MUNICH--(BUSINESS WIRE)--#CES2021--Sono Motors, the Company that seeks to revolutionize the future of solar-powered transportation, successfully unveiled the next frontier for its polymer-based Sono Solar Technology at CES 2021. Remarkably, the Company surprised live session participants with the first prototype for a photovoltaic (PV) or solar trailer, produced in conjunction with Finnish solar manufacturer, Valoe. This announcement occurred in conjunction with the introduction of the next generation prototype for the innovative Solar EV, the Sion.
In line with Sono Motors’ vision for an affordable, accessible world without fossil fuels, the Company has created a proprietary platform to expand the use of the solar technology innovations borne from the Sion. The PV/solar trailer represents the next step for Sono Solar Technology, underscoring the technology’s potential use across various mobility applications and upending global consumers’ historic reliance on traditional combustion engines.
“We have found a way to deliver sustainable, free power across various transportation applications by replacing the traditional 'paint shop' process with integrated solar technology. While Sono Solar Technology is cheaper, lighter, and much more efficient than conventional glass-based solar cells, I am most excited about the potential uses that will arise thanks to its incredible flexibility,” said Jona Christians, Co-Founder and Chief Executive Officer of Sono Motors. “We are continuing to enhance this technology and look forward to our next achievements.”
The Sion also exhibited the first series-intended solar integration on the body for the model during CES 2021, emphasizing the Company’s innovation track record.
What is new in the next gen prototype of the Sion
Sono Motors integrated series-intended parts into a prototype. Those parts either come from series suppliers or are parts that are close to series. Besides the successful implementation of the series-intended electric drive unit, the chassis and the MPPT Central Unit (MCU), Sono Motors achieved something remarkable by placing solar panels on all straight and curved exterior parts of the vehicle. Sono Motors has also taken a major step forward in the development of the Sono App and infotainment, which is demonstrated by this prototype. The in-vehicle series-intended control units now communicate with the app and infotainment. For example in live tracking of solar energy, keyless entry, opening the charging lid, control of the cabin temperature and ambient light. High quality surface materials and the series-close dashboard give the vehicle a modern look and a good indication of the standard look and feel of the Sion.
Further information about Sono Solar Technology and the Sion can be found at: https://sonomotors.com/
For more information about the new features of the prototype, please submit a request to Sono Motor’s contact persons.
About Sono Motors:
Sono Motors is on a mission to enable a revolutionary mobility system, where every electric vehicle is solar, shared and independent from fossil-fuels. Today, an experienced specialist team is developing a forward-looking electric car that is suitable for daily use, with integrated solar cells and innovative mobility services, the Sion. Both, the integrated solar technology as well as the mobility services enable users to access clean mobility, harness solar energy and reduce CO2 impacts. Sono Motors was founded in 2016 and has rapidly grown to more than 100 employees today. The team combines international young talents and industry veterans, including former employees from BMW, Nissan Motor Company, Chrysler Group, DaimlerChrysler, Mercedes-Benz, FlixBus and myTaxi. Since its foundation, the company has raised around € 100M through reservations and funding. The company released its first-generation car prototype to the public in 2017. To date, more than 12,600 people have reserved and partially paid for the vehicle. In 2018, Sono Motors was recognized as a Solar Impulse Efficient Solution by the Solar Impulse Foundation. In January of 2020, Sono Motors successfully closed one of the biggest Community Crowdfunding Campaigns in Europe.
The Sion is expected to have the lowest TCO (total cost of ownership) in its category at the time of production.
Find the entire founders’ story here: www.sonomotors.com/de/story.html/
Website: www.sonomotors.com
Social Media: Facebook | Instagram | Twitter | YouTube | LinkedIn
Press contact:
USA: Victoria Sivrais, Clermont Partners | E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Europe: Alba Espinosa, Sono Motors | E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
DOE funding recognizes Flex™ as a transformational technology for grid modernization efforts
REDWOOD CITY, Calif.--(BUSINESS WIRE)--AutoGrid, the market leader in AI-powered flexibility management software for the energy industry, today announced that it was awarded $2.25 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). The funding will be used to significantly increase the scalability and electric vehicle (EV) management capabilities of AutoGrid’s award-winning, artificial intelligence-powered Flex™ Virtual Power Plant (VPP) platform.
“Asset owners and power providers today face a greater number and diversity of distributed energy resources than ever before, and optimizing them requires flexible solutions that can handle increasingly complex networks,” said Rahul Kar, General Manager and VP - New Energy for AutoGrid. “The Department of Energy’s award serves as pivotal support of our Flex platform, and will help further our work boosting flexibility and maximizing value streams from storage, renewables, electric vehicles, and other distributed assets.”
The expanded Flex capabilities include scaling real-time co-optimization up to 100,000 assets, and expanding the platform’s features and functionality for EV fleet management. AutoGrid is currently supporting the buildout of the world’s largest VPP by asset volume in Japan with local partner ENERES, and offers its Flex platform for EV fleet owners and power providers to manage networks of charging stations.
AutoGrid received this competitive award from ARPA-E’s Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program, building on ARPA-E’s primary focus of supporting the scaling of transformational and disruptive technologies across the full spectrum of energy applications. This is the second time AutoGrid has received ARPA-E support, having previously been awarded $3.5 million by the office’s Green Electricity Network Integration (GENI) program in 2012.
With over 5,000 MW of assets under contract, and experience of managing distributed energy resources (DERs) in 12 countries, AutoGrid is the leading provider of flexibility management solutions globally. AutoGrid Flex is ranked as the #1 Virtual Power Plant Platform in the world according to the 2020 global ranking published by industry-leading research firm Guidehouse Insights.
About AutoGrid:
AutoGrid builds AI-powered software solutions that enable a smarter energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrid’s flagship application, AutoGrid Flex, is ranked as the #1 Virtual Power Plant Platform in the world according to the global ranking published in 2020 by industry-leading research and analysis firm Guidehouse (formerly, Navigant Research).
AutoGrid
Leo Traub
Antenna Group for AutoGrid
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UNIONDALE, N.Y.--(BUSINESS WIRE)--#BILLING--EC Infosystems, a leader in Electronic Data Interchange (EDI) and Billing/Customer Information Solutions (CIS) for companies in the deregulated energy industry, has announced a successful close to 2020, including the announcement of the fourth-annual user conference, new product debuts, and exponential growth, both internally and externally.
EC Infosystems announced the 2021 user conference will be held in Orlando, Florida at the Four Seasons Resort & Spa on November 11-13, 2021. The event will focus on driving growth using technology and innovation, a theme that will be a focus of many of EC Infosystems’ clients for the next year and beyond.
“Our annual user conferences enable us to work collaboratively with our customers and partners to do business more efficiently and effectively,” says EC Infosystems’ President and CEO, Mohan Wanchoo. “The fourth annual event will continue on that path of successful and strategic collaboration; we look forward to leveraging our close-knit client relationships to build-out our product roadmap.”
The past year also afforded EC Infosystems’ several growth opportunities including a relocation of the Pennsylvania office, now located at 1275 Glenlivet Dr. Suite 134, Allentown, PA 18106. Situated just 11 miles from the previous Allentown, Pennsylvania location which opened in May 2016, the new office is a state-of-the-art facility with several options for private meeting space including advanced technology for displays and video conferencing purposes.
EC Infosystems also saw exponential growth in 2020, a repeating pattern of success from previous years. Over 20 new client logos were added, representing a 1 million meter addition to the market-leading UtiliBill Billing/CIS and EDI platforms. Internally, EC Infosystems has added significant resources to support its growing client base with several new additions to staff and significant security upgrades such as the SOC II compliance certification.
“As a company, this past year included strategic wins with our user conference announcement, innovative product and security developments, and client achievements – both existing and new,” says Ananda Goswami, Chief Revenue Officer at EC Infosystems. “Our ability to leverage a challenging year and into a successful one is a testament to the resiliency and dedication of our teams, and we look forward to carrying that momentum into 2021 and beyond.”
About EC Infosystems
EC Infosystems is a market-leading Software as a Service provider (SaaS) of Electronic Data Interchange (EDI) and UtiliBill™ (Billing/Customer Information Solutions (CIS)), serving more than 300 clients in the deregulated energy industry across the United States, Canada, Mexico and Europe. The company's sophisticated software platform is user friendly, improves efficiency and operating performance, and provides clients with a strong competitive advantage. For more information, visit www.ecinfosystems.com
ECI Media Contact
Andreya Shaak
EC Infosystems
516-874-8000
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE: NGVT) today announced that it will release its fourth quarter and full year earnings after the stock market close on Wednesday, Feb. 10, 2021.
The company will host a live webcast on Thursday, Feb. 11, 2021, at 10 a.m. (Eastern Time) to discuss fourth quarter and full year 2020 fiscal results. The webcast can be accessed through the investors section of Ingevity’s website, or via this link: Ingevity Q4 and full year 2020 webcast.
You may also listen to the conference call by dialing 877-407-2991 (inside the U.S.) or 201-389-0925 (outside the U.S.), at least 10 minutes prior to the start of the event.
For those unable to join the live event, a replay of the webcast will be available beginning at approximately 2 p.m. (Eastern Time) on Feb. 11, 2021, through March 11, 2021: Ingevity Q4 and full year 2020 webcast replay.
Information on how to access the webcast and conference call, along with a slide deck containing other relevant financial and statistical information, will be posted to the investors section of Ingevity’s website at www.ingevity.com prior to the call.
Ingevity: Purify, Protect and Enhance
Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information visit www.ingevity.com.
Laura Woodcock
843-746-8197
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Investors:
Jack Maurer
843-746-8242
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TORONTO--(BUSINESS WIRE)--Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) announces that it will hold a Special Meeting of Shareholders (the “Special Meeting”) on Monday, March 1, 2021. The Company has set the Record Date for the Special Meeting on January 25, 2021.
The purpose of the Special Meeting is to seek authorization from the Company’s shareholders to enable the Board of Directors (the “Board”) to consider a consolidation of the Company's issued and outstanding common shares (“Common Shares”) at a ratio of up to one post-consolidation share for every ten pre-consolidation shares. Concurrent with the Special Meeting and related to the proposed share consolidation, the Company’s Board is also considering a potential listing of the Company’s shares in the United States (“U.S.”) with the view of increasing access to U.S. capital markets and enhancing overall shareholder value—particularly as the Company continues to strategically develop its recently launched U.S.-based Largo Clean Energy division into an industry-leading, vertically integrated vanadium redox flow battery business.
Any authority of the Board to consolidate the shares is conditional upon the prior approval of the Company's shareholders and the Toronto Stock Exchange (the "TSX"). Additional information, including the time and instructions for virtually accessing and voting at the Special Meeting will be provided at a later date. Further, a Management Information Circular for the upcoming Special Meeting will be mailed to shareholders and filed by the Company on SEDAR.
About Largo Resources
Largo Resources is a leading, vertically integrated provider of cleantech solutions through its high-quality vanadium products. Largo can service multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, which are sourced from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its world-class VCHARGE± vanadium redox flow battery systems. The Company's common shares are listed on the Toronto Stock Exchange under the symbol "LGO".
For more information on Largo and VPURE™, please visit www.largoresources.com and www.largoVPURE.com.
For additional information on Largo Clean Energy, please visit www.largocleanenergy.com.
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Neither the Toronto Stock Exchange (nor its regulatory service provider) accepts responsibility for the adequacy or accuracy of this press release.
Forward-looking Information:
This press release contains forward-looking information under Canadian securities legislation, some of which may be considered "financial outlook" for the purposes of application Canadian securities legislation ("forward-looking statements"). Forward‐looking information in this press release includes, but is not limited to, the approval of the share consolidation and the ultimate consolidation ratio selected, the Company’s intention and ability to list on a United States stock exchange, and the anticipated benefits of completing a share consolidation and United States stock exchange listing. Forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo or Largo Clean Energy to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in Largo’s annual information form and in its annual and interim MD&As filed to its profile on www.SEDAR.com. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Alex Guthrie
Senior Manager, External Relations
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Tel: +1 416-861-9797
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#efficiency--Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that members of its management team will attend the following investor conference:
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media:
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Investor Relations: Eric Prouty, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
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LAS VEGAS--(BUSINESS WIRE)--$AP #Amazon--DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”), announced that its power electronics business, Coolisys Technologies Corp. (“Coolisys”), began accepting pre-orders on Amazon.com for its ACECoolTM residential level 2 7kW single electric vehicle (“EV”) charger, on January 13, 2021. The wall mount charging system is compatible with all EVs that utilize the SAE J1772 connector, including all Tesla models with SAE J1772 adapters and can be installed in any residential house, garage or parking lot with a 240-volt power outlet. The Company issued a press release on October 16, 2020, stating that Coolisys envisioned this development occurring in early 2021.
Coolisys is encouraged by the interest in its residential EV chargers on Amazon.com and is in conversations with additional online retailers and distributors. The Company will continue to provide updates on key developments with potential channel partners as circumstances warrant.
Coolisys’ President and CEO Amos Kohn said, “We are pleased to announce the Amazon pre-order launch of our residential EV wall mount charging system. Coolisys’ compact, space saving wall mount AC charging system is easy to install and uses advanced charging technology that provides highly efficient and reliable charging of electric vehicles. We believe our EV charger product line is well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally.”
For more information on DPW Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.
About Coolisys Technologies Corp.
Coolisys and its portfolio companies and divisions are primarily engaged in the design and manufacture of innovative, feature-rich, and top-quality power products for mission-critical applications in the harshest environments and life-saving, life sustaining applications across diverse markets including defense/aerospace, medical/healthcare, industrial, telecommunications and automotive. Coolisys’ headquarters are located at 1635 South Main Street, Milpitas, CA 95035; www.Coolisys.com.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.DPWHoldings.com.
Forward-Looking Statements
This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
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Partnership with Leading Hydro Developer, Rye Development, Will Add 250 MW of Low-Carbon Generation at Existing Dams in Kentucky, Louisiana, Mississippi, Ohio, Pennsylvania and West Virginia
SAN FRANCISCO--(BUSINESS WIRE)--Climate Adaptive Infrastructure, LLC (“CAI”) an infrastructure investment firm specializing in low-carbon real assets in the energy, water and transport sectors, today announced that it is funding the construction of 22 hydroelectric projects (“Rye Hydro”) at existing non-powered dams (“NPDs”) in the Eastern United States, alongside Rye Development, LLC a leading U.S. hydropower developer. Terms of the transaction were not disclosed.
Headquartered in Boston, Rye Development is a leading U.S. developer of low-impact hydropowered energy generation and energy storage. There are over 80,000 existing NPDs in the United States. Rye Development adds new energy generating capabilities to existing NPDs, modernizing these untapped resources to generate clean, predictable, renewable energy, powering communities, and creating jobs. Rye Development’s current portfolio will add hydroelectric turbines to 22 existing NPDs in Kentucky, Louisiana, Mississippi, Ohio, Pennsylvania and West Virginia, the majority of which are owned and operated by the US Army Corps of Engineers.
“We are pleased to partner with Paul Jacob and the strong management team at Rye Development as they install hydroelectric turbines at existing, non-powered dams across the Eastern United States,” said Bill Green, Founder and Managing Partner of Climate Adaptive Infrastructure. “The Rye Hydro investment is a perfect fit with CAI’s mission to fund large-scale, low-carbon infrastructure projects that withstand the policy risks and economic pressures of the global climate crisis.”
“CAI is an ideal partner as they bring substantial industry expertise and have unparalleled access to every corner of the low-carbon infrastructure investment and policy ecosystem,” said Paul Jacob, CEO of Rye Development. “We look forward to working closely with the CAI team as we develop Rye Hydro to simultaneously strengthen the U.S. power grid, reduce carbon emissions, and address the climate crisis.”
In October 2020, Rye Development signed the Joint Statement of Collaboration on U.S. Hydropower (“Joint Statement”) between the U.S. hydropower industry and environmental community – an agreement led by Stanford University and the Energy Futures Initiative – outlining how the U.S. needs to address climate change by advancing both the renewable energy and storage benefits of hydropower and the environmental and economic benefits of healthy rivers.
Dan Reicher, a CAI Partner, who also led the negotiation of the Joint Statement, said, “Through its partnership with Rye Development, CAI is seizing critical and timely opportunities that will increase U.S. low-carbon electricity generation, help integrate variable solar and wind into the grid, and create jobs – all without building a single new dam.”
CAI is led by a highly experienced team who have dedicated their careers to sustainable infrastructure investment, asset operations, and policy in the energy and environmental sectors. CAI’s Founding Partners are:
About Climate Adaptive Infrastructure
Climate Adaptive Infrastructure, LLC (“CAI”) is an infrastructure investment firm specializing in low-carbon real assets in the energy, water and transport sectors. The firm seeks investments across core infrastructure assets that improve the sustainability and quality of life for the world’s large and growing population. CAI selects, finances, constructs and manages its investments using climate screens and metrics designed to enhance investment returns and cut carbon emissions.
Jonathan Gasthalter/Emily Meringolo
Gasthalter & Co.
+1(212) 257 4170
NEW YORK & HOUSTON & WASHINGTON & NEW DELHI, India--(BUSINESS WIRE)--Ridgewood, NJ based Dastur International, Inc., along with its Austin, TX based affiliate Dastur Energy Inc. and M. N. Dastur & Co (P) Ltd. (Dastur); Houston, TX based Air Liquide Global E&C Solutions (Air Liquide); and the Austin, TX based Bureau of Economic Geology (BEG) at the University of Texas at Austin, have been selected to carry out the design and feasibility for India’s largest industrial carbon capture and utilization (CCUS) project at the 13.7 million tons per annum (mtpa) Koyali refinery of Indian Oil Corporation Ltd. (IOCL). Dastur is the prime contractor and will lead the project.
According to the International Energy Agency (IEA), industrial greenhouse gases (GHG) from steel, cement, fertilizer plants and refineries make up more than a quarter of all GHGs and are practical targets for implementing CCUS. Enhanced oil recovery (EOR) is a major use of CO₂ to increase an oil field’s recovery from about 40% to 70% of original oil in place, while also storing the CO₂ permanently underground.
IOCL is India’s leading refiner, operating 11 of the country’s 23 refineries. The refinery at Koyali, near Vadodara, is its flagship refinery, and has the potential to capture over 5000 tonnes per day (tpd) or more than 1.5 mtpa of CO₂ for large scale EOR operations. The CO₂ captured from its hydrogen generation units will be primarily used for EOR at the Oil and Natural Gas Commission’s (ONGC) oilfield at Gandhar, Gujarat, near Koyali. The project will examine the technical viability, economic cost and feasibility of capturing CO₂; develop technical specifications, designs and plans; review and identify necessary approvals and permits required; and analyze the environmental benefits of the CCUS project. In addition to EOR and food and beverage applications, it will consider various alternative applications for the captured CO₂ to make the project technically and economically feasible.
Shri S.S.V. Ramakumar, Director (R&D) and Board member of IOCL said, "This sustainability initiative from IOCL is probably the first of its kind industrial scale carbon capture project in a large refinery in India. IOCL hopes to capture over 250-500 thousand tons of CO₂ in a year initially and to use the CO₂ for cost-effectively enhancing oil production from ONGC’s oil fields. In this ambitious and path breaking project, we were pleased to receive global interest from many global firms. We are happy that Dastur Energy along with Air Liquide and the UT Austin, Bureau of Economic Geology will help us analyse and design not only a state-of-the-art commercial scale capture system, but also an economically viable model of carbon capture that can be a fore runner for CCUS in India.”
The project is funded by the United States Trade and Development Agency (USTDA), as part of its mission to promote the development of sustainable infrastructure projects and fostering economic growth in partner countries like India. “This project is an ideal example of the groundbreaking work USTDA supports and makes possible,” said Todd Abrajano, Chief Operating Officer and Head of the Agency. “This innovative solution – the first of its kind in India – is showing how American technology can help reduce GHG emissions in refinery operations while enhancing the energy security of India through EOR.”
Atanu Mukherjee, President and Chief Executive Officer of Dastur, said, “Close on the heels of our recent US Department of Energy win to implement industrial carbon capture at Arcelor Mittal Burns Harbor USA and a landmark project at a Middle East national oil major to implement carbon capture for the lowest cost EOR, I am delighted that Dastur will be able to apply its expertise along with Air Liquide and UT-BEG, to chart the path for the first CCUS project in India of this magnitude. Industrial scale carbon capture and utilization through EOR can be an economically attractive model for India in reducing carbon emissions, enhancing energy security and contributing to the vision of an Atma Nirbhar Bharat.”
Dastur will draw upon its Austin, TX based affiliate Dastur Energy’s intellectual property and capabilities in the areas of energy engineering, carbon capture, EOR, energy supply chains, energy economics, and low-carbon fuels for conceiving and designing this project.
http://www.dastur.com/
USA: Abhijit Sarkar
+1 201 261 2300
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India: Saurav Chatterjee
+91 9831 304 985
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SAN MATEO, Calif.--(BUSINESS WIRE)--#globaltrade--Novigo, a competence leader for supply chain execution consulting services enabling businesses worldwide to uncover benefits of the SAP Digital Supply Chain Platform, announced its partnership with ClearMetal, a leader in the Continuous Delivery Experience (CDX), enabling supply chain organizations to optimize logistics and provide accurate shipment information. The collaboration between the two organizations will help Novigo enhance customer’s end-to-end solutions in tracking ocean shipments and related transportation processes.
ClearMetal has recently joined the SAP Logistics Business Network as an SAP partner for international shipment visibility data. ClearMetal’s unmatched global ocean visibility data provides accurate and real-time shipment status and ETAs for customers. The usage of machine learning to cross-reference inputs further enhances the supply chain data fidelity, thereby providing crucial business intelligence.
As global leaders of SAP Digital Supply Chain implementations (SAP TM, EM, LBN, EWM & GTT), Novigo works with leading large and mid-sized companies on their SAP-centric Supply Chain Transformation initiatives to deliver new value to their customers and maximize their supply chain resilience. Customers engage Novigo's consulting services for their balanced blend of industry-leading competence, passion for driving value, deep focus, international delivery capability, hands-on methodology, and innovative thought leadership.
Joerg Rohde, CEO, Novigo, in his statement, mentioned, "We are thrilled to be partnering with ClearMetal, the leader in ocean freight tracking. Using ClearMetal's cutting-edge platform will enable customers to access accurate, real-time, and reliable shipment data. Novigo's association with ClearMetal will help us deliver unmatched comprehensive ocean freight tracking and related transportation solutions to our clients. At a time when supply chain resilience is of utmost importance to businesses, having precise shipment visibility data in real-time helps future-proof enterprises by reducing their Supply Chain Risk."
Chris Mazza, SVP Customer Experience & BD, in his statement mentioned, "ClearMetal is very excited to enter into a formal partnership agreement with Novigo. We believe the combination of ClearMetal's best in class data for international ocean freight and Novigo's leadership in SAP digital supply chain implementations will deliver value to customers."
Novigo is committed to delivering exceptional service and support to its customers to ensure supply chain agility and better preparedness for the future. Novigo's focus remains on identifying new ways of running smarter supply chains by uncovering the potential in business process improvement, enabled by SAP Digital SCM Technology, and delivered by empowered and enabled people.
About ClearMetal, Inc
ClearMetal is the market leader in international freight visibility. Supply chain organizations can optimize logistics and provide their customers with easy access to trusted, live information about their shipments and a customer experience that is a differentiator and revenue accelerant. The ClearMetal 'Continuous Delivery Experience’ (CDX) Platform uses proprietary machine learning to break free from static-visibility paradigms and turn supply chains from a cost center to a competitive advantage. ClearMetal was founded by top software engineers, data scientists, and operations researchers from Stanford University, Google, and Silicon Valley and is funded by Eclipse Ventures, Prelude Ventures, Innovation Endeavors, NEA, SAP.io, Prologis Ventures, PSA Unboxed, DCLI, and the founders of GT Nexus, Navis, and Uber Freight. ClearMetal is based in San Francisco, CA. For more information visit www.clearmetal.com.
About Novigo
Novigo is a global competence leader for supply chain execution consulting services that enable clients worldwide to uncover benefits of SAP's state of the art Digital Supply Chain Platform. As global leaders of SAP Digital Supply Chain implementations (SAP TM, EM, LBN, EWM & GTT) through their regional subsidiaries in North America, EMEA, Asia, and Australia, Novigo has delivered the most SAP Supply Chain Execution / TM Implementation Projects among all SAP Service Partners. Our value-driven approach towards Digital Transformation Services and our track record of 100% successful project delivery make Novigo the desirable partner of choice. For more information, please visit www.novigo.com.
Stephanie Levinson on behalf of ClearMetal
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Cigdem Bayraktar on behalf of Novigo
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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced it has successfully deployed the industry’s first electric grid-powered fracturing operation. The job, being performed on several pads for Cimarex Energy Co. (NYSE: XEC) in the Permian basin, started in November. To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance.
Grid-powered electric fracturing offers an alternative path to achieving the lowest emissions profile possible compared to both turbines and Tier 4 dual fuel engines. Grid-powered electric fracturing also offers additional operational reliability and requires a lower capital outlay compared to turbines. Delivering a grid-powered fracturing solution is an example of Halliburton’s commitment to leading in the energy transition by helping customers achieve lower emissions.
Cimarex Vice President - Permian Business Unit, Michael DeShazer, said, “Cimarex has focused its infrastructure investment on creating operational efficiencies and reducing emissions including ownership of the electrical grid on our Culberson and Reeves County acreage. These investments are enhanced by Halliburton’s grid-powered fracturing operation. We look forward to the continued development of this technology with Halliburton across Cimarex’s assets.”
Halliburton’s electric-powered equipment is engineered to utilize the maximum power potential from the grid, allowing the customer to achieve pumping performance of 30 to 40 percent higher than with conventional equipment.
“Electric fracturing aligns with our goal to provide the industry with lower-carbon intensive solutions and our commitment to a sustainable energy future,” said Michael Segura, vice president of Production Enhancement for Halliburton. “With Halliburton’s leading electric fracturing capabilities, coupled with an innovative operator like Cimarex, grid power can offer one of the most effective and capital efficient solutions for electric fracturing.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
Investor Relations
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281-871-2688
For News Media:
Erin Fuchs
External Affairs
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281-871-2601
Technology Ventures Funds Blue Planet
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced a Series C investment in San Jose-based Blue Planet Systems Corporation (“Blue Planet”), a startup that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations.
Chevron Technology Ventures’ ongoing investment in carbon capture and utilization technologies supports Chevron’s focus on a diverse portfolio of lower-carbon solutions. In connection with its investment, Chevron and Blue Planet also executed a letter of intent to collaborate on potential pilot projects and commercial development in key geographies, with the goal of jointly advancing lower-carbon opportunities.
Blue Planet creates carbonate-based building aggregate made from flue gas-captured CO2. Distinct from some other industrial carbon capture and utilization technologies, Blue Planet’s process does not require CO2 purification and enrichment prior to use which can reduce cost and unit energy consumed during capture. Founded in 2013, Blue Planet’s technology potentially enables permanent capture of CO2 in building materials at scale, converting CO2 to a lower-carbon product for sale in the growing global market of aggregates.
“Carbon capture, utilization, and storage, or CCUS, is viewed to be essential to advancing progress toward the global net zero ambition of the Paris Agreement,” said Barbara Burger, VP of innovation and president of Technology Ventures at Chevron. “This investment is made through our Future Energy Fund which focuses on startups with lower-carbon technologies that can scale commercially, and we welcome Blue Planet to this portfolio,” said Burger.
“Chevron is a leader in scouting and identifying innovative and game-changing approaches to lower-carbon intensity,” said Brent Constantz, founder, CEO, and chief scientist at Blue Planet. “The investment may also provide future opportunities to incorporate Blue Planet’s approach into Chevron’s projects.”
About Chevron Technology Ventures
Chevron Technology Ventures (CTV) pursues externally developed technologies and new business solutions that have the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy. CTV leverages innovative companies and technologies to strengthen Chevron’s core operations and identifies new opportunities to shape the future of energy. For more information, visit www.chevron.com/technology/technology-ventures.
NOTICE
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals, and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on schedule,” “on track,” “is slated,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to successfully integrate the operations of Chevron and Noble Energy and achieve the anticipated benefits from the acquisition of Noble Energy; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, industry-specific taxes, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 21 of the company's 2019 Annual Report on Form 10-K, as updated by Part II, Item 1A, "Risk Factors" in the company's subsequently filed Quarterly Reports on Form 10-Q, and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Mary Murrin, This email address is being protected from spambots. You need JavaScript enabled to view it., +1 832-421-6996
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or the “Company”) announced today the early results of Pioneer’s previously announced cash tender offers to purchase any and all of the outstanding 5.625% Senior Notes due 2027 (the “2027 Notes”) and 4.125% Senior Notes due 2028 (the “2028 Notes” and, together with the 2027 Notes, the “Tender Offer Notes”) of Parsley Energy, LLC, a Delaware limited liability company (“Parsley LLC”), and Parsley Finance Corp., a Delaware corporation (“Parsley Finance” and, together with Parsley LLC, the “Issuers”) from holders of each series of the Tender Offer Notes (the “Tender Offers”) and solicitations of consents from holders of each series of the Tender Offer Notes (the “Consent Solicitations”) to effect certain amendments to the indentures governing each series of the Tender Offer Notes (the “Indentures”).
According to information received from D.F. King & Co., Inc., the tender agent and information agent for the Tender Offers, as of 5:00 p.m., New York City time, on January 13, 2021 (the “Early Tender Date”), an aggregate of $520,445,000 principal amount of the 2027 Notes, representing approximately 74.35% of the outstanding 2027 Notes, and $254,646,000 aggregate principal amount of the 2028 Notes, representing approximately 63.75% of the outstanding 2028 Notes, had been validly tendered and not withdrawn pursuant to the Tender Offers.
The Tender Offers and the Consent Solicitations were conditioned on the closing of the acquisition of the Issuers by Pioneer pursuant to an Agreement and Plan of Merger (the “Merger Agreement”), by and among Pioneer and certain of its subsidiaries, Parsley Energy, Inc., a Delaware corporation (“Parsley”), and Parsley LLC, dated as of October 20, 2020. The transactions contemplated by the Merger Agreement closed on January 12, 2021, as a result of which the Issuers are now wholly owned subsidiaries of Pioneer. Consummation of the Tender Offers and payment for Tender Offer Notes validly tendered pursuant to the Tender Offers remain subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase dated December 30, 2020 (the “Offer to Purchase”), including, but not limited to, the satisfaction or waiver of the financing condition described therein.
The Tender Offers will expire at 11:59 p.m. New York City time on January 28, 2021 (the “Expiration Date”). Subject to satisfaction of the conditions to the Tender Offers set forth in the Offer to Purchase, the Company expects to accept and pay for all Tender Offer Notes tendered at or prior to the Expiration Date on or about January 29, 2021 (the “Settlement Date”). The deadline for holders to validly withdraw tenders of Tender Offer Notes has passed. Accordingly, tendered Tender Offer Notes may no longer be withdrawn or revoked, except in certain limited circumstances where additional withdrawal or revocation rights are required by law.
Because the principal amount of Tender Offer Notes tendered prior to the Early Tender Date exceeded a majority of the outstanding Tender Offer Notes of each series, the requisite consents necessary to adopt the proposed amendments with respect to each series of Tender Offer Notes as described in the Offer to Purchase (the “Proposed Amendments”) have been obtained, and Pioneer intends to cause the Issuers to execute a supplement to each of the indentures governing the Tender Offer Notes to effect the Proposed Amendments to such indentures, although the Proposed Amendments therein will not become operative with respect to each series of Tender Offer Notes until Pioneer purchases at least a majority in aggregate principal amount of the outstanding Tender Offer Notes of the applicable series pursuant to the Tender Offers.
BofA Securities, Inc., CIBC World Markets Corp., RBC Capital Markets, LLC and Scotia Capital (USA) Inc. have been retained as dealer managers. D.F. King & Co., Inc. has been retained to serve as both the tender agent and the information agent. Persons with questions regarding the Tender Offers and the Consent Solicitations should contact BofA Securities at 1 (980) 387-3907, CIBC Capital Markets at 1 (800) 282-0822, RBC Capital Markets at 1 (212) 618-7843 or Scotiabank at 1 (833) 498-1660. Copies of the Offers to Purchase and other related materials may be obtained by contacting D.F. King & Co., Inc. at 1 (866) 406-2283 (US toll-free) or 1 (212) 269-5550 (collect) or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The offer is being made solely pursuant to the terms and conditions set forth in the Offer to Purchase. None of Pioneer or its affiliates, its board of directors, the Issuers, the dealer managers, the tender agent and the information agent for the Tender Offer Notes or U.S. Bank National Association, as trustee for the Tender Offer Notes, makes any recommendation as to whether holders of the Tender Offer Notes should tender or refrain from tendering the Tender Offer Notes.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices, product supply and demand, the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, global and U.S. economic activity, government regulation or action, Pioneer’s ability to implement its business plans or complete its development activities as scheduled, access to and cost of capital, the financial strength of counterparties to Pioneer’s credit facility, investment instruments and derivative contracts and purchasers of Pioneer’s oil, natural gas liquids and gas production, and acts of war or terrorism. These and other risks are described in Pioneer’s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, Current Report on Form 8-K filed on January 12, 2021, and other filings with the Securities and Exchange Commission. In addition, Pioneer may be subject to currently unforeseen risks that may have a materially adverse impact on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens - 972-969-5760
Investment Will Bolster Customer Experience and Fund Market Expansion
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the worldwide leader in Flex-MLPE (Module Level Power Electronics) today announced a $20 million round of investment, led by Energy Growth Momentum.
“2020 has been a breakout year for Tigo and 2021 has the potential for even greater success,” stated Zvi Alon, Chairman and CEO of Tigo. “We are excited to have the EG Momentum team’s support and their working capital will enable us to better serve our current customer base and invest in the future expansion with new customers, new partners and new projects.”
The investment will be used to improve upon existing products and develop next generation solutions that maximize returns for PV customers. A portion of the new funds will be used to efficiently and effectively scale. Tigo’s growth has accelerated significantly recently as the company’s products have reached more customer segments and countries throughout the world. With over 40,000 installations in over 100 countries on all 7 continents, Tigo systems generate more than 1 GWh of daily solar production. Tigo’s solutions are deployed in solar energy generators ranging from single kilowatt residential solar installations to multi-megawatt utility scale sites, roof-top, ground mount and floating systems.
Tigo will continue to invest in the personnel, systems and business process improvement to market and support this breadth of customers.
Tigo’s products are certified globally. A major differentiator is the UL-system-certification focus. Tigo’s solutions secured certification with hundreds of inverters from more than 15 manufacturers – giving customers significantly more options than any other company in the industry. This UL certification is part of Tigo’s multivendor initiative providing customers with the freedom to choose the features they want with the inverter they want.
“We look for talented and experienced management in order to support digital and renewable energy investments that simultaneously increase market value and reduce carbon emissions,” stated John Wilson, founding partner at Energy Growth Momentum, “And the combination of Zvi and Tigo Energy represents just such an investment.”
For more information and inquiries, contact This email address is being protected from spambots. You need JavaScript enabled to view it.
About Tigo
Tigo is the worldwide leader in flexible module level power electronics (MLPE) with innovative solutions that significantly enhance safety, increase energy production, and decrease operating costs of photovoltaic (PV) systems. Tigo’s TS4 platform maximizes the benefit of PV systems and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on 7 continents and produce gigawatt hours of reliable, clean, affordable and safe solar energy daily. Tigo's global team is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Visit us at www.tigoenergy.com.
Media Contact for Tigo
John Lerch
408.402.0802 x430
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced the commencement of a public offering, subject to market and other conditions, of Senior Notes due 2024, Senior Notes due 2026 and Senior Notes due 2031 (the “Offering”).
The proceeds of the Offering are expected to be used, as described more fully below, (i) to refinance certain senior notes issued by Parsley Energy, LLC and certain of its subsidiaries (the “Parsley Issuers”), which became wholly owned subsidiaries of Pioneer on January 12, 2021 as a result of the completion of Pioneer’s acquisition of Parsley Energy, Inc., and (ii) for general corporate purposes.
The refinancing transactions include the redemption of all outstanding 5.375% Senior Notes due 2025 and 5.250% Senior Notes due 2025 of the Parsley Issuers on or about January 29, 2021, for an aggregate redemption price of approximately $1.13 billion, pursuant to previously issued conditional notices of redemption. In addition, Pioneer expects to redeem all outstanding 5.875% Senior Notes due 2026 issued by Jagged Peak Energy LLC, a subsidiary of Parsley Energy, LLC, on January 29, 2021, pursuant to a conditional notice of redemption issued in connection with the Offering, at a make-whole redemption price estimated to be approximately $515.8 million in the aggregate. Each of the foregoing redemptions is subject to a financing condition, which is expected to be satisfied upon completion of the Offering.
In addition, on December 30, 2020, Pioneer announced cash tender offers (the “Tender Offers”) for any and all of the Parsley Issuers’ 5.625% Senior Notes due 2027 (the “2027 Notes”) and 4.125% Senior Notes due 2028 (the “2028 Notes” and, together with the 2027 Notes, the “Tender Offer Notes”), which will expire on January 28, 2021. As of January 13, 2021, the early tender date for the Tender Offers, $520.4 million principal amount of the 2027 Notes and $254.6 million principal amount of the 2028 Notes had been validly tendered under the Tender Offers, which would have an aggregate purchase price if accepted in the Tender Offers at the scheduled expiration date of $843.7 million, excluding accrued interest. Completion of the Tender Offers is subject to satisfaction of certain other conditions set forth in the offer documentation, including a financing condition that is expected to be satisfied upon completion of the Offering. The Offering is not conditioned on completion of the Tender Offers.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC will act as Joint Book-Running Managers for the Offering. When available, a copy of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering may be obtained from: BofA Securities, Inc. at: 200 North College Street, NC1-004-03-43, Charlotte NC 28255-0001, Attention: Prospectus Department, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Telephone: 1 (800) 294-1322; Citigroup Global Markets Inc. at: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Telephone: 1 (800) 831-9146; J.P. Morgan Securities LLC at: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, Telephone: 1 (866) 803-9204; or TD Securities (USA) LLC at: 31 West 52nd Street, 2nd Floor, New York, New York 10019, Attention: Syndicate Department, Telephone: 1 (855) 495-9846.
An electronic copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission’s website at www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Offering may be made only by means of a prospectus and prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The Offering will be made pursuant to an effective shelf registration statement, which was previously filed by Pioneer with the Securities and Exchange Commission, and a prospectus supplement and accompanying prospectus, which will be filed by Pioneer with the Securities and Exchange Commission. This press release is not an offer to purchase or redeem any of the Tender Offer Notes. No assurance can be given as to the amount of Tender Offer Notes that will be tendered in the Tender Offers.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices, product supply and demand, the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, global and U.S. economic activity, government regulation or action, Pioneer’s ability to implement its business plans or complete its development activities as scheduled, access to and cost of capital, the financial strength of counterparties to Pioneer’s credit facility, investment instruments and derivative contracts and purchasers of Pioneer’s oil, natural gas liquids and gas production, and acts of war or terrorism. These and other risks are described in Pioneer’s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, Current Report on Form 8-K filed on January 12, 2021, and other filings with the Securities and Exchange Commission. In addition, Pioneer may be subject to currently unforeseen risks that may have a materially adverse impact on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens - 972-969-5760
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) today announced it will release its fourth quarter and fiscal year 2020 financial results on February 10, 2021 after market close. A conference call to discuss these results will be held the same day at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET).
Q4 2020 and Fiscal 2020 Conference Call and Webcast
Date: February 10, 2021
Time: 2 p.m. PT/ 5 p.m. ET
Live Dial in: Domestic (844) 828-0524 | International +1 (647) 689-5146
Participant Passcode: 5175667
Live webcast: https://investor.bloomenergy.com/.
A telephonic replay of the conference call will be accessible for one week following the call at:
Dial in: Domestic (800) 585-8367 | International + 1 (416) 621-4642
Passcode: 5175667
The Investors section of the Bloom Energy website will also host a replay for one year following the webcast at https://investor.bloomenergy.com/.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Investor Relations:
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Media Relations:
Jennifer Duffourg
Bloom Energy
+1 (480) 341-5464
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HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly-owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 6.25% Senior Notes due 2023 (the “2023 Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on January 13, 2021 (the “Expiration Time”).
As of the Expiration Time, as reported by the tender agent, $399,164,000 aggregate principal amount of the 2023 Notes (58.09%) were validly tendered, as reported by the information agent for the Tender Offer, which excludes $4,604,000 aggregate principal amount of the 2023 Notes that remain subject to guaranteed delivery procedures. CMLP expects to accept for payment all such 2023 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for such 2023 Notes on January 21, 2021, subject to satisfaction of the conditions to the Tender Offer set forth in the offer to purchase described below, including CMLP's successful completion of its previously announced offering of senior notes.
CMLP has retained RBC Capital Markets, LLC to serve as lead dealer manager and Wells Fargo Securities, LLC to serve as co-dealer manager for the Tender Offer, and D.F. King & Co., Inc. to serve as the information agent for the Tender Offer.
The complete terms and conditions of the Tender Offer are described in the offer to purchase, dated January 6, 2021, and related notice of guaranteed delivery, copies of which are available at www.dfking.com/cmlp or may be requested from the information agent for the Tender Offer, D.F. King & Co., Inc., by telephone at (866) 416-0553 (toll free) or, for banks and brokers, (212) 269-5550, and by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Persons with questions regarding the Tender Offer should contact the lead dealer manager for the Tender Offer, RBC Capital Markets, LLC, at (877) 381-2099 (toll free) or (212) 618-7843.
This press release shall not constitute an offer to purchase, or the solicitation of an offer to buy, any securities, nor is it the solicitation for acceptance of the Tender Offer in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in CMLP’s filings with the United States Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and subsequently filed 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 reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
About Crestwood Midstream Partners LP
Houston, Texas, based CMLP is a limited partnership and wholly-owned subsidiary of CEQP that owns and operates midstream businesses in multiple shale resource plays across the United States. CMLP is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water.
Crestwood Midstream Partners LP
Investor Contact
Josh Wannarka, 713-380-3081
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Senior Vice President, Investor Relations,
ESG & Corporate Communications
Rhianna Disch, 713-380-3006
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Director, Investor Relations
New York procurement is largest new renewable energy award in U.S.
Key Facts:
NEW YORK--(BUSINESS WIRE)--#offshorewind--Today, Equinor was selected to provide New York State with offshore wind power in one of the largest renewable energy procurements in the U.S. to date.
Under the award, Equinor and incoming strategic partner bp will provide 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW of power from Beacon Wind 1 – adding to the existing commitment to provide New York with 816 MW of renewable power from Empire Wind 1 – totaling 3.3 gigawatts (GW) of power to the State. The execution of the procurement award is subject to the successful negotiation of a purchase and sale agreement, which the partnership looks forward to finalizing together with the New York State Energy Research and Development Authority (NYSERDA).
As part of the award by NYSERDA, the companies will partner with the State to transform two venerable New York ports – the South Brooklyn Marine Terminal (SBMT) and the Port of Albany – into large-scale offshore wind working industrial facilities that position New York to become an offshore wind industry hub.
“These projects will deliver homegrown, renewable electricity to New York and play a major role in the State’s ambitions of becoming a global offshore wind hub. The U.S. East Coast is one of the most attractive growth markets for offshore wind in the world. The successful bids for Empire Wind 2 and Beacon Wind 1 represent a game-changer for our offshore wind business in the U.S. and underline Equinor’s commitment to be a leading company in the energy transition. These projects will also create value through economies of scale and support our strategic ambition of becoming a global offshore wind major,” says Anders Opedal, CEO of Equinor.
“Together, Equinor and the State of New York will create a robust offshore wind supply chain capable of manufacturing, assembling, and staging these projects at scale. As Equinor works to expand its renewable energy presence across the United States and the globe, New York’s leadership clearly illustrates the transformative benefits of offshore wind on climate goals and economic activity alike. We are looking forward to developing Empire Wind and Beacon Wind together with local authorities, communities and our incoming partner bp in growing this new industry,” says Siri Espedal Kindem, President of Equinor Wind U.S.
Taken together, these offshore wind projects will help the State’s economic rebound and strengthen disadvantaged communities while helping the State achieve its nation-leading renewable energy goals.
About South Brooklyn Marine Terminal (SBMT)
About Port of Albany
About the Assets
In September 2020, Equinor and bp announced that they formed a strategic partnership for offshore wind in the U.S., and that bp will be a 50 percent partner in the Equinor-operated Empire Wind and Beacon Wind assets on the U.S. East Coast. The transaction is expected to close in early 2021.
About Equinor
Equinor is developing into a broad energy company, building a material position in renewable energy. Equinor now powers more than one million European homes with renewable offshore wind from four projects in the United Kingdom and Germany. Equinor commissioned the world’s first floating offshore wind farm in 2017 off the coast of Scotland. In the U.S., Equinor holds two lease areas, the Empire Wind lease area located approximately 20 miles south of Long Island, and the Beacon Wind lease area that lies 60 miles off the coast of Long Island.
Media:
Eskil Eriksen
Media Relations
+47 958 82 534 (mobile)
Twitter: @EquinorWindUS
HOUSTON & PARIS--(BUSINESS WIRE)--Total and 174 Power Global, a wholly owned Hanwha Group affiliate, have signed an agreement to form a 50/50 joint venture (JV) to develop 12 utility-scale solar and energy storage projects of 1.6 gigawatts (GW) cumulative capacity in the United States, transferred from 174 Power Global’s development pipeline.
The first project started production in 2020, and the remainder will be put on stream between 2022 and 2024. Located in Texas, Nevada, Oregon, Wyoming and Virginia the projects will produce clean and reliable energy across the U.S. and lead to the creation of jobs in engineering, construction and plant operations.
The JV builds on a strong partnership that combines 174 Power Global’s extensive solar project development experience in the U.S. with Total’s decade-long international expertise in the development of solar projects.
“This transaction is a first significant step for Total in the US utility scale solar market, in line with our 2025 ambition to achieve 35 GW of renewables production capacity worldwide. I am confident that this will pave the way to more opportunities in the US renewables and storage market,” said Julien Pouget, Director Renewables of Total. “I am very pleased to extend our long-standing cooperation with the Hanwha Group into renewable energies and successfully contribute to the development of solar power generation in the US”.
“We are pleased to partner with Total and see significant opportunities for our JV to expand our solar and energy storage footprint,” said 174 Power Global President and CEO, Henry Yun, PhD. “Both 174 Power Global and Total have a strong understanding of one another’s business strategies and investment standards. This is a great partnership, and we are excited to work with the Total team and further our joint commitment to clean renewable energy and low-carbon investments.”
Total, renewables and electricity
As part of its ambition to get to net zero by 2050, Total is building a portfolio of activities in renewables and electricity that could account for up to 40 percent of its sales by 2050. At the end of 2020, Total's gross power generation capacity worldwide was around 12 GW, including close to 7 GW of renewable energy. With the objective of reaching 35 GW of production capacity from renewable sources by 2025, Total will continue to expand its business to become one of the world leaders in renewable energies.
About 174 Power Global
174 Power Global is a leading solar and energy storage project developer focused on North America’s utility and C&I energy markets. The company is wholly owned by the Hanwha Group, and has offices in Houston, Irvine, California and New York City. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed over 3 gigawatts (GW) of power purchase agreements (PPAs) with more than 8 GW of additional solar projects and 10GWh of ESS projects in the development pipeline. 174 Power Global also is affiliated with Chariot Energy, a retail energy provider that provides 100% clean, renewable solar energy to the Texas market. Chariot Energy is transforming the energy supply for Texas while modernizing and simplifying the way solar energy is sold and delivered. 174 Power Global’s name was inspired by the 174 petawatts (PW) of power the earth receives from the sun at any moment.
About Total
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms “Total”, “Total Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
174 Power Global
Kelly Kimberly +1.713.822.7538 This email address is being protected from spambots. You need JavaScript enabled to view it.
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Total
Media Relations: +33 1 47 44 46 99 l This email address is being protected from spambots. You need JavaScript enabled to view it. l @TotalPress
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NORMAN, Okla.--(BUSINESS WIRE)--#CAISO--Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
PLATTE RIVER POWER AUTHORITY SELECTS PCI FOR ITS TRANSITION TO THE WESTERN ENERGY IMBALANCE MARKET (WEIM)
Platte River Power Authority (Platte River) has selected PCI to deploy multiple solutions on its integrated cloud platform as part of Platte River’s plan to join the Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator (CAISO). The contract with PCI is for a Software-as-a-Service (SaaS) solution that will provide critical functionality required for WEIM participation, including:
“Participating in the WEIM will be a significant step toward achieving the goals of our Resource Diversification Policy,” said Carol Ballantine, Director of power supply for Platte River Power Authority. “We will expand regional collaboration in a way that benefits every customer in our owner communities.”
PCI will also support important integration of Distributed Energy Resources (DERs), as part of Platte River’s Resource Diversification Policy, which calls for a 100% noncarbon energy mix by 2030.
“We are proud to have Platte River as our new premier customer and value its trust in us,” said Khai Le, PCI Senior Vice President. “For a timely and seamless transition into WEIM, our experienced and dedicated team of experts plan for a multi-stage deployment that includes our ETRM platform, followed by the WEIM-specific functionality.”
PCI’s Platform is a complete solution for energy market participants and bilateral traders, capable of being deployed on-site or in the cloud. Our WEIM-focused offering has significant benefits for various stakeholders, including:
PCI’s “out-of-the-box” WEIM solution incorporates all the required data interfaces, embedded analytics, business process automation (BPA), open data and reporting capabilities to deliver unparalleled end-to-end support for numerous business functions, while simultaneously streamlining operations through both forward-looking strategies and post-analysis.
About Platte River Power Authority
Platte River Power Authority (Platte River) is a not-for-profit utility that generates and delivers safe, reliable, environmentally responsible and financially sustainable energy and services to its owner communities of Estes Park, Fort Collins, Longmont and Loveland, Colorado. Platte River's generation portfolio includes thermal, hydro, wind and solar resources. To learn more about Platte River, please visit https://www.prpa.org/.
About Power Costs, Inc. (PCI)
PCI is the leading, worldwide provider of enterprise software, superior customer support, and value-added services to energy market participants and bilateral traders. Clients that leverage the PCI Platform include utilities (investor-owned, public power and cooperative), federal power marketers, independent power producers and energy marketers and traders. More than half of all the power generated in North America is optimized using the PCI Platform and more than 60% of Fortune 500 Utilities in the U.S. are PCI clients. The firm is privately held and based in Norman (OK) with offices in Houston (TX), Raleigh (NC) and Mexico City. To learn more, please visit PCI’s website.
Media Contact:
Stuart Wright
Power Costs, Inc. (PCI)
303-917-3565
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