EXCELSIOR, Minn.--(BUSINESS WIRE)--Excelsior Energy Capital (“Excelsior”), a leading independent North American renewable energy investor, today announced the final close of its inaugural fund, Excelsior Renewable Energy Investment Fund I LP (the “Fund”), with total capital commitments of $504 million, exceeding the Fund’s $500 million target. The Fund will continue to invest equity in middle-market wind and solar power plants across the United States and Canada.
The Fund attracted a diverse base of limited partner investors from the United States, Japan, Europe and the Middle East, representing a blue-chip roster of pension plans, fund-of-funds, diversified asset managers, leasing companies, family offices, endowments and other financial institutions.
“My partners and I are thrilled to achieve this exciting milestone, and everyone at Excelsior Energy Capital looks forward to continuing to execute on our proven strategy of investing in high-quality North American wind and solar projects,” remarked Chris Moakley, Managing Partner of Excelsior Energy Capital. “We feel incredibly fortunate to have the confidence of some of the most well-regarded limited partners in the world, and we look forward to helping them accomplish their investment and ESG objectives.”
To date, the Fund has made seven investments comprised of 27 solar and wind projects across five different U.S. states, with a combined nameplate capacity of 192 MW.
Sidley Austin LLP served as legal counsel for Excelsior on the transaction, led by Partner Karen Dewis and Associate Shannon Thompson.
Probitas Partners, Consilium Capital and The Trinity Group served as placement agents for the Fund.
About Excelsior Energy Capital
Excelsior Energy Capital is a pure-play renewable energy infrastructure fund focused on long-term investments in wind and solar power plants in North America. The Excelsior management team brings over 70 years of combined experience and a comprehensive set of strategic, financial, legal and operational expertise, making Excelsior Energy Capital a valuable partner for developers and operators, and a trusted manager for investors.
For more information about Excelsior Energy Capital, visit http://www.excelsiorcapital.com.
Alex Ellis
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DUBLIN--(BUSINESS WIRE)--The "Noble Gases - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Noble Gases Market to Reach 203.2 Billion Liters by 2027
Amid the COVID-19 crisis, the global market for Noble Gases estimated at 194.5 Billion Liters in the year 2020, is projected to reach a revised size of 203.2 Billion Liters by 2027, growing at a CAGR of 0.6% over the analysis period 2020-2027.
Helium, one of the segments analyzed in the report, is projected to record a 0.5% CAGR and reach 180.6 Billion Liters 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 Argon segment is readjusted to a revised 1.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at 52.8 Billion Liters, While China is Forecast to Grow at 1.6% CAGR
The Noble Gases market in the U.S. is estimated at 52.8 Billion Liters in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 36.8 Billion Liters by the year 2027 trailing a CAGR of 1.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.3% and 0.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately -0.1% CAGR.
Other Product Types Segment to Record 3.9% CAGR
In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of 4.5 Billion Liters in the year 2020 will reach a projected size of 5.7 Billion Liters 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 26.1 Billion Liters by the year 2027, while Latin America will expand at a 4.7% CAGR through the analysis period.
The 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:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/g7mgnb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release fourth quarter 2020 earnings results on Wednesday, January 20, 2021.
What: Kinder Morgan Fourth Quarter ’20 Earnings Results Webcast
When: January 20, 2021, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-415-228-3894 and entering the passcode 1000138.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on April 20, 2021. To access the replay, please dial 1-402-280-1657 and enter passcode 3302.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 147 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.
Dave Conover
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www.kindermorgan.com
DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Security and Service Market by Component (Solution and Services), Services, Security Type (Physical Security and Network Security), Operation (Upstream, Midstream, and Downstream), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global oil and gas security and service market size is expected to grow from an estimated value from USD 25.3 billion in 2020 to USD 32.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.
The oil and gas security and service industry is driven by various factors, such as growing political instability in Middle East and need to ensure compliance with industry regulations in oil and gas security and service market. However, high reliance on existing security solutions can hinder the growth of the market.
The recent COVID-19 pandemic is expected to impact the oil and gas security and service industry. The pandemic and subsequent response is already exerting pressure on governments, economies, households, and different industries across world. The oil and gas industry, both on shore and offshore, are mostly affected by Stuxnet and Exxon's Torrance. Fluctuation in oil prices and political instability in the MEA and APAC region have set the stage for cyber disasters in the oil and gas industry.
Service segment to grow at a higher CAGR during the forecast period
According to the deputy director of GCHQ, Brian Lord, the oil and gas industry is the second most susceptible sector to cyber-attacks. The upstream, midstream, and downstream sectors are highly digitalized, which makes them more prone to cyber-attacks. Companies are focusing more on security services to prevent such attacks. Viruses and malware are evolving daily due to which it becomes very difficult for old systems and security patches to identify threats. Consequently, organizations are updating security patches and software to secure themselves from cyber-attacks. Due to the outbreak of COVID-19, companies such as NTT Security is started offering managed services to help oil and gas companies to manage their all aspects of cybersecurity. Increase in the number of connected devices, which raises the number of endpoints, has increased cyber issues recently. Moreover, lack of awareness about oil and gas security solutions and services, difficulty in the implementation of the IT technologies, and vulnerabilities associated with the cloud have also affected the oil and gas industry, which provides growth opportunities to service providers.
Solution segment to account for a higher market share during the forecast period
Oil and gas companies, which form the backbone of many regions, are facing unprecedented challenges due to various reasons, ranging from geopolitical issues to the obstacles created by the current pandemic. Onshore wells, offshore platforms, and oil and gas pipelines constitute the key assets of energy companies and ensuring the cybersecurity of these assets is critical for companies. To comply with regulations, upkeep asset performance, and utilize business resources optimally, oil and gas companies are switching to cloud technologies. Migration to the cloud makes organizations more vulnerable to cyber-attacks, which call for proper security measures. The increasing number of mobile devices, including personal and those used by field personnel, in utility companies' corporate networks has raised the chances of cyber-attacks. Consequently, the demand for security solutions has catapulted remarkably.
Middle East and Africa to grow at the highest rate during the forecast period
The oil and gas security and service market in Middle East and Africa is expected to grow at the highest CAGR during the forecast period. The rise of various terrorist groups and militias and vacuum created due to the ineffective governments in the Middle Eastern and northern African countries is propelling the need for oil and gas security solutions. In North America, there is a tremendous demand for oil and gas security and service.
Market Dynamics
Drivers
Restraint
Opportunity
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/kznmbw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DENVER--(BUSINESS WIRE)--#LNG--The Western States and Tribal Nations Natural Gas Initiative (WSTN), a government-led collaborative effort to develop export markets for natural gas from western U.S. states and tribal lands, today announced the appointment of its first Board of Directors.
Comprised of energy experts from across the nation, WSTN's Board shapes and steers the organization’s vision to advocate for a robust, sustainable North American natural gas industry that exports gas produced under some of the world’s most stringent environmental standards.
The Board includes a member appointed by each of the organizing government agencies which signed WSTN’s foundational Memorandum of Understanding. They represent New Mexico; Utah; Wyoming; the Ute Indian Tribe; the Western Colorado Counties of Garfield, Mesa, Moffat and Rio Blanco; and the State of Baja California, Mexico. These governments lead WSTN and are the sole bodies that may appoint Board members.
The Board includes: Chairman Jason Sandel (New Mexico); Vice Chair and Government Liaison Jeffrey Hartley (Utah); Vice Chair and Industry Liaison Bobby Rolston (Wyoming); President Andrew Browning; Secretary Duane Zavadil (Colorado); and Treasurer Devin Pehrson (Ute Indian Tribe). Baja California’s appointee is pending.
“We are excited to welcome WSTN’s inaugural Board of Directors and the wealth of expertise and knowledge they bring,” Browning said. “Our board will provide invaluable insight into advancing WSTN’s three guiding principles of rural economic development, tribal self-determination and reducing global emissions by offering a lower-emitting fuel choice to growing international markets.”
Board Members:
About Western States and Tribal Nations
Western States and Tribal Nations is a unique, trans-national initiative led by, state, county and sovereign tribal nation governments focused on creating rural economic development, advancing tribal self-determination and reducing global emissions by exporting western North American natural gas to international markets that need lower-emitting fuel.
Bryson Hull
P: 202-657-2855
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Safe, reliable, accurate optical sensor technology allows utilities to mitigate grid disruption from increased renewable use
HORSEHEADS, N.Y.--(BUSINESS WIRE)--Micatu, Incorporated, a leader in optical sensing solutions, today announced a $10 million growth investment led by WAVE Equity Partners, LLC. The financing will support the company’s continued global expansion and ongoing deployment of its proprietary GridView optical sensing platform for industrial and utility grid measurement solutions.
“Our nation’s electric grid is being disrupted daily by the increasing use of renewables, and optical sensing is the best solution for averting a crisis,” said Michael Oshetski, CEO and president of Micatu. “WAVE’s investment allows us to build out Micatu’s manufacturing scale to satisfy the growing global demand of a broad range of utility customers, who need our safe, reliable, precise grid data sensors.”
“We could not be more thrilled to be joining WAVE’s portfolio of companies and take our high-fidelity performance sensing platform to the next level,” said Michael Sexton, COO and executive vice president for Micatu. “We would also like to thank England & Company, Mintz, Williams Mullen, Troutman Pepper, and Janine Ogando for their professional services and support.”
Micatu’s GridView product line provides a measurement platform that enables utilities to collect more accurate data and provide actionable insights to improve power quality and grid reliability. The optical sensors are capable of monitoring multiple voltage classes, which reduces cost and installation complexity.
Active deployments of smart grid technology are enhancing the way utilities measure complex systems such as underground networks and substations. The sensors are non-conductive, taking measurements using light passed through an optical crystal rather than passing electrons. This enables the measurement platform to replace traditional current and potential transformers while increasing crew safety, averting potential fire risk, providing more accurate and smarter management controls, and lowering capital and operational costs. With overhead, underground, and groundless options available, the sensors can be easily deployed where they are most needed to collect data and enable seamless distribution automation applications for the next generation of the grid.
“WAVE is pleased to support Micatu with growth capital,” said Mark Robinson, managing director of WAVE Equity Partners. “Having worked with the management team for more than a year and hearing applause for their unique capabilities time and again from customers, we came to appreciate their technology leadership in the market and the team’s execution capability.”
Download Micatu’s white paper HERE to learn more about how optical sensor technology can mitigate grid disruption.
About Micatu
New York-based Micatu is a next-generation optical sensing solution provider for the measurement of voltage, current, vibration, and temperature. Our solutions provide the highest data fidelity, accuracy, precision, and next-level harmonics measurements. Micatu’s GridView utility platform solution enables lower-cost deployments, maximizes integration of renewable energy, and increases data awareness for grid resilience. To learn more about Micatu’s product portfolio and industrial solutions, please visit www.micatu.com.
About WAVE Equity Partners
WAVE Equity Partners is a Boston-based private equity firm that accelerates market validated companies solving some of the world's greatest challenges in essential markets for clean energy, water, waste, food, and clean air. It specializes in breakthrough innovations in hard tech and manufacturing. For additional information, please visit www.waveep.com.
Michelle Hargis, Mercom Capital Group
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512-215-4452 (office)
817-798-5257 (mobile)
NORMAN, Okla.--(BUSINESS WIRE)--#CAISO--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:
“Joining the WEIM will expand regional collaboration in a way that benefits every Colorado customer we serve,” said Jason Frisbie, General Manager and CEO of Platte River. “We selected PCI to be our long-term software provider based on their extensive experience in successfully deploying mission-critical systems for several WEIM entities.”
“We are proud to have Platte River as our new premier customer and value its trust in us,” said Javier Martin, PCI President and Chief Operating Officer. “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 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.
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, 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, 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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DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today announced that it has joined the Hydrogen Council, a global CEO-led initiative that brings together leading companies with a united vision and long-term ambition for hydrogen to foster the clean energy transition. The Company will serve as a Steering Member of the Council.
“CF Industries shares the Hydrogen Council’s vision that hydrogen has an essential role to play in the clean energy transition,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “We believe that low-carbon ammonia is a critical enabler for the storage and transport of clean hydrogen to help meet the world’s energy needs, which is why we have committed to decarbonize the world’s largest ammonia production platform. We look forward to working with Hydrogen Council members to support the acceleration and deployment of hydrogen solutions globally.”
In October 2020, CF Industries announced a significant commitment to play a leading role in a clean energy future by decarbonizing its ammonia production platform. The Company intends to enable the use of clean hydrogen for energy by leveraging its current asset base and technical expertise to produce zero-carbon (green) and low-carbon ammonia. Ammonia, which is composed of three-parts hydrogen and one-part nitrogen, is a highly efficient transport and storage mechanism for hydrogen as well as a fuel in its own right.
In addition to joining the Hydrogen Council, the Company has announced an initial green ammonia project at the company’s flagship Donaldsonville Nitrogen Complex to produce approximately 20,000 tons per year of green ammonia. The Company will install a state-of-the-art electrolysis system at Donaldsonville to generate carbon-free hydrogen from water that will then be supplied to an existing plant to produce green ammonia. Additionally, CF Industries is developing carbon capture and storage (CCS) and other carbon abatement projects across its production facilities that will enable CF to produce low-carbon ammonia.
For more information on the Company’s clean energy commitment: http://www.cfindustries.com/who-we-are/clean-energy-economy-opportunity. For more information on the Hydrogen Council: http://www.hydrogencouncil.com.
About CF Industries Holdings, Inc.
CF Industries is a leading global manufacturer of hydrogen and nitrogen products for clean energy, emissions abatement, fertilizer, and other industrial applications. We operate manufacturing complexes in the United States, Canada, and the United Kingdom, which are among the most cost-advantaged, efficient, and flexible in the world and an unparalleled storage, transportation and distribution network in North America. Our 3,000 employees focus on safe and reliable operations, environmental stewardship and disciplined capital and corporate management, driving our strategy to leverage and sustainably grow the world’s most advantaged hydrogen and nitrogen platform to serve customers, creating long-term shareholder value. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
Media
Chris Close
Director, Corporate Communications
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Martin Jarosick
Vice President, Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "Global Nacelle-Mounted Light Detection and Ranging (LIDAR) Systems Market for Wind Industry 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The nacelle-mounted lidar systems market for wind industry market is poised to grow by $15.95 million during 2021-2025 progressing at a CAGR of 5% during the forecast period.
This report on the nacelle-mounted lidar systems market for wind industry 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 increase in the hub height and need for effective turbine performance management.
The nacelle-mounted lidar systems market for wind industry market analysis includes application segment and geographical landscapes. This study identifies the growing adoption of the LIDAR technology as one of the prime reasons driving the nacelle-mounted lidar systems market for wind industry market growth during the next few years.
The analyst 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.
Companies Mentioned
This report on the nacelle-mounted lidar systems market for wind industry market covers the following areas:
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 analyst 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 report provides 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
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/cdkdl8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer”) today announced that Pioneer has completed its previously announced acquisition of Parsley Energy, Inc. (NYSE:PE) (“Parsley”) following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction.
At the special meeting of Pioneer stockholders held today, more than 99% of the shares of Pioneer common stock voting at the special meeting were cast in favor of the issuance of Pioneer common stock in connection with the transaction. At the special meeting of Parsley stockholders held today, more than 99% of the shares of Parsley common stock voting at the special meeting (and approximately 89% of the total outstanding shares) were cast in favor of the transaction.
As previously announced, Parsley stockholders will receive 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. After the close of trading today, Parsley Class A common stock will no longer be listed for trading on the New York Stock Exchange.
In addition, in connection with the closing of the transaction, Matthew Gallagher and A.R. Alameddine have joined the Pioneer board of directors. Mr. Gallagher and Mr. Alameddine each served on Parsley’s board of directors until the closing of the transaction.
Scott D. Sheffield, CEO, stated, “We are excited to close our transaction with Parsley and begin delivering on the significant synergies provided by this combination. The transaction is expected to further strengthen our investment framework by improving our free cash flow profile and enhancing return of capital to shareholders. We appreciate the strong support from shareholders and are confident in the tangible and durable value created through this transaction, forming the premier Permian independent energy company.”
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 the combined company 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, the risk that Pioneer’s and Parsley’s businesses will not be integrated successfully; the risk that the cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the effect of future regulatory or legislative actions on Pioneer or the industries in which it operates, including the risk of new restrictions with respect to development activities; the risk that the credit ratings of the combined company or its subsidiaries may be different from what Pioneer expects; potential liability resulting from pending or future litigation; changes in the general economic environment, or social or political conditions, that could affect the businesses; volatility of commodity prices; product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity; competition; the ability to obtain environmental and other permits and the timing thereof; other government regulation or action; the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms; the costs and results of drilling and operations; availability of equipment, services, resources and personnel required to perform Pioneer’s drilling and operating activities; access to and availability of transportation, processing, fractionation, refining, storage and export facilities; 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; quality of technical data; environmental and weather risks, including the possible impacts of climate change; cybersecurity risks; and acts of war or terrorism. These and other risks are described in Pioneer’s and Parsley’s Annual Reports 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 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 the combined company. 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
HALIFAX, Nova Scotia--(BUSINESS WIRE)--On January 13, 2021, the Board of Directors of Emera Inc. (TSX: EMA) approved quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after February 16, 2021 to the applicable shareholders of record at the close of business on February 2, 2021, as follows:
Emera Inc. hereby notifies the shareholders of its common shares and its First Preferred Shares that such dividends declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Ken McOnie, 902-428-6945
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or
Erin Power, 902-428-6760
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39.5 GW of large-scale solar projects were acquired in 2020
AUSTIN, Texas--(BUSINESS WIRE)--Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2020.
Total corporate funding into the solar sector globally, including venture capital and private equity (VC), debt financing, and public market financing, came to $14.5 billion, a 24% increase compared to the $11.7 billion in 2019.
To learn more about Mercom’s 2020 Solar Funding and M&A Report, visit: https://mercomcapital.com/product/2020-q4-annual-solar-funding-ma-report/
CHART: Solar Corporate Funding 2010-2020
“Following a tough first half when corporate funding was down 25% year-over-year, recovery has been swift and broad, with corporate funding up 24% for the year. Publicly-traded solar companies had an unprecedented year. The solar ETF was up 225%, with 15 solar stocks up over 100% in 2020. Public market funding was also up with the help of several IPOs, and debt financing was up on the back of securitization deals. Solar asset acquisitions were at an all-time high in a pandemic year and have become even more sought-after as an investment haven, especially in the uncertain COVID economy,” said Raj Prabhu, CEO of Mercom Capital Group.
Global VC funding in the solar sector in 2020 came to $1.2 billion in 41 deals, compared to $1.4 billion in 53 deals in 2019.
CHART: Solar VC Funding 2010-2020
Of the $1.2 billion in VC funding raised in 41 deals in 2020, $1.1 billion went to 27 Solar Downstream companies, $61 million for Solar Service Providers, $17 million for PV companies, $15 million for Balance of System (BOS) companies, $15 million for Thin Film Technology companies, and $5.5 million for Concentrator photovoltaics (CPV) companies.
CHART: Top VC/PE Funded Solar Companies 2020
The top VC funded companies in 2020 were Ayana Renewable Power with $390 million, Silicon Ranch Corporation with $225 million, Brighte with $76 million, Sunseap Group with $72 million, and Aurora Solar and Zero Mass Water with $50 million each.
There were 102 VC and PE investors that participated in funding deals in 2020.
Public market financing was up 101% with $5.1 billion in 2020.
In 2020, announced debt financing came to $8.3 billion. Eight securitization deals totaling $2.2 billion were recorded in 2020, the largest amount in a year.
62 Merger and Acquisition (M&A) deals were transacted in the solar sector in 2020 compared to 65 in 2019. Most of the transactions involved Solar Downstream companies.
CHART: Solar Top 5 M&A Transactions in 2020
There were 231 large-scale solar project acquisitions in 2020 compared to 192 transactions in 2019.
A record 39.5 GW of large-scale solar projects changed hands in 2020 compared to 26.1 GW in 2019. This was the largest amount of projects acquired in a single year to date.
CHART: Solar Large-Scale Project Acquisitions 2010-2020
375 companies and investors are covered in this 127-page report, which contains 102 charts, graphs, and tables.
To learn more about Mercom’s 2020 Solar Funding and M&A Report, visit: https://mercomcapital.com/product/2020-q4-annual-solar-funding-ma-report/
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence and overall strategic decision-making. https://www.mercomcapital.com
Follow Mercom Capital on Twitter, Facebook and LinkedIn
Wendy Prabhu
Mercom Capital Group
Tel: 1.512.215.4452
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Rail-served locations feature proximity to all of the Southeast, great infrastructure and access to a well-trained workforce
DENVER--(BUSINESS WIRE)--OmniTRAX Inc., a comprehensive logistics solutions provider and affiliate of The Broe Group, is working with the Economic Development office of the City of Washington, Ga. to bring its Rail-Ready Sites program to the Georgia Woodlands Railroad (GWRC). The OmniTRAX Rail-Ready Sites program connects companies looking to maximize supply chain performance with rail-served properties.
OmniTRAX and Washington are initially marketing three rail-served sites on the GWRC, ranging from 19 to 59 acres, that can be combined into one site totaling 128 acres, all ready for industrial development. The GWRC interchanges with CSX in Barnett, Ga. and provides numerous customers with regional logistics services, including bulk transfer-distribution and railcar storage.
“With great infrastructure that includes some of the fastest broadband in rural Georgia, Washington is a great location for a wide variety of companies, particularly those related to the timber industry. The region has a highly trained and eager workforce, and OmniTRAX is committed to drawing businesses that will benefit from rail-served sites,” said Justin Strickland, Director of Industrial Development at OmniTRAX.
Washington and Wilkes County are attractive locations for wood products finishing, wood product manufacturing, paper manufacturing, small-to-medium sized advanced process manufacturing, plastics manufacturing, textile mills, apparel manufacturing, agricultural processing, transportation equipment manufacturing and fabricated metal product manufacturing industries. To review the available sites and learn more about how OmniTRAX helps companies locate on rail-served properties, visit this link.
“Washington and Wilkes County have all the amenities of a larger city with hometown feel. We look forward to working with OmniTRAX and the Georgia Woodlands Railroad to attract world-class operations to the area,” said Janet Parker, Economic Development Director, Washington, Ga.
About OmniTRAX, Inc.
As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX's core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.
About The Broe Group
Based in Denver, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar real estate, transportation, energy and investment organization with assets owned and managed across North America. Together, Broe managed companies employ more than 1,000 people and support employment of thousands of others through operations such as its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is one of North America’s largest private railroad and transportation management companies specializing in: management services, railroad and port services, intermodal solutions and industrial switching operations. Its energy affiliates include Great Western Petroleum LLC, the largest private operator in the third most prolific U.S. basin. Broe Real Estate Group acquires, develops and manages office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group also has multiple investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, visit broe.com.
Media Contact:
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RAM Communications
+1 908.272.3930
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SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced that Steven A. Gitlin, chief marketing officer and vice president of investor relations, will present virtually at the Needham Virtual Growth Conference on Thursday, January 14, 2021 at 12:30 p.m. PT / 3:30 p.m. ET.
A live audio webcast of the presentation will be available in the Events and Presentations section of the AeroVironment website at https://investor.avinc.com/events-and-presentations. A replay of the webcast will be available for 90 days.
About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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AeroVironment, Inc.
Makayla Thomas
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HOUSTON--(BUSINESS WIRE)--EIV Capital, LLC (“EIV”), an energy focused private equity firm, and ARM Energy Holdings, LLC (“ARM”), a premier producer services firm providing innovative solutions across the energy value chain, today announced a partnership to establish ARM Resource Partners, LLC (“ARM Resources”), an upstream joint venture that will focus on making certain investments in various non-operating working interests, producing and non-producing mineral interests, royalty interests and other passive investments within the United States.
ARM Resources will be led by Claire Harvey, an industry and investment veteran, who most recently founded Gryphon Oil and Gas, a Blackstone-sponsored company focused on acquiring non-operated oil and gas interests in the Permian Basin. Mrs. Harvey commented, “I am excited to lead the ARM Resources team as we partner with EIV to build a best-in-class upstream investment platform focused on acquiring passive oil and gas interests across the Lower 48. The combination of EIV’s investment expertise and backing, along with ARM’s decades-long, proven track record of providing outstanding advice and service to its clients makes this venture advantageous for both ARM’s current client base and new producers.”
Greg Davis, EIV Partner, said, “We are grateful to announce the formation of ARM Resources and our new partnership with Claire Harvey and ARM. This strategic combination of talented leadership creates an ideal platform to access upstream opportunities during, what EIV views as, a compelling time to invest. We look forward to helping producers meet their strategic needs and working collectively to navigate challenging times.”
Zach Lee, Chief Executive Officer of ARM, said “We are elated to partner with EIV on this important venture, especially during this critical time in our industry. We feel strongly that the risk-reward paradigm in upstream oil and gas has never been better and we are confident we can provide win-win solutions for our producer partners and for ARM Resources. Additionally, we are pleased to welcome Claire Harvey to the ARM family, as we have known and respected her for years.”
About EIV Capital, LLC
Founded in 2009, EIV Capital, LLC is a Houston-based private equity firm specializing in providing growth equity to the North American energy industry. EIV focuses on midstream and related service businesses with an emphasis on energy infrastructure and businesses involved in the processing, transportation, storage, or conversion of oil, natural gas, renewable fuels and refined products. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain. For more information, please visit www.eivcapital.com.
About ARM Energy Holdings, LLC
Headquartered in Houston, with offices in Calgary and Denver, ARM Energy Holdings, LLC is a premier producer services firm, active in every sector of the energy value chain across all major North American oil and gas basins. Its integrated, diversified portfolio includes Asset Risk Management, LLC, providing risk management and hedging strategies for producers; ARM Energy Management LLC, providing physical oil and gas marketing, transportation and asset management services and trading; and ARM
Midstream, LLC, providing midstream investment, infrastructure development and operations. For more information, please visit www.armenergy.com.
ARM Energy
Sard Verbinnen & Co.
Kelly Kimberly, +1 713 822 7538
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EIV Capital
Greg Davis
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LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announced today that Alf Melin has been named Executive Vice President and Chief Financial Officer, effective January 25, 2021.
Mr. Melin has been with the Company since 1995 and has held multiple leadership positions in finance, treasury and operations. He currently serves as Senior Vice President, Finance Operations, where he is responsible for the Company’s global finance activities across all segments. Additionally, he has direct oversight of finance operations for the Subsea segment. Prior to this, he held various operational roles, including Senior Vice President, Surface Americas, and General Manager, Fluid Control. A graduate of Lund University in Sweden, Mr. Melin’s service with the Company includes eight years in various global locations.
This appointment follows the resignation, also effective January 25, 2021, of Maryann Mannen as Executive Vice President and Chief Financial Officer, who is leaving the Company to pursue an identified opportunity.
Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated, “I am pleased to announce Alf Melin’s appointment to Executive Vice President and Chief Financial Officer of TechnipFMC. He has made significant contributions in the development of the Company’s current finance organization, making him a natural successor. I am confident that Alf’s extensive financial experience and deep operational knowledge of our Subsea and Surface Technologies businesses have prepared him well to lead the finance organization of TechnipFMC.”
“Finally, I would like to thank Maryann for the many contributions she has made throughout her 35 year career with TechnipFMC, culminating in our planned separation into two industry-leading publicly traded companies. This allows for a natural leadership succession to occur. I wish her all the best in her new role.”
Important Information for Investors and Securityholders
Forward-looking statements
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Words such as “expect,” “plan,” “intend,” “would,” “will,” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, and include any statements with respect to the potential separation of the Company into TechnipFMC and Technip Energies, the expected financial and operational results of TechnipFMC and Technip Energies after the potential separation and expectations regarding TechnipFMC’s and Technip Energies’ respective capital structures, businesses or organizations after the potential separation. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, our filings with the Autorité des marchés financiers or the U.K. Financial Conduct Authority, as well as the following:
We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a global leader in the energy industry, delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 36,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President Investor Relations
+1 281 260 3665
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Director Investor Relations (Europe)
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DUBLIN--(BUSINESS WIRE)--The "Hydraulic Workover Unit - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Hydraulic Workover Unit market accounted for $9.99 billion in 2019 and is expected to reach $15.80 billion by 2027 growing at a CAGR of 5.9% during the forecast period.
Increasing shale gas production activities and upsurge in oil & gas production after the decline in oil prices are the major factors propelling market growth. However, the growing focus on renewable energy is hampering market growth.
Hydraulic workover units are portable pulling systems that offer different benefits for onshore and offshore installations. Hydraulic workover unit is used as a substitute to workover rigs & conventional drilling. They are mainly used in drilling, repairing, and completing wells in and around shores.
Based on the services, the workover segment is going to have lucrative growth during the forecast period due to the highest growing segment in the hydraulic workover unit market. The services carried out by the hydraulic workover units are completions/workover, plug & abandonments, ESP completion, sand screen installations, well deepening, fishing/clean-outs, casing repairs, and others. Furthermore hydraulic workover can be used to install or remove tubular (pipes) in or out of dead wells.
By geography, North America is going to have lucrative growth during the forecast period due to increasing shale gas production activities. The Hydraulic Workover Unit Market is driven by the growth in unconventional resources in the US and Canada and demand from the onshore & offshore fields in the Gulf of Mexico. The Gulf of Mexico is one of the most important sources of conventional oil & gas in the North American region.
Companies Mentioned
What the report offers:
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hydraulic Workover Unit Market, By Type
5.1 Introduction
5.2 Vacuum
5.3 Ultraviolet Sterilization
5.4 High Temperature Sterilization
6 Global Hydraulic Workover Unit Market, By Installation
6.1 Introduction
6.2 Skid Mount
6.3 Trailer Mount
7 Global Hydraulic Workover Unit Market, By Service
7.1 Introduction
7.2 Snubbing
7.3 Workover
8 Global Hydraulic Workover Unit Market, By Capacity
8.1 Introduction
8.2 0-50 Tonne
8.3 50-150 Tonne
8.4 Above 150 Tonne
9 Global Hydraulic Workover Unit Market, By Application
9.1 Introduction
9.2 Business Use
9.3 Home Use
9.4 Offshore
9.5 Onshore
10 Global Hydraulic Workover Unit Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/d0xoux
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Establishing a solid foundation to execute the long-term growth plan
SOUTH BURLINGTON, Vt.--(BUSINESS WIRE)--$PECK #electricvehicle--The Peck Company Holdings, Inc. (Nasdaq: PECK) (Peck or the “Company”) today announced it has closed a registered direct offering of 840,000 shares of its common stock at a purchase price of $12.50. The gross proceeds of the offering are approximately $10,500,000 before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for general corporate purposes, including, among other things, working capital, product development, acquisitions, capital expenditures, and other business opportunities.
Jeffrey Peck, Chairman of the Board and CEO, commented, “We have been serving our customers for nearly 50 years, and entering the public market in 2019 was part of our long-term growth strategy. We have grown revenue for our EPC business, established a green bond partnership to finance developmental projects to support our recurring revenue, and now we are about to re-brand as 'iSun Energy' and launch innovative products in the electric vehicle and other markets. We have been disciplined in the management of our balance sheet and feel this opportunity will support our strategic initiatives while increasing overall shareholder value.”
A.G.P./Alliance Global Partners acted as sole placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333- 251154) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Peck
Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 200 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.
Forward Looking Statements
This press release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
The Peck Company Holdings Investor Contact:
Michael d’Amato
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Phone: 802-264-2040
DUBLIN--(BUSINESS WIRE)--The "Maritime Satellite Communication - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Maritime Satellite Communication market accounted for $2.19 billion in 2019 and is expected to reach $4.31 billion by 2027 growing at a CAGR of 8.8% during the forecast period.
Increasing demand for broadband connections and VSAT connectivity, and high-throughput satellites to unlock cloud and IoT services are the major factors propelling market growth. However, lack of awareness about advanced maritime satellite services is hampering market growth.
Satellite communication technologies help to track the ships and cargo through the globe. VSAT terminals are communication terminals that allow transmitting and receiving text, audio, and video data using satellite broadband Internet services. These terminals operate as geostationary satellites on Ku, Ka, and C bands
Based on the end user, the commercial vessel segment is going to have lucrative growth during the forecast period due to the rising in trade activities using commercial vessels. Maritime trade continues to expand and bringing benefits for consumers across the globe through competitive logistics costs. With rising manufacturing and global trade, there has been a rise in the number of marine vessels added to the existing fleet. By geography, Asia Pacific is going to have lucrative growth during the forecast period due to high demands, specifically in the oil and gas, merchant shipping, mining, and passenger shipping verticals. The APAC region is implementing maritime satellite communication solutions significantly.
Companies Mentioned
What the report offers:
Key Topics Covered:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Maritime Satellite Communication Market, By Type
5.1 Introduction
5.2 Detectors
5.3 Surveillance and Tracking
6 Global Maritime Satellite Communication Market, By Component
6.1 Introduction
6.2 Hardware
6.3 Solution
6.3.1 Very Small Aperture Terminal (VSAT)
6.3.1.1 Ku-band
6.3.1.2 C-band
6.3.1.3 Ka-band
6.3.2 Mobile Satellite Service (MSS)
6.4 Service
6.4.1 Tracking and Monitoring
6.4.2 Video
6.4.3 Data
6.4.4 Voice
7 Global Maritime Satellite Communication Market, By Application
7.1 Introduction
7.2 Perioperative Care
7.3 Intensive Care Units
7.4 Neurological Care Units
7.5 Coronary Care Units
7.6 Acute/Critical Care
8 Global Maritime Satellite Communication Market, By End User
8.1 Introduction
8.2 Coastal Security Services
8.3 Construction
8.4 Government
8.5 Fishing
8.6 Manufacturing
8.7 Leisure Vessel
8.8 Merchant Shipping
8.9 Naval Forces
8.10 Offshore Oil Rigs and Support Vessels
8.11 Passenger Ships
8.12 Commercial Ship
8.13 Naval Vessel
8.14 Commercial Vessels
9 Global Maritime Satellite Communication Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/y7e8sp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Consolidated Asset Management Services (CAMS) today announced that it has acquired the U.S. solar operations and maintenance (O&M) business of Belectric Inc. The Belectric portfolio includes 141 operating sites in 11 states.
With extensive O&M and Asset Management experience in renewable power generation, CAMS sees this solar O&M transaction as a natural extension of its existing offerings. With this acquisition, CAMS continues to execute its strategy of advancing its renewable energy footprint and leads the way in providing a full range of services to its customers.
“We are excited to grow our regional presence in the solar power industry,” said Greg Bobrow, COO of CAMS. “The purchase of Belectric compliments and further strengthens our existing capabilities and markets in the power generation industry. It integrates seamlessly into the CAMS suite of solutions that are focused on and guided by sustainability.”
CAMS has long prioritized the development of renewable energy resources, both for reducing emissions and supplementing existing electricity generation. Since its establishment in 2007, CAMS has expanded its presence in renewables generation (wind, solar, battery storage) representing approximately 3,500 MWs of generating capacity, with offsetting emissions estimated at 8.2 million tons of C02 annually. CAMS brings its existing technical, EH&S, regulatory, and other areas of expertise and best practices to efficiently and safely support this solar power generation market.
“Our company and our customers are increasingly focused on the transition of energy generation towards renewable sources,” Bobrow added. “CAMS always looks for ways to support an improved environment while at the same time providing cost savings and creating value for our customers. We at CAMS look forward to a growing marketing presence in the solar energy space.”
About CAMS
CAMS is a privately held company providing a full range of services in the energy sector. These services include lifecycle management of Environmental, Social, and Governance (ESG) issues for all facility and industry types. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.
About Belectric
Belectric Inc. is part of the BELECTRIC Group, one of the most successful enterprises in the development, construction and Operations & Maintenance of utility scale solar power plants. BELECTRIC has constructed globally over 400 solar PV power plants with over 3.0 GW of installed capacity.
Corporate Communications
Consolidated Asset Management Services
Deanna Werner
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