VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #RNG--Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) a leading global provider of biogas upgrading systems, is pleased to announce that Brad Douville, Chief Executive Officer, will present at the 13th Annual LD Micro Main Event Conference on December 15th, 2020 at 2:30 p.m. (Eastern Time).
Interested parties can register to attend at the following link: https://ve.mysequire.com/
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 110 biogas upgrading systems supplied into 18 countries worldwide, including the world’s largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers, gas utilities or project developers turn a low-value product into a high-value low-carbon renewable resource. For further information, please visit www.greenlanerenewables.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
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DUBLIN--(BUSINESS WIRE)--The "Ensuring the Discovery of Oil is a Blessing not a Curse to the Local Communities: An Insight Into the Paradox of Plenty" report has been added to ResearchAndMarkets.com's offering.
This report analyzes the fascinating subject of the paradox of plenty, whereby the discovery of a natural resource such as oil results in more harm than good in terms of the livelihoods of the local communities.
The resource curse, also known as the "paradox of plenty" has been a much-debated topic in research spanning many decades.
What is broadly agreed is:
Broadly speaking, countries that have succeeded are known to have invested in making long-term, strategic development plans to ensure the discovery of oil creates long-term, sustainable livelihoods for their people.
What the Report Offers
The report is intended to provide a holistic insight into the multiple, and often complex factors at play when discussing the resource curse. Increased awareness of these factors will help industry players, governments and local communities develop an appreciation of the breadth of variables worth considering.
This will arguably increase the chances of effective governance frameworks being developed to ensure the discovery of resources subsequently leads to an improvement in the livelihoods of the people in the local and wider communities. Whilst the report focuses on the impact of oil discovery on the livelihoods of local communities, similar arguments are applicable to the discovery of other natural resources such as minerals. The study looks at both the resource curse approach, including factors like over-reliance, as well as the institutional approach, exploring factors such as politics and conflict.
Key Areas Explored
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/9xva62
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Blue Racer Midstream, LLC (“Blue Racer”) and its wholly owned subsidiary Blue Racer Finance Corp. today announced the pricing of the previously announced offering (the “Notes Offering”) of their senior notes due 2025 (the “senior notes”), which was upsized to $600 million in aggregate principal amount from the originally proposed $550 million offering. The senior notes, which priced at par, will mature on December 15, 2025 and will pay an annual interest rate of 7.625%.
The Notes Offering is expected to close on December 23, 2020, subject to customary closing conditions. Blue Racer intends to use the net proceeds from the sale of the senior notes and borrowings under its revolving credit facility to fund its obligations under the separately announced tender offer (the “Tender Offer”) for any and all of its outstanding 6.125% senior notes due 2022, including fees and expenses in connection therewith, or to redeem any of the 6.125% senior notes due 2022 that remain outstanding thereafter. The Notes Offering is not conditioned on the consummation of the Tender Offer. The Tender Offer is conditioned on, among other things, the consummation of the Notes Offering.
The senior notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy any of the senior notes, except as required by law.
Forward-Looking Statements
This press release may include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that Blue Racer expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by Blue Racer based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. Blue Racer undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the issuance of this press release.
Casey Nikoloric, Managing Principal, TEN|10 Group
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Leading Power Expert Will Expand Solutions for Power Generators and Digital Asset Miners
BOSTON--(BUSINESS WIRE)--Next-generation digital asset financial services firm BitOoda announced it has hired Ben Pratt as the company’s new Chief Power Strategist as the firm continues to drive the advancement of the digital asset mining financial services ecosystem.
Ben was most recently Senior Managing Director of Uniper Global Commodities NA where he headed the North America power business, including the firm’s effort to originate, price and monetize hedging solutions with power industry participants. His physical trading management background and strong fundamental knowledge base across all U.S. power regions enables him to provide unique risk and structuring insights.
At BitOoda, Ben will focus on broadening BitOoda’s groundbreaking work establishing the industry’s first hashpower market trading infrastructure to provide added value both for BitOoda’s mining clients and also for independent power providers throughout North America.
“We are thrilled to be adding an expert of Ben’s caliber to the BitOoda team. Ben will enable us to further solidify our position as the market leader in the development and execution of strategies at the nexus of digital assets, compute infrastructure, and power providers,” BitOoda CEO Tim Kelly stated.
Ben Pratt added, “I am excited for the opportunity to join BitOoda’s world-class team and look forward to applying my experience in the global power markets to offer new ways for power providers to monetize their capacity while exposing them to an exciting new asset class.”
Contact This email address is being protected from spambots. You need JavaScript enabled to view it. to explore opportunities for power generators to increase profit margins by optimizing load stability and optionality through Bitcoin mining, and for miners to structure hedging and risk management strategies that effectively manage their exposure and gain access to new sources of capital.
About BitOoda: BitOoda Holdings Inc. is a global financial services platform with a mission to accelerate the adoption of transformational technologies by promoting transparent and efficient marketplaces through innovative and professional capital markets solutions. BitOoda’s subsidiaries include Ooda Commodities LLC, a CFTC/NFA-registered Introducing Broker; BitOoda Technologies LLC, an SEC/FINRA-registered Broker-Dealer; and BitOoda Digital LLC, which has applied for a NY DFS BitLicense. BitOoda HashTM, BitOoda Difficulty®, and BitOoda Bitcoin Transaction FeeTM are trademarks of BitOoda Holdings Inc. For more information, please visit www.bitooda.io or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Tom Nath
BitOoda Holdings, Inc.
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New SCE white paper points out that the effects of climate change also are driving needed grid evolution
ROSEMEAD, Calif.--(BUSINESS WIRE)--Fundamental changes in how the electric power grid is planned, designed, built and operated are necessary to meet future challenges that are arriving quickly. Those challenges are created by changes in electricity use and in the sources of energy connected to the grid, including greatly expanded use of electric vehicles and growth in large-scale solar power and energy storage, fundamental to California’s clean energy future. Technology advancements in software and hardware have fostered continued progress in strengthening and modernizing the grid, while the underlying design and architecture of the grid have not evolved at the same pace. This is according to Reimagining the Grid, a new white paper published by Southern California Edison (SCE).
“Just as Pathway 2045 is SCE’s roadmap for enabling a clean energy future for California, Reimagining the Grid is a comprehensive assessment to address how the grid must change,” said Kevin Payne, president and CEO of SCE. “We are working to make sure the electric system is ready for the major shifts in how customers will use electricity to support California’s ambitious greenhouse gas reduction goals.”
Reimagining the Grid points out that a significant increase in electric vehicles and distributed energy resources such as customer-sited solar and battery storage – paired with the growth of large-scale renewable energy resources that are more variable in nature – will require the electric grid to manage a growing set of challenges. The changing climate is affecting customers’ power usage patterns, as well as the availability of energy resources, including energy imported from other states whose own power needs are changing. Climate-change effects also could diminish the performance, reliability and lifespan of grid equipment. “As electricity fuels a larger part of the economy, we must reimagine what the grid should look like in the future and how it will need to function in new ways to meet expanded needs,” Payne added.
“Our approach needs to shift from a focus on system-wide reliability standards to one that meets multiple objectives based on specific, localized needs,” said Payne. Key changes for SCE include recognizing the increasing diversity of different regions' needs and moving from uniform grid architectures to more region-specific, modular grid designs.
The grid’s technological capabilities will need to be reimagined and include advanced sensors, high-speed/high-volume communications, edge computing, predictive analytics and artificial intelligence. SCE foresees integrating information/operational technologies into a common, shared operating platform deployed across the system, with advanced cybersecurity and the ability to seamlessly package and deploy future technologies and hardware for location-specific needs.
SCE is planning to respond to challenges and reduce uncertainty with an adaptive, agile grid planning approach to account for different scenarios. To enable this, SCE is working today to strengthen its ability to anticipate changes, accelerate critical technologies and enhance our planning tools and processes. “We cannot do this alone,” Payne said. “Stronger alignment, broader reach and deeper collaboration with stakeholders will be key for future grid designs, standards and infrastructure planning.”
Reimagining the Grid is online: https://www.edison.com/ReimaginingtheGrid.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Media Contact:
Jeff Monford, (626) 476-8120
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced that its Board of Directors has appointed Rose Robeson as an independent director on the Board, effective December 10, 2020.
Ms. Robeson brings 32 years of experience in the energy industry, most recently as chief financial officer of DCP Midstream, the largest natural gas liquids (NGL) producer and gas processor in the United States. An SEC Audit Committee Financial Expert, she currently serves on the boards of three other publicly traded energy companies where she chairs two audit committees and serves on a third. In addition, she serves on an environmental, social and governance committee as well as other board committees.
At Williams, Robeson will serve as a member of the Board’s Compensation and Management Development Committee and the Environmental, Health and Safety Committee.
“The Williams Board is pleased to welcome an outstanding new director in Rose, who brings tremendous financial expertise and deep industry experience from across the energy value chain,” said Stephen W. Bergstrom, chairman of the Williams Board of Directors. “Rose’s accomplished career and commitment to strong corporate governance makes her an excellent addition to the growing diversity of the Williams Board and positions the company to continue to deliver long-term, sustainable value and growth for our shareholders.”
With Ms. Robeson’s appointment, the Williams Board of Directors consists of 12 members, 11 of whom are independent.
About Rose Robeson
Ms. Robeson served as chief financial officer of DCP Midstream LLC from January 2002 to May 2012. She also served as the chief financial officer of DCP Midstream GP LLC, the general partner of DCP Midstream Partners, LP, from May 2012 until January 2014. She previously held finance positions of increasing responsibility with Kinder Morgan, Total Petroleum, Inc. and Ernst & Young. Ms. Robeson holds a Bachelor of Science degree in accounting from the Northwest Missouri State University and became a certified public accountant in 1983. Recognized to the “Top Women in Energy – 2014” by the Denver Business Journal, Ms. Robeson is a member of the board of directors of SM Energy, Antero Midstream Corporation and Newpark Resources, Inc.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
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$14 million decrease is fifth decrease in 10 years
CHICAGO--(BUSINESS WIRE)--The Illinois Commerce Commission today approved ComEd’s request for a $14 million decrease in delivery service charges in 2021 compared to rates in effect this past January. The approval comes after an eight-month proceeding in which regulators, the Illinois Attorney General, the Illinois Industrial Energy Consumers, the Citizens Utility Board and others review the costs and investments that determine customer rates. It marks ComEd’s fifth rate decrease in the past 10 years.
The new delivery rate will lower residential customer bills by about $1 per month. This will result in an average monthly bill of close to $82, which is lower than customer bills in 2008. Energy supply charges account for almost half of the monthly residential bill, and ComEd does not mark up or profit on these costs.
“Families and businesses need to be able to count on reliable energy at this uncertain time, and they need to have confidence that we’re doing everything we can to keep our costs low and bills manageable,” said Joe Dominguez, CEO of ComEd. “I’m proud that we’re able to provide a third rate decrease in a row during this public health crisis. The 6,000 women and men of ComEd have worked to implement smart grid investments that are consistently providing record reliability, efficiencies and savings that we pass on to our customers.”
ComEd’s total average monthly residential rate of 13.05 per kilowatt hour (kWh) is 10% below the average of the top 20 U.S. metro areas by population, according to rates reported by the Edison Electric Institute for the 12 months ending in December 2019. ComEd’s average industrial rate of 7.37 cents per kWh is 21% below the top 20 average, and its average commercial rate of 9.79 cents per kWh is 18% below the top 20 average.
ComEd customers are directly benefiting from fewer and shorter power outages as reliability has improved more than 70% since the smart grid program began in 2012. Customers captured $655 million in direct economic value from avoided customer interruptions between the key smart grid investment years of 2012 to 2017. The avoided outages have resulted in $2.4 billion in societal savings and 94 million pounds of avoided greenhouse gas pollution.
Also contributing to lower rates are energy efficiency programs that have helped ComEd customers save $5.2 billion on their energy bills since 2008, in addition to avoiding more than 55 billion pounds of carbon emissions, the equivalent of taking more than 5.4 million cars off the road. While ComEd customers will pay roughly half as much for energy efficiency next year as they did before Illinois implemented the Future Energy Jobs Act (FEJA) in 2017, they will save significantly more: In just three years under FEJA, energy efficiency investments have saved customers almost as much as they did in the 10 years before the law was implemented.
Investments recovered in this year’s proceeding include fiber optics communication technology to enable monitoring and control of transmission and distribution networks, reduce frequency and duration of outages and support grid security. Investments also include digital substation upgrades to enhance resiliency and add more renewable energy sources; and voltage optimization which creates up to 2% in annual savings for an average residential customer. ComEd also has been making grid investments to support some of the world’s largest data center operators, who are expanding or relocating to the Chicago area because of the superior reliability of the electric system and competitive rates.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter and YouTube.
ComEd Media Relations
312-394-3500
LONDON--(BUSINESS WIRE)--#apac--The Gas Turbines Market is poised to experience spend growth of more than USD 2.78 billion between 2020-2024 at a CAGR of over 2.79%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Read the 120-page research report with TOC and LOE on "Gas Turbines Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Gas Turbines Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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LONDON--(BUSINESS WIRE)--#Technavio--The commercial aircraft gas turbine engine market is expected to grow by USD 15.84 billion, progressing at a CAGR of almost 6% during the forecast period.
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The advancements in engine technologies is one of the major factors propelling market growth. However, factors such as the grounding of fleet due to technical issues will hamper growth.
More details: https://www.technavio.com/report/commercial-aircraft-gas-turbine-engine-market-industry-analysis
Commercial Aircraft Gas Turbine Engine Market: Technology Landscape
Based on technology, the turbofan segment led the market in 2019. This is due to the wide adoption of turbofan technology by commercial airliners. The market growth in the segment will be significant over the forecast period.
Commercial Aircraft Gas Turbine Engine Market: Geographic Landscape
By geography, APAC is expected to witness lucrative growth during the forecast period. About 53% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by increased demand for narrow-body aircraft and newer and improved versions of aircraft.
China and India are the key markets for commercial aircraft gas turbine engine in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Global Wind Turbine Monitoring Systems Market - Global wind turbine monitoring systems market is segmented by application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Wind Turbine Gearbox Market - Global wind turbine gearbox market is segmented by type (new and replacement) and region (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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New HY-OPTIMA 2745 delivers real-time measurement with no cross-sensitivity to other gases in the stream and is up to 50% CO tolerant
VALENCIA, Calif.--(BUSINESS WIRE)--#h2scan--H2scan, a leading provider of proven, proprietary hydrogen sensors and technologies for utilities and industrial markets, announced today the release of its latest product in the HY-OPTIMA™ line of sensors. The HY-OPTIMA 2745 hydrogen specific analyzer is designed to deliver real-time measurement of hydrogen levels in synthesis gas (syngas), with no cross sensitivity to high concentrations of CO.
Increasing global energy demand has driven interest in syngas, which can be used as an alternative energy fuel. Syngas also provides a way to turn waste gases, such as CO2 produced by power plants or factories, into usable fuels. Syngas is composed mainly of carbon monoxide and hydrogen, with carbon dioxide sometimes also present. There are various methods of producing syngas, such as gasification from different feedstocks (coal, natural gas, or biomass / waste products), partial oxidation, steam methane reforming, or autothermal reforming.
The most common use of Syngas is for production of hydrogen, with the hydrogen then sold as a separate product and the residual gases recycled to be used as fuel for a steam methane reformer. Additionally, syngas can be used for production of synthetic petroleum, as a fuel or lubricant for internal combustion engines or as an intermediate for the production of other chemicals.
Importance of HY-OPTIMA™ 2745 Hydrogen Measurement
Hydrogen measurement in syngas is important as it indicates the quality of the syngas produced. Historically, this was done using either a thermal conductivity device to measure hydrogen or by measuring the other components and assuming everything else was hydrogen. This assumption can result in costly inefficiencies in the production process.
H2scan’s HY-OPTIMA™ 2745 hydrogen-specific analyzer is the best measurement solution that provides a cost effective and real-time measurement of hydrogen in syngas streams. The solid state, non-consumable sensor technology, that is used in thousands of successful installations worldwide, provides continuous hydrogen concentration data with no cross-sensitivity to other gases in the stream, including CO (up to 50% CO tolerant). No reference or carrier gas systems are required to reliably and accurately report real-time hydrogen measurements with fast response times.
“The use of syngas is growing rapidly throughout the world, particularly where gasification can be used to produce high value products from low value feedstocks. Proper hydrogen measurement is absolutely critical in ensuring quality syngas production,” said Michael Nofal, VP Sales and Business Development for H2scan. “Real-time hydrogen measurement removes the uncertainty from this process, and having this information available in real time allows syngas production to be tightly controlled to ensure process optimization.”
Real-time hydrogen measurement allows an end user to adjust the hydrogen and carbon ratios to ensure maximum efficiency. For example, a typical adjustment could be adding water to increase the hydrogen percentage, or removing water to increase the carbon monoxide percentage.
Availability
Syngas-optimized HY-OPTIMA™ 2745 sensors are currently available for sale. For more information on H2scan and its hydrogen sensors, visit http://h2scan.com/.
About H2scan Corporation
H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The Company provides the most accurate, tolerant and affordable hydrogen leak detection and process gas monitoring solutions for industrial markets. H2scan enables the accurate monitoring and control functions for a wide range of applications, including control systems, safety monitoring and alarm systems. H2scan also provides portable, handheld configurations for easy leak detection and monitoring. H2scan supplies its hydrogen process analyzer and hydrogen leak detectors to utility, petrochemical, refinery, and gas line companies, nuclear power plants, fuel cell, petroleum and other industrial organizations through distribution, or long-term supply agreements. H2scan helps its customers meet safety, regulatory and process control requirements while doing critical hydrogen monitoring. H2scan’s customer base includes some of the largest manufacturing enterprises in the world including: General Electric, DOD, ABB, Siemens, ExxonMobil, Shell, Chevron, NASA, Proctor & Gamble and more.
H2scan now holds 27 patents on its core technology, software and electronics and its products are sold in over 50 countries worldwide. For more information, please visit http://www.h2scan.com.
David Rodewald/Amber Rubin
The David James Agency LLC
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805-494-9508
Disparity Study Forges Opportunities
HOUSTON--(BUSINESS WIRE)--On Tuesday, the Port Commission of the Port of Houston Authority met for its last regular meeting of 2020. Chairman Ric Campo was pleased to highlight further news that the Houston Ship Channel had been officially named as the nation's busiest waterway by the U.S. Army Corps of Engineers Navigation and Civil Works Decision Support Center. The Port of Houston also continues to be the leader for foreign waterborne tonnage, as it has been for 24 years.
“The #1 ranking and the Houston Ship Channel’s importance to the region, state, and nation clearly highlights the need to expedite the improvements of the channel, to accommodate growth and ensure safe and efficient trade for the U.S.,” Chairman Campo said.
He also shared the news that Port Houston was close to the next major milestone of Project 11, the effort to widen the Houston Ship Channel. Chairman Campo said that congressional action was expected shortly on WRDA 2020, the latest water resources development act, and that “authorization for our channel improvement project has been included in the final bill text – putting us one step closer to commencement of the much-needed project.”
Later in the day Port Houston learned that the House of Representatives had passed the bill, which would soon be moving on to the Senate.
Chairman Campo also explained that while the coming congressional authorization of Project 11 is significant, the next major step in the delivery process for the widening and deepening the channel will be to secure a “New Start” designation from the administration and discretionary funding from the U.S. Army Corps of Engineers.
Finally, Griffin & Strong, P.C. reported on its comprehensive contracting Disparity Study. The firm presented its draft findings to the Port Commission during the meeting and affirmed that the study identified disparities in the procurement process. The Port Commission authorized staff to work on next steps, as Chairman Campo emphasized Port Houston’s commitment to creating opportunities for diversity and inclusion for all.
The commission passed a motion committing to taking meaningful action to enhance and improve the participation of small-, minority-, and women-owned businesses for Port Authority contracts. Chairman Campo said that the community would be engaged in Port Houston’s transparent process for change and improvement. The independent study was commissioned by the Port Commission in 2019.
In his staff report to the commission, Executive Director Roger Guenther reported that container volume continued at a healthy pace in November, increasing 7% compared to that month in the prior year. He also shared that Port Houston handled 2.72 million TEU (twenty-foot-equivalent container units) through the first 11 months of this year, “which puts us virtually equal to 2019 for the year-to-date.”
The next Port Commission meeting will be held Tuesday, Jan. 26, 2021.
Griffin & Strong will present Port Houston’s Disparity Study results to the public via Zoom on Tuesday, Dec. 15 at 6:00 pm.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals of the greater Port of Houston – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. nation. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and total of $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley, Director, Media Relations, Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
New STEM partnership to focus on ag-science, career development for the next generation of leaders in agriculture
SAN FRANCISCO--(BUSINESS WIRE)--Brightmark, the global waste solutions provider and 4-H, the nation’s largest youth development organization, announced a new partnership that aims to inspire young people to pursue careers in agriculture, particularly in agricultural science and technology.
As part of the partnership, Brightmark will sponsor 4-H's annual National 4-H Youth Summit on Agri-Science and will provide educational opportunities throughout the year for 4-H youth to learn about sustainable agriculture practices, such as natural gas projects on dairy farms.
“We’re thrilled to announce this new partnership with 4-H to help inspire the next generation of agriculture leaders,” said Brightmark Founder and CEO Bob Powell. “Agriculture is a cornerstone industry in the U.S. economy, and Brightmark wants to see the best and brightest pursuing career paths in ag, particularly as the field embraces and innovates sustainability practices like anaerobic digestions to reduce the environmental impacts of food production. I’m looking forward to meeting some of these youth leaders out on our project sites.”
Brightmark is a proven leader in sustainable agriculture technology solutions. The company has partnerships with 23 dairy farms in nine states for renewable natural gas projects featuring anaerobic digestion technology that drastically reduces the climate, air, and water impacts associated with animal manure. Brightmark recently announced a joint venture with Chevron that will build and own dairy biomethane projects across the United States, allowing the expansion of its anaerobic digestion project model to more farms in more states.
“Today’s youth will play a critical role in future ag innovation, forming a diverse talent pipeline that ensures a safe and sustainable food supply for future generations,” said Heather Elliott, Vice President, Development at National 4-H Council. “4-H’s collaboration with Brightmark provides even more young people the opportunity to experience hands-on STEM and agri-science activities, giving them the skills to innovate and create a sustainable future.”
4-H's 2021 National Youth Summit on Agri-Science will enable high school students to develop the skills and knowledge needed to tackle the challenges facing agriculture, such as food security and sustainability. Brightmark will host a workshop for summit attendees focusing on explanation of how anaerobic digestors work to produce renewable natural gas, personal professional power, and will also highlight ways participants can put their passion into action. The summit will be held virtually from March 5-7, 2021. Interested participants can learn more here.
ABOUT BRIGHTMARK
Brightmark is a global waste solutions company with a mission to reimagine waste. The company takes a holistic, closed loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Through the deployment of disruptive, breakthrough waste-to-energy solutions focused on plastics renewal (plastic waste-to-fuel) and renewable natural gas (organic waste-to-fuel), Brightmark enables programs specifically tailored to environmental needs in order to build scalable project solutions that have a positive impact on the world and communities in which its stakeholders live and work. For more information, visit www.brightmark.com.
ABOUT 4-H
4-H, the nation’s largest youth development organization, grows confident young people who are empowered for life today and prepared for career tomorrow. 4-H programs empower nearly six million young people across the U.S. through experiences that develop critical life skills. 4-H is the youth development program of our nation’s Cooperative Extension System and USDA and serves every county and parish in the U.S. through a network of 110 public universities and more than 3000 local Extension offices. Globally, 4-H collaborates with independent programs to empower one million youth in 50 countries. The research-backed 4-H experience grows young people who are four times more likely to contribute to their communities; two times more likely to make healthier choices; two times more likely to be civically active; and two times more likely to participate in STEM programs.
Learn more about 4‑H at 4-H.org, find us on Facebook at Facebook.com/4‑H and follow us on Twitter at Twitter.com/4H.
Cory Ziskind
ICR
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646-277-1232
15 different FIMER inverter models are now UL listed with Tigo’s rapid shutdown Flex-MLPE devices
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the worldwide leader in Flex-MLPE (Module Level Power Electronics), announced today that it has received UL PV Rapid Shutdown System (PVRSS) certification for multiple new inverters from FIMER, the fourth largest inverter manufacturer in the world. There are now 15 different FIMER inverter models, ranging from 3.3 kW to 60 kW that have been UL listed with Tigo’s industry leading rapid shutdown devices.
“FIMER is very excited for this certification and compliance with Tigo Energy’s rapid shutdown devices as it opens up the market for FIMER’s residential and commercial inverters,” said Eduardo Casilda, CEO USA at FIMER.
Featuring light, compact designs, integrated monitoring and user interface, and a quick commissioning process, FIMER string inverters are an ideal solution for rooftop, carport, and ground mount solar installations.
The UL listing includes the entirety of Tigo’s TS4 family of Flex-MLPE, providing customers that use FIMER inverters significant flexibility with the features they want from their Module Level Power Electronics (MLPE). With Tigo, customers have the freedom to choose from a menu of features – such as optimization, monitoring, or just the rapid shutdown function – according to the needs of their project.
“We are thrilled to be working with FIMER to offer our customers the leading inverter options for their PV projects,” said Dru Sutton, Tigo’s VP of Sales for North America. “Customers can pair their inverters with our MLPE and know the technology meets rapid shutdown requirements across the US.”
Below is a list of FIMER’s newest string inverter product line that is UL PVRSS certified with Tigo’s MLPE:
• UNO-DM-3.3-TL-PLUS-US |
3.3kW |
1 phase |
||
• UNO-DM-3.8-TL-PLUS-US |
3.8kW |
1 phase |
||
• UNO-DM-4.6-TL-PLUS-US |
4.6kW |
1 phase |
||
• UNO-DM-5.0-TL-PLUS-US |
5.0kW |
1 phase |
||
• UNO-DM-6.0-TL-PLUS-US |
6.0kW |
1 phase |
||
• PVS-60-TL-US |
60kW |
3 phase |
The UL PVRSS certification is the only guaranteed way to fulfill the safety requirement for PV Rapid Shutdown in the US National Electrical Code, whereby both the inverter and the rapid shutdown device must be tested as a “system”. Rapid shutdown devices are now required with rooftop PV installations across the vast majority of the United States. Similar requirements are being adopted and discussed throughout the world.
The two companies are hosting a webinar to highlight their inverters and rapid shutdown devices at 10am PT (1pm ET) on December 10, 2020. Interested parties can reserve their spot here.
For 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 Flex-MLPE (Module Level Power Electronics) 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.
About FIMER
FIMER is the fourth largest solar inverter supplier in the world. Specializing in solar inverters and mobility systems, it has over 1100 employees worldwide and offers a comprehensive solar solutions portfolio across all applications. FIMER’s skills are further strengthened by its bold and agile approach that sees it consistently invest in R&D. With a presence in 26 countries together with local training centers and manufacturing hubs, FIMER remains close to its customers and the ever-evolving dynamics of the energy industry.
Following the acquisition and integration of ABB’s solar inverter business in the first quarter of 2020, and under the umbrella of the renewed FIMER brand the newly acquired solar inverter portfolio continues to carry the ABB brand under trademark license agreement. www.fimer.com
Media Contact for Tigo
John Lerch
408.402.0802 x430
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) has been recognized for climate change stewardship in CDP’s Climate Change Report 2020. Hess has earned Leadership status for 12 consecutive years from CDP, an international nonprofit that runs a global environmental disclosure system for investors, companies, cities, states and regions. This year, Hess is one of only two U.S. oil and gas producers to achieve Leadership status.
“CDP’s rating recognizes our continued leadership in transparency and performance as we address climate-related risks and opportunities,” said Alex Sagebien, Vice President, Environmental, Health and Safety. “Hess will continue to be guided by our values and longstanding commitment to sustainability as we help to meet the world’s growing need for energy while reducing our carbon footprint.”
CDP scores are based upon a company’s climate related governance, disclosure practices and management of risks. Ratings for the complete list of companies from around the world can be found at https://www.cdp.net/en/scores.
In addition, Newsweek today published its second annual ranking of America's Most Responsible Companies and once again included Hess. Of the 400 companies on the 2021 list, Hess is the highest ranked oil and gas producer. The ranking is based on an analysis of 2,000 public companies by a research firm using an independent survey and publicly available key performance indicators for environmental, social and corporate governance. The complete list and methodology are available here.
For more information about sustainability at Hess, including annual Sustainability Reports, please visit www.hess.com/sustainability.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at www.hess.com.
Investor:
Jay Wilson, (212) 536-8940
Media:
Lorrie Hecker, (212) 536-8250
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Under a 5-year engagement, LTTS will provide engineering services at two integrated refining and chemicals manufacturing facilities in USA
BANGALORE, India--(BUSINESS WIRE)--#ChemicalsManufacturing--L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has been selected by a global O&G major to be the primary engineering partner to support two of their integrated refining and chemicals manufacturing facilities in USA. This is a multi-year engagement with a potential value of more than USD 100 Million.
Under the five-year engagement, LTTS will provide multi-discipline plant engineering activities including site sustenance, discipline engineering and control automation support for both facilities. LTTS will leverage its in-house digital engineering tools and new age technology & solutions to optimize project execution and drive efficiency improvements for the customer. The two sites covered under LTTS’ scope are integrated refining, chemical and polymer complexes and are currently among the top 10 biggest downstream sites in the U.S.
Dr. Keshab Panda, CEO & MD, L&T Technology Services, said, “Our focus on multi vertical, large engagements with customer intimacy, leveraging digital and new age technologies is yielding the desired outcomes. This latest instance of a major customer awarding LTTS a large multi-year program is testimony to our global plant engineering expertise.”
“LTTS is delighted to partner with one of the world’s leading O&G companies who are focused on providing affordable & sustainable energy and chemical products. Having worked in the Oil & Gas industry for a long time, our engineers have a unique appreciation of the challenges and opportunities in the energy and chemical industry. This is a prestigious win for LTTS, and we are excited to engage with our customer to deliver value in improving operational efficiency,” Dr. Panda added.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 15,900 employees spread across 17 global design centers, 28 global sales offices and 52 innovation labs as of September 30, 2020. For more information please visit https://www.ltts.com/
Media Contact:
Aniruddha Basu
L&T Technology Services Limited
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T: +91-80-67675173
--Proceeds to be Used for Direct Energy Acquisition and to Support the Advancement of the Company’s Customer-Centric Strategy--
PRINCETON, N.J.--(BUSINESS WIRE)--$NRG #ESG--NRG Energy Inc. (NYSE:NRG) has completed the issuance of $900 million in senior secured first lien notes in a landmark issuance, with NRG pioneering the first Sustainability-Linked Bond (SLB) in North America, and the first issued by any energy company outside of Europe. In concert with the Direct Energy acquisition, the SLB will support the Company’s efforts to pursue growth, achieve its climate transition strategy, and bring increasing value to its stakeholders.
As a complement to the sustainability-linked pricing metric added to the Company’s corporate credit agreement in 2019, the Company’s issuance of the SLB aligns NRG’s business and financing with company commitments and values by creating a direct link between climate and funding strategies. The SLB links attractive financing to the realization of the Company’s previously announced goals to achieve a 50% reduction of absolute greenhouse gas (GHG) emissions by 2025, and reach net-zero GHG emissions by 2050, from the current 2014 baseline.
“For over a decade, we have considered our comprehensive sustainability framework foundational to our company strategy,” said Jeanne-Mey Sun, Vice President, Sustainability, NRG Energy, “We have a legacy of leading our sector in sustainability, transparency and disclosure, and the issuance of this Sustainability-Linked Bond is another example of our dedication to lead in the energy transition.”
“We’re proud to lead the way with this innovative Sustainability Linked Bond, which ties our financing to the achievement of our sustainability objectives,” said Gaetan Frotte, Senior Vice President and Treasurer, NRG Energy, “We are pleased by the overwhelmingly positive response to this offering, demonstrating the depth of interest for this type of instrument in the market.”
The Company’s SLB will be measured in accordance with one key performance indicator (KPI) and an associated Sustainability Performance Target (SPT), which support United Nations Sustainable Development Goals (SDG) 7 – Affordable and Clean Energy and 13 – Climate Action. The SPT set by NRG is absolute GHG emissions of 31.7 million metric tons of carbon dioxide equivalent by the end of 2025.
Reaching this goal is equivalent to removing over 6.8 million passenger vehicles from the road for a year. Measurement of the KPI will cover emissions from the production of wholesale electric power at facilities owned or controlled by the Company (Scope 1), emissions generated from the electricity purchased and consumed by the Company (Scope 2), and emissions encompassed by employee business travel (Scope 3).
Further, NRG has obtained a separate second-party opinion (SPO) from Vigeo Eiris on the robustness and relevance of the KPI and SPT. Vigeo Eiris is a global leader in environmental, social, and governance (ESG) assessments, data, research, benchmarks and analytics, and is a Climate Bonds Initiative Verified Provider of Second Party Opinions.
NRG was also advised by Natixis, which acted as sole sustainability-linked bond structurer and coordinator. Natixis is a leader in providing innovative financial products and solutions to support companies’ transitions to a more sustainable business model, providing invaluable expertise and guidance as an active structurer and coordinator.
The Company’s GHG emissions will continue to be reported on an annual basis through NRG’s Sustainability Report and in a separate third-party assurance report from its auditor.
For full details see investors.nrg.com/fixed-income.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as “expect,” “estimate,” “should,” “anticipate,” “forecast,” “plan,” “guidance,” “outlook,” “believe” and similar terms. Although NRG believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially.
NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the SEC at www.sec.gov.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
Investors:
Kevin L. Cole, CFA
Investor Relations
NRG Energy
(609) 524-4526
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Media:
Candice Adams
Corporate Communications
NRG Energy
(609) 524-5428
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DUBLIN--(BUSINESS WIRE)--The "Marine Hybrid Propulsion - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 276-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Marine Hybrid Propulsion Market to Reach US$5.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Marine Hybrid Propulsion estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027.
Diesel-electric, one of the segments analyzed in the report, is projected to grow at a 7.3% CAGR to reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Parallel segment is readjusted to a revised 6.5% CAGR for the next 7-year period. This segment currently accounts for a 28.9% share of the global Marine Hybrid Propulsion market.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 10.6% CAGR for the Period of 2020-2027
The Marine Hybrid Propulsion market in the U.S. is estimated at US$1 Billion in the year 2020. The country currently accounts for a 28.88% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.1 Billion in the year 2027 trailing a CAGR of 10.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the year 2027.
Serial Segment Corners a 22.9% Share in 2020
In the global Serial segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$603.5 Million in the year 2020 will reach a projected size of US$887.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$772.6 Million by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.
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
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/iuka9j
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AllegroGraph Positioned as a Champion and Strong Performer by Leading Analyst Firms and Acknowledged for Graph Innovation
LAFAYETTE, Calif.--(BUSINESS WIRE)--Franz Inc., an early innovator in Artificial Intelligence (AI) and leading supplier of Semantic Graph Database technology for Knowledge Graph Solutions, today announced that independent analyst firms have positioned AllegroGraph 7 as a Champion and Strong Performer. AllegroGraph 7 has also secured industry awards from leading technology news organizations and been recognized for technical innovation from large enterprise customers.
During 2020, AllegroGraph and Franz were recognized by the following industry analysts and technology media.
AllegroGraph 7 is a breakthrough solution that allows infinite data integration through a patented approach unifying all data and siloed knowledge into an Entity-Event Knowledge Graph solution that can support massive big data analytics. AllegroGraph 7 utilizes unique federated sharding capabilities that drive 360-degree insights and enable complex reasoning across a distributed Knowledge Graph.
“AllegroGraph 7’s support of Entity-Event Data Modeling is the most welcome innovation and addition to our arsenal in reimagining healthcare and implementing Precision Medicine,” said Dr. Parsa Mirhaji, Director of Center for Health Data Innovations at the Albert Einstein College of Medicine and Montefiore Health System, NY. “Precision Medicine is about moving away from statistical averages and broad-based patterns. It is about connecting many dots, from different contexts and throughout time, to support precision diagnosis and to recommend the precision care that can take into account all the subtle differences and nuisances of individuals and their personal experiences throughout their life. This technology is about saving lives, by leveraging data, context and analytics and is what Franz’s Entity-Event Data Modeling brings to the table.”
AllegroGraph 7 provides users with an integrated version of Gruff, a unique browser-based graph visualization software tool for exploring and discovering connections within enterprise Knowledge Graphs. Gruff enables users to visually build queries and visualize connections between data without writing code, which speeds discoveries and enhances the ability to uncover hidden connections within data.
“Few tools exist that can quickly turn arbitrary RDF graph pattern matches into clear visualizable results,” said Michael Pool, Global Head of Semantic Modeling and Engineering, Senior Director at BNY Mellon Bank. “Gruff is invaluable in turning our knowledge graph data into useful and actionable analytic insights.”
Louis Rumanes at UnitedHealth Group Research and Development recognizes the value of using Gruff as a browser-based app and commented, "Nice job on Gruff in a browser and I think this will be a gamechanger.”
Gartner predicts “the application of graph processing and graph DBMSs will grow at 100 percent annually through 2022 to continuously accelerate data preparation and enable more complex and adaptive data science.” In addition, Gartner named graph analytics as a “Top 10 Data and Analytics Trend” to solve critical business priorities.” (Source: Gartner, Top 10 Data and Analytics Trends, November 5, 2019)
About Franz Inc.
Franz Inc. is an early innovator in Artificial Intelligence (AI) and leading supplier of Graph Database technology with expert knowledge in developing and deploying Knowledge Graph solutions. The foundation for Knowledge Graphs and AI lies in the facets of semantic technology provided by AllegroGraph and Allegro CL. AllegroGraph is a database technology that enables businesses to extract sophisticated decision insights and predictive analytics from highly complex, distributed data that cannot be uncovered with conventional databases. Unlike traditional relational databases or other NoSQL databases, AllegroGraph employs semantic graph technologies that process data with contextual and conceptual intelligence. AllegroGraph is able run queries of unprecedented complexity to support predictive analytics that help organizations make more informed, real-time decisions. AllegroGraph is utilized by dozens of the top Fortune 500 companies worldwide. To learn more about Franz and AllegroGraph, go to https://www.franz.com/.
The current free versions of AllegroGraph v7.0.4 and Gruff v8.0.3 are available for download at https://allegrograph.com/downloads/
All trademarks and registered trademarks in this document are the properties of their respective owners.
Media Contact:
Craig Norvell
Franz Inc.
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+1-510-452-2000
DUBLIN--(BUSINESS WIRE)--The "Marine Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global marine composites market grew at a CAGR of around 6% during 2014-2019. Looking forward, the publisher expects the global marine composites market to continue its moderate growth during the next five years.
Marine composites refer to a mixture of fibers and resin materials that are used to shape and reinforce marine components. Ferrocement, glass-reinforced plastic, wood fibers, carbon composites and aramid fiber are some of the most commonly used marine components. They are usually manufactured using polyester, vinyl ester, epoxy, thermoplastic, acrylic and phenolic resins. They are also used for manufacturing gratings, ducts, shafts, piping and hull shells. These composite-based parts are used for assembling powerboats, sailboats and cruise ships as they offer advantageous properties, such as high mechanical strength, fuel efficiency, reduction in the overall weight, corrosion resistance, and customizability.
One of the key factors creating a positive outlook for the market is the significant growth in the maritime industry across the globe. Furthermore, the growing demand for high speed, power and luxury boats and yachts is also providing a boost to the market growth. Marine composites are extensively used for manufacturing recreational boats that have a high strength-to-weight ratio, fuel-efficiency, improved noise damping features and lower magnetic signature. In line with this, increasing marine transportation activities and cargo movement across borders is contributing to the market growth. Composites, such as fiber-reinforced composites, are being increasingly used as they can withstand extreme pressures from winds, waves and tides and maintain their physical properties when submerged in saltwater.
Additionally, various product innovations, such as the development of marine composites using renewable materials and vacuum infusion, are acting as another growth-inducing factor. These composites provide additional stiffness, vibration damping, water repellency and impact and abrasion resistance.
Companies Mentioned
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Marine Composite Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Composite Type
6.1 Metal Matrix Composite (MMC)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Ceramic Matrix Composite (CMC)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polymer Matrix Composite (PMC)
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Fiber Type
7.1 Glass Fiber
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Carbon Fiber
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Aramid Fiber
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Natural Fiber
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Resin Type
8.1 Polyester
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Vinyl Ester
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Epoxy
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Thermoplastic
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Phenolic
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Acrylic
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Vessel Type
9.1 Power Boats
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Sailboats
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Cruise Ships
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.2 Asia Pacific
10.3 Europe
10.4 Latin America
10.5 Middle East and Africa
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/mlfhce
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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With Taygete I, 7X Reaches 900 MW of operating solar projects in ERCOT
AUSTIN, Texas--(BUSINESS WIRE)--#ERCOT--7X Energy, Inc. (“7X”), a leading utility-scale solar developer, owner, and asset manager, announced it has partnered with Nestlé to be the sole tax equity investor for its 250 MWac Taygete I Energy Project (“Taygete I” or “Project”) located in Pecos County, Texas. 7X has now successfully originated 1,350 MWac of solar projects either in operation or under construction in Texas. The projects combined represent a capital injection of over $1.5 billion dollars.
Taygete I construction activities are complete and the Project is in the final energization phase with full commercial operation expected in early 2021. 7X Energy, the project owner, will also be the asset manager. A portion of the energy generated from the Taygete I solar project will be sold through a long-term hedge agreement to J. Aron & Company LLC., a subsidiary of Goldman Sachs. The other power purchaser is an S&P A- Rated entity. CIT was the coordinating lead arranger and the other lenders included Deutsche Bank, National Bank of Canada, CIBC, Rabobank, and Amalgamated Bank. Marathon Capital acted as the exclusive financial advisor to Nestlé on the transaction.
“Taygete I is an exciting achievement for 7X in which it is now an independent power producer,” said Clay Butler, President and CEO of 7X Energy. “Our expansion into ownership and asset management is the clear evolution for 7X as we are committed to the highest design and construction standards while also aggressively managing end to end costs to provide greater access to more competitive clean energy.”
Nestlé is the sole tax equity investor for the Taygete I project. This investment represents the company’s largest direct investment (by capacity) in a renewable energy project to date. In addition to its tax equity investment, Nestlé will purchase 100% of the renewable electricity attributes generated by the project’s energy production, estimated to be 750,000 megawatt hours per year for 15 years. This renewable energy will help the company reduce carbon emissions while making household favorites like DiGiorno® pizza, Sweet Earth® meals, Purina® Pro Plan® pet food and Tidy Cats® cat litter.
“Nestlé’s investment in Taygete I is an important milestone on our journey to achieve net zero by 2050. This is an aggressive goal, and to achieve it we are innovating across our company, from the ingredients we use, to the packaging that keeps our food and beverages safe, to how we make and transport our products,” said Jim Wells, Chief Supply Chain Officer for Nestlé USA. “We are proud that our investment will expand the availability of renewable energy, adding enough solar electricity to the U.S. grid to power 90,000 homes each year. Also, with this step, we continue to be on track for a 35% GHG emissions reduction per tonne of product in our U.S. manufacturing facilities by the end of 2020.”
The project, covering approximately 2,000 acres, used NextTracker components, Power Electronic Freesun HEM inverters, and over 856,000 Jinko modules. Swinerton Renewable Energy constructed the Taygete I solar project under an engineering, procurement, and construction (EPC) contract with 7X Energy. Taygete I solar project created over 300 jobs during the peak of construction. Over the life of the facility the project will generate tens of millions of dollars in property tax revenue to the county.
“7X has been a great community partner during the development and construction of Taygete I. The economic benefits the project has brought to the region confirms the value of utility-scale solar energy,” said The Honorable Judge Joe Shuster, Pecos County. “This county has been at the forefront of energy generation as exemplified in that we’re #14 in oil and gas production, #5 in wind energy, and #1 in solar in the State of Texas. The Taygete I project showcases how oil and gas and solar can co-exist and we’re proud to be part of the Texas solar boom!”
For additional information on the Taygete I Energy Project, please visit here.
About 7X Energy
7X Energy, Inc. (7X), is a leading independent power producer that develops, owns, and provides asset management services of utility-scale solar projects. The company is independently owned and consists of a diverse team of seasoned industry veterans, with over 10,000 MW of collective utility-scale development expertise. 7X has over 1,300 MW of solar projects that are operating or under construction and has a 4 GW development portfolio. 7X’s corporate office is located in Austin, Texas, with regional offices located in Denver, CO; San Francisco, CA; and Washington, D.C. Contact us at www.7x.energy.
About Nestlé in the U.S.
Nestlé in the United States is committed to unlocking the power of food to enhance quality of life for everyone, today and for generations to come. We are transforming our product portfolio by focusing on high-growth categories, including pet care, bottled water, coffee, consumer health and infant nutrition, and offering brands people love. With approximately 36,000 employees across 34 states, Nestlé in the U.S. offers a wide portfolio of food and beverage products for people and their pets throughout their lives. Nestlé in the U.S. consists of seven main businesses: Nestlé USA, Nestlé Waters North America, Nestlé Nutrition, Nestlé Professional, Nespresso, Nestlé Health Science, and Nestlé Purina PetCare Company. The United States is Nestlé S.A.’s largest market with combined product sales of $29 billion. For more information, visit Nestléusa.com or Facebook.com/NestléUSA.
Raheleh Folkerts
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Dana Stambaugh (U.S.)
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