Joint venture will create the largest polyvinylidene fluoride (PVDF) capacity for battery materials in the region. The total investment is estimated at around 850 million USD, partially funded by a grant to Solvay from the U.S. Department of Energy, for a total of 178 million USD.
BRUSSELS & BOSTON--(BUSINESS WIRE)--Solvay and Orbia today announced their entry into a joint venture framework agreement to create a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF), creating the largest capacity in North America.
With more than half of U.S. car sales projected to be electric by 2030, demand for lithium-ion batteries and PVDF, a thermoplastic fluoropolymer used as a lithium-ion binder and separator coating, is revving up. The Solvay-Orbia joint venture would fill a significant supply gap and will build upon favorable regulatory conditions promoting regional production and material security.
Solvay, a global leader in PVDF, brings process technology and unparalleled global market know-how to this venture. With a vertically-integrated value chain and material holdings, Orbia’s Fluorinated Solutions business Koura and Polymer Solutions business Vestolit will supply hydrofluoric acid, vinyl chloride monomer (VCM) and chlorine respectively. In combination, Solvay’s Solef® PVDF innovations and Orbia’s raw material assets and production expertise will enable delivery of PVDF that optimizes energy storage efficiency by increasing battery energy density, safety and power.
“We are delighted to partner with Orbia on this exciting opportunity to expand our battery solutions into North America, with strong support by the U.S. Department of Energy,” said Ilham Kadri, CEO of Solvay. “This significant milestone in our electrification strategy enhances our global leadership and contributes to the establishment of the battery supply chain infrastructure in the United States. This decision follows our previously announced investment in Tavaux, France. These investments extend our ambition to grow global sales to the automotive market from €800 million in 2021 to over €3 billion by 2030.”
Said Sameer Bharadwaj, CEO of Orbia, “Our partnership with Solvay marks a key milestone for our business and our role in enabling the North American energy transition. Together with Solvay, Orbia’s unique position integrated into both the fluorine and vinyl chains helps us to bring a cost-competitive battery supply chain to the U.S. just as we maintain our commitment to developing sustainable solutions that can advance life globally. Along with our previously announced Department of Energy grant to produce LiPF6 electrolyte salts in North America, this investment will put us in a leadership position to provide a secure source for fluorinated lithium-ion battery additives as well as local jobs.”
The total investment is estimated to be around $850 million, and is expected to be funded in part by a grant awarded by the U.S. Department of Energy of $178 million to Solvay to build a facility in Augusta, Georgia. Solvay and Orbia intend to use two production sites, one for raw materials and the other for finished product, located in the southeastern United States. Both plants are expected to be fully operational by 2026. Commencement of the joint venture is subject to finalizing and entering into definitive agreements between the parties and satisfaction of customary conditions, including obtaining regulatory approvals.
About Solvay
Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 21,000 employees in 63 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet roadmap crafted around three pillars: protecting the climate, preserving resources and fostering a better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities and delivered net sales of €10.1 billion in 2021. Solvay is listed on Euronext Brussels and Paris (SOLB). Learn more at solvay.com.
About Orbia
Orbia is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluorinated Solutions (Koura) sectors. The five Orbia business groups have a collective focus on expanding access to health and wellness, reinventing the future of cities and homes, ensuring food and water security, connecting communities to information and accelerating a circular economy with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 110 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $8.8 billion in revenue in 2021. Learn more at orbia.com.
Media Contacts
Solvay
Nathalie van Ypersele
General Manager, Communications
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Orbia
Kacy Karlen
Chief Communications Officer
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Koura & Vestolit
Michelle Arias
Communications Director
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Investor Contacts
Solvay
Jodi Allen
Head of Investor Relations
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Orbia
Gerardo Lozoya Latapi
Investor Relations Director
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Company working with Vermont-based GMP on additional units. 2 MWh energy storage system can be delivered where needed, offering unrivaled grid-support flexibility, disaster response, and energy storage benefits to GMP Customers
WATERBURY, Vt.--(BUSINESS WIRE)--Nomad Transportable Power Systems (“NOMAD”), a company founded by U.S.-based battery manufacturer KORE Power, has sold the industry’s first mobile energy storage unit to Green Mountain Power (GMP) in Vermont. The sale makes NOMAD first-to-market with a utility-scale transportable power solution, which was designed and built in Vermont and will deliver benefits for GMP customers.
NOMAD’s power systems can do everything fixed energy storage can do – like boosting reliability and making renewable energy dispatchable – while also providing mobility. They meet any application or project’s energy needs by bringing power where and when it’s needed most. Then, unlike a fixed storage asset, NOMAD’s systems can be re-deployed to meet other needs. NOMAD’s systems bring tremendous value to disaster recovery, on-demand grid support, and off-grid power applications.
Mari McClure, president and CEO of Green Mountain Power, said the Traveler offers a variety of applications and provides another important innovation to join GMP’s fleet of storage, increasing resilience and reliability, while lowering costs for customers.
“Green Mountain Power is bringing technologies to all of our customers that cut carbon and costs, and keep Vermonters powered up,” McClure said. “Mobile storage paired with our generation will allow us to power our NOMAD – which packs 2.0 MWh of capacity – with clean energy and deploy that power wherever it is needed.”
Jay Bellows, CEO of NOMAD, said transportable utility-scale storage is a gamechanger. “Our products are mobile, so they can deliver power in a range of applications and speed that stationary energy storage systems can’t match. Our team identified a need in the market, and using American innovation and New England ingenuity, we’ve been able to deliver a product that will bring benefits across the nation,” he said.
About Nomad Transportable Power Systems Inc.
Nomad Transportable Power Systems, Inc. (“NOMAD”), is a Delaware-based company formed by KORE Power in 2020 to provide the energy industry with a standardized mobile energy storage platform. NOMAD is the first entrant into the mobile lithium-ion energy storage space and combines its patent-pending, over-the-road storage units with a standardized docking platform capable of interconnection with any distribution or transmission utility. The NOMAD system was designed from the onset to provide its customers all the benefits of fixed site energy storage, while eliminating both the capital commitments and long-term obligations that traditional energy storage requires.
David Jakubiak
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Aleysha Newton
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(208) 758-9392
Company to Report Q3 2022 Results on November 14, 2022
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the third quarter ended September 30, 2022 on Monday, November 14, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results.
To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time.
A replay of the call can also be accessed via phone through November 28, 2022, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 3273042.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending and licensed for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to realize the benefits from the business combination; the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2022, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Naiem Hussain
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Chris Kaskavelis
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CHICAGO--(BUSINESS WIRE)--The Climate and Equitable Jobs Act (CEJA) sets ambitious goals for a cleaner and more equitable energy future that also creates jobs and contributes to a strong economy. To help achieve those goals, CEJA calls on ComEd to file a multi-year grid plan and to file new rates. ComEd today announced its intent to file, along with its grid plan, a four-year rate plan that closely aligns with the state’s goal of long-term investments to support clean energy and decarbonization in Illinois. ComEd intends to file these plans with the Illinois Commerce Commission (ICC) in January 2023.
“A strong, dynamic grid is essential to meeting the state’s ambitious clean energy and decarbonization goals to combat climate change, improve local air quality and lift up the communities that need it most,” said ComEd CEO Gil Quiniones. “These plans will provide the foundation for a grid that is resilient, flexible, and intelligent to withstand more frequent and severe weather due to climate change and enable technologies like solar, battery storage and fleets of electric vehicles.”
These plans will provide the ICC, customers and stakeholders insight and an opportunity to provide input into the delivery service investments and rates required over the period from 2024 through 2027 to support the delivery of clean, reliable and resilient electricity to its customers.
ComEd is delivering the highest levels of service in its history, providing families and businesses the reliable and resilient clean energy they need and deserve. In fact, ComEd’s reliability performance for the first nine months of 2022 was highest on record for any year in company history. This strong performance would not be possible if not for smart grid improvements that began in 2011. At the same time, ComEd’s rates are among the lowest in America. As of December 2021, the average residential rate was 21 percent below the average for the nation’s top 10 metro areas, and as a percentage of median income, ComEd’s residential electricity charges rank among the lowest in the nation.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 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, Instagram and YouTube
ComEd Media Relations
312-394-3500
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") announced today the publication of its 2022 Climate Risk Report. The publication of this report highlights Pioneer’s progress toward integrating climate-related risks and opportunities into the Company’s governance structure, business strategy and planning process, and risk management practice. The 2022 report provides numerous positive updates since the inaugural publication in 2021, demonstrating the Company’s commitment to improving its environmental, social and governance metrics.
About Pioneer
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.
Investors
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Chris Leypoldt – 972-969-5834
Media and Public Affairs
Christina Voss – 972-969-5706
Following successful laboratory testing, company begins field testing stage
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, has surpassed U.S. Department of Energy (DOE) requirements for the Residential Cold Climate Heat Pump (CCHP) Challenge for high-efficiency heating in freezing temperatures. After outperforming in laboratory tests in extremely cold temperatures, the Trane® high-efficiency, cold climate heat pump will begin field trials this month.
“As a sustainability leader, we relentlessly innovate to develop high-efficiency heat pumps and other sustainable solutions that transition away from fossil fuels and reduce carbon emissions,” said Jason Bingham, president of Residential HVAC, Trane Technologies. “We’re excited to move to the next phase of the DOE challenge. As more and more homeowners choose sustainable solutions like heat pumps, we look forward to helping them take advantage of new clean energy tax credits and rebates available through the Inflation Reduction Act.”
When tested at the DOE’s lab, Trane’s CCHP prototype performed in temperatures as low as negative 23 degrees Fahrenheit, surpassing the mandatory negative 20 degrees Fahrenheit DOE requirement.
“When tested at the Oak Ridge National Lab Facility, our prototype pushed the limits of the testing with high performance even as temperatures moved beyond the trial scope. To stop this Trane unit, they had to manually cut the power,” said Katie Davis, vice president of engineering and technology, Residential HVAC, Trane Technologies. “We are excited to conduct field testing with this heat pump and keep families warm while supporting a more sustainable future. It’s hard to stop a Trane!”
Until this new technology is available, the company continues to offer the most efficient options available today including heat pumps, more environmentally minded furnaces, and the pairing of the two in dual fuel systems.
Through bold, industry-leading action, Trane Technologies is creating efficient and sustainable comfort solutions and advancing its 2030 Sustainability Commitments, including the company’s Gigaton Challenge – the largest validated science-based climate commitment related to product use emissions, which pledges to reduce one billion metric tons (one gigaton) of greenhouse gas emissions from customers’ carbon footprints by 2030.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechologies.com.
This news release includes “forward-looking statements” which are statements that are not historical facts, including statements that relate to our sustainability commitments and the impact of these commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our future financial performance and targets, including revenue, EPS and operating income; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, including the amount of shares to be repurchased and the timing of such repurchases and our capital allocation strategy, including acquisitions, if any; our projected free cash flow and usage of such cash; our available liquidity; performance of the markets in which we operate; restructuring activity and cost savings associated with such activity; and our effective tax rate. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2021, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements.
Media Contact:
Shelby Hansen
+1-704-990-3835
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Investors Contact:
Zachary Nagle
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Interactive workers compensation tool helps promote holistic recovery
HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV), the country’s largest workers compensation insurer, today announced the launch of Wysa for Return to Work – an app designed to promote the mental health of injured employees and facilitate a more holistic recovery. The app was created in partnership with Wysa, a provider of mental health support solutions driven by artificial intelligence.
“Factors unrelated to an individual’s injury, such as fear, unrealistic expectations, lack of sleep or minimal social support, can hinder the recovery process,” said Dr. Marcos Iglesias, Chief Medical Director at Travelers. “Helping injured employees bounce back requires an approach that addresses an individual’s physical and mental health challenges, and we’re pleased to offer another tool that supports the total well-being of our customers’ employees.”
According to Travelers workers compensation claim data, more than 40% of employees who have missed workdays due to injury have experienced a psychosocial barrier to recovery. The Wysa for Return to Work app helps users build mental resilience skills that can assist in overcoming those barriers. The app responds to what users communicate through a secure, anonymous, texting-style platform, and offers strategies that include cognitive behavioral techniques, guided meditation and breathing exercises.
The new app is accessible to injured employees who indicate one or more psychosocial barriers to their recovery during conversations with a Travelers nurse or claim professional. Early pilot results show that injured employees using Wysa for Return to Work have reduced the number of missed workdays by approximately one-third, compared to those not using the app.
Travelers utilizes a range of workers compensation services to help expedite recovery, including:
For more information on workers compensation products and services from Travelers, visit Travelers.com.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $35 billion in 2021. For more information, visit Travelers.com.
Media:
Kate Thermansen, 860-954-1789
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MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the third quarter of 2022.
MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2022 were $33.7 million, or $0.93 cents per share, compared to $34.9 million, or $0.97 cents per share, for the same period in the prior year.
Timing of 2021 depreciation and other operations and maintenance costs contributed to higher electric earnings in 2021. Significant capital projects were placed in service near the end of 2021, which triggered additional depreciation and operations and maintenance costs after completion. The new customer information system went live in September 2021 and the first phase of the Badger Hollow Solar Farm was completed in November 2021. The second phase of Badger Hollow is expected to be completed in the first half of 2023. Badger Hollow is one of several major ongoing investments in renewable generation capacity to advance the Company's goal of deep decarbonization, targeting carbon reductions of at least 80% (from 2005 levels) by 2030 and net-zero carbon electricity by 2050.
In the third quarter of 2022, earnings from our investment in ATC decreased $0.7 million, driven by an estimated possible loss from filed complaints regarding MISO transmission owners' authorized return on equity.
Gas net income in the third quarter of 2022 remained relatively flat compared to the third quarter of 2021.
MGE Energy, Inc. (In thousands, except per share amounts) (Unaudited) |
||||||||
Three Months Ended September 30, |
|
2022 |
|
|
2021 |
|
||
Operating revenues |
|
$ |
163,400 |
|
|
$ |
145,873 |
|
Operating income |
|
$ |
42,487 |
|
|
$ |
37,598 |
|
Net income |
|
$ |
33,720 |
|
|
$ |
34,917 |
|
Earnings per share - basic |
|
$ |
0.93 |
|
|
$ |
0.97 |
|
Earnings per share - diluted |
|
$ |
0.93 |
|
|
$ |
0.97 |
|
Weighted average shares outstanding - basic |
|
|
36,163 |
|
|
|
36,163 |
|
Weighted average shares outstanding - diluted |
|
|
36,176 |
|
|
|
36,170 |
|
|
|
|
|
|
|
|
||
Nine Months Ended September 30, |
|
2022 |
|
|
2021 |
|
||
Operating revenues |
|
$ |
524,686 |
|
|
$ |
444,518 |
|
Operating income |
|
$ |
109,808 |
|
|
$ |
100,045 |
|
Net income |
|
$ |
89,901 |
|
|
$ |
92,701 |
|
Earnings per share - basic |
|
$ |
2.49 |
|
|
$ |
2.56 |
|
Earnings per share - diluted |
|
$ |
2.49 |
|
|
$ |
2.56 |
|
Weighted average shares outstanding - basic |
|
|
36,163 |
|
|
|
36,163 |
|
Weighted average shares outstanding - diluted |
|
|
36,174 |
|
|
|
36,176 |
|
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on MGE Energy's current expectations, estimates and assumptions regarding future events, which are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to revise or update publicly any such forward-looking statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to our business in general, please refer to the “Risk Factors” sections in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission.
Steve B. Schultz
Corporate Communications Manager
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Ken Frassetto
Investor Relations
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OMAHA, Neb.--(BUSINESS WIRE)--Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, is partnering with Omaha Public Power District (OPPD) for its sustainability efforts as part of the district’s Power with Purpose (PwP) initiative.
PwP will add 400-600 megawatts (MW) of utility-scale solar and ~600 MW of natural gas generation, providing the needed generation capacity to power growing communities while also contributing to OPPD’s goal of net-zero carbon production by 2050.
“Valmont has made remarkable strides to minimize our environmental impact in Omaha and around the world while creating increasingly efficient and sustainable solutions for our customers,” says Valmont group president Infrastructure, Aaron Schapper. “Conserving resources and improving life is our tagline and purpose here at Valmont and it’s at the forefront of all we do. OPPD’s recognition for our efforts are gratifying and appreciated.”
OPPD and Valmont Utility, a Valmont company, are working together to build transmission lines to connect the Turtle Creek Station in Sarpy County and Standing Bear Lake Station in Douglas County to the electric grid. Valmont is engineering 263 total structures with more than 2,200 structural components to support these lines. This project showcases design ingenuity and innovation, as well as customized manufacturing to complement the surrounding environment.
“The solar and natural gas assets we’re building support OPPD's unwavering mission to provide affordable, reliable and environmentally sensitive energy services to customers,” says Lisa Olson, vice president of Public Affairs for OPPD. “We’re proud to lead the way we power the future in this ever-changing and evolving energy landscape.”
“Valmont is no stranger to renewable energy as we’ve been developing reliable and sustainable infrastructure within the industry for over 40 years,” says Valmont Utility president Chris Colwell. “We offer industry-leading renewable energy solutions as part of our efforts to conserve resources in all aspects of our business. The OPPD project provides the ability to increase load growth, which requires grid resiliency for uninterrupted power. We are also addressing heightened demand for renewable energy sources and the need to support investments in the electrical grid. Through these efforts we are hardening the grid while softening climate impact through the strength of our utility structures.”
Schapper stated, “We continue to assess the environmental footprint of our manufacturing facilities, and I believe these actions reinforce our place as a leading provider for sustainable infrastructure and agriculture solutions as it relates to solar energy.”
Valmont has focused on sustainability for more than 75 years and elevated its efforts in recent years. For example, Valmont’s conservation efforts include reducing carbon emissions by more than 18,000 metric tons since 2018 and is currently beating their carbon emission target by 24%.
As part of the company’s carbon mitigation strategy, Valmont has continued to expand their global footprint providing renewable energy. Leveraging the strength of its worldwide presence, the company has added to its portfolio to provide solar energy through Valmont Solar and also through Ag Solar by Valley as a viable resource to power agricultural operations.
Read more about Power with Purpose at OPPDCommunityConnect.com and to learn more about the commitment to sustainability from Valmont, click here.
About Valmont Industries, Inc.
For over 75 years, Valmont® has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we’re Conserving Resources. Improving Life.® at valmont.com.
OPPD’s Mission
To provide affordable, reliable, and environmentally sensitive energy services to our customers.
For additional information on OPPD, please visit OPPD.com.
Jennifer Kros-Dorfmeyer, Valmont Industries
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DUBLIN--(BUSINESS WIRE)--The "Hydrogen Fuel Cell Train Market By Application, By Technology, By Component, By Rail type: Global Opportunity Analysis and Industry Forecast, 2025-2035" report has been added to ResearchAndMarkets.com's offering.
A hydrogen train is one that uses hydrogen as a fuel, either within a hydrogen internal combustion engine or through a reaction with oxygen within a hydrogen fuel cell. This train emits very less environmentally harmful greenhouse gas (GHG) such as carbon dioxide and nitrogen oxide during operation unlike diesel-powered trains.
Fuel cell technology advancements have improved viability of hydrogen-powered vehicles, with the weight of fuel cells reducing and efficiencies improving. Fuel cells convert chemical energy within hydrogen into electricity, also creating water and heat. This is the inverse of electrolysis process that can be used to create hydrogen fuel. The electricity produced by these hydrogen fuel cells is fed into a motor to power the train. Unlike natural gas or diesel fuel, hydrogen produced by electrolysis produces zero emissions while hydrogen produced by steam methane reforming still produces emissions 45% lower than diesel trains.
The hydrogen fuel cell train market is segmented on the basis of application, technology, component, rail type, and region. By application, the market is divided into passenger train, freight train, and others. By technology, it is segmented into proton exchange membrane fuel cell, phosphoric acid fuel cell, and others. By component, it is divided into hydrogen fuel cell pack, batteries, electric traction motors, and others. By rail type, it is divided into passenger rail, commuter rail, light rail, trams, freight, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter's five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
KEY BENEFITS FOR STAKEHOLDERS
Key Market Segments
By Application
By Technology
By Component
By Rail type
By Region
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDROGEN FUEL CELL TRAIN MARKET, BY APPLICATION
CHAPTER 5: HYDROGEN FUEL CELL TRAIN MARKET, BY TECHNOLOGY
CHAPTER 6: HYDROGEN FUEL CELL TRAIN MARKET, BY COMPONENT
CHAPTER 7: HYDROGEN FUEL CELL TRAIN MARKET, BY RAIL TYPE
CHAPTER 8: HYDROGEN FUEL CELL TRAIN MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/svbxdo
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Funding to expand operations for increased building efficiency and emissions reductions
NEW YORK--(BUSINESS WIRE)--Runwise, a leading building control company, today announced that it has raised $19 million in Series A funding, led by Fifth Wall with participation from several large real estate owners including Rudin Management, SOJA Ventures (The Swig Family / Halstead / Brown Harris Stevens), and The Strykers of Friedman Management and MCJ Collective, Derive Ventures, Helium-3, Silence VC, The Cannon Project as well as Waterman Ventures. Existing investors include Initialized Capital, Notation Capital, Susa Ventures and NextView Ventures. This round brings the total equity funding to $24 million.
Runwise was founded on the realization that antiquated building technology is responsible for over a third of wasted carbon emissions and that replacing inefficient and outdated technology would have a tremendous impact on the planet. Today, Runwise technology is installed in over 4,000 buildings with almost 400 customers – including many of the largest building owners and operators, such as Related, Blackstone, Lefrak, Equity Residential, Fairstead, and Douglas Elliman.
This investment will allow Runwise to continue expanding its operations and technology to buildings throughout the country, increasing building efficiency, lowering costs, and ultimately reducing fossil fuel emissions.
Last year, buildings retrofitted with Runwise’s technology saw on average a 20.1% reduction in fossil fuel emissions. This year, with the company’s continued growth, Runwise expects its technology will remove the equivalent of nearly 100,000 cars worth of carbon emissions off the road. In most buildings, the energy savings pays for the system in a handful of months.
“There is an aging building infrastructure crisis in the US. 45% of carbon emissions in most cities come from inefficient building operations, and almost all of these buildings are running on antiquated control infrastructure designed in the 1970s.” said Jeff Carleton, CEO of Runwise. “The smart property owners and managers have already realized that what’s good for the climate is now also good for their bottom line. This is why Runwise’s building control platform has already had a transformative impact on carbon emissions and affordability in 4,000+ buildings,” said Lee Hoffman, President of Runwise. “This new capital, combined with Fifth Wall’s large network of owners and operators, is going to help us bring the same levels of operational efficiency and carbon reduction to the rest of the 12 million buildings in the US,” said Mike Cook, Chief Growth Officer of Runwise.
“We’re thrilled to support Runwise and its goal of reducing carbon emissions produced by outdated building technology,” said Greg Smithies, Partner & Co-Head of Climate Tech at Fifth Wall. “Runwise is shining a light on building technology that most people take for granted, and we are proud to be a part of its growth.”
About Runwise: Runwise, formerly known as Heat Watch, is one of the nation's leading building control services. Runwise's mission is to enable buildings to run more efficiently using intelligent and easy-to-install wireless hardware and software. Runwise's service controls key building systems in thousands of buildings across 10 states.
About Fifth Wall: Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology for the global real estate industry. With approximately $3.2 billion in commitments and capital under management, Fifth Wall connects many of the world's largest owners and operators of real estate with the entrepreneurs who are redefining the future of the Built World. Fifth Wall is backed by a global mix of more than 100 strategic limited partners from more than 15 countries, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Host Hotels & Resorts, Ivanhoé Cambridge, Kimco Realty Corporation, Lennar, Lowe's Home Improvement, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, Toll Brothers and others. Fifth Wall believes this consortium represents one of the largest groups of potential partners in the global Built World ecosystem, which can result in transformational investments and collaborations with promising portfolio companies. For more information about Fifth Wall, its limited partners and portfolio, visit www.fifthwall.com.
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Consortium, including Monarch Tractor, Gridtractor, Rhombus Energy Solutions, Current Ways, and Polaris Energy Services, will demonstrate On Farm Mobile Microgrids for intelligent bidirectional charging of electric tractors and support for critical electric loads during power outages
SACRAMENTO, Calif.--(BUSINESS WIRE)--Monarch Tractor, maker of the industry’s smartest, fully electric autonomous tractor, and its Farm Electrification Consortium partners have received a $3 million grant from the California Energy Commission (CEC) to accelerate electrification of agricultural equipment and demonstrate the ability of batteries in on-farm equipment to keep critical electrical loads running during power outages that are initiated with greater frequency due to wildfires. The consortium is comprised of Monarch Tractor, Gridtractor, Rhombus Energy Solutions, Current Ways, and Polaris Energy Services.
"With grid shutdowns, hardworking farmers lose significant time, resources and money in a business where America’s growers already struggle to see the profits of their hard labor," says Praveen Penmetsa, CEO and co-founder of Monarch Tractor. "Our tractor's ability to provide exportable power and act as a mobile generator will help keep the lights on for California’s farms even when the grid is down."
In addition to emergency scenarios, the consortium will develop and demonstrate technology to enable farmers to employ tractors to respond to conditions on the power grid by charging and discharging batteries to supply irrigation pumps and other on-farm loads in response to dynamic prices and demand response events. The consortium will develop hardware, software and communications technologies to link tractors and charging equipment to fleet operation centers and grid management systems.
"Farm equipment electrification can not only provide dramatic savings for growers but enable them to take control of their energy," says David Meyers, CEO of Gridtractor. "For the grid, agriculture is one sector in California with the electrical infrastructure already in place to support rapid EV adoption. With the backing of the CEC, this project will support building, deploying and testing the technologies required to take advantage of that opportunity."
“It makes all the sense in the world to make sure that these big investments we’re making on the transportation side also do double duty as grid reliability. And the amount of torque you need for a tractor, it’s perfect for batteries,” said Commissioner Andrew McAllister in the CEC August Business Meeting.
"We look forward to trying the Monarch MK-V in the field and seeing how it works with the Rhombus charging gear and Gridtractor system. Cleaner, cheaper power for our equipment is a win-win for both our customers and California's agricultural industry, which produces at least one-third of the country's vegetables and two-thirds of the country's fruits and nuts,” said Don Cameron, vice president and general manager of Terranova Ranch.
"All of Talley Vineyards’ electrical loads are run off the electrical grid, which means that a power shutoff event can have a catastrophic impact on vineyard operations,” said Dave Terry, vineyard manager of Talley Vineyards. “For this reason, Talley Vineyards is eager to deploy technologies that increase reliability of power supply because of the devastating impact that loss of power can have on an entire season’s crop. It is a priority for us to be at the forefront of agricultural technology that contributes to sustainability and the viability of California’s farming sector. We look forward to participating in this project."
Monarch Tractor’s award-winning MK-V tractor is transforming agriculture by combining electrification, automation, machine learning, and data analysis to enhance farmer’s existing operations, increase labor productivity and safety, and maximize yields to cut overhead costs and emissions.
For more information on Monarch Tractor, visit www.monarchtractor.com.
About Monarch Tractor
Monarch Tractor is the maker of the world’s first 100% electric, driver-optional, intelligent tractor. It offers an industry-first trifecta of electrification, automation and data analysis that results in maximum value from a farmer’s perspective, helping to cut their carbon footprint, improve field safety, streamline farming operations, and increase their bottom lines. Labor shortages, climate change, and food safety concerns create a multitude of challenges for farmers. Monarch’s robust data-driven tools allow farmers to better predict and adapt to the challenges ahead, increasing food security and farm profitability for this, and future, generations. For more information, visit www.monarchtractor.com and follow on LinkedIn and Instagram.
About Gridtractor
Based in California, Gridtractor is developing fleet electrification services for farms utilizing electric tractors and heavy equipment. Gridtractor was incubated by Polaris Energy Services, and is building a platform to optimize farm vehicle charging using existing on-farm electrical services and generation. For more information, visit http://www.gridtractor.com and follow on Twitter and LinkedIn.
About Rhombus Energy Solutions
Rhombus develops and manufactures next-generation bi-directional electric vehicle charging infrastructure, high-efficiency power conversion systems and energy management system (EMS) software for vehicle-to-grid (V2G) capable electric vehicle fleet charging, energy storage and microgrid applications. The high reliability of our solutions is the result of decades of experience developing high-power systems for a variety of applications and deployment scenarios, including UL-1741-SA system-to-grid solutions. For more information, please visit www.RhombusEnergy.com.
About Current Ways
Current Ways, Inc. is a global technology leader in delivering electric charging and power conversion solutions. Founded in 1991, with a vision to build a greener and more energy efficient world, Current Ways takes advantage of the 31+ years of legacy knowledge from LHV Power in developing many high performance, high quality on-board and off-board charging products which are used in electric automobiles, trucks, specialty off-road vehicles, aircraft, speed boats, energy storage applications and more. As a customer-centric company, Current Ways has always worked towards maximizing the value and providing competitive solutions. With future focus towards high power density products, Current Ways is currently developing a new platform called CWUBIC, which is a silicon-carbide based bidirectional isolated converter that can be used for various applications like on-board charging (OBC), traction inverters, combination OBC and low-voltage DC/DC, micro-grid, VFD motor control, DC Fast Charging, and many more. For more information, please contact Dennis Isaac, This email address is being protected from spambots. You need JavaScript enabled to view it. and visit us at currentways.com.
About Polaris Energy Services
Polaris is the leader in connecting agricultural customers with energy markets, automating irrigation control to take advantage of energy savings and revenue opportunities. The company manages a network of 500+ irrigation and water conveyance pumps representing 75 MW of peak load that can be shifted when the grid is stressed, and is at the forefront of California’s efforts to increase demand flexibility. For more information, visit https://www.polarisenergyservices.com.
About Terranova
Terranova Ranch is dedicated to producing over 25 premium quality conventional and organic crops as effectively, productively and sustainably as possible on over 6,000 acres in the central San Joaquin Valley of California. Terranova farming methods ensure the health and quality of soils for generations to come. Best management practices are employed in all areas to improve the planet, the farmland and provide a healthy way of life for employees. The ability to reach these goals is due to the company’s financial strength and experienced management, staff and ownership working together to achieve a sustainable environment. For more information, visit https://www.terranovaranch.com.
About Talley Farms
The Talley family farming tradition began in 1948 when Oliver Talley planted vegetables in the Arroyo Grande Valley on California’s Central Coast. His commitment to quality produce and strong relationships continues to guide our business, four generations later. Today, Talley Farms is a diversified family-owned farming company that grows, packs, and ships a variety of vegetables, lemons and avocados. In addition, Talley Vineyards is regarded as one of California’s best producers of estate grown Chardonnay and Pinot Noir visit https://talleyfarms.com/ and https://talleyvineyards.com/.
Donna Michaels
LMGPR for Monarch Tractor
408.393.5575
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Highly-accelerated build schedule supports surging demand for novel IoT climate tech solutions
SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Ambient Photonics today celebrated the groundbreaking of its state-of-the-art, 43,000-square foot low-light solar cell manufacturing facility in Scotts Valley, California – one of the largest low-light indoor energy harvesting technology factories in the world. The company’s recent $48.5 million Series A funding and accelerated factory construction timeline position Ambient to serve the high demand for its novel technology. Ambient’s high power density solar cells enable connected device manufacturers to reduce the carbon footprint of their products by up to 80 percent by eliminating disposable batteries.
Ambient also recently opened its new headquarters in Scotts Valley and projects to employ over 100 full-time positions between the locations by this time next year.
“The legacy of battery waste in consumer electronics has become the barrier to achieving the dream of a connected, IoT world. Ambient’s technology addresses the growing environmental impact of disposable batteries head on,” said Ambient CEO Bates Marshall. “The Scotts Valley factory groundbreaking is a major milestone as we prove that both the U.S. and California can be leaders in the manufacturing of decarbonization technologies for the world.”
Ambient’s Fab 1 manufacturing facility in Scotts Valley will house the first-ever high-volume, fully-automated production line for low-light indoor solar cells utilizing state-of-the-art equipment from Manz AG, who also serves tech, automotive and e-mobility heavyweights across the globe. Ambient’s fully-automated production system leverages industrial printing processes to deposit its novel molecules on thin, durable glass substrates. Custom cells are swiftly deployable for integration into electronic devices at a price point for mass scale.
“Manz services the world’s largest manufacturing leaders, and Ambient’s investment in our highly-specialized production solutions proves their commitment to high-volume, high-quality production,” said Martin Drasch, CEO of Manz AG. “We are delighted to join Ambient in its journey of Smart Home and Internet of Things market innovation.”
“We are thrilled to welcome Ambient Photonics to Scotts Valley. Ambient brings quality jobs to Santa Cruz County with an appealing work-life balance – avoiding the stressful traffic jams and unnecessary air pollution that comes with a Silicon Valley commute,” said Scotts Valley Mayor Donna Lind. “Living sustainably is fundamental to the health and well-being of our community. Ambient’s work to reduce waste and carbon emissions in our everyday devices is something of which we can all be proud.”
Ambient expects to begin deliveries from the new factory to high-volume consumer electronics and IoT customers in the first half of next year. Connected device manufacturers partner with Ambient to not only improve product sustainability but also address Scope 3 emissions from their supply chains. With planned rooftop and parking canopy solar PV systems, Ambient’s manufacturing facility will also be powered by clean, renewable energy.
Ambient’s solar PV cells offer breakthrough energy density, able to harness photons from across the indoor ambient light spectrum and power a range of electronic devices. To learn more about endless power and energy harvesting for connected devices, download the Ambient Technology Brief here: ambientphotonics.com/technology.
About Ambient Photonics
California-based Ambient Photonics was founded in 2019 to bring low-light energy harvesting technology to mass scale. Ambient’s technology originally developed at the Warner Babcock Institute for Green Chemistry, and funded at inception by Cthulhu Ventures LLC, is backed by leading investors like Amazon’s Climate Pledge Fund, Ecosystem Integrity Fund (EIF), Tony Fadell’s Future Shape and I Squared Capital. The company’s low-light solar PV cells deliver ground-breaking power density from a broader spectrum of ambient light, inspiring a new era in connected device form and function. Ambient works with leading global smart home and IoT device manufacturers on embedded solar cells to deliver superior design possibilities, performance, sustainability and consumer convenience. Explore endless power at: ambientphotonics.com.
Christine Bennett for Ambient Photonics
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TORONTO--(BUSINESS WIRE)--$DMJ #carbonemissions--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that its successful pilot programme with Alectra Utilities Corporation (“Alectra”) has resulted in the purchase of an additional seventy-three (73) dynaCERT flagship HydraGENTM Technology Units. Alectra has now purchased a total of eighty-eight (88) HydraGEN™ Technology Units designed to reduce carbon emissions, reduce maintenance and reduce fuel costs on its fleet vehicles. See Press Release dated September 30, 2022.
Jim Payne, President and CEO of dynaCERT, stated, “As global diesel prices soar, dynaCERT is very pleased to serve the private and public sector in Canada and internationally, including utilities, communities and governments as well as private sector users of internal combustion engines. Our products are designed for future Carbon Credits while users achieve sustainability and reduce global Greenhouse Gas Emissions.”
dynaCERT has received the Smart Sustainable Company Rating Seal after a rigorous analysis of Triple-A Analytics GmbH of Austria. This honourable distinction of dynaCERT and its HydraGEN™ Technology as it applies to the United Nations Sustainable Development Goals and United Nations Global Compact Principles, has been evaluated as “high”, the highest global ranking in its category.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.
READER ADVISORY
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to Alectra Incorporated and Alectra Utilities Corporation cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
Jim Payne, CEO & President
dynaCERT Inc.
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, today announced it ranked seventh on FreightWaves’ 2023 FreightTech 25 list recognizing the most innovative and disruptive companies in the transportation industry.
“Innovation and creativity play an integral role in every aspect of our business,” said Shelley Simpson, president at J.B. Hunt. “As we continue to embrace the transformation of the transportation logistics industry, it is our focus to generate new opportunities and create value for our customers by leveraging the expertise of our people, our industry-leading technology, and our capacity to deliver.”
The 2023 FreightTech 25 were revealed during the F3: Future of Freight Festival on November 3, marking the fifth consecutive year J.B. Hunt has received the distinction. Companies selected for the FreightTech 25 are among those in the FreightTech 100, a list compiled by FreightWaves based on an external group of CEOs, leaders, and additional industry professionals. The FreightTech 25 are determined by a point system in which each panelist ranks the companies from 1 to 25, and those earning the highest points receive the honor. The full list is available on the FreightWaves website.
Over the last year, J.B. Hunt has made significant advancements that further its mission to create the most efficient transportation network in North America:
J.B. Hunt operates one of the largest company-owned fleets in North America with approximately 113,000 intermodal containers, 24,000 tractors and 41,000 trailers. The company’s J.B. Hunt 360 technology platform is an industry leader in digital freight matching and provides shippers with access to nearly one million trucks through qualified third-party carriers across the country.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
Brittnee Davie
Vice President - Marketing
479.419.3178
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Investments from Mercuria, Ventura Capital and Green Gateway Fund support company’s technology development and expansion in Europe, North America and Asia
BELMONT, Calif.--(BUSINESS WIRE)--The Mobility House has successfully completed an internal round of financing led by Mercuria and co-led by Ventura Capital and Green Gateway Fund. Further strategic investors of the company include Mercedes-Benz, Alliance Venture, Mitsui and SP Group. The $50 million Series C financing will be used to expand the company’s leading market position in the field of electric vehicle smart charging and vehicle-to-grid (V2G) integration across Europe, North America and Asia. The Mobility House’s ChargePilot technology, EV aggregation and flexibility trading platform will transform mobile and stationary batteries of electric vehicles into “buffer storage” or flexibility potential for the global energy transition.
The Mobility House continues to drive critical integration of the mobility and electricity markets by intelligently controlling charging and energy management for electric vehicles to stabilize the electric grid and temporarily store renewable energy. The company’s recently announced trading on the European Power Exchange EPEX SPOT SE further signals its leadership in shaping the energy and mobility future.
Jean François Steels, Vice President Energy Transition at Mercuria and lead investor, commented, “As we embark on our energy transition journey, we see this investment as a smart way to link electric mobility with renewable energy, two fast-growing sectors. This solution is increasing the flexibility of energy markets, which need to accommodate the growing new and intermittent renewable sources of power supply.”
Green Gateway Fund Founder Jochen Wermuth and co-lead investor said, “We see The Mobility House as the leading global software platform monetizing electric vehicle batteries, providing grid stability and storage services to a 100% renewable energy and transport system, with the potential to save over 5% of global CO2 emissions.”
Mo El Husseiny, founder of investment co-lead of Ventura Capital, noted: “The Mobility House is a visionary company constantly innovating the next infrastructure steps required to power the clean energy transition forward alongside their strategic partners and we are proud to continue to support this journey as one of them.”
“We are delighted about the trust that our existing investors have placed in us. In recent months, it has become increasingly clear: the market for smart charging and V2G is there and developing rapidly. It also has incredible economic and environmental potential for us to tap into,” said Robert Hienz, CEO of The Mobility House. “We have the technology ready to cater to and significantly shape this market, and are already well-equipped for the future continued development of our products.”
To learn more about The Mobility House’s charging and energy management solutions, visit mobilityhouse.com/usa_en.
About The Mobility House
The Mobility House’s mission is to create an emissions-free energy and mobility future. Since 2009, the company has developed an expansive partner ecosystem to intelligently integrate electric vehicles into the power grid, including electric vehicle charger manufacturers, 1,000+ installation partners, 80+ energy suppliers, and automotive manufacturers ranging from Audi to Tesla. The intelligent Charging and Energy Management system ChargePilot and underlying EV Aggregation Platform enable customers and partners to integrate electric vehicles into the grid for optimized and future proof operations. The Mobility House’s unique vendor-neutral and interoperable technology approach to smart charging and energy management has been successful at over 800 commercial installations around the world. The Mobility House has more than 250 employees across its operations in Munich, Zurich and Belmont, Calif. For more information visit mobilityhouse.com.
Christine Bennett for The Mobility House
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TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO: MOLY, FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that on 30 November 2022, the Company plans to present at the EIT RawMaterials Innovation Hubs North and Baltic Sea Stakeholder Days in Helsinki, Finland, the Malmbjerg Molybdenum project located in central east Greenland. The event gathers mining companies, large industry suppliers, start-ups, and research institutes and calls for collaboration among the North and Baltic sea stakeholders to achieve a circular economy in the European Union Green Deal. The Raw Materials program can be found at EIT RawMaterials Innovation Hubs North and Baltic Sea Stakeholder Days.
The event is relevant because European Union (EU) suppliers will help Greenland Resources build a mine which is consistent with the new EU initiatives like the €300b EU Gateway that can help fund infrastructure needs for the EU circular economy. It also aligns with the recent 2022 State of the Union Address, where the EU President Ms. Ursula von der Leyen revealed plans to create the Critical Raw Materials Act as well as to increase the financial support for the European Raw Materials Fund.
Dr. Ruben Shiffman, Chairman, commented, “In addition to our efforts of raising funds through infrastructure support programs, we continue to talk capex with commercial and supranational banks, with the valued support of the European Raw Material Alliance. Furthermore, we continue to talk directly to molybdenum end users, roasters and potential strategic partners on selling our product on a long-term basis. In this way, EU steel and chemical companies will be able to get very clean high quality sustainable molybdenum from an EU associate country, produced with the highest ESG standards, and will be able to track every single pound of the molybdenum extracted in Greenland and comply with responsible sourcing policy”.
The European Institute of Innovation and Technology (EIT) RawMaterials, was initiated and funded by the European Union and has the overarching mandate to support securing the supply of critical and other strategically important raw materials to the European industry by driving innovation along the raw materials value chain. The European Raw Materials Alliance (ERMA), was launched by the European Commission in 2020 as part of an action plan aiming to reduce Europe’s raw materials’ dependency on third countries, diversifying supply from both primary and secondary sources and improving resource efficiency and circularity while promoting responsible sourcing worldwide. ERMA is managed by EIT RawMaterials. Greenland Resources is part of the investment portfolio of ERMA.
Qualified Person Statement
The news release has been reviewed and approved by Mr. Jim Steel, P.Geo., M.B.A. a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.
About Greenland Resources Inc.
Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced CO2 emissions and water usage, low aquatic disturbance and low footprint due to modularized infrastructure with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, which concluded an expected Base case after-tax IRR of 22.4%, NPV6% of US$1.17 billion (€1.02 billion) and a Levered pre-tax IRR of 40.4%, after tax IRR of 33.8% and payback of 2.4 years.
The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com
About Molybdenum and the European Union
Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 25 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content in phosphorus, tin, antimony, and arsenic, makes it an ideal source of molybdenum for the high-performance steel industry lead worldwide by Europe, specifically the Scandinavian countries and Germany.
Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans, the Company’s upcoming involvement in conferences, discussions, and initiatives, results of discussions with stakeholders, future consumers, and other parties, statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: current EU and other initiatives remaining in place into the future; expected demand for molybdenum in the EU and abroad; our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected demand for molybdenum both in the EU and elsewhere; the current initiatives and programs for resource development in the EU and abroad; the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.
These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information. Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information please contact:
Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer
Corporate office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Telephone +1 647 273 9913
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca
DUBLIN--(BUSINESS WIRE)--The "The Global Market for Bio-based Naphtha to 2033" report has been added to ResearchAndMarkets.com's offering.
Bio-based naphtha (bio-naphtha) is a by-product from the manufacture of Hydrotreated Vegetable Oil (HVO), otherwise known as renewable diesel and Sustainable Aviation Fuel (SAF) production. It can also be produced as a as a standalone product via gasification. Bio-naphtha can be used as a direct substitute for fossil-based naphtha, either as a gasoline blending component or to produce renewable plastic.
Producers use a wide variety of feedstocks for HVO and SAF including used cooking oil, vegetable oils such as palm and rapeseed, and waste residues from sectors such as wood pulp production (known as crude tall oil, or CTO) and animal fats. With increasing producer capacities in HVO and SAF, production of bio-naphtha is growing as part of the output and finding wider use as a "second generation" biofuel and as a feedstock to make ethylene, propylene, and butadiene for chemicals and plastics.
Report contents include:
Key Topics Covered:
1 RESEARCH METHODOLOGY
2 THE GLOBAL PLASTICS MARKET
2.1 Global production of plastics
2.2 The importance of plastic
2.3 Issues with plastics use
2.4 Policy and regulations
2.5 The circular economy
2.6 The global bioplastics market
2.6.1 Market drivers and trends in bioplastics
2.6.2 Global production to 2033
2.6.3 Main producers and global production capacities
2.6.3.1 Producers
2.6.3.2 By biobased and sustainable plastic type
2.6.3.3 By region
2.6.4 Global demand for biobased and sustainable plastics 2020-21, by market
2.6.5 Challenges for the bioplastics and biopolymers market
2.6.6 Conventional polymer materials used in packaging
2.6.6.1 Polyolefins: Polypropylene and polyethylene
2.6.6.2 PET and other polyester polymers
2.6.6.3 Renewable and bio-based polymers for packaging
2.6.7 Comparison of synthetic fossil-based and bio-based polymers
2.6.8 End-of-life treatment of bioplastics
2.7 The global biofuels market
2.7.1 Diesel substitutes and alternatives
2.7.2 Gasoline substitutes and alternatives
2.7.3 Comparison of biofuel costs 2022, by type
2.7.4 Types
2.7.4.1 Solid Biofuels
2.7.4.2 Liquid Biofuels
2.7.4.3 Gaseous Biofuels
2.7.4.4 Conventional Biofuels
2.7.4.5 Advanced Biofuels
2.7.5 Feedstocks
2.7.5.1 First-generation (1-G)
2.7.5.2 Second-generation (2-G)
2.7.5.2.1 Lignocellulosic wastes and residues
2.7.5.2.2 Biorefinery lignin
2.7.5.3 Third-generation (3-G)
2.7.5.3.1 Algal biofuels
2.7.5.3.1.1 Properties
2.7.5.3.1.2 Advantages
2.7.5.4 Fourth-generation (4-G)
2.7.5.5 Advantages and disadvantages, by generation
3 BIO-BASED CHEMICALS AND FEEDSTOCKS
3.1 Types
3.2 Bio-based chemicals and feedstocks production capacities, 2018-2033
4 THE GLOBAL BIO-BASED NAPHTHA (BIO-NAPHTHA) MARKET
4.1 Introduction
4.2 Market drivers
4.3 Demand-side pull
4.4 Supply-side pull
4.5 Applications
4.6 Renewable diesel
4.6.1 Production
4.6.2 Global consumption to 2033
4.7 Sustainable aviation fuels
4.7.1 Description
4.7.2 Global market
4.7.3 Production pathways
4.7.4 Costs
4.7.5 Biojet fuel production capacities
4.7.6 Challenges
4.7.7 Global consumption to 2033
4.8 Market developments in bio-based naphtha, 2020-2022
4.9 Pricing
4.10 Production capacities, by producer, current and planned
4.11 Production capacities, total (tonnes), historical, current and planned
4.12 Production capacities, by region (tonnes)
5 COMPANY PROFILES (29 company profiles)
6 REFERENCES
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/qt0068
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
- The website builds upon Equinox Partners’ policy of voting against directors who have served for two or more years but hold less than two years of director’s fees in company stock.
- Equinox Partners anticipates the site will be used to advance the interest of shareholders in the gold mining sector.
- 21% of directors in junior gold miners’ index fail to meet this minimum ownership level.
STAMFORD, Conn.--(BUSINESS WIRE)--Equinox Partners Investment Management, LLC, (“Equinox Partners”) a long-term value investor, today announced the launch of www.directorswithoutstock.com to amplify its investment stewardship policy. Equinox Partners will vote against directors who have served for two or more years but hold less than two years of director’s fees in the company’s stock.
The site lists directors of gold and silver mining companies in the MVIS Global Junior Miners Index (MVGDXJTR) who fail the firm’s stewardship policy and includes the director’s photo, name, company, total shares owned, value of shares owned, annual compensation, ratio of value of shares to compensation, and years on board.
Key results that are showcased on the website include:
- Of the 95 gold and silver mining companies in the index with readily available public filings, there were 590 directors, of which 125, or 21%, that failed the Equinox Partners stewardship policy.
- Of those 125 that failed, 37 owned no stock at all.
- Of those 37 that owned no stock, the average board tenure was 8 years.
- By eliminating the two-year minimum tenure constraint, 311 directors, or 53%, would fail the Equinox Partners policy.
By adopting a clear, lower-bound for director share ownership, Equinox Partners is pushing back on the growing indifference of boards to non-executive director stock ownership and the decision of some companies to prohibit non-executive directors from owning stock all together. Equinox Partners believes financially aligned directors are more likely to prioritize returns on and of owners’ capital. In comparison, the Canadian E&P industry is an example of a similar capital-intensive industry that has incentivized more insider ownership and prioritized disciplined capital allocation.
“Directors who lack any meaningful financial alignment with shareholders are going to tend to things that aren’t in the financial best interest of shareholders,” said Sean Fieler, President and Chief Investment Officer of Equinox Partners. “It’s crazy that a director would not have meaningful ownership of the company they direct. Insider ownership amongst the gold miners is worsening, as passive investors push board turnover that does not always align with the interest of shareholders. We hope our policy and this new site can be a step in a different direction.”
---ENDS---
About Equinox Partners
Equinox Partners, headquartered in Connecticut is a long-term value investor with a large weighting in precious metals miners. Equinox Partners’ high conviction approach to fundamental investing involves a strong, active focus on corporate governance.
Equinox Partners Investment Management, LLC | Information as of 09.30.22 unless noted | SEC registration does not imply a certain level of skill or training
NOTE:
If a given Director would like to be removed from our list due to the purchase of their company's stock, we would be happy to remove them in the next iteration. Similarly, if a Director believes the publicly available data as presented could be amended or clarified, they should contact us immediately.
DISCLAIMER:
The information contained on this website is being provided by Equinox Partners for informational purposes only and is not a solicitation of proxies for any purpose. Nothing contained herein is intended to be or should be considered investment advice or a recommendation by Equinox Partners to buy or sell any security including, without limitation, any security issued by a company named herein.
Equinox Partners and certain related persons and other entities holds a financial interest in certain companies identified above as an equity investor. However, unless otherwise stated, neither Equinox Partners nor any of its partners, directors or officers, or any directors or officers of any of its subsidiaries, or any 10% or greater shareholder of Equinox Partners, has beneficial ownership of, or director or control over, more than 1% of the issued and outstanding equity securities of any of the companies identified above, or any other financial or other interest in those companies.
METHODOLOGY:
Metrics for each company have been taken from respective company’s most recent proxy statement through September 2022. Pricing as of 9.16.22. Values may be rounded. All values are in USD. Compensation ratio is calculated using the aforementioned data, and is defined by the total value of shares divided by annual compensation. Only companies found in the GDXJ index as of 09.01.22 have been included in the analysis. List only includes those directors appointed before 2020 and who fail the specified policy. Best efforts were made to include all public filings into the analysis. A small number of companies did not have publicly available ownership and/or compensation information. Equinox Partners Investment Management, LLC, will seek to update this list at least annually.
Media Contact:
Thomas Conroy
Peregrine Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 917 970 8667
DUBLIN--(BUSINESS WIRE)--The "Non-dispersive Infrared (NDIR) Market by Gas Type (Carbon dioxide, hydrocarbons,others), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The NDIR market is projected to grow from USD 0.7 billion in 2022 to USD 1.0 billion by 2027, recording a CAGR of 6.0% between 2022 and 2027.
Growing focus on worker safety across industries to drive the growth of the NDIR market
Worker safety is of paramount importance in any industry. Mining, medical, industrial & manufacturing, chemicals, fertilizers, and oil & gas workers often work in hazardous environments. In the extraction and refining processes of the oil and gas and chemical industries, toxic gases such as carbon dioxide, carbon monoxide, hydrocarbons, and sulfur hexafluoride are generated. If inhaled in excess amounts, these gases can have major health repercussions, including death in extreme cases. In the workplace, high concentrations of hazardous and flammable gases can lead to explosions or fires.
NDIR sensors and modules are suitable for detecting toxic gases in these industries. They contribute to the reduction of hazardous gas leaks as well as worker and workplace safety. Thus, the increasing focus of regulatory agencies on workplace safety is expected to spur the demand for NDIR sensors and modules, which will boost the market growth.
APAC is the fastest-growing region in the NDIR market
During the forecast period, APAC held the largest share of the NDIR market and is expected to continue to grow. Increased demand for NDIR sensors in the industrial & manufacturing, medical, automotive, environmental, and food processing & storage sectors is driving the market in APAC. T
he NDIR market has been growing as a result of an increase in the number of small and medium-sized businesses (SMEs) investing in the development of loT-based NDIR sensors for a variety of applications. Since China, Japan, India, and South Korea are among the world's top 20 automotive-producing countries, the NDIR industry in this region has a lot of opportunities to grow.
In APAC, automobile manufacturers like Nissan, Mitsubishi, and Subaru are focusing more on hybrid and electric automobile development, which is expected to increase the use of NDIR CO2, CO, and refrigerant gas sensors for cabin air quality monitoring.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/d12yey
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
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