Market is driven by growth of smart home devices as well as increased levels of home improvement spending resulting from COVID-19’s shelter in place orders
BOULDER, Colo.--(BUSINESS WIRE)--#DataAnalytics--A new report from Guidehouse Insights analyzes the global market for residential energy management (REM) solutions, providing global market forecasts, segmented by revenue, shipments, and region, through 2029.
The residential energy management system (REMS) market is undergoing rapid expansion and transformation. New digital and software approaches are changing behavioral demand side management (DSM) and home energy management solutions, giving way to healthy growth for the worldwide REM market during the next decade. Click to tweet: According to a new report from @WeAreGHInsights, global REM solutions revenue is projected to grow from $6.0 billion in 2020 to $16.8 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%.
“Several key drivers are advancing the REM market, including the growth of the smart home device market as well as increased levels of home improvement spending resulting from COVID-19’s shelter in place orders,” says Daniel Talero, research analyst with Guidehouse Insights. “Home energy management hardware, such as smart thermostats and smart lighting, are gaining traction among residential customers as REM assets and as elements of the smart home.”
According to the report, data analytics applications in REM solutions are also evolving. For example, improved disaggregation of data on home energy use is creating cost savings for residential customers and improved customer engagement opportunities for utilities. Although large technology companies have opened other energy data gathering channels via voice assistants such as Amazon’s Alexa and Google Home, a rich startup ecosystem has emerged to engage customers with app-, panel-, and sensor-based REM service interfaces.
The report, Market Data: Residential Energy Management Systems, analyzes the global market for REM solutions, with a focus on four technology areas: behavioral DSM solutions, REM hardware, REM software, and REM services. The study provides an analysis of the market issues, including drivers and barriers, associated with REMSs. Global market forecasts, segmented by revenue, shipments, and region, extend through 2029. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Residential Energy Management Systems, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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More than 1,500 households across eight multi-family properties will benefit from energy conservation measures implemented
FRAMINGHAM & LOWELL, Mass.--(BUSINESS WIRE)--#efficiency--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced that it has begun the second phase of an energy and water efficiency project on behalf of the Lowell Housing Authority (LHA). This phase-two project extends the term of an energy services agreement originally signed between Ameresco and LHA in 2007 and will benefit more than 1,500 households across eight multifamily properties in the City of Lowell, Massachusetts.
Under an amendment approved by the U.S. Department of Housing and Urban Development (HUD), Ameresco will make improvements to heating, hot water, plumbing and lighting systems that will reduce electricity, natural gas and water usage and expenses for LHA. The total utility cost savings from both the phase one and phase two projects is expected to exceed $20 million over a 20-year contract term.
“This second phase project with Ameresco builds on a long-term effort to apply the latest technologies to improve building system efficiency and infrastructure,” said Gary Wallace, executive director of the Lowell Housing Authority. “This in turn allows us to further improve services and the quality of life we can offer to our residents, all at effectively no cost to LHA.”
The second phase of Ameresco’s work on behalf of LHA will involve the installation of new LED lighting, high-efficiency boilers and toilets as well as updating hot water heating and air handling equipment. Ameresco will install new roofs at three LHA properties, a solar-power water heating system at one property and complete a central steam plant for additional heating and hot water system improvements.
“Our work with LHA began over 15 years ago and has been extremely gratifying,” said Ameresco Executive Vice President and Director David J. Anderson. “Putting our resources to work with LHA’s staff to improve their low-income elderly and family housing units will directly benefit the authority and its residents while providing additional tertiary environmental and health benefits to the community of Lowell.”
The LHA financed this project with an energy savings performance contract (ESPC), meaning there is no up-front cost required of LHA. With work already underway, phase two is anticipated to be completed in early 2022.
With more than 30 years of experience, Ameresco’s housing team has implemented performance contracts with public and private multifamily housing owners exceeding $700 million in North America. To learn more about their work, visit www.ameresco.com/customers/public-housing/.
About Lowell Housing Authority
The Lowell Housing Authority (LHA) was founded in 1937 as a result of the Housing Act of 1937. The agency is the first public housing authority in Massachusetts and is now the states’ third largest. Since the organizations’ inception, LHA has been tasked with providing “safe, decent, and sanitary housing” for low income residents of the community. Over the years, the agency adapted seamlessly to changes in legislation which provided greater flexibility in implementing affordable housing programs and services. The LHA has become not just a housing provider, but rather, a full social service agency designed to provide stability and create opportunities for residents to achieve self-sufficiency. Its talented team helps to address critical policy issues of today, but also possesses the knowledge, and education to proactively adapt to the industry challenges of the future. For more information on the LHA, visit www.lhma.org.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2020.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
ALBERT LEA, Minn.--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ: REGI) broke ground on Monday for a single wind turbine that will provide power to the company’s biorefinery in Albert Lea, Minnesota. This project will provide locally sourced, clean electrical power, lowering the carbon footprint of the biodiesel plant.
Local community members, elected officials and employees celebrated the project Monday marking a first-of-its kind project for the company.
“We are committed to reducing our carbon footprint by producing cleaner burning fuels. The addition of the wind turbine will make a process that already had low carbon output even more sustainable,” said Cynthia “CJ” Warner, President and CEO of Renewable Energy Group. “We are continuously looking for innovative approaches to improve our facilities, and this project is no exception.”
The project, to be constructed and operated by Minnesota-based Juhl Energy, will save approximately 68,000 tons of carbon dioxide over the first 10 years, displacing predominantly fossil fuel-based electricity. This is the equivalent of greenhouse gas emissions from 168 million miles driven by an average passenger vehicle.
“This project is a great example of locally sourced distributed renewable energy and we’re excited that electricity produced from the wind will directly lead to lower carbon gallons of biodiesel being produced by REG,” said Clay Norrbom, Managing Director of Juhl Energy. “Juhl and REG have appreciated working with the many people who have made the project possible, including local landowners, city, township, and county officials, Freeborn Mower Rural Electric Coop, Dairyland Power Cooperative and Faith Technologies.”
The single wind turbine will be located north and west of the REG Albert Lea biodiesel plant. The site selection was made based on REG’s desire to limit the impact of sound and shadow flicker to the surrounding residents.
“Using wind-generated electrical energy to convert agricultural products into biodiesel is a great way to improve the plant’s environmental footprint and advance our renewable energy goals for the state,” Agriculture Commissioner Thom Petersen said. “We’re proud that Minnesota continues to be a leader in biofuels and clean energy.”
In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
About Juhl Energy
Juhl Energy is a leader in the renewable energy industry with a focus on competitive, clean energy solutions, including wind, solar, and combined heat and power systems designed for rural communities, municipal electric companies, and industrial companies throughout the United States. Juhl Energy has completed over 25 projects, accounting for over 350 MW’s of power. Juhl services every aspect of project lifecycles, including development, engineering, construction management, operations, maintenance, and ownership. Juhl Energy is headquartered in Chanhassen, MN, and has other offices in Chicago and Milwaukee.
Katie Stanley
Renewable Energy Group
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(515) 239-8184
DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Midstream Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The oil and gas midstream market is expected to grow at a CAGR of less than 3% during the forecast period. The global crude oil production in 2018, was 94718.48 barrels per day and it is expected to increase approx. 1.2% year on year, till 2024.
Factors such as upcoming oil and gas projects are expected to boost the demand for pipeline services in the coming years, is likely to drive the oil & gas midstream market during the forecast period. However, under-utilization of the gas fired power plants in some regions, is likely to restrain the growth of the oil & gas midstream market in the coming years. For an instance, the utilization of India's gas-fired power plants is declining, owing to the decline in the domestic gas production, particularly in the KG basin and high cost of the gas imports.
Companies Mentioned
Key Market Trends
Transportation Sector to Dominate the Market
Asia-Pacific to be a Significant Market
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Oil and Gas Operating Pipeline Length Forecast (in km), till 2025
4.3 Oil Production and Consumption Trend in thousand barrels per day, 2010-2019
4.4 Gas Production and Consumption Trend in billion cubic feet per day (bcf/d), 2010-2019
4.5 Key Midstream Projects Information
4.5.1 Existing Projects
4.5.2 Projects in Pipeline
4.5.3 Upcoming Projects
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.7.1 Drivers
4.7.2 Restraints
4.8 Supply Chain Analysis
4.9 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Sector
5.1.1 Transportation
5.1.2 Storage and Terminals
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/wvoncc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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New Funding to Expand the Company's Pay-As-You-Go Solar Financing Business, Backed by Leading Investors CDC Group, FMO, Norfund, and ARCH Emerging Markets Partners
NAIROBI, Kenya--(BUSINESS WIRE)--#ARCHEmerging--Greenlight Planet Inc., the largest provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio. Akira Partners and Orrick Herrington & Sutcliffe advised Greenlight Planet.
Under its Sun King brand, Greenlight Planet operates the largest direct-to-consumer PAYG solar distribution and service network in the world, having delivered over 1.3 million PAYG solar products to date in Kenya, Tanzania, Uganda, and Nigeria, expanding at a rate of over 65,000 new rooftop solar installations per month. The company employs 1,250 full-time staff worldwide, and over 5,500 sales agents, 30% of whom are women, across areas of sub-Saharan Africa suffering from high levels of unemployment.
The new debt and equity investments were provided by European development finance institutions CDC Group, FMO, and Norfund, along with impact investors ResponsAbility, SIMA Funds, Symbiotics, Global Partnerships, and private equity firm ARCH Emerging Markets Partners’ Africa Renewable Power Fund. Of the total $90 million in committed funding, $69 million has been disbursed to the company, with the balance to be drawn down as the company delivers additional solar-powered home energy systems, with end-consumer financing, to homes in Africa.
Sun King solar products include home lighting, mobile phone chargers, radios, televisions, and fans, as well as the solar panels and batteries to power these appliances. During the global COVID-19 pandemic, such solar-powered home energy systems have proven all the more essential to families spending more time at home. Families depend on Sun King energy access and appliances for light, communication, entertainment, and access to news and information.
Greenlight Planet’s Sun King solar-powered home energy systems have a profound social impact for off-grid families around the world. Sixty million individuals across 65 countries have used them to access clean, renewable energy. This access to energy increases the time children spend studying, increases productivity for small businesses, and reduces spending on old-fashioned energy products. Sun King products have saved over $3.4 billion on fossil-fuel-based energy costs, reducing global greenhouse gas emissions by more than 14 million metric tons.
T. Patrick Walsh, Co-founder and CEO of Greenlight Planet added, “Greenlight Planet’s goal is to bring affordable, clean energy to every under-electrified household that needs it. After a decade of honing our solar technology and our solar distribution, installation, and service strategy, we are now jumping the last hurdle to solve this global challenge, that being financial inclusion. We are expanding access to consumer financing, making basic solar power available to all people, at a cost as low as $0.15 per day. We are delighted to work with CDC, Norfund, FMO, ResponsAbility, SIMA Funds, Symbiotics, Global Partnerships and ARCH to expand access to finance and access to energy.”
Geoffrey Manley, Director and Head of Energy Access and Efficiency at CDC Group added, “Our financing of Greenlight Planet provides our team with a great opportunity to support a company that is creating jobs and taking meaningful strides to fight climate change. We’re thrilled that our commitment promotes the UN’s Sustainable Development Goals, helping to facilitate economic development across the African continent.”
William Barry, Managing Director at ARCH Africa Renewable Power Fund (ARPF) added, “ARCH ARPF is delighted to support Greenlight Planet’s continued growth as it delivers on its mandate to expand energy access across sub-Saharan Africa. Greenlight's global market leadership in the off-grid solar sector positions the company strongly within ARPF’s expanding off-grid renewable energy portfolio, complementing our existing utility-scale, independent-power-producer development pipeline.”
About Greenlight Planet
Greenlight Planet is a social-mission, for-profit business that since 2009 has sold over 13 million of its Sun King solar home energy products to off-grid customers in sub-Saharan Africa and South Asia. The company reaches customers through its direct-to-consumer distribution and financing network, as well as wholesale partnerships with over 300 commercial and non-profit last-mile distributors, ranging from mobile network operators, to microfinance institutions, to oil and gas companies, to NGOs. Greenlight Planet’s Sun King products are currently installed in over 65 countries and have served 60 million people.
Find out more at https://www.greenlightplanet.com.
About the Off-Grid Solar Industry:
Relevant (unaffiliated) aggregators of industry information include the Global Off-Grid Lighting Association and Lighting Global (a platform of the World Bank Group, to support sustainable growth of the international off-grid solar market)
www.gogla.org
www.lightingglobal.org
Douglas Hesney: This email address is being protected from spambots. You need JavaScript enabled to view it. | 718.915.5546
Cassandra Barua: This email address is being protected from spambots. You need JavaScript enabled to view it. | +919769087737
New high-efficiency LED Series operates with WiFi or Bluetooth to control a wide range of white and colors for comfort and convenience
NORTON SHORES, Mich.--(BUSINESS WIRE)--EarthTronics, dedicated to developing innovative energy-saving lighting products that provide a positive economic and environmental impact, introduces its high efficiency EarthBulb Smart LED Lighting Series that enables users to easily control ambiance and comfort through a wide range of white light and colors, while providing energy savings and security.
The EarthBulb Smart LED Series includes the 9-watt A19 LED and the 8-watt BR30 LED, delivering 800 and 650 lumens with a high 90 CRI. Both LEDs are powered by the Tuya Smart App, available from Google Play or the App Store, to control white light from 2200K warm light to 6500K crisp daylight, as well as offering an RGB (red, blue, green) function that delivers infinite colors as well. These Smart LEDs can be grouped with others, coordinated by room or area, and set to turn on and off at multiple times per day or week for both convenience and security.
The Smart LED Series is conveniently controlled by iOS and Android phones and devices, or voice controlled with Amazon Alexa or Google Assistant. The A19 Smart LED was developed for table and floor lamps, as well as wall sconces. The BR30 was designed for recessed, track and display lighting in general purpose, retail and hospitality applications.
The EarthBulb Smart LED Series will perform in temperatures ranging from -4°F to 104°F with a rated performance life of 25,000 hours and a 5-year limited warranty. The LEDs meet UL/FCC and RoHs approval and are Title 20 compliant. For more information about the EarthBulb Smart LED Series, visit Smart LED.
About EarthTronics
Dedicated to creating a positive impact for the environment, businesses and consumers, EarthTronics, Inc. is an LED energy efficient solutions company based in Norton Shores, Michigan. EarthTronics offers high-performance EarthBulb LED light bulbs, T8 and T5 linear LEDs, and LED fixtures that are designed for commercial buildings, hotels, restaurants, retail stores and residential homes. All EarthTronics LED products provide energy savings with a solid return on investment for energy retrofits, renovation projects and new construction. More information can be found at www.earthtronics.com.
Brian Bloom
Falls
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(216) 696-2990
Modernization project will support reliable, cost-efficient energy for 17 million consumers in Argentina and Uruguay
PITTSBURGH--(BUSINESS WIRE)--The Salto Grande Mixed Technical Commission has awarded Emerson (NYSE: EMR) a contract to modernize operations at the binational Salto Grande Hydroelectric Complex. The project is the first of a three-stage, 30-year, $960 million investment to extend the life and improve the efficiency and safety of the 40-year-old complex located between Argentina and Uruguay.
Beyond supplying renewable energy to parts of Uruguay and Argentina, the 1,890-megawatt Salto Grande facility is integral to life in the region, regulating the flow of the Uruguay River, meeting the demand for drinking water supply and irrigation, preserving wildlife and ensuring the safety of local residents. Hydropower, the world’s largest source of renewable energy, generates power by running water through turbines. It is one of the cleanest sources of power and is also the lowest-cost source of electricity in many markets, according to the International Hydropower Association.
“This major effort will help safeguard plant operation that is critical for the interconnected power systems of Argentina and Uruguay,” said Bob Yeager, president of Emerson’s power & water solutions business. “Emerson welcomes the opportunity to help extend the life of the integral Salto Grande Complex for decades to come.”
The five-year contract calls for Emerson to modernize 14 hydroelectric turbine governors with its Ovation™ automation technology, designed to expertly control and monitor hydropower operations. The comprehensive solution includes measurement and machinery instrumentation for monitoring process conditions and will help provide reliable power generation that is highly responsive to the dynamic needs of the region’s electrical grid. Emerson’s experience successfully completing hydropower retrofit projects of similar size and scope, as well as a strong local presence, were key factors in selection for this project.
Emerson has been ranked as the leading distributed control systems provider for the global power generation industry, according to Omdia.1
1Omdia, Distributed Control Systems Report, 2020. Market share based on revenue. Results are not an endorsement of Emerson. Any reliance on these results is at the third-party’s own risk.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.
Follow news from Emerson’s Power & Water Solutions business on Twitter:
http://twitter.com/OvationUsers
Additional resources:
For Emerson
Denise Clarke
512-587-5879
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Liquiguard Technologies is excited to announce the introduction of SOLARCELLCOTE, a polymer based, nano particle, proprietary formulation innovated to produce a crystal clear tough and extremely resistant coating. With an average DFT (dry film thickness) of less than 5 microns it enhances the impact resistance of glass and plastic surfaces without impeding solar energy transmission. While technical coverage per gallon is approximated to be 2500 square feet, actual coverage is expected at 3000 plus square feet. A single application will provide protection for five plus years.
SOLARCELLCOTE is an ideal protective coating for solar panels as it literally takes away the need for ongoing maintenance while helping enhance performance by way of electrical energy output. The fully cured SOLARCELLCOTE coating is practically indestructible. The coating surface is extremely hydrophobic, oleophobic and ice phobic and resists adhesion of air borne dirt and grime. The solar panel surfaces are kept clean and productive by the action of wind currents and rain showers thus eliminating the need to access roof and similar structures for maintenance. When treated with SOLARCELLCOTE the aluminum or steel metal framing structure of the panels is also protected against oxidation and corrosion due to weather exposure.
SOLARCELLCOTE can be applied by brushing, spraying, dipping or wiping. A single coat application is all that is required. The coating is an air dry material and the treated surface can be handled in 45 minutes to an hour depending on the ambient temperature and humidity. Optimal cross linking will occur in approximately 72 hours at which time the surface will develop all intrinsic properties. Correctly coated SOLARCELLCOTE should have an average service life of five plus years. Re-coating of a SOLARCELLCOTE coated surface is only possible after application of a Liquiguard primer, UniBond-120.
SOLARCELLCOTE is packaged in quart, gallons, 5 gallon pails and 55 gallon drums. SOLARCELLCOTE is available for immediate sales. Reseller, Dealer and Distributor inquiries are welcome for this unique product for which substantial demand is anticipated due to the many benefits gained by its simple application and lasting performance. It will also eliminate the work, cost and hazards related to maintenance of solar panels on roofs and other tall structures.
Abbas A Sadriwalla
Liquiguard Technologies, Inc.
Ph: (954) 566-0996
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www.liquiguard.com
PacStar 400-Series enables on-the-move warfighters operating in small, agile units to rapidly and reliably communicate
PORTLAND, Ore.--(BUSINESS WIRE)--PacStar®, a leading developer and supplier of advanced communications solutions for the U.S. Department of Defense (DoD), today announced that it has been awarded a tactical network communications contract by the U.S. Army Program Executive Office Command, Control, Communications-Tactical (PEO C3T).
Under the contract, PacStar will deliver its PacStar 400-Series platform for SCOUT (Scalable Class of Unified Terminals) in support of the U.S. Army Integrated Tactical Network (ITN) program. The ITN is a concept that incorporates the Army’s current tactical network environment with commercial off-the-shelf (COTS) components and transport capabilities to enable communications in disconnected, intermittent and limited (DIL) bandwidth environments.
“As the U.S. Army and other DoD organizations continue to pursue expeditionary style warfare and engage more agile, smaller units, they must support on-the-move warfighters who often enter remote and mobile environments with limited communications equipment and uncertain infrastructure,” said Peggy J. Miller, CEO of PacStar. “PacStar offers a proven, and reliable tactical communications platform that demonstrated superior Size, Weight and Power (SWaP) capabilities during ITN tests, accelerating DoD modernization efforts.”
SCOUT provides small teams with expeditionary satellite capabilities for low bandwidth communications and exchange of secure and non-secure data, voice, and video. PacStar 400-Series solutions will be delivered to four Infantry Brigade Combat Teams (IBCTs) as part of the ITN Capability Set 21 rollout, delivering key capabilities optimized for small, agile units. This will enable:
PacStar also provides the baseband solution for the Army’s Transportable Tactical Command Communications (T2C2) program based on PacStar 400-Series. The T2C2 Program of Record is providing SCOUT in support of the Army’s Security Force Assistance Brigades (SFAB). As a result of this contract, a SCOUT variant will be included in the Integrated Tactical Network (ITN), providing commonality across platforms and reducing the unique hardware components in the Army network.
For more information, visit our site.
About PacStar
Pacific Star Communications, Inc. (PacStar) is a leading provider of advanced communications solutions for a wide range of military, intelligence and commercial applications. PacStar created and manufactures its COTS-based rugged, small form factor expeditionary and mobile communications systems. Separately, it developed integrated, network communications management software, IQ-Core® Software, for the military, federal, state/local government and emergency responder markets. The company’s patented IQ-Core® Software, hardware technology and integrated solutions provide secure, command, control and communications systems, particularly in remote or infrastructure starved areas. In addition, PacStar’s communications systems are ideally suited for commercial/industrial organizations with mission-critical field communications requirements. For additional information, please visit https://pacstar.com, LinkedIn and Twitter @pacstarcomm.
PacStar:
Brian Lustig
Bluetext for PacStar
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+1 202 836 9112
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to two classes of notes from Vivint Solar Financing VII, LLC, Series 2020-1. The transaction is secured by the equity interests of the managing members in the related Project Companies that in the aggregate, own a portfolio of 22,914 power purchase agreements (“PPA”) and leases, associated with residential solar photovoltaic installations (“PV Systems”). Cash flow related to the portfolio is net of operations and maintenance expenses, administrative and insurance expenses and any distributions to a tax equity investor per the organizational documents for each respective Project Company.
The total aggregate discounted solar asset balance (“ADSAB”), consisting of the discounted payments of the leases and power purchase agreements is approximately $337.8 million. The securitization share of the ADSAB is approximately $293.1 million. The portfolio consists of approximately 90.0% PPA agreements and 10.0% lease agreements by ADSAB of Host Customer Solar Assets and approximately 90.8% PPA agreements and 9.2% lease agreements by number. The original tenor of each agreement is 240 months and the weighted average remaining term of the agreements is 221 months. The weighted average FICO of the underlying customers of the photovoltaic systems is 751.
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+1 (646) 731-3325
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BOULDER, Colo.--(BUSINESS WIRE)--Catalyze, a developer and independent power producer (IPP) of renewable distributed generation (DG) and storage projects for the commercial and industrial (C&I) markets with a 300 megawatt (MW) project pipeline in development, today announced the launch of its proprietary origination-to-operations software integration platform REenergyze™ to help accelerate and scale the nationwide adoption of C&I solar and storage.
“Historically, scaling in the C&I renewables sector has presented unique challenges for developers and IPPs due to market fragmentation, high transaction and construction costs for smaller projects, ever-changing policies, and the need for boots-on-the-ground project development knowledge and expertise,” said Catalyze Chief Executive Officer Steve Luker, whose company is backed by leading energy investors EnCap Investments L.P. (“EnCap”) and Yorktown Partners LLC (“Yorktown”). “As a company founded on the belief that technology has the power to enable efficient and substantial growth, we know that automating and standardizing the origination-to-operations process is key to repeatability and scaling in the C&I sector.”
REenergyze™ streamlines the major processes of commercial solar and storage project origination, development, construction management, operations, and asset optimization to address challenges across different renewable energy technologies, geographies, power markets, and programs. The platform is currently being deployed by Catalyze and their co-development partners, to identify, evaluate and manage projects throughout their lifecycle, allowing the company to achieve efficiencies often observed in the utility-scale solar sector.
Catalyze has acquired over 37 MW of large DG solar + storage projects across multiple regions. Building upon this success, Catalyze is now implementing a market roll-up strategy, which leverages the committed capital, their expertise with storage and delivering complex solutions, and the integration capability of REenergyze™ to efficiently acquire companies who add value to the Catalyze enterprise. Leading the acquisition effort for Catalyze is former Quinbrook Infrastructure Partners Vice President, Kenton Harder.
“With their experience in delivering solar + storage solutions, their technology platform, and substantial financial backing, the Catalyze team has all the elements required to become the leader in what is currently a highly-fragmented market that is ripe for roll-ups and consolidation,” said EnCap Energy Transition Managing Partner Jim Hughes.
About Catalyze
Founded in 2017, Catalyze is an innovative energy-services partner and independent power producer (IPP) accelerating the transition to renewable energy infrastructure by creating new profit opportunities for commercial and industrial real estate owners. Our advanced technology and financial solutions reduce our partners’ energy costs, increase net operating income, and simplify resource management while helping to future-proof businesses and enhance growth strategies. Our approach to integrating smart energy resources with new and existing infrastructure benefits tenants, electric utilities, and local communities. To learn more visit www.catalyze.energy.
About EnCap Investments, LP
Since 1988, EnCap Investments has been the leading provider of venture capital to the independent sector of the US energy industry. The firm has raised 21 institutional investment funds totaling approximately $37 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.
About Yorktown Partners, LLC
Yorktown Partners LLC is an energy-focused private equity firm that has raised $9 billion of capital commitments across thirteen partnerships since 1991. The firm has provided financing and leadership to over 90 companies in the energy industry. Yorktown’s principals are significant investors in their partnerships. Yorktown's limited partners include endowments, foundations, families, insurance companies, and other institutional investors. To learn more about Yorktown, see www.yorktownenergy.com.
Media Contacts:
For Catalyze
Mike Gehrig, This email address is being protected from spambots. You need JavaScript enabled to view it. | O: 512-448-4950, M: 512-739-7088
For EnCap Investments, L.P.
Casey Nikoloric, This email address is being protected from spambots. You need JavaScript enabled to view it. | O: 303.433.4397, x101, M: 303.507.0510 m.
For Yorktown Partners, LLC
Tomás LaCosta, This email address is being protected from spambots. You need JavaScript enabled to view it. | 212-515-2114
Endorsement comes as 600+ government, private sector leaders are slated to convene for climate strategy summit
LOS ANGELES--(BUSINESS WIRE)--As an unprecedented string of fatal wildfires rage along the West Coast burning millions of acres, displacing tens of thousands of people, and blanketing residents with some of the most hazardous air on the planet, the Los Angeles Business Council has stepped forward as the first business group to endorse Gov. Gavin Newsom’s call to accelerate the state’s clean energy and climate goals.
The LABC is calling for a plan to fast-track all of California’s climate change efforts across the board and enact legislative mandates to speed up the timeline for meeting greenhouse gas emission targets.
“The LABC is proud to be the first business group to step up and endorse Governor Newsom’s call to accelerate our 100% green energy grid by 2045 and to fast-track our efforts to continue as the world leader in sustainability and renewable energy,” LABC’s senior leadership wrote in a letter marking the endorsement. “We believe we can, and must act, while improving our planning to assure a reliable energy grid and a just transition for those who may be left behind in the wake of progress.”
California continues to lead the nation in reducing our carbon output and advancing policies that lay the groundwork for a more vibrant, inclusive green economy. In support of building a more equitable green economy, the LABC also supports proposals for broad economic incentives to promote investment in innovation and market-driven solutions to confronting the climate crisis.
“The science is in. We must act now,” said LABC President Mary Leslie. “In the absence of leadership at the federal level, our local and state elected officials, institutions, and businesses must take decisive action against climate change and toward rapidly building a clean energy economy.”
The state has surpassed climate goals before: After hitting a 2018 goal of generating one-third of energy from green sources, the state now produces over half of all electricity from non-fossil fuel sources, including hydroelectricity and nuclear power. Consider that proof that Californians are up to the challenge of taking on bigger, broader challenges that our future demands, said Leslie.
“Climate change is real – and what’s happening in California is a preview of what’s to come for the rest of the nation unless we take immediate action based on what the science is telling us,” Gov. Newsom said. “California’s business community must play a critical role, and I commend organizations such as the Los Angeles Business Council for committing to being part of the solution."
The call to accelerate the state’s push to 100% green energy comes as top government, business and civic leaders are poised to convene at the LABC’s 14th Annual Sustainability Summit. The virtual summit, which will be held September 21st and 22nd, will explore topics including international climate policy, regionalization of the energy grid, California’s resiliency strategy in the face of growing natural disasters, and more. A full schedule of events can be found at www.labusinesscouncil.org.
“If we never want to suffer a power outage again or worry about widespread electricity shortages during a triple-digit heatwave, then we’re going to have to take significant action to adapt to climate change and reduce greenhouse gas emissions,” said LABC Chair Nadine Watt, who is appearing at the summit, which is anticipated to attract as many as 600 participants.
About the Los Angeles Business Council
The Los Angeles Business Council is one of the most effective and influential advocacy and educational organizations in California. For over 70 years, the LABC has had a major impact on public policy by harnessing the power of business and government to promote environmental and economic sustainability in the Los Angeles region. To learn more, please visit www.labusinesscouncil.org.
Malina Brown
(310) 717-2208 | This email address is being protected from spambots. You need JavaScript enabled to view it.
10 Texas Retail Electric Providers Named Most Trusted Brands
LIVONIA, Mich.--(BUSINESS WIRE)--As the battle for electric customers in Texas heats up, consumers are sending a clear message to retail electric providers (REPs): “I need to trust you.” In fact, REPs with trusted brands are more attractive to Texans than large, well-known brands. Approximately two-thirds (64%) of Texans say they need to strongly trust a REP before signing up with them, making it imperative for providers to develop brands that are based upon trust. These and other findings are from the Cogent Syndicated 2020 Texas REP Trusted Brand study by Escalent, a top human behavior and analytics firm.
The study finds that although three in four customers say their REP offers competitive rates and great service, they still expect to shop for a new REP soon. Overall, customer trust among REP brands remains relatively unchanged this year, with the study’s Brand Trust Index dropping only three points to 732 (on a 1,000-point scale). But a large 196-point difference exists between the highest- and lowest-scoring brands and represents an opportunity for highly trusted REPs to attract new business from larger providers scoring lower on brand trust.
“With all providers having attractive rate plans and high service satisfaction, these traits become table stakes for attracting customers. Being a trusted brand is the best way for REPs to stand out from the pack,” said Chris Oberle, senior vice president at Escalent. “Our study shows that all providers are great at marketing their commodity but only a few have earned trusted brand identities. Brands built on trust become customer magnets and are able to retain and grow their customer bases.”
Brand Trust is not only a great way to attract customers, it is also tied to customer loyalty. Customers who have a trusted relationship with their REP are about twice as likely to say they don’t plan on shopping for a new provider.
The Escalent Cogent Syndicated study is a year-long survey of customers of the 50 largest Texas REPs and scores each on a proprietary Brand Trust Index to designate the 10 Most Trusted Brands. Texas consumers trust these providers above other REPs, making them the most likely to wrestle customers away from other providers and build greater loyalty.
Congratulations to the following REPs who have shown their dedication to establishing great trust among their customers.
2020 Most Trusted REP Brands |
||
Texas Retail Provider |
Brand Trust Score |
|
NEC Retail |
823 |
|
Alliance Power |
791 |
|
Green Mountain Energy |
779 |
|
TriEagle Energy |
777 |
|
Champion Energy Services |
755 |
|
Acacia Energy |
752 |
|
4Change Energy |
751 |
|
Constellation |
747 |
|
Amigo Energy |
740 |
|
Cirro Energy |
739 |
|
All Texas Retail Electric Providers Covered in Study |
||||
4Change Energy |
Entrust Energy |
Payless Power |
||
Acacia Energy |
Everything Energy |
Pennywise |
||
Alliance Power |
First Choice Power |
Pogo Energy |
||
Ambit Energy |
Frontier |
Pulse Power |
||
Ameripower |
Gexa Energy |
Reliant Energy |
||
Amigo Energy |
Green Mountain Energy |
Spark Energy |
||
Beyond Power |
Griddy |
Stream Energy |
||
Breeze |
Hino Electric |
Summer Energy |
||
Brilliant Energy |
Iberdrola Texas |
Tara Energy |
||
Champion Energy Services |
IGS Energy |
Think Energy |
||
Chariot Energy |
Infinite Energy |
TriEagle Energy |
||
Cirro Energy |
Infuse Energy |
TXU Energy |
||
Constellation |
Just Energy |
Veteran Energy |
||
CPL Retail Energy |
MP2 Energy |
Windrose Energy |
||
Direct Energy |
NEC Retail |
WTU Retail |
||
Discount Power |
NextEra Energy Services |
Xoom Energy |
||
Our Energy |
YEP Energy |
|||
About Texas REP Trusted Brand™
Cogent Syndicated measures Customer Engagement and Brand Trust among customers of Texas retail electric providers by surveying 5,146 customers across providers based upon data-driven models. The study measures key performance indicators (KPIs) to provide management perspectives on how to improve REP brand positioning, sales and promotion, customer trust, effective messaging, product sales, customer experiences, service quality, customer acquisition and loyalty. Escalent’s Brand Trust Index comprises nine factors: community support, customer focus, communications effectiveness, environmental dedication, local reputation, reliable quality, competitive rates, enhanced offerings, and billing and customer service. The study collects a demographically representative sample across all Texas service territories open for retail electric competition. Escalent will supply the exact wording of any survey question upon request.
About Escalent
Escalent is a top human behavior and analytics firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we tell stories that transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.
Sarah Keller, 734.779.6847
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty” or the “Company”) announced today that members of Liberty management plan to participate in the virtual Bank of America 2020 Digital Energy Forum on Tuesday, September 22, 2020.
Liberty will discuss digital technologies that have been central to the Company’s business strategy since its founding. Presenting at the conference will be Ron Gusek, President, and Dr. Leen Weijers, Vice President of Engineering at Liberty.
Liberty’s DNA is to create value by pushing the frontiers of digital technology in the Energy industry. We combine our strong and adaptive culture with a digital platform and big-data analytics, to optimize operations and elevate productivity through the collection and rigorous analysis of real data. Our technology blueprint encompasses four areas: 1) employ sub-surface engineering and well design to raise well productivity and lower the cost of bringing energy to the world; 2) advance equipment design and operations through engineering, real-time automation and predictive analytics; 3) integrate cloud-based business systems to cost-effectively scale operations; and 4) harness real data to drive technology that significantly reduces environmental impact.
A live webcast and replay will be available at http://investors.libertyfrac.com.
About Liberty
Liberty is an independent provider of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. Liberty was founded in 2011 with a relentless focus on improving tight-oil completions, and an emphasis on customer partnerships and technology to find innovative answers to frac optimization. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
Michael Stock
Chief Financial Officer
303-515-2851
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LONDON--(BUSINESS WIRE)--#africa--The Directional Drilling market will register an incremental spend of about $3 billion, growing at a CAGR of 5.92% during the five-year forecast period. A targeted strategic approach to Directional Drilling sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Key benefits to buy this report:
Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment
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 Directional Drilling 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.
Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Directional Drilling market. The report also aids buyers with relevant Directional Drilling pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.
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Some of the top Directional Drilling suppliers listed in this report:
This Directional Drilling procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
This procurement report helps buyers identify and shortlist the most suitable suppliers for their Directional Drilling requirements by answering the following questions:
Get access to regular sourcing and procurement insights to our digital procurement platform- Contact Us.
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About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo
SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us
Restructuring will Delever Balance Sheet and Immediately Position Company for Long-Term Success, with No Expected Disruption to Customers, Services, Vendors, or Employees
FORT WORTH, Texas--(BUSINESS WIRE)--FTS International, Inc. (NYSE American: FTSI) (“FTSI” or the “Company”) today announced that it has entered into a second amended and restated restructuring support agreement (the “RSA”) with creditors holding approximately 87.55% of the principal amount outstanding of the company’s secured debt (collectively, the “Consenting Creditors”) and intends to file voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas on September 22, 2020 (the “Court”).
To implement the restructuring set forth in the RSA, the Company commenced solicitation of votes on the Company’s prepackaged chapter 11 plan of reorganization (the “Plan”) from the holders of the Company’s 6.250% senior secured notes due 2022 (the “Secured Notes”) and the Company’s term loan facility (the “Term Loan”). The Company intends to commence solicitation of votes from the Company’s existing equity interests following a “first-day” hearing before the Court, expected to be held on or about September 24, 2020.
The Company will continue to operate in the ordinary course of business during the restructuring, supported by the Consenting Creditors’ agreement to allow the Company to use existing cash to fund the chapter 11 cases. As of close of business on September 18, 2020, the Company’s cash balance was $161 million. The Company intends to file a number of customary motions in the chapter 11 cases, including motions to allow the Company to continue to pay employee wages and benefits and make payments to its suppliers and other business partners.
The Plan and related disclosure statement are available at https://dm.epiq11.com/FTSI. Upon the chapter 11 filing, more information about the Company's restructuring, including access to all documents filed with the Court, will be available at https://dm.epiq11.com/FTSI. For further information regarding the restructuring, please contact the Company's solicitation agent, Epiq, at (888) 490-0882 (toll free) or (503) 597-5602 (international), or email them at This email address is being protected from spambots. You need JavaScript enabled to view it..
Kirkland & Ellis LLP and Winston & Strawn LLP are acting as legal counsel, Lazard Frères & Co., LLC is acting as financial advisor, and Alvarez & Marsal LLP is acting as restructuring advisor to the Company in connection with the restructuring.
About FTS International, Inc.
Headquartered in Fort Worth, Texas, FTS is an independent hydraulic fracturing service company and one of the only vertically integrated service providers of its kind in North America.
To learn more, visit www.FTSI.com.
Forward Looking Statements
This press release contains “forward-looking statements” related to future events. Forward-looking statements contain words such as “expect,” “anticipate,” “could,” “should,” “intend,” “plan,” “believe,” “seek,” “see,” “may,” “will,” “would,” or “target.” Forward-looking statements are based on management’s current expectations, beliefs, assumptions and estimates and may include, for example, statements regarding our pursuing protection under Chapter 11 of the Bankruptcy Code (the “Chapter 11 Cases”), the Company’s ability to complete the restructuring, its ability to continue operating in the ordinary course while the Chapter 11 Cases are pending, the results and effects of the restructuring and the entry into a new revolving exit facility. These statements are subject to significant risks, uncertainties, and assumptions that are difficult to predict and could cause actual results to differ materially and adversely from those expressed or implied in the forward-looking statements, including risks and uncertainties regarding the Company’s ability to successfully complete a restructuring under Chapter 11, including: consummation of the restructuring; the Company’s ability to meet certain conditions in the RSA; potential adverse effects of the Chapter 11 Cases on the Company’s liquidity and results of operations; the Company’s ability to obtain timely approval by the bankruptcy court with respect to the motions filed in the Chapter 11 Cases; objections to the Company’s recapitalization process or other pleadings filed that could protract the Chapter 11 Cases; employee attrition and the Company’s ability to retain senior management and other key personnel due to the distractions and uncertainties; the Company’s ability to comply with financing arrangements; the Company’s ability to maintain relationships with suppliers, customers, employees and other third parties and regulatory authorities as a result of the Chapter 11 Cases and other matters; the effects of the Chapter 11 Cases on the Company and on the interests of various constituents, including holders of the Company’s common stock; the bankruptcy court’s rulings in the Chapter 11 Cases, including the approvals of the terms and conditions of the restructuring and the outcome of the Chapter 11 Cases generally; the length of time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the Chapter 11 Cases; risks associated with third party motions in the Chapter 11 Cases, which may interfere with the Company’s ability to consummate the restructuring or an alternative restructuring transaction; increased administrative and legal costs related to the Chapter 11 process; potential delays in the Chapter 11 process due to the effects of the COVID-19 virus; and other litigation and inherent risks involved in a bankruptcy process. Forward-looking statements are also subject to the risk factors and cautionary language described from time to time in the reports the Company files with the U.S. Securities and Exchange Commission, including those in the Company’s most recent Annual Report on Form 10-K and any updates thereto in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These risks and uncertainties may cause actual future results to be materially different than those expressed in such forward-looking statements. The Company has no obligation to update or revise these forward-looking statements and does not undertake to do so.
Lance Turner
Chief Financial Officer
817-862-2000
PURPLESUNTM, in partnership with Hackensack Meridian Health and Northwell Health, form a private sector partnership to provide FMUV Shadowless DeliveryTM light decontamination technology to Government Agencies
NEW YORK--(BUSINESS WIRE)--PURPLESUN Inc. is a technology company on a mission to transform healthcare and provide a sustainable impact for the healthiest environments. Amid the COVID-19 crisis, there is light. PurpleSun designs and manufactures hospital grade mechatronic systems that are user friendly and provide a special type of Focused Multivector Ultraviolet (FMUV) light technology, for the purpose of disinfection in 90 seconds.
PurpleSun uses proprietary FMUV – focused light energy to improve germicidal effectiveness and speed – to quickly kill off organisms, as proven by several top publications, including the American Journal of Infection Control.
After extensive electrical and ultraviolet light emission testing, including risk mitigation analysis, the PurpleSun E300 was certified to the Standard, IEC 61010-1, by Underwriters Laboratory. The E300 modular and mobile PurpleSun system can be used to treat equipment and rooms while people continue to work around the system safely.
With a community of innovative minds from top executives, clinicians and board members at Hackensack Meridian Health, Northwell Health, and PurpleSun -- the trio collaborated to provide access to PurpleSun technology to government agencies in order to help protect the crew and pilots to maximize operational readiness of their no-fail mission criteria.
Hackensack Meridian Health is a leading not-for-profit health care organization that is the most comprehensive and truly integrated health care network in New Jersey.
“We’re proud to help our crew members protect against the common enemy, COVID-19,” said Robert C. Garrett, CEO of Hackensack Meridian Health. “PurpleSun was one of the first investments made through our innovative Bear’s Den incubator program. Now that we’re in the thick of this pandemic, the choice of such an innovative disinfection technology seems more prescient than ever.”
Northwell Health is New York State’s largest health care provider.
“PurpleSun has played an important role in our fight against COVID-19. When the call came to support this initiative, the team stepped up to make the partnership happen - yet another testament to the culture at Northern Westchester Hospital and Northwell Health. Northern Westchester Hospital, along with Staten Island University Hospital and Cohen Children’s Medical Center were the first hospitals to purchase and use PurpleSun in our efforts to enhance disinfection. Having purchased multiple devices, we were able and proud to extend the technology to the government to protect their pilots and crew during this time of crisis,” said Derek Anderson, Executive Director of Northern Westchester Hospital.
To learn more about this initiative, contact us or visit www.PurpleSun.com
Data: https://www.ajicjournal.org/article/S0196-6553(19)30901-0/fulltext
United State Air Force // Armed Forces/DCNG//113th Wing do not endorse or imply the endorsement of this Non- Federal entity // #PSP // United State Air Force is used as a general term and not to imply endorsement
North 6th Agency for PurpleSun
Carrie Booze
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NEW YORK--(BUSINESS WIRE)--Tortoise Acquisition Corp. (NYSE: SHLL) (“TortoiseCorp”) reminds stockholders to vote in favor of the proposed business combination between TortoiseCorp and Hyliion Inc. (“Hyliion”), and the related proposals, to be voted upon at TortoiseCorp’s Special Meeting of Stockholders scheduled to be held virtually on Monday, September 28, 2020, at 9:30 am Eastern time (the “Special Meeting”), as described in TortoiseCorp’s definitive proxy statement, dated September 8, 2020 (the “Proxy Statement”).
Every stockholder’s vote is important, regardless of the number of shares the stockholder holds. Accordingly, TortoiseCorp requests that each stockholder complete, sign, date and return a proxy card, if it has not already done so, to ensure that such stockholder’s shares will be represented at the Special Meeting. Stockholders which hold shares in “street name,” meaning that their shares are held of record by a broker, bank or other nominee, should contact their broker, bank or nominee to ensure that their shares are voted.
In connection with the proposed business combination, TortoiseCorp filed the Proxy Statement with the U.S. Securities and Exchange Commission (the “SEC”) on September 8, 2020, and the Proxy Statement and proxy card were mailed shortly thereafter to stockholders of record as of the close of business on August 24, 2020. The Proxy Statement is available on the Investor Information section of TortoiseCorp’s website, as well as www.sec.gov. TortoiseCorp stockholders are encouraged to read the definitive proxy materials, including, among other things, the reasons for TortoiseCorp’s Board of Directors’ unanimous recommendation that stockholders vote “FOR” the business combination and the other stockholder proposals set forth in the proxy materials as well as the background of the process that led to the pending business combination with Hyliion.
Holders of TortoiseCorp’s shares of Class A Common Stock and Class B Common Stock at the close of business on the record date of August 24, 2020 are entitled to vote their shares either online or by proxy at the Special Meeting. TortoiseCorp stockholders who need assistance in completing the proxy card, need additional copies of the proxy materials, or have questions regarding the Special Meeting may contact TortoiseCorp’s proxy solicitor, Morrow Sodali LLC, by telephone at (800) 662-5200 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Tortoise Acquisition Corp.
Tortoise Acquisition Corp. (NYSE: SHLL) is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. TortoiseCorp’s expertise spans across the entire energy and infrastructure value chain. Our strategy has been to combine with a company to take advantage of the global opportunities created by the energy transition including clean energy generation and storage, alternative fuels and transportation, technological advances and changes in energy policies.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding TortoiseCorp’s proposed acquisition of Hyliion and TortoiseCorp’s ability to consummate the transaction are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, TortoiseCorp disclaims any duty to update any forward looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. TortoiseCorp cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of TortoiseCorp. In addition, TortoiseCorp cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TortoiseCorp or Hyliion; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of TortoiseCorp, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts TortoiseCorp’s or Hyliion’s current plans and operations; (v) Hyliion’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Hyliion to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) changes in applicable laws or regulations; and (viii) the possibility that Hyliion may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TortoiseCorp’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. TortoiseCorp's SEC filings are available publicly on the SEC’s website at www.sec.gov.
Investor Contact:
Morrow Sodali LLC
Donna Corso or Ryan Loveless
(800) 662-5200
(Banks and Brokers call collect at (203) 658-9400)
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HOUSTON--(BUSINESS WIRE)--Morrison, a leading energy service company for the oil, gas and renewables industries, announces the contract award by Hoactzin Partners, L.P. (Hoactzin) for a turnkey decommissioning project located within the shallow waters of the Gulf of Mexico. Morrison will be responsible for the total field decommissioning for the six structures within the Hoactzin facility providing fully managed end-to-end decommissioning services.
“What we can provide is extremely unique in that we are one of very few U.S. contractors in the region with the portfolio of experience to provide full decommissioning management packages,” stated Morrison CEO Chet Morrison. “We continue to establish trust and confidence with all parties, including regulators, demonstrating to the decommissioning industry our position as an industry leader.”
To further Morrison’s commitment to the decommissioning market, and supplement the existing in-house expertise, the company made a strategic move earlier this year by hiring industry expert Jon Minshall. With over 30 years of industry experience, including decommissioning projects in North America and Europe, Minshall brings a wealth of knowledge and experience to Morrison. His extensive background also includes management of projects and business units in the oil and gas, civil engineering and marine salvage industries in over 30 countries worldwide.
“Decommissioning obligations can put a strain on some operators’ liquidity, may become human resource challenging, and often requires a significant corporate focus,” commented Minshall, business strategies and global operations. “By providing services for all phases of total field decommissioning, we can relieve operators of the inevitable, sizeable workload and financial burden of these facilities.”
Through its strategic efforts to help organizations reduce their decommissioning liabilities and protect the reputations of all parties, Morrison has become an effective partner for single-source contracting that can deliver a solutions-driven approach to operators within the Gulf of Mexico and beyond.
To learn more about Morrison’s decommissioning experience and capabilities, please visit Morrisonenergy.com/decommissioning.
ABOUT MORRISON
Chet Morrison Contractors, LLC (Morrison) is an energy service company that delivers integrated infrastructure solutions to clients in the oil and gas and renewables industries. With more than 38 years of experience, worldwide facilities and a wide range of specialized resources, the company prides itself on providing creative alternatives and value-added solutions to every project, both onshore and offshore. The company adheres to the highest standards of quality and safety with uncompromising regard for the environment. For more information, visit: www.morrisonenergy.com.
Kelly Reeves
VP of Marketing
Morrison
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985-858-3112
DALLAS--(BUSINESS WIRE)--Energy Transfer Operating, L.P. (“ETO”) announced today that it has notified the New York Stock Exchange (the “NYSE”) of its intention to voluntarily delist its 4.250% Senior Notes due 2023, 5.875% Senior Notes due 2024, and 5.500% Senior Notes due 2027 (collectively, the “Notes”) from the NYSE (the “Delisting”), and intends to file a Notification of Removal from Listing on Form 25 relating to the Delisting on or about October 1, 2020 (the “Form 25”) with the Securities and Exchange Commission (the “SEC”). The Delisting will be effective on the 10th day following filing of the Form 25, and the Notes will no longer trade on the NYSE effective on such date.
Following the Delisting, holders of the Notes will continue to interact with and receive interest payments through the trustee, U.S. Bank National Association, and the Notes will continue to be traded over-the-counter. ETO has not made arrangements for the listing and/or registration of the Notes on another national securities exchange or quotation medium.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Energy Transfer Operating, L.P. owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins, its core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. Energy Transfer Operating, L.P. also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interest and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). Energy Transfer Operating, L.P.’s general partner is owned by Energy Transfer LP (NYSE: ET).
Statements about the Delisting may be forward-looking statements as defined under federal law. Forward-looking statements can be identified by words such as “anticipates,” “believes,” “intends,” “projects,” “plans,” “expects,” “continues,” “estimates,” “goals,” “forecasts,” “may,” “will” and other similar expressions. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of ETO, and a variety of risks that could cause results to differ materially from those expected by management of ETO. Important information about issues that could cause actual results to differ materially from those expected by management of ETO can be found in ETO’s public periodic filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Reports for the fiscal quarters ended March 31, 2020 and June 30, 2020. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic and the recent decline in commodity prices, and we cannot predict the length and ultimate impact of those risks. ETO undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Energy Transfer Operating, L.P.
Investor Relations:
William Baerg, Brent Ratliff, Lyndsay Hannah, 214-981-0795
or
Media Relations:
Vicki Granado and Lisa Dillinger, 214-840-5820
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