Unveils Evolved Brand Inspiring Consumers to “Shop Boldly” with Confidence Online

CHICAGO & MEMPHIS, Tenn.--(BUSINESS WIRE)--Today, ShopRunner, a subsidiary of FedEx, announced the launch of the new ShopRunner mobile application, which provides consumers with a simple, streamlined experience throughout the entire shopping journey from discovery to tracking. With overwhelming brand choice, ever-changing return policies, and tracking number disorganization, the ShopRunner app helps cut through the frustrating online shopping experiences that consumers encounter regularly and provides a single destination to discover, order, track, and return with ease.

ShopRunner is also unveiling an evolved brand and new campaign to inspire consumers to “Shop Boldly.” ShopRunner’s new look and feel reflects the platform’s focus on making shopping experiences simple and putting confidence back in how people shop online. Since combining the power of the ShopRunner platform with the strength of the FedEx network and services, ShopRunner has increased its member base while extending its reach to new merchants and consumers.

“ShopRunner is giving e-commerce the makeover it deserves through an approachable mobile app to help people overcome today’s frustrating and overwhelming online shopping experience,” said Claude Russ, CEO of ShopRunner. “With simplicity at the center of ShopRunner, our goal is to unlock a more enjoyable way to shop while also making it easier for merchants to build loyalty with their customers.”

Unexpectedly Simple

The ShopRunner app is designed to alleviate the cumbersome e-commerce shopping experience by simplifying it. Now, through its mobile app, ShopRunner is changing the way people navigate online shopping. With a single mobile entryway, each member’s feed can be optimized through their browsing and purchase history to discover new brands and connect with their favorites. Most importantly, members can purchase, ship, track, and return items in an easy, safe, and secure experience through an intuitive interface.

Members can also enjoy benefits including free two-day shipping, free returns, member-exclusive discounts, and seamless checkout. ShopRunner’s data-driven marketing and omnichannel enablement capabilities can also help merchants acquire high-value customers and accelerate their digital innovation by using ShopRunner’s e-commerce platform.

What Consumers Can Expect

ShopRunner already connects millions of its members to their favorite brands, enabling an easy and intuitive shopping experience, from inspiration through delivery. Members will have a single destination to discover, track, and return goods at the swipe of a finger, specifically:

• Access to diverse brands and retailers across beauty, fashion, electronics, home and more
• Dynamic customer support content tailored to where an order is on its journey to help the customer and provide answers in the most direct way possible
• An optimized feed available for members to explore new brands and goods inspired by their securely stored purchase and browsing history
• Fast and free delivery and returns
• Automatic tracking once enrolled for ShopRunner online orders that’s shipper agnostic, so you know so you know where an item you ordered is in its journey to you

To learn more about ShopRunner click www.shoprunner.com

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $95 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 550,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

About ShopRunner

ShopRunner, a FedEx subsidiary, connects its millions of members with free 2-day shipping and free returns as well as exclusive, member-only offers and benefits from their favorite stores. For retailers, ShopRunner helps drive frictionless ecommerce through a comprehensive product suite backed by rich consumer insights and data science.

Caty Gray
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Partnership to offer dual certification pathways for LEED and WELL, designed to help the global building sector lead on climate and health

SAN FRANCISCO--(BUSINESS WIRE)--The U.S. Green Building Council (USGBC) and the International WELL Building Institute (IWBI) announced today an expansion of their strategic partnership to accelerate the adoption of buildings that prioritize people, communities and the natural environment.

Beginning in early 2023, the partnership will focus on streamlining the process for achieving dual WELL and LEED certifications through a two-way crosswalk and a coordinated third-party review overseen by Green Business Certification Inc. (GBCI), the premier organization for independently recognizing excellence in green building performance and practice globally.

“By forging this stronger alliance with USGBC, we’re not only taking substantial steps to better support the uptake of WELL and LEED together, we’re also sending a powerful market signal that sustainability and health must go hand-in-hand,” said Rachel Hodgdon, President and CEO, IWBI. “IWBI and USGBC share a deep, collaborative ethos. This is a pivotal moment to double down on this partnership and seize opportunities to unlock new ideas and efficiencies, ignite more innovation and inspire our global community.”

In addition, through the partnership, USGBC and IWBI will extend and expand their shared efforts across several other priorities, including social equity, sustainable finance and advocacy.

“This is the next chapter in our partnership with IWBI, which has brought global attention and leadership to improving health and well-being in buildings and organizations around the world,” said Peter Templeton, President and CEO, USGBC and GBCI. “Not only are we doing more to bridge LEED and WELL in the market, we’re also coordinating across shared organizational objectives, such as elevating equity in the built environment, opening up new sources of capital for green and healthy buildings and bringing a unified voice to our shared priorities.”

The partnership will also explore future opportunities to accelerate the adoption of LEED and WELL, as well as the development of new tools and resources to support a growing green workforce.

About the International WELL Building Institute
The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people-first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL) and WELL ratings, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources, and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.

International WELL Building Institute pbc is a wholly owned subsidiary of Delos Living LLC. International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL Portfolio, WELL Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rating, WELL Health-Safety Rated, WELLEquity, WELL Performance Rated, WELL Performance Rating, Works with WELL, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute pbc in the United States and other countries.

About USGBC
The U.S. Green Building Council (‘USGBC’) is committed to a prosperous and sustainable future through cost-efficient and energy saving green buildings. USGBC works toward its mission of market transformation through its LEED green building program, robust educational offerings, an international network of local community leaders, the annual Greenbuild International Conference & Expo, the Center for Green Schools and advocacy in support of public policy that encourages and enables green buildings and communities. For more information, visit usgbc.org and connect on Twitter, Facebook and LinkedIn.

Media contact:
Kristen Coco
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NEW YORK--(BUSINESS WIRE)--Subsea Environmental Services (“Subsea” or the “Company”), a subsea telecom services and recycling company, has announced a strategic partnership with Orion Infrastructure Capital (“OIC”). The capital investment will provide the Company up to $31 million to support vessel acquisitions, expansion of their submarine cable portfolio and other growth opportunities.

Based in New York City, Subsea recovers and decommissions out-of-service (“OOS”) submarine telecommunications cables. Since commencing marine operations in 2014, Subsea has recovered over 40,000 kilometers of OOS cable from the seabed. The recovered cable is processed and the recycled materials, including ferrous and non-ferrous metals as well as high-grade plastics, are then reintroduced into the supply chain offsetting consumption of newly-mined and virgin production material. In addition to recovering and recycling its own deep-water submarine cables, Subsea also provides shore-end decommissioning and logistics services to the telecoms industry.

“With OIC’s capital infusion and our eight years of operating history, we are now well-positioned to leverage our expertise and accelerate growth of the business,” said John Theodoracopulos, Subsea’s Managing Partner. “We are excited to partner with OIC who share our vision of environmental stewardship and understand the excellent opportunity presented during this period of unprecedented growth in submarine telecoms infrastructure.

“Subsea is a leader in the niche market of recovery and recycling of OOS submarine cables and we couldn’t be more excited to be a part of it,” said Jeremy Glick, Managing Director and Head of Infra Growth. “This partnership aligns with OIC’s strategy to provide flexible capital to growing companies that support sustainable infrastructure and resource recovery.”

EF Hutton, division of Benchmark Investments, LLC, served as financial advisor to Subsea.

About Subsea Environmental Services

Subsea was founded on the principal that the responsible recovery and recycling of retired submarine cables is good for both business and the environment. Subsea performs all cable recovery operations in strict compliance with International Cable Protection Committee (ICPC) recommendations. Similarly, all associated marine and recycling operations are performed in conformance with good industry practices and regulations. Subsea has a portfolio of approximately 100,000 kilometers of OOS cable, and utilizes its own equipment and experienced crews as well as assets of opportunity for operations. For more information, please visit www.subsea.cc.

About OIC

With approximately $3 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, social infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation, and agriculture. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of 36 professionals based in New York, Houston and London. For more information, please visit www.OIC.com.

Contact information for Subsea Environmental Services:
+1 (212) 759-2031
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Contact information for OIC:
Reyno Norval
+1 (212) 292-0345
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Appoints Tom Hofmann as CIO and names Patrick Gardner as first CPO to support company’s rapid growth

NEW YORK--(BUSINESS WIRE)--#DevOps--On the heels of a year of rapid growth that includes two acquisitions, Flashpoint, the globally trusted leader in actionable risk intelligence, today introduced Tom Hofmann as Chief Intelligence Officer (CIO) and Patrick Gardner as Chief Product Officer (CPO). Together, they bring more than 40 years of experience delivering intelligence and security products that help commercial and government organizations successfully identify cyber and physical threats, prevent attacks, and holistically reduce risk.

As CIO, Hofmann is responsible for Flashpoint’s overall intelligence strategy, including the norms, values, systems, processes, and culture of the company’s world-class analyst team. Prior to joining Flashpoint, Hofmann led cyber threat intelligence (CTI) operations at PNC, managed CTI collections at Booz Allen, and served as an Information Warfare Officer for the US Navy.

“Tom is one of the foremost intelligence and security experts in the world,” says Flashpoint CEO Josh Lefkowitz. “His experience, thought leadership, strong empathy with our customers, and perennial adaptability has transformed an incredibly talented group of individual analysts into a high-functioning, cross-collaborative team that efficiently handles the most difficult challenges our customers face today—from preventing ransomware attacks and card fraud to delivering on-the-ground situational awareness that supports national security and public safety missions.”

Gardner is a former executive at Symantec who most recently served as CTO at Time By Ping, an enterprise time-tracking software company. As CPO, Gardner will be responsible for Flashpoint’s overall product strategy, vision, and execution—delivering to customers a platform that helps them quickly identify and remediate risk across multiple use cases while leveraging artificial Intelligence and automation to accelerate repeatable security-related processes.

“In today’s world, threats are cross-functional. What drew me to Flashpoint is its mission to help protect our customers’ assets, infrastructure, and personnel, and its firm belief that intelligence matters everywhere in organizations—not just for a single team,” says Gardner. “I’m energized to lead the way in realizing our vision as a singular risk intelligence platform that empowers organizations to detect threats holistically and work cross-functionally to mitigate them rapidly.”

This year, Flashpoint completed two key acquisitions to support its growth as the go-to risk intelligence suite for CTI, Vulnerability Management, Corporate Security, Public Safety, National Security, and Government teams. In January, Flashpoint acquired vulnerability intelligence leader Risk Based Security (RBS); and in August, Flashpoint acquired open source intelligence leader Echosec Systems.

“As the security vendor consolidation trend continues, Chief Security Officers, Chief Risk Officers, and Intelligence leaders in the Global 2000 and public sector are mitigating risk daily in an increasingly volatile world and economy,” says Flashpoint President Donald Saelinger. “The same holds true for our public sector customers who rely on Flashpoint’s open-source intelligence for geopolitical risk assessments, counterterrorism missions, misinformation and disinformation identification and response, crisis response, and more. We couldn’t be more excited for Tom and Patrick to work together to deliver solutions that bring our clients’ security and intelligence programs to the next level.”

To learn more about how Flashpoint can help the security teams in your organization detect, prioritize, and mitigate threats faster, reach out for a free trial.

About Flashpoint

Trusted by governments, commercial enterprises, and educational institutions worldwide, Flashpoint helps organizations protect their most critical assets, infrastructure, and stakeholders from security risks such as cyber threats, ransomware, fraud, physical threats, and more. Leading security practitioners—including physical and corporate security, cyber threat intelligence (CTI), vulnerability management, and vendor risk management teams—rely on the Flashpoint Intelligence Platform, comprising open source (OSINT) and closed intelligence, to proactively identify and mitigate risk and stay ahead of the evolving threat landscape. Learn more at flashpoint.io.

Kari Walker
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Jonathan Zalman
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FAYETTEVILLE, Ark.--(BUSINESS WIRE)--White River Energy Corp (“White River”) (OTC: WTRV), today announced its participation in an upcoming retail investor-focused event. The virtual event is scheduled to take place on Monday, November 14, 2022 at 11:00am ET. Randy May, Executive Chairman and Jay Puchir, CEO of White River Energy will present an overview of the company and participate in a “fireside chat” style Q&A session.

The livestream of this event will be webcast live and can be accessed at https://www.openexchange.tv/share-series. An archived replay will be available on the SHARE Series website for approximately 90 days following the event.

About White River Energy Corp

White River is a vertically integrated energy company with oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.

White River Energy Investor Relations:
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DUBLIN--(BUSINESS WIRE)--The "Alternator Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.

Alternators Market are the devices that convert any kind of mechanical energy from a prime mover into alternating electric power (AC current), at specific voltage and frequency. Since its first introduction, alternators have become an essential part of modern day power generation system.

Rising demand for power for a variety of applications has resulted into an increase in the penetration of alternators. Applications such as automotive, industrial manufacturing and Processing, power plants and many others make extensive use of alternators in order to fulfill their power requirement. Alternators are used extensively in power generation plants using non-conventional energy sources.

The post-recession revival of the automotive industry is one of the major factors contributing to the rise in demand for alternators. Every modern day on-road vehicle is equipped with an alternator in order to provide AC electric supply to different modules of the vehicle. With the consistent rise in automotive industry, the demand for alternator is also expected to demonstrate considerable growth during the forecast period.

Similarly, perpetually rising power consumption across applications such as marine, telecommunication towers, commercial and residential infrastructures is another prominent factor promoting the alternator market. In addition, alternators are used for locomotive traction motors, marine and mining application. Growing heavy industries and consistent rising demand for AC power supply is expected to continue boosting the overall alternator market in the following years.

In order to help strategic decision makers, the report also includes competitive profiling of the leading alternator manufacturers, their strategies, market positioning and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the alternator market.
• Market fuellers, market impediments, and their impact on the market growth
• Market inclination insights including evolution of alternators and key trend analysis for alternator market
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 - 2021)
• SRC (Segment-Region-Country) Analysis 

Market Segmentation

Voltage Range

• Low Voltage
• Medium Voltage
• High Voltage

Design

• Salient Pole Type
• Smooth Cylindrical Type

Application

• Automotive
• Industrial
• Marine
• Power Plant
• Stand-by Power
• Others

Region Segment (2020-2030; US$ Million)

• North America
• U.S.
• Canada
• Rest of North America
• UK and European Union
• UK
• Germany
• Spain
• Italy
• France
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Million )

• Pre Covid-19 situation
• Post Covid-19 situation

Key Questions Answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Alternator market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Alternator market?
• Which is the largest regional market for Alternator market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Alternator market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Alternator market worldwide?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Alternator Market: Business Outlook & Market Dynamics

4. Alternator Market: By Voltage Range, 2020-2030, USD (Million)

5. Alternator Market: By Design, 2020-2030, USD (Million)

6. Alternator Market: By Application, 2020-2030, USD (Million)

7. North America Alternator Market, 2020-2030, USD (Million)

8. UK and European Union Alternator Market, 2020-2030, USD (Million)

9. Asia Pacific Alternator Market, 2020-2030, USD (Million)

10. Latin America Alternator Market, 2020-2030, USD (Million)

11. Middle East and Africa Alternator Market, 2020-2030, USD (Million)

12. Company Profile

Companies Mentioned

• Controlled Power Technologies Ltd.
• Valeo Group
• Lucas Electrical Ltd.
• Controlled Power Technologies Ltd.
• ASIMCO Technologies Ltd.
• Hitachi Automotive Systems Ltd.
• Hella KGaA Hueck & Co
• Mitsubishi Electric Corporation
• The Bosch Group
• Denso Corporation
• Mitsuba Corporation
• Cummins Inc.
• Emerson
• Electric Co.

For more information about this report visit https://www.researchandmarkets.com/r/jcapfn

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today at its FLNG Investor Day in Texas that the Company is raising its full year 2022 Illustrative Adjusted EBITDA Goal⁽¹⁾ to ~$1.1 billion (from $1.0+ billion) and its full year 2023 Illustrative Adjusted EBITDA Goal to ~$2.5+ billion (from $1.5+ billion).

The increases in NFE’s illustrative goals are due to portfolio optimization and higher operating margins in our core business lines, as well as – most significantly – the expected on-schedule deployment of our first floating liquefaction unit (“FLNG 1”) in the first half of 2023.

“We continue to execute our strategy of growing our LNG supply portfolio through the deployment of floating LNG infrastructure, enhancing energy security around the world while delivering superior returns to our shareholders,” said Wes Edens, Chairman and Chief Executive Officer of NFE. “Our integrated business is uniquely positioned both to respond to unprecedented near-term market opportunities and to convert our LNG volumes to longer term contracts to serve downstream energy customers.”

Investor Day

NFE is hosting its FLNG Investor Day today at the Kiewit Offshore Services (“KOS”) shipyard near Corpus Christi, Texas. Specializing in the fabrication and integration of offshore projects, the 555-acre KOS facility is home to NFE’s Fast LNG program and the ongoing conversion of marine infrastructure into floating liquefaction units.

“We are proud of the efficient and repeatable process we have developed – essentially an FLNG factory – that substantially reduces the cost and time to build incremental liquefaction capacity the global energy market so urgently needs,” continued Mr. Edens. “We are pleased to host investors and analysts today at this world-class facility in Texas, where they have an opportunity to see the significant progress we are making toward mechanical completion of our first FLNG unit in March 2023.”

For additional information on NFE’s FLNG Investor Day, please refer to the presentation and other event materials posted on the Investors section of NFE’s website.

About New Fortress Energy

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure, ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations seek to support global energy security, enable economic growth, enhance environmental stewardship, and transform local industries and communities around the world.

Cautionary Language Regarding Forward-Looking Statements

This communication contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: illustrative financial and other similar metrics, including expected financial growth and expectations for returns to shareholders, among others; the development, construction, completion and operation of Fast LNG facilities on time, within budget and within the expected specifications and design; our ability to execute our strategic vision; the anticipated benefits and efficiencies to be derived from our projects; our ability to leverage our platform to support our growth strategy; and anticipated benefits and efficiencies to be derived from the design of Fast LNG technology and location of our projects, including reductions in timelines, cost-efficiency, and scalability. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved.

These forward-looking statements are necessarily estimates based upon current information and are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: unknown and unforeseen risks associated with the development of new technologies such as the Fast LNG technology, including failure to meet design and engineering specifications, incompatibility of systems, delays and schedule changes, high costs and expenses, regulatory and legal challenges, instability or clarity of application of laws, and rules and regulations to the technology, among others; risks related to the development, construction, completion or commissioning schedule for the facilities; cyclical or other changes in the demand for and price of LNG and natural gas; the gas reserves offshore in the expected locations may not be as extensive as we expect; inability to realize the anticipated benefits from the technology, including the cost and time savings anticipated; the receipt of permits, approvals and authorizations from governmental and regulatory agencies on a timely basis or at all; new or changes to existing governmental policies, laws, rules or regulations, or the administration thereof; adverse regional, national, or international economic conditions, adverse capital market conditions and adverse political developments; and the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements, even though our situation may change in the future.

⁽¹⁾ Please refer to the presentation and other event materials for information about terms, including “Illustrative Adjusted EBITDA Goal,” which means our goal for Adjusted EBITDA under certain illustrative conditions. Illustrative economics are targeted values based on specified assumptions rather than management’s view of projected results. Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.

Investors
Patrick Hughes
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Media
Jake Suski
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NEW YORK--(BUSINESS WIRE)--Capital Energy Services, New York City’s premier energy brokerage firm has relocated its headquarters to a larger space situated on Broadway and Exchange Place in the financial district, to accommodate new growth and advance the operations of the company. The space includes a brand-new state-of-the-art build-out and panoramic views of the Hudson River and World Trade Center.

“We are excited to have relocated as the new space will allow for the next phase of expansion and acquisition of new talent,” said Caleb Berger, Capital Energy’s President and CEO. “It is quite an interesting time in our industry, and we aim to capitalize on the opportunities it brings.”

Capital Energy’s expansion comes during an unprecedented period of commodity price inflation and a global energy crisis which has left analysts bewildered and the doors of several firms shuttered. According to Dax Martinez, Director of Sales at Capital Energy, “Volatility can be daunting if you lose sight of the big picture. Ultimately, it only makes us more valuable to our prospects and clients.”

Founded in 2010, Capital Energy Services has built itself to be one of the largest and most respected brokerages in the deregulated retail energy space while still delivering a boutique customer experience. Capital Energy prides itself on its creative approach to energy sales as well as its convivial corporate culture. Energy consultants and sales professionals interested in joining the team can email This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.capitalenergyservices.com.

PR Contact:
Brian Silver - 888-580-5808

All-electric, solar- and battery-powered energy-smart connected communities offer greater energy-efficient and resilient new homes.

Leading homebuilder in sustainability partners with the U.S. Department of Energy, SunPower, University of California, Irvine, Southern California Edison, Schneider Electric and Kia to develop microgrid communities.

LOS ANGELES--(BUSINESS WIRE)--#BuiltOnRelationships--KB Home (NYSE: KBH) today announced that it has launched the first all-electric, solar- and battery-powered, microgrid communities in California. The homebuilder has partnered with the U.S. Department of Energy (DOE), SunPower Corp. (NASDAQ: SPWR), the Advanced Power and Energy Program at the University of California, Irvine, Southern California Edison^®, Schneider Electric™ and Kia^® to test the energy-efficient and resilient new homes located at KB Home’s Oak Shade and Durango communities within its popular Shadow Mountain master plan in Menifee, California.

Every new KB energy-smart connected home at these communities will be equipped with smart technologies and a backup battery, plus community microgrid connectivity. These innovative features are designed to work together to provide a self-supporting energy system that powers a specific neighborhood with a community battery and has the capability to operate independently during a grid outage. Additionally, these new KB homes will offer a set of benefits compared to homes without these features, including:

• Reduced Energy Usage: Innovative technology, coupled with advanced home design and certifications, enable homeowners to decrease energy usage by 40%, while potentially lowering energy costs.

• Essential Protection: Homeowners can switch to battery energy use in case of an outage and disconnect from the grid to help maintain the home’s essential energy functions continue to operate for a certain period of time.

• EV Charger Ready: All homes will be wired to be smart charger ready. Additionally, some homes in the communities will be testing bidirectional electric vehicle (EV) chargers, which, during a power outage, enables the EV to be another source of energy.

• Convenient Real-Time Monitoring: Homeowners will enjoy the convenience and advantage of app-based monitoring and control to easily customize and track their energy usage and storage.

• Less Environmental Impact: These home and community features in combination can help lower homebuyers’ carbon footprint and conserve precious natural resources.

• Trusted Certifications: Every energy-smart connected home will be certified as a DOE-designated Zero Energy Ready Home (ZERH), reflecting a high level of performance with rigorous requirements that build on the Environmental Protection Agency’s (EPA) ENERGY STAR^®, WaterSense^® and Indoor airPLUS programs, and will be verified by a qualified third party.

“KB Home has been at the forefront of deploying advanced technologies and energy solutions for the benefit of our homebuyers. In our pursuit of building better homes, better communities and a better future, we believe that our all-electric, solar- and battery-powered homes at Oak Shade and Durango in Menifee, California have the potential to deliver significant energy savings,” said Jeffrey Mezger, KB Home’s Chairman, President and Chief Executive Officer. “Working with industry and academic leaders, we plan to explore how these energy-smart connected communities can help protect the environment and turn our homes into their own power centers designed to deliver resiliency while also reducing the overall cost of long-term homeownership.”

The project partners will conduct research to measure the energy efficiency of each energy-smart connected community in comparison to traditional residential solar communities. They will explore how to build all-electric homes that will more effectively meet the requirements of future energy codes and how an energy-smart connected community, energy storage batteries and bidirectional EV chargers can work together to maximize efficiency and comfort — and help keep the power on for a certain period of time at a community level. The research will continue throughout and beyond the development cycle of both communities.

KB Home is the #1 energy-efficient national homebuilder. The company was the first builder to make every home it builds ENERGY STAR certified and has built over 160,000 ENERGY STAR certified new homes since 2000, more than any other builder, delivering a level of advanced energy efficiency met by fewer than 10% of new homes built in America. ENERGY STAR certified homes help lower the cost of ownership and are designed to be healthier, more comfortable and better for the environment than homes without certification.

KB Home estimates that its sustainably designed homes have cumulatively reduced energy utility bills for its homeowners by an estimated $856 million. Additionally, to date, these KB homes have reduced CO₂ emissions by an estimated cumulative 6.3 billion pounds, the equivalent of removing 616,000 gasoline-powered passenger vehicles from the road for one year. The homebuilder has also delivered over 14,000 solar homes, achieving 44 cumulative megawatts of solar power installed and producing an estimated total of 75 million total kilowatt hours of renewable energy annually.

KB Home is the only national builder to have earned awards under all of EPA’s homebuilder programs, including ENERGY STAR, which establishes energy-efficiency standards, WaterSense, which outlines water-efficiency standards, and Indoor airPLUS, which focuses on indoor air quality. The company’s sustainability leadership was recognized by Newsweek^®, with the company being the only homebuilder named to the national publication’s prestigious list of America’s Most Responsible Companies two years in a row.

For more information on KB Home’s sustainability initiatives and how the company is building better homes, better communities and a better future, visit kbhome.com/sustainability.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilders in the United States and has built over 655,000 quality homes in our 65-year history. Today, KB Home operates in 47 markets from coast to coast. What sets KB Home apart is the exceptional personalization we offer our homebuyers — from those buying their first home to experienced buyers — allowing them to make their home uniquely their own, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first builder to make every home it builds ENERGY STAR^® certified, a standard of energy performance achieved by fewer than 10% of new homes in America and has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to be healthier, more comfortable, and better for the environment than new homes without certification. We build strong, personal relationships with our customers, so they have a real partner in the homebuying process. As a result, we have the distinction of being the #1 customer-ranked national homebuilder in third-party buyer satisfaction surveys. Learn more about how we build homes built on relationships by visiting kbhome.com.

Craig LeMessurier, KB Home
925-580-1583
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PG&E and The PG&E Corporation Foundation, UC Berkeley, and Mills College at Northeastern University Team Up to Support 25 African American Oakland and Bay Area Students

OAKLAND, Calif.--(BUSINESS WIRE)--In an effort to address wealth inequality and the racial wealth gap affecting African Americans, Pacific Gas and Electric Company (PG&E) and The PG&E Corporation Foundation (The Foundation) are partnering with the Haas School of Business at the University of California, Berkeley and Berkeley Executive Education, Mills College at Northeastern University, and Amenti Capital Group to prepare African American Oakland and Greater Bay Area high school students for future financial success and academic leadership.

The Economic Equity and Financial Education Pilot Program is a two-semester course on advanced financial education taught at the Haas School of Business. The 25 students who successfully complete this rigorous academic program will be awarded college scholarships of at least $7,000.

High school senior Otis Ward is looking forward to taking part in the program and qualifying for a scholarship.

“Opportunities such as the PG&E scholarship are essential, especially for Black Oakland students that are underserved within our community. I’m really excited for this program as it can be a stepping stone for fellow young Black youth from my West Oakland community who are striving for post-secondary education, just like myself,” said Ward, who attends McClymonds High School in Oakland.

PG&E created the program, and together with The Foundation is providing $500,000 in funding through its community charitable Better Together Giving Program.

Students will take courses taught by Haas School of Business professors and financial industry professionals on topics including personal finance, capital markets and wealth creation, financial data analysis and investments. African American Haas undergraduates also will offer mentorship opportunities to the students.

Mills College at Northeastern University TRIO Programs recruited the 25 student participants as part of the Upward Bound program — which helps underserved high school students and first in their families attending college to succeed — and the Mills Educational Talent Search — which supports high school students so that they can achieve their higher education goals.

The curriculum was developed in collaboration with professor Panos N. Patatoukas from Haas School of Business and Jason Miles, an African American venture capitalist with more than 25 years of experience in the financial services industry and founder of Amenti Capital Group.

Both Patatoukas and Miles note the unique opportunity of this program for participating students.

“While technology has been transforming education in profound ways, access to financial education remains within the reach of only a few. Mitigating the problem of access inequality and addressing the wealth gap in the African American community has been the driving force of our joint efforts with PG&E,” Patatoukas said. “We are excited to make financial education more accessible, and we are committed to continue to foster diverse, equitable, and inclusive learning environments. I am looking forward to welcoming the first group of Oakland and Bay Area students as part of this impactful program.”

“There is a tremendous pool of talented students who represent shining examples of future African American leaders. They must be empowered with practical investing tools and knowledge about risk-return trade-offs early in their lives. We are energized by this unique opportunity to catalyze generational wealth creation alongside like-minded partners,” said Miles.

According to Disparities in Wealth by Race and Ethnicity 2019 Survey of Consumer Finances, the typical white family has eight times the wealth of a typical Black family. The survey cites a number of complex societal factors across generations, including how individual savings and investment decisions contribute to wealth accumulation.

PG&E developed the new program after two years of planning as a racial justice initiative following the George Floyd tragedy to help address economic challenges faced by African Americans.

“At PG&E, we are focused on our Triple Bottom Line of serving people, planet and California’s prosperity. However, we know that our African American customers and communities face significant challenges achieving economic parity in society, and the racial wealth gap contributes to inequality. This pilot program is a meaningful step to change that and help more African Americans achieve prosperity and generational wealth,” said Jimi Harris, PG&E Community Relations Chief and program creator.

While the program is designed to provide wealth creation tools through an advanced financial education curriculum for high school students, it is also designed to support post-secondary education achievement through scholarships for program participants, funded by PG&E. Additionally, if the program proves successful, it could serve as a model for other programs to be created including in high school education.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

About UC Berkeley Haas School of Business

As the second-oldest business school in the United States, Berkeley Haas has been questioning the status quo since its founding in 1898. Berkeley Haas offers outstanding management education to about 2,500 undergraduate and graduate students from around the world to attend one of its six degree-granting programs and join the school’s network of 41,000 alumni worldwide.

About Berkeley Executive Education

UC Berkeley Executive Education serves leaders and organizations who aspire to redefine the future of business, delivering over 150 programs annually, to a global audience. Its immersive learning experiences, led by renowned UC Berkeley faculty, equip global executives and their organizations with the vision and capabilities to thrive in an evolving world.

About Northeastern University

Founded in 1898, Northeastern is a global research university and the recognized leader in experience-driven lifelong learning. Our world-renowned experiential approach empowers our students, faculty, alumni, and partners to create impact far beyond the confines of discipline, degree, and campus.

Northeastern’s comprehensive array of undergraduate and graduate programs—on-campus, online, and in hybrid formats—lead to degrees through the doctorate in nine colleges and schools. Among these, we offer more than 140 multi-discipline majors and degrees designed to prepare students for purposeful lives and careers.

About Amenti Capital Group

Amenti Capital Group is an emerging merchant bank that provides independent advisory services and venture capital to early-stage technology companies in high growth ecosystems. We leverage deep industry knowledge, operational expertise, and longstanding relationships to deliver attractive returns through our end-to-end model. We serve entrepreneurs and sophisticated investors while following our core principles of innovation, integrity and inclusion.

PG&E Marketing & Communications | 415.973.5930 | www.pge.com

Berkeley Executive Education Marketing & Communications
510.642.1304 | https://executive.berkeley.edu/
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CALGARY, Canada--(BUSINESS WIRE)--$BLN #ConnectedWorker--Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced it will attend the 11th Annual Roth Technology Event on November 16, 2022 in New York City and the TD Securities Technology Conference on November 21 – 23, 2022 in Toronto.

At the events, management will be available to meet with institutional investors to discuss its disruptive connected safety technology solutions, attractive hardware-enabled software-as-a-service business model, path to profitability, growth opportunities and track record.

Institutional investors wishing to attend the conferences and schedule meetings with management should contact their Roth and TD representatives to register.

Roth’s 11th Annual Technology Event
Roth’s 11th Annual Technology Event is being held at The Yale Club in New York City on Wednesday, November 16, 2022. The invitation-only conference provides investors the opportunity to meet with executive management teams of public and private companies in the technology sector. The conference will consist of one-on-one and small group meetings.

TD Securities Technology Conference
The 2022 TD Securities Technology Conference is being held at the TD Tower in Toronto November 21 – 23, 2022. The three-day conference will consist of private company presentations and public company fireside chats. Blackline will participate in a fireside chat at 13:25 EST on Tuesday, November 22 and also be available for one-on-one meetings.

A replay of the fireside chat will be available here and on the Investor Relations section of Blackline Safety’s website.

About Blackline Safety

Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 185 billion data-points and initiated over five million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

INVESTOR AND ANALYST CONTACTS:
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
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Telephone: +1 949 574 3860

MEDIA CONTACT
Blackline Safety Corp.
Christine Gillies, CMO
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Telephone: +1 403 629 9434

LOS ANGELES--(BUSINESS WIRE)--AMP, the world leader in energy management for e-mobility, has announced the closure of the Series A investment round of $17.25 million. With investors Ecosystem Integrity Fund (EIF) and Helios Climate Ventures on board, AMP will accelerate the development of its Connected Energy Management Platform in e-mobility applications. AMP solutions are embedded in the top E-OEMs, revolutionizing the world and bringing sustainability closer.

AMP’s vertically integrated platform supports the complete energy spectrum for e-mobility applications by providing both hardware and software with cloud connectivity. Founded in 2017, the global presence of AMP aggregated with more than 500 years of combined experience by the astounding team coming from industry giants like Tesla, GM, and more makes it the world leader in understanding battery technology and taking it to the next level of performance. The investment will enable AMP in its continued expansion and provide faster time to market to technologies by opening various supply chain and operational avenues.

The funds will be utilized to mature AMP’s connected energy management technology to:

• Drive the automotive industry to better track, manage and report the state of health of the most important asset, the battery pack
• Maximize the value of battery packs with better accuracy of their state of health
• Accurately assess battery packs’ health for 2^nd life utilization, typically energy storage
• Unlock V2G, Vehicle to Grid, applications by carefully monitoring the effect on the battery pack
• Empower financial services to support EVs as they are sold and re-sold with warranties and insurance that’s informed by AMP’s technology

Geoff Eisenberg, Principal at EIF, quoted, “Every vehicle maker and energy company needs an effective battery management solution to survive, as the world moves away from fossil fuels, and we believe AMP offers the best in the industry. The company provides the technical expertise and continuous improvements that ensure safety, product optimization, and ongoing battery health in these varied applications. We’re proud to back this innovative and talented group of industry veterans.”

“Helios is incredibly impressed by the caliber of the AMP team and the exciting products they have built. Their industry-leading edge in both hardware and software has created several amazing products that we believe will revolutionize and accelerate the electrification revolution,” stated Josh Grehan, Principal at The Helios Climate Ventures.

“Our team is excited to partner with this group of investors who recognize the revolutionary impact AMP will have on the clean energy and mobility industries. Our company’s technology will shrink the upfront and operating costs of both the mobile and stationary battery sectors. Our customers are eager to adopt the AMP ampOS at scale, saving them and their end customers billions of dollars in the coming years,” said Anil Paryani, CEO, AMP.

About AMP Inc.

With its perfect blend of software and hardware, AMP is revolutionizing electrification. Headquartered in Los Angeles, with offices in Detroit, Bengaluru, and Shanghai, AMP is a global leader in energy management solutions for e-mobility. Since 2017, AMP has advanced battery management technology, through industry-leading software and hardware. AMP continues to push mobility further from intelligent battery management platforms to robust fast-charging systems and complete cloud solutions for e-mobility.

To learn more, visit AMP at www.amp.tech and follow on LinkedIn @amp-energy-management.

AMP Corporate Communications
Sanjay Sharma - Brand Manager
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DUBLIN--(BUSINESS WIRE)--The "Korea Electric Vehicle Market Overview, 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Korea Electric Vehicle Market is anticipated to witness prominent market growth during 2022-2027

One of the advanced technology Electric Vehicles with the latest features brings rapid evolution in the automotive sector. The electric vehicle market has good support from the government as favourable policies and subsidies are granted to electric vehicle industry car manufacturers to reduce emission rates.

Tax rebates, non-financial benefits like new car registration, and carpool lane access, increasing vehicle range, active participation of OEMs, providing charging infrastructure in regular areas, etc., are factors that can increase the growth of the EV market trends.

Further, factors such as growing demand for low emission commuting and governments supporting long range, zero emission vehicles through subsidies & tax rebates have compelled the manufacturers to provide electric vehicles around the world. This has led to a growing demand for electric vehicles in the market. Countries around the world have set up targets for emission reductions according to their own capacity.

In addition, solar panels can be installed at home to power the electric vehicle. As electric vehicles do not use gas engines, they don't need oil, which means no oil changes. Hence, the maintenance and repairs associated with the use of gas engines can be reduced by the use of electric vehicles.

Several government initiatives such as deduction on interest paid on loans, electric vehicles tax credits, and incentives for the use of plug-in electric vehicles are estimated to generate huge growth opportunities across the country. All these factors are estimated to generate huge growth opportunities during the forecast period. In addition to that, the awareness initiatives that have been taken to promote the use of electric vehicles, and the rising number of electric vehicle production plants, have also contributed to the growth of the electric vehicle market.

According to the report, the market is segmented into two major vehicle types including passenger vehicle and light commercial vehicle. Among these types, passenger vehicle is projected to dominate the market during the forecast period owing to increased demand and sales for passenger cars across the country.

These factors will help promote the growth of this segment during the forecast period. Further, the commercial vehicle segment is estimated to experience growth in the coming years owing to the ever-increasing innovations in the battery of EVs to improve the load capacity of the commercial vehicle.

Further, the market is segmented into two propulsion type vehicles including BEV (battery electric vehicle) and PHEV (Plug-in hybrid electric vehicle). Among these types, BEV is anticipated to lead the market during the upcoming timeframe. However, PHEV can act as both electric and fuel-based driving ranges. It is helpful when insufficient charging infrastructure available.

For increasing the demand for battery electric vehicles, the government and private entities are planning to arrange a charging infrastructure all over the world to reduce the emission and keep the environment green. The plug-in hybrid electric vehicles are helping to decrease these vehicles prices that boost the demand further.

Aspects Covered In the Report

• Market Size By Value for the time period (2016-2027F)
• Market Size By Volume for the time period (2016-2027F)
• Market Share by Vehicle Type (Passenger & Light Commercial)
• Market Share by Propulsion Type (BEV & PHEV)
• Market Share by Sales Channel (2016, 2021 & 2027F)
• Market Share by Charging Type (Normal & Fast)

Considered In the Report

• Geography: Korea
• Base year: 2021
• Historical year: 2016
• Estimated Year: 2022
• Forecasted year: 2027

For more information about this report visit https://www.researchandmarkets.com/r/1saqv

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW ORLEANS--(BUSINESS WIRE)--International-Matex Tank Terminals (IMTT) announced today that it has closed on the sale of the company’s two Savannah, Georgia terminals to Colonial Group, Inc. in a cash transaction for an undisclosed amount. The Savannah North and Savannah South terminals are located on the Savannah River and have approximately two million barrels of storage capacity with truck, rail and deep-draft marine access.

“The compelling offer from a local buyer with strong market connections will support our continued strategy to balance our legacy petroleum assets with new investments in energy transition projects,” said Carlin Conner, chairman and CEO of IMTT. “We believe this transaction underscores the value of the liquid storage space. I want to thank our employees for helping to establish these terminals as premier locations in the Savannah market.“

IMTT intends to reinvest the proceeds of the sale in its business to fund future capital expenditures that support the energy transition and further expand its non-petroleum footprint. The company operates 17 other bulk storage terminals at both ends of the Mississippi Valley, the Great Lakes/St. Lawrence River System, on the Atlantic Coast in New York, New Jersey and Virginia, and on the U.S. Pacific Coast.

About International-Matex Tank Terminals

Founded in 1939 and headquartered in New Orleans, Louisiana, International-Matex Tank Terminals LLC (“IMTT”) is an industry leader in the handling and storage of bulk liquid products through its ownership and operation of 17 terminals in the East, West, and Gulf Coasts, as well as the Great Lakes region and Canada. IMTT is focused on providing safe and reliable service while delivering innovative solutions for the evolving energy needs of its customers. In addition to expanding its independent liquid terminals business, IMTT is committed to pursuing low carbon intensity growth opportunities and reducing carbon emissions across its existing asset base. For more information about IMTT, visit imtt.com.

About Colonial Group, Inc.

A fourth-generation family-owned business founded in 1921, Colonial Group Inc. (“Colonial Group”) is a diversified energy and port-related company headquartered in Savannah and one of America’s largest privately-held companies. In 2021, the company marked its 100th anniversary by celebrating with its dedicated team of more than 2,000 employees, giving to hometown causes and observing historical milestones. Over the years, the business has diversified to be the umbrella company of Colonial Oil, Colonial Terminals, Colonial Fuel & Lubricant Services, Enmark Stations/enmarket, Colonial Energy, Colonial Chemical Solutions, Colonial Towing, Savannah Yacht Center, and Aqua Smart. For more information on Colonial Group Inc., please visit www.colonialgroupinc.com.

Contact: Kim Nave
Phone: 504-619-2259
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• Oklo, Argonne National Laboratory, Deep Isolation, and Case Western Reserve University were awarded $6.1 million in funding to enable the recycling of used nuclear fuel from the current light water reactor fleet into advanced reactor fuel.
• Today’s reactors only consume about 5% of the energy content contained in their fuel. Nearly 95% of the energy content remains unused, and Oklo’s technology can unlock much of this remaining energy content.
• The cost-share project will support the commercialization of Oklo’s clean powerhouses by utilizing the energy content in today’s waste and converting it into clean energy.
• This work in strengthening the domestic fuel supply chain will facilitate a cleaner and more secure energy future for the country.

SANTA CLARA, Calif.--(BUSINESS WIRE)--#advancedfission--Oklo Inc. has been awarded a $6.1 million cost-share project in partnership with Argonne National Laboratory (Argonne), Deep Isolation, and Case Western Reserve University from the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E). The project is funded under the ARPA-E Converting Used Nuclear Fuel Radioisotopes into Energy (CURIE) program. The CURIE program was recently launched to fuel the commercialization of advanced fission technology while reducing waste.

Over the last year, Oklo has been selected by the U.S. DOE for four cost-share projects, totalling over $15 million to commercialize advanced reactor fuel from nuclear waste. Oklo’s CURIE project will focus on one of the critical steps for recycling waste from the current fleet, converting used oxide fuel into metal so it can be recycled using the process that Oklo is commercializing. “Fuel recycling can impact how quickly we decarbonize. Since used fuel is about 95% recyclable, you can transform waste into a viable resource,” said Jacob DeWitte, Co-founder and CEO of Oklo. There is enough energy content in today’s used fuel to power the entire country’s power needs for over 100 years without carbon emissions. Additionally, certain long-lived radioactive isotopes get consumed in the power generation process, which reduces and transforms the disposal burden of used fuel.

Oklo has a unique position within the nuclear fuel cycle by being able to recycle waste from other reactors as well as its own reactors. “Building on our other DOE projects to demonstrate the end-to-end recycling process, the CURIE project will position Oklo to build a first-of-a-kind commercial recycling facility and produce advanced reactor fuel economically and efficiently for our powerhouses,” added DeWitte. The deployment of a commercial-scale fuel recycling facility will contribute to building an energy independent future for the country while securing a fuel supply chain via used fuel recycling.

About Oklo Inc.: Oklo Inc. (Oklo) is a California-based company developing advanced fission power plants to provide emission-free, reliable, and affordable energy. Oklo received a Site Use Permit from the U.S Department of Energy, successful fabrication of fuel prototypes, was awarded fuel material from Idaho National Laboratory, and developed the first advanced fission combined license application accepted and docketed by the U.S. Nuclear Regulatory Commission, and is developing waste-to-energy fuel recycling in collaboration with the U.S. Department of Energy and several national laboratories.

Bonita Chester
Director of Communications and Media
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HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced its financial and operational results for the third quarter of 2022.

Third Quarter 2022 Highlights:

Third Quarter 2022 Highlights:

• Magnolia reported third quarter 2022 net income attributable to Class A Common Stock of $245.5 million, or $1.29 per diluted share. Third quarter 2022 total net income increased 79% to $287.0 million and diluted weighted average total shares outstanding decreased by 8% to 217.8 million⁽²⁾ compared to third quarter 2021.
• Adjusted EBITDAX⁽¹⁾ was $386.0 million during the third quarter of 2022, driven by higher production and higher product prices as compared to prior year results. Total drilling and completions (“D&C”) capital during the third quarter was $114.5 million, representing just 30% of adjusted EBITDAX⁽¹⁾.
• Net cash provided by operating activities was $410.7 million during the third quarter of 2022 and the Company generated free cash flow⁽¹⁾ of $233.9 million. Magnolia generated operating income as a percentage of revenue of 65%.
• Total production in the third quarter of 2022 set a quarterly record for the Company, growing 21% compared to the prior-year quarter and 10% sequentially to 81.5 thousand barrels of oil equivalent per day (“Mboe/d”). Total volumes were 7% ahead of the high end of our production guidance range.
• During the third quarter, Magnolia repurchased a total of 3.0 million shares of Class A Common Stock, for $62.4 million, bringing the total Class A and Class B shares repurchased during 2022 to 13.1 million shares. At the end of the third quarter 2022, Magnolia had 9.3 million Class A Common shares remaining under its current repurchase authorization.
• As previously announced, the Board of Directors declared a cash dividend of $0.10 per share of Class A common stock, and a cash distribution of $0.10 per Class B unit, payable on December 1, 2022 to shareholders of record as of November 7, 2022. We expect our dividend to grow at least 10 percent annually and plan to revisit the dividend rate in early 2023.
• Magnolia returned 36% of the free cash flow generated during the third quarter through a combination of share repurchases and dividends while ending the period with $689.5 million of cash on the balance sheet. The Company remains undrawn on its $450.0 million revolving credit facility, has no debt maturities until 2026 and has no plan to increase its debt levels.

“The most recent quarter was filled with mixed emotions. We are humbled by our continued strong financial and operating results and performance, yet deeply saddened by the recent passing of Steve Chazen, Magnolia’s founder and former CEO. I am incredibly grateful for Steve’s guidance and counsel, his steadfast leadership and importantly his friendship. We expect his legacy to continue to live on through Magnolia for years to come,” said President and CEO Chris Stavros. “The principles of the business model that Steve established during Magnolia’s founding over four years ago are expected to remain unchanged. We will continue our discipline around capital spending, while maintaining low levels of debt. We expect our record of achieving moderate annual production growth, while generating significant free cash flow and strong pre-tax margins to continue.

“Magnolia delivered very strong financial and operating results in the third quarter of 2022 driven by record quarterly production and pretax operating margins of 65 percent, and despite a sequential quarterly decline in oil prices of more than $15 per barrel. Third quarter 2022 production increased 21 percent year-over-year and 10 percent sequentially, and well-above the high end of our earlier guidance. The stronger production was seen in both our Giddings and Karnes asset areas and was primarily the result of better than expected well performance. The results were achieved while spending just 30 percent of our adjusted EBITDAX during the quarter. We repurchased 3 million shares during the third quarter, reducing our diluted share count by 8 percent from the same period last year. Including share repurchases and dividends, Magnolia returned more than a third of the free cash flow generated during the quarter to our shareholders while ending the period with nearly $700 million of cash.

“I am pleased to announce that Brian Corales, Magnolia’s VP, Investor Relations, has been promoted to the position of Chief Financial Officer. Brian has done an excellent job at Magnolia since 2018 in helping to both manage and communicate the Company’s strategy as well as shaping our message to the broad Financial Community and other stakeholders. Magnolia’s strong focus on its shareholders and emphasis on generating improved stock market value over time make Brian uniquely qualified to serve as CFO. The selection and elevation of a qualified internal candidate to the CFO role is indicative of Magnolia’s strong “bench” of talent within our team.”

Operational Update

Third quarter 2022 total company production averaged 81.5 Mboe/d, representing a 10 percent sequential increase and was 21 percent higher than the prior year’s third quarter. Compared to the same period last year, Giddings and Other production increased 30 percent. Overall production exceeded our expectations during the quarter despite spending just 30 percent of adjusted EBITDAX on drilling and completing wells. Production was above the high end of our guidance due to stronger well performance in both of our operated areas, ongoing operating efficiencies, and slightly higher non-op activity.

Magnolia continues to operate two drilling rigs and expects to maintain this level of activity through next year. One rig will continue to drill multi-well development pads in our Giddings area. The second rig will drill a mix of wells in both the Karnes and Giddings areas, including some appraisal wells in Giddings. Magnolia continues to drive operating efficiencies, especially in the Giddings area. When comparing the 2022 total cost per stimulated foot for its development wells to the wells drilled in 2019, well costs per stimulated foot during this year have declined by 26 percent, despite the inflationary environment seen in oil field service costs. This improvement is directly attributable to the efficiencies that our operations and supply chain teams have captured at Giddings which include faster drilling and completion times, longer laterals, multi-well pads and improved asset knowledge.

Additional Guidance

We are planning a very active operating program for the fourth quarter which should provide us with a strong start to 2023. We estimate that our fourth quarter production should be in the range of 77 to 79 Mboe/d, as most of the wells in our program are expected to come online toward the latter part of the quarter. This includes the largest single pad we have drilled to date at our Giddings area. D&C capital during the fourth quarter is expected to be approximately $125 to $140 million due to a higher number of well completions and higher anticipated non-op activity in the period. As a result, we expect our total production to exit the year at a level that exceeds the record production achieved during the third quarter and further benefit production volumes during the first half of 2023. Oil price differentials are anticipated to be approximately a $3 per barrel discount to Magellan East Houston and Magnolia remains completely unhedged for all its oil and natural gas production. The fully diluted total share count for the fourth quarter of 2022 is expected to be approximately 216 million shares which is 6 percent lower than fourth quarter 2021 levels.

Our operating plan for 2023 is currently expected to be very similar to this year. We plan to operate two drilling rigs and one completion crew and anticipate that our capital spending for drilling and completing wells to be well-below our imposed ceiling of spending within 55 percent of our adjusted EBITDAX at current product prices. We estimate that next year’s capital program and activity levels should deliver full-year 2023 production growth of approximately 10 percent compared to 2022 levels while generating a significant amount of free cash flow. We plan to re-evaluate our current annual dividend rate of $0.40 per share early next year based on our full-year 2022 financial and operating results. Our share repurchase program and the payment of a secure, sustainable and growing dividend remain important components of Magnolia’s total shareholder return proposition.

Quarterly Report on Form 10-Q

Magnolia's financial statements and related footnotes will be available in its Quarterly Report on Form 10-Q for the three months ended September 30, 2022, which is expected to be filed with the U.S. Securities and Exchange Commission (“SEC”) on November 2, 2022.

Conference Call and Webcast

Magnolia will host an investor conference call on Wednesday, November 2, 2022 at 10:00 a.m. Central (11:00 a.m. Eastern) to discuss these operating and financial results. Interested parties may join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. A replay of the webcast will be posted on Magnolia's website following completion of the call.

About Magnolia Oil & Gas Corporation

Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.

Cautionary Note Regarding 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, 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 Magnolia’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management 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. Except as otherwise required by applicable law, Magnolia 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. Magnolia cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Magnolia, incident to the development, production, gathering and sale of oil, natural gas and natural gas liquids. In addition, Magnolia cautions you that the forward looking statements contained in this press release are subject to the following factors: (i) the economic effects of the COVID-19 pandemic and actions taken by federal, state and local governments and other third parties in response to the pandemic; (ii) the outcome of any legal proceedings that may be instituted against Magnolia; (iii) Magnolia’s ability to realize the anticipated benefits of its acquisitions, which may be affected by, among other things, competition and the ability of Magnolia to grow and manage growth profitably; (iv) changes in applicable laws or regulations; (v) geopolitical and business conditions in key regions of the world; and (vi) the possibility that Magnolia may be adversely affected by other economic, business, and/or competitive factors, including inflation. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ 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 Magnolia’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Magnolia’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Magnolia Oil & Gas Corporation
Non-GAAP Financial Measures

Reconciliation of net income to adjusted EBITDAX

In this press release, we refer to adjusted EBITDAX, a supplemental non-GAAP financial measure that is used by management and external users of our consolidated financial statements, such as industry analysts, investors, lenders, and rating agencies. We define adjusted EBITDAX as net income before interest expense, income taxes, depreciation, depletion and amortization, amortization of intangible assets, exploration costs, and accretion of asset retirement obligations, adjusted to exclude the effect of certain items included in net income. Adjusted EBITDAX is not a measure of net income in accordance with GAAP.

Our management believes that adjusted EBITDAX is useful because it allows them to more effectively evaluate our operating performance and compare the results of our operations from period to period and against our peers without regard to our financing methods or capital structure. We also believe that securities analysts, investors, and other interested parties may use adjusted EBITDAX in the evaluation of our Company. We exclude the items listed above from net income in arriving at adjusted EBITDAX because these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Adjusted EBITDAX should not be considered as an alternative to, or more meaningful than, net income as determined in accordance with GAAP or as an indicator of our operating performance or liquidity. Certain items excluded from adjusted EBITDAX are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are components of adjusted EBITDAX.

Contacts for Magnolia Oil & Gas Corporation

Investors
Brian Corales
(713) 842-9036
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Media
Art Pike
(713) 842-9057
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DUBLIN--(BUSINESS WIRE)--The "Enhanced Oil Recovery: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.

The report discusses different types of EOR technologies like steam flooding, chemical flooding, nitrogen flooding, carbon-dioxide flooding, hydrocarbon flooding and in situ combustion. It offers detailed analysis of EOR technologies and their usage, and the prevalent trends and opportunities in the market.

The market values are estimated based on multiple factors and analysis of manufacturers' revenues. Market dynamics within each industry are identified. Technological advancements and trends are reviewed, and other influences such as economic conditions and standards are discussed. Because this is a global study, the publisher analyzes domestic and international technological issues and economic considerations.

The market segments of the report are focused on technical and commercial aspects of the EOR in different application segments, such as onshore and offshore applications. The report also discusses the country-wise policy and regulatory framework that the EOR industry operates within in order to maintain the environmental sustainability and to comply with the government regulations.

The report also analyzes the regional markets for EOR. The segments are forecast for 2022 to 2027, with 2021 as a base year. Furthermore, the report offers a competitive scenario of the market, including a detailed analysis of key market players and a list of small and regional market players.

The currency used in this report is U.S. dollars, with market size indicated only in U.S. $millions. For companies reporting their revenue in U.S. dollars, the revenues are taken from their annual reports. For companies that reported their revenue in other currencies, i.e., Euros and Pounds, the average annual currency conversion rate has been used for the particular year to convert the value into U.S. dollars. The conversion rate for each currency conversion is provided in the report.

Key Companies

• Air Liquide
• Air Products and Chemicals Inc.
• AkzoNobel
• Babcock & Wilcox Enterprises Inc.
• Basf Se
• Bp plc
• General Electric
• Linde AG
• Mitsubishi Heavy Industries Ltd.
• Schlumberger Ltd.

Report Includes

• 88 data tables and 98 additional tables
• An up-to-date review and analysis of the global market for enhanced oil recovery (EOR) technologies
• Analyses of the global market trends, with historic market revenue data for 2020-2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
• In-depth information (facts and figures) on the updated market drivers and challenges impeding the global EOR market, current global scenario, regulatory framework, and common factors influencing global demand for EOR technologies
• Estimation of the actual market size and market forecast for enhanced oil recovery in USD million values, and corresponding market share analysis by technology, application, and region
• Discussion of all viable commercially viable EOR technologies along with their installation, production system and associated operational methods
• Regional market outlook and country specific data and analysis for the U.S., Canada, Mexico, Brazil, Venezuela, Russia, Germany, Turkey, Kazakhstan, Oman, Saudi Arabia, Egypt, Qatar, China, Indonesia, Malaysia, India etc.
• Information on the EOR industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on major types of end-user industries and disruptions caused by the COVID-19 pandemic and the Russia-Ukraine conflict
• Review of the EOR pricing analysis and applicability of CCUS technologies for enhanced oil recovery industry
• Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

3.1 Introduction and Historical Overview: Enhanced Oil Recovery

3.1.1 Enhanced Oil Recovery (Eor)

3.2 Market Dynamics

3.2.1 Market Drivers

3.2.2 Market Challenges

3.2.3 Market Trends

3.3 Eor Industry Value Chain

3.4 Impact of Covid-19 on the Global Eor Market

3.5 Common Factors Influencing Global Demand

3.6 Eor Pricing Analysis

Chapter 4 Regulatory Framework

4.1 Regulatory Framework for Eor Industry

4.2 North America

4.3 South America

4.4 Europe

4.5 Middle East and Africa

4.6 Asia-Pacific

Chapter 5 Enhanced Oil Recovery and Ccus

5.1 Overview

5.1.1 Applicability of Ccus Technologies for Enhanced Oil Recovery Industry

Chapter 6 Enhanced Oil Recovery Market by Technology

Chapter 7 Enhanced Oil Recovery Market by Application

Chapter 8 Enhanced Oil Recovery Market by Region

Chapter 9 Competitive Landscape

Chapter 10 Company Profiles

Chapter 11 Appendix: Acronyms

For more information about this report visit https://www.researchandmarkets.com/r/4ctx47

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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– Strong Q3 Revenue and Profit with Growth Across All Business Lines –

– Inflation Reduction Act Provides Excellent Long Term Growth Opportunities –

– Notable Project and Asset Wins in Europe as Momentum Increases –

– Re-affirms FY22 Guidance –

Third Quarter 2022 Financial Highlights:

(All financial result comparisons made are against the prior year period unless otherwise noted)

• Revenues of $441.3 million, up 61%
• Net income attributable to common shareholders of $27.4 million, up 57%
• GAAP EPS of $0.51, up 55%
• Non-GAAP EPS of $0.54, up 32%
• Adjusted EBITDA of $57.9 million, up 44%

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results for the fiscal quarter ended September 30, 2022. The Company also furnished supplemental information in conjunction with this press release in a Current Report on Form 8-K. The supplemental information, which includes Non-GAAP financial measures, has been posted to the “Investors” section of the Company’s website at www.ameresco.com. Reconciliations of Non-GAAP measures to the appropriate GAAP measures are included herein.

“Ameresco delivered another quarter of excellent results. We are adapting to the reality of the supply chain environment and continue to execute effectively on our long-term growth strategy. Each of our business lines showed solid year-on-year growth, reflecting the benefits of our diversified business model and our ability to provide customers with innovative end-to-end solutions. The scope and comprehensive nature of our engagements continue to increase, and notable wins in the European market and increasing activity in the commercial and industrial (C&I) sector demonstrated our success in expanding Ameresco’s addressable market.

Ameresco is providing an update on the progress of the Southern California Edison (SCE) battery energy storage systems (BESS) projects. The SCE projects saw continued progress in the quarter, with all battery cells and containers on site and early commissioning steps underway. SCE also recently instructed us to adjust the project schedules into 2023. Under the terms of the contract, Ameresco is entitled to recover costs associated with this schedule adjustment. We are working with SCE to analyze and estimate these costs. We are also continuing discussions regarding the applicability and scope of any force majeure relief based on the force majeure notices we delivered to SCE and the impact the schedule adjustments requested by SCE may have on the overall project schedule and our force majeure claims. Our relationship with SCE continues to be cooperative. Considering the schedule adjustments requested by SCE and the delays disclosed earlier, we anticipate the projects to be in service and achieve substantial completion prior to the summer of 2023.

During the quarter we were honored to become a Great Place to Work-Certified™ company for the first time. The designation is based entirely on employee input making it more meaningful as it reflects the positive experience of our over 1,300 employees. At Ameresco, we believe in doing well by doing good, which underpins our investments in the training and well-being of our employees,” concluded George P. Sakellaris, President and Chief Executive Officer.

Third Quarter Financial Results

(All financial result comparisons made are against the prior year period unless otherwise noted.)

Total revenue increased 61% with growth across all of the Company's lines of business. Project revenue increased 81% as we continued to execute on the SCE projects. Energy Asset revenue grew 6% despite unplanned maintenance and downtime at two of our RNG facilities. O&M revenue increased 9% as the company continued to add long-term O&M contracts, especially on larger Federal government projects. Other revenue grew 28% with strength in integrated PV sales, especially to the oil & gas industry for remote power applications. Gross margin expanded sequentially to 18.0%, which was in line with our expectations, given a smaller contribution to our overall revenue mix in the quarter from the lower margin SCE design/build projects as they near completion. Revenue performance together with the Company's strong operating leverage led to a 57% increase in net income to $27.4 million, and a 44% increase in Adjusted EBITDA to $57.9 million. The results for the three months ended September 30, 2022 and 2021 reflect a non-cash downward adjustment of $0.3 million and $2.9 million, respectively, related to redeemable non-controlling interest activities. The current quarter results also reflect a non-cash downward adjustment of $1.1 million to recognize additional contingent consideration related to the Company’s Smart Building Solutions business unit which was acquired in 2021. Working capital needs increased slightly from second quarter 2022 levels, in-line with our expectations due to the continued execution of our large SCE design/build projects. The company ended the quarter with approximately $123 million of available cash and generated nearly $87 million in adjusted cash from operations.

Project Highlights

In the Third Quarter of 2022:

• Ameresco, and partner Sunel, were selected by Cero Generation, as the contractors for “Delfini”, a 100 MWp solar photovoltaic (PV) project in Drama, Greece.
• Ameresco was awarded a new project to install a microgrid system at White Sands Missile Range to provide resilient power for several of the base’s potable water wells. The microgrid includes a new 700kW solar photovoltaic array, a 500kW natural gas generator and a 500kW battery energy storage system and is designed to provide 14 days of power in the event of an outage.
• Ameresco was awarded a comprehensive utility savings project in partnership with Southwest Gas at Fort Irwin, CA for $98M.
• The Company completed a 2.6 MW "brightfield" solar installation on a former General Motors Plant brownfield site in Danville, Illinois.
• Ameresco announced phase two of a longstanding partnership with Joint Base McGuire-Dix-Lakehurst (JBMDL) to provide mission-critical energy infrastructure updates at the joint base as part of a comprehensive $92 million project designed to add more onsite solar power, energy efficiency measures, and infrastructure upgrades.

Asset Highlights

In the Third Quarter of 2022:

• Ameresco continued to grow its Assets in Development, bringing the total to 501 MWe. After subtracting Ameresco’s partners’ minority interests, Ameresco’s owned capacity of Assets in Development is 452 MWe.
• Ameresco, together with Colorado Mountain College and Holy Cross Energy, partnered to install and complete 5MW of solar PV and 15MWH battery energy storage, the largest installation of its kind in the State of Colorado.

Summary and Outlook

“Year-to-date results have put us on track to achieve record results in 2022 and provide the foundation for our continued progress in 2023 and beyond. We see high energy prices, together with customer demand for both resilience and cost savings, and the recently enacted Inflation Reduction Act (IRA) as long-term growth catalysts for Ameresco. These factors strengthen our ability to achieve our 2024 Adjusted EBITDA target of $300 million and continue our growth trajectory in the years ahead.” Mr. Sakellaris noted.

“We are pleased to reiterate our 2022 guidance. During 2022, we anticipate placing between 50 and 70 MWe of energy assets in service, while investing approximately $225 million to $275 million of capital, the majority of which we expect to fund with non-recourse debt.

We look forward to welcoming analysts and institutional investors on November 15, 2022 for a tour of our Phoenix, AZ RNG facility showcasing the largest wastewater treatment biogas-to-renewable natural gas facility in the US. We look forward to hosting the plant tour followed by a presentation to provide a deeper understanding of Ameresco’s RNG business.” Mr. Sakellaris concluded.

The Company’s guidance excludes the impact of any redeemable non-controlling interest activity related to tax-equity partnerships, one-time charges, asset impairment charges, restructuring activities, as well as any related tax impact.

Conference Call/Webcast Information

The Company will host a conference call today at 4:30 p.m. ET to discuss third quarter financial results, business and financial outlook and other business highlights. Participants may access the earnings conference call by pre-registering here at least fifteen minutes in advance. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investors” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.

Use of Non-GAAP Financial Measures

This press release and the accompanying tables include references to adjusted EBITDA, Non- GAAP EPS, Non-GAAP net income and adjusted cash from operations, which are Non-GAAP financial measures. For a description of these Non-GAAP financial measures, including the reasons management uses these measures, please see the section following the accompanying tables titled “Exhibit A: Non-GAAP Financial Measures”. For a reconciliation of these Non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with GAAP, please see Non-GAAP Financial Measures and Non-GAAP Financial Guidance in the accompanying tables.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net-Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. 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 1,200 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.

Safe Harbor Statement

Any statements in this press release about future expectations, plans and prospects for Ameresco, Inc., including statements about market conditions, pipeline and backlog, as well as estimated future revenues, net income, adjusted EBITDA, Non-GAAP EPS, gross margin, capital investments, other financial guidance, statements about our agreement with SCE including the impact of any delays, the impact of the IRA on our business, longer term outlook, and other statements containing the words “projects,” “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward looking statements as a result of various important factors, including the timing of, and ability to, enter into contracts for awarded projects on the terms proposed or at all; the timing of work we do on projects where we recognize revenue on a percentage of completion basis, including the ability to perform under recently signed contracts without delay; demand for our energy efficiency and renewable energy solutions; our ability to complete and operate our projects on a profitable basis and as committed to our customers; our ability to arrange financing to fund our operations and projects and to comply with covenants in our existing debt agreements; changes in federal, state and local government policies and programs related to energy efficiency and renewable energy and the fiscal health of the government; the ability of customers to cancel or defer contracts included in our backlog; the effects of our acquisitions and joint ventures; seasonality in construction and in demand for our products and services; a customer’s decision to delay our work on, or other risks involved with, a particular project; availability and costs of labor and equipment particularly given global supply chain challenges and global trade conflicts and challenges; our reliance on third parties for our construction and installation work; the addition of new customers or the loss of existing customers including our reliance on the agreement with SCE for a significant portion of our revenues in 2022; the impact from COVID-19 on our business; global supply chain challenges, component shortages and inflationary pressures; market price of the Company's stock prevailing from time to time; the nature of other investment opportunities presented to the Company from time to time; the Company's cash flows from operations; cybersecurity incidents and breaches; and other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (SEC) on March 1, 2022, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 3, 2022, and other SEC filings. The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.