DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Nuclear Magnetic Resonance Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The oil and gas nuclear magnetic resonance (NMR) market is expected to grow at CAGR of more than 5% during the forecast period of 2020-2025.
Companies Mentioned
Key Market Trends
Onshore Sector to Dominate the Demand
NMR is a type of log that provides information about the quantities of fluids present, the properties of these fluids, and the sizes of the pores containing these fluids.
North America to Dominate the Market
The United States was one of the largest producers of crude oil and natural gas, accounting for around 18% and 23% of the global production, respectively, in 2019. The production surged in 2019, mainly due to robust drilling in its shale reserves, led by the Permian Basin.
Key Topics Covered:
1 INTRODUCTION
1.1 Scope of Study
1.2 Market Definiton
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Location of Deployment
5.1.1 Offshore
5.1.2 Onshore
5.2 Geogrpahy
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Middle-East and Africa
5.2.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Halliburton Company
6.3.2 Weatherford International plc
6.3.3 Vista Clara Inc
6.3.4 Baker Hughes Company
6.3.5 Qteq Pty Ltd
6.3.6 Mount Sopris Instruments Inc.
6.3.7 Schlumberger Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/g7niwe
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) has priced its concurrent offerings of (i) $500,000,000 in aggregate principal amount of 2.000% senior secured first lien notes due 2025 at a price to the public of 99.943% of their face value (the “2025 Secured Notes”) and $900,000,000 in aggregate principal amount of 2.450% senior secured first lien notes due 2027 at a price to the public of 99.859% of their face value (the “2027 Secured Notes” and, together with the 2025 Secured Notes, the “Secured Notes”), and (ii) $500,000,000 in aggregate principal amount of 3.375% senior unsecured notes due 2029 at a price to the public of 100.000% of their face value and $1,030,000,000 in aggregate principal amount of 3.625% senior unsecured notes due 2031 at a price to the public of 100.000% of their face value (collectively, with the Secured Notes, the “Notes”). The 2027 Secured Notes are being issued under NRG’s Sustainability-Linked Bond Framework, which sets out certain sustainability targets, including reducing greenhouse gas emissions.
The 2025 Secured Notes mature on December 2, 2025, the 2027 Secured Notes mature on December 2, 2027, the 3.375% senior unsecured notes due 2029 mature on February 15, 2029, and the 3.625% senior unsecured notes due 2031 mature on February 15, 2031. The offerings of the Notes (the “Notes Offerings”) are expected to close on December 2, 2020, subject to customary closing conditions. Failure to meet the sustainability targets with respect to the 2027 Secured Notes will result in a 25 basis point increase to the interest rate payable on the 2027 Secured Notes from and including the interest period ending on June 2, 2026.
NRG intends to use the net proceeds from the Notes Offerings, together with cash on hand, to fund the purchase price of the previously announced acquisition (the “Acquisition”) of Direct Energy, the North American energy supply, services and trading business of Centrica plc (“Centrica”), pursuant to the previously disclosed Purchase Agreement, dated July 24, 2020, among NRG, Centrica and certain of Centrica’s subsidiaries (the “Purchase Agreement”), and to pay fees and expenses relating to the Acquisition, if consummated.
In addition, Alexander Funding Trust, a newly-formed Delaware statutory trust (the “Trust”), has priced its private offering of pre-capitalized trust securities redeemable November 15, 2023 (the “P-Caps”) to certain qualified institutional buyers for an initial purchase price of $900,000,000. The Trust will initially invest the proceeds from the sale of the P-Caps in a portfolio of principal and/or interest strips of U.S. Treasury securities (the “Eligible Assets”) and will enter into a facility agreement with NRG under which NRG will pay a periodic premium to the Trust, and NRG will agree to issue 1.841% senior secured notes due 2023 (the “P-Caps Secured Notes” and, together with the P-Caps, the “P-Caps Securities”) to the Trust under certain circumstances. The Eligible Assets held by the Trust will be used to provide collateral to certain banks that have agreed to provide letters of credit for NRG’s account in an aggregate face amount of up to $900,000,000 to support NRG’s existing and future collateral obligations, including following consummation of the Acquisition. NRG will not receive any proceeds directly from the offering of the P-Caps. The offering of the P-Caps is expected to close on December 2, 2020, subject to customary closing conditions.
If the Acquisition is not consummated, or the Purchase Agreement is terminated, on or before July 24, 2021 (or, certain later dates pursuant to the automatic extension provisions of the Purchase Agreement, as applicable) (such event, an “Acquisition Triggering Event”), then NRG will be required to redeem, within 30 days of the Acquisition Triggering Event, all of the 3.375% senior unsecured notes due 2029 and $200,000,000 aggregate principal amount of the 3.625% senior unsecured notes due 2031, in each case, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date. In addition, the Trust will mandatorily redeem all of the P-Caps at a redemption price equal to 101% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date.
The Notes, and any P-Caps Secured Notes, will be guaranteed by each of NRG’s current and future subsidiaries that guarantee indebtedness under its credit agreement. The Secured Notes, and any P-Caps Secured Notes, will be secured by a first priority security interest in the same collateral that is pledged for the benefit of the lenders under NRG’s credit agreement, which consists of a substantial portion of the property and assets owned by NRG and the guarantors. The collateral securing the Secured Notes and any P-Caps Secured Notes will be released if NRG obtains an investment grade rating from two out of the three rating agencies, subject to reversion if such rating agencies withdraw NRG’s investment grade rating or downgrade NRG’s rating below investment grade.
The Notes and related guarantees, as well as the P-Caps Securities, are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or in the case of the Notes and related guarantees, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes and related guarantees, as well as the P-Caps Securities, have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release does not constitute an offer to sell any security, including the Notes and the P-Caps Securities, nor a solicitation for an offer to purchase any security, including the Notes and the P-Caps Securities.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future.
Forward-Looking Statements
This communication contains forward-looking statements that may state NRG’s or its management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally and whether the Notes Offerings or the offering of P-Caps will be consummated, the anticipated terms of the Notes and the P-Caps, and the anticipated use of proceeds, including the consummation of the Acquisition.
The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included herein should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the SEC at www.sec.gov.
Investors:
Kevin L. Cole, CFA
609.524.4526
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Media:
Candice Adams
609.524.5428
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--(BUSINESS WIRE)--#BillGross--AirMiners:
WHAT/WHO |
A very special AirMiners event. AirMiners’ mission is to connect technologists and entrepreneurs in carbon removal. We’re pleased to host Bill Gross of Idealab, widely recognized for his work in leveraging technology to support humanity’s transition to clean energy. |
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WHEN |
Wed, Nov 18, 2020
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HOW |
To attend, register here. After the event, watch the recording here. |
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WHERE |
Tito Jankowski from AirMiners will interview Bill about his interest in carbon removal, his new startup, Carbon Capture, and future prospects for the carbon capture industry. Additionally, we will broadcast this via EarthX TV! |
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WHY |
As one of the most creative people in business today, Bill has a long history of seeing what’s next for how key technological innovations come to light to solve for our most pressing problems. Bill’s interest in carbon removal signals a key inflection point in the development of an industry aiming to draw down one trillion tons of carbon from the atmosphere. |
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Miss the event? Click here to access replay. |
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About AirMiners
AirMiners is the place for entrepreneurs, engineers, and scientists, and designers working to extract carbon from the air. It exists to support the global carbon negative community with networking, education, inspiration and access to funding. AirMiners recently announced the AirMiners Accelerator to help entrepreneurs succeed with carbon removal innovations. To find out more about AirMiners, follow on Twitter @airminers or our LinkedIn.
About Idealab
Founded in 1996 by Bill Gross, Idealab is the world’s leading and longest running technology incubator. The company’s mission is to create and operate pioneering technology companies. During its more than two decades, Idealab has started more than 150 companies, created more than 10,000 jobs, and had more than 45 successful IPOs and acquisitions. Companies started by Idealab have raised more than $3.5 billion. The current Idealab portfolio includes companies innovating in sectors ranging from cleantech, artificial intelligence, robotics, and autonomous mobility to enterprise software.
About EarthX
EarthX convenes the world's largest environmental expo, conference and film festival, and is a member of IUCN, International Union for Conservation of Nature. EarthxTV, launched Fall of 2020 is a web-based platform for balanced, inclusive environmental conversations, programs, emerging media and films. Founded in 2011 by environmentalist and businessman Trammell S. Crow, the Texas-based 501(c)(3) nonprofit organization promotes environmental awareness and impact through conscious business, nonpartisan collaboration and community-driven sustainable solutions. Earthx2020 was held virtually in April and drew over 550,000 visitors worldwide. Visit www.EarthX.org or follow us @earthxorg on Instagram, Twitter and Facebook.
Marie Domingo - This email address is being protected from spambots. You need JavaScript enabled to view it. - (650) 888-5642
Stacy Williams - This email address is being protected from spambots. You need JavaScript enabled to view it. - (970) 819-0839
Karen Fleig - This email address is being protected from spambots. You need JavaScript enabled to view it. - (214) 207-9221
Bryceland brings nearly 30 years of banking, investment and asset management experience to increase the firm’s efforts in mobility, carbon capture and the circular economy
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--#CNG--Fortistar, a privately-owned investment firm that invests in, grows and manages companies that address complex sustainability challenges, today announced that Charles D. Bryceland has joined the company as managing director. Reporting directly to Fortistar President Mark Comora, Bryceland will identify and provide leadership for growth investments in mobility, carbon capture and the circular economy.
“As an investment firm specializing in industries undergoing transition, like energy and transportation, it is especially important that we continue to innovate and focus on emerging technologies that provide sustainability solutions now,” said Mark Comora, President of Fortistar. “That’s why we chose Chuck, whose decades of investing experience and extensive network in private markets will be critical in our effort to identify and grow new, high-performing assets and groundbreaking solutions that support decarbonization today. We have no doubt that his relationships, financial expertise and broad industry knowledge will expand our growing pipeline of investment opportunities and capital partners.”
“I am excited to join one of the most seasoned teams powering America’s transition towards a zero carbon future,” said Bryceland. “At Bessemer, I had the opportunity to work with the world’s best asset managers but realized few had the experience in driving sustainable solutions like the Fortistar team. It is my priority to expand on our success by sourcing new investments, technologies and capital partners to meet the growing demands for a more resilient, efficient and sustainable future.”
As more companies and investors around the world continue to adopt environmental, social and governance (ESG) principles, which are central factors in measuring sustainability, Bryceland will be critical to expanding and elevating the Fortistar network. Since 1993, Fortistar has successfully invested in and scaled companies in energy, transportation and industrials facing complex sustainability and profitability challenges. From projects that repurpose methane to create renewable natural gas to companies that produce commercial fuel from waste plastics, Fortistar maintains exceptional talent, like Bryceland, to seek out and invest in promising companies that support global sustainability efforts.
Bryceland brings nearly thirty years of financial services experience including senior leadership roles at investment firms and has served as a management consultant, banker, investor, capital allocator and asset manager. Most recently, Bryceland was head of alternative investments at New York-based multifamily office Bessemer Trust, where he was responsible for leading the firm’s $8 billion private equity, real asset and hedge fund investment activities. Prior to joining Bessemer, he established his own firm, The Bryceland Group, to provide outsourced chief investment officer (OCIO) and investment banking services. Before that, he was a managing director for Bank of America Securities following its acquisition of Montgomery Securities. He started his career at Morgan Guaranty, a legacy institution of J.P. Morgan & Co., Inc.
About Fortistar
Founded in 1993, Fortistar is a privately-owned investment firm that provides capital to build, grow and manage companies that address complex sustainability challenges. Fortistar utilizes its capital, flexibility and operating expertise to grow high-performing companies, first in power generation and now in mobility, carbon capture, the circular economy and other solutions that drive our transition to a zero-carbon future. As a team, Fortistar has financed over $3.5 billion in capital for companies and projects in the energy, transportation and industrial sectors. For more information about Fortistar or its portfolio companies, please visit: www.Fortistar.com and follow the company on LinkedIn.
Media Contact:
Lily Thieneman
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) today announced that it will participate in the 2020 RBC Midstream Energy Virtual Conference on November 18 and 19, 2020. Members of NGL’s management team will be participating in a series of virtual meetings with members of the investment community.
NGL’s slide presentation referenced at the Conference is available on NGL’s website at www.nglenergypartners.com on the “Presentations” sub-tab under the “Investor Relations” section.
About NGL Energy Partners LP
NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process. For further information, visit the Partnership’s website at www.nglenergypartners.com.
Trey Karlovich, 918-481-1119
Executive Vice President and Chief Financial Officer
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or
Linda Bridges, 918-481-1119
Senior Vice President – Finance and Treasurer
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DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, a leading North American renewable energy developer and provider, is pleased to announce that Jason Allen has been promoted to the position of CEO, effective November 1. Mr. Allen has been acting as interim CEO since February 2020. He joined the company in 2017 as its Chief Operating Officer.
“I am honored to accept the position of CEO at Leeward Renewable Energy,” said Mr. Allen. “I feel fortunate to have the opportunity to lead an OMERS portfolio company; they are a great owner that has been extremely supportive of our growth strategy. And it’s a privilege every day to work alongside the incredible team at Leeward.”
“On behalf of Leeward’s Board, I would like to congratulate Jason on his appointment as CEO of this dynamic company,” said Kenton Bradbury, Chair of Leeward’s Board of Directors. “Our unanimous support for Jason comes after the completion of an extensive search process. He has demonstrated excellent leadership of the business over recent months. We look forward to Leeward achieving further successes under Jason’s direction, as the business implements its strategy for growth,” Mr. Bradbury added.
“We strongly believe that Leeward Renewable Energy is an ideal platform for OMERS Infrastructure’s further expansion in the U.S. renewable energy space. We continue to invest in Leeward, and anticipate that the best is yet to come as the company executes on its growth plans under Jason’s leadership,” said Michael Ryder, Senior Managing Director and Head of Americas, OMERS Infrastructure.
Before joining Leeward, Mr. Allen served as Vice President of Operations – Power at AltaGas and had operational and P&L responsibility for their North American generation fleet. Mr. Allen also worked in several executive roles while working for Duke Energy Corporation for over 20 years. At Duke he served as Vice President, Fossil Hydro Operations Carolinas West, Senior Vice President Environmental Health and Safety, Vice President Duke Energy Renewable Operations, and numerous other positions within the corporation. He holds an MBA from Northwestern University’s Kellogg School of Management and a Bachelor of Science degree in Electrical Engineering from University of Cincinnati.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 21 wind farms across nine states, with 20 in operation and one under construction, totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$109 billion in net assets (as at December 31, 2019). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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HOUSTON--(BUSINESS WIRE)--NexTier Oilfield Solutions Inc. (NYSE: NEX) (“NexTier”) and National Oilwell Varco, Inc. (NYSE: NOV) (“NOV”) today announced that the two companies recently entered into an agreement to collaboratively field test NOV’s electric fracturing system known as the Ideal™ eFrac fleet.
The Ideal eFrac fleet provides efficient, environmentally conscious hydraulic fracturing capabilities that dramatically reduce emissions, equipment, and complexity at the well site.
Under the terms of the agreement, NexTier and NOV will collaborate to test the operational capability of the Ideal eFrac prototype in the field and under normal operating conditions. The agreement provides NexTier the option to transform from the test phase to the future purchase of the first Ideal eFrac fleet manufactured by NOV.
“NexTier is excited to partner with a company the caliber of NOV as we explore potential additional wellsite emissions reducing technologies to complement our market leading dual fuel gas powered fleet,” said Robert Drummond, President and Chief Executive Officer of NexTier. “This partnership to test NOV’s advanced eFrac technology progresses our journey of identifying the best solutions for NexTier and its customers, and evidences our commitment to further reducing our carbon footprint. By aligning with a quality partner like NOV and its Ideal technology, we have the ability to significantly lower the risk associated with next generation eFrac adoption and its deployment. We are proud of our progress and commitment to provide innovative solutions for the benefit of customers, employees, communities and investors.”
“We appreciate the opportunity to advance our Ideal e-Frac technology with the help of the team at NexTier, a leading provider of completions services to the oil and gas industry,” said Clay Williams, President and Chief Executive Officer of NOV. “NexTier is helping make completions technologies cleaner, quieter, and more efficient, which are solutions that oil and gas producers increasingly prefer. Utilizing abundant natural gas to generate electricity, and applying NOV’s technology to drive clean, quiet operations, further strengthens NexTier’s position as an industry leader.”
About NexTier Oilfield Solutions
Headquartered in Houston, Texas, NexTier is an industry-leading U.S. land oilfield service company, with a diverse set of well completion and production services across the most active and demanding basins. Our integrated solutions approach delivers efficiency today, and our ongoing commitment to innovation helps our customers better address what is coming next. NexTier is differentiated through four points of distinction, including safety performance, efficiency, partnership and innovation. At NexTier, we believe in living our core values from the basin to the boardroom, and helping customers win by safely unlocking affordable, reliable and plentiful sources of energy.
About NOV
NOV is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion, and production needs. Since 1862, NOV has pioneered innovations that improve the cost-effectiveness, efficiency, safety, and environmental impact of oil and gas operations. NOV powers the industry that powers the world. Visit www.nov.com for more information. Information on the Company’s website is not part of this release.
NexTier Investor Contact:
Kenneth Pucheu
Executive Vice President - Chief Financial Officer
(713) 325-6000
NOV Investor Contact:
Blake McCarthy
(713) 815-3535
RE100 Global Program Aims to Create Fully Renewable Ecosystems
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) and SK Engineering and Construction (SK E&C) today announced they have won a competitive Request for Proposal (RFP) under the RE100 program to supply solid-oxide fuel cells (SOFC) powered by 100 percent hydrogen and electrolyzers to an industrial complex in Changwon, Korea. The RE100 is a global renewable energy initiative led by the Climate Group to accelerate the move toward zero-carbon electricity grids. The Changwon RE100 proposal process, run by the Korean Industrial Complex Corporation, is a project aimed at identifying and selecting partners to contribute to a fully renewable ecosystem in Korea.
Bloom Energy will supply 1.8 megawatts of hydrogen-powered fuel cells through a multi-stage deployment from late 2021 into 2022. The fuel cells will be the cornerstone of a microgrid that also includes onsite solar and battery storage.
“SK E&C and Bloom Energy are paving the way toward a zero-carbon energy future,” said Jason Ahn, CEO, SK E&C. “With a projected domestic deployment of 8.4 gigawatts of stationary fuel cells, coupled with an additional 6.6 gigawatts for international export, Korea is trailblazing the hydrogen economy. We are honored to be selected by the Korean Industrial Complex Corporation for this inspiring RE100 project – a testament to Bloom Energy and SK E&C’s market leadership.”
In addition, Bloom Energy intends to supply its solid oxide electrolyzer cells (SOEC), which will be capable of producing green hydrogen via solar and battery, to the site in 2022. The green hydrogen produced by the SOEC, which is created through electrolysis by converting water and renewable electricity into hydrogen without carbon emissions, will be used to power the hydrogen SOFC.
“Since Bloom Energy’s founding, nearly two decades ago, we’ve known that our technology platform could play a critical role in the hydrogen economy,” said KR Sridhar, founder, chairman and CEO, Bloom Energy. “When it came to hydrogen, the question was never if – but when. With emerging interest in the adoption of hydrogen, our commercial hydrogen strategy is on schedule, and the timing for market entry is right. As the world’s most significant and influential consumers demand and conform to RE100 standards, we are well-positioned with our technology platform to lead in this massive global transformation.”
In July, Bloom Energy announced it would introduce hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen to the South Korean market through its longstanding partnership with SK E&C. That project, under which 100 kilowatts of hydrogen-powered Bloom Energy Servers are scheduled to ship by the end of the year, is expected to power on in early 2021.
As hydrogen is both widely available and contains no carbon, many governments are now recognizing it as an essential tool for full decarbonization. South Korea’s government-supported Hydrogen Economy Roadmap is notably among the most ambitious in the world, with the aim of ensuring 15,000 megawatts of hydrogen fuel cell installations, 6.2 million hydrogen vehicles and 1,200 hydrogen charging stations are in operation by 2040. In addition, 66 countries and nearly all of the largest utilities in the United States have pledged to fully or significantly decarbonize by 2050.
Later today, at 4:30 p.m. EST/1:30 p.m. PST, Bloom Energy will host an investor conference call to discuss its approach to hydrogen as well as an update on its entry into the commercial hydrogen market and its hydrogen-powered fuel cells.
For more details, visit: https://www.bloomenergy.com/newsroom/press-releases/bloom-energy-announces-upcoming-investor-event-nov-18-2020
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, Bloom Energy’s expectations regarding the hydrogen fuel cell market in South Korea, Bloom Energy’s expectations regarding its hydrogen-powered fuel cells and electrolyzers, and Bloom Energy’s ability to successfully deliver these new hydrogen applications. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section of Bloom Energy’s Annual Report on Form 10-K for the year ended December 31, 2019, its most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Media Relations:
Jennifer Duffourg
Bloom Energy
+1 (480) 341-5464
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Investor Relations:
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Growing specialty materials portfolio addresses sustainable POM product options
DALLAS--(BUSINESS WIRE)--$CE #Celanese--Demand for materials with renewable content and lower environmental impact is growing across customer segments. Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today launched a sustainable polyacetal (POM) product offering known as POM ECO-B to support the growing demand.
POM ECO-B allows customers to realize reduction in carbon dioxide emission in their end-use products and advance toward their renewable content goals. Celanese believes that this offering has a strong value proposition for customers in the automotive, consumer products and medical device industries where footprint reduction or renewable content is important.
Celanese’s POM ECO-B contains up to 97% bio-content via a mass-balance approach as certified by the International Sustainability and Carbon Certification (ISCC+). It reduces carbon dioxide footprint per kilogram of POM polymer by more than half without any impact on properties or need for requalification.
“Celanese is committed to enhancing our specialty materials product offerings and capabilities through ongoing investments in sustainable product developments. Today’s launch of Celanese POM ECO-B is yet another example of our focus on developing functionalized grades that meet rigorous technical specifications while offering eco-friendly content options for customers,” said Tom Kelly, Senior Vice President, Engineered Materials, Celanese.
Product Availability & Contacts
To further discuss POM ECO-B, please reach out to a Celanese commercial representative via the following regional email contacts:
For more information on product features and benefits, please visit the following website: https://www.celanese.com/engineered-materials/products/Hostaform-POM--Celcon-POM/hostaform-pom-eco-b.
For additional information regarding Celanese’s sustainability efforts and products, visit https://www.celanese.com/sustainability/.
About Celanese
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2019 net sales of $6.3 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
Forward-Looking Statements: This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from the forward-looking statements contained in this release. Risk factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Investor Relations
Brandon Ayache
+1 972 443 8509
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Media Relations – Global
W. Travis Jacobsen
+1 972 443 3750
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Media Relations Europe (Germany)
Petra Czugler
+49 69 45009 1206
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DUBLIN--(BUSINESS WIRE)--The "Solar Street Lighting Market Research Report: By Structure Type, Component, Installation, Application - Global Industry Trends and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The rapidly reducing costs of solar lighting systems is a major factor responsible for the growing demand for solar street lighting devices across the globe. As per a report produced by the National Renewable Energy Laboratory (NREL), the prices of solar panels decreased by 80% over the last 30 years, that is, from $10 per Watt (W) to nearly $2 per Watt from 1980 to 2010. The prices of these panels declined further by 50% during 2015 - 2019, that is, from $0.70 per Watt to $0.35 per Watt over the time period.
The increasing road infrastructure development projects in several countries, on account of the soaring vehicular traffic, is another key factor fuelling the demand for solar street lighting devices throughout the world. Many countries such as India, Germany, the U.S., and China are increasingly launching massive roadway and highway development projects, because of the growing urbanization and road traffic. The sales of commercial vehicles increased by 2.2% all over the globe in 2019. Moreover, the sales of these vehicles reached 26.9 million units across the globe in 2019.
Apart from the aforementioned factors, the surging number of smart cities is also contributing massively toward the soaring sales of solar street lighting systems throughout the globe. There has been a huge rise in the construction of smart cities in various countries such as the U.S., India, Saudi Arabia, China, and South Korea over the last few years and this trend will further continue in the future years as well. Additionally, the governments of many countries are making huge investments for the development of smart cities, thereby boosting the sales of the solar street lighting devices.
Due to the above-mentioned reasons, the valuation of the global solar street lighting market will increase from $5.7 billion to $14.6 billion from 2019 to 2030. Furthermore, the market will advance at a CAGR of 9.4% between 2020 and 2030, as per the calculations of the publisher, a market research firm based in India. Airport runways, parks and playgrounds, manufacturing sites, parking lots, and roadways and highways are the major application areas of the solar street lighting systems. Amongst these, the usage of these lights will be the highest in roadways and highways in the years ahead.
Speaking regarding the regional market growth, the Asia-Pacific (APAC) solar street lighting market will demonstrate the fastest growth in the future years. This is ascribed to the rapid urbanization, especially in the developing nations of APAC and the subsequent rise in the demand for lighting devices. In addition to this, the presence of major solar street lighting devices manufacturing companies in the APAC countries is massively boosting the sales of these devices in the region.
Thus, it can be easily concluded from the above paragraphs that the demand for solar street lighting devices will surge throughout the world in the upcoming years, primarily because of the rising construction of buildings and infrastructural modernization and renovation works, increasing construction of smart cities, and extensive development of roadways, railway lines, and airports in many countries around the world.
Market Dynamics
Trends
Drivers
Restraints
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/uq4rwl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.105 per share of Class A common stock, to be paid on December 7, 2020 to holders of record as of November 27, 2020. A distribution of $0.105 per unit has also been approved for holders of units in Solaris Oilfield Infrastructure, LLC, which is subject to the same payment and record dates.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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Solaris Oilfield Infrastructure, Inc.
DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Pumps Market by Type (Submersible, Non-submersible), Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Rotary and Gear, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global oil & gas pumps market is projected to reach USD 9.0 billion by 2025 from an estimated USD 6.6 billion in 2020, at a CAGR of 6.4% during the forecast period.
Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the oil & gas pumps market. Likewise, the development of pipeline infrastructure in Asia Pacific and the Middle East and the discovery of new reservoirs in the African region are expected to offer lucrative opportunities for the oil & gas pumps market during the forecast period. However, the growing usage of renewable energy and managing lead time of product are expected to hinder the growth of the market.
The submersible pump, by type, is expected to be the fastest-growing market from 2020 to 2025.
Submersible pumps, as the name implies, can be submersed within a tank, well, or other containers. These pumps are designed to be suitable for immersion. Submersible pumps find applications in oil production and in supplying water for agriculture and industry. The type most widely used in the Soviet Union is the submersible centrifugal pump with electric drive for oil production and vertical pumping of water. In other countries, submersible pumps of the piston type with hydraulic drive are also used. The increasing offshore oil & gas activities are expected to boost the demand for submersible pumps in the oil & gas industry
The centrifugal segment, by pump type, is expected to be the largest market from 2020 to 2025.
Centrifugal pumps are used in the upstream segment as part of tri-phase or multi-phase pumping applications. Various types of centrifugal pumps are used in a wide variety of applications, for example, electrical submersible pumps are used as a water and oil separator, in which water can be reinjected into a reservoir without lifting it to the ground surface. Despite the slowdown in the oil & gas sector and the fall in oil prices, the oil & gas industry continues to be one of the largest end users of centrifugal pumps. Also, the oil & gas sector is expected to witness high investments in the coming years. Investments in the oil & gas sector from emerging economies and continuing developments in high crude oil-producing regions such as the Middle East, North America, and Russia are projected to drive the growth of the market for centrifugal pumps globally.
Asia Pacific: The largest and the fastest-growing region in the oil & gas pumps market.
The regional market is further segmented into China, Japan, India, South Korea, Australia, and Rest of Asia Pacific. The market in China is expected to grow as it is one of the major importers of oil and its domestic demand surpasses its production. Automation ensures optimum utilization of resources and curbs imports. It also helps in the reduction of labor costs and human interference, which is currently a major concern in Asia Pacific owing to stringent labor laws. The demand for oil products in the Asia Pacific region is rapidly increasing as the region experiences strong economic growth. The region has less than 9.0% of the world's proven reserves, implying a high rate of redevelopment and rehabilitation of oilfields.
Substantial economic growth and the demand for oil & gas have led to an increase in offshore oil & gas E&P in the region. The increasing activities in deeper and more remote waters in the Philippines and Myanmar are expected to meet the growing energy demand. According to the BP Statistical Review of World Energy 2020, Asia Pacific accounted for 44.1% share of global primary energy consumption.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/a3un9a
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MINNEAPOLIS--(BUSINESS WIRE)--North Sky Capital (“North Sky”), a pioneer in impact private equity and sustainable infrastructure investing, today announced it has been awarded $30 million of tax credits by the U.S. Department of the Treasury as part of the New Markets Tax Credit Program (NMTC). North Sky, DBA National Impact Fund, has begun the process of reviewing investment opportunities and expects to begin allocating these tax credits over the next several months.
Celebrating its 20th anniversary as a leader in impact investing, North Sky takes a collaborative approach to identifying impact investments across private equity and sustainable infrastructure that are focused on making the world a better place. Since 2000, North Sky has made approximately $1.0 billion of impact investments.
“We’re excited about the opportunities the NMTC award provides us to invest in businesses that can directly reinvigorate struggling local economies,” said Scott Barrington, CEO of North Sky. “For 20 years North Sky’s mission has been focused on bringing about positive social and environmental change, and the ability to allocate these tax credits to companies focused on making an impact in their communities is a clear win for all involved.”
The NMTC Program attracts private capital into low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax in exchange for making equity investments in distressed areas. More than $3.5 billion in total NMTC allocations were made to 76 Community Development Entities as part of the 2019 Program.
According to the U.S. Department of the Treasury, NMTC Program awards have generated $8 of private investment for every $1 invested by the federal government, with recipients deploying nearly $52.5 billion in investments in low-income communities and businesses. The impact of these investments includes the creation or retention of more than 836,000 jobs, and the construction or rehabilitation of more than 218.3 million square feet of commercial real estate, according to the U.S. Treasury Department.
To learn more about North Sky and its commitment to impact investing, download North Sky Capital’s 2020 Impact Report.
About North Sky Capital
North Sky Capital is a thought leader and a pioneer in impact investing, seeking to make the world a better place by bringing about positive social and environmental change while targeting top-quartile investment returns. Now in its 20th year, North Sky has raised more than $1.5 billion in investor commitments, focused on impact private equity secondary and sustainable infrastructure investments on behalf of a diversified group of institutional and individual investors. Based in Minneapolis, with offices in Boston and New York, North Sky and its clients have created one of the largest impact private market platforms in North America. For more information, visit northskycapital.com.
Jeremy Milner
BackBay Communications
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401-862-9422
DUBLIN--(BUSINESS WIRE)--The "Zero-Emission Initiatives Drive the Global Laser-Based Gas Analyzers Market" report has been added to ResearchAndMarkets.com's offering.
The global laser-based gas analyzers market is estimated to reach approximately $566.4 million by 2026.
This research analyzes the global trends in the laser-based gas analyzers market. The global laser-based gas analyzers market was witnessing steady growth, with safety, process, and environmental applications driving demand across vertical markets.
The spread of the COVID-19 pandemic has halted production globally and is resulting in many upcoming projects being canceled or delayed. Globally, many plants across industries such as process, energy and power, and industrial manufacturing have been closed, resulting in a significant drop in demand.
Despite countries beginning to relax restrictions, it is unlikely for demand to return to pre-COVID-19 levels in 2020 and 2021. The oil price slump did not help the situation and resulted in oversupply with weak demand. Hence, the demand for gas analyzers is expected to be low in energy and related industries as well. Once industries return close to previous plant utilization levels, demand will also increase. The market has been segmented by technique type, vertical markets, and regional markets.
The study covers the market share analysis of top competitors in addition to discussing the strengths, weaknesses, opportunities, and threats (SWOT) analysis of these participants. The study also describes the distribution structure in this market.
Annual estimates and forecasts are provided for the period 2016 to 2026. The geographical scope of the study includes North America, Europe (EU), Asia-Pacific (APAC), and Rest of the World (RoW).
North America is a significant contributor to the laser-based gas analyzers market owing to the energy and manufacturing industries. Regulatory compliance in Europe toward environmental protection is a key contributor to demand.
APAC was the largest contributor and the fastest growing region with growing industrialization in economies such as China and India. The market is approached usually through a combination of direct and indirect channels.
Gas analysis is done using various techniques, and companies are focused on offering analyzers based on one technique. The market does not have participants offering all techniques but companies offer only one solution to several vertical markets. The market also has companies targeting a specific vertical market or a niche application.
The tunable diode laser spectroscopy (TDLS) technique currently holds a major share of the market. Demand for inline measurements is growing, especially in certain applications where continuous measurements are required or human intervention is not possible. The study discusses various trends that are changing the laser-based gas analyzers market and their business impact on enterprises, service providers, and small and medium businesses.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Regulations and Directives
4. Drivers and Restraints - Total Laser-based Gas Analyzers Market
5. Forecast and Trends - Total Laser-based Gas Analyzers Market
6. Market Share and Competitive Analysis - Total Laser-based Gas Analyzers Market
7. Growth Opportunities and Companies to Action
8. Mega Trends and Industry Convergence Implications
9. TDLS Segment Analysis
10. RA Segment Analysis
11. QCLS Segment Analysis
12. CRDS Segment Analysis
For more information about this report visit https://www.researchandmarkets.com/r/5bthkp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--$KBH #EnergyEfficientHomes--KB Home (NYSE: KBH) today announced a significant milestone: delivering over 11,000 solar-powered homes. KB Home has been a pioneer in solar homebuilding and was one of the first national homebuilders to offer solar. In 2011, the company introduced its first all-solar community, taking an early leadership position in the industry. At a time when many builders had deemed sustainable housing a “luxury,” KB Home recognized the potential solar-powered homes presented. The homebuilder established a solar home program that put energy-efficient homeownership within reach for thousands of buyers, offering a winning combination of helping to lower their utility bills and reduce their environmental footprint.
“We are proud to have delivered over 11,000 solar homes, a milestone that reflects the company’s commitment to building energy-efficient homes,” said Jeffrey Mezger, Chairman, President and Chief Executive Officer of KB Home. “Our innovative new solar homes help our homeowners lower their overall utility costs and enable them to enjoy a more sustainable lifestyle.”
For nearly a decade, KB has partnered exclusively with SunPower to offer all-solar communities, developing an enduring partnership in the process. More recently, KB Home became the first homebuilder to offer SunPower’s new OneRoofTM product, a complete roof-integrated solar system ideal for the new-home market.
“KB Home has long been at the forefront of prioritizing renewable energy in new-home construction, and we extend a big congratulations to them on delivering over 11,000 homes equipped with SunPower’s systems, more homes than any other homebuilder in the nation,” said Norm Taffe, Executive Vice President of North American Channels at SunPower. “SunPower’s durable and attractive roof-integrated solar system enables KB homebuyers to lower their cost of energy and reduce their carbon footprint—a winning combination."
Today, all KB homes are designed to meet or exceed ENERGY STAR® certification standards, meaning the homes can have substantially lower monthly utility costs when compared to typical used homes. In fact, KB has delivered over 146,000 ENERGY STAR certified new homes, a milestone that surpasses all other homebuilders. With the addition of solar to an ENERGY STAR certified home, KB homeowners can further reduce their environmental footprint and their electricity bills. To date, KB solar homes have produced an estimated 428 million total kilowatt hours of electrical power, reducing CO2 emissions by an estimated 668 million pounds—the equivalent of removing over 64,000 cars from the road for an entire year.
For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.
For more information on KB Home's sustainability initiatives, visit kbhome.com/sustainability.
About KB Home
KB Home is one of the largest and most recognized homebuilders in the United States and has been building quality homes for over 60 years. Today, KB Home operates in 42 markets across eight states, serving a wide array of buyer groups. What sets us apart is how we give our customers the ability to personalize their homes from homesites and floor plans to cabinets and countertops, at a price that fits their budget. We are the first builder to make every home we build ENERGY STAR® certified. In fact, we go beyond the EPA requirements by ensuring every ENERGY STAR certified KB home has been tested and verified by a third-party inspector to meet the EPA’s strict certification standards, which help to lower the cost of ownership and to make our new homes healthier and more comfortable than new ones without certification. We also work with our customers every step of the way, building strong personal relationships so they have a real partner in the homebuying process, and the experience is as simple and easy as possible. 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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HONOLULU--(BUSINESS WIRE)--#dronedelivery--The long-endurance hybrid-electric Skyfront Perimeter drone was recently used to perform the first ship-to-submarine delivery via small unmanned aircraft. During the historic flight, the Perimeter took off from a moving surface vessel and delivered supplies to the crew of the ballistic missile submarine, in a quick and cost-effective way to resupply submarines at sea.
The flight unveiled Skyfront’s command and control handoff capability. During the flight, pilots aboard the surface vessel launched the drone and flew it near the submarine. Once there, pilots aboard the submarine took control of the drone and released the package onto the top of the sub.
Command and control handoff is offered as an option on all Skyfront Perimeter unmanned aerial vehicles, including those integrated with Silvus Technologies’ best-in-class Streamcaster radios for the data link and Optimum Solutions’ long range tracking antennas. The option allows an unlimited number of pilots and ground control stations to seamlessly view video from and take control of the Perimeter UAV at any time. Pilots can control the drone with joysticks or with Skyfront’s satellite map software.
The capability is essential for long range missions to maintain line-of-sight control by using multiple distributed pilots to comply with some countries’ aviation rules and regulations. It also allows pilots to maintain full control of the vehicle while flying over rugged terrain where radio links are likely to be compromised by line-of-sight obstructions.
About Skyfront
Skyfront manufactures the longest endurance hybrid-electric multirotor drones in the world, with proven flight times of 5 hours. Skyfront's UAVs are designed and equipped for beyond-visual-line-of-sight missions, including video, telemetry and control links up to 60 miles (100 km) away from the ground control station. Customers use the Perimeter for inspection and surveillance missions worldwide due to extremely long flight times, communications range, safety, rapid deployment, and ease of use. For more information, please visit www.skyfront.com.
Troy Mestler, Ph.D.
+1 (831) 704-5414
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HyperSport SX and HyperSport SE available for pre-order now with innovative subscription plans provided by Freedomroad Financial
VANCOUVER, British Columbia--(BUSINESS WIRE)--Damon Motors today released details of HyperDrive™, the world’s first 100 percent electric, multi-variant powertrain platform that redefines motorcycle performance, safety and design. As a platform for future Damon motorcycles, HyperDrive is a monocoque-constructed, high-voltage powertrain that a wide range of models and submodels can be built upon.
To showcase the HyperDrive platform, Damon has announced the release of two new motorcycle models for pre-order: HyperSport SX and HyperSport SE, each with HyperDrive at their core. Configured with 15kWh, the HyperSport SX delivers more than 150 miles range and 150 horsepower from its HyperDrive, while the HyperSport SE with 11kWh boasts over 100 miles range and 108 horsepower.
In partnership with FreedomRoad Financial, Damon has also announced a revolutionary subscription plan offering for all HyperSport models. Customers can choose from 24, 36 and 48-month subscription plans with a guaranteed residual value, (conditions apply, with normal wear-and-tear) providing customers the freedom to exchange their HyperSport for updated models at the end of the term. As hardware gets updated, customers can always expect next-generation technology without the hassle and trade-in losses that occur with legacy dealerships and brands.
“As we at Damon continue to reinvent two-wheel mobility, HyperDrive lies at the heart of our innovation,” said Jay Giraud, founder & CEO at Damon Motors. “HyperDrive serves as the nucleus of our creations and will allow us to further evolve our technology and continue to introduce the world’s most exciting and groundbreaking electric motorcycles.”
“Damon continues to electrify the entire motorcycle industry with unprecedented features and next-generation technology that sets it apart from the competition,” said Rob Enderle, principal analyst at Enderle Group. “The Damon team has set a new standard in modern motorcycling with its ongoing commitment to maximizing all aspects of its motorcycles from the ground-up to deliver an unparalleled riding experience.”
HyperDrive is optimized for maximum performance, design and safety.
Performance
Design – Battery as a structural element
Damon's HyperDrive includes the most energy-dense pack in transportation at over 200Wh/kg, but that has not stopped Damon from pursuing every opportunity to increase range and performance.
“Motorcyclists love to see motorcycles as visual diagrams of how they work,” said Dom Kwong, CTO at Damon Motors. “We aimed to emphasize this in a modern electric powertrain for the first time. The structural aspects of HyperDrive celebrate the optimization of mechanical design and performance as its central design expression.”
Safety
As well-meaning as they are, no amount of awareness campaigns, compulsory riding lights, or neon vests have significantly reduced motorcycle accidents. Damon believes the only way to bring about a paradigm shift in motorcycle safety is through the use of disruptive technology.
“We’re on a mission to radically improve motorcycle safety,” said Jeff Sand, design director at Damon Motors. “Our core values permeate the vehicle's design and the systems in them. From passive thermal propagation resistance in our battery packs, to redundancy in critical drive systems, to our novel CoPilot 360º collision warning system, our aim is to invent the future of motorcycle safety and performance.”
The HyperSport Family
Models |
SE |
SX |
HS |
Premier |
HP |
108 |
150 |
>200 |
>200 |
Torque |
>200 |
>200 |
>200 |
>200 |
Top Speed |
120 mph |
155 mph |
200 mph |
200 mph |
Range Per
|
100 miles |
150 miles |
200 miles |
200 miles |
Onboard
|
6.6 kW and DC 19.2 kW |
|||
CoPilot™ |
Included |
|||
Shift™ |
Included |
|||
4G connectivity
|
Included |
|||
Over-the-air
|
Included |
|||
Brakes |
To be announced |
Brembo |
||
Suspension |
Ohlins |
|||
Swing arm type |
Two sided |
Single sided |
||
Est. MSRP |
$16,995 USD
|
$19,995 before
|
$24,995 before
|
$39,995 before
|
Subscription
|
Pricing to be released on damon.com
|
|||
|
||||
About Damon Motors Inc.
Damon is unleashing the full potential of personal mobility for the world’s commuters. With its HyperDrive™ proprietary electric powertrain, the company has developed the world’s safest, smartest, fully connected electric motorcycles employing sensor fusion, robotics and AI. Designed as a platform for worldwide line extension, Damon motorcycles will ship direct to customers on subscription plans to drive scale.
Based in Vancouver, Canada, Damon is founded by serial entrepreneurs Jay Giraud and Dom Kwong. Damon’s investors include Round 13 Capital, Techstars, Fontinalis, Extreme Venture Partners, and Pallasite Ventures.
Learn more at damon.com and follow us on Instagram @damonmotorcycles.
Damon Motors Inc. Media Relations
Media contact: Donna Loughlin Michaels
Loughlin Michaels Group
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(408) 393-5575
TORONTO--(BUSINESS WIRE)--#CapitalRaise--Peak Power, a Canadian based Startup, announced today that is has received funding from Sensata Ventures and Export Development Canada (EDC) to fund further expansion of its proprietary Synergy™ Platform.
The AI-based Synergy™ software supports Peak’s mission to enable the integration of distributed energy resources into the Smart Cities and connected buildings. With Synergy™, Peak Power can optimize energy assets, including buildings, energy storage and electric vehicles acting as synthetic, stationary, and mobile batteries respectively. These solutions can be deployed independently or collectively as a Virtual Power Plant to respond to the grid’s needs in real-time. Through the Synergy™ platform, Peak unlocks new revenue streams and reduces emissions for their customers in the C&I, energy development, and utility sectors.
Sensata’s investment in Peak Power forms part of its strategic growth initiative in the energy sector. “We recognize that Peak Power is a leader in the development of advanced optimization software for distributed energy resources. After seeing the capabilities of their Synergy™ platform, we believe Peak will play a critical role in enabling intelligent and clean energy in Smart Cities,” said George Verras SVP of Sensata Ventures. “We intend to actively engage Peak Power to help meet our strategic objectives in the energy management space.”
“Peak Power exemplifies a Canadian success story, showcasing the talent and expertise Canada has to offer in using artificial intelligence in energy control,” said Carl Burlock, Executive Vice-President and Chief Business Officer at EDC. “We are proud to support Peak Power through EDC’s investment Matching Program, which will enable the company to scale its business internationally, while making a positive impact on the environment.”
Headquartered in Toronto, Peak Power has assets under control in Ontario, New York and California, representing some North America’s largest Real Estate Investment Trusts and Commercial & Industrial facilities. They have achieved numerous industry firsts, including being the first to discharge a fleet of electric vehicles using Vehicle-To-Grid technology as part of a multi-asset virtual power plant in response to grid needs. Peak’s work has been featured in both Forbes and BNN for their innovation and business acumen.
“Peak is very grateful to have the support of both Sensata and EDC,” said Derek Lim Soo, CEO and Co-Founder of Peak power. “Sensata is a leader and innovator in sensor solutions which is a natural strategic fit with our Synergy™ offering, and EDC is renowned for helping Canadian companies succeed in the global market. Together, we will focus on high-value customer segments, including manufacturing, Commercial & Industrial and buildings to create differentiation through technology innovation.”
About Peak Power
Peak’s AI-powered software enables intelligent energy in smart cities by optimizing synthetic, stationary, and mobile batteries to act as grid resources. Peak’s solutions reduce client’s operating costs and environmental footprint while decreasing strain on the grid.
About Sensata
Sensata Technologies is one of the world's leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centers in 11 countries. Sensata’s sensors are the fundamental building blocks needed for a smart, connected, electrified and ultimately, autonomous world.
About EDC
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance, and connections – to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC’s domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically.
For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca
EDC
Export Development Canada
1-888-222-4065
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SENSATA TECHNOLOGIES
Alexia Taxiarchos
Senior Director of Global Communications
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PEAK POWER
Imran Noorani
Vice President, Strategy & Corporate Development
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eleventh consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership.
Hess is one of three oil and gas producers in the Energy industry group listed on the North America Index. The DJSI, introduced in 1999, is among the very first set of global indices to track the largest and leading sustainability-driven publicly listed companies. The DJSI was founded on the belief that integrating Environmental, Social and Governance (ESG) factors into traditional financial analysis can generate long-term value.
“Being recognized by the Dow Jones Sustainability Index for the eleventh consecutive year is an honor and underscores our commitment to sustainability which we believe creates value for all our stakeholders,” said Alex Sagebien, Vice President, Environment, Health and Safety.
In addition, the Transition Pathway Initiative or TPI recently published its 2020 report on the progress of 163 energy companies in transitioning to a low carbon economy and supporting efforts to mitigate climate change in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. In TPI’s 2020 report, Hess is the only U.S. oil and gas company to achieve a Level 4-star rating, which is awarded to companies that demonstrably manage climate-related risks and opportunities from a governance, operational and strategic perspective and satisfy all TPI Management Quality criteria.
Hess’ Sustainability Report describes the company’s sustainability strategy and performance on environmental, social and governance programs and initiatives. The report is available at: www.hess.com/sustainability/sustainability-reports.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information about the company is available at www.hess.com.
For Hess Corporation
Investor Contact:
Jay Wilson
(212) 536-8940
Media Contact:
Lorrie Hecker
(212) 536-8250
DUBLIN--(BUSINESS WIRE)--The "Oil Drilling Automation Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The oil drilling automation market is evaluated at US$486.688 million for the year 2019 growing at a CAGR of 10.01% reaching the market size of US$862.494 million by the year 2025.
Oil drilling automation refers to the automation of sub-processes of operational as well as downhole activities that are necessary for the drilling of oil. In other words, it refers to the integration of surface and downhole measurements with the help of modernized machinery, systems as well as predictive models to improve operational efficiency in a cost-efficient and effective manner.
There are growing requirements of safety as well as efficiency during the drilling process, thus, these tools and equipment further offer enhanced safety and efficiency with the help of predictive tools and models. Automation of drilling are being increasingly adopted due to the fact that it also helps to optimize the surface activities. For this, a combined system is required with a comprehensive understanding of the subsurface and its interactions with the drilling systems that operate under surface drilling.
The market for oil drilling automation is being primarily driven by the fact there has been a significant increase in the exploration activities owing to the increased demand, which is anticipated to be one of the prime factors that are expected to supplement the demand for automation solutions in oil fields.
Furthermore, the increasing focus on the development of new oil fields with reduced risks and enhanced safety and efficiency is a major factor that is paying a significant role in shaping up the market growth throughout the course of the next five years. Additionally, the up-gradation of the existing infrastructure in the oil fields coupled with the growing penetration of automation processes across several industry verticals is further bolstering the oil drilling automation market growth throughout the forecast period.
However, the market may be restrained by the fact that the initial upfront costs of these solutions is further leading to a reluctance in the adoption of these solutions. Also, the risk of security coupled with the volatile nature of the oil industry are some of the additional factors that are projected to inhibit the market growth.
Furthermore, the outbreak of COVID-19 is considered to be a major factor that is expected to hamper the market growth during the short run due to the fact that in many parts of the world the capital expenditure spending on oil and gas has been negatively impacted due to economic crisis. Also, the halt in industrial manufacturing further led to a decline in energy demand as well, which further led to a decline in the production.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Oil Drilling Automation Market Analysis, by Application
5.1. Introduction
5.2. Offshore
5.3. Onshore
6. Oil Drilling Automation Market Analysis, by Offering
6.1. Introduction
6.2. Hardware
6.3. Software
7. Oil Drilling Automation Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Huisman Equipment B.V.
9.2. Sekal AS
9.3. Drillform Technical Services Ltd.
9.4. National-Oilwell Varco, Inc.
9.5. Rigarm Inc.
9.6. Automated Rig Technologies Ltd.
9.7. Nabors Industries Ltd.
9.8. ABB
9.9. Emerson Electric Co.
9.10. Honeywell International Inc.
For more information about this report visit https://www.researchandmarkets.com/r/rmmw3f
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