DUBLIN--(BUSINESS WIRE)--The "Worldwide Wind Farms Database" database has been added to ResearchAndMarkets.com's offering.

This database of world wind includes 31506 entries in 127 countries. Its content represents 530,3 GW onshore and 319,8 GW offshore.

Detailed breakdown:

Onshore market:

• Under construction: 396 entries (27,4 GW)
• Operational: 28318 entries (502,9 GW)

Offshore market:

• Planned: 470 entries (196,8 GW)
• Approved: 192 entries (73,2 GW)
• Under construction: 61 entries (19,8 GW)
• Operational: 206 entries (30,1 GW)

Provided Content:

Location

• Country
• Zone/District
• City
• WGS84 coordinates

Turbines

• Manufacturer
• Turbine Model
• Hub Height
• Number of turbines
• Total Power

Players

• Developer
• Operator
• Owner

Status Data

• Status
• Commissioning Date

Format: Excel or .CSV file

For more information about this database visit https://www.researchandmarkets.com/r/hswb2s

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The renewable energy is expected to meet nearly 13% of the total energy demand and is expected to grow at an estimated CAGR of around 5%, during the forecasting period. Investments in the wind power sector increased by 3% in 2018, compared to that in the previous year, reaching USD 129.7 billion.

The growing investment indicates the growth in the renewable energy market across the globe. The drivers of the renewable energy market primarily include the policies from the national and international bodies to stabilize or to control CO2 emission and the growing focus on alternative fuels to achieve an imperishable form of energy.

For instance, the Paris Agreement contracting all nations to combat the changing climate and to adopt a sustainable, low-carbon source of energy is one of the significant drive factors. However, power grid expansion, delay in renewable energy connection, and financing access to the projects are the major restraints that slowdowns the market to expand.

The wind energy market is expected to expand as the world's significant source of renewable electricity generation by 2025 and is expected to play a critical role in decarbonizing the power system and improving flexibility.

By 2050, solar PV, wind, and hydro, together, are estimated to produce approximately 80% of the global electricity generation, which in turn is expected to create an opportunity for the market to grow in the future.

Asia-Pacific region is one of the largest regions in the renewable energy market, which is concentrating on the cleaner version of fuels rather than just focusing on crude oil and its products. The deviation of energy sources would not only reduce the dependency of fossil fuels but would also help to control the rising air pollution within the region.

Key Market Trends

Wind Energy as a Significant Electricity Source

• Harvesting energy from wind has been done for several decades, but it is only in the last few years that it has become more concerned about global climate change. The usage of wind power has reached a point where it has become a noticeable contributor to the world's energy mix.
• The depleting fossil fuel reserves, declining cost of wind power generation, growing sensitivity toward environmental issues, and support from various governments across the world, through financial incentives support the exponential growth in the wind energy market,
• Global wind power installations increased from 14.86 GW in 2006 to 591 GW in 2018. The overall growth of the number of turbine installations made between 2006-2018 was primarily driven by declining costs due to improved materials and design and favorable government policies for wind power in major wind power countries, such as China, the United States, Germany, the United Kingdom, and India.
• Government policies and targets play a crucial role in wind power development. As countries become increasingly concerned about climate change and the role of renewable energy in curtailing it, wind power, along with other renewable energy types, is expected to have more focus from all the countries, during the upcoming years.

Asia-Pacific to Dominate the Market

• Asia-Pacific renewable energy market majorly consists of 18 countries, with 52% of the world's population, represent 88% of the people living in the region and account for nearly 39% of the global primary energy supply. China and India dominate the region, with 28% of the global energy supply.
• In 2018, the region has dominated the renewable energy market with the highest installed capacity of around 1000 gigawatts and generating more than 2000-terawatt hour of electricity. China is the dominating country within the region, with a majority share in electricity generation from the renewal sources.
• Among all the available renewable technology, hydropower dominates the region with maximum market share. During 2018, hydropower installed capacity exceeds 500 gigawatts, follows by the wind with installed capacity more than 200 gigawatts.
• During 2018, an investment of around USD 288 billion was put into the renewable energy sector, with China as the primary investor, accounting for 32% of the global investment. Investment in solar energy decreased drastically by 54%, while in wind energy investment declined by 6%.

Competitive Landscape

The renewable energy market is fragmented. Some of the key companies in the market include Siemens AG, Vestas Wind Systems A/S, General Electric Company, NextEra Energy Inc., Orsted A/S, Suzlon Energy Limited, Berkshire Hathaway Energy Co., and Avangrid Inc. among others

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Renewable Energy Mix, 2018

4.3 Renewable Energy Installed Capacity Forecast in GW, till 2025

4.4 Recent Trends and Developments

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Source Type

5.1.1 Solar

5.1.2 Wind

5.1.3 Hydro

5.1.4 Bioenergy

5.1.5 Other Renewable Energy Sources

5.2 Geography

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 Siemens AG

6.3.2 Vestas Wind Systems A/S

6.3.3 General Electric Company

6.3.4 NextEra Energy Inc.

6.3.5 Orsted A/S

6.3.6 Suzlon Energy Limited

6.3.7 Berkshire Hathaway Energy Co.

6.3.8 Avangrid Inc.

6.3.9 Electricite de France SA

6.3.10 SEAS-NVE AmBA

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/6cvugm

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") today announced that members of its management team will participate in three upcoming virtual investor conference events during November 2020.

In preparation for these meetings, CorEnergy has created and filed an investor presentation on Form 8-K. The investor presentation will be available online at CorEnergy’s site www.corenergy.reit, clicking on the “Investors” link, and scrolling down to “Featured Presentation.” Investors wishing to meet with management at one of these upcoming conference events should contact their institutional sales representative or email CorEnergy Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it. to request a meeting.

November 17, 2020
Nareit REITworld: Virtual Annual Conference
CorEnergy will participate in one on one and small group meetings throughout the day. The Company will host a company presentation at 2:15 pm Central Time for REITworld participants.

November 18, 2020
2020 RBC Midstream and Energy Infrastructure Virtual Conference
CorEnergy will participate in one on one meetings throughout the day.

November 19, 2020
Sidoti Virtual Microcap Conference 2020
CorEnergy will present a group session at 1:45 pm Eastern Time and participate in one on one meetings throughout the day. A webcast of the presentation will be available at www.corenergy.reit under the “Investors” link.

About CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from customers and operators of our assets, including triple-net participating leases and from long term customer contracts. For more information, please visit corenergy.reit.

Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although CorEnergy believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in CorEnergy’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, CorEnergy does not assume a duty to update any forward-looking statement. In particular, any distribution paid in the future to our stockholders will depend on the actual performance of CorEnergy, its costs of leverage and other operating expenses and will be subject to the approval of CorEnergy’s Board of Directors and compliance with leverage covenants.

Source: CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc.
Investor Relations
Debbie Hagen or Matt Kreps
877-699-CORR (2677)
This email address is being protected from spambots. You need JavaScript enabled to view it.

Scholarships crucial to close the gap on Hispanic students graduating with STEM degrees

WASHINGTON--(BUSINESS WIRE)--LULAC National Educational Service Centers, Inc. (LNESC) is pleased to announce the 2020 ExxonMobil Engineering Scholarship program national recipient, Gisselle Washington of San Antonio, Texas, and 12 local awardees from across LNESC’s program sites. Ms. Washington will receive a four-year $20,000 scholarship to pursue a degree in Mechanical Engineering at Cornell University.

While the attainment gap has narrowed in Hispanic education, Hispanics continue to lag behind their counterparts in obtaining bachelor’s degrees, especially in STEM disciplines. As a possible result of the COVID-19 pandemic, Hispanics have experienced approximately a three percent decline in enrollment rates for the fall 2020-2021 academic year, as compared to the previous year.

Funded by Exxon Mobil Corporation, the scholarship program provides high-achieving Latino high school seniors with opportunities to pursue degrees in engineering at accredited colleges or universities across the country. Selections are based on academic performance, career interests, and potential, as well as leadership and community involvement.

The ExxonMobil Engineering Scholarship, in partnership with LNESC, has shown demonstrated success in preparing students for STEM careers. Ninety-six percent of past recipients have either graduated from a four-year university or are currently enrolled in a college or university.

Ms. Washington shares, “I aspire to become a mechanical engineer to help solve disparities in education for my community. My passion is to develop a mentorship program that will ignite a desire for minority students to pursue STEM education and career fields. The ExxonMobil Engineering Scholarship will help make pursuing my studies at Cornell more financially obtainable and contribute to my goal of innovating technology for improving learning to shape the world.”

Local scholarship recipients will receive a one-time $2,000 scholarship to pursue engineering degrees at U. S. post-secondary institutions. The 2020-2021 ExxonMobil Engineering Scholarship Program recipients are:

Alison Duncan, Texas A&M University – College Station, Engineering; Hometown: Portland, TX
Milan Haruyama, Embry-Riddle Aeronautical University, Computer Science; Hometown: Naples, FL
Adriana Lanza, Northeastern University, Mechanical Engineering; Hometown: Fairless Hills, PA
Grayson Leal, Texas A&M University – College Station, Engineering; Hometown: Robstown, TX
Xavier Lujan-Flores, Arizona State University, Mechanical Engineering; Hometown: Rio Rancho, NM
Dario Martinez-Tamez, University of Texas at Dallas, Mechanical Engineering; Hometown: Murphy, TX
David Montana, Boston University, Mechanical Engineering; Hometown: Miami, FL
Angel Perez, Florida International University, Biomedical Engineering; Hometown: Miami, FL
Jared Ramirez, University of Southern California, Aerospace Engineering; Hometown: The Woodlands, TX
Eloy Sanchez Jr, Columbia University, Biomedical Engineering; Hometown: Houston, TX
Jacqueline Wheeler, University of Texas at Austin, Civil/Environmental Engineering; Hometown: Dallas, TX
John Zuniga, University of Texas at Austin, Architectural Engineering; Hometown: Lake Jackson, TX

“Now more than ever, there is a need for professionals working in the fields of science, technology, engineering, and mathematics skills to address the evolving needs of our global community. The Bureau of Labor Statistics estimates that employment in these industries is projected to grow to more than nine million between 2012 and 2022. This is why it is important for us invest in our youth through education to strengthen and create diversity in the STEM workforce. Through the continued support of ExxonMobil, LNESC is proud to award more than $40,000 annually to Latino students across the LNESC network to purse a degree in engineering,” said Richard Roybal, LNESC Executive Director.

Hispanics are significantly underrepresented in postsecondary education and in professional careers, particularly in the STEM fields. According to the Pew Research Center, STEM-based careers have skyrocketed by 79 percent since 1990, even as other career pathways have stagnated. Alarmingly, Latinas hold only two percent of STEM jobs while Latinos hold only 4 percent, despite the fact that the Hispanic population now represents over 18 percent of the U.S. population. Hispanics make up 16 percent of the American workforce, but only six percent of scientists and engineers, according to the National Science Foundation.

“With COVID-19 introducing even more obstacles to higher education, it is critical that Hispanic students are supported and empowered to pursue their passions for engineering,” said Kevin Murphy, corporate citizenship and community investments manager at ExxonMobil. “The need for STEM professionals continues to grow, and we hope to propel these students into successful future careers through this partnership with LNESC.”

About LULAC National Educational Service Centers, Inc. (LNESC)

LULAC National Educational Service Centers, Inc. (LNESC) was established in 1973 by the League of United Latin American Citizens (LULAC) to provide educational programming to high-need students throughout the U.S. and Puerto Rico. Throughout 16 education and technology centers, LNESC has served over 579,000 students, sent 157,000 students on to college, and awarded nearly $28 million in scholarships. LNESC’s results are made possible by a network of dedicated field staff, top-notch teachers, over 90 school partners, and the support of LULAC - the nation’s largest membership based Latino organization. LNESC works to change lives and build Latino communities, one student at a time. www.lnesc.org

More information about LNESC and its programs can be found at www.LNESC.org.

Marianna Moron
This email address is being protected from spambots. You need JavaScript enabled to view it.

Strong Growth in Sales to Military and Maritime Customers Offsets Pandemic-Related Softness in the Commercial Business; New Products Expected to Benefit 2021 Sales Growth

SOLON, Ohio--(BUSINESS WIRE)--Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable and human-centric lighting technologies, today announced financial results for its third quarter ended September 30, 2020.

Third Quarter 2020 and Subsequent Business Highlights:

• Net sales of $6.0 million, up 104.6% compared to the third quarter of 2019 and up 78.8% sequentially from the second quarter of 2020, reflecting increased penetration in the military market and a shift in the timing of the partial shipment of a certain military contract order from the second quarter to the third quarter of 2020;
• Loss from operations of $1.0 million, compared to a loss from operations of $0.8 million in the third quarter of 2019 and sequentially to a loss from operations of $0.9 million in the second quarter of 2020;
• Net loss of $1.2 million, or $(0.35) per basic and diluted share of common stock, compared to a net loss of $0.9 million, or $(0.38) per basic and diluted share of common stock, in the third quarter of 2019. Sequentially, the net loss improved by $3.2 million compared to a net loss of $4.3 million, or $(1.36) per basic and diluted share of common stock, inclusive of a $3.3 million non-cash adjustment in the fair value of outstanding warrants, in the second quarter of 2020;
• Cash of $2.6 million as of September 30, 2020, compared to $0.4 million as of December 31, 2019;
• Expanded available credit lines in August by completing two debt financing arrangements, which substantially increased the Company’s borrowing capacity and reduced its blended interest expense rate;
• Subsequent to the end of the third quarter of 2020, the Company launched a portfolio of germicidal UV-C disinfection (‘UVCD’) products with advanced, patent-pending technologies designed to inactivate over 99.9% of various pathogens such as influenza and coronavirus, including SARS-Cov-2.

“Our Military and Maritime business continues to demonstrate brisk, year-over-year growth with year-to-date net sales up more than 165% over the first nine months of last year,” stated James Tu, Chairman and CEO of Energy Focus, Inc. “Overall demand remained strong and steady, and we secured significant contracts for our new generation Intellitube products. On the other hand, during the quarter, the COVID-19 pandemic continued to significantly impact facility occupancy and retrofit budgets and activities, as well as timing and reliability of supply chain logistics, resulting in our sales coming in towards the lower end of our expected range.”

Mr. Tu continued, “Despite the myriad of short-term challenges brought on by the pandemic, we are more optimistic than ever in our long-term growth prospects, led by both our EnFocus^TM lighting control platform products, which continued to be well received with initial shipments beginning in the third quarter, as well as our UVCD product lines that we recently introduced in October. With the pandemic still raging across most parts of the world, and elevated and routine disinfection practices expected to become the new normal for buildings and facilities, we believe that our complementary air and surface UVCD products represent some of the most advanced, powerful and affordable disinfection solutions in the market today. We have started to receive positive and enthusiastic feedback from customers, as well as existing and new channel partners, and remain on schedule to start delivering the products in the first quarter of 2021.”

“The UVCD product launches following our EnFocus^TM launch in the second quarter this year, further bolster our position as a recognized leader in the emerging and rapidly growing human-centric lighting and healthy buildings markets,” continued Mr. Tu. “We continue to aggressively expand our agency and distribution network and we are in discussions with multiple significant channel partners to market and distribute our LED lighting and UVCD products that together, address broader needs for buildings and facilities seeking to improve sustainability as well as occupant health and safety.”

Third Quarter 2020 Financial Results:

Net sales were $6.0 million for the third quarter of 2020, compared to $2.9 million in the third quarter of 2019, an increase of 104.6%. Net sales from commercial products were $1.5 million, or 24.4% of total net sales, for the third quarter of 2020, down from $1.7 million, or 59.5% of total net sales, in the third quarter of 2019, reflecting the impact of the COVID-19 pandemic and related customer interruptions and project delays. Net sales from military and maritime products were $4.5 million, or 75.6% of total net sales, for the third quarter of 2020, up from $1.2 million, or 40.5% of total net sales, in the third quarter of 2019. Sequentially, net sales were up 78.8% compared to $3.3 million in the second quarter of 2020, reflecting a shift in the timing of the shipment of a portion of a $3.4 million U.S. Navy order for the Company’s new generation of military Intellitubes. On an aggregate basis, removing the impact related to the timing of this U.S. Navy order, second and third quarter 2020 aggregate revenue was $9.3 million compared to $6.0 million for the second and third quarters of 2019, representing period-over-period growth of 55.1%.

Gross profit was $1.4 million, or 23.1% of net sales, for the third quarter of 2020. This compares with gross profit of $1.0 million, or 35.3% of net sales, in the third quarter of 2019. Sequentially, this compares with gross profit of $1.3 million, or 40.3% of net sales, in the second quarter of 2020. Gross margin for the third quarter of 2020 was positively impacted by favorable price and usage variances for material and labor and changes in inventory reserves. These increases were more than offset by the negative impact from unexpected supply chain challenges related primarily to the Company’s military and maritime products, which negatively impacted gross margin by approximately 4.1% in the third quarter, and resulted in higher outbound freight costs. Adjusted gross margin, as defined under “Non-GAAP Measures” below, was 24.6% for the third quarter of 2020, compared to 23.6% in the third quarter of 2019 and 33.0% in the second quarter of 2020.

Operating loss was $1.0 million for the third quarter of 2020, compared to an operating loss of $0.8 million in the third quarter of 2019. Sequentially, this compares to an operating loss of $0.9 million in the second quarter of 2020. Net loss was $1.2 million, or $(0.35) per basic and diluted share of common stock, for the third quarter of 2020, compared with a net loss of $0.9 million, or $(0.38) per basic and diluted share of common stock, in the third quarter of 2019. Sequentially, this compares with a net loss of $4.3 million or $(1.36) per basic and diluted share of common stock, in the second quarter of 2020, which was inclusive of a $3.3 million non-cash, pre-tax loss resulting from the revaluation of the warrant liability at June 30, 2020.

Adjusted EBITDA, as defined under “Non-GAAP Measures” below, was a loss of $0.9 million for the third quarter of 2020, compared with a loss of $0.8 million in the third quarter of 2019 and a loss of $0.7 million in the second quarter of 2020. The increased EBITDA loss from second quarter of 2020 and third quarter of 2019 was due to a combination of gross margin fluctuation, supply chain challenges and higher operating expenses due to our investment for future growth.

Cash was $2.6 million as of September 30, 2020. This compares with $0.4 million as of December 31, 2019. As of September 30, 2020, the Company had total availability, as defined under “Non-GAAP Measures” below, of $4.9 million, which consisted of $2.6 million of cash and $2.3 million of additional borrowing availability under its credit facilities. This compares to total availability of $1.9 million as of December 31, 2019 and total availability of $3.9 million as of June 30, 2020.

Financings:

On August 11, 2020, the Company entered into two debt financing arrangements. The facilities consist of a two-year inventory financing facility for up to $3 million and a two-year receivables financing facility for up to $2.5 million. These facilities replaced our previous credit facility, substantially increasing the Company’s borrowing capacity and reducing its blended interest expense rate.

Fourth Quarter 2020 Outlook:

While activities for our military and maritime business remain stronger than levels a year ago, and we expect fourth quarter 2020 sales to grow from fourth quarter 2019, we continue to confront significant short-term uncertainties surrounding our commercial business and logistics challenges on select components due to the ongoing pandemic. Therefore, we are suspending our quarterly sales guidance for the time being and will resume outlook forecast as these external factors become more stable and predictable.

Earnings Conference Call:

The Company will host a conference call and webcast today, November 12, 2020, at 11:00 a.m. ET to discuss the third quarter 2020 results, followed by a Q & A session.

You can access the live conference call by dialing the following phone numbers:

• Toll free 1-877-451-6152 or
• International 1-201-389-0879
• Conference ID# 13712403

The conference call will be simultaneously webcast. To listen to the webcast, log onto it at: http://public.viavid.com/index.php?id=142169. The webcast will be available at this link through November 27, 2020. Financial information presented on the call, including this earnings press release, will be available on the investors section of Energy Focus’ website, investors.energyfocus.com.

About Energy Focus:

Energy Focus is an industry-leading innovator of sustainable LED lighting and lighting control technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus^TM lighting control platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, circadian and human-centric lighting capabilities. Our patent-pending UV-C Disinfection technologies and products, announced in October 2020, aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes. Energy Focus’ customers include U.S. and foreign navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 900,000 lighting products across the U.S. Navy fleet, including tubular LEDs, waterline security lights, explosion-proof globes and berth lights, saving more than 5,000,000 gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com.

Forward Looking Statements:

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Generally, these statements can be identified by the use of words such as “believes,” “estimates,” “anticipates,” “expects,” “feels,” “seeks,” “forecasts,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies, capital expenditures and the industry in which we operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Although we base these forward-looking statements on assumptions that we believe are reasonable when made in light of the information currently available to us, we caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this release. We believe that important factors that could cause our actual results to differ materially from forward-looking statements include, but are not limited to: (i) disruptions and a slowing in the U.S. and global economy and business interruptions experienced by us, our customers and our suppliers as a result of the COVID-19 pandemic and related stay-at-home orders, quarantine policies, school attendance restrictions and restrictions on travel, trade and business operations; (ii) our ability to realize the expected novelty, disinfection effectiveness, affordability and estimated delivery timing of our UVCD products and their performance and cost compared to other products; (iii) market acceptance of our LED lighting, control and UVCD technologies and products; (iv) our need for additional financing in the near term to continue our operations; (v) our ability to refinance or extend maturing debt on acceptable terms or at all; (vi) our ability to continue as a going concern for a reasonable period of time; (vii) our ability to implement plans to increase sales and control expenses; (viii) our reliance on a limited number of customers for a significant portion of our revenue, and our ability to maintain or grow such sales levels; (ix) our ability to add new customers to reduce customer concentration; (x) our reliance on a limited number of third-party suppliers and research and development partners, our ability to manage third-party product development and obtain critical components and finished products from such suppliers on acceptable terms and of acceptable quality, and the impact of our fluctuating demand on the stability of such suppliers; (xi) our ability to timely and efficiently transport products from our third-party suppliers to our facility by ocean marine channels; (xii) our ability to increase demand in our targeted markets and to manage sales cycles that are difficult to predict and may span several quarters; (xiii) the timing of large customer orders, significant expenses and fluctuations between demand and capacity as we invest in growth opportunities; (xiv) our ability to compete effectively against companies with lower cost structures or greater resources, or more rapid development efforts, and new competitors in our target markets; (xv) our ability to successfully scale our network of sales representatives, agents, and distributors to match the sales reach of larger, established competitors; (xvi) our ability to attract and retain qualified personnel, and to do so in a timely manner; (xvii) the impact of any type of legal inquiry, claim or dispute; (xviii) general economic conditions in the United States and in other markets in which we operate or secure products; (xix) our dependence on military maritime customers and on the levels and timing of government funding available to such customers, as well as the funding resources of our other customers in the public sector and commercial markets; (xx) the possible impact on our military maritime customers and their ability to honor the timing for existing orders or place future orders due to COVID-19 breakouts amongst personnel that might impact the use of ships in service; (xxi) business interruptions resulting from geopolitical actions, including war and terrorism, natural disasters, including earthquakes, typhoons, floods and fires, or from health epidemics or pandemics or other contagious outbreaks; (xxii) our ability to respond to new lighting technologies and market trends, and fulfill our warranty obligations with safe and reliable products; (xxiii) any delays we may encounter in making new products available or fulfilling customer specifications; (xxiv) any flaws or defects in our products or in the manner in which they are used or installed; (xxv) our ability to protect our intellectual property rights and other confidential information, and manage infringement claims by others; (xxvi) our compliance with government contracting laws and regulations, through both direct and indirect sale channels, as well as other laws, such as those relating to the environment and health and safety; (xxvii) risks inherent in international markets, such as economic and political uncertainty, changing regulatory and tax requirements and currency fluctuations, including tariffs and other potential barriers to international trade; (xxviii)our ability to maintain effective internal controls and otherwise comply with our obligations as a public company; and (xxix) our ability to regain compliance with the continued listing standards of The Nasdaq Stock Market. For additional factors that could cause our actual results to differ materially from the forward-looking statements, please refer to our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.

Investor Contact:
Brett Maas
(646) 526-7331
This email address is being protected from spambots. You need JavaScript enabled to view it.

CEO: ‘We must explore new ways, be open to change, innovate to solve problems and hold ourselves accountable to the promises we make today’

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Recognizing the need to be a champion of change within the global infrastructure market, Black & Veatch announces today that it is strengthening its sustainability vision with new pledges that align with the United Nations’ Sustainable Development Goals (SDGs) and global best practices. The company’s pledges will address a range of environmental and business practices, including carbon neutrality by 2025, water usage, diversity and inclusion, anti-corruption and more.

“Black & Veatch’s Sustainability Pledges reinforce our commitment to the betterment of society and mark a new chapter in our sustainability journey,” said Steve Edwards, Black & Veatch’s CEO. “Our efforts to align more closely with the UN SDGs are driven by a responsibility to operate more sustainably while also recognizing our greatest opportunity to contribute is through the work we do for our clients around the world.”

This year, Black & Veatch signed three United Nations pledges – the Global Compact, the CEO Water Mandate and the Caring for Climate. The company also undertook an in-depth assessment to better understand the topics that are most important to its employee-owners and key external stakeholders – and where the company could have the biggest impact.

Further demonstrating its commitment to sustainability, last week the company announced it is ending its participation in coal-based power design and construction to focus on clean energy technologies and help clients accelerate their path to net zero.

As part of its new strategic plan, these commitments reflect the priorities of Black & Veatch’s employee-owners and clients, underpinning the quest to work relentlessly to solve humanity’s critical infrastructure challenges. The pledges include:

• Managing the company’s carbon footprint and achieving net zero emission for overall greenhouse gas emissions by 2025.
• Gauging the company’s water footprint and helping clients meet their own sustainable water use objectives to address the complexity and local nature of water as a critical resource through Black & Veatch’s operations and work.
• Incorporating sustainability principles into all project execution manuals.
• Continuously improving management systems that enable and support operating ethically and with integrity.
• In the interest of health, safety and security, continuously improving management systems that enable and support safe operations.
• Cultivating and embracing an inclusive, diverse workplace.
• Through its Black & Veatch Foundation and community partnerships, aligning its charitable giving with its mission and core values, and with the UN SDGs.

Black & Veatch is further pledging to innovate in sustainable infrastructure and expand its sustainability services, enabling clients to manage climate risk, decarbonize construction and operations, protect water resources, realize a circular economy and eliminate harmful environmental and societal impacts. The company also will accelerate partnerships with clean technology startups through its Ignite^X program, and work to enable clients to deploy carbon reducing technologies like hydrogen power at scale.

“The engineering and construction industry is ideally positioned to help communities around the world achieve their sustainability goals by embracing technology and innovation, from design through construction and decommissioning,” Edwards said.

To view the Black & Veatch 2020-2023 Sustainability Strategy, please click here.

About Black & Veatch

Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.

JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866-496-9149

DUBLIN--(BUSINESS WIRE)--The "Kenya Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.

This report provides an analysis and forecast of energy carriers in Kenya. The report focuses on the energy generated from all sources in the country, both primary and secondary. It quantifies useful energy available for consumption now (2020) and forecasted to 2050.

Kenya's energy journey from a primary biomass-based country through geothermal, hydro and solar and wind are all analysed in detail and forecasted over the period. Government's Kenya Vision 2030 aspires to transform Kenya from low income status into a middle-income country and a key element to this vision is a lower cost of power reaching more broadly across the population. The Programme for Infrastructure Development in Africa is forecasting an additional 140,000 MW of power over for the East African Power Pool. Kenya's share of this is 13,852 MW of planned peak demand by 2038 or an increase of just over 11,000 MW over this 20-year period.

Kenya is moving towards procuring more of its additional power from wind and solar. In recent years the substantial growth in hydro, wind and solar energy led to a decline in generation from oil, gas and coal sources and electricity imports. The report analyses the expected progress of renewable energy over the forecasted period.

The scope outlook is from 2020 to 2050 integrating all end user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanised population and growing economy.

A global economic outlook and forecast to 2050 is compiled from seven regions which are benchmarked against forecasts from international bodies such as the OECD. The model allows for input by the user who can alter the forecasts to predict different scenarios. The next section deals with the global oil market and specifically with the international oil price. Here again the user may alter the forecasted oil consumption levels in each of the seven regions. The oil price is forecast based on an ordinary least squares econometric model as outlined in the report.

The energy carriers for Kenya are individually analysed. In the case of oil, a virtual refinery is modelled with the base being the forecasted oil price. A refining margin is added and through the exchange rate petrol and diesel pump prices for Kenya is arrived at. The price for petrol is forecast to 2050 as part of the petrol econometric model used together with real household consumption expenditure to arrive at petrol volumes. Diesel volumes are forecast using real Gross Domestic Fixed Investment, the Kenyan Urban Population and Kenya Petrol sales.

Electricity generation is the sum of the electricity produced by wind, solar, hydro, biomass, coal, oil, gas and geothermal energy carriers. In the report all these sources of energy are forecasted using econometric models and other modelling techniques

Key Topics Covered:

• Scope
• Methodology
• Key Findings
• Introduction
• Coronavirus Shock
• World Economic Outlook
• Sectoral Growth of Energy
• 2020 Consumption of Energy
• 2050 Consumption of Energy
• Glossary and References

Companies Mentioned

• Olkaria Geothermal Power Station
• Lake Turkana Wind Power Station
• Garissa Solar Power

For more information about this report visit https://www.researchandmarkets.com/r/66i2i6

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced it will open a new facility in Herten, Germany, which will initially focus on the assembly of fuel cell systems for global transportation leader Alstom’s hydrogen trains.

As a global power leader, Cummins has a strong presence in Europe. Employing more than 6,700 people across Europe, Cummins’ European footprint includes seven manufacturing sites, 20 distribution sites and more than 300 dealers. The company already has alternative power facilities located in the United Kingdom, Belgium and Germany, and the location in Herten will enable Cummins, through its Hydrogenics Business, to produce a high volume of fuel cell systems for customers, further strengthening its commitment to hydrogen technologies in Europe.

“The choice to open this new fuel cell systems site in Germany is a testament to Cummins’ commitment to accelerate our hydrogen capabilities. This facility will better position us to provide critical support to customers in Europe and strategically strengthen our position to be a leader in shaping tomorrow’s hydrogen economy,” said Amy Davis, President of New Power at Cummins. Cummins also owns a facility in Oevel, Belgium, responsible for the assembly and integration of both PEM and alkaline electrolyzers.

With capacity of 10 megawatts per year, the Herten facility will manufacture one megawatt of fuel cell systems a month for Alstom’s hydrogen-powered trains, called the Coradia iLint, as well as provide aftermarket support. Each fuel cell system will include six power modules (fuel cell stacks), a cooling system, piping, air blowers and air filters. Power modules take air from outside and hydrogen from the hydrogen storage tank to produce power.

The new facility will include space for both manufacturing and research and development, with plans to expand in the future to support fuel cell stack refurbishment. Four testing stations will supplement existing global fuel cell and hydrogen production research and development capabilities.

Located on the site of an old mine, the facility is part of a state-of-the-art hydrogen park. The City of Herten, the site’s landlord is thrilled to see the park come to life.

“To have a global player like Cummins join our park is fantastic,” said Matthias Mueller, Mayor of Herten. “We are focused on innovation and the clean future of transport and are glad that Cummins also will be working to achieve this goal.”

In September 2019, Cummins acquired the Hydrogenics Corporation, which provided Cummins with both PEM, alkaline fuel cells, and electrolyzers used to generate hydrogen. Today, Cummins fuel cell and hydrogen technologies power a variety of applications and installations across Europe, including delivery trucks, refuse trucks, trains and one of Europe’s most advanced hydrogen production facilities.

Anticipated to open in July 2021, the facility will create new jobs in Herten in the clean technology sector. These new roles will join Cummins team of engineers located across four continents dedicated to innovating the company’s alternative power technology.

About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

Jon Mills
Cummins Inc.
317-658-4540
This email address is being protected from spambots. You need JavaScript enabled to view it.

Backlog Increased to Company Record $56 Million

SOUTH BURLINGTON, Vt.--(BUSINESS WIRE)--The Peck Company Holdings, Inc. (NASDAQ: PECK) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, today announced the Company’s financial results for the third quarter ended September 30, 2020 (“Q3 2020”).

Key Highlights for Q3 2020

• Backlog increased to $56 million, from $16 million a year earlier
• Awarded $7.256 million contract for 5.3MW project in Rhode Island
• Awarded $2.365 million contract for 6.8MW project in Maine
• Awarded $7.641 million portfolio for 10.5MW of projects in Vermont
• Announced proposed acquisition of Sunworks
• Recognized as a top solar contractor for 2020, presented by Solar Power World

Management Commentary
The Peck Company Holdings Chairman of the Board and Chief Executive Officer, Jeffrey Peck, commented, “While we did resume and commence all projects previously impacted by the COVID-19 pandemic, Vermont’s State of Emergency was extended to November 15, 2020 resulting in more unpredictability. We continue to provide service and maintenance in support of critical infrastructure including utilities and telecommunications.”

Mr. Peck, continued, “With no projects cancelled, but many pushed out, our backlog has swelled to $56 million. Our record demand includes projects in our home state of Vermont as well as our regional expansion into Maine and Rhode Island. Our first project in Rhode Island is a milestone we are very excited about in helping with their renewable energy goals. We look forward to our continued expansion into Rhode Island, Maine, other states in the northeast and coast to coast. We expect to realize nearly all of the backlog within the next 12 months and anticipate that revenue growth will return and accelerate as we return to some normalcy post the COVID-19 pandemic.”

Mr. Peck, concluded, “Our previously announced proposed acquisition of Sunworks remains on track to close by the end of the year. We are excited for the potential of the two companies becoming one in creating an industry leading solar EPC with a national presence.”

Financial Results for the Three Months Ended September 30, 2020
Revenue for the three months ended September 30, 2020 was $5.0 million, a decrease of $6.8 million, or 58%, compared to $11.7 million for the three months ended September 30, 2019. Due to the State of Emergency declared by the State of Vermont, the Company was unable to complete or begin several projects due to the current COVID-19 pandemic.

Backlog at September 30, 2020 was $56 million, compared to the corresponding period in 2019 of $16 million. The Company expects to realize nearly all of the backlog within the next 12 months.

Gross profit for the three months ended September 30, 2020 was $0.2 million, a decrease of $1.2 million, or 84%, compared to $1.4 million for the three months ended September 30, 2019. The resulting gross margin was 4.8% for the three months ended September 30, 2020, compared to 12.3% for the three months ended September 30, 2019. Lower gross margin for the three months ended September 30, 2020 was the result of maintaining our labor force during the uncertainty of the COVID-19 pandemic. The Company was able to secure a loan through the CARES Act Payroll Protection Program to support our workforce.

General and administrative expenses for the three months ended September 30, 2020 were $0.7 million, a decrease of $0.3 million, or 27%, compared to $1.0 million for the three months ended September 30, 2019. G&A expense decreased primarily due to tighter internal controls implemented over expense management. In addition, the utilization of remote work capabilities reduced expenditures related to facility usage, compared to the three months ended September 30, 2019.

Warehousing and other operating expenses for the three months ended September 30, 2020 were $0.2 million, a decrease of $0.1 million, or 39%, compared to $0.3 million for the three months ended September 30, 2019. Warehousing and other operating expenses include Company-owned solar array depreciation and salaries associated with Company-owned solar arrays, general warehousing costs, project-related travel and performance related expenses.

Operating loss for the three months ended September 30, 2020 was $0.7 million, compared to an operating income of $0.2 million for the three months ended September 30, 2019. The decrease in operating income was the result of a lack of revenue generated from operations due to the uncertainty of the COVID-19 pandemic and the Stay at Home orders issued in the State of Vermont.

Depreciation expenses for the three months ended September 30, 2020 were $0.1 million, compared to $0.2 million for the three months ended September 30, 2019. Depreciation expenses were stable when compared to the three months ended September 30, 2019 as the Company has not had significant capital expenditures for the three months ended September 30, 2020.

Income tax benefit for the three months ended September 30, 2020 was $0.2 million compared to the income tax provision for the three months ended September 30, 2019 of $0.5 million.

Net loss for the three months ended September 30, 2020 was $0.5 million, compared to a net income of $0.8 million for the there months ended September 30, 2019. The net loss was the result of a lack of revenue generated from operations due to the uncertainty of the COVID-19 pandemic and the State of Emergency declared by the State of Vermont. The resulting earnings per share (EPS) for the three months ended September 30, 2020 was a loss of ($0.13) per diluted share, compared to a profit of $0.01 for the three months ended September 30, 2019.

Adjusted EBITDA for the three months ended September 30, 2020 was a loss of $0.5 million, compared to income of $0.4 million for the three months ended September 30, 2019.

Adjusted EPS for the three months ended September 30, 2020 was a loss of ($0.10), compared to a profit of $0.08 for the three months ended September 30, 2019.

Financial Results for the Nine Months Ended September 30, 2020
Revenue for the nine months ended September 30, 2020 was $11.7 million, a decrease of $10.2 million, or 46%, compared to $21.9 million for the nine months ended September 30, 2019.

Gross profit for the nine months ended September 30, 2020 was $0.6 million, a decrease of $3.4 million, or 86%, compared to $4.0 million for the nine months ended September 30, 2019. The resulting gross margin was 4.8% for the six months ended September 30, 2020, compared to 18.4% for the nine months ended September 30, 2019.

General and administrative expenses for the nine months ended September 30, 2020 were $2.2 million, an increase of $0.2 million, or 11%, compared to $2.0 million for the nine months ended September 30, 2019.

Warehousing and other operating expenses for the nine months ended September 30, 2020 were $0.6 million, a decrease of $0.4 million, or 46%, compared to $1.0 million for the nine months ended September 30, 2019.

Operating loss for the nine months ended September 30, 2020 was $2.2 million, compared to an operating income of $1.0 million for the nine months ended September 30, 2019.

Depreciation expenses for the nine months ended September 30, 2020 were $0.4 million, compared to $0.5 million for the nine months ended September 30, 2019.

Income tax benefit for the nine months ended September 30, 2020 was $0.6 million compared to the income tax provision for the nine months ended September 30, 2019 of $1.6 million.

Net loss for the nine months ended September 30, 2020 was $1.8 million, compared to a net loss of $0.7 million for the nine months ended September 30, 2019. The resulting earnings per share (EPS) for the nine months ended September 30, 2020 was a loss of ($0.37) per diluted share, compared to a loss of ($0.17) for the nine months ended September 30, 2019.

Adjusted EBITDA for the nine months ended September 30, 2020 was a loss of $1.7 million, compared to income of $1.7 million for the nine months ended September 30, 2019.

Adjusted EPS for the nine months ended September 30, 2020 was a loss of ($0.33), compared to a profit of $0.42 for the nine months ended September 30, 2019.

The reconciliations of EBITDA, Adjusted EBITDA to net (loss) income, the most directly comparable financial measure calculated and presented in accordance with GAAP, are shown in the table below:

Certain Non-GAAP Measures
We periodically review the following key non-GAAP measures to evaluate our business and trends, measure our performance, prepare financial projections and make strategic decisions.

EBITDA, Adjusted EBITDA and Earnout Adjusted EBITDA

Included in this presentation are discussions and reconciliations of earnings before interest, income tax and depreciation and amortization (“EBITDA”) and EBITDA adjusted for certain non-cash, non-recurring or non-core expenses (“Adjusted EBITDA”) to net income in accordance with GAAP. Adjusted EBITDA excludes certain non-cash and other expenses, certain legal services costs, professional and consulting fees and expenses, and one-time business combination expenses and certain adjustments. We believe that these non-GAAP measures illustrate the underlying financial and business trends relating to our results of operations and comparability between current and prior periods. We also use these non-GAAP measures to establish and monitor operational goals.

These non-GAAP measures are not in accordance with, or an alternative to, GAAP and should be considered in addition to, and not as a substitute or superior to, the other measures of financial performance prepared in accordance with GAAP. Using only the non-GAAP financial measures, particularly Adjusted EBITDA, to analyze our performance would have material limitations because such calculations are based on a subjective determination regarding the nature and classification of events and circumstances that investors may find significant. We compensate for these limitations by presenting both the GAAP and non-GAAP measures of our operating results. Although other companies may report measures entitled “Adjusted EBITDA” or similar in nature, numerous methods may exist for calculating a company’s Adjusted EBITDA or similar measures. As a result, the methods that we use to calculate Adjusted EBITDA may differ from the methods used by other companies to calculate their non-GAAP measures.

About The Peck Company Holdings, Inc.
Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 125 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed transaction with Sunworks or otherwise. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Additional Information and Where to Find It

In connection with the proposed transaction with Sunworks, on October 1, 2020, we filed with the SEC a registration statement on Form S-4 (Registration No. 333-249183) (the “Registration Statement”), which included a document that serves as a prospectus of Peck and a joint proxy statement of Sunworks and Peck (the “Joint Proxy Statement”). These materials have not yet been declared effective, are not yet final and may be amended. After the Registration Statement has been declared effective by the SEC, the Joint Proxy Statement will be delivered to stockholders of Sunworks and Peck. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SECURITY HOLDERS OF SUNWORKS AND PECK ARE URGED TO READ THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE PROPOSED TRANSACTION FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Free copies of the Joint Proxy Statement, as well as other filings containing information about Peck and Sunworks, may be obtained at the SEC’s website, www.sec.gov, when they are filed. Stockholders and investors will also be able to obtain these documents, when they are filed, free of charge, by directing a request to The Peck Company Holdings, Inc., 4050 Williston Road, #511 South Burlington, Vermont 05403, Attention: Corporate Secretary, or by calling (802) 658-3378, or to Sunworks, Inc., 1030 Winding Creek Road, Suite 100, Roseville CA 95678, Attention: Corporate Secretary, or by calling (916) 409-6900, or by accessing Peck’s website at www.peckcompany.com under the “Company – Investors” tab or by accessing the Sunworks’ website at www.sunworksusa.com under the “Investor Relations” tab.

Participants in the Solicitation

Peck, and its respective directors, and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of Peck in connection with the proposed transaction. Information about Peck’s directors and executive officers is available in its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on April 14, 2020. Information regarding all of the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the Joint Proxy Statement regarding the proposed transaction and other relevant materials to be filed with the SEC when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.

Michael d’Amato
This email address is being protected from spambots. You need JavaScript enabled to view it.
p802-264-2040

ClearThink
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Ship Loader and Unloader - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 7th edition of this report. The 180-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Ship Loader and Unloader Market to Reach $61 Billion by 2027

Amid the COVID-19 crisis, the global market for Ship Loader and Unloader estimated at US$53.8 Billion in the year 2020, is projected to reach a revised size of US$61 Billion by 2027, growing at a CAGR of 1.8% over the period 2020-2027.

Dry, one of the segments analyzed in the report, is projected to record 1.9% CAGR and reach US$43.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid segment is readjusted to a revised 1.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $14.6 Billion, While China is Forecast to Grow at 3.6% CAGR

The Ship Loader and Unloader market in the U.S. is estimated at US$14.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$11.8 Billion by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.3% and 1.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.

Competitors identified in this market include, among others:

• AMECO SAS
• AUMUND Fordertechnik GmbH
• Buhler AG
• EMS-Tech Inc.
• FLSmidth & Co A/S
• NEUERO Industrietechnik fur Forderanlagen GmbH
• Sandvik AB
• Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
• SMB Group Inc.
• Vigan Engineering SA
• Xinapse Systems Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Ship Loader and Unloader Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/pk7d66

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Initial agreements enable Redwood Coast Energy Authority and Valley Clean Energy to tap into statewide market for flexible, distributed energy capacity to meet electricity demand in their service territories

SAN FRANCISCO--(BUSINESS WIRE)--Leap, provider of a universal distributed energy marketplace, today announced it has signed Resource Adequacy (RA) Agreements to provide a total of 12.5 MW in flexible capacity to two Community Choice Aggregators (CCA), Redwood Coast Energy Authority (RCEA) and Valley Clean Energy (VCE). The new capacity will be made available for use by these CCAs starting June 2021 over a ten year term and will be sourced from Leap’s marketplace for grid flexibility.

The new agreements with Leap allow the CCAs to unlock a new means of meeting energy demand in their service territories by gaining access to a statewide market of distributed energy resources (DER). This includes delivering flexible capacity from within the CCAs’ service territories, as some of the resources in the Leap marketplace will be provided by RCEA and VCE customers.

Leap has been the largest participant in California’s DR Auction Mechanism (DRAM) over the past two years, and working with CCAs provides a significant expansion opportunity. Leap’s marketplace allows technology partners to deliver clean, flexible grid capacity and energy from their residential HVAC systems, battery energy storage, and commercial, industrial, and agricultural solutions. The addition of these resources allows RCEA and VCE to support California grid resiliency while sourcing capacity from their own customers, as well as zero-carbon, local, customer-based resources statewide.

Leap’s expansion to providing CCAs with RA capacity also complements California’s push to increase its incremental grid resources in the face of sustained energy demand challenges, which have been exacerbated by a summer that triggered the state’s first calls for Level 3 emergency rolling blackouts in almost 20 years.

“CCAs are an integral part of California’s transition to a cleaner and more responsive grid, and we’re proud to be working with these two organizations to unlock the value of the state’s growing suite of distributed energy resources,” said Thomas Folker, Leap's co-founder and CEO. “This is also an important proof point for meeting California’s immediate need for more flexible capacity, especially in light of the intensifying heatwaves and energy demand that we saw here this summer.”

“We’re thrilled to be partnering with a solution provider that aligns with our vision of leveraging clean, local distributed resources to bolster grid reliability,” said Matthew Marshall of RCEA. “The new capacity added by Leap will be critical to mitigating peak demand over summers moving forward.”

“Leap’s platform is an ideal fit for ensuring a cleaner, more reliable grid for our customers,” said Don Saylor, Chair of the Board of Valley Clean Energy. “Now more than ever, it’s critical we implement solutions like Leap’s for transitioning to a cleaner, more resilient grid that utilizes all of its assets.”

About Redwood Coast Energy Authority

The Redwood Coast Energy Authority is a local government joint powers agency whose members include the County of Humboldt, all incorporated cities within the county, and the Humboldt Bay Municipal Water District. RCEA's purpose is to develop and implement sustainable energy initiatives that reduce energy demand, increase energy efficiency, and advance the use of clean, efficient, and renewable resources available in the region.

About Valley Clean Energy

Valley Clean Energy is a not-for-profit public agency formed to provide electrical generation service to customers in Woodland, Davis, Winters and the unincorporated areas of Yolo County. Its mission is to source cost-competitive clean electricity while providing product choice, price stability, energy efficiency, greenhouse gas emission reductions and reinvestment in the communities it serves.

About Leap

Leap enables real-time automated trading on energy markets. Leap’s marketplace for grid flexibility grants energy resources — including battery energy storage, electric vehicles, smart thermostats, HVAC systems and industrial facilities — access to global demand response programs, wholesale markets, and real-time pricing through a single API.

Leap’s open, hardware-agnostic platform turns the operators of energy resources of any size and type into autonomous smart energy traders, providing revenue to participants while unlocking the benefits of a truly resilient and transactive grid. Leap is a privately held company with offices in San Francisco and the Netherlands.

Isaac Steinmetz
Antenna Group for Leap
This email address is being protected from spambots. You need JavaScript enabled to view it.
(646) 883-3655

LONDON--(BUSINESS WIRE)--#GlobalPortsandTerminalOperationsMarket--Technavio has been monitoring the ports and terminal operations market, operating under the industrials sector. The latest report on ports and terminal operations market, 2020-2024 estimates it to register an incremental growth of by USD 4.64 bn, at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. APM Terminals, China Merchants Port Holdings Co.Ltd., COSCO SHIPPING LINES Co. Ltd., DP World, EUROKAI GmbH & Co. KGaA, Hutchison Port Holdings Trust, International Container Terminal Services Inc. (ICTSI), Ports America Inc., PSA International Pte. Ltd., and SAAM are among some of the major market participants.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

The growth of containerization has been instrumental in driving the growth of the market. However, managing congestion risk, greater operational complexity, and liner industry consolidation might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Ports and Terminal Operations Market 2020-2024: Segmentation

Ports and Terminal Operations Market is segmented as below:

Based on geographic segmentation, over 66% of the market’s growth originated from the APAC region during the forecast period. In addition, stevedoring dominated the growth under the service segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the ports and terminal operations market size.

• Service
  • Stevedoring
  • Cargo And Handling Transportation
  • Others
• Geographic
  • APAC
  • Europe
  • North America
  • MEA
  • South America

Ports and Terminal Operations Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ports and terminal operations market report covers the following areas:

• Ports and Terminal Operations Market Size
• Ports and Terminal Operations Market Trends
• Ports and Terminal Operations Market Industry Analysis

This study identifies the automation of port operations as one of the prime reasons driving the ports and terminal operations market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Ports and Terminal Operations Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist ports and terminal operations market growth during the next five years
• Estimation of the ports and terminal operations market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the ports and terminal operations market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ports and terminal operations market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Service

• Market segments
• Comparison by Service
• Stevedoring - Market size and forecast 2019-2024
• Cargo and handling transportation - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Service

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• APM Terminals
• China Merchants Port Holdings Co. Ltd.
• COSCO SHIPPING LINES Co. Ltd.
• DP World
• EUROKAI GmbH & Co. KGaA
• Hutchison Port Holdings Trust
• International Container Terminal Services Inc. (ICTSI)
• Ports America Inc.
• PSA International Pte. Ltd.
• SAAM

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

Unveils New Name for the Premier Customer and Partner-Focused Conference

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that its flagship event, Itron Utility Week (IUW), concluded with record registration of more than 1,500 registrants from across the globe, representing 375 utilities and more than 70 cities. Held virtually Oct. 27-29 with the theme of Empowering Innovation, the event brought together customers, partners and influencers to search for new ways to solve problems, improve operations, and redefine the utility and smart city landscape.

Marking Itron’s 38th year of hosting an annual customer-focused event, IUW 2020 provided attendees with access to live and on demand content, which can be accessed through the month of November by visiting www.itron.com/iuw. IUW also celebrated the achievements of the industry and driving excellence in innovation through two award programs. Frost & Sullivan named CPS Energy and BRK Ambiental as the recipients of the fifth annual Excellence in Resourcefulness Awards and Itron named Western Power as the winner of the second annual Itron Innovator Award.

At the conclusion of the event, Marina Donovan, vice president of global marketing and public affairs at Itron, unveiled a new name for IUW: Itron Inspire. This name change reflects the continued evolution both within the industry and in the conference itself with a steadily-growing number of attendees who represent cities, municipalities, co-ops, government entities, partners, technology companies and more—not just utilities.

“As we move forward, we want to make sure that our conference is focused on exploring the possibilities for a better connected, sustainable and resourceful future,” said Donovan. “We want attendees to leave our event feeling inspired and hopeful about what the future holds for our industry.”

Itron Inspire will be held in Palm Desert, California from Oct. 1-8, 2021.

“Our first virtual event focused on empowering innovation, a timely topic for our industry,” continued Donovan. “Through innovation, we can completely redefine the future of utilities and cities to ensure safe, more sustainable and resilient infrastructure. We are looking forward to gathering again next year under our new name, Itron Inspire, with a broader focus on how we, collectively, can leverage technology and services to drive business transformation, enhance customer engagement and unlock innovation.”

To access IUW 2020 session recordings, visit www.itron.com/iuw and select “Register.”

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
This email address is being protected from spambots. You need JavaScript enabled to view it.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Advent Technologies, an innovation-driven company in the fuel cell and hydrogen technology space, today announced the appointment of Katherine E. Fleming as a new Member of its Board of Directors, in the context of its planned merger with AMCI Acquisition Corp (NASDAQ: AMCI) and the upcoming Nasdaq listing. Advent has recently announced a definitive agreement to merge with AMCI Acquisition Corp. (NASDAQ: AMCI) and become listed on the Nasdaq exchange. Dr. Fleming will join Advent’s board of Advisors immediately, and the board of directors appointment will commence upon the closing of the transaction.

Katherine E. Fleming has over fifteen years’ experience in Higher Education leadership and has been the Provost of New York University (NYU) since 2016, with responsibility for allocating financial resources and setting strategic priorities, and with oversight of all Deans and Directors. From 2007-2011 she directed the Institut Remarque at the Ecole Normale Superieure in Paris, and from 2012-2016 she served as the President of the Board of the University of Piraeus (Greece). A historian by training, she earned a BA from Barnard College of Columbia University, an MA from the University of Chicago, and a Ph.D. from the University of California, Berkeley. She was granted honorary Greek citizenship by the Hellenic Republic in 2015, and in 2019 was named by France to the Legion d’Honneur.

Dr. Vasilis Gregoriou, Advent’s Founder and Chief Executive Officer, commented: “We are excited to welcome Katherine E. Fleming to our Board of Directors. Her experience in academia, financial and strategic planning will be a great addition to the Advent Board while strengthening our company’s relationship with academia worldwide to promote clean energy research.”

Advent Technologies has been the recipient of many grants in the USA and Europe with the aim of advancing electrochemistry applications and materials for clean energy applications. The company has recently announced its collaboration with Los Alamos National Labs, University of Texas at Austin (UT Austin), Rensselaer Polytechnic Institute (RPI), University of New Mexico, and Toyota Motor North America R&D (TMNA R&D) for next-generation fuel cell technology for the automotive industry. In addition, the company has recently received grants for joint development of new materials with Northeastern University, Cambridge University, Imperial College, Eindhoven Un., CNRS Un. Of Rennes, and Un. of Geneva, among others.

About Advent Technologies

Advent Technologies is an innovation-driven company in the fuel cell and hydrogen technology space. Our vision is to accelerate electrification through advanced materials, components, and next-generation fuel cell technology. Our technology applies to electrification (fuel cells) and energy storage (flow batteries, hydrogen production) markets, which we commercialize through partnerships with Tier1s, OEMs, and System Integrators. For more information on Advent Technologies, please visit the Company’s website at https://www.advent.energy/

Media
Sloane & Company
Dan Zacchei / Joe Germani
This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Leadership Quadrant and Strategic Positioning of Dimethyl Ether Suppliers" report has been added to ResearchAndMarkets.com's offering.

Dimethyl ether is used for a variety of applications, such as aerosol propellant, LPG blending, and transportation fuel and is forecast to grow at a CAGR of 16%.

The dimethyl ether manufacture landscape is diverse and continually evolving. Major players in dimethyl ether market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the dimethyl ether market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.

Over the years, the level of demand for dimethyl ether has increased due to rising trends for LPG blending for domestic cooking application. The major growth drivers for this market are the increasing use of dimethyl ether in LPG blending, multiple raw material alternatives in a wide range of applications, and growing environmental concern.

This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, eight companies such as Akzo Nobel N.V., China Energy Limited, The Chemours Company, Mitsubishi Corporation, Royal Dutch Shell PLC, Ferrostaal GmbH, Grillo Werke AG, and Jiutai Energy Group were analyzed and profiled because they are the top revenue producers for dimethyl ether.

The eight profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics.

Key Topics Covered:

1. Leadership Analysis

1.1: Market Description

1.2: Scoring Criteria

1.3: Leadership Quadrant Analysis

1.3.1: Leaders (Top Right)

1.3.2: Contenders (Bottom Right)

1.3.3: Visionaries (Top Left)

1.3.4: Specialists (Lower Left)

2. Competitive Benchmarking

2.1: Product Portfolio Analysis

2.2: Financial Strength

2.3: Market Share Analysis

2.3.1: Market Share in Various Segments

2.3.2: Market Share in Various Regions

3. Akzo Nobel N.V. Profile

3.1: Company Overview

3.1.1: Akzo Nobel N.V. Company Description and Business Segments

3.1.2: Akzo Nobel N.V. Company Statistics

3.2: Dimethyl Ether Business Overview

3.2.1: Dimethyl Ether Business Segment

3.2.2: Global Dimethyl Ether Operations

3.2.3: Key Differentiators and Strengths

3.3: Products and Product Positioning

3.3.1: Product Line Overview

3.3.2: Dimethyl Ether Product Mapping

3.3.3: Product Positioning in Market Segments

3.4: Markets and Market Positioning

3.4.1: Market Position in Global Dimethyl Ether Business

3.5: Revenue Breakdown by Market Segments

3.6: Revenue Breakdown by Regions

3.7: Production

3.7.1: Global Manufacturing Operations

3.8: Innovation and Market Leadership

3.9: Marketing, Sales, and Organizational Capabilities

3.9.1: Marketing and Sales

3.9.2: Management Commitment and Track Record

3.10: Financial Strength

4. China Energy Limited Profile

5. The Chemours Company Profile

6. Mitsubishi Corporation Profile

7. Royal Dutch Shell PLC Profile

8. Ferrostaal GmbH Profile

9. Grillo Werke AG Profile

10. Jiutai Energy Group Profile

For more information about this report visit https://www.researchandmarkets.com/r/xwpxz6

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

System Designed to Island the Facility During a Power Outage

SAN DIEGO & CARNEROS, Calif.--(BUSINESS WIRE)--EDF Renewables North America was chosen by the award-winning sparkling wine company, Domaine Carneros, to design, build, and operate a resilient solar photovoltaics (PV) and battery energy storage microgrid solution. The system supports Domaine Carneros’ long-term financial and sustainability goals and is designed to island the entire facility during a power outage.

The 250-kilowatt (kW) solar PV system will be a combination of carport and ground-mount installations integrated with a 280 kW / 540-kilowatt hour (kWh) onsite behind-the-meter (BTM) battery storage solution. Along with its integrated smart electrical infrastructure and sophisticated controls, the microgrid system will allow the solar and storage to power the facility and maintain 100% of its operations during a power outage, reducing diesel fuel consumption and greenhouse gas emissions as well as extend fuel reserves up to an entire week.

Wildfires, rolling blackouts, and PG&E’s Public Safety Power Shutoffs, have made power unreliable throughout California, putting products and business operations at risk. Domaine Carneros is one of the first in the region to implement a microgrid solution that demonstrates a sophisticated approach of leveraging all available onsite assets to improve resilience and sustainability while also reducing costs during grid connected and power outage operations. The resilient solution is part of a portfolio of microgrid projects that EDF Renewables is deploying with public and private entities throughout California.

Raphael Declercq, EVP, Distributed Solutions & Strategy at EDF Renewables commented, “We are pleased to provide Domaine Carneros with security of energy supply in these times of uncertainty due to increased wildfire risk. The power shut offs and California’s rolling blackouts are emblematic of trends in prolonged power outages occurring in the wake of extreme weather events. Clean Microgrids represent the next step in solar and storage solutions reducing GHG emissions and supporting businesses during both grid connected and power outage operations.”

“Domaine Carneros is excited to embark on this project with EDF Renewables that will build upon our robust sustainability program and existing solar energy array,” said Remi Cohen, CEO of Domaine Carneros. “As estate vineyard owners, we realize the responsibility of operating in an environmentally conscientious fashion. This installation is the next step in a 33-year history of stewardship and leadership in sustainability initiatives.”

The solar portion of the project will reduce the facility’s utility provider energy cost, while the battery system optimizes operations by allowing the facility to draw from the stored energy during the utility’s expensive evening on-peak period. The energy storage system will also reduce utility costs by discharging the battery to mitigate spikes in usage thereby lowering demand charges. Meanwhile the microgrid system will reduce Domaine Carneros diesel fuel costs and avoid renting expensive backup generators for fire seasons. The system is projected to offset 624 metric tons of carbon each year.

EDF Renewables Distributed Solutions is a part of EDF Renewables North America, a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Distributed Solutions group offers on-site clean energy for office buildings, load serving entities, corporates and industrials. The company delivers solar, storage and electric vehicle charging stations as separate products or combined as a full microgrid offering.

EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.

About Domaine Carneros

Founded in 1987, Domaine Carneros reflects the hallmark of its founder, Champagne Taittinger, in creating a vision of terroir-driven sparkling wine and preserving the quality tenets of the traditional method production. Located entirely within the Carneros AVA, between Napa and Sonoma counties, the six estate vineyards total approximately 400 acres with 125 acres planted to Chardonnay, 225 acres planted to Pinot Noir, with the remaining acres currently in development. The winery focuses on making ultra-premium Carneros sparkling wines largely estate grown and limited production Pinot Noirs.

Domaine Carneros' château has become a landmark and symbol of the region. The architecture and interior design were inspired by the 18^th century Château de la Marquetterie, the historic Taittinger family residence in the Champagne region.

The winery also places a high value on preserving the environment and has taken on a vast array of environmental efforts. The roof of the pinot noir winery adjacent to the château hosts a solar array that was the largest on any winery in the world when it was installed and continues to be expanded. The most recent award, one of many from Federal, State and local government; was the California Green Medal for Domaine Carneros’ demonstration of “Smart Business through efficiencies, cost savings and innovation from implementing sustainable practices.”

EDF Renewables Contact:
Sandi Briner, +1 858-521-3525
This email address is being protected from spambots. You need JavaScript enabled to view it.

Domaine Carneros Contact:
Kimberly Noelle Charles, Charles Communications Associates
+1 415-701-WINE (9463)
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Ball Valve Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The Ball Valve Market was valued at USD 11.68 billion in 2019 and is expected to reach USD 13.93 billion by 2025, registering a CAGR of 3% during the forecast period (2020 - 2025).

A global increase in the demand for oil and gas is expected to be one of the major factors contributing to the ball valve market growth.

Also, factors such as increasing population, scarcity of freshwater resources, and a wide presence of salinized water in comparison to freshwater are increasing the demand for desalination and wastewater treatment plants.

The deployment of the ball valve for the treatment of both domestic wastewater management and industrial wastewater management can further boost the growth of the market.

From the regional perspective, the United States is expected to experience substantial growth in oil and gas activity due to growing production from the Permian basin of Texas and the Gulf of Mexico. Also, emerging countries, like India, have witnessed a growth in oil consumption.

Further, the growth in energy consumption, rapid urbanization and industrialization, and increasing smart initiatives across the globe are certain factors stimulating market growth.

Key Market Trends

Food Processing Industry Expected to Have Significant Applications

The food processing industry is one of the major applications for ball valves, as operations like product fillings need to maintain a regulated flow throughout the process.

• The balls valves in the industry include both valves that come directly in contact with the material, and those are used in utility services, like water and steam. In both cases, valves need to be designed to meet several industry regulations, especially the ones in direct contact with the food material. This poses significant challenges for manufacturers to gain regulatory approvals.
• Increasing government spending to enhance the existing food processing infrastructure, to achieve self-sufficiency goals, is expected to provide better growth opportunities to the market. For instance, in 2018, the Indian government set up a dedicated dairy processing infra fund, National Bank for Agriculture and Rural Development (NABARD), which was expected to achieve an investment of INR 100 billion in the dairy sector by 2020.

Asia-Pacific Expected to Dominate the Market

Asia-Pacific's established electronics industry and adoption of innovative technologies have provided the organizations in the region a competitive edge in the market. Moreover, the region has the presence of several major ball valve vendors, such as Kitz Corporation (Japan) and Astech Valve Co. Ltd (Taiwan), among others.

• Increasing urbanization and rapid industrialization in emerging economies, such as China and South Korea, are driving the demand for the ball valve market in the region. Energy infrastructure investments are flourishing in Asia-Pacific with the rising demand for electricity due to the burgeoning population, and the government pushes for better product quality and power reliability, which are also driving the industry growth. In July 2018, NLC India planned to increase its power generation capacity, which is projected to raise the usage of the ball valve.
• Furthermore, chemical companies are investing in expanding their facilities in the Asia-Pacific region, owing to low-cost labor, which, in turn, boosts the growth prospects of the ball valve market. For instance, in July 2018, BASF signed a MoU to launch its production plant in China, which is expected to be fully-owned by the company.

Competitive Landscape

The ball valve market consists of several players, with no group of players currently holding a major share in the market. The companies are engaging in mergers and acquisitions to increase their expertise in the product. The market is being viewed as a lucrative investment opportunity due to the wide consumer base. With a huge number of new market entrants, the market is moving towards fragmentation.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growing Industrialization in Various Countries

4.2.2 Growing Demand for Process Safety

4.3 Market Restraints

4.4 Industry Attractiveness - Porter's Five Force Analysis

4.5 Industry Value Chain Analysis

4.6 Assessment of Impact of Covid-19 on the Market

5 MARKET SEGMENTATION

5.1 By Material (Qualitative trends - Global)

5.1.1 Cast Iron

5.1.2 Steel

5.1.3 Alloy Based

5.1.4 Other Materials

5.2 By End-user Industry

5.2.1 Food Processing

5.2.2 Oil and Gas

5.2.3 Energy and Power

5.2.4 Industrial Gases

5.2.5 Other End-user Industries

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 ALFA LAVAL

6.1.2 CIRCOR International, Inc.

6.1.3 Crane Co.

6.1.4 Castel SRL

6.1.5 Sanhua USA

6.1.6 Curtiss-Wright Corporation

6.1.7 Danfoss A/S

6.1.8 Emerson Electric Co.

6.1.9 Georg Fischer Ltd.

6.1.10 Flowserve Corporation

6.1.11 Hitachi Ltd.

6.1.12 Honeywell International Inc.

6.1.13 KITZ Corporation

6.1.14 Mueller Water Products Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/3672o8

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

AUSTIN, Texas--(BUSINESS WIRE)--WhiteWater Midstream (WWM) and MPLX LP (NYSE: MPLX) today announced the substantial completion of a 1.8 billion cubic-feet-per-day (Bcf/d) expansion of their joint venture Agua Blanca pipeline system. Testing and commissioning of the expansion will begin this month, and the system is anticipated to be brought into full service in early 2021.

The Agua Blanca system is connected to almost 20 gas processing sites in the Delaware Basin and is currently transporting gas produced in Culberson, Loving, Reeves, Pecos, Winkler and Ward counties in Texas, and Eddy and Lea counties in New Mexico, to the Waha Hub. The Agua Blanca expansion includes a 42-inch diameter trunk line that more than doubles system capacity to over 3 Bcf/d while providing significant incremental takeaway capacity for plants servicing Texas and New Mexico gas producers.

“We are excited to bring this expansion into service ahead of schedule while continuing to provide reliable and transparent transportation services to producers and processors in Texas and New Mexico,” said WhiteWater Chief Executive Officer Christer Rundlof. “WWM remains committed to developing premier Permian basin residue assets as markets normalize and growth resumes.”

WhiteWater Midstream’s investment in the Agua Blanca joint venture is led by First Infrastructure Capital. Inquiries regarding the Agua Blanca Expansion should be directed to This email address is being protected from spambots. You need JavaScript enabled to view it..

About WhiteWater Midstream

WhiteWater Midstream is a management owned, Austin based midstream company. WhiteWater Midstream is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.

About MPLX LP

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com

About First Infrastructure Capital

First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com.

This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements relate to, among other things, statements with respect to forecasts regarding capacity, rates, incremental investment, market conditions and timing for becoming operational for the opportunities discussed above. You can identify forward-looking statements by words such as "anticipate," "design," "estimate," "expect," "forecast," "plan," "project," "potential," "target," "could," "may," "should," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the companies and are difficult to predict. Factors that could impact the opportunities described above are set forth under the heading "Risk Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2019, and Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission (SEC). In addition, the forward-looking statements included herein could be affected by general domestic and international economic and political conditions. Unpredictable or unknown factors not discussed here or in MPLX's Forms 10-K and 10-Q could also have material adverse effects on forward-looking statements. Copies of MPLX's Forms 10-K and 10-Q are available on the SEC's website, MPLX's website at http://ir.mplx.com or by contacting MPLX's Investor Relations office.

Investor Relations Contacts:

WhiteWater Midstream
Bryan Willoughby
Director, Business Development
(512) 953-2100
www.whitewatermidstream.com

MPLX
Kristina Kazarian
Vice President, Investor Relations
(419) 421-2071

Investor Conference Call at 4:30 PM ET

VISTA, Calif.--(BUSINESS WIRE)--$FLUX #NASDAQ--Flux Power Holdings, Inc. (Nasdaq: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today reported financial results for its first quarter of fiscal year 2021 (Q1’21).

Financial Highlights:

• Q1’21 revenue grew 135% to $4.5M compared to Q1’20 revenue of $1.9M
• Q1’21 gross margin increased to 19.4% compared to 6.1% in Q1’20

Strategic Highlights:

• While our first quarter is typically a seasonal low quarter for many of our customers, our underlying momentum and pacing compared to our revenue levels for Q1’20 is encouraging, especially in view of the COVID environment.
• Uplisted to Nasdaq and completed a public offering of $12.4M in August.
• Completed a private placement offering for $3.2M.
• Continued expansion of relationships with forklift OEMs and new customers.
• Continued expansion with Beam Global for stationary power.
• Repaid short-term debt by $2.6M during Q1’21.
• Subsequent to Q1’21:
  • Filed a shelf registration of $50M to support capital raise for business growth over the next three years.
  • Converted $2.2M of short-term debt to equity to strengthen the balance sheet and capital structure.
  • Secured a working capital revolving line of credit with Silicon Valley Bank.

“Our revenue during Q1’21 reflects added customers and momentum despite the COVID pandemic,” Flux Power CEO Ron Dutt commented. “We believe continued improvement in our gross margin moves us closer to our goal of becoming cash flow breakeven.”

Q1’21 Financial Results

Revenue: Q1’21 revenue increased by 135% to $4.5M compared to $1.9M in Q1’20, driven by sales of larger LiFT Packs and stationary power applications.

Gross Profit: Q1’21 gross profit improved to $873,000 compared to a gross profit of $117,000 in Q1’20 principally reflecting higher sales volumes and gross margin improvement program.

Selling & Administrative: Expenses increased to $2.9M in Q1’21 from $2.3M in Q1’20, principally reflecting increased staffing to support expanded sales and marketing, sourcing and procurement, demonstration units for marketing, and expanded customer service footprint.

Research & Development: Expenses increased to $1.5M in Q1’21, compared to $1.3M in Q1’20 reflecting our continued rollout of new product models, third party expense for UL Listing certification, and further development of our telemetry products.

Net Loss: Q1’21 net loss increased to $4.0M from a loss of $3.8M in Q1’20, principally reflecting higher operating costs and interest expense.

Fiscal Year 2021 Outlook

The first quarter of the fiscal year is a seasonally lower revenue quarter, reflecting customers not purchasing or installing new equipment over the historically slower summer months of July and August. However, Flux Power continued its underlying business momentum with triple-digit year over year growth.

The current growth trajectory is anticipated to continue based on an expanded line-up of product offerings, continued demand for lithium-ion solutions, and potential new customer opportunities. Flux Power also expects to further enhance gross margins across its product lines by implementing a series of clearly defined initiatives to advance technology, design, production and purchasing efficiencies, as well as benefiting from growing economies of scale.

CEO Ron Dutt added, “While the timing of sales continues to be a challenge to predict each quarter, we are confident in a positive outlook for fiscal year 2021 based on customer dialogues across all product lines.”

As a point of reference, according to the October 2020 report from the Material Handling Equipment Distributors Association (MHEDA), the outlook for new U.S. equipment orders is down 9.6% for calendar year 2020 and up by 10.0% for calendar year 2021.

Conference Call

Management will hold a conference call today starting at 4:30 PM ET. Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543. The conference ID is 7063928. A recording of the conference call will be uploaded to the Flux Power website once it is available.

About Flux Power Holdings, Inc. (www.fluxpower.com)

Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), and energy storage for solar applications. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions.

Cautionary Statement Regarding Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.

Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Follow us at:

Blog: Flux Power Blog
News Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power

Media & Investor Relations:
Justin Forbes
877-505-3589
This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today that its Board of Directors declared a regular quarterly dividend in the amount of $0.35 per share, payable on December 7, 2020 to holders of record of common stock on November 23, 2020.

About HollyFrontier Corporation:

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.

HFC Forward Looking Statement:

The statements contained herein relating to matters that are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. These statements are based on our beliefs and assumptions using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties, including those contained in our filings with the Securities and Exchange Commission. Although we believe that such expectations reflected in such forward-looking statements are reasonable, we cannot give assurance that our expectations will prove to be correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in these statements. Any differences could be caused by a number of factors including, but not limited to:

• the extraordinary market environment and effects of the COVID-19 pandemic, including the continuation of a material decline in demand for refined petroleum products in markets HollyFrontier serves;
• risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products or lubricant and specialty products in HollyFrontier's markets;
• the spread between market prices for refined products and market prices for crude oil;
• the possibility of constraints on the transportation of refined products or lubricant and specialty products;
• the possibility of inefficiencies, curtailments or shutdowns in refinery operations or pipelines, whether due to infection in the workforce or in response to reductions in demand;
• effects of governmental and environmental regulations and policies, including the effects of current restrictions on various commercial and economic activities in response to the COVID-19 pandemic;
• the availability and cost of financing to HollyFrontier;
• the effectiveness of HollyFrontier's capital investments and marketing strategies;
• HollyFrontier's efficiency in carrying out and consummating construction projects, including the ability to complete announced capital projects, such as the conversion of the Cheyenne refinery to a renewable diesel facility and the construction of the Artesia renewable diesel unit and pretreatment unit, on time and within budget;
• the ability to timely obtain or maintain permits, including those necessary for operations or capital projects;
• the ability of HollyFrontier to acquire refined or lubricant product operations or pipeline and terminal operations on acceptable terms and to integrate any existing or future acquired operations;
• the possibility of terrorist or cyber attacks and the consequences of any such attacks;
• general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States;
• prolonged decline in our financial condition, restrictions in our debt agreements or certain legal requirements, which could result in our inability to declare future dividends;
• further deterioration in gross margins or a prolonged economic slowdown due to COVID-19 could result in an impairment of goodwill and / or additional long-lived asset impairments; and
• other financial, operational and legal risks and uncertainties detailed from time to time in HollyFrontier's Securities and Exchange Commission filings.

The forward-looking statements speak only as of the date made and, other than as required by law, HollyFrontier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

HollyFrontier Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Investor Relations