Global leader in air refuelling systems delivering bespoke probe solutions tailored to individual customer requirements
WIMBORNE, United Kingdom--(BUSINESS WIRE)--Cobham Mission Systems, the world leader in air refuelling probe solutions, announced today it has been awarded a prime contract from Korea Aerospace Industries Ltd. (KAI) to deliver an air refuelling probe solution for its FA-50 advanced jet aircraft. Under this contract, Cobham Mission Systems will design, develop and qualify a telescopic probe solution, which the company anticipates will lead to future serial production requirements for KAI’s customer base.
Equipping the FA-50 with an air refuelling probe will enable air refuelling from hose and drogue tankers, enhancing the aircrafts operational flexibility and interoperability.
“Having supported KAI for over a decade, we are delighted to deliver this new operational capability for their impressive FA-50 jet,” said Russell Bailey, vice president air-to-air refuelling for Cobham Mission Systems in the UK.
“Recognised for providing leading edge and optimised solutions to meet the air refuelling capability requirements of Air Forces around the world, Cobham Mission Systems is uniquely placed to deliver this project. Our dedicated team looks forward to collaborating closely with KAI to create a bespoke probe design for the FA-50 that will deliver an enhanced operational capability to end users.”
Cobham Mission Systems is globally recognised as the market leader for bespoke air-to-air refuelling solutions for aircraft tanker and military aircraft. At the leading edge of probe design and manufacture, the company has a deep understanding of complex air-to-air refuelling probe requirements and specialist expertise from probe design, development and qualification to serial production and in-service support.
For more information on Cobham Mission Systems air refuelling probe solutions, visit www.cobhammissionsystems.com.
About Cobham Mission Systems
As the world’s leading supplier of critical control solutions, Cobham Mission Systems helps customers increase the safety and mission capabilities of personnel and equipment in extreme environments. Proven and trusted solutions include air-to-air refuelling, fuel tank inerting, life support, space propulsion, weapons carriage and missile actuation that enable customers to achieve mission success. www.cobhammissionsystems.com
Media Contact:
On behalf of Cobham Mission Systems
Joyce Bosc
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Participation in Global Industry Initiatives and Recognition Highlights for 2020
PARSIPPANY, N.J.--(BUSINESS WIRE)--AdvanSix (NYSE: ASIX) continues to build a broad platform for sustainability and corporate social responsibility across its organization and with stakeholders. A focus on continuously improving performance and core values of safety, integrity, accountability and respect propelled the company’s progress and achievements in 2020.
“Our sustainability efforts continue to mature in concert with our strategic priorities of operational excellence, enhancing portfolio resiliency and strong capital stewardship,” said Erin Kane, president and CEO of AdvanSix. “At AdvanSix, environmental, social and economic sustainability is essential to our business, especially in our relationships with key stakeholders, as we make products the world values. We embrace more every day about what it means to be a sustainable organization, leading, learning and collaborating across the chemical and broader industry environment.”
AdvanSix is a long-time, proud member of the American Chemistry Council (ACC) and manages its operations in a safe, secure and sustainable manner in accordance with the Responsible Care® Guiding Principles. In addition to the ACC, AdvanSix was proud to join this year with other industry leaders in global initiatives:
Together for Sustainability
In November, AdvanSix joined Together for Sustainability (TfS), a global, procurement-driven initiative that delivers a groundbreaking framework with robust tools to assess and improve the sustainability performance of chemical companies and their suppliers. TfS delivers the de facto global standard for environmental, social and governance performance of chemical supply chains. The program is based on the UN Global Compact and Responsible Care® principles. AdvanSix is one of 29 multinational TfS member companies.
Operation Clean Sweep®
Operation Clean Sweep (OCS) is the stewardship campaign organized by the Plastics Industry Association and the American Chemistry Council’s Plastics Division designed to achieve zero pellet, flake and powder loss, and help keep material out of the marine environment. AdvanSix signed the OCS pledge in September, highlighting its commitment as a leading nylon resin provider in the North American plastics industry, and has begun to implement the program at its Chesterfield, Va. site, where employees are performing assessments and preventing chip loss at the point of origin. Additional training and process improvements are ongoing, as the team works to fulfill the pledge of the OCS campaign.
EcoVadis
AdvanSix was awarded a 2020 Gold Rating for corporate social responsibility (CSR) by EcoVadis, an independent CSR assessment agency in January. This was the first time AdvanSix participated in the assessment, which includes evaluations in the areas of Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, and was ranked among the top four percent of chemical industry peers.
Several governance initiatives drive the organization’s approach to CSR and sustainability:
Health, Safety, Environmental and Sustainability (HSE&S) Committee of the Board of Directors
In February, the Board of Directors established the HSE&S Committee of the Board with primary responsibilities to include overseeing, reviewing and providing guidance on HSE&S management systems, reporting processes and systems of internal controls, climate change, and social and public policy programs to ensure compliance and consistency with business strategy and creation of stakeholder value.
Sustainability Council
Our Sustainability Council, which reports regularly to the HSE&S Committee, is comprised of subject matter experts throughout the organization. Part of the Council’s mission is to advance our path forward by remaining true to our core values, serving as a responsible corporate citizen, adapting to the needs of our stakeholders and delivering innovative ideas for a sustainable future.
AdvanSix publishes a Sustainability Report annually, providing an overview of the company’s environmental performance, corporate social responsibility and ethics and governance policies, and as a way to advance and engage in a dialogue among employees, customers, suppliers, shareholders and other stakeholders. This year’s report was developed in alignment with the Global Reporting Initiative (GRI) Standards Core, supplemented with disclosures using guidance of the Sustainability Accounting Standards Board (SASB) as well as the Task Force on Climate-related Financial Disclosures (TCFD).
About AdvanSix
AdvanSix is a leading manufacturer of Nylon 6, a polymer resin which is a synthetic material used by our customers to produce fibers, filaments, engineered plastics and films that, in turn, are used in such end-products as carpets, automotive and electronic components, sports apparel, food packaging and other industrial applications. As a result of our backward integration and the configuration of our manufacturing facilities, we also sell caprolactam, ammonium sulfate fertilizer, acetone and other intermediate chemicals, all of which are produced within unit operations across our integrated manufacturing value chain. More information on AdvanSix can be found at http://www.advansix.com.
Forward Looking Statements
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "expect," "anticipate," "estimate," “outlook,” "project," "strategy," "intend," "plan," "target," "goal," "may," "will," "should" and "believe" and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally, including the impact of the coronavirus (COVID-19) pandemic and any resurgences; the scope and duration of the pandemic and pace of recovery; the timing of the development and distribution of an effective vaccine or treatment for COVID-19; governmental, business and individuals’ actions in response to the pandemic, including our business continuity and cash optimization plans that have been, and may in the future be, implemented; the impact of social and economic restrictions and other containment measures taken to combat virus transmission; the effect on our customers’ demand for our products and our suppliers’ ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services, including as a result of travel and other COVID-19-related restrictions; the ability of our customers to pay for our products; and any closures of our and our customers’ offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks and disruptions to our technology infrastructure; risks associated with employees working remotely or operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost or at all due to economic conditions resulting from COVID-19 or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters and pandemics including the COVID-19 pandemic; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; cybersecurity, data privacy incidents and disruptions to our technology infrastructure; failure to maintain effective internal controls; disruptions in transportation and logistics; our inability to achieve some or all of the anticipated benefits of our spin-off including uncertainty regarding qualification for expected tax treatment; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, as updated in subsequent reports filed with the SEC.
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #RNG--Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) today announced that over the course of the last two weeks the company has received $4.5 million in gross proceeds from the exercise of 7,303,000 share purchase warrants, which entitled the warrant holders the right to purchase common shares of Greenlane at either $0.26 or $0.70.
As a reminder, the Company issued share purchase warrants in connection with its financing that closed June 3, 2019, which entitled each holder the right to purchase one common share of the Company at an exercise price of $0.26 per share for a two-year period ending June 3, 2021. The Company also issued share purchase warrants in connection with its financing that closed February 19, 2020, which entitled each holder the right to purchase one common share of the Company at an exercise price of $0.70 per share for a one-year period ending February 19, 2021.
Out of the 7,303,000 warrants exercised, 1,438,000 were in connection with the June 3, 2019 financing and 5,865,000 warrants were in connection with the February 19, 2020 financing.
A total of 23,582,347 warrants (or $6.1 million) exercisable at a price of $0.26 remain and a total of 5,635,000 warrants (or $3.9 million) exercisable at a price of $0.70 remain.
As a result of the recent exercises of warrants and company stock options, the Company has approximately 106.7 million total shares outstanding as at December 1, 2020.
“The warrant exercises strengthen our balance sheet and show a vote of confidence in Greenlane’s business model and our future growth prospects,” said Brad Douville, President and CEO of Greenlane.
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 110 biogas upgrading systems supplied into 18 countries worldwide, including the world’s largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers, gas utilities or project developers turn a low-value product into a high-value low-carbon renewable resource. For further information, please visit www.greenlanerenewables.com.
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
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The Mobility House smart charging system now operational as construction for landmark 4.35MW project continues
BELMONT, Calif.--(BUSINESS WIRE)--The Mobility House has delivered its comprehensive smart charging solution to the largest U.S. battery-electric bus fleet charging project for Metro Transit in the St. Louis region. Working for New Flyer of America, Inc. (New Flyer), the 4.35MW charging project has the first of its 20 150kW and three 450kW chargers now operating intelligently with the use of the Charging and Energy Management system ChargePilot from The Mobility House. ChargePilot adjusts the charging performance of electric buses according to real-time travel schedules, as well as the local utility Ameren Missouri’s time-of-use tariffs and peak demand charges, to deliver charging at the lowest cost to Metro Transit.
“With over 10 percent of the European bus market intelligently controlled by our technology, we are bringing a wealth of best practices and lessons learned in electric fleet charging management to this landmark project in St. Louis,” said The Mobility House U.S. Managing Director Greg Hintler. “Our experience at more than 500 commercial installations around the world and with automotive partners ranging from Audi to Tesla, has illustrated why our open standards-based approach to smart charging management not only optimizes charging costs but also future-proofs operations. As fleets scale their EV operations, it is interoperable systems that will ensure different chargers interface with other on-site systems regardless of vendor.”
The Mobility House optimizes depot charging infrastructure and plans for managing overhead in-route charging to ensure Metro Transit buses maintain a sufficient state-of-charge to complete all scheduled operations. The ChargePilot charging and energy management system can save more than 30 percent in operational charging costs versus unmanaged charging by reducing peak load and demand charges as well as through time-of-use (TOU) tariff optimization where charging is scheduled during the most cost-effective times.
The Metro Transit project joins the hundreds of other electric fleet projects for The Mobility House, such as the Avinor Oslo airport fleet and Connexxion Schiphol airport fleet in Amsterdam with 100 electric buses. The Mobility House’s ChargePilot smart charging and energy management solution allows system operators to charge electric vehicles in transit depots, commercial office parking lots or multi-unit dwelling complexes of any size at the lowest electricity rate by intelligently distributing available grid power. With The Mobility House ChargePilot solution, operators benefit from reduced cost of ownership, secure local and cloud-based asset management and control, and a scalable modular design that operates with myriad equipment manufacturers and systems.
To learn more about The Mobility House charging and energy management solutions or the Metro Transit project in the St. Louis region, visit mobilityhouse.com.
About The Mobility House
The Mobility House mission is to create an emissions-free energy and mobility future. Since 2009, the company has developed an expansive partner ecosystem to intelligently integrate electric vehicles into the power grid, including electric vehicle charger manufacturers, 400+ installation companies, 40+ energy suppliers, and automotive manufacturers ranging from Audi to Tesla. The Mobility House’s unique vendor-neutral and interoperable technology approach to smart charging and energy management has been successful at over 500 commercial installations around the world. The Mobility House has 140 employees across its operations in Munich, Zurich and Belmont, Calif. For more information visit mobilityhouse.com.
Christine Bennett for The Mobility House
This email address is being protected from spambots. You need JavaScript enabled to view it. | +1 925.330.4783
DUBLIN--(BUSINESS WIRE)--The "Global Concentrated Solar Power (CSP) Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
Global concentrated solar power (CSP) market was valued at US$1.107 billion in 2019 and is expected to grow at a CAGR of 10.37% over the forecast period to reach a total market size of US$2.001 billion in 2025.
Concentrated solar power (CSP) plants use mirrors to concentrate the sun's energy to run conventional steam turbine or engines that generate electricity. The thermal energy concentrated in a CSP plant can be stored and used to generate electricity as per requirement, day or night. CSP technology generates electricity by focusing on sunlight.
The concentrated sun's energy is converted into high-temperature heat which is then channeled through a conventional generator. The CSP plant consists of two parts: the first one collects the solar energy and converts it into heat, and the second converts the heat energy into electricity. CSP systems are able to supply solar power on-demand through the use of thermal storage, helping to address grid integration challenges related to the variability of solar energy and enabling solar-generated heat to be stored until the electricity is needed. In addition to powering a turbine, CSP technology can also be used as heat in a variety of industrial applications such as water desalination, food processing, enhanced oil recovery, mineral processing, and chemical production.
By type, power towers is the most popular variant
By type, the global concentrated solar power (CSP) market has been segmented into parabolic trough (PT), solar tower (ST), solar dish (SD), and fresnel reflector (FR). Solar power towers segment holds a considerable share in the global concentrated solar power (CSP) market. Solar power towers make the use of flat sun-tracking mirrors on a large field. These mirrors, called heliostats, reflect and concentrate sunlight onto a receiver on the top of a tower. Parabolic trough segment is projected to grow at a decent CAGR during the forecast period.
North America holds a significant share in the global concentrated solar power (CSP) market
By geography, the global concentrated solar power (CSP) market has been segmented into five major regional markets- North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC).
North America accounted for a substantial share in the global concentrated solar power market in 2019. Currently, approximately 1,815 MW of CSP plants are in operation in the United States. Europe also holds a noteworthy share in the global concentrated solar power (CSP) market with booming investments in Spain. Furthermore, new tariff legislation, growing need for storage, and proven plant performance have further boosted the investors' confidence in Spanish Concentrated Solar Power ownership. Recently in February 2020, Mitsubishi Corporation entered the concentrated solar power (CSP) market with its investments in four CSP power plants in Spain, held by Spanish solar power giant, Acciona, with owning 15 per cent of its share.
Impact of COVID-19 on the global concentrated solar power (CSP) market
The recent global pandemic outbreak caused due COVID-19 has affected the growth of concentrated solar power market. The demand side has negatively impacted on account of nationwide lockdowns which, in turn, has caused a turmoil in the global economic growth, resulting in declining business spending and investments in new projects. On the supply side, global supply chain disruption along with the falling productivity across manufacturing facilities due to mandatory social distancing measures has also reduced the production of concentrated solar power systems. On the demand side, solar installation have been hit hard by this pandemic with subsequent lockdown and declining business spending leading to postpone of several solar projects.
Companies Mentioned
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
4.6. Market Attractiveness
5. Global Concentrated Solar Power Market Analysis, By Type
5.1. Introduction
5.2. Parabolic Trough (PT)
5.3. Solar Tower (ST)
5.4. Solar Dish (SD)
5.5. Fresnel Reflector (FR)
6. Global Concentrated Solar Power Market Analysis, By End User
6.1. Introduction
6.2. Commercial
6.3. Industrial
7. Global Concentrated Solar Power Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/tgq1xr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Containerized Solar Generators - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Containerized Solar Generators Market to Reach $543.3 Million by 2027.
Amid the COVID-19 crisis, the global market for Containerized Solar Generators estimated at US$363.1 Million in the year 2020, is projected to reach a revised size of US$543.3 Million by 2027, growing at a CAGR of 5.9% over the period 2020-2027.
Off-Grid, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$358.8 Million 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 Grid Connected segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $107.2 Million, While China is Forecast to Grow at 5.5% CAGR
The Containerized Solar Generators market in the U.S. is estimated at US$107.2 Million in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$95.4 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy-side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9emckx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has awarded the definitive feasibility study (“DFS”) of its planned spodumene concentrate (“SC6”) operations in North Carolina to a combined team including Primero Group (“Primero”) and Marshall Miller & Associates (“Marshall Miller”). Marshall Miller will lead quarry design activities while Primero will advance the concentrator design, infrastructure design, and be responsible for overall study management.
The DFS will target production of 160,000 tonnes per year of SC6 as well as co-products including quartz and feldspar. The study will incorporate the results of the pilot level testwork currently ongoing at SGS Canada. Piedmont expects to complete the DFS in mid-2021 and pursue an investment decision for the concentrate operations shortly thereafter.
Piedmont remains fully committed to development of an integrated lithium hydroxide business in North Carolina and a DFS of a planned lithium chemical plant will commence in Q1 2021.
Earlier in 2020, Piedmont and Primero entered into an MOU to work together on an exclusive basis for project services including the DFS and future services including the EPC delivery, commissioning, ramp-up and contract operations of Piedmont’s spodumene concentrator. Primero is recognized as a world leader in design, delivery, and operations of spodumene projects and globally.
Piedmont has engaged with Marshall Miller since 2018 to advance mine design, permitting activities, survey, geotechnical study, waste rock and tailings storage design, and other engineering support services. Marshall Miller is an experience regional mining engineering firm based in Bluefield, Virginia with extensive experience in open pit mine and quarry design and permitting in North Carolina and throughout the eastern United States.
Keith D. Phillips, President and CEO of Piedmont, commented: “We are very pleased to be formally commissioning the definitive feasibility study for our concentrate operations, and to be working with industry leaders such as Primero and Marshall Miller. We will launch the DFS for our chemical operations in Q1 2021 and will be positioned to begin construction in mid-2021, which should be ideal timing given the vast demand for lithium hydroxide we expect beginning in the 2022-2023 time period.”
Click here to view the complete ASX Announcement.
Keith D. Phillips
President & CEO
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Timothy McKenna
Investor and Government Relations
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HOUSTON--(BUSINESS WIRE)--Calpine Corporation today announced that it intends to offer $1,000,000,000 in aggregate principal amount of its Senior Secured Notes due 2031 in a private placement. The notes will be guaranteed by each of Calpine Corporation’s current and future subsidiaries that is a guarantor under Calpine Corporation’s first lien credit facilities. The notes and related guarantees will be secured equally and ratably with the indebtedness incurred under Calpine Corporation’s first lien credit facilities and other indebtedness that is permitted to be secured by such assets, by a first-priority lien on substantially all of Calpine Corporation’s and certain of the guarantors’ existing and future assets, subject to certain exceptions and permitted liens.
Calpine Corporation intends to use the net proceeds from this offering, together with cash on hand (if necessary), to (i) repay a portion of the borrowings outstanding under its first lien term loan facility maturing in 2024 (the “2024 First Lien Term Loan”), (ii) redeem and/or purchase pursuant to a tender offer a portion of its outstanding 5.250% Senior Secured Notes due 2026 (the “2026 Notes”) and (iii) pay premiums, fees and expenses relating to the repayment of the 2024 First Lien Term Loan and the redemption and/or purchase of 2026 Notes. Any net proceeds from the offering in excess of that used for the purposes described above will be used for general corporate purposes, which may include repayment of existing debt.
The notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration. The notes mentioned herein may be offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and nor shall there be any offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. This announcement does not constitute an offer to purchase, the solicitation of an offer to sell, or a notice to redeem any of the 2026 Notes.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation, including one under construction, represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, our ability to consummate the offering of the notes on the terms described or at all, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Other than as required by law, Calpine Corporation undertakes no obligation to update or revise any such statements, whether as a result of new information, future events or otherwise.
Media Contact:
Brett Kerr
Vice President, External Affairs
713-830-8809
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Investor Contact:
W. Bryan Kimzey
Senior Vice President, Finance & Treasurer
713-830-8775
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DUBLIN--(BUSINESS WIRE)--The "Global Thin-Film Module Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
Global Thin-film PV module market was valued at US$9.027 billion in 2019 and is expected to grow at a CAGR of 3.74% over the forecast period to reach a total market size of US$11.253 billion in 2025.
Thin-film solar modules are made from thin-film solar cells. Thin-film solar cells (TFSCs) are the second-generation solar cells which are made from multiple thin-film layers of photovoltaic (PV) materials.
These solar cells have a very thin layer of thickness, measured in nanometers, as compared to conventional P-N junction solar cells. As such, thin-film PV modules are more flexible and lighter in weight and are used in developing integrated photovoltaics. The thin-film technology has been relatively economical despite being lesser efficient compared to the conventional c-Si (crystalline silicon) technology. However, this technology has significantly improved owing to constant research and development over the years. As a result of R&D, the efficiency of CdTe and CIGS PV cells is now over 21 per cent which has outperformed multi-crystalline silicon which still dominates the solar PV module industry.
North America holds a significant share in the global thin-film module market
By geography, the global thin-film module market has been segmented into five major regional markets- North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC).
North America accounted for a substantial share in the global thin-film module market in 2019. With tariff imposition on silicon-based PV modules by the United States in 2018, thin-film solar module manufacturing has increased in the country, with U.S. manufacturer First Solar being one of the major market players in the global thin-film module market. According to the EIA (the U.S. Energy Information Administration), the country manufactured more than 600 MW of thin-film modules in 2019. After this tariff imposition, 8 GW of imported PV modules did not tariff in 2019 while the majority of these modules (4.3 GW) were thin-film modules.
In October 2019, First Solar announced the start of production at its new PV module manufacturing facility in Ohio. This new production facility made the company's total annualized production capacity equal to 1.9 GW in the United States. Both Ohio production facilities manufacture Series 6 module, which is a larger CdTe thin-film solar module and comparable in size to conventional 72-cell crystalline silicon modules. Europe also holds a decent share in the global thin-film module market throughout the forecast period owing to rising R&D activities and high focus on the reduction of carbon footprints across the region.
Impact of COVID-19 on the global thin-film PV module market
The recent global pandemic outbreak caused due COVID-19 has negatively impacted the growth of thin-film PV module market. On the supply side, global supply chain disruption and reduction in productivity across manufacturing facilities due to mandatory social distancing measures has crippled the production of thin-film modules. On the demand side, solar installation have been hit hard by this pandemic with subsequent lockdown and declining business spending leading to postpone of several solar projects.
Companies Mentioned
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
4.5. Market Attractiveness
5. Global Thin-film PV module Market Analysis, By Type
5.1. Introduction
5.2. Copper Indium Gallium Diselenide (CIGS)
5.3. Amorphous Silicon (a-Si)
5.4. Cadmium Telluride (CdTe)
6. Global Thin-film PV module Market Analysis, By Application
6.1. Introduction
6.2. Building Integrated PV
6.3. Rooftop applications
6.4. Utility-scale applications
7. Global Thin-film PV module Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
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Network of Purpose-Built Tracks Announced As Part Of Ambitious New Worldwide Motorsports Championship
Transformational Electric Competition Coming in 2022
LOS ANGELES--(BUSINESS WIRE)--#NRX--In two short years since being created by motorsports icon Travis Pastrana and Nitro Circus, Nitro Rallycross (NRX) and its unparalleled action has attracted the best drivers, teams and manufacturers from around the world. Now the race that competitors hail as motorsport’s innovative future announces its next evolution: a full standalone championship series. Five races, each on purpose-built tracks, will kick things off in 2021 ahead of a full 10-stop integrated global championship across North America, Europe and the Middle East in 2022. Fundamental to the new championship is a revolutionary electric vehicle supercar class which will be introduced in 2022. For more about Nitro Rallycross and to get a taste of its full throttle action, go here.
“Since day one, I have truly believed that Nitro Rallycross has the potential to be the most exciting motorsports series on the planet. When we built the first NRX course in Utah we knew we had something special - from the drivers’ genuine smiles to the astonished fans as cars flew side-by-side over 100-foot jumps,” Travis Pastrana says. “Now, as we get ready for the next chapter of NRX, I’m more convinced than ever that this will bring top drivers from all disciplines to challenge themselves as their teams push the envelope in vehicle development. It’s going to be a hell of a ride and this is only the beginning.”
“The vision for Nitro Rallycross and the new FC1-X electric vehicle that has been developed is everything you look for as a driver,” says Johan Kristoffersson, newly crowned 2020 world champion. “This series is the perfect platform to showcase the new electric vehicles that are being produced and also provides the best test for us, as drivers to showcase our skills”
“From our very first race in Utah, we knew that Nitro Rallycross was destined to be a disruptive force in motorsports,” says Joe Carr, CEO of Thrill One Sports & Entertainment, parent company of Nitro Circus. “NRX was built for the next generation of fans and consumers – unrivaled tracks, elite electric vehicles, short-form racing and marquee drivers. We are excited to expand to five races in 2021 and then launch our full electric series globally in 2022.”
Industry Acclaim Spurs International Expansion:
Dubbed, “The best, the wildest rallycross track ever built in the history of rallycross,” by global motorsports star Ken Block, proclaimed as, “The most unique, exciting, fun, amazing rallycross track ever built,” by record-breaking driver Tanner Foust and introduced as, “Welcome to rallycross 2.0… Nitro Rallycross and Travis Pastrana have taken rallycross to another level,” by world champion Mattias Ekstrom, NRX has redefined four-wheel motorsports in every way.
Fueled by that industry acclaim, Nitro Rallycross will add four unique, purpose-built tracks for its 2021-2022 calendar in addition to its benchmark Utah showing. The lights will go green where it all began - at Utah Motorsports Campus just outside of Salt Lake City, UT next September with more races to follow in Washington state and Nevada in October, Arizona in November and Quebec in January 2022. The ten-race integrated world championship will kick off soon thereafter and will run through the year.
All of these competitions will feature purpose-built permanent tracks in keeping with the spectacular size and scope of Nitro Rallycross’ original Utah home, but with a wide variety of locations reflecting each race’s unique environs. Every track will be different, with diverse settings and surfaces ranging from urban areas with paved streets to remote expanses with dirt and ice tracks. Each location will also showcase extraordinary backdrops encompassing deserts, forests, mountains, cityscapes and more.
From the beginning, rallycross leaders have been very supportive of the progressive vision behind Nitro Rallycross and were deeply involved in the planning for its growth. Carr notes, “This is not a new series concept based solely on renderings. Over the past two years, Travis and the Nitro Rallycross team have delivered a proof of concept to rave reviews and there is now demand to take the sport to the next level.” He adds, “Given the disruption and uncertainty around the 2021 rallycross calendar, the industry is looking for stability now more than ever and to align with the best platform to showcase their vehicles, driving abilities and provide the biggest possible audience for their commercial sponsors. Nitro Rallycross is ready to deliver on all fronts.”
An Electric Future
This news, which also includes the official unveiling of a sleek and sophisticated new logo, marks just the first stage of Nitro Rallycross’ strategic expansion. Looking further ahead, the property will accelerate its transformation of four-wheel racing with the debut of a next-generation electric competition - to run in parallel with its internal combustion competition - in 2022.
Nitro Rallycross organizers have worked closely with several top manufacturers such as Ford, Volkswagen and Subaru among numerous other OEM’s to develop the body for a ground-breaking vehicle platform with extraordinary performance abilities. The result of this collaboration is the innovative FC1-X, an all-new vehicle developed in partnership with First Corner, comprised of leading electric mobility company QEV Technologies and long-time rallycross team operator Olsbergs MSE.
The FC1-X is now fully developed and primed to begin testing in February. While based on an electric SUV platform, it is a pure racing machine through and through. The highest performing vehicle ever in the sport, it produces 1,000+ peak HP with all-wheel drive, is capable of three G’s of acceleration and can rocket from zero to 60-mph in under 1.5 seconds.
Andreas Eriksson of First Corner says, “We have been working with many leading OEM’s for over 24 months on the FC1-X. The end product is a testament to the collaborative approach to deliver the very best vehicle in electric motorsports that the OEM’s will be proud of. This vehicle will accelerate almost twice as fast as its nearest competitor and other proposed electric offerings currently on the drawing board.” Eriksson expands on the platform’s anticipated commercial impact, “With the electric SUV category the fastest growing category for auto manufacturers, FC1-X and Nitro Rallycross will provide the perfect platform for OEM’s to highlight their new models rolling off the production line across the globe and generate a global fervour for their new vehicles, which will translate to purchases.”
Global Media Reach
Fans around the world will be able to check out all the action of Nitro Rallycross on a variety of platforms. Organizers are in the final stages of selecting a major U.S. TV broadcaster as well as a global live streaming partner. In addition, the series will be available on television in over 130 countries. Nitro Circus’ 25 million strong social audience, combined with exclusive partnerships with leading social platforms, will also provide an unmatched ready-made digital audience.
Industry-Leading Partners
Foundational Nitro Rallycross partner, Red Bull, has extended their multi-year alliance with the series in a further endorsement of the vision and direction of the property. Another foundational sponsor, Yokohama Tires, has also committed to the series, producing tires as the official tire partner for series.
About Nitro Rallycross:
Created in 2018 by motorsports icon Travis Pastrana and the innovators of Nitro Circus as part of the Nitro World Games, Nitro Rallycross has successfully transformed and injected new life into the sport. With its innovative, purpose-built track designs - featuring the largest jumps in rally, banked turns, and more lines for close head-to-head competition - Nitro Rallycross creates exhilarating, thrill-packed racing unlike anything seen before. All in all, its groundbreaking custom-built course designs, featuring banked corners, multiple line choices, tabletop jumps, and massive gap jumps, create unrivaled racing excitement. For the latest updates go to www.nitrorallycross.com and follow us on Instagram and Facebook.
Nitro Rallycross’ global expansion is the latest initiative from Thrill One Sports and Entertainment, parent company of Nitro Circus, Street League Skateboarding and Superjacket Productions. Thrill One has the backing of leading sports investment firms The Raine Group and Causeway Media Partners (one of the initial investors behind Formula E. Nitro Rallycross will add another electric motorsports property to their portfolio) Go to www.thrillone.com for more information.
Press Contact: Greg Terlizzi – This email address is being protected from spambots. You need JavaScript enabled to view it.
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Additional image available at Red Bull Content Pool
Video Assets: Long form and :60 sec sizzles available for download here
Embeddable YouTube links here (long form version) and here (:60 sec version)
Logo Assets: Available for download here
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the BofA Securities 2020 Leveraged Finance Virtual Conference. The conference is being held on December 2nd.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
Industry First Use Case of Blockchain-Based Smart Contracts in Global Contract Drilling, Capital Equipment Sales, Drilling Services, Repairs and Maintenance Services
Data Gumbo Moves Into Another Segment of Oil & Gas Ripe for Digital Improvements
HOUSTON--(BUSINESS WIRE)--#blockchain--Data Gumbo, the trusted industrial blockchain network, today announced that HENDERSON, a leader in the sales and services for drilling rigs and capital equipment, has adopted Data Gumbo’s GumboNet™ for smart contract deployment with its contract drilling clients and equipment services ecosystem. This is the oil & gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations, and signals a new avenue in oilfield services tapping the power of GumboNet.
“We sought out Data Gumbo based on the transparency, accuracy, efficiency and trust that their network will bring to our business’s ecosystem of sales, services and technicians across drilling,” said Dan Henderson, Founder and CEO of HENDERSON. “We’re excited about this engagement and rolling out the technology across our partner and customer base in 2021 and beyond, as well as joining a network that gives us access to a broader group of contractors.”
HENDERSON will use GumboNet smart contracts to create certainty in transactions from equipment services to commissioning and installation, mitigating financial and operations risk for both parties involved. Drilling contractors and service providers will also utilize digital confirmation of completed work and shipped goods for improved operational efficiency.
“HENDERSON is a perfect fit to leverage the benefits of our smart contracts across their business, and we look forward to helping create trust in transactions, capture value leakage for counterparties, and enable seamless business services,” said Andrew Bruce, CEO, Data Gumbo. “The network will enable their partners and customers to agree faster on terms, service more efficiently and reduce risk in transactions.”
GumboNet integrates specific transactional data with automated smart contracts powered by blockchain technology as a network of companies, customers, suppliers and vendors. By providing a single immutable record of truth, GumboNet synchronizes data across counterparties for transparency that frees up working capital, reduces contract leakage, enables real-time cash and financial management, and delivers provenance. Company, commodity and ticketing systems agnostic, Data Gumbo stores all data directly on its network with full auditable records for a modern process that creates touchless transactions and crushes transactional waste.
About HENDERSON
Based in Houston, Texas, HENDERSON is the name global drilling contractors trust to sell, source, repair, refurbish, recertify and provide field-service for drilling rigs and equipment. For more information, please visit www.hendersonrigs.com.
About Data Gumbo
Data Gumbo provides transactional certainty for tomorrow’s industrial leaders through GumboNet™, a massively interconnected industrial blockchain network. With integrated real-time capabilities that power, automate and execute smart contracts, our network reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Headquartered in Houston, Texas, Data Gumbo has a subsidiary office in Stavanger, Norway. To date, the company has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. For more information, visit www.datagumbo.com or follow on LinkedIn, @DataGumbo and Facebook.
Media contact:
Gina Manassero
Data Gumbo
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Volvo Cars Tech Fund and NextGear Ventures Lead The Investment Round
BROOKLYN, N.Y.--(BUSINESS WIRE)--#Actasys--Actasys, Inc. (Actasys), a leader in applying aerodynamic principles to solve critical problems in the automotive and mobility industries, announced that it recently closed a $5M seed funding round. The investment was led by prominent automotive and mobility investors Volvo Cars Tech Fund and NextGear Ventures.
Actasys’ core technology, the ActaJet™ system, is an electronically controlled array of small actuator cartridges that generate strong jets of air without the need for rotary fans or compressors. The ActaJet system offers multiple safety and efficiency solutions to the automotive and mobility sectors. The lead ActaJet product is for the cleaning and clearing of sensors on vehicles and smart mobility systems. Sensors, such as Lidars, cameras, and infrared sensors, require clear surfaces to ensure optimal operation and safety. Clean sensors enable achievement of higher levels of assisted driving (ADAS) and ultimately autonomous operation. Actasys is working with Volvo Cars to develop an ActaJet sensor cleaning system for use on Volvo cars.
“We are pleased to have such knowledgeable and experienced investors supporting us, recognizing the acute need for sensor cleaning and our potential to greatly increase safety and operations across a wide range of environmental conditions,” said Miles Flamenbaum, CEO of Actasys. “Just one raindrop can alter sensor vision and perception. Our ActaJet system can restore that perception without expensive or difficult to integrate mechanical solutions, placing us in a unique position to enable the automotive and smart mobility industries to achieve a transformation of transportation.”
"We at Volvo Cars are focused on providing customers with the safest and most advanced driving experience,” said Pratik Budhdev, Global Investment Director, of Volvo Cars Tech Fund. “Actasys sits uniquely at the intersection of safety and enabling innovative vehicle driving technologies, which supports our strategy.”
“Actasys has been working with us through Drive's flagship program, FastLane, for the past year to refine their value proposition and business model and to foster relationships with leading OEM’s and Tier-1 suppliers,” said Dr. Tal Cohen, NextGear Ventures Managing Partner and Drive TLV Co-Founder. The market will be dominated by cars and devices equipped with multiple smart sensors that need to be cleaned in order to be effective. We were impressed by Actasys' unique sensor cleaning technology and their ability to solve critical problems in several industry sectors. The market opportunity size, the company's technological advantages and commercial traction, combined with a great team, gave us confidence in their ability to be successful.”
Actasys currently works with leading automotive and transportation companies to address needs for sensor cleaning in the vehicle sector as well as for other sensor critical uses such as robots, camera systems, and traffic monitoring. ActaJet products are also being developed for cooling of electronic components and electric vehicle battery packs as a smart, adaptive replacement of rotary fans or compressed air.
About Actasys, Inc.
Actasys is a development stage company commercializing its unique ActaJet technology for sensor cleaning and advance cooling systems and is establishing leadership in critical areas to enable the safe and efficient future of the automotive and mobility industries. Actasys has multiple product development partnerships with leading automotive and transportation companies and is backed by prominent automotive and mobility investors. For more information, please visit www.actasysinc.com.
Media Inquiries
Miles Flamenbaum, CEO
Actasys, Inc.
Phone: +1 877.722.8279 x700
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Acquisition expands service markets for Fairbanks Morse and adds service support for customers
BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse, a leading provider of solutions that are powering the world forward, has acquired Breco International Inc., a leading diesel engine repair and rebuilding service provider. The move will expand service markets for Fairbanks Morse with commercial marine, oil and gas and locomotive, and will add service support for customers.
“Breco has an established track record of being customer-focused and operationally efficient and we are pleased to bring the Breco team and assets into Fairbanks Morse,” said George Whittier, CEO of Fairbanks Morse. “This acquisition opens up service markets for Fairbanks Morse and we intend to continue Breco’s business model of providing fast, cost-competitive solutions to customers.”
Breco International Inc. is a diesel engine parts and service company specializing in the ALCO brand. The company will continue to supply ALCO parts under the Breco name out of its Houston location, which includes a machine and engine rebuild shop. Breco has a large inventory of new and remanufactured engine replacement parts at its warehouse in Gig Harbor, Washington. Since 2001, Breco has offered diesel engine repairs and rebuilding on site and in the field.
“We are very proud of the successful business that we built over nearly two decades,” said Billy Rodgers, Owner of Breco International Inc. “We are confident that Fairbanks Morse will not only continue to provide the exceptional customer service for which we are known, but will grow the business as well.”
This acquisition follows Fairbanks Morse’s recent asset purchase agreement with Globe Turbocharger Specialties, Inc. Both moves demonstrate the company’s focus on providing critical aftermarket solutions and support to its customers.
About Fairbanks Morse
Fairbanks Morse manufactures and services heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse® and ALCO® brand names, which are used primarily in marine and power generation applications. Fairbanks Morse has been the original equipment manufacturer of its engines for over 125 years and has a large installed base for which it supplies aftermarket parts and services. Fairbanks Morse is the principal supplier of diesel engines to the U.S. Navy, U.S. Coast Guard and Canadian Coast Guard. One hundred percent of manufacturing is conducted in its U.S. based facility in Beloit, Wis., while aftermarket parts and services are delivered through its growing network of service centers strategically located around the U.S. Fairbanks Morse is a portfolio company of Arcline Investment Management. Learn more about Fairbanks Morse by visiting www.fairbanksmorse.com.
Mercom Communications
Wendy Prabhu
1.512.215.4452
www.mercomcapital.com
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AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will install replacement boiler pressure parts for a power plant in North America. The contract, valued at more than $20 million, was awarded to B&W’s subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC).
Under this contract, BWCC will install new superheater sections and furnace panels, some of which were designed and supplied by B&W under a previous contract, to help extend the life of the plant’s operations.
“B&W Thermal has unmatched experience with installing equipment to maintain and extend the operable lifespan of boilers and other equipment for the North American power fleet,” said B&W Chief Operating Officer Jimmy Morgan. “Whether installing or servicing B&W’s or our competitors’ equipment, we have the resources and knowledge to respond to customers’ needs and deliver reliable solutions.”
“As many of our competitors have stepped back from providing cost-effective plant maintenance and upgrades, B&W Thermal has stepped up to continue supplying these critically important services. We are seeing increasing demand from our customers as they plan long-term strategies in upgrading or converting technologies,” Morgan said.
Installation is scheduled to begin in February 2021, with completion anticipated later in the spring.
B&W Thermal is a single-source turnkey supplier of a full range of field construction, construction management and maintenance services. With significant experience with a wide range of projects — from large, complex projects to small unanticipated quick turnaround repair needs — B&W Thermal has the depth of knowledge and responsiveness necessary to safely deliver dependable services of any size at any facility.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. Babcock & Wilcox Thermal has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to install replacement boiler pressure parts for a power plant in North America. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investors:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
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Media:
Ryan Cornell
Public Relations
Babcock & Wilcox
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HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) and Accenture (NYSE: ACN) today announced they have teamed to accelerate Halliburton’s digital supply chain transformation and support digitalization within the Company’s manufacturing function.
Beginning in 2021, Halliburton will launch a new global hub-and-spoke supply chain and manufacturing service model supported by new technologies. This new delivery platform will apply advanced analytics and enhanced business intelligence tools for its support teams to improve service levels and unlock operational benefits. This transformation further supports Halliburton’s strategic priority to accelerate digital deployment and integration across the value chain, driving better service for its customers and returns for its shareholders.
Accenture will work with Halliburton to:
“This transformation allows Halliburton to improve service levels and business outcomes by optimizing our investments across supply chain and manufacturing infrastructure,” said Lawrence Pope, Halliburton executive vice president of Administration and chief Human Resources officer.
Accenture will leverage its SynOps platform to accelerate Halliburton’s digital transformation across its supply chain and manufacturing functions. Accenture will augment its unique capabilities with Halliburton’s existing technologies to provide teams with more advanced tools to do their work, enhancing real-time decision-making and actionable insights across supplier performance, demand planning, logistics and inventory management.
“Halliburton’s strong digital foundation is critical to making its supply chain and manufacturing functions more responsive, resilient and able to adapt to changing market needs,” said Manish Sharma, group chief executive of Accenture Operations. “We are proud to help Halliburton accelerate this transformational change to better position it for the future.”
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 140 nationalities in more than 80 countries, the Company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
For Halliburton
Investors:
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) Chief Financial Officer John Chandler is scheduled to participate in virtual meetings with investors, including a fireside chat Q&A session, at the 2020 Wells Fargo Virtual Midstream Utility Symposium on Wednesday, December 9.
The fireside chat will begin at approximately 3:20 p.m. Eastern Time (2:20 p.m. Central Time), and a link to the live webcast, as well as a replay, will be available at https://investor.williams.com. A copy of the presentation used during the investor meetings will also be posted on the company’s website the morning of December 9.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
HOUSTON--(BUSINESS WIRE)--Maverick Natural Resources, LLC (“Maverick” or the “Company”) announced today that it has acquired FourPoint Energy, LLC (“FourPoint”), the largest producer in the Western Anadarko Basin. In conjunction with the all-equity merger, FourPoint became a wholly owned subsidiary of Maverick and was renamed Unbridled Resources, LLC (“Unbridled”). Both Maverick and FourPoint are majority controlled by EIG Global Energy Partners (“EIG”) managed funds.
The acquired assets produce approximately 50,000 net barrels of oil equivalent per day (47% liquids) from Western Oklahoma and Northern Texas. The Unbridled position spans 700,000 acres across the core of the Granite Wash and Cleveland Sand plays. The acquisition also included MidPoint Midstream, LLC and Wheeler Midstream, LLC, which provide midstream services in the Western Anadarko Basin.
Chris Heinson, Maverick’s CEO, commented, “The acquisition of FourPoint demonstrates Maverick’s ability to translate its best-in-class operational proficiency into significant growth.”
Heinson continued, “Over the last several years, Maverick has become a leader in reducing costs in mature assets. Maverick’s transformation process allows us to rapidly deploy technology and analytics to drive reductions in G&A and lease operating expense. By renaming FourPoint Energy to Unbridled Resources, we are signaling a shift from the traditional shale model to Maverick’s margin-focused operational strategy. These assets add to Maverick’s substantial portfolio of long-lived assets. Further, the all-equity transaction ensures the combined Company will retain a healthy financial position with a 2020 pro forma debt to EBITDA ratio of approximately 0.5x.”
Heinson concluded, “With our proven track record of safe, environmentally responsible operations and significant operational scale, we are exceptionally well-positioned to acquire additional producing assets.”
As part of the merger, EIG is adjusting the board composition to support the increased scale of the Company and the plans for continued growth and strategic development. Linda Z. Cook, Managing Director of EIG and CEO and board member of Harbour Energy, will join the Maverick board as Chairman and Jim Blackwell, an industry veteran who is also a board member of Harbour Energy, will join as well.
About Maverick Natural Resources, LLC
Maverick Natural Resources is an oil and gas organization headquartered in Houston, Texas. Maverick operates in thirteen states and specializes in management of mature upstream assets through application of automation and data-science technology. Maverick is majority-owned by EIG Global Energy Partners. To learn more, visit www.mavresources.com.
About EIG
EIG is a leading institutional investor to the global energy sector with $21.9 billion under management as of September 30, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 38-year history, EIG has committed over $34.4 billion to the energy sector through more than 360 projects or companies in 36 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG's website at www.eigpartners.com.
Linda Cook retired from Royal Dutch Shell plc in 2010, at which time she was a member of the Board of Directors and the Executive Committee. During her 29 years with Shell, she held positions including CEO of Shell Gas & Power (London and The Hague); CEO of Shell Canada Ltd. (Calgary); EVP Strategy & Finance for Global Exploration & Production (The Hague); and various U.S. Exploration & Production management, operational and engineering roles.
Before his retirement from Chevron Corporation, Jim Blackwell served as EVP, Technology and Services. Earlier in his career at Chevron, he served as President of Chevron Asia Pacific Exploration and Production Company; Managing Director for Chevron’s Southern Africa strategic business unit; and President of Chevron Pipe Line Company.
Maverick
Sarah Payne—Media
713.437.8084
Andrew Rowe—Business Development
713.437.8020
EIG
Kelly Kimberly and Brandon Messina, Sard Verbinnen & Co
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212-687-8080
DUBLIN--(BUSINESS WIRE)--The "Pipeline Monitoring System Market Report: Trends, Forecast, and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global pipeline monitoring system market is expected to grow with a CAGR of 7% from 2019 to 2024.
The future of the pipeline monitoring system market looks promising with opportunities in the water and wastewater and crude and refined petroleum industries. The major growth drivers for this market are the need for increase in pipeline infrastructure, secure transportation of resources, increase in incidence of oil & gas leakage, rising oil & gas demand in developing economies, and increased government regulations for safety and monitoring.
Some of the pipeline monitoring systems companies profiled in this report include Atmos, Clampon, Future Fibre Technologies, Senstar, Syrinix, Radiobarrier, TTK (France), Krohne Group, Thales Group, and ABB Group.
Some of the features of 'Global Pipeline Monitoring System market 2019-2024: Trends, Forecast, and Opportunity Analysis' include:
This report answers the following 11 key questions:
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1: Macroeconomic Trends and Forecast
3.2: Global Pipeline Monitoring System Market: Trends and Forecast
3.3: Global Pipeline Monitoring System Market by Pipe Type
3.3.1: Metallic
3.3.2: Non-Metallic
3.3.3: Others
3.4: Global Pipeline Monitoring System Market by Technology
3.4.1: PIGs
3.4.2: Smart Ball
3.4.3: Ultrasonic
3.4.4: Magnetic Flux Leakage Technology
3.4.5: Others
3.5: Global Pipeline Monitoring System Market by Application
3.5.1: Leak Detection
3.5.2: Operating Condition
3.5.3: Pipeline Break Detection
3.5.4: Others
3.6: Global Pipeline Monitoring System Market by End-Use Industry
3.6.1: Crude & Refined Petroleum
3.6.2: Water & Wastewater
3.6.3: Others
4. Market Trends and Forecast Analysis by Region
4.1: Global Pipeline Monitoring System Market by Region
4.2: North American Pipeline Monitoring System Market
4.2.1: Market by Pipe Type: Metallic, Non-Metallic, and Others
4.2.2: Market by Technology: PIGs, Smart Ball, Ultrasonic, Magnetic Flux Leakage Technology, and Others
4.2.3: Market by Application: Leak Detection, Operating Condition, Pipeline Break Detection, Others
4.2.4: Market by End-Use Industry: Crude & Refined Petroleum, Oil, Natural Gas, Biofuel, Water & Wastewater and Others
4.3: European Pipeline Monitoring System Market
4.4: APAC Pipeline Monitoring System Market
4.5: ROW Pipeline Monitoring System Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Global Pipeline Monitoring System Market by Pipe Type
6.1.2: Growth Opportunities for Global Pipeline Monitoring System Market by Technology
6.1.3: Growth Opportunities for Global Pipeline Monitoring System Market by Application
6.1.4: Growth Opportunities for Global Pipeline Monitoring System Market by End-Use Industry
6.1.5: Growth Opportunities for Global Pipeline Monitoring System Market by Region
6.2: Emerging Trends in Global Pipeline Monitoring System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global Pipeline Monitoring System Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Pipeline Monitoring System Market
7. Company Profiles of Leading Players
7.1: Atmos
7.2: Clampon
7.3: ABB Group
7.4: Future Fibre Technologies
7.5: Senstar
7.6: Syrinix
7.7: Radiobarrier
7.8: TTK (France)
7.9: Krohne Group
7.10: Thales Group
For more information about this report visit https://www.researchandmarkets.com/r/pt1qu4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles, EVP Corporate Planning and Development Brian P. Weber and SVP Investor Relations Jim Buckley will be participating in a fireside chat at the BMO Capital Markets 2020 Growth & ESG Conference.
Clean Harbors’ presentation will take place at 2:00 p.m. ET on Tuesday, December 8, and will be webcast live. To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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