MINNEAPOLIS--(BUSINESS WIRE)--C.H. Robinson (Nasdaq: CHRW) today announced that the company will present at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on Wednesday, September 8, 2021, at 10:40 a.m. ET.
The fireside chat discussion will be accessible live on the Investors section of the company’s website at investor.chrobinson.com. A replay of the webcast will be available for three months following the live webcast.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $21 billion in freight under management and 19 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 105,000 customers and 73,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
CHRW-IR
Chuck Ives, Director of Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "Global Perishable Goods Sea Transportation Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The perishable goods sea transportation market is poised to grow by $ 2.38 bn during 2021-2025, progressing at a CAGR of almost 7%
The market is driven by the rising demand for processed food and technological advances in freight management.
The report on perishable goods sea transportation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The perishable goods sea transportation market analysis includes the product segment and geographic landscape.
This study identifies the end-to-end integrated services as one of the prime reasons driving the perishable goods sea transportation market growth during the next few years.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading perishable goods sea transportation market vendors that include A.P. Moller - Maersk AS, C.H. Robinson Worldwide Inc., CMA CGM Group, Deutsche Post DHL Group, DSV Panalpina A/S, Kuehne + Nagel International AG, Mediterranean Shipping Co. SA, Mitsui O.S.K. Lines Ltd., Orient Overseas Container Line, and Schenker AG.
Also, the perishable goods sea transportation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/4115hp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), today announced that it will release its third quarter 2021 results before market open on Thursday, September 9, 2021, to be followed by a conference call at 9:00 a.m. Eastern Time on the same day.
Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.li-cycle.com.
The conference call can be accessed live over the phone by dialing 1-877-407-0784 (domestic) or +1-201-689-8560 (international). A telephonic replay will be available approximately three hours after the call by dialing 1-844-512-2921 (domestic) or +1-412-317-6671 (international). The conference ID for the live call and pin number for the replay is 13722615. The slide presentation accompanying the conference call and a transcript of the call will also be available on the Company’s website at https://investors.li-cycle.com.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
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Michael Garberding joins EPIC Midstream as Chief Financial Officer
HOUSTON--(BUSINESS WIRE)--EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced Michael Garberding has joined EPIC as the Chief Financial Officer effective August 31, 2021. He will report to Brian Freed, the Company’s Chief Executive Officer.
“I am excited to welcome Mike to the leadership team of EPIC,” said Mr. Freed. “He brings immense strategic, financial and industry experience to our company. Mike will be critical in managing EPIC’s financial planning and reporting, budgeting and risk management to better position us for future growth strategies around our best in class long haul assets for transporting crude oil and natural gas liquids out of the Permian and Eagle Ford Basins to the premier Texas Gulf Coast and global market destinations.”
Mr. Garberding’s career has spanned across all aspects of corporate strategy, business development and finance and accounting in various energy companies. Prior to joining EPIC, Mr. Garberding’s served as the Co-Founder and Co-CEO of AABA Energy, a midstream start-up, and President and Chief Executive Officer of Enlink Midstream. Prior to his role as Enlink’s CEO, Mr. Garberding served as Enlink’s Executive Vice President and Chief Financial Officer. He held several positions with Enlink’s predecessor, Crosstex Energy, including Senior Vice President of Business Development and Finance. Prior to joining Crosstex in 2008, Mr. Garberding was Assistant Treasurer at TXU Corp. Mr. Garberding also worked as a finance manager for Enron North America and began his career with Arthur Andersen LLP as an auditor.
Mr. Garberding graduated from Texas A&M University with a Bachelor of Business Administration in accounting and holds a Master of Business Administration from the University of Michigan.
About EPIC Midstream Holdings, LP
EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Basins. EPIC operates the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline that span approximately 700-miles servicing the Delaware, Midland and Eagle Ford Basins. EPIC is a portfolio company of funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES). For more information, visit www.epicmid.com.
EPIC Midstream Holdings, LP
David McArthur
Corporate Communications Director
(210) 446-1059
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SAN FRANCISCO--(BUSINESS WIRE)--#STEM--Stem, Inc. (“the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced today that it will participate in the Barclays CEO Energy-Power Conference on September 9, 2021. The conference will be held virtually. In connection with the conference, the Company will post an investor presentation on September 9 on the Events & Presentations section of its Investor Relations website at https://investors.stem.com/events-and-presentations/.
About Stem, Inc.
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. For more information, visit www.stem.com.
Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
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Stem Media Contacts
Cory Ziskind, ICR
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The luxury auto brand will invite US Open fans to generate energy that will be used to help power an upcoming exclusive event in collaboration with global partner Alicia Keys
ATLANTA--(BUSINESS WIRE)--To celebrate the launch of its first line of electric vehicles, Mercedes-Benz USA has developed an activation at the 2021 US Open to educate fans about its electrification efforts. The luxury automotive brand will engage tournament attendees to create and harvest clean energy that will be used to help power an upcoming exclusive event with global partner Alicia Keys. The Mercedes-EQ family of vehicles will combine sophistication, sustainability, high-end technology and style for an unprecedented fully electric luxury experience. The first vehicle from the line, the all-new 2022 EQS Sedan, will launch later this year.
As an official sponsor of the US Open, Mercedes-Benz will host fans in their Brand Center at the USTA Billie Jean King National Tennis Center from August 30 through September 12. Mercedes-Benz will invite fans to walk over a pathway of kinetic tech floor tiles, created in partnership with Pavegen, that will generate reusable clean energy with each footstep. As guests walk over the Pavegen floor tiles, the weight from their footsteps will compress an electromagnetic generator, which in turn will transform each individual footstep into a small amount of energy that is converted into clean electricity.
For each consumer who walks the pathway, Mercedes-Benz will make a $1 donation per footstep to The National Energy Education Development Project (NEED) to help bring sustainability resources to schools through curriculum and customizable programs. With support from Mercedes-Benz, NEED will expand its upcoming pilot curriculum around electric vehicles and create additional training for students and teachers across the country around electrification and the future of transportation. Additionally, Mercedes-Benz will randomly select one participant each day of the tournament to receive two tickets to attend the exclusive event later this year.
“Mercedes-Benz is committed to an electric future, and with the Mercedes-EQ family of vehicles, we’ve set our sights on the intelligent evolution of transportation that will help create a smarter way of living,” said Monique Harrison, Head of Brand at Mercedes-Benz USA. “We are excited to engage consumers to help us create clean energy and support NEED’s efforts to train and empower the next generation of the STEM workforce, and hope that with this initiative we will spark excitement from kids to take part in the future of electric transportation.”
“Partnering with Mercedes-Benz is a game-changing opportunity for NEED to share the excitement about electrification and electric vehicles with students and teachers around the United States,” said Mary Spruill, Executive Director at NEED. “This engagement at the US Open is harnessing the power of tennis fans to support these teachers and students as they learn about the electric grid and what infrastructure is needed to put more electric vehicles like the EQS on the road, helping to make the future of electric transportation incredibly bright and successful.”
As part of the activation, Mercedes-Benz will officially reveal the EQS, the first all-electric luxury sedan from Mercedes-EQ, to New York consumers with two vehicle displays at the Mercedes-Benz Brand Center. Fusing technology, design, functionality and connectivity, the EQS is the pinnacle of electric luxury, bridging the gap between elegance and sustainability. The first models being introduced to the U.S. market include the EQS 450+ and the EQS 580 4MATIC and will launch later this fall.
Fans will also have the chance to play a new visually stunning virtual reality tennis game which will feature an LED wall to display energetic movement as the match is played. Taking place on the iconic blue courts of the US Open, guests can use rackets with sensors to serve and hit a virtual ball back and forth in the Mercedes-Benz Brand Center.
About Mercedes-Benz USA
Mercedes-Benz USA (MBUSA), headquartered in Atlanta, is responsible for the distribution, marketing and customer service for all Mercedes-Benz products in the United States. MBUSA offers drivers the most diverse lineup in the luxury segment with 15 model lines ranging from the sporty A-Class Sedan to the flagship S-Class and the Mercedes-AMG GT R. MBUSA is also responsible for Mercedes-Benz Vans in the U.S. More information on MBUSA and its products can be found at www.mbusa.com and www.mbvans.com.
Accredited journalists can visit our media site at www.media.mbusa.com.
About NEED
The National Energy Education Development Project promotes an energy conscious and educated society by creating effective networks of students, educators, business, government and community leaders to design and deliver objective, multi-sided energy education programs. NEED works with energy companies, agencies and organizations to bring balanced energy programs to the nation’s schools with a focus on strong teacher professional development, timely and balanced curriculum materials, signature program capabilities and turn-key program management.
In 1980, The NEED Project began as a one-day celebration of energy education when National Energy Education Day was recognized by a Joint Congressional Resolution. In the same year, President Jimmy Carter issued a Presidential Proclamation stressing the need for comprehensive energy education in our schools, a reduction of our dependence of fossil fuels, and increasing use of renewable energy technologies and energy efficiency. In the 40 years since, NEED has created a portfolio of over 150 curriculum modules dedicated to renewable and nonrenewable energy sources, the science of energy, electricity, transportation, energy efficiency, conservation, climate change, and energy careers.
For more information, please visit www.Need.org.
About Pavegen
Pavegen is the global leader in harvesting energy and data from footfall. Our mission is to enable people to change the world for the better through the simple power of a footstep. Our patented technology connects people to sustainability and smart cities, creating powerful experiences which convert footsteps into off-grid energy, rich data, and rewards. We call this the internet of beings, making cities smarter with every step.
Pavegen supplies both permanent installations and experiential activations and we power off-grid applications such as games, lighting, and environmental monitoring. With embedded Low-Power Bluetooth connectivity, we can register the footsteps of individuals via our apps. When we combine this real-time footfall data with analytics, we create powerful insights into the behaviours of people interacting with our systems.
Founded in 2009 by Laurence Kemball-Cook, Pavegen has delivered 200 projects in 30 countries, working with iconic brands including Adidas, Coca-Cola, Heathrow Airport, Shell, and Westfield. Our latest projects include working with Transport for London and New West End Company to create the world’s first smart street and partnering with Google to create the world’s largest energy and data harvesting array in Berlin. Our model, the V3, won the 2017 Smart Cities Interactive Innovation award at South by Southwest and the 2018 UK PropTech award for social impact.
News Media Contact:
Lindsay Munson, Mercedes-Benz USA
201-573-2238
PHILADELPHIA--(BUSINESS WIRE)--Mr. Yossi Cohen, former Head of Israeli Mossad, the national intelligence agency of Israel, was appointed today as a Director at Doral Renewables LLC (Doral LLC), the U.S subsidiary of Doral Group, a leading Israeli renewable energy developer. Cohen will strengthen the company’s management team and will take an active part in promoting the company’s goals across multiple initiatives, including business development, financial matters, capital raising, and promoting partnerships and agreements with leading entities and companies in the energy sector.
Cohen's decision to join Doral LLC was made in light of Doral's dominance in the renewable energy space, and its contribution to combating global climate change. Considering the existing and potential strategic threat posed by global warming, Cohen acknowledges the need to further accelerate the development and deployment of renewable energy generation sources and innovative 'green' technologies to combat global warming.
Dori Davidovitz, Chairman of Doral Group: “We are proud of the appointment of Yossi Cohen, Former Mossad chief and Israel Prize winner, as a Director at Doral LLC. The company is undergoing significant growth, and we have no doubt that Yossi Cohen’s immense management experience shall greatly benefit and contribute to the company’s leadership efforts. Doral LLC’s existing portfolio of projects in development represents 3% of the U.S renewable energy goals and we will invest billions of dollars in the upcoming years to significantly increase this share. I have no doubt that Yossi will have a crucial impact on the company’s progress.”
Doral LLC (Formerly named Global Energy Generation LLC) was founded in 2019 as a joint venture between Doral Group and Clean Air Generation LLC. Doral LLC currently has over 3 GWdc of projects under development and 30,000 acres of land control, mainly in the Midwest and Mid-Atlantic U.S. The management team of Doral LLC includes experienced multidisciplinary individuals who have worked together for several years in the renewables industry. The company recently completed a monumental deal with the leading Israeli insurance firm, Migdal Insurance, in which Migdal agreed to invest a total amount of approximately $355 million in Doral LLC. The transaction included the acquisition of 20% of Doral LLC, extension of credit facilities and direct investments in projects.
Doral Group is a publicly traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue generating renewable energy assets. With over 6 GWdc under development, Doral Group is active, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 800MW(DC) + 1,500MW of storage facilities in Israel.
Media
Maya Ziv Wolf, Communications Manager
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Javier Cavada to remain on the board as non-executive director effective January 1, 2022
LONDON & MADRID--(BUSINESS WIRE)--#batterystorage--Highview Power, a global leader in long duration energy storage solutions, announced its executive succession plan with the appointment of Adrian Katzew, founder and former CEO of Zuma Energía, as the next CEO of the Highview Power global group of companies. Katzew will commence his role with Highview Power October 1, 2021, in the role of Deputy CEO and CEO Designate.
Image: Adrian Katzew
Working with the close support of Highview Power’s chairman, Colin Roy, and its current CEO, Javier Cavada, during a three-month transition period, Katzew will assume full leadership on January 1, 2022. At that time, Cavada will step down from his executive responsibilities but continue serving Highview Power as a non-executive director of the board. Cavada will also take on a new executive role with an outside organisation at that time.
“Adrian is a highly respected energy executive, who brings with him charismatic leadership, boundless energy, a wealth of varied experiences across several relevant sectors and a catalogue of personal successes and first-to-do achievements. Most relevant for Highview Power today, he has deep experience developing and building profitable, large-scale renewable assets,” said Roy. “It is in the nature of technology growth companies that they require different types of leaders for different stages of development. Now is the time for us to capitalise on our first-mover advantage as we build out the project pipeline, construct our plants – and expand the capabilities of the company across key global markets.”
“We are currently witnessing an unprecedented transformation of energy systems across the globe for renewable energy sources, and Highview Power’s long duration storage is a critical piece of the solution,” said Katzew. “Highview Power’s liquid air energy storage technology is positioned to be a catalyst for decarbonisation and to be one of the global energy storage leaders in driving energy transition forward. I am impressed by the Highview team and board and look forward to leading the company in this critical next phase.”
Katzew is a globally recognised leader in the renewable energy sector, having built organisations that have financed, invested, constructed, and operated large-scale renewable energy projects across more than 10 countries. He has also been an active promoter of public policy initiatives to further sustainable energy solutions. As founder and CEO of Zuma Energía, Katzew established the company as a leader in the Mexican renewable power sector. Katzew then oversaw the successful exit of Zuma by its owners, Actis and Mesoamerica.
Before Zuma, Katzew held senior positions at leading global companies in the renewable energy industry. At Vestas, he oversaw operations in Mexico, Central America and the Caribbean. At First Solar, Katzew was responsible for the commercial strategy in Europe, the Middle East and Africa, and at Banco Santander, he led global project and acquisition finance activity for the renewable energy sector.
Katzew earned his master's degree in business administration from Harvard University and an honours bachelor’s degree in economics from Wilfrid Laurier University in Canada.
“Javier has done an incredible job in establishing our unique technology and securing our first large commercial projects. He has been a critical part of our success and I am very pleased he will remain closely associated with Highview as a non-executive board member and tireless proponent of the company in the future,” said Roy. “Any company would be very fortunate to have secured a leader of Javier’s ability. We wish him great success in his new role.”
“It has been an honour to lead this company and bring it from R&D into full scale commercialisation. As the company moves into a stage of large growth, it is the perfect time for a leader who can capitalise on all the progress we have made, and I believe Adrian has the experience, skills and passion to take us there. I look forward to supporting him during the transition and beyond through my board position,” said Cavada.
About Highview Power
Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 50 MW/300MWh to more than 200 MW/2000MWh of energy and has a lifespan of over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power. For more information, please visit: http://www.highviewpower.com.
Media Contact Highview Power:
Wendy Prabhu, Mercom Communications
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+1 512 215 4452
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that Scott Sheffield, Chief Executive Officer, will participate in a fireside discussion at the Barclays CEO Energy-Power Conference on Thursday, September 9, at 8:35 a.m. ET.
The live presentation will be available to the public via webcast – click here. A few days after the presentation, an archived version of the webcast will be available by visiting Pioneer’s website at www.pxd.com, select ‘Investors,’ and then select ‘Earnings & Webcasts.’
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors-
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Media and Public Affairs-
Tadd Owens – 972-969-5760
DUBLIN--(BUSINESS WIRE)--The "Compressor Oil Market Research Report by Compressor Type, by End-Use Industry, by Base Oil, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Compressor Oil Market size was estimated at USD 10.36 Billion in 2020 and expected to reach USD 10.98 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 6.30% to reach USD 14.96 Billion by 2026.
Competitive Strategic Window
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Compressor Oil Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Compressor Oil Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Compressor Oil Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Compressor Oil Market?
4. What is the competitive strategic window for opportunities in the Global Compressor Oil Market?
5. What are the technology trends and regulatory frameworks in the Global Compressor Oil Market?
6. What is the market share of the leading vendors in the Global Compressor Oil Market?
7. What modes and strategic moves are considered suitable for entering the Global Compressor Oil Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/rx6xwm
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Project to Provide Enough Electricity to Power More Than 163,000 Homes, Avoiding 669,000 Metric Tons of Carbon Emissions Annually or More Than 145,000 Passenger Vehicles Driven over the course of One Year
SAN DIEGO & LOS ANGELES--(BUSINESS WIRE)--EDF Renewables North America (EDFR) and Clean Power Alliance (CPA) today announced the signing of a 15-year Power Purchase Agreement (PPA) for the Desert Quartzite Solar-plus-Storage project. The project, consisting of a 300 megawatt (MWac) solar project coupled with a 600 MWh battery energy storage system (BESS), is expected to begin delivery of clean electricity to CPA’s customers throughout Los Angeles and Ventura Counties in February 2024. The CPA Board of Directors approved the long-term contract during its September meeting.
The Desert Quartzite Solar-plus-Storage Project is located on unincorporated land in Riverside County, California, administered by the Federal Bureau of Land Management (BLM). The BLM designated this area as a Solar Energy Zone (SEZ) and Development Focus Area, land set aside for utility-scale renewable energy development. The project will utilize horizontal single-axis tracking solar photovoltaic (PV) technology; and is expected to create more than 800 construction jobs.
By coupling the solar facility with an energy storage solution, electricity produced during peak solar hours can be dispatched later in the day, thereby creating a balance between electricity generation and demand. Energy storage can further smooth electricity prices and provide grid stability in an environmentally friendly way.
“The clean reliable energy we will receive from the Desert Quartzite facility fits perfectly within our mission to improve the lives and environment of our customers and communities,” said Clean Power Alliance Executive Director Ted Bardacke. “Our Board has identified solar-plus-storage as being key to our continued growth and a means to further improve reliability for our millions of customers. This project will also create many more green jobs here in Southern California.”
“EDF Renewables is pleased to partner with Clean Power Alliance to supply affordable in-state solar energy to their growing customer base through the Desert Quartzite Solar-plus-Storage Project,” commented Sohinaz Sotoudeh, Senior Director, Origination & Power Marketing at EDF Renewables. “It is particularly satisfying to work with CPA, whose mission to empower communities with a choice for renewable power aligns with EDF Renewables’ ambition to help build a sustainable energy future. We are committed to helping CPA and other CCAs achieve their clean energy future through projects that also improve grid resiliency.”
The expected electricity generated at full capacity is enough to meet the consumption of more than 163,000 average California homes1. This is equivalent to avoiding over 669,000 metric tons of carbon (CO₂) emissions annually which represents the greenhouse gas emissions from more than 145,000 passenger vehicles driven over the course of one year2.
EDF Renewables, one of the largest renewable energy developers in North America, is committing to providing solutions to meet California’s carbon-reduction goals. With 35 years of experience and 20 gigawatts of wind, solar, and storage projects developed, EDF Renewables provides integrated energy solutions from grid-scale power to electric vehicle charging.
1 According to U.S. Energy Information Administration (EIA) 2019 Residential Electricity Sales and U.S. Census Data and typical transmission assumptions.
2 According to U.S. EPA Greenhouse Gas Equivalencies calculations and typical transmission assumptions.
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 and storage; and asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects. The Company’s PowerFlex subsidiary offers a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 20 GW of developed projects and 13 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 Clean Power Alliance
Founded in 2017, Clean Power Alliance is the locally operated electricity provider for 30 cities across Los Angeles County and Ventura County, as well as the unincorporated areas of both counties. CPA is the fifth largest electricity provider in California and the single largest provider of 100% renewable energy to customers in the nation. CPA serves approximately three million customers via one million customer accounts, providing clean renewable energy at competitive rates. To view CPA’s 2020 Impact Report, click here. For complete information regarding CPA visit cleanpoweralliance.org.
Sandi Briner, +1 858-521-3525
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Joseph Cabral, +1 213-442-8019
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SAN RAMON, Calif. & ST. LOUIS--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Bunge North America, Inc., a subsidiary of Bunge Limited (NYSE: BG), announced today a memorandum of understanding (MOU) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.
Upon finalization of the joint venture, Chevron and Bunge’s partnership would establish a reliable supply chain from farmer to fueling station for both companies. Bunge is expected to contribute its soybean processing facilities in Destrehan, Louisiana, and Cairo, Illinois, and Chevron is expected to contribute approximately $600 million in cash to the joint venture. Through the joint venture, the two companies anticipate approximately doubling the combined capacity of the facilities from 7,000 tons per day by the end of 2024. The joint venture would also pursue new growth opportunities in lower carbon intensity feedstocks, as well as consider feedstock pretreatment investments.
“As the world’s largest oilseed processor, we are pleased to expand our partnership with an energy industry leader to increase our participation in the development of next generation, renewable fuels. Together, we share a commitment to sustainability and reducing carbon in the energy value chain. This relationship with Chevron would enable Bunge to better serve our farmer customers by accessing demand in the growing renewable fuels sector,” said Greg Heckman, Bunge CEO.
Under the proposed joint venture arrangement, Bunge will continue to operate the facilities, leveraging its expertise in oilseed processing and farmer relationships to manage origination and marketing of meal and plant-based oil. Chevron would have offtake rights to the oil to use as renewable feedstock to manufacture diesel and jet fuel with lower lifecycle carbon intensity, in addition to providing market knowledge and downstream retail and commercial distribution channels.
“Through our commercial work with Bunge, we have come to appreciate their strong company culture, their strategic desire to advance the production of lower carbon fuels, their commitment to capital discipline and promotion of sustainable agriculture in their supply chains,” said Mark Nelson, executive vice president of Downstream & Chemicals for Chevron. “Chevron’s proposed joint venture with Bunge positions us to expand into the renewable fuel feedstock value chain, which will advance our higher returns, lower carbon strategy.”
The creation of the proposed joint venture is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
About Bunge Limited
Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri and has almost 23,000 employees worldwide who stand behind approximately 300 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy, Inc.; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, industry-specific taxes, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements
Cautionary Statement Concerning Forward-Looking Statements
This Bunge press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could cause actual results to differ from these forward-looking statements: the negotiation and finalization of the definitive documentation related to the joint venture; the ability to achieve the expected targets of the joint venture and the ability to realize the benefits we expect to derive from it; the outcome and effects of the Board’s strategic review; our ability to attract and retain executive management and key personnel; industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
Investor Contacts:
Roderick Green
Chevron
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Ruth Ann Wisener
Bunge Limited
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Media Contacts:
Tyler Kruzich
Chevron
925-549-8686
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Bunge News Bureau
Bunge Limited
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NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (the “Company”) (NYSE:FTI) (PARIS:FTI) announced today the sale of 17.6 million Technip Energies N.V. shares (the “Shares”) through a private sale transaction (the “Sale”) with HAL Investments, the Dutch investment subsidiary of HAL Holding, N.V (“HAL”). The sale price of the Shares in the Sale is set at €11.15 per Share, yielding total gross proceeds of €196.2 million. HAL has agreed to a lock-up of 180 days for its shares in Technip Energies.
Upon completion of the Sale, representing approximately 9.9% of Technip Energies’ issued and outstanding share capital (the “Share Capital”), TechnipFMC retains a direct stake of approximately 12.3% of Technip Energies’ Share Capital.
The Sale was conducted without a public offering in any country.
Settlement for the Sale will take place in two tranches. HAL will first acquire 8.6 million Shares from TechnipFMC, with settlement expected to take place in the coming days. Settlement for the remaining 9 million Shares is subject to HAL obtaining customary regulatory approvals and is expected early in the fourth quarter of 2021.
TechnipFMC is subject to a 60-day lock-up for its remaining shares in Technip Energies that expires on October 2, 2021, subject to waiver from the Joint Global Coordinators involved in the previous private placement and certain other customary exceptions. The Joint Global Coordinators granted a waiver solely for the purpose of the Sale. The 60-day lock-up for TechnipFMC remains in effect in all other respects.
Important Notices
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Important Information
This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
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James Davis
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Media relations
Nicola Cameron
Vice President, Corporate Communications
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Catie Tuley
Director, Public Relations
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TIVAT, Montenegro--(BUSINESS WIRE)--New Economy Observer (NEO) today announces the full launch of its digital media platform covering the present and future of sustainability and investment, bringing fresh stories and perspectives from contributors around the globe to illuminate the issues shaping tomorrow’s world amid the transition to a sustainable, low-carbon economy.
Led by long-time Bloomberg reporter and energy specialist Stephen Bierman, NEO serves an audience of retail and institutional investors, financial institutions and corporates as well as general public readers looking for fresh news and sharp analysis on sustainable business and investing.
NEO’s energy section focuses on major petroleum producers in transition, the growth of investment in alternative energy sources such as wind and solar, as well as hydrogen and other new “clean commodities”. Other cornerstone themes include investor shifts to ESG assets, sustainable lending, breakthrough tech in consumer industries, and even the exploration of outer space, plus an opinion section that welcomes guest contributions. NEO also has a focus on the growth markets shaping the future of the global economy – such as China, Russia and India – as the so-called “emerging market” category is replaced by greater integration and a global context.
Editor Stephen Bierman brings two decades of experience from Bloomberg News and other publications, with a particular focus on energy. He is supported by a group of contributors including seasoned and aspiring journalists and researchers from around the world.
NEO launched in beta in early 2020 amid the outbreak of the coronavirus pandemic as a digital publication covering investments in the energy transition, the rollout of “green” technologies across industries, and trends in the global pivot to sustainability.
The publication is accredited with Google News and Factiva and also has a content-sharing agreement with BNE Intellinews, a business publication focusing on compelling investment stories from markets across Eurasia, MENA and Africa.
NEO can be found online here and on Twitter, Facebook and Medium
Stephen Bierman
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SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, announced today that it has further extended its market penetration with the installation of new charging stations at AMC Theatres in Georgia. The exact address of these charging stations is 825 Lawrenceville-Suwanee Rd, Lawrenceville, Georgia 30043.
Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building open-network charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.
The new charging stations at AMC Theatres further Volta’s mission to build convenient, simple and delightful charging infrastructure that is seamlessly incorporated into a driver’s everyday experience.
About Volta
Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
Goodman Media International, Inc.
Sabrina Strauss
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INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is pleased to announce it has significantly expanded the electrification testing capabilities at its Vehicle Environmental Test Center, which will be rebranded as the Vehicle Electrification and Environmental Test Center (VE+ET).
The branding has evolved to better represent the extensive capabilities of the facility, as well as the manner in which Allison engineers, external partners and clients are leveraging the facility. Located on the campus of Allison Transmission’s global headquarters in Indianapolis, the Vehicle Electrification and Environmental Test Center is the only one of its kind in the Midwest, offering a truly unique set of capabilities. The state-of-the-art facility offers a wide range of repeatable, reliable and seasonally- independent vehicle electrification testing.
“Recognizing the value of this unique resource, and considering Allison’s extensive knowledge of battery management and system level integration, Allison engineers, along with our OEM partners are leveraging the Vehicle Electrification and Environmental Test Center to facilitate electric vehicle development and validation programs,” said Branden Harbin, Executive Director of Global Marketing at Allison Transmission. “These engagements are an opportunity to support the continued development of fully electric propulsion solutions, as well as deepen and develop partnerships with established OEMs and new entrants.”
Opened in 2020, the 60,000-square-foot VE+ET Center houses a hot soak chamber, a cold soak chamber, and two chassis dyne-equipped environmental chambers capable of simulating a broad range of duty cycles. Environmental conditions from negative 54 degrees to positive 125 degrees Fahrenheit, altitudes up to 18,000 feet, as well as grades and other on-road conditions can be simulated within the facility. A recently added thermal feature simulates solar radiant heat to support HVAC testing.
The two testing chambers can accommodate most commercial on-highway, off-highway, and wheeled defense vehicle applications, in addition to automotive passenger vehicles. Testing is applicable for a wide-range of propulsion systems, including conventional powertrains, alternative fuel, electric hybrid, fully electric and hydrogen fuel cell vehicles.
As the demand increases to test and validate larger battery electric vehicles, Allison extended the test center’s Battery Emulation capability to accommodate above 500 kilowatts with a maximum of 900 volts DC. This allows for around the clock testing without the need to stop and recharge, resulting in more testing completed in a shorter timeframe. Battery emulators are ideal for battery replacement during test, modified state of charge, and/or any additional DC load on vehicles. In addition, the Vehicle Electrification and Environmental Test Center offers commercial fast charging capabilities at 150 kilowatts, furthering development in preparation for tomorrow’s fleets.
“Allison was proud to announce the expansion and rebrand of the Vehicle Electrification + Environmental Test Center for the first time at the Advanced Clean Transportation Expo,” said David Proctor, General Manager, Allison Vehicle Electrification + Environmental Test Center. “The services available at the facility allow OEMs to push their development dollars further while reducing design and discovery time, simplifying the process to help them get to market faster.”
For more information on the VE+ET Center, please visit allisontransmission.com/VEET.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Claire Gregory
Director, Global External Communications
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(317) 694-2065
New battery and energy management system helps operators save money and improve resilience
TORRANCE, Calif.--(BUSINESS WIRE)--As the U.S. Congress prepares to pass an infrastructure bill allocating $7.5 billion to electric vehicle (EV) charging, Tritium and Electric Era are partnering to deploy an energy storage system with direct current (DC) fast charging technology to provide an innovative way to deploy resilient charging infrastructure. Tritium has provided their RT175-S charger for integration with Electric Era’s PowerNode™ high-power stationary energy storage system to help site owners and operators achieve greater cost savings, more site resilience and accelerated build timelines.
“We are excited to work with Tritium because we believe equipping fast chargers with the best storage technologies will speed up the deployment of charging infrastructure, accelerate electric vehicle adoption, and ultimately reduce emissions,” said Quincy Lee, CEO of Electric Era. “Through our system we hope to incentivize more businesses to deploy electric vehicle chargers on their lots to help build a more robust infrastructure network.”
The Electric Era system prioritizes the use of stored energy within its battery management system to charge EVs, instead of defaulting to electricity solely from the grid. The system’s management platform uses a proprietary algorithm to monitor charging demand against the cost of grid and battery-stored energy, providing site owners and operators the opportunity to reduce power by 50 percent and operating costs by up to 30 percent through cost effective power delivery to EVs and a greater opportunity to leverage demand response events and peak shaving.
“By integrating Tritium DC charging solutions with innovations like Electric Era’s battery and management system, we can help increase uptime and help charging site owners increase their return on investment with higher energy output and lightning fast charging times,” said Mike Calise, President of Americas at Tritium. “Battery storage systems can increase site capacity by up to 50 percent without extensive site and grid upgrades, a win-win for both our customers and EV drivers.”
Tritium continues to expand globally with new high-powered installations in California, Maryland, and New York in the U.S. as well as Italy, Monaco, Australia, and other countries. The company’s small footprint, sealed enclosure, and liquid cooled DC fast charging technology can reduce total cost of ownership by up to 37 percent over 10 years compared to air-cooled systems. This can enable greater profitability for charge point operators and offers EV drivers an easy and convenient charging experience.
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium's compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2021.
For more information, visit tritiumcharging.com.
About Electric Era
Electric Era designs and manufactures energy storage systems for fast charging stations. The company was founded in 2019 to enable the rapid electrification of transportation’s power supply to facilitate widespread electric vehicle adoption. Electric Era is rewriting the conventions of EV charging infrastructure with its leading energy storage technology that provides the high-power necessary for DC Fast Charge sites while offering the lowest price, smallest footprint, and longest cycle life
To learn more, visit electriceratechnologies.com.
Tritium Media Contact:
Sarah Malpeli
408-806-9626 ext 6840
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Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
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Electric Era Media Contact
Ryan Schleifman
(732) 887-7704
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Twitter: https://twitter.com/electriceratech
LinkedIn: https://www.linkedin.com/company/electric-era
Navis will resume in-person user conference October 24-27, 2022
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain, has postponed its hallmark event, Navis World, originally scheduled for Nov. 1-4, 2021.
Due to the Delta variant of COVID-19 and the restriction on international travel to the United States, the event has been rescheduled for Oct. 24-27, 2022 at the Palace Hotel in San Francisco. In lieu of the in-person conference that brings together industry movers and shakers from around the world to showcase industry technology trends and Navis’ strategy and vision for the future, the company will host a virtual event, ‘Navis Connect’, on Nov. 9-11, 2021.
“Our customers and employees have made many sacrifices and overcome many challenges over the last 17 months, and we were hoping to celebrate that with an in-person return of our highly anticipated Navis World 2021,” said Benoit de la Tour, President of Navis. “Out of an abundance of caution, we made the unfortunate but necessary decision to hold off for one more year and continue to prioritize the health and safety of our customers. We look forward to showcasing many of the scheduled themes and sessions through Navis Connect as well as moving forward with our Inspire Awards, which will give recognition to our incredible roster of customers who continue to change the face of our industry, even in the most tumultuous of times. We hope to see everyone online in November and in person in 2022.”
Details are still being finalized for Navis Connect, a virtual conference that will be an abridged version of Navis World, with a mix of big picture trends as well as updates to Navis vision, insights and interactive sessions on Navis Cloud and product development initiatives, following the company’s acquisition by Accel-KKR earlier this year. The event will be held to accommodate customers in different time zones and the full agenda, list of speakers and registration details will be announced later in September.
For more information visit navisconnect.navis.com.
About Navis, LP
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.
About Accel-KKR
Accel-KKR is a technology-focused investment firm with over $10 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Best Private Equity Firms for Entrepreneurs”, its annual list of founder-friendly private equity firms. Accel-KKR is headquartered in Menlo Park with offices in Atlanta and London. Visit accel-kkr.com to learn more.
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
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Katie Vroom
Gregory FCA
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DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Global Industry Guide - Market Summary, Competitive Analysis and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Renewable Energy industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Scope
Reasons to Buy
Key Topics Covered:
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Competitive Landscape
2 Introduction
3 Global Renewable Energy
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
4.2. Renewable Energy in Asia-Pacific
4.3. Market Data
4.4. Market Segmentation
4.5. Market outlook
4.6. Five forces analysis
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/tziv42
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NORMAN, Okla.--(BUSINESS WIRE)--#CAISO--PCI, the leading provider of secure and reliable enterprise software for energy companies, announced today that Tacoma Power (a division of Tacoma Public Utilities) is now live on its energy trading and risk management (ETRM) platform for power scheduling and trading operations.
Tacoma Power selected PCI to deploy multiple enterprise cloud solutions as part of its organizational roadmap to join the Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator (CAISO).
During a multi-phase project, PCI implemented its integrated platform to replace Tacoma Power’s legacy ETRM solution that presented scalability and integration challenges. PCI’s solution seamlessly communicates across various business functions and departments providing a holistic view of all energy trading activities. Comprehensive functionality for the front, middle, and back-office, along with the state-of-the-art e-Tagging capabilities were significant project success factors.
The PCI Platform is utilized to support:
“This go-live represents a major milestone for Tacoma Power on its path to joining the CAISO WEIM next year,” said Shailesh Mishra, PCI Vice President. “Close collaboration between our teams resulted in an on-time and on-budget delivery.”
The PCI ETRM Platform is an integrated solution set that provides benefits to various types of energy entities. Its flexible architecture offers feature-rich reporting, data extraction, system integration, and business process automation, while its cloud-native e-Tagging solution provides customers with an innovative user experience and enhanced productivity in full compliance with NERC requirements for today’s real-time trading operations.
About Tacoma Power
Tacoma Power provides electric service to the city of Tacoma, Fircrest, University Place, Fife, parts of Steilacoom, Lakewood, Joint Base Lewis-McChord, and unincorporated Pierce County as far south as Roy. That’s nearly 179,000 customers. View a more detailed map of our service territory and others who serve around us. We have been publicly owned since 1893, are a division of Tacoma Public Utilities and are governed by a five-member Public Utility Board. For more information, visit https://www.mytpu.org/.
About PCI
PCI is the global provider of energy trading software, superior customer support, and value-added services for energy companies. Founded in 1992, PCI continues to refine and develop new solutions that meet the ever-evolving needs of its clients, including investor-owned, municipal, and cooperative utilities, renewable energy companies, energy marketers and traders, and independent power producers. PCI optimizes more than half the power generated in North America, and more than 70% of Fortune 500 Utilities in the U.S. are PCI customers. The firm is privately held and based in Norman (OK), with regional offices in Houston (TX), Raleigh (NC), and Mexico City (Mexico), and Sydney (Australia). To learn more, please visit http://www.powercosts.com/.
Stuart Wright
Power Costs, Inc. (PCI)
303-917-3565
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