WASHINGTON & CHICAGO--(BUSINESS WIRE)--Nodal Exchange and IncubEx announced today the upcoming launch of ten new Renewable Energy Certificate (“REC”) futures and options contracts, adding to the world's largest suite of environmental products.
Pending regulatory review, Nodal will list the following first-ever listed futures and options on September 8, 2021:
Each NAR CRS Wind and Solar contract represents renewable energy produced from North American Renewables Registry™ (“NAR”) registered facilities listed with the Center for Resource Solutions (“CRS”) in connection with the administration of its Green-e® certification programs. These Wind and Solar REC contracts complement existing voluntary REC products on Nodal. These include Texas Compliance Wind and Solar RECs from CRS Eligible Listed Facilities and M-RETS® RECs from CRS Listed Wind Energy Facilities.
Nodal will also list new REC futures and options contracts from Maine, Maryland and California, which reflect evolving state based Renewable Portfolio Standards (RPS). Maine Class 2 REC futures and options complement the existing Maine Class 1 products on Nodal as well as the broader NEPOOL REC suite. Maryland Tier 2 REC futures and options complement the existing Maryland Tier I contracts as well as the broader PJM REC product complex. California PCC 3 RECs are the first exchange listed REC futures contracts in California and complement the existing Nodal Exchange California Carbon Allowance (“CCA”) contracts and California Low Carbon Fuels Standard (“LCFS”) credits contracts, which are the only physically delivered futures for LCFS credits.
IncubEx and Nodal will also extend vintages on Texas CRS Wind REC contracts out to 2033, and New Jersey Solar REC contracts out to 2030.
“There is a rapidly-expanding number of corporations, energy companies, project developers, asset managers and others looking to increase purchases of renewable energy as part of their net zero and 100% renewable goals," said Dan Scarbrough, President and COO of IncubEx. “States are also continuing to implement more robust renewable portfolio standards and these new contracts were designed based on feedback and in response to these market drivers.”
Texas CRS Wind and Texas CRS Solar REC contracts are the most successful hybrid compliance/voluntary REC contracts ever listed. Combined, open interest has topped 25,000 contacts (equivalent to more than 25 million MWh of renewable energy) on Nodal, with more than 50,000 contracts traded since their respective launches in December 2019 and November 2020.
"The new REC futures and options on Nodal represent the growing momentum behind environmental markets and their increasing importance across broader energy markets," said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. "Open interest on Nodal environmental markets is now over 145,000 contracts. We see more participants gravitating to Nodal’s listed environmental products for the risk management efficiencies offered by Nodal Exchange and Nodal Clear. We will continue to build and expand these markets with the strong support from our customers."
With the launch of these new contracts, Nodal builds upon the world’s broadest suite of environmental futures and options contracts, which now features 96 distinct products.
ABOUT INCUBEX
IncubEx is an incubator for exchange traded products, services, and technology solutions. At its core, IncubEx is a product and business development firm. The company works in conjunction with its global exchange partner, European Energy Exchange (EEX), Nodal Exchange and other leading service providers and stakeholders to design and develop new financial products in global environmental, reinsurance, and related commodity markets. The company has a specific focus on innovation and continuous improvement of products and services, including technology, trading solutions, and operational efficiencies. The IncubEx team is led by former key Climate Exchange executives and is uniquely positioned to capture these opportunities with its partners. The company was founded in 2016 and currently has offices in Chicago and London.
ABOUT NODAL
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
IncubEx
Jim Kharouf
IncubEx Communications Director
P: 773-391-0439
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Nodal
Nicole Ricard
Nodal Exchange Public Relations
P: 703-962-9816
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SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (NYSE: CAI) (“CAI” or the “Company”), one of the world’s leading transportation finance companies, announced today that CAI’s Board of Directors declared a cash dividend of $0.30 per common share payable on September 27, 2021 to shareholders of record as of September 10, 2021.
About CAI International, Inc.
CAI is one of the world’s leading transportation finance companies. As of June 30, 2021, CAI operated a worldwide fleet of approximately 1.9 million CEUs of containers. CAI operates through 13 offices located in 12 countries including the United States.
Additional Information and Where to Find It
This communication relates to the proposed merger involving the Company. In connection with the proposed merger, the Company filed a definitive proxy statement on Schedule 14A, dated August 4, 2021 (the “Definitive Proxy Statement”), and other documents related to the proposed merger, including a form of proxy, with the U.S. Securities and Exchange Commission (the “SEC”) on August 4, 2021 and will file or furnish other relevant materials with the SEC. The Definitive Proxy Statement and a form of proxy were first mailed or otherwise furnished to the stockholders of the Company on August 4, 2021. BEFORE MAKING ANY VOTING DECISION, THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT IN ITS ENTIRETY AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE IN THE DEFINITIVE PROXY STATEMENT, IF ANY, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER AND THE PARTIES TO THE PROPOSED MERGER. This communication is not a substitute for the Definitive Proxy Statement or any other document that may be filed by the Company with the SEC. Investors and stockholders are able to obtain the documents free of charge at the SEC’s website, http://www.sec.gov, and the Company’s website, www.capps.com. In addition, the documents may be obtained free of charge by directing a request by mail or telephone to: CAI International, Inc., Steuart Tower, 1 Market Plaza, Suite 2400, San Francisco, California 94105, Attention: Secretary, (415) 788-0100.
Participants in the Solicitation
The Company, Mitsubishi HC Capital Inc. (“Parent”) and certain of their respective directors, executive officers, certain other members of management and employees of the Company and Parent and agents retained by the Company may be deemed to be participants in the solicitation of proxies from stockholders of the Company in favor of the proposed merger. Information about directors and executive officers of the Company and their beneficial ownership of the Company’s common stock is set forth in the Definitive Proxy Statement, as filed with the SEC on August 4, 2021. Certain directors, executive officers, other members of management and employees of the Company may have direct or indirect interests in the proposed merger due to securities holdings, vesting of equity awards and rights to other payments. Additional information regarding the direct and indirect interests of these individuals and other persons who may be deemed to be participants in the solicitation was included in the Definitive Proxy Statement with respect to the proposed merger the Company filed with the SEC and furnished to the Company’s stockholders.
CAI International, Inc.
David Morris
Vice President, Chief Accounting Officer
Tel: +1-415-624-8104
Recognition of partners just one of many ways Exelon encourages DEI practices
CHICAGO--(BUSINESS WIRE)--As part of its ongoing commitment to diversity, equity, and inclusion (DEI), Exelon named 38 companies to its 2021 DEI Honor Roll, which recognizes partners in banking, insurance, IT services, legal, professional services and investments for their efforts to include women and people of color in key roles on Exelon’s account teams, as well as additional efforts that recognize the value of DEI. Exelon continually improves its own diversity, equity and inclusion programs, and last year added two new categories, Investments and Legal, to the combined DEI Partnership Program, recognizing a broader scope of firms that support diversity in their day-to-day interactions with the company.
“We know that a diverse workforce creates a stronger, nimble and more innovative company because of the wide range of experiences employees bring to the table,” said Bridget Reidy, executive vice president and COO, Exelon. “By working with partners who share our core values of DEI, we have the opportunity to not only encourage their efforts but gain new best practices.”
This year’s honorees are:
“At SMBC, we are deeply committed to maintaining a workplace culture that demonstrates inclusivity, equity, and diversity in everything we do. We are especially proud of being recognized once again this year and for joining many organizations who share and embrace the same values,” said Howard Tiegel, Managing Director, Chief Human Resources Officer, SMBC, the partner with the most robust DEI efforts of those on this year’s list. “We are honored to be included within Exelon’s Diversity, Equity and Inclusion Honor Roll for the fourth consecutive year – a true testament to the commitment and engagement of our employees, leadership, and the contributions and impact of our diversity and inclusion programs.”
Additionally, business partner and financial consulting firm Duff & Phelps was recognized as “Most Improved” because of its significant efforts over the past year to increase female and minority representation on the account teams working with Exelon; notably, several women hold leadership positions on the Duff & Phelps team.
In 2021, Exelon was named to DiversityInc’s list of the Top 50 Companies for Diversity and Inclusion, Forbes list of Best Employers for Diversity as well as the Forbes and JUST Capital’s list of America’s Most Just Companies. Exelon is a member of the Billion Dollar Roundtable Inc., an organization that promotes corporate supplier diversity excellence. Exelon spent $2.7 billion with diverse suppliers across its enterprise in 2020. Additionally, 84 percent ($46 million) of Exelon’s philanthropic funding last year supported programs and initiatives focused on diversity, equity and inclusion.
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with 31,500 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than three-fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Elizabeth Keating
Corporate Communications
312-394-4111
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MOSCOW--(BUSINESS WIRE)--Previously, a set of SZS series gas-fired steam boiler provided by ZOZEN Boiler to AO NAVOIYAZOT, a large chemical enterprise in Uzbekistan, has been running smoothly for about one year.
NAVOIYAZOT is a large chemical enterprise in Uzbekistan, engaged in the processing of natural gas into mineral fertilizers, the production of chemicals. In the process of producing mineral fertilizer, it is necessary to mix with hot water. Constant temperature reaction, granulation, drying and other links in the high-pressure reaction kettle cannot be separated from the stable heat source provided by the industrial boiler.
ZOZEN SZS series gas-fired steam boiler adopts reasonable D-type arrangement of full-membrane wall structure, and all convection tube bundles in high-temperature area adopt anti-vibration fasteners, so that the fracture problem of convection tube bundles is solved. The high-temperature resistant stainless steel CR25ni20 is adopted between the membrane walls, so that the flue gas short circuit is avoided to a certain extent. In the production process of ZOZEN Boiler, every detail condenses the quality and ingenuity of ZOZEN people, and this is also an important guarantee for ZOZEN Boiler to go to the World.
In order to further improve the energy-saving effect, a condenser and economizer can be installed at the end of the boiler to fully recover the sensible heat of the flue gas and latent heat of steam condensation, the thermal efficiency can reach over 98%. At the same time, good quality alumina silicate fiber and fire clay insulation is used, boiler body temperature is controlled below 45℃, to reduce heat lost. The above methods ensure the energy saving and high efficiency of the boiler.
With its own performance advantages and strong service network, ZOZEN Boiler is favored by users in Russia, Turkmenistan, Moldova and many other Russian-speaking countries. ZOZEN Boiler has become one of the trustworthy industrial boiler brands.
Company Profile:
After more than 30 years' development and accumulation, ZOZEN Boiler has built a complete R&D system, and realized the technological standards of digital blanking, automatic welding and mold assembly to ensure the quality and safety of boiler products. At the same time, ZOZEN Boiler also focuses on training the technical team that specializes in serving Russian-speaking countries and regions to provide a complete set of boiler solutions.
Jennifer Zhou
TEL:0086-510-68530066
Mobile phone: +8613506150756 (same as the WhatsApp account)
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Website: https://ru.zozen.com
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective January 1, 2021.
“The sale of our Denmark asset enables us to further focus our portfolio and strengthen our cash and liquidity position,” CEO John Hess said. “Proceeds will be used to fund our world class investment opportunity in Guyana.”
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information is available at www.hess.com.
Cautionary Statements
This news release contains “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. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. These forward-looking statements may include, without limitation, the expected timing and completion of the proposed sale and use of proceeds. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: the ability of our contractual counterparties to satisfy their obligations to us, the ability to satisfy the conditions to the proposed sale; contract and other laws, regulations and governmental actions applicable to our business; and other factors described in the Risk Factor section in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and any additional risks described in our other filings with the Securities and Exchange Commission. As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.
Investor:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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DUBLIN--(BUSINESS WIRE)--The "Global Solar Pump Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This research analyzes the global solar pumps market and provides information about total market revenue by analyzing key regions.
The study discusses major trends and the prevailing scenario across all regions. Demand for PV modules is rising as economies of scale can be achieved through their usage. Given the need to achieve optimization and adhere to emission regulations, significant market opportunities will arise for solar pump vendors.
The base year is 2020 and the forecast period runs through to 2025. Besides geographic segmentation, the study discusses the deployment of solar pumps in end-user sectors such as agriculture, power, water and wastewater, and food and beverage. Market growth drivers and restraints are examined along with the revenue share of the top participants. The study also offers recommendations that companies can act on to leverage the growth opportunities the market offers.
The publisher observes that modern pumps can address many of the shortcomings of earlier models; for instance, performance limitations in terms of the pumps being used only if the water source was close to the surface. New pump models have been able to eliminate these drawbacks.
Although reduced investments have impacted the market, the rising demand and the associated savings will result in increased deployment, especially in rural off-grid areas. Solar pumps also serve as a cleaner alternative to fossil fuel-driven pumps; moreover, these pumps play a key role in terms of regions' ability to meet potable water requirements and are an integral part of infrastructure-building activities in developing countries (water supply to communities, livestock, and irrigation, for example).
One of the main advantages of solar pumps is that they can be easily installed in areas with high solar insolation, including the developing countries of Africa, Latin America, Asia, and Southeast Asia. The ability to customize (by adding PV panes) to meet the growing need for power makes solar pumps ideal for use in these countries. On average, these pumps last for close to 8 years and incur nominal costs over their lifetime.
Key considerations when making a purchase decision include total dynamic head, design flow rate, and storage. A challenge seen across many regions is the lack of regulations, which results in counterfeit products.
Key Issues Addressed
Growth Opportunity Analysis
Growth Opportunity Universe, Solar Pumps Market
Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/uxec0r
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Discussion Aims to Shine a Light on ESG and Reducing Methane Emissions
HOUSTON--(BUSINESS WIRE)--#ESG--Validere (validere.com), a leader in bringing product data transparency to the oil and gas industry, announced today that several members of its leadership team will be featured speakers and panelists at the upcoming Energy Dialogues City Series in Houston and New York. The Energy Dialogues City Series brings together subject matter experts, policy makers, socio-environmental representatives, and C-level leaders with policy level expertise from all stages of the energy value chain to connect and form partnerships through in-depth discussion of the energy market’s role in the economy and the world at large.
Kayla Ball, senior vice president of Product for Validere, will participate in the geographically specific event on Tuesday, August 31 in Houston. Ball, who has decades of expertise in the oil and gas industry, collaborates with Validere’s product team to build and deliver platform solutions in partnership with customers that solve some of the most complex challenges the industry faces. In addition, Validere’s Vice President of Strategy, Mark Le Dain, who leads Validere’s strategic positioning and partnerships, will speak on a panel at a virtual event in New York City on September 23. Validere’s co-founder and CEO Nouman Ahmad will also participate in both workshop sessions - both virtual and live.
Both Ball and Le Dain will focus on the changing landscape of methane reduction targets as a part of ESG requirements and discuss how federal methane rules and market demand will impact the imperative to curb emissions in the U.S. and across the globe. They will also discuss how the use of advanced cloud-based data and analytic technologies is having an impact on the efficiency and operations of the end-to-end supply chain across the oil and gas industry.
“We need metrics to be put in place to accurately and meaningfully report on methane emissions and to find solutions and a global approach to measuring and reporting,” said Le Dain. “I look forward to being a part of the Energy Dialogue City Series in New York to discuss the digital transformation that the energy industry is undergoing as we begin to implement advanced technologies such as big data, automation, IoT and machine learning. All of these technologies will certainly have an impact on our energy transition as we also move towards evolving and implementing regulations.”
“Oil and gas have been a late adopters of digitization, and Validere is on a mission to transform the global energy sector,” said Ball. “The $40-trillion global trade of oil and gas is hampered by disparate and siloed product data, resulting in hidden economic losses and environmental waste. Validere has built the industry’s first Product Data Cloud to provide real-time commodities inventory intelligence that results in greater efficiency, higher margins, and lower emissions. We are excited to share how customers are utilizing our advanced cloud-based technology to address regulations, governance and also make a difference in their bottom line.”
Energy Dialogues’ high-level forums, meetings, and roundtables are strategically planned to fuel debate, discussion, and information exchange. Participating energy leaders and experts at all levels find hands-on solutions and stay at the forefront of industry developments, not only benefiting the industry, but ultimately influencing global solutions amid ongoing energy transition.
If media or other influencers are interested in meeting with Validere at the Energy Dialogues City Series, or discussing Validere’s focus please contact Ben Tao.
About Validere
Validere provides the only product data cloud for the oil and gas industry. Its platform delivers real-time visibility into the true composition and quality of oil and gas that enables organizations to identify operational efficiencies, make the highest-margin trading decisions, and drive tangible ESG improvements. With more than 40 of North America’s leading energy companies relying on Validere’s insights, it is transforming the world’s largest supply chain by making critical product quality data accessible and actionable.
Ben Tao
Validere
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512-507-5751
Erin Farrell Talbot
Farrell Talbot Consulting
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917-232-9309
Bringing more than 53 years of shipping and returns management experience through the merger of Unifaun, Consignor and Returnado, nShift will unite under leadership of Lars Pedersen as new CEO
LONDON--(BUSINESS WIRE)--nShift (www.nshift.com), global provider of cloud delivery management solutions for e-commerce shops, retailers, manufacturers and 3PL companies, announces its launch.
With over 100+ pre-built third-party integrations into e-commerce and other shippers’ most critical IT systems and an unmatched carrier library delivering connectivity into over 700+ carriers, nShift offers customers an end-to-end cloud platform to automate and optimize the entire delivery management process – from label creation to delivery tracking and last mile logistics to returns management. nShift’s solutions have successfully enabled almost 1 billion annual shipments globally for e-commerce shops, retailers, manufacturers and 3PL companies. Through its extensive carrier library, nShift has unparalleled shipping visibility and reach, unlocking significant scalability for its customers – from 1 to millions of shipments annually – across the globe.
“I am extremely honored and excited to be joining nShift at such a pivotal time in its growth,” said Lars Pedersen, who was recently appointed CEO of nShift. “While our name is changing, we are more committed than ever to continuing to provide the vital connectivity in delivery management, visibility, and efficiency for which our 90,000+ customers rely on us. We are thrilled to announce our new brand together with our latest e-commerce innovations, nShift Checkout and nShift Return (formerly known as Returnado). Our platform enables customers to worry less and ship smarter with up to 10-20% higher e-commerce-shop conversions, 60% fewer delivery related support calls, and 30% increase in repurchase rates on returned products.”
Through the acquisition of Returnado, a Stockholm-based e-commerce returns management provider, nShift adds critical technology to its cloud delivery management platform with a streamlined return process for shippers, carriers, and recipients. Returnado’s returns expertise spans marquee brands such as Helly Hansen and Asket and demonstrates its significant capabilities to serve a very complicated portion of the logistics value chain.
Marlin Equity Partners and Francisco Partners, two of the world's leading technology investors, will remain the majority stakeholders in nShift.
Peter Chung, a Managing Director at Marlin Equity Partners, said, “We are excited to continue delivering against the nShift mission of enabling our customers to worry less and ship smarter via the Company’s collective scale and breadth of its consolidated, end-to-end cloud delivery management platform. Today, e-commerce and other shippers have a singular platform from which they can eliminate geographical barriers to growth and drive supply chain efficiency and visibility all while improving the overall delivery experience for constituents across the logistics value chain.”
Petri Oksanen, a Partner at Francisco Partners, added, “This is an exciting step forward and the beginning of the next chapter of transformational growth for nShift. With the recent acquisition and integration of Returnado, we are in a position now more than ever to continue to deliver the very best solutions for our customers and help them solve first-to-last mile logistics challenges, deliver tangible cost savings, and drive innovation in our industry.”
About nShift (www.nshift.com)
Established in 2021, nShift is the global leading provider of cloud delivery management solutions enabling the frictionless shipment and return of almost 1 billion shipments across 190 countries. nShift’s software is used globally by e-commerce, retail, manufacturing and 3PL shippers. The company is headquartered in London and Oslo. It has over 450 employees across offices in Sweden, Finland, Norway, Denmark, United Kingdom, Poland, the Netherlands, Belgium, Romania and Switzerland.
Stakeholders
About Marlin Equity Partners (www.marlinequity.com)
Marlin Equity Partners is a global investment firm with over $7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 170 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London.
About Francisco Partners (www.franciscopartners.com)
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $25 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.
Companies Which Have Merged to Form nShift (note - all now rebranded as part of nShift with immediate effect)
About Returnado
Returnado is a Swedish e-commerce returns management platform launched in 2016. Returnado’s solutions optimize the “reverse e-commerce” returns process for retailers and consumers, and provides real-time analytics enabling customers to achieve 30%+ repurchase rates.
About Unifaun
Unifaun provides innovative delivery management solutions to carriers, shippers, and parcel recipients across the European transportation ecosystem. With an extensive partner ecosystem and carrier library, Unifaun enables customers to efficiently deliver almost 300 million shipments annually. Unifaun has over 200 employees across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Poland.
About Consignor
Consignor supports customers across the delivery processes by making it simpler, quicker, and cost-effective to ship orders to customers and by making delivery a competitive advantage. Consignor provides delivery management solutions, enabled through a wide-ranging carrier library, connecting shippers’ websites and warehouses with their customers. Consignor has more than 170 employees across offices in Oslo, Stockholm, Helsinki, Copenhagen, Aarhus, Bucharest, and London.
For international media enquiries please contact:
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RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Riggs Distler & Company, Inc. (Riggs Distler), a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree), on its sale to Centuri Group, Inc. (Centuri), a wholly-owned subsidiary of Southwest Gas Holdings, Inc. (NYSE: SWX; SWGH). Riggs Distler is a leading provider of power and utility services throughout the Northeast and Mid-Atlantic regions of the United States. Under the terms of the transaction, Centuri acquired a 100% ownership interest in Riggs Distler for $855 million. The transaction was led by Drew Spitzer, Matt White, Greg Waller, Thomas Saunders and Phil Hart of the Harris Williams Energy, Power & Infrastructure (EPI) Group.
Riggs Distler, based in Cherry Hill, New Jersey, is one of the largest utility contractors in the Northeast and Mid-Atlantic regions of the United States. The company has established itself as a leading provider of turnkey network and infrastructure maintenance, repair and upgrade solutions, with a focus on critical electric and gas services for clients in the power, industrial and utility industries. The company also sits at the forefront of several energy transition megatrends, with capabilities in smart meters, energy storage, EV charging infrastructure and renewables. In addition to its turnkey solutions for utility providers, Riggs Distler is the only provider in the region with a full suite of civil, mechanical, electrical and fabrication capabilities.
Oaktree is a leader among global investment managers specializing in alternative investments, with $156 billion in assets under management as of June 30, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide.
Centuri is a comprehensive utility infrastructure services enterprise dedicated to delivering a diverse array of solutions to North American gas and electric providers. Through sound investment, shared services, and an unwavering commitment to the safety of its employees and the communities it serves, Centuri supports the performance of its operating companies throughout the U.S. and Canada. Centuri is a subsidiary of Southwest Gas Holdings, Inc. (NYSE: SWX).
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams EPI Group has significant experience advising market leading providers of technology, services and products across a broad range of sectors. These sectors include energy management; infrastructure services; utility services; testing, inspection, and certification services; environmental services; engineering and construction; power products and technology; and energy technology. For more information on the Group’s experience, please visit the EPI Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: This email address is being protected from spambots. You need JavaScript enabled to view it.). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.
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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 Safeway in Washington. The exact address of these charging stations is 1109 Yelm Ave E, Yelm, Washington 98597.
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 Safeway further Volta’s mission to build convenient, simple and delightful charging infrastructure that is seamlessly incorporated into a driver’s everyday experience. There are now 24 Safeway locations in Washington with Volta stations.
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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SÃO PAULO--(BUSINESS WIRE)--SoftBank Group International (“SBGI”) today announced that Eduardo Vieira has been appointed Head of Communications for Latin America, effective Sept. 1, 2021. Mr. Vieira is based in São Paulo, Brazil, and will report to Mark Kornblau, Global Head of Communications for SoftBank Group, and Marcelo Claure, Corporate Officer, Executive Vice President & COO of SoftBank Group and Chief Executive Officer of SBGI, and Chief Executive Officer of SBLA Advisers Corp., Manager of the SoftBank Latin America Fund.
In this role, Mr. Vieira will be responsible for directing the Company's external and internal communications functions in the region, leading SBGI's marketing, public relations, content, events, digital and corporate communications. He will also work with the SoftBank Latin America Fund’s 50+ portfolio companies to foster alignment and value creation across the SoftBank ecosystem.
“I am excited to welcome Eduardo Vieira as our new Head of Communications at SoftBank for Latin America,” said Mr. Claure. “Not only does Eduardo have a deep understanding of marketing and communications, he is also an entrepreneur at heart. He will be instrumental in helping SoftBank and our unique ecosystem in Latin America to better engage with all relevant stakeholders in the region.”
“I am thrilled to join SoftBank's remarkable team and to be a guardian of its branding and reputation in Latin America,” Mr. Vieira said. “By helping structure strategic communications initiatives for companies that are part of SoftBank’s portfolio in the region, we will have the chance to help transform the lives of millions of people. I’m honored and especially energized by this enormous opportunity to create value for Latin America’s startup and innovation ecosystem. The horizon for entrepreneurs in the region has never been brighter.”
Mr. Vieira joins SBGI after a career of more than 23 years as a journalist, digital entrepreneur and corporate executive. Most recently, he was a Founding Partner of Ideal, the first digital PR agency in Latin America and a Partner at WPP Plc. in Ideal Group in Brazil, the holding company that oversees H+K Strategies and Ogilvy PR operations in the region, as well as serving as President and Co-CEO for Latin America and as a member of the Global Leadership Council at Hill+Knowlton Strategies, one of the world’s largest PR firms.
Previously, Mr. Vieira was an awarded journalist, covering technology, innovation, media and business segments for media outlets such as ÉPOCA, EXAME, INFO and Gazeta Mercantil.
Mr. Vieira serves in an advisory capacity for a number of organizations, including as a Member of the Board and Partner at Esfera Brasil, an Editorial Board member and Columnist at Fast Company in Brazil, and a Board Member for PRCA Latin America. He is the author of Os Bastidores da Internet, a national bestseller in Brazil. He received his B.D. in Journalism from University of São Paulo and has post-graduate certifications from Seoul National University (SNU), Harvard and Wharton Online.
“Eduardo is a talented communicator who has overseen the communications strategy for hundreds of clients in Latin America,” said Mr. Kornblau. “He understands the market and will prove invaluable to our team and our portfolio in the region.”
The appointment of Mr. Vieira further strengthens SoftBank’s Latin America leadership team. In July, Nicola Calicchio, former co-Chairman of the Global Client Council at McKinsey, was appointed Chief Strategy Officer of SBGI; and in March, Alex Szapiro, former Country Manager for Amazon Brazil, was appointed Operating Partner and Head of Brazil for SoftBank’s Latin America Fund.
About SoftBank Group
The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing more than US$100 billion to help extraordinary entrepreneurs transform industries and shape new ones; the $US5 billion SoftBank Latin America Fund, the largest venture fund in that region, and the SB Opportunity Fund, a US$100 million fund dedicated to investing in enterprises founded by entrepreneurs of color in the U.S. To learn more, please visit https://global.softbank.
In Brazil:
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Hill + Knowlton México
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ATLANTA--(BUSINESS WIRE)--Mirion Technologies, Inc. (Mirion), a global provider of mission-critical radiation detection and measurement solutions that recently announced a proposed business combination with GS Acquisition Holdings Corp II (“GSAH”) (NYSE: GSAH, GSAH.U, GSAH WS), a special purpose acquisition company sponsored by an affiliate of The Goldman Sachs Group, Inc., today announced it has delivered the first shipment of 880 AccuRad PRDs as an awardee in a $121 million dollar IDIQ contract with the Department of Homeland Security’s (DHS) Countering Weapons of Mass Destruction (CWMD). Mirion expects to deliver a total of 4,001 AccuRad PRDs to support the Securing the Cities initiative in the first year.
“Mirion Technologies takes great pride in being selected to support the Securing the Cities program and we look forward to continuing to develop partnerships throughout the first responder community as we build on the commercial success of the AccuRad PRD in the coming years,” said Mike Freed, Mirion’s Chief Operating Officer. “As a new entrant in the personal radiation detector market, we wanted to bring a disruptive product to market to address the real-world challenges first responders face with radiological threats, and I believe we achieved that with the AccuRad PRD.”
Securing the Cities is a multi-year program funded through the DHS that supports government emergency response organizations by providing radiological and nuclear detection equipment, such as personal radiation detectors, training, information sharing, and a regional cooperative framework. Mirion was selected to participate in March of 2021 and delivered the first AccuRad PRD units at the end of June.
“The emergency responders and public health officials charged with detecting and dealing with radiation face consistent and shifting threats every day,” said Keith Spero, Director of Homeland Security & Military Sales at Mirion. “We understand how difficult this can be and are proud to offer a PRD that is capable of responding to these challenges and that supports efforts to keep our emergency responders and the public safe.”
For more information, visit accurad.mirion.com.
About Mirion Technologies
Mirion Technologies is a leading provider of detection, measurement, analysis and monitoring solutions to the nuclear, defense, medical and research end markets. The organization aims to harness its unrivaled knowledge of ionizing radiation for the greater good of humanity. Many of the company's end markets are characterized by the need to meet rigorous regulatory standards, design qualifications and operating requirements. Headquartered in Atlanta (GA – USA), Mirion employs around 2,500 people and operates in 13 countries. For more information, and for the latest news and content from Mirion, visit mirion.com. Mirion is a registered trademark of Mirion Technologies, Inc. and/or its affiliates in the United States and/or other countries.
About GSAH
GS Acquisition Holdings Corp II (NYSE: GSAH) is a special purpose acquisition company formed for the purpose of effecting merger, stock purchase or similar business combination with one or more businesses. The company is sponsored by an affiliate of The Goldman Sachs Group, Inc. In June 2020, GSAH completed its initial public offering, raising $750 million from investors.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the deliverables under the Securing the Cities initiative, estimated future financial performance, financial position and financial impacts of the potential transaction, the satisfaction of closing conditions to the potential transaction and the private placement, the level of redemptions by GSAH’s public stockholders and purchase price adjustments in connection with the potential transaction, the timing of the completion of the potential transaction, the anticipated pro forma enterprise value and Adjusted EBITDA of the combined company following the potential transaction, anticipated ownership percentages of the combined company’s stockholders following the potential transaction, and the business strategy, plans and objectives of management for future operations, including as they relate to the potential transaction. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “pro forma,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When GSAH or Mirion discusses its strategies or plans, including as they relate to the potential transaction, it is making projections, forecasts and forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, GSAH’s or Mirion’s management.
These forward-looking statements involve significant risk and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside GSAH’s and Mirion’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) GSAH’s ability to complete the potential transaction or, if GSAH does not complete the potential transaction, any other initial business combination; (2) satisfaction or waiver (if applicable) of the conditions to the potential transaction, including with respect to the approval of the stockholders of GSAH; (3) the ability to maintain the listing of the combined company’s securities on the New York Stock Exchange; (4) the inability to complete the private placement; (5) the risk that the proposed transaction disrupts current plans and operations of GSAH or Mirion as a result of the announcement and consummation of the transaction described herein; (6) the ability to recognize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (7) costs related to the proposed transaction; (8) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the potential transaction; (9) the possibility that GSAH and Mirion may be adversely affected by other economic, business, and/or competitive factors; (10) the outcome of any legal proceedings that may be instituted against GSAH, Mirion or any of their respective directors or officers, following the announcement of the potential transaction; (11) the failure to realize anticipated pro forma results or projections and underlying assumptions, including with respect to estimated stockholder redemptions, purchase price and other adjustments; (12) future global, regional or local political, market and social conditions, including due to the COVID-19 pandemic; and (13) other risks and uncertainties indicated from time to time in the preliminary proxy statement of GSAH, including those under “Risk Factors” therein, and other documents filed or to be filed with the Securities and Exchange Commission (“SEC”) by GSAH.
Forward-looking statements included in this release speak only as of the date of this release. Neither GSAH nor Mirion undertakes any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release. Additional risks and uncertainties are identified and discussed in GSAH’s reports filed with the SEC and available at the SEC’s website at http://www.sec.gov.
Additional Information about the Transaction and Where to Find It
In connection with the proposed business combination, a registration statement on Form S-4 has been filed by GSAH with the SEC. The Form S-4 includes a proxy statements to be distributed to holders of GSAH’s common stock in connection with the solicitation of proxies for the vote by GSAH’s stockholders in connection with the proposed business combination and other matters as described in the Form S-4, as well as a prospectus of Mirion relating to the offer of the securities to be issued in connection with the completion of the proposed business combination. GSAH and Mirion urge investors, stockholders and other interested persons to read, when available, the Form S-4, including the proxy statement/prospectus incorporated by reference therein, as well as other documents filed with the SEC in connection with the proposed business combination, as these materials will contain important information about GSAH, Mirion and the proposed business combination. After the Form S-4 has been declared effective, the definitive proxy statement/prospectus will be mailed to GSAH’s stockholders as of a record date to be established for voting on the proposed business combination. GSAH’s stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC’s website at http://www.sec.gov, or by directing a request to: This email address is being protected from spambots. You need JavaScript enabled to view it..
Participants in the Solicitation
GSAH and Mirion, and their respective directors and officers, may be deemed participants in the solicitation of proxies of GSAH stockholders in connection with the proposed business combination. GSAH’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of GSAH in GSAH’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020, which was filed with the SEC on May 17, 2021.
Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to GSAH’s stockholders in connection with the proposed business combination and other matters to be voted upon at the special meeting is set forth in the proxy statement/prospectus for the proposed business combination. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination is included in the proxy statement/prospectus that GSAH has filed with the SEC.
For investor inquiries:
GS Acquisition Holdings Corp II
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Goldman Sachs & Co. LLC
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NORTH MANKATO, Minn.--(BUSINESS WIRE)--NextGen RF, a leading design and manufacturing company, today announced they have signed a partnership agreement with DataRemote, Inc., a pioneer in the industrial market since 1991 offering business and channel partners wireless solutions. Similar to NextGen RF, DataRemote has a long history with the CalAmp®Guardian™, Viper SC+™, and Viper SC+ BaseStation™. The ability to provide cutting-edge technology uniquely positions DataRemote to continue to lead our 5-star customer success initiatives in the future.
Following the acquisition of the three product lines from CalAmp®, including Guardian™, Viper SC+™ and Viper SC+ Base Station™, NextGen RF pursued a strategic approach for market growth. This agreement will allow DataRemote to continue to address its domestic clients and begin an exclusive distribution model internationally.
NextGen has expanded its business beyond design and manufacturing services by incorporating these proprietary products into its offering and the partnership with DataRemote will allow for the company to grow their product line in a natural way.
The 10-year plus design partnership between NextGen RF and CalAmp® expanded over the past year when CalAmp® selected NextGen RF to become the contract manufacturer, as well as provide RMA service for the Guardian™ and Viper SC+™ products. Allowing these products into the NextGen RF family allows for continued sustainability with the current portfolio and the ability to revive and improve the high quality, ruggedized radio products for the current and future customer base. This partnership allows for the same approach from a sales and support perspective for new and existing customers.
About NextGen RF
NextGen RF is a USA owned and operated engineering services company providing valuable wireless design expertise on a variety of products, ranging from design consultation to fully turnkey product development and manufacturing. For more information, visit www.nextgenrf.com.
About DataRemote, Inc.
Founded in 1991, DataRemote offers businesses and channel partners a wide range of wireless solutions. As a pioneer in the telecommunications market DataRemote uses cutting-edge technology to tailor solutions any customer needs across a range of diverse applications. For more information, visit www.dataremote.com.
Mike Crump
SVP Strategic IoT Solutions
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BOWLING GREEN, Ohio--(BUSINESS WIRE)--#environmental--A-Gas, a leading provider of environmental solutions for the refrigerants and fire protection industries, announced today the expansion of its business operations in Seattle.
“We’ve seen a growing need for a fast and easy refrigerant cylinder exchange service in Seattle,” comments A-Gas’s Vice President of Refrigerants, Taylor Ferranti. “As regulations continue to change our industry, we are constantly looking for ways to help our customers safely reclaim their refrigerant gases.”
With more than 30 locations across the United States, A-Gas is a market leader in the safe management of a wide range of refrigerants and other specialty products, all of which have the potential to contribute to global warming if not handled with the highest level of care.
“Our global focus is to eliminate the emission risk of potent greenhouse gases to the environment,” noted Louise McCann, Managing Director-Commercial at A-Gas in the Americas. “A-Gas continues to deliver valuable, industry-leading solutions for our partners in the northwest, and our expansion in Seattle demonstrates our dedication to providing sustainable refrigerant management that helps protect our environment.”
A-Gas manages the full life cycle of refrigerants for its partners around the world and safely recycles millions of pounds of material each year.
About A-Gas:
A-Gas (U.S.), headquartered in Bowling Green, Ohio, is a trading subsidiary of A-Gas International (headquartered in Bristol, UK) and is the World’s largest refrigerant recovery and reclamation company. The company’s core business offers environmental solutions and lifecycle management services for ozone depleting substances and global warming agents including CFCs, HCFCs, HFCs and Halons in the HVAC/Refrigeration and Fire Suppression Industries. For more information about A-Gas, please visit www.agas.com/us
PR Contact
Jaclyn Schilkey
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that Warren Brower will be joining the company as Vice President of Business Development to lead business development and sales across North America.
Mr. Brower is an experienced leader in the fuel cell industry, known for delivering products to market for Nuvera Fuel Cells and Plug Power, where he served as Chief Commercial Officer and Director of Sales, respectively. Over the past 15 years, Mr. Bower has focused on commercializing cutting-edge technologies for motive applications in the hydrogen and fuel cell markets.
“Warren’s appointment comes at a vital time as we rev up the distribution of our products across world markets,” said Advent Chief Marketing Officer Chris Kaskavelis.
“Advent’s innovations, such as our Soldier-worn portable Honey Badger (50 W Reformed Methanol Wearable Fuel Cell Power System) and M-ZERØ™ fuel cells for wellheads, are actively supporting North America’s decarbonization efforts by offering solutions that cut emissions and increase efficiency, and we are currently moving forward to acquire Serenergy and fischer eco solutions to boost our fuel cell systems production. Warren’s role will be key to spearheading joint development agreements for our fuel cell innovations in the transportation, oil & gas and defense markets. We are thrilled to welcome him to the Advent team,” Mr. Kaskavelis added.
Warren Bower stated, “I am proud and excited to be joining the Advent team and sharing in their mission of the decarbonization of the planet through the inevitable utilization of hydrogen and fuel cell technologies. I am eager to use my years of fuel cell commercialization to bring their current and future products to market and establish lasting and sustainable partnerships to speed this mission.”
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents issued (or pending) for its fuel cell technology, Advent holds the IP for next-generation high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, maritime, aviation, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to realize the benefits from the business combination; the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
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SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO) announced today that it will redeem the entire outstanding principal amount of its Floating Rate Senior Notes due 2023 (the “Notes”) as part of its previously announced plans to reduce debt. The redemption date for the Notes is September 27, 2021. The aggregate principal amount of the Notes outstanding is $575 million. The redemption price for the Notes will be equal to 100% of the principal amount of the Notes outstanding, plus accrued and unpaid interest thereon to, but not including, the redemption date. Valero plans to use cash on hand to fund the redemption of the Notes.
A notice of redemption is being sent to all currently registered holders of the Notes by the Trustee, U.S. Bank National Association.
This press release is not an offer to sell or a solicitation of an offer to buy any securities.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and it owns 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.7 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Safe-Harbor Statement
Statements contained in this release that state Valero’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward-looking statements in this release include Valero’s plans to reduce debt, the expected timing and terms of redemption of the Notes and the source of funding for the redemption. It is important to note that actual results could differ materially from those projected in such forward-looking statements based on numerous factors, including those outside of the company’s control, such as circumstances and events that could impact liquidity and other factors. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see Valero’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission and available on Valero’s website at www.valero.com.
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) announced today the deployment of a “linear generator”—a new mobile power generation technology utilizing natural gas and directed renewable biogas to displace existing diesel generation—at its Angwin distribution microgrid site in Napa County.
Working with a subsidiary of NextEra Energy Resources, LLC and Mainspring Energy, PG&E deployed the Mainspring linear generator as part of its commitment to integrate cleaner generation solutions for replacement power during emergencies like winter storms or earthquakes, and Public Safety Power Shutoff (PSPS) events.
Currently, PG&E strategically deploys mobile, diesel generators across its service area during emergencies and PSPS outages to rapidly re-energize thousands of customers. These generators are connected to the grid at substations, distribution microgrid sites, community resource centers, and critical facilities as needed and available.
The goal of the pilot is to demonstrate the performance of new, cleaner electricity generation technology at a PG&E distribution microgrid. The linear generator will be paired with the onsite diesel generator to ensure reliable service for the community of Angwin, and PG&E will study whether the hybrid solution can reduce diesel use and emissions during emergencies or PSPS events this year.
The pilot deployment follows a rigorous testing program by PG&E and Mainspring at the Mainspring facility in Menlo Park this spring, and months of collaboration between PG&E and Mainspring engineers.
“We know how important clean, reliable energy is to our customers and communities. We are excited to explore new technologies like the linear generator to help keep customers powered during larger outages while also reducing the use of diesel backup generation. This is a low-emissions, resilient, and affordable alternative that holds a lot of promise for our future,” said Jason Glickman, Executive Vice President, Engineering, Planning & Strategy, PG&E.
A Creative Renewable Approach
NextEra Energy Resources subsidiaries provide PG&E with a diverse portfolio of nearly 1,000 megawatts of wind, solar and now linear generation. Under this agreement, NextEra Energy Resources provided the financing for the deployment of the linear generator, as part of its recently announced $150 million purchase and financing agreement with Mainspring.
For the Angwin deployment, the linear generator is connected to both PG&E’s electric distribution system and its natural gas distribution system. NextEra Energy Resources is purchasing biogas fuel that is renewably produced at another location. The procured biogas is processed and injected into the existing gas distribution infrastructure, offsetting the linear generator’s usage of natural gas.
“NextEra Energy Resources sees strong potential for new technologies like the Mainspring linear generator to provide reliable, low-cost, and clean energy in California and elsewhere,” said Matt Ulman, vice president of distributed generation for NextEra Energy Resources. “It’s important to get pilot projects into the field for real-world testing, and we are pleased to enable innovative projects that offer resiliency to keep the lights on at businesses and homes.”
Mainspring’s Linear Generator
Mainspring's breakthrough technology, based on research originally conducted by the company's co-founders at Stanford University, is designed to meet grid demands by delivering dispatchable, fuel-flexible power that substantially reduces cost and carbon today, while accelerating the transition to the net-zero carbon grid.
One of the unique characteristics of the 240-kilowatt Mainspring linear generator is that it can ramp up and down quickly to meet power load demands at a fraction of the emissions of reciprocating engine technologies.
“Extreme weather events and the rise of electrification are driving increasing demands on the electric grid for resiliency at affordable costs. At the same time, we need to be moving rapidly toward a net-zero-carbon grid,” said Mainspring CEO Shannon Miller. “Mainspring designed our platform to meet this challenge, and we’re proud that our product is now deployed to help PG&E and its customers to address these challenges and provide them with a cleaner, resilient, and affordable source of power.”
A linear generator—distinct from an engine, microturbine, or fuel cell—is a device that directly converts motion along a straight line into electricity using chemical or thermal energy. The design of Mainspring’s linear generator uses a low-temperature reaction of air and fuel to drive magnets through copper coils to efficiently produce electricity. This innovative design, combined with the company’s proprietary adaptive control software, enables high efficiency, near-zero NOx emissions, full dispatchability, and seamless switching between fuels.
The product achieves low capital and maintenance costs through use of standard materials, only two moving parts, and an innovative air bearing system that eliminates the need for oil. It operates without the use of complex mechanical systems or expensive catalysts.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
About NextEra Energy Resources
NextEra Energy Resources, LLC is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 23,900 megawatts of total net generating capacity, primarily in 38 states and Canada as of year-end 2020. NextEra Energy Resources, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun based on 2020 megawatt hours produced on a net generation basis, and a world leader in battery storage. The business operates clean, emissions-free nuclear power generation facilities in New Hampshire and Wisconsin as part of the NextEra Energy nuclear fleet. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.NextEraEnergyResources.com.
About Mainspring Energy
Driven by its vision of the affordable, reliable, net-zero carbon grid of the future, Mainspring is delivering a new category of power generation — the linear generator — that delivers onsite, dispatchable, fuel-flexible power at low cost. Based in Menlo Park, Calif., Mainspring is backed by top-tier venture, strategic, and financial investors. www.mainspringenergy.com.
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415-973-5930
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“Leeward”), today announced that it has established a secure site for the posting of its financial results for the benefit of its Green Bond investors who hold Leeward’s 4.250% Senior Notes due in 2029 (the “Notes”).
For Access to Financial Reports:
Leeward’s secure site is accessible to beneficial owners of the Notes, prospective investors, broker-dealers, and securities analysts who can establish, upon certification, their respective identity as such to the reasonable satisfaction of Leeward. To obtain information on how to access the site, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.. Leeward will issue subsequent press releases when it has posted its results and will include information on the timing of the earnings call.
About Leeward Renewable Energy Operations, LLC
Leeward Renewable Energy Operations, LLC is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward’s affiliate, Leeward Renewable Energy Development, LLC, is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE: NRG) in collaboration with Smart Energy Decisions (SED) published “The State of Vehicle Fleet Electrification,” a study examining the transition to electrified vehicles away from fossil fuels for organizations. Sustainability and environmental goals were among the top customer priorities driving fleet electrification.
In the study, an overwhelming 86 percent of respondents expressed some level of interest in fleet electrification. While environmental drivers were the top priority, cost remains a consideration, especially among commercial operators. Other significant factors included compliance and evolving technology.
The study highlights that organizations are at different phases of adoption, even with fleet electrification goals gaining momentum. NRG recently adopted its own 100 percent by 2030 goal, to convert its entire fleet of light-duty vehicles to all-electric. Despite overwhelming interest in adopting all-electric vehicles, more than 50 percent of survey respondents reported some indecision and may plan to switch a small percentage of their fleet within the next five years.
The study interviewed more than 200 organizations regarding their vehicle fleet electrification plans and how decarbonizing transportation supports their sustainable goals.
To read the entire version of The State of Vehicle Fleet Electrification Study click here.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as “expect,” “estimate,” “should,” “anticipate,” “forecast,” “plan,” “guidance,” “outlook,” “believe” and similar terms. Although NRG believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially.
NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the SEC at www.sec.gov.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
About Smart Energy Decisions
Smart Energy Decisions is the leading information and research platform serving large electric power users. We produce news, analysis, research and events designed to help our community make smart energy decisions. We are a catalyst for change in support of the energy transition taking place in electric power markets. Our mission is to help large electric power users improve their profitability and reduce their carbon emissions by adopting best practices in energy efficiency and renewable energy sourcing.
Investors:
Kevin L. Cole, CFA
609.524.4526
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Media:
Lauren Brown
713.537.2861
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) announced today that its Board of Directors declared a quarterly cash base dividend of $0.56 per share on Pioneer’s outstanding common stock. The dividend is payable October 14, 2021, to stockholders of record at the close of business on September 30, 2021.
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
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