SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that it will participate in the virtual Barclays CEO – Energy Power Conference on September 9, 2021.
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.
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
Using Velodyne Puck™ Sensors, Renu Robotics Revolutionizing Vegetation Management for Solar Energy Facilities
SAN JOSE, Calif.--(BUSINESS WIRE)--#VelodyneLidar--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement to provide its Puck™ lidar sensors to Renu Robotics, an industry leader in autonomous vegetation management systems. Renu Robotics’ Renubot, a fully autonomous, all-electric mower, helps solar and energy facilities cut costs, time and carbon emissions, while maintaining the grounds for maximum performance of the facility.
Renu Robotics selected the Puck after a competitive product review. The company found that Velodyne’s Puck offered superior quality, reliability and performance, including significantly less system interference for optimal positional accuracy. Velodyne’s sensors are highly efficient in power consumption, which extends the range of Renubot and advances its sustainability features.
The Renubot is equipped with Puck sensors for safe, efficient high-precision navigation and to avoid obstacles when conducting utility-scale vegetation management. The mower uses the lidar to navigate the site, along with real-time kinematic (RTK) GPS correction which enables vehicle positional accuracy within 2 cm. Renubot leverages artificial intelligence (AI) and machine learning for autonomous command and control, and to learn and assess the topography as it conducts highly precise mowing and grooming of facility grounds.
“Velodyne’s Puck sensors provide an essential ingredient for our robotic autonomy and navigation,” said Michael Blanton, Renu’s Chief Technical Officer. “The power-efficient sensors enable the Renubot to deliver an automated vegetation management system that is repetitive and reliable to keep facilities operating at peak performance, while controlling costs.”
“With its sophisticated, sustainable-to-operate autonomous mower, Renu Robotics is revolutionizing the way solar and energy companies conduct vegetation management,” said Laura Wrisley, VP of North America Sales, Velodyne Lidar. “The innovative Renubot demonstrates how Puck sensors power precision and safety in autonomous vehicles, operating without human intervention. Renu Robotics is a prime example of Velodyne delivering on its mission to improve safety and sustainability in communities worldwide.”
Velodyne Puck sensors provide rich 3D computer perception data that allows real-time localization, mapping, object detection, classification and tracking to support safe navigation and reliable operation. The Puck is a small, compact lidar sensor that delivers 100-meter range. Its reliability, power-efficiency and surround view make it an ideal solution for affordable low speed autonomy applications.
About Renu Robotics
Renu Robotics is developing new innovations in autonomous technology. The Renubot is its first all-electric fully autonomous vehicle in the field with several others planned. Renu Robotics continues to develop innovations in artificial intelligence, situational awareness via sensors and other technology. While currently serving the renewable energy industry, Renu Robotics expects to be performing in a spectrum of other industries in the future. For more information, visit www.renubot.com.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, the global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality, and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, and competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," “can,” "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include uncertainties regarding government regulation and adoption of lidar, the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. For more information about risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of the date hereof, Velodyne 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.
Velodyne Investor Relations
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Velodyne Media
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Liv Allen
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Renu Robotics
Steve Arters
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37 rural counties join chorus opposing bill that outlaws these backup power devices
SACRAMENTO, Calif.--(BUSINESS WIRE)--By tomorrow, Californians could know if their ability to own portable generators and power critical equipment during Public Safety Power Shut-off (PSPS) events and other loss of power events is in permanent jeopardy. The fight against California’s proposed ban on portable generators faces a crucial test Thursday, August 26, when AB 1346 is slated to be considered by the California Senate Appropriations Committee. Opponents have asked the committee to amend the bill by inserting an exemption for portable generators. If the committee fails to do so, it is likely the full Senate will consider the unamended bill, putting Californians’ future access to life-saving portable generators at permanent risk.
AB 1346 would compel the California Air Resources Board to adopt regulations by July 1, 2022, to prohibit emissions from all small off-road engine equipment (SORE) including portable generators. The proposal assumes that portable generators could be replaced with so-called ZEE generators (zero-emission equipment). However, ZEE generators rely on battery power and electricity for charging that is not available during power outages and natural disasters, stay powered for far shorter durations, and are exponentially more expensive than gas-powered generators.
California’s own July 30, 2021, proclamation of a State of Emergency issued by Gov. Newsom allows for generator use because of power outages and generators’ clear role as a critical safety tool.
In addition, in a letter to bill author Assemblyman Marc Berman (Menlo Park) dated August 23, 2021, the Rural County Representatives of California (RCRC) formally opposed AB 1346 unless amended. RCRC, an organization furthering the interests of 37 rural counties in the state, cites the reliance rural residents have on portable generators during wildfires and PSPS events.
Further, a five-year study of California residents found remarkable consistency in reasons they used portable generators. In each year from 2016 to 2020, approximately 80% of state residents who own portable generators say their primary use for the devices is providing backup power to their homes.
If allowed to pass unamended, AB 1346 would place property and lives in jeopardy. For more information, visit www.staypoweredcalifornia.org.
For interviews with Joe Harding, technical director for the Portable Generator Manufacturers' Association, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or call 216-241-7333.
OR
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Pete Zeller
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DUBLIN--(BUSINESS WIRE)--The "Solar Engineering, Procurement & Construction Market Research Report by Product, by Application, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Solar Engineering, Procurement & Construction Market size was estimated at USD 128.59 Billion in 2020 and expected to reach USD 143.76 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 12.13% to reach USD 255.62 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 Solar Engineering, Procurement & Construction 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 Solar Engineering, Procurement & Construction Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Solar Engineering, Procurement & Construction Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Solar Engineering, Procurement & Construction Market?
4. What is the competitive strategic window for opportunities in the Global Solar Engineering, Procurement & Construction Market?
5. What are the technology trends and regulatory frameworks in the Global Solar Engineering, Procurement & Construction Market?
6. What is the market share of the leading vendors in the Global Solar Engineering, Procurement & Construction Market?
7. What modes and strategic moves are considered suitable for entering the Global Solar Engineering, Procurement & Construction Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/k3mhjc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Transaction accelerates onsemi’s mission to push innovation to create intelligent power and sensing technologies and build a sustainable future
Expands onsemi’s silicon carbide capabilities & assures customer supply to meet the rapid ramp-up of the sustainable ecosystem, including electric vehicles (EVs), EV charging and energy infrastructure
Reinforces onsemi’s commitment to make substantial investments in disruptive, high-growth technologies
PHOENIX & HUDSON, N.H.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leading supplier of intelligent power and sensing technologies, and GT Advanced Technologies (“GTAT”), a producer of silicon carbide (SiC), today announced that they have entered into a definitive agreement under which onsemi will acquire GTAT for $415 million in cash.
Founded in 1994, GTAT has significant experience in crystalline growth, including SiC. SiC is a key material for next-generation semiconductors that provide technical benefits in SiC power switching devices, significantly improving system efficiency in electric vehicles (EVs), EV charging and energy infrastructure.
The transaction is expected to better position onsemi to secure and grow supply of SiC and meet rapidly growing customer demand for SiC-based solutions in the sustainable ecosystem, including EVs, EV charging and energy infrastructure. Combining onsemi’s manufacturing capabilities with GTAT’s technical expertise will accelerate SiC development and position onsemi to better serve customers as the sustainable ecosystem rapidly ramps up over the next decade. This enhanced SiC capability will allow onsemi to assure customers of supply of critical components and to further commercialize intelligent power technologies.
“This transaction reflects our confidence and stated commitment to meaningfully invest in silicon carbide solutions to support the creation of intelligent power and sensing technologies to help build a sustainable future,” said Hassane El-Khoury, president and chief executive officer of onsemi. “We are focused on deepening our leadership and innovation in game-changing technologies that support the automotive and industrial sectors, and GTAT brings outstanding technical capabilities and expertise in developing wafering-ready silicon carbide, which we intend to accelerate and expand to better empower customers in our high-growth end markets. We look forward to welcoming GTAT’s talented employees to the onsemi team and driving innovation together.”
“Today’s announcement marks the start of a new chapter for GTAT and is a testament to the value created by the hard work and strength of our team,” said Greg Knight, president and chief executive officer of GTAT. “onsemi is strategically positioned to scale our capabilities, providing the resources and platform to maximize the potential of our cutting-edge production techniques and ensure we remain on the forefront of advanced crystalline growth.”
The acquisition also reinforces onsemi’s commitment to make substantial investments in disruptive, high-growth technologies, consistent with the company’s recently announced 2025 target financial model described during its Analyst Day presentation. As onsemi previously stated, capital expenditures are expected to be approximately 12% of revenue in 2022 and 2023, as onsemi invests to drive differentiation and leadership, including in SiC. The transaction is not expected to impact the company’s 2025 target financial model.
onsemi plans to invest in expanding GTAT’s research and development efforts to advance 150mm and 200mm SiC crystal growth technology, while also investing in the broader SiC supply chain, including Fab capacity and packaging.
The transaction, which has been unanimously approved by the Boards of Directors of onsemi and GTAT, is expected to close in the first half of 2022. Completion of the transaction is subject to regulatory approvals and other customary closing conditions. Approval of onsemi’s stockholders is not required in connection with the proposed transaction.
onsemi intends to fund the transaction through cash on hand and available capacity under its existing revolving credit facility. The company expects the transaction to be marginally dilutive to its non-GAAP earnings per share in the immediate term and to be accretive within one year after close.
About onsemi
onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way in creating a safer, cleaner, and smarter world. Learn more about onsemi at www.onsemi.com.
About GT Advanced Technologies Inc.
GT Advanced Technologies Inc., through its wholly owned subsidiaries including GTAT Corporation, is headquartered in Hudson, N.H. USA and manufactures SiC and sapphire materials for high-growth markets. SiC materials are fundamental to the accelerated adoption of a new generation of products such as electric vehicles, high-power industrial motors, and telecom infrastructure applications. Sapphire materials are fundamental in advanced optical, mechanical and laser applications, as well as in aerospace/defense systems. GTAT is a valued supply chain partner in the diverse markets that it serves. For more information about the company, please visit www.gtat.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its Web site in this news release, such information on the Web site is not to be incorporated herein.
Cautions Regarding Forward-Looking Statements
Certain statements in this press release, including, among others, the expected closing of the transactions and the potential effects thereof, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often characterized by the use of words such as “believes,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “should,” or “anticipates,” and similar expressions. All forward-looking statements in this press release are made based on onsemi’s current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Among these, such risks and uncertainties include, but are not limited to, the risk that one or more closing conditions to the transaction may not be satisfied or waived, on a timely basis or otherwise, and the risk that the transaction does not close when anticipated, or at all, including the risk that the requisite regulatory approvals may not be obtained. Additional factors that could cause results to differ materially from those projected in the forward-looking statements are contained in onsemi’s 2020 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other of onsemi’s filings with the SEC. onsemi assumes no obligation to update such information, except as may be required by law.
onsemi
Media Contacts:
Sarah Rockey
Corporate/Media Communications
onsemi
+1 (602) 244-5190
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Finsbury Glover Hering for onsemi
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+1 (646) 805-2000
Investor Contact:
Parag Agarwal
Vice President - Investor Relations & Corporate Development
onsemi
+1 (602) 244-3437
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GTAT
Chris Van Veen
Marketing Communications Manager
o: +1 (603) 417-2230
c: +1 (603) 320-5759
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Ameresco will work with Tarleton State to implement an energy and water conservation project that will realize 21-23% reduction in electric consumption and a nearly 33% reduction in water consumption annually.
FRAMINGHAM, Mass. & STEPHENVILLE, Texas--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its energy savings performance contract (ESPC) with Tarleton State University to develop an energy and water conservation project. The resulting project will enhance campus conditions, promote overall sustainability and improve the reliability and quality of facility operations.
Planned improvements at Tarleton State University include light-emitting diode (LED) lighting retrofits and replacements, water fixture improvements, controls and instrumentation improvements and HVAC lifecycle replacements. All solutions selected were chosen specifically to address the immediate needs of the university and to reduce Tarleton State’s electricity use and natural gas consumption by 21-23% each year.
The project will be entirely self-funded using the utility savings generated by the conservation measures implemented, which will also result in a nearly 33% reduction in annual water and wastewater consumption by the university. As part of the ESPC, Ameresco will guarantee the water and wastewater savings amassed throughout the contract.
“Our goal is to reduce our deferred maintenance backlog and improve campus operations in a budget neutral manner. After a thorough review process, we couldn’t be more thrilled to partner with an organization as committed to advancing the future of sustainability as Ameresco,” said Tarleton’s Chief Financial Officer Lori Beaty. “Our partnership with the team only furthers our energy and water conservation efforts, which have already seen tremendous success. We cannot wait to see how Ameresco’s innovative solutions will continue to transform our campus landscape.”
In addition to its work with Tarleton State University, Ameresco has previously implemented nine other projects with five Texas-based universities, all part of the Texas A&M University System.
“Implementing solutions that enhance university infrastructure is always incredibly fulfilling work,” said Robert Georgeoff, Executive Vice President, Ameresco. “Our partnerships with universities transcend beyond simple construction and help to educate the next generation of global leaders on the importance of energy efficiency and sustainability.”
Project construction began in June 2021 and is expected to be completed by June 2022.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About Tarleton State University
The Tarleton campus sits in the center of Stephenville and enriches the lives of students with a traditional college experience, offering more than 18 on campus living options, a gym, study areas and variety of student organizations that meet on campus. Students at the Stephenville campus have the opportunity for field learning and internship experience with many of the local businesses. Stephenville allows students to earn a high-quality education, while staying in an area that feels just like home and with a lot of history. Stephenville was first patented by John M. Stephen on February 24, 1853. After over 160 years, this city has transformed into one of the fastest growing "college towns" in the State of Texas and has so much to offer its residents whether they be college students, senior citizens, or families. Tarleton State University is located in the Heart of Stephenville and has several outreach programs that give the community a special, close-knit feeling.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of June 30, 2021.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Tellurian Inc. (Tellurian or the Company) (Nasdaq: TELL) today announced that it intends to offer and sell, subject to market and other conditions, senior notes due 2028 in an underwritten public offering. The Company also expects to grant the underwriters a 30-day option to purchase additional senior notes in connection with the offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from the offering for general corporate purposes, including the potential acquisition of upstream assets.
B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc. and William Blair & Company, L.L.C. are acting as joint book-running managers for the offering. EF Hutton, division of Benchmark Investments, LLC, is acting as lead manager, and Aegis Capital Corp., Alexander Capital L.P., Boenning & Scattergood, Inc., Newbridge Securities Corporation and Revere Securities LLC are acting as co-managers for the offering.
The offering is being made pursuant to an effective shelf registration statement of the Company previously filed with the Securities and Exchange Commission (the SEC). The offering may be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement for the offering and the accompanying prospectus may be obtained by sending a request to B. Riley Securities, Inc., Attention: Prospectus Department, 1300 North 17th Street, Suite 1300, Arlington, Virginia 22209; Telephone: (703) 312-9580, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Tellurian Inc.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL.”
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Statements in this press release related to the Company’s public offering of senior notes and all other statements other than statements of historical fact are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. Tellurian urges you to carefully review and consider the cautionary statements made in this press release, the registration statement, the “Risk Factors” section of the preliminary prospectus supplement for the offering and of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and other filings with the SEC for further information on risks and uncertainties that could affect the Company’s business, financial condition and results of operations. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date made. Tellurian undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this press release or currently unknown facts or conditions or the occurrence of unanticipated events. All forward-looking statements are qualified in their entirety by this cautionary statement.
Media:
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Investors:
Matt Phillips
Vice President, Investor Relations
Phone +1.832.320.9331
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CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE:IMO, NYSE American:IMO) is moving forward with plans to construct a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta. This new complex is expected to produce more than 1 billion litres per year of renewable diesel from locally sourced and grown feedstocks. The project is expected to realize about 3 million tonnes per year in emissions reductions in the Canadian transportation sector.
“Imperial is excited to announce our plan to build the largest renewable diesel manufacturing facility in Canada,” said Brad Corson, Imperial chairman, president and chief executive officer. “This world-class facility will be a significant value-generating, forward-looking project that brings together our proprietary technologies and refining scale to the benefit of the environment, the economy and local job creation. Today’s announcement further demonstrates Imperial’s commitment and support for Canada’s transition to lower-emission fuels, as well as Canada’s ambition to achieve net zero by 2050.”
Renewable diesel production will source blue hydrogen (hydrogen produced from natural gas with carbon capture and storage) to substantially reduce greenhouse gas emissions relative to conventional hydrogen production. Approximately 500,000 tonnes of CO2 are expected to be captured annually. The blue hydrogen and biofeedstock will be combined with a proprietary catalyst to produce premium low-carbon diesel fuel.
Imperial is currently in partnership discussions with government and industry, including the Government of Alberta, as well as the Government of British Columbia who have agreed to support this project with an agreement under Part 3 of its low-carbon fuel legislation.
A final investment decision will be based on several factors, including government support and approvals, market conditions and economic competitiveness. The project is expected to create about 600 direct construction jobs, along with hundreds more through investments by our business partners. Renewable diesel production is anticipated to start in 2024.
Third-party studies have shown renewable diesel from various non-petroleum feedstocks can provide life-cycle greenhouse gas emissions reductions of approximately 40 percent to 80 percent compared to petroleum-based diesel. The reduction of 3 million tonnes of greenhouse gases is estimated to be the equivalent to taking more than 650,000 passenger vehicles off the road for one year.
Today’s announcement builds on Imperial’s commitment to reducing emissions. In June, Imperial announced its participation as a founding member of the Oil Sands Pathways to Net Zero Alliance. The goal of this unique alliance, working collectively with the broader oil and gas industry and the federal and Alberta governments, is to achieve net-zero greenhouse gas emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net-zero aspirations. The company is committed to achieving this through projects that drive value for our shareholders.
This investment at the Strathcona refinery underscores its strategic importance to Imperial’s operations. As the largest refinery in western Canada, Strathcona provides valuable products that keep our communities and the economy moving.
Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include, but are not limited to, the company’s plans to construct a renewable diesel facility at Strathcona; references to the production of renewable diesel at Strathcona, including production estimates and projections, and expected sources of feedstock; the availability of and use by the company of carbon capture and storage technology; the impact of the company’s plans on Federal and Provincial low-carbon fuels standards and emissions targets; the company’s projections regarding expected reductions in CO2 emissions in comparison to conventional fuels; the factors informing the company’s final investment decision; the company’s expectations regarding job creation as a result of the project; the anticipated date for commencing renewable diesel production at the facility; the company’s commitment to investing in projects that support sustainability and contribute to reducing emissions; and Strathcona’s position amongst other renewable diesel complexes in North America.
Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning refinery utilization, energy use and greenhouse gas emissions; demand growth and energy source, supply and demand mix; general market conditions; commodity prices; the company’s ability to effectively execute on its project plans and operate the refinery and cogeneration unit; progression of COVID-19 and its impacts on Imperial’s ability to operate its assets, including the possible shutdown of facilities due to COVID-19 outbreaks; the company’s ability to effectively execute on its business continuity plans; the adoption and impact of new facilities or technologies, including on reductions to greenhouse gas emissions intensity; the availability of locally sourced and grown feedstock; applicable laws and government policies and actions, including climate change and restrictions in response to COVID-19; and capital and environmental expenditures could differ materially depending on a number of factors. These factors include global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; environmental regulation, including climate change and greenhouse gas regulation and changes to such regulation; general economic conditions; political or regulatory events, including changes in law or government policy such as actions in response to COVID-19; availability and performance of third-party service providers; unanticipated technical or operational difficulties; management effectiveness and disaster response preparedness, including business continuity plans in response to COVID-19; unexpected technological developments; operational hazards and risks; cybersecurity incidents; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports of Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
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BETHESDA, Md.--(BUSINESS WIRE)--Enviva Partners, LP (NYSE: EVA) (“Enviva”) today announced that members of its management team will attend and meet virtually with investors at the upcoming Barclays CEO Energy-Power Conference on Thursday, September 9, 2021.
To view and download the presentation materials to be used at this year’s conference, please visit ir.Envivabiomass.com.
About Enviva Partners, LP
Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, Europe, and increasingly in Japan. The Partnership owns and operates ten plants with a combined production capacity of approximately 6.2 million MTPY in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. In addition, the Partnership exports wood pellets through its marine terminals at the Port of Chesapeake, Virginia and the Port of Wilmington, North Carolina and from third-party marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
INVESTOR CONTACT:
Kate Walsh
Vice President, Investor Relations
240-482-3856
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced its majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada. When construction is complete, the refinery is expected to produce approximately 20,000 barrels per day of renewable diesel, which could reduce emissions in the Canadian transportation sector by about 3 million metric tons per year. The complex will utilize locally grown plant-based feedstock and hydrogen with carbon capture and storage (CCS) as part of the manufacturing process.
“Canada’s proposed low-carbon fuel policies incentivize the development of lower-emission fuels that can make meaningful contributions to the hard-to-decarbonize sectors of the economy, including transportation,” said Ian Carr, president of ExxonMobil Fuels & Lubricants Company. “The Strathcona project is an example of how well-designed policies allow us to leverage our existing global facilities for capital efficiency, utilize our proprietary catalyst technology, and bring our decades of processing experience to develop low-emission fuels.”
The renewable diesel production process will utilize blue hydrogen, which is produced from natural gas with carbon capture and storage. Production of blue hydrogen has been shown to have substantially reduced greenhouse gas emissions compared to conventionally produced hydrogen. Approximately 500,000 metric tons of CO2 are expected to be captured each year utilizing CCS. The blue hydrogen and biofeedstock will be combined with a proprietary catalyst to produce premium low-carbon diesel fuel.
“ExxonMobil Low Carbon Solutions has made the broad commercialization of carbon capture and storage our initial focus, and we are seeing increased momentum for projects that include hydrogen and biofuels – areas that we are uniquely suited to address and advance in combination with CCS,” said Joe Blommaert, president of ExxonMobil Low Carbon Solutions. “We strongly support an economy-wide price on carbon because it is the most efficient approach to changing behaviors and accelerating investments in low-emission technology. However, Canada’s Clean Fuel Regulation could be a model for other countries considering a sectoral approach. Technology-neutral, lifecycle carbon-intensity based fuels policies like the one proposed in Canada can quickly bring projects like Strathcona to scale and rapidly reduce emissions at a low cost to society.”
A final investment decision will be based on several factors, including government support and approvals, market conditions and economic competitiveness. Imperial will lead the project, which is expected to create about 600 direct construction jobs. Renewable diesel production is anticipated to start in 2024.
Based on an analysis of California Air Resources Board data, renewable diesel from various non-petroleum feedstocks can provide life-cycle greenhouse gas emissions reductions of approximately 40 percent to 80 percent compared to petroleum-based diesel. The United States Environmental Protection Agency estimates that reducing 3 million metric tons of greenhouse gases is equivalent to taking more than 650,000 passenger vehicles off the road for one year.
The Strathcona renewable diesel project is part of ExxonMobil’s plans to provide more than 40,000 barrels per day of low-emissions fuels by 2025. In the United States, the company has agreed to purchase up to 5 million barrels of renewable diesel annually from Global Clean Energy to supply markets in California. Chemically similar to petroleum-based diesel, renewable diesel can be readily blended for use in engines on the market today.
In March, ExxonMobil established a Low Carbon Solutions business to commercialize low-emission technologies, including CCS, biofuels and hydrogen.
In June, Imperial announced its participation as a founding member of the Oil Sands Pathways to Net Zero Alliance. The goal of this unique alliance, working collectively with the broader oil and gas industry and the federal and Alberta governments, is to achieve net-zero greenhouse gas emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net-zero aspirations.
The International Energy Agency projects CCS could mitigate up to 15 percent of global emissions by 2040, and the U.N. Intergovernmental Panel on Climate Change (IPCC) estimates global de-carbonization efforts could be twice as costly without CCS.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com, the Energy Factor and Carbon capture and storage | ExxonMobil.
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Cautionary Statement: Statements of future events, investment opportunities or conditions in this release are forward-looking statements. Actual future results, including project plans, timing, production volumes, and costs, future relative reductions in emissions and emissions intensity, carbon capture and hydrogen results and the impact of operational and technology efforts could vary depending on any changes in the designs upon final approval of this project; the ability to execute operational objectives on a timely and successful basis; the ability to obtain and timing of required governmental and other third party consents; the development and pace of supportive market conditions and national, regional and local policies relating to renewable fuels, carbon capture, hydrogen, and emission reductions; changes in laws and regulations including laws and regulations regarding greenhouse gas emissions, carbon costs, and taxes; trade patterns and the development and enforcement of local, national and international mandates and treaties; unforeseen technical or operational difficulties; the outcome of research efforts and future technology developments, including the ability to scale projects and technologies on a commercially competitive basis; changes in supply and demand and other market factors affecting future prices of oil, gas, and petrochemical products; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.
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ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced it will issue financial results for the Company's first quarter ended July 31, 2021 after the market closes on Wednesday, September 8, 2021. Management will host a conference call and live audio webcast to discuss the results at 4:30 p.m. Eastern Time that day.
Hosting the call to review results for the fiscal first quarter will be Wahid Nawabi, president and chief executive officer, Kevin P. McDonnell, senior vice president and chief financial officer, and Jonah Teeter-Balin, senior director corporate development and investor relations.
Conference Call Event Summary
Date: September 8, 2021
Time: 4:30 PM ET (1:30 PM PT, 2:30 PM MT, 3:30 PM CT)
Toll-free: (877) 561-2749
International: (678) 809-1029
Conference ID: 9298599
Investors with Internet access may listen to the live audio webcast via the Investor Relations section of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.
Audio Replay Options
An audio replay of the event will be archived on the Investor Relations section of the Company's website at http://investor.avinc.com. The audio replay will also be available via telephone from Wednesday, September 8, 2021, at approximately 7:30 p.m. Eastern Time through Wednesday, September 15, 2021 at 7:30 p.m. Eastern Time. Dial (855) 859-2056 and enter the passcode 9298599. International callers should dial (404) 537-3406 and enter the same conference ID number to access the audio replay.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. For more information, visit www.avinc.com.
Jonah Teeter-Balin
+1 (805) 520-8350 x4278
https://investor.avinc.com/contact-us
Integrated solution will provide an advanced electric vehicle to home (V2H) capability with intelligent, dynamic and grid-aware energy management of Australia’s growing fleet of electric vehicles, allowing for holistic real-time flexible multi-asset load management, co-optimized with multi-service VPP offering that now includes EVs, enhanced resiliency and backup power.
SAN FRANCISCO--(BUSINESS WIRE)--#DER--Sunverge, the provider of an industry-leading distributed energy resource (DER) real-time control, orchestration and aggregation platform, today announced a strategic partnership with Simply Energy, Nissan Australia, and Wallbox, a provider of innovative intelligent charging solutions for plug-in electric and hybrid vehicles. The partnership will combine Sunverge’s advanced intelligent energy management platform, Wallbox’s Quasar bi-directional in-home electric vehicle (EV) charging stations, and Nissan’s compact electric vehicle the LEAF.
Through this partnership, the Sunverge real-time DER platform expands into controlling not just EV charging but also the EV batteries, allowing utilities to harness fleet Vehicle-to-Home (V2H) to further enhance distributed energy resource control and real-time dynamic, flexible load management. This combination will also offer utilities and retailers expanded multi-asset and multi-service aggregation with the inclusion of EVs as “mobile batteries”, delivering far more cohesive EV, DER and demand-side management programs while supporting grid services for integrated base and peak load management services. Sunverge, Nissan and Wallbox will jointly study the opportunities around advanced V2G capabilities such as frequency regulation and response.
“The electrification of transportation along with electrification of homes and commercial buildings are two of the vital trends integral to decarbonizing the world’s energy infrastructure,” said Martin Milani, CEO of Sunverge. “That effort will require expanded control, orchestration and aggregation of power from electric vehicles offering utilities a way to harness them as distributed energy resources. The grid can manage the proliferation of EVs more efficiently and reliably while aggregating and orchestrating EVs with other DERs offering multi-asset flexible load management and curtailment grid services making the grid smarter, cleaner, more reliable and resilient. This partnership is a major step forward in that effort and we are proud to be working with our partners Simply Energy, Nissan Australia and Wallbox. Jointly we will realize the significant upstream gains possible from the integration and aggregation of these distributed EV resources. Utilities and retailers can play a major and active role in the electrification of transportation and offer in home EV charging as a service bundled with EV friendly tariffs and integrated as a part of their services offerings. It is always a pleasure to be working with forward-thinking utilities and we are delighted to be working with Simply Energy on this innovative and groundbreaking program.”
“Simply Energy is excited to be collaborating with Sunverge, Nissan Australia and Wallbox on taking another step on the journey towards carbon neutrality,” said Ryan Wavish of Simply Energy “We are looking forward to working closely with Sunverge’s DER control, orchestration and aggregation platform to help speed up the electrification of transportation and make EVs an integral part of the smart grid of the future
“As the brand with the only bi-directional capable battery electric vehicle from factory on the Australian market today, Nissan are excited to be working with Simply Energy, Sunverge and Wallbox to bring this technology to Australian customers,” said Ben Warren, National Manager – Electrification & Mobility, of Nissan Australia. “The Nissan LEAF not only offers an exciting EV driving experience, it goes so much further by integrating into the energy system. With this program, we hope to be able to showcase the opportunity a Nissan LEAF can provide when paired with the right hardware, control systems and energy plans to unlock benefits for not only Nissan customers, but the wider energy grid and all energy users”.
Utility professionals interested in learning more about Sunverge’s capabilities can contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Sunverge Energy
Sunverge Energy provides the leading open dynamic platform for Virtual Power Plants (VPP), a grid-aware and dynamic power source built from the aggregation of behind-the-meter DERs (distributed energy resources). The Sunverge VPP platform is unique in providing dynamic multi-objective optimization of services on both sides of the meter, helping customers with intelligent management of their own renewable energy generation and utilities with greater flexibility in managing their infrastructure investments, reducing generation costs, increasing system reliability, and meeting their renewable energy goals. Together with the Sunverge Infinity edge controller, the Sunverge VPP platform provides intelligent dynamic near real-time control over decentralized energy resources that is efficient, reliable, and responsive to utilities and their customers. For more information please visit http://www.sunverge.com/
About Wallbox
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 60 countries.Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 500 people in Europe, Asia, and the Americas.
About Nissan
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. As part of the ‘Nissan Next’ plan, globally the company plans to extend its leadership in electric vehicles, symbolised by the world's first mass market all-electric vehicle in history, the Nissan LEAF and continuing with the upcoming Nissan ARIYA SUV – launching into key global markets in late 2021.
In January 2021, Nissan announced our goal to achieve carbon neutrality across the company’s operations and the life cycle of its products, including raw material extraction, manufacturing, use, and the recycling or reuse of end-of-life vehicles by 2050. As part of this effort, by the early 2030s every all-new Nissan vehicle offering in key markets will be electrified.
Nissan will pursue further innovations in electrification and manufacturing technology to make progress on the company’s carbon neutrality goal in the following strategic areas:
Nissan’s global headquarters is in Yokohama, Japan, and has a global workforce of 247,500.
Media Contact:
Jared Blanton, Antenna Group for Sunverge
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(415) 712-1417
EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today the recipients of the UDC Innovative Research Award in Organic Electronics & Display and the UDC Pioneering Technology Award in Organic Electronics & Display. These awards were presented at the 21st International Meeting of Information Display (IMID) conference on August 25th in Seoul, Korea by Seongwon (Steve) Kim, Director of Sales and Business Development of UDC Korea.
The 2021 UDC Award recipients are:
UDC Innovative Research Award in Organic Electronics & Display: Min Seong Kim, Sujin Jung, Dong Hyun Choi, Hyung Tae Kim, Jusung Chung, and Hyun Jae Kim (Yonsei University, Korea) for their paper “Medifoam-Based Biocompatible Resistive Random-Access Memory for Skin-Wearable Healthcare Devices.”
UDC Pioneering Technology Award in Organic Electronics & Display: Ha Lim Lee, Vilas Venunath Patil (Sungkyunkwan University, Korea), Inkoo Kim (Samsung Electronics Co., Ltd., Korea), Kyung Hyung Lee, Won Jae Chung (Sungkyunkwan University, Korea), Joonghyuk Kim, Sangho Park, Hyeonho Cho, Won-Joon Son, Soon Ok Jeon (Samsung Electronics Co., Ltd., Korea), and Jun Yeob Lee (Sungkyunkwan University, Korea) for their paper “High Efficiency (23%), Narrow-Emitting (21 nm) and Ultrapure Deep Blue (CIEy~0.05) Organic Light-Emitting Diodes based on a New Mechanism of Purely Spin-Vibronic Coupling Assisted Thermally Activated Delayed Fluorescence.”
“Since inception, Universal Display Corporation has stood for vision, innovation and reality. We are pleased to continue supporting creative and experimental research in the global organic electronics and display fields with these award grants,” said Steven V. Abramson, President and Chief Executive Officer. “As a pioneer in the OLED industry, we are committed to fostering the endless pursuit of knowledge and exploration. We congratulate the award recipients, and applaud all the researchers for their inspiring contributions in expanding the scientific boundaries of possibilities.”
The UDC awards recognize outstanding individuals or teams that have demonstrated innovative ideas or research initiatives impacting the organic electronic and display industries. The winners were selected by IMID and KIDS (Korean Information Display Society).
This year’s IMID Conference, which is being held in-person and virtually August 25 to August 27, 2021, will include a variety of technical presentations, including:
Keynote Speaker: Dr. Julie Brown, Executive Vice President & CTO
Keynote Address: Next Frontiers in OLED Technology
Presenter: Dr. Mike Hack, Vice President of Business Development
Presentation: High-Color-Gamut OLED Displays with Reduced Power Consumption for Laptop Applications (UDC/Intel joint paper)
Presenter: Dr. Nicholas Thompson, Senior R&D Manager
Presentation: Increasing OLED Stability: Plasmonic PHOLED
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the Company’s technologies and potential applications of those technologies, the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2020. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Universal Display:
Darice Liu
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New Financing from Round Led by Prime Movers Lab Will Support Deployment of EVx™ Platform to Fulfill Strong Pipeline of Customer Demand
WESTLAKE VILLAGE, Calif. & LUGANO, Switzerland--(BUSINESS WIRE)--#CrexaCapital--Energy Vault (the “Company”), the creator of gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding. The investment is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, and Idealab X. In addition, the Series C funding is supported by new investors, including Pickering Energy Partners through its Energy Equity Opportunity Fund, SailingStone Global Energy Transition, A.T. Gekko, Crexa Capital Advisors LLC, Green Storage Solutions Venture I LLC, and Gordon Crawford.
Goldman Sachs and Stifel served as financial advisers on the transaction.
The capital raised will be used to support execution of the Company’s growth plans as it ramps up multi-continent deployments of its innovative EVx™ platform, including fulfilling a strong pipeline of customer agreements across markets in the U.S., Middle East, Europe, and Australia. Deployments will begin in the U.S. during the fourth quarter of 2021, with a broader global ramp up expected throughout 2022.
Energy Vault’s system is designed to be cost-efficient, reliable, fully safe to operate, and environmentally sustainable, and is deployed through a highly localized supply chain that maximizes local job creation and economic impact, all underpinned by cutting edge material science and proprietary software technologies. The integration of these advanced technologies with conventional physics of gravity enables the Company to address a large, unmet need for energy storage solutions that manage the intermittent supply of renewable energy at utility scale to deliver dispatchable energy on demand, accelerating broader market adoption of renewable energy sources.
Following the successful commercial scale deployment of its energy storage system in 2020, Energy Vault launched its new EVx platform in April 2021, concurrent with the announcement that Saudi Aramco Energy Ventures has invested in Energy Vault. EVx introduces performance enhancements designed to have 80-85% round-trip efficiency, a more than 35-year technical life, and a flexible, modular design that is 45% lower in height and that can economically serve both higher power/shorter duration applications with ancillary services from 2 to 4 hours, while seamlessly scaling to serve longer duration requirements from 5 to 24 hours or more. With zero degradation of the storage capacity over time, the potential energy of the system can be stored with the composite blocks in the raised position for unlimited periods of time.
To maximize the sustainability elements of the storage system, Energy Vault implemented a circular economic approach to the supply chain that also maximizes on site material production, thus reducing greenhouse gases (GHGs) from the transport sector. Further material science innovation was developed in the manufacturing of the composite blocks that enables the beneficial re-use of waste materials otherwise destined for landfills, such as coal ash, waste tailings from mining operations and de-commissioned wind turbine blades that would otherwise be burned or buried underground, integrating these waste materials into the composite blocks to power its gravity-based storage system.
“We are happy to welcome Prime Movers Lab and other new and existing strategic partners that collectively bring an extraordinary track record of investing in breakthrough technologies that are accelerating the clean energy transition on a global basis,” said Robert Piconi, CEO and co-founder, Energy Vault. “The world is at a critical inflection point in the shift towards broader adoption of renewable energy sources. Energy Vault is accelerating this transformation as we now move to global deployments and market adoption of the technology to help energy providers and industrial customers more cost-effectively meet their sustainability and decarbonization goals.”
“To truly harness the power of renewable energy, the world needs to develop reliable, flexible storage solutions for when the sun does not shine or the wind does not blow,” said Zia Huque, general partner at Prime Movers Lab. “Energy Vault has cracked the code with a transformative solution that is designed to fulfill clean energy demand 24/7 with a more efficient, durable and environmentally sustainable approach than other options. Energy Vault is a gamechanger in our green energy transition and Prime Movers Lab is delighted to support the company in scaling the deployment of its technology.”
About Energy Vault
Energy Vault is the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency. Applying conventional physics fundamentals of gravity and potential energy, the system combines advanced material science and proprietary, machine-vision AI software that autonomously orchestrates the charging and discharging of electricity using ultra low cost composite bricks and innovative mechanical crane systems. Utilizing 100 percent eco-friendly materials with the ability to integrate waste materials for beneficial re-use at unprecedented economics, Energy Vault is accelerating the shift to a circular economy and a fully renewable world.
For more information about Energy Vault, please visit energyvault.com and @EnergyVaultInc.
About Prime Movers Lab
Prime Movers Lab invests in breakthrough scientific start-ups founded by Prime Movers, the inventors who transform billions of lives. We invest in early-stage companies reinventing human augmentation, energy, transportation, infrastructure, manufacturing, and agriculture. Our team is dedicated to supporting entrepreneurs in their mission to commercialize breakthrough science and serve humanity. For more information, visit: www.primemoverslab.com.
Energy Vault
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Prime Movers Lab
Gavin Mathis, This email address is being protected from spambots. You need JavaScript enabled to view it.
SYDNEY--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE: HPE) today announced Patrick Terminals, Australia’s leading container terminal operator, has selected the HPE GreenLake edge-to-cloud platform to provide next-generation IT in an as-a-service model to bring new levels of automation and agility to its terminal operations in Australia. By leveraging the HPE GreenLake platform and HPE compute, storage, networking, and services, Patrick Terminals runs their mission critical applications in a private cloud with an as-a-service operating model, combining the agility and economics of the cloud with the security, compliance and performance of on-premises IT.
Patrick Terminals is a gateway for trade and investment, delivering exceptional consistency and efficiency for shipping customers across its container terminals in Brisbane, Sydney, Melbourne and Western Australia. Patrick Terminals’ aging IT infrastructure was showing signs of increased failure rates and there was a need for additional capacity to keep pace with the dynamic nature of the shipping yard and industry. The container terminals operate 24 hours a day, with any latency or downtime in the data centers leading to negative impact on business operations.
Patrick Terminals’ engineers also require their automation technologies to work with the complex information systems and software applications they rely on to keep the terminal running smoothly. The company’s private cloud needs to manage all the information coming in from shipping lines, exporters, importers, and industry regulators. Data is fed in real-time and the automation systems then perform all the necessary calculations to direct the equipment in the terminal yard. These data computations must be nearly instantaneous, which require on-site compute power to avoid latency and delays.
“One of the things we liked about HPE GreenLake is the ability to easily adapt to new business requirements. The HPE GreenLake platform gives us all the advantages of the cloud but with our systems on-premises,” explained Adrian Sandrin, Chief Information Officer, Patrick Terminals.
“The agility of HPE GreenLake helps us handle new business demands as they emerge, whether it’s ensuring compliance, improving our labor systems, or enabling greater automation,” added Kevin Windsor, Head of Infrastructure at Patrick Terminals. “Running our private cloud as a service is a major business advantage. We can use additional capacity when it’s required and only pay for what we use, providing us with more flexibility to support the business and manage costs efficiently, without the delay of lengthy purchase or leasing procurement processes,” Kevin added.
HPE Pointnext Services managed the end-to-end installation and configuration of the compute, storage, and networking platforms that run Patrick Terminals’ core data center applications. The installation of HPE Synergy composable infrastructure, HPE Primera storage, HPE StoreOnce backup, HPE Cloud Bank storage, and Aruba networking, have translated into savings, of both time and fuel costs, for the terminal and their customers.
“This total HPE solution demonstrates the flexibility of the HPE GreenLake cloud services portfolio and its ability to deliver innovation and modernization for our customers. It means that Patrick Terminals has full control, backed by HPE expertise and support,” said Chris Weber, Director for Enterprise & Public Sector HPE South Pacific.
Patrick Terminals engaged one of HPE Australia’s fastest growing partners, Vectec to transition to an as a service model via the HPE GreenLake platform.
“We’re pleased to work with Patrick Terminals and deliver a HPE GreenLake solution that meets their compliance, security and transformation needs and is scalable for when these needs inevitably change,” said Michael Murphy, Director at Vectec.
Read the full HPE case study on Patrick Terminals here.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions delivered as a service – spanning Compute, Storage, Software, Intelligent Edge, High Performance Computing and Mission Critical Solutions – with a consistent experience across all clouds and edges, designed to help customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com.
Orsi Sulyok
Hewlett Packard Enterprise (HPE)
+61 457 750 264
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Angus Mickle
Porter Novelli Australia on behalf of HPE
+61 432 397 675
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World’s most compact, longest lifespan 1000W portable power station now available for under $500.
ALHAMBRA, Calif.--(BUSINESS WIRE)--FREMO, a battery technology startup backed by one of the world’s largest battery manufacturers, announced the availability of the FREMO X700 Pro for an introductory price of $499. Advanced lithium iron phosphate (LiFePO4) battery and expertly crafted design make the FREMO X700 Pro the world’s most compact 700Wh portable power station at 11 inches tall, seven inches wide, and seven inches deep.
The FREMO X700 Pro offers 1000W of continuous power with peak output of 1600W and 700Wh capacity. This compact powerhouse charges ten devices simultaneously or powers a small refrigerator for more than 10 hours.
FREMO is also offering deals on two accessories including a 100W solar panel charger ($249) and insulated carrying case that doubles as a cooler ($29).
WORLD’S MOST COMPACT 1000W LiFePO4 PORTABLE POWER STATION
The FREMO X700 Pro innovative internal stacking structure minimizes size while maximizing power. The sleek design weighs = only 17.4 pounds and measures 11 inches tall, seven inches wide, and seven inches deep.
LiFePO4 BATTERY
The electric vehicle-grade LiFePO4 battery delivers twice1 the charging speed, lifespan, shelf-life, and safety of power stations utilizing lithium-ion batteries. The FREMO X700 Pro also operates at altitudes above 4000 meters.
MOST USER-FRIENDLY INTERFACE
The modern full-color LED screen is located topside for easy operation. The high-quality display is matched with sound, lights, and graphics to deliver a more intuitive user experience.
CHARGES 10 DEVICES SIMULTANEOUSLY
With ten ports, charge multiple devices at once, including plugs, AC, DC and car ports as well as USB and USB-C fast charging ports.
DETACHABLE MAGNETIC FLASHLIGHT
The FREMO X700 comes equipped with a detachable magnetic LED flashlight that lasts up to 12 hours. It also includes a hanging ring that can be used as a kickstand.
SOLAR PANEL CHARGING
The built-in MPPT solar charge controller allows recharging with solar panels in just 5 to 10 hours. FREMO’s Hyper 100 solar panel is portable and foldable and can be positioned at any angle.
DOUBLE DUTY CARRYING CASE
The well-built carrying case is constructed with waterproof silver cationic polyester fabric. The case is not only stylish but also insulated and can be used as a cooler.
PRICING & AVAILABILITY
The FREMO X700 Pro comes with a 24 month warranty and is available on Kickstarter, with a guaranteed ship date in December. For more information about FREMO visit https://www.ifremo.com/.
ABOUT FREMO
FREMO, founded in 2020 and headquartered in Alhambra, California, is backed by SCUD Group, one of the world's top three battery manufacturers. Established by battery industry veterans hailing from the world’s top 500 technology companies, FREMO is committed to design-driven technology innovation for mobility and clean energy solutions.
1 In lab testing charge 0 - 80% in three hours at 180W, 1500 lifecycles up to 80% remaining capacity, 1 year shelf-life charge, withstands drops up to 0.8 meters
Ashley Ascot, 323-790-3229
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today announced its plans to partner with Qmerit, a leader in green energy transformation with the largest nationwide network of certified electrical installers for EV charging, to support future FF 91 drivers in need of home charging and other future energy-related installations.
“Faraday Future is taking another important step in our journey to bring the FF 91 to market with customized home charging installations facilitated by industry-leading infrastructure provider Qmerit,” said Global CEO of Faraday Future Carsten Breitfeld. “We’re excited that our FF 91 users will have easy access to enjoy our industry-leading charging and energy solutions.”
With the Faraday Future Installation program supported by Qmerit, future FF 91 drivers can schedule installation to occur before bringing their FF 91 home – so they are ready to go from day one. Users start the process by simply completing a brief survey on the FF app or at FF.com. One of Qmerit’s experienced, certified providers will complete a tailored installation at a time convenient to the customer, who can immediately enjoy faster at-home charging of their FF 91.
“We are thrilled to be partnering with Faraday Future to provide our premium installation services for their drivers by leveraging our vast network to deliver consistently across the nation. Qmerit has successfully installed thousands of EV chargers in homes and has set the industry standard for driver satisfaction at a national level,” said Ken Sapp Qmerit SVP, Business Development. “FF 91 users can enjoy excellent ownership experience through fast and convenient home charging – beginning with a seamless installation.”
The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent internet electric vehicle (EV) products. They are high-performance EVs, all-in-one all ability cars, and ultimate robotic vehicles, allowing users to experience the third internet living space. The models also encompass extreme technology, an ultimate user experience and a complete ecosystem.
Both models have an industry-leading 1050 horsepower, a 130kWh battery pack with immersive liquid cooling technology and 0-60 mph performance in 2.4 seconds. In addition, both employ tri-motor torque vectoring and rear wheels independently driven and controlled by dual rear motors. Both models are also equipped with the industry‘s only super AP for internet connection at “light speed”, video streaming on the passenger information display, a rear intelligent internet system, an in-car video conferencing system, intelligent seamless entry, FFID face recognition, multi-touch eyes-free control, and zero gravity rear seats with the industry’s largest seating angle of 150 degrees.
Users can reserve an FF 91 Futurist model now via the FF intelligent APP or FF.com at: https://www.ff.com/us/reserve.
Download the new FF intelligent APP at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online.
ABOUT QMERIT
Qmerit, headquartered in Irvine, California, simplifies the adoption of electrification products for residential and small business markets. A leader in green energy transformation, the company provides value-driven services throughout the renewable energy equipment implementation lifecycle. This is delivered through Qmerit’s network of company owned contractors, independent Certified Solutions Partners and Certified Installers, who are skilled in system implementation and integration as well as ongoing support and maintenance. Combining this nation-wide network of certified electrical contractors with the company’s purpose-built digital managed services platform and white-glove concierge services, Qmerit delivers customers an unmatched quality experience related to electric vehicle charging stations, battery storage systems, solar system integration and microgrid solutions. For more information on Qmerit, please visit: Qmerit.com.
ABOUT FARADAY FUTURE
Established in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, FF was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.” and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the ultimate intelligent tech luxury brand positioning, FF’s first flagship product FF 91 Futurist is equipped with unbeatable product power. It is not just a high-performance EV, an all-ability car, and an ultimate robotic vehicle, but also the third internet living space.
FOLLOW FARADAY FUTURE:
https://www.ff.com/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture
NO OFFER OR SOLICITATION
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside FF’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: costs related to the recently completed business combination; FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-1 previously filed by Faraday Future Intelligent Electric Inc. with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FF does not undertake any 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.
For Faraday Future
John Schilling
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HOUSTON--(BUSINESS WIRE)--Andros Capital Partners LLC (“Andros”) today announced it has closed a joint venture with Midland-Petro D.C. Partners, LLC (“MPDC”) under which Andros affiliate Andros Permian LLC will fund approximately $150 million to participate in a development drilling program targeting the highly productive Spraberry and Wolfcamp formations in Midland County, Texas.
“MPDC has assembled a world-class position in the core of the Midland Basin, and we’re excited to be a part of its development,” said Andros Managing Partner Phillip A. Gayle, Jr. “This transaction underscores Andros’ commitment to investing in high-quality assets in partnership with talented operators. It also highlights our ability to construct a creative capital solution to enable our partner to advance their strategic objectives.”
Willkie Farr & Gallagher LLP acted as legal counsel to Andros. Petrie Partners acted as financial adviser to MPDC and Vinson & Elkins LLP acted as legal counsel.
About Andros Capital Partners LLC
Andros Capital Partners is a private investment firm based in Houston, Texas. Andros combines flexible, long-duration capital with an opportunistic investment mandate, leveraging a proven track record of building, operating and monetizing assets across the energy value chain. For more information please visit www.androscapital.com.
About Midland-Petro D.C. Partners, LLC
Midland-Petro D.C. Partners is a private oil and gas company based in Midland, Texas.
Casey Nikoloric
Managing Principal, TEN|10 Group
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303.507.0510
DUBLIN--(BUSINESS WIRE)--The "Global EV Charging Cables Market" report has been added to ResearchAndMarkets.com's offering.
Increasing government initiatives to reduce emission of greenhouse gases will support the adoption of electric vehicles and development and installation of EV charging stations which is expected to drive the global EV charging cables market growth. For instance, in August 2018 the Japanese government prepared a policy for electric vehicles for better co-operation and a smooth transition in the automotive industry. All such factors will fuel the market growth during this forecast period. Furthermore, continuous advancements in EV charging technologies such as robotic changing and improving socio-economic conditions are expected to propel market growth.
However, the availability of wireless EV charging is the major restraining factor which is expected to obstruct the global EV charging cables market growth. Also, the high cost of DC charging cables will restrain the market growth.
The Global EV Charging Cables Market is segmented into power supply such as Alternate Charging, and Direct Charging, by length such as Below 5 meters, 6 meter to 10 meters, and Above 10 meters, by charging level such as Level 1, Level 2, and Level 3, by shape such as Straight, and Coiled. Furthermore, the market is segmented into application such as Private Charging, and Public Charging.
The Global EV Charging Cables Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Leoni AG, Aptiv Plc., BESEN International Group, Dyden Corporation, TE Connectivity, Brugg Group, Sinbon Electronics, Coroplast, Phoenix Contact, and EV Teison
Key Questions Addressed by the Report
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Global EV Charging Cables Market Outlook
5 Global EV Charging Cables Market, By Power Supply
6 Global EV Charging Cables Market, By Length
7 Global EV Charging Cables Market, By Charging Level
8 Global EV Charging Cables Market, By Shape
9 Global EV Charging Cables Market, By Application
9 Global EV Charging Cables Market, By Region
11 North America EV Charging Cables Analysis and Forecast (2017 - 2027)
12. Europe EV Charging Cables Market Analysis and Forecast (2017 - 2027)
13 Asia Pacific EV Charging Cables Market Analysis and Forecast (2017 - 2027)
14 Latin America EV Charging Cables Market Analysis and Forecast (2017 - 2027)
15. Middle East EV Charging Cables Market Analysis and Forecast (2017 - 2027)
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/sjbybk
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE American: REX), a leading ethanol company, announced today that it will report its fiscal 2021 second quarter financial results on Wednesday, September 1, pre-market and will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.
To access the conference call, interested parties may dial 212/231-2902 (domestic and international callers). Participants can also listen to a live webcast of the call by going to the Investors section on the REX website at www.rexamerican.com. A webcast replay will be available for 30 days following the live event.
About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 617 million gallons of ethanol over the twelve-month period ended April 30, 2021. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended January 31, 2021) by the ethanol production facilities in which it has ownership interests was approximately 243 million gallons. In addition, the Company acquired a refined coal operation in August 2017. Further information about REX is available at www.rexamerican.com.
Douglas Bruggeman
Chief Financial Officer
937/276-3931
Joseph Jaffoni, Norberto Aja
JCIR
212/835-8500
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