Independent Research Firm uncovers that significant events would need to happen for organizations to elevate the importance of third-party cyber risk mitigation strategies
DENVER--(BUSINESS WIRE)--CyberGRX, provider of the world’s first and largest global risk exchange, today announced the results of their commissioned study on how organizations prioritize third-party risk. Conducted by Forrester Consulting, the research comprises surveys from 319 respondents in IT, security, and risk roles covering technology, retail, oil and gas, healthcare, financial services, and other highly regulated industries. The study highlights that while organizations recognize third-party threats expose them to great risk, many organizations fail to take adequate measures to mitigate it. In fact, while they grapple with third-party cyber risk management (TPCRM), the weak points in their current mitigation strategies exacerbate the threat of cyber incidents.
The Forrester study, Why Isn’t Your Organization Prioritizing Third-Party Risk?, identifies four major themes:
“Organizations that fail to take thoughtful steps to monitor, defend, and prepare for third-party cyber incidents have undermined their entire cybersecurity posture,” said Dave Stapleton, CISO, of CyberGRX. “As the Forrester study highlights, many organizations recognize the hazards posed by third parties; however, their actions do not reflect effective mitigation. Lacking a defined TPCRM strategy creates the opportunity for a breach, even if internal risk management strategies are otherwise solid and effective.”
To improve third-party cyber risk practices, organizations must consider vendors as an extension of their own brand, and set a strict baseline and expectations for their cyber maturity. Companies should leverage data and automation to ensure that their entire supply chain will meet the outlined cyber requirements. Additionally, it is imperative to continuously monitor the changing cyber risk of vendors. As new attack vectors are unleashed, a vendor’s security posture can be rapidly altered. Finally, constant communication regarding cyber posture and compliance among all parties involved is critical and security training for employees and stakeholders should be mandatory.
CyberGRX’s Chief Information Security Officer, Dave Stapleton, and guest speaker, Forrester principal analyst Renee Murphy will present key findings and recommendations from the research during a webinar on Tuesday, October 12 at 2:00 pm EDT. To learn more:
Register for the webinar
Download the full report
About CyberGRX
CyberGRX is on a mission to modernize third-party cyber risk management. Built on the market’s first and largest third-party cyber risk exchange, CyberGRX's dynamic and scalable approach is innovating TPCRM for enterprises and third parties. Armed with fast and accurate data and a proven and innovative approach, CyberGRX customers make rapid, informed decisions and confidently engage with partners. Based in Denver, CO, CyberGRX was designed with partners including Aetna, Blackstone and MassMutual.
Media Contacts
Dan Warren
LaunchTech Communications
443-977-9638
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Funding Will Drive International Expansion and Growth of Development
TORONTO & PALO ALTO, Calif.--(BUSINESS WIRE)--#boating--Raiven Capital, a global early-stage venture fund, today announced its investment in KnowWake, the leading marine navigation platform for recreational boaters. The funding will be used for international growth and product enhancement. Now available in 26 countries, KnowWake is commonly referred to as "Waze for the Water" and brings together safety and fun for everyone on any type of vessel.
Other investors include LOUD Capital, Strand Venture Partners, and notable angels.
“We are very excited about this crowdsourced platform, especially as there are few offerings that enable boaters to navigate waterways safely and efficiently while building community,” said Raiven Capital’s General Partner Paul Dugsin.
“KnowWake rethinks boating as we know it and we are pleased to see the company connecting so many on the waterways,” said Anna Shen, Venture Partner, Raiven Capital.
"Raiven Capital brings some of the brightest minds in venture capital from Silicon Valley. The follow-on investment from our initial investors is exciting as we are rapidly growing to meet user demand. Also, keep an eye out for the launch of our business portal -- just in time for the Fort Lauderdale International Boat Show in late October,” said Dan Karsko, CEO and Founder of KnowWake.
Founded on the idea to provide simplified real-time wake zones and waterway information, KnowWake is a first-of-its-kind navigation platform crowdsourcing from users across the globe.
Fort Lauderdale-based KnowWake offers real-time information shared with the community and includes: hazards, raft-up parties, police and more. Since releasing location sharing, grouping and in-app messaging earlier this year, KnowWake has entered the social commerce space and has several key features on the horizon to bring high-value to the user experience.
“The market potential is enormous: Mobile device-based navigation apps have become vital for real-time information on roads and highways and now for waterways,” said Supreet Manchanda. General Partner, Raiven Capital.
KnowWake is positioning itself to be the leader in this technology and is the fastest growing community online for recreational boating. With 5000+ miles of wake zones charted throughout the Intracoastal Waterway (ICW) and beyond, users can find and route to more than 40,000 verified waterfront destinations.
About Raiven Capital
Raiven Capital is a global early-stage Series A technology venture fund with roots in both Silicon Valley and Toronto. Raiven Capital focuses on opportunities created by artificial intelligence, 5G and the Internet of Things. Raiven actively seeks passionate founders developing companies that optimize value chains across cybersecurity, finance, energy, environment, health, medical devices, and food sectors. Once growth is robust, Raiven exits its portfolio companies to later-stage capital in Silicon Valley and beyond.
Anna Shen
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Key figures analyze Arctic’s global strategic value, multibillion dollar investment potential
NEW YORK--(BUSINESS WIRE)--#AI--The real assets news site Investable Universe announces the launch of Polar Futures, a media series that examines the eight-nation Arctic region’s growing geopolitical importance and its potential for attracting hundreds of billions of dollars in direct investment to develop the region and its bounty of natural resources.
Institutional investors, pension funds and other investors are eyeing the potential of developing infrastructure, shipping, logistics, telecommunications, mining, aquaculture and marine resources and of incubating technologies that aid the transition to renewable energy.
Additionally, new trans-Arctic shipping lanes made more accessible by climate change will focus competing political and military interests on the polar zone.
Nuanced insights from pivotal figures
Against this fluid strategic backdrop, the weekly newsletter and podcast series, curated by editor-in-chief Rebecca Engmann Darst, will feature interviews with pivotal figures in the Arctic discourse, including:
The series also will include insights about the roles of Canada, Finland, Norway, Russia and Sweden in the rapidly evolving Arctic zone.
Subscribers will gain exclusive access to nuanced transnational views of the polar investment and geopolitical landscape through a weekly newsletter and podcast interviews with guests from across the diplomatic, media and entrepreneurial spectrum.
Will globalization and climate change spur great-power rivalry in the Arctic?
Noting that research from the Council on Foreign Relations examined the Arctic as a potential site for “the return of great-power rivalry”[1] amid the challenges of globalization and climate change, Darst believes that the Arctic North will be the nexus of a number of conflicts and opportunities in the twenty-first century.
“The polar region’s strategic value is hard to overstate. It holds vast natural and mineral resources and is developing new and high-tech industries in parallel to those riches. Yet in the region, there’s also an intricate tapestry of historical and cultural factors that are rarely discussed on a global level. We will delve unflinchingly into all of them in the newsletter and podcast,” says Darst.
Subscribe to the Polar Futures newsletter and podcast bundle at www.investableuniverse.com/polarfutures.
About Investable Universe
Trofast Media’s Investable Universe provides leading edge insights into investment in real assets, the global “market of things” that spans traditional investments and emerging technologies on earth and in space.
Learn more at InvestableUniverse.com.
[1] https://www.cfr.org/in-brief/whats-stake-rising-competition-arctic
Rebecca Darst, Editor
+1 203 614.9027
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In 2020, About 85% of PG&E’s Electric Power Mix Came from Carbon-Free Resources
PG&E Supports Customers’ Electric Vehicle, Rooftop Solar and Battery Adoption
PG&E Invests In Utility-Scale Battery Energy Storage To Enhance Overall Grid Reliability, Integrate Renewables, and Help Customers
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has been helping drive the clean energy transition in California and the United States for more than 20 years and is proud to support this year’s National Clean Energy Week (Sept. 20-24).
“We are proud of our history as a leader in the industry and helping California achieve its bold clean energy goals,” said Jason Glickman, Executive Vice President, Engineering, Planning, and Strategy. “We are working every day to identify new ways to bring on more clean energy resources that will improve our environment while delivering safe and reliable energy to more than 16 million people in Northern and Central California.”
Clean Energy Portfolio
PG&E delivers some of the nation’s cleanest energy. In 2020, more than 35% of the electricity PG&E delivered to its customers came from eligible renewable resources including solar, wind, bioenergy, geothermal and small hydropower. Adding nuclear and large hydropower, about 85% of PG&E’s electric power mix was from carbon-free resources.
Solar Power Growth
At 45%, large-scale solar energy accounted for the largest portion of PG&E’s total renewable energy power mix in 2020.
Additionally, PG&E has connected more than 580,000 customers with private rooftop solar to the electricity grid, and supports customers with resources before, during and after they go solar. The rooftop solar in PG&E’s service area represents about 20% of all rooftop solar in the country.
PG&E’s Solar Choice program offers customers an easy way to go solar — without installing rooftop solar panels. Through the program, customers can purchase up to 100% of their electricity from a community solar program generating power in California.
Adopting Electric Vehicles
PG&E is committed helping increase EV adoption in its service area, where about a quarter of all electric vehicles in the U.S. can be found. Increasing EV adoption is a critical component to making California’s clean air future a reality as transportation is the single largest source of greenhouse-gas emissions in California, contributing 41%. The state aims to have 5 million zero-emission vehicles on the road by 2030 as well as 250,000 charging stations. Additionally, Gov. Gavin Newsom signed an executive order in September 2020 that will prohibit the sale of new gasoline- and diesel-powered vehicles after 2035.
Responding to the high rate of EV adoption in its service area, PG&E supports the large-scale electric infrastructure needed to incorporate EV charging systems onto the electric grid. This includes supporting customers for their EV-related projects along with specifically designed programs helping customers transition to electric across light-, medium- and heavy-duty vehicles. Additionally, PG&E supports EV adoption through specially designed rates, rebates and tools.
Progress on Battery Energy Storage
PG&E is investing in battery energy storage to enhance overall grid reliability, integrate renewables, and help customers save energy and money.
The company currently has contracts for battery energy storage projects totaling more than 1,400 MWs of capacity to be deployed throughout its service area and the state through 2023. PG&E is well-positioned with the battery energy storage projects under contract to meet the state’s ambitious clean energy and storage goals, while ensuring grid reliability.
In addition to large, grid-scale battery energy storage, PG&E connects hundreds to thousands of new, behind-the-meter (BTM) battery energy storage systems to the grid every month. To date, more than 28,000 PG&E customers have installed and connected BTM battery energy storage systems to the grid throughout PG&E’s service area — most of which are residential customers — totaling more than 316 MWs of capacity.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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Company’s flagship product MeOH-To-Go™ converts previously unusable products into easily transportable, profitable methanol
HOUSTON--(BUSINESS WIRE)--Modular Plant Solutions (MPS), a global engineering firm specializing in process modularization and project implementation, in Friendswood, Texas, outside of Houston, has introduced a unique approach to small-scale plant designs for the for the oil, petrochemical and process industries. Using this design approach, the company has developed a small-scale modular methanol plant, MeOH-To-Go™ (Methanol-To-Go™), which enables users to produce their own methanol output from associated, stranded, flared or pipeline gas.
Russell Hillenburg, president and co-founder of MPS, and David Townsend, co-founder and vice president of engineering for MPS, developed the idea for a modularized structural system for process plants after brainstorming solutions to more efficiently and economically use stranded and flared gases, which are often found in remote, hard-to-reach areas. Hillenburg, a Houston-area entrepreneur who is also CEO of Woven Metal Products, a premier fabrication facility that manufactures reactor and tower process internals, brought their idea to market by launching MPS in 2016. Drawing on Townsend’s experience in the industry, the co-founders first focused on producing methanol, a commodity that tracks the price of oil.
“We created a design that takes the guesswork out of planning and cost estimates and created something that is easily-transportable, constructable and operable,” said Hillenburg. “The way we approach modularization is about efficiency and standardization of components, opening up options for locations that were previously unattainable.”
MPS’s standard MeOH-To-Go™ plant has a three-stage process to convert natural gas to Grade AA methanol, which is a basic building block for the production of various chemical derivatives. Methanol has widespread applications for several industries — from plastics, automotive and paints to adhesives, construction and pharmaceuticals, as well as most recently being adopted as a clean-burning marine transportation fuel. The plant’s small-scale modularization not only helps customers save on upfront costs, but also ensures the plants are easy to transport, assemble and disassemble to move if needed — even in remote locations. In fact, MPS’s patent-pending design is based on the ISO 1496 container standard, so the modules can be shipped all over the world via container ship, rail and truck, and re-assembled in the field.
“Our design reduces on-site construction risks and makes capital cost more predictable. The economics are now comparable with world-scale plants,” said Townsend. “And since we build the modules to the ISO-container standard, we can use multi-modal shipping for a fraction of the transportation cost of standard modular construction.”
This year, West Virginia Methanol permitted three MeOH-To-Go™ plants, which will be designed to produce 900 metric tons per day of Grade AA methanol from natural gas. The project is expected to come online in 2024.
Currently, MPS has two other plants in the design phase: DME-To-Go™, an add-on option for MeOH-To-Go™ plants to produce Dimethyl Ether (DME), a clean burning alternative diesel fuel, as well as Gasoline-To-Go™, a small-scale modular plant to produce 88 Octane gasoline.
About Modular Plant Solutions
Modular Plant Solutions (MPS) is a global engineering firm specializing in process modularization and project implementation based in Friendswood, Texas, outside Houston. The company’s patent-pending modularized structural system is designed for customers seeking cost-effective, easily transportable, scalable solutions for plant design — that can be shipped and assembled anywhere in the world. The company’s flagship product, MeOH-To-Go™ (Methanol-To-Go™), enables users to produce their own methanol output from associated, stranded, flared or pipeline gas. MPS’s highly-skilled team has nearly 550 years of combined experience in construction, engineering, fabrication and operations, and brings hands-on experience to deliver best-in-class plant solutions. Find out more at https://modularplantsolutions.com and on LinkedIn.
Heather Bennett
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Provides low-emission fuel solution for the northeastern United States
HOUSTON--(BUSINESS WIRE)--Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), and Southwestern Energy Company (NYSE: SWN) today announced the initiation of a responsibly sourced natural gas (RSG) strategic agreement. The goal of the agreement is to further reduce methane emissions across the natural gas value chain by receiving and transporting RSG to market and, in this case, specifically to a market in the Northeast. RSG is natural gas that has been produced from a natural gas well and transported by companies whose operations have been independently verified as meeting certain environmental, social and governance (ESG) standards, particularly related to methane emission reductions.
RSG goes through a rigorous verification process to certify that it meets or exceeds the standards established by the ONE Future coalition, which are designed to achieve a 1% or lower methane intensity level, or 99% methane efficiency, by 2025. With this agreement, Project Canary will apply its TrustWellTM certification process and continuous emissions monitoring devices to SWN production sites in the Appalachian Basin, ensuring a methane intensity rate of 0.28% or lower, per ONE Future upstream targets (production, compression and gathering). SWN achieved an intensity rate of 0.055% in 2019, according to its annual Corporate Responsibility report, and is pursuing further emission reductions through various initiatives. The KMI transportation network, including TGP, has significantly beat its 0.31% ONE Future transmission target with a rate of only 0.03% in 2019, as published in the company’s latest ESG report. These combined industry segments substantially outperform the estimated average intensity rate of up to 1.41% for conventional natural gas emissions across the industry value chain, according to EPA data provided by a 2018 peer-reviewed article in Science Magazine. Additional criteria evaluated by Project Canary’s Trustwell certification include impacts to air, land, water and the community as well as the mechanical integrity of well design and practices.
As part of the agreement, SWN will produce and TGP will transport the RSG on its existing pipeline infrastructure to benefit a large market in the Northeast where the distribution of the RSG is expected to power the equivalent of approximately 100,000 homes annually while reducing GHG emissions equal to the removal of approximately 5,000 internal combustion engine vehicles from the road. The market will begin experiencing the benefits of RSG November 1, 2021. TGP and SWN are both founding members of the ONE Future Coalition, working together to reduce methane emissions and to ensure the future of natural gas as a long-term sustainable fuel.
“We are pleased to be part of this agreement focused on providing this lower-carbon fuel to the Northeastern United States,” said KMI’s President of Natural Gas Pipelines Tom Martin. “This is one of several RSG initiatives currently underway at Kinder Morgan and aligns with our commitment to minimize methane emissions associated with the production, transportation, storage and distribution of natural gas.”
“Southwestern believes responsibly sourced gas is foundational to a low carbon future. This innovative agreement with Kinder Morgan to deliver responsibly sourced energy to customers in the Northeast is evidence of our commitment to help bring about that future. We have been first movers in the RSG market, announcing earlier this year the certification and continuous monitoring of our entire existing and future Appalachia portfolio. This strategic agreement builds on that initiative and continues our efforts to provide cleaner energy to customers across the United States and beyond,” said Southwestern Energy President and Chief Executive Officer Bill Way.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the anticipated timing and benefits of the RSG program. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2020 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.
About Project Canary
Project Canary is an independent certification organization that measures, tracks, and delivers trusted ESG data across the energy value chain. They are the leaders in the rating and certification of responsible energy operating practices and provide science and technology-backed emission profiles via continuous monitoring hardware synced with a real-time dashboard. Project Canary Upstream (TrustWell) Certifications, Midstream Certifications, and Canary Continuous Monitoring help identify the most responsible energy supply chain operators. Formed as a Public Benefit Corporation, Project Canary’s team of scientists, engineers, and seasoned industry operators have earned recognition for their uncompromising standards, including being named “Best for the World 2021” B Corp.
To learn more, visit projectcanary.com.
KINDER MORGAN CONTACTS
Katherine Hill
Senior Corporate Communications Specialist
(713) 469-9176
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Investor Relations
(800) 348-7320
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www.kindermorgan.com
SOUTHWESTERN ENERGY COMPANY CONTACTS
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Media Relations
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PROJECT CANARY COMPANY CONTACTS
Brian Miller
Vice President, Growth and Policy
(202) 669-3801
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LITTLE ROCK, Ark. & HOUSTON--(BUSINESS WIRE)--Windstream, a privately held communications and software company, today announced a retail renewable energy agreement with ENGIE Resources, a subsidiary of ENGIE North America. The five-year contract extends through 2026 under which Windstream will purchase electricity and Renewable Energy Credits from ENGIE’s Live Oak wind project in Texas. This renewable energy purchase matches 100% of Windstream’s forecasted electricity consumption at more than 400 Texas locations.
The renewable energy in this agreement represents the environmental benefits of eliminating the greenhouse gas emissions from 3,505 cars per year, or the carbon sequestered by 19,744 acres of U.S. forest annually over the course of the agreement.*
"We are delighted that the Live Oak wind project will play a major part in Windstream's renewable energy solution,” said David Carroll, chief renewables officer at ENGIE North America. “As an operator of more than 3 GW of renewable energy across North America alongside leading customer solutions businesses, we are committed to being at the forefront of the energy transition and are excited to collaborate with organizations such as Windstream to accelerate those efforts."
Windstream will also achieve budget certainty throughout the term of this agreement with a fixed price structure in a simple retail contract with flexible terms.
Renewable energy is an increasingly important part of Windstream’s environmental sustainability strategy and approach to reducing greenhouse gas emissions from electricity consumption. Windstream formally initiated its renewable and carbon-free energy program in 2020 with the signing of its first community solar project and has continued to source other renewable opportunities.
In 2020, approximately 34% of Windstream’s companywide purchased Scope 2 electricity, which powers network locations and data centers, came from renewable and carbon-free sources. Following the agreement with ENGIE Resources, approximately 44% of Windstream’s purchased Scope 2 electricity now comes from these sources. The company is working toward a goal of purchasing 50% of its Scope 2 electricity from renewable and carbon-free sources by 2025.
“Windstream is committed to environmental stewardship, and this agreement with ENGIE Resources is the latest step in our ongoing effort to reduce carbon emissions,” said Mark Reed, chief procurement officer for Windstream. “Renewable energy sources are key to driving down emissions. To contribute to this vital worldwide effort, our corporate sustainability program combines common-sense strategies with ambitious long-term initiatives to become more resource efficient, enabling us to make improvements while balancing the needs of our customers, employees, and owners.”
Serving as advisor on the agreement is Atlanta, Georgia, based Insight Sourcing Group’s Energy practice. ISG Enterprise Energy is a consulting practice focused on sustainability through strategic sourcing of renewables and execution of energy efficiency projects, working with senior executives and procurement leaders from corporate clients and private equity firms.
ENGIE North America is the developer, owner (in partnership with an affiliate of John Laing Group plc), and operator of the Live Oak wind project. Live Oak is a 200 MW project that is located near San Angelo, Texas. ENGIE North America has added nearly 2GW of renewable energy in the U.S., a major contribution to the global goal of 9GW from 2019-2021. Globally in 2020, ENGIE commissioned 3GW of new renewable capacity, bringing total renewable capacity portfolio to 31GW.
*EPA Greenhouse Gas Equivalencies Calculator
About Windstream
Windstream Holdings is a privately held communications and software company. Windstream offers managed communications services, including SD-WAN and UCaaS, and high-capacity bandwidth and transport services to businesses across the U.S. The company also provides premium broadband, entertainment and security services through an enhanced fiber network to consumers and small and midsize businesses primarily in rural areas in 18 states. Additional information is available at windstream.com or windstreamenterprise.com. Follow us on Twitter at @Windstream.
About ENGIE North America
ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. is a global reference in low-carbon energy and services, that relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, the group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions.
Media Contacts:
Windstream: Scott Morris, This email address is being protected from spambots. You need JavaScript enabled to view it., (501) 748 5342
ENGIE North America: Sandrine Deparis, This email address is being protected from spambots. You need JavaScript enabled to view it., (202) 855 3705
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress” or the “Company”) announced today that it has executed a term loan facility secured by eight Company vessels (the “Shipping Facility”). The Company made an initial borrowing of $430 million and can borrow up to $725 million under the Shipping Facility.
The Shipping Facility has a three-year term, and loans issued under the facility will bear interest at an annual rate equal to LIBOR plus 3.00%, subject to a 0.0% LIBOR floor. The Shipping Facility is prepayable at par at any time without penalty.
Net proceeds of the Shipping Facility will be used to fund the development and construction of the Company’s energy infrastructure projects around the world.
“We continue to execute the plan we previously laid out to facilitate our growth with asset-level financings. This facility provides additional capital for us to build additional LNG terminals and infrastructure around the world,” said New Fortress Chairman and CEO Wes Edens. “Our investments in LNG terminals and power infrastructure bring significant economic and environmental benefits to our expanding customer base.”
About New Fortress Energy
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” including the Company’s expected use of proceeds of the Shipping Facility to fund the development and construction of energy infrastructure projects around the world. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risk that we will be unable to develop and construct energy infrastructure projects around the world and the risk that our construction or commissioning schedules will take longer than we expect or will not be achieved. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Company’s annual and quarterly reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement.
IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer” or the “Company”) today announced the addition of Maria S. Jelescu Dreyfus to the Company’s Board of Directors.
Ms. Dreyfus is currently the Chief Investment Officer for Ardinall Investment Management, a New York based independent investment firm established in 2017. Ardinall has an ESG-based investment approach and focuses on climate change and sustainable investments. Prior to forming Ardinall, Ms. Dreyfus spent 15 years at Goldman Sachs, where she most recently served as Portfolio Manager and Managing Director for Goldman Sachs Investment Partners (GSIP). At GSIP Ms. Jelescu focused on energy, industrials, transportation and infrastructure investments in both public and private markets.
Ms. Dreyfus currently serves on the board of directors at Macquarie Infrastructure Corporation (NYSE: MIC), on the board of CDPQ (one of Canada’s largest pension plans) and on the advisory board of Eni Next (Eni SpA’s corporate venture arm). At Columbia University’s Center on Global Energy Policy, Ms. Jelescu serves as an advisory board member, executive committee member and as co-chair of the Women in Energy program. She also serves as a director on several private companies’ governing and advisory boards in the energy transition space (battery technologies, digitization and control technologies, etc.)
Additionally, Ms. Dreyfus is a member of the Massachusetts Institute of Technology’s (MIT) Corporation’s Development Committee and serves on the MIT Economics Department’s Visiting Committee. Ms. Jelescu has held her Chartered Financial Analyst designation since 2004 and holds a dual degree in economics and management science from MIT.
Pioneer Chief Executive Officer, Scott D. Sheffield stated, “We are excited to welcome Maria to the Pioneer Board of Directors. Maria’s extensive experience in energy and infrastructure, combined with her deep knowledge of environmental, social and governance (ESG) matters will further strengthen Pioneer’s ESG leadership position.”
Chairman of the Board, J. Kenneth Thompson added, “Maria’s deep background in finance, energy and ESG adds to our Board’s collective skill set and her expertise will help guide the company successfully through the global energy transition.”
Ms. Jelescu said, “What appeals to me about joining Pioneer’s Board of Directors is the shared belief that leadership means excellent performance in financial, operational and ESG matters. Pioneer continues to do impressive work, but it is not content with the status quo. I look forward to working with Pioneer’s management team as it continues to further solidify its leading role in the energy transition.”
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release 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 contained in this news release specifically include statements regarding the redemption. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices, product supply and demand, the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, global and U.S. economic activity, government regulation or action, Pioneer’s ability to implement its business plans or complete its development activities as scheduled, access to and cost of capital, the financial strength of counterparties to Pioneer’s credit facility, investment instruments and derivative contracts and purchasers of Pioneer’s oil, natural gas liquids and gas production, and acts of war or terrorism. These and other risks are described in Pioneer’s Annual Report on Form 10-K for the year ended December 31, 2020 and other filings with the Securities and Exchange Commission. In addition, Pioneer may be subject to currently unforeseen risks that may have a materially adverse impact on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
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Volvo CE Battery-Electric Compact Excavator and Compact Wheel Loader are Viable Alternatives to Diesel Equipment for Fleets to Reduce Carbon Footprints
LOS ANGELES--(BUSINESS WIRE)--Volvo Construction Equipment (Volvo CE) announced today the results of a pilot project testing the ECR25 Electric compact excavator and L25 Electric compact wheel loader in North America. Remarks were provided at a press event in Los Angeles alongside officials from the U.S. Environmental Protection Agency, the South Coast Air Quality Management District (AQMD) and customers who tested the machines.
For nearly a year, Volvo CE has been testing its battery-powered ECR25 Electric compact excavator and L25 Electric compact wheel loader with multiple customers on jobsites in Southern California with the goal of accelerating the deployment of zero-emission technologies for off-road vehicles. Both machines are zero-emission solutions that meet the high-performance standards of construction customers in a variety of applications, as proven through the recent testing scenarios. An Environmental Protection Agency (EPA) grant administered by the South Coast AQMD provided funding for the project.
The pilot results come on the cusp of the company’s full roll-out of electric machines in these sizes, with customer deliveries of the ECR25 Electric expected in January 2022 and both units available throughout North America early in 2022. The company is the first to commercialize dedicated electric machines at the larger end of the compact size range.
“Our customer’s response to these machines validates that there is not only a desire for these types of machines in North America but a pull in many markets,” said Stephen Roy, President of Region North America, Volvo CE. “This just adds further momentum to the Volvo vision of offering machines that align with Science Based Targets and our overall commitment to decarbonization.”
Key learnings from the pilot
The pilot project confirms Volvo electric construction equipment matches performance and has significant benefits when compared to diesel machines in the same class.
“The California pilot project supports what we’ve seen on jobsites in Europe and elsewhere: our battery-electric compact excavator and compact wheel loader are viable alternatives to diesel equipment for construction fleets that want to reduce their carbon footprints,” said Melker Jernberg, President of Volvo CE. “Climate change is the biggest challenge of our time, we all have an important role to act, and by working together and collaborating we can reduce the amount of harmful emissions that are entering the atmosphere.”
Key findings:
Sustainability — Powered by lithium-ion batteries and producing zero emissions, the ECR25 and L25 compact electric machines proved themselves as environmentally sound options. They also allowed some of the customers to operate inside buildings and other structures where diesel exhaust is restricted.
Noise — There was significantly lower noise levels compared with diesel equipment, reducing noise pollution and improving jobsite communication and safety by making it easier for crew members to hear each other. The testers said the machines could allow them to work in sound-sensitive areas.
Performance — The Volvo electric machines have similar specifications to their diesel equivalents, and pilot project participants said that in practice the performance matched that of diesel machines. There also was positive feedback on the decreased maintenance needs of the electric machines, which don’t require maintenance items such as oil, oil filters and diesel particulate filters. The need for a diesel exhaust fluid (DEF) tank is also eliminated.
Charging — The project was an enabler for adaptations to the machines to make them compatible with the North American power grid. The higher current available on the U.S. power grid compared with Europe was found to be a benefit to charging. The Volvo CE pilot project confirmed the importance of having access to quality charging connections. However, traditional power sources aren’t always required. Baltic Sands, for example, installed a solar array for its work in the desert.
“These electric construction equipment produce no tailpipe emissions and protect the health of neighboring communities,” said EPA Pacific Southwest Air and Radiation Division Director Elizabeth Adams. “In order to attain the national air quality standards and fight climate change, we need to aim for vehicles and equipment that produce near-zero emissions.”
Pilot project partners
The L25 Electric compact wheel loader and ECR25 Electric compact excavator were used by four organizations in a variety of applications:
“Over the three months we tested, these machines performed exceptionally — matching what we would expect from a diesel machine of equal size but with no emissions,” said Jacques Marais, Director, Baltics Sands. “We are excited to be one of the early adopters in applying electric equipment to our business and I have a sincere belief that this is the future.”
Applying the learnings and Volvo CE future priorities
Volvo CE continues to compile data and will submit full reports on the project to the South Coast AQMD and EPA.
Volvo CE will apply the learnings to future research and development of battery-electric vehicles. Points of emphasis will be to continue to enhance the run times of machines, optimize the onboard charging systems and continue to explore alternative charging methods for jobsites without readily available access to charging stations.
Prebooking of the ECR25 Electric compact excavator and L25 Electric compact wheel loader for North American customers is open now for those who want to be among the first to own the machines when delivery begins in early 2022.
Additionally, Volvo CE will continue to develop the electrification of other sizes and types of machines.
Volvo CE is committed to developing electrification options and providing other more sustainable equipment across their entire line of products. To support this effort, Volvo CE will continue to pursue additional grant opportunities and strategic partnerships, such as the recently announced CEMEX collaboration, in their roadmap to provide sustainably powered construction equipment across North America.
The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, with its headquarters in Gothenburg employs about 95,000 people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2016 the Volvo Group's net sales amounted to about SEK 302 billion (EUR 31,9 billion). The Volvo Group is a publicly held company. Volvo shares are listed on Nasdaq Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone. |
Gregg Hennigan
Marketing Communications
Volvo Construction Equipment North America
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Software industry veteran to lead Quorum’s global go-to-market strategy for transforming the business of energy through technology
HOUSTON--(BUSINESS WIRE)--Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced that Paul Langenbahn has been named President of Quorum Software. In this position, he will be responsible for worldwide customer-facing operations.
Earlier this year, Quorum merged with Aucerna, a global provider of integrated planning, execution, and reserves software for the energy industry. Operating as Quorum Software, the combined company recently acquired TietoEVRY’s Oil and Gas software business, including flagship solutions Energy Components and DaWinci. Together, the company now serves more than 1,800 energy customers across 55 countries.
“This year brought incredible growth for Quorum, and we are committed to bringing an incredible customer experience to energy companies worldwide,” said Gene Austin, Chief Executive Officer of Quorum Software. “Paul has an extensive background leading technology companies, especially when it comes to service, delivery, and support, and I look forward to having him guide Quorum in all aspects of how we advance our operations to empower customers to be successful.”
Most recently, Langenbahn was the Executive Vice President and President of the Commerce business unit of NCR Corporation, a global enterprise technology provider for the financial, retail, and hospitality industries. Before NCR, he served as the Executive Vice President and President of the hospitality division of Radiant Systems from 2007 until the company’s successful sale to NCR in 2011. Throughout his 25 years with Radiant and NCR, he held several senior leadership roles in general management, sales, and professional services.
“With years of leadership and innovation dedicated to energy, Quorum’s vision to transform the business of energy through technology is now accelerating at a global scale,” said Paul Langenbahn, President of Quorum Software. “I’m excited by the opportunity to work closely with Quorum’s 1,400 associates around the world as we deliver solutions that help our customers grow, transform and streamline their operations to meet the future energy needs of the planet.”
To learn more about Quorum, visit quorumsoftware.com.
About Quorum Software
Quorum Software connects people and information across the energy value chain. Twenty years ago, we built the first software for gas plant accountants. Pipeline operators came next, followed by land administrators, pumpers, and planners. Since 1998, Quorum has helped thousands of energy workers with business workflows that optimize profitability and growth. Our vision for the future connects the global energy ecosystem through cloud-first software, data standards, and integration. The trusted source of decision-ready data for 1,800+ companies, Quorum Software makes the essential connections that let us work better together in the connected energy workplace. For more information, visit quorumsoftware.com.
Adam Cormier
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A fully integrated charger solution combines USB PD, PPS, PowiGaN and FluxLink to maximize efficiency and slash component count in adapters and chargers
SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced the InnoSwitch™3-PD family of ICs, the industry's most highly integrated solution for USB Type-C, USB Power Delivery (PD), and USB Programmable Power Supply (PPS) adapters. This compact InSOP™-24D-packaged IC includes a USB-C and PD controller, a high-voltage PowiGaN™ switch, a multi-mode quasi-resonant flyback controller, secondary-side sensing, FluxLink™ isolated digital feedback and a synchronous-rectification driver.
Aditya Kulkarni, senior product marketing engineer at Power Integrations said: “InnoSwitch3-PD ICs target designers seeking the ultimate in charger power density. This requires the highest level of integration and maximum efficiency to limit self-heating. Our latest addition to the InnoSwitch3 family dramatically simplifies the development and manufacturing of compact, energy-efficient USB PD power supplies for smartphones, tablets, notebooks, and other devices that benefit from fast charging. InnoSwitch3-PD ICs reduce the BOM count to half that of conventional designs, reducing design time and simplifying high-volume manufacture for slim, ultra-compact OEM and aftermarket chargers.”
Featuring no-load power consumption as low as 14 mW, power supply designs using InnoSwitch3-PD ICs meet all global energy-efficiency regulations. The high efficiency of these devices ensures low heat dissipation, eliminating the need for bulky heatsinks. Power Integrations’ FluxLink high-speed communications feedback link ensures fast, accurate secondary-side regulation. InnoSwitch3-PD ICs are also fully protected, with input voltage monitoring, accurate brown-in/brown-out and overvoltage protection, and output over- and under-voltage fault detection with independently configurable fault responses.
Note to editors: View a short video on the InnoSwitch3-PD here.
Availability & Resources
A new design report, RDR-838, describes a 60 W USB PD 3.0 Power Supply with 3.3 V – 21 V PPS output using the InnoSwitch3-PD PowiGaN-powered INN3879C-H801. The new InnoSwitch3-PD ICs are priced from $1.30 per unit in 10,000-unit quantities. For further information, contact a Power Integrations sales representative or one of the company’s authorized worldwide distributors: Digi-Key, Farnell, Mouser and RS Components.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information, please visit www.power.com.
Power Integrations, InnoSwitch, PowiGaN, FluxLink, InSOP and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are the property of their respective owner.
Media Contact
Nina Hurd
Power Integrations, Inc.
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BWW Communications
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JANESVILLE, Wis.--(BUSINESS WIRE)--#SHINEmedical--SHINE Medical Technologies LLC today announced that the company has changed its name to SHINE Technologies LLC.
SHINE’s new name highlights the company’s core technological competencies, skilled team and focus as a next-generation nuclear technology company. SHINE is pursuing a four-phase strategy for the development of nuclear fusion technology to achieve its ultimate goal: producing fusion energy. SHINE’s technology is currently being applied to advanced industrial inspection services and medical isotope production, phases I and II of the company’s four-phase approach, respectively.
“Our long-term goal is to create and deploy systems that produce clean fusion energy, and we are continuing to grow towards that goal by commercializing more near-term applications of fusion,” said Greg Piefer, SHINE’s founder and CEO. “In addition, our merger with Phoenix earlier this year strengthened our position by enabling us to integrate a key technological capability that supports our near- and long-term plans.”
To hear more from Greg Piefer about SHINE’s name change, please follow this link to a video on the company’s new website.
Phoenix commercialized phase I, advanced industrial inspection services, over a decade ago by utilizing its fusion-based technology for nondestructive testing. These applications take neutron images or perform other assay measurements of modern materials in detail, ensuring that the quality and safety needs of clients in the aerospace, defense and energy industries are met.
SHINE’s phase II involves the application of fusion to the production of medical isotopes. The company expects to produce diagnostic isotopes for heart disease and other applications and is producing therapeutic isotopes for certain cancers. SHINE anticipates producing these isotopes at commercial scale at facilities on its campus in Janesville, Wis.
“The goal of each phase of our approach is to create social and economic value while building additional capacity and capability, and deepening our scientific understanding of fusion technology as we progress to clean energy production,” Piefer said.
SHINE’s next step will be to explore the use of its technology to recycle nuclear waste in phase III. Carbon-free nuclear power currently faces a major political obstacle because it produces radioactive waste, some of which can last for millions of years. If successful, SHINE’s phase III is expected to help mitigate this problem by recycling a portion of this waste and using fusion to shorten the half-life on long-lived waste forms. Importantly, SHINE’s work in this phase could help fission power become a more sustainable form of carbon-free energy.
The goal of phase IV is to generate clean, abundant and affordable fusion energy. SHINE believes its achievement of this goal will be built on the strength of its skilled team, including their experience with challenging nuclear technology projects, the breadth of the company’s unique technological capabilities, and the experience expected to be gained from operating many powerful fusion systems in the field during phase III.
“We are excited that our new name more clearly reflects our core technological competencies, strong team and long-term ambitions,” Piefer said. “SHINE was founded on differentiated technology, and a unique, lean and phased approach to developing nuclear technology. It’s great to be telling the world more about the company we’ve built, with an updated brand that reflects it.”
About SHINE Technologies
SHINE is a nuclear technology company committed to improving the lives of people and the planet. The company is focusing its fusion-based technology initially on advanced industrial imaging and the production of diagnostic and therapeutic isotopes. These isotopes include molybdenum-99, a diagnostic isotope used to diagnose heart disease, cancer, and other conditions, and lutetium-177, a therapeutic isotope that may improve the outcome of some cancer patients when linked to a cell-targeting molecule. SHINE has a long-term strategy to solve some of humanity’s biggest problems, including nuclear waste recycling and the production of clean fusion energy, in addition to advanced industrial imaging and medical isotopes, by pursuing our vision for progressively broad and impactful uses of fusion technology. For more information about SHINE, please visit our website at https://www.shinetechnologies.com.
Rod Hise
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DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced that it is immediately restarting the ammonia plant at its Billingham, UK, complex. The restart follows an interim agreement reached today to cover the costs to restart the ammonia plant and produce CO2 for the UK market.
“We want to thank The Honorable Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial Strategy, and his entire staff for working tirelessly to bring about this agreement enabling restart of the plant and averting a potential CO2 supply disruption impacting many industries, including food and beverage availability to UK consumers,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “We look forward to working with Secretary Kwarteng and the UK government on developing a longer-term solution, including the development of alternative suppliers of CO2 for the UK market.”
CO2 is a byproduct of the ammonia production process. Safely restarting the ammonia plant at the Billingham Complex is expected to take several days.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
Safe Harbor Statement
All statements in this communication, other than those relating to historical facts, are forward-looking statements, including, but not limited to, statements as to management’s expectations with respect to the resumption of production at CF Industries’ Billingham Complex, the prospects for a longer term solution to the circumstances, including the high cost of natural gas, that led to the shut down of both of CF Industries’ UK facilities, and other items described in this communication. Forward-looking statements can generally be identified by their use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “will” or “would” and similar terms and phrases, including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. Forward-looking statements are given only as of the date of this communication and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media
Chris Close
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SLIPS® Dolphin marine paint is now available across Europe through a partnership with Par-Ky Italia srl – Milano - Italy
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Adaptive Surface Technologies, Inc. (AST), a world leader in repellent surfaces, today announced it has entered into a new distribution partnership with Green Sailor by Par-Ky Italia srl to offer its SLIPS® Dolphin™ marine paint to new customers in Europe.
SLIPS Dolphin is a distinctive biocide-free marine bottom paint developed for recreational and commercial boats of all sizes and solves persistent biofouling issues that can lead to boat drag and high fuel costs. When submerged in water, SLIPS Dolphin creates an ultra-smooth, slippery surface that fouling organisms such as barnacles and mussels have difficulty attaching to. Unlike many existing products on the market today, such as traditional copper paint, SLIPS Dolphin does not contain any biocides that deplete over time, ensuring that it is environmentally friendly and offers more longevity for users.
Green Sailor, a division of Par-Ky Italia srl, is dedicated to the defense of the marine environment and will supply SLIPS Dolphin to new recreational boating customers across Europe.
“Green Sailor is committed to supporting a more environmentally-friendly community on the water through the products they sell, making SLIPS Dolphin a natural fit,” said David Ward, CEO of AST. “We are excited to partner with them to significantly expand our global reach and increase availability of our ocean-friendly, high performance anti-fouling product.”
To ensure that SLIPS Dolphin performs in all types of waters and environments, the AST team field tested the product over a number of years in multiple locations around the globe, including in the tropical waters of Singapore and Florida. From this extensive testing, customers who use SLIPS Dolphin can expect an 8% increase in fuel savings over traditional anti-fouling solutions.
“Our primary mission is to protect the marine environment, which influences every product that we choose to sell to our community,” said Paolo Nosenzo, CEO of Par-Ky Italia srl. “SLIPS Dolphin is a strong addition to our product lineup and we are excited about the opportunity to educate more boaters about the environmental and financial benefits of this paint, so we can protect our boats and oceans at the same time.”
For more information on AST’s full suite of products, including SLIPS Dolphin please visit https://adaptivesurface.tech/.
About Adaptive Surface Technologies
A world leader in repellent surfaces, Adaptive Surface Technologies, Inc. is a Cambridge, MA-based industrial technology company that produces additives and coatings used for a wide range of industrial, marine, and packaging applications. Our surface-active polymers and SLIPS® coating systems create novel surfaces that repel fluids, contaminants, ice, and biological fouling agents. For more information, visit https://adaptivesurface.tech.
About Green Sailor
Green Sailor is a division of Par-Ky Italia srl, dedicated to the defense of the marine environment. For more information on the company or to purchase SLIPS Dolphin in Europe, please visit https://greensailor.it/.
Media
Kalyn Schieffer for AST
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LONDON--(BUSINESS WIRE)--The "World Carbon Neutrality Forum" (WCNF) was announced today by the former President of the European Council (2004) and former Irish Prime Minister Bertie Ahern. Mr Ahern is currently co-chair of the Interaction of Council of Former Heads of State and Government, and the Eco Global Forum.
The date of 22nd September has been chosen to mark the first anniversary of President Xi’s double carbon commitment and his efforts towards a community with a shared future. The Forum is established to promote climate cooperation between China, the United States, Europe, and the rest of the World.
In its first year of operation, the World Carbon Neutrality Forum will be held virtually and transmitted by a dedicated video platform called the World Carbon Neutrality Media Network. The Forum will be based on a Davos model and will seek to stimulate thoughts globally by leadership on decarbonisation. It is a pluralistic organisation which will meet each quarter and will invite current and former Heads of State and Prime Ministers from developed and developing countries to discuss global decarbonisation targets.
The World Carbon Neutrality Forum will be based on the consensus model as proposed in the Paris Climate Agreement - it will bring together government leaders, global companies, institutions, scientists to promote and discuss knowledge of related topics such as climate change, carbon neutrality and new energy technology.
It is committed to empowering the global carbon neutral revolution and promoting the national awakening of green awareness. The Forum has commenced cooperation with several of the world’s leading academic, business, non-governmental organisations and institutions to initiate the first forum which will take place in January 2022.
The “World Carbon Neutrality Media Network" (WCNMN) was announced to commence broadcasting in 2022. It will be a global media and cloud video conference platform similar to TED, which focuses on the national decarbonisation targets and promotes climate cooperation between Europe, China, the United States and the rest of the World. Its objective is to provide a dedicated platform to bring together influential thought leaders.
Ms. Yang Lan, a well-known media proprietor and journalist, will serve as the chief host and be responsible for moderating WCNMN sessions and debates. Other sessions may be conducted to respond to topical issues on climate action and climate change that might arise.
Commenting on the announcement today Mr Ahern said:
“Without doubt climate change is the central issue challenging world leaders economically, politically and socially. What is required of a single generation is a scale of change ordinarily phased in over several decades. The politics to deliver that change will require political courage and skill.”
“Throughout my career I have always tried to cultivate the spirit of partnership and consensus. I am delighted to be Chair of the World Carbon Neutrality Forum because I believe collaboration, cooperation and coalition are key to substantial change. When it comes to climate action – we need borderless dialogue.
“The World Carbon Neutrality Media Network will provide an opportunity for industry leaders and Governments to listen to each other and take practical solutions from each other if we are to collectively realise global decarbonisation targets.
“As part of the European Green Deal, the Commission proposed in September 2020 to raise the 2030 greenhouse gas emission reduction target, including emissions and removals, to at least 55% compared to 1990. It looked at the actions required across all sectors, including increased energy efficiency and renewable energy, and started the process of making detailed legislative proposals by July 2021 to implement and achieve the increased ambition. This will enable the EU to move towards a climate-neutral economy and implement its commitments under the Paris Agreement.
“In addition the clear goal of carbon peak by 2030 and carbon neutrality by 2060 was declared on this day last year by President Xi Jinping of China. Recent announcements from China as well as the recently renewed commitment by the United States to the Paris Agreement means that policy and political momentum are moving in the same direction on carbon neutrality.
“The activity amounts to a paradigm shift and I believe there is an opportunity for a leadership voice to emerge to articulate the value of net zero-carbon target. The World Carbon Neutrality Forum will seek to find our collective voice through a network for like minded political and business leaders and will provide a collaborative forum to motivate and share experience.”
For more information:
James Taylor, Roaring Mouse Public Relations
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Latest Escalent EVForward DeepDive Report Outlines Car Shopping Preferences and Unique Role Dealers Can Play in EV Adoption Race
LIVONIA, Mich.--(BUSINESS WIRE)--Car shoppers—including millennials—prefer the traditional dealer-centric car shopping experience to direct retail by nearly a three-to-one margin. Further, nearly one-third of shoppers expect to lean on a car dealer as a primary source of information as they evaluate electric vehicles (EVs).
Those are the latest findings of a new Dealer DeepDive report from EVForward, the largest, most comprehensive study of the next generation of electric vehicle buyers. The dedicated platform was developed in 2020 by Escalent, a top human behavior and analytics advisory firm with extensive experience counseling the world’s largest automotive companies.
The study’s respondents have sent a clear message regarding traditional and emerging car shopping models:
“Car shoppers are sending a clear message to automakers—they like the traditional dealer model and prefer to handle much of the shopping process in-person,” said Mike Dovorany, Automotive & Mobility vice president at Escalent and head of EVForward. “Further, EV Intenders—respondents identified by EVForward as the next generation of EV buyers—show a keen interest in making the car dealer experience a core part of their information-gathering, shopping and decision-making processes.”
When asked which sources they are most likely to use when learning about electric vehicles, 63% of EV Intenders indicate test driving an EV is important—the most of any source of information available. Additionally, 31% of all respondents indicate a dealership salesperson would be among their primary sources of information. Automakers must seize this key opportunity in what is growing to be a competitive race for shoppers’ attention and consideration.
EVForward offers a unique look at the next generation of EV buyers, with more than 600 variables encompassing proprietary survey information and additional profiling data. The tool provides rich, actionable analyses based on an unrivaled quantity and quality of inputs to inform the steps industry players need to take today to inspire broader adoption of EVs and ensure their success with future buyers.
About EVForward™
This EVForward DeepDive was conducted among a national sample of 1,003 respondents and included a survey, focus groups and industry expert interviews between May 5 and June 16, 2021. These respondents are a subset of the EVForward database, a global sample of more than 20,000 new-vehicle buyers aged 18 to 80, weighted by age, gender and location to match the demographics of the new-vehicle buyer population and by vehicle segment to match current vehicle sales. The sample for this research comes from an opt-in, online panel. As such, any reported margins of error or significance tests are estimated and rely on the same statistical assumptions as data collected from a random probability sample. Escalent will supply the exact wording of any survey question upon request.
About Escalent
Escalent is a top human behavior and analytics advisory firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.
Jordan Walker
248.258.2333
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it will supply World Fuel Services, Inc. with an estimated 78 million gallons of liquefied natural gas (LNG) for two Pasha Hawaii container ships.
When operating from the Port of Long Beach, these ‘Ohana Class’ vessels will become one of the first natural gas-powered containerships to call on the U.S. West Coast and the first to service Hawaii. Both ships will surpass the International Maritime Organization (IMO) 2030 standards for ocean vessels with zero sulfur emissions, a 90 percent reduction in nitrogen oxide and 25 percent reduction in carbon dioxide as compared to liquid fuel oil.
M/V George III and M/V Janet Marie are the two LNG-powered container ships that will join Pasha Hawaii’s fleet serving Hawaii. The George III is expected to begin operation in Q4 2021 and the Janet Marie shortly thereafter. Ship construction is supported by Clean Energy’s Cryogenics division, which will perform tank conditioning and first LNG bunkering at Keppel AmFELS’ Brownsville, Texas shipyard.
“Named after my late parents, the M/V George III and the Janet Marie were specifically designed to utilize the latest in technologies to construct clean fuel ships that we hope will set a precedent for environmental sustainability within our shipping industry,” said George Pasha, IV, president and CEO of Pasha Hawaii. “These ships represent our commitment to our customers and the environmental health of both Hawaii and Southern California. Partnering with Clean Energy and World Fuel Services brings us one step closer to achieving this goal.”
The LNG that will power the Pasha Hawaii container ships will come from the Clean Energy plant in Boron, CA. Clean Energy is expanding the Boron LNG plant by adding a production train that increases production by 50 percent. For LNG delivery, World Fuel Services has contracted with West Coast Clean Fuels, LLC to transport and load the LNG into the ship fuel tanks. West Coast Clean Fuels provides end-to-end supply chain solutions for low-carbon fuels, such as LNG and hydrogen, to marine transportation operators on the U.S. West Coast.
“Pasha Hawaii has quickly become a leader in sustainability shipping with these new ships powered by LNG. The environmental benefits will result in the immediate reduction of air pollutants around the ports in Hawaii and Southern California,” said Andrew J. Littlefair, president and CEO, Clean Energy.
“World Fuel Services congratulates Pasha Hawaii and Clean Energy in their commitment to developing new LNG ships and supply. Together, we have made a significant step in providing cleaner marine fuels that positively impacts the marine industry and environment,” said Michael Kasbar, chairman and CEO, World Fuel Services Corporation. “As demand for cleaner fuel increases, World Fuel will continue to provide our customers with sourcing and logistics solutions to meet these requirements.”
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @CE_NatGas on Twitter.
About Pasha Hawaii
Pasha Hawaii, an independent operating subsidiary of The Pasha Group, is one of the nation’s leading domestic ocean shipping companies serving Hawaii from the continental United States. The company operates a fleet of six fully Jones Act-qualified vessels and operates out of multiple port terminals. Pasha Hawaii is a trusted partner for many of the nation’s leading retailers, manufacturers and U.S. government agencies, providing reliable containerized and roll-on/roll-off cargo services that leverage its unique combination of ocean transportation and inland distribution capabilities to deliver goods that are vital to the people of the State of Hawaii and the prosperity of the Hawaii market it serves.
About World Fuel Services
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. World Fuel Services sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions to its clients at more than 8,000 locations in more than 200 countries and territories through its Marine, Aviation, and World Kinect Energy Services divisions.
For more information visit www.wfscorp.com or www.world-kinect.com.
About West Coast Clean Fuels, LLC
West Coast Clean Fuels, LLC provides clean fuel delivery solutions for the marine transportation operators serving U.S. West Coast ports, including transpacific containerships and coastwise ferry and tugs. Working with clients and stakeholders, West Coast Clean Fuels designs and implements scalable fueling supply chains to link low-carbon fuel sources, such as LNG and hydrogen, with operators in a safe, reliable and efficient method.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties, and assumptions, including without limitation statements about the commencement of operations of the George III and the Janet Marie, the amount of LNG to be consumed, the environmental benefits of containerships operating on natural gas, and expansion of the Boron LNG plant. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Clean Energy Contact:
Raleigh Gerber
949-437-1397
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DUBLIN--(BUSINESS WIRE)--The "Global Shipping Container Market Size, Share & Trends Analysis 2021-2028 by Product (ISO, Non-standard), by Type (Dry, Reefer, Tank), by Size (20', 40', High Cube), by Flooring, by Application, by Region" report has been added to ResearchAndMarkets.com's offering.
The global shipping container market size is expected to reach USD 15.83 billion by 2028, expanding at a CAGR of 12.0% from 2020 to 2028
The market is expected to be driven by maritime trade, expanding penetration of the e-commerce industry, digitization in shipping container space, and increasing demand for specialized shipping containers by the department of defense.
20' and 40' are the most popular sizes of shipping containers as of 2021. Although based on application shipping containers are often manufactured in a variety of sizes such as 8', 10', 48', 53', and others. Their increasing demand for transportation of a variety of goods such as food, pharmaceutical, automotive components, and agricultural products is expected to support industry growth.
Trade agreements promote trade among the nations and favorably impact the demand for shipping containers. In November 2020, members of the Association of Southeast Asian Nations (ASEAN) and five regional partners signed the Regional Comprehensive Economic Partnership (RCEP), which is one of the largest free trade agreements in the world. Moreover, recently concluded multiple trade agreements including NAFTA, EVFTA, EU-UK Trade and Cooperation Agreement (TCA), and others are likely to fuel the growth of the market.
The significant developments in commercial vessels and innovation of efficient and better cargo ships equipped with advanced technology such as navigation systems, advanced sensors, and other components are accelerating the demand for cargo transportation through ships, which is further fueling the growth of the market.
The global e-commerce industry witnessed an exponential surge in the last few years, besides, the rising penetration of smartphones and the internet, especially in developing regions is anticipated to fuel the growth of the e-commerce industry further. The growth of the transportation industry on account of growing online retails is expected to benefit the shipping containers market.
Shipping Container Market Report Highlights
Market Dynamics
Market Driver Analysis
Market Restraint Analysis
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/6ls4ar
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Successful launch streamlines gates, reduces turn times at G&W UK terminals.
SOMERSET, N.J.--(BUSINESS WIRE)--#intermodal--Advent eModal, provider of the eModal® suite of applications that simplify and accelerate the flow of cargo across the intermodal supply chain, today announced the successful deployment of its Intermodal Manager™ rail solution at G&W’s Birmingham and Cardiff terminals in the UK. These terminals mark the first implementations of eModal at intermodal rail facilities and Advent eModal’s first installations in Europe.
At its core, the application provides a robust vehicle booking system (VBS), or appointment system, which enables the haulier community to book container drop-off and pick-up activities in advance of the truck’s arrival at the terminal. The system is tightly integrated with the IPRO® terminal operating system (TOS) provided by Tideworks Technology. Additionally, as part of its terminal technology modernization program, G&W has deployed the Camco gate management system at both Birmingham and Cardiff. The combination of these technologies has empowered G&W to automate upwards of 90 percent of gate transactions at these UK terminals, resulting in streamlined gates and significantly reduced truck turn times.
“We are excited to be working with such a great group of people at G&W’s UK operations and to have gone live with the Intermodal Manager VBS at Birmingham and Cardiff,” said Dennis Monts, COO of Advent eModal. “The G&W UK team has done a tremendous job of preparing the trucking community and terminal personnel for this change, as well as communicating with the project teams throughout the process. Thanks to their efforts, the go lives have been as smooth as we have seen. We could not be prouder of our team and to be associated with this project. We look forward to the rollout of VBS at the subsequent G&W UK sites.”
A Software as a Service (SaaS) solution, the VBS enables G&W UK operations to register trucking companies, their dispatchers and drivers; establish terminal appointment capacity; publish the availability of appointments to the community; and report on terminal activity. Registered trucking companies can now make appointments with the terminal for a single container pick up, a single drop off, or a combination of the two from a straight-forward, intuitive interface. The system provides the flexibility to book appointments by a variety of reference numbers, including customer reference, release reference and rail reference. In conjunction with the other technologies deployed, the VBS enables the terminal to drastically accelerate gate activities and balance the terminal’s workload, as well as reduces gate queues and turn times for the haulier community.
“We are extremely pleased with the outcomes at Cardiff and Birmingham,” stated Chris Lawrenson, Managing Director of G&W’s UK Terminals segment. “We are investing in technology to improve the customer and haulier experience and to help speed up the supply chain. The Advent eModal team has worked diligently to provide a VBS solution that meets our needs at two very different rail terminals within our network. Because of this, we are confident that the VBS could perform well at our other terminals and depots as we move forward with additional site deployments. Our technology modernization program is a large-scale initiative, and Advent eModal’s VBS is a critical component of the program and of its success.”
About Advent eModal
The eModal® platform serves as the world’s largest port community system serving intermodal operators in North, Central & South America, Australia and the United Kingdom. Active in every U.S. port complex, Advent eModal technology is at the core of operations in 8 of the top 10 largest port communities in North America. Core Advent eModal developed applications provide executional tools and APIs offering cargo visibility, terminal pre-advice & appointment setting, payment processing and data enabled business intelligence. Over 85 global port authorities and container terminals, over 200 inland depots and 160,000 users trust Advent eModal and its SaaS platforms like eModal.com, Chassis.com and eModal Data Services (EDS) to optimize daily operations and process over 200 million monthly cargo transactions. For more information, visit https://www.adventemodal.com.
About G&W
G&W owns or leases 116 freight railroads organised in locally managed operating regions with 7,300 employees serving 3,000 customers.
G&W’s UK/Europe Region companies include Freightliner, the UK’s largest rail maritime intermodal operator and second-largest freight rail provider, and Pentalver, a leading UK container logistics services provider as well as regional rail services in continental Europe.
Freightliner is an established rail freight provider offering customers a wide range of safe, reliable and cost-effective solutions to cater for the requirements of a diverse market sector. With an extensive offering of bulk freight transportation services as well as the 770,000 maritime containers we move per year by both road and rail, Freightliner provides the complete logistics package, ensuring satisfaction from port to door.
Pentalver’s strategically located off-dock facilities at Felixstowe, Southampton and London Gateway, along with their inland hub at Cannock, offer diverse container services such as road haulage, container storage, container repairs, refrigeration services and cargo handling. Pentalver is also one of the UK’s leading container sales and bespoke container conversions providers.
Harvey Bauer
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