MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions.
Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave technology to convert iron ore to metallic iron during the steelmaking process. The patent-pending process, one of a number of avenues the company is pursuing to try to lower emissions in the steel value chain, is now being further tested in a small-scale pilot plant.
If this and larger-scale tests are successful, there is the potential over time for this technology to be scaled commercially to process Rio Tinto’s iron ore fines.
Rio Tinto Iron Ore Chief Executive Simon Trott said, “We are encouraged by early testing results of this new process, which could provide a cost-efficient way to produce low-carbon steel from our Pilbara iron ore.
“More than 70 per cent of Rio Tinto’s Scope 3 emissions are generated as customers process our iron ore into steel, which is critical for urbanisation and infrastructure development as the world’s economies decarbonise. So, while it’s still early days and there is a lot more research and other work to do, we are keen to explore further development of this technology.”
Rio Tinto’s process uses plant matter known as lignocellulosic biomass, instead of coal, primarily as a chemical reductant. The biomass is blended with iron ore and heated by a combination of gas released by the biomass and high efficiency microwaves that can be powered by renewable energy.
Rio Tinto researchers are working with the multi-disciplinary team in the University of Nottingham’s Microwave Process Engineering Group to further develop the process.
The University’s Head of Department, Chemical and Environmental Engineering, Professor Chris Dodds, said, “It is really exciting to have the opportunity to be part of a great team working on a technology that, if developed to commercial scale, has the potential to have a global impact through decarbonising key parts of the steel production process.”
The use of raw biomass in Rio Tinto’s process could also avoid the inefficiencies and associated costs of other biomass-based technologies that first convert the biomass into charcoal or biogas.
Lignocellulosic biomass includes agriculture by-products (i.e. wheat straw, corn stover, barley straw, sugar cane bagasse) and purpose-grown crops, which would be sustainable sources for the process.
Importantly, the process cannot use foods such as sugar or corn, and Rio Tinto would not use biomass sources that support logging of old-growth forests.
Simon Trott said, “We know there are complex issues related to biomass sourcing and use and there is a lot more work to do for this to be a genuinely sustainable solution for steelmaking. We will continue working with others to understand more about these concerns and the availability of sustainable biomass.”
If developed further, the technology would be accompanied by a robust and independently accredited certification process for sustainable sources of biomass.
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Illtud Harri
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Ben Hernandez, CEO, Among 100 Most Intriguing Entrepreneurs at 2021 Builders + Innovators Summit
SKOKIE, Ill.--(BUSINESS WIRE)--#GSInnovators--Goldman Sachs (NYSE:GS) is recognizing NuMat Technologies CEO, Ben Hernandez, as one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit in Healdsburg, California.
Selected as one of 100 entrepreneurs from multiple industries to be honored at the two-day event, Ben Hernandez is the Co-Founder and CEO of NuMat Technologies, a chemistry design company that enables its partners in the electronics, life-science, and industrial sectors to achieve sustainability and innovation objectives, one molecule at a time. A pioneer in the field of programmable chemistries, NuMat designs materials to capture targeted molecules in industrial products and processes where purity matters most. From reducing greenhouse gas emissions in the chemicals value-chain, to purifying electronic materials used in semiconductor manufacturing, NuMat is solving critical industrial challenges at the smallest possible level.
“I’m honored to receive this award on behalf of the incredibly talented NuMat team. True innovation is hard and we’re grateful to Goldman Sachs for recognizing NuMat’s leadership in applying programmable chemistries to solve the problems that matter. We’re excited to continue executing on our vision of using chemistry to deliver transformational solutions that address generational challenges.”
“Innovation doesn’t happen just anywhere; it thrives where there’s a wide range of thoughts and perspectives,” said David M. Solomon, Chairman & CEO of Goldman Sachs. “One of our great strengths is our ability to bring together people from different walks of life and to spark conversations today that will lead to breakthroughs tomorrow. The leaders we’ve chosen to highlight at our Builders + Innovators Summit are truly remarkable, and we are pleased to recognize Ben Hernandez as one of this year’s most intriguing entrepreneurs.”
In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.
About NuMat Technologies
Innovating at the intersection of computationally-guided discovery, molecular design and precision engineering, NuMat Technologies builds products that deliver solutions for the electronics, life-science, and industrials sectors. NuMat is a pioneer in programing materials to direct molecular interactions across wide-ranging industrial products and processes. NuMat provides a total solutions platform for product commercialization, integrating chemistry design with application development and manufacturing expertise for our customer and partners. Visit us at www.numat-tech.com
Jill Johnson
847.929.4186
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WUXI, JIANGSU, China & SAN JOSE, Calif.--(BUSINESS WIRE)--#DSF--Chinese vehicle equipment manufacturer E-Quality Tec, Inc. and American propulsion efficiency software company Tula Technology, Inc. have signed a strategic agreement to collaborate initially on three main objectives:
“E-Quality and Tula are focused on the goals of 2030 CO2 peak emissions and 2060 CO2 neutral emissions for China vehicles,” said Tom Li, CEO of E-Quality. “Our relationship is based on resource sharing and a win-win proposition to maximize the technical advantages of both our companies. After considerable due diligence, we determined that Tula's technology delivers the superior benefits in fuel savings and emissions reductions necessary to comply with CN VI as well as future, more stringent standards. We believe cooperation between E-Quality and Tula will have the effect of ‘1 + 1 > 2’ while allowing us to provide better options and service to our customers as China's transportation industry continues to transform.”
“We are very pleased to be partnering with E-Quality and believe our two technologies together will enable a meaningful reduction in NOX and CO2 emissions while improving fuel efficiency in commercial vehicles,” said R. Scott Bailey, President and CEO of Tula. “This cooperation agreement creates a path forward for all companies in China’s diesel vehicle market to meet increasingly stringent emissions standards. Tula is proud to play a role in such an important endeavor for China’s future and for our planet’s future.”
About E-Quality Tec, Inc.
E-Quality is a leading domestic commercial vehicle powertrain electronic controllers and solutions provider. Founded in August 2017 by Tom Li, an innovative entrepreneur from Jiangsu Province, E-Quality has a core competitive advantage owing to deep experience in production, short development cycles, fast response times, and comprehensive maintenance services. E-Quality has been keeping a stable cooperation with well-known domestic commercial vehicle and parts manufacturers such as Yuchai Machinery Group, Yunnei Group, Dongfeng Trucks, SANY, QuanChai Group, Caterpillar, BorgWarner, etc.
E-Quality has a strong foothold in the diesel engine ECU market and is actively expanding to a full range of powertrain products. E-Quality is committed to providing commercial vehicle electronic controllers, including drive-by-wire autonomous driving solutions and outsourcing services. The mission of the company is to create value for the clients with an outstanding engineering team.
About Tula Technology, Inc.
Silicon Valley-based Tula Technology provides innovative award-winning software controls to optimize propulsion efficiency and emissions across the mobility spectrum, including gasoline-powered, diesel, alternative fuel, hybrid, and electric vehicles. Tula’s culture of innovation has resulted in breakthrough technology and a robust global patent portfolio of more than 378 patents issued and pending. Tula Technology is a privately held company backed by Sequoia Capital, Sigma Partners, Khosla Ventures, GM Ventures, BorgWarner and Franklin Templeton. More information is available at www.tulatech.com.
E-Quality Tec, Inc.
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Collaboration to scale green hydrogen throughout industrial and mobility sectors, while advancing development of key hydrogen infrastructure and fueling capabilities
HOUSTON & LATHAM, N.Y.--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) and Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced that the companies have signed a memorandum of understanding to collaborate on the development of low-carbon hydrogen business opportunities.
Phillips 66, which has 13 wholly owned and joint venture refineries in the U.S. and Europe, owns extensive hydrogen-related infrastructure and uses hydrogen in the manufacturing of transportation fuels. With over 20 years of history, and customers like Amazon, Walmart and Home Depot, Plug Power is a leader in hydrogen fuel cells and electrolyzers. The company has begun construction on state-of-the-art green hydrogen production facilities in California, New York, Tennessee and Georgia that will ultimately supply 500 tons per day of liquid green hydrogen by 2025.
As part of this agreement, the companies will explore ways to deploy Plug Power’s technology within Phillips 66’s operations, leveraging Plug Power’s experience as a full value chain provider within the hydrogen economy. Plug Power will benefit from Phillips 66’s capabilities as a developer of large-scale energy infrastructure, operator of industrial-scale hydrogen production facilities, and presence in the fuels marketing segment in the U.S. and Europe.
“We are excited to team up with Phillips 66 to take advantage of its rich history in the energy industry and forward momentum in the energy transition,” said David Bow, Executive Vice President of Electrolyzers Solutions at Plug Power. “Phillips 66 stands to help us meet our goal of producing 1,000 tons per day of green hydrogen while deploying cost-efficient solutions within the renewable fuels sector.”
The companies’ memorandum of understanding provides a framework for working together on three key objectives:
“We believe hydrogen is an important pathway for hard-to-electrify industries in a lower-carbon energy landscape,“ said Heath DePriest, Vice President of Phillips 66’s Emerging Energy group, which is focused on building lower-carbon business platforms. “Hydrogen is a key component of our diversified Emerging Energy portfolio strategy.”
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $57 billion of assets as of June 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
About Plug Power
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell technology. As a result, the Company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power’s vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers. Learn more at www.plugpower.com.
PLUG POWER SAFE HARBOR STATEMENT
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc.(“PLUG”), including but not limited to statements about PLUG’s expectations regarding its multi-year investment and growth, PLUG’s clean hydrogen technology and fuel cell solutions playing a critical role in achieving climate and decarbonization goals, deepening of relationships with key stakeholders, and acceleration of demand and adoption of hydrogen technology. You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission, including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.
PHILLIPS 66 CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized, and involve risks and uncertainties, many of which are beyond Phillips 66’s control, including but not limited to regulatory approvals and market conditions. A discussion of factors that may affect future results is included in Phillips 66’s filings with the Securities and Exchange Commission. Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.
Phillips 66
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Oil-rich Nordic nation deemed ‘most prepared’ and ‘ready’ to reach Net Zero by 2050
LONDON--(BUSINESS WIRE)--#NZRI--The oil-rich Nordic nation of Norway has been ranked number one in KPMG’s first-ever Net Zero Readiness Index (NZRI).
The report compares the progress of a selection of countries in reducing the greenhouse gas emissions that cause climate change and assesses their preparedness and ability to achieve Net Zero by 2050. Using 103 indicators, recognized as key drivers to achieving Net Zero, the top 25 performing countries and seven ‘countries to watch’ were identified.
Despite being one of the world’s largest oil and gas exporters, Norway topped this year’s NZRI, partly due to private and public investment in renewable energy and electrified transport across the country. In 2016, the Norwegian parliament voted to bring forward its target date for carbon neutrality from 2050 to 2030. However, despite their top ranking, the nation still faces significant decisions over how it continues to tackle challenges in their transition to net zero.
The UK, which is preparing to host the COP26 Climate Summit next month, took overall second place, due in-part to cross-party political support and clear legally-backed targets that have enabled the comparatively swift decarbonization of the country’s power generation sector, but many obstacles remain – particularly on heat and buildings.
Norway’s Nordic neighbor, Sweden, ranked third for being ‘highly ambitious’ and an international advocate for climate policy, green energy and technology. The country’s next step to Net Zero is to reduce its continued reliance on agricultural exports and imports.
Key findings from the Index include:
The NZRI top 25 countries were:
1) Norway
2) United Kingdom
3) Sweden
4) Denmark
5) Germany
6) France
7) Japan
8) Canada
9) New Zealand
10) Italy
11) South Korea
12) Spain
13) Hungary
14) United States of America
15) Singapore
16) Chile
17) Australia
18) Brazil
19) Poland
20) China
21) Malaysia
22) Argentina
23) Mexico
24) Turkey
25) United Arab Emirates
The seven countries to watch were:
India
Indonesia
Nigeria
Russia
Saudi Arabia
South Africa
Thailand
The publication of the Net Zero Readiness Index comes ahead of November’s crucial COP26 Climate Summit in Glasgow. The United Nations outlines that greenhouses gases in the atmosphere are at their highest level for three million years, driving a global temperature increase of 0.85 degrees Celsius between 1880 and 2012 and a rise in sea-levels of 19cm. Political and business leaders are becoming increasingly aligned that immediate action is required to stop the catastrophic social, environmental and economic impacts further temperature rises could have on the planet.
Richard Threlfall, Global Head of KPMG IMPACT, said:
“Climate change is the existential challenge facing humanity, but we need to face what seems like an overwhelming challenge with positivity and a sense of collective responsibility. It is vital that every individual, organization and country collaborates to an unprecedented degree, and with transparency and honesty. I hope that the NZRI will encourage countries that have a long way to go to learn from those who are making the most progress, and encourage everyone who reads it to play their part in getting us to Net Zero.”
Mike Hayes, Global Head of Climate Change & Decarbonization at KPMG, commented:
“Over the past 18 months, we have witnessed a phenomenal and welcome rise in net zero and science-based targets commitments from the public and private sector and national Governments. As a result, we’re starting to see businesses take a more proactive approach to addressing their decarbonization objectives. The fundamental challenge for business however is how to move from making commitments to delivering them and stakeholders will want to see progress before too long. It is clear that the business community and political leaders are responding to the crisis, but there is clearly much more that could and should be done. KPMG’s Net Zero Readiness Index highlights the patchwork effect that we’re now starting to see globally. From territory to territory, different priorities are having different effects. With COP26 a matter of weeks away, this is our moment to learn from each other and ensure world and business leaders take a collaborative action-focused approach to the climate challenge and help make net zero a reality before it is too late.”
The 2021 Net Zero Readiness Index was produced by KPMG IMPACT, established last year to support and empower the global organization and KPMG firms’ clients in delivering on the UN’s Sustainable Development Goals – from ESG & Sustainability to Economic & Social Development, Sustainable Finance, Climate Change and Decarbonization and Measurement, Assurance & Reporting.
Notes to Editors
About the Net Zero Readiness Index (NZRI)
The Net Zero Readiness Index (NZRI) is a tool that compares the progress of 32 countries in reducing the greenhouse gas emissions that cause climate change and assesses their preparedness and ability to achieve Net Zero by 2050. The 32 participating countries have been grouped into two categories: the top-performing 25 countries in the race to Net Zero based on progress to-date and established initiatives; and seven countries to watch where there are significant opportunities to advance decarbonization efforts through large scale projects and emerging escalation initiatives. For each of the 32 countries, the NZRI considers 103 indicators that KPMG considers as key drivers to achieving Net Zero. The indicators have been split between national preparedness and sector readiness. National preparedness considers a country’s national commitment to decarbonize, its past decarbonization performance, country-specific drivers of emissions such as population growth, and the national enabling environment for decarbonization. Sector readiness covers electricity and heat; transport; buildings; industry; and agriculture, land use, land use change and forestry (in the report referred to as agriculture, land use and forestry). The index looks at the indicators for sector readiness through three lenses: decarbonization status, government action and delivery capability. The indicators are aligned to the fifth assessment report of the UN’s Intergovernmental Panel on Climate Change published in 2014 and insights from KPMG experts in each country providing local context and insight into challenges, successes and imminent initiatives. The intended audience for the NZRI is governments and the public sector, multilateral organizations, investors and financial institutions, the private sector and the general public. It is likely to be of particular interest to any entity, department, business or person with an interest or responsibility in advancing the Net Zero agenda. This study uses the World Resources Institute definition of ‘Net Zero’. Primarily, this involves reducing greenhouse gas emissions caused by humans as close as possible to zero. Remaining emissions are balanced by an equivalent amount of carbon removal from the atmosphere, effectively neutralizing humanity’s future impact on the world’s climate. The main greenhouse gas is carbon dioxide, and work towards Net Zero is often called ‘decarbonization’ to reflect the focus on this gas, which is released when fossil fuels are burnt. However, emissions of methane and nitrous oxide also make significant contributions to climate change and are included in this index.
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HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release third quarter 2021 earnings results on Wednesday, October 20, 2021.
What: Kinder Morgan Third Quarter ‘21 Earnings Results Webcast
When: October 20, 2021, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-630-395-0255 and entering the passcode 1028939.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on November 20, 2021. To access the replay, please dial 1-203-369-1213 and enter passcode 83475.
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, 144 terminals and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, 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. For more information, please visit www.kindermorgan.com.
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Dave Conover
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Funding led by Upper90 to fuel continued growth and innovation
HOUSTON--(BUSINESS WIRE)--e2log, supply chain technology innovator, is pleased to announce another round of funding. The process was led by New York-based Upper90, a hybrid fund providing founder-friendly credit and equity to leading disruptors in e-commerce, enterprise and fintech. A team of individual investors with significant technology and software experience also participated in this round. Douglas Gilstrap will be joining the e2log Board as a representative of the investor group.
The funds will support additional technology innovation, enhance global connectivity, and drive sales and marketing initiatives.
“Recent global turmoil from supply chain disruptions highlights the lack of technology — as well as the need for more in this space,” said Adolph Colaco, e2log CEO. “This round of funding brings more exceptional investors into our portfolio to support and guide us as we continue challenging the conventional way enterprises manage their supply chains.”
A new approach to logistics
e2log’s unique Enterprise Logistics Management System helps cargo owners and shippers manage the end-to-end supply chain process for complete order lifecycle management. The e2log solution allows supply chain teams across the enterprise to work on a single platform and manage both international as well as domestic logistics for all types of cargo via all modes of transportation. The platform greatly simplifies otherwise complex logistics processes, helping cargo owners and shippers gain control of their supply chains.
"No matter the size or stage, offline or online, every business faces supply chain challenges. e2log is delivering an integrated platform that improves efficiency, transparency and cost savings at every point in the cycle," said Billy Libby, CEO and founder, Upper90. “We're proud to be an early partner in e2log, helping them accelerate growth with less dilution."
About e2log
Texas-based e2log was founded in 2018 by a team of seasoned supply chain executives with a mission to simplify global logistics and help cargo owners and shippers significantly improve control of their supply chains. The company has since built a cloud-based platform which helps save shipping costs, significantly improves process efficiency, and measures performance of each component of the supply chain, while delivering unprecedented visibility and transparency. More information on e2log can be found at www.e2log.com.
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced it will host a conference call and webcast at 11:00 a.m. ET/10:00 a.m. CT on Wednesday, November 10, 2021 to discuss its financial results, the Company's business, and outlook. Hyliion plans to report its third quarter 2021 financial results after the market close on Tuesday, November 9, 2021.
Hyliion Third Quarter 2021 Results Conference Call
Date: Wednesday, November 10, 2021
Time: 11:00 a.m. ET/10:00 a.m. CT
Conference Call Online Registration: http://www.directeventreg.com/registration/event/2279822
Webcast: https://investors.hyliion.com/events-and-presentations/default.aspx
An archived webcast of the conference call will be accessible on the Investor Relations section of the Hyliion website.
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Hyliion Holdings Corp.
Louis Baltimore
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Ryann Malone
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DUBLIN--(BUSINESS WIRE)--The "Global Solar Panel for Electric Vehicle and Chargers Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Solar Panel for Electric Vehicle & Chargers Market is likely to grow at a CAGR of around 35% during 2021-2026.
The growth is attributed to low prices associated with solar charging and surging research and development activities for developing more advanced electric vehicles. Further, burgeoning concerns regarding environmental pollution also fuel the demand for solar panels in electric vehicle charging.
Low Charging Costs Boost Market Growth
One of the most crucial factors driving the Solar Panel for Electric Vehicles and Chargers Market is the surging prices of petroleum products. Consumers from various emerging countries are adversely affected by the high cost of petrol. Therefore, the demand for a solar-powered electric vehicle is significantly rising across the globe. Additionally, solar panels are the energy-efficient source of charging, thereby positively influencing the market growth.
Impact of COVID-19
The sudden outbreak of the COVID-19 pandemic has adversely affected the Global Solar Panel for Electric Vehicles and Chargers Market due to the lockdown imposed and restrictions on cross-border trade, disrupting the supply chain. Further, the temporary shutdown of large-scale manufacturing units and assembly plants throughout the world has negatively affected the production of solar panels.
The imposition of lockdown and stringent restriction rules undertaken by the government negatively influenced the overall growth of the automotive industry. However, as the government has started relaxing norms for resuming business activities, the Global Solar Panel for Electric Vehicles and Chargers Market is very likely to witness substantial growth in the forecast period.
Passenger Electric Vehicles Accounted for the Largest Market Share
Based on the Vehicle Type, the market segments into Passenger Electric vehicles, Commercial Electric vehicles, and Electric two-wheelers& three-wheelers. Among these segments, the Passenger Electric vehicles acquired the largest share in the Global Solar Panel for Electric Vehicles and Chargers Market in the past few years.
It owes to changing consumer lifestyles and their burgeoning purchase power, which aids the sales of premium passenger electric cars. Additionally, the efficiency of the solar-powered electric car is very high, thereby fueling the segment growth and driving the overall market.
Level 2 Dominated the Market
Based on Changing Levels, the market bifurcates into Level 1, Level 2, and Level 3. Of these levels, Level 2 captured a significant share in the Global Solar Panel for Electric Vehicles and Chargers Market in the previous few years. The segment growth owes to the surging government focus on public & semi-public charging stations for providing services like overnight charging.
In addition to this, rising consumer preference to use Level 2 chargers as private charging stations at their home is another prime factor propelling the segment growth.
Asia-Pacific Attained the Highest Market Share
Geographically, Asia-Pacific held the largest share in the Global Solar Panel for Electric Vehicles and Chargers Market in the previous few years. It owes to the burgeoning demand for electric vehicles in the emerging countries of the region. Additionally, the mounting purchasing power of the middle-class populace further aids the sales of EVs in Asia-Pacific, which, in turn, fuels the demand for solar panels for charging the vehicle.
Further, the availability of economic labor is beneficial to expand the automobile industry in the region, thereby helping in propelling the growth of the Solar Panel for Electric Vehicles and Chargers Market.
Key Questions Answered
1. What are the overall market statistics or estimates (Market Overview, Market Size - by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Solar Panel for Electric Vehicles and Chargers Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Solar Panel for Electric Vehicles and Chargers Market?
4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Solar Panel for Electric Vehicles and Chargers Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Solar Panel for Electric Vehicles and Chargers Market study?
Major Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/icsr4y
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--#energytransfer--Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the third quarter of 2021 on Wednesday, November 3, 2021, after the market closes.
The company will also conduct a conference call on Wednesday, November 3, 2021 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.
The information contained in this press release is available on our website at energytransfer.com.
Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795
Media Relations:
Vicki Granado
214-840-5820
DUBLIN--(BUSINESS WIRE)--The "Global Green Hydrogen Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the market is likely to grow at a CAGR of around 15.7% during the forecast period of 2021-2026.
The market growth owes to the rapidly surging demand and opportunities for green hydrogen in several sectors that shall eventually enable various companies to benefit from a flooding hydrogen fuel economy. Oil & gas companies continue to demand green hydrogen to reduce using fossil fuels, thereby likely to drive the perception of hydrogen as an energy carrier and propel the demand for green hydrogen in the forecast years.
The most prominent factor driving the growth of the market is the increasing demand for renewable energy resources. Besides, the adoption rate of green hydrogen is increasing astronomically due to the massive government investments & subsidies to promote clean fuel usage, including hydrogen. Such resources are the eco-friendly alternatives to fossil fuels, which is likely to drive the Global Green Hydrogen Market massively in the forecast years.
Impact of COVID-19
The outbreak of the Covid-19 pandemic did not adversely affect the Global Green Hydrogen Market. However, the demand for green hydrogen reduced amidst the pandemic. To avoid the spread of the virus, many governments countries across the globe imposed strict restrictions and lockdown norms that brought delays and disruptions in business activities. Additionally, the demand for products & raw materials and manufacturing facilities weakened product & service demand. Furthermore, the automotive industry also witnessed the scarcity of raw materials for manufacturers. However, government initiatives are likely to boost the Green Hydrogen demand post the COVID-19 pandemic.
Onshore Location Attains the Largest Market Share
Based on the location, the Global Green Hydrogen Market segments into Onshore and Offshore Locations. Here, the Onshore Location is likely to attain the largest market share in the forecast period. It owes prominently to the cost of electricity in the Onshore Location procured from solar panels, massively increasing the production of Green Hydrogen. Furthermore, the production of green hydrogen is increasingly becoming substantially economical due to the continuously reducing costs of solar photovoltaic & wind electricity generation. Hence, these factors are likely to drive the segment to attain the largest share of the Global Green Hydrogen Market in the forecast years.
Offshore Location to Witness the Fastest Market Growth
The Offshore Location segment shall attain the fastest market growth in the forecast years due to the rapidly growing demand and supply of green hydrogen and the growing interest from industry and market players in exploring & enabling routes to market for the large-scale production of hydrogen from offshore locations, including potential export. Hence, the segment is likely to attain the fastest growth in the coming years, states the author research report, "Global Green Hydrogen Market Analysis, 2021."
North America to Attain for the Largest Market Share
The Global Green Hydrogen Market is expanding exponentially where North America is likely to attain the largest market share in the forecast period. It owes prominently to the well-articulated & favorable government policies concerning low emission transportation systems in the US. Furthermore, progress in carbon neutralization transportation is also propelling the demand for green hydrogen, fueling the growth of the Global Green Hydrogen Market with the largest market share in the forecast years.
Key Questions Answered
Major Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/1ydcvr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the defense/space, energy/new energy and chemical/petrochemical industries, announced that it will release its second quarter fiscal year 2022 financial results before the opening of financial markets on Wednesday, October 27, 2021.
The Company will host a conference call and webcast to review its financial and operating results, strategy and outlook. A question-and-answer session will follow.
Second Quarter Fiscal Year 2022 Financial Results Conference Call
Wednesday, October 27, 2021
11:00 a.m. Eastern Time
Phone: (201) 689-8560
Internet webcast link and accompanying slide presentation: www.graham-mfg.com
A telephonic replay will be available from 2:00 p.m. ET on the day of the teleconference through Wednesday, November 3, 2021. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13723731 or access the webcast replay via the Company’s website at www.graham-mfg.com, where a transcript will also be posted once available.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the defense/space, energy/new energy and chemical/petrochemical industries. The Graham and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenics, and turbomachinery technologies, as well as the Company’s responsive and flexible service and unsurpassed quality.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
Jeffrey F. Glajch
Vice President - Finance and CFO
Phone: (585) 343-2216
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Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
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Volta to be the exclusive EV charging partner for select Floor & Decor locations
SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, is partnering with Floor & Decor, a leading specialty retailer of hard-surface flooring, to make EV charging accessible to its customers at their warehouse stores across the United States. The charging stations are slated to be in place for customers at 8 Floor & Decor locations by the end of 2021, with more stations nationwide in 2022.
Floor & Decor offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone, laminate, and luxury vinyl plank under one roof. The addition of Volta stations will provide Floor & Decor customers with an additional, high-value service as they shop.
“Floor & Decor strives to make a positive impact in the communities where we live and work, and the addition of Volta charging stations provides both convenience and the ability for our customers to lower their environmental impact,” said Brandon Shah, Senior Manager, Real Estate Consolidated Systems of Floor & Decor.
Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.
“Volta’s mission is to offer convenient, reliable electric vehicle charging at the places people go, by showing that people can fuel up where they drive, not drive to fuel,” said Scott Mercer, Founder and CEO of Volta. “EV charging is an ideal service for businesses, such as Floor & Decor, who want to show that they care about creating a superior shopper experience as well as environmental impact.”
About Volta
Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the electric vehicle (“EV”) charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Annual Report on Form 10-K, as amended, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
About Floor & Decor
Founded in 2000, Atlanta-based Floor & Decor is a leading high growth specialty retailer of hard-surface flooring, operating 147 warehouse stores and two design studios in 33 states at the end of the second quarter of fiscal 2021. The stores offer homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone, laminate, and luxury vinyl plank, under one roof. In addition, Floor & Decor stocks the necessary tools, decorative materials, wall tile, and related accessories for hard-surface flooring projects. Stores carry over 1 million square feet of in-stock flooring and offer free design services, as well as a dedicated pro sales team. The company directly sources products from manufacturers around the globe, which enables it to bring the world’s best and most innovative flooring trends to its customers, at everyday low prices. Floor & Decor has locations nationwide, but each store is bolstered by a local focus that creates a store experience and mix of products that meet the needs of each market served. Additional company information can be found at www.flooranddecor.com and on Facebook.
Sabrina Strauss
Goodman Media International, Inc.
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Companies will support housing authorities in Rhode Island developing three new solar projects across the state
PROVIDENCE, R.I.--(BUSINESS WIRE)--#energy--Two New England leaders in the development of sustainable energy solutions -- Nautilus Solar Energy (Nautilus) and Veolia North America (VNA) -- are joining forces to support members of the Public Housing Association of Rhode Island (PHARI) in a visionary project which will provide guaranteed energy savings to area Housing Authorities and bring electricity to thousands of low-income residents across the state from safe, clean, renewable solar projects.
The ambitious effort, one of the first in the nation to aggregate multiple public housing authorities under a single renewable energy contract, will entail the construction of three solar panel fields covering more than 55 acres in all. The panels will provide power to nine separate housing authorities in Rhode Island. Located primarily in the towns of Exeter and Smithfield, the fields will provide over 20 million kilowatt hours of electricity to housing authorities in Providence, North Providence, Newport, Cranston, Smithfield, Warwick, Warren, Bristol and Lincoln. The agreements will provide guaranteed savings against prevailing electricity supply rates, which will lower the operating budgets of the housing authorities in a region with some of the highest energy costs in the nation.
The project is expected to lead to approximately $30 million in energy cost savings over the next 20 years.
“We’re proud to bring our experience partnering with PHARI to support innovations that provide clean renewable energy for everyone in Rhode Island, and on a broader scale, the ecological transformation that needs to happen everywhere,” said Mike Byrnes, Veolia North America senior vice president and chief executive officer of SourceOne, VNA’s energy consulting company. SourceOne has been an energy advisor to PHARI for over 10 years, providing energy procurement and risk management services to all of its member organizations.
“This partnership is significant as it epitomizes Nautilus’s pledge to provide equitable, affordable access to community solar for all Rhode Islanders,” said Jim Rice, co-Founder and co-CEO of Nautilus. “We were proud to work alongside Veolia North America and PHARI members on these important and ground-breaking projects,” added Jason Su, structuring associate at Nautilus. “This was the first remote net-metering project in which a group of individual housing authorities worked together to leverage their buying power. As a result, hundreds of public housing residents will benefit from these clean affordable solar projects.”
With Veolia North America advising PHARI, Nautilus was selected by the Board of Commissioners at each of the nine housing authorities to be the sole developer for community solar projects, from start to finish. Veolia North America through SourceOne supported PHARI throughout the process, providing expertise on the scope and technical solutions to optimize sustainability and cost efficiency.
“Every housing authority in Rhode Island is working to provide the highest quality affordable housing possible with limited budgets,” observed Robert Coupe, PHARI co-president and executive director of the Cranston Housing Authority. “Our partnership with Veolia North America/SourceOne and Nautilus will dramatically reduce utility costs for many years to come, freeing valuable resources to invest in property maintenance, facility improvements and operational support. By supporting the growth of renewable energy projects, we will improve the quality of life for future generations while enhancing our ability to serve current residents,” concluded Coupe.
As the long-term owner of the portfolio, Nautilus will be responsible for overseeing construction, ongoing management and maintaining long-term performance for the life of the projects, estimated at 25 to 30 years. The energy generated from the projects will be fed into the electric utility territory of The Narragansett Electric Company (NEC), a subsidiary of National Grid. The projects are in the early stages of development and expected to start construction in the first half of 2022.
About Nautilus Solar Energy, LLC: Nautilus Solar Energy, LLC is a leading owner-operator of solar projects serving the community solar market and corporate customers throughout the United States. A pioneer in solar energy since 2006, Nautilus is committed to creating a clean, sustainable future by offering an equitable and affordable renewable energy choice. Through its Community Solar initiative, Nautilus is making solar energy available to a broader marketplace, including low to middle income (LMI) households and unrated businesses that wish to reduce their carbon footprint and utility bills.
Nautilus is wholly owned by Power Sustainable, a global multi-platform alternative asset manager with a long-term investment approach focused on sustainable strategies. Nautilus owns solar projects throughout their entire lifecycle enabling Nautilus, along with entrusted local partners, to fulfill its promise of creating a better world by powering communities with clean energy for the long term.
For more information on Nautilus Solar Energy visit https://nautilussolar.com/.
About Veolia: The Veolia Group's ambition is to be the benchmark company for the ecological transition. With operations on every continent and almost 179,000 employees, the Group designs and distributes useful, concrete solutions for the management of water, waste, and energy, which help bring about radical change. Through its three complementary activities, Veolia is growing access to resources, preserving the resources available, and renewing them. In 2020, the Veolia Group provided 95 million people with drinking water and 62 million with sanitation; it generated almost 43 million megawatt hours and recycled 47 million tons of waste. Veolia Environnement (Paris Euronext: VIE) posted consolidated sales of €26.010 billion in 2020. www.veolia.com
About Veolia North America: A subsidiary of Veolia group, Veolia North America (VNA) offers a full spectrum of water, waste and energy management services, including water and wastewater treatment, commercial and hazardous waste collection and disposal, energy consulting and resource recovery. VNA helps commercial, industrial, healthcare, higher education and municipality customers throughout North America. Headquartered in Boston, Mass., Veolia North America has more than 7,000 employees working at more than 250 locations across the continent. www.veolianorthamerica.com
Matt Burgard
Veolia North America
(203) 859-4168
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Carlene Pruitt
Nautilus Solar
(908) 795-3041
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ANNAPOLIS, Md.--(BUSINESS WIRE)--$HASI #earnings--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2021 results after market close on Thursday, November 4, 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time).
The conference call can be accessed live over the phone by dialing 1-844-200-6205 or for international callers, +1-929-526-1599. The participant access code is 653037. A replay will be available two hours after the call and can be accessed by dialing 1-866-813-9403 or for international callers, +44 204-525-0658. The access code for the replay is 112851. The replay will be available until November 11, 2021.
Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors section of the Company's website at www.hannonarmstrong.com. The online replay will be available for a limited time beginning immediately following the call.
To learn more about Hannon Armstrong, please visit the Company's website at www.hannonarmstrong.com. In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, Hannon Armstrong uses its website as a channel of distribution of material Company information. Financial and other material information regarding Hannon Armstrong is routinely posted on the Company's website and is readily accessible.
ABOUT HANNON ARMSTRONG
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $8 billion in managed assets, Hannon Armstrong’s core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.
INVESTOR INQUIRIES
Chad Reed
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410-571-6189
BEVERLY, Mass.--(BUSINESS WIRE)--In a historic breakthrough for local clean energy, an electric school bus in Beverly, Massachusetts successfully delivered power back to the electricity grid for more than 50 hours over the course of the summer. This is the first time an electric school bus has been leveraged as an energy resource by the regional utility National Grid in New England and among the first instances in the United States that an electric school bus has supported the electric grid in this way.
In conjunction with Highland Electric Fleets and National Grid, a Thomas Built Buses Saf-T-Liner C2 Jouley® electric school bus equipped with a Proterra Powered™ battery system discharged nearly three megawatt-hours of electricity stored in the bus to the regional electric grid over the course of 30 events this summer.
Highland, who provides the bus, chargers, and all electricity to Beverly Public Schools under a mileage-based subscription, worked with National Grid to ensure that the site was prepared for energy discharge and coordinated participation in their Connected Solutions Daily Dispatch program. Under this program, National Grid utilized the energy stored in the electric school bus battery on 30 different occasions over the summer to lower demand on the grid during times of peak demand.
“Highland is thrilled to be a part of this groundbreaking program as the integrator of industry-leading technology, forward thinking energy policy, and tremendous community leadership to solve some of the country's toughest challenges. We're so honored to support those on the ground making amazing stories like this come to reality every day,” said Duncan McIntyre, CEO of Highland.
“By delivering stored clean energy back to the grid when it’s needed most, electric school buses can help create a more resilient local power system and reduce the dependence on expensive fossil fuel power plants,” said Gareth Joyce, President of Proterra. “Switching to zero-emission, electric school buses signals a transformational shift towards clean transportation and clean energy to help protect the health of our children and the communities they live in.”
Thomas Built’s Saf-T-Liner C2 Jouley with Proterra’s bidirectional charging system managed the charging and discharging of the electric school bus back into the grid.
By sending electricity back to the grid when demand for electricity was at its highest and most expensive, the school bus helped reduce local emissions and decreased the need to fire up costly fossil fuel “peaker” plants. National Grid compensates participants in this program for their energy services, incentivizing the use of distributed energy resources to strengthen the local grid.
Participation in National Grid’s program marks an important step in closing the up-front cost gap between traditional diesel school buses and electric school buses, as revenue from vehicle-to-grid (V2G) programs offer a unique means to improve the economics of electric school bus ownership.
The average school bus transports students for approximately six hours a day, 200 days annually, and are otherwise parked or idled when not in operation. This is particularly true during summer months, when demand for electricity is often at its highest and clean energy stored in idled electric school buses can provide an energy resource to the grid.
“We are proud to have added several customers and vendors to our programs this year that are using vehicle-to-grid technology. This underlines the strength of the technology neutral approach of the Connected Solutions Daily Dispatch program. Through this single program we have enrolled batteries, fuel cells, thermal storage, V2G, and many other technologies without needing to confuse customers and vendors with separate programs and incentives for each technology,” said John Isberg, Vice President of Customer Sales and Solutions at National Grid.
In Beverly, Highland provided a turnkey, fixed-price subscription that eliminated up front cost, risk, and complexity of managing the electric school bus, and allowed Beverley to benefit from the V2G services provided by the bus through a lower subscription price. This type of public-private partnerships allows school districts to capture the value of a V2G program and fully unleash the potential of electric school buses.
“Beverly is proud to lead in electrifying our school bus fleet and to be at the forefront nationally, to successfully discharge battery stored electricity back to the grid. We look forward to taking full advantage of the economic, environmental and operational benefits that V2G technology offers. We truly appreciate our valuable partners – Highland Electric Fleets, National Grid and Proterra – whose collaboration has made this project a huge success,” said Beverly Mayor Mike Cahill.
The Saf-T-Liner C2 Jouley couples 226 kWh of total energy capacity from Proterra’s industry-leading battery technology, the highest standard battery capacity in the industry, with a Proterra electric drivetrain to offer unparalleled energy efficiency and up to 135 miles of drive range to meet the needs of school bus fleets.
About Proterra
Proterra Inc (NASDAQ: PTRA) is a leader in the design and manufacture of zero-emission electric transit vehicles, EV technology solutions for commercial applications, and fleet charging solutions. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered, and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles.
About Highland Electric Fleets
Highland Electric Fleets is a provider of turnkey fleet solutions delivering the latest in zero-emission technologies to school districts and fleet managers. Highland teams up with transportation directors and community leaders to cut the cost and complexity of transitioning school buses to electric vehicles with simple and affordable Electric Fleet Subscription Plans. More information is available at www.highlandfleets.com.
About National Grid
National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions. As part of our commitment to a clean energy future, National Grid is a Principal Partner for COP26, the UN global climate summit, which will be located in the UK in November 2021.
For more information, please visit our website, follow us on Twitter, watch us on YouTube, like us on Facebook, and find our photos on Instagram.
Duncan McIntyre
Chief Executive Officer
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Commercial Sales Executive with Extensive Battery Expertise to Lead Commercial Battery Supply Initiatives in the EMEA (Europe, the Middle East, and Africa) Markets
TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced the appointment of Manfred Schmidt as Commercial VP, Battery Supply for Europe, the Middle East and Asia (“EMEA”), effective immediately. Focused on the EMEA markets, Mr. Schmidt will oversee Li-Cycle’s battery supply customer team, existing and new battery supply customer relationships, and execution of its business development strategy in those regions.
Mr. Schmidt brings more than 20 years of experience with commercial business development and customer relations to his new role with Li-Cycle, having spent 14 years in the battery industry. He will support the Company’s execution of its global expansion plans as it brings its commercial lithium-ion recycling technologies to the EMEA markets. Mr. Schmidt will report to Li-Cycle’s Chief Commercial Officer (CCO), Kunal Phalpher.
"We believe the EMEA regions present a substantial opportunity for Li-Cycle due to the amount of lithium-ion battery production scrap available for recycling today, and the expected influx of end-of-life batteries in the years to come, driven by Europe’s early adoption of electric vehicles,” said Mr. Phalpher. “Manfred has extensive knowledge of the EMEA battery markets and will play an important role in supporting our efforts to bring North America’s leading advanced recycling technologies to the EMEA regions.”
“Li-Cycle continues to prove its success, both in the capability of its breakthrough lithium-ion battery recycling technologies and in its ability to execute,” said Mr. Schmidt. “I am excited to play an important part in Li-Cycle’s global rollout strategy, facilitating its ability to achieve its goal of becoming the world’s leading lithium-ion battery recycling solution while contributing to a circular economy.”
Prior to joining Li-Cycle, Mr. Schmidt served as Vice President of Sales at Voltabox AG in Germany, a system provider for electromobility in industrial applications with lithium-ion battery solutions. Previously, he was the Head of Key Account Management for Hoppecke Batterien GmbH (“Hoppecke”) in Germany, a leader in industrial batteries and energy storage solutions.
Mr. Schmidt holds his degree in Industrial Engineering from the Technical University of Darmstadt, Germany.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
Forward-Looking Statements
Certain statements contained in this communication may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1993, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “will”, “expect”, “plan”, “potential”, “future”, “continuing” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements may include, for example, statements about Li-Cycle’s planned expansion into the EMEA regions and the anticipated benefits thereof; the future financial performance of Li-Cycle; and the fulfillment of Li-Cycle’s obligations in relation to actual or proposed contractual negotiations with third parties in the EMEA regions. These statements are based on various assumptions, whether or not identified in this communication, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled "Risk Factors" in its final prospectus dated August 10, 2021 filed with the Ontario Securities Commission in Canada, the Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), and other filings made by Li-Cycle with securities regulatory authorities. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.
In addition, forward-looking statements contained in this communication reflect Li-Cycle’s expectations, plans or forecasts of future events and views as of the date of this communication. Li-Cycle anticipates that subsequent events and developments could cause Li-Cycle’s assessments, expectations, plans and forecasts to change. While Li-Cycle may elect to update these forward-looking statements at some point in the future, Li-Cycle has no intention and undertakes no obligation to do so, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this communication. Li-Cycle’s forward-looking statements are expressly qualified in their entirety by this cautionary statement.
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Partnership marks the next phase of both companies’ pursuit of carbon-neutral aviation
SAN FRANCISCO--(BUSINESS WIRE)--Airflow, an aerospace company building a next-gen electric Short Takeoff and Landing (eSTOL) aircraft, today announced an investment from Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility. Under this new partnership, the companies are co-developing and certifying a hydrogen fuel cell-based propulsion system designed for a new generation of sub-regional aircraft. Working with Airflow is part of Plug Power’s ongoing strategy to bring its proven hydrogen ProGen fuel cell technology to new markets including a variety of missions and aircraft types within the aerospace industry. This partnership also furthers Plug Power’s ambitions to build a hydrogen economy and achieve its 5-year, $1.2B roadmap outlined in 2019.
Airflow has recently secured over $600M in Letters of Intent (LOIs) from eleven airlines operating sub-regional aircraft. With an initial fleet replacement strategy, Airflow intends to accelerate bringing these carbon-neutral aircraft to market, offering airlines several options to match the best propulsion solution to their missions. This flexibility enables Airflow to rapidly meet customer demand and broaden the application of hydrogen as well as other carbon-neutral propulsion solutions including batteries and Sustainable Aviation Fuel hybrid solutions. Plug Power will also serve as Airflow’s preferred hydrogen provider, opening up more opportunities for Plug Power’s hydrogen refueling infrastructure to co-locate at customer airports. This work is an extension of Plug Power’s ongoing partnership with Albany International Airport where their hydrogen fuel cell solutions power ground support equipment.
Since partnering with other aerospace pioneers including Universal Hydrogen, Plug Power has embarked on a rigorous effort to adapt its ProGen-based hydrogen fuel cell stack specifically for aerospace applications. This technology enables the Airflow Model 200 aircraft to fly missions up to 500 miles with nine passengers or 2,000 pounds of cargo with zero carbon emissions.
As part of this program, Airflow and Plug Power will integrate and test a full-scale, ground-based powertrain prototype. Following this successful ground demonstration, the teams will then retrofit the powertrain into an aircraft with the ultimate goal of certification.
“Over the last several years we’ve been increasing our commitment to the aerospace market. From our investment in and partnership with Universal Hydrogen to our acquisition of EnergyOr we know that ensuring our ProGen solutions meet the ultralightweight and rigorous certification requirements of aviation is essential to our ownership of this opportunity,” says Plug Power CEO Andy Marsh. “Airflow represents another vital leg of the stool in our aerospace strategy. In order to establish a complete ecosystem for the aviation market and enable a global transportation system powered by green hydrogen, it’s essential that we work with players across aircraft classes who deeply understand the unique applicability of hydrogen in an industry as weight-sensitive as aviation. We see the development and certification of a system for Airflow’s Part 23 aircraft as an ideal entry point into the aerospace market that enables expansion into larger aircraft programs.”
“Plug Power is a welcome and natural partner in the clean aviation movement. Not only can they produce and supply affordable green hydrogen at scale, but they are at the forefront of supporting the experienced aerospace companies tackling the variety of missions and aircraft classes required to ensure our industry quickly improves its carbon footprint,” said Marc Ausman, CEO and co-founder, Airflow. “This initial investment from Plug Power is important to our ongoing development work at Airflow and we’re thrilled to have an industry leader in the hydrogen economy supporting our ambitious objectives. We see hydrogen fuel cell technology as a key thrust of our next generation power systems, which along with Sustainable Aviation Fuel-based hybrid systems and advanced battery systems, allow us to provide flexibility to our customers to deliver an aircraft that best meets their individual mission needs and sustainability goals.”
Plug Power is significantly growing its aerospace fuel cell system capabilities, in line with the Company’s vertical integration strategy. As part of this effort, Plug Power is expanding its ProGen platform for additional aerospace applications, including UAVs and aircraft with different weight restrictions and other unique requirements.
About Airflow
Airflow was founded in 2019 by five former Airbus Vahana team members to bring eSTOL capabilities to the sub-regional aviation market. The team is passionate about expanding aviation benefits and has deep experience in aerospace and technology development. The founding team's background includes companies like Airbus, Eclipse Aviation, Northrop Grumman, Uber Elevate, Airware, and Scaled Composites. For more information please visit: https://www.airflow.aero/
About Plug Power
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the company has deployed over 35,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power’s vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.
Media
Kate Gundry
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617-797-5174
BUFFALO, N.Y.--(BUSINESS WIRE)--$ROCK #ROCK--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, announced today that it expects to release its third quarter 2021 financial results at approximately 7:30 a.m. ET on Wednesday, October 27, 2021. It also expects to discuss the results on a conference call that will be webcast live that same day starting at 9:00 a.m. ET. Hosting the call will be Chief Executive Officer William Bosway and Chief Financial Officer Timothy Murphy.
Those who wish to listen to the conference call should visit the Investors section of the Company’s website at www.gibraltar1.com. The call also may be accessed by dialing (877) 407-3088 or (201) 389-0927. For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.
About Gibraltar
Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets. With a three-pillar strategy focused on business systems, portfolio management, and organization and talent development, Gibraltar’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. Gibraltar serves customers primarily throughout North America. Comprehensive information about Gibraltar can be found on its website at www.gibraltar1.com.
Timothy Murphy
Chief Financial Officer
(716) 826-6500 ext. 3277
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LHA Investor Relations
Carolyn Capaccio/Jody Burfening
(212) 838-3777
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that Sameh Fahmy, executive vice president precision scheduled railroading will leave the Company by year end. During his tenure at KCS, which began in January 2019, Mr. Fahmy led the Company through its transformational implementation of Precision Scheduled Railroading (PSR). Under his leadership, the KCS team produced strong and sustainable results including:
“I want to extend my recognition to Sameh for the contributions that he has made since joining KCS in 2019,” stated Patrick J. Ottensmeyer, KCS president and chief executive officer. “Sameh’s focus, energy and passion for outstanding performance played a key role in KCS’ success, and he is leaving behind a strong and capable cross-functional team that he helped to recruit, develop and mentor.”
“During my time at KCS, the team has transformed the Company into a precision scheduled railroad,” stated Mr. Fahmy. “Together, we have created a stronger, more resilient network while improving the Company’s cost structure and enhancing customer service. I am confident that KCS will continue building on the strong operational foundation that was created during my tenure.”
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south-central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.
C. Doniele Carlson, 816-983-1372, This email address is being protected from spambots. You need JavaScript enabled to view it.
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