LONDON--(BUSINESS WIRE)--Vortexa today announced a data partnership with The Baltic Exchange, which makes its freight pricing benchmarks available alongside Vortexa analytics.
Vortexa’s forward view of tonnage supply up to 35 days ahead along with real-time tonne-mile demand data at the highest frequency and granularity available in the freight markets are rapidly transforming chartering and positioning decisions among Vortexa's existing clients including trading houses, shipowners and oil majors.
The integration of The Baltic Exchange freight prices with Vortexa's real-time supply and demand freight analytics will empower users to identify, optimise and time opportunities in the freight markets at much greater speed and accuracy.
Fabio Kuhn, Vortexa’s CEO said: "It's the first time that predictive and real-time freight analytics and pricing are brought this close. This unparalleled view will unlock an immense competitive edge to market participants in a fast-evolving playing field".
Mark Jackson, Baltic Exchange’s CEO said: ‘’Vortexa analytics are hugely respected and we’re delighted to collaborate. This partnership adds value to Vortexa users and increases the footprint of The Baltic Exchange as the world’s leading source of independent maritime market data.”
About Vortexa
Vortexa provides market-leading real-time data and advanced analytics for energy and shipping markets. With the most accurate and complete picture of flows and freight dynamics, Vortexa covers crude oil, refined products, LPG and LNG, across all vessel classes. We help traders, analysts and shipping professionals gain a competitive edge into complex and opaque markets by making better trading decisions with confidence. Vortexa is a multidisciplinary force of over 100 employees combining the best of energy and shipping expertise, data science and engineering across three major hubs in London, Singapore and Houston.
About The Baltic Exchange
The Baltic Exchange is the world's leading independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 640 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. In November 2016, the Baltic Exchange was acquired by Singapore Exchange (“SGX”), bringing together complementary strengths of Singapore and London, two of the world’s most important maritime centres.
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NACP, WOMN and SDGA rank in the top percentile of their respective Morningstar categories following their three-year anniversaries
DALLAS--(BUSINESS WIRE)--Impact Shares, the first 501(c)3 nonprofit ETF issuer in the U.S. announced its three flagship ETFs — NACP, WOMN and SDGA — have received 5-Star Overall Morningstar Ratings™ in their respective categories following their three-year anniversaries.
“Since day one, our mission at Impact Shares is to transform the way people think about investing,” notes Ethan Powell, CEO of Impact Shares. “The outstanding financial performance of our three flagship funds demonstrates the viability of working with leading advocacy firms to achieve actively-managed social outcomes without sacrificing financial returns.”
The Impact Shares NAACP Minority Empowerment ETF (NYSE:NACP) returned 20.6% annually over the past three years, placing it within the 6th percentile beating 1176 of the 1252 funds in the U.S. Fund Large Blend category (as of 7/20/21).
The Impact Shares YWCA Women's Empowerment ETF (NYSE:WOMN) generated a 25.08% annualized return over the past three years, placing it within the top percentile of the 1,256 funds in Morningstar’s U.S. Fund Large Blend category (as of 8/25/21).
The Impact Shares Sustainable Development Goals Global Equity ETF (NYSE:SDGA) generated a 13.42% annualized return since inception, placing it in the top percentile of the 1,130 funds in the U.S. Large Value category (as of 10/6/21).
Backed by The Rockefeller Foundation, Impact Shares helps organizations such as the NAACP, YWCA and United Nations Capital Development Fund (UNCDF) translate their values into an investable product traded on the New York Stock Exchange. Companies included in each ETF must commit to an evolving set of criteria, defined by the nonprofit partners, to ensure ongoing alignment of corporate behaviors with social values. Impact Shares donates all net profits from advisor fees back to these nonprofit partners. *
For more information on Impact Shares, visit impactetfs.org.
About Impact Shares
Impact Shares is an ETF issuer and investment manager that is creating a new and innovative platform for clients seeking maximum social impact with market returns. Impact Shares' goal is to build a capital markets bridge between leading nonprofits, investors and corporate America to direct capital and social engagement on societal priorities. Impact Shares is a tax-exempt non-profit organization under Section 501(c)(3) of the Internal Revenue Code. For more information about Impact Shares visit impactetfs.org.
Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed herein are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Impact Shares disclaims any obligation to update or revise any statements or views expressed herein.
Carefully consider the Funds’ investment objectives, risk factors, and expenses before investing. This and additional information can be found in the Impact Shares statutory and summary prospectuses, which may be obtained by calling 855-267-3837, or by visiting ImpactETFs.org. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities. As an actively managed Fund, OWNS does not seek to replicate a specified index. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. Investments in commodities are subject to higher volatility than more traditional investments. NACP may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. The Funds are non-diversified.
There is no guarantee that investors mentioned will continue to hold shares of the Fund. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Impact Shares ETFS are distributed by SEI Investments Distribution Co., with is not affiliated with Impact Shares Corp., the Investment Adviser for the Funds, or Community Capital Management Inc.
*Net Profits is the excess, if any, of Impact Shares’ fund fees after the deduction of operating expense and a reserve for working capital. Due to the relatively small size of the Fund, Impact Shares’ Fund fees have not yet exceeded its related operating expenses. Accordingly, Impact Shares has not yet made any charitable contributions from such fees. There can be no assurance that Impact Shares’ Fund fees will exceed operating expenses in the future.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. ETFs and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The Impact Shares YWCA Women's Empowerment ETF (NYSE:WOMN) was rated against 1,256 U.S.-domiciled Large Blend funds over the last three years and received a Morningstar Rating of 5 stars.
The Impact Shares NAACP Minority Empowerment ETF (NYSE:NACP) was rated against 1,252 U.S.-domiciled Large Blend funds over the last three years and received a Morningstar Rating of 5 stars.
The Impact Shares Sustainable Development Goals Global Equity ETF (NYSE:SDGA) was rated against 1,130 U.S.-domiciled Large Value funds over the last three years and received a Morningstar Rating of 5 stars.
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LONDON--(BUSINESS WIRE)--EO Charging (“EO”), a leading provider of technology-enabled turnkey solutions for electric vehicle (“EV”) fleets, has partnered with Mercedes-Benz Vans to provide customers with electric vehicle chargers, charge point management software and ongoing support & maintenance.
Anyone purchasing an electric van bearing the three-pointed star can benefit from the new partnership. For retail customers whose vehicle batteries will be charged at home, the EO charge point will be supplied and installed free of charge. Fleets and small businesses ordering vehicles for operation from one or more depots can also purchase EO chargers from Mercedes-Benz and its official UK Retail network at attractive rates.
Key to Mercedes-Benz Vans’ decision to engage in the new partnership was the industry-leading service and maintenance package that EO provides to customers through the installation and life of the charger. EO recently executed a program covering several thousand AC chargers at more than 50 sites across six countries for one of its clients. As part of the charging program, EO resolved any Europe-wide on-site or remote issue in an average time of under three hours.
Mercedes-Benz Vans UK will be delivering 168 eSprinters to the British business unit of parcel service provider Hermes, while other fleet operators now running its electric models include the likes of Amazon, Clancy, Co-op, DPD and Royal Mail. Recognising that this new technology is still in its infancy, Mercedes-Benz Vans Dealers are also focused on helping customers of all sizes make the leap to electric.
Charlie Jardine, CEO and Founder of EO, commented: “Making the switch to an electric vehicle can be daunting for businesses and the everyday EV driver. Too often do drivers leave a dealership without having received any education on how charging works - we want to put a stop to this in partnership with Mercedes-Benz Vans.
“The partnership is testament to the reliability and success we’ve already achieved having worked indirectly with Mercedes-Benz Vans and is another significant step on our roadmap to becoming the global leader in charging electric car, van, truck and bus fleets.”
The manufacturer’s strategic agreement with EO reflects its ‘Ambition 2039’ climate-neutral mobility goal and commitment to assist operators in making the transition from diesel- to battery-powered vehicles.
The Mercedes-Benz Vans range includes fully-electric eSprinter and eVito variants, while the first right-hand drive eCitans are set to arrive in the UK roads towards the end of next year. All produce zero tailpipe emissions.
Kevin Ferris, Head of Electric Mobility, Mercedes-Benz Vans UK, added: “We are committed to the pursuit of emission-free mobility and sustainable vehicle production and it is crucial as we work towards these goals that we do so with partners we trust. This explains why Mercedes-Benz Vans UK has chosen to add EO as a charging partner.
“Our pledge to those contemplating the switch to electric is that we will be at their side to support them on their journeys to a cleaner, ‘greener’ future. Given its well proven capabilities and advanced technology, I have every confidence in EO’s ability to assist our customers by making the transition as simple as possible.”
As Mercedes-Benz Vans’ EV technology continues to evolve over the years to come, EO’s experts will be available to support established customers and new converts to the brand in adopting more sustainable transport solutions.
EO Charging recently announced an agreement for a business combination with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected to result in EO Charging becoming a public company listed on the NASDAQ exchange.
Notes to Editors
About EO
EO Charging (EO) is a leading technology solutions provider in the EV sector. EO designs and manufactures EV charging stations and hardware-agnostic cloud-based charge-point management software for fleets at its headquarters in the UK. EO also provides installation services and ongoing operations and maintenance services across its fleet customer base.
Founded in 2014, EO’s technology is used by a number of the world’s largest businesses and fleet operators and it now distributes to over 35 countries around the world. It aims to become the global leader in charging electric van, truck, bus and car fleets.
EO was ranked number 27 on the Financial Times’ FT1000 list of Europe’s fastest-growing companies. EO Charging previously announced an agreement for a business combination with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected to result in EO Charging becoming a public company listed on the NASDAQ exchange.
To learn more, please visit www.EOcharging.com and follow us @EOCharging on Twitter and LinkedIn.
About Mercedes-Benz Vans UK
Mercedes-Benz has been at the forefront of commercial vehicle innovation for over 120 years. From the world’s first motorised van in 1896, through to the emissions-free, shape-shifting, drone-compatible Vision URBANETIC concept vehicles of the future, the brand constantly drives change to keep businesses and lives moving.
Today, Mercedes-Benz Vans’ award-winning range of cargo and people-carrying vehicles leads the field in terms of flexibility, safety, on-board technology, reliability. In addition to diesel-engined versions of the small Citan, versatile mid-sized Vito, and Sprinter large van and chassis cab, the line-up includes fully electric eVito and eSprinter variants.
Mercedes-Benz Vans is transforming from a vehicle manufacturer to a provider of holistic transportation and mobility solutions, and offers a portfolio of services designed to keep businesses moving, including Mercedes-Benz Finance funding, Mercedes PRO connect in-built telematics, and flexible, cost-effective Service Care plans. Mercedes-Benz Vans UK’s dedicated Dealer network operates from 110 locations and provides round-the-clock aftersales support, including free Mobilo Van emergency roadside assistance.
For more information about Mercedes-Benz Vans, please visit www.mbvans.co.uk.
Forward Looking Statements
The information in this press release includes "forward-looking statements". All statements, other than statements of present or historical fact included in this press release, regarding the proposed business combination between First Reserve Sustainable Growth Corp. (“FRSG”), Juuce Limited (the “Company”) and EO Charging (“EO”), each of such parties’ ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, FRSG, the Company and EO disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. FRSG, the Company and EO caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of any of FRSG, the Company or EO. In addition, FRSG, the Company and EO caution you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the Business Combination Agreement and Plan of Reorganization, dated as of August 12, 2021, by and among FRSG, FRSG Merger Sub Inc., EO and the Company, and the other agreements related to the business combination (including catastrophic events, acts of terrorism, the outbreak of war, COVID-19 and other public health events), as well as management’s response to any of the foregoing; (ii) the outcome of any legal proceedings that may be instituted against FRSG, the Company, EO, their affiliates or their respective directors and officers following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of FRSG, regulatory approvals, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts FRSG's or the Company's current plans and operations as a result of the announcement of the transactions; (v) the Company's and EO’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the pace and depth of EV adoption generally, and the ability of the Company to accurately estimate supply and demand for its EV charging products and services, and to grow and manage growth profitably following the business combination; (vi) risks relating to the uncertainty of the projected financial information with respect to the Company, including the conversion of pre-orders into binding orders; (vii) costs related to the business combination; (viii) changes in applicable laws or regulations, governmental incentives and fuel and energy prices; (ix) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (x) the amount of redemption requests by FRSG’s public stockholders; and (xi) such other factors affecting FRSG that are detailed from time to time in FRSG’s filings with the Securities and Exchange Commission (the "SEC"). Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and its periodic filings with the SEC, including its Quarterly Report on Form 10-Q for quarterly period ended June 30, 2021. FRSG's SEC filings are available publicly on the SEC's website at www.sec.gov.
Important Information for Investors and Stockholders
In connection with the proposed business combination, a registration statement on Form F-4 that includes a preliminary proxy statement/prospectus has been filed by EO with the SEC. After the registration statement is declared effective, the definitive proxy statement will be distributed to FRSG’s stockholders in connection with FRSG’s solicitation for proxies for the vote by FRSG’s stockholders in connection with the proposed business combination and other matters as described in the Form F-4, as well as a definitive prospectus of EO relating to the offer of the securities to be issued in connection with the completion of the business combination. Copies of the Form F-4 may be obtained free of charge at the SEC's website at www.sec.gov. FRSG’s stockholders are urged to read the preliminary proxy statement/prospectus and the other relevant materials (including, when available, the definitive proxy statement/prospectus) when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FRSG, EO or Juuce, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, as amended, or exemptions therefrom.
Participants in the Solicitation
FRSG, the Company and EO and their respective directors and officers may be deemed participants in the solicitation of proxies of FRSG's stockholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of FRSG's executive officers and directors in the solicitation by reading FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of FRSG's, the Company’s and EO’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.
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Swell’s partnership approach aims to maximize rebates and grid benefits with a Distributed Power Plant in Redwood Coast Energy Authority territory
LOS ANGELES--(BUSINESS WIRE)--Renewable energy and grid solutions provider Swell Energy Inc. (Swell) today announced a contract with Redwood Coast Energy Authority (RCEA) to develop the Community Grid Program designed to provide additional capacity and resource adequacy to Humboldt County. Swell’s Distributed Power Plant (DPP) effort with RCEA applies an innovative and collaborative approach to establish up to 45 MWh of behind-the-meter solar powered energy storage, bringing essential power reliability to a region hard hit by wildfires and public safety power shutoffs in recent years.
To quickly build a solar and energy storage customer base in the region, Swell is expanding its partnership with GRID Alternatives and leveraging all government, utility, and financial programs available to bring down customer costs and enroll both new and existing systems into the Community Grid Program.
Residential, commercial, and industrial solar+storage sites located at a customer’s site can be eligible to participate in RCEA’s Community Grid Program. Swell’s success delivering zero cost energy storage to communities most in need in 2020—including low income and medically vulnerable customers as well as native tribes—through California’s Self Generation Incentive Program (SGIP) enables Swell to offer additional monetary incentives to SGIP customers in the RCEA territory. Humboldt county energy users that want the benefits of renewable power reliability and bill savings while simultaneously supporting energy resilience in their community can sign up to participate.
Swell partners with a diverse group of utilities and organizations in key markets to rapidly deploy and aggregate distributed energy resources. In other areas of California, Swell is working with Prosper Sustainably, Direct Relief, Sierra Club chapters, Tribal Governments, Independent Living Resource Center Inc., and other groups to promote solar and storage adoption and a carbon neutral energy future. The RCEA project fits into the utility's broader strategic plan, which includes deploying renewable customer-sited distributed energy and storage resources.
“RCEA is excited to be working with Swell and GRID to bring state and local incentives for energy storage to Humboldt County agencies, homes, and businesses,” said Matthew Marshall, Executive Director of RCEA. “The battery storage systems installed under this program can provide customer bill savings and grid benefits during normal daily operations but will also serve critical energy needs during power outages.”
“By teaming up with RCEA on the development of a regional DPP, we are able to bring the core benefits of batteries and incremental value to local residents and businesses,” said Suleman Khan, CEO of Swell Energy. “We’re facilitating energy resilience among vulnerable regions and communities and expanding the impact of renewable energy resources to the local grid—affording homeowners and small commercial customers additional benefits for participating in grid services programs, while bringing greater energy reliability and environmental benefits to the broader region.”
Since 2019, Swell Energy and GRID Alternatives have collaborated throughout California to deliver energy security through residential and commercial energy storage projects to communities in need and will now bring these capabilities to the RCEA service territory. Moreover, the partnership with GRID Alternatives includes workforce development programs that teach energy service trades, like solar installation, to community members to empower youth and build skill sets in a growing industry.
“Battery storage technology and solar job training in underserved communities creates resiliency in the face of climate-related disasters and shut-offs,” says Paul Cleary, Executive Director of GRID San Diego. “GRID Alternatives is excited to partner with Swell Energy to bring these new technologies and workforce programs to tribal and other environmental justice communities.”
To learn more about how you can take advantage of energy storage incentives and make your home or business resilient against power shut-offs, visit www.swellenergy.com/rcea. To find out how your organization can partner with Swell Energy to help deploy these programs, visit www.swellenergy.com/partners.
About Swell Energy Inc.
Swell Energy is creating a greater grid for the greater good. The energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by making it easy for consumers to take control of their energy use, achieve energy security, and save costs. Swell Energy provides homeowners and businesses with financing and educational resources, while partnering with trusted local solar and solar+storage companies for seamless, high-quality product installations. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy is also delivering resilient virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system. Learn more at www.swellenergy.com.
About GRID Alternatives
GRID Alternatives is a national leader in making clean, affordable solar power and solar jobs accessible to economic and environmental justice communities. Using a unique, people-first model, GRID develops and implements solar projects that serve qualifying households and affordable housing providers, while providing hands-on job training and connections to clean mobility and battery storage incentive programs. GRID has installed solar for more than 20,500 families to-date and helped households and housing providers save $532 million in lifetime electricity costs, while training over 45,000 people. GRID Alternatives has eight regional offices and affiliates serving California, Colorado, the mid-Atlantic region, and Tribal communities nationwide, and serves communities in Nicaragua, Nepal and Mexico. For more information, visit www.gridalternatives.org.
About RCEA
The Redwood Coast Energy Authority is a local government joint powers agency whose members include the County of Humboldt, all local cities, and the Humboldt Bay Municipal Water District. The Energy Authority’s purpose is to develop and implement sustainable energy initiatives that reduce energy demand, increase energy efficiency, and advance the use of clean, efficient and renewable resources available in the region. For more information, visit www.redwoodenergy.org.
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‘Globehopper Edge’ is a self-sustaining, zero-maintenance wireless device delivering constant intermodal visibility
ZURICH & DALLAS--(BUSINESS WIRE)--Logistics digitization pioneer, Nexxiot, the leading provider of cargo IoT solutions around the world, has unveiled its latest gateway device for intermodal shipping containers that will revolutionize the global cargo industry through unparalleled big data traceability and visibility of critical assets.
The Globehopper Edge (pictured) is a self-sustaining wireless connectivity device, capable of transmitting thousands of data points a day from onboard sensors that relay crucial information about a container and its cargo. This includes information on precise location, acceleration and environmental conditions. It is designed to communicate in real time with Nexxiot Connect, the company’s customizable, cloud-based software solution. Globehopper Edge optimizes asset utilization through advanced Big Data processing and AI-powered machine learning that has proven to positively impact on-time performance, asset utilization and achieve intermodal shipping efficiencies at a new level. The device also connects wirelessly to additional sensors which can be placed inside the cargo and to the Nexxiot door open/closed sensor and even to third-party versions.
Nexxiot CEO Stefan Kalmund said: “Combining state-of-the-art sensors, gateways and global connectivity, Globehopper Edge is the most advanced cargo monitoring device in the world today with the present and future capabilities to provide our customers with the most accurate and reliable information possible about their cargo, ensuring unsurpassed accountability across all modes of shipping.”
Custom engineered by Nexxiot’s own Zurich based R&D lab, Globehopper Edge is built using the most advanced engineering methods and is designed for effortless use. As with all devices in the company’s hardware suite, it is solar powered and built to provide zero-maintenance connectivity with a guaranteed lifetime of more than six years. The device is fitted to the outside of a standard shipping container and is onboarded and paired within 90 seconds, providing access to essential data, powerful dashboards and actionable insights for many years into the future.
Kalmund added: “Nexxiot is focused on the highest strategic level of supply chain digitization and optimization. We work in close collaboration with our clients and partners at the C-suite level to define optimal shipping performance outcomes, then deploy our technology to achieve those results. By remaining focused on the most impactful mega-trends across the shipping world, we are redefining the standards and capabilities for future-proof TradeTech.”
Nexxiot Co-Founder Daniel MacGregor has always had a clear goal to drive positive change for both people and planet. His ambition is to reduce world-wide supply chain emissions by five percent over the next five years by preventing empty moves and by removing process inefficiencies around ports and shipping hubs. MacGregor said: “We created Globehopper Edge to take that next step in trade facilitation. Aimed squarely at the 30 million standard intermodal containers that travel around the planet, the rugged IP65, custom engineered, energy harvesting hardware provides unprecedented access to critical data to enable radical transformation for all participants and stakeholders in the global value network of trade, finance and transportation.”
Already a dominant presence in the digitization of European cargo shipping, Nexxiot has been building up its Dallas-based U.S. team of engineers and technicians to help fuel the company's expansion throughout the North American market.
Globehopper Edge arrives at a critical inflection point for the global shipping industry as an unprecedented 70+ container vessels languish off the coast of Los Angeles, unable to offload their cargo. The industry must master wide-scale supply-chain disruptions around commodities and consumer products as well as a total lack of asset and cargo transparency on a global scale. TradeTech powerhouse Nexxiot is on a mission to deliver a new standard in IoT employing advanced data driven intermodal visibility at just the right moment.
About Nexxiot
Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 22 countries. The company’s secure, industry leading Cloud comprises data from over 3 billion miles traveled. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions in the logistic industry by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. https://nexxiot.com/.
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CALGARY, Alberta & HOUSTON--(BUSINESS WIRE)--#blockchain--Validere, a leader in bringing commodity data transparency to the energy industry, today announced the completion of a partnership with GuildOne Inc. (GuildOne), a pioneering technology company, to create new digital assets for balancing energy needs with emission reductions.
Under the partnership Validere will immediately start validating carbon captured by select industry clients. This audit trail on sequestered carbon volumes will then be connected to other consortium partners for the purposes of verification on a client-by-client basis, and then to GuildOne’s blockchain platform for the purchase of carbon offset credits by global entities interested in lowering emissions and meeting targets.
“We’ve always had a lot of respect for the GuildOne team and it’s exciting to formally partner. They share our view of the critical importance of the energy supply chain, and that better data and tools can immediately drive economic and environmental improvement,” said Nouman Ahmad, co-founder and CEO, Validere. “Our customers have always been fully aligned in measuring and reducing their impact and this is an additional way we can help support markets to incentivize and accelerate these emission reductions. Partnerships such as this are critical in accelerating carbon capture.”
“This once again demonstrates the potential of blockchain technology, where data-intense software companies such as Validere and their clients are interested in connecting primary data sources for the creation of new assets that drive global emissions reductions,” said GuildOne CEO James Graham. “Validere creates great primary data audit trails from industry instruments and data sources, and the blockchain component from GuildOne now allows that data to be shared with counterparties in a way that significantly reduces friction.”
Validere helps more than 40 producers, midstream, and downstream energy companies consolidate their commodity inventory data into a single repository, so they have a detailed “genealogy” of every molecule as it progresses through the energy supply chain.
About Validere
Validere is a leading data and analytics SaaS provider that is digitally transforming the world’s largest supply chain to be more sustainable and efficient. Our Product Data Cloud enables energy companies to aggregate all commodity inventory data into a complete, accurate, and auditable repository that allows them to create a real-time digital fingerprint of the molecule. Using this single-source-of-trust and our digital infrastructure models, energy professionals across operations, commercial, and ESG functions can now quickly make data-driven decisions on a daily basis. By partnering with us, business leaders leverage our unique datasets as well as our experts in data science, physical science, and oil and gas to create a company-wide value engine. As a result, more than 40 of North America’s leading energy companies now realize the full value of their commodities through higher commercial margins, reduced operational costs and risks, and meaningful ESG progress.
About GuildOne
GuildOne leverages the power of advanced blockchain infrastructure and applications to build a sustainable, optimized and trusted future for the global energy industry. Working with the world’s largest oil and gas companies and technology partners including R3 and AWS, the company's pioneering smart contract technologies and secure networks are transforming how the industry transacts, shares data and creates value. Uniting product intelligence with blockchain traceability and digital assets, GuildOne is developing the automated foundation for the next generation of verified carbon credits.
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Farrell Talbot Consulting
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Validere
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GuildOne
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Oversubscribed round completed less than six months after Series A, brings total raised to $85 million
LOS ANGELES--(BUSINESS WIRE)--#aerospace--Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, today announced a funding round yielding $62 million in new capital. New investors in the round include Mitsubishi HC Capital, Tencent, Stratos, GE Aviation, Waltzing Matilda Aviation, Fourth Realm, Hawktail, Marc Benioff’s TIME Ventures, Jeff Wilke, and Spencer Rascoff’s 75 and Sunny Ventures. The company’s prior financing round in April 2021 included Playground Global, Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota Ventures, Sojitz, Future Shape, and Trucks, most of whom also participated in the current round. This brings Universal Hydrogen’s total capital raised to date to $85 million.
When every day counts in the fight against catastrophic climate change, this funding will enable Universal Hydrogen to conduct the first test flight of its hydrogen fuel cell powertrain on a 40+ passenger regional airliner in 2022 at Moses Lake, Washington. The green hydrogen for the flight will be supplied using Universal Hydrogen’s modular fuel capsules that enable the delivery of hydrogen from the point of production directly to the aircraft using the existing freight network and airport cargo handling equipment—without the need for any new infrastructure. The proprietary modular capsule technology is significantly lighter than the current state of the art in hydrogen storage and is designed from first principles for flight and ground transport safety certification.
The company anticipates entry into commercial service in 2025 with a certified retrofit conversion kit for existing ATR 72 and De Havilland Canada Dash-8 regional airliners and a green hydrogen fuel services offering. Together, these will provide regional operators with unit economics that are equivalent or better than those of conventional jet fuel-powered variants of the aircraft. Universal Hydrogen has secured a substantial commercial order pipeline, including previously-announced LOIs from Icelandair, Air Nostrum, Ravn Alaska, and ASL Aviation Holdings.
“Universal Hydrogen has attracted an incredible investor syndicate, representing key strategic and financial partners across Europe, the United States, Asia, and Australia,” said Peter Barrett, General Partner at Playground Global and a member of Universal Hydrogen’s Board of Directors. “This is a testament to the company’s pragmatic approach to the monumental—even existential—challenge of our generation and the world-class team that Universal Hydrogen has catalyzed around it.”
“While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climate change, it is a small fraction of total aviation emissions,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “If we want to decarbonize the industry on the timeframe of the Paris Agreement, the world’s narrowbody airliner fleet has to become hydrogen-powered starting in the 2030s. There is no known alternative technology to get there.” To that end, the company is committed to collaborating with all key stakeholders, including airlines, lessors, airplane- and engine-makers to ensure that the next generation of narrowbody aircraft (succeeding the 737 and A320 families) are true zero emissions vehicles.
“The gravity of climate change is forcing a tipping point in the green hydrogen ecosystem of producers, distributors, and consumers," said Jim Adler, founding Managing Director of Toyota Ventures. "Universal Hydrogen has the breakthrough technology, talented team, and operational urgency to emerge as the distribution leader in this hydrogen ecosystem. As early investors, we are proud to continue to support their efforts in any way we can.”
Headquartered in Los Angeles, California, with an engineering center in Toulouse, France, and a flight test center in Moses Lake, Washington, Universal Hydrogen is rapidly growing its team in pursuit of its ambitious, world-changing goal. To learn about career opportunities, visit: https://www.hydrogen.aero/careers
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
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Kate Gundry
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced seven heavy civil awards with a combined value over $115 million. The projects were secured by the Company’s Energy/Renewables Segment and are located across the Southwest. The range of award start dates begin as early as the fourth quarter of 2021 and end in the back half of 2023 and mid-year 2024.
“These projects are just another example of how, from critical infrastructure to renewable energy, we are delivering projects that are essential to America’s future,” said Tom McCormick, President and Chief Executive Officer of Primoris.
ABOUT PRIMORIS
Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of regulation and the economy, generally. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Brook Wootton
Vice President, Investor Relations
Primoris Services Corporation
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CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) will release its third quarter 2021 earnings information on Tuesday, November 2, 2021, and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.
Call Access: An audio live stream of the call will be available on the internet, and participants are encouraged to pre-register online, in advance of the call, at: ETRN Q3 2021 Webcast. A link to the audio live stream will be available on the Investors page of the ETRN’s website the day of the call.
Security Analysts :: Dial-In Participation
To participate in the Q&A session, security analysts may access the call in the U.S. tollfree at (888) 330-3573; and internationally at (646) 960-0677. The ETRN conference ID is 6625542.
All Other Participants :: Webcast Registration
Please Note: For optimal audio quality, the webcast is best supported through Google Chrome and Mozilla Firefox browsers.
An updated investor presentation will be available on ETRN’s Investor Relations website the day of the call.
Call Replay: For 14 days following the call, an audio replay will be available at (800) 770-2030 or (647) 362-9199. The ETRN conference ID is 6625542.
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.
For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.
Source: Equitrans Midstream Corporation
Analyst/Investor inquiries:
Nate Tetlow – Vice President, Corporate Development and Investor Relations
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Company’s talent and technology to support national security priorities in data operations, artificial intelligence, and lifecycle support
RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) has been awarded a prime contract position in all 10 pools on the General Services Administration (GSA) ASTRO indefinite delivery/indefinite quantity contract. ASTRO is a 10-year, multiple-award contract sponsored by the Department of Defense and managed by GSA’s Federal Systems Integration and Management Center.
Relying on the company’s impressive talent and innovative technology, CACI readily supports national security priorities in data operations, artificial intelligence, and lifecycle support, including sustainment and modernization, and ISR.
John Mengucci, CACI President and Chief Executive Officer, said, “As a prime contract awardee, CACI will provide widespread, expertise and technology across air, sea, ground, and space to protect our national interests from emerging threats. The GSA ASTRO contract is an easy-to-use acquisition vehicle designed to allow the U.S. government to quickly and comprehensively address current and future mission needs.”
The GSA ASTRO pools include data operations; mission operations; aviation; space; maritime; ground; systems integration and development; research and development; support services; and training services. Learn more on the details of each pool.
About CACI
CACI’s approximately 22,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company. As a member of the Fortune 500 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.
CACI-Contract Award
Corporate Communications and Media:
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Climate Engagement Canada is a finance-led initiative that drives dialogue between the financial community and corporate issuers on climate change risks and opportunities
TORONTO--(BUSINESS WIRE)--#ClimateChange--Today, a coalition of investor associations is pleased to announce the launch of Climate Engagement Canada (CEC) – a finance-led initiative that aims to drive dialogue between the financial community and Canadian corporations to promote a just transition to a net zero economy.
The CEC initiative is coordinated by several investor networks including the Responsible Investment Association (RIA), Shareholder Association for Research and Education (SHARE), and Ceres. The UN-backed Principles for Responsible Investment (PRI) is also supporting the program. The RIA and SHARE serve as the joint secretariat, and the initiative has leveraged strategic leadership from Barbara Zvan, who served as a member of Canada’s Expert Panel on Sustainable Finance.
The CEC program is launching with 27 investors as Founding Participants, who collectively manage more than $3 trillion in assets. A complete list of Founding Participants and supporting organizations is available on the CEC website at climateengagement.ca.
The CEC’s development was inspired by Canada’s Expert Panel on Sustainable Finance, which in 2019 made a series of recommendations to align Canada’s financial system with a low carbon future. One of the Expert Panel’s recommendations was to establish a national engagement program, akin to the global Climate Action 100+ initiative, to drive a broader and more consistent dialogue with Canadian issuers around climate risks and opportunities. Climate Engagement Canada is that program.
CEC investor participants will identify approximately 40 of the country’s highest greenhouse gas-emitting corporations, and will work collaboratively to engage with these companies to encourage leading practices with respect to climate change risks and opportunities.
“Climate Action 100+ set a clear precedent for collaborative shareholder engagement,” said Barbara Zvan, CEO of University Pension Plan and a former member of Canada’s Expert Panel on Sustainable Finance. “The question for the Expert Panel was how to adapt this successful model to the Canadian context to amplify climate ambition and action at home. What CEC delivers is a unified vision from Canada’s financial community and support for our businesses in finding competitive advantage in the transitioning economy.”
“Climate change is a systemic challenge for investors and capital markets as a whole,” said Kevin Thomas, CEO at SHARE. “It can’t be avoided, it can’t be hedged against, and it can’t be solved at an individual portfolio level. It requires ambitious, persistent collective action at a larger scale and faster pace. We’re bringing together the whole of the corporate balance sheet – shareholders, lenders, insurers, and others –to set a course for the biggest transition of our lifetime.”
“Collaborative shareholder engagement is the pinnacle of responsible investment, so we are thrilled to see this program come to life in the Canadian market,” said Dustyn Lanz, CEO of the RIA. “Canada’s financial community has set a new bar for climate engagement on a national scale, and we encourage our peers in other regions to build similar programs to help drive the transition to net zero globally.”
“At PRI we are delighted to support the development of Climate Engagement Canada (CEC),” said Fiona Reynolds, CEO of the UN-supported Principles for Responsible Investment. “As a country heavily dependent on fossil fuels, Canada’s transition to net-zero by 2050 is especially challenging. Collaborative engagements like CEC are crucial to harnessing the collective climate ambition of Canada’s financial community required for the country to fulfil its commitments to the Paris Agreement and undergo a just transition to a zero-carbon economy.’
"It is vital for the largest institutional investors in Canada to engage portfolio companies with a consistent and unified message to set and implement goals for reducing emissions and developing transition plans consistent with a net zero future," said Mindy Lubber, Ceres CEO and President. "By looking beyond the six Canadian companies currently engaged through Climate Action 100+, Climate Engagement Canada is setting the stage for a deeper transformation of the Canadian economy and investor expectations of the companies they own."
Investor Participant Statements:
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Administrative Director, Climate Engagement Canada
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Independent Examination of Blockchain by Grant Thornton Demonstrates Compliance
HOUSTON--(BUSINESS WIRE)--#blockchain--Data Gumbo, the industrial smart contract network company, today announced successful completion of the SOC 1 Type 2 audit examination of its blockchain. The SOC 1 report focuses on a service organization’s controls likely to be relevant to an audit of a customer’s financial statements. Data Gumbo retained Grant Thornton, one of the world’s leading organizations of independent audit, tax, and advisory firms, to perform its SOC 1 Type 1 work in 2019 and returned to the company for the execution of its SOC 1 Type 2 audit.
“Data Gumbo aims to deliver exceptional benefits to its network users,” said Andrew Bruce, Founder and CEO, Data Gumbo. “Completing a SOC 1 Type 2 audit provides third-party attestation that our product management, data security and user management are enterprise-grade. As we continue to grow and scale, we believe in the strict adherence with compliance and quality assurance in lockstep with today’s best practices for enterprises.”
Grant Thornton’s controls were designed to test Data Gumbo’s assertion of process compliance for its blockchain-backed smart contract network. The six-month audit period included the examination of five integrated components of internal control for GumboNet™, including control environment, risk assessment process, monitoring activities, information and communications, and control activities. Data Gumbo received an unqualified opinion from Grant Thornton that all tests of controls were passed with no exceptions noted, enabling the company to meet the SOC 1 Type 2 criteria.
Grant Thornton’s SOC engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA). Those standards require that an independent audit firm performs the examination to obtain reasonable assurance about whether, in all material respects, based on the criteria in management’s assertion, that the controls were suitably designed to provide assurance that Data Gumbo’s network is administered in accordance with Data Gumbo’s policies and procedures.
Data Gumbo is currently underway with its SOC 2 Type 2 audit report and anticipates completion in Q4 2022.
About Data Gumbo
Data Gumbo is the smart contract network company trusted by global industrial enterprises. The only network of enterprises and their customers, suppliers and vendors that successfully incorporates real-time sensor level and field data to validate transactions, GumboNet™ reduces costs by more than 10% for all network members by automatically eliminating payment delays, disputes and complicated reconciliations.
To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and L37, a hybrid venture capital and private equity company. Data Gumbo is headquartered in Houston, Texas, with global offices in Stavanger, Norway, and London, UK. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter and Facebook.
Media contacts:
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Jake Schuster
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NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Inc., (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today announced that Krishna McVey has joined the Company as Vice President of Human Resources. Reporting to Chief Executive Officer, Keith Phillips, Ms. McVey brings a broad, multi-dimensional background in human resources to Piedmont that includes experience in all aspects of labor and employment law and human capital management. Over her career Ms. McVey has led several complex, transformational organizational initiatives, as well as leading talent acquisition and management, design and implementation of compensation performance systems, and the formulation of a wide range of organizational policies for multinational, multi-business unit companies.
“Kris is a welcome addition to our expanding leadership team, and we feel extremely fortunate to have someone with her background and unique skillset join the Piedmont family,” said CEO, Keith Phillips. “As we evolve from a pre-production, pre-revenue company, to a global, multi-asset organization with a growing workforce that could reach nearly 500 teammates, Kris’ diverse, international leadership experience will be invaluable in helping us build a world-class company, with a world-class culture, and world-class HR systems and practices.”
Ms. McVey joins Piedmont from TC Transcontinental Packaging where she rose from Global Director of Human Resources to Vice President of Human Resources and U.S. Labor Relations. In her most recent role, she oversaw all human resources activities for TC’s largest consumer packaging segment, including cultural change management initiatives, and labor relations strategies in the U.S. and Canada. Prior to her time at TC Transcontinental, she had a 15-year career with Michelin with positions in both France and North America. She began her tenure at Michelin as Associate General Counsel, then progressed through the organization to become Director of Human Resources with the Aircraft Tire Division of Michelin North America where she developed policies and procedures for both the hourly and salaried population of the 500-employee operation. Ms. McVey began her career in private practice with the law firm Edwards Ballard where she represented a variety of private and public employers developing human resources policies and diversity programs, while providing extensive legal training to clients in all areas of human resources and employee relations.
Ms. McVey earned her Juris Doctor in Labor and Employment Law from the University of South Carolina School of Law, her Master of Human Resources from the Darla Moore School of Business at the University of South Carolina, as well as her Bachelor of Arts (French) degree from the University of South Carolina. Over her career, Ms. McVey has served on the Board of several philanthropic and community organizations, including SAFE Homes/Rape Crisis, the United Way of Stanly County, and the Centralina Workforce Development Board.
About Piedmont Lithium
Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in-demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.
Brian Risinger
VP - Investor Relations and Corporate Communications
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Keith Phillips
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Veteran Energy Industry Leader to Continue Utility’s Successful Track Record of Delivering Reliable, Affordable and Clean Energy to More Than Four Million Illinois Customers
CHICAGO--(BUSINESS WIRE)--ComEd today announced Gil C. Quiniones will become CEO of ComEd, effective Nov. 15, 2021. Quiniones, who has served as president and CEO of the New York Power Authority (NYPA) for the past 10 years, will report to Calvin Butler, CEO of Exelon Utilities, who also has been serving as interim CEO of ComEd since Oct. 1, 2021.
Quiniones is a proven industry executive with more than 30 years of relevant leadership and operational experience extending across regulated utility markets, the public and private sectors, and state and local governments. For the past decade, he has been the CEO of the nation’s largest state-owned public power organization. He is an internationally recognized leader in modernizing power grids, and delivering clean, safe and affordable energy for customers, leading to economic and environmental benefits for diverse communities.
“Gil is an experienced electric utility leader, with a proven ability to deliver world-class performance for customers and strengthen and uplift communities, including in urban areas, making him ideally suited to be the CEO of ComEd,” said Butler. “In addition, Gil is a high-integrity leader who is focused on ethics, equity and doing what is best for our diverse customers, communities and employees. We are confident that, under his leadership, ComEd will continue to be recognized as one of the cleanest, most reliable and most affordable utilities in America.”
“It’s an honor to be named CEO of ComEd, and I look forward to working closely with Calvin and the entire utility management team to lead this nationally recognized energy company,” Quiniones said. “I share ComEd’s vision for a clean and resilient energy future that benefits customers and communities across northern Illinois and commit to continuing ComEd’s legacy of local partnership with and investment in the communities it is privileged to serve.”
John R. Koelmel, chair, NYPA Board of Trustees, said, “Gil is an outstanding person as well as a tremendous leader. Over his tenure at NYPA, the combination of his passion, vision, industry knowledge and business acumen has positioned us as an industry leader. He has fostered a strong internal culture based on excellence, integrity and safety and has created positive relationships with the many customers and communities we serve. We wish Gil every success as he assumes his new leadership role with ComEd.”
About Gil C. Quiniones:
Quiniones has served as president and CEO of NYPA, the nation’s largest state-owned public power organization, since 2011. Prior to this role, he served as COO and executive vice president, Energy Marketing and Corporate Affairs. Before joining NYPA in 2007, Quiniones spent four years at the New York City Economic Development Corporation, where he served as senior vice president and the principal energy adviser to Mayor Michael R. Bloomberg. Prior to this, Quiniones worked for 13 years at the Consolidated Edison Company of New York, a regulated electric and gas utility, and ConEdison Solutions, the utility’s unregulated energy services subsidiary. He was a co-founder and managing director of Energy Services at the subsidiary, where he led profitable revenue growth.
Quiniones has served as chair of GridWise Alliance; a board member of Emera Inc.; chair and board member of the Electric Power Research Institute, where he rejoined the board in April 2021; chair and chair emeritus of the Alliance to Save Energy; chair-elect of the Smart Electric Power Alliance and vice chair of the New York State Energy Research and Development Authority; a board member of the Large Public Power Council; and a member of the Electricity Subsector Coordinating Council and the International Energy Agency’s Global Commission for Urgent Action on Energy Efficiency. Quiniones plans to resign from all current board memberships in order to devote his full attention to his ComEd duties. He holds a B.S. from De La Salle University in Manila. In 2020, he earned a Corporate Director Certificate at Harvard Business School.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Communications
312-394-3500
RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced that it will release financial results for the quarter ended September 30, 2021 after the U.S. market close on Wednesday, November 10, 2021. Bowman will host a webcast to discuss its third quarter 2021 results at 9:00 a.m. ET on Thursday, November 11, 2021. Bowman Chairman and CEO, Gary Bowman and Chief Financial Officer, Bruce Labovitz will host the call followed by a question-and-answer session. Links to the live webcast of the event and subsequent replay of the event will be available on the Bowman Investor Relations website at https://investors.bowman.com.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a professional services firm delivering innovative engineering solutions to customers who own, develop, and maintain the built environment. With 800 employees and more than 30 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com.
Investor Relations:
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Megan McGrath
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Governor John Bel Edwards and Local Leaders Join to Celebrate Project Advancement
AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) hosted a groundbreaking ceremony on Wednesday to celebrate the start of construction on the company’s improvement and expansion project at REG Geismar. The project will take total site production capacity from 90 million gallons per year to 340 million gallons per year, and bring more than 60 permanent jobs and up to 500 construction jobs to the area.
REG Geismar was the first renewable diesel production facility in the U.S. and was acquired by REG in 2014. Since that time, REG has been investing in the facility to improve safety, logistics and operational capabilities. REG first announced their plans for expansion of REG Geismar in 2020, and announced earlier this year that the project was being combined with an original plant improvement project, with both being advanced to construction phase. This groundbreaking marks the formal start of construction on the project.
“This improvement and expansion project is a strategically advantaged growth project, and will position REG to continue our leadership in the renewable fuels industry,” said REG President & CEO, Cynthia (CJ) Warner. “The push from investors and regulatory leaders for lower-carbon solutions is being met with greater pull from sustainability-minded consumers who want to reduce their carbon profiles NOW. REG is helping lead the transition to cleaner, greener energy and this project is an exceptional example of that.”
The project will involve upgrades to the existing site, as well as an expansion that will be located adjacent to the existing site. Improvements will include enhanced marine logistics that will enable global trading of feedstocks and fuel. The company announced that the estimated project cost is $950 million, and is expected to be mechanically complete by 2023 with full operability in 2024. Upon completion, the fuel produced at REG Geismar will annually reduce harmful CO2 emissions by up to 2.8 million metric tons,1 or the equivalent to greenhouse gas emissions from 7.1 billion miles driven by an average passenger vehicle.2 REG received an incentive package from the state of Louisiana that contains comprehensive workforce support and tax incentives.
“It’s an honor to have such a forward-thinking business like Renewable Energy Group right here in the state of Louisiana,” said Louisiana Governor, John Bel Edwards. “REG has been an exceptional partner for this community and our state, and we were proud to be able to provide an incentive package for this improvement and expansion. This team is helping our world achieve lower-carbon goals, all while providing a great benefit to our local economy.”
The groundbreaking event included state and local lawmakers, as well as project partners and community members.
1Carbon reduction based on life cycle analysis of REG-produced fuels versus petroleum diesel.
2https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to, the number of jobs that will be created, the growing demand for certain fuels, the expected capacity of our Geismar, Louisiana renewable diesel production facility, Geismar being a strategically advantaged project, REG’s ability to position itself as a leader in the industry, the growth of the renewable diesel and biodiesel industries, and enhancements to Geismar’s logistics, estimated capital costs, time of project completion and incentives. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the success of our business plan, market factors and progress on the construction of our Geismar, Louisiana renewable diesel production facility, and other risks described in REG's annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and from time to time in REG's other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and we do not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
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(515) 979-3771
SAN ANTONIO & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Streamline Innovations, Inc. (Streamline) and EMDAD LLC, an Abu Dhabi-based integrated solution provider for the energy sector (EMDAD), are pleased to announce a collaborative initiative to market and deploy Streamline’s environmentally forward treatment solutions for H2S and CO2 to EMDAD’s clients in the United Arab Emirates. Under the terms of the Agency Agreement, EMDAD will represent Streamline in the U.A.E. with prospective clients.
The sales and marketing initiative comes at a time when the global energy industry is moving towards the goal of achieving net-zero emissions and eliminating the routine flaring of natural gas. In response to growing momentum to improve Environmental, Social and Governance (ESG) performance, U.A.E. and other oil producing nations in the Middle East are transitioning to more sustainable and environmentally friendly operational practices.
Instead of flaring H2S-contaminated natural gas that is produced in association with crude oil, producers in the region are seeking innovative cost-effective methods to treat contaminated gas and employ it for beneficial uses. Streamline technology destroys H2S and converts it into Simple Elemental Sulfur™, which is listed with the Organic Material Review Institute (OMRI) for use in Organic Production.
“We are excited to partner with EMDAD to bring our innovative, environmentally forward solutions to the clients and citizens of the U.A.E., accelerating our growth into one of the world’s most important oil and gas producing countries,” said David Sisk, CEO of Streamline Innovations. “Our solutions can help oil and gas producers achieve their ESG mandates, eliminate routine flaring of contaminated gas and reduce emissions, typically while generating additional revenue. EMDAD is an ideal partner to help us enter the U.A.E. market with their established presence, well trained staff, and knowledge of the unique challenges faced by operators in the region.”
“The establishment of this relationship with Streamline Innovations comes at an opportune time for both our clients and our company,” said Mohammed Juma Al Bawardi, Chairman of EMDAD. “Our clients are seeking new, innovative approaches that not only help them achieve their environmental performance goals, but also generate more revenue. Streamline’s solutions are aligned with these objectives, and we anticipate their technologies will be a key factor in strengthening relationships with existing clients and attracting new business.”
Streamline brings its technology based Valkryie™ H2S treatment solution and technical expertise to the partnership, while EMDAD brings local connections, existing client relationships and local knowledge of the U.A.E. market, including ADNOC. This combination provides oil and gas producers in the region with proven solutions for treating H2S and achieving ESG mandates, supported by a reliable and professional local team.
About EMDAD LLC
EMDAD is an Integrated Service Provider to the Energy, Utilities and Industrial sector in the UAE and the region. Since its inception in 1979, EMDAD has kept pace with steady global development of technologies and the fast growth of the United Arab Emirates nation in the Energy and Industrial sectors. Today EMDAD has a balanced portfolio of services in both the Upstream and Downstream value chain of its customers that cover Well Construction, Well Intervention, Drilling Waste Management, Asset Integrity and complete range of Maintenance and Turnaround Services. Its focus for the next decade is organic growth and expansion into the Digital Solutions and ESG initiatives. Visit www.emdad.ae for more information.
About Streamline Innovations
Streamline Innovation’s vision is Eliminating Pollution Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.
Streamline’s environmentally forward H2S treating solutions help achieve the “E” in ESG. H2S is present in many industrial processes throughout the world. Our technology can be applied across industries, delivering a sustainable solution that eliminates H2S, a leading cause of human inhalation accidents and SO2 emissions when burned, a primary cause of acid rain. Talon treats effectively in both gas and water phases.
We also believe that achieving ESG directives requires data. Creating intelligent systems that operate effectively and efficiently without human intervention is critical to measuring and reducing emissions that harm the environment. We integrate advanced process control, data collection and analytics in our technologies to provide a total solution for customers.
We serve organizations in multiple sectors, including Energy/Oil & Gas, Biogas, Landfill Gas & Renewable Fuels, Municipal Wastewater and Industrial Air & Water. Visit streamlineinnovations.com for more information.
Streamline Innovations
Steve Bagley
Director, Corporate Development
Streamline Innovations, Inc.
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EMDAD
Sreedharan Sujeendran
Director, Products & Solutions
EMDAD LLC
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HOUSTON--(BUSINESS WIRE)--Enstor Katy Storage and Transportation, L.P. (Enstor) has executed a New Technology Implementation Grant Program Contract with the Texas Commission on Environmental Quality (“TCEQ”) for the replacement of eight (8) lean burn natural gas engines with remanufactured rich burn natural gas engines that are more efficient and produce lower emissions. This joint effort between Enstor and TCEQ not only benefits the environment in a nonattainment area, but it increases Enstor’s capabilities to serve our customers. This project is funded in part by the State of Texas through a New Technology Implementation Grant Program (NTIG) from the Texas Commission on Environmental Quality.
“NTIG is an innovative and forward-thinking program that is of great benefit to the people of Texas and responsible industry operators like Enstor. The improvements to our injection capabilities along with the other enhancements we have made to our Katy facility and wells will allow Enstor to continue to provide high quality, reliable storage services,” said Enstor Gas, LLC CEO Paul Bieniawski.
The Notice to Proceed from the TCEQ is expected in 1Q2022 with construction commencing thereafter.
About Enstor Gas, LLC
Enstor Gas, LLC is the largest privately held natural gas storage company in the United States. Headquartered in Houston, the company owns and operates seven active underground natural gas storage facilities in five states with more than 134 BCF in working gas capacity. Enstor Gas, LLC has approximately 179 miles of transmission pipelines and 39 interconnects to major transmission pipelines. Enstor Gas, LLC is backed by ArcLight Capital Partners, LLC, a leading private equity firm focused on North American energy infrastructure investments. For more information, please visit www.enstorinc.com.
Casey Nikoloric
Managing Principal, TEN|10 Group
303.507.0510 m
303.433.4397 o
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» Nouveau Monde continues to be committed to its “Zero Harm” principle, including industry-leading ESG standards, carbon neutrality, and traceability to help power the clean energy transition
» The Company’s inaugural ESG report provides an overview of Nouveau Monde’s core commitments and anchor initiatives
» Nouveau Monde develops its carbon-neutral operations in Québec on a foundation of accountability with a view to contributing to global environmental and sustainability goals
» Robust disclosure and measurement as per international standards ensure transparency and accountability at every step of the Company’s development of what is projected to be the Western World’s largest battery-grade graphite operation
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--As it strives to become a contributor to the energy transition and circular economy, Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) is publishing its inaugural Environmental, Social, and Governance (“ESG”) Report to disclose its managerial approach to addressing material topics and highlight significant sustainability milestones and indicators. The Company’s ESG Report can be consulted here.
Nouveau Monde has embedded leading ESG principles in its business model alongside carbon-neutral operations and traceability of its value chain. Sustainability guided the development of the Matawinie mining project from day one through extensive stakeholder engagement and pioneering design choices to protect the environment, and was carried over in the engineering of the Bécancour battery materials plant. The Company’s ESG Report details anchor initiatives in this regard, including:
+ All-electric open-pit mine and processing facilities underpinned by clean hydropower
+ Progressive land management via innovative and safe co-disposal tailings process and ongoing backfilling during mining operations
+ Collaboration and benefit-sharing agreement with the local communities for job creation, skills training, and community development
+ In-house R&D team as well as partnership with world-class research centers and industry coalitions to be at the forefront of battery advancements
+ Proprietary anode material purification ecotechnology to reduce energy and harmful chemical consumption
Arne H Frandsen, Chairman of Nouveau Monde, commented: “Battery minerals cannot power a sustainable energy revolution unless their extraction and value-added transformation are done on a “Zero-Harm” basis. Nouveau Monde has anchored its business strategy on the essence of best-of-class ESG principles, where we focus on protecting the natural environment that has created our unique graphite anode raw materials. We are committed to our Zero-Harm philosophy while we aim at being a catalyst for growth and shared value for people and the environment in which we live. We as a team develop what is projected to be the Western World’s largest anode quality graphite operation, supporting the electrification of mobility as well as the renewable energy storage markets.”
The Company’s inaugural ESG Report provides an overview of Nouveau Monde’s historical and current commitments, anchor initiatives, and footprint with a view to contributing to global sustainability goals. From mining and advanced manufacturing to electric vehicles and energy storage, Nouveau Monde strives to drive greater sustainability along its value chain.
Eric Desaulniers, Founder, President, and CEO of Nouveau Monde, added: “Today, we are bringing to light our ESG achievements and setting the tone for our growth. We are committed to executing our business plan responsibly to deliver on our commitments to stakeholders, shareholders, and customers. We invite peers, competitors, and leaders from every sector of society to join our efforts; sustainability knows no boundaries. Through collaboration and innovation, we could multiply the impact of our actions for a decarbonized future.”
The Company has aligned its disclosure with internationally recognized frameworks, namely the United Nations’ Sustainable Development Goals (“SDGs”), the Global Reporting Initiative (“GRI”), and Sustainability Accounting Standards Board (“SASB”). The Company is committed to engaging in this transparency and accountability exercise yearly to provide its shareholders and stakeholders with a comprehensive set of data on its environmental, social, and governance performance. Nouveau Monde also intends to seek independent assessment and rating of its practices to complement this disclosure.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, Nouveau Monde aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the Company’s sustainability goals and commitments, the Company’s initiatives outlined in the ESG Report, including the all-electric open-pit mine, the Company’s commitment to our Zero-Harm philosophy, the Company’s contribution to growth and shared value, the expected importance of the Company in the Western World, the Company’s goal of fostering sustainability throughout its value chain, the Company’s commitment to provide annual ESG reports and to seek independent assessment and rating, and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global oil and gas security market exhibited moderate growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of 7.1% during 2021-2026.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Oil and gas security refer to the measures that are undertaken to protect the value chain of the oil and gas industry from security breaches and incidents. These measures widely include supervisory control and data acquisition (SCADA) and distributed control systems (DCS), which primarily protect the operational technology (OT) of the industrial infrastructure. These measures play a vital role in streamlining operations even during harsh climatic conditions, hazardous processes, and extreme temperatures, owing to which they are now increasingly utilized across the globe for ensuring high standards of security in the oil and gas industry.
Increasing digitization across the oil and gas industry represents one of the key factors driving the market growth. Digital processing of the workflow, which otherwise is instrumental in ensuring smooth operations, has exposed data and sensitive information to hacking and cyberattacks. In line with this, governments of various nations across the globe are implementing stringent measures to identify and combat cybersecurity vulnerabilities in the oil and gas industry, which is contributing to the market growth significantly. Furthermore, the distribution network of this industry usually spans across huge acres, which often become constrained to monitor through human resources. The oil and gas security measures, including web-based mobile surveillance, become crucial in such cases to ensure effective safeguarding of the operational network and streamlining the overall security system. Other factors, such as the rising energy demand and the rapid depletion of energy resources, along with aggressive efforts undertaken by both the private and government entities to improve the aging infrastructure, are expected to drive the market further.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Oil and Gas Security Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
7 Market Breakup by Security Type
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/7wx5pd
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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