LONDON & HOUSTON--(BUSINESS WIRE)--EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project. The study will include innovative integration of equipment for the production and conditioning of green hydrogen and infrastructure that allows for its transportation to the coast. The goal is to create a unique concept that can be standardized and implemented worldwide, allowing for large-scale hydrogen production.
BEHYOND brings together global players in energy, EDP and TechnipFMC, with the CEiiA research center - Center for Engineering and Development, WavEC Offshore Renewables, and the University of South-Eastern Norway (USN). The joint development will allow the consortium partners to position themselves in the hydrogen value chain, developing new business models and creating engineering solutions, new products and services for the hydrogen sector, worldwide.
This consortium will strengthen cooperation between Portugal and Norway and increase Portugal's competitiveness in the growth of the “blue economy.” The BEHYOND project was selected for support by the Blue Growth Programme of the European Economic Area Financial Mechanism (EEA Grants).
EDP, through the participation of EDP NEW and EDP Inovação, is the project coordinator and the entity responsible for the implementation of several phases, namely the strategic evaluation of the offshore wind-to-hydrogen market, the definition of viable business cases and the technology roadmap to reach commercial maturity.
Each member of the consortium brings specific competences that are complementary:
“The BEHYOND project will allow EDP to acquire the required know-how to enter new markets with clear synergies with our core activities. Green hydrogen produced from renewables is likely to become a key lever in the world’s decarbonization effort while mitigating the variability of offshore renewables and enhancing energy system’s flexibility. But we need to act now, in collaboration with the best technology and R&D partners, to address all the main technical and business challenges. For this reason, we are very enthusiastic to partner with TechnipFMC, a leader in the offshore sector with a growing sustainability vision and demonstrated engineering expertise. Moreover, by leading the BEHYOND project, EDP is anticipating a key trend and preparing the company for the future of energy,” said Ana Paula Marques, executive board member of EDP.
Hydrogen is a strategic area in the global development of clean energies and in which EDP aims to invest worldwide. By leading the BEHYOND project, the company is anticipating, leading the key trend and contributing to a sustainable future.
Jonathan Landes, President, Subsea at TechnipFMC, said, “We have the skills and expertise to contribute value to this study from our decades of experience in subsea, as well as the knowledge we have built during our ongoing Deep Purple™ green hydrogen project. The BEHYOND study also fits with our longer-term ESG goals. The involvement of a company with EDP’s strong market position demonstrates the increased focus and interest in the evolution of offshore hydrogen technology, as well as its potential to help meet the world’s long-term energy needs.”
About hydrogen
Hydrogen will be central to the future of the energy sector, decarbonizing sectors that are hard to electrify while mitigating the technical and economic impacts of intermittent renewable energy. These aspects will both be crucial to achieving the zero-emission social target. According to the European Hydrogen Strategy, the need for green hydrogen production in Europe will grow substantially and could account for 24% of energy demand in 2050, which will require the large-scale development of hydrogen-producing renewable energies solutions, both domestically and offshore. In this context, the production of offshore hydrogen has aroused more and more interest as a solution able to take advantage of natural resources, such as the abundant wind on the high seas, thus mitigating congestion on the electricity grid on land and providing a more economical means of transportation to the land.
NOTES FOR EDITORS
About EDP
EDP (listed in Euronext Lisbon) is a Portuguese integrated energy utility employing more than 10.000 people, with a global presence in a total of 19 countries. EDP is a major multinational energy company, producing, distributing, trading and selling energy (electricity and gas) worldwide. EDP has become a reference in renewable energy sector through EDP Renewables and is one of the largest wind energy operators.
EDP NEW - Center for New Energy Technologies, founded in 2014, is a subsidiary of the EDP Group dedicated to research and development in the energy sector. Its mission is to create possibilities to lead the energy transition, with a strong focus in technology demonstration projects funded through competitive R&D programmes notably Horizon 2020. EDP NEW is organized in 5 knowledge areas each representing a future innovation pillar for the EDP Group: Interoperable Smart Energy Grids, Positive Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. For further information, please visit https://www.edp.com/en/edp-new#about-us
EDP Inovação S.A. is a fully owned subsidiary of the EDP Group and has the mission to promote value-adding innovation across the energy value chain. EDP Inovação promotes technology demonstration projects and venture capital investments in the clean energy area.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees are driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Important Information for TechnipFMC Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About WavEC
WavEC is a Portuguese non-for-profit Expert Consultant with a strong R&D background in marine renewable energy with an offer structured in six areas: complex systems engineering, environmental monitoring & impact assessment, strategy & policy advise, offshore logistics & infrastructures, instrumentation & data acquisition, site & project development.
WavEC is a co-founder and member of the Board of Ocean Energy Europe and provides the Management of the IEA’s Ocean Energy Systems (OES).
WavEC has developed over 30 EU funded R&D projects in the last 10 years and has coordinated 6 of these and has provided services to more than 30 international companies in the same period in its areas of operation.
For further information, please visit www.wavec.org
About CEiiA
CEiiA is a Portuguese non-for-profit Product Development and Engineering Center created to contribute to a new model of economic and social development based on high added value products and services developed in Portugal. CEiiA employs about 250 engineers that develop and operate products and services for the urban mobility, aeronautics, and ocean & space sectors.
CEiiA’s expertise is based on mechanical design and engineering, aerodynamics, electronics, software development and systems integration, as well as prototyping and testing. In the ocean sector, CEiiA has been developing projects in the area of underwater robotics, marine structures and control systems for aquaculture as well as digital solutions for science and industrial applications.
CEiiA supports the United Nations Global Compact being a founder of the UN Sustainable Ocean Business Platform and an active member in the implementation of the SDGs.
For further information, please visit www.ceiia.com
About USN
University of South-Eastern Norway (USN) is the fourth largest university in Norway. The University is based at eight campus located in South Eastern Norway. USN’s ambition is to contribute to research-based developments in working life and society. The Systems Engineering Industry Master program at Campus Kongsberg offers expertise in development of complex systems and systems of systems. The students work 50% at a company while they are enrolled in the program. This allows the students to apply the Systems Engineering methods in their professional environment. More than 170 students have graduated from the program since the start in 2006.
FINANCING
About EEA GRANTS
Through the European Economic Area (EEA) Agreement, Iceland, Liechtenstein and Norway are partners, in the internal market, of the Member States of the European Union.
As a way of promoting a continuous and balanced strengthening of the economic and trade relations, the parties of the European Economic Area Agreement have established a Multiannual Financial Mechanism, known as the EEA Grants.
The EEA Grants aim to reduce social and economic disparities in Europe and to strengthen bilateral relations between these three countries and the beneficiary countries.
For the 2014-2021 period, a total contribution of €2.8 billion has been committed to 15 beneficiary countries. Portugal will benefit from a budget of €102.7 million.
For further information, please visit: eeagrants.gov.pt
For EDP
Ana Margarida Dias
Energias de Portugal sa Media
Tel: +351 935055073
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Alex Coronati
Project Manager
Tel: +351 910423644
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
For TechnipFMC
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
For WavEC
Janete Gonçalves
Communications Manager
Tel: +351 938 758 336
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global and China New Energy Vehicle Power Electronics Industry Report, 2021" report has been added to ResearchAndMarkets.com's offering.
As the electric vehicle market is developing rapidly, new energy vehicle power electronics see a lucrative development opportunity
According to EV Sales, the global electric vehicle sales volume soared by 249% year-on-year to 392,000 units in April 2021. As the electric vehicle market is developing rapidly, new energy vehicle power electronics see a lucrative development opportunity. New energy vehicle power electronics generally include motor controllers (including inverters) and automotive power supplies (automotive chargers and DC/DC).
I. Motor Controller Market
1. BYD leads the highly competitive motor controller market
Benefiting from the rapid development of China's local new energy vehicle brands, Chinese local motor controller vendors led by BYD have obvious advantages in the motor controller market. In 2020, BYD still ranked first with a market share of 13.6%; among the top 10 companies, 7 are Chinese local vendors, except two foreign companies Tesla and Nidec as well as UAES, a Sino-foreign joint venture.
2. Motor controllers are developing towards integration and high voltage
Electronic control is developing towards integration, and three-in-one drive system will become the mainstream
Motor controllers gradually develop from a single function to multi-functional integration, and the integration of motors and electronic control has become a major trend, among which three-in-one electric drive system will become the mainstream. In 2020, China's passenger car three-in-one electric drive system shipments exceeded 500,000 sets, accounting for about 37% of motor controller shipments.
At present, most companies still focus on two-in-one electric drive system, and companies including Bosch, BYD, Inovance, and JJE have launched three-in-one electric drive system. In 2020, Tesla, BYD, XPT and Nidec together accounted for 82.1% of the total sales volume.
The DriveONE three-in-one electric drive system launched by Huawei has the peak power density of 3kW/kg, marking the highest level in the industry, higher than Bosch eAxle which boasts 1.67 kW/kg. In the future, with the efforts of local vendors represented by Huawei and BYD, the gap between local companies and international vendors will gradually narrow.
Huawei's DriveONE Three-in-one Electric Drive System
SiC motor controllers are expected to replace IGBTs
As the core components of motor controllers, IGBT modules account for about 45% of the total cost. In 2020, the global new energy vehicle IGBT module market valued approximately USD850 million. However, high-priced automotive IGBT modules have severely compressed the profit margins of electronic control companies and even automakers.
Compared with silicon-based IGBT power devices, SiC power devices feature advantages such as smaller size, lower weight, higher power density, longer cruising range, less controller loss, better thermal conductivity, and higher temperature resistance. Therefore, vendors represented by Delphi and BYD have begun to deploy SiC motor controllers which are expected to replace IGBTs in the future.
II. Automotive Power Supply Market
In Chinese new energy vehicle power supply market, there are mainly four types of players:
Foreign-funded companies mainly target joint venture automakers, while local companies support independent brands. Thanks to the relatively higher sales volume of local new energy vehicles, local companies have a certain advantage in the automotive power supply market. In 2020, there were 6 local companies among the top 10 companies in Chinese new energy vehicle charger OBC market, with the combined market share of 66%.
At present, automotive power supply products are mainly developing towards integration, high power, and bidirectional style.
(1) Integration: By integrating DC/DC, OBC, motors, electronic control devices, etc., the space occupied by the automotive power supply can be reduced, the size of the circuit board, the assembly cost as well as the BOM and PCB cost can be lowered.
(2) High-power: With longer cruising range and higher electrified capacity of electric vehicles, high power like 10kW, 20kW or more will become the mainstream, which is mainly accomplished by the three-phase AC technology. At present, BYD and Shinry have already deployed in this field.
(3) Bidirectional style: Bidirectional DC/DC features high efficiency, small size, and low cost. At the same time, it can also output battery power to the outside, effectively improving power utilization. Two-way automotive chargers can output the electric energy of the battery to realize vehicle-to-vehicle, vehicle-to-load, and vehicle-to-grid charging.
Key Topics Covered:
1. Overview of Automotive Power Electronics
1.1 New Energy Vehicle Industry
1.1.1 New Energy Vehicle Development Plan by Country
1.1.2 New Energy Vehicle Development Plan of Automakers
1.1.3 New Energy Vehicle Sales
1.2 Overview of Automotive Power Electronics
1.2.1 Classification of Automotive Power Electronics
1.2.2 Power Supply Architecture of New Energy Vehicles
1.3 Motor Controllers
1.3.1 Classification
1.3.2 Key Performance Indicators
1.4 Automotive Power Supply
1.4.1 DC-DC Converters
1.4.2 Classification of DC-DC Converters
1.5 IGBT Market
1.5.1 IGBT for New Energy Vehicle Motor Controllers
1.5.2 Global New Energy Vehicle Semiconductor Power Device Market Size
1.5.3 Global IGBT Market Share
1.5.4 Distribution of IGBT Industry Chain Companies in China
1.5.5 Automotive IGBT Market Share in China
1.5.6 Comparison of New Energy Vehicle IGBT Vendors
2. Electric Vehicle Motor Controller Market
2.1 Status Quo
2.2 Market Size
2.3 Supply Model
2.4 Competitive Landscape
2.4.1 Comparison of Major Companies
2.4.2 Top 10 Companies by Electronic Controller Sales Volume
2.4.3 Market Share
2.5 Supply
2.6 Development Trends
3. Electric Vehicle DC/DC and Charger Market
3.1 Market Size
3.2 Competitive Landscape
3.2.1 Top 10 Companies by OBC Sales Volume, 2019 VS 2020
3.2.2 OBC Market Share, 2019 VS 2020
3.2.3 Supply
3.3 Development Trends
4. Key DC/DC and Charger Companies in China
4.1 EVTECH
4.2 Shinry
4.3 Tiecheng Information Technology
4.4 Shijiazhuang Tonhe Electronics Technologies
4.5 Luoyang Grasen Power Technology
5. Motor Controller (Inverter) Producers in China
5.1 Shanghai Edrive
5.2 Inovance
5.3 Shanghai Dajun Technologies
5.4 Santroll
5.5 Broad-Ocean Motor
5.6 UAES
5.7 CRRC Electric Vehicle
5.8 BYD
5.9 Zhuhai Enpower Electric
5.10 Shenzhen V&T Technologies
5.11 Fujian Fugong Power Technology
5.12 Chroma ATE
5.13 JJE
5.14 DEC Dongfeng Electric Machinery
5.15 Megmeet
5.16 XPT
5.17 HASCO
5.18 Hefei E-Power Technology
6. Global Motor Controller (Inverter) Producers
6.1 Hitachi Astemo
6.2 Mitsubishi Electric
6.3 Bosch
6.4 Continental
6.5 BorgWarner
6.6 Hyundai Mobis
7. IGBT Suppliers
7.1 Infineon
7.2 StarPower Semiconductor
7.3 BYD Semiconductor
7.4 Fuji Electric
7.5 Semikron
7.6 Denso
7.7 Zhixin Semiconductor
7.8 Zhuzhou CRRC Times Electric
For more information about this report visit https://www.researchandmarkets.com/r/jp10gv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that it will release its financial results for the second quarter 2021 after the market closes on Tuesday, July 27, 2021. Following the release, the Company will host a conference call to discuss the results at 8:00AM Mountain Time (10:00AM Eastern Time) on Wednesday, July 28, 2021. Presenting the Company’s results will be Chris Wright, Chief Executive Officer; Ron Gusek, President and Michael Stock, Chief Financial Officer.
Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Oilfield Services call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10148929. The replay will be available until August 4, 2021.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.
Michael Stock
Chief Financial Officer
303-515-2851
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CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) will release its second quarter 2021 earnings on Tuesday, August 3, 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: All participants must pre-register online, in advance of the call. Upon completion, registered participants will receive a confirmation email that includes instructions for accessing the call, as well as a unique registration ID and passcode. Please pre-register using the appropriate online registration links below:
Security Analysts :: Audio Registration
Your email confirmation will contain dial-in information, along with your unique ID and passcode.
All Other Participants :: Webcast Registration
Your email confirmation will contain the webcast link, along with your unique ID and passcode.
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) 585-8367 or (416) 621-4642. Conference ID: 4529988
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
412-553-5834
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media inquiries:
Natalie A. Cox – Communications and Corporate Affairs
412-395-3941
This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON & HOUSTON--(BUSINESS WIRE)--Regulatory News:
EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project. The study will include innovative integration of equipment for the production and conditioning of green hydrogen and infrastructure that allows for its transportation to the coast. The goal is to create a unique concept that can be standardized and implemented worldwide, allowing for large-scale hydrogen production.
BEHYOND brings together global players in energy, EDP and TechnipFMC, with the CEiiA research center - Center for Engineering and Development, WavEC Offshore Renewables, and the University of South-Eastern Norway (USN). The joint development will allow the consortium partners to position themselves in the hydrogen value chain, developing new business models and creating engineering solutions, new products and services for the hydrogen sector, worldwide.
This consortium will strengthen cooperation between Portugal and Norway and increase Portugal's competitiveness in the growth of the “blue economy.” The BEHYOND project was selected for support by the Blue Growth Programme of the European Economic Area Financial Mechanism (EEA Grants).
EDP, through the participation of EDP NEW and EDP Inovação, is the project coordinator and the entity responsible for the implementation of several phases, namely the strategic evaluation of the offshore wind-to-hydrogen market, the definition of viable business cases and the technology roadmap to reach commercial maturity.
Each member of the consortium brings specific competences that are complementary:
“The BEHYOND project will allow EDP to acquire the required know-how to enter new markets with clear synergies with our core activities. Green hydrogen produced from renewables is likely to become a key lever in the world’s decarbonization effort while mitigating the variability of offshore renewables and enhancing energy system’s flexibility. But we need to act now, in collaboration with the best technology and R&D partners, to address all the main technical and business challenges. For this reason, we are very enthusiastic to partner with TechnipFMC, a leader in the offshore sector with a growing sustainability vision and demonstrated engineering expertise. Moreover, by leading the BEHYOND project, EDP is anticipating a key trend and preparing the company for the future of energy,” said Ana Paula Marques, executive board member of EDP.
Hydrogen is a strategic area in the global development of clean energies and in which EDP aims to invest worldwide. By leading the BEHYOND project, the company is anticipating, leading the key trend and contributing to a sustainable future.
Jonathan Landes, President, Subsea at TechnipFMC, said, “We have the skills and expertise to contribute value to this study from our decades of experience in subsea, as well as the knowledge we have built during our ongoing Deep Purple™ green hydrogen project. The BEHYOND study also fits with our longer-term ESG goals. The involvement of a company with EDP’s strong market position demonstrates the increased focus and interest in the evolution of offshore hydrogen technology, as well as its potential to help meet the world’s long-term energy needs.”
About hydrogen
Hydrogen will be central to the future of the energy sector, decarbonizing sectors that are hard to electrify while mitigating the technical and economic impacts of intermittent renewable energy. These aspects will both be crucial to achieving the zero-emission social target. According to the European Hydrogen Strategy, the need for green hydrogen production in Europe will grow substantially and could account for 24% of energy demand in 2050, which will require the large-scale development of hydrogen-producing renewable energies solutions, both domestically and offshore. In this context, the production of offshore hydrogen has aroused more and more interest as a solution able to take advantage of natural resources, such as the abundant wind on the high seas, thus mitigating congestion on the electricity grid on land and providing a more economical means of transportation to the land.
NOTES FOR EDITORS
About EDP
EDP (listed in Euronext Lisbon) is a Portuguese integrated energy utility employing more than 10.000 people, with a global presence in a total of 19 countries. EDP is a major multinational energy company, producing, distributing, trading and selling energy (electricity and gas) worldwide. EDP has become a reference in renewable energy sector through EDP Renewables and is one of the largest wind energy operators.
EDP NEW - Center for New Energy Technologies, founded in 2014, is a subsidiary of the EDP Group dedicated to research and development in the energy sector. Its mission is to create possibilities to lead the energy transition, with a strong focus in technology demonstration projects funded through competitive R&D programmes notably Horizon 2020. EDP NEW is organized in 5 knowledge areas each representing a future innovation pillar for the EDP Group: Interoperable Smart Energy Grids, Positive Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. For further information, please visit https://www.edp.com/en/edp-new#about-us
EDP Inovação S.A. is a fully owned subsidiary of the EDP Group and has the mission to promote value-adding innovation across the energy value chain. EDP Inovação promotes technology demonstration projects and venture capital investments in the clean energy area.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees are driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Important Information for TechnipFMC Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About WavEC
WavEC is a Portuguese non-for-profit Expert Consultant with a strong R&D background in marine renewable energy with an offer structured in six areas: complex systems engineering, environmental monitoring & impact assessment, strategy & policy advise, offshore logistics & infrastructures, instrumentation & data acquisition, site & project development.
WavEC is a co-founder and member of the Board of Ocean Energy Europe and provides the Management of the IEA’s Ocean Energy Systems (OES).
WavEC has developed over 30 EU funded R&D projects in the last 10 years and has coordinated 6 of these and has provided services to more than 30 international companies in the same period in its areas of operation.
For further information, please visit www.wavec.org
About CEiiA
CEiiA is a Portuguese non-for-profit Product Development and Engineering Center created to contribute to a new model of economic and social development based on high added value products and services developed in Portugal. CEiiA employs about 250 engineers that develop and operate products and services for the urban mobility, aeronautics, and ocean & space sectors.
CEiiA’s expertise is based on mechanical design and engineering, aerodynamics, electronics, software development and systems integration, as well as prototyping and testing. In the ocean sector, CEiiA has been developing projects in the area of underwater robotics, marine structures and control systems for aquaculture as well as digital solutions for science and industrial applications.
CEiiA supports the United Nations Global Compact being a founder of the UN Sustainable Ocean Business Platform and an active member in the implementation of the SDGs.
For further information, please visit www.ceiia.com
About USN
University of South-Eastern Norway (USN) is the fourth largest university in Norway. The University is based at eight campus located in South Eastern Norway. USN’s ambition is to contribute to research-based developments in working life and society. The Systems Engineering Industry Master program at Campus Kongsberg offers expertise in development of complex systems and systems of systems. The students work 50% at a company while they are enrolled in the program. This allows the students to apply the Systems Engineering methods in their professional environment. More than 170 students have graduated from the program since the start in 2006.
FINANCING
About EEA GRANTS
Through the European Economic Area (EEA) Agreement, Iceland, Liechtenstein and Norway are partners, in the internal market, of the Member States of the European Union.
As a way of promoting a continuous and balanced strengthening of the economic and trade relations, the parties of the European Economic Area Agreement have established a Multiannual Financial Mechanism, known as the EEA Grants.
The EEA Grants aim to reduce social and economic disparities in Europe and to strengthen bilateral relations between these three countries and the beneficiary countries.
For the 2014-2021 period, a total contribution of €2.8 billion has been committed to 15 beneficiary countries. Portugal will benefit from a budget of €102.7 million.
For further information, please visit: eeagrants.gov.pt
Category: UK regulatory
For EDP
Ana Margarida Dias
Energias de Portugal sa Media
Tel: +351 935055073
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Alex Coronati
Project Manager
Tel: +351 910423644
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
For TechnipFMC
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
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James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
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Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
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Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
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For WavEC
Janete Gonçalves
Communications Manager
Tel: +351 938 758 336
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TROY, Mich.--(BUSINESS WIRE)--Electric Last Mile Solutions, Inc. (NASDAQ: ELMS) (“ELMS” or “the Company”), a designer of intelligent, e-mobility workstations for the last mile, today announced that it has signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry Co., Ltd. (HKSE: 305) (“Wuling Motors”), a supplier of automotive components and one of China’s leading automotive manufacturers of electric cargo vans and light duty specialty vehicles.
Under the agreement with Wuling Motors, ELMS will have long-term access to EV component systems and parts from Wuling Motors’ commercial EV cargo van platform for the manufacture of the ELMS all-electric Urban Delivery vehicle.
“At ELMS, we are reimagining the design of commercial vehicles as efficient, intelligent and profit-driving e-mobility workstations for our customers,” said ELMS Co-Founder and CEO, James Taylor. “We are delighted to be collaborating with a company of Wuling Motors’ caliber to broaden our long-term, strategic supply base. We believe that this partnership, as a part of our solutions ecosystem model and supplemental to our core vehicle integration and engineering capabilities, will enable us to quickly bring to market, segment-defining and U.S.-made EVs customized to our customers’ individual needs and optimized for the qualities that matter most to them: efficiency, reliability and total cost of ownership.”
The agreement with Wuling Motors adds to the Company’s existing and developing strategic partnerships with other industry-leading suppliers and service providers, including CATL for battery packs, Geotab for advanced telematics, Cox Automotive for comprehensive service coverage and Randy Marion Automotive Group for distribution.
The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial EV available in the U.S. market and will be produced at the Company’s plant in Mishawaka, Indiana. The Urban Delivery is anticipated to have a range of approximately 150 miles and is also expected to come with a suite of connectivity and productivity solutions, including over-the-air updates.
About Electric Last Mile, Inc.
ELMS (NASDAQ: ELMS) is focused on redefining the last mile with efficient, connected and customizable solutions. ELMS’ first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market. ELMS is now listed on NASDAQ following the completion of its merger with Forum Merger III Corporation, providing it with sufficient capital to execute its business plan. The company is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com or Twitter @ELMSolutions.
About Liuzhou Wuling Automobile Industry Co., Ltd.
Liuzhou Wuling Automobile Industry Co., Ltd. (Wuling Industry Co., Ltd. for short) was established in 2007 by Guangxi Automobile Group Co., Ltd. (formerly Liuzhou Wuling Automobile Co., Ltd.), integrating the company’s auto parts, engine, and special-purpose vehicle businesses with a Hong Kong listed joint venture company, Wuling Automobile Group Holdings Co., Ltd. (HK.00305), with total assets of 13.18 billion yuan and operating income of 18.48 billion yuan in 2019. With a history of more than 30 years of automotive manufacturing, Wuling focuses on providing customers with high-value products, from parts to cargo van and light duty vehicles.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance of the business, the size, demands and growth potential of the markets for the Company’s products and the Company’s ability to serve those markets, the Company’s ability to develop innovative products and compete with other companies engaged in the commercial delivery vehicle industry and/or the electric vehicle industry, the Company’s ability to attract and retain customers, the estimated go to market timing and cost for the Company’s products, and the implied valuation of the Company. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to recognize the anticipated benefits of the business combination with Forum Merger III Corporation, which may be affected by, among other things, competition and the ability of the Company to grow and manage growth profitably and retain its key employees; (2) changes in applicable laws or regulations; (3) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (4) the impact of COVID-19 on the Company’s business; (5) any delays the Company may experience in realizing its projected timelines and cost and volume targets for the production, launch and ramp up of production of the Company’s vehicles and the modification of its manufacturing facility; (6) the ability of the Company to obtain customers, obtain product orders, and convert its non-binding pre-orders into binding orders or sales; (7) the Company’s ability to implement its business plans and strategies; and (8) other risks and uncertainties indicated from time to time in the proxy statement filed by Forum relating to the business combination, including those under the “Risk Factors” section therein, and in Forum’s other filings and the Company’s future filings with the Securities and Exchange Commission. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that the Company considers immaterial or which are unknown. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its second quarter 2021 earnings release after market close on Wednesday, July 28, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, July 29, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (833) 665-0603. International parties may dial (929) 517-0394. The access code is 1488997. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.
An archived webcast of the conference call will be available on the Company’s website shortly after the end of the call.
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, Marcellus, Utica, Haynesville, Eagle Ford, Bakken and SCOOP/STACK, among other areas, and in Eastern Australia.
Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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DES MOINES, Iowa--(BUSINESS WIRE)--Berkshire Hathaway Energy and Dominion Energy today announced they have agreed to terminate the planned sale of Questar Pipeline Group to Berkshire Hathaway Energy. The decision has no impact on the sale of gas transmission and storage assets to Berkshire Hathaway Energy completed in November 2020. That sale represented approximately 80% of the original transaction value.
About Berkshire Hathaway Energy
From our roots in renewable energy, Berkshire Hathaway Energy has grown to a $127.5 billion portfolio of locally managed businesses that share a vision of being the best energy company in serving our customers, while delivering sustainable energy solutions. These businesses deliver low-cost, safe and reliable service each day to more than 12 million electric and natural gas customers and end-users throughout the U.S., Great Britain and Alberta, Canada. Our employees pride themselves in putting customers first in all they do, and as a result, our businesses consistently rank high among energy companies in customer satisfaction. Berkshire Hathaway Energy is headquartered in Des Moines, Iowa, U.S. Learn more at www.brkenergy.com.
Forward-looking Statements
This news release contains statements that do not directly or exclusively relate to historical facts. These statements are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by the use of forward-looking words, such as “will,” “may,” “could,” “project,” “believe,” “anticipate,” “expect,” “estimate,” “continue,” “intend,” “potential,” “plan,” “forecast” and similar terms. These statements are based upon Berkshire Hathaway Energy Company’s current intentions, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of Berkshire Hathaway Energy Company and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expectations include the impact of natural disasters and weather effects on revenues and other operating uncertainties, uncertainties relating to economic, political and business conditions and uncertainties regarding the impact of laws and regulations, including laws and regulations related to environmental protection, changes in government policy and competition. The foregoing factors that could cause Berkshire Hathaway Energy Company’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should not be construed as exclusive and should be considered in connection with information regarding risks and uncertainties that may affect Berkshire Hathaway Energy Company’s future results included in Berkshire Hathaway Energy Company’s filings with the Securities and Exchange Commission, which are available at the Securities and Exchange Commission’s website (www.sec.gov). Berkshire Hathaway Energy Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Berkshire Hathaway Energy
Media Hotline: 515-242-3022
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HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its second quarter 2021 earnings conference call for Thursday, August 5, 2021 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended June 30, 2021, which are expected to be released prior to the conference call.
Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the “Nine Energy Service Earnings Call.” Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.
For those who cannot listen to the live call, a telephonic replay of the call will be available through August 19, 2021 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and entering the passcode of 13721401.
About Nine Energy Service
Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.
For more information on the Company, please visit Nine’s website at nineenergyservice.com.
Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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Alliance improves payment speed and workflow security while maintaining an optimized consumer experience
ATLANTA--(BUSINESS WIRE)--KyckGlobal Inc., a digital payments firm offering an array of payment types and support services from a single point of reconciliation, and moneycorp, one of the world’s fastest-growing providers of global payments and currency risk management solutions, announces their partnership to deliver a streamlined solution for domestic and international payments originating in the United States and select countries. The partnership will provision ‘cross-border’ payments, specifically international ACH payments and wires, in over 145 currencies to more than 200 countries.
In the partnership, KyckGlobal will provide a comprehensive technology layer featuring an array of high-value domestic and international endpoints from which payment recipients may select. The KyckGlobal portal also provides an integrated payer dashboard that streamlines payee onboarding and overall management across the transaction lifecycle. Powered by moneycorp, KyckGlobal will deepen their cross-border payment solutions for U.S.-based and internal-based firms requiring fast implementation and reliable connectivity to the global marketplace.
“We’ve been deeply impressed with moneycorp’s responsiveness and FX rates as we worked out this partnership, and I’m confident we will open exciting new channels in the global marketplace,” said Ashish Bahl, founder and CEO of KyckGlobal. “Businesses of all sizes are ready to leap across all borders, and our partnership will make it possible.”
Through its partnership with KyckGlobal, moneycorp will also enhance its solutions by offering new emergent and traditional payout options such as Venmo and prepaid cards.
“moneycorp continues its evolution as a one-stop-shop for all payment types. As we earn the right to be our customers’ first in choice for payments and foreign exchange risk management it requires us to be innovative with a unique set of delivery channels and platforms through strategic partnerships.” said Bob Dowd, CEO of moneycorp Americas. “KyckGlobal is an ideal partner in this regard, and together we’re delivering a differentiated offering to the market that unlocks the complexities and enhances the international payments experience for customers and beneficiaries around the world.”
About moneycorp Americas
moneycorp Americas is a leading provider of global payments and currency risk management solutions. We pride ourselves on delivering high touch service and innovative technology products that put our customers’ business first. Our team of knowledgeable, seasoned professionals create tailor-made solutions and leverage our global network for seamless cross border payments and safeguarding FX risk exposure. Established in 1979, moneycorp serves global clients across North America, South America, Asia, Europe and Australia. Visit www.moneycorp.com to learn more.
About KyckGlobal, Inc.
KyckGlobal delivers streamlined outbound B:C payments to help accelerate business, featuring a cloud-based platform with a growing array of today’s most popular payment types from a single point of reconciliation. The KyckGlobal solution improves the customer experience with more inclusive payment types and various options for faster payments. By allowing payers to issue one-time and recurring payments from one integrated platform, KyckGlobal is helping to transform how business gets done in the key verticals of specialty consumer finance, marketplaces and staffing, claims and appeasements, and multi-level marketing, among others. Visit www.kyckglobal.com and @KyckGlobal.
KyckGlobal:
Mark Brodbeck
(678) 640-9979
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moneycorp:
Monica Bermudez
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ST. CROIX, U.S. Virgin Islands--(BUSINESS WIRE)--Limetree Bay Refining, LLC and several of its affiliates (collectively, “Limetree Bay” or the “Company”) today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Court”). Limetree Bay intends to use the Chapter 11 process to engage in discussions with its lenders, creditors, equity owners and others to evaluate options to maximize the value of the estate and recoveries for stakeholders, including exploring a potential sale of its assets.
Limetree Bay has received commitments for up to $25 million in new debtor-in-possession financing that, upon court approval, is expected to provide sufficient liquidity to meet ongoing business obligations related to the maintenance of the refinery during the Chapter 11 process.
The Chapter 11 filing was necessitated in part by the recent temporary suspension of Limetree Bay’s petroleum refining and processing operations on May 12, 2021 and the indefinite suspension of its plans to restart the refinery due to severe regulatory and financial constraints. Given the uncertainty related to the restart of production and commercial sales of refined products, the Company believes filing voluntary petitions under Chapter 11 is the most prudent course of action. It is expected that management will continue to be responsible for handling the care and maintenance of the refinery and all other necessary day-to-day operations throughout this process.
"We are extremely grateful to our investors, employees and business partners for standing by us through the restart process and these uncertain times,” said Jeff Rinker, Limetree Bay’s CEO. “Severe financial and regulatory constraints have left us no choice but to pursue this path, after careful consideration of all alternatives. The Chapter 11 process provides Limetree with the clearest path to maximize the value of our estate for our stakeholders while safely preparing the refinery for an extended shutdown.”
The parent of the Company expects to continue operations at its oil storage terminal business.
Baker Hostetler is acting as legal counsel for the Company and B. Riley Financial Inc. has been retained as restructuring advisor.
The Company intends to provide further updates on the Chapter 11 proceedings when there are significant developments.
About Limetree Bay Refining
Limetree Bay Refining, LLC, restarted operations in February 2021, and is capable of processing around 200,000 barrels per day. Key restart work at the site began in 2018, including the 62,000 barrels per day modern, delayed Coker unit, extensive desulfurization capacity, and a reformer unit to produce clean, low-sulfur transportation fuels. The restart project provided much needed economic development in the U.S.V.I. and created more than 4,000 construction jobs at its peak.
Sard Verbinnen & Co.
Kelly Kimberly / Brandon Messina
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CALGARY, Alberta--(BUSINESS WIRE)--(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2021 Second Quarter Earnings Call on Friday, July 30, following the company’s second quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.
During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.
Please click here [https://edge.media-server.com/mmc/p/k22sqghu] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.
Source: Imperial
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
MINNEAPOLIS--(BUSINESS WIRE)--#impactinvesting--North Sky Capital (“North Sky”), a pioneer in impact investing, is pleased to announce that Ms. Ying Lucy Fan has joined the firm as Vice President.
“We’ve known Lucy for many years and are delighted to welcome her to the North Sky team,” said Scott Barrington, North Sky’s Chief Executive Officer. “She brings considerable expertise in sustainable infrastructure investing, most recently in battery storage project development.”
Lucy joins North Sky from Peak Power, an Ontario‐based battery storage developer where she has served as Director Commercial Operations and Transactions since 2018. Previously, she was a Senior Associate at New Energy Capital, where she worked for more than four years with Adam Bernstein, who is now North Sky’s head of sustainable infrastructure. While at NEC, Lucy and Adam acted as sub‐advisors to North Sky’s 2010 and 2015 vintage infrastructure funds.
“We’re thrilled to be working again with Lucy,” said Adam Bernstein. “She brings a highly specialized skill set of development, operating and investing experience relevant to our specific middle market infrastructure sector.”
Lucy previously worked closely with Adam and North Sky Managing Director Mike Pohlen on the firm’s highly successful investment in FLS Energy. Dale Freudenberger, who served as CEO of FLS Energy, joined North Sky in March as Operating Partner.
“I am excited to be working again with Adam, Dale, Mike and the rest of the North Sky team,” said Lucy, who holds a BA in Chemical Engineering from the Massachusetts Institute of Technology. “I am eager to add my recent experience with battery storage project development to the firm’s expertise in investing in middle market clean energy, waste and water infrastructure projects.”
About North Sky Capital
North Sky Capital is a pioneer in impact investing in the United States. Now in its 21st year, North Sky has deployed more than $1 billion across more than 120 impact investments on behalf of its nine impact funds. The Firm’s active investment strategies focus on impact private equity (secondary strategy) and sustainable infrastructure (direct strategy) investments that support positive environmental and social impact while targeting market rate investment returns. Since 2010, North Sky’s sustainable infrastructure funds have deployed approximately $630 million in 33 middle market infrastructure investments across the clean energy, waste and water sectors in North America. Based in Minneapolis with additional offices in Boston and New York, North Sky is one of the most active impact investment managers. For more information, visit www.northskycapital.com.
Media:
Christina Drexler
BackBay Communications
(617) 391‐0774
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ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) today announced an agreement to sell its Daniel Measurement and Control Business to Turnspire Capital Partners. Daniel’s ultrasonic flowmeter and fiscal transfer system businesses are not included in the transaction.
Daniel has been a global leader providing fiscal flow and energy measurement to the oil and gas industry for more than 85 years. This sale demonstrates Emerson’s strategic priority to focus its portfolio and management attention on data-rich, software-enabled technologies in diversified and high growth end markets.
The transaction is expected to close in Emerson’s 2021 fiscal year and includes all of Daniel’s brand rights, facilities, intellectual property and personnel. Emerson will work closely with Turnspire to ensure a smooth transition for customers and employees.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.
About Turnspire Capital Partners
Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in their respective industry niches, and subsequently to grow the businesses through organic initiatives or strategic acquisitions. For additional information, please visit www.turnspirecap.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include our ability to complete the embedded computing and power transaction, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.
Investor Contact: Colleen Mettler (314) 553-2197
Media Contact: Casey Murphy (314) 982-6220
DUBLIN--(BUSINESS WIRE)--The "Global BCD Power IC Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The BCD power IC market is poised to grow by $ 8.82 billion during 2021-2025, progressing at a CAGR of about 5%
The market is driven by the growth in smart home and smart grid technology and the proliferation of smartphones and tablets.
The report on the BCD power IC market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The BCD power IC market analysis includes the end-user segment and geographic landscape.
This study identifies the energy-efficient devices gaining traction on a global scale as one of the prime reasons driving the BCD power IC market growth during the next few years.
The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading BCD power IC market vendors that include China Resources Power Holdings Co. Ltd., Diodes Inc., GLOBALFOUNDRIES US Inc., Hua Hong Semiconductor Ltd., Infineon Technologies AG, Inomize Ltd., MagnaChip Semiconductor Corp., Maxim Integrated Products Inc., NXP Semiconductors NV, and United Microelectronics Corp.
Also, the BCD power IC market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/hxaum8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) announced today that it has been awarded a 16-well contract with Woodside offshore Australia for semisubmersible, VALARIS DPS-1. The contract is expected to commence late in the first quarter or early in the second quarter of 2022 with an estimated duration of 300 days.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," “should,” “will” and similar words. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the Company’s liquidity and ability to access financing sources, debt restrictions that may limit our liquidity and flexibility, the COVID-19 outbreak and global pandemic, the related public health measures implemented by governments worldwide, the volatility in oil prices caused in part by the COVID-19 pandemic and the decisions by certain oil producers to reduce export prices and increase oil production, and cancellation, suspension, renegotiation or termination of drilling contracts and programs. In particular, the unprecedented nature of the current economic downturn, pandemic, and industry decline may make it particularly difficult to identify risks or predict the degree to which identified risks will impact the Company’s business and financial condition. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10- Q, which are available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
Investor & Media Contact: Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623
Technology will provide up to up to 100 hours of long-term energy storage for up to 135 megawatts of power generation
AKRON, Ohio--(BUSINESS WIRE)--$BW #energystorage--Babcock & Wilcox ("B&W") (NYSE: BW) and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) have signed an Intellectual Property Option Agreement that gives B&W field-limited exclusive rights to negotiate a licensing agreement that would allow it to market an advanced, particle-based thermal energy storage technology currently in development.
B&W is part of NREL’s Duration Addition to electricitY Storage (DAYS) Advanced Research Projects Agency-Energy (ARPA-E) team, which is developing an innovative electric particle heater, pressurized fluidized-bed heat exchanger, a long-term thermal energy storage system that stores energy up to 100 hours, and other technologies to allow power producers to store solar or wind energy to generate continuous, reliable, grid-scale power. B&W’s proven and established pressurized fluidized-bed boiler technology is an ideal choice for advancing this technology to commercial operations.
“High-capacity, long-term energy storage is essential for renewable energy sources such as solar and wind power to become widespread, baseload power options,” said B&W Chairman and Chief Executive Officer Kenny Young. “B&W’s fluidized-bed heat exchanger will be able to generate up to 135 megawatts of power for up to 100 hours (four days) from stored clean thermal energy with zero CO2 emissions. By facilitating long-term storage of zero-carbon, renewable energy, this technology enables power producers to deliver power to the grid 24-hours a day, including during periods of peak demand, or when solar or wind are not optimal conditions.”
“We see tremendous global commercial applications for our fluidized-bed heat exchanger and are pleased to have the opportunity to negotiate a licensing agreement with NREL and expand B&W’s technology for use in new, innovative energy storage platforms,” Young said.
B&W and NREL are also engaged in discussions to develop a prototype heat exchanger that can be scaled-up for a pilot demonstration as part of NREL’s Economic Long-Duration Electricity Storage Using Low-Cost Thermal Energy Storage and a High-Efficiency Power Cycle (ENDURING) project.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to an intellectual property option agreement between B&W and U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) that gives B&W exclusive rights to negotiate a licensing agreement and to market an advanced, particle-based thermal energy storage technology currently in development. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
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Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
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The City of Arvada, Colorado, recently completed a $4.5 million energy conservation project making significant upgrades to 15 facilities.
FRAMINGHAM, Mass. & ARVADA, Colo.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, and the City of Arvada, Colorado today announced the completion of an energy conservation and renewable energy project. Financed by a $4.5 million Energy Savings Performance Contract (ESPC), improvements made across the City of Arvada will guarantee energy cost savings and an overall reduction in energy usage.
In 2018, the City of Arvada selected Ameresco to implement a number of energy savings measures and infrastructure improvements. Working closely with City staff, Ameresco refurbished a total of 15 facilities and made significant upgrades to those facilities’ building envelopes, lighting and plumbing systems. The HVAC systems at Arvada’s City Hall and Center for Performing Arts were updated, as well. Additionally, photovoltaic systems were installed at five facilities.
Energy procurement optimization strategies helped to reduce utility costs. To see these upgrades to completion, the team utilized a budget neutral financing solution, together with a combination of internal city financing and a capital contribution by the city.
“We are thrilled to provide our innovative approach to energy conservation to the City of Arvada,” said Louis Maltezos, executive vice president of Ameresco. “Our goal throughout the entirety of the process was to implement clean technology solutions that simultaneously offered significant long-term cost savings and advanced the city’s passion for increased sustainability.”
Through its partnership with Ameresco for a smart approach to decarbonization, the City of Arvada is expected to experience a 6% reduction in annual energy consumption, an 11% reduction in electrical demand and a 21% reduction in total utility costs.
“We are excited to have had the opportunity to work closely with Ameresco on this project and further demonstrate our commitment to implementing renewable energy solutions,” said Kim Vagher, facilities division manager, City of Arvada.
Construction on the City of Arvada’s facilities began in January 2020 and was completed in March of 2021.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About the City of Arvada, CO
Founded in 1870 and incorporated in 1904, Arvada is located in Jefferson and Adams Counties just 10 miles from downtown Denver. The community retains a small-town feel even with its estimated population of 120,000. Arvada enjoys a rich history, quiet tree-lined neighborhoods and a robust mix of business. The City of Arvada’s strong civic leadership balances quality of life with an understanding and support of business and economic development. For more information, visit arvada.org.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of completion of a customer’s project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of March 31, 2021.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
City of Arvada: Rachael Kuroiwa, 720-450-1755, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Cargo Shipping Transportation Market, By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo and Others), By Industry (Oil & Gas, Ores, Manufacturing, Food, and Others), By Region, Competition Forecast & Opportunities, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
The Global Cargo Shipping Transportation Market stood at USD157.49 billion by value in 2020 and is forecast to grow at a CAGR of 5.87% until 2026, owing to the rising imports and exports of liquid, dry, general, and container cargo trade in the Asia Pacific & Middle East countries like India and Brazil.
On the basis of Cargo Type, the market can be bifurcated into Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo and Others. Bulk cargo accounted for share of 41.12% in 2020 and the segment is expected to maintain its market dominance during the forecast period, owing to the rebound in economies after the opening of country wise lockdowns.
Moreover, rapid urbanization and industrialization are likely to propel the demand for bulk cargo shipping. Growing infrastructure development, which requires significant use of steel products and iron ore, is also the key factor driving the bulk cargo segment.
Based on Industry, the market can be segmented into Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics and Others. Oil & Gas segment accounts for the largest market share due to crude oil, refined petroleum products and gas, which continued to grow amid a surplus in oil market supply and low oil prices.
Total seaborne trade volumes of oil tanker trade reached 3.1 billion tons in 2019 indicating a continuous increase over the previous years. Oil imports have continued at a steady rate in order to increase the inventory for crude oil and refined oil products. Such positive trends were supported by strong demand for crude oil imports in China, India and the United States and large quantities of exported petroleum products from India and China
Asia Pacific is estimated to be the largest market owing to the increasing infrastructural development activities and rising urbanization and industrialization in the region. Moreover, increasing investments in the manufacturing and trade industry in the region is expected to positively influence the market.
China holds the largest market share followed by South Korea and Japan, however, the market in India is expected to grow at the highest CAGR in the region.
Competitive Landscape
Some of the major players in the Global Cargo Shipping Transportation Market include
Years considered for this report:
Key Target Audience:
Report Scope:
Global Cargo Shipping Transportation Market, By Cargo Type:
Global Cargo Shipping Transportation Market, By Industry:
Global Cargo Shipping Transportation Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/gic8oh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WESTLAKE, Ohio--(BUSINESS WIRE)--#GEON--GEON® Performance Solutions is making significant investments in additional, new, state-of-the-art equipment to enhance its North America capacity and innovation capabilities. The expansion is already underway at the company’s facility in Dyersburg, Tennessee with a new wire and cable flexible line slated for operation at full capacity by the end of July.
GEON will also convert one of its existing compounding lines in Dyersburg to PVC compounding. It is expected that the conversion will be operational by year-end. These expansions represent a significant diversification of GEON’s compounding capabilities. The Dyersburg facility manages contract-tolling services for many Fortune 50 companies and polypropylene production for the automotive industry. During the pandemic, it was idled for an extended period due to its dependency on automotive production. This expansion should diversify the markets served and help to mitigate future impacts of market slowdowns.
These two lines represent an additional 120M lbs. in capacity investment and will further strengthen the company’s PVC compounding capabilities. GEON continues to bring value-added process technology to customers, enabling them to differentiate their products in automotive, wire & cable and building & construction applications.
“This represents another major step forward for GEON as an innovation leader in the industry and is an integral part of our strategic plan for the company,” says Tracy Garrison, Chief Executive Officer of GEON. “This capital investment in capacity and technology will expand our innovation capabilities across our PVC, polypropylene and plasticizer businesses, and provide us the ability to grow with best in class assets.”
This announcement comes at a time when the petrochemical industry is suffering from raw material shortages due to winter storm URI that caused electricity outages and plant shutdowns on the gulf coast. GEON, having multiple facilities across the country, helped customers to navigate their supply issues. This new investment will allow GEON to deliver even greater reliability and options for production.
“We continue to proactively serve our customers by anticipating needs and studying market trends,” says Garrison. “Our investments reflect our growth as a company and further demonstrate our commitment to our customers and innovation.”
In addition to these investments, GEON has unlocked over 20M lbs. of additional annualized capacity utilizing Lean Six Sigman methodology (LSS).
About GEON Performance Solutions
GEON Performance Solutions is a global leader in the formulation, development and manufacture of performance polymer solutions. With a portfolio of highly adaptable vinyl and polyolefin polymer technologies as well as a full-service manufacturing business, GEON combines three powerful traditions into a single, customer-focused business. GEON Performance Solutions is a leading innovator in the development of performance material solutions for a broad range of markets including appliances, building & construction, electronics, healthcare, transportation, wire & cable and more. GEON Performance Solutions has 1,100 global associates and 10 world-class manufacturing plants with headquarters in a western suburb of Cleveland, Ohio. Visit geon.com to learn more. GEON Performance Solutions is a portfolio company of SK Capital Partners.
John Hammer
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