HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2021 earnings conference call at 10:00 AM CDT on Friday, August 6, 2021. Forum will issue a press release regarding its second quarter 2021 earnings prior to the conference call.

To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. The access code is 8579755. The call will also be broadcast through the Investor Relations link on Forum’s website at www.f-e-t.com. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. A replay of the call will be available for two weeks after the call and may be accessed by dialing 855-859-2056 within North America, or 404-537-3406 outside of North America. The access code is 8579755.

FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.

Lyle Williams
Executive Vice President and Chief Financial Officer
713.351.7920
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• From today, Jenbacher Type 4 gas engines are available as “Ready for H₂” engines, able to operate on up to 100% hydrogen
• As of 2022, all other engine types are offered as “Ready for H₂”, with the option to operate with up to 25%(v) of hydrogen in pipeline gas
• All “Ready for H₂” units and most of the currently installed Jenbacher natural gas fueled engines can be converted to operate on 100% hydrogen, as hydrogen gas becomes more widely available

JENBACH, Austria--(BUSINESS WIRE)--#INNIO--As a key enabler and an integral part of the energy transition, today INNIO announced the launch of its “Ready for H₂” portfolio that includes 100% hydrogen-fueled Jenbacher H₂-engines. INNIO’s “Ready for H₂” gas engine portfolio is built on a long history of innovation with more than 30 years of experience and expertise in the use of renewable fuels and hydrogen-rich fuels, such as syngas and process gases for power generation.

INNIO’s “Ready for H₂” Portfolio

As of today, Jenbacher Type 4 gas engines – with an approximate output of 500 to 900 kilowatts (kW) - are available for operation with 100% hydrogen or mixtures of natural gas and hydrogen.

As of 2022, all other INNIO Jenbacher gas engines will be offered with a “Ready for H₂” option, capable of running with up to 25% volume of hydrogen in pipeline gas and being able to be readily converted from natural gas to 100% hydrogen operation.

In addition, most of the currently installed INNIO Jenbacher natural gas fueled fleet can be upgraded to operate with up to 25% volume of hydrogen in pipeline gas or converted from natural gas to 100% hydrogen operation.

INNIO Jenbacher gas engines are uniquely positioned to deliver hydrogen power generation.

Building on decades of experience

Twenty years ago, the first Jenbacher 150 kW pilot engine ran on 100% hydrogen at a demonstration plant in northern Germany. Two decades later, in 2020, following several additional demonstration projects, INNIO and HanseWerk Natur collaborated on the application of industrial-scale hydrogen-fueled gas engines. The companies demonstrated a flagship project using variable hydrogen-natural gas mixes including 100% hydrogen on the world’s first 1-megawatt (MW) gas engine.

“I am proud of INNIO’s announcement of the first ‘Ready for H₂’ product portfolio in the 200 kW – 10.4 MW power generation space. Our broad portfolio of innovative and fuel flexible Jenbacher gas engines - capable of operating on natural gas, carbon neutral biogas or hydrogen-rich fuels – are helping to pave the way to a greener energy future,” commented Carlos Lange, president and CEO of INNIO. “Jenbacher gas engines running on natural gas today can be converted to H₂ operation when hydrogen becomes more readily available. This means that customers who invest in Jenbacher natural gas engines today, are also investing for the future.”

With about 90 hydrogen-rich fuel projects across 28 countries, INNIO has more than 30 years of experience with engines running on up to 70% volume of hydrogen in the fuel, yielding more than 250 MW. These installations can be found on all continents with various INNIO Jenbacher Type 2, Type 3, Type 4 and Type 6 gas engines.

The power of hydrogen

Green hydrogen, as an energy carrier for storage of volatile renewable energy, can store renewable energy for months or seasons. This will make renewable energy sources reliable and dispatchable and support the acceleration of fossil fuel replacement across the energy sector.

INNIO is committed to leading the deployment of H₂-engines which will facilitate the acceleration and transformation from fossil fuels to renewable energy sources. Typically, INNIO Jenbacher hydrogen-fueled gas engines will be operating in a combined heat and power configuration, achieving around 90% hydrogen fuel utilization.

###

In 2021, EcoVadis awarded INNIO Jenbacher a silver medal to honor its engagement for a climate-neutral, greener, and more secure energy future. This places INNIO Jenbacher in the top 17% of its peers working towards sustainability.

About INNIO

INNIO is a leading provider of renewable gas, natural gas, and hydrogen-based solutions and services for power generation and gas compression at or near the point of use. With our Jenbacher and Waukesha gas engines, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by decarbonization, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

Susanne Reichelt
INNIO
+43 664 80833 2382
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Undergrounding 10,000 Miles of Power Lines in Highest Fire-Threat Areas

Initiative Builds on Recent Successful Projects Using Undergrounding to Harden the Electric System and Mitigate Wildfire Risk

CHICO, Calif.--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) today announced a major new initiative to expand the undergrounding of electric distribution power lines in High Fire Threat Districts (HFTD) to further harden its system and help prevent wildfires. The new infrastructure safety initiative, announced today in Butte County by PG&E Corporation CEO Patti Poppe, is a multi-year effort to underground approximately 10,000 miles of power lines.

PG&E’s commitment represents the largest effort in the U.S. to underground power lines as a wildfire risk reduction measure.

“We want what all of our customers want: a safe and resilient energy system. We have taken a stand that catastrophic wildfires shall stop. We will partner with the best and the brightest to bring that stand to life. We will demand excellence of ourselves. We will gladly partner with policymakers and state and local leaders to map a path we can all believe in,” Poppe said.

In addition to significantly reducing wildfire risk, undergrounding also benefits customers by lessening the need for Public Safety Power Shutoffs, which are called as a last resort during dry, windy conditions to reduce the risk of vegetation contacting live power lines and sparking a wildfire. Undergrounding also eases the need for vegetation management efforts, leaving more of California’s trees untouched.

Today, PG&E maintains more than 25,000 miles of overhead distribution power lines in the highest fire-threat areas (Tier 2, Tier 3 and Zone 1)—which is more than 30% of its total distribution overhead system.

10,000 miles of PG&E lines represents approximately the distance of 11 round trips from Chico to Los Angeles or almost half way around the world. The exact number of projects or miles undergrounded each year through PG&E’s new expanded undergrounding program will evolve as PG&E performs further project scoping and inspections, estimating and engineering review.

Public Engagement with Stakeholders to Guide New Undergrounding Plan

PG&E will engage customers and stakeholders as it develops a plan and reviews potential additional undergrounding sites based on a variety of factors, including local municipal planning and safety considerations. Engineering an underground electric system requires designing the system around existing water, natural gas and drainage systems, as well as planning for future road widening. PG&E intends to work closely with customers and local, state, federal, tribal and regulatory officials throughout this new safety initiative.

Learning from Projects to Inform Expanded Undergrounding Effort

In the past, undergrounding has been done on a select, case-by-case basis, and largely for reasons other than wildfire risk reduction. Thanks to breakthroughs PG&E has achieved on undergrounding projects in recent years, undergrounding can now play a much more prominent role in PG&E's ongoing efforts to harden the electric grid.

Following the devastating October 2017 Northern California wildfires and the 2018 Camp Fire, PG&E began to evaluate placing overhead power lines underground as a wildfire safety measure, and to better understand the construction and cost requirements associated with undergrounding for system hardening purposes. These demonstration projects were part of PG&E’s Community Wildfire Safety Program (CWSP) and included the following:

• From 2018-2020, PG&E completed multiple demonstration projects aimed at converting overhead power lines to underground in high fire-threat areas of Alameda, Contra Costa, Nevada, and Sonoma counties.

• As a part of the rebuild efforts following the October 2017 Northern California wildfires, PG&E completed undergrounding eight miles of power lines in the Larkfield Estates and Mark West Estates communities in Sonoma County in 2018.

• In 2019, PG&E announced it would rebuild all its power lines underground in the Town of Paradise as it helps the community recover from the Camp Fire. The company is also rebuilding power lines underground within the 2020 North Complex Fire footprint in Butte County.

Through these demonstration projects and rebuild efforts, PG&E has been able to refine the construction and cost requirements associated with targeted undergrounding, enabling the acceleration and expansion of undergrounding projects. Learnings include:

• Implementing new planning systems and strategies and using new materials and new equipment to make undergrounding more cost effective.
• Building strong partnerships with material suppliers and contractors to accelerate undergrounding efforts.
• Partnering with natural gas projects as well as phone and internet providers to joint trench and share costs, where possible.
• Using new technology and construction methods to increase trench production.
• Bundling work into larger blocks to take advantage of economies of scale.
• Testing new cable and conduit materials to accelerate undergrounding work processes.

Ongoing PG&E Wildfire Mitigation and Resiliency Efforts

In addition to significantly expanding its undergrounding, PG&E’s ongoing safety work to enhance grid resilience and address the growing threat of severe weather and wildfires continues on a risk-based and data-driven basis, as outlined in PG&E's 2021 Wildfire Mitigation Plan (WMP).

This includes:

• Installing stronger poles and covered power lines
• Deploying remote grids and community microgrids
• Targeted sectionalizing and grid reconfiguration
• Investing in centralized data analytics to reduce risk
• Conducting enhanced vegetation management
• Scaling the deployment of emerging technologies to proactively mitigate wildfire risk

Learn more about PG&E’s wildfire safety efforts by visiting pge.com/wildfiresafety.

To watch a recording of today’s announcement, visit PG&E’s YouTube channel.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and PG&E, including but not limited to undergrounding and PG&E’s ongoing wildfire mitigation and safety efforts. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation’s and PG&E’s joint annual report on Form 10-K for the year ended December 31, 2020, their joint quarterly report on Form 10-Q for the quarter ended March 31, 2021, and other reports filed with the SEC, which are available on PG&E Corporation’s website at www.pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.

Media Relations
415.973.5930

DUBLIN--(BUSINESS WIRE)--Gazelle Wind Power Limited has named an elite group of energy industry veterans to its board of directors, including some of the sector’s leading global policymakers, government officials, engineers, and CEOs. The distinguished group of industry experts will guide the company’s strategic growth and worldwide deployment of its disruptive hybrid floating platform, which has the ability to be a game-changing concept to support decarbonization.

“The caliber of Gazelle’s board of directors is a testament to our vision and a strong endorsement of our innovative technology,” said Jon Salazar, founder and president of Gazelle Wind Power. “We are poised to be the leader for enabling floating offshore wind, and these leaders have the expertise necessary to provide valuable guidance as we execute our strategy, drive growth, and deliver long-term solutions for a sustainable future.”

The Gazelle Wind Power board of directors includes the following:

Dr. Javier Cavada, chairman of Gazelle Wind Power, is a well-known leader in the cleantech industry. He is currently CEO and president of Highview Power where he drives the global expansion and deployment of the developer’s proprietary cryogenic energy storage technology. During Dr. Cavada’s 13-years with Wärtsilä Corporation, he led the company’s international energy business, driving its vision towards 100% renewables. He also served in executive roles in China, Italy, the Netherlands, Spain, and Finland. Dr. Cavada has chaired the boards of multiple subsidiary companies, including Greensmith Energy Management Inc., and held numerous leadership roles within the German multinational firm Robert Bosch.

Jon Salazar, founder and president of Gazelle Wind Power, has a successful track record in management consulting, R+D+i, and entrepreneurship in Europe and the Middle East. As a senior advisor with Deloitte, Salazar consulted with some of the world’s top-tier financial institutions and the largest banks in the Eurozone. He also held a senior leadership position developing Heathrow Airport, one of the world’s busiest airports, and co-owned a group of digital companies dedicated to the sustainable development of individuals and society by improving financial literacy.

Pierpaolo Mazza, CEO of Gazelle Wind Power, is an international executive with over 33 years of corporate leadership expertise with major energy companies such as GE Power Generation and Wärtsilä Corporation. During his 25-year career with GE Power Generation, Mazza grew product sales related to wind turbine generators and gas turbine technology from $60 million to more than $1 billion in the Central Eastern Europe, Russia, and CIS regions. Mazza was co-chairman of the Sakhalin Energy review committee and serves as an executive and non-executive director senior advisor to leading companies throughout the Middle East.

Connie Hedegaard, non-executive director of Gazelle Wind Power, is the former Minister of Environment to Denmark and former Commissioner for Climate Action, where she championed the negotiations towards adopting the EU 2030 Climate and Energy Framework. As commissioner, she was responsible for the 2050 Roadmap for moving to a low carbon economy and represented the EU in the international climate negotiations. Following her political career, Hedegaard spent 14 years as a respected journalist and head of Danish Radio News (DR). Hedegaard chairs numerous foundations and executive boards, including OECD’s Round Table for Sustainability, KR Foundation, Aarhus University, and Denmark’s green think tank, Concito. In addition, she serves as a board member in Danfoss, Nordex, Teknologisk Institut, and The European Climate Foundation.

David Mesonero, non-executive director of finances at Gazelle Wind Power, is the deputy director of the corporate development division at Iberdrola. His distinguished renewable energy career earned him recognition as one of the 15 most influential people in the wind industry by Wind Power Monthly magazine and as a recipient of the Recharge 4040 prize for the top 40 influential leaders in energy under the age of 40. Before his work with Iberdrola, Mesonero was CFO at Siemens Gamesa Renewable Energy. He served as a board member of Windar and Adwen and on Gamesa’s regional board in India, Mexico, and Brazil.

“Achieving the climate goals outlined in the Paris accords, along with the decarbonization goals set by individual nations, will require a broad range of clean technology solutions. I firmly believe that Gazelle Wind Power is the key to unlocking the massive deep-water offshore wind market that will help us achieve these aggressive climate goals. Gazelle’s technology enables energy providers to support power generation in deeper waters farther off the coastline at a lower cost and without damaging marine habitats,” said Dr. Cavada.

About Gazelle Wind Power Limited

Gazelle Wind Power Limited is unlocking the massive deep-water offshore wind market to achieve global decarbonization. The company’s durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, and Paris. For more information, visit www.gazellewindpower.com.

For Gazelle Wind Power:
Wendy Prabhu | Mercom Communications
T: +1 512 215 4452
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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) will hold its second quarter 2021 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT and 3:00 p.m. London) on Tuesday, August 3, 2021. The earnings release will be issued before the New York Stock Exchange opens that morning.

The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended that participants call 10 minutes prior to the scheduled start time.

A webcast replay and transcript of the call will be available on the Company’s website. A replay will also be available through September 3, 2021 by dialing +1-877-344-7529 within the United States or +1-412-317-0088 from outside the U.S. (conference ID 10157572).

Valaris uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Valaris news or SEC filings, please sign-up for Email Alerts on the Company’s website.

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.

Investor & Media Contact:
Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623

#38 Ranking, Up from #59 a Year Earlier

BURLINGTON, Vt.--(BUSINESS WIRE)--$isun #cleanenergy--iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, announced its ranking as one of the top solar contractors in the United States by Solar Power World, the industry’s leading source for technology, development and installation news.

iSun was ranked 38th overall, and 3^rd amongst all commercial & industrial EPC contractors in the United States.

Published annually, Solar Power World’s list ranks applicants according to their influence in the U.S. solar industry and includes over 400 companies. To see the list in entirety, please visit: https://www.solarpowerworldonline.com/2021-top-solar-contractors/.

iSun’s Chief Executive Officer, Jeffrey Peck, commented, “We are honored to be recognized by Solar Power World for our efforts to advance the adoption of solar energy. The increase in our rank from 2020 to 2021 reflects our attention to customer relationships and our ability to execute against the strategic growth plan we outlined at our public listing, despite the challenges of the COVID pandemic. Following our three-pronged approach, we have organically grown our EPC business and expanded into large utility scale projects, enhanced our pipeline and access to innovation through accretive M&A activity, and grown our recurring revenue and cash flows by investing in solar energy assets. We expect this growth to continue as we deploy our strategy across the residential, commercial, industrial, utility, and solar EV charging segments of our business.”

About iSun Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

IR Contact:
Tyler Barnes
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802-289-8141

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its second quarter 2021 earnings conference call for Friday, July 30, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Friday, July 30, 2021.

By Phone:

Dial 800-289-0438 inside the U.S. or 323-794-2423 internationally and ask for the Civeo call at least 10 minutes prior to the start time.

A replay will be available through August 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 8892853#.

By Webcast:

Connect to the webcast via the Events and Presentations page of Civeo's Investor Relations website at www.civeo.com.

Please log in at least 10 minutes in advance to register and download any necessary software.

A webcast replay will be available after the call.

ABOUT CIVEO

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 28 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 30,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.

Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400

Grace Altman
FTI Consulting
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FORT WORTH, Texas--(BUSINESS WIRE)--FTS International, Inc. (NYSE American: FTSI) announced today that it will release its financial results for the second quarter ended June 30, 2021 on Thursday, August 5, 2021 after the market closes. FTS International will hold a conference call that will also be webcast on its website on Friday, August 6, 2021 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss the results.

Presenting the Company’s results will be Michael Doss, Chief Executive Officer, who will then be joined by Buddy Petersen, Chief Operating Officer and Lance Turner, Chief Financial Officer, for Q&A.

Please see below for instructions on how to access the conference call and webcast.

About FTS International, Inc.

Headquartered in Fort Worth, Texas, FTS International is a pure-play hydraulic fracturing service company with operations across multiple basins in the United States.

To learn more, visit www.FTSI.com.

Lance Turner
Chief Financial Officer
817-862-2000
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PARIS--(BUSINESS WIRE)--Regulatory News:

TotalEnergies and Technip Energies (Paris:TE) (ISIN:NL0014559478) signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition.

As part of this agreement, both parties will explore new concepts and technologies, in order to reduce carbon footprint of existing facilities and greenfield projects in key areas, such as :

• LNG production,
• cryogeny,
• production and use of hydrogen for power generation,
• or processes for Carbon Capture, Utilization and Storage (CCUS) .

The qualification of new architectures and equipment that will be developed in these areas is also part of the agreement.

This partnership is based on a common belief that cooperation across the industry is needed to achieve energy transition goals. By partnering, Technip Energies and TotalEnergies rely on complementary expertise to decarbonize LNG plants and offshore facilities, supported by their leadership positions in these areas.

Arnaud Breuillac, President Exploration & Production at TotalEnergies, declared: “For TotalEnergies as a global LNG player, this collaboration brings opportunities to further innovate and strengthen our expertise in reducing GHG emissions, improving energy efficiency for our LNG and offshore assets and developing innovative technologies such as hydrogen. It is in line with our company’s ambition to be Carbon Neutral by 2050. We are looking forward to cooperating with Technip Energies to find solutions helping to advance towards a low carbon future.”

Arnaud Pieton, Chief Executive Officer of Technip Energies, stated: “We are very proud to partner with TotalEnergies, a long-standing client and partner to bring together our expertise and know-how in LNG and Offshore projects to accelerate the transition towards a low-carbon society. This agreement reflects our commitment to provide tangible and decarbonized solutions from the earliest concept to delivery and beyond.”

____

About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO₂ management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Disclaimers

This release is intended for informational purposes only for the shareholders of Technip Energies. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.

Important Information for 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. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

TotalEnergies
Media Relations : +33 1 47 44 46 99 l This email address is being protected from spambots. You need JavaScript enabled to view it. l This email address is being protected from spambots. You need JavaScript enabled to view it. l TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l This email address is being protected from spambots. You need JavaScript enabled to view it.

Technip Energies:
Investor relations: Phil Lindsay, Vice-President Investor Relations l Tel: +44 203 429 3929 l
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations :
Stella Fumey, Director Press Relations & Digital Communications l Tel: +33 (1) 85 67 40 95 l
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Jason Hyonne, Press Relations & Social Media Lead l Tel: +33 1 47 78 22 89 l
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, will host its second-quarter 2021 financial results conference call on Wednesday, August 4, 2021 at 9:00 a.m. ET.

On the call, Chairman, President and Chief Executive Officer Alan S. McKim, Executive Vice President and Chief Financial Officer Michael L. Battles, and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.

Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881. Please dial in at least 10 minutes prior to the start of the call. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership has successfully completed the first of two large scale Delaware Basin wastewater recycling projects in Lea County, NM. The initial project, which began in late May, supported one of our customers’ highly efficient simultaneous fracturing, or “simul-frac”, completion activities. Utilizing our own produced water, the Partnership treated and provided approximately 130,000 barrels per day, with peak volumes of up to 140,000 barrels per day. This project eliminated the need for over 5,000,000 barrels of fresh water. The second large scale recycling project will begin later this month. It is expected to provide 200,000 to 250,000 barrels per day, and potentially up to 350,000 barrels per day of recycled wastewater to a leading independent oil and gas producer.

NGL continues to see increasing demand for delivery of raw produced and recycled wastewater for customers’ completion activities in the Delaware Basin. Combined sales of raw produced wastewater for reuse and recycle are expected to average between 180,000 and 190,000 barrels per day through the first six months of this fiscal year, representing more than 85% of estimated total water sales.

This raw produced and recycled wastewater is efficiently delivered through NGL’s integrated pipeline network and treated using a proven and simplified mobile system that is positioned to take full advantage of its comprehensive integrated wastewater pipeline system providing support to producer activity throughout the Delaware Basin.

“We are committed to full lifecycle water management for our customers while keeping a keen focus on the environment,” commented Doug White, EVP of NGL Water Solutions. “As the leader in sales of raw produced and recycled wastewater in the Delaware Basin, we believe our simplified approach is the best way for us to continue to provide safe, efficient, reliable and ESG friendly solutions to our customers. In addition to conserving fresh water, we are also avoiding the need for water trucks, which eliminates air emissions, leads to fewer traffic accidents and reduces the wear and tear on the roads and highways in the areas where we operate.”

NGL owns and operates the largest integrated network of large diameter wastewater pipelines, disposal wells and raw produced reuse and recycling system in the Delaware Basin. The Partnership’s Water Solutions segment operates in a number of the most prolific crude oil and natural gas producing basins, including the Delaware, Midland, Eagle Ford and DJ Basins.

Forward Looking Statements

Certain matters contained in this press release include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC.

Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.

About NGL Energy Partners LP

NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, treats, recycles and disposes of produced water generated as part of the energy production process as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons.

For further information, visit the Partnership’s website at www.nglenergypartners.com.

NGL Energy Partners LP
Investor Relations, 918-481-1119
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Commercial:

Christian Holcomb, 303-815-1010
Senior Vice President & Chief Operating Officer – NGL Water Solutions
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Companies to evaluate Universal Hydrogen’s modular hydrogen fuel logistics solution for the zero-emissions derivative of the Dornier 328

LOS ANGELES--(BUSINESS WIRE)--#aerospace--Universal Hydrogen, the company fueling carbon-free flight, and Deutsche Aircraft, the new purpose-driven German aircraft Original Equipment Manufacturer (OEM), today announced a technical collaboration to advance the decarbonization of aviation, a global imperative in the fight against climate change. Together, the two companies will complete a design study to incorporate Universal Hydrogen’s modular capsule technology into the Dornier 328 program.

“We see hydrogen as the only realistic approach for aviation to meet the goals of the Paris Agreement,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “We are tackling the biggest obstacle to near-term hydrogen adoption: its delivery and distribution to airports and aircraft globally without costly infrastructure. This partnership with Deutsche Aircraft will accelerate our shared goal to put aviation on a trajectory toward true zero carbon emissions.”

The joint effort will analyze the size and integration of the modular capsule technology for hydrogen storage into the aircraft structure and systems (including loading and unloading considerations); aircraft weight and balance; hydrogen cost (infrastructure and fuel); mission performance; and the hydrogen logistics network design. In addition, both Universal Hydrogen and Deutsche Aircraft will work closely with regional and federal German government and European Union entities regarding the development, production, and implementation of the study and project.

“Deutsche Aircraft is committed to enter the new era of climate-neutral aviation. Partnering with companies that share our passion for climate-friendly design like Universal Hydrogen allow us to accelerate our vision for decarbonization,” said Martin Nüsseler, chief technology officer for Deutsche Aircraft. “We are excited to leverage Universal Hydrogen’s technical expertise to assess the safe and affordable use of hydrogen onboard our aircraft as part of our journey to zero emissions.”

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.

About Deutsche Aircraft

Founded on the proud heritage of Dornier and upholding Germany's reputation for engineering design, quality and innovation, Deutsche Aircraft is the new purpose-driven German Original Equipment Manufacturer (OEM). As Dornier 328 type certificate holder, Deutsche Aircraft enables development of the D328^® aircraft platform toward an efficient, economic and environmentally friendly aircraft, driving the future of aviation toward climate-neutral flight. With the government of Germany as partner, Deutsche Aircraft is leading the way in a new era of a cleaner, safer and more efficient aviation.

Kate Gundry
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617-797-5174

• Orders of $5.1 billion for the quarter, up 12% sequentially and up 4% year-over-year.
• Revenue of $5.1 billion for the quarter, up 8% sequentially and up 9% year-over-year.
• GAAP operating income of $194 million for the quarter, up 18% sequentially and favorable year-over-year.
• Adjusted operating income (a non-GAAP measure) of $333 million for the quarter was up 23% sequentially and favorable year-over-year.
• Adjusted EBITDA* (a non-GAAP measure) of $611 million for the quarter was up 9% sequentially and up 38% year-over-year.
• GAAP loss per share of $(0.08) for the quarter which included $0.18 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure) was $0.10.
• Cash flows generated from operating activities were $506 million for the quarter. Free cash flow (a non-GAAP measure) for the quarter was $385 million.

^{The Company presents its financial results in accordance with GAAP. However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see reconciliations in the section entitled "Reconciliation of GAAP to non-GAAP Financial Measures." Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.}

^{*Adjusted EBITDA (a non-GAAP measure) is defined as operating income (loss) excluding depreciation & amortization and operating income adjustments.}

LONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes Company (NYSE: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2021.

“We are pleased with our second quarter results as we continued to generate significant free cash flow, execute on our strategy, and lead in the energy transition. During the quarter, TPS and OFE delivered solid orders and operating income while OFS continued to improve margins. We continued to invest and collaborate in strategic areas for new energy frontiers, advancing our partnerships in hydrogen, carbon capture, utilization and storage, and clean integrated power. I want to thank our employees and partners for their continued hard work and commitment to safety,” said Lorenzo Simonelli, Baker Hughes chairman and chief executive officer.

“As we look ahead to the second half of 2021, we see continued signs of global economic recovery that should drive further demand growth for oil and natural gas. Although we recognize the risks presented by the variant strains of the COVID-19 virus, we expect spending and activity levels to gain momentum through the year as the macro environment improves, likely setting up the industry for stronger growth in 2022.

“We remain focused on executing our strategy as the macro economy improves and our customers continue on their journey to a net-zero future. We look forward to supporting our customers, advancing our strategic priorities, and delivering for our shareholders,” concluded Simonelli.

Quarter Highlights

Supporting our Customers

The OFS segment executed an innovative Integrated Well Services tripartite agreement with bp and Odfjell Drilling to work together and transform platform drilling and completions activity in the North Sea’s Clair Field, the largest oil field in Western Europe. The five-year agreement will aim to improve production across the Field and will use Integrated Operations Level Three (IO3), the most progressive and technologically-advanced model for shaping offshore work and onshore support.

OFS continued to secure contracts for its differentiated portfolio of electrical submersible pump systems (ESPs) in multiple regions. In the Middle East, OFS secured a contract with an oil and gas operator to install over 500 ESPs across onshore operations, enhancing the customer’s capabilities to increase production and provide reliable energy. In Latin America, OFS secured an eight-year sole provider rental contract with a customer in Ecuador for ESPs, horizontal pumping systems, variable speed drives, and ProductionLink digital solutions, ensuring reliable and efficient operations.

OFS also increased its leadership position in Latin America, securing a large offshore Integrated Drilling Services contract with Petrobras in Brazil. The contract will aim to increase integration, expand remote services, and promote drilling efficiency.

The OFE segment secured multiple significant contracts with Petrobras in the second quarter and continued to gain traction with its Subsea Connect portfolio of technologies. OFE signed a frame agreement for two flexible pipe contracts across five of Petrobras’ offshore fields, totaling more than 300 kilometers of pipe to ensure reliable connections and optimal flow under high pressures, extreme temperatures and corrosive conditions. OFE was also awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, including production and injection manifolds, control modules, subsea connection systems and associated services.

The TPS segment maintained its LNG leadership with several new equipment contracts in multiple regions, including the supply of main refrigerant and power generation technology for Nigeria LNG’s Train 7 project and aeroderivative gas turbine and compression technology for New Fortress Energy’s first “Fast LNG” modular offshore liquefaction project.

TPS secured a key contract for an ethylene cracker facility in India, displacing a competitor and providing compressor trains based on high efficiency steam turbine and centrifugal compression technologies. TPS also secured a key industrial win for its NovaLT12 technology for a combined heat and power application which will power a factory in the Kingdom of Saudi Arabia. TPS grew its year-over-year upgrades volume with multiple awards to support customer decarbonization efforts.

The DS segment continued to secure important contracts to advance customers’ energy transition goals, helping to reduce methane and carbon emissions as well as improve efficiencies. DS saw a number of awards in its flare.IQ advanced flare gas monitoring and optimization system, with contracts secured in the Middle East, China, North America and Europe.

DS secured a flare.IQ contract with bp, marking the first time flare.IQ will be used in the upstream oil and gas sector and continuing the two companies’ partnership to measure and reduce bp’s emissions from flaring at its global flaring operations. flare.IQ will be embedded into bp’s existing System 1 condition monitoring software from Bently Nevada, requiring no additional hardware for the customer.

DS continued to expand its industrial asset management wins across multiple end-markets. Bently Nevada secured a contract with a large corrugated paper manufacturing company for its condition monitoring and protection solutions, including wireless sensors, remote monitoring and diagnostics services to optimize production and reduce maintenance costs. The recently acquired ARMS Reliability business in Bently Nevada also grew its industrial asset management orders, including a subscription for its OnePM software to be deployed by a global chemicals customer with initial roll-out in China and Chile.

Executing on Priorities

Baker Hughes led another consecutive quarter in transforming its core operations, investing for growth in strategic areas, and positioning the Company for new frontiers.

The Company announced multiple collaborations and investments to decarbonize industries and develop low and zero-carbon technologies for the energy transition:

• Announced intention for Baker Hughes to become a cornerstone investor in the FiveT Hydrogen Fund alongside Chart Industries and Plug Power, helping to advance the hydrogen economy and infrastructure projects necessary for the hydrogen value chain.
• Announced an investment in Electrochaea, a growth-stage technology company, to expand Baker Hughes’ carbon capture, utilization and storage (CCUS) portfolio with power-to-gas solutions. Baker Hughes will combine its post-combustion carbon capture technology with Electrochaea’s bio-methanation technology to transform CO₂ emissions into lower-carbon synthetic natural gas. Baker Hughes will take an approximately 15% stake in Electrochaea and assume a seat on Electrochaea’s Board of Directors.
• Signed a strategic global agreement with Air Products to develop next generation hydrogen compression solutions to lower the cost of production and accelerate adoption of hydrogen as a zero-carbon fuel. Baker Hughes will provide advanced technologies for global hydrogen projects including the NovaLT16 turbine for Air Products’ net-zero hydrogen energy complex in Alberta, Canada, as well as advanced compression technology for the NEOM carbon-free hydrogen project in the Kingdom of Saudi Arabia.
• Signed an agreement with Borg CO₂, a Norwegian carbon capture and storage developer for industrial clusters, to collaborate on a CCUS project to service as a decarbonization hub for multiple industrial sites in the Viken region of Norway. The project aims to capture and store up to 90% of the CO₂ from the industrial sites, eventually being liquified, shipped and stored underneath the seabed of the North Sea. Borg CO₂ will leverage Baker Hughes’ CCUS technology portfolio, including the Chilled Ammonia Process and Compact Carbon Capture solutions.
• Signed an agreement with Bloom Energy to collaborate on the potential deployment of integrated, low-carbon power generation and hydrogen solutions. The two companies will focus on developing integrated power solutions using Bloom Energy’s solid oxide fuel cell technology and Baker Hughes NovaLT gas turbine technology; integrated hydrogen solutions using Bloom Energy’s solid oxide electrolyzer cells with Baker Hughes’ hydrogen compression technology; and opportunities to leverage both companies’ portfolios for low-carbon and emissions reduction solutions. Pilot projects are expected to be launched in the next 2-3 years.
• Signed an agreement with Samsung Engineering to identify joint business development opportunities for energy and industrial customers to reduce their emissions. The two companies will focus on hydrogen and CCUS projects, leveraging Baker Hughes’ compression, NovaLT gas turbines, flexible pipe, and condition monitoring technologies and services. The two companies will initially focus on key Korean customers and projects including refineries, petrochemical plants, and industrial environmental facilities.
• Signed an agreement with Rosetti Marino, a provider of integrated project execution, engineering, procurement, fabrication, installation and commissioning services for the oil and gas, renewables, chemical, power generation and shipbuilding sectors. The two companies will collaborate on jointly developing CCUS projects, initially focusing on opportunities in Italy to boost the activation of a local supply chain and drive progress in energy transition in the region.

Baker Hughes signed a major agreement with PJSC LUKOIL to collaborate on multiple energy efficient technologies for the oil and gas sector to increase efficiencies, reduce carbon emissions, raise productivity and support the energy transition.

The companies will partner to test artificial lift systems (ALS) technology using Baker Hughes’s ESPs with LUKOIL’s leading energy efficient Permanent Magnet Motors (PMM), reducing energy consumption by 15-20% compared to existing artificial lift processes. The companies will also explore emissions mapping and abatement projects at LUKOIL’s overseas projects and a collaboration to produce Baker Hughes’ spoolable composite pipes in Russia, leveraging LUKOIL’s polymer production to provide an efficient and lower carbon alternative to traditional steel pipes.

TPS continued its focus on services growth, maintaining long-term relationships with LNG customers and achieving a major milestone by securing a six-year services contract extension in North America for a key producer. TPS also grew its year-over-year upgrades volume with significant deals across multiple regions, in particular Europe and the Middle East, for various applications including pipelines and offshore, as well as solutions to support customers’ operational decarbonization efforts.

Leading with Innovation

Baker Hughes continued to develop and deploy technologies to advance the energy transition, improve efficiencies, reduce emissions and accelerate digital transformation for industrial customers.

The BakerHughesC3.ai joint venture alliance (BHC3) announced that KBC, a wholly-owned subsidiary of Yokogawa Electric corporation, has adopted BHC3’s artificial intelligence (AI) technology to enhance its existing software portfolio for oil and gas process simulation, supply chain optimization and energy management. BHC3’s AI solutions will provide continuous automated updates to physics-based simulations through a flexible model to scale for any industrial configuration and environment. KBC expects the software deployment to generate significant annual economic value for customers, estimating that improved operations will yield more than $0.65 per barrel.

DS continued to drive digital transformation for industrial customers through its Nexus Controls and Bently Nevada product lines. In Latin America, DS secured a contract to upgrade Ecopetrol’s turbomachinery control systems for an upstream facility in Colombia. The contract includes control systems, cybersecurity, and excitation systems from Nexus Controls as well as the 3500 condition monitoring system and System 1 software from Bently Nevada.

Waygate Technologies launched a new digital service using advanced robotics to provide safe and efficient inspection as well as cleaning of industrial boilers. The service, known as Boiler Robotic Inspection & Cleaning (BRIC), leverages sophisticated ultrasonic and visual sensors and was developed in close collaboration with BASF, a world leader in chemicals. BRIC eliminates physical risks of inspections, provides more precise data than competing technologies, and dramatically cuts costs for customers in the chemical, pulp & paper, energy and other manufacturing industries.

TPS continued to advance technologies for the energy transition. As part of a research and innovation consortium funded by the EU Horizon 2020 program, TPS is developing supercritical CO₂ technologies for flexible and efficient energy storage systems, with a first of its kind compressor to be used in thermal power plants. The compressor prototype is being tested at Baker Hughes’ facilities in Italy and is expected to increase overall plant efficiency, reduce emissions and water consumption, and provide more flexibility to adapt for changing energy conditions.

Consolidated Results by Reporting Segment

Orders for the quarter were $5,093 million, up 12% sequentially and up 4% year-over-year. The sequential increase was a result of higher order intake in Oilfield Equipment, Oilfield Services and Turbomachinery & Process Solutions, partially offset by a reduction in Digital Solutions. Equipment orders were up 15% sequentially and service orders were up 10%.

Year-over-year, the increase in orders was a result of higher order intake in Turbomachinery & Process Solutions and Digital Solutions, partially offset by a decline in Oilfield Equipment and Oilfield Services. Year-over-year equipment orders were down 6% and service orders were up 12%.

The Company's total book-to-bill ratio in the quarter was 1.0; the equipment book-to-bill ratio in the quarter was 0.9.

Remaining Performance Obligations (RPO) in the second quarter ended at $23.8 billion, an increase of $0.6 billion from the first quarter of 2021. Equipment RPO was $7.6 billion, up 1% sequentially. Services RPO was $16.2 billion, up 3% sequentially.

Revenue for the quarter was $5,142 million, an increase of 8%, sequentially. The increase in revenue was driven by higher volume across all segments.

Compared to the same quarter last year, revenue was up 9%, driven by higher volume in Turbomachinery & Process Solutions and Digital Solutions segments, partially offset by Oilfield Equipment and Oilfield Services.

On a GAAP basis, operating income for the second quarter of 2021 was $194 million. Operating income increased $30 million sequentially and increased $245 million year-over-year. Total segment operating income was $444 million for the second quarter of 2021, up 17% sequentially and favorable year-over-year.

Adjusted operating income (a non-GAAP measure) for the second quarter of 2021 was $333 million, which excludes adjustments totaling $139 million before tax, mainly related to restructuring and separation related charges. A complete list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1a in the section entitled “Reconciliation of GAAP to non-GAAP Financial Measures.” Adjusted operating income for the second quarter of 2021 was up 23% sequentially, driven by volume increases across all segments. Adjusted operating income was favorable year-over-year driven by volume in the Turbomachinery & Process Solutions segment, and margin expansion in the Oilfield Services and Oilfield Equipment segments, partially offset by margin contraction in the Digital Solutions segment.

Depreciation and amortization for the second quarter of 2021 was $278 million.

Adjusted EBITDA (a non-GAAP measure) for the second quarter of 2021 was $611 million, which excludes adjustments totaling $139 million before tax, mainly related to restructuring and separation related charges. Adjusted EBITDA for the second quarter was up 9% sequentially and up 38% year-over-year.

Corporate costs were $111 million in the second quarter of 2021, up 2% sequentially and down 5% year-over-year.

Other Financial Items

Income tax expense in the second quarter of 2021 was $143 million.

Other non-operating loss in the second quarter of 2021 was $63 million. Included in other non-operating loss was a non-recurring charge for a loss contingency related to certain tax matters and losses from the net change in fair value of our investment in C3.ai.

GAAP diluted loss per share was $(0.08). Adjusted diluted earnings per share was $0.10. Excluded from adjusted diluted earnings per share were all items listed in Table 1a in the section entitled "Reconciliation of GAAP to non-GAAP Financial Measures" as well as the "other adjustments (non-operating)" found in Table 1c.

Cash flow from operating activities was $506 million for the second quarter of 2021. Free cash flow (a non-GAAP measure) for the quarter was $385 million. A reconciliation from GAAP has been provided in Table 1d in the section entitled "Reconciliation of GAAP to non-GAAP Financial Measures."

Capital expenditures, net of proceeds from disposal of assets, were $121 million for the second quarter of 2021.

Results by Reporting Segment

The following segment discussions and variance explanations are intended to reflect management's view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.

Oilfield Services (OFS) revenue of $2,358 million for the second quarter increased by $158 million, or 7%, sequentially.

North America revenue was $693 million, up 11% sequentially. International revenue was $1,665 million, an increase of 6% sequentially, driven by higher revenues in Asia Pacific, Europe, and Latin America.

Segment operating income before tax for the quarter was $171 million. Operating income for the second quarter was up $28 million, or 20% sequentially, primarily driven by higher volume.

Oilfield Equipment (OFE) orders of $681 million were down $18 million, or 3%, year-over-year, driven by lower order intake in the Subsea Production Systems, and Subsea Pressure Control Projects businesses, and from the disposition of the Surface Pressure Control Flow business in the fourth quarter of 2020, partially offset by growth in Services and Flexible Pipe Systems.

Investor Relations
Jud Bailey
+1 281-809-9088
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Media Relations
Thomas Millas
+1 713-879-2862
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Reviews Project Scope and Commitment to Safety, Sustainability and Environmental Stewardship

BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (Nasdaq: PLL, ASX: PLL), a pre-production business targeting the integrated production of battery quality lithium hydroxide to support a US and global electric vehicle supply chain, completed its initial public presentation to the community and Board of Commissioners of Gaston County, North Carolina on July 20, 2021. The presentation addressed how the Carolina Lithium Project could position Gaston County to be a significant part of the new U.S. electric vehicle supply chain, the bipartisan support for the development of critical minerals in the United States, and Piedmont’s commitment to protect the environment and community.

“We were honored to present at last night’s meeting, and we welcomed the opportunity to provide an update on our company, our values and our proposed project to the Gaston County commissioners and our community. We confirmed last night that we would submit our North Carolina state mining permit application in August 2021 as planned, and we look forward to addressing all of the questions that arise during the permitting and rezoning process. We are committed to building the safest, most sustainable, and environmentally responsible project of this kind in the world,” said Keith Phillips, Piedmont Lithium President and CEO.

Piedmont also addressed misunderstandings in recent media reports regarding Piedmont’s development timeline, permit applications, and commitment to the environment. “Although we received important federal permits for our project in 2019, Piedmont’s upcoming state mining permit and county rezoning applications could only advance once our definitive plans were established. Our project has evolved significantly over the past four years – we have selected more efficient and environmentally friendly technology, and fully-integrated our business plan into a single campus in Gaston County, North Carolina. These project improvements have resulted in adjustments to our plans and, with the results of our recent studies and improved lithium markets, we’re excited to move forward with the state and local approval processes,” added Phillips.

About Piedmont Lithium

Piedmont is developing a world-class integrated lithium business in the United States, enabling the transition to a net zero world and the creation of a clean energy economy in America. Our location in the renowned Carolina Tin Spodumene Belt of North Carolina, positions us to be one of the world’s lowest cost producers of lithium hydroxide and the most strategically located to serve the fast-growing U.S. electric vehicle supply chain. The unique geographic proximity of our resources, production operations and prospective customers, places Piedmont on the path to be the most sustainable producer of lithium hydroxide in the world and allow Piedmont to play a pivotal role in supporting America’s move to the electrification of transportation and energy storage. Additional information is available at www.piedmontlithium.com.

Brian Risinger, 1-704-910-9688
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ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the three and six months ended June 30, 2021, before market open on Thursday, August 5, 2021.

About Algoma Central
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.

For further information please contact:
Gregg A. Ruhl
President & CEO
905-687-7890

Peter D. Winkley, CPA, CA
Chief Financial Officer
905-687-7897

Or visit
www.algonet.com or www.sedar.com

DUBLIN--(BUSINESS WIRE)--The "Turbine Air Filtration Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global turbine air filtration market is expected to grow at a CAGR of 3.27%, accounting from USD 1.92 billion in 2020 to USD 2.29 billion in 2026.

The market was severely impacted due to the COVID-19 since the prime consumers of the market, such as the oil & gas industry and power generation industry, also witnessed a decline in the market activities.

Factors such as the adoption of natural gas-fired power plants, due to increasing focus on clean power generation, are expected to experience robust growth in the coming years, and this, in turn, is expected to drive the turbine air filtration market due to its vast application in the power sector. However, The rising adoption of renewable energy, such as solar and wind energy, is likely to hinder the market growth during the study period.

The power generation segment is expected to be the largest segment for the turbine air filter market, with gas turbine power generation has evolved to be one of the most viable and environmentally-friendly methods of power production.

The governments of China, India, and other developing economies have been preferring low-polluting gas-based power stations. This, in turn, is expected to create opportunities for the regional turbine air filtration systems market in the near future.

North America is expected to register the highest growth rate for the turbine air filtration systems market, with the majority of the demand coming from the countries such as the United States and Canada.

Key Market Trends Power Generation Segment to Dominate the Market

• Owing to its clean nature, natural gas is quickly becoming very popular fuel for electricity. Natural gas-fired electricity is expected to account for 80% of all further electricity generation capacity, by 2035.
• Furthermore, some of the factors driving the demand for gas turbine are - multiple fuel capabilities (renewable and synthesis fuels, short construction lead time, and modular construction), low power generation operational cost, low installed cost, reduced emissions, and very high efficiency. Hence, the booming gas turbine industry is expected to boost the demand for the air filtration systems during the forecast period.
• Gas turbines are commonly used in gas-fired power plants. As of 2019, more than 23% of the global power generation came from natural gas. Natural gas is one of the growing sources of power generation as it is in line with the global goals of reducing greenhouse gas emissions. According to International Energy Agency, power generation through natural gas (under sustainable development scenario) is expected to reach 7,043 TWh by 2030 from 6,124 GWh in 2018.

Asia-Pacific to Dominate the Market

• The factors driving the market in Asia-Pacific are - rapid industrialization and urbanization, rising demand for power from a large population, and low labor wages, resulting in a growing manufacturing sector. Additionally, the rapidly increasing construction activities in the region have contributed to a considerable increase in pollution levels.
• To act on these, the governments of China, India, and other developing economies have been preferring low-polluting gas-based stations and these moves are expected to boost the demand for the Asia-Pacific turbine air filtration systems market.
• Further, leading turbine air filtration manufacturers aligned their focus toward business expansions across China, one of the biggest manufacturing industries in the world.
• Asian countries, such as India, in a bid to increase the utilization of gas-fired powered plants in December 2019, announced that it is working on a new plan to revive the gas-based power generation in the country. The plan is to bundle natural gas-based power generation (electricity rate of ~INR 4/unit) with the electricity generated from solar (~INR 2.95/Unit) and thus reduce the financial burden on the power generation companies and increase profitability. The implementation is likely to propel the demand for turbine air filtration systems during the forecast period.

Competitive Landscape

The turbine air filtration market is moderately fragmented. Some of the key players are Graver Technologies LLC, Camfil AB, MANN+ HUMMEL GmbH, Donaldson Company Inc., and Nordic Air Filtration A/S.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2026

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Power Generation

5.1.2 Oil and Gas

5.1.3 Others

5.2 Face Velocity

5.2.1 Low Velocity

5.2.2 Medium Velocity

5.2.3 High Velocity

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Daikin Industries Ltd

6.3.2 Camfil AB

6.3.3 Graver Technologies LLC

6.3.4 Parker Hannifin Corporation

6.3.5 Donaldson Company Inc.

6.3.6 Advanced Filtration Concepts

6.3.7 Koch Filter Corporation

6.3.8 MANN+ HUMMEL GmbH

6.3.9 Nordic Air Filtration A/S

6.3.10 Freudenberg Filtration Technologies SE & Co. KG

6.3.11 W. L. Gore & Associates Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/o4hto6

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HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors elected Jay Grewal and Michael Montelongo as members of its Board of Directors effective August 15, 2021. Ms. Grewal has been appointed as a Class III Director with an initial term expiring in May 2023 and will serve on the Company’s Audit Committee and Finance and Investment Committee. Mr. Montelongo has been appointed as a Class I Director with an initial term expiring in May 2024 and will serve on the Company’s Compensation Committee and Nominating and Corporate Governance Committee. Prior to August 15, 2021, Ms. Grewal and Mr. Montelongo will serve as observers at meetings of the Board.

“On behalf of our Board of Directors, I’m very pleased to welcome Jay and Michael to Civeo. Jay brings decades of financial and executive leadership experience as well as significant experience in the energy and power industry in North America to our Board and Audit Committee. Her experience and input will be integral as we manage and grow our Canadian business. Michael brings his experience in the managed services industry as well as his expertise in governance. Michael’s experience will be valuable as we look to expand our managed services business as well as further our ESG efforts," said Richard A. Navarre, Civeo’s Chairman of the Board.

About Jay Grewal

Ms. Grewal has served as President and Chief Executive Officer (CEO) of Manitoba Hydro, one of the largest integrated electric and natural gas utilities in Canada, since February 2019. Jay is a proven leader with over 26 years of leadership and corporate management experience including at executive levels in the utility, resource, finance and consulting sectors. She joined Manitoba Hydro from the Northwest Territories Power Corporation where she held the position of President and CEO from June 2017 to February 2019. Before then, Jay held senior executive roles with Capstone Mining Corp, Accenture, Inc., BC Hydro, and CIBC World Markets. Jay earned both a B.A. (honors) from the University of British Columbia as well as an M.B.A., finance from the Richard Ivey School of Business, University of Western Ontario. Jay sits on the board of a number of industry associations. In 2019 she was named as one of the Women of the Year by Chatelaine Magazine.

About Michael Montelongo

Mr. Montelongo has served as President and Chief Executive Officer of GRC Advisory Services, LLC, a board governance firm, since July 2016, and was previously Chief Administrative Officer and Senior Vice President, Public Policy and Corporate Affairs for Sodexo, Inc., a facilities and hospitality outsourcing solutions enterprise, from January 2008 to July 2016. He is a former George W. Bush White House appointee serving as the 19th Assistant Secretary for Financial Management and Chief Financial Officer of the U.S. Air Force from August 2001 to March 2005. Mr. Montelongo is a lifetime member of the Council on Foreign Relations and was an executive with a global management consulting firm and a regional telecommunications company. He completed a career in the U.S. Army that included line and staff assignments, a Congressional Fellowship in the U.S. Senate and service as an assistant professor teaching economics and political science at West Point. Mr. Montelongo also serves on the board of Conduent Incorporated (NASDAQ: CNDT), a business process outsourcing company, and privately-held Larry H. Miller Management Corporation. He earned his B.S. from West Point and an M.B.A. from Harvard Business School.

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 28 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 30,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements herein include the statements regarding Civeo’s future plans and outlook, are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Such risks and uncertainties include, among other things, risks associated with global health concerns and pandemics, including the COVID-19 pandemic and the risk that room occupancy may decline if our customers are limited or restricted in the availability of personnel who may become ill or be subjected to quarantine, risks associated with the general nature of the accommodations industry, risks associated with the level of supply and demand for oil, coal, iron ore and other minerals, including the level of activity, spending and developments in the Canadian oil sands, the level of demand for coal and other natural resources from, and investments and opportunities in, Australia, and fluctuations or sharp declines in the current and future prices of oil, natural gas, coal, iron ore and other minerals, risks associated with failure by our customers to reach positive final investment decisions on, or otherwise not complete, projects with respect to which we have been awarded contracts, which may cause those customers to terminate or postpone contracts, risks associated with currency exchange rates, risks associated with the company’s ability to integrate acquisitions, risks associated with labor shortages, risks associated with the development of new projects, including whether such projects will continue in the future, risks associated with the trading price of the company’s common shares, availability and cost of capital, risks associated with general global economic conditions, global weather conditions, natural disasters and security threats and changes to government and environmental regulations, including climate change, and other factors discussed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Civeo’s annual report on Form 10-K for the year ended December 31, 2020 and other reports the company may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained herein speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

Carolyn J. Stone
Civeo Corporation
Senior Vice President & Chief Financial Officer
713-510-2400

Financing Allows Phononic to Continue to Meet Explosive Market Opportunity for Sustainable Solutions in Cooling and Refrigeration

DURHAM, N.C. & NEW YORK--(BUSINESS WIRE)--#ESG--To support the global demand for Sustainable innovations that address climate change, Phononic, a global leader in solid-state cooling and heating technology, today announced that it has secured a significant growth investment led by $50 million from the Sustainable Investing business within Goldman Sachs Asset Management (Goldman Sachs). This investment allows Phononic to dramatically expand sales and marketing, domestic and international high-volume manufacturing capabilities, and expand its cooling and refrigeration product portfolio and platform.

Goldman Sachs joins previous investors Temasek, Franklin Templeton, Venrock, Oak Investment Partners, and others.

The world faces a climate warming catastrophe only exacerbated by a voracious appetite for cooling, refrigeration, and air conditioning. If left unchecked, by 2045 leaked refrigerants alone will contribute as much to CO₂ emissions as automobiles. Furthermore, 3 billion people live in hot climates, yet only 8% have access to air conditioning. As standards of living continue to increase and meet that of the developed world, CO₂ emissions will only worsen. Refrigerant regulations are often patchwork, eliminating some GWP refrigerants, but replacing them with toxic or flammable alternatives.

Solid-state cooling and refrigeration solutions that meet performance, cost, and sustainability metrics are key drivers behind Phononic’s explosive growth in Optolelectronics (Fiber Optic Communications/ 5G/LIDAR); Cold Chain Fulfillment (ecommerce ecosystem); and Technology Licensing (vaccine protection, cold chain and retail merchandising, and climate control).

“With millions of high-performance thermoelectric devices already in use around the globe, and tens of thousands of solid-state refrigerators and freezers in the field, Phononic’s technology and products are mission critical to the way we communicate; feed our families; safeguard and transport life-saving vaccines; and even shop for our favorite ice cream snacks,” said Tony Atti, Phononic Co-founder and CEO. “This support from Goldman Sachs is a validation of our team’s continued focus and dedication to making a transformative environmental impact.”

The investment from Goldman Sachs creates an exciting sustainability and growth opportunity for both parties. “We recognize the critical role cooling and refrigeration plays in the planet’s long term sustainability and climate viability, and we’re excited to invest in Phononic to further Goldman Sachs’ broader sustainability commitments,” said Jeff Possick, Managing Director at Goldman Sachs. “Phononic’s solid-state solutions are delivering performance and sustainability not available through legacy thermoelectric or compressor incumbents, and our investment aims to help grow and expand their capabilities to meet anticipated demand.”

About Phononic

Phononic, Inc. is an innovator of semiconductor cooling solutions that sustainably transform refrigeration and cooling. The Company's thermoelectric chips and fully integrated products are used in Optolelectronics (Fiber Optic Communications/5G/LIDAR); Cold Chain Fulfillment (ecommerce ecosystem); and Technology Licensing (licensed to leaders in the life sciences & healthcare, food & beverage and climate control sectors). Phononic’s innovations are revolutionizing the way people work and communicate, how grocers merchandize and deliver food, how life-saving vaccines and drugs are protected, and how houses and buildings are cooled – setting a new global standard of efficiency and sustainability.

For additional Company and product information visit: www.phononic.com.

About Goldman Sachs Asset Management

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of June 30, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn.

Copyright © 2021 Phononic. All rights reserved. Website phononic.com. Twitter @phononic_inc. LinkedIn Phononic Inc.

Media Contact:
Theresa Pantazopoulos, VP, Marketing & Corporate Communications
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HOUSTON--(BUSINESS WIRE)--Calpine and GE Renewable Energy announced today the completion of the Santa Ana Storage Project (SASP) in Southern California. The project contains a 20MW/80MWh (4hr) standalone battery energy storage system using GE’s Reservoir energy storage technology. The system, now in commercial operation, is supported by a 20-year Resource Adequacy Power Purchase Agreement (PPA). The project will be able to provide energy to up to 12,000 households during peak events, and/or 24,000 households during normal load conditions.

This grid-connected battery energy storage system represents a major step forward in Calpine’s plans to grow the company’s energy storage footprint. The SASP facility itself will be capable of considerable expansion in future phases.

“It is critical that consumers have affordable, reliable electricity as we work to integrate more renewable energy sources into the U.S. power supply,” said Alex Makler, Senior Vice President of Calpine’s West Region. “Calpine already operates the world’s largest geothermal facility in California, and this cutting-edge battery storage project represents another major investment in meeting the clean energy demands of an increasingly electrified world. We are proud to work with GE and the community of Santa Ana to showcase the very latest in energy storage solutions.”

“The energy storage system provides targeted local capacity to enhance grid reliability during peak periods,” added Mike Bowman, Renewable Hybrids Chief Technology Officer for GE Renewable Energy. “And, as fast-acting stabilization devices, the battery energy storage systems can charge and discharge rapidly to regulate frequency and contribute to grid stability, helping to balance and facilitate the ever-growing penetration of variable renewable energy. These assets will assist with making California’s state targets of 60% by 2030 and 100% by 2045.”

GE’s Reservoir is a flexible, compact solution that combines GE’s advanced technologies and expertise in plant controls, power electronics, battery management systems and electrical balance of plant – all backed by GE’s performance guarantees.

About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in major competitive wholesale and retail power markets across the U.S. Through wholesale power operations and our retail businesses, Calpine’s diverse team of approximately 2,300 employees serves customers across 22 states, Canada and Mexico. Calpine operates a fleet of 76 power plants representing nearly 26,000 MW of generation capacity. Environmental stewardship is fundamental to Calpine’s philosophy and culture; in addition to operating the largest geothermal facility in the world and the youngest, most efficient fleets of gas-fired power plants, Calpine has been a long-time advocate of the Clean Power Plan, Paris Climate Accord, carbon pricing and decarbonization.

If you would like to learn more about Calpine and our decarbonization efforts, please visit CalpineActsOnClimate.com, or follow us at Twitter.com/Calpine or Linkedin.com/Calpine.

About GE Renewable Energy
GE Renewable Energy is a $15 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons.

Follow us at www.ge.com/renewableenergy, on Linkedin.com/company/gerenewableenergy, or on Twitter.com/GErenewables.

Brett Kerr
Vice President, External Affairs
Calpine
+1-713-830-8809
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Agathe Lefévre De La Houplière
Communications
GE Renewable Energy
+33771448935
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NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by leading global private markets firm Partners Group, on behalf of its clients, and Glenfarne Group, LLC, announced today a new multi-year partnership with GivePower, a non-profit that works to improve the quality of life of people who need it most through solar energy impact projects. EnfraGen is kicking off this partnership as the lead donor in a matching campaign with a select consortium of organizations active in Latin American business and will be announcing further partners in the coming weeks.

With more than 3.5 billion people around the world living without access to reliable electricity, GivePower’s mission is to electrify the world with clean energy and provide greater health, economic and education opportunities to developing regions. Since its founding in 2014, GivePower has completed over 2,500 projects across 23 countries, changing the lives of more than half a million people.

Over the next few years, EnfraGen, will be funding several essential impact infrastructure projects in Colombia, where EnfraGen subsidiary, Prime Energia, operates. These infrastructure projects include solar microgrids, solar water farms and other projects focused on providing access to clean water and clean energy to some of the most at-risk communities throughout the country. The first project will be a solar microgrid to power a local health post, agro-processing facility and local school for the Kogi, an indigenous group living in the Sierra Nevada de Santa Marta.

“As an active participant in Latin America’s energy transition, we are delighted to connect with GivePower, combining our local and sector expertise as well as our business relationships to help further their mission of providing access to clean energy,” said Brendan Duval, Founder & Managing Partner of Glenfarne Group, LLC and EnfraGen Chief Executive Officer. “GivePower’s history of execution success, their commitment to providing essential services to needy and developing communities, and furthering Colombia’s transition to cleaner energy sources makes them a perfect partner for EnfraGen.”

“We are incredibly grateful for EnfraGen’s generous commitment to supporting our projects in Colombia. By powering communities in need with clean energy, together we have the chance to meaningfully improve the health, economic status and overall wellbeing of those we serve,” said Michele Magee, President of GivePower.

About EnfraGen, LLC

EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.

EnfraGen is jointly controlled by Glenfarne Group, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.7GW of installed capacity in operation. The company, including its affiliates and subsidiaries, is supported by a team of approximately 325 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.

About Partners Group

Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 119 billion in assets under management as of 30 June 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.

About Glenfarne Group, LLC

Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas, Panama City, Panama; Santiago, Chile, and Bogota, Colombia. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets throughout North and South America and Asia. For more information, please visit www.glenfarnegroup.com.

About GivePower

GivePower is a 501(c)(3) non-profit organization committed to extending the environmental and social benefits of clean, renewable energy around the globe. GivePower uses solar and battery storage technologies to deliver essential services to the developing world, including sustainable access to clean water produced by the organization’s award-winning Solar Water Farms. GivePower has helped bring clean power and clean water to underserved communities in more than 20 countries across Africa, Asia, North America, and Latin America. Visit GivePower at www.givepower.org. Follow GivePower on Facebook, Instagram, YouTube and Twitter.

Kris Cole
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