LOS ANGELES--(BUSINESS WIRE)--Xos, Inc. ("Xos" or the "Company"), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC) (“NextGen”), on Tuesday, July 13, 2021 at 11 a.m. Eastern Time participated in an ICR De-SPAC webinar hosted by Wedbush Securities Managing Director and Technology Analyst Dan Ives, and today shared a replay of the webcast.
Topics of discussion during the webinar included:
Additionally, the webcast included a live Q&A session.
To watch the replay of the event, please CLICK HERE.
Xos expects to close its previously announced business combination with NextGen in the third quarter of 2021.
About Xos, Inc.
Xos, Inc. is an electric mobility company dedicated to making fleets more efficient. Xos designs and develops fully electric battery mobility systems specifically for commercial fleets. The company’s primary focus is on medium- and heavy-duty commercial vehicles that travel on “last mile” routes (i.e. predictable routes that are less than 200 miles per day). The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine and commercial EV counterparts. For more information, please visit www.xostrucks.com.
About NextGen
NextGen Acquisition Corporation is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NextGen is led by George Mattson, a former Partner at Goldman, Sachs & Co., and Gregory Summe, former Chairman and CEO of Perkin Elmer and Vice Chairman of the Carlyle Group. NextGen is listed on NASDAQ under the ticker symbol "NGAC." For more information, please visit www.nextgenacq.com.
IMPORTANT LEGAL INFORMATION
Additional Information and Where to Find It
This document relates to a proposed transaction between Xos and NextGen. This document is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. In connection with the proposed transaction, NextGen initially filed a registration statement on Form S-4 with the SEC on May 14, 2021, which includes a document that serves as a prospectus and proxy statement of NextGen (the “proxy statement/prospectus”). The proxy statement/prospectus will be sent to all NextGen shareholders. NextGen also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of NextGen are urged to read the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders may obtain free copies of the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC by NextGen through the website maintained by the SEC at www.sec.gov. The documents filed by NextGen with the SEC also may be obtained free of charge at NextGen’s website at https://www.nextgenacq.com/nextgen-i.html or upon written request to 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431.
Participants in the Solicitation
NextGen and Xos and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from NextGen’s shareholders in connection with the proposed transaction. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus. You may obtain a free copy of this document as described in the preceding paragraph.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Xos and NextGen, including statements regarding the anticipated timing of the transaction and the products, customers and markets of Xos. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of NextGen’s securities, (ii) the risk that the transaction may not be completed by NextGen’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NextGen, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of NextGen, the availability of the minimum amount of cash available in the trust account in which substantially all of the proceeds of NextGen's initial public offering and private placements of its warrants have been deposited following redemptions by NextGen’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Xos’s business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Xos and potential difficulties in Xos employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Xos or against NextGen related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of NextGen’s securities on a national securities exchange, (xi) the price of NextGen’s securities may be volatile due to a variety of factors, including changes in the seven competitive and regulated industries in which NextGen plans to operate or Xos operates, variations in operating performance across competitors, changes in laws and regulations affecting NextGen’s or Xos’ business, Xos’ inability to implement its business plan or meet or exceed its financial projections and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of NextGen’s registration statement on Form S-1 (File No. 333-248921), the registration statement on Form S-4 discussed above, the proxy statement/prospectus and other documents filed or that may be filed by NextGen from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward looking statements, and Xos and NextGen assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Xos nor NextGen gives any assurance that either Xos or NextGen, or the combined company, will achieve its expectations.
Xos Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Xos Media Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
NextGen
This email address is being protected from spambots. You need JavaScript enabled to view it.
Longtime industry specialist to expand MGA capabilities of Alliant Underwriting Solutions division
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--#AUS--Longtime energy and trade credit expert Jay Rose has joined Alliant as Senior Vice President within the company’s Alliant Underwriting Solutions (AUS) division. Rose will build a premier team with targeted industry expertise and a depth of underwriting capabilities to expand the division’s MGA capabilities within the power and energy sector. AUS is among the nation’s top 10 MGAs, generating in excess of $1.6 billion in annual gross written premium.
“Jay’s unique industry experience and deep expertise within the trade credit and surety market will play a critical role in the expansion of our offerings,” said Sean McConlogue, President, Alliant Underwriting Solutions. “He is a proven industry veteran who has experience leading highly successful teams that provide best-in-class solutions to the brokerage community and energy markets.”
Rose joins Alliant with a depth of capabilities creating unique liquidity solutions for transactions involving the buying, selling, and movement of critical energy commodities: a highly stable and predictable component of the supply chain. His experience includes launching a dedicated energy industry practice within the trade credit community.
Prior to joining Alliant, Rose was Managing Director within the energy practice of one of the world’s largest providers of trade credit insurance. Under Jay’s leadership, the practice built dedicated expertise and expanded the product suite, offering tailored trade credit solutions for energy commodity transactions as well as on-demand payment bonds and fronting solutions to provide letter of credit equivalent instruments for energy commodity contracts requiring assurance. These solutions provided some of the largest market participants with increased liquidity and capital relief.
Rose will be based in Dallas. He can be reached at (469) 951-7131 or at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Alliant Insurance Services
Alliant Insurance Services is one of the nation’s leading distributors of diversified insurance products and services. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of solutions built on innovative thinking and personal service. The business of managing risk is getting more complex, and Alliant is meeting this complexity head-on, not with more layers of management, but with more creativity and agility. Alliant is changing the way our clients approach risk management and benefits, so they can capitalize on new opportunities to grow and protect their organizations. Visit us at alliant.com.
Nick Kopinga
Vice President
Corporate Marketing and Communications
(949) 260-5004
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI) will release its second-quarter financial results after market hours on Thursday, July 29, 2021, and will host a conference call that day beginning at 1:30 p.m. Pacific time.
Members of the investment community can register for the call by visiting the following link: http://www.directeventreg.com/registration/event/8646289. Live and archived audio webcasts of the conference call will be available on the company’s website at https://investors.power.com.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.
Joe Shiffler
(408) 414-8528
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "United States Floating Solar Panel Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering.
The country research report on the United States floating solar panel market is a customer intelligence and competitive study of the United States market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the United States market.
Also, factors that are driving and restraining the floating solar panel market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market.
Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of floating solar panel market in the United States.
Highlights of the Report
The report provides detailed insights into:
1) Demand and supply conditions of floating solar panel market
2) Factor affecting the floating solar panel market in the short run and the long run
3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors
4) Key trends and future prospects
5) Leading companies operating in floating solar panel market and their competitive position in the United States
6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (United States) floating solar panel market
7) Publisher Matrix: to position the product types
8) Market estimates up to 2026
The report answers questions such as:
1) What is the market size of floating solar panel market in the United States?
2) What are the factors that affect the growth in floating solar panel market over the forecast period?
3) What is the competitive position in the United States floating solar panel market?
4) What are the opportunities in the United States floating solar panel market?
5) What are the modes of entering the United States floating solar panel market
Segments Covered
Segmentation Based on Product
Segmentation Based on Deployment
For more information about this report visit https://www.researchandmarkets.com/r/vqclig
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
LOS ANGELES--(BUSINESS WIRE)--#FIAConnect--Universal Hydrogen, the company fueling carbon-free flight, today announced it has signed a letter of intent (LOI) with Air Nostrum, a leading regional airline based in Valencia, Spain. This LOI furthers Air Nostrum’s initiative to provide its customers with environmentally-friendly flight options and reduce aviation’s contribution to global carbon emissions.
Under the agreement, Air Nostrum would purchase eleven of Universal Hydrogen’s turboprop conversion kits for use across its existing and future fleet. These kits encompass a hydrogen fuel cell and electric motor that replaces the aircraft’s existing turboprop engine. They also provide for compatibility with Universal Hydrogen’s modular hydrogen capsule technology that allows for the delivery of hydrogen to any airport without any purpose-built infrastructure. Alongside the aircraft conversions, Universal Hydrogen would become Air Nostrum’s long-term green hydrogen service provider. The conversion of Air Nostrum’s turboprop fleet to a Universal Hydrogen-powered, zero-carbon configuration would be concluded after an operational evaluation of the design and performance. The aircraft are expected to have equivalent or better unit economics compared to the existing fleet.
“We are thrilled by this flagship partnership with Air Nostrum to help decarbonize their fleet,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “This bold step puts them in the vanguard of European regional airlines in taking meaningful action to reach true zero emissions.”
Over the past two decades, Air Nostrum has consistently prioritized environmental responsibility by reducing single-use plastics from in-flight services, separation of waste on its premises and on-board, and planting trees to offset their paper consumption. Universal Hydrogen’s carbon-free aviation solutions will significantly advance Air Nostrum’s sustainability goals while also providing operational efficiencies.
“Each day, our airline explores innovative solutions to provide a travel experience with minimal adverse impact on the environment,” says Carlos Bertomeu, President and CEO of Air Nostrum. “This partnership represents a unique opportunity to advance on the decarbonization of our flight operations with the practical and cost-effective application of green hydrogen fuel.”
About Air Nostrum
Air Nostrum is, with 75,000 flights and more than 5.2 annual passengers, Spain’s leading regional aviation company and one of the largest European airlines in its class. It operates for the Iberia Group under the Iberia Regional Air Nostrum brand, invoices 500 million euros and has more than 1,400 employees. Since 1994, Air Nostrum has transported more than 90 million passengers on two million flights.
Air Nostrum has, thanks to its first-rate management, high service quality and renowned prestige, been awarded a number of important sector awards. It is, for example, the only European regional aviation company to have ever won the ERA (European Regions Airline Association) Airline of the Year Award on eight different occasions, six gold and two bronze, the last of which was presented to the Company in October, 2019.
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.
Kate Gundry
This email address is being protected from spambots. You need JavaScript enabled to view it.
617-797-5174
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that its liquefied natural gas (LNG) terminal (the “Terminal”) in the port of Pichilingue, Baja California Sur, Mexico has begun commercial operations and will host an event featuring state and local officials at the Terminal on Friday, July 16th.
“The delivery of more affordable and cleaner-burning natural gas is a significant milestone for Baja California Sur,” said Wes Edens, Chairman and CEO of NFE. “Our facility will enable customers to significantly reduce emissions and costs by switching from oil-based fuels to natural gas.”
The introduction of natural gas into the Baja California Sur market will help enable more energy efficiency, cost savings and emissions reductions as it displaces fossil fuels. It also provides opportunities for job creation, training of a new, more specialized workforce, economic development and improved environmental management.
The Terminal features NFE’s proprietary ISOFlex system, which allows larger LNG carrier vessels to transload LNG into ISO storage containers on offshore support vessels (“OSVs”) with a specialized manifold. These ISO storage containers can be easily offloaded at container ports and onto trucks, which enables the reduction of time, permitting requirements and capital costs for the development of NFE’s terminals.
“We are proud to have deployed the first-of-a-kind ISOFlex system at our terminal in Baja California Sur,” said Sam Abdalla, Vice President of Project Development of NFE. “This is a big achievement for NFE and will enable us to deliver critical energy infrastructure and logistics solutions much more quickly and less expensively.”
Under the terms of an agreement signed in March, NFE will supply natural gas to the CTG La Paz and CTG Baja California Sur power plants in Baja California Sur through the Terminal.
Additionally, NFE has nearly completed construction of its own gas-fired power plant in Baja California Sur with a capacity of approximately 135 megawatts that is anticipated to begin operations and the supply of power to the local grid later this quarter.
The Terminal’s truck loading operations were designed for the supply of LNG to local hotels and industrial customers. The first industrial customers in Los Cabos are expected to begin operations with natural gas in the next two months.
About New Fortress Energy
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: the expectation that our facility will enable customers in the Baja California market to significantly reduce emissions and costs; the introduction of natural gas in the market will provide opportunities for job creation, the training of a new, more specialized workforce, economic development and improved environmental management; the estimated timing and costs associated with our delivery of critical energy infrastructure and logistics solutions; the supply of natural gas to the CTG La Paz and CTG Baja California Sur power plants through the terminal; the estimated time to complete, and begin operations of our power plant in Baja California Sur; the potential capacity of our power plant; the expectation that we will supply power to the local grid later this quarter, and supply natural gas to hotels and industrial customers in Los Cabos in the next two months; and other statements regarding NFE’s operations, goals and strategy.
These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the difficulty of predicting the timing or outcome of any project in development (including the development of infrastructure to supply CFE and to build NFE’s facility), difficulties or delays of any project in development, the availability and pricing of third party contractors, services and materials for use in the developments, the market price for natural gas and for alternative fuels, the dispatch rate of the CFE power plants, the heat rate efficiency of the CFE power plants, and the capacity of the CFE power plants (each on natural gas relative to alternative fuels). Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements even though the situation may change in the future.
IR:
Joshua Kane
(516) 268-7455
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Jake Suski
(516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN FRANCISCO--(BUSINESS WIRE)--#augmentedreality--SightCall, a global leader of augmented reality (AR)-powered visual assistance, today announced it has partnered with Peak Scientific, a leading innovator and global expert in high-performance nitrogen and hydrogen gas generator solutions for use in laboratories around the world. SightCall enables Peak Scientific to deliver its industry-leading Visual Support offering remote technical assistance to customers using their generators, as well as technicians servicing generators in the field.
“We’re excited to partner with Peak Scientific to support their digital transformation,” said Jason Chapman, Sales Director, UK at SightCall. “By helping their experts accurately diagnose and troubleshoot problems in real time, they can minimize service interruptions, resolve issues quickly and efficiently for their customers, and super-charge their already stellar service experience.”
Customers who contact the technical support desk for service questions can now be seamlessly routed to a SightCall video session that is integrated into Peak Scientific’s Zendesk customer service platform. Service agents leverage this remote support capability to triage, diagnose and troubleshoot issues with reliable HD video and a robust AR and AI feature set.
For Peak Scientific, remote diagnosis is a key element of introducing Visual Support using SightCall. If a service issue requires in-person service from a Field Service Engineer (FSE), the insights and documentation from the visual support session ensures correct diagnoses of the problem, as well as ensuring any specialized parts or tools needed to ensure a first-time fix can be ordered and shipped in advance. If the problem is unusual or highly technical, the FSE can use SightCall to connect with a technical specialist while onsite for better support and guidance.
By partnering with SightCall to deliver Visual Support, Peak Scientific has been able to maintain business continuity, improve customer service, and deliver the technology and resources their engineers need to complete their tasks effectively. Adoption and feedback from FSEs and customers have been incredibly positive, with more than 97% of customers that used SightCall saying it was helpful and easy to use, and they would use it again.
Led by these early successes, Peak Scientific is rolling out Visual Support to its global engineer network, working in over 25 countries to deliver direct service to customers all over the world.
“Service is a top priority for Peak Scientific,” said Mike Hughes, Global Service Delivery Manager at Peak Scientific. “Offering Visual Support via the SightCall application will close the distance between us and our global customer base, allowing us to accurately diagnose problems remotely and support on-site technicians. During the test period alone, we’ve achieved a 97% first-time fix rate.”
About Peak Scientific
Peak Scientific is a leading innovator and global expert in high-performance nitrogen and hydrogen gas generator systems for use in laboratories around the world. Rather than using gas cylinders, Peak Scientific customers use their gas generator solutions which are a more cost-effective alternative. While gas cylinders need ongoing delivery, admin and rental costs, gas generators are safer, more energy-efficient and economical. Additionally, service is delivered consistently with on-demand, on-site support. Peak Scientific sells into over 120 countries globally and has offices in the U.S., India, China, Mexico, Brazil, South Africa, France, UAE, Australia and Japan. For more information, visit peakscientific.com.
About SightCall
SightCall is the world’s leading augmented-reality powered video cloud platform, delivering live, remote interactions between business and customers on every continent around the globe. In a connected, mobile-first world, businesses leveraging SightCall have the ability to see what their customers see and guide them remotely. With nearly 15 years of experience in remote video assistance, SightCall helps businesses transform their customer service and field service with the power of augmented reality and live video. The company has offices in San Francisco (HQ), Austin, Boston, Frankfurt, London, Melbourne, Paris and Singapore. Visit sightcall.com to learn more.
Katie Smart
This email address is being protected from spambots. You need JavaScript enabled to view it.
Expected to produce the lowest cost clean hydrogen through electrolysis
Utilizes solid oxide technology and delivers superior efficiency advantage operating at high temperatures
Unlocks a net-zero emissions future for hard-to-decarbonize heavy industries
Accepting orders with commercial shipment expected fall 2022
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) today unveiled the Bloom Electrolyzer; the most energy-efficient electrolyzer to produce clean hydrogen to date and 15 to 45 percent more efficient than any other product on the market today.
The Bloom Electrolyzer relies on the same, commercially proven and proprietary solid oxide technology platform used by Bloom Energy Servers to provide on-site electricity at high fuel efficiency. Highly flexible, it offers unique advantages for deployment across a broad variety of hydrogen applications, using multiple energy sources including intermittent renewable energy and excess heat.
Superior Value at High Temperatures
Low-cost electrolysis has been difficult to achieve due to electricity costs, which can account for nearly 80 percent of the cost of hydrogen production through electrolysis. An opportunity has emerged, as renewable energy costs have declined precipitously over the last decade. Any reduction in electricity requirements makes hydrogen production more economical and scalable.
Because it operates at high temperatures, the Bloom Electrolyzer requires less energy to break up water molecules and produce hydrogen. As a result, Bloom Energy’s electrolyzer consumes 15 percent less electricity than other electrolyzer technologies to make hydrogen when electricity is the sole input source.
Unlike low-temperature PEM and alkaline electrolyzers that predominantly require electricity to make hydrogen, the Bloom Electrolyzer can leverage both electricity and heat to produce hydrogen. Bloom Energy’s high-temperature electrolyzer technology has the potential to use up to 45 percent less electricity when integrated with external heat sources than low-temperature PEM and alkaline electrolyzers.
“The launch of the Bloom Electrolyzer is a big leap forward in our mission to enable and empower the global hydrogen economy and a decarbonized society,” said KR Sridhar, founder, chairman, and CEO, Bloom Energy. “Hydrogen enables us to leverage abundant and inexpensive renewable energy to provide zero-carbon power, reliably—instead of intermittently. Given its efficiency and input options to make hydrogen, Bloom Energy’s electrolyzer is expected to produce hydrogen at a lower price than any alternative on the market today.”
Decarbonizing Heavy Industries
High-temperature electrolysis unlocks substantial value with heat-intensive processing applications in hard-to-decarbonize heavy industries, like steel, chemical, cement, and glass manufacturing. By utilizing excess heat from these processes, hydrogen can be produced at a higher electrical efficiency. Further, the hydrogen required to power high-temperature furnaces at these factories can be produced on-site using Bloom Energy electrolyzers, eliminating transportation and distribution costs.
Optimizing Intermittent Renewables
When the Bloom Electrolyzer is paired with intermittent renewable resources, such as wind and solar, the resulting green hydrogen provides an important storage mechanism. Hydrogen can be stored for long periods of time and transported over long distances. Alternatively, Bloom Energy’s fuel cells can convert this hydrogen to electricity, thereby providing continuous, reliable power.
Gigawatt Production and Scale
Bloom Energy began manufacturing in the U.S. in 2001 and now supports more than 1,500 American clean energy jobs. Bloom Energy’s Sunnyvale, California and Newark, Delaware manufacturing facilities are capable of producing 500 megawatts of electrolyzers today and a gigawatt within a year.
Since the Bloom Electrolyzer utilizes the same solid oxide platform as the company’s core fuel cell product, utilizing many of the same components, Bloom Energy can scale and leverage supply chain synergies.
Enabling and Empowering the Global Hydrogen Economy
Bloom Energy’s technology dates to the 1980s, when the co-founders first developed electrolyzers to support the military and later NASA’s Mars exploration programs. In the early 2000s, 19 patents were awarded to Bloom Energy for its electrolyzer technology. With reduced renewable energy costs and the global movement to decarbonize, Bloom Energy believes this is the right moment to commercialize its hydrogen technology. Collaborating with industry-leading organizations, Bloom Energy celebrated several milestones over the past year:
First announced electrolyzer pilot: In November 2020, Bloom Energy announced it will supply its electrolyzers to an industrial complex in Changwon, Korea in collaboration with its Korean partner, SK EcoPlant. Supporting the Changwon RE100 initiative to create renewable ecosystems, the new project paves the way for South Korea to reach carbon neutrality by 2050. The units will ship to Changwon in mid-2022.
Harnessing excess nuclear energy: In May 2021, Bloom Energy announced its collaboration with the U.S. Department of Energy’s Idaho National Laboratory (INL) to test the use of nuclear energy to create clean hydrogen through the Bloom Electrolyzer. Rather than ramping down power generation when an electric grid has surplus energy, the Bloom Electrolyzer can use the excess electricity and steam generated by nuclear plants to produce low-cost, zero-carbon hydrogen, providing clean energy for use when it’s needed while simultaneously offering nuclear power plants a source of revenue for their excess power. The units are undergoing testing in Bloom Energy’s laboratories and are expected to ship to INL in Q3.
Integrating hydrogen solutions: In May 2021, Bloom Energy announced a collaboration with energy technology company Baker Hughes to explore commercialization and deployment collaborations in many areas, including integrated hydrogen solutions, to advance the energy transition. The companies will look to pair the Bloom Electrolyzer with Baker Hughes’ compression technology for efficient production, compression, transport, and storage of hydrogen. They will also assess excess heat utilization for steam generation to further increase efficiency and cost effectiveness of hydrogen production and target applications like blending hydrogen into natural gas networks alongside on-site hydrogen production for industrial use.
Orders are being accepted for the Bloom Electrolyzer, with commercial shipments expected to begin in fall 2022. For more information about the Bloom Electrolyzer and the company’s commitment to a zero-carbon future, visit: www.bloomenergy.com/bloomelectrolyzer.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom Energy’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, expectations regarding the energy efficiency of the Bloom Electrolyzer and the cost at which it will produce hydrogen; expectations related to potential applications of the Bloom Electrolyzer, integrated hydrogen solutions and other technical solutions; expectations regarding the timing of commercial shipments of the Bloom Electrolyzer; and Bloom’s ability to successfully commercialize and scale any potential applications. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section of Bloom Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Media Contact:
Erica Osian
T: (401) 714-6883
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN DIEGO--(BUSINESS WIRE)--UCAP Power Inc., a leading developer of ultracapacitor-based power solutions, today announced the close of a special purpose venture round of funding led by Grantchester C Change.
“I am extremely pleased to have Grantchester invest in UCAP’s strategy and vision for clean and reliable power,” said Gordon Schenk, CEO of UCAP Power. “Grantchester C Change is the perfect partner for UCAP Power given their broad global reach in the Energy sector and their talented base of operating partners.”
“The UCAP Power team have the global network, relationships and industry experience to make our strategic investments a success,” commented Liz Griggs, Managing Partner & CEO of Grantchester C Change. “We believe that UCAP Power is ideally positioned for significant and rapid growth in support of the global transition to electrified vehicles for both commercial and consumer use. By making this investment in UCAP Power, we are underscoring our support for UCAP Power and their outstanding team as they further build the global leadership of UCAP Power in the energy storage industry around the world.”
With the global vehicle electrification and renewable energy expansions, ultracapacitors are ideally suited to support very high bursts of power over extended cycle periods in scenarios that expose typical battery technologies to failure or safety issues. As a leader in this market, UCAP Power is using the proceeds of the funding round to expand production and engineering capabilities, invest in core technologies, and grow the team.
About UCAP Power
San Diego-based UCAP Power provides ultracapacitor-based power solutions across a wide range of renewable markets. Established in 2019, the company was founded by proven leaders in the ultracapacitor market, who had previously held positions in Maxwell Technologies’ leadership and product teams prior to Maxwell’s acquisition in 2019. UCAP Power’s ultracapacitor systems use sustainable based products offering a long-lasting source of reliable high-power energy storage that can help eliminate lead-acid and other hazardous materials in batteries. UCAP Power is a proud portfolio company of EvoNexus, California’s leading nonprofit technology incubator and a member of Southern California Energy Innovation Network (SCEIN). Further information can be found at www.ucappower.com
About Grantchester C Change
Grantchester C Change is an investment management company that is actively involved in the development and execution of industry transformational strategies with world class seasoned industry platform company partners. It strives to create value for investors by harnessing the massive growth potential of industries that are in the midst of major technological change and re-tooling. Grantchester specializes in creating and fostering long term large customer and strategic partner relationships in transformational industries as a way to reduce investor risk and insure significant sales growth for platform companies. Some of the transformational areas Grantchester C Change is investing in include electrification, transportation, and related clean energy infrastructure. Further information can be found at www.grantchestergroup.com
Company: Troy Brandon
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +1 833 UPOWER 1
Media: Mark Button
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +1 408 310 2168
Operations expand in Ontario to satisfy growing demand for sustainable food waste recycling solutions
DRUMBO, Ontario--(BUSINESS WIRE)--#anaerobicdigestion--StormFisher, a leader in the circular economy and decarbonization solutions, announces the expansion of its operations with the addition of a $20 million resource recovery facility in Drumbo, Ontario. This project was built in partnership with Generate, a leading North American sustainable infrastructure company. Located west of Kitchener along highway 401, this facility provides food waste recycling services to handle packaged organics to divert waste from landfills.
StormFisher’s Drumbo facility will enable more municipalities, restaurants, grocery stores, and food manufacturers to achieve their environmental goals by reducing food waste while simultaneously producing renewable energy and organic fertilizer. The facility will have the capacity to process over 100,000 tonnes of food waste per year.
“We are thrilled to expand operations so that our customers can broaden their environmental practices by diverting packaged food and green-bin materials sustainably. At the new, purpose-built facility, we separate food waste from non-organic material using best in class technologies,” said Brandon Moffatt, Vice President Development at StormFisher. “This facility initiates an important first step in organics processing by transforming residential and commercial organic waste into renewable energy and fertilizer.”
Municipalities especially can benefit from StormFisher’s capabilities. Recently, the City of Stratford partnered with StormFisher as part of their green bin program launch. “Working with StormFisher has allowed Stratford to ensure we achieve our environmental targets and to provide our residents with reliable recycling and waste disposal options,” said Taylor Crinklaw, Director of Infrastructure and Development Services for the City of Stratford.
StormFisher also supports food processors like Maple Leaf Foods. “The food industry is often faced with the challenge of disposing packaged foods in a sustainable manner, and StormFisher’s resource recovery facility in Drumbo addresses this issue head on,” said Tim Faveri, Vice President, Sustainability and Shared Value, Maple Leaf Foods. “Working with StormFisher over the years has directly supported Maple Leaf Foods’ journey to become the most sustainable protein company on earth.”
As the developer and operator responsible for the entire lifecycle of their facilities, StormFisher is committed to building with proven technologies for optimal operations compliant with all regulatory obligations. StormFisher prides itself on being accessible and transparent to the customers they serve and the communities they operate in. Just recently, the Canadian Biogas Association awarded StormFisher the Project of the Year Award for their decarbonization strategies and solutions to create a sustainably powered planet.
The economic and environmental benefits of food waste recycling have also been recognized by the Ontario Government. Recent regulatory changes help support the growth of food waste recycling by easing the process of developing on-farm biogas systems. “By reducing regulatory burden for on-farm anaerobic digesters, we can provide economic solutions to divert more valuable food and organic waste from landfills, while maintaining environmental protections by encouraging the recycling of nutrients and reducing greenhouse gas emissions,” said Lisa Thompson, Minister of Agriculture, Food and Rural Affairs. These farms can benefit from taking processed materials, like those at the new Drumbo facility, which is ready for digesters, potentially increasing farms’ renewable natural gas outputs.
Constructing the new facility was made possible by StormFisher’s partnership with Generate. “Generate and StormFisher are focused on bringing innovative solutions for food waste to the North American Market,” said John Dannan, Principal at Generate. “We’re proud to partner with StormFisher to open this critical and innovative facility in Drumbo, Ontario that will serve the community with new solutions for organic waste, while also creating clean energy and diverting waste from landfills.”
Rural Oxford Economic Development Corporation recognizes the significant impact this facility will have on the local economy. "The StormFisher expansion is a great addition to Rural Oxford, bringing in numerous new full-time positions as well as offering construction and maintenance contracts to dozens of local contractors,” said Ronda Stewart, Economic Development Director. “They’ve only just begun operations in Blandford-Blenheim township and already we can see the economic impact StormFisher can have on its communities. We look forward to celebrating the continued success of this forward-thinking company.”
About StormFisher
At StormFisher, our mission is to help mitigate climate change and create a safe and clean planet for people around the world through decarbonization strategies and solutions. We do this by converting food waste, water, and energy into renewable natural gas that can be used to power businesses, manufacturing plants, schools and other organizations. Visit stormfisher.com for more information or follow up on social media:
TW: @StormFisher05
Insta: @StormFisher8
FB: @StormFisher
Linked In: @stormfisher-environmental-ltd
About Generate
Generate Capital, Inc. is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 35 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution tailored funding and support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 2,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.
Chris Guillon
This email address is being protected from spambots. You need JavaScript enabled to view it.
647-295-8440
Emily Chasan
This email address is being protected from spambots. You need JavaScript enabled to view it.
415-480-2914
Li-Cycle and Helbiz to create a sustainable and circular battery supply chain for scooters and e-bikes
TORONTO & NEW YORK--(BUSINESS WIRE)--Li-Cycle Corp. (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, and Helbiz, a global leader in micro-mobility, today announced a partnership to create a safe and sustainable recycling solution for end-of-life lithium-ion batteries used in e-scooters and e-bikes.
As the global shift toward electrification continues to accelerate, the popularity of micro-mobility is following suit, with the global market expected to grow to $150 billion by 2025, according to Market Research Future. Helbiz, a prominent player in the micro-mobility industry, has set out to develop the infrastructure to create greener cities with less congestion, noise, and pollution while presenting riders with a faster and more affordable way to reach their destinations via its fleets of e-scooters and e-bikes. Li-Cycle intends to utilize its Spoke & Hub Technologies™ to efficiently, safely, and sustainably recover the end-of-life batteries from Helbiz’s fleets and return the valuable materials contained within back into the supply chain.
“We believe Li-Cycle and Helbiz are ideal partners as we are two innovative companies working toward the same vision for a sustainable electric mobility sector,” said Kunal Phalpher, Chief Commercial Officer of Li-Cycle. “This partnership represents a critical first step for our collaboration as we seek to create a closed lithium-ion battery recycling loop on a global scale. Together, we intend to recover valuable materials from old scooters and e-bikes to be reused in new ones in cities around the world via a truly sustainable, fit-for-purpose pathway.”
Both Li-Cycle and Helbiz have previously announced plans to become publicly traded companies in the United States via business combinations with special purpose acquisition companies (SPACs) and have plans to expand operations in Europe. In the coming months, Li-Cycle expects to recycle 500 lithium-ion batteries from Helbiz e-bikes and e-scooters, with volume set to increase heading into 2022 as Li-Cycle supports Helbiz’s operations in the United States and abroad.
“We are proud to partner with Li-Cycle and look forward to working closely with their team to develop and implement a safe and sustainable recycling solution for the batteries used in our e-scooters and e-bikes,” said Ruggero Cipriani Foresio, Chief Marketing Officer of Helbiz. “This collaboration further supports our commitment to worldwide sustainability and our dedication to lead each city we operate in towards a greener future.”
Li-Cycle is aiming to support Helbiz’s net zero emission target by 2022 while simultaneously facilitating Helbiz’s ability to achieve a 100% recycling target, with a view to advancing sustainability efforts in the micro-mobility sector and further minimizing the environmental footprint of shared scooters and e-bikes.
On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC) (“Peridot”). Upon the closing of the business combination (the “Business Combination”), which is expected in the third quarter of 2021, the combined company will be named Li-Cycle Holdings Corp. (“Newco”).
About Li-Cycle
Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed Business Combination involving Li-Cycle and Peridot, Newco has prepared and filed with the SEC a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the “Proxy Statement/Prospectus”). Once effective, Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.
Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot’s website at www.peridotspac.com or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
PARTICIPANTS IN THE SOLICITATION
Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.
NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained in this communication may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed collaboration between Li-Cycle and Helbiz and the proposed transaction involving Li-Cycle and Peridot and the anticipated benefits of such collaboration to Li-Cycle and Helbiz and the ability to consummate the proposed Business Combination, respectively. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed Business Combination are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed Business Combination or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed Business Combination and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that anticipated benefits of the proposed collaboration between Li-Cycle and Helbiz will not be realized; (iv) the possibility that anticipated benefits of the proposed Business Combination will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed Business Combination; (v) the risk that stockholder litigation in connection with the proposed Business Combination or other settlements or investigations may affect the timing or occurrence of the proposed Business Combination or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed Business Combination that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed Business Combination; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports or Newco’s reports filed with the SEC, including the Proxy Statement/Prospectus and Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
ABOUT HELBIZ
Helbiz is a global leader in micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in nearly 30 cities around the world including Washington, D.C., Alexandria, Arlington, Miami, Milan and Rome. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. In Q1 2021, Helbiz Inc announced a merger with SPAC GreenVision Acquisition Corp. (Nasdaq: GRNV), resulting in it becoming the first micro-mobility company listed on Nasdaq upon completion.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s or GreenVision’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (ii) the ability of the Company to meet Nasdaq listing standards following the transaction and in connection with the consummation thereof; (iii) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of the stockholders of the Company or the stockholders of GreenVision or other reasons; (iv) the failure to meet the minimum cash requirements of the Merger Agreement due to GreenVision stockholder redemptions and the failure to obtain replacement financing; (v) the failure to meet projected development and production targets; (vi) costs related to the proposed transaction; (vii) changes in applicable laws or regulations; (viii) the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; (ix) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (x) the effect of the COVID-19 pandemic on the Company and GreenVision and their ability to consummate the transaction; and (xi) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. GreenVision's SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to GreenVision and Helbiz and speaks only as of the date on which it is made. GreenVision and Helbiz undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Additional Information about the Transaction with GreenVision and Where to Find It
In connection with the proposed business combination, GreenVision filed a preliminary proxy statement with the SEC. Additionally, GreenVision will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of GreenVision are urged to read the preliminary proxy statement, the definitive proxy statement and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. GreenVision’s stockholders may also obtain a copy of the preliminary or definitive proxy statement, once available as well as other documents filed with the SEC by GreenVision, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: GreenVision Acquisition Corp., 8 The Green, Suite #4966, Dover, DE 19901, Attention: Chief Financial Officer, Tel. (302 289-8280).
Participants in Solicitation of GreenVision shareholders
GreenVision and its directors and officers may be deemed participants in the solicitation of proxies of GreenVision’s shareholders in connection with the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in GreenVision is contained in the preliminary proxy statement with respect to the proposed business combination filed on April 8, 2021 with the SEC, and in GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and subsequently amended, which was filed with the SEC Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of GreenVision’s executive officers and directors in the solicitation by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and the definitive proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of GreenVision’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the definitive proxy statement relating to the business combination when it becomes available.
Helbiz and its officers and directors may also be deemed participants in such solicitation. A list of the names of such directors and executive officers and information regarding their interests in the business combination are set forth in the preliminary proxy statement, which was filed on April 8, 2021 with the SEC and the definitive proxy statement for the business combination when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Non-Solicitation in respect of GreenVision Transaction
This press release does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
LI-CYCLE CONTACTS
Investor Relations: This email address is being protected from spambots. You need JavaScript enabled to view it.
Press: This email address is being protected from spambots. You need JavaScript enabled to view it.
Helbiz Contacts
For investor and media inquiries, contact:
Global Head of Communications:
Davide D’Amico - tel. +39 335 7715011 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
PR and Communication Manager:
Chiara Garbuglia - +39 335 7388163 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Regions
USA
The Blueshirt Group
Gary Dvorchak, CFA - Phone: +1 (323) 240-5796 - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Agent of Change
Marcy Simon - Phone: +1 (917) 833-3392 - Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
EUROPE
Helbiz Investor Relations: This email address is being protected from spambots. You need JavaScript enabled to view it.
Talkdesk to support solar experts of Zolar as more homeowners turn to green energy
SAN FRANCISCO & BERLIN--(BUSINESS WIRE)--Talkdesk®, Inc., the global customer experience leader for customer-obsessed companies, has been selected by Zolar, a Berlin-based green tech company, as its contact center provider. Talkdesk will supply voice services and Talkdesk for Salesforce™ to the Zolar team of solar energy advisers, enabling them to provide more streamlined interactions with customers while leveraging and maintaining a comprehensive view of the customer journey.
Zolar is the brainchild of founder Alex Melzer, who gained inspiration for starting the company after embarking on a 2,600km bicycle ride across South America in 2015. Moved by the scenes of man-made climate change, which he observed along the way, Melzer became determined to make a difference. He set up Zolar the following year with a mission to create a future powered by clean energy. The company now offers a range of products for customers to generate affordable and environmentally friendly electricity.
Zolar employs a team of solar experts who advise customers throughout all phases of the purchasing process, from initial inquiry to the creation of a rooftop solar energy solution tailored to the unique needs of each customer. With Talkdesk CX Cloud™, an end-to-end customer experience solution, Zolar can quickly and easily field their typical daily volume of more than 1,000 customer calls, even when staff work from home. Through the solution’s deep integration with Salesforce, they can also access and maintain a complete view of each customer engagement to further personalize the experiences.
“We needed a solution with advanced routing capabilities and a view into call behaviour,” said Markus Schaffrinski, Chief Technology Officer, Zolar. “Talkdesk CX Cloud gives us a sophisticated, yet simple-to-use tool with smart routing right out of the box. By allowing us to respond more efficiently, from anywhere, and provide a better overall experience, our customers can come away not only feeling good about choosing a clean energy solution, they also feel added confidence in having entrusted Zolar to power it.”
“The fast growth of Zolar is rooted in its passion for the environment and focus on delivering the highest quality product and service. They exemplify the magic that happens when purpose truly drives execution,” said Tiago Paiva, chief executive officer and founder, Talkdesk. “As more households throughout Europe turn to green energy, Talkdesk looks forward to supporting their mission with advanced contact center tools for helping Zolar deliver more great customer experiences.”
Additional Resources
Social Networks
About Talkdesk
Talkdesk® is a global customer experience leader for customer-obsessed companies. Our contact center solution provides a better way for businesses and customers to engage with one another. Our speed of innovation and global footprint reflect our commitment to ensure businesses everywhere can deliver better customer experiences through any channel, resulting in higher customer satisfaction, cost savings and profitability. Talkdesk CX CloudTM is an end-to-end customer experience solution that combines enterprise scale with consumer simplicity. Over 1,800 innovative companies around the world, including IBM, Acxiom, Trivago, and Fujitsu partner with Talkdesk to deliver a better way to great customer experience. Learn more and request a demo at www.talkdesk.com.
About Zolar
The greentech company Zolar offers photovoltaic systems, which homeowners are able to custom plan, compare and order online, at a fixed price. By means of the Zolar online configurator, homeowners are able to customize the components of their solar energy system according to their needs and will receive a personal consultation at the same time from one of our solar energy experts. Zolar has a broad network of local partner companies that install the systems on-site. The Berlin-based start-up employs 190 people and pursues the vision of installing a solar system on every roof worldwide to enable the independence of private households from the public power grid. Zolar empowers its customers to promote the energy turnaround, to reduce the CO2 footprint and thus make an effective contribution to climate protection. www.zolar.de
Talkdesk is a registered trademark of Talkdesk, Inc. All product and company names are trademarks ™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation or endorsement by them.
Americas
Camille Beasley
This email address is being protected from spambots. You need JavaScript enabled to view it.
(972) 896-1936
EMEA
Douglas Keighley
This email address is being protected from spambots. You need JavaScript enabled to view it.
+44 7830144613
XL Hybrid System is Now Available on Isuzu NPR-HD Low Cab Forward Vehicles Serving
Demanding Applications Including Last Mile Delivery, Beverage Distribution, Utility Work and Food Service
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that its XL Hybrid electric drive system is now available as an upfit solution for the new Isuzu NPR-HD. The electrification system is XL Fleet’s newest product release and enables Isuzu customers to electrify one of its newest and most popular medium duty low cab forward vehicles, which is ideally suited for demanding applications including last mile delivery, beverage distribution, utility work and food service.
Featuring a high efficiency lithium-ion battery, electric motor, inverter and control software, the XL Hybrid system transforms traditional gas-powered fleet vehicles into hybrid electric units with no operational disruption to the fleet. The NPR-HD is the second Isuzu vehicle XL Fleet has electrified, after originally launching its hybrid system on the Isuzu Reach™ diesel walk-through van for a global package delivery customer in 2015.
“XL Fleet is thrilled to be launching our hybrid platform on the NPR-HD and expanding our electrification portfolio with the latest high-performance fleet truck from Isuzu,” said Dimitri Kazarinoff, Chief Executive Officer at XL Fleet. “We continue to expand our industry leading breadth of electrification offerings enabling our customers to address sustainability objectives today, not just someday in the future.”
“We are excited that XL Fleet has chosen our world-class NPR-HD to deploy their hybrid electric drive system on,” said Shaun Skinner, President of Isuzu Commercial Truck of America. “The superior maneuverability and all the other advantages of the NPR-HD will bring many benefits to our fleet customers in the years to come.”
On June 9, 2021, XL Fleet displayed its hybrid electric drive system on the Isuzu NPR-HD at its Michigan Fleet Electrification Technology Center ribbon cutting ceremony with Governor Gretchen Whitmer.
XL Fleet’s hybrid system on the Isuzu NPR-HD is now available for purchase throughout North America. It is currently available on NPR-HD models with a 6.6L gas powered engine, on 150” and 176” wheelbases, and with both standard and crew cab configurations. To learn more or receive a quote, email This email address is being protected from spambots. You need JavaScript enabled to view it..
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.
About Isuzu
Isuzu commercial trucks have been the best-selling low cab forward trucks in the combined U.S.-Canadian market for 35 consecutive years. Headquartered in Anaheim, California, Isuzu Commercial Truck of America, Inc. is the distributor of Isuzu commercial vehicles in the United States. Isuzu Commercial Truck of America is a subsidiary of Isuzu Motors Limited, one of the world’s largest manufacturers of medium- and heavy-duty trucks. For more information, call (866) 441-9638 or visit www.isuzucv.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to failure to realize the anticipated benefits from the business combination; the effects of pending and future legislation; the highly competitive nature of the Company’s business and the commercial vehicle electrification market; litigation, complaints, product liability claims and/or adverse publicity; cost increases or shortages in the components or chassis necessary to support the Company’s products and services; the introduction of new technologies; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, regulatory compliance and customer experience; the potential loss of certain significant customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability to convert its sales opportunity pipeline into binding orders; risks related to the rollout of the Company’s business and the timing of expected business milestones; the effects of competition on the Company’s future business; the availability of capital; and the other risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed on March 31, 2021, as amended and supplemented by the 10-K/A filed May 17, 2021, and other documents that the Company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.
XL Fleet Media Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.
XL Fleet Investor Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.
The company continues to unlock the $100 billion commercial drone market with its expansion to key industrial sectors
MARLBOROUGH, Mass.--(BUSINESS WIRE)--#BVLOS--American Robotics, a leading commercial developer of fully-automated drone systems, today announced that it has received a purchase order from a Fortune 100 oil and gas company for its autonomous Scout System. With this purchase, American Robotics will continue its expansion into key industrial markets.
“The oil and gas industry is in a strong position to leverage new methods of better data collection and the digitization of its physical assets. American Robotics’ autonomous drone system is an ideal solution that can fulfill this demand,” said Reese Mozer, CEO and co-founder of American Robotics. “At the end of the day, our industry’s product is data, not aircraft. With true automation comes the ability to collect a new category of data not previously possible, and as a result, a new category of valuable analytics and insights. Autonomous drones are the key to bringing increased efficiencies to oil and gas markets.”
There are over 90,000 oil and gas wells currently in the U.S. and over 835,000 km of pipeline that require constant monitoring and inspection. American Robotics’ fully-automated drones conduct up to 20 autonomous flights per day without having a single pilot or visual observer on the ground. The frequency of these flights enables the Scout System to consistently transmit valuable data for decision makers to review and act upon instantly. It also enables the creation of “digital twins,” or virtual representations that serve as real-time digital counterparts of a physical object - like an oil and gas well or pipeline. American Robotics technology takes care of the mission planning, flight, charging, data processing, and data analysis, so customers only need to focus on what to do with the information Scout System collects.
American Robotics has seen tremendous growth in 2021 alone. Since receiving groundbreaking approvals from the FAA to operate without any humans on the ground, the company has increased business development activity in key industrial sectors, including oil and gas, by 80 percent. In addition to its expanding customer base, American Robotics recently announced it has entered into a definitive agreement to merge with Ondas Holdings Inc. (NASDAQ:ONDS) that will further support this growing field. We believe combining Ondas’ wireless technology and American Robotics’ autonomous drones will increase the market opportunities to deploy drones at oil and gas sites.
To learn more about American Robotics and its Scout System drone, click here. For media assets, click here.
About American Robotics, Inc.
American Robotics (“AR”) is a privately-owned company focused on designing, developing, and marketing industrial drone solutions for rugged, real-world environments. AR’s Scout System™ is a fully-automated, AI-powered drone system capable of continuous, unattended operation and is marketed as a “drone-in-a-box” turnkey data solution service under a Robot-as-a-Service (RAAS) business model. The Scout System™ is the first and only drone system approved by the FAA for automated operation beyond-visual-line-of-sight (BVLOS) with no humans on-site. AR was founded by leading roboticists from Carnegie Mellon and Stanford with a shared vision for bringing robotic technology out of the lab and into the real-world to solve global challenges.
Media Contact
Chelsea Higgins
BIGfish Communications for American Robotics
This email address is being protected from spambots. You need JavaScript enabled to view it.
617.713.3800
Having recently received its first Dash 8-300, Ravn Alaska is extending its pursuit of new, sustainable propulsion solutions across its fleet
LOS ANGELES--(BUSINESS WIRE)--#FIAConnect--Universal Hydrogen, the company fueling carbon-free flight, today announced it has signed a letter of intent (LOI) with Ravn Alaska, an Anchorage-based regional airline. Under this LOI, Ravn is committed to purchasing five of Universal Hydrogen’s conversion kits that will integrate the company’s modular hydrogen capsule technology and hydrogen powertrain into Ravn’s growing regional turboprop fleet. In a transportation segment that is critical to the way of life in Alaska, the conversions will provide a zero-carbon solution for both passenger and cargo services. Universal Hydrogen fits perfectly into Ravn’s global initiative to drastically reduce its carbon footprint in the coming years.
“At Ravn, we love the Dash 8 family of aircraft for their durability and suitability to our rugged region. These aircraft enable us to provide exceptional service to the many far-flung communities across Alaska,” said Rob McKinney, CEO of Ravn Alaska. “It’s essential that as Ravn grows and air travel returns, our business decisions are made with sustainability top of mind. With this partnership, we are able both to reduce the carbon impact of our aircraft and improve their operational efficiency, which is a win for our customers, our business, and the environment.”
In addition to the five aircraft conversions, the LOI establishes Universal Hydrogen as Ravn’s long-term supplier of green hydrogen fuel services for its regional fleet.
“We are thrilled to have Ravn Alaska as our first U.S. domestic airline partner looking to decarbonize their aircraft operations in the near term,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “Ravn is thriving under its new leadership and it’s impressive to work with a team that’s committed to making forward-looking choices that ensure their growth is sustainable.”
About Ravn Alaska
Ravn Alaska is a regional airline headquartered in Anchorage that services communities across Alaska including Aniak, Cold Bay, Dillingham, Dutch Harbor, Homer, Kenai, King Salmon, Sand Point, St. Mary’s, St. Paul Island, Unalakleet and Valdez. The airline provides daily flights aboard its safety-rated de Havilland Dash-8 fleet, charter flights and cargo shipments. Visit https://ravnalaska.com/ to book a flight and learn more about Ravn.
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.
Kate Gundry
This email address is being protected from spambots. You need JavaScript enabled to view it.
617-797-5174
EZ Flow™ cost-effectively reduces viscosity in heavy crudes by more than 60%
SAN ANTONIO--(BUSINESS WIRE)--Southwest Research Institute (SwRI) scientists and engineers used internal research funding to develop “EZ Flow,” an innovative process for treating heavy crude oils, making pipeline transportation more cost-effective and less energy intensive than current techniques.
“Our team developed the new method for processing heavy crude oil using a proprietary chemical treatment and mechanical technique,” said James Wood, a principal scientist in SwRI’s Chemistry and Chemical Engineering Division. “The new process reduces the viscosity of heavy crude oil by more than 60%, allowing it to flow more easily through existing pipeline networks.”
The new process allows for transport of the treated heavy crude oil over great distances without heating the pipeline and without adding large amounts of chemical or diluent. Conventional techniques to transport heavy crude oil are costly because they often use large volumes of chemicals or diluents and frequently require multiple treatment techniques to be applied simultaneously.
Pipeline transportation is an environmentally friendly, economic way to move crude oils. Of the more than 80 million barrels per day of crude oil produced globally, about 11 million barrels are classified as heavy crude oils.
“According to industry experts, over the next 80 years, heavy crude oil production will increase exponentially as lighter crude oil reserves dwindle and those available become more expensive and difficult to recover,” Wood said.
The low concentrations of proprietary additives needed for EZ Flow make it environmentally friendlier and less expensive than other currently available commercial technologies. SwRI is also investigating whether, with further research and optimization, EZ Flow could be used to upgrade, or chemically treat, heavy crude oil. “The next step is to scale-up the EZ Flow technology to start the commercialization process,” Wood said.
SwRI’s patent-pending EZ Flow proof-of-concept technology is available for commercial development.
For more information, visit Gas and Oil Support Services.
About SwRI:
SwRI is an independent, nonprofit, applied research and development organization based in San Antonio, Texas, with approximately 3,000 employees and an annual research volume of nearly $696 million. Southwest Research Institute and SwRI are registered marks in the U.S. Patent and Trademark Office. For more information, please visit newsroom.swri.org or https://www.swri.org.
Tracey M.S. Whelan • (210) 522-2256 or This email address is being protected from spambots. You need JavaScript enabled to view it.
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard en bloc for $260 million (the “Acquisition”). The vessels, which have an average age of 6.8 years, are on time charter contracts to leading liner companies with a weighted average charter duration of approximately 2 years.
The Acquisition will increase the Company's contracted revenue by approximately $71 million and the Company's contracted EBITDA by approximately $39 million in total and will be funded by cash at hand, although the Company is evaluating debt financing alternatives to finance part of the purchase price.
The Company’s CEO, Dr. John Coustas commented:
“We are very pleased to announce an immediately accretive acquisition of a modern fleet at a fraction of the newbuilding cost and considerably lower than its charter free market value. The purchase price and contracted revenue associated with the vessels significantly reduce the residual risk of this transaction. Also, the targeted vessel segment has very favorable supply dynamics, and the vessels’ staggered charters with durations between one and three years provide re-chartering upside. Danaos is uniquely positioned to capitalize on the strength of our balance sheet to pursue this type of growth opportunity, and we are firmly committed to continuing to take actions to create value for our shareholders.”
The acquired vessels, which are expected to be gradually delivered to the Company by the end of the third quarter of 2021, are eco-design wide beam vessels with improved fuel consumption and load efficiency characteristics when compared to conventional designs.
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our fleet of 65 containerships aggregating 403,793 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world’s largest liner companies on fixed-rate charters. Danaos Corporation’s shares trade on the New York Stock Exchange under the symbol “DAC”.
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements reflect the current views of Danaos Corporation (including subsidiaries unless indicated or the context requires otherwise, the “Company,” “we,” “us,” and “our”) with respect to future events and financial performance and may include statements concerning our operations, cash flows, financial position, including with respect to vessel and other asset values, plans, objectives, goals, strategies, future events, performance or business prospects, changes and trends in our business and the markets in which we operate, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the impact of the novel coronavirus 2019 (“COVID-19”) pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of containerized cargo, the ability and willingness of charterers to fulfill their obligations to us, charter rates for containerships, shipyards performing scrubber installations, drydocking and repairs, changing vessel crews and availability of financing, the effects of its debt refinancing transactions, the Company’s ability to achieve the expected benefits of its refinancing transactions and comply with the terms of its credit facilities and other agreements entered into in connection with the such refinancing, the strength of world economies and currencies, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by Danaos Corporation with the U.S. Securities and Exchange Commission.
The forward-looking statements and information contained in this announcement are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel.: +30 210 419 6480
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Iraklis Prokopakis
Senior Vice President and Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel.: +30 210 419 6400
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations and Financial Media
Rose & Company
New York
Tel. 212-359-2228
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
SUNNYVALE, Calif.--(BUSINESS WIRE)--#advancedfission--Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting. With increasing power consumption from bitcoin mining, the partnership between Oklo and Compass aims to introduce advanced fission to supplement fossil fuels and promote diversity and sustainability in the energy sources used by miners. Oklo’s advanced fission powerhouses will provide clean, reliable, and affordable baseload power for Compass’ Bitcoin mining machines, starting in the early 2020s. Oklo is committed to supplying at least 150MW of clean power to Compass in the first phase of this partnership, helping drive the sustainability of Bitcoin mining practices.
“We are proud to blaze new trails on the commercialization of our powerhouses by partnering with Compass in decarbonizing Bitcoin,” said Jacob DeWitte, co-founder and CEO of Oklo. Oklo is the first advanced fission company to have its license to construct and operate a power plant be accepted for review by the U.S. Nuclear Regulatory Commission.
“Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo is positioned to respond to commercial demands by offering end-users the convenience of buying clean, reliable, and cost-effective power that they can depend on,” added DeWitte. Oklo’s path to deployment strives to optimize its power plant designs to be cost-competitive with the cheapest forms of energy.
Oklo’s advanced fission powerhouses can produce reliable power for up to 20 years without the need to refuel and have the capabilities to turn nuclear waste into clean energy. This commercial project is scalable, and Oklo can add additional capacity to accelerate Compass’ sustainable mining efforts further while driving the economics of Bitcoin mining activities powered by advanced fission.
“Compass is thrilled to partner with a cutting-edge team like Oklo. Together we can push the Bitcoin mining industry forward into a new phase of cheap and reliable power from advanced fission. Every bitcoin miner understands the need for cheap, reliable power. Our team and clients are excited to partner with Oklo and redefine the energy landscape for cryptocurrency mining,” said Whit Gibbs, co-founder and CEO of Compass.
About Oklo Inc.: Oklo Inc. (Oklo) is a California-based company developing clean energy plants to provide emission-free, reliable, and affordable energy using advanced fission. Oklo received a Site Use Permit from the U.S Department of Energy, successfully demonstrated prototype of its metallic fuel, was awarded fuel material from Idaho National Laboratory, and developed the first advanced fission combined license application, which completed acceptance review and was docketed by the U.S. Nuclear Regulatory Commission.
About Compass: Compass Mining is a bitcoin-first, proof-of-work mining company on a mission to strengthen Bitcoin's network by democratizing hash rate. Compass' mining marketplace offers easy procurement and deployment of mining machines for institutional and retail clients. Compass also produces industry-leading research and educational content through a variety of tailored media product offerings. Mining is a notoriously opaque sector of the Bitcoin industry, but Compass now serves as the guide for everyone's path to successfully mining bitcoin. Thanks to Compass, mining bitcoin has never been easier.
Media Contact for Oklo:
Bonita Chan
Director of Marketing and External Relations
Inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact for Compass:
Zack Voell
Content Director
Inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release second quarter 2021 earnings results on Wednesday, July 21, 2021.
What: Kinder Morgan Second Quarter ‘21 Earnings Results Webcast
When: July 21, 2021, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-517-308-9375 and entering the passcode 9127380.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on August 21, 2021. To access the replay, please dial 1-203-369-3049 and enter passcode 96413.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 144 terminals and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.
Media Relations
Dave Conover
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
(713) 369-9490
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.kindermorgan.com
WENZHOU, China--(BUSINESS WIRE)--The 2nd International Industrial and Energy Internet Innovation and Development Conference was held from July 9 to 10 in Wenzhou city, east China's Zhejiang Province.
Over 700 people including academicians, experts and scholars from universities or scientific research institutes, representatives of international organizations and industry associations, and government officials attended the opening ceremony, sharing their insights on building smart grids and promoting the energy revolution.
At the ceremony, the Oujiang Consensus was reached, several products were launched and a total of 18 projects were signed.
The conference also included 6 parallel forums and an expo.
Liu Huanzhen
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.