PG&E Offers Tips to Stay Safe and Reduce Energy Use this Holiday Season
SAN FRANCISCO--(BUSINESS WIRE)--As we take time to feast and give thanks, the 25,000 coworkers of Pacific Gas and Electric Company (PG&E) want to express sincere appreciation for our customers. Our community only works when we support one another. We are honored to be a part of it and privileged to provide energy service to millions across Northern and Central California.
This Thanksgiving, PG&E shares ways to gobble up energy savings to help reduce higher holiday energy bills.
“We feel fortunate to be able to serve the same communities where we live and raise our families. With this in mind, we encourage customers to put safety first at holiday gatherings and look for ways to reduce energy use this season,” said Aaron August, PG&E’s Vice President of Business Development & Customer Engagement.
Here are some simple tips for customers enjoying the holidays:
Fire safety is critical on Thanksgiving as it is the peak day for home cooking fires especially when frying foods. Turkey fryers can easily tip over spilling hot oil across a large area. Customers should only use turkey fryers outdoors on a sturdy, level surface away from things that can burn.
For more ways to stay safe this holiday season, visit www.pge.com/safety. For customers shopping for energy-saving appliances and electronics, visit PG&E’s Marketplace.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
JENBACH, Austria--(BUSINESS WIRE)--While efforts to transform the energy system are being ramped up, the demands placed on energy generation are increasing as well. On one hand, there are fluctuations in power generation due to the volatility of renewable energy. On the other hand, the demand for energy is continually increasing due to growing levels of electrification. At the same time, coal and nuclear power plants are more often being replaced by smaller on-site power plants.
As a company that is helping to shape the energy transition, INNIO is offering innovative solutions to meet these complex challenges. Thanks to their excellent controllability, short start-up times, and high efficiency, INNIO Jenbacher’s flexible combined heat and power (CHP) systems support a secure, affordable and climate-friendly energy supply. In order to best utilize their potential and optimize systems as a whole, INNIO has developed the innovative energy management solution called myPlant Optimization. Today, more than 10,000 plants worldwide can be managed and operated economically, evaluating more than 900 billion data points annually.
“With our innovative ‘myPlant Optimization’, we offer a comprehensive software-based solution that understands the real challenges of plant operators while also helping to shape the energy transition,” said Olaf Berlien, President & CEO of INNIO. “We use artificial intelligence to help our customers in key regions, such as Germany, to adjust their power and heat generation according to the current availability of renewables so production can be aligned with demand.”
The energy management solution was developed in close collaboration with customers. Martin Buchholz, Managing Partner of Blumendorf Bio-Energie, explained: “The Jenbacher energy management schedules are individually tailored to our plant. They show us clearly and simply when and how much output we will be trading on the electricity market. Ultimately, it’s really important for us that we only generate electricity when it’s the best time to trade it.”
About INNIO
INNIO is a leading provider of renewable gas and hydrogen-rich solutions and services for power generation and compression at or near the point of use. With our Jenbacher and Waukesha products, INNIO helps to provide communities, industry, and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by sustainability, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.
Susanne Reichelt
INNIO
+43 664 80833 2382
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Award notes strength of ComEd’s CONSTRUCT Infrastructure Academy and partnership with the CPS Chicago Builds program
CHICAGO--(BUSINESS WIRE)--In recognition of ComEd’s successful job training and job placement programs that serve minority communities and advance equity, the Center for Energy Workforce Development (CEWD) honored ComEd with the Community Partner Award as part of its 2021 Impact Awards for Workforce Development Excellence.
“Our comprehensive workforce development efforts lift up the communities we’re privileged to serve, and we’re honored to receive national recognition of our successful job training and job placement programs,” said Diana Sharpe, vice president of economic and workforce development at ComEd. “This success is a shared success, as our programs have thrived because they are powered by local community partnerships.”
CEWD presented ComEd with its Community Partner Award based on the strength of two of its programs: the CONSTRUCT Infrastructure Academy and its partnership with the Chicago Public Schools (CPS) program Chicago Builds.
ComEd’s CONSTRUCT Infrastructure Academy prepares local, diverse job seekers for entry-level roles in the utility and construction sectors. Since 2013, more than 600 students have completed the Academy with 70 percent of them securing employment shortly after graduating. Most of them are women, African Americans and Latinos who historically have faced barriers to entering these industries.
Through the ComEd Infrastructure Academy, ComEd works with 10 non-profit training affiliates and more than 40 corporate partners to recruit, train and hire candidates. Program graduates are better prepared to enter related fields with the knowledge and training that qualify them for entry-level jobs with good-paying, livable wages.
Chicago Builds is a vocational trades program for CPS juniors and seniors that began in the 2020-2021 academic year. This two-year CPS program provides technical training skills in a variety of fields, including energy. ComEd partners with CPS to provide career exploration sessions and hands-on activities.
For more information or questions about the CONSTRUCT program, contact This email address is being protected from spambots. You need JavaScript enabled to view it.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
OTCQB listing is the next step in the Company’s U.S. listing strategy Common shares will trade on OTCQB under the symbol ‘OFSTF’ effective November 22nd
TORONTO--(BUSINESS WIRE)--$NETZ #NETZ--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) is pleased to announce that it has received approval for trading its common shares on the OTCQB Market (the “OTCQB”) under the symbol OFSTF effective November 22, 2021. As part of the Company’s growth strategy, the uplist from the OTC Pink Sheets to the OTCQB should allow a broader range of investors to invest in Carbon Streaming. The Company’s common shares will continue to trade on the NEO Exchange under the symbol “NETZ” and on the Frankfurt Stock Exchange under the symbol “M2Q”.
Justin Cochrane, Carbon Streaming’s CEO, commented: “Carbon Streaming continues to work towards a potential main board U.S. listing in 2022 but trading on the OTCQB represents a bridge for our U.S. investors as we pursue such listing. In the meantime, the OTCQB platform should help to expand our U.S. shareholder profile and allow a broader group of investors to participate in the growing global market for carbon offsets through the Company’s existing high-quality investments.”
The OTCQB, a U.S. market operated by OTC Markets Group in New York, is designed for developing and entrepreneurial companies in the United States and abroad. To be listed on the OTCQB, companies must be current in their financial reporting and undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. With more compliance and quality standards, the OTCQB provides investors improved visibility to enhance trading decisions. The OTCQB is recognized by the United States Securities and Exchange Commission as an established public market providing public information for analysis and value of securities and trading.
About Carbon Streaming
Carbon Streaming is a unique ESG principled investment vehicle offering investors exposure to carbon credits, a key instrument used by both governments and corporations to achieve their carbon neutral and net-zero climate goals. Our business model is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits.
The Company invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. Many of these projects will have significant social and economic co-benefits in addition to their carbon reduction or removal potential.
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Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, ‘forward-looking information’) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements with respect to the timing of trading of the Company’s common shares on the OTCQB, the potential benefits of listing on the OTCQB and the timing and ability to achieve a main board U.S listing) are forward-looking information. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: general economic, market and business conditions and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of September 27, 2021 filed on SEDAR at www.sedar.com.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
ON BEHALF OF THE COMPANY:
Justin Cochrane, Chief Executive Officer
Tel: 647.846.7765
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www.carbonstreaming.com
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced that it has entered into a settlement with the U.S. Securities and Exchange Commission (the “SEC”), resolving the previously disclosed SEC investigation relating to the Company. The Company was not required to pay any monetary penalty and has no ongoing undertakings in connection with the settlement.
Under the terms of the settlement, the Company, without admitting or denying the findings in the administrative order issued by the SEC, has agreed to cease and desist from violations of specified provisions of the federal securities laws and rules promulgated thereunder relating to the books and records, internal control and proxy disclosure provisions of the securities laws and rules.
Phillip Gobe, Executive Chairman, commented, “The Company fully cooperated with the SEC over the course of its investigation. The SEC’s administrative order recognizes not only the significant value of the Company’s cooperation but also the considerable remedial actions taken by the Company to strengthen its internal policies, governance and internal control over financial reporting and to embed those improvements into the Company’s culture. All material weaknesses previously identified have been fully remediated, and ProPetro is a stronger company today as a result of the actions we have taken to enhance our culture.”
About ProPetro
ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. For more information, please visit www.propetroservices.com.
ProPetro Holding Corp
David Schorlemer, 432-227-0864
Chief Financial Officer
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ProPetro Holding Corp
Josh Jones, 432-276-3389
Director of Finance
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX), an international offshore energy services company headquartered in Houston, Texas, has been awarded a 5-well complete abandonment project by New Zealand’s Ministry of Business, Innovation & Employment (MBIE), to be performed by the Helix Q7000 and 10K Intervention Riser System (IRS). The contract with MBIE is the second recent award for Helix in the Asia Pacific region, following the award of Cooper Energy BMG wells abandonment in Australia’s Bass Strait.
The Q7000 is expected to mobilize late 2022 to the Tui Field, offshore New Plymouth, and perform the work in three phases, including well abandonment, recovery of XTs and wellhead severance and recovery. Excluding mobilization, the project is anticipated to last approximately 60 days.
David Carr, Senior Vice President – International for Helix Well Ops, said, “This award, coming on the heels of our award with Cooper Energy, shows that an integrated vessel package such as the Q7000 can address a wide range of subsea decommissioning challenges. With Schlumberger, our partners in the Subsea Services Alliance, we provide a complete solution to complex decommissioning scopes. As we commence this project, we look forward to working with tangata whenua, MBIE and the wider community to protect and restore the mana of this location.”
“We are thrilled to be awarded our first ever decommissioning project offshore New Zealand,” stated Scotty Sparks, Helix’s Executive Vice President and Chief Operating Officer. “We are industry leaders and are excited to continue expanding our service offerings and global operational footprint into the APAC region, helping our clients navigate energy transition, optimize subsea infrastructure and maximize their economic returns.”
“Helix was awarded the contract after a competitive procurement process to select a supplier that met MBIE’s objectives of a robust technical solution, flexibility in timing, competitive pricing and a commitment to working with iwi and local stakeholders,” said MBIE Tui Project director Lloyd Williams. “Helix is widely recognized internationally as one of the largest and most capable contractors for well intervention and abandonment, and we are looking forward to working with them to complete the final phase of the decommissioning. Helix’s proposed vessel to carry out the work, the Q7000, is a state-of-the-art unit which is optimized for well decommissioning and features specialized equipment required to complete the work safely and efficiently,” said Williams.
Equipped with an IMO-certified DP3 system and the Helix-designed IRS, the Q7000 can execute well intervention and decommissioning operations in water depths ranging from 85m to 3,000m. With its open deck plan and tri-axial configuration, the Q7000 is capable of a wide range of production enhancement operations as well as well clean-up and field development support. It is equally optimized for well decommissioning, including suspension, tubing removal, tree recovery and sea floor clearance.
The Q7000 features a full suite of Schlumberger equipment as part of the joint Subsea Services Alliance, providing integrated subsea well services including coiled tubing, slickline, e-line and cementing services.
For more information about Helix Energy Solutions Group (NYSE: HLX), please visit our website at www.HelixESG.com.
For more information about the Subsea Services Alliance, please visit our website at www.subseaservicesalliance.com.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the ongoing COVID-19 pandemic and oil price volatility and their respective effects and results, our protocols and plans, our current work continuing, the spot market, our spending and cost reduction plans and our ability to manage changes; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including regulatory initiatives by the U.S. administration; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission ("SEC"), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws.
Social Media
From time to time we provide information about Helix on Twitter (@Helix_ESG), LinkedIn (www.linkedin.com/company/helix-energy-solutions-group), Facebook (www.facebook.com/HelixEnergySolutionsGroup) and Instagram (www.instagram.com/helixenergysolutions).
Erik Staffeldt
Executive Vice President & CFO
281-618-0465
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that S&P Global Ratings (“S&P”) has upgraded NFE’s issuer credit rating to ‘BB-’/Stable Outlook from ‘B+’.
S&P based the rating upgrade on NFE’s growing cash flow as it supplies LNG volumes across a more diversified asset base. In the year since NFE’s previous ratings forecast, the Company has expanded its presence from 3 terminals serving 37 customers to 11 terminals operating or under development serving over 100 customers across 11 markets through acquisitions and advancement of projects in Brazil, Mexico and Nicaragua.
“We are pleased to have been upgraded by S&P Global Ratings and their recognition that our terminals continue to add long term, reliable and growing cash flows to our strong operational performance,” said Wes Edens, Chairman and CEO of NFE. “Access to credit is increasingly important in securing long term gas contracts to serve our growing customer base and improved ratings are meaningful to our core business. We expect continued significant organic growth through our existing terminals and new terminals in Brazil, Ireland and Sri Lanka will add to our ability to support our customers’ transition to cleaner energy and generate additional cash flow over the next 12 to 18 months.”
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) 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 Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” including our ability to develop and operate new terminals in Brazil, Ireland and Sri Lanka; our ability to add customers and achieve long term reliable and growing cash flows. 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 risk that we will be unable to develop and construct energy infrastructure projects around the world and the risk that our construction or commissioning schedules will take longer than we expect or will not be achieved. 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 the Company’s annual and quarterly reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement.
IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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SAN DIEGO--(BUSINESS WIRE)--$DFCO #17thWorldCongressforCervicalPathologyandColposcopy--Dalrada Corporation (OTCQB: DFCO, "Dalrada") is announcing to its shareholders and the public that Harvey Hershkowitz, Director, was appointed as President of its subsidiary Dalrada Health. Mr. Hershkowitz's prominent career in the healthcare industry spans more than 35 years, during which he served as Chairman on many boards. This broad perspective provides Dalrada Health with a significant advantage in implementing its current initiatives and expanding its capabilities. Mr. Hershkowitz holds a remarkable track record for positioning corporations in the global market, where he actively expands his reach and network.
Brian Bonar, Chairman and CEO of Dalrada, states, "Given the growth and expansion of our healthcare division, we are bringing Harvey on as a seasoned executive to drive focus, execution, and results. His motivation for furthering the healthcare industry aligns with and empowers Dalrada's global vision and its business expansion implementation strategy."
Mr. Hershkowitz's experience includes guiding top Fortune 10 companies with consulting, Information Technology (IT), software, professional services, nursing schools, management, building and development. In addition, he has successfully spearheaded companies in business, IT, residential, wellness centers, commercial development, acute care hospitals, skilled nursing facilities, major physician groups, biosciences, pharmaceutical and healthcare construction boards.
“Dalrada continues to exceed expectations, and I am excited to help achieve our future goals. As a publicly-traded company with more than ten products & services, Dalrada serves the top growing industries, and we are looking forward to making our impact known,” said Mr. Hershkowitz.
Dalrada Health's business segments are GlanHealth™, cerVIA™, Empower Genomics, Pala Diagnostics, IHG, and Sòlas Rejuvenation + Wellness. Each has expanded its presence with notable achievements, including:
Trends in the healthcare industry reflect the growing acceptance and adoption of technology-driven informatics. Industry reports expect healthcare data analysis to create efficiencies that transform care facilities' operations and how practitioners engage with patients remotely.
“COVID-19 brought profound changes to the healthcare industry, and standard health care checkups and general health took a back seat. With these drastic shifts in the industry, we are committed to offering innovation with the right solutions to keep people healthy,” continued Hershkowitz.
According to industry data, the largest global healthcare services market region is North America, accounting for 40% of the market in 2019. From 2021, the global healthcare services market is expected to grow at a CAGR of 7% and reach $9725.4 billion in 2023. Alongside renewable "clean" energy and IT, healthcare is positioned as one of the three largest growing industries over the next 10 years.
Continuously building on its core life sciences, technology, and engineering practices, Dalrada operates under the tenet of bringing innovative products and services to a complex new world. As consumers, businesses, and governments seek alternative solutions, Dalrada's subsidiaries respond with affordable, available, accessible, and impactful innovations.
For more information on Dalrada and its subsidiaries, visit www.dalrada.com.
About Dalrada (DFCO)
With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.
Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.
Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada's subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.
Disclaimer
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Denise Mahaffey
858.283.1253
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Company is first and only supplier of U.S.-made synthetic graphite
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Today, U.S. Secretary of Energy Jennifer M. Granholm, along with federal, state and local officials, celebrated NOVONIX’s new facility in Chattanooga, Tenn., where the company will produce high-capacity long-life synthetic graphite anode material. NOVONIX is the only qualified U.S. supplier of the material, which is used in lithium-ion batteries.
“The local support for this means not just something for Chattanooga, and it's not just for Tennessee, but it really is for the country,” said Sec. Granholm. “The fact that we're at a facility that once employed about 230 people and that now is going to employ 300 people, making the future of our transportation energy system secure, is such a great day for America.”
In a celebration today, elected officials, civic leaders and NOVONIX executives and board members marked commencement of Riverside Recharged, signifying the company’s nearly $20 million retrofit and creation of 290 jobs at the 400,000-square-foot facility located along the Tennessee River.
“This is a major milestone for the Electric Vehicle industry with the establishment of the U.S.’ first anode manufacturing facility, and we are honored to have Secretary Granholm here to celebrate the occasion,” said NOVONIX Board Member Andrew Liveris AO, who is also Chairman of Lucid Motors. “Our novel technologies are showing the path forward for the U.S. and global electric vehicle market, and our Chattanooga facility is at the center of the electrification of the U.S. economy.”
The company’s technology accelerates research and development from years to weeks. Its material is used in lithium batteries in everything from smartphones to electric vehicles. Soon, NOVONIX will be producing premium synthetic graphite at the Chattanooga facility, with a goal of 10,000 tonnes per year by 2023 and 40,000 tonnes by 2025.
“NOVONIX is transforming the battery material market and lessening U.S. dependence on foreign sources,” said Dr. Chris Burns, CEO of NOVONIX. “Through our technological breakthroughs, we are the first and only U.S. supplier of synthetic graphite to be qualified with a Tier 1 battery cell manufacturer. Our solution is helping to power the energy storage market, leading to better performance, longer life and lower costs.”
The Chattanooga facility was once owned by GE, where the company made nuclear turbines, but it closed operations in 2016. NOVONIX’s acquisition, retrofitting and production plans represent an overall $160 million investment.
“When a global company like NOVONIX chooses to invest here, it’s a win for Chattanooga and all Tennesseans, especially when it’s in an area that had remained dormant for years,” said U.S. Rep. Chuck Fleischmann of Tennessee’s 3rd District. “Chattanooga is a place for innovation, and we welcome companies like NOVONIX, which are leading the way in their industry and creating good paying jobs.”
Today’s program and speakers included former U.S. Senator and Chattanooga Mayor Bob Corker, Chattanooga Mayor Tim Kelly, Hamilton County Mayor Jim Coppinger, Rep. Fleischmann, Tennessee Department of Economic and Community Development Commissioner Bob Rolfe, Dr. Burns, Sec. Granholm and NOVONIX board members Liveris and Zhanna Golodryga, Phillips 66 Senior VP and Chief Digital and Administrative Officer.
The majority of NOVONIX jobs at the Riverside facility will be highly skilled operators and machinists, and the company will offer technical on-the-job training. Hiring plans and information on job openings will be available on the NOVONIX website.
For more information on NOVONIX, visit NovonixGroup.com.
About NOVONIX
NOVONIX Limited (ASX: NVX) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the U.S. and Canada and sales in more than 14 countries. NOVONIX's mission is to enable a clean energy future by producing longer-life and lower-cost battery materials and technologies.
Marissa Bell
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ORLANDO, Fla.--(BUSINESS WIRE)--Thoma-Sea Marine Constructors, LLC awarded Siemens Energy a contract to supply power, propulsion, and control systems along with Siemens Energy’s battery storage technology for two research vessels. The new ships, named the Oceanographer and Discoverer, are being acquired by the National Oceanographic and Atmospheric Administration (NOAA) and will support various missions, including general oceanographic research and exploration, climate and ocean ecosystem studies, and worldwide ocean survey and data collection.
Siemens Energy will equip both ships with SiSHIP Blue Drive PlusC™ advanced diesel-electric propulsion systems and BlueVault™ Battery Storage Solutions. The combination of technologies will enable additional fuel savings and emissions reductions by allowing NOAA to optimize loading on variable speed diesel engines. It will also reduce maintenance associated with the engines.
Walter Thomassie, managing director, Thoma-Sea Marine Constructors, L.L.C., stated, “The NOAA NAV Variant is truly the result of an intense, collaborative effort by the Thoma-Sea Marine team, analyzing and implementing the best solutions brought by the shipyard, our design agent (TAI), Siemens Energy, and others. As the first shipyard to install and commission the Siemens Energy Blue Drive PlusC™ advanced diesel-electric propulsion systems in the United States, Thoma-Sea immediately recognized Siemens Energy was able to optimize the system according to our specifications to further enhance the vessel’s capabilities and efficiencies.”
Anil Raj PE, president and chief engineer of TAI Engineers, said, “TAI Engineers worked closely with Thoma-Sea Marine and Siemens Energy to develop, for the government, an optimal vessel design with superior performance. The Siemens Energy installation helped in providing an ideal solution to maximize the vessel’s endurance, reduce fuel consumption and minimize its carbon footprint."
Compared to vessels with traditional fixed-speed diesel engines of similar size and operating profile, it’s estimated that the technology provided by Siemens Energy will lead to fuel savings of 15,000 gallons per year for each vessel – resulting in a reduction of approximately 5,700 tons of CO2. To offset this amount would require planting more than 370,000 trees.
“We are proud to work alongside our project partners Thoma-Sea and TAI Engineers, and the operators NOAA, and Naval Sea Systems Command, to build these two state-of-the-art research vessels. The contract award is a testament to the performance and reliability of our advanced emissions reducing technologies families, which have developed an extensive track record across a broad range of marine applications in recent years,” said Luke Briant, Head of Marine Solutions Americas at Siemens Energy.
The SiSHIP Blue Drive PlusC™ diesel propulsion technology has been installed on more than 80 marine vessels worldwide, including the world’s first all-electric car ferry, and the world’s largest cruise PAX ferry.
The two NOAA vessels are scheduled to enter operation in 2024 and 2025 respectively. Each will host a crew of 20 and can accommodate up to 28 scientists.
This press release is available at https://press.siemens-energy.com/global/en/pressrelease/siemens-energy-help-us-government-reduce-emissions-new-national-oceanographic-and
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Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 91,000 people worldwide in more than 90 countries and generated revenue of $32.4 billion in fiscal year 2021. www.siemens-energy.com.
Stacia Licona
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Partnership will extend integrated solutions with Svante’s Innovative Solid Sorbent Carbon Capture Technology
PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) (ISIN:NL0014559478) and Svante have entered into a Memorandum of Understanding (MoU) to further develop Svante’s solid sorbent carbon capture technology and provide integrated solutions from concept to project delivery.
The partnership will explore opportunities in Europe, Middle-East and Africa (EMEA) and Russian Federation markets where Svante’s technology would be selected by end Clients for industrial carbon capture projects, including cement & limestone, blue hydrogen, refineries, petrochemicals, steel, ammonia and pulp & paper facilities. The cooperation will be worldwide for blue hydrogen plants using Technip Energies’ Steam Methane Reformer (SMR) technology.
The carbon-capture facilities will use Svante’s solid sorbent technology to capture carbon directly from industrial post-combustion flue gases as a non-intrusive “end-of-the-pipe’’ solution to produce pipeline-grade carbon dioxide. Svante innovative net-zero technology captures carbon dioxide, concentrates it, and releases it for safe storage or industrial use, all in less than 60 seconds, by using proprietary active capture nano-materials called “solid sorbent filter’’.
Through this collaboration, both companies intend to address the critical need of lowering the capital cost of the capture of the carbon dioxide emitted from industrial production in order to achieve the world’s net-zero carbon goals required to stabilize the climate. Leaders from industry, financial sectors and government agree on the enormity of the challenge and the critical need to deploy more than 2,000 carbon capture and carbon removal plants by 2040. This is equivalent to put in operations about 2 plants a week over the next 20 years.
Arnaud Pieton, CEO of Technip Energies, said: “We are glad to collaborate with Svante on their emergent carbon capture technology for the decarbonization of hard-to-abate industries by leveraging our expertise in technology co-development and integration as well as design, procurement and construction of carbon capture plants. This partnership clearly reflects the significant role of industrial-scale technologies to accelerate the transition towards a low-carbon society.’’
Claude Letourneau, President and CEO of Svante, said: “This partnership with Technip Energies will allow us to focus our development effort in building a scalable supply chain for active capture materials to address a broad carbon capture and removal solutions offering at Gigaton scale. Svante is currently expanding its commercial filter manufacturing facility in Canada. By the end of 2023, the new facility will have an annual capacity to delivery filter modules capable of removing 3 million tonnes of carbon dioxide per year or the equivalent of project delivery of 3 world-scale carbon capture plants of 1 million tonnes per year’’.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: www.technipenergies.com.
About Svante
Svante offers companies in emissions-intensive industries a viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante’s technology is currently being deployed in the field at pilot plant-scale by industry leaders in the energy and cement manufacturing sectors. The CO2MENT Pilot Plant Project – a partnership between Lafarge (Holcim) and TOTAL Energies – is operating a 1 tonne per day (TPD) plant in Richmond, British Columbia, Canada that will re-inject captured CO2 into concrete, while the construction and commissioning of a 30 TPD demonstration plant was completed in 2019 at an industrial facility in Lloydminster, Saskatchewan, Canada. A 25 TPD demonstration plant is currently under design and construction at Chevron U.S.A. located near Bakersfield, California. In addition, several feasibility studies for commercial scale carbon capture projects ranging from 500 to 4,500 TPD are underway in North America and Europe.
Svante has attracted more than USD$195 million in investment since it was founded in 2007 including the recent CDN$25 million investment from the Government of Canada’s Strategic Innovation Fund. Svante is building scalable supply chain for active capture materials to address a broad carbon capture and removal solutions offering at Gigaton scale. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu, and Chairman Steven Berkenfeld, former Head of Industrial & Cleantech Practice at Barclays Capital. To learn more about Svante’s technology, click here or visit Svante’s website www.svanteinc.com, LinkedIn or Twitter (@svantesolutions).
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Technip Energies
Investor relations
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Media relations
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Svante
Media relations
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HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today that it has closed its previously announced acquisition of oil and gas assets in the Eagle Ford from undisclosed sellers. The aggregate purchase price for these assets was $75 million, subject to customary purchase price adjustments and an August 1, 2021 effective date. In accordance with the terms of the Purchase and Sale Agreement, the transaction consisted of $45 million in cash and approximately 1.35 million shares of SilverBow’s common stock.
MANAGEMENT COMMENTS
Sean Woolverton, SilverBow’s Chief Executive Officer, commented, “This is the third acquisition we have closed in the second half of this year. This transaction represents SilverBow’s largest to date. As we look to 2022, the Company is set to grow production by double digits in part from the incremental development locations and a full year’s worth of contribution from the acquired assets. With greater cash flow and liquidity, SilverBow remains well-positioned for strategic M&A and further de-levering.”
ABOUT SILVERBOW RESOURCES, INC.
SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.
FORWARD-LOOKING STATEMENTS
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent management's expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, risks and uncertainties discussed in the Company’s reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. You should not place undue reliance on these forward-looking statements.
Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW
BASINGSTOKE, England--(BUSINESS WIRE)--#electricvehiclechargingmarket--A new study from Juniper Research has found the global volume of EV charging sessions, where an EV’s battery is charged using a charging point, will exceed 1.5 billion per annum in 2026, from just 200 million in 2021. This remarkable growth rate of more than 665% over the next five years will be driven by greater government incentives for electric vehicles, as well as more widespread charging service availability.
The research identified incentives for EV ownership as having significantly increased take-up in Europe, with coordinated incentives packages needed in North America to stimulate growth. To support greater electrification, Juniper Research recommends EV charging vendors work with governments and other stakeholders, including fuel retailers, to plan coordinated public charging network roll‑outs, or the mass electrification of mobility will stall.
For more insights, download the free whitepaper: How EV Charging Is Driving Electric Mobility Forward
Home Charging Still Dominating EV Charging Sessions, but Not Revenue
The new research, EV Charging: Key Opportunities, Challenges & Market Forecasts 2021-2026, found that home charging will decline slightly; accounting for over 70% of all EV charging sessions in 2026, compared with just over 80% in 2021. However, the report found that this dominance does not directly translate into hardware revenue for charging point vendors, with public charging stations accounting for 56% of charging point hardware revenue globally in 2026.
Research author Nick Maynard explained: “While EV charging at home will largely remain dominant, public charging roll-outs will be a major focus going forward, and their installation will be critical to enabling users who do not have off-road parking to join the electric mobility revolution.”
Fast Charging Represents Next Battleground
The research found that as EVs become longer range and more powerful, fast charging DC (direct current) stations will be the next key competitive battleground within the EV charging landscape. The report recommends that vendors work on partnerships with key destinations, such as car parks and retailers now, in order to schedule fast charger roll-outs, or they will lose ground to faster-moving competitors.
EV Charging market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/ev-charging-market-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/how-ev-charging-is-driving-electric-mobility
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.
Contact Sam Smith, Press Relations
T: +44(0)1256 830002
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SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Upstart Power, a leading developer and manufacturer of solid oxide fuel cell (SOFC) power systems for backup power and distributed generation, announces today the introduction of Upgen NXG™, its next-generation Fuel Cell Generator. Upstart Power’s Upgen NXG delivers complete energy resilience and grid independence in residential and industrial energy management applications by providing long-duration backup energy during grid failures and solar shortfalls.
Upgen NXG Fuel Cell Generators are superior long-duration backup systems that are safe, clean, efficient, quiet, scalable, versatile, easy to install, and maintenance free. Upgen NXG Fuel Cell Generators are deployed in combination with battery storage and optional solar and enable comprehensive energy resilience and indefinite backup operation in residential and industrial applications.
Running quietly and efficiently on commonly available fuels like propane, natural gas, and hydrogen / natural gas blends, Upgen NXG Fuel Cell Generators have a significantly lower total cost of ownership compared to traditional internal combustion engine (ICE) generators. In addition, their ultra-low emissions and virtually silent operation satisfy the expectations of customers with environmental concerns and renewable energy priorities.
"Upstart Power continues to diligently collaborate with our partners to accelerate the commercialization of solid oxide fuel cell technology for deployment at scale. The Upgen NXG Fuel Cell Generator empowers homeowners and industrial customers with the benefit of full power resilience without having to compromise on safety, environment or cost," said Paul Osenar, CEO Upstart Power.
Recently showcased at Enphase Energy’s Investor Day held on November 16, 2021, in San Francisco, California, in an AC-coupled configuration “Powered by Enphase IQ8™ Microinverters”, UpGen NXG Fuel Cell Generators are designed to integrate seamlessly with industry-leading residential and industrial energy management systems. For more information about the Upstart Power System OEM Program please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Upstart Power, Inc.
Upstart Power designs and produces market disruptive solid oxide fuel cell (SOFC) generators that are dependable, sustainable, carbon efficient, and virtually silent for Residential and Industrial applications. The next generation Upgen NXG Fuel Cell Generator platform from Upstart Power works collaboratively with intermittent renewable sources like battery storage and optional solar and will ‘cycle on’ when other sources are unavailable, providing 24-7-365, long-duration backup power generation. Founded in late 2018, Upstart Power is a privately held company, funded by investors including TJ Rodgers, Enphase Energy and Sunnova Energy.
For more information, visit www.upstartpower.com
Upstart Power
Robyn Kennedy DeSocio
Investor Relations
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614.877.8278 ex. 124
VALLEY FORGE, Pa.--(BUSINESS WIRE)--#SeniorNotesOffering--UGI Corporation (“UGI” or the “Company”) (NYSE: UGI) announced today that its indirect, wholly owned subsidiary, UGI International, LLC (“UGI International”), intends to offer €400,000,000 in aggregate principal amount of senior unsecured notes (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.
The Notes will be fully and unconditionally guaranteed by certain subsidiaries of UGI International that guarantee UGI International’s obligations under its existing €300,000,000 senior unsecured term loan facility and its existing €300,000,000 senior unsecured revolving credit facility, but will not be guaranteed by the Company. UGI International expects to use the net proceeds of the offering to redeem its €350,000,000 principal amount of senior unsecured notes due 2025 in full and to pay fees and expenses in connection with the offering, and the remainder will be used for general corporate purposes and/or be distributed to the Company. The Notes offering is subject to market conditions.
The Notes will not be registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains statements that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the aggregate principal amount of the Notes to be sold or the intended use of proceeds from the offering of the Notes. Management believes that these are reasonable as of today’s date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management’s control. You should read UGI’s most recent Annual Report on Form 10-K for a more extensive list of factors that could affect results. Among them are adverse weather conditions (including increasingly uncertain weather patterns due to climate change) and the seasonal nature of our business; cost volatility and availability of all energy products, including propane, natural gas, electricity and fuel oil, as well as the availability of LPG cylinders, and the capacity to transport product to our customers; increased customer conservation measures; adverse labor relations and our ability to address existing or potential workforce shortages; the impact of pending and future legal or regulatory proceedings, inquiries or investigations; liability for uninsured claims and for claims in excess of insurance coverage; domestic and international political, regulatory and economic conditions in the United States, Europe and other foreign countries, and foreign currency exchange rate fluctuations (particularly the euro); the timing of development of Marcellus and Utica Shale gas production; the availability, timing and success of our acquisitions, commercial initiatives and investments to grow our business; our ability to successfully integrate acquired businesses and achieve anticipated synergies; the interruption, disruption, failure, malfunction, or breach of our information technology systems, and those of our third-party vendors or service providers, including due to cyber-attack; the inability to complete pending or future energy infrastructure projects; our ability to achieve the operational benefits and cost efficiencies expected from the completion of pending and future transformation initiatives including the impact of customer disruptions resulting in potential customer loss due to the transformation activities; uncertainties related to the global pandemics, including the duration and/or impact of the COVID-19 pandemic; the impact of proposed or future tax legislation, including potential reversal of existing tax legislation that is beneficial to us; and our ability to overcome supply chain issues that may result in delays or shortages in, as well as increased costs of, equipment, materials or other resources that are critical to our business operations. The Company undertakes no obligation to release revisions to its forward-looking statements to reflect events or circumstances occurring after today.
About UGI
UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States and California and internationally in France, Belgium, the Netherlands and the UK.
INVESTOR RELATIONS
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
Shelly Oates, ext. 3202
DALLAS--(BUSINESS WIRE)--#CoreEnergyAdvisors--JRR Operating LLC and other unrelated entities (“JRR, et al.” or the “Sellers”) have retained Core Energy Advisors, LLC to sell non-operated working interests in 380 producing and non-producing properties across Central Texas, Texas Gulf Coast, South Texas, West Texas and New Mexico. The assets provide an attractive opportunity to acquire oil-weighted production (85% oil, by revenue) with predictable, currently producing reserves expected to generate approximately $8 million of cash flow over the next twelve months. The acquisition of these assets also provides a buyer with access to multiple economic development projects.
Current net daily production from the assets was 455 bbl/d of oil, 831 mcf/d of gas, and 79 bbl/d of natural gas liquids as of October 2021. These production numbers do not include contribution from one new horizontal well that is producing substantially more than anticipated.
The assets are operated by veteran operator, CML Exploration, LLC. Potential upside opportunities include locations that are held by production and included in CML’s continuous drilling program in the Maverick Basin in South Texas. The locations have been selected by CML, utilizing their extensive, mostly proprietary, library 3-D seismic data. An additional four wells are scheduled to be drilled and completed over the next few months. The assets have great access to infrastructure, including midstream transportation and saltwater disposal.
Core Energy Advisors has a virtual data room for interested parties to review the assets in more detail upon execution of a confidentiality agreement. Bids are due on the asset package by 5:00pm on December 15, 2021.
Core Energy Advisors, LLC
www.coreenergyadvisors.com
Harrison Williams, (713) 962-1400
Managing Principal
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DALLAS--(BUSINESS WIRE)--#EV--Spark Connected, (www.sparkconnected.com) a global leader in developing advanced and innovative wireless power technology announced a partnership with Cowboy (www.cowboy.com), a Brussels-based e-bike manufacturer, who has launched their newest e-bike series with Spark Connected’s wireless charging solution.
Cowboy has integrated Spark Connected’s unique wireless charging technology into the C4 and C4 ST e-bike series. Spark’s wireless charging solution vastly enhances the user experience and complements an already impressive list of features by Cowboy that incorporates design elegance, affordability, and technology to connect owners to their bikes through an app. The partnership with Spark Connected allowed Cowboy to quickly develop their industry-first cockpit. Spark provided industry leading wireless power technology with unparalleled support to the Cowboy engineering team to come up with the best technical system level solution.
According to Ruwanga Dassanayake, COO at Spark Connected, “It has been amazing to watch the Cowboy team’s journey in bringing this stunning, connected e-bike to market. Spark Connected’s unique wireless charging technology complements this feature rich e-bike and will reshape the way we think about e-mobility.”
Exclusively available on the C4 and C4 ST is a cockpit integrated into the stem featuring a built-in mount to securely hold the rider’s smartphone, providing the user with real-time access to essential information through the Cowboy app as they ride. Once docked, the phone will wirelessly connect and charge, directly leveraging the bike’s internal battery.
“We wanted to give anyone’s phone and the new Cowboy app centre stage, enabling our riders to have a companion along for the ride, offering easy and instant access to information such as remaining battery range, air quality on route and a wide range of live fitness stats,” said Tanguy Goretti, Co-Founder and CTO. “Thanks to our proprietary cockpit and our partnership with Spark Connected, it is now easy to quickly and securely dock your phone and give it a battery charge as you ride.”
About Spark Connected:
Spark Connected | powering the world, wirelessly™
Spark Connected is a global leader in wireless power technology. The company has the broadest portfolio of innovative ready-to-use wireless power solutions ranging from 1 Watt to 2.4 kilowatts.
The company’s patented hardware reference designs, combined with the highly scalable Pantheon™ software platform, allows end-to-end intelligent and adaptive power system control. Spark offers both inductive and resonant technologies. The result is best in class performance, efficiency, safety, thermal management, and EMI.
This proven technology has been successfully integrated into a myriad of customer products in a wide variety of applications, including automotive, industrial, consumer, e-mobility (e-bikes) medical, IoT, security and infrastructure.
Spark Connected is a full member of and has multiple leadership positions with the global Wireless Power Consortium, driving and influencing the global standards and specifications.
For more information visit: www.sparkconnected.com
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About Cowboy:
Cowboy is the connected electric bike for urban riders and continues to transform the bike and mobility industries — from point of sale to point of service. Its mission is to power riders to map their own paths, and those of the cities they live in, through mindful movement that benefits all.
Founded in 2017 by start-up entrepreneurs Adrien Roose, Karim Slaoui and Tanguy Goretti, Cowboy is headquartered in Brussels, Belgium. Cowboy is the winner of the Eurobike 2017, the Red Dot bicycle design award 2018 and the Red Dot Best of the Best award for product design in 2019 and 2021 models. Cowboy operates in Austria, Belgium, France, Germany, Italy, Luxembourg, The Netherlands, Spain, USA, and the United Kingdom with new moves on the horizon.
For more information visit: cowboy.com
Lexi Moore
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(972) 855-8026
IOTech's IoT platforms, Edge Xpert® and Edge XRT® enable Google Cloud customers to extract and process data from a broad range of OT devices at the edge
EDINBURGH, Scotland--(BUSINESS WIRE)--$Google #Buildingautomation--Edge software provider IOTech announced today it is expanding its partnership with Google Cloud to offer smart and integrated edge-cloud solutions for enterprise companies. With this partnership, industrial users including manufacturing, building automation, and smart energy can now deploy smart, no-code and integrated edge-cloud solutions at scale.
This expanded partnership will impact industrial IoT deployments which come with certain challenges including OT/IT integration. The northbound communication protocol to Google Cloud is typically MQTT or REST while the southbound communication protocols include Modbus, BACnet, Ethernet/IP, S7, OPC-UA and many more. Other challenges industrial users face include the ability to extract data from old and legacy IoT devices and the ability to control what data specifically is sent to Google Cloud, mainly for security, latency and/or cost reasons. Edge computing capabilities and features therefore play an increasingly important role in industrial IoT.
The partnership allows the industrial user to deploy a smart, no-code and integrated edge-cloud solution at scale. IOTech’s Edge Xpert typically resides on the edge gateway or server level while Edge XRT can reside on legacy or resource constrained hardware such as MCUs and PLCs, typically found at the far edge. Both platforms come with 20 plus OT connectors including Modbus, BACnet, Ethernet/IP, S7, OPC-UA, and many more. The platforms also include an SDK making it easy for customers to build new OT connectors, if required. Seamless data integration with Google Cloud is provided as standard.
“IOTech is excited to be a Google Cloud Edge ISV partner. The integrated edge-cloud solution allows for fast deployments, significantly reducing the time to value. Adding an OT device is enabled through simple configuration and no coding skills are required,” said Keith Steele, CEO of IOTech Systems.
About IOTech
IOTech builds and deploys vendor-neutral software platforms and tools to support the rapid development, deployment, and management of applications at the IoT edge helping drive IoT innovation, global market adoption, velocity and scale. The company’s products address the full spectrum of secure hard and soft real-time edge computing needs, dramatically reducing time to market, development and system integration costs for its partners, who are the supply chains to multiple vertical IoT market domains. IOTech leverages an open-source ecosystem to collaboratively improve time to market, develop global channel partnerships and achieve pervasive adoption of its software products.
Ken Zeszutko, Z Corp PR & Digital, 321-213-1818 / This email address is being protected from spambots. You need JavaScript enabled to view it.
Delivers reliable broadband services through new India gateway
MCLEAN, Va.--(BUSINESS WIRE)--Intelsat, operator of the world's largest integrated satellite and terrestrial network, announces the expansion of its global FlexMaritime service, now enabling connectivity for vessels traveling in Indian territorial waters and immediately enhancing the service coverage for all of Intelsat’s 8,000 existing FlexMaritime vessels. The landmark development also provides access for Indian-registered vessels to Intelsat’s award-winning global high-throughput maritime network. Intelsat's expansion is made possible by a new in-country gateway that is operationally ready to provide service via Intelsat’s HTS satellites under India-based partner Cloudcast's In-Flight and Maritime Connectivity (IFMC) license.
FlexMaritime provides high-speed, resilient connectivity service with 99.95% proven network uptime. The expansion of FlexMaritime into India will open new business opportunities and accelerate digital transformation for thousands of Indian-flagged vessels and ships trading in Indian territorial waters. According to the Ministry of Shipping, around 95% of India's trading by volume and 70% by value is done through maritime transport.
"The completion of this regulatory milestone means customers of our FlexMaritime solutions partners will immediately benefit from the well-known power, performance and resilience of the FlexMaritime service in Indian waters," said Intelsat Senior Vice President of Mobility, Mark Rasmussen. "The network expansion also demonstrates Intelsat's commitment to mobility services providing yet another new dimension of global trade with access for Indian companies."
Intelsat has experienced continued growth in its FlexMaritime service. More than 8,000 vessels benefit from unrivaled network density and a global, multi-layered high-throughput satellite (HTS) fabric that enables partners to create unique service packages at enterprise-grade performance levels. With terminal sizes of 37cm, 45cm, 60cm and 1 meter, FlexMaritime meets the connectivity needs of every type of vessel with scale and global reach, even in high-traffic port locations.
The gateway will be located in Noida, India, serving as a critical link between Intelsat's terrestrial ground network and space assets and extending Intelsat's existing global network to a vital trading port.
Services are slated for availability at the beginning of 2022 through Intelsat's many solutions partners.
About Intelsat
As the foundational architects of satellite technology, Intelsat operates the world's most trusted satellite telecom network. We apply our unparalleled expertise and global scale to connect people, businesses and communities, no matter how difficult the challenge. Intelsat is building the future of global communications with the world's first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless, and secure coverage precisely when and where our customers most need it. Follow the leader in global connectivity and "Imagine Here," with us, at Intelsat.com.
About Cloudcast
Cloudcast is a 100% subsidiary of Planetcast Media Services Limited and is focused on growing the business in satellite communications and promoting excellence in Value Added Services, Business Practices, Technology and Operations. Cloudcast has commercial licenses for VSAT, ISP, and the new IFMC Gateway Services in India. Planetcast, the parent company, has over the years been instrumental in providing cutting-edge technology to enhance broadcast services. The Planetcast Group's ability to conceptualize, architect, and implement new and expanded capabilities allows clients to take their business to the next level. It is a key market player in providing technology-led managed services to the broadcasting industry in India.
Media:
Melissa Longo - This email address is being protected from spambots. You need JavaScript enabled to view it.; +1 240-308-1881
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a global provider of planning and scheduling software for freight railroads, has announced that Aurizon Bulk, part of the largest rail operator in Australia, has agreed to contract for the Navis Rail Operations System. This cloud-based software will be used to support Aurizon’s Bulk East corporate planning process. Navis will deliver integrated modules to support Aurizon’s locomotive, and crew shift and roster planning functions to improve planning and asset efficiencies.
The Navis Rail Operations System uses an intuitive user interface to apply specialized algorithmic and quantitative analysis tools to quickly build and test service design scenarios, including locomotive and crew planning. The platform also employs an integrated model of resources so that changes to the locomotive deployment plans or network details will be available for crew schedule and roster optimization and vice versa.
Previous implementations of the Navis Rail software have uncovered substantial savings in locomotives, wagons, and crews. According to Tom Forbes, the Head of Navis Rail, “Railways not only need the quantitative tools for optimizing asset utilization; they also need to develop plans and perform ‘what-if’ analysis with a finite amount of staffing. Systems such as Navis Rail help to preserve the institutional knowledge of a rail organization, which is endangered in the current business environment.”
Forbes also remarked that the supply chain issues that are stressing many businesses globally need new tools to keep up with rapid-fire changes in customer’s requirements. “The use of optimization to analyze changes in demand volumes and to quickly test new service design variations are absolutely necessary in today’s transportation environment.” Navis Rail has been working with Aurizon for several years on other projects and they have developed a great working relationship which will extend into the current engagement.
For more information on Navis Rail, visit; https://www.navis.com/en/products/rail-solutions
About Navis, LP
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain, making global trade smarter, safer and more sustainable for everyone. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.
Tom Forbes
Navis, LLC
T+1 312 619 9969
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Katie Vroom
Gregory FCA
T+1 212 398 9680
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