EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--#CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced that its Board of Directors today declared a regular quarterly cash dividend of 55 cents ($0.55) per share, payable on April 1, 2022, to shareholders of record on March 4, 2022.

C.H. Robinson has distributed uninterrupted dividends without decline for more than twenty years. As of February 10, 2022, there were approximately 128,703,756 shares outstanding.

About C.H. Robinson

C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $28 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).

CHRW-IR

Chuck Ives, Director of Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China Natural Gas Map (Jiangxi) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.

The map introduces the latest status of 582+ natural gas project in China's Jiangxi province, including franchised city gas zones, gas pipelines, key distribution stations, LNG plants, LNG Satellite Stations, LNG receiving terminals, CNG plants, key power users, shale gas E&P projects, underground gas storages.

Map Details

• Map Size: 150 x 200 cm
• Map Language: English
• Shipping Format: Rolled

Map Features

• Unprecedented Make-to-Order mapping technology enables your maps to be exported directly from our daily-updated database. This helps you to get the most latest project situation exactly on the day your order is placed;
• Over 370 gas flow arrows appear alongside main pipelines in the map;
• Super large size (150x200cm) of the map allows more details which show the exact project locations so that the map would not be again a bunch of unrecognized dots and lines;
• Subscriber's company name will be added into the map, right below the map's name title.

Projects in this Map (the exact project number is subject to the date your map is tailor-made)

• 133+ franchised city gas zones
• 106+ gas pipelines
• 230+ key distribution stations
• 3+ shale gas E&P projects
• 1+ underground gas storages
• 1+ LNG receiving terminals
• 2+ LNG plants
• 90+ LNG satellite stations
• 14+ CNG plants
• 2+ key gas power users

Tables in this Map

• Jiangxi Province's Franchised City Gas Zones Table introduces each franchised territories, superior prefecture city, status, company;
• Jiangxi Province's Gas Pipelines Table introduces each main gas pipelines by project name, main area, status and company;
• Jiangxi Province's LNG Terminals, Plants, Satellite Stations Table introduces each LNG projects by name, province, city, status and company;
• Jiangxi Province's CNG Plants Table introduces each CNG projects by project name, province, city, status and company;
• Jiangxi Province's Main Gas Power Users Table introduces each gas power projects by project name, province, city, status and company.

For more information about this map visit https://www.researchandmarkets.com/r/9bx8ur

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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

Cloud-based PDI POS Solutions offer deep functionality to support convenience, fuel retail, and foodservice operations with seamless integration to the retailer ecosystem

ATLANTA--(BUSINESS WIRE)--PDI (www.pdisoftware.com), a global provider of leading software solutions for the convenience retail and petroleum wholesale industries, today announced it has signed an agreement with Chevron Singapore Pte. Ltd. (Chevron) to implement cloud-based PDI Point-of-Sale (POS) Solutions. The agreement provides support to multiple countries in the Asia-Pacific (APAC) region and across the Chevron retail network, integrating with existing PDI back-office and home-office business solutions that simplify complex operations across all profit centers. PDI POS Solutions support convenience, fuel retail, and foodservice operations for Chevron with seamless integration across the company’s extensive retailer ecosystem.

In November 2020, PDI announced it would implement the next generation of PDI Envoy back-office and home-office software solutions at corporate-owned Chevron sites across APAC. Today’s announcement enables Chevron to continue leveraging the global team of PDI experts to support the ongoing digital transformation efforts in the region. In particular, Chevron will rely on the powerful, intuitive, and reliable PDI technology stack to create a foundation for future advanced technology investments.

“We’re excited to expand our longstanding relationship with Chevron in APAC. It’s a privilege to serve and enable customers like Chevron so they can benefit from PDI technology investments in the convenience petroleum industry,” said Brad McGuinness, Senior Vice President, POS Solutions at PDI. “This announcement legitimizes the significant investments PDI is making in the industry, international markets, and our solution portfolio.”

PDI leads the market in delivering solutions that provide essential building blocks for digital transformation, both to expand and future-proof operations. Leading retailers, like Chevron, continue to invest in technology that optimizes business operations and helps improve the guest experience with innovative POS solutions.

”To enhance our customer experience and increase enterprise productivity, we are refreshing our POS solutions,” said Dean Gilbert, General Manager, Marketing and Sales Support, Chevron, APAC. “PDI is a dedicated and trusted partner with a proven track record of supporting us in the region. Deep industry expertise from PDI contributes to Chevron success within the Asia-Pacific region and we’re excited to extend this to POS.”

With PDI POS Solutions, Chevron can increase customer-centricity with robust promotions and operations that also deliver better oversight of the business, including real-time updates on inventory, sales, pricing, and staffing.

Sin Hin Wong, PDI General Manager and Vice President of Sales APAC, said, “Chevron is focused on enhancing the customer experience, and a modern, integrated POS solution helps them achieve that goal while increasing enterprise productivity. We look forward to working with Chevron across the various parts of their retail operations in Asia and throughout the Pacific region.”

About PDI

Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI solutions and expertise to deliver convenience and energy to the world. For more information about PDI, visit us at www.pdisoftware.com.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

Kelly O’Brien
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Dimitra Farou
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Companies Combined Data Intelligence to Help Transform Global Trade

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services, announced today a new agreement with Sinay, a technology company that helps maritime-based businesses around the world manage data related to operations and environmental impacts. Together, Spire and Sinay are leveraging data and machine learning to develop global maritime solutions.

Sinay has developed the Sinay Hub, a cloud-based solution that uses advanced AI algorithms to offer real-time environmental and logistic monitoring for maritime industry stakeholders that want to improve their efficiency and sustainability through data. The Hub tool creates real-time situational awareness, allowing the maritime industry to make the right decisions, drive more efficiency and easily comply with regulations.

Spire is integrating its historical and real-time automatic identification system (AIS) data into Sinay’s machine learning model. Using Spire’s data, Sinay’s AI technology will determine maritime routes, classify vessels and train the machine learning model to improve AI algorithms and predict a reliable Estimated Time of Arrival (ETA). Sinay has been a long-term partner of Spire’s, leveraging the company’s AIS data for more than two years. In addition to AIS data, Sinay is now looking at integrating maritime weather insights for cargo tracking by modeling weather conditions and ETA’s that employ machine learning to define the best route for cargo delivery.

“Modern businesses rely on having current, precise, and reliable data to make informed decisions. Spire’s data and analytics enable us to confidently deliver real-time situational awareness, allowing the maritime industry to tap into the power of AI and data to make optimal decisions, consistently, and in real-time,” said David Lelouvier, Managing Director, Sinay. “We look forward to continuing to work with Spire to provide our customers best-in-class, actionable global maritime data.”

“The impact of weather on the maritime industry and in turn global supply chains is something that we are uniquely able to help our customers mitigate,” said John Lusk, SVP and General Manager, Spire Maritime. “We are pleased to expand our relationship with Sinay to include this valuable data set alongside the historical and real-time AIS data that they have been utilizing in their models for years.”

About Spire Global, Inc.

Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics, and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, Boulder, Washington DC, Cambridge, Ontario, Glasgow, Luxembourg, and Singapore. To learn more, visit http://www.spire.com.

About Sinay

As a maritime data solution company, Sinay developed the Sinay Hub, a cloud-based solution that uses advanced AI algorithms to offer real-time environmental and logistic monitoring for maritime industry stakeholders that want to improve their efficiency and sustainability through data. Learn more at https://sinay.ai/en/

For Spire Global, Inc.:
Andrew Cameron
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For Sinay SAS
David Lelouvier
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The new lithium-ion batteries will provide ~ 161 MW of additional capacity

Video of existing SDG&E energy storage available here

SAN DIEGO--(BUSINESS WIRE)--Today, the California Public Utilities Commission (CPUC) authorized San Diego Gas & Electric (SDG&E) to build three new energy storage facilities totaling 161MW/644MWh in order to provide the state with greater capacity to meet high energy demand on summer days and at night after solar power dissipates. Altogether, these new projects will be able to provide enough capacity to meet the energy needs of more than 100,000 homes for up to four hours. Like other energy storage projects owned and operated by SDG&E, these new facilities will be connected to the state energy market, meaning the California Independent System Operator (CAISO) will be able to dispatch them any time they are needed to balance demand and supply on the grid statewide.

“Investing in advanced technologies like energy storage is critical to advancing our state and region’s aggressive climate goals, including getting to net zero greenhouse gas emissions, with the added benefit of making the energy grid more resilient,” SDG&E Vice President of Energy Innovation Miguel Romero said. “Project by project, step by step, we are making progress toward a cleaner, safer and more reliable energy future.”

Battery storage works by capturing renewable resources like wind and solar when they are abundant during the day, then sending that energy back to the grid when it is needed.

The new facilities, which are slated to be completed in late 2022/early 2023, stemmed from the Emergency Reliability rulemaking proceeding under which the CPUC directed utilities to contract for additional capacity to bolster the grid. The projects are the latest of a series of energy storage investments SDG&E has been making. The company completed the Top Gun Energy Storage, a 30MW/120MWh lithium-ion battery system, last June. By March, SDG&E plans to begin commercial operation of another lithium-ion battery storage facility in Kearny Mesa, which will provide 20MW/80MWh. A third lithium-ion storage facility, 40MW/160MWh, is under construction in Fallbrook. By year end 2022, SDG&E expects to have 145MW of SDG&E-owned storage connected to the regional grid (the equivalent needed to serve about 94,000 homes for four hours). To learn more about SDG&E’s clean energy projects, visit sdge.com/sustainability.

SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.

Media Contact:
Krista Van Tassel
San Diego Gas & Electric
877-866-2066
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Twitter: @sdge

Jeneanne Hanley, Gena Lovett and Susan Huppertz bring valuable executive experience spanning automotive and high-volume manufacturing

SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS) has appointed three new members to its board of directors: Jeneanne Hanley, former senior vice president at Lear Corporation; Gena Lovett, former vice president of operations for defense, space and security at Boeing; and Susan Huppertz, chief manufacturing and supply chain officer at Hubbell Inc. The appointments were approved by a unanimous vote of existing board members. Also, long-time director John Doerr, chairman of Kleiner Perkins, is retiring from the QuantumScape board after over a decade of service.

“Jeneanne, Gena and Susan bring extensive leadership experience across large-scale manufacturing and the automotive industry,” said Jagdeep Singh, co-founder, chairman and CEO of QuantumScape. “Their extraordinary accomplishments and perspectives will add new and valuable depth to our world-class board, especially as we scale up manufacturing. I’d also like to thank my friend John Doerr for his innumerable contributions to our company over the years; we are grateful for his support and the inspiration he instilled in so many of us.”

Hanley most recently served as SVP and E-Systems president at Lear Corporation, where she led a global division with over 70,000 employees, 50 manufacturing facilities and $5 billion in revenue focused on delivering products to the automotive industry. Over her 25-years at Lear, Hanley helped grow the business from a small-cap company to a Fortune 500 leader through several senior positions spanning engineering, product development, and sales and marketing. She is currently on the Board of Directors for KLA Corporation, a leading supplier of equipment to the semiconductor industry.

An accomplished executive, Lovett has vast manufacturing experience and has held numerous leadership roles in operations management and business turnaround. She was most recently with Boeing as VP of operations for Defense, Space and Security, where she led nearly 10,000 employees and ran operations for the $30 billion business. Previously, she served as Alcoa’s Director of Manufacturing and Chief Diversity Officer and held various manufacturing roles at Ford Motor Company. Lovett also serves on the boards of AdvanSix Inc. and Trex Company Inc.

Huppertz is a high-volume manufacturing and operations efficiency specialist, serving in leadership roles at several major multinational companies. In her current role as chief manufacturing and supply chain officer at Hubbell, a global manufacturer of electrical supplies, she manages the operations of more than 60 factories on five continents. She was previously VP of global operations at TE Connectivity. Before that, she held numerous leadership positions over her 20-year tenure at Siemens, including SVP of global manufacturing and supply chain.

QuantumScape’s Board of Directors also includes Jagdeep Singh; Frank Blome, head of Volkswagen Group's Center of Excellence for Battery Cells; Brad Buss, former Tesla board member and CFO of Cypress Semiconductor and SolarCity; Prof. Dr. Jürgen Leohold, former executive director of Group Research at Volkswagen Group; Justin Mirro, CEO of Kensington Capital; Prof. Fritz Prinz, co-founder of QuantumScape and professor of materials science and engineering at Stanford University; Dipender Saluja, partner at Capricorn Investment Group; J.B. Straubel, co-founder and former CTO of Tesla, and CEO of Redwood Materials; and Jens Wiese, head of investment advisory and partnerships at Volkswagen Group.

About QuantumScape Corporation

QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.

Forward-Looking Statements

The information in this press release includes a “forward-looking statement” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery cells and building out of QS-0 and the QS Campus, which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the QuantumScape’s Annual Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2021, and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.

For Media
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Leading U.S. Offshore Wind Service Provider Building Hybrid-Ready CTVs to Facilitate Construction of Renewable Power Generation

NEW BEDFORD, Mass.--(BUSINESS WIRE)--American Offshore Services, LLC (“A-O-S” or “the Company”), a crew transfer vessel (“CTV”) owner operator, announced a strategic partnership with Orion Infrastructure Capital (“Orion” or “OIC”) to build state-of-the-art CTVs designed to transport technicians and materials in varied offshore conditions. Under the arrangement, OIC will provide financing to build a series of CTVs at Blount Boats to service the United States’ emerging offshore wind industry.

Formed in 2020, A-O-S is a joint venture between European CTV operator, Northern Offshore Services (N-O-S), and U.S. offshore logistics company, SEA.O.G Offshore, to provide services to the U.S. offshore wind industry. In November, A-O-S placed an order for four hybrid-ready CTVs from Blount Boats of Warren, RI with plans for further expansion.

The new Jones Act compliant, 99-foot G-class vessels are based on best-in-class N-O-S CTV design, offering high efficiency and maximized performance. The aluminum catamarans will have a special compartment set aside for batteries to make the vessels hybrid-ready.

“A-O-S is thrilled to have the support of Orion. These partnerships are requisite to sustain our energy transition; and by building a hybrid-ready, Jones Act fleet for offshore wind farm construction, operations, and maintenance, we are doing just that,” said James Clouse, A-O-S CEO.

“We are excited to partner with A-O-S and finance the next generation of Jones Act compliant CTVs. These vessels are crucial to the successful construction of renewable power generation, which will be capable of powering millions of homes across the East Coast,” said Ethan Shoemaker, Investment Partner and Head of Infra Credit at OIC. “This partnership supports Orion’s objective to continue championing sustainable infrastructure. On behalf of the OIC team, we would like to thank James and his colleagues for selecting Orion to be their capital partner.”

RJM & Company, LLC served as financial advisor to the Company. Jones Walker LLP acted as legal advisor to A-O-S and Latham & Watkins LLP acted as legal advisor to OIC.

About OIC

With $2.8 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, social infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation, and agriculture. OIC (formerly known as Orion Energy Partners) was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of 30 professionals based in New York, and Houston. For more information, please visit www.OIC.com.

Contact information for A-O-S
James Clouse
+1 (832) 405-2933
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Contact information for OIC
Bethany Gorham
+1 (212) 292-0968
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WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer, Inc. (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced that the Company will present at Citi’s 2022 Virtual Healthcare Conference on Thursday, February 24, 2022 at 8:45 a.m. ET.

Prahlad Singh, president and chief executive officer of PerkinElmer, will provide an overview on the Company and its strategic priorities during a fireside chat at this year’s virtual conference. To register, click here.

A live audio webcast will be available on the Investors section of the Company’s website at www.perkinelmer.com. A replay of the presentation will be posted on the PerkinElmer website after the event and will be available for 90 days following.

About PerkinElmer

PerkinElmer, Inc. is a global leader focused on innovating for a healthier world. The Company reported revenue of approximately $5.0 billion in 2021, has more than 16,000 employees serving customers in 190 countries, and is a component of the S&P 500 Index. Additional information is available at www.perkinelmer.com.

Investor Relations:
Steve Willoughby
(781) 663-5677
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Media Relations:
Chet Murray
(781) 663-5728
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• Proposed transaction would strengthen EDF’s leadership in the French nuclear sector with GE’s technology and services in nuclear conventional islands, including its Arabelle steam turbines
• Furthers GE’s continued efforts to focus its portfolio; GE retains services-focused Steam Power business, including nuclear services in the Americas, and GE Hitachi Nuclear Energy

BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) and EDF announced today that they have signed an exclusive agreement for EDF to acquire part of GE Steam Power’s nuclear power activities. The proposed transaction would bring together GE’s nuclear steam turbine technology and services expertise with EDF strengthening its commitment to the nuclear power sector, creating an industry-leading global steam turbine equipment and services provider within EDF Group. Today, GE Steam Power’s nuclear steam turbines are installed in half of the world's nuclear power plants, including in all of EDF’s nuclear plants in France.

The proposed transaction includes GE Steam Power’s conventional island equipment for new nuclear power plants—including the world’s most powerful steam turbine in operation, the Arabelle turbine, as well as maintenance and upgrades for existing nuclear power plants. The transaction would also include steam turbine technology for future nuclear plants, like the next generation of European pressurized reactors (EPR2) and small modular reactors (SMR).

GE would retain a services-focused Steam Power business and continue to provide best-in-class services for more than 100GW of nuclear turbine islands in the Americas region, and it also retains GE Hitachi Nuclear Energy, a leading lifecycle provider for reactor islands, which will deploy Canada's first commercial, grid-scale SMR. GE remains committed to the nuclear sector and continues to invest in next-generation technology, which plays an important role in today’s energy transition.

The nuclear activities and teams in scope of the proposed transaction are based in about fifteen countries, with nearly 70 percent of the workforce in France, including at GE Steam Power manufacturing sites like Belfort and La Courneuve.

GE Chairman and CEO H. Lawrence Culp, Jr., said, “This plan supports GE’s efforts to focus our portfolio to be a best-in-class services partner to our Steam Power customers through the energy transition. Nuclear plays an important role in the energy transition, and GE will continue to support the industry through servicing our nuclear steam turbine fleet in the Americas as well as through GE Hitachi Nuclear Energy’s nuclear reactors, fuels, and services, including our SMR technology.”

Jean-Bernard Lévy, Chairman and Chief Executive Officer of EDF, said: “The climate emergency is reaffirming the role of nuclear energy. EDF is proud to contribute to the achievement of carbon neutrality by preserving this technology. This plan to acquire part of GE Steam Power’s nuclear activities including the Arabelle turbine will enable EDF to strengthen its key technologies and skills for the nuclear fleet in operation and for new nuclear projects in France and worldwide.”

Financial terms of the proposed transaction were not disclosed. The proposed transaction is subject to consultation with employee representatives and other customary closing conditions, including regulatory requirements. The transaction is expected to close in the first half of 2023.

Caution Concerning Forward-Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see https://www.ge.com/investor-relations/important-forward-looking-statement-information, as well as our SEC reports. We do not undertake to update our forward-looking statements.

About GE

GE (NYSE:GE) rises to the challenge of building a world that works. For more than 125 years, GE has invented the future of industry, and today the company’s dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. GE’s people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE’s mission and deliver for its customers. www.ge.com

About GE Steam Power

GE Steam Power offers a broad portfolio of technologies and services predominately for nuclear and coal power plants helping customers deliver reliable power as they transition to a lower carbon future. With more than 30% of the world’s steam turbine installed capacity and 50% of the world's steam turbines operating in nuclear power plants, GE Steam Power’s technologies and services can be applied to power plants that produce more than half of the world’s electricity today.

About EDF

A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix mainly based on nuclear power renewable energy (hydropower) and invests in new technologies to support the energy transition energy. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group is involved in supplying energy and services to approximately 37.9 million customers (1), including 28.7 million in France (2). It generated consolidated sales of €69 billion in 2020. EDF is listed on the Paris Stock Exchange.

(1) As of 2018, customers are counted by delivery site; a customer may have two delivery points: one for electricity and another for gas.
(2) Including ÉS (Électricité de Strasbourg).

GE Investor Contact
Steve Winoker
617.443.3400
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GE Media Contacts
Andrea Doane
41.79.554.7013
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Mary Kate Mullaney
202.304.6514
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EDF Investor Contact
01 40 42 40 38

EDF Media Contact
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01 40 42 46 37

DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China CNG Supply Map Analyst Edition" map has been added to ResearchAndMarkets.com's offering.

The map introduces the latest status of China's 706+ CNG Plants

Map Details

• Map Size: 250 x 150 cm
• Map Language: English
• Shipping Format: Rolled

Map Features

• Unprecedented Make-to-Order mapping technology enables your maps to be exported directly from our daily-updated database. This helps you to get the most latest project situation exactly on the day your order is placed;
• Super large size (250x150cm) of the map allows more details which show the exact project locations so that the map would not be again a bunch of unrecognized dots and lines;
• 9 inset maps help to further amplify key project areas;
• Subscriber's company name will be added into the map, right below the map's name title.

Industry Statistics Tables

• Table of China's CNG plants introduces each project's name, province, city, status, company;
• China's Natural Gas Balance Sheet Table: China's total natural gas available for consumption (output, imports, exports, stock changes in the year); total consumption (by main industry sectors) and balance. LNG data is included since 2010;
• China's Gas Production by Provinces Table: Each year's data include China's natural gas production figures by provinces, approximately 33 columns;
• China's Gas Production by Major Oil Companies Table: Each year's data include China's natural gas production figures by major oil companies;
• China's Natural Gas Consumption by Industries: China's natural gas consumption figures by 51 industry sectors;
• China's Natural Gas Consumption by Provinces: Each year's data include China's natural gas consumption figures (LNG statistics since 2010) by provinces, approximately 33 columns;
• China's Natural Gas Supply in Cities by Provinces: Each year's data include China's natural gas supply figures in cities by provinces, approximately 33 columns;
• China's Natural Gas Gasified City Population by Provinces: Each year's data include China's population gasified by natural gas in cities by provinces, approximately 33 columns.

Inset Maps

• Beijing and Tianjin
• Downstream Areas of Yangtze River
• Xi'an and Xianyang, Shaanxi Province
• Wuhan, Hubei Province
• Zhengzhou - Jincheng Region
• Western Shandong Province
• Shijiazhuang - Central Shanxi Province
• Shenyang - Liaoyang Region
• Changchun - Siping Region

Map Samples

• Map Overview
• Amplified View
• Amplified Map Legend

For more information about this map visit https://www.researchandmarkets.com/r/e3yejc

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900

DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China Natural Gas Map (Henan) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.

The map introduces the latest status of 1162+ natural gas project in China's Henan province, including franchised city gas zones, gas pipelines, key distribution stations, LNG plants, LNG Satellite Stations, CNG plants, key power users, key chemical users, conventional gas fields/blocks, shale gas E&P projects, underground gas storages, coal-based SNG plants;

Map Details:

• Map Size: 175 x 150 cm
• Map Language: English
• Shipping Format: Rolled

Map Features

• Unprecedented Make-to-Order mapping technology enables your maps to be exported directly from our daily-updated database. This helps you to get the most latest project situation exactly on the day your order is placed;
• Over 605 gas flow arrows appear alongside main pipelines in the map;
• Super large size (175x150cm) of the map allows more details which show the exact project locations so that the map would not be again a bunch of unrecognized dots and lines;
• Subscriber's company name will be added into the map, right below the map's name title.

Projects in this Map (the exact project number is subject to the date your map is tailor-made)

• 256+ franchised city gas zones
• 266+ gas pipelines
• 460+ key distribution stations
• 6+ conventional gas fields/blocks
• 2+ shale gas E&P projects
• 5+ underground gas storages
• 8+ coal-based SNG plants
• 20+ LNG plants
• 69+ LNG satellite stations
• 50+ CNG plants
• 14+ key gas power users
• 6+ key gas chemical users

Tables in this Map

• Henan Province's Franchised City Gas Zones Table introduces the province's franchised territories, superior prefecture city, status, company;
• Henan Province's Gas Pipelines Table introduces each main gas pipelines by name, main area, status and company;
• Henan Province's LNG Plants, LNG Satellite Stations Table introduces each LNG projects by project name, province, city, status and company;
• Henan Province's CNG Plants Table introduces each CNG projects by name, province, city, status and company;
• Henan Province's Main Power/Chemical Users Table introduces each gas power/chemical projects by project name, province, city, status and company.

For more information about this map visit https://www.researchandmarkets.com/r/zaeyh4

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

• Company begins conducting FAA testing, marking Joby’s first entry into implementation phase of type certification process
• Demonstrates maturity of Company’s production and quality systems
• Partnering with Toray to qualify new lightweight composite material ideal for eVTOL aircraft

SANTA CRUZ, Calif.--(BUSINESS WIRE)--$JOBY--Joby Aviation, Inc. (NYSE:JOBY), a California-based company developing all-electric aircraft for commercial passenger service, today announced the Company has begun Federal Aviation Administration (FAA) conformity testing, a key milestone on the path to achieving type certification for its aircraft.

The start of conformity testing is a significant moment for Joby as the Company’s aircraft type certification program enters the “implementation phase” for the first time.

Joby’s first series of conformity tests, observed and documented by an on-site FAA Designated Engineering Representative (DER), were completed this week at Toray Advanced Composites USA’s facility in Morgan Hill, CA.

The testing, developed by Joby engineers, is designed to confirm the material strength of composite coupons that are representative of the aerostructure of Joby’s aircraft. The resulting compliance data will form the foundation for future testing of structural components of the aircraft as Joby progresses through the type certification process.

Each system and structure of the Joby aircraft will enter the implementation phase and begin conformity testing following completion and approval of requirements definition and compliance planning. During this phase, Joby will complete thousands of inspections and tests to demonstrate the airworthiness and safety of its aircraft before receiving a type certificate from the FAA.

“After years of development and company testing, we’re excited to formally begin the process of conformity testing,” said JoeBen Bevirt, founder and CEO of Joby. “We began engaging with the FAA in 2015 to lay the groundwork for certification of our aircraft, and today we move closer to bringing fast, clean and convenient aerial ridesharing to the world.”

In November, Joby completed its first FAA part conformity inspection as expected, confirming that the batch of test coupons used in the “for credit” testing conformed to the attributes and specifications of their associated design data and as intended for the aircraft’s type certification.

The coupons, constructed using a toughened epoxy and state-of-the-art carbon fiber, result in a material that is lighter and stronger than existing aerospace-grade composites, making it ideal for a high-performance eVTOL aircraft.

“Entering this stage of testing demonstrates that we’re capable of manufacturing composite parts in accordance with their design, our quality system is capable of producing conforming composite parts for the aircraft, and that we have the requisite traceability and design verification processes in place to progress toward our type and production certifications,” said Lina Spross, quality and supply chain lead at Joby.

In 2020, Joby became the first and only eVTOL company to sign a G-1 (stage 4) certification basis with the FAA, having received an initial (stage 2) signed G-1 from the FAA in 2019. In parallel with this work, the Company continues to make progress with the FAA on defining the means of compliance that will apply to its aircraft as it progresses with certification efforts.

ABOUT JOBY AVIATION

Joby Aviation, Inc. (NYSE:JOBY) is a California-headquartered transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which has a maximum range of 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs around 1,000 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington, D.C. and Munich, Germany. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft including our initial plant capacity and regulatory outlook; our business plan, objectives, goals and market opportunity; and our current expectations relating to our business, financial condition, results of operations, prospects and capital needs. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, "expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our limited operating history and history of losses; our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our plans to operate a commercial passenger service beginning in 2024; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on a third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for its aircraft and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Registration Statement on Form S-1 (File No. 333-260608), filed with the Securities and Exchange Commission on October 29, 2021, and in other reports we file with or furnish to the Securities and Exchange Commission. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this press release. While Joby may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.

Investors
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+1-831-201-6006

Media
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• Revenue CAGR ~60 percent 2017-2021
• Targeted revenue growth of 40‒45 percent in FY2022
• Funding for M&A, organic growth
• Targeted mid-term operational EBITDA margin 15-20 percent
• Michael Halbherr appointed Chairman

ZURICH--(BUSINESS WIRE)--ABB E-mobility will host its virtual Capital Markets Day today, February 10, 2022, starting at 2pm CET. Frank Mühlon, CEO, and Alex Hall, CFO of ABB’s E-mobility division, as well as other members of the executive team, will give an insight into its product offering, including electric vehicle charging products, digital services and advanced energy and fleet management solutions, as well as its growth strategy.

“We are a leader in building a zero-emission future, with smart and reliable electric vehicle charging solutions. We are perfectly aligned to the current E-mobility trends and see massive market opportunities driven by the global electrification and digitalization agendas of countries, corporations and individuals,” said Mühlon.

According to external estimates¹, roughly 130 million new electric vehicles are expected on roads in key markets² from 2021 to 2030, while some $590 billion in investment in EV charging infrastructure is required from 2021 to 2040 to meet global emission targets.

ABB entered the EV-charging market in 2010 and today is a world leader in EV charging solutions having sold more than 680,000 electric vehicle chargers across more than 85 markets: over 30,000 DC fast chargers and 650,000 AC chargers. It has a portfolio of EV charging hardware for cars through to public transport and heavy-duty vehicles, software and services with a variety of B2B and B2C networked solutions and fleet management platforms.

Over the last four years, ABB’s E-mobility division achieved a compound annual growth (CAGR) rate in its revenues of about 60 percent, driven by accelerating order growth across all customer segments and strategic acquisitions across targeted geographies. So far this year, ABB has announced the acquisition of a controlling interest in InCharge Energy, a North American electric vehicle (EV) commercial charging infrastructure solutions company, and increased its existing controlling stake in Chargedot, a leading Chinese e-mobility solution provider.

The business is targeting revenue growth of 40-45 percent in 2022 after achieving $323 million in revenues in 2021, backed by a significant order intake and resulting order backlog. In the mid-term, ABB expects revenues to outperform the market by growing 25-30 percent per year. To support its ongoing growth story, the company has a funding need of approximately $750 million to finance acquisitions and organic growth investments.

In terms of profitability, the division is expecting an operational EBITDA margin around break-even in 2022 as the focus remains on investing heavily in growth. In the mid-term, an operational EBITDA margin of 15-20 percent is targeted driven by operating leverage, as well as a different portfolio mix as the company’s software solutions and digital services offering grow.

ABB E-mobility aims to migrate from a hardware-focused business towards a balance with software and digital services, offering customers access to fully integrated end-to-end platforms, with the aim of securing higher gross margins and recurring revenues.

Digital solutions enable customers to efficiently maintain and manage a charging network. Meanwhile, advanced energy and fleet management offerings help customers to optimize the performance of both chargers and their EVs, while enabling lower cost of ownership. Last year, ABB’s digital e-mobility venture, PANION, together with Amazon Web Services (AWS) launched the test phase of their first jointly developed, cloud-based solution, designed for the real-time management of electric vehicle (EV) fleets and charging infrastructure.

ABB has been one of the first movers to bring innovations to the EV charging market, including the liquid cooling applied to cables for high-power chargers, bi-directional charging with frequency containment reserve that means EV drivers can export surplus power back to the grid, as well as the launch of the Terra 360 kW – the world’s fastest EV charger.

Since 2017, ABB has invested $256 million in the E-mobility business. A culture of innovation is driven by over 350 R&D experts, who are part of a total workforce of approximately 1,000. Its five production hubs are in the US, China, Poland, Hungary and Italy – its largest plant, which will be fully operational in mid-2022. In addition, it has eight R&D sites worldwide and has more than 350 patents granted.

Two exciting projects in development include supporting the electrification of long-range trucks by developing a new standard megawatt charging system (MCS), which will support up to 3MW. The first systems have already been sold to leading truck OEMs. Furthermore, ABB is developing a dedicated liquid cooled charger for the Chinese market with dynamic load allocation and up to four dispensers, enabling a charging speed of up to 200 km of range in five minutes.

As part of the strategy to fund future growth, a separate legal entity for this business - ABB E-mobility Holding AG - has been created, to which, Michael Halbherr (57) has been appointed Chairman. Swiss national Halbherr started his career at Boston Consulting Group and has been CEO of mobile maps and navigation pioneer gate5, which was acquired by Nokia. He then became part of Nokia’s leadership team, running their Services business unit and then HERE Technologies as a CEO, which was sold later to a consortium of German automotive companies to serve as the foundation for the autonomous driving revolution. He is currently a founder, investor and board member of several start-up technology companies, as well as a Board Member of Zurich Insurance Group and Vontobel Holding of Switzerland.

Note to editors: A link to the Capital Markets Day presentation can be accessed on the ABB Investor Relations website from 2:00pm CET.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

Important notice about forward-looking information

This press release includes forward-looking information and statements which are based on current expectations, estimates and projections about the factors that may affect our future performance, including the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as “anticipates”, “expects,” “believes,” “estimates,” “plans”, “targets”, “aims” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets or anticipated transactions. Some important factors that could cause such differences include, among others, business risks associated with the COVID-19 pandemic, the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. The foregoing list of factors is not exclusive and undue reliance should not be placed upon any forward-looking statements, including projections, which speak only as of the date made.

Important notice about financial information

Certain financial information of ABB E-mobility for the years 2019, 2020 and 2021 presented herein has been prepared in accordance with U.S. GAAP, is in draft form, and remains subject to completion and amendment. Such financial information has been prepared on a combined carve-out basis from the consolidated financial statements of ABB Ltd. and therefore may not necessarily be representative of past results. Certain financial data included in this press release consist of non-U.S. GAAP financial measures. These non-U.S. GAAP financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with U.S. GAAP. You are cautioned not to place undue reliance on any non-U.S. GAAP financial measures and ratios included herein. In addition, the financial information contained herein has not been audited, confirmed or otherwise covered by a report by independent accountants and, as such, actual data could vary, possibly significantly, from the data set forth herein.

¹ Roland Berger and Bloomberg New Energy Outlook (BNEF)
² 18 ABB E-mobility core countries (Belgium, Canada, China, Denmark, Finland, France, Germany, Italy, India, Japan, Luxembourg, Netherlands, Norway, Singapore, Spain, Sweden, UK, US)

For more information please contact:

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
Media Relations
Phone: +41 43 317 71 11
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or
Investor Relations
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• Solution opens potential for medium to long-haul routes of 2500 km for 19 to 100 passenger aircraft
• Distributed propulsor nacelles on the wings increase safety and free-up valuable fuselage space

AUSTIN, Texas & TOULOUSE, France--(BUSINESS WIRE)--#aviation--H3 Dynamics has successfully completed the world’s first fully integrated hydrogen-electric propulsion aircraft nacelle, the core enabling power solution for propulsion of future hydrogen aircraft designs.

In the coming years, such a distributed hydrogen electric propulsion architecture could fly 19, 80 or even over 100 passengers, allowing airlines to cover medium and long-haul routes over 2500 km, beyond the short-haul flight distances targeted by emerging battery-based aircraft.

Instead of a single centralized hydrogen fuel cell system, H3 Dynamics distributes multiple integrated powertrains incorporating batteries, fuel cells, hydrogen storage, and smaller electric motors across the wings. This means the size of each fuel cell system, hybrid battery pack, and heat management challenges all become smaller, making systems more manageable and safer.

In 2018, H3 Dynamics filed international patents for full-scale distributed hydrogen propulsion and announced plans for “Element One”, a visionary hydrogen aircraft that applies this technology. Two years later a global hydrogen aviation movement was born: industry leaders announced new hydrogen aircraft plans and startups formed in a new race to the skies.

“Today’s announcement marks a key milestone for H3 Dynamics and the broader aviation industry,” stated Founder and CEO Taras Wankewycz. “It’s the world’s first real-working propulsion system capable of being distributed on the wings of new zero emission aircraft.”

H3 Dynamics has been working alongside the realities of safety certification timelines and entering the market with lower risk, reduced weight unmanned platforms, progressing step by step towards heavier cargo and manned platforms.

H3 Dynamics’ new hydrogen propulsion systems will begin flight tests in France in the coming weeks.

About H3 Dynamics: www.h3dynamics.com

H3 Dynamics is on a mission to decarbonize aviation with a unique solution focused on distributed hydrogen-electric propulsion. The company is implementing an incremental roadmap with 3 key steps, first scaling revenue with autonomous aerial analytics services, then moving to autonomous hydrogen aerial cargo solutions, and powering passenger flight as a final step. The company currently has 80 employees and services clients globally from its 3 regional headquarters in Austin, Singapore, and Paris.

MEDIA:
Taras Wankewycz
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+33 6 61 02 65 94

DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: China Natural Gas Map (Hunan) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.

The map introduces the latest status of 662+ natural gas project in China's Hunan province, including franchised city gas zones, gas pipelines, key distribution stations, LNG plants, LNG Satellite Stations, LNG receiving terminals, CNG plants, key power users, shale gas E&P projects;

Map Details

• Map Size: 150 x 190 cm
• Map Language: English
• Shipping Format: Rolled

Map Features

• Unprecedented Make-to-Order mapping technology enables your maps to be exported directly from our daily-updated database. This helps you to get the most latest project situation exactly on the day your order is placed;
• Over 362 gas flow arrows appear alongside main pipelines in the map;
• Super large size (150x190cm) of the map allows more details which show the exact project locations so that the map would not be again a bunch of unrecognized dots and lines;
• Subscriber's company name will be added into the map, right below the map's name title.

Projects in this Map (the exact project number is subject to the date your map is tailor-made)

• 161+ franchised city gas zones
• 161+ gas pipelines
• 204+ key distribution stations
• 15+ shale gas E&P projects
• 1+ LNG receiving terminals
• 5+ LNG plants
• 93+ LNG satellite stations
• 16+ CNG plants
• 6+ key gas power users

Tables in this Map

• Hunan Province's Franchised City Gas Zones Table introduces each franchised territories, superior prefecture city, status, company;
• Hunan Province's Gas Pipelines Table introduces each main gas pipelines by project name, main area, status and company;
• Hunan Province's LNG Terminals, Plants, Satellite Stations Table introduces each LNG projects by name, province, city, status and company;
• Hunan Province's CNG Plants Table introduces each CNG projects by project name, province, city, status and company;
• Hunan Province's Main Gas Power Users Table introduces each gas power projects by project name, province, city, status and company.

For more information about this map visit https://www.researchandmarkets.com/r/4jw366

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

• Recorded GAAP losses were $0.05 per share for the year and GAAP earnings were $0.22 per share for the fourth quarter of 2021, compared to losses of $1.05 and earnings of $0.09, respectively, per share for the same periods in 2020.
• Non-GAAP core earnings were $1.08 per share for the year and $0.28 per share for the fourth quarter of 2021, compared to $1.61 and $0.21, respectively, per share for the same periods in 2020.
• Non-GAAP core earnings were consistent with guidance for the year when adjusted for potentially dilutive securities, landing at $1.00 per share.
• 2022 EPS guidance initiated for GAAP earnings in the range of $0.89 to $1.23 and non-GAAP core earnings in the range of $1.07 to $1.13 per share.
• On February 8, 2022, Pacific Gas and Electric Company declared payment of all cumulative and unpaid dividends on its preferred shares as of January 31, 2022 and dividends that will be accrued through April 30, 2022, payable on May 13, 2022 and May 15, 2022, respectively, to shareholders of record on April 29, 2022.
• Completed Enhanced Vegetation Management work on 1,983 miles of powerlines in extreme or elevated fire-risk areas, exceeding goal by 10%.

SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation (NYSE: PCG) recorded full-year losses of $102 million, or $0.05 per share and fourth-quarter 2021 income available for common shareholders of $472 million, or $0.22 per share, as reported in accordance with generally accepted accounting principles (GAAP). This compares with losses attributable to common shareholders of $1.3 billion, or $1.05 per share, for the full year of 2020 and income available for common shareholders of $200 million, or $0.09 per share, for the fourth quarter of 2020.

GAAP results include non-core items that management does not consider representative of ongoing earnings, which totaled $2.2 billion after tax, or $1.13 per share, for the year. These results were primarily driven by costs related to the amortization of Wildfire Fund contributions under Assembly Bill (AB) 1054, PG&E Corporation’s and Pacific Gas and Electric Company’s (Utility) reorganization cases under Chapter 11 of the U.S. Bankruptcy Code (Chapter 11), 2019-2020 wildfire-related costs, investigation remedies, and prior period net regulatory recoveries.

“Our performance in 2021 confirms my confidence in our future,” said Patti Poppe, CEO of PG&E Corporation. “We met our commitments for the year, and we intend to do so again in 2022. We are a safer company than we were before. And we will use our new operational and organizational structures to build on that progress every day, making investments to produce triple-bottom-line results for people, the planet, and California’s prosperity.”

Non-GAAP Core Earnings

PG&E Corporation’s non-GAAP core earnings, which exclude non-core items, were $2.1 billion, or $1.08 per share (or $1.00 per share on a fully diluted basis), for the full year 2021, compared with $2.0 billion, or $1.61 per share, during the same period in 2020. For the fourth-quarter, non-GAAP core earnings were $596 million, or $0.28 per share, compared with $441 million, or $0.21 per share, during the same period in 2020.

The increase in quarter-over-quarter non-GAAP core earnings per share was primarily driven by regulatory items, timing of taxes, cost reduction, and timing of nuclear refueling outages, partially offset by growth in rate base earnings and unrecoverable interest expense.

PG&E Corporation uses “non-GAAP core earnings,” which is a non-GAAP financial measure, in order to provide a measure that allows investors to compare the underlying financial performance of the business from one period to another, exclusive of non-core items. See the accompanying tables for a reconciliation of non-GAAP core earnings to consolidated earnings (loss) attributable to common shareholders.

2022 Guidance

PG&E Corporation is initiating 2022 GAAP earnings guidance in the range of $0.89 to $1.23 per share, which includes non-core items. PG&E Corporation is initiating 2022 non-core items guidance in the range of $(210) million to $380 million after tax, reflecting costs related to the amortization of Wildfire Fund contributions under AB1054, PG&E Corporation’s and Utility’s reorganization cases under Chapter 11, investigation remedies, and 2019-2020 wildfire-related costs, partially offset by rate neutral securitization and Fire Victim Trust tax benefit and prior period net regulatory recoveries.

On a non-GAAP basis, the guidance range for projected 2022 core earnings is initiated at $1.07 to $1.13 per share. Factors driving non-GAAP core earnings include unrecoverable interest expense of $330 million to $370 million after tax and other earnings factors, including AFUDC equity, incentive revenues, tax benefits, and cost savings, net of below-the-line costs.

Guidance is based on various assumptions and forecasts, including those relating to authorized revenues, future expenses, capital expenditures, rate base, equity issuances, rate neutral securitization, and certain other factors.

Preferred Stock Dividend Information

On February 8, 2022, the Utility declared payment of all cumulative and unpaid dividends on the Utility’s preferred stock as of January 31, 2022 totaling $59.1 million payable on May 13, 2022 to holders of record on April 29, 2022 and declared a dividend on the Utility’s preferred stock totaling $3.5 million that will be accrued during the three-month period ending April 30, 2022 payable on May 15, 2022 to holders of record on April 29, 2022.

The Utility will pay dividends on its eight series of preferred stock as follows:

To be eligible for the preferred dividend payment, a shareholder must have purchased the stock at least one trading day before the applicable record date.

Supplemental Financial Information

In addition to the financial information accompanying this release, presentation slides have been furnished to the Securities and Exchange Commission (SEC) and are available on PG&E Corporation’s website at: http://investor.pgecorp.com/financials/quarterly-earnings-reports/default.aspx.

Earnings Conference Call

PG&E Corporation will also hold a conference call on February 10, 2022, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its fourth quarter 2021 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website.

What: Fourth Quarter 2021 Earnings Call

When: Thursday, February 10, 2022 at 11:00 a.m. Eastern Time

Where: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx

A replay of the conference call will be archived through February 17, 2022 at http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx.

Alternatively, a toll-free replay of the conference call may be accessed shortly after the live call through February 17, 2022, by dialing (800) 585-8367. International callers may dial (416) 621-4642. For both domestic and international callers, the confirmation code 6580027 will be required to access the replay.

Public Dissemination of Certain Information

PG&E Corporation and the Utility routinely provide links to the Utility’s principal regulatory proceedings with the CPUC and the Federal Energy Regulatory Commission (FERC) at http://investor.pgecorp.com, under the “Regulatory Filings” tab, so that such filings are available to investors upon filing with the relevant agency. PG&E Corporation and the Utility also routinely post, or provide direct links to, presentations, documents, and other information that may be of interest to investors at http://investor.pgecorp.com, under the “Chapter 11,” “Wildfire and Safety Updates” and “News & Events: Events & Presentations” tabs, respectively, in order to publicly disseminate such information. It is possible that any of these filings or information included therein could be deemed to be material information.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com.

Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and the Utility, including but not limited to earnings guidance for 2022. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and the Utility’s joint annual report on Form 10-K for the year ended December 31, 2021 and other reports filed with the SEC, which are available on PG&E Corporation's website at www.pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and PG&E undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.

Investor Relations Contact: 415.972.7080 | Media Inquiries Contact: 415.973.5930 | www.pgecorp.com

DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China Natural Gas Map (Jiangsu) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.

The map introduces the latest status of 1119+ natural gas project in China's Jiangsu province, including franchised city gas zones, gas pipelines, key distribution stations, conventional gas fields/blocks, LNG plants, LNG Satellite Stations, LNG receiving terminals, CNG plants, key power users, key gas chemical users, shale gas E&P projects, underground gas storages, coal gas methanation plants.

Map Details

• Map Size: 160 x 150 cm
• Map Language: English
• Shipping Format: Rolled

Map Features

• Unprecedented Make-to-Order mapping technology enables your maps to be exported directly from our daily-updated database. This helps you to get the most latest project situation exactly on the day your order is placed;
• Over 670 as flow arrows appear alongside main pipelines in the map;
• Super large size (160x150cm) of the map allows more details which show the exact project locations so that the map would not be again a bunch of unrecognized dots and lines;
• Subscriber's company name will be added into the map, right below the map's name title.

Projects in this Map (the exact project number is subject to the date your map is tailor-made)

• 173+ franchised city gas zones
• 293+ gas pipelines
• 347+ key distribution stations
• 1+ conventional gas fields/blocks
• 1+ shale gas E&P projects
• 10+ underground gas storages
• 5+ coal gas methanation plants
• 13+ LNG receiving terminals
• 9+ LNG plants
• 150+ LNG satellite stations
• 35+ CNG plants
• 76+ key gas power users
• 6+ key gas chemical users

Tables in this Map

• Jiangsu Province's Franchised City Gas Zones Table introduces each franchised territories, superior prefecture city, status, company;
• Jiangsu Province's Gas Pipelines Table introduces each main gas pipelines by project name, main area, status and company;
• Jiangsu Province's LNG Terminals, Plants, Satellite Stations Table introduces each LNG projects by name, province, city, status and company;
• Jiangsu Province's CNG Plants Table introduces each CNG projects by project name, province, city, status and company;
• Jiangsu Province's Main Gas Power Users Table introduces each gas power projects by project name, province, city, status and company.

For more information about this map visit https://www.researchandmarkets.com/r/7qkuyk

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• SES Korea formed, with plans to build a pre-production facility in South Korea
• SES Korea joins SES Shanghai Giga and SES Boston to accelerate A-sample joint development with GM, Hyundai and Honda, on heels of capital raise from recent business combination and listing on NYSE
• Cash raised by recent listing on the NYSE is expected to enhance SES growth plans

BOSTON--(BUSINESS WIRE)--$SES--SES AI Corporation (NYSE: SES), headquartered in Boston, a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, announced today that it has incorporated its subsidiary SES Korea and plans to build a pre-production facility in South Korea.

“It’s all about speed and winning the race. Momentum is building as additional auto OEMs want to establish arrangements for the joint development of A-sample batteries with SES. Having SES Boston, Shanghai Giga, and now SES Korea gives us access to deep talent pools and the highly efficient ecosystems in South Korea and China, the two industry powerhouses, as well as unparalleled chemistry and software capabilities in the United States. We also believe that the cash raised by our recent business combination with Ivanhoe Capital Acquisition Corp. and our listing on the New York Stock Exchange will help us to accelerate these developments,” said Dr. Qichao Hu, Founder and CEO of SES.

SES Korea will be SES’s second major operation outside of the United States, after SES Shanghai Giga. SES Korea expects to have approximately 50 employees by the end of 2022. South Korea is home to several of SES’s important strategic partners including Hyundai Motor Company (Hyundai), SK Inc. (SK) and LG Corporation.

South Korea has a strong battery supply chain and a deep talent pool. SES Korea and SES Shanghai Giga will focus on different aspects of supply chain development and different A-sample joint development with auto OEMs.

SES has automotive A-sample joint development agreements (JDAs) with General Motors Company (GM), Hyundai, and Honda Motors (Honda). SES is backed by strategic investors including GM, Hyundai, Honda, Geely Auto Group, SAIC Motor, SK, Koch, Applied Materials, Inc., Tianqi Lithium HK Co. Ltd., Vertex Ventures Holdings, Temasek Holdings Limited, affiliates of LG and Foxconn Technology Group and several others.

“The incorporation of SES Korea marks another milestone in our quest to build on SES’s position as a global leader in the development and manufacturing of high-performance Li-Metal batteries for EVs. South Korea is a powerhouse of EV battery development, so we couldn’t be in a better position in terms of having a long-term base in Korea where we will contribute to the development of cell manufacturing equipment and process development, joint development with auto OEMs, and supply chain development,” said Hans Kim, Vice President & Head of SES Korea.

About SES

SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul.

Forward-looking statements

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding SES’s or its management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “project,” “forecast,” “predict,” “possible,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” and other similar expressions that predict or indicate future events or trends that are not statements of historical matters may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on SES’s current expectations and beliefs concerning future developments and involve a number of risks, uncertainties (some of which are beyond SES’s control) or other assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; the failure to realize the anticipated benefits of the business combination with Ivanhoe Capital Acquisition Corp., which closed on February 3, 2022 (the “Business Combination”); risks relating to the uncertainty of the projected financial information with respect to SES; risks related to the development and commercialization of SES’s battery technology and the timing and achievement of expected business milestones; the effects of competition on SES’s business; the risk that the Business Combination disrupts current plans and operations of SES as a result of the consummation of the business combination; the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; risks relating SES’s history of no revenues and net losses; the risk that SES’s joint development agreements and other strategic alliances could be unsuccessful; risks relating to delays in the design, manufacture, regulatory approval and launch of SES’s battery cells; the risk that SES may not establish supply relationships for necessary components or pay components that are more expensive than anticipated; risks relating to competition and rapid change in the electric vehicle battery market; safety risks posed by certain components of SES’s batteries; risks relating to machinery used in the production of SES’s batteries; risks relating to the willingness of commercial vehicle and specialty vehicle operators and consumers to adopt electric vehicles; risks relating to SES’s intellectual property portfolio; the ability of the combined company to issue equity or equity-linked securities or obtain debt financing in the future; and those factors discussed under the heading “Risk Factors,” in the definitive proxy statement/prospectus relating to the Business Combination, and other documents of SES filed, or to be filed, with the SEC. There may be additional risks that SES does not presently know or that SES currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SES’s expectations, plans or forecasts of future events and views only as of the date of this press release. SES anticipates that subsequent events and developments will cause its assessments to change. However, while SES may elect to update these forward-looking statements at some point in the future, SES specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing SES’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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LAS VEGAS--(BUSINESS WIRE)--$AGH #AmosKohn--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (the “Company”), announced today that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has partnered with The Glen Centre, in Los Angeles, Calif. to expand the property’s electric vehicle charging capabilities for its thousands of annual visitors. The electrification project is expected to be complete by March 2022 and will feature TurnOnGreen’s commercial network level 2 charger, the EVP700G, installed in the main parking lot. Drivers will be able to locate the chargers using the TurnOnGreen mobile application and initiate a charging session with the app, QR code, or RFID card. The TurnOnGreen mobile application is available for download on the App Store for iPhone users and Google Play for Android users.

The Glen Centre, a premier Southern California shopping destination, has served the communities of Sherman Oaks, Beverly Hills, West Los Angeles, and Bel Air since 1978. The property features 25 retail locations, including six restaurants, a supermarket, and the world-famous Herb Albert’s Vibrato jazz club. Conveniently located between West Los Angeles and the San Fernando Valley, The Glen Centre offers a five-star shopping and dining experience with an EV charging infrastructure ideal for drivers seeking an opportunity to charge.

“We are excited to partner with the Glen Centre in order to provide their guests access to EV charging solutions that will help promote zero-emission travel throughout this historic region of Los Angeles,” said Marcus Charuvastra, Chief Revenue Officer for TurnOnGreen. “As we expand our commercial charging programs throughout North America, TurnOnGreen will continue to provide businesses with the opportunity to monetize their parking spaces while meeting their sustainability goals.”

According to the United States Department of Energy Alternative Fuels Data Center, there are 46,000 public charging stations in the U.S. and 1.8 million EVs on the road. The Edison Electric Institute estimates that there will be 22 million EV’s on U.S. roads by 2030 and will make up more than 27% of annual U.S. light-duty vehicle sales.

For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.

For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

About TurnOnGreen, Inc.

TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.

Forward-Looking Statements

This press release contains “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 generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. 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. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.

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WYOMISSING, Pa.--(BUSINESS WIRE)--#EDL--Pennant Midstream, LLC (“Pennant”), announced that the company has signed a series of agreements throughout 2021 with a subsidiary of Energy Developments Pty Ltd (“EDL”) headquartered in Brisbane, Australia to accept delivery of renewable natural gas (“RNG") into its natural gas gathering system. Pennant is a partnership between UGI Energy Services, LLC (“UGIES”), which is a subsidiary of UGI Corporation (NYSE: UGI), Harvest Midstream I, L.P, and a subsidiary of Williams Companies.

Under the agreements, Pennant will transport the RNG from the Carbon Limestone Landfill located near Youngstown, OH through its existing system and redeliver the gas to EDL’s downstream markets. The Carbon Limestone Landfill gas, a byproduct of naturally decomposing materials in the landfill, will be processed and conditioned by EDL’s largest North American RNG facility to meet Pennant’s gas quality requirements.

The project is scheduled to become operational in early 2023. When fully operational, the Pennant system will take up to 6,500 Mcf (thousand cubic feet) per day of RNG supply. Under a separate agreement, UGIES will manage construction of an interconnecting pipeline and interconnection with Pennant.

Moving this RNG supply to market through EDL and Pennant’s system will provide benefits to the company and to local communities. From an environmental perspective, accepting delivery of the RNG from Carbon Limestone Landfill will reduce CO₂ emissions that would otherwise occur by up to approximately 127,500 metric tons per year. This CO₂ reduction equates to removing the emissions from more than 27,700 passenger vehicles over the course of a calendar year.

“Agreements like the one announced today enable UGIES to utilize its best-in-class engineering and construction expertise to bring RNG to market while utilizing the existing Pennant pipeline network,” said Anthony C. Cox, President, Pennant Midstream. “This is an example of UGI and Pennant’s commitment to enabling renewable and sustainable energy projects using the breadth of our industry experience.”

“EDL has owned and operated an extensive portfolio of landfill gas to electricity plants across the United States since 1998; and in recent years, several large plants converting landfill gas to RNG,” said James Harman, Chief Executive Officer, EDL. “We are proud to leverage our waste to clean energy expertise through developments such as the Carbon Limestone RNG project, and to assist one of our key customers with their goal of de-carbonizing through renewable gas supply.”

“We are looking forward to working with EDL on this important project,” said Joseph L. Hartz, President – UGIES. “EDL has established itself as a global leader in renewable projects, including some right here in Pennsylvania. We are confident that this agreement will lead to more opportunities to work together in the future.”

About UGI Energy Services
UGI Energy Services, LLC supplies and markets natural gas, electricity and liquid fuels to approximately 42,000 residential, commercial and industrial customer locations across the mid-Atlantic and northeastern United States. UGI Energy Services also conducts UGI’s midstream natural gas business through its ownership of underground natural gas storage, gas peaking plants and pipeline assets in Pennsylvania and owns all or a portion of electric generation assets principally in Pennsylvania.

About Pennant Midstream
Pennant Midstream operates both wet and dry gas and natural gas liquid gathering pipelines in Mercer and Lawrence Counties, PA; and Mahoning and Columbiana Counties, OH. In addition, Pennant operates a 245,000 Dth/day natural gas processing plant located near New Middletown, OH. Pennant is a partnership between a subsidiary of UGI Energy Services, Harvest Midstream, and a subsidiary of Williams Companies. A subsidiary of UGIES operates the Pennant system.

About EDL
A leading global producer of sustainable distributed energy, EDL owns and operates a portfolio of 94 power stations in North America, Australia and Europe. From innovative renewable operations to clean and remote energy expertise, EDL delivers solutions to a diverse range of customers the world over.

For more information on EDL, visit https://edlenergy.com/

About UGI Corporation
UGI Corporation 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.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

UGI Corporation Investor Relations
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-992 -3202