BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a leading, diversified developer of lithium resources required to enable the U.S. electric vehicle supply chain, is pleased to announce the results of its annual meeting of shareholders held virtually on February 3, 2022 (the “Meeting“), at which the shareholders approved all motions put forward by the Company.
A total of 8,520,938 votes were cast in connection with the Company’s proxy, representing 53.69% of the issued and outstanding common shares of the Company.
All resolutions, as outlined in the Company’s proxy statement dated November 30, 2021, available on the Company’s website and at: Form DEF 14A (dd7pmep5szm19.cloudfront.net) were approved by the requisite majority of votes cast at the Meeting. The number of directors is fixed at 6. The two director nominees named in the Proxy Statement were elected to serve until the 2024 Annual Meeting of Stockholders or until their successors are duly elected and qualified.
The other seven resolutions, the appointment of the Auditors, the issuance of stock options to Mr. Keith Phillips under the Company’s Stock Plan, and the issuance of restricted stock units to Mr. Jeff Armstrong, Mr. Keith Phillips, Mr. Todd Hannigan, Mr. Jorge Beristain, Mr. Claude Demby, and Ms. Susan Jones under the Company’s Stock Plan, also passed at the meeting. Details of voting are provided in the tables that follow:
PROPOSAL 1: Election of two (2) Class I director nominees to serve until the 2024 Annual Meeting of Stockholders and until their successors are duly elected and qualified:
NOMINEE |
FOR |
WITHHOLD |
Mr. Keith Phillips |
4,080,447 |
466,300 |
Mr. Todd Hannigan |
4,020,943 |
525,804 |
PROPOSAL 2: Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending June 30, 2022:
FOR |
AGAINST |
ABSTAIN |
7,995,679 |
100,008 |
425,251 |
PROPOSAL 3: Approval to issue 10,786 stock options to Mr. Keith Phillips and/or his nominee under the Company’s Stock Plan:
FOR |
AGAINST |
ABSTAIN |
2,789,952 |
1,272,986 |
483,809 |
PROPOSAL 4: Approval to issue 5,344 restricted stock units to Mr. Keith Phillips and/or his nominee under the Company’s Stock Plan:
FOR |
AGAINST |
ABSTAIN |
3,392,760 |
668,728 |
485,259 |
PROPOSAL 5: Approval to issue 1,796 restricted stock units to Mr. Jeff Armstrong and/or his nominee under the Company’s Stock Plan:
FOR |
AGAINST |
ABSTAIN |
2,892,549 |
1,171,544 |
482,654 |
PROPOSAL 6: Approval to issue 1,197 restricted stock units to Mr. Jorge Beristain and/or his nominee under the Company’s Stock Plan:
FOR |
AGAINST |
ABSTAIN |
2,889,924 |
1,172,087 |
484,736 |
PROPOSAL 7: Approval to issue 1,197 restricted stock units to Mr. Todd Hannigan and/or his nominee under the Company’s Stock Plan:
FOR |
AGAINST |
ABSTAIN |
2,891,059 |
1,170,771 |
484,917 |
PROPOSAL 8: Approval to issue 1,197 restricted stock units to Mr. Claude Demby and/or his nominee under the Company’s Stock Plan:
FOR |
AGAINST |
ABSTAIN |
2,891,627 |
1,171,156 |
483,964 |
PROPOSAL 9: Approval to issue 1,197 restricted stock units to Ms. Susan Jones and/or her nominee under the Company’s Stock Plan:
FOR |
AGAINST |
ABSTAIN |
2,895,108 |
1,167,384 |
484,255 |
A replay of the Meeting is available on the Company’s website and at: www.virtualshareholdermeeting.com/PLL2022.
About Piedmont Lithium
Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, Carolina Lithium, is located in the renowned Carolina Tin-Spodumene Belt of North Carolina. Combining our U.S. assets with equally strategic and in-demand mineral resources, and production assets in Quebec and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be the most strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our diversified operations will enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. For more information, visit www.piedmontlithium.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, and construction activities; current plans for Piedmont’s mineral and chemical processing projects; strategy; and expectations regarding permitting. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont will be unable to commercially extract mineral deposits, (ii) that Piedmont’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Quebec and Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this presentation and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this presentation. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
This announcement has been authorized for release by the Company’s President & CEO, Keith D. Phillips.
Appendix - Results of Annual Meeting of Shareholders
Piedmont Lithium Inc.
Annual General Meeting – 3 February 2022
The following information is provided in accordance with ASX Listing Rule 3.13.2:
Resolution |
Number of Proxy Votes |
Number of Votes cast on the Poll |
Result |
|||||
For |
Against |
Abstain |
Proxy's discretion |
For |
Against |
Abstain |
||
1.1 Election of Mr Keith Phillips |
4,080,447 |
N/A |
466,300 |
- |
4,080,447 |
N/A |
466,300 |
Vote carried by poll |
1.2 Election of Mr Todd Hannigan |
4,020,943 |
N/A |
525,804 |
- |
4,020,943 |
N/A |
525,804 |
Vote carried by poll |
2. Ratification of Auditor Selection |
7,995,679 |
100,008 |
425,521 |
- |
7,995,679 |
100,008 |
425,521 |
Vote carried by poll |
3. Approval to issue stock options – Mr Keith Phillips |
2,789,952 |
1,272,986 |
483,809 |
- |
2,789,952 |
1,272,986 |
483,809 |
Vote carried by poll |
4. Approval to issue restricted stock units – Mr Keith Phillips |
3,392,760 |
668,728 |
485,259 |
- |
3,392,760 |
668,728 |
485,259 |
Vote carried by poll |
5. Approval to issue restricted stock units – Mr Jeff Armstrong |
2,892,549 |
1,171,087 |
482,654 |
- |
2,892,549 |
1,171,087 |
482,654 |
Vote carried by poll |
6. Approval to issue restricted stock units – Mr Jorge Beristain |
2,889,924 |
1,172,087 |
484,736 |
- |
2,889,924 |
1,172,087 |
484,736 |
Vote carried by poll |
7. Approval to issue restricted stock units – Mr Todd Hannigan |
2,891,059 |
1,170,771 |
484,917 |
- |
2,891,059 |
1,170,771 |
484,917 |
Vote carried by poll |
8. Approval to issue restricted stock units – Mr Claude Demby |
2,891,627 |
1,171,156 |
483,964 |
- |
2,891,627 |
1,171,156 |
483,964 |
Vote carried by poll |
9. Approval to issue restricted stock units – Ms Susan Jones |
2,895,108 |
1,167,384 |
484,255 |
- |
2,895,108 |
1,167,384 |
484,255 |
Vote carried by poll |
Keith Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
VP - Investor Relations and Corporate Communications
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RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Pilot Freight Services (Pilot), a portfolio company of ATL Partners (ATL) and British Columbia Investment Management Corporation (BCI), on its pending sale to A.P. Moller – Maersk (Maersk). Pilot is a leading U.S.-based last mile, middle mile, and border crossing solutions provider, specializing in the big and bulky freight segment for B2C and B2B distribution models. The transaction is being led by Frank Mountcastle, Jason Bass, Jonathan Meredith, Trey Balson, Tom Dunne and Justin Icardo of the Harris Williams Transportation & Logistics (T&L) Group.
“Pilot is a truly unique platform delivering end-to-end, specialized transportation solutions to a global customer base and has built a best-in-class home delivery solution capitalizing on secular e-commerce trends,” said Frank Mountcastle, a managing director at Harris Williams. “We are excited to watch Pilot's continued growth as a part of Maersk over the coming years.”
“It was a pleasure to work with Pilot, ATL and BCI on this transaction. Their combined strategic vision has positioned Pilot as the premier provider of big and bulky freight solutions,” said Jason Bass, a managing director at Harris Williams.
“The Pilot transaction represents our latest in the highly attractive third-party logistics sector with market-leading platforms. As supply chains and macro trends continue to evolve, we expect to see sustained investor interest in the sector over the long term,” added Jonathan Meredith, a director at Harris Williams.
“Harris Williams’ expertise and deep understanding of Pilot’s business model enabled them to effectively communicate our story. They provided us with the support and strategic partnership we needed to achieve a successful outcome,” said Zach Pollock, CEO of Pilot.
Pilot is an award-winning full-service transportation and logistics provider with 87 locations throughout North America. Pilot also has several locations in Western Europe and a presence in the Asia-Pacific marketplace. The company’s freight forwarding services encompass every mode of transportation, including air, ground, and ocean, serving all corners of the globe. Pilot’s full mile and final mile home delivery solutions for heavy and hard to handle goods include value-added service offerings such as white glove, assembly and installation. Pilot’s logistics programs offer a complete line of expedited and time-definite services, international shipping solutions, product warehousing and inventory management.
Founded in 2014, ATL is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with 10 investment professionals and seven Executive Board members who have decades of combined operating experience in each of ATL’s core sectors.
With C$199.6 billion of assets under management as of March 31, 2021, BCI is one of Canada’s largest institutional investors. Based in Victoria, British Columbia, BCI is a long-term investor that invests across a range of asset classes: fixed income; public equities; private equity; infrastructure; renewable resources; real estate; and commercial mortgages. BCI’s clients include public sector pension plans, insurance, and special purpose funds. BCI’s private equity program, with C$20.7 billion of assets under management, has a well-diversified portfolio comprised of direct and fund investments. The team brings industry expertise across financial and business services, healthcare, industrials, consumer, and TMT sectors.
Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 95,000 people.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy-duty vehicle, transportation equipment, and truck, rail, marine and air transportation. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: This email address is being protected from spambots. You need JavaScript enabled to view it.). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.
Julia Moore
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AUSTIN, Texas--(BUSINESS WIRE)--#ghgemissions--SeekOps Inc., the technology innovator whose best-in-class sensors and actionable analytics deliver accurate methane emissions quantification, and Flylogix, provider of record-breaking long-range Unmanned Aerial Vehicles (UAVs) have expanded their strategic partnership.
For the past two years, the SeekOps/Flylogix team have conducted multiple successful emissions surveys on the United Kingdom Continental Shelf (UKCS). Sponsored by the Net Zero Technology Centre (NZTC), the team demonstrated top-down methane emissions measurements safely and efficiently for a number of remote offshore platforms, highlighting an industry-best minimum detection level of 2.5 kg/hr. Both companies are now building upon the validation of those surveys to expand coverage across the rest of the UKCS, as well as exclusively deploying UAV missions to the Norwegian Continental Shelf and the Dutch and Danish sectors of the North Sea.
Iain Cooper, CEO at SeekOps said: "With their proven capabilities to effectively deploy our unique sensor consistently, repeatedly, and cost-effectively on facilities for bp, TotalEnergies, Shell, Equinor, TAQA and Harbour Energy, we are very excited to extend our collaboration into a wider range of territories, enabling more operators and assets to accurately quantify and report their emissions as they move toward satisfying the requirements of the Oil and Gas Methane Partnership (OGMP) 2.0 framework. We already have plenty of flights scheduled this year, and we look forward to jointly helping our customers in their decarbonisation efforts.”
Charles Tavner, Executive Chairman at Flylogix said : "When it comes to emissions, you can’t manage what you can’t measure. And so SeekOps’ ability to quantify the invisible, and our use of long-range unmanned systems to change the paradigm on collecting data in remote environments with minimum personnel or operational disruption is a potential game-changer for the energy industry. Delivering business-critical information from remote environments is what Flylogix was founded to do, and so it has been a real privilege to work in partnership with a similarly pioneering organisation such as SeekOps.”
Notes:
SeekOps
SeekOps Inc. deploys advanced sensor technology to detect, localize, and quantify natural gas emissions through integrated drone-based systems. SeekOps latest SeekIR sensors allow business and industry to meet rigorous operational and regulatory demands while safeguarding resources. SeekOps are headquartered in Austin, Texas, with a European office in Aberdeen.
Flylogix
At Flylogix, we are bringing together artificial intelligence, satellite communication and low-cost electronics to develop a new generation of smaller, more efficient, unmanned aircraft. We use these to transform remote operations, dramatically reducing carbon emissions, improving safety and providing new cost-effective solutions. Flylogix is a privately-owned business founded in 2015, and based in Fareham, UK.
Paul Khuri, SeekOps VP Business Development, on +1 512-852-8100 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Chris Adams, Flylogix Commercial Director, on +44 (0)7779 696 833 or This email address is being protected from spambots. You need JavaScript enabled to view it.
40th annual gathering of world’s preeminent energy conference will explore ‘Pace of Change: Energy, Climate and Innovation.’ Learn more at www.ceraweek.com
HOUSTON--(BUSINESS WIRE)--The United States Special Presidential Envoy for Climate, John F. Kerry will address delegates at the 40th annual CERAWeek by IHS Markit, to be held in-person March 7-11 in Houston.
The first-ever Principal to sit on the U.S. National Security Council entirely dedicated to climate change, Mr. Kerry previously served as the 68th U.S. Secretary of State and as a U.S. Senator representing Massachusetts.
“We are pleased to welcome Secretary Kerry among the distinguished speakers at CERAWeek by IHS Markit 2022,” said Daniel Yergin, conference chair and vice chairman of IHS Markit. “His unique knowledge and experience, both in his current position at the epicenters of global climate diplomacy such as at COP26 in Glasgow and a career imbued with leadership in foreign affairs, will be a timely and important contribution to the critical dialogues taking place at this year’s conference.”
Sec. Kerry will join the world’s energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities addressing this year’s conference.
CERAWeek 2022: Pace of Change: Energy, Climate and Innovation will examine the challenges and opportunities of reducing emissions while supplying the needs of a growing global economy in the era of energy transition. The conference is returning to Houston for its 40th annual gathering after being hosted as an all-virtual event in 2021.
Produced by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, the CERAWeek 2022 conference program will explore key themes related to More Energy, Lower Emissions; Geopolitics and Energy Markets; Workforce of the Future; Competitive Landscape and the Energy Transition; Supply Chains; and Financing the Energy Future.
The conference will also feature the CERAWeek Innovation Agora, serving as the center of technology and innovation programming at the event. Featuring a community of thought leaders, technologists, start-ups, investors, academics, energy companies and government officials, the Innovation Agora will showcase transformational technology platforms in the energy space ranging from digitalization, AI, analytics and connectivity, robotics, blockchain, additive manufacturing, mobility and decarbonization. Newly added for 2022 will be dedicated “Agora Hubs” focused on hydrogen and carbon management.
CERAWeek 2022 speakers will include (partial list):
Visit www.ceraweek.com for a complete list of speakers and the most up-to-date program information (subject to change).
Registration Information
CERAWeek by IHS Markit 2022 will be held March 7-11 at the Hilton Americas—Houston. Further information and delegate registration is available at www.ceraweek.com.
Media Accreditation
Media registration is now open. Members of the media interested in covering CERAWeek 2022 are required to apply for accreditation. Applications are subject to approval and can be submitted at the following link: https://ceraweek.com/about/press.html
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2022 IHS Markit Ltd. All rights reserved.
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IHS Markit
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NEW YORK--(BUSINESS WIRE)--ATL Partners (“ATL”) and British Columbia Investment Management Corporation (“BCI”) announced today that they have entered into a definitive agreement to sell Pilot Freight Services (“Pilot”), a leading global provider of end-to-end and last mile solutions specializing in big and bulky B2C and B2B freight, to A.P. Moller - Maersk (“Maersk”) for approximately $1.7 billion in cash consideration.
ATL and BCI acquired Pilot in 2016 after identifying a structural shortage in capacity required to meet the needs of shippers and consumers, which was created by the rapid secular growth in the big and bulky segment of e-commerce home delivery and installation. ATL and BCI partnered with management to build Pilot from a family-owned business into the second-largest provider of B2C home delivery in the United States by investing in technology, sales, and operations and acquiring additional capabilities to meet shippers’ needs. Pilot has grown from approximately $28 million of adjusted EBITDA and 800 employees in 2016 to an estimated $127 million of adjusted EBITDA and over 2,600 employees in 2021. Under the ownership of ATL and BCI, Pilot invested over $70 million in technology and data science to enhance and automate decision making and improve productivity. Pilot further accelerated its organic growth through investments in sales personnel and a strategic focus on growing its e-commerce business segments.
To complement strong organic growth, Pilot successfully completed the acquisitions of seventeen franchisees, enhancing operational control and service levels, and completed the acquisitions of three third-party businesses to add capabilities and differentiate Pilot’s service offering. To expand its e-commerce delivery offering, Pilot built out a best-in-class last mile home delivery solution through the acquisitions of Manna Freight Systems in 2018 and DSI Logistics in 2021. Pilot significantly expanded its middle mile capabilities through the acquisition of American Linehaul Corporation in 2021, further differentiating Pilot’s market leading position with an integrated expedited ground network, enabling superior service levels and consistent access to capacity.
“We are appreciative and proud of the partnership we’ve had with the Pilot team in successfully executing on the vision of creating a differentiated, market leader to meet the growing e-commerce demand for big and bulky goods,” said Kirby Fine, Partner at ATL Partners. “ATL’s investment process centers around developing an investment theme over multiple years and partnering with a strong founder or management team to execute on that vision. It has been extremely rewarding to work closely with the talented team at Pilot and our partners at BCI, and we look forward to their continued success with Maersk.”
“The Pilot team has executed on a range of business improvements and growth initiatives over the past several years, substantially increasing the value of Pilot, and generating significant proceeds for our pension plan and insurance clients,” said Jason Cawley, Senior Managing Director, Private Equity at BCI. “Pilot represented the first co-sponsor investment for BCI’s Private Equity strategy. We have enjoyed a fulfilling partnership with ATL and the distinguished management team at Pilot during this investment. We wish Pilot ongoing success in the future.”
Zach Pollock, CEO of Pilot said, “It has been a privilege to partner with ATL and BCI. They had incredible foresight on where to focus our efforts and investments, and without their guidance, Pilot would not be the company it is today. I am extremely proud of the amazing accomplishments of the entire Pilot organization. We are excited to be joining Maersk and for the significant opportunities this new chapter brings.”
The transaction is subject to regulatory review and approval which is expected to be obtained by Q2 2022. Pilot and Maersk will operate as independent businesses and run their operations as usual until that time.
Harris Williams and Morgan Stanley & Co. LLC served as financial advisors and Gibson, Dunn & Crutcher LLP served as legal counsel to Pilot.
About ATL Partners
Founded in 2014, ATL Partners is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with ten investment professionals and seven Executive Board members who have decades of combined operating experience in each of ATL’s core sectors. For more information about ATL Partners, visit www.atlpartners.com.
About BCI
With C$199.6 billion of assets under management as of March 31, 2021, British Columbia Investment Management Corporation (BCI) is one of Canada’s largest institutional investors. Based in Victoria, British Columbia, BCI is a long-term investor that invests across a range of asset classes: fixed income; public equities; private equity; infrastructure; renewable resources; real estate; and commercial mortgages. BCI’s clients include public sector pension plans, insurance, and special purpose funds. BCI’s private equity program, with C$20.7 billion of assets under management, has a well-diversified portfolio comprised of direct and fund investments. The team brings industry expertise across financial and business services, healthcare, industrials, consumer, and TMT sectors. For more information about BCI, please visit www.bci.ca.
About Pilot Freight Services
Pilot Freight Services is an award-winning full-service transportation and logistics provider with 87 locations throughout North America. Pilot also has several locations in Western Europe and a presence in the Asia-Pacific marketplace. The company’s freight forwarding services encompass every mode of transportation, including air, ground and ocean, serving all corners of the globe. Pilot’s full mile and final mile home delivery solutions for heavy and hard to handle goods include value-added service offerings such as white glove, assembly and installation. Pilot’s logistics programs offer a complete line of expedited and time-definite services, international shipping solutions, product warehousing and inventory management. Learn more about Pilot Freight Services at www.PilotDelivers.com.
For ATL Partners
Nathaniel Garnick
Gasthalter & Co.
T: (212) 257-4170
For BCI
Gwen-Ann Chittenden
Vice President, Corporate Stakeholder Engagement, BCI
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The Cedar Liquefied Natural Gas Project will be Canada’s largest Haisla Nation-majority-owned infrastructure project
OVERLAND PARK, Kan.--(BUSINESS WIRE)--With its abundant natural gas supply, Canada’s British Columbia is seeing increased investment in liquefied natural gas (LNG) infrastructure as the world accelerates low- and zero-carbon energy resources. In advancing this effort, Black & Veatch performed the pre-FEED study and now proceeds with full FEED to deliver the proposed Cedar LNG Project that will produce low‑carbon, cost-effective LNG for the global market.
The planned floating LNG facility in Kitimat is being developed by the Haisla Nation in partnership with Pembina Pipeline Corporation (Pembina), making it the first Indigenous‑majority‑owned LNG export facility in Canada.
Black & Veatch – a global leader in the design, construction and delivery of innovative floating LNG production solutions – has teamed up with its strategic partner Samsung Heavy Industries (SHI) to deliver an integrated solution for the floating LNG process unit. Black & Veatch is responsible for the topside process plant, which includes its patented PRICO® liquefaction technology. SHI is responsible for the hull and LNG containment system, along with integration of topsides while also fabricating topsides modules designed by Black & Veatch.
“In moving to the FEED phase with Black & Veatch and SHI, we are making important progress towards achieving our goal of delivering a world-class, low-carbon project in partnership with the Haisla Nation,” said Scott Burrows, Pembina’s Interim President and Chief Executive Officer (CEO). “Black & Veatch will provide an innovative design philosophy, reinforcing our commitment to ensuring the Cedar LNG Project benefits from the most advanced technology that minimizes our environmental footprint, while delivering significant, long-term benefits for the Haisla Nation and the region.”
The facility will be interconnected to the existing BC Hydro transmission system, making it one of the world’s lowest carbon-intense LNG facilities. Once operational, the project will result in approximately three million tons of liquefaction capacity per year.
“Playing a role in developing this critical floating LNG project for Pembina and the Haisla Nation is a natural fit for Black & Veatch,” said Mario Azar, president of Black & Veatch’s Energy and Process Industries global market sector. “The collaboration with Samsung builds on our years of experience in leveraging floating LNG innovation to help nations and industries around the world diversify their energy portfolio.”
FEED activities are underway and will continue through this year. Subject to regulatory and environmental approvals, the project expects to be completed during the second half of 2027.
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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DUBLIN--(BUSINESS WIRE)--The "Nonresidential Green Buildings Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global non-residential green buildings market is expected to grow from $859.52 billion in 2021 to $951.77 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The market is expected to reach $1354.59 billion in 2026 at a CAGR of 9.2%.
Major players in the market are Turner Corp.; Clark Construction; AECOM; Swinerton; Hensel Phelps; Skanska; Whiting-Turner Contracting Co.; Holder Construction; Webcor; Walsh Group.
The non-residential green buildings market consists of sales of non-residential green buildings. Green Buildings, in its design, construction or operation, have minimal or no negative impacts on environment and climate but have positive impacts by preserving precious natural resources and improve the quality of life.
This practice creates and uses healthier and more resource-efficient models of construction, renovation, operation, maintenance and demolition. The market consists of revenue generated by the companies and people by the sale of non-residential green buildings.
Asia Pacific is the largest region in the nonresidential green buildings market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increased need for sustainable and eco-friendly solutions contributed to the growth of the non-residential green building market. According to the USGBC (U.S. Green Building Council) report, green buildings can reduce carbon emission by 34% and consume 25% less energy than the conventional buildings.
Encouraging sustainable business practices is an important reason for building green in most countries for conservation of energy and protecting natural resources. Moreover, increased concerns of global warming resulted in sustainable and eco-friendly activities increased the demand for Non-residential green building market.
Living roofs or green roofs is increasingly being implemented in green buildings. A green roof is a roof of a building that is covered with vegetation and soil, or a growing medium, planted over a waterproofing membrane. Green roofs last longer when compared to conventional roofs.
They also reduce energy costs with natural insulation, reduce the temperatures (heat and cold) by absorbing and trapping them, and reduce storm water runoff, filters pollutants and carbon dioxide out of the air and increase wildlife habitat in built-up areas. It is believed that to reduce the ambient temperature of the city by 2%, then 8% of roofing in the city must be greener.
In the USA, around 25 cities have some sort of program to encourage green roofs and in Portland, Ore, it is mandatory to have vegetation cover 100% of the roofs on buildings in the central city over 20,000 square feet (with some exceptions). Therefore, green roof is an emerging trend in nonresidential green building market.
Key Topics Covered:
1. Executive Summary
2. Nonresidential Green Buildings Market Characteristics
3. Nonresidential Green Buildings Market Trends And Strategies
4. Impact Of COVID-19 On Nonresidential Green Buildings
5. Nonresidential Green Buildings Market Size And Growth
5.1. Global Nonresidential Green Buildings Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Nonresidential Green Buildings Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Nonresidential Green Buildings Market Segmentation
6.1. Global Nonresidential Green Buildings Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Nonresidential Green Buildings Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Nonresidential Green Buildings Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Nonresidential Green Buildings Market Regional And Country Analysis
7.1. Global Nonresidential Green Buildings Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Nonresidential Green Buildings Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/blo1fs
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Project Canary to conduct reservoir analysis and deploy high-fidelity continuous monitoring units to verify permanent sequestration
LEAWOOD, Kan. & DENVER--(BUSINESS WIRE)--Tallgrass has entered an agreement with Project Canary to develop a program for the independent monitoring and sequestered carbon volume verification at its Eastern Wyoming Sequestration Hub project, the companies announced today.
The agreement between the two firms advances Tallgrass’ commercial-scale sequestration hub project previously announced in January and builds on the relationship established between Project Canary and Tallgrass in 2021 through the Rockies Express Pipeline.
“Precise measurement and validation of sequestered volumes is a critical component of a successful, commercial-scale CO2 sequestration hub,” said Kyle Quackenbush, Tallgrass Segment President. “Project Canary and its team of climate scientists and engineers provide critical expertise in this project’s development, which will help advance broadly shared decarbonization and clean energy goals.”
As part of the project, Tallgrass plans to drill a characterization well and Project Canary, the Denver-based environmental assessment ESG data firm, will deploy Canary X continuous emissions monitoring units and conduct additional periodic reservoir analysis at the project site to verify carbon dioxide volumes remain permanently sequestered. The high-fidelity, laser-based continuous monitoring units have a detection level as low as <1ppm and report data simultaneously to a cloud-based monitoring dashboard.
“The Tallgrass team demonstrates what the net-zero measurement economy demands – bold action to verify that every molecule of CO2 put underground stays underground. Their leadership is what a net-zero future needs,” said Chris Romer, CEO and co-founder of Project Canary. “Advancing assessment across the entire energy value chain – from upstream production to midstream transportation and ultimately sequestration – has the potential to revolutionize decarbonization efforts and accelerate progress toward net-zero.”
Cautionary Note Concerning Forward-Looking Statements
Disclosures in this press release contain forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the successful development of the referenced commercial-scale CO2 sequestration hub and the ability to achieve decarbonization and clean energy goals. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports and financial statements made available by Tallgrass. Any forward-looking statement applies only as of the date on which such statement is made, and Tallgrass does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
About the Transaction Participants
Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Visit Tallgrass.com to learn more.
Project Canary is a climate tech company that provides trusted, independent, and verified environmental data to track, measure, and score the "E" in ESG across an enterprise's operational value chain. They are the leaders in providing dynamic environmental ratings using real-time monitoring data at the facility level to assess and improve operating practices and provide a science-based and technology-enabled measurement of emission profiles, including methane. Formed as a Public Benefit Corporation, Project Canary's team of scientists, engineers, and seasoned industry operators have earned recognition for their uncompromising standards, including being named "Best for the World" B Corp. projectcanary.com
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Proceeds will be used to qualify and commission ION’s 10 MWh/yr manufacturing line, to produce its 1st Generation commercial cells for customers.
BELTSVILLE, Md.--(BUSINESS WIRE)--Ion Storage Systems (ION) announced the initial closing of its $30 million Series A fundraising round led by Clear Creek Investments, VoLo Earth Ventures, and Alsop Louie Partners. This Series A round builds on the $8 million seed funding round that Alsop Louie Partners led with participation from VoLo Earth Ventures. The Series A round is expected to close by the end of Q1 2022.
The investment will enable ION to commission and qualify a battery cell manufacturing line at its Beltsville, MD headquarters capable of producing 10MWh/yr of its safe, energy dense and versatile solid state batteries. Production will initially be allocated to qualifying commercial cells for its Aerospace and Defense customers, generating revenue by the end of 2023. The Series A round will also accelerate the development projects ION has signed with multiple electric vehicle manufacturers, defense contractors, and consumer electronics companies. As part of the financing, Todd Crescenzo, Founder and Managing Partner at Clear Creek Investments, and Joseph Goodman, PhD, Co-Founder and Managing Partner at VoLo Earth Ventures will join ION’s board of directors.
“We are excited to begin commercial production of our transformative technology and getting it into the hands of our customers. ION’s battery performance and safety far exceed what traditional Lithium Ion can offer and will become the benchmark for battery design for decades to come,” said Ricky Hanna, ION’s CEO. “Our team continues to work hard to bring our technology to market and make us the first commercial solid state battery company to generate commercial revenue.”
“It is extremely gratifying to see this novel solid state battery technology created in my laboratories at the University of Maryland rapidly transition from academic research to a viable commercial product with such far reaching impact across multiple energy storage markets. The team has been making tremendous strides each and every day as recognized by this major investment in our company, and I am proud to be a part of it,” said Eric Wachsman, ION Founder and Executive Chair.
“Clear Creek is excited to invest with and alongside our investors in Ion Storage Systems given the company’s innovative battery technology, incredible team, and complimentary commercial partners with the aligned goal of disrupting the battery industry for the better,” said Todd Crescenzo, Founder and Managing Partner at Clear Creek Investments.
“ION de-risks electrification for OEMs with a safer, lower cost, and more energy dense battery that is also robust to critical battery materials; lithium, cobalt, and nickel,” said Joseph Goodman PhD, Co-Founder and Managing Director of VoLo Earth Ventures. “Already automotive and aviation OEMs are gaining competitive advantages through partnership with ION."
“We are delighted to continue on this journey with ION to commercialize their disruptive technology platform,” said Mark Fields, Partner at Alsop Louie Partners. “The unique modularity of ION’s platform empowers product developers to design-in, as opposed to design-around the battery.”
About Ion Storage Systems
Ion Storage Systems, from its new state of the art HQ and manufacturing facility, creates high energy density, solid state lithium metal batteries that are safer, lighter and enable form factors with tighter packing density that enhance system performance. ION’s nonflammable technology offers safe operation, greater abuse tolerance, and both volume and weight reduction. These advances empower the world’s innovators to redefine what is possible and begin building the products-of-tomorrow today.
About Clear Creek Investments, LLC
Clear Creek Investments (“CCI”) is an emerging investment manager, based in Solana Beach, California with a focus on investing in companies across the Energy, Food and Water sectors. Specifically, CCI looks to invest in companies across these critical but resource constrained sectors that are stewards of catalytic capital – “doing more with less” in the spirit of global innovation and betterment. CCI takes a long term, patient capital approach when partnering with portfolio companies and invests across public and private markets. The firm was founded in January 2021 and currently manages three investment vehicles across the private and public markets.
About VoLo Earth Ventures
VoLo Earth is addressing our planet's climate crisis at its roots by providing first-in funding and hands-on leadership to early-stage climate tech companies. VoLo Earth strives to grow, propagate, and capitalize on climate solutions with an intent to deliver superior investment returns and quantifiable carbon benefits.
About Alsop Louie Partners
Alsop Louie Partners is an early-stage, risk-oriented technology venture capital firm in San Francisco.
Dwight Langhum
Langhum Mitchell Com.: 202.546.9170
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc. (NYSE:AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced that it will hold its first investor day, in person, on Wednesday, March 23, 2022 in New York, New York. The event will begin at 2:30 p.m. ET. The event was previously scheduled for mid-January 2022 and moved to March 2022 out of an abundance of caution during the COVID-19 Omicron variant surge in New York City.
The event will feature interactive presentations and panels by a broad representation of Ameresco’s leadership team. Discussion will focus on key growth opportunities highlighting the Company’s portfolio of innovative solutions which makes Ameresco a preferred partner for complex and comprehensive advanced energy projects. It is designed to provide analysts and investors with a deeper understanding of Ameresco’s integrated business model and long-term growth opportunities at the nexus of cost savings, energy resiliency and carbon footprint reduction. Analysts and institutional investors interested in attending are encouraged to contact Ameresco Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent clean technology integrator of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
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PITTSBURGH--(BUSINESS WIRE)--$X #BigRiverSteelWorks--United States Steel Corporation (NYSE: X) (“U. S. Steel”) broke ground in Osceola, Arkansas on the company’s next-generation highly sustainable and technologically advanced steel mill. The $3 billion steelmaking facility will be the most advanced in North America and largest private project in the history of Arkansas.
“Several years ago, we embarked on a transformative vision for U. S. Steel,” said U. S. Steel President & CEO David B. Burritt. “Now we celebrate, as we take another significant step forward in becoming the steel company of the future. This facility is engineered to bring together the most advanced technology, to create the steel mill of the future that delivers profitable sustainable solutions for our customers.”
The new plant will be adjacent to U. S. Steel’s Big River Steel. Together, the two facilities will be known as Big River Steel Works. The new plant is expected to bring 900 plant jobs to the area, along with thousands of construction jobs. State, county, and local officials, along with key business partners Entergy and BNSF, joined U. S. Steel President & CEO David B. Burritt to celebrate this transformative investment.
“Last month, we announced that U. S. Steel would build a new state-of-the-art mill in Osceola,” Arkansas Governor Asa Hutchinson said. “We are excited to break ground on the project. Once it is finished, it will be the largest single project investment in the state’s history. This is a great opportunity for Arkansas, and I am thrilled to watch the impact this project will have on the northeast Arkansas economy as well as the families of the workers to be employed by the mill.”
The new optimized steel production facility is expected to feature two electric arc furnaces (EAFs) with 3 million tons per year of advanced steelmaking capability, a state-of-the-art endless casting and rolling line, and advanced finishing capabilities. This first use of endless casting and rolling technology in the United States brings significant energy, efficiency, and capability enhancements to the company’s operations.
“It is with great pride that we break ground on U. S. Steel’s latest endeavor in Arkansas,” Arkansas Secretary of Commerce Mike Preston said. “Once this mill reaches full production, Mississippi County will be the largest steel-producing county in the nation. The company’s decision to select Osceola as the site of this mill speaks volumes about the business climate and workforce in the area. By being the home of the first mill in the country to use endless casting and rolling technology, the steel industry will continue to recognize Arkansas for its excellence in steel production.”
Project completion and full operation is anticipated by 2024. Upon completion, this project will apply to become LEED® certified.
To learn more about the project and watch the ceremony in its entirety click here.
Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the company’s customer-centric Best for All℠ strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.
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Orbia joins TDK Ventures, BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Shell Ventures and Temasek in scaling electrolysis technology for sustainable industrial applications.
BOSTON--(BUSINESS WIRE)--Orbia Ventures, the venture capital arm of multinational Orbia, announces today its participation in an investor syndicate backing Verdagy, a green hydrogen developer with new electrolyzer technology to decarbonize industrial processing at scale. The $25 million funding round is led by TDK Ventures with the participation of Orbia Ventures, BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Shell Ventures and Temasek. Investment funds will be directed to accelerating development and commercialization of Verdagy’s technology. Orbia joins this group to contribute to big industry’s fight against climate change.
Commenting on the funding announcement, Verdagy Chief Executive Officer Marty Neese said, “This round of funding will enable us to scale up our activities and further demonstrate the value of our low-cost, high-throughput electrolyzer technology. I am grateful for the confidence of our investors. And I am invigorated by their broad insights for the use of green hydrogen for decarbonization across multiple end applications as well as their partnership to these ends.”
Analysts are now predicting that the global green hydrogen market will reach $89 billion by 2030. Given increased customer demand and current trends of renewable energy costs and electrolyzer prices falling at a rate of 50-60% every five years, Verdagy’s solution is poised to clean up industrial feedstock processing and proliferate clean energy generation.
After a spin-out from green chemical company Chemetry in May 2021, Verdagy developed a novel approach to water electrolysis: a process that splits water into hydrogen and oxygen molecules through the use of an electric current. As hydrogen is a clean-burning molecule, its production using renewables yields a truly carbon-free product. While cost has historically limited green hydrogen production, Verdagy’s new membrane-based electrolyzer technology leverages large active area cells, high current densities and broad operating ranges to result in green hydrogen at scale with significantly lower capital investment and operating costs. In addition, Verdagy’s market-leading technology is expected to meet or exceed the U.S. Department of Energy’s targets for electrolysis.
Says Sameer Bharadwaj, Chief Executive Officer of Orbia, “We believe that green hydrogen at the right scale and cost is key to decarbonizing industrial processing of steel, aluminum, cement and chemicals—and in combination with captured CO2, enables the production of other chemical feedstocks and liquid fuels for marine and aviation applications.” Bharadwaj continues, “Orbia hopes to contribute to Verdagy’s success with its expertise in basic and advanced materials, large-scale chemical processes and a keen focus on decarbonization technologies that support a sustainable future.”
“We see green hydrogen electrolysis as the heart of the clean energy revolution,” says Eitan Dekel, Managing Director of Orbia Ventures. “With an outstanding team and strong technology, Verdagy is positioned to take a leading role in a fast growing and massive market. We are fortunate to team up with them and leading investors in supporting this exciting opportunity,” adds Dekel.
Through its Ventures arm, Orbia is making correlated investments in food security and growth, water management, infrastructure development, data access, health advancement and sustainable energy, energy storage and decarbonization, with green hydrogen development as a focal area for powering a world where people and planet thrive.
About Verdagy
Verdagy (derived from verde – green, agy – energy) is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy's industry-leading solution achieves both the lowest upfront capital costs and the lowest unit economics for production. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California to further develop and rapidly scale the technology platform. For more information, please visit www.verdagy.com or follow on LinkedIn.
About Orbia
Orbia is a community of companies bound by a shared purpose: to advance life around the world. The Orbia companies have a collective focus on ensuring food security, connecting communities to data infrastructure, reducing water scarcity, reinventing the future of cities and homes and expanding access to health and wellness with basic and advanced materials and solutions. Orbia operates in the Precision Agriculture, Data Communications, Building and Infrastructure, Fluorinated Solutions and Polymer Solutions sectors. The company has commercial activities in more than 110 countries and operations in over 50, with global headquarters in Mexico City, Boston, Amsterdam, and Tel Aviv. To learn more, please visit www.orbia.com.
About Orbia Ventures Orbia Ventures is the venture investment arm of Orbia, and supports a collaborative, human-centered approach to create better future in the areas of food security, water management, resilient infrastructure, data access, health advancement and sustainable energy and decarbonization. By partnering with startups who share our vision and are committed to developing leading-edge innovations and smart technologies, we can address the world's biggest challenges and help global communities become future-fit. To learn more, please visit Orbia Ventures | Orbia.
Kacy Karlen
Global Head of Communications, Orbia
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DUBLIN--(BUSINESS WIRE)--The "Natural Gas Distribution Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global natural gas distribution market is expected to grow from $818.70 billion in 2021 to $905.45 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The market is expected to reach $1,320.13 billion in 2026 at a CAGR of 9.9%.
Major companies in the natural gas distribution market include Uniper, Centrica plc, Eni S.p.A., E.ON SE, Chubu Electric Power, Engie, Tokyo Gas, Polish Oil and Gas Co (PGNiG) SA, OSAKA GAS CO and National Grid Plc.
The natural gas distribution market consists of sales of natural gas by entities (organizations, sole traders and partnerships) that operate gas distribution systems (e.g., mains, meters) including gas marketers that buy gas from the well and sell it to a distribution system, gas brokers or agents that arrange the sale of gas over gas distribution systems operated by others and establishments that transmit and distribute gas to final consumers. The natural gas distribution is segmented into industrial and commercial natural gas distribution and household natural gas distribution.
The main types of natural gas distribution are industrial and commercial natural gas distribution, household natural gas distribution. Natural gas is one of the most efficient and non-polluting modern fuels for both industrial and home use. Natural gas has risen gradually in the energy basket of major countries due to its characteristic clean burning nature and availability via pipeline connection, which eliminates the need for local storage and other transit requirements. The different types of operators include public operator and private operator.
Eastern Europe was the largest region in the natural gas distribution market in 2021. Asia Pacific was the second largest region in natural gas distribution market.
Companies in the natural gas distribution industry are investing in robotic wireless in-pipe leak detection systems for faster repair of leakages. Traditional detection systems are often slow. The new robotic technology can detect leaks at a faster pace and with high accuracy.
The robotic devices uses laser beams to detect potential leak points by analyzing the gas concentration in close proximity. This technology provides reliable results and reduced amount of data to be processed in detection to plug gas leakage. For instance, A6 OMD robot, developed by SMP Robotics, is used to detect underground pipeline gas leaks. It uses GPS to frame a map to locate the gas leak for a pipeline of any length.
Companies in the natural gas distribution market are using alternate modes of natural gas transportation for the delivery of natural gas through land. Natural gas is transported mostly through pipes or through shipping vessels. However, companies are now exploring the use of railroads for the delivery of natural gas.
Transporting natural gas through rails might allow the companies to expand its reach to remote industrial areas. Following the trend, in 2019, the U.S Pipeline and Hazardous Materials Safety Administration approved the New Fortress Energy 's plan to transport natural gas from Pennsylvania's Marcellus Shale by train for about 175 miles to South Jersey, U.S.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Natural Gas Distribution Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Natural Gas Distribution Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Natural Gas Distribution Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Natural Gas Distribution Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Natural Gas Distribution Market Trends And Strategies
8. Impact Of COVID-19 On Natural Gas Distribution
9. Natural Gas Distribution Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Natural Gas Distribution Market Regional Analysis
10.1. Global Natural Gas Distribution Market, 2021, By Region, Value ($ Billion)
10.2. Global Natural Gas Distribution Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Natural Gas Distribution Market, Growth And Market Share Comparison, By Region
11. Natural Gas Distribution Market Segmentation
11.1. Global Natural Gas Distribution Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Global Natural Gas Distribution Market, Segmentation By Type of Operator, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Natural Gas Distribution Market Segments
12.1. Global Industrial And Commercial Natural Gas Distribution Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) -
12.2. Global Household Natural Gas Distribution Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) -
13. Natural Gas Distribution Market Metrics
13.1. Natural Gas Distribution Market Size, Percentage Of GDP, 2016-2026, Global
13.2. Per Capita Average Natural Gas Distribution Market Expenditure, 2016-2026, Global
Companies Mentioned
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DUBLIN--(BUSINESS WIRE)--The "Electric Ship Market Share, Size, Trends, Industry Analysis Report, By Power Source; By Vessel; By Power Output; By Autonomy Level; By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global electric ship market size is expected to reach $12.57 billion by 2028 according to a new study. This report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Perceptible factors esteeming the market growth include the increasing rate of adoption of the products with an ever-increasing transportation and logistics companies, the surge in incentives on environment-friendly and fuel-efficient vehicles offered by the government bodies and growing maritime industry due to increasing seaborne trade are the few integral factors accelerating the market growth during the forecasting years.
Based on vessel, the commercial vessels accounted for a maximum stake, owing to its rising government norms and regulations to mandate the adoption of zero-emission vehicles in the marine trade, whereas the defense vessel segment is projected to witness the fastest growth rate in the overall industry. Factors such as the reduced maintenance cost, increased fuel economy, and quiet operation of the system are responsible.
With a surge in government initiative for promoting the adoption of the vehicle since the last few years, the products have witnessed a higher preference over conventional vessels due to no noise pollution and promote environmental safety. According to the government of the United Arab Emirates, by 2020, the central government expected to lessen 15% carbon emissions & a nearly 20% adoption of the products. With the rising rate of electronic vehicles adoption, shipping companies are interested in promoting environmental friendliness and safety; in turn, the adoption of the product is growing at a healthy rate considering the global scenario.
The publisher has segmented the electric ship market report on the basis of power source, power output, autonomy level, vessel, and region:
Electric Ship, Power Source Outlook (Revenue, USD Billion, 2016 - 2028)
Electric Ship, Power Output Outlook (Revenue, USD Billion, 2016 - 2028)
Electric Ship, Autonomy Level Outlook (Revenue, USD Billion, 2016 - 2028)
Electric Ship, Vessel Type Outlook (Revenue, USD Billion, 2016 - 2028)
Electric Ship, Regional Outlook (Revenue, USD Billion, 2016 - 2028)
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/24sm1u
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, will host its fourth-quarter and full-year 2021 financial results conference call on Wednesday, February 23, 2022 at 9:00 a.m. ET.
On the call, Chairman, President and Chief Executive Officer Alan S. McKim, Executive Vice President and Chief Financial Officer Michael L. Battles, and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.
Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881. Please dial in at least 10 minutes prior to the start of the call. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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With Eco-Energy’s relationships, global logistics and market intelligence, Eco-Specialty Alcohols is the natural partner in the high-purity alcohol trade
FRANKLIN, Tenn.--(BUSINESS WIRE)--Eco-Energy LLC, a leading biofuel supply chain and energy solutions company, today announced the establishment of Eco-Specialty Alcohols, Eco-Energy’s high-purity alcohol marketing and trading division.
Eco-Specialty Alcohols leverages Eco-Energy’s ethanol marketing relationships to supply high-purity alcohol to customers. High-purity alcohol applications range from beverage and food to personal care products, institutional and home cleaning, consumer products, and chemical intermediates.
"Ethanol is a renewable, earth-friendly alcohol that has a variety of applications, including its use as a high-purity alcohol,” said Brian Simpson, Chief Marketing Officer of Eco-Energy. “The expansion into this sector is a natural move for Eco-Energy given our long-standing relationships with great producers in the United States, as well as our seamless logistics operation. I am confident customers will come to rely on Eco-Specialty Alcohols’ expertise for their high-purity alcohol needs."
Eco-Specialty Alcohols helps producers and buyers navigate the unique and variable ethanol composition requirements throughout the high-purity alcohol marketplace. Eco-Specialty Alcohols distinction comes from Eco-Energy’s biofuel marketing relationships with bulk ethanol producers who have upgraded operations to meet high-purity alcohol demand. Today, Eco-Specialty Alcohols is marketing for two plants: Commonwealth Agri-Energy in Hopkinsville, Kentucky and Western New York Energy in Medina, New York.
Initial product offerings are pure and denatured U.S. origin grain ethanol in both 190 and 200 proof forms. Eco-Specialty Alcohols will be able to provide exceptional service and value by integrating FCC / USP Excipient grade and high-purity industrial grade alcohol into the existing Eco-Energy marketing and distribution operations. Logistics options include bulk packaging, tank trucks, rail tank cars, ocean containers and bulk vessel parcels. The ability to combine this product range with Eco-Energy’s core strengths in domestic and global logistics and market intelligence sets Eco-Specialty Alcohols apart in the high-purity ethanol trade.
ABOUT ECO-ENERGY, INC.
Eco-Energy is an integrated energy marketer and midstream services company with $4 billion in annual revenue. Its core business is the marketing and transportation of ethanol and natural gas across the US, Canada, and Internationally. With more than 175 employees, Eco-Energy provides a complete portfolio of services that leads the industry, bringing a level of knowledge and expertise that its partners have come to rely on.
Derrick Rawson
Director of Industrial and Beverage Alcohol
615-645-4466
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ANAHEIM, Calif.--(BUSINESS WIRE)--$WLDN--Willdan Group, Inc. (Nasdaq: WLDN) announced today that Utah State University (USU) has awarded it a contract to develop a strategic decarbonization plan for the USU central utility plant. As part of this contract, Willdan will identify and help prioritize a series of projects for construction that focus on the campus’s central heating, cooling, and power generation systems. This contract is part of a larger initiative led by the USU Greenhouse Gas Reduction Steering Committee to accelerate the reduction of greenhouse gas emissions and become a carbon-neutral campus by 2050.
“We’re pleased to offer Utah State University the expertise of our in-house engineers, developers, and energy policy experts as they take this important step,” said Tom Brisbin, Willdan’s CEO and Chairman. “USU is one of the largest energy consumers in the state, so the projects we identify may have a significant impact on the future of building decarbonization in Utah.”
About Utah State University
Since its founding in 1888, Utah State University has evolved from a small agricultural college tucked away in the Northern Utah mountains to a thriving, multi-campus research university known throughout the world for its intellectual and technological leadership. Utah State is a premier student-centered land-grant and space-grant university that fosters the principle that academics come first by cultivating diversity of thought and culture, and by serving the public through learning, discovery, and engagement.
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com. Follow Willdan on LinkedIn, Facebook, and Twitter.
Forward-Looking Statements
Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended January 1, 2021. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Al Kaschalk
VP Investor Relations
310-922-5643
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Enhanced software platform GridAmp™ to run Swell’s 80-megawatt distributed power plant in Hawai‘i
LOS ANGELES--(BUSINESS WIRE)--Swell Energy Inc. (Swell), an energy and smart grid solutions provider, has announced the roll out of GridAmp, its proprietary Distributed Energy Resource Management System (DERMS). The enhanced DERMS platform aggregates Distributed Energy Resources (DERs), including solar and battery storage devices, into virtual power plants (VPPs) to provide advanced grid capabilities to utilities.
GridAmp will control multiple grid service operations with behind-the-meter solar-powered batteries within Swell’s Home Battery Rewards program, an 80-megawatt distributed VPP being developed on O‘ahu, Maui and Hawai‘i islands -- as contracted with Hawaiian Electric and approved by the Hawai‘i Public Utilities Commission.
“Working with Power Partner grid service aggregators like Swell is an essential part of reaching Hawaiian Electric’s goal to cut carbon emissions from power generation 70% by 2030 and achieving net zero carbon emissions from power generation by 2045 or sooner,” said Yoh Kawanami, Hawaiian Electric co-director of Customer Energy Resources.
Swell’s GridAmp software is designed to maximize revenue across multiple utility and customer value streams using optimization algorithms and machine learning models that inform and automate DER and VPP operations. GridAmp provides a differentiated ability to co-optimize or “stack” multiple grid services to support a variety of energy objectives at the customer, utility and wholesale market levels.
The software supports interoperability and customization for various utility markets and DER integrations. GridAmp is designed to be inclusive across various technologies and manufacturers, expanding the breadth of Swell’s VPP partnerships and geographies. The DERMS platform is integrated with Swell’s operations and customer facing platforms to further enable rapid turnkey deployment of DERs and enhance participation in VPPs.
“GridAmp co-optimizes the VPP experience for end-users and the utility, fundamentally enhancing value and customer participation in generating, consuming, and transacting renewable electricity,” said Suleman Khan, CEO of Swell. “Through our various technology partnerships and a comprehensive ‘VPP in a Box’ solution, Swell unites homeowners, businesses, industry partners, and utilities behind the shared goal of utilizing VPPs to yield reliable, cost-effective, flexible energy in an equitable manner.”
Swell’s first GridAmp enabled VPP in Hawai‘i will simultaneously balance three separate grid services, namely Capacity Build, Capacity Reduction and Fast Frequency Response, to help manage Hawaiian Electric’s energy supply by absorbing excess renewable energy from the grid as production spikes and dispatching energy when needed, thus reducing peak demand and providing 24/7 fast frequency response to balance the three island grids.
Solar powered energy storage systems located at homes and businesses of Hawaiian Electric customers will collectively and autonomously meet the customer’s demands and respond to the grid’s dynamic needs. In return, Swell’s VPP customers receive GridRevenue™ and gain additional GridSavings by shifting their energy use throughout the day. These capabilities and services are available to utilities across the country. To learn more about GridAmp, visit www.swellenergy.com/utilities. To enroll in the Home Battery Rewards program in Hawaii, visit www.swellenergy.com/HI.
About Swell Energy
Swell Energy is creating a greater grid for the greater good. The energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by enabling consumers to take control of their energy use and cost, achieve energy security, and participate in the transactive grid. Swell Energy provides homeowners and businesses with financing and virtual power plant programs, while partnering with trusted local solar and solar+storage companies for seamless, high-quality installations. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy also delivers resilient virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system. For more information, visit www.swellenergy.com and follow the company on Facebook, LinkedIn and Twitter.
About Hawaiian Electric
Established in 1891, Hawaiian Electric serves 95% of Hawaii’s 1.4 million residents on the islands of Oahu, Maui, Hawaii, Lanai and Molokai. Hawaiian Electric is committed to empowering its customers and communities by providing affordable, reliable, clean and sustainable energy. In 2021, 38% of the electricity used by Hawaiian Electric customers came from a diverse mix of renewable resources including waste-to-energy, biomass, geothermal, hydro, wind, biofuels and solar, both utility-scale and customer-sited systems. For more, visit: www.hawaiianelectric.com.
Kim Sykes
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HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) today announced publication of its inaugural Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available at https://hessmidstream.gcs-web.com/sustainability-report.
Leading sustainability reporting frameworks were used to develop the Hess Midstream Sustainability Report including the Energy Infrastructure Council and GPA Midstream Association Environment, Social and Governance Reporting Template, the Sustainability Accounting Standards Board standard for oil and gas – midstream, the Taskforce for Climate-Related Financial Disclosures and the Global Reporting Initiative Standards.
The Hess Midstream Sustainability Report is a companion to Hess Corporation’s 2020 Sustainability Report, available at www.hess.com/sustainability, which provides greater detail on sustainability strategy, management systems and programs for Hess Corporation that also apply to Hess Midstream.
About Hess Midstream
Hess Midstream is a fee based, growth oriented midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Investor:
Jennifer Gordon
(212) 536-8244
Media:
Robert Young
(713) 496-6076
CHICAGO--(BUSINESS WIRE)--$EXC--The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.3375 per share on Exelon’s common stock. The dividend is payable on Thursday, March 10, 2022, to Exelon’s shareholders of record as of 5 p.m. Eastern time on Friday, Feb. 25, 2022.
About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.
Andrew Plenge
Investor Relations
312-394-2345
Nick Alexopulos
Corporate Communications
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