Business Wire News

BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations announced today that its Club Services Team won the Best-in-Class Remote Contact Center of 2021 award at the CCW Excellence Awards ceremony which took place in Las Vegas, Nevada. The CCW Best-in-Class Remote Contact Center award acknowledges the team that demonstrates exceptional operational performance and a customer-centric organizational culture with a fully remote workforce.



“This award is especially meaningful because it is a testament to our team’s hard work and ability to quickly adapt to a remote setting, as well as overcome the new challenges that we’ve had to navigate due to COVID-19. Despite the hurdles of the pandemic, our Club Services associates stepped up to the challenge and continued to deliver award-winning customer care,” commented Angela Blevins, Bluegreen Vacations’ Senior Vice President of Club Services and Customer Care. “At Bluegreen, the safety and health of our guests and our employees is job number one, and we are very pleased to see the dedication of our Club Services team acknowledged by CCW’s Best-in-Class award.”

About CCW

CCW, Customer Contact Week, is the world’s largest customer contact event series. For over 20 years, CCW serves more than 3,000 attendees annually ranging from customer titles of all types to the many professionals responsible for holistic customer experience design and delivery. CCW is brought to you by the Customer Management Practice – the Analyst, Advisor, and Industry Network for all things Customer Management.

About Bluegreen Vacations:

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a Florida-based holding company whose operations relate to the operations of its wholly owned subsidiary, Bluegreen Vacations Corporation, a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 68 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company, through Bluegreen Vacations Corporation, also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties. For further information, please visit us at www.BluegreenVacations.com.


Contacts

Bluegreen Vacations Contact Info:
Media and Public Relations: Marcia McLaughlin
Telephone: 561-912-8115
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.25 cents per share on the Company's common stock.


The dividend will be paid on Feb. 15, 2022 to shareholders of record on Jan. 31, 2022. The Company's indicated annual dividend rate is $1.93 per share.

About NW Natural Holdings

Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.

NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 780,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.

NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. With all pending acquisitions closed, NW Natural Water will serve approximately 140,000 people through over 58,000 connections. Learn more about our water business at nwnaturalwater.com.

Additional information is available at nwnaturalholdings.com.


Contacts

Investor Contact: Nikki Sparley
Phone: 503-721-2530
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the fourth quarter and full year ended Dec. 31, 2021 before the opening of market on Monday, Feb. 28, 2022. The company’s press release and financial statements will be available on the company’s website at https://investors.itron.com on Feb. 28, 2022 at 8:30 a.m. EST followed by the management conference call at 10 a.m. EST to discuss the results.


Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company’s website at https://investors.itron.com/events.cfm. Participants should access the webcast 10 minutes prior to the start of the call to install and test any necessary audio software. Participants can also pre-register for the webcast at any time using the link above.

A telephone replay of the conference call will be available through Mar. 5, 2022. To access the telephone replay, dial 888-203-1112 or 719-457-0820 and enter passcode 5471582.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.


Contacts

Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643

David Means
Director, Investor Relations
(737) 242-8448

Rebecca Hussey
Manager, Investor Relations
(509) 891-3574

  • Carbon volume on Xpansiv market CBL exceeded 120M; market share doubled to 36%.
  • CBL GEO®—the world’s first voluntary carbon offset benchmark contract—rallied 899% on year.
  • Launch of groundbreaking digital platform that enables commodity valuation by ESG factors, creating Digital Natural Gas® and Methane Performance Certificates as new tradable instruments.

NEW YORK & SAN FRANCISCO & SYDNEY & LONDON & MILAN--(BUSINESS WIRE)--Xpansiv, the global marketplace for ESG commodities, announced extraordinary progress in 2021, including robust growth across its exchanges and the successful launch of a digital platform for valuing commodities based on critical ESG data. Starting with natural gas, this comprehensive platform incorporates factors that include methane emissions and water usage—registered using independently verified source data—to create market incentives for sustainable production.



“Last year Xpansiv experienced phenomenal growth in our markets, data service, and technology businesses,” said John Melby, Xpansiv President and COO. “The CBL GEO became the first widely accepted voluntary carbon benchmark, we expanded our ESG commodity ecosystem with key acquisitions, and we launched a landmark Digital Fuels Program. We're thrilled to continue to expand our presence as the global nexus for ESG commodities where data becomes proof, and intentions become actions.”

Voluntary Carbon Market Trading Volume Up 288%

Total carbon-offset volume transacted on Xpansiv exchange CBL exceeded 121.5M mtCO2e (tons) in 2021, up 288% from 2020 levels. More than 150 market participants—including corporate sustainability managers, project developers, trading firms, banks, and brokers—were active in CBL’s carbon market, an increase of 131% on the year.

A key development in the growth and evolution of the market was the uptake of CBL’s Global Emissions Offset (GEO®) and Nature-Based Global Emissions Offset (N-GEO) spot contracts—the first benchmark instruments for the voluntary carbon market (VCM). The contracts were quickly established as pricing benchmarks for the technology-based and nature-based VCM market segments they track, and more than 16 million tons of carbon were transacted through the instruments during 2021.

Beyond this evolutionary milestone, CME Group launched trading in CBL GEO and N-GEO futures contracts on March 1 and August 1, respectively. The futures contracts saw total volume transacted of more than 47.1M tons with an open interest record of 15.3M tons set Dec. 29. On Dec. 31, CBL delivered 5.9M credits to settle the December futures contracts.

CBL growth was fueled by a surge in voluntary carbon market activity driven by corporate net-zero and ESG programs. In 2021, the global VCM grew from approximately $300 million in 2020 to more than $1 billion, based on the latest figures from Ecosystem Marketplace, which indicated that CBL’s market share grew from 17% in 2020 to 36% based on volume, and more than 41% based on notional value.

Xpansiv Launches Digital Natural Gas and Methane Performance Certificates

As part of its new Digital Fuels Program, Xpansiv developed and launched standardized digital assets designed to enable markets to value natural gas produced with measurable ESG attributes:

  • Digital Natural Gas (DNG) collects and records empirical data associated with individual MMBtus of natural gas production, capturing and verifying provenance and other ESG attributes, including third-party certifications from TrustWell and Equitable Origin.
  • Methane Performance Certificates (MPC) register methane-emissions intensities based on independently validated data taken directly from continuous monitoring at well pads and production facilities. S&P Global Platts assesses an MPC price daily.
  • Market response has been rapid with six contracted producers in Canada and the US onboarding production data onto the Xpansiv DF Registry. The first MPC transaction occurred in October, and by year end more than 2,000 contracts representing 5 million MPCs traded. Currently, approximately 1 billion cubic feet (Bcf)/day of continuous natural gas production data is being uploaded to the Xpansiv platform through data ingestion partner Validere. Additional producers, traders, and buyers are in the process of contracting to onboard to the registry.
  • Starting with August 2021 production, Xpansiv began registering, transferring, and retiring DNG with Equitable Origin EO100 certification and Clearstone Engineering ClearCalc methane emissions intensity attributes to facilitate multiple physical digital natural gas transactions. The transactions involved several counterparties, and the digital assets are settling each month across the Xpansiv DF Registry.

Xpansiv will continue to evolve and expand the program in 2022 with the addition of a wide range of new partners and stakeholders. Project Canary is joining Xpansiv’s Digital Fuels Program, providing Trustwell certifications and continuous methane monitoring data to the responsibly sourced natural gas market.

“2021 was the year Xpansiv brought to market its extensible platform to value commodities based on data-driven ESG performance,” said Xpansiv CEO Joe Madden. “Products and price signals that value ESG performance provide the foundation necessary to support market transformation.”

XSignals Sets Market Data Standard, Forges Platts Alliance to Build Transparency

2021 marked the first full year of the Xpansiv XSignals market-data business, built to deliver high-quality, exchange-derived data previously unavailable for the VCM and ESG commodity markets. XSignals provides unprecedented benefits for traders and risk and compliance teams. The year culminated in a groundbreaking partnership forged with S&P Global Platts, enabling the creation of new benchmarks that bring increased transparency, rigor, and integrity to the pricing of VCM assets, providing the market with greater confidence in a period of rapid transition. XSignals end-of-day prices were rapidly adopted by leading price-reporting agencies and carbon market news outlets, and subscriptions grew by 300% year over year along with a doubling of average sales per customer.

REC Trading Up 28% with Sharp Growth in Solar Instruments

CBL renewable energy certificate (REC) volumes rose 28% to 2,426 GWh during the year, driven by broader market participation and a sharp uptick in solar REC transactions facilitated, in part, by the acquisition of SRECTrade in November. Solar transactions on CBL increased 51% year over year to 315 GWh in 2021. The number of companies active in CBL’s REC market also grew from 73 to 88, enhancing price discovery and liquidity formation on the exchange.

H2OX Water Transactions Up 24%, Membership Breaks 1,000 Mark

Xpansiv market H2OX is the leading spot exchange for trading water allocations and rights in Australia. Total water allocation sales in 2021 increased to 248 gigalitres (GL), a year-over-year increase of 24% from the 200 GL transacted in 2020, with 146 new participants registered for a total of 1,113—an increase of 15% for the year.

Favorable weather conditions increased water availability across the water market, driving increased water demand from irrigators to supply a bumper summer cropping program. Water prices responded to more favorable conditions with the volume weighted price for 2021 falling to $114ML from $333ML in 2020, increasing the number of market participants as lower value irrigated commodities became financially viable once again.

CSO Electronic Platform Volumes Increase

OTX, acquired by Xpansiv in March, is a leading market-access provider in the compulsory stockholdings obligations (CSO) market, rapidly expanding into renewable fuels and renewable fuel certificates. Total CSO volumes reserved via deals concluded in 2021 were 18.2 million tonnes per month spread over OTX’s trade advisory and electronic platform. Trade volumes fell 16.5% year over year driven by a decrease in CSO mandates across Europe from contracting fuel consumption during the COVID-19 pandemic, as well as regulatory changes in the United Kingdom. The May 2021 launch of a new version of the OTX electronic platform drove its share of total CSO platform volume to approximately 45%—a significant increase over previous levels. 

EMA Portfolio Management System Processes More than One Billion Credits

Xpansiv’s portfolio management system, EMA, enables users to transact and manage multi-asset renewable energy and carbon portfolios across 11 registries from a single screen. In 2021, more than 1 billion credits and 4 million transactions were processed through EMA. The American Carbon Registry (ACR) was also integrated into EMA, expanding the number of registries available through the platform, and providing seamless integration with CBL for trading the GEO, N-GEO, and recently launched C-GEO contracts. Plans for 2022 include registry integrations with additional carbon and renewable registries. Additional functionality in EMA—including expanding features in the recently launched EMA Portal, which provides access to CBL prices, user guides, and alerts, as well as a suite of APIs—will also be released in 2022.

About Xpansiv

Xpansiv is the global marketplace for ESG-inclusive commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, the leading spot exchange for water; XSignals, which provides end-of-day and historical market data; and EMA, the leading multi-registry portfolio management system for all ESG-inclusive commodities. Xpansiv is the digital nexus where ESG and price signals merge. Xpansiv.com


Contacts

PR Contacts
Rob Dalton and Peter Burton, This email address is being protected from spambots. You need JavaScript enabled to view it.
Charlie Morrow and Sam Barber, This email address is being protected from spambots. You need JavaScript enabled to view it.

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract(1) for Equinor’s Smørbukk Nord development.


The contract covers a high-pressure, high-temperature subsea production system and associated equipment for a brownfield tieback in the Åsgard field in the Norwegian Continental Shelf, where TechnipFMC has a large installed base. The award follows front end engineering and design work on the project in 2021.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Our ability to deliver this optimized solution for Equinor is possible due to our close collaboration with the client, portfolio of subsea equipment, and integrated execution model. We’re delighted to be once again delivering an iEPCI™ project for Equinor.”

The installation campaign will use TechnipFMC’s battery hybrid vessel, which will reduce greenhouse gas emissions through reduced fuel consumption.

(1)The contract award was included in Q4 2021 inbound orders.

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.


Contacts

Investor relations

Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations

Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

NYON, Switzerland--(BUSINESS WIRE)--#cleantech--EH Group Engineering AG (“EH Group”), a developer and manufacturer of innovative low-cost and energy-dense fuel cells, today announced it had raised over CHF5m in Pre-Series A funding. AP Ventures, a significant investor in breakthrough hydrogen technologies, participated in the raise. Proceeds will go towards the installation of EH Group’s own proprietary stack assembly technology as well as to the continued development of the Company’s first commercial fuel cell stack products. EH Group will be looking to raise additional capital in 2022 to finance its progression to commercial-scale roll-out.



Hydrogen fuel cells are increasingly being viewed as an attractive technology to decarbonise large parts of industry, particularly heavy-duty transport. Two key barriers to more widespread adoption of fuel cells are the costs and production scale of fuel cell systems. EH Group has developed proprietary technology to help address both these constraints, with the aim of creating energy dense fuel cells that can be produced at a scale and cost to competitively meet global demand across mobile and stationary applications.

“We are delighted to have a marquee investor in AP Ventures join us on our ambitious journey. Their longstanding pedigree in investing across the hydrogen value chain is second to none. We look forward to capturing synergies and deepening our relationship as we work to accelerate our fuel cell deployments”, says Christopher Brandon at EH Group.

“We are excited to invest in, and support Mardit, Chris and the rest of the team at EH Group. We believe this technology has the potential to be game-changing, and targets two important challenges for making fuel cells and hydrogen, as a global decarbonisation vector, more competitive”, says Andrew Hinkly, Managing Partner at AP Ventures.

About EH Group

Founded in 2017, EH Group is focused on the design and production of its innovative fuel cell technology, across both stationary and mobile applications. Its high-performance fuel cell stacks and systems offer market leading power density. The implementation of a fully automated production process is aimed at widespread deployment of its fuel cell technology for a decarbonised future. EH Group is based in Switzerland. https://www.ehgroup.ch/

About AP Ventures

AP Ventures is headquartered in London and manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses which aim to solve global challenges such as renewable energy integration, resource scarcity and a growing population. AP Ventures has been investing in the hydrogen industry since 2013 and is recognized as a leading venture capital fund across this value chain. AP Ventures manages $395 million of assets on behalf of 12 LPs and presently has a portfolio of 17 technology companies across the hydrogen value chain. AP Ventures is led by Andrew Hinkly (Managing Partner) and Kevin Eggers (Partner). More info at: www.apventures.com


Contacts

For further information contact:
Christopher Brandon, Co-Founder
This email address is being protected from spambots. You need JavaScript enabled to view it.

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)

Distribution

The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended December 31, 2021, of $0.52 per unit.

This corresponds to $2.08 per outstanding unit on an annualized basis.

This cash distribution will be paid on February 10, 2022 to all unitholders of record as of the close of business on January 28, 2022.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.

Forward looking statements

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with the SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.


Contacts

KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Tel: +44 7496 170 620
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--#DNOW--NOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss fourth quarter and full-year 2021 earnings on Thursday, February 17, 2022 at 8:00 am (US Central Time). Financial results for the fourth quarter and the year ending December 31, 2021 are expected to be released that morning before the market opens.


The call will be broadcast through the Investor Relations link on NOW Inc.’s web site at ir.dnow.com on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online for thirty days following the conference. Participants may also join the conference call by dialing 1-800-446-1671 within North America or 1-847-413-3362 outside of North America five to ten minutes prior to the scheduled start time and ask for the “NOW Inc. Earnings Conference Call” or the “DistributionNOW Earnings Conference Call.”

DistributionNOW is a worldwide supplier of energy and industrial products and engineered equipment solutions. With approximately 2,400 employees and a network of locations worldwide, we offer a suite of digital solutions branded as DigitalNOW® that provide customers world-class technology for digital commerce and data and information management. Our locations provide products and solutions to exploration and production companies, energy transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers and engineering and construction companies. DistributionNOW has a legacy of over 150 years and is headquartered in Houston, Texas.


Contacts

Mark Johnson
Senior Vice President and Chief Financial Officer
(281) 823-4754

DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending December 31, 2021 on February 22, 2022, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on February 22, 2022 at 4:00 p.m. Eastern time to discuss financial results.


This webcast may be accessed at:

https://events.q4inc.com/attendee/223318006

An audio archive of this webcast will be available using the above noted link through March 8, 2022.

About Holly Energy Partners, L.P.:

Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. The Partnership, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.


Contacts

Holly Energy Partners, L.P.
Craig Biery, 214-954-6511
Vice President, Investor Relations
or
Trey Schonter, 214-954-6511
Investor Relations

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on January 12, 2022, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended December 31, 2021. These distributions will be paid on February 14, 2022 to holders of record at the close of business on January 31, 2022.


Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.


Contacts

Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the fourth quarter and full year 2021 on Wednesday, February 16, 2022, after the market closes.


The company will also conduct a conference call on Wednesday, February 16, 2022 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update including an outlook for 2022. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.

The information contained in this press release is available on our website at energytransfer.com.


Contacts

Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795

Media Relations:
Vicki Granado
214-840-5820

Leading online EV charging community achieves over 100% YOY increase in registrations in 2021, in addition to crossing 1 million annual downloads for the year

EL SEGUNDO, Calif.--(BUSINESS WIRE)--PlugShare, the world’s leading EV community and a part of the EVgo Inc. (Nasdaq: EVGO) family since mid-2021, today announced that its platform has reached over two million registered users globally. This triple-digit growth in user registrations comes on the heels of the platform surpassing over one million new app downloads over the course of 2021, further solidifying PlugShare’s position as the leading platform used by EV drivers for locating and selecting public chargers.


“PlugShare was pioneered by a group of software entrepreneurs whose vision was to simplify the charging experience for EV drivers. And it’s clearly working,” said Cathy Zoi, CEO of EVgo. “With 2 million registered users contributing reviews, pictures, and more, it’s no wonder that the app continues to be the go-to platform for EV drivers around the world as EV adoption skyrockets. We’re thrilled with PlugShare’s recent milestones and look forward to celebrating many more ahead as EV momentum continues to build.”

PlugShare is designed to be an interactive resource for EV drivers, providing them with information about available charging stations nearby or on planned trip routes, as well as offering a platform for sharing their feedback on stations, pictures, check-ins, and more. While anyone can download the PlugShare app for up-to-date charging station information across networks worldwide, only registered users can leave reviews of their charging experience, let other drivers know how long they plan to use a specific charging station, and communicate and share tips with other EV drivers to improve the charging experience. The growth and momentum of the PlugShare community continually enhances the accuracy of the PlugShare map and informs charger PlugScores – or numerical ratings that reflect the recent charging experiences of users. In 2021, PlugShare drivers provided over 1.3 million ratings of their charging experiences.

Registered PlugShare users can also take advantage of other interactive features in the app or on PlugShare.com, including the trip planner – an interactive and customizable tool that helps EV drivers better plan for trips by identifying relevant charging stations within charging networks, hotels, restaurants, rest areas, and more along their preferred route – and user messaging features, as well as submit comments, upload photos and leave reviews for specific stations. Registered users can also utilize Pay with PlugShare, a feature that enables drivers to pay for and activate public charging stations directly from the app on their mobile devices.

“From the early days with less than 5,000 EVs on the road, PlugShare has constantly been focused on connecting the EV community to make it easier for drivers,” said Nick Wild, co-founder and President of PlugShare. “PlugShare surpassing 2 million registered users speaks volumes about how far the EV revolution has come. Our platform will continue to scale to support the continued exponential growth of EV adoption as PlugShare is poised to deliver even more exciting new features for both first adopters and new EV drivers around the world.”

For more information and to find the location of EV chargers within the EVgo charging network, visit www.evgo.com and www.plugshare.com.

About PlugShare
Based in El Segundo CA, PlugShare maintains the most comprehensive census of EV infrastructure in the world. They make the PlugShare app for iOS, Android, and the web, the most popular EV driver app globally, PlugShare also provides sophisticated data tools, reports, custom consulting and comprehensive research on EVs for automakers, utilities, charging networks, government and the rest of the EV industry. It operates the world's largest EV driver survey research panel, PlugInsights, now with over 72,000 members.

About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 310,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.


Contacts

For Investors:
Ted Brooks, VP of Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
310-954-2943

For Media:
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DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) (the "Company") plans to announce results for its quarter ending December 31, 2021 on February 23, 2022, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on February 23, 2022 at 8:30 a.m. Eastern time to discuss financial results.


This webcast may be accessed at:

https://events.q4inc.com/attendee/868741482

An audio archive of this webcast will be available using the above noted link through March 9, 2022.

About HollyFrontier Corporation:

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, Washington and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.


Contacts

HollyFrontier Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Investor Relations

Magellan and Enterprise Agree to Waive Related Pump Over Fee Between Terminals

HOUSTON & LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, Magellan Midstream Partners, L.P. (NYSE: MMP), and Enterprise Products Partners L.P. (NYSE: EPD) today announced that the ICE Midland WTI American Gulf Coast (Midland WTI AGC) futures contract is expected to be live for trading beginning January 24.


The contract (ICE: HOU) will be deliverable at both the Magellan East Houston (MEH) terminal and Enterprise Crude Houston (ECHO) terminal, which are collectively supplied by over four million barrels per day of Midland-quality WTI crude pipeline capacity. The first contract month to deliver to both the MEH and ECHO terminals will be the March 2022 contract.

“This contract has been developed by working with industry participants every step of the way and marks an important milestone in the development of the U.S. Gulf Coast as the benchmark location for pricing U.S. crude,” said Jeff Barbuto, Global Head of Oil Markets at ICE.

The futures contract terms state that the seller has the option to deliver to either the MEH or ECHO terminal, and buyers have the ability to indicate their terminal of preference in which to take delivery. In order to further facilitate trading between the terminals to create one large liquidity pool, during the first year Magellan and Enterprise have agreed to transfer Midland WTI barrels between the terminals for no charge if the barrels are not delivered to the buyer’s preferred terminal, and at 10 cents per barrel for all other WTI transfers meeting HOU quality specifications.

“Based on market feedback received during the development of the contract rules and specifications, it became clear that a solution was needed to help ensure buyers were able to receive crude oil at the terminal of their choosing,” said Brent Secrest, Executive Vice President and Chief Commercial Officer for the General Partner of Enterprise Products Partners. “We are pleased to work with Magellan to provide this flexibility at no cost for Midland WTI AGC barrels, and to go one step further in standardizing general transfers of WTI meeting the HOU quality specifications in support of this contract.”

“Customer feedback has been supportive of this new futures contract, and we are excited to work with ICE and Enterprise to make what we believe will be a more efficient contract available in the Houston Gulf Coast region,” said Aaron Milford, Magellan’s Chief Operating Officer.

The Midland WTI AGC futures contract is expected to have export access to over 14 ship docks in the Houston area. Together Magellan and Enterprise’s Houston distribution systems offer 60 million barrels of combined crude storage capacity. These distribution systems connect to a further 90 million barrels of storage capacity, bringing the total to around 150 million barrels of total crude storage capacity in the Houston area, as well as offering additional direct access to water for exports and floating storage.

###

Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. Magellan owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership's assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner, as well as Magellan and ICE expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s, Magellan’s and ICE’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise, Magellan and ICE do not intend to update or revise their respective forward-looking statements, whether as a result of new information, future events or otherwise.

ICE- CORP

Source: Intercontinental Exchange


Contacts

ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351

ICE Investor Contact:
Mary Caroline O’Neal
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(770) 738-2151

Magellan Contacts
Paula Farrell
Investor Relations
(918) 574-7650
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Bruce Heine
Media Relations
(918) 574-7010
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Enterprise Contacts
Randy Burkhalter
Investor Relations
(713) 381-6812 or (866) 230-0745
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Rick Rainey
Media Relations
(713) 381-3635
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SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has recently been awarded $6.0 million in contracts in Egypt and Saudi Arabia. Projects will be executed in Perma-Pipe’s facilities in the current quarter.


The newly awarded projects are part of major infrastructure developments both in Al-Alamin, Egypt and Misk City, Saudi Arabia. The projects will utilize Perma-Pipe’s fabrication and coating capabilities, and the XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.

Adham Sharkawy, General Manager for Perma-Pipe Egypt stated, “This is a significant award from EGEMECH which reinforces our partnership together. Growth in the fabrication market has been part our strategic plan and we are proud to we have achieved this goal in 2021.”

Raed Al Saleh, General Manager for Perma-Pipe Saudi Arabia states, “This is our first project with Future Horizons Contracting and we are pleased they placed their trust in Perma-Pipe. Misk City is designed to be sustainable, pedestrian-friendly and to have green open spaces to promote sustainable development. It is exciting to be part of this master plan, providing a cost-effective, energy efficient system that reduces greenhouse emissions to enhance sustainability.”

Saleh Sagr, Sr. Vice President for Perma-Pipe’s MENA region commented, “I am excited to announce these project awards. In Egypt, it is further confirmation of the success of our strategy to establish a position in a growing local market. In Saudi Arabia, the project award confirms our leading market position and provides us the opportunity to demonstrate our industry-leading products and services to another new customer.”

David Mansfield, President and CEO commented, "We are delighted with both of these awards. It has been encouraging to see the development of strong leadership and a passion for high levels of customer service that has resulted in these accomplishments.”

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.


Contacts

David Mansfield, President and CEO
Perma-Pipe Investor Relations
847.929.1200
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Utility-scale platform will inform PGE’s work to meet clean energy targets

WILSONVILLE, Ore.--(BUSINESS WIRE)--$GWH #battery--ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE: GWH), a U.S. manufacturer of long-duration batteries for utility-scale and commercial energy storage applications, announced today that it has entered into an agreement with Portland General Electric (PGE) in Oregon to test and demonstrate the ESS Energy Centerplatform.



The 3 MWh Energy Center is expected to come online in mid-2022 and be used to demonstrate multiple use cases, including frequency response, contingency reserve, voltage and VAR support, demand response and resource optimization. The project will be located on land adjacent to ESS’ factory headquarters in Wilsonville, Oregon.

Building a reliable, affordable clean energy future requires us working together with industry innovators,” said Darren Murtaugh, Senior Manager of Grid Edge Solutions at PGE. “Our collaboration with ESS on the Energy Center will provide important learnings on our path to meeting our greenhouse gas emission reduction targets.”

As an American manufacturer of safe, sustainable long-duration energy storage technology for a growing global market, I couldn’t be happier that the first Energy Center deployment will be right here in our backyard with Portland General Electric,” said Eric Dresselhuys, CEO of ESS. “The Energy Center platform has been developed as a flexible long-duration storage solution with a planned 25-year operating life, and this project will help PGE work towards its renewable energy targets.”

The Energy Center is the ESS “battery-in-a-building” platform designed for utility-scale, front-of-meter applications that decouples power and storage capacity to enable up to GW-scale projects with variable storage durations ranging up to 12 hours. Its environmentally benign chemistry – composed of iron, salt and water – make this solution one of the easiest to permit, deploy and maintain. Power (rate of electricity flow) and capacity (total amount of energy held) operate independently, providing the flexibility to use the battery for multiple uses simultaneously.

This announcement demonstrates the growing interest in the market for longer-duration energy storage and iron-flow technology specifically. In recent months, ESS has announced projects with many leading global energy companies including Enel Green Power, San Diego Gas and Electric, GRUPO SAESA, SB Energy and others.

About ESS Inc.

ESS Inc. (NYSE:GWH) designs, builds and deploys environmentally sustainable, low-cost, iron flow batteries for long-duration commercial and utility-scale energy storage applications requiring from 4 to 12 hours of flexible energy capacity. The Energy Warehouse and Energy Center use earth-abundant iron, salt, and water for the electrolyte, resulting in an environmentally benign, long-life energy storage solution for the world’s renewable energy infrastructure. Established in 2011, ESS Inc. enables project developers, utilities, and commercial and industrial facility owners to make the transition to more flexible, non-lithium-ion storage that is better suited for the grid and the environment. For more information, visit www.essinc.com.

About Portland General Electric

Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon, with operations across the state. The company serves approximately 900,000 customers with a service area population of 2 million Oregonians in 51 cities. PGE owns 16 generation plants across Oregon and other Northwestern states and maintains and operates 14 public parks and recreation areas. For over 130 years, PGE has delivered safe, affordable and reliable energy to Oregonians. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. PGE and its 3,000 employees are working with customers to build a clean energy future. In 2020, PGE, employees, retirees and the PGE Foundation donated $5.6 million and volunteered 18,200 hours with more than 400 nonprofits across Oregon. For more information visit portlandgeneral.com/news.

Forward-Looking Statements

This communication contains certain forward-looking statements, including statements regarding ESS’ and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions 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 ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS’ control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Source: ESS Inc.


Contacts

Investors:
Erik Bylin
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Media:
Gene Hunt
Trevi Communications, Inc.
978-750-0333 x.101
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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the fourth quarter of 2021. The distribution will be paid on February 4, 2022 to unitholders of record as of the close of business on January 24, 2022.


Fourth Quarter 2021 Earnings Conference Call

In addition, USA Compression will release its fourth quarter 2021 results prior to the opening of U.S. financial markets on Tuesday, February 15. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.

By Phone:

Dial 888-394-8218 inside the U.S. and Canada at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call. Investors outside the U.S. and Canada should dial 323-701-0225. The conference ID for both is 9375377.

 

 

A replay of the call will be available through February 25, 2022. Callers inside the U.S. and Canada may access the replay by dialing 888-203-1112. Investors outside the U.S. and Canada should dial 719-457-0820. The conference ID for both is 9375377.

 

By Webcast:

Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at http://investors.usacompression.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.

ABOUT USA COMPRESSION PARTNERS, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

NON-U.S. WITHHOLDING INFORMATION

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

FORWARD-LOOKING STATEMENTS

Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.


Contacts

Matt Liuzzi / 512-369-1624
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VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today issued a letter to shareholders from Ron Dutt, CEO of Flux Power.


Dear Fellow Shareholders,

On behalf of the entire team at Flux Power, we hope you had a wonderful Holiday Season and wish you a Happy New Year!

In reviewing calendar year 2021, Flux Power experienced continued high growth amidst numerous challenges and opportunities. The year was highlighted by increasing demand for our lithium-ion battery packs and the addition of new customers and products. The year ended with over 10,000 high performance battery packs in the field for lift trucks and other industrial equipment including airport ground support equipment (GSE), and stationary energy storage for EV charging. These accomplishments have resulted in a now 13 consecutive quarters of year-over-year revenue growth, record gross margin, and a record $28.0 million customer order backlog. We also strengthened our balance sheet during the year, raising net proceeds of $14.1M from a registered direct offering and converting all debt to equity.

With ongoing global supply chain disruptions and COVID-19 pandemic headwinds throughout the year, we continued to innovate new approaches to serve our customers, while maintaining business growth trajectory of over 50% per year. The pandemic pressures have created frustrating shipment delays and part shortages but have in turn made us stronger and more resilient.

To meet our goals and challenges, during the year we improved and expanded our supply chain and production staff and processes. Our supplier management has been assessed and improved from end to end. The pressure tests invoked by the pandemic have driven specific actions including supplier management actions, launching lean manufacturing, adding new shippers, implementing high performance cycling equipment, and strengthening staff capabilities.

Throughout 2021, we continued to see our market expand with the increasing rate of fleet electrification and supportive government regulations. Companies are becoming more aware of the consequences of carbon emissions and the role batteries and electrification can play as a solution. Our customers are looking for energy solutions that support their sustainability initiatives. Lithium-ion battery packs have a small share of the market today, but a high and growing adoption rate in the material handling industry.

Building on our success in the material handling industry, we are broadening our reach to include shipments of battery packs used for stationary energy storage and electric autonomous shuttles.

Looking ahead into 2022, we are focused on delivering quality products, meeting delivery requirements, and achieving customer satisfaction that is best-in-class.

Some of the initiatives we have planned for 2022 include:

  • New product designs for margin enhancement, part commonality and improved serviceability;
  • Production facility improvements to increase throughput and support our record backlog;
  • New customer acquisition with Fortune 100 & 500 companies;
  • Deployment of our Sky BMS telematics technology;
  • New investor engagement to proactively communicate Flux Power’s growing financial performance, Fortune 500 customer base and record backlog that is positioning the Company to be a global leader in lithium-ion energy storage solutions for large commercial and industrial fleets.

We continue to leverage our first mover position in lithium-ion adoption with our growing list of new and diverse Fortune 500 customers, giving us validation of our strategy. Our commitment, consistent performance and trustworthiness are the foundation for long-term, sustainable relationships with our customers.

2022 presents an exciting opportunity for Flux Power to continue our growth trajectory with customers, collaborating with OEMs, improving margins in the face of supply chain disruptions, and increasing shareholder value. Withstanding the volatility in the electrification sector, we believe continued execution of our strategy will support increasing shareholder value for the future.

We wish you all the best for a happy, healthy, safe, prosperous, and successful new year!

Best Regards,

Ron Dutt
CEO, Flux Power

2021 Highlights

  • Acquired new major customers with large material handling fleets in multiple locations –
  • Launched and shipped new product - M24, the battery pack for End Riders & Center Riders and high voltage battery packs (over 400 volts)
  • Transitioned product range to enhanced cell technology including revised UL Listing and OEM approvals
  • Surpassed milestone of 10,000+ battery packs in the field
  • Established dealer network in Mexico
  • Built a record backlog of customer orders - $28M
  • Financial highlights
    • Record revenue
    • Record gross margin
    • 13 consecutive quarters of year-over-year revenue growth
    • Raised net proceeds of $14.1M from a registered direct offering
  • Eliminated debt by conversion to equity
  • Added manufacturing and quality expertise with new hires (VP of Operations, Director of Quality) to round out the existing talent of the Management Team
  • Partnered with international investor relations specialists MZ Group (MZ) to help communicate the Flux Power growth story to investors and analysts
  • Increased equity research coverage to 4 analysts

About Flux Power Holdings, Inc.

Flux Power Holdings (NASDAQ: FLUX), based in Vista, California, designs and manufactures sustainable advanced lithium-ion energy storage solutions for material handling and industrial equipment. The Company has deployed over 10,000 batteries throughout North America for its customers, including large Fortune 500 fleets, for use in lift trucks, airport ground support equipment (GSE), solar energy storage and other commercial applications. Its lithium-ion battery packs are maintenance free and include a proprietary battery management system (BMS) and telemetry. Flux Power’s lithium-ion battery alternative to traditional lead acid and propane-based solutions are better performing with improved uptime and a lower cost of ownership and operation. Lithium-ion battery packs reduce environmental impacts and CO2 emissions and increase sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Follow us at:

Blog: Flux Power Blog
News Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power


Contacts

Media & Investor Relations:
Justin Forbes
877-505-3589
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External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
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www.mzgroup.us

Planned Public Posted Meetings through March also listed

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its first regular monthly meeting on Tuesday, January 25, 2022. It will be conducted as a hybrid meeting and will start at 9:15 a.m. The Commissioners, executive leadership, and legal counsel will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.


The meeting is open to the public to attend. However, the meeting can also be accessed virtually via WebEx webinar.

The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.

Please note the following upcoming planned Port Houston public meetings (subject to change):

Jan 19

9:30 a.m.

Pension & Benefits Committee meeting

 

11:30 a.m.

Business Equity Committee/Business Equity Advisory Council meeting

Jan 25

8:30 a.m.

Audit Committee meeting.

 

9:15 a.m.

Port Commission Advisory Council meeting

Feb 14

11:30 a.m.

Port Commission Community Advisory Council meeting

Feb 24

9:15 a.m.

Port Commission Meeting (takes place on Thursday not Tuesday)

Mar 21

9:15 a.m.

Port Commission Meeting (takes place on Monday not Tuesday)

 

10:00 a.m.

Community Relations Committee meeting (begins after the Commission meeting adjourns but no earlier than 10:00 a.m.)

Sign up for public comment is available up to an hour before these Port Commission meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/.


Contacts

Lisa Ashley-Daniels, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Well Intervention Market Review 2021 and Strategic Plan for 2022 - Insights, Trends, Competition, Growth Opportunities, Market Size, Market Share Data and Analysis Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.


The Well Intervention Market is expected to register an attractive growth rate during the outlook period driven by technological innovations and application-specific developments. Market Players in the Well Intervention Market business are aligning their operating model to the new normal by pivoting towards digitalization of operations and adapting to emerging technologies in robotic automation and artificial intelligence.

Mergers and acquisitions to acquire new technologies, strengthen portfolios, and leverage capabilities to remain key strategies of top companies in the Well Intervention Market industry during the outlook period. Investing in R&D and technology to improve product lines will be the major growth driver in the short to medium term for the Well Intervention Market amid prevailing tough conditions. The market study provides a comprehensive description of current trends and developments in the Well Intervention Market industry along with a detailed predictive and prescriptive analysis to 2028.

Well Intervention Market Dynamics - COVID Impact and Post COVID Scenario Analysis

Companies that are adding capacities aggressively to cater to the short-term COVID-induced demand need to be cautious in analyzing these unprecedented demand patterns. Post pandemic transformations in social, economic, trade, and political conditions with expected reforms in environmental regulations will shape the future of the Well Intervention Market industry from 2021 to 2025. Well Intervention Market has reported mixed results during the COVID 19 for different applications and geographies. The research identifies segment-wise implications of the pandemic and offers different case scenarios representing the Well Intervention Market growth prospects to 2028.

Well Intervention Market Insights - Latest Trends, Drivers, Opportunities, and Challenges

Customizing products to cater to a specific application than improvising the product characteristics on a whole has been the emerging trend in the Well Intervention Market. Enterprises should incorporate digitally connected processes and focus on operational efficiency, diversifying supply sources, and cost management to create opportunities in the Well Intervention Market during the forecast period. Uneven recovery in different end markets and geographies is a key challenge in understanding and analyzing the Well Intervention Market landscape.

Well Intervention Market Structure - Competition, Strategies and Company Profiles

While catering to the short-term needs of the market, Well Intervention Market players can address this uncertainty with a clear revision of the product portfolio and a lucid long-term strategy with scenario planning. Investing in innovation, identifying emerging applications, and developing sensible business models to generate sustained growth are the winning strategies in the future Well Intervention Market. The report presents detailed profiles of top companies serving the Well Intervention Market value chain along with their strategies for the near, medium, and long term period.

Market Research Scope

  • Global Well Intervention Market size and growth projections (CAGR), 2021-2028
  • COVID impact on Well Intervention Market industry with future scenarios
  • Well Intervention Market size, share, and outlook across 5 regions and 16 countries, 2021-2028
  • Well Intervention Market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2021-2028
  • Short and long term Well Intervention Market trends, drivers, restraints, and opportunities
  • Porter's Five forces analysis, Technological developments in Well Intervention Market, Well Intervention Market supply chain analysis
  • Well Intervention Market trade analysis, Well Intervention Market price analysis, Well Intervention Market supply/demand
  • Profiles of 5 leading companies in the industry-overview, key strategies, financials, and products
  • Latest Well Intervention Market news and developments

Key Topics Covered:

1. Table of Contents

2. Global Well Intervention Market Review, 2020

2.1 Well Intervention Market Industry Overview

2.2 Research Methodology

3. Well Intervention Market Insights

3.1 Well Intervention Market Trends to 2028

3.2 Future Opportunities in Well Intervention Market

3.3 Dominant Applications of Well Intervention Market to 2028

3.4 Key Types of Well Intervention Market to 2028

3.5 Leading End Uses of Well Intervention Market to 2028

3.6 High Prospect Countries for Well Intervention Market to 2028

4. Well Intervention Market Trends, Drivers, and Restraints

4.1 Latest Trends and Recent Developments in Well Intervention Market

4.2 Key Factors Driving the Well Intervention Market Growth

4.2 Major Challenges to the Well Intervention Market industry, 2021-2028

4.3 Impact of COVID on Well Intervention Market and Scenario Forecasts to 2028

5 Five Forces Analysis for Global Well Intervention Market

6. Global Well Intervention Market Data - Industry Size, Share, and Outlook

7. Asia Pacific Well Intervention Market Industry Statistics - Market Size, Share, Competition and Outlook

8. Europe Well Intervention Market Historical Trends, Outlook, and Business Prospects

9. North America Well Intervention Market Trends, Outlook, and Growth Prospects

10. Latin America Well Intervention Market Drivers, Challenges, and Growth Prospects

11. Middle East Africa Well Intervention Market Outlook and Growth Prospects

12. Well Intervention Market Structure and Competitive Landscape

13. Latest News, Deals, and Developments in Well Intervention Market

14. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/bskw8c


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