Milestone for revolutionary technology that will enhance safety inspections for industrial ropes, increase operator efficiencies and reduce costs
HOUSTON--(BUSINESS WIRE)--Scope Computer Vision Technologies, an inspection automation company that builds deep learning vision systems, today announced it has raised substantial funding from private investors across the state of Texas. The investment will help drive product development and market education around automated inspection in the utility industry.
“This investment fuels our ongoing commitment to revolutionizing the way people inspect critical product applications in zero-fail situations," CEO Justin McCoy said. "In circumstances where people's lives rely on a product's ability to perform, we must be able to accurately assess that product's health every time it is used."
Launched in the summer of 2019, Scope is developing automated inspection technology that assesses high performance synthetic rope for manufacturers and operators of utility stringing equipment and users in the maritime industry such as tugboats and mooring systems. This is the first outside investment that the company has taken on.
"Prior to Scope, standard best practice was to inspect miles of synthetic rope by hand, visually looking for damaged areas and making a judgement call on whether the line was safe to use," explains COO Mike Poroo. "Our technology automates this labor intensive task in real-time, in line with operations, with higher accuracy."
Scope's first product, Scope Control, is due to release in the Spring of 2022. The product will be a standalone unit that is positioned between pullers to inspect long distances of stringing lines. "With this product we aim to prove that the technology can be relied on as a form of measurement for the quality of a line," Justin McCoy continued. "The industry is in dire need of a tool to standardize inspection practices."
The Scope Control device uses the latest in sensor and camera technology paired with deep learning neural networks in order to recognize and grade the severity of damage modes that it detects on a stringing line. This is a significant shift from manual visual inspection where an operator is expected to accurately inspect miles of rope at a time. With manual visual inspection, results can vary as much as 45% from person to person, whereas the Scope Control technology is as consistent as only automation can be. Operators can continuously monitor line health in real time with high precision.
The product’s neural networks were trained to a very high level of accuracy through another Scope product, Scope Capture, which Scope developed for manufacturers of rope. Scope Capture enables manufacturers to build accurate recognition models that are specific to their own rope products.
Scope founders believe that users of rope will demand highly accurate models from manufacturers of rope products, and Scope can serve both ends of the technology spectrum.
"We can equip both the manufacturer and the user of rope products in a way that establishes a common reference for the quality of a rope that is consistent across the industry, resulting in compliance that is realizable and maintainable."
About Scope
Scope is an automated inspection company founded in 2019 to improve safety and compliance in industries that utilize synthetic rope. The company’s products Scope Capture and Scope Control leverage artificial intelligence and machine learning to identify defects and damage in high performance rope, assess the severity of the damaged areas and how they relate to one another, grade them, and communicate what actions are required to resolve those conditions. This is accomplished in real time, in line with operations, at a higher-than-human accuracy, with software that is self-improving. Learn more at visionbyscope.com.
Justin McCoy, Scope Founder & CEO
713-894-9592
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Aspiration Will Add Industry-Leading Carbon Accounting Technology and APIs to Enhance its ESG and Tracking Capabilities
LOS ANGELES--(BUSINESS WIRE)--$IPVF--Aspiration, the global leader in “Sustainability as a Service” solutions, today announced that it has acquired Carbon Insights, a leader in climate tech whose proprietary algorithm translates spending behavior and transactions into carbon footprints. Aspiration will be integrating the Carbon Insights technology into its existing offerings that build climate change-fighting action into what people and businesses do every day.
Carbon Insights was founded in March 2020 as a Public Benefit Corporation dedicated to turning spending behavior into carbon measurement and action to meet the Paris Climate agreement’s 1.5-degree goal. The deal solidifies Aspiration as the leading carbon scoring technology solution on the market with a competitive set of ESG and carbon transactional tracking capabilities.
“Aspiration scoured the landscape of new carbon footprinting tools before deciding to make the acquisition of Carbon Insights,” said Andrei Cherny, Aspiration CEO and co-founder. “Understanding your carbon footprint is the first step in being able to do something about reducing or eliminating it entirely, so we are excited to welcome them onboard to work toward delivering an unparalleled solution for individuals and enterprises to take control of their carbon footprints.”
“Carbon Insights was built with the notion that our actions today will impact the earth and those that inhabit it for years to come,” said Carbon Insights co-founder Chad Hunter. “In Aspiration, we saw a synergy in our missions-- to give people and companies the tools to make a difference -- and a complimentary opportunity to integrate our environmental impact calculator technology with AIM to deliver world-leading carbon footprinting insights.”
As part of the acquisition, Carbon Insights co-founders Chad Hunter and Ally Kadel have joined Aspiration and will play a primary role in the integration of Carbon Insights’ environmental impact calculator with AIM and scaling the offering for all levels of Aspiration customers.
Aspiration recently entered into a merger agreement with InterPrivate III Financial Partners Inc. (NYSE: IPVF), a publicly traded special purpose acquisition company, which, upon closing, will result in Aspiration becoming a listed company as a Public Benefit Corporation, building on Aspiration’s existing commitments to generate social and public good and operate in a responsible and sustainable manner.
About Aspiration Partners, Inc.
Aspiration is a leading platform to help people and businesses put automated sustainable impact into their hands and integrate it into their daily lives. Aspiration has earned the trust of its more than 5 million members by helping them spend, save, shop, and invest to both "Do Well" and "Do Good." Aspiration Partners, Inc. is a certified B Corp. For more information, visit Aspiration.com or Aspiration.com/business.
About InterPrivate III Financial Partners Inc.
InterPrivate III Financial Partners Inc., led by Chairman & CEO Ahmed Fattouh, President Nicholaos Krenteras, and Vice Chairman Sunil Kappagoda, is a blank check company whose business purpose is to affect a business combination with one or more businesses in the financial services or fintech sectors. InterPrivate III’s Board of Directors includes globally recognized financial services leaders including: former BankOneChairman, John McCoy; former Lucent and Verifone Chairman, Rich McGinn; Pine Brook founder and former Warburg Pincus Vice Chairman, Howard Newman; and fintech investor Gordy Holterman.
Aspiration Public Relations
Sehrish Sayani
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Aspiration Investor Relations
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InterPrivate III Financial Partners Inc. Investor Relations
Charlotte Luer
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FORT WORTH, Texas--(BUSINESS WIRE)--FTS International, Inc. (NYSE American: FTSI) (“FTSI”) today announced that its special meeting of FTSI stockholders (the “Special Meeting”) has been set for March 3, 2022 at 9:00 a.m. Eastern Time. The close of business on January 21, 2022 has been set as the record date for the determination of shareholders eligible to receive a proxy and vote at the Special Meeting. The Special Meeting will be held in order for FTSI shareholders to consider and vote on the previously announced merger transaction (the “Merger”) with ProFrac Holdings, LLC, a Texas limited liability company (“ProFrac”) and certain related matters. The special meeting will be a “virtual meeting” of shareholders, meaning that shareholders may participate solely “by means of remote communications.”
On October 22, 2021, FTSI announced a definitive agreement (the “Merger Agreement”) for a business combination with ProFrac and ProFrac Acquisitions, Inc., a Delaware limited liability company, and a wholly owned subsidiary of ProFrac that would result in FTSI becoming a wholly owned subsidiary of ProFrac.
The completion of the Merger remains subject to customary closing conditions, including the adoption of the Merger Agreement by FTSI’s stockholders (and, unless FTSI has waived such condition, the adoption of the Merger Agreement by holders of a majority of the outstanding shares of common stock of FTSI other than those held by ProFrac and its affiliates).
About FTS International, Inc.
Headquartered in Fort Worth, Texas, FTS International is a pure-play hydraulic fracturing service company with operations across multiple basins in the United States.
To learn more, visit www.FTSI.com.
Important Information For Investors And Stockholders
This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This communication relates to a proposed transaction between FTSI and ProFrac. In connection with this proposed transaction, FTSI has filed a proxy statement with the Securities and Exchange Commission (the “SEC”), the definitive version of which will be mailed or otherwise disseminated to FTSI’s stockholders when it becomes available. This communication is not a substitute for any proxy statement or other document FTSI may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF FTSI ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by FTSI through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by FTSI will be available free of charge on FTSI’s internet website at https://www.ftsi.com/investor-relations/sec-filings/default.aspx or by contacting FTSI’s primary investor relation’s contact by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone at 817-862-2000.
Participants in Solicitation
FTSI, ProFrac, their respective directors and certain of their respective executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of FTSI is set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 5, 2021, its Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on April 30, 2021, certain of its Quarterly Reports on Form 10-Q and certain of its Current Reports filed on Form 8-K.
These documents can be obtained free of charge from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the definitive proxy statement and other relevant materials to be filed with the SEC when they become available.
Forward Looking Statements
This communication contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. Any statements contained in this communication that are not statements of historical fact, including statements about FTSI’s ability to consummate the proposed transaction, the expected benefits of the proposed transaction and the expected impact of the coronavirus pandemic (COVID-19) on FTSI's businesses may be deemed to be forward-looking statements. All such forward-looking statements are intended to provide management’s current expectations for the future of FTSI based on current expectations and assumptions relating to FTSI’s business, the economy and other future conditions. Forward-looking statements generally can be identified through the use of words such as “believes,” “anticipates,” “may,” “should,” “will,” “plans,” “projects,” “expects,” “expectations,” “estimates,” “forecasts,” “predicts,” “targets,” “prospects,” “strategy,” “signs,” and other words of similar meaning in connection with the discussion of future performance, plans, actions or events. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict. Such risks and uncertainties include, among others: the failure to obtain the required vote of FTSI’s stockholders, the timing to consummate the proposed transaction, the risk that a condition of closing of the proposed transaction may not be satisfied or that the closing of the proposed transaction might otherwise not occur, the risk that a regulatory approval that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated, the diversion of management time on transaction-related issues, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of FTSI, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of FTSI to retain customers and retain and hire key personnel and maintain relationships with its suppliers and customers, economic or political changes that affect the markets that FTSI’s businesses serve which could have an effect on demand for FTSI’s products and impact FTSI’s profitability, disruptions in the credit and financial markets, including diminished liquidity and credit availability, disruptions in FTSI's businesses from the coronavirus pandemic (COVID-19), cyber-security vulnerabilities, supply issues, retention of key employees, and outcomes of legal proceedings, claims and investigations, future changes, results of operations, domestic spending by the onshore oil and natural gas industry, continued volatility or future volatility in oil and natural gas prices, deterioration in general economic conditions or a continued weakening or future weakening of the broader energy industry, federal, state and local regulation of hydraulic fracturing and other oilfield service activities, as well as exploration and production activities, including public pressure on governmental bodies and regulatory agencies to regulate our industry, and the price and availability of alternative fuels, equipment and energy sources. Accordingly, actual results may differ materially from those contemplated by these forward-looking statements. Investors, therefore, are cautioned against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in FTSI’s filings with the Securities and Exchange Commission, including the risks and uncertainties identified in Part I, Item 1A - Risk Factors of FTSI’s Annual Report on Form 10-K for the year ended December 31, 2020.
These forward-looking statements speak only as of the date of this communication, and FTSI does not assume any obligation to update or revise any forward-looking statement made in this communication or that may from time to time be made by or on behalf of FTSI.
FTSI
Lance Turner
Chief Financial Officer, FTSI
817-862-2000
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HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release fourth quarter 2021 earnings results on Wednesday, January 19, 2022 after market close and will hold a live webcast and conference call.
What: Kinder Morgan Fourth Quarter ‘21 Earnings Results Webcast
When: January 19, 2022, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-210-234-0073 and entering the passcode 1182662.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on February 19, 2022. To access the replay, please dial 1-203-369-1438 and enter passcode 24661.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Media Relations
Dave Conover
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Investor Relations
(713) 369-9490
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www.kindermorgan.com
Board welcomes Alexandra Pruner as incoming Chair, and thanks John Pinkerton for years of leadership & service
HOUSTON--(BUSINESS WIRE)--Encino Acquisition Partners (EAP) announced today a planned transition of leadership for its Board of Directors. John H. Pinkerton, executive chairman of the company, has retired from the board. The Board elected Alexandra Pruner, member of the EAP Board since 2019, to serve as Chair.
“I’m honored and humbled to have earned the confidence of my fellow Board members to serve in this position,” said Pruner. “The leadership John Pinkerton provided for the past four years has been outstanding, and I look forward to continuing to help guide Encino’s strategy focused on sustainable value creation for all of our stakeholders.”
“Helping to build Encino from the ground up and serving as executive chairman has been deeply rewarding, and I want to thank each and every one of our employees for their contributions toward our continued success,” said Pinkerton, who co-founded EAP in 2017. “I’m particularly proud of the progress we have made toward advancing our sustainability-centered goals. Encino is an industry leader because of our commitment to our unique values, and the company’s future remains bright thanks to its exceptional employees and leadership.”
“EAP’s strong foundation and continued success is a reflection of John’s vision, ability to organize great assets and even better people, all with an eye toward operational excellence,” said Hardy Murchison, co-founder, President and Chief Executive Officer of EAP. “We thank John for his outsized contributions and are enormously grateful for Alie’s ongoing and expanded leadership and strategy development roles.”
Pruner, age 59, joined EAP’s Board of Directors in 2019. She has served as a Senior Advisor of Perella Weinberg Partners, a global independent advisory firm providing strategic and financial advice and asset-management services, and its energy division, Tudor, Pickering, Holt & Co., since December 2018. She previously served as Partner and Chief Financial Officer of Perella Weinberg Partners from December 2016 through November 2018, and as Chief Financial Officer and a member of the Management Committee at Tudor, Pickering, Holt & Co. from the firm’s founding in 2007 until its combination with Perella Weinberg Partners in 2016. Ms. Pruner serves on the Board of Directors of Plains All American Pipeline, L.P. and its general partner PAA GP Holdings LLC, and on the Board of Directors of NRG Energy, Inc., and served on the Anadarko Petroleum Corporation Board until its merger with Occidental Petroleum.
About Encino Acquisition Partners
Headquartered in Houston, Texas, Encino Acquisition Partners (EAP) is building a high-quality oil and gas company with a diverse portfolio of assets focused on achieving attractive, long-term returns, while maintaining a strong financial position. Encino Energy and Canada Pension Plan Investment Board (CPP Investments) formed EAP in 2017 to drive long term investment returns by acquiring and developing oil and gas assets across the lower 48 states of the United States. With its first acquisition in 2018, EAP became the largest acreage holder in the Utica Shale play of Ohio. EAP’s website is www.encinoenergy.com.
Encino Acquisition Partners
Media Contact
Jackie Stewart
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DUBLIN--(BUSINESS WIRE)--The "Petrochemicals Market Size, Share & Trends Analysis Report By Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol), By Region (North America, Europe, APAC, Latin America), And Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global petrochemicals market size is estimated to reach USD 860.8 billion by 2028. The market is expected to expand at a CAGR of 6.4% from 2021 to 2028.
Companies Mentioned
The market is largely driven by rising demand for downstream specialty chemicals and plastic manufacturing. The market is expected to witness steady growth over the forecast period owing to increasing demand from end-use industries such as construction, industrial, textile, medical, pharmaceuticals, consumer good automotive, and electronics.
Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in the procurement process of crude oil as a raw material for product manufacturers. The industry players that are reliant on crude oil as a feedstock for manufacturing are likely to face difficulties in the coming years.
The competitive rivalry among producers of petrochemicals is high as the market is characterized by the presence of a large number of global players with strong distribution networks. Top players have been dominating the industry for the past few years owing to increasing investments in R&D activities related to new product development and manufacturing processes.
Asia Pacific was the dominating region in 2020 and is predicted to witness the highest CAGR over the forecast period. Factors such as increasing crude oil refining capacity, growing population, and improving standard of living of the masses are expected to fuel the growth of the market in Asia Pacific in the coming years.
Petrochemicals Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Petrochemicals Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Market lineage outlook
3.2.1 Global petroleum market outlook
3.2.2 Global End-use Market Outlook
3.3 Petrochemicals market size & growth prospects, 2017 - 2028
3.4 Value chain analysis
3.4.1 Raw material outlook
3.4.1.1 Major raw material analysis
3.4.1.2 Procurement best practices
3.4.2 Manufacturing trends
3.4.2.1 Technology trends
3.4.2.2 Outsourcing and contract manufacturing trends
3.4.2.3 Cost-structure analysis
3.4.3 Sales channel analysis
3.4.4 Profit margin analysis
3.5 Regulatory framework
3.5.1 Product classification codes
3.5.2 Standard and compliance
3.5.3 Safety
3.6 Market dynamics
3.6.1 Market driver impact analysis
3.6.1.1 End-use industries growth in Asia Pacific
3.6.1.2 Favorable regulatory policies in Asia Pacific
3.6.1.3 Abundant raw material availability in Middle East
3.6.2 Market restraint impact analysis
3.6.2.1 Growing environmental concerns
3.7 Industry challenges
3.7.1 Volatility in the raw material prices
3.8 Business environment analysis
Chapter 4 Petrochemicals Market: Product Estimates & Trend Analysis
Chapter 5 Petrochemicals Market: Regional Estimates & Trend Analysis
Chapter 6 Petrochemicals Market: Competitive Analysis
6.1 Key company/competition categorization (Key Innovators, Market Leaders, Emerging Players)
6.2 Vendor landscape
6.3 Competitive dashboard analysis
6.3.1 Market Differentiators
6.3.2 Synergy analysis: major deals & strategic alliances
6.4 Geographical presence
6.5 Market share analysis
6.6 Supplier landscape
Chapter 7 Petrochemicals Market: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/m11mac
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, February 3, 2022 at 9:00 a.m. Central Time to discuss the fourth quarter 2021 earnings results, which will be released earlier that day. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 3315309. International callers may access the conference call by dialing 661/378-9931, reservation passcode 3315309. The partnership intends to have a playback available following the conference call, which may be accessed by dialing toll-free 855/859-2056, reservation passcode 3315309. International callers may access the playback by dialing 404/537-3406, reservation passcode 3315309.
Persons interested in listening to the live presentation or a replay via the internet may access the presentation directly at https://edge.media-server.com/mmc/p/5eqbhkx3 or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 64 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 57 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314 / 210-410-8926
INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, is pleased to announce it has committed to a $15 million investment in Autotech Ventures, a venture capital firm that’s helping to pave the way for the next frontier of mobility.
Based in Silicon Valley, Autotech invests in and provides consulting services to early-stage transport technology start-ups focused on connectivity, autonomy, sharing, electrification and digitization in the transport tech space. Autotech is comprised of a team with deep experience in the ground transportation industry, which provides them with a unique ability to engage and support startups that will enhance the future of the mobility sector.
“We are proud to become a limited partner in Autotech Ventures and bolster our corporate development team’s efforts to identify strategic opportunities and invest in innovative companies," said Todd Bradford, Vice President, Strategy, Business and Corporate Development, Allison Transmission. “In a rapidly changing industry, this partnership is further testimony of Allison’s dedication to remaining a leading innovator in propulsion solutions across all the end markets we serve.”
The new partnership with Autotech will provide Allison with direct exposure to relevant startups, venture capital expertise and fully vetted high-tech companies in strategic areas of the transportation industry. The partnership also aligns with Allison’s commitment to advance its propulsion solutions to meet and exceed customer demands in the ever-evolving and uncompromising commercial vehicle industry.
“Allison recognizes that a variety of technology solutions will be required to cover the commercial vehicle landscape, as the industry continues its evolution,” said Mike Foster, Chief Technology Officer, Allison Transmission. “Our collaboration with Autotech and the cutting-edge companies they engage with will allow Allison to continue to diversify our portfolio of next-generation solutions.”
The Allison team will benefit from Autotech’s tech scouting, tech absorption and team development capabilities, which provide leading insight into transport tech market intelligence and facilitate agility in rapidly changing markets, while augmenting Allison’s corporate research and development and business development capabilities. These robust offerings will support the company’s internal team in accelerating the cycles of innovation, empowering Allison to remain agile and strengthening its ability to deliver on its brand promise to provide the most reliable and valued propulsion solutions to help its customers work more efficiently.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Claire Gregory
Director, Global External Communications
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(317) 694-2065
Partnership Invites Consumers to Pledge to Purchase One-Fourth of Weekly Dairy Purchases from Brands Committed to Increasing their Purchases from New England and Eastern NY Organic Family Farms in 2022
LONDONDERRY, N.H.--(BUSINESS WIRE)--Last fall, 89 organic family farms across Maine, New Hampshire, Vermont and eastern New York received the sudden news that Horizon, a brand owned by Danone North America, was terminating their purchase contracts, effective in early 2023. Subsequently Maple Hill Creamery announced the cancellation of contracts for an additional 46 farms. This news put these farms, many of whom have been in business for generations, at serious risk of closure unless they find alternate outlets. Today, Gary Hirshberg, Stonyfield Co-Founder and former long-time CEO, is announcing the launch of the Northeast Organic Family Farm Partnership, a first-of-its kind partnership, created to solve the crisis of disappearing family farms.
The Partnership, a collaboration of farmers, processors, activists and government agencies, is inviting consumers to sign a pledge, linked here, to purchase one-fourth of their weekly dairy purchases from 35 brands, listed here. These brands have committed to increase their purchases of northeast organic family farmers’ milk and thus increase demand and market stability to help save the 135 at-risk farms and so that all of the region’s organic family farms can be more secure. Simply put, the Partnership aims to empower consumers to help save these farms and make a lasting impact on organic family farmers’ livelihoods.
The Partnership is also inviting grocers, restaurants, cafeterias and any outlets that sell dairy products to also become licensed as Partners. Licensed Partners who have signed affidavits to grow their organic purchases will be entitled to proudly display the Partnership Logo at the Point of Sale and also online to enable easy identification by consumers.
The Partnership Board includes a diverse group of leaders and individuals committed to saving all at-risk organic family farms across the northeast. They include, in addition to Hirshberg, Peter Allison, Farm to Institution, LLC, (VT); Diane Bothfeld, Agency of Agriculture (VT); Leon and Abbie Corse, Vermont Organic Dairy Farmers; Claire Eaton, ME Dept of Agriculture; Annie Watson, Maine Organic Milk Company and Dairy Farmer (ME); and Eric Ziehm, New York Organic Dairy Farmer (NY). Advisors include Michael Brown, CROPP Cooperative (ME); Rose Forrest, Sodexo Sustainability Coordinator (RI); Ed Maltby, Northeast Organic Dairy Producers Assn (MA); Peter Miller, Miller Family Farm (VT), Britt Lundgren, Stonyfield Organic (NH), and Albert Straus, Straus Organic Creamery (CA).
The Northeast Organic Family Farm Partnership encourages all stakeholders in the food system - consumers, large and small dairy processors, retailers, restaurants, school lunch programs, college cafeterias and the region’s hard-working organic family farmer - to support and safeguard the region’s organic family farmers and provide a stable long-term demand for them so that family farmers are never made vulnerable again.
“The Northeast Organic Family Farm Partnership celebrates the fact that when it comes to supporting our region’s organic family farmers, it really does take a village,” said Hirshberg. “Everyone has a stake in the long-term financial health of these farms and farm families. The simple act of pledging to purchase one-quarter of dairy items from the brands, processors and farms who support these family farmers, can help to ensure that these farms will remain healthy, vibrant, financially viable, and environmentally and climate-positive parts of the northeast region for generations to come.”
The decline in the number of small family farmers is unfortunately not a new story, as the United States, and especially the northeast, has seen drastic reductions in the number of both farms and acreage over the last decade. From 2012 to 2021 alone, Vermont has lost over 390 individual dairy farms as food production has largely been ceded away from small families, and into large, agri-business operations, through no fault of their own. However, organic family farmers are important contributors to a healthy environment and thriving rural life and are important players in the region’s food system. Organic farms promote sustainability, sequester more soil carbon, decrease harmful environmental impacts, and have been shown to be more profitable and produce healthier livestock and higher milk quality.
Amanda Zerbib
Alison Brod Marketing & Communications
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ESB Networks to Deploy Temetra, Itron’s Cloud-Based Meter Data Collection and Management Solution, to Read 1.75 Million Electric Meters
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#ESBNetworks--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today, that it signed a contract to deploy Temetra, Itron’s next generation meter data collection and management solution for the Electricity Supply Board’s networks company (ESB Networks) to optimize operations and improve meter data management for Ireland’s distribution network operator. ESB Networks will begin deploying Temetra in 2022 in conjunction with its Smart Metering Programme for the roll out of smart meters across Ireland as part of the National Climate Action Plan. With Temetra, the utility will be equipped to efficiently read 1.75 million meters across ESB Networks’ service territory.
As ESB Networks focuses on creating a brighter future with clean, reliable and affordable electricity, Temetra provides a modern solution for the utility so it can gain better visibility into its distribution network and easily manage and collect reads from electrical meters via mobile devices. With safety, accuracy and efficiency at the forefront of Temetra, ESB Networks will be able to monitor the status of both meters and the data that the meter readers collect. This allows ESB Networks to work more efficiently by utilizing Temetra Geo-Routing to quickly assign or reassign work based on meter and meter reading location.
“ESB Networks’ smarter network drive is underpinned by more efficient, cleaner technology, which will bring benefits to customers, the environment and the economy,” said Peter Warner, Information System and Retail Market Services Manager at ESB Networks. “With Itron’s Temetra solution, we will use advanced data collection and data management software-as-a-service to manage reliable and efficient electricity for millions of homes and businesses.”
“Itron is delighted ESB Networks is deploying Temetra and can access benefits from our solution, including the ability to modify meter data and assignments anywhere through a simple web login rather than having to maintain locally installed software. This will help ESB Networks efficiently manage their multiple meter reading contractors and deliver greater value to their customers,” said Don Reeves, senior vice president of Outcomes at Itron. “We are looking forward to helping ESB Networks modernize meter data collection across the Republic of Ireland.”
Temetra transforms how utilities gather meter data by providing powerful functionality through a streamlined web-based interface. Temetra uses innovative new technologies and has the ability to dynamically create and assign GIS-based routes based on meter reader location and workload. To learn more about Temetra, Itron’s next-generation meter data collection and management solution, click here.
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.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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AUSTIN, Texas--(BUSINESS WIRE)--Solar energy will likely see record growth over the next decade as the Biden Administration aims for all U.S. power to come from non-carbon-emitting sources by 2035.
Although seemingly easy to build, utility scale solar farm development presents several unique challenges. The sheer volume of objects installed on large solar farms can render manual oversight impossible. Some developments may have more than a million panels and several hundreds of thousands of piles to install over 16 square miles, making it nearly impossible for anyone to identify problems and stay on schedule through traditional surveying methods. AI Clearing, a market leader in automated analytics for large-scale construction and infrastructure projects, gives developers and contractors the information needed to avoid delays and remain on budget.
Business Intelligence Reporting & AI-Powered Predictive Analytics for Solar Projects
AI Clearing’s AI Surveyor™ platform provides business intelligence reports every 24 hours, based on AI-powered predictive analytics. By bringing together multiple data sources — including GIS, drone data, and design information — stakeholders get a daily update on their progress, productivity and adherence to design. Completing the construction of solar farms timely is critical because often the energy generated is already sold, meaning any delays in handover can incur significant financial penalties both for the developer and general contractor.
“The solar market is booming right now. Every day, we hear from general contractors and developers looking to use our solution during the construction of utility-scale solar farms,” said AI Clearing CTO and co-founder Adam Wisniewski. “Our AI model is trained on data from across the globe, so whether it is the desert of Abu Dhabi or snow in Canada, it can track progress across your KPI’s with an accuracy of 99.98%.”
AI Clearing is currently involved with solar projects of a combined capacity of 1.3Gw with sizes ranging from 70-500 Mw. Its solution has delivered over 300 progress reports, tracked the completion status of over 2 million panels and identified more than 3,000 discrepancies. AI Surveyor uses well-trained models to recognize the key objects, like piles, racks and modules, installed during solar farm construction. Where other companies count objects manually, AI Clearing delivers a fully-automated experience that reduces surveying time and potential errors.
“Solar construction is becoming increasingly important in North America as we pursue cleaner sources of energy,” said Alex Ramirez, Senior Manager Business Technology at PCL. “While production tracking is important for any project, solar construction requires much closer attention to production rates. AI Clearing has proven to be a great partner in this space. They continuously improve their platform to maximize the value of visually displaying production data.”
To find out more about AI Surveyor, visit aiclearing.com.
About AI Clearing
AI Clearing, Inc. offers a proprietary solution that uses artificial intelligence to analyze images and data from construction designs and work sites, enabling contractors, developers and investors to track the progress of infrastructure projects up to 144 times faster than through human-powered processes. The Austin-based company with a Research and Development center in Warsaw, Poland, was established in 2019. For more information, please visit aiclearing.com.
Treble
Michael Kellner
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The grid-edge solution managing the largest portfolio of distributed energy resources in North America
BROOKLYN, N.Y.--(BUSINESS WIRE)--EnergyHub, the leading provider of distributed energy resource (DER) management solutions, today announced the conclusion of a successful year delivering grid services, including nearly 700,000 DERs connected to EnergyHub’s Mercury DERMS platform, a rise in the duration of grid services delivered, and an increase in customer incentives delivered, all underscored by significant product innovation.
“This has been a breakout year for the industry,” said Erika Diamond, Senior Vice President of Customer Solutions, EnergyHub. “With so much advancement and evolution in the sector, like utilities committing to aggressive decarbonization goals, investments being planned as a result of the Bipartisan Infrastructure Bill and Build Back Better Framework, FERC 2222, and customers thinking more about climate impact, it’s been a really exciting time. With that, I’m thrilled to share how EnergyHub has provided innovative solutions to accelerate the adoption and management of distributed energy resources, to mitigate the impact of extreme weather events, and support the decarbonization of our infrastructure and economy.”
Largest and fastest growing multi-DER portfolio
EnergyHub reliably manages virtual power plants comprising nearly 700,000 grid-edge devices, the largest fleet of grid-edge resources of any DERMS provider in North America. EnergyHub works with over 60 of North America’s leading utilities to manage over 2,900 MW of load flexibility across all key DER classes. The platform is integrated with the industry’s largest ecosystem of DER providers and demand response aggregators, including leading manufacturers of thermostats, electric vehicles, electric vehicle chargers, energy storage systems, solar inverters, and water heaters.
The company provides turn-key functionality for some of the largest DER programs in the country, including Arizona Public Service (APS), DTE Energy, Duke Energy, Eversource Energy, National Grid, PSEG Long Island, and Salt River Project.
Reliable grid services delivered
In 2021, EnergyHub enabled utilities to lean on DER flexibility to mitigate transmission and distribution grid conditions and to monetize aggregations in markets. The Mercury DERMS platform delivered a record total of over 850 million device-minutes of grid services through over 700 grid service events. This DER flexibility enabled utilities to integrate more renewables on the grid, manage network congestion, defer infrastructure investments, and unlock new revenue streams by monetizing DERs in markets.
"Over the past few years, Arizona Public Service Company has worked with EnergyHub to manage and grow our multi-DER portfolio. This year, our DERs provided nearly 80 megawatts of flexible capacity to our system, helping us achieve cost-savings for our customers and a cleaner, more reliable electric grid.” said Kerri Carnes, Manager, Customer to Grid Solutions Product Development & Strategy at APS. “There’s no doubt that DERs are delivering value and we’re excited to continue to innovate with EnergyHub to find customer-focused energy solutions that bolster affordability, reliability and that align with our clean energy goals.”
Looking forward
“EnergyHub’s vision is to empower utilities, markets, and their customers to create a carbon-free, distributed energy future. We integrate any customer or device with the grid to provide reliable, scalable resources,” said Seth-Frader Thompson, EnergyHub’s President. “I truly believe that the scale and continued growth of our portfolio validates our vision. I’m looking forward to another great year of providing service to our current customers, as well as laying the foundation for our future ones.”
Learn more about EnergyHub here: www.energyhub.com. EnergyHub is an independent subsidiary of Alarm.com (NASDAQ: ALRM), the leading platform for the intelligently connected property.
About EnergyHub
EnergyHub is the leading grid-edge DERMS provider. Utilities rely on EnergyHub’s Mercury DERMS platform to manage all distributed energy resources to serve grid and market objectives. EnergyHub works with over 60 utilities nationwide to manage more than 2,900 MW of flexible capacity. We empower utilities and their customers to create a clean, distributed energy future. EnergyHub is an independent subsidiary of Alarm.com (NASDAQ: ALRM), the leading platform for the intelligently connected property. For more information, visit www.energyhub.com.
Erica Schain
Aspectus Group for EnergyHub
917-940-5633
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WASHINGTON--(BUSINESS WIRE)--#MiamiBoatShow--The National Marine Manufacturers Association (NMMA), the leading trade association representing North American recreational boat, marine engine and accessory manufacturers, announced today that U.S. new powerboat retail unit sales are expected to surpass 300,000 units for the second consecutive year, closing 2021 an estimated 4 to 6 percent below record highs in 2020 and 7 percent above the five-year sales average.
Amid heightened demand for new boats, boat builders experienced supply chain disruptions during the pandemic like other manufacturers across the country, which impacted new boat deliveries to retailers and put constraints on growth in 2021. Manufacturing productivity is revving back up to meet demand for new boats, with boat building production nearing pre-pandemic levels as supply chain constraints ease.
"Following record sales in 2020, recreational boating remained the leading outdoor recreation in the U.S. in 2021 with new powerboat sales exceeding 300,000 units for only the second time in 15 years,” said Frank Hugelmeyer, NMMA president. "The pandemic created shifts in how Americans prioritize their time, and boating is an activity they’re doing with family and friends to escape from stresses on land, all while creating fun and adventure. As a result, U.S. marine manufacturing, which provides an estimated 691,000 jobs across the country, is standing out as an example of economic resilience.”
Consumer interest and demand for boating continue to reach near record-highs as more Americans seek out boating as an accessible outdoor activity, especially as other leisure activities, sports and travel continue to be impacted by COVID-19.
What’s more, according to the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA), recreational boating and fishing are the number one contributor to the $689 billion outdoor recreation economy, surpassing RVing, hiking, and several other outdoor recreational activities. In fact, the economic contribution from boating and fishing were up nearly 30 percent in 2020, compared to 2019.
Looking ahead, 2022 is expected to be another strong year for new boat sales, which are projected to surpass 2021 totals by as much as 3 percent.
“We expect strong momentum for boating and new boat sales to endure through 2022 as Americans from all walks of life explore the great outdoors and turn to the unique joys of being on the water,” added Hugelmeyer.
U.S. boat manufacturers and dealers are gearing up for the winter boat show season – including the annual Progressive® Insurance New York Boat Show® in January and Discover Boating® Miami International Boat Show® in February – critical sales channels for the industry that can generate between 30-50 percent of annual sales and where manufacturers introduce their latest products.
U.S. Recreational Boating by the Numbers
Additional statistics on the industry’s size, makeup, and demographics include:
About NMMA: The National Marine Manufacturers Association (NMMA) is the leading trade organization for the North American recreational boating industry. NMMA member companies produce more than 80 percent of the boats, engines, trailers, marine accessories and gear used by millions of boaters in North America. The association serves its members and their sales and service networks by improving the business environment for recreational boating including providing domestic and international sales and marketing opportunities, reducing unnecessary government regulation, decreasing the cost of doing business, and helping grow boating participation. As the largest producer of boat and sport shows in the U.S., NMMA connects the recreational boating industry with the boating consumer year-round. Learn more at www.nmma.org and get engaged with us on Twitter and LinkedIn.
Sarah Salvatori, This email address is being protected from spambots. You need JavaScript enabled to view it.
ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) will report its first quarter results prior to market open on Wednesday, Feb. 2, 2022. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time.
All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson’s website at www.Emerson.com/en-us/investors and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information, visit Emerson.com.
Investor contact: Colleen Mettler (314) 553-1705
Media contact: Charlotte Boyd (952) 994-8607
DUBLIN--(BUSINESS WIRE)--The "Global and China New Energy Vehicle Thermal Management System Market Research Report, 2021" report has been added to ResearchAndMarkets.com's offering.
Research on EV Thermal Management System: Fast iterative Application of New Technologies such as Heat Pump Air conditioning and Fourth-generation Refrigerant
China's new energy vehicle thermal management system market size will exceed RMB40 billion in 2025
Due to the low efficiency of the internal combustion engine and the sufficient residual heat from the engine, the temperature management of traditional fuel vehicles mainly focuses on cooling and heat dissipation, with a relatively simple structure.
In contrast, the new energy vehicle thermal management system is more complex, including refrigeration system, heating system (PTC/heat pump), battery thermal management system (air cooling /liquid cooling /direct cooling), and electric-motor-controlled cooling system (liquid cooling/independent heat exchange) and PHEV's unique engine cooling and gearbox cooling systems. Therefore, the value of a new energy vehicle is higher.
With the popularization of new energy vehicles, the automotive thermal management system has become complicated, with an increasingly complex structure and a higher integration level. The upgrade from independent modules to system engineering directly makes the cost of the automotive thermal management system swell from RMB1,600-2,500 (traditional fuel models) to RMB6,000-7,000 (new energy models).
By 2025, 15 million new energy vehicles will be sold globally, so that China's new energy vehicle thermal management system market size is expected to hit RMB40.1 billion, accounting for more than 40% of the global scale.
As new technologies evolve rapidly, the application of the heat pump air conditioning system and the fourth-generation refrigerants like CO2 and R1234yf will accelerate
Heat pump air conditioners will gradually be included in the standard configuration of high-end new energy passenger cars
At present, there are two main air conditioning system solutions for battery-electric vehicles: (1) Air conditioning system with cooling function only + PTC (Positive Temperature Coefficient) heating; (2) Heat pump air conditioning system.
For new energy passenger cars, most domestic air conditioning system manufacturers use PTC air heaters for heating (PTC water heaters are generally available in plug-in hybrid vehicles), that is, PTC is heated by consuming battery power, which features high energy consumption.
The heat pump air conditioning system adopts air as the heat source, and its heating and cooling share the same system. Thanks to heating, dehumidification and high energy efficiency ratio, it is the perfect solution for the high energy consumption of new energy vehicle air conditioners and longer recharge mileage of electric vehicles.
At present, more and more new energy vehicle manufacturers, including Nissan, Renault, BMW, Volkswagen, Audi, Toyota, Tesla, BYD, SAIC, GAC and Geely, have adopted heat pump air conditioning systems.
Key Topics Covered:
1 Introduction to New Energy Vehicle Thermal Management System
1.1 Definition of New Energy Vehicle Thermal Management System
1.2 Traditional/New Energy Vehicle Thermal Management System Structure
1.3 Main Parts of New Energy Vehicle Thermal Management System
1.4 Thermal Management System Industry Chain Structure
2 New Energy Vehicle Thermal Management Policies and Scale
2.1 New Energy Vehicle Thermal Management System Policies
2.2 Forecast for Sales Volume and Penetration Rate of New Energy Vehicles
2.3 Global and China Automotive Thermal Management System Market Size
2.4 Thermal Management System Cost of New Energy Vehicles
2.5 Competitive Landscape of Thermal Management System for New Energy Vehicles
2.6 Development Trends of New Energy Vehicle Thermal Management System
3 New Energy Vehicle Thermal Management Industry Chain
3.1 Heat Pump Air Conditioning System for New Energy Vehicles
3.2 Heat Pump Air Conditioning Refrigerants for New Energy Vehicles
3.3 Electric Compressors for New Energy Vehicles
3.4 Power Battery Thermal Management System for New Energy Vehicles
3.5 Other parts of New Energy Vehicle Thermal Management
4 New Energy Vehicle Thermal Management System Suppliers
4.1 Denso
4.2 Mahle
4.3 Valeo
4.4 Hanon
4.5 Continental
4.6 Aotecar
4.7 Yinlun Machinery
4.8 Sanhua Intelligent Controls
4.9 Songz Automobile Air Conditioning
4.10 Hasco
4.12 Feilong Auto Components
4.13 Kelai
4.14 Baling Technology
4.15 Huawei
5 Thermal Management System Solutions of Automotive OEMs
5.1 Tesla
5.2 BYD
5.3 Volkswagen
5.4 Audi
5.5 BMW
5.6 Geely
5.7 Lixiang
5.8 Xpeng Automotive
5.9 WM
For more information about this report visit https://www.researchandmarkets.com/r/z8s8r5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Generate Capital expands its presence in organic waste management through investment in South-Carolina-based composting company amid increasing demand for sustainable waste solutions
SPARTANBURG, S.C. & SAN FRANCISCO--(BUSINESS WIRE)--Atlas Organics, a developer and operator of commercial composting solutions based in the U.S. Southeast, today announced a transformational transaction aimed at expanding its operations nationwide in partnership with Generate Capital, a leading owner and operator of organic waste processing solutions and sustainable infrastructure in North America.
Atlas Organics was founded by Joseph McMillin and Gary Nihart in Spartanburg, South Carolina in 2014, and currently operates eight food waste, biosolid and yard waste composting sites across six states, processing 365,000 tons of organic waste annually.
The transaction will provide over $200 million in financing for expansion of Atlas composting facilities in the coming years and Generate has taken ownership of Atlas’ eight currently operated composting facilities. Atlas employs over 135 people across five Southeastern states and Atlas co-founders McMillin and Nihart will continue to lead the company.
With this investment, Generate significantly expands its offerings in organic waste solutions, adding a high-growth platform for development of composting facilities. The transaction builds on Generate’s extensive supplier and customer network and its track record as one of the largest processors of organic waste in North America. Generate’s bio-digester facilities process over 250,000 tons of food waste a year, turning organic material into renewable natural gas, clean electricity and fertilizer.
“Composting plays a pivotal role in reducing greenhouse gas emissions while eliminating waste and supporting sustainable agriculture with chemical-free fertilizers,” said Bill Caesar, president of Generate’s waste-to-value operations. “The Atlas Organics team shares Generate’s mission-driven approach to decarbonization and we see a tremendous opportunity to leverage the experience and capabilities of the Atlas team to build a significant platform for composting infrastructure development. This transaction perfectly complements our existing organic waste solutions, will create jobs and contribute to the fight against catastrophic climate change by expanding the circular economy and diverting waste from landfills.”
Atlas is already developing several new greenfield composting sites and was recently awarded the contract to build, own, and operate a composting facility for Salinas Valley, California as part of its effort to comply with SB 1383, a regulation that goes into force in 2022 that sets statewide targets to reduce the amount of organic waste disposed of in landfills.
Atlas is also actively looking to acquire composting operations that complement its position in key markets.
“We’ve built a solid platform for growth and a partner like Generate will help open the door to new opportunities and deliver on our nationwide expansion,” said Joseph McMillin, chief executive of Atlas Organics. “We can focus on building and acquiring composting operations, developing our people, and delivering value to our customers knowing that we have the backing of a well-resourced and experienced team to support us.”
The transaction was facilitated by Morrison & Foerster, LLP for Generate and Johnson, Smith, Hibbard & Wildman for Atlas.
Headquartered in Spartanburg, SC, Atlas Organics is a leading commercial composting company seeking to increase municipal waste-solution partnerships across the US. Atlas’ compost facilities process biosolids, yard trimmings and food residuals, turning these organic materials into valuable soil amendments that promote sustainable regional agriculture and landscaping. For more information, please visit www.atlasorganics.net
About Generate
Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 40 technology and project developers and owns and operates more than 2,000 assets globally. Generate is a one-stop shop offering pioneers of the infrastructure revolution tailored funding and the support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 2,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.
For Generate
Emily Chasan
(415) 480-2914
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For Atlas
Stefan Holt
(864) 278-2322
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Systrom, An Advisor to Climate-Tech Founders and Funders, Will Oversee Impact Management and Measurement at the Investment Platform
SAN FRANCISCO--(BUSINESS WIRE)--Galvanize Climate Solutions (“Galvanize”), the mission-driven investment platform created to provide the capital, expertise and partnerships necessary to produce and scale vital and urgent climate solutions, today announced the appointment of Nicole Systrom as Chief Impact Officer. In this new role, Systrom will oversee impact management and measurement, lead the platform’s science and technology team, advise on policy and regulatory affairs, and help identify promising climate innovations for investment.
“We are delighted to welcome Nicole to our growing team as we work to accelerate the clean energy transition ecosystem through business and civic leadership,” said Tom Steyer, who launched Galvanize with Katie Hall in September. “Addressing the climate crisis will require activism, public-sector solutions and private-sector investments. Nicole’s experience harnessing private-sector impact investments for climate-focused innovators and knowledge of climate policy will be valuable assets to Galvanize.”
Systrom, who assumes the role this month, has more than 13 years of experience in the climate and clean energy space. She is the founder of Sutro Energy Group, a consultancy that advises climate-tech entrepreneurs and investors interested in addressing climate change. Earlier in her career, Systrom worked at TerraPass, a venture-backed startup where she managed a project portfolio that reduced 250,000 tons of greenhouse gas emissions across the United States. She also worked at the nonprofit Pacific Forest Trust. She is board chair of Prime Coalition and serves on the board of Activate.org. Systrom is also a member of the President’s Council at Ceres, a nonprofit focused on sustainability challenges.
“The climate crisis is an existential threat that calls for a scientific and investment revolution to tackle it,” said Systrom. “I’m excited to be part of a team that is 100% focused on closing the climate investment gap by identifying, creating and scaling companies that contribute meaningful solutions to the climate crisis.”
ABOUT GALVANIZE CLIMATE SOLUTIONS
Galvanize Climate Solutions, launched in September 2021 by Tom Steyer and Katie Hall, is a mission-driven investment platform that will provide capital, expertise and partnerships necessary to produce and scale vital and urgent climate solutions. Galvanize is purpose-built to accelerate decarbonization efforts by integrating climate-focused investment with global activism. Galvanize aims to combine investment, technical, policy and communications expertise under one roof. Despite the progress that has already been made surrounding the climate crisis, there is still a significant gap between where we are headed and what the natural world needs to secure a livable future. Galvanize will help to close that gap by driving innovation, leadership and significant private sector investment in climate-focused companies and innovations.
Melanie Wells
Wells Narrative Group
917-701-5439
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Niyati Narang
Galvanize Climate Solutions
650-245-4746
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The Leader in Self-Powered Industrial IoT has Generated Over 1.5 Billion Data Points Using Less Energy Than it Takes to Brew 3 Pots of Coffee
SANTA CLARA, Calif.--(BUSINESS WIRE)--Everactive, maker of self-powered IoT systems, announced a record year for the potential cumulative effect its batteryless, self-sustaining technology had on industrial decarbonization driven by the demand for improvements in industrial sustainability using batteryless technology.
Assuming a full-year deployment among its growing customer base, Everactive’s industrial IoT applications had the impact of reducing CO2 emissions by 78,518 tons—the equivalent of removing 15,390 cars from the road each year. Customers also saved 1.3 million MMBTUs of energy throughout a single year—the equivalent of 38,046 U.S. homes being at ”net zero energy” for one year. In addition, Everactive’s self-powered industrial IoT products also produced a net annual savings of more than $7.4 million for customers in 2021 alone.
Everactive generated this impact with a miniscule energy footprint. Because Everactive’s self-powered IoT platform is built using the world’s lowest power custom semiconductors, its batteryless devices require only scarce amounts of micro-renewable “harvested energy”. Everactive solutions collect and analyze swaths of data using a fraction of the energy required of competing technologies. To put that into perspective, by the end of 2021, Everactive had transmitted in excess of 1.5 billion data packets using less energy that it takes to brew 3 pots of coffee.
Everactive received 5 awards in 2021 for its uniquely innovative technology and impact on sustainability: ABB Open Innovation Award, IoT Breakthrough Award, IDEA Innovation Award, CTMA Technology Competition People’s Choice Award and Process Expo Innovation Award.
Everactive added 3M and AB InBev to its list of clients among top-tier Fortune 500 companies which also includes Colgate-Palmolive, Danone, Hershey's, Mars, and Merck.
To date, the company has received $116M in financial backing from traditional venture capital and strategic investors alike. Alongside storied venture capital firm New Enterprise Associates, the corporate venture arms of 3M, Ericsson, Fluke Corporation, Standard Industries, and Armstrong International have invested in Everactive.
“About every decade a new class of computers has evolved that completely revolutionizes entire industries,” says Dr. David Wentzloff, Co-founder and Co-CTO at Everactive. “We’ve seen this from laptops, to mobile, to currently IoT. The next computing revolution is all about scale and that requires sustainable devices that harvest power from the environment and finally rid the IoT of batteries. This will fuel decades of growth with a windfall economic and environmental impact.”
ABOUT EVERACTIVE:
In collaboration with its partners, Everactive delivers the most scalable and cost-effective micro-renewable energy solutions. The company's proprietary low-power energy harvesting and wireless technology enables completely batteryless and always-on Internet of Things systems. Ruggedized for harsh industrial settings, Everactive Edge devices provide continuous insight into asset health across a range of equipment and throughout entire plants and facilities. The company has offices in Silicon Valley, Ann Arbor, and Charlottesville. For more information, please visit: www.everactive.com.
Jennifer M. Strame
Percepture for Everactive
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484-947-4549
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2021 on Thursday, February 17 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia’s fourth quarter and full year 2021 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call.
About Magnolia Oil & Gas
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
Brian Corales
713-842-9036
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PASO ROBLES, Calif.--(BUSINESS WIRE)--Mountain Renewables, LLC, a national leader of technical field services for wind energy and utility-scale solar, today announced that it is changing its name to Pearce Renewables, following its sale to Pearce Services in September 2021. Pearce Services, a nationwide leader in operations, maintenance and engineering for mission-critical telecom and renewable energy infrastructure, announced the formation of its new Pearce Renewables division in October 2021.
Pearce Renewables is a leader in engineering, operations, and maintenance for renewable energy infrastructure, and has assembled a best-in-class leadership team and workforce serving utility-scale wind, solar, electric vehicle (EV) charging, and battery energy storage system infrastructure.
“Today is an exciting day for all of us at Mountain Renewables as we transition to the Pearce Renewables brand. While the name may be changing, the safety, quality service, and professionalism of our world-class team will remain the same,” said Jacob Schultz, Co-Founder of Mountain Renewables. “I would like to thank our employees for their hard work and dedication and look forward to working with the Pearce Renewables team to provide innovative and complementary solutions to our customers.”
“We are thrilled to complete our rebranding as Pearce Renewables. Our reputation as a best-in-class provider of comprehensive solutions for the entire life cycle of renewable energy infrastructure adds to Pearce’s deep expertise and provides an outstanding complementary service to Pearce’s end-to-end technical services, operations, and maintenance capabilities,” said Richie Cox, Co-Founder of Mountain Renewables.
Over the past year and a half, Pearce has combined highly experienced talent recruited from the renewable energy industry and acquired industry-leading independent services providers MaxGen Energy Services (“MaxGen”), World Wind & Solar (“WWS”), A & A Wind Pros (“A & A”), Mortenson Energy Services (“MES”) and Mountain Renewables – together forming a best-in-class team.
About Pearce Renewables
Pearce Renewables is a leading national provider of operations and maintenance services for mission-critical renewable energy infrastructure with more than 850 technicians that safely service our Wind, Solar, EV Charging, and Energy Storage infrastructure customers around the clock. With nationwide coverage, we can deploy our highly trained technicians quickly and efficiently to provide unmatched response times, safety, quality, and consistent service for distributed, mission-critical assets. Constant innovation and close collaboration with our customers are a hallmark of our service. To learn more about Pearce Renewables, visit www.pearce-renewables.com.
Media Contacts
Pearce Renewables
Dana Gorman / Matthew Butler
Abernathy MacGregor
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