Project is central to Aker BP’s data-led digital transformation based on Cognite Data Fusion
OSLO, Norway--(BUSINESS WIRE)--Accenture (NYSE: ACN) is helping Aker BP, one of Europe’s largest independent oil companies, become a data-driven enterprise by building a cloud-based foundation and data factory to improve its operations.
Aker BP launched the project to accelerate its goal of digitalizing the full lifecycle of its operations to cut costs, improve productivity, and lower its carbon footprint.
Many oil and gas companies have only been able to use a fraction of the data they generate and own, with information locked in functional areas with differing legacy applications, rendering it unusable across their organizations. A modern data foundation can help overcome common barriers to value, which may include data accessibility and trustworthiness.
Based on its technology, innovation and upstream oil and gas data management experience, Accenture was selected by Aker BP to develop a data factory solution in collaboration with Cognite and Aker BP. Cognite, an industrial software company, has applied its Cognite Data Fusion software at Aker BP to more rapidly implement the transformation by freeing and contextualizing data across IT and operational technology siloes.
“This project is key to our vision of being the leading offshore oil and gas exploration and production company,” said Per Harald Kongelf, SVP Improvements of Aker BP. “We look forward to working closely with Accenture and Cognite, as we create a culture of innovation and experimentation to build the data foundation with a high degree of automation. All three companies share a similar approach of driving value though digital technologies, which will greatly benefit this project.”
Managed like a factory, the data foundation will be focused on delivering business results at scale, with automation and innovation, predictable delivery schedules and quality controls. New ways of working will be enabled by this model, including agile and DataOps.
“By applying automation, innovation and technology, the project team can deliver more reliable data to help improve the company’s operations,” said Sven Erik Skjæveland, managing director and Nordic Energy lead for Accenture. “Aker BP will be better positioned to take advantage of cloud-native services and more efficient workflows that promote greater efficiency and collaboration.”
Other goals include exploring the Open Group OSDU™ Forum’s data standards and formats for wells and seismic data.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 674,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
Accenture helps oil and gas companies develop innovation-led capabilities to drive end-to-end transformation and make energy more available, affordable and sustainable. To learn more, visit Accenture’s Oil and Gas industry portal.
About Aker BP
Aker BP is an independent E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker ‘AKRBP’. More about Aker BP at www.akerbp.com
About Cognite
Cognite is a global industrial SaaS company that was established with one clear vision: To rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion™, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability.
Visit us at www.cognite.com and follow us on Twitter and LinkedIn.
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MacGown to oversee Australasia Operations and Expansion of Wisk’s Presence in Broader APAC Region
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--#EverydayFlight--Wisk Aero, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., announced today that Catherine MacGowan has joined the company as its new Asia Pacific Region Director.
In her new role, Catherine will serve on Wisk’s Executive Leadership Team and oversee all operations in Australasia, as well as the expansion of Wisk’s presence in the wider Asia Pacific region. She will also be responsible for overseeing key existing projects, including Wisk’s airspace integration trial - a leading program that will advance the broader AAM industry - and the company’s social acceptance work in the region.
In addition to Wisk’s U.S. focus, the Australasia region remains a core element in Wisk’s broader strategy and will play a key role in the company's growth and go-to-market efforts announced in its recent funding announcement.
“We are excited to have Catherine join our team,” said Gary Gysin, CEO of Wisk. “Since Wisk’s arrival in New Zealand, our work in this progressive part of the world has made a significant contribution to the development of our all-electric, self-flying air taxi. Catherine’s strong leadership skills and her in-depth understanding of the aerospace environment will be of huge value to Wisk and our mission to make safe, everyday flight a reality.”
“It’s a privilege to be joining Wisk, a leader in advanced air mobility, who are pioneering an entirely new way to fly,” says Catherine. “Wisk’s commitment to safe, sustainable and accessible travel is something that really resonates with me and I’m excited to be part of such a passionate and highly-skilled team.”
Prior to joining Wisk, Catherine was a Group Captain in the Royal New Zealand Air Force and has held several leadership positions across the New Zealand Defence Force. Catherine has also served in a number of senior leadership roles for the New Zealand Government.
ABOUT WISK
Wisk is an urban air mobility company dedicated to delivering safe, everyday flight for everyone. Wisk’s self-flying, eVTOL (electric vertical takeoff and landing) air taxi will make it possible for passengers to skip the traffic and get to their destination faster. Based in the San Francisco Bay Area and New Zealand, Wisk is an independent company backed by The Boeing Company and Kitty Hawk Corporation. With over a decade of experience and over 1500 test flights, Wisk is shaping the future of daily commutes and urban travel, safely and sustainably.
Wisk is on a journey to deliver safe, autonomous, all-electric, everyday flight, join us and learn more here.
Chris Brown
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HOUSTON--(BUSINESS WIRE)--Halliburton Labs has added two new advisory board members – Jennifer Holmgren, CEO, LanzaTech and Maynard Holt, CEO, Veriten. Each brings significant experience in energy systems, innovation, and business networks to support Halliburton Labs’ collaborative environment where entrepreneurs, academics, and investors join to advance cleaner, affordable energy.
“We are excited to welcome two exceptional leaders who will provide a wealth of expertise as we advance our work to help early-stage companies achieve their growth targets,” said Dale Winger, managing director of Halliburton Labs. “Our team is grateful for Jennifer and Maynard’s deep knowledge across a variety of energy disciplines and commitment to our mission.”
Jennifer Holmgren is the CEO of LanzaTech, a carbon recycling company, which deploys carbon capture and reuse facilities to make fuels and chemicals from waste carbon. Prior to LanzaTech, Holmgren was vice president and general manager of the Renewable Energy and Chemicals business unit at UOP LLC, a Honeywell Company.
Holmgren is the recipient of numerous awards including the William C. Holmberg Award for Lifetime Achievement in advanced bioeconomy by the Digest and the Edison Achievement Award for her contributions to the world of innovation. She serves on the advisory council for the Andlinger Center for Energy and the Environment at Princeton University and is a member of the National Academy of Engineering. Holmgren holds a Bachelor of Science from Harvey Mudd College, a Ph.D. from the University of Illinois at Urbana-Champaign, and an MBA from the University of Chicago.
Maynard Holt is the founder and CEO of Veriten, a new and differentiated energy information platform dedicated to seeking “truth in energy.” Established in 2021 and built off the momentum created by the “Close of Business Tuesday” podcast, Veriten brings diverse perspectives to the energy transition discussion to improve the ability of industry leaders, policy makers, and investors to make investment and strategic choices.
Holt previously served as CEO of Tudor, Pickering, Holt & Co. (TPH) from 2016 to 2021 and has over 27 years of experience in energy investment banking. A co-founder of TPH, Maynard served as co-president from 2007 to 2016, and prior to joining TPH, as a managing director with Goldman Sachs. He holds a Bachelor of Arts in economics and Russian from Rice University and a Master of Arts in public policy from the John F. Kennedy School of Government at Harvard University.
Holmgren and Holt join Jeff Miller, Reggie DesRoches, John Grotzinger, Walter Isaacson, and Dale Winger on the Advisory Board.
ABOUT HALLIBURTON LABS
Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and industrial labs join to advance cleaner, affordable energy. Located at Halliburton Company’s headquarters in Houston, Texas, Halliburton Labs provides access to world-class facilities, operational expertise, practical mentorship, and financing opportunities in a single location to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com. Connect with Halliburton Labs on Twitter, LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).
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LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT #earnings--BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press release detailing fourth quarter and full-year 2021 results on Tuesday, February 22, 2022, after market close and will host a conference call at 5:00 p.m. EST.
Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 844-850-0542 and (International) 412-317-6014. All participants should ask to be joined into the BWX Technologies (BWXT) call. A replay of the call will remain available on the BWXT website for a limited time.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com
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REYKJAVIK, Iceland--(BUSINESS WIRE)--A global leader in the manufacture of Unmanned Maritime Systems, Teledyne Marine Vehicles announces that Terradepth, a disruptor in the maritime data collection and management space, has greatly expanded its survey operations capabilities by acquiring three Teledyne Marine Gavia autonomous underwater vehicles (AUVs) to support the rollout of its Ocean Data as a Service and Absolute Ocean data platform.
“We are excited that Terradepth chose our AUV as the best solution to meet their goals,” stated Brian Maguire, Marine Chief Operating Officer and Vehicles Business Unit General Manager. “Terradepth’s application is a perfect fit with our purpose of enabling humanity to understand the marine environment like never before to explore, preserve, and protect the world.”
The Gavia AUVs are highly configurable and carry a depth rating of up to 1000 meters, making them ideal components to meet the growing demand for Terradepth’s survey services in shallow and medium depths. To help achieve these services, the three Gavia AUVs are each equipped with an Edgetech 2205 600/1600 kHz Module that retrieves both Side Scan Sonar and Bathymetric Sonar data, RDI DVL-aided IXBlue PHINS C3 Inertial Navigation Systems for accurate navigation, and field-replaceable battery modules from Teledyne Energy Systems for longer endurance. Future updates include Teledyne T20 Multi-beam Sonar and Sub-bottom profilers. The Gavia AUVs were also delivered with a Science Bay Module in anticipation of installing scientific sensors based on operational need. Terradepth’s expanding services have also received a boost with the introduction of Absolute Ocean, which combined, comprise Terradepth’s survey-as-a-service offering.
Absolute Ocean (AO), a cloud-backed, browser-based, geospatial data platform, enables storage, search, visualization and analysis of ocean data, whether collected by Terradepth or a third party. This unique capability allows users to leverage geospatial ocean data on a petabyte scale to view, search and query from any web browser.
“These moves bring Terradepth closer to its goal of creating a comprehensive and highly accurate virtual ocean model. Our vision is to allow humans to make better, faster decisions with respect to the underwater sector at large,” said Joe Wolfel, co-CEO at Terradepth. “This will help predict atmospheric weather patterns, build underwater energy and telecom infrastructures, and protect and ensure our coastal communities’ future.”
Subscribers benefit from AO’s functionality, which includes:
“We’re excited to be able to offer a complete suite of ocean data management solutions,” said Judson Kauffman, co-CEO of Terradepth. “The Gavia AUVs, combined with Absolute Ocean, will reveal new insights that are as easily searchable as looking for something on Google.”
AO currently offers high-resolution side-scan sonar, multibeam bathymetry and overhead satellite imagery, with a future roadmap that includes satellite-derived bathymetric data, sub-bottom profiling data, and water column data such as current, temperature and other environmental factors.
About Teledyne Gavia
Teledyne Gavia provides turnkey survey solutions to customers undertaking a variety of tasks for military, commercial and scientific applications. The Gavia AUV can carry an array of sensors and custom payload modules that make it perfect for any research, monitoring or surveillance task where autonomy, cost and ease of deployment matters. Its modular design allows for rapid sensor reconfiguration and battery replacement. Teledyne Gavia’s manufacturing facility comprises a 1,500 square meter building in Kópavogur, Iceland, with research, engineering, production, and sea trial facilities on Iceland’s North Atlantic coast. For more information, visit Teledyne Gavia’s website at www.teledynemarine.com/gavia.
About Terradepth
Terradepth is enabling a holistic reasoning of the Earth for the first time in human history. By making high-resolution undersea information accessible to a diverse stakeholder base, Terradepth is driving human connection with the ocean through greater understanding. From environmental decisions to new medical treatments, Terradepth's combination of Autonomous Underwater Vehicles and its Virtual Ocean are changing our relationship to the ocean for good. To learn more, visit Terradepth.com.
About Teledyne Marine
Teledyne Marine is a world class Marine Systems business that is part of Teledyne Technologies Incorporated. Through acquisitions and collaboration over the past fifteen years, Teledyne Marine has become the market leader in Imaging, Instruments, Interconnect, Seismic, and Vehicle technologies by providing innovative total solutions to our customers. Teledyne Marine is committed to providing premium products backed by unparalleled service and support. For more information, visit Teledyne Marine’s website at www.teledynemarine.com.
Media Contact:
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Teledyne Marine
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BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2682 per share, payable March 1, 2022 to all shareholders of record on Feb. 11, 2022.
Essential Utilities has paid consecutive quarterly cash dividends for 77 years and has increased the dividend 31 times in the last 30 years.
About Essential
Essential is one of the largest publicly traded water, wastewater service and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
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Essential Utilities Inc.
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BASSETT, Va. & LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, and Bassett Furniture Industries, Inc. (NASDAQ: BSET), a leading manufacturer and marketer of high-quality home furnishings, announced today that Bassett and J.B. Hunt Transport, Inc., the wholly-owned operating subsidiary of J.B. Hunt Transport Services, Inc., have entered into a definitive agreement under which J.B. Hunt Transport will acquire the assets of Zenith Freight Lines, LLC, a wholly-owned subsidiary of Bassett, for approximately $87 million.
Upon closing of the transaction, J.B. Hunt and Bassett will enter into a long-term master services agreement whereby J.B. Hunt will continue to provide the exceptional service Zenith has performed for Bassett for almost 50 years.
“This investment enhances J.B. Hunt’s furniture delivery capabilities by expanding our nationwide, end-to-end supply chain solution for our customers, and we look forward to establishing a long-term connection with Bassett, a manufacturer and retailer of high-quality home furnishings and a leader in the industry,” said John Roberts, president and CEO of J.B. Hunt.
“The sale of Zenith opens an exciting new chapter in our quest to provide the highest level of service to our customers,” said Robert H. Spilman, Jr., Bassett’s CEO and Chairman of the Board. “Disruption caused by the pandemic aside, we believe that the consolidation of traditional specialized furniture transportation is inevitable. As discussions with J.B. Hunt progressed, we came to understand the benefits that the scale of J.B. Hunt could provide in terms of equipment, technology, driver recruitment, intermodal transportation, and warehousing density. In addition, we developed a healthy respect for the management team and their operating culture. We are extremely enthusiastic about the potential to better serve our customers with the 50-year accumulated furniture transportation know-how of Zenith in combination with the power of the J.B. Hunt platform.”
Zenith posted revenue of $87 million in the fiscal year ending November 2021, with Bassett representing one-third of its business. The transaction will be funded using J.B. Hunt’s existing cash balance and is expected to close by February 28, 2022, subject to customary closing conditions.
Based in Conover, NC, and founded by Jack and Debbie Hawn, Zenith provides specialized LTL transportation services for furniture manufacturers and retailers in the continental United States. Zenith moves products from manufacturing points or import locations utilizing employee drivers, late-model equipment, and approximately one-million square feet of warehouse space to facilitate over one-quarter of a million moves annually. Following the acquisition, both founders will transition to key roles with J.B. Hunt to ensure a seamless integration with minimal impact on day-to-day service.
“The sale of Zenith to J.B. Hunt represents the culmination of our life’s work in the furniture transportation industry,” said Jack L. Hawn, president of Zenith. “Becoming a part of J.B. Hunt will advance the quality service we have established by providing scalable, efficient solutions to the furniture industry.”
The acquisition will expand J.B. Hunt’s industry-leading Final Mile Services® segment, which operates one of the largest nationwide, commingled cross-dock operations. With 116 locations and over 3.5 million square feet of warehouse and facilities space, Final Mile has the ability to serve 100% of the contiguous United States.
“Zenith’s reputation in the furniture industry and their focus on quality customer service extends our model to be the best final mile provider in North America,” said Nick Hobbs, chief operating officer, executive vice president and president of Contract Services at J.B. Hunt. “We are excited to welcome the employees and customers of Zenith to J.B. Hunt.”
About J.B. Hunt
J.B. Hunt Transport Services Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of J.B. Hunt Transport Services, Inc. For more information, visit www.jbhunt.com.
About Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high-quality home furnishings. With 96 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally and a logistics business specializing in home furnishings. For more information, visit the Company’s website at www.bassettfurniture.com.
Forward-Looking Statements
This release contains forward-looking statements which include, but are not limited to, statements about the benefits of the business combination transaction involving J.B. Hunt Transport, Inc. (“J.B. Hunt Transport”) and Bassett Furniture Industries, Inc. (“Bassett”), including the combined company’s future financial and operating results, plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this press release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements, including, but not limited to, (i) the possibility that the acquisition does not close when expected or at all because required approvals and other conditions to closing are not received or satisfied on a timely basis or at all; (ii) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (iii) the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, ongoing or future effects of the COVID-19 pandemic, interest rates, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which J.B. Hunt Transport and Bassett operate; (iv) the ability to promptly and effectively integrate the businesses of J.B. Hunt Transport and Bassett; (v) the reaction to the transaction of the companies’ customers, employees and counterparties; and (vi) diversion of management time on acquisition-related issues. Additional information on factors that might affect J.B. Hunt Transport Services, Inc.’s financial results is included in its Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and Exchange Commission on February 23, 2021. J.B. Hunt Transport Services, Inc. assumes no obligation to update the information in this press release, except as otherwise required by law.
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LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that Nitin Jain joined the company as senior vice president of strategy and business development. In this newly created role reporting directly to CEO Beth Wozniak, Jain will lead strategic planning and inorganic growth opportunities at nVent. He will develop new growth platforms through partnerships, alliances and acquisitions.
“The electrification of everything presents exciting opportunities for nVent to enhance our offerings and further serve our customers. With his strong leadership and deep experience in the electrical industry, Nitin will play a critical role in leading nVent’s strategy while also identifying inorganic opportunities to bolster our growth. We are thrilled to welcome Nitin to the nVent team,” said nVent CEO Beth Wozniak.
Jain has 18 years of global experience in business transformation, corporate development, program management and customer management. Jain joins nVent from Schneider Electric where he spent the past eight years in progressive leadership roles, most recently serving as the vice president of strategy for the digital energy division. Jain’s experience building and executing corporate strategy and leading business transformations will help nVent accelerate its growth strategy and build on its successful acquisition track record.
About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.
nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.
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VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #GreenEnergy--Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that on Thursday, February 10, 2022, after market close, it expects to release full financial results for its third quarter of fiscal year 2022, ended December 31, 2021. Later that same day, at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time), Capstone will host a live webcast to discuss those results.
At the end of the conference call, Capstone will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to the Company’s investor relations webpage at www.capstonegreenenergy.com. A replay of the webcast will be available on the site for 30 days.
About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H&S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.
For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value.
“Our transformed business structure enables us to more fully leverage the corporation’s scale, integration, technology advantages, and the skills and capabilities of our talented workforce, to better serve our customers,” said Darren Woods, chairman and chief executive officer.
“Aligning our businesses along market-focused value chains and centralizing service delivery, provides the flexibility to ensure our most capable resources are applied to the highest corporate priorities and positions us to deliver greater shareholder returns.”
Effective April 1, the company will be organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions. They will be supported by a single technology organization, ExxonMobil Technology and Engineering, and other centralized service-delivery groups providing like capabilities, building on the successful consolidation of major projects across the corporation in 2019.
The move is a further evolution of the company’s business model and part of its strategy to build globally competitive businesses that lead industry in earnings and cash flow growth, operating performance and the energy transition.
ExxonMobil is on track to exceed $6 billion in structural cost savings by 2023, compared to 2019, driven by savings from the new business structure and measures such as centralizing procurement, digital transformation of processes, and right-sizing programs that were announced in 2020.
The new ExxonMobil Product Solutions Company will engineer, manufacture and deliver products needed by modern society at an industry-leading scale, serving multiple segments, products and markets. It will play a critical role in reducing greenhouse gas emissions and plastic waste by developing more sustainable products such as:
ExxonMobil Product Solutions will be the market leader in sales of polyethylene and other high-value chemical products and hold the No. 2 market position in aromatics, lubricants and fuel additives.
Karen McKee, formerly president of ExxonMobil Chemical Company has been appointed to lead ExxonMobil Product Solutions.
ExxonMobil Technology and Engineering will integrate technology activities, improving value delivery through centralized management of technical capabilities tightly linked to business priorities.
Priorities include developing new technologies to significantly lower the cost of scope 1, 2 and 3 emissions reductions; reducing greenhouse gas emissions at the asset level; increasing production yields and revenue; developing high-value differentiated products for customers; and improving advanced recycling of plastic waste.
Linda DuCharme, formerly president of ExxonMobil Upstream Integrated Solutions and ExxonMobil Upstream Business Development, has been appointed to lead ExxonMobil Technology and Engineering Company.
This change will also consolidate the Upstream into a single organization, ExxonMobil Upstream Company, which will be led by Liam Mallon, formerly president of ExxonMobil Upstream Oil and Gas Company.
To further collaboration and integration, the company said it will relocate its corporate headquarters from Irving, Texas, to its campus north of Houston. The move, which will be completed mid-year 2023, will enable closer teamwork to accelerate and increase value delivery through company-wide approaches.
“We greatly value our long history in Irving and appreciate the strong ties we have developed in the North Texas community,” said Woods. “Closer collaboration and the new streamlined business model will enable the company to grow shareholder value and position ExxonMobil for success through the energy transition.”
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com, the Energy Factor and Carbon capture and storage | ExxonMobil.
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Cautionary Statement
Outlooks, projections, estimates, goals, targets, descriptions of business plans and objectives, market expectations and other statements of future events or conditions in this release are forward-looking statements. Actual future results, including future earnings and cash flows; cost savings; business performance; market position; and shareholder returns could differ materially due to a number of factors. These include changes in oil or gas demand, supply, prices or other market conditions affecting the oil, gas, petroleum and petrochemical industries; the ability to execute operational objectives and realize the benefits of organizational changes on a timely and successful basis; timely completion and startup of new projects; the outcome of research efforts and future technology developments; changes in laws or regulations, including treaties and laws regarding the environment; development of government policies and markets including with respect to lower-emission products; actions of competitors; war and other political or security disturbances; the outcome of commercial negotiations; the pace of recovery from the COVID-19 pandemic, and responsive actions taken by governments and consumers; general economic conditions, including the occurrence and duration of economic recessions; and other factors discussed in Item 1A. Risk Factors in our most recent Form 10-K and under the heading “Factors Affecting Future Results” available through the Investors page of our website at www.exxonmobil.com. For additional information on cash operating costs see “Frequently Used Terms” also available through our website.
ExxonMobil
Media Relations, 972-940-6007
- Collaboration on ExxonMobil project to advance OPA system from test bed to real-world production process facility -
TOKYO--(BUSINESS WIRE)--#ExxonMobil--Yokogawa Electric Corporation (TOKYO: 6841) announces that it has been selected by ExxonMobil as the system integrator for the first field trial of an Open Process Automation* (OPA) system designed to operate an entire production facility. The field trial will take place at an ExxonMobil manufacturing facility located on the U.S. Gulf Coast, replacing the existing distributed control system (DCS) and programmable logic controllers (PLC) with a single, integrated system that meets the Open Process Automation Standard (O-PAS™). The project will incorporate enhanced control capabilities enabled through the implementation of OPA technologies and interfaces.
“ExxonMobil is excited to have reached this important milestone with Yokogawa and progress the first field trial of an OPA system at an existing ExxonMobil manufacturing plant,” stated Ryan Smeltzer, OPA program manager for ExxonMobil Research and Engineering Company. “The project will take advantage of significant progress made testing OPA components and the O-PAS standards in close collaboration with Yokogawa. The OPA field trial is the next step in commercializing OPA and capturing additional value from our automation and control systems.”
Most process industries are burdened with integrating multiple proprietary systems in almost every process plant and facility. These include manufacturing execution systems, DCSs, PLCs, and their respective human-machine interfaces and inputs/outputs (I/O). This can result in elevated capital costs on new projects and a high total cost of ownership, especially in the operation and maintenance of such systems. An OPA system is designed to remedy these challenges by supporting the integration of best-in-class components from different suppliers through configuration and application portability. This enables optimization of the total cost of automation systems.
The field trial is a major milestone in Yokogawa's continued support of ExxonMobil and OPA, and shifts OPA technology from concept to a viable alternative to traditional automation for process industries. The company has commenced work on the Front-End Engineering Design phase of the project. The OPA field trial system, which involves over 2000 I/O, is expected to be commissioned in 2023.
For the past two years, ExxonMobil and Yokogawa have been developing, testing, and improving OPA technologies through the joint operation of an OPA test bed located near ExxonMobil’s Houston, Texas campus. This collaborative work has developed and qualified many of the core OPA functions in preparation for the field trial. In addition to the field trial, test bed engineers at the Houston-area development office will continue to implement and refine OPA technologies in-line with the latest version of the O-PAS standard.
* A standards-based, open, secure, interoperable process control architecture being developed by the Open Group Open Process Automation™ Forum (OPAF), a consensus-based group of end users, suppliers, system integrators, standards organizations, and academia. Both ExxonMobil and Yokogawa Electric Corporation are members of OPAF.
For more information
Open Process Automation:
https://www.yokogawa.com/us/solutions/solutions/open-process-automation/
About Yokogawa
Yokogawa provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations.
Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,500 employees in a global network of 119 companies spanning 61 countries.
For more information, visit www.yokogawa.com
The names of corporations, organizations, products, services, and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.
Media inquiries:
PR Section
Integrated Communications Center
Yokogawa Electric Corporation
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Tortoise Energy Infrastructure Corp. (NYSE: TYG)
Tortoise Midstream Energy Fund, Inc. (NYSE: NTG)
Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP)
Tortoise Energy Independence Fund, Inc. (NYSE: NDP)
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)
OVERLAND PARK, Kan.--(BUSINESS WIRE)--TortoiseEcofin today announced the tax characterization of 2021 distributions paid to common stockholders of each of the funds listed below:
2021 Tax Characterization of Distributions |
||||||||||
|
TYG |
|
NTG |
|
TTP |
|
NDP |
|
TPZ |
|
Qualified Dividend Income |
100% |
|
100% |
|
0% |
|
8% |
|
16% |
|
Ordinary Dividend Income |
0% |
|
0% |
|
0% |
|
0% |
|
29% |
|
Return of Capital |
0% |
|
0% |
|
100% |
|
92% |
|
55% |
|
Long-Term Capital Gain |
0% |
|
0% |
|
0% |
|
0% |
|
0% |
|
Additional information regarding the tax characterization of the 2021 distributions is available at www.TortoiseEcofin.com.
A copy of the information is also available upon request by calling (866) 362-9331.
Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.
Annual Report
The adviser also announced today the release of the combined 2021 annual stockholders' report including all of these funds. The annual report is available online at cef.tortoiseecofin.com. Please call (866) 362-9331 or email This email address is being protected from spambots. You need JavaScript enabled to view it. to request a hard copy of this report free of charge.
About Tortoise
Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. For additional information, please visit www.TortoiseEcofin.com.
Tortoise Capital Advisors, L.L.C. is the Adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., and Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on these funds, please visit cef.tortoiseecofin.com.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
For more information contact Jen Ashlock at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it..
HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today that it will host a conference call to discuss its fourth quarter and full year 2021 results on Tuesday, February 22, 2022 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its fourth quarter and full year 2021 earnings release before the market opens on February 22, 2022.
To join the fourth quarter and full year 2021 conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website, www.solarisoilfield.com.
An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 8943512. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented equipment and systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Today Ecofin Sustainable and Social Impact Term Fund (TEAF) announced the tax characterization of 2021 distributions paid to its common stockholders.
2021 Tax Characterization of Distributions
For tax purposes, TEAF's 2021 distributions were characterized as 32% as ordinary income, 39% qualified dividend income and 29% return of capital.
Additional information regarding the tax characterization of the 2021 distributions is available at www.TortoiseEcofin.com.
A copy of the information is also available upon request by calling (866) 362-9331.
Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.
Annual Report
The adviser also announced today the release of the 2021 annual stockholders' report. The annual report is available online at https://cef.ecofininvest.com/funds/teaf/. Please call (866) 362-9331 or email This email address is being protected from spambots. You need JavaScript enabled to view it. to request a hard copy of this report free of charge.
Upcoming Webinar
Please see a link to register for an upcoming webinar that will provide an update on the fund as well as an outlook on the sectors and direct investments in the fund.
Wednesday, February 16, 2022, 11:00am ET/10:00am CT
Register here.
Quarterly Commentary
TEAF commentary has been published for the fourth calendar quarter of 2021. The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests. A copy of the commentary piece is available here on the company website.
For additional information on this fund, please visit https://cef.ecofininvest.com/funds/teaf/.
TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the fund’s sub-adviser.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Jen Ashlock
(913) 981-1020
This email address is being protected from spambots. You need JavaScript enabled to view it.
Electric vehicle (EV) owners don’t have the information they need to prepare for charging their EVs according to new research from Uplight. Shoppers are often unaware of the variety of helpful utility resources around rates and charging to help them.
BOULDER, Colo.--(BUSINESS WIRE)--Most electric vehicle (EVs) owners conduct little to no research on charging infrastructure before purchasing new vehicles until they bring their electric vehicles home, according to a study released today by clean energy software leader Uplight and See Change Institute. Added to this, most did not consider their utility when looking for any information around EVs, despite an abundance of utility EV-related resources.
The majority of those surveyed qualify as “reactive chargers,” only pursuing in-depth charging research after encountering a charger-related issue with their electric vehicles, such as high electricity bills after charging at home. For these participants, the extent of their charging research before purchasing the vehicle is limited to checking for an outlet in the garage. Many participants admit to “figuring it out as they go,'' rather than researching charging options, capabilities, and cost before the major purchase of the vehicle itself.
While participants acknowledged the importance of conducting research on charging options, few were familiar with the guidance offered by their utilities. The findings also convey a hesitancy to purchase Level 2 chargers proactively, with participants most often considering Level 2 chargers only after experiencing slow charging times with Level 1. Participants in the focus group overwhelmingly preferred charging their vehicles at home rather than at community chargers, but they are largely unaware of the tools readily available to guide them in doing so efficiently.
Those participants who did conduct in-depth research failed to take advantage of the utility offerings and primarily relied upon social media and YouTube for information, rather than seeking information specific to their home or lifestyle or by contacting qualified professionals. The ongoing switch to EVs requires a paradigm shift for consumers to look to their utility when they typically look to dealers and gas stations when it comes to fueling their car.
“Many of the EV owners we talked to cited busy lifestyles or lack of time for doing their own research on charging cost, tools and options. The research on recent EV owners echoed my personal experience purchasing an EV this fall, the lack of education and engagement and the decision to charge at home. We believe these insights show an excellent opportunity for utilities to become a trusted energy advisor and create a one-stop customer experience that helps walk customers through all available options, help them identify rebates and better understand how owning an EV will affect their electric bill,” said Devren Hobbs, Vice President of Product of Emerging Technology at Uplight. “Uplight's EV Solutions help utilities get ahead of the EV curve and their decarbonization goals while helping customers proactively understand and optimize charging while creating a deeper utility-customer relationship that extends beyond electric vehicles.”
Other Research Highlights:
Uplight partnered with See Change Institute to conduct a focus group of recent EV owners. Utilities interested in learning more about how customers think about EV charging can sign up for a webinar on February 3rd, 2022 @ 11:00 am MT to learn more.
About Uplight
Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streamlining the complex transition to the clean energy ecosystem for more than 80 electric and gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with its clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy.
Elaine Reddy
720-252-8105
This email address is being protected from spambots. You need JavaScript enabled to view it.
NEW YORK & OSLO, Norway & LUXEMBOURG & VAASA, Finland--(BUSINESS WIRE)--FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has developed a program for the Environmental Impact Assessment (EIA) and submitted its proposal to Finland’s Centre for Economic Development, Transport and the Environment (ELY Centre).
This marks an important step in the approval process to initiate a potential construction of FREYR’s planned battery cell plant project in Vaasa, Finland. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028.
FREYR has identified Vaasa as a promising production site due to its local supply of affordable, renewable energy and its proximity to raw materials and a highly competent workforce. The aim of the project in Vaasa is to produce advanced, energy efficient battery cells with the lowest possible CO2 emissions. EIA approval is required before the final investment decision and construction of the plant can begin.
“Vaasa is a key Nordic center for the battery industry, a journey that this city began nearly five years ago. For FREYR, Vaasa represents an ideal location for Gigawatt hour scale production in the Nordics, a place where we can attract talent, collaborate across the value chain, as we continue our progress towards becoming one of Europe’s largest producers of low-carbon battery cells,” said Tom Einar Jensen, the CEO of FREYR.
“To this end, the EIA process is essential both to take the right steps towards the construction phase, and also to understand the impact we may have on the local environment, and what is required of us to mitigate or eliminate that impact from the start,” he added.
“FREYR Battery's preparations for building a cell factory are Finland's first large-scale cell project, and we are very pleased that the process has progressed to this stage. We have collaborated with many operators in the GigaVaasa region at different stages of the environmental impact assessment processes and we have learned a lot at the same time. FREYR Battery's EIA process, which is done carefully, provides a good basis for future permit procedures,” says CEO Ulla Mäki-Lohiluoma on behalf of the GigaVaasa team.
The purpose of the assessment is to identify, evaluate and describe the likely environmental impacts of FREYR’s project in Vaasa. The target is to conclude the assessment procedure before the end of 2022 with a subsequent potential investment decision in Finland’s first Gigawatt hour scale battery cell facility.
The ELY Centre will base its EIA assessment of the proposed FREYR plant on factors such as the location, physical characteristics and environmental aspects that may affect the project. They will also assess how the project will affect the predicted residues and emissions, as well as the use of natural resources and the broader environmental impact on the Vaasa area.
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028. To learn more about FREYR, please visit www.freyrbattery.com
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the potential battery cell plant project in Vaasa, Finland and the United States; FREYR’s ability to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028; the Vaasa project’s ability to produce advanced, energy efficient battery cells with the lowest possible CO2 emissions; the potential benefits of locating FREYR’s production site in Vaasa, including its local supply of affordable, renewable energy and its proximity to raw materials and a highly competent workforce; FREYR's ability to attract talent and collaborate across the value chain and become one of Europe’s largest producers of low-carbon battery cells; and FREYR’s ability to conclude the assessment procedure before the end of 2022 with a subsequent potential investment decision in Finland’s first Gigawatt hour scale battery cell facility are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and in other SEC filings available on the SEC’s website at www.sec.gov.
Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161
Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570
BELLEVUE, Wash.--(BUSINESS WIRE)--In 2018, T-Mobile (NASDAQ: TMUS) was the first and only U.S. provider to create an ambitious plan to source 100% of its total electricity usage with renewable energy by the end of 2021. Today the company announced it was the first in wireless to do it. Even with a historic merger that significantly expanded its electricity needs, the Un-carrier met its RE100 goal through a combination of renewable energy investments that support the company’s efforts to mobilize for a thriving planet.
“T-Mobile put a stake in the ground as the first telecom to commit to going all in on renewable energy by the end of 2021, and now we’re the first to hit this milestone years ahead of others,” said Mike Sievert, T-Mobile CEO. “This was no easy task, but we set a goal and we achieved it. Today, thanks to amazing efforts from a team who was unwavering in our commitment to reduce our impact on the planet, the Un-carrier is powering America’s largest, fastest and most reliable 5G network with 100% clean electricity.”
To help reach the 100% benchmark, T-Mobile developed a renewable energy strategy that includes eight virtual power agreements, 19 retail agreements, one Green Direct program, and unbundled Renewable Energy Certificates that support projects across the country. As a result, the company has invested in enough wind and solar power annually to account for every unit of electricity consumed. The nine large wind and solar farm projects alone (which include the virtual power agreements and Green Direct program) are contracted to provide T-Mobile with approximately 3.4 million MWh of clean energy annually—enough to provide electricity to over 313,000 homes per year.
Beyond agreements that directly contribute to T-Mobile's energy matching efforts, the company also supports 37 community solar projects, which represent greening local energy grids with more than 2.1 million MWh over 25 years for Maine, Massachusetts, Minnesota, New York and Oregon.
T-Mobile’s commitment to renewable energy is complemented by an enterprise-level focus on energy conservation, which includes switching to smart thermostats and ENERGY STAR certified LED lighting in retail stores, upgrading mechanical and electrical systems in our data centers, optimizing air management to keep equipment cool at locations such as cell sites, and installing energy-efficient radio equipment on cell towers, among other things.
“T-Mobile is an example of leadership for sustainability in its industry,” said Louisa Plotnick, Head of Programs, North America, at Climate Group, which co-leads the RE100 in partnership with CDP. “By adopting and driving new development of sustainable power sources, T-Mobile shows that corporations can act quickly if ambition is supported by real change. We are thrilled to see T-Mobile achieve this milestone and look forward to our continued partnership as the US rapidly embraces the transition to a renewable future.”
This RE100 achievement is further proof of T-Mobile's industry-leading efforts to help build a more sustainable future for everyone. T-Mobile has also led Green America’s Wireless Scorecard three years in a row, and the company recently got a top grade in the 2021 CDP Climate Change questionnaire.
Moving forward, the Un-carrier plans to add more renewable energy projects to its portfolio to match future electricity usage, explore onsite solar infrastructure and invest in organizations delivering clean energy to more communities across the U.S. Plus, the company plans to share new commitments aimed at further decarbonizing its business later this year.
Visit the T-Mobile Sustainability Page to learn more about the Un-carrier's environmental initiatives.
T-Mobile matches its own annual electrical usage with renewable energy from a portfolio of sources including: virtual power purchase agreements, a green direct tariff, renewable retail agreements, and unbundled REC purchases. For details see T-Mobile.com. 5G: Capable device required; coverage not available in some areas. Some uses may require certain plan or feature; see T-Mobile.com. Most Reliable: According to an audit report conducted by independent third party umlaut containing crowdsourced data for user experience collected from April to September 2021. Full details at: www.umlaut.com/en/benchmarking/USA. Fastest: Based on median, overall combined 5G speeds according to analysis by Ookla® of Speedtest Intelligence® data 5G download speeds for Q4 2021. Ookla trademarks used under license and reprinted with permission.
About T-Mobile
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. For more information please visit: http://www.t-mobile.com.
About RE100
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by international non-profit the Climate Group in partnership with CDP, the group have a total revenue of over US$6.6 trillion and operate in a diverse range of sectors. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a clean economy. For more information please visit: https://www.there100.org/.
T-Mobile US Media Relations
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PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) (ISIN:NL0014559478) will disclose its full year 2021 financial results, provide 2022 guidance and outlook, and report on its ESG roadmap in a press release to be issued on Thursday March 3, 2022 at 07:30 CET. The Company will host a results conference call on the same day at 14:00 CET.
To participate in the conference call, please use one of the following telephone numbers and dial in approximately 10 minutes prior to the scheduled start time:
FR: +33 1 76 70 07 94
UK: +44 (0) 2071 928000
US: +1 631 510 74 95
Conference Code: 9195285
The event will be webcast simultaneously and can be accessed at: https://edge.media-server.com/mmc/p/vcbpmnmf
To listen to the webcast, please register on the website at least 10 minutes before the call begins. The webcast will be available on-demand shortly after it has finished.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.com.
Investor relations
Phillip Lindsay
Vice-President Investor Relations
Tel: +44 20 7585 5051
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Migdal Insurance, Israel’s leading insurance company, will invest an additional amount of up to $ 75 Million in phase II of Doral LLC’s Mammoth Solar Project in Northwest Indiana as part of its ESG Policy. The new investment would expand Migdal’s investment in the project to up to $175 Million, beyond its investment in the company.
PHILADELPHIA--(BUSINESS WIRE)--Migdal Insurance, Israel’s largest insurance company, with assets under management of $90 billion, is expanding its strategic partnership with Doral Renewables LLC (dba Doral LLC) by committing an additional amount of up to $75 Million in the second phase of the company’s Mammoth Solar project in Northwest Indiana. Migdal will own 22.5% of the project’s second phase, named Mammoth South, which is expected to generate 300 MWac of clean energy.
The new agreement would see Migdal increase its direct investment in the Mammoth Solar project, one of the largest solar projects in the country, to up to $175 million and its overall investment in Doral LLC, including capital and credit to an amount of up to $415 million. This investment is being carried by virtue of Migdal's option, under the initial agreement with Doral LLC in May, 2021, to invest in certain pre-defined projects of the company.
In May, 2021, Migdal acquired 20% of Doral LLC’s ownership for $110 million. In addition, Migdal has allocated a $130 million credit facility and committed to invest up to $100 million in the first phase of the Mammoth Solar Project (Mammoth North), expected to generate 400 MWac.
The Mammoth Solar project is one of the country’s largest solar farms with over 13,000 acres across Starke and Pulaski Counties in Northwest Indiana. The project is expected to generate 1.3GWac of clean energy, enough to meet the needs of over 230,000 households in the Midwest annually. The project is further projected to encompass an economic investment of approximately $1.5 billion. In October 2021, the company held a ribbon cutting ceremony, featuring the Governor of Indiana, The Honorable Mr. Eric Holcomb and the Israeli Ambassador to the US, Mr. Gilad Erdan.
“Midgal’s investment supports our achievement of becoming a market leader with the best people and a rapidly expanding project portfolio with over $6 billion in construction value. Mammoth Solar, Doral LLC and the renewables market is transforming the world. Indiana is a leader in the energy sector and their efforts to form the strongest industry cluster are working. Doral is creating jobs and revitalizing communities across America,” says Nick Cohen, President and CEO of Doral LLC.
Yaki Noyman, CEO of the Doral Group: “Migdal increasing its investment is a direct expression of the trust offered by Israel’s institutional entities in the renewable energy sector and in Doral in particular. We have chosen partners that are not only interested in generating returns from its investment, but also in its impact on the public and the environment. We continue to initiate and develop more projects in Israel, Europe, and the US.”
Erez Migdali, Deputy CIO and Head of Private Assets at Migdal Insurance: “We are delighted to deepen our investment in Doral LLC’s activities. This significant, growing partnership is an indication of our trust in the renewables industry and in Doral. This investment is in correlation with our ongoing ESG policy, in which we have developed an investment framework of over NIS 3 Billion in net positive investments, annually. I have no doubts that this deal, signed in the first days of 2022, is the first among many new investments we intend to promote in the upcoming year."
Doral
Doral LLC was founded in 2019 as a joint venture between Doral Group and Clean Air Generation. Doral LLC currently has approximately 6 gigawatts of projects under development and over 40,000 acres of land control in the U.S. The management team of Doral LLC includes experienced multidisciplinary individuals who worked together for many years in the renewables industry in the US.
Doral Group is a publicly traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue generating renewable energy assets. Doral Group is active, inter alia, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 750MW(dc) + 1,400MWh of storage facilities in Israel.
Migdal Insurance
Migdal Insurance is Israel’s largest insurance company and pension manager with AUM of 90 billion dollars, 2.3 million customers and more than 4,900 employees. Migdal has a local corporate rating of Aa1. Migdal was Israel’s first institutional body to announce the adoption of an ESG (Environmental Social and Governance) investment policy over six months ago. Migdal has already made several investments in the field, including a NIS 1 Billion investment in Copenhagen Infrastructure Partners IV, a Danish Fund which is active in renewable energy projects; a $100 Million investment in BayWa Renewable Energy, an international growth company operating in renewable energies and a unique investment of $60 Million in the AMUNDI PLANET Fund which was established in partnership with large global institutional entities to develop “green” bond markets in emerging countries.
Media:
Maya Ziv Wolf
Corporate Media Relations
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CAMPO GRANDE, Mato Grosso do Sul--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s worldwide leader in Flex MLPE (Module Level Power Electronics), today announced that it has worked with Mensch Engenharia, a full-service photovoltaic solutions provider headquartered in Ituiutaba, Brazil, to maximize the benefits of PV systems by leveraging Tigo solar technology. Following its mission to focus on solution quality and outstanding customer service, Mensch Engenharia uses Tigo Flex MLPE products to deliver improved safety, performance, and manageability to its customers in the state of Minas Gerais.
Mensch Engenharia is an integrated solar solutions company that handles the sizing, design and installation of photovoltaic solar systems for residential, commercial, and rural customers. With more than 400 solar installations completed since its founding in 2018, Mensch Engenharia has made a significant contribution to the solarization of Brazil’s most productive solar-energy-producing states. Due to the hilly terrain and prolific vegetation of Minas Gerais, Mensch Engenharia regularly contends with the challenges of partial module and system shading. Further, the company must often deploy differently-powered solar modules on roof faces at various orientations to maximize solar energy production.
"Many of our customer sites are located in adventurous terrain, and Tigo gives us the flexibility to deploy highly productive solar systems despite prevailing shading, orientation, and related constraints,” said Alex Barbosa, partner and director at Mensch Engenharia. “The flexibility and performance of Tigo products help us close deals, and they are amplified by the dedication to service of the Tigo support team that ensures our installer teams are always highly productive. Our business is growing, and I am pleased to say that because of Tigo optimizers we must no longer run from the shadows.”
The Tigo Energy TS4 platform maximizes the benefit of PV systems for installers on all continents. With a range from less than 10kW to more than 10MW in size, and installation in less than 10-seconds per module, Tigo has a globally proven, trusted, and reliable product portfolio, from rapid shutdown to module-level monitoring and advanced energy optimization. Tigo products can work seamlessly with more than 2000 inverter types, ranging from 2.2kW to 2MW, globally.
“At Tigo, our goal is to empower solar installers with technology that speeds up design and installation, boosts performance, and makes operations and service efficient. I am delighted to see the team at Mensch Engenharia leverage all three," said Manoel Monteiro, LATAM representative sales manager at Tigo Energy. “I am also proud of the feedback to the performance of our regional support team, which truly rounds out our offering.”
For more information about going solar in Minas Gerais, please contact Mensch Engenharia by going to https://mchengenharia.com.br/. To hear Alex Barbosa of Mensch Engenharia describe his experience working with Tigo Energy, watch his review of Tigo optimizers here.
To find out more about Tigo Energy Flex MLPE products, please visit www.tigoenergy.com.
About Tigo Energy
Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.
Media Contact for Tigo in Brazil
Manoel Monteiro
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