DUBLIN--(BUSINESS WIRE)--The "Global & United States Fuel and Convenience Store POS Market Outlook 2026" report has been added to ResearchAndMarkets.com's offering.
The global fuel & convenience store POS market is estimated to garner a revenue of close to USD 7260 Million by the end of 2026, up from a revenue of around USD 3990 Million in the year 2020. The global fuel & convenience store POS market is anticipated to grow with a CAGR of 10.74% over the forecast period, i.e., 2021 - 2026.
Moreover, in the United States, the market is expected to generate a revenue of about USD 560 Million by the end of 2026, and further grow with a CAGR of over 5% during the forecast period. Moreover, the market in the United States is expected to grow with a CAGR of 5.63% during the forecast period.
Factors such as the increasing number of fuel stations and convenience stores in countries worldwide, along with the increase in online payment, followed by the surge in the volume of sales of these stores are anticipated to drive the growth of the market during the forecast period.
The global and United States fuel & convenience store POS market is segmented on the basis of product fixed POS, mobile POS, and cloud POS. Out of these, the fixed POS segment is expected to generate the largest revenue of near to USD 3680 Million by the end of 2026.
Additionally, the segment is also expected to grow with a CAGR of more than 9% during the forecast period. Furthermore, in the year 2020, the segment registered a revenue of around USD 2150 Million.
Some of the prominent industry leaders featured include
Key Topics Covered:
1. Market Definition
1.1. Definition
1.2. Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. Executive Summary - Global Fuel and Convenience Store POS Market
5. Market Dynamics
5.1. Market Drivers
5.2. Market Trends
6. Key Market Opportunities
7. Major Roadblocks for the Market Growth
8. Regulatory and Standards Landscape
9. Industry Risk Analysis
10. Industry Growth Outlook
11. Feature Analysis
12. Competitive Positioning
13. Cloud Based (SaaS) vs Traditional (Non-SaaS) Cost Analysis - 2020
14. Competitive Landscape
14.1. Market Share Analysis, 2020
14.1.1. Global Market Share Analysis
14.1.2. United States Market Share Analysis
14.2. Competitive Benchmarking
14.3. Company Profiles
15. Global Fuel and Convenience Store POS Market 2020-2026
15.1. Market Overview
15.2. By Value (USD Million)
15.3. By Volume (Thousand Units)
16. Global Fuel and Convenience Store POS Market - Segmentation Analysis 2020-2026
16.1. Product
16.1.1. Fixed POS, 2020-2026F (USD Million) (Thousand Units)
16.1.2. Mobile POS, 2020-2026F (USD Million) (Thousand Units)
16.1.3. Cloud POS, 2020-2026F (USD Million) (Thousand Units)
16.2. Deployment
16.2.1. Traditional (Non-SaaS), 2020-2026F (USD Million) (Thousand Units)
16.2.2. Cloud-Based (SaaS), 2020-2026F (USD Million) (Thousand Units)
16.3. Component
16.3.1. Hardware, 2020-2026F (USD Million) (Thousand Units)
16.3.2. Software, 2020-2026F (USD Million) (Thousand Units)
16.3.3. Services, 2020-2026F (USD Million) (Thousand Units)
16.3.3.1. Managed Services, 2020-2026F (USD Million) (Thousand Units)
16.3.3.2. Professional Services, 2020-2026F (USD Million) (Thousand Units)
16.4. Application
16.4.1. Inventory Management, 2020-2026F (USD Million) (Thousand Units)
16.4.2. Cash Management, 2020-2026F (USD Million) (Thousand Units)
16.4.3. Operations Management, 2020-2026F (USD Million) (Thousand Units)
16.4.4. Reporting and Analytics, 2020-2026F (USD Million) (Thousand Units)
16.4.5. Others, 2020-2026F (USD Million) (Thousand Units)
16.5. End-Use
16.5.1. Fuel Stations, 2020-2026F (USD Million) (Thousand Units)
16.5.2. Convenience Stores, 2020-2026F (USD Million) (Thousand Units)
17. United States Fuel and Convenience Store POS Market - Segmentation Analysis 2020-2026
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Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) today announced it is taking steps to reduce the company’s midstream exposure following the completion of Enable Midstream Partners, LP’s (NYSE: ENBL) merger with Energy Transfer LP (NYSE: ET). CenterPoint’s 53.7% of Enable common units converted into 201 million ET common units. The settlement of CenterPoint’s previously announced contingent forward sale for 50 million ET common units, representing approximately 25% of CenterPoint’s ownership in ET common units, was triggered upon the completion of the merger between Enable and ET.
CenterPoint also received $5 million in cash in exchange for its Enable general partner interest and ET Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred units with a liquidation preference of approximately $385 million in exchange for the $363 million liquidation preference of Enable Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred units owned by CenterPoint. With the completion of this transaction, CenterPoint and OGE Energy Corp. have terminated various agreements related to Enable.
“I am excited to share this announcement today. We are now firmly on an accelerated path to reducing our exposure to the midstream industry. This transaction aligns with our newly unveiled 10-year growth strategy that focuses on investing in the footprint of our pure-play regulated business,” said President and CEO Dave Lesar. “As I shared during our 2021 Analyst Day, we are targeting a full elimination of our midstream exposure by the end of 2022.”
Lesar added, “We continue to demonstrate a consistent track record of execution and performance. In the past 18 months, we have taken decisive actions to align our interest more closely with those of our shareholders and our customers, including refocusing on our core regulated utility businesses. Our strategy supports a transition to a cleaner energy future that will drive our industry-leading growth, including our previously announced anticipated Utility earnings per share growth of 8% per year through 2024, and the mid-to-high end of 6% to 8% per year from 2025 through 2030, all with no anticipated issuance of equity during this time frame.”
About CenterPoint Energy, Inc.
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2021, the company owned approximately $37 billion in assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.
About Energy Transfer LP
ET owns and operates one of the largest and most diversified portfolios of energy assets in the North America, with a strategic footprint in all of the major U.S. production basins, ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC).
Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity.
Use of Non-GAAP Measures
As included in this press release, utility earnings per share (“Utility EPS”) is not a generally accepted accounting principles (“GAAP”) financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure.
Utility EPS includes net income from Electric and Natural Gas segments, as well as after tax Corporate and Other operating income and an allocation of corporate overhead based upon the Utility’s relative earnings contribution. Corporate overhead consists primarily of interest expense, preferred stock dividend requirements, and other items directly attributable to the parent along with the associated income taxes. Utility EPS excludes (a) earnings or losses from the change in value of CenterPoint Energy's 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 (“ZENS”) and related securities, (b) certain expenses associated with Vectren merger integration, (c) earnings and losses associated with the ownership and disposal of midstream common and preferred units (including amounts reported in discontinued operations), net gain associated with the consummation of the merger between Enable and Energy Transfer, a corresponding amount of debt related to midstream common and preferred units, and an allocation of associated corporate overhead, (d) cost associated with the early extinguishment of debt and (e) gain and impact, including related expenses, associated with the pending gas LDC sales. 2022 Utility EPS guidance excludes (a) earnings or losses from the change in value of ZENS and related securities and (b) income and expense related to ownership and disposal of Energy Transfer units, a corresponding amount of debt related to the units and an allocation of associated corporate overhead. To the extent, the pending gas LDC sales do not occur in 2021, 2022 Utility EPS guidance will exclude the impacts associated with those items as referenced in the 2021 Utility EPS guidance. Utility EPS does not consider the items noted above and other potential impacts, such as changes in accounting standards, impairments or other unusual items, which could have a material impact on GAAP reported results for the applicable guidance period. Utility EPS also considers assumptions for certain significant variables that may impact earnings, such as customer growth and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates and regulatory and judicial proceedings. In addition, the Utility EPS guidance ranges assume the timing of pending gas LDC sales, the timing of merger between Enable and Energy Transfer, and the timing of our planned disposition of the Energy Transfer common units and preferred units that we received as part of the merger between Enable and Energy Transfer. To the extent actual results deviate from these assumptions, the Utility EPS guidance ranges may not be met or the projected annual Utility EPS growth rate may change. CenterPoint Energy is unable to present a quantitative reconciliation of forward-looking Utility EPS because changes in the value of ZENS and related securities, future impairments and other unusual items are not estimable and are difficult to predict due to various factors outside of management’s control. Management evaluates the Company’s financial performance in part based on Utility EPS. Management believes that presenting this non-GAAP financial measure enhances an investor’s understanding of CenterPoint Energy’s overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments made in this non-GAAP financial measure exclude items that Management believes do not most accurately reflect the Company’s fundamental business performance. CenterPoint Energy’s Utility EPS non-GAAP financial measure should be considered as a supplement to, and not as a substitute for, or superior to diluted earnings per share, which is the most directly comparable GAAP financial measure. This non-GAAP financial measure also may be different than non-GAAP financial measures used by other companies.
The statements in this press release contain “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 in this press release are forward-looking statements made in good faith by us and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “target,” “will” or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, statements relating to the settlement of the contingent forward sale of ET common units and the expected receipt of cash proceeds therefrom, expectations on reducing and eliminating CenterPoint’s exposure to the midstream industry, including dispositions of ET common units and preferred units, moving to a pure-play regulated business, focus on growth of its utility businesses, long-term growth strategy and investment plan, CenterPoint’s transition to a cleaner energy future, CenterPoint Energy’s guidance basis utility earnings per share growth target, plans regarding equity issuances and the liquidity and risks of Energy Transfer LP common units and preferred units. Each forward-looking statement contained in this press release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of COVID-19; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; (8) growth in CenterPoint Energy's service territory and changes in market demand; (9) CenterPoint Energy's ability to execute on operations initiatives, targets and goals; and (10) other factors discussed in CenterPoint Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, CenterPoint Energy’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission (SEC).
Media:
John Sousa
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Investors:
Philip Holder/Jackie Richert
Phone 713.207.6500
DUBLIN--(BUSINESS WIRE)--The "Port Infrastructure Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global port infrastructure market to grow with a CAGR of 4% over the forecast period from 2021-2027.
The report on the global port infrastructure market provides qualitative and quantitative analysis for the period from 2019 to 2027. The study on port infrastructure market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.
The report on port infrastructure market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global port infrastructure market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global port infrastructure market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers
2) Restraints
3) Opportunities
Company Profiles
Key Topics Covered:
1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
2.1. Port Infrastructure Market Highlights
2.2. Port Infrastructure Market Projection
2.3. Port Infrastructure Market Regional Highlights
3. Global Port Infrastructure Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Analysis of COVID-19 impact on the Port Infrastructure Market
3.4. Porter's Five Forces Analysis
3.5. Growth Matrix Analysis
3.5.1. Growth Matrix Analysis by Type
3.5.2. Growth Matrix Analysis by Application
3.5.3. Growth Matrix Analysis by Region
3.6. Value Chain Analysis of Port Infrastructure Market
4. Port Infrastructure Market Macro Indicator Analysis
5. Global Port Infrastructure Market by Type
5.1. Sea Port
5.2. Inland Port
5.3. Dry Port
5.4. Others
6. Global Port Infrastructure Market by Application
6.1. Passenger
6.2. Cargo
6.3. Others
7. Global Port Infrastructure Market by Region 2021-2027
7.1. North America
7.1.1. North America Port Infrastructure Market by Type
7.1.2. North America Port Infrastructure Market by Application
7.1.3. North America Port Infrastructure Market by Country
7.2. Europe
7.3. Asia-Pacific
7.4. RoW
8. Company Profiles and Competitive Landscape
8.1. Competitive Landscape in the Global Port Infrastructure Market
8.2. Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/ag3y96.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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--Research Shows Energy Savings and Sustainability Continue to Top Respondent Priorities--
HOUSTON--(BUSINESS WIRE)--Today, NRG Energy, Inc. (NYSE: NRG) in collaboration with Smart Energy Decisions published new research that shows cost savings and sustainability continue to top the list for customer needs when considering distributed energy resources (DERs). The goal of the 2021 State of Distributed Energy Resources Study was to better understand DER energy trends with the nation’s largest electric power users.
In the study, when asked what the key driver was for considering DERs, nearly 85 percent of respondents said cost savings remain the priority for guiding decisions. In addition to reducing costs, nearly two-thirds of those surveyed cited improving energy efficiency and making progress toward emissions reductions as leading considerations. The study also demonstrated a continuing interest in DERs, notably for resources such as energy storage, that can deliver multiple benefits. A quarter of respondents had already deployed this technology, and 59 percent report actively considering storage in the future.
The study interviewed more than 100 large electric power users regarding their energy plans and how DERs fit into their overall strategy.
To read the entire version of the State of Distributed Energy Resources Study click here.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
About Smart Energy Decisions
Smart Energy Decisions is the leading information and research platform serving large electric power users. We produce news, analysis, research and events designed to help our community make smart energy decisions. We are a catalyst for change in support of the energy transition taking place in electric power markets. Our mission is to help large electric power users improve their profitability and reduce their carbon emissions by adopting best practices in energy efficiency and renewable energy sourcing.
Investors:
Kevin L. Cole, CFA
609.524.4526
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Media:
Lauren Brown
713.537.2861
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Innovators in Software and Hardware Join Forces to Scale Solar Uptake
World’s Strongest and Most Reliable Solar Racking and Mounting Systems Now Available on the World’s Most Accurate and Entirely Free Solar Design and Sales Platform at OpenSolar.com
SAN FRANCISCO & SYDNEY--(BUSINESS WIRE)--OpenSolar, Inc., a global solar SaaS company keenly focused on empowering solar installers with the world’s most accurate and entirely free solar design and sales platform, and IronRidge, maker of the world’s strongest and most reliable solar racking and mounting systems, today announced the integration of IronRidge’s products on opensolar.com. The partnership connects two industry leaders – one focused on innovative hardware, the other on breakthrough software – with a common mission to scale solar uptake by providing installers with the best systems and tools available to streamline the complex solar design, sales, and installation process.
Through OpenSolar’s platform, installers can now automatically calculate the exact IronRidge racking and mounting components for each design, seamlessly build an accurate Bill of Material (BoM) and ensure the most efficient ordering and inventory of equipment, thereby improving installer cashflow. To increase sales conversion, installers also will have the capability to provide customers with dynamic content that educates customers on the market-leading strength and reliability of IronRidge products.
“OpenSolar is committed to simplifying and streamlining the entire solar sales process, not only with the world’s most accurate and efficient design software but with an entirely free end-to-end sales platform that incorporates all the essential components of a compelling solar proposal, including customized permitting solutions, the most competitive financing options, and an array of the very best hardware products in the market,” said Andrew Birch, Co-Founder of OpenSolar. “IronRidge’s mounting and racking products continue to set the standard for their remarkable durability and reliability, and we are proud to integrate them onto our cutting-edge platform.” Birch added, “I pose the question to solar installers everywhere, ‘when the world’s most accurate, efficient, and robust solar design and sales platform is entirely free, why would you pay to use a platform that provides anything less?’”
Rich Tiu, IronRidge CEO, said, “IronRidge and OpenSolar share a commitment to streamlining business operations for solar installers. Just as we aid the design and ordering of product through our digital platform - Design Assistant - OpenSolar is thriving in the space around sales enablement and customer outreach. Installers who take advantage of the new data integration between our platforms can save time and close more business in the residential space.”
OpenSolar’s partnership with IronRidge marks the company’s third major U.S. deal in 2021, having forged deals with permit design and engineering company, Greenlancer, in June, and leading solar financing company, Sungage Financial, in November. Also in November, the company announced the findings of independent, third-party assessments that validate the unmatched accuracy of its solar design tool. Since its launch in 2019, OpenSolar’s free-to-use design and sales platform has enabled solar installers in over 100 countries to convert more prospects into booked sales while saving time and eliminating the costly licensing fees attached to other solar design and sales platforms.
About IronRidge
IronRidge, an Esdec company, designs and manufactures structural hardware for residential and commercial solar systems. For over 25 years, the company has worked closely with solar professionals to build strong, simple, and cost-effective products. Based in the San Francisco Bay Area, IronRidge is NSF Certified to ISO 9001, maintaining the highest quality management standards. For more information, visit www.ironridge.com.
About OpenSolar
OpenSolar launched in 2019 with a mission to scale solar globally by providing installers with innovative software technology and an equally innovative business offering – the world’s first entirely free-to-use design and sales platform. Solar installers can use OpenSolar’s end-to-end platform to build complete customer proposals, including the industry’s most accurately designed systems, an array of state-of-art hardware, on-demand customized permitting proposals, and a portfolio of competitive financing options. Instead of charging a licensing fee to utilize its software, OpenSolar provides its software free of charge and instead derives revenue from its various partner affiliates. By utilizing OpenSolar, installers can avoid costly software licensing fees and instead, invest more money into other areas of their businesses, confident they are using the very best design and sales tools available in the market, all for free. OpenSolar is based in Sydney, Australia, with remote offices in the U.S. For more information, visit www.opensolar.com.
OpenSolar
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IronRidge
Angie Fryer
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WATSONVILLE, Calif.--(BUSINESS WIRE)--$GVA #BuildBetterTogether--Granite (NYSE:GVA) is proud to announce that CIO Malcolm Jack has been named a 2021 Info-Tech CIO Awards winner by Info-Tech Research Group, a leading IT research and advisory firm. Since 2016, the CIO Awards have recognized outstanding industry leaders for delivering exceptional value to their organizations and for achieving high scores in stakeholder satisfaction in Info-Tech’s CIO Business Vision program. This program measures an organization’s satisfaction with core IT services, providing CIOs with the foundation to jumpstart a successful IT strategy.
Jack was recognized in the “Visionary and Growth Leaders” category for the Granite IT department’s exceptional increase in satisfaction scores over the previous year. “Our team has done exceptional work for Granite during difficult circumstances over the past 12 months,” said Jack. “This award is a testament to their dedication to high performance. Thanks to the entire team for making Granite IT such a strong piece of our organization.”
“The Info-Tech CIO Awards spotlight the essential attribute of an IT leader’s success, which is the ability to satisfy their stakeholders,” said Geoff Nielson, senior vice president, global services and delivery for Info-Tech Research Group. “Recipients personify how IT should deliver business value, especially during unprecedented times. It is our honor to acknowledge the 2021 honorees, who have made amazing strides and achievements for their respective organizations.”
To see the full list of winners and learn more about the awards, please visit here.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure, and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.
About Info-Tech Research Group
Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals. The company produces unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. Info-Tech partners closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
Granite Contacts
Media
Erin Kuhlman 831-768-4111
Investors
Wenjun Xu - 831-761-7861
CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--AptarGroup, Inc. (NYSE: ATR), a global leader in drug delivery, consumer product dispensing and active material solutions, has been named one of America’s Most Responsible Companies 2022 by Newsweek and is ranked #10 out of 500 U.S. companies. Aptar is also ranked first in its industry category.
“We are extremely proud to be recognized by Newsweek and Statista for the third consecutive year for our efforts to further a more sustainable, socially responsible, diverse, equitable and inclusive company,” said Stephan B. Tanda, Aptar President and CEO. “This accolade is a reflection of our shared values – to act ethically and responsibly, to care for each other and our planet, to source renewable energy and to further a circular economy where packaging is reused and recycled.”
Aptar designs its products and processes with people and the planet in mind. The company’s focus on eco-design of products and science-based targets is aligned to that of its partners such as the Ellen MacArthur Foundation, the World Business Council for Sustainable Development and many other organizations who are contributing to a more circular economy. Aptar encourages readers to view its most recent Corporate Sustainability Report for additional information about its environment, social and governance efforts.
Newsweek, in partnership with Statista – one of the largest statistics database companies worldwide – evaluated America’s Most Responsible Companies based on the 2,000 largest public companies by revenue in the U.S. and publicly available performance data in the environmental, social and corporate governance categories. Rankings are also based on survey results from 11,000 U.S. citizens regarding their perceptions of the companies related to corporate social responsibility. Newsweek’s full list of America’s Most Responsible Companies 2022 can be found here.
About Aptar
AptarGroup, Inc., is a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing and active material solutions. Aptar’s innovative solutions and services serve a variety of end markets including pharmaceutical, beauty, personal care, home, food and beverage. Using insights, proprietary design, engineering and science to create dispensing, dosing and protective packaging technologies for many of the world’s leading brands, Aptar in turn makes a meaningful difference in the lives, looks, health and homes of millions of patients and consumers around the world. Aptar is headquartered in Crystal Lake, Illinois and has 13,000 dedicated employees in 20 countries. For more information, visit www.aptar.com.
Investor Relations Contact:
Matt DellaMaria
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815-479-5530
Media Contact:
Katie Reardon
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815-479-5671
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (PARIS: FTI) (the “Company”) announced today the results of its previously announced cash tender offer (the “Tender Offer”) in respect of its (i) 6.500% Senior Notes due February 1, 2026 (the “2026 Notes”); (ii) 5.75% Notes due June 30, 2025 (the “2025 Notes”); (iii) 3.15% Notes due October 16, 2023 (the “2023 Series A Notes”); and (iv) 3.15% Notes due October 18, 2023 (the “2023 Series B Notes” and, collectively with the 2023 Series A Notes, the “2023 Notes”, and, collectively with the 2026 Notes and the 2025 Notes, the “Notes”).
The Company further announced that it has increased the maximum aggregate principal amount of Notes to be accepted in the Tender Offer (the “Maximum Tender Amount”) from $100 million to $200 million. The terms and conditions of the Tender Offer, as set forth in the offer to purchase (the “Offer to Purchase”), dated November 18, 2021, otherwise remain unchanged.
As of 5:00 P.M., New York City time, on December 2, 2021, in excess of $200 million aggregate principal amount of the 2026 Notes had been validly tendered and not validly withdrawn. Because the tendered amount exceeds the Maximum Tender Amount (as increased), the tendered 2026 Notes have been accepted for purchase on a prorated basis. As a result, $200 million aggregate principal amount of the 2026 Notes that were tendered were accepted for purchase by the Company, with settlement scheduled to occur on December 6, 2021.
Holders of the 2026 Notes that were tendered and accepted will receive the Total Consideration of $1,085.00 per $1,000 principal amount of 2026 Notes, including the Early Tender Premium of $30.00 per $1,000 principal amount of 2026 Notes, as further described in the Offer to Purchase.
Because the aggregate principal amount of the 2026 Notes that has been accepted for purchase is equal to the Maximum Tender Amount (as increased), in accordance with the priority of acceptance set forth in the Offer to Purchase: (1) no 2025 Notes or 2023 Notes have been or will be accepted in the Tender Offer and (2) no further 2026 Notes will be accepted in the Tender Offer. All 2025 Notes and 2023 Notes that were tendered will be promptly returned. Holders of the 2026 Notes can obtain details of the proration from the Depositary.
The Company has engaged BofA Securities, Inc. and Citigroup Global Markets, Inc., to act as the dealer managers for the Tender Offer. The Information Agent and Depositary for the Tender Offer is Global Bondholder Services Corporation. Copies of the Offer to Purchase and related offering materials are available by contacting the Information Agent at +1 (866) 470-3700 (toll-free), +1 (212) 430-3774 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Questions regarding the Tender Offer should be directed to BofA Securities, Inc. at +1 (980) 387-5602 (collect), +44 20-7996-5420, This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. and Citigroup Global Markets, Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect).
This press release is not an offer to purchase or a solicitation of an offer to sell any securities. The Tender Offer is being made solely pursuant to the terms of the Offer to Purchase. The Tender Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities or other laws of such jurisdiction.
Forward-Looking Statements
This release contains forward-looking statements, including regarding the expected timing and completion of the Tender Offer. The words “expect,” “believe,” “estimated,” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
United Kingdom
The communication of this press release and any other documents or materials relating to the Tender Offer is not being made and such documents and/or materials have not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 (“FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may be communicated to (1) those persons who are existing members or creditors of the Company or other persons within Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, and (2) to any other persons to whom these documents and/or materials may lawfully be communicated.
European Economic Area (EEA)
In any European Economic Area (EEA) Member State (the “Relevant State”), this press release is only addressed to and is only directed at qualified investors in that Relevant State within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017, as amended (the “Prospectus Regulation”). Each person in a Relevant State who receives any communication in respect of the Tender Offer contemplated in this press release will be deemed to have represented, warranted and agreed to and with each Dealer Manager and the Company that it is a qualified investor within the meaning of Article 2(e) of the Prospectus Regulation.
United States (for the 2023 Notes only)
Each Holder of 2023 Notes participating in the Tender Offer will represent that it is not participating in the Tender Offer from the United States (including its territories and possessions), that it is participating in the Tender Offer in accordance with Regulation S under the U.S. Securities Act of 1933, as amended and that it is not a U.S. person or it is acting on a non-discretionary basis for a principal located outside the United States (including its territories and possessions) that is not giving an offer to participate in the Tender Offer from the United States (including its territories and possessions) and who is not a U.S. person.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
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Mike Sommers and Heather Zichal speak with IHS Markit Vice Chairman Daniel Yergin for a new edition of CERAWeek Conversations – available at https://ondemand.ceraweek.com/cwc
WASHINGTON--(BUSINESS WIRE)--The heads of leading trade associations for both the oil and gas and renewable energy industries assess the significance of recent bipartisan infrastructure legislation, what it means for the future of their industries and for the energy position of the United States in the latest episode of CERAWeek Conversations.
In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Mike Sommers, president and CEO of the American Petroleum Institute (API) and Heather Zichal, CEO of the American Clean Power Association (ACP) take stock of the Infrastructure Investment and Jobs Act—the largest infusion of federal investment in the nation’s infrastructure in a generation.
The legislation shows that “at the end of the day, energy can truly be a bipartisan issue and a bipartisan initiative,” Zichal says.
For elected representatives from both parties, the opportunity to deliver long-desired projects to their constituents “really focused the mind for a number of members of Congress and senators to get something big done that will help their individual states,” Sommers adds.
Sommers and Zichal discuss the strong interplay between enhanced infrastructure and energy and what it means for their respective industries.
“One of the most important components of this bill is that there was recognition by passage that oil and gas are going to play a very significant role in the future, and we have to fund infrastructure that supports that oil and gas future that we know is going to be there,” Sommers says.
For Zichal, the investment in renewable energy transmission and the energy grid “to move those electrons around from the windiest and sunniest places in the country to the population centers” stands out.
“This bill represents the largest investment in American history in energy transmission and the grid,” she says.
Ensuring that energy will be able to get from where it is to where it needs to be is a vital, Sommers and Zichal note. Both say that improving the infrastructure permitting process—whether it be for oil and gas pipelines or transmission lines for wind and solar—will be key to meeting the country’s energy needs.
“We need to continue to invest in that infrastructure,” Sommers says. “But increasingly, every pipeline that we try to build or that we try to improve has become a political issue. I do think this is an area where ACP and API can come together to form an alliance because I suspect as you start building out high-powered transmission lines that it’s going to be a huge challenge to get that permitting process done.”
“It’s great that we all think we should triple the deployment of clean energy to meet our climate goals,” Zichal says. “But if we can’t get the permits to do that and we can’t get at a state, federal and regional level the green lights to make these investments, we’re going to hit grid saturation in some portions of the country.”
The complete video is available at: https://ondemand.ceraweek.com/cwc
Podcast version available: CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
Selected excerpts:
Interview Recorded Monday, November 29, 2021
(Edited slightly for brevity only)
Heather Zichal: “We have had a time-honored tradition of a conversation about a major investment in infrastructure. Overall, there’s this broad recognition that the U.S. is falling behind in terms of our infrastructure and our investment in our cities and states. It’s a testament to the Biden Administration and the leaders in congress that against the backdrop of so much partisanship they were able to come together and find legislation that was attractive to both Democrats and Republicans and get that legislation across the finish line.
“I am really excited about the provisions included for transmission in the grid. As we think about clean energy, transmission and the grid are really important and often overlooked.”
“Whether it’s grid cyber security, the transmission line pieces, the OCS opportunities – all of these things help remind us that, at the end of the day, energy can truly be a bipartisan issue and a bipartisan initiative.”
Mike Sommers: “I would sum it up in one word: Bridges. The reason why they were able to come together is a bipartisan focus on getting big things done in particular Senate states and particular House congressional districts. Some of these individual projects really focused the mind for a number of members of Congress and senators to get something big done that will help their individual states.”
“The challenge is going to be five years from now when they try to do this again. They’ve really done a lot of the bipartisan things that they thought that they could come to consensus on. The challenge is going to be how you continue to fund these infrastructure improvements without raising the gas tax or finding some other way to fund these kinds of priority programs.”
Heather Zichal: “We’re really excited that deployment of clean energy is happening across all 50 states and at higher levels than at any other point in time in American history. Unfortunately, we also recognize that there’s a potential for an Achilles’ heel if we do not have the clean energy transmission and energy grid to move those electrons around from the windiest and sunniest places of the country to the population centers. This bill represents the largest investment in American history in energy transmission and the grid. There are a handful of provisions that include citing provisions, transmission facilitation programs – a number of ideas that have been contemplated in Congress. The energy grid certainly has bipartisan support, but it’s often that one thing that’s forgotten about. It’s not just about how do you build the transmission line; it’s how do you go through the process to get that sited? How do you make sure the permitting process is working and how do you make sure that we get timely decisions? We’re trying to deploy clean energy as quickly as possible, so we need a set of policies around transmission that are going to allow us to continue to increase deployment of clean energy.”
Mike Sommers: “One of the most important components of this bill is that there was recognition by passage that oil and gas are going to play a very significant role in the future, and we have to fund infrastructure that supports that oil and gas future that we know is going to be there. This [bill] did put forward unprecedented funding towards carbon capture, utilization and storage technologies and other funding that is going to be important to continue to build out oil and gas infrastructure going forward. This bill allowed carbon sequestration derived from natural gas in the OCS and previously that was only allowed for coal. It also funded CCUS demonstration projects and infrastructure that we think are going to be very important as we continue to move towards a lower carbon future going forward. There’s also funding in this program for researching applications for hydrogen derived from natural gas and other feedstocks. This is a pretty exciting new investment in these kinds of things.”
Mike Sommers: “One of the concerns that we’ve had for decades is the ability to build pipelines to get energy from where it is to where it needs to be. Increasingly, we’ve had challenges in building out the pipelines in this country. There are already about 530,000 miles of pipelines in the United States. We need to continue to invest in that infrastructure. But increasingly, every pipeline that we try to build or that we try to improve has become a political issue. I do think this is an area where ACP and API can come together to form an alliance because I suspect as you start building out high-powered transmission lines…that it’s going to be a huge challenge to get that permitting process done. I often reflect on the fact that it took 44 months for the U.S. to win World War II from the moment we entered the war after Pearl Harbor to Victory in Japan Day. It’s really incredible that it takes us almost decades to get the permitting in place for some of these high-profile pipeline projects. I do think that’s going to be a challenge for clean power going forward. What we should be doing is really working together on how do you reform these processes so the American people have access to all forms of energy going forward.”
“Sometimes climate goals are actually contradicting climate goals. In the northeast they still get a lot of their energy to heat homes from heating oil. That wouldn’t be the case if we were able to build a pipeline that we can’t get a permit for to the northeast to ensure that they could have access to reliable natural gas. There’s a lot of contradictions right now in some of these permitting discussions when you actually can do something that would markedly improve the environment. But because activists have a certain view of what should be happening with our energy future, we’re not advancing some of those short-term steps. As we have been challenged over the course of the last decade in building out pipeline infrastructure, I think that is going to be the thing that stands in the way of more renewables coming online in the next decade.”
Heather Zichal: “As we are trying to build clean energy projects there are wildlife impacts that we as an industry are constantly trying to manage for. Offshore wind is an example of how government takes way too long to make decisions. I was working on offshore wind permitting in 2002 and we just now have our first federal permit.”
“When it comes to building a transmission line or a solar array, the permitting process is important in that you need to balance environmental versus commercial interests. It’s great that we all think we should triple the deployment of clean energy to meet our climate goals. But if we can’t get the permits to do that and we can’t get at a state, federal and regional level the green lights to make these investments, we’re going to hit grid saturation in some portions of the country.”
“I think about it through the lens of, we’ve got a ticking time bomb with climate. As an industry we want to be responsive to concerns about managing environmental protection. But at the same time, if it takes 10 years to build a transmission line to bring a bunch of clean energy on the grid in the Midwest, that’s not going to help us meet our challenges. There’s a lot of work to be done on how do we get to a place where it’s not impossible to invest in infrastructure and to have that certainty and predictability so that you can put that money into that project or know that you’re not going to have a stranded asset when you build a large solar array in the middle of Nevada.”
“There are some important decisions that can be made at the government level in looking at time-bound decision making; more transparency around the process so people understand what’s in the queue and we’re able to hold government accountable for making those timely decisions. And there are likely some provisions in and around NEPA (National Environmental Policy Act) that are worth a discussion. However, as somebody who is a very strong environmentalist, I care a lot about how we make those decisions and ensure that we are not creating loopholes for industry to drive a truck through.”
Mike Sommers: “The big challenge for the oil and gas industry right now is as prices have risen, how do you get workers to come back to work to work on oil and natural gas? If you asked API member companies, the challenges in getting folks to come back to work given vaccine mandates and some of the federal programs that have kept people at home and a trucker shortage that is massive within the industry are probably the biggest challenges that they’re facing right now.”
Heather Zichal: “We’re contemplating standing up offshore wind for the first time in the United States of America. What’s exciting to me is that there’s a lot of overlap between the oil and gas workers and offshore wind. We’re looking at ways to find transferable skills, but we’re also having a lot of conversations about what we need to do to build out the workforce. Wind technicians and solar installers are some of the fastest-growing jobs in the U.S. Continuing to recruit and find workers today for those jobs, but also think about what are the skill sets we’re going to need for those offshore wind projects, those hybrid energy storage projects down the road.”
Mike Sommers: “The president made that announcement that they were going to release about 50 million barrels of oil from the SPR. But let’s put that in context. The world currently consumes about 100 million barrels of oil every single day. It really is one half of one day of world demand for oil that they’ve put on the market. This really was just a band-aid, even in coordination with other countries. But one thing that we know is that long-term, oil and gas are still going to play a very significant role in our energy future. I do think we have to be realistic about what the energy future looks like. And that means we have to continue to invest in oil and gas. The U.S. is currently about two million barrels down from where it was pre-pandemic. It is our view that the U.S. continues to produce oil and gas in the most environmentally responsible way. We know that demand is still going to be there. The question is where are we going to get that oil and gas? We think it’s better to get it from the United States because we are subject to strict environmental laws and standards.”
Heather Zichal: “In the U.S. today our climate policies run through the tax code. It’s hard enough to build an industry when your certainty is in one and two-year increments based on whether or not the ITC and PTC extensions happen in congress. The Build Back Better [bill] is a game change in that it will provide a decade of certainty and predictability for clean energy companies, something we’ve never had before. It’s going to be very meaningful in terms of jobs creation, meeting climate targets and putting America back in the pole position. We’ve fallen behind other countries when it comes to the manufacturing and deployment of clean energy and America should clearly be number one.”
Watch the complete video at: https://ondemand.ceraweek.com/cwc
Recent CERAWeek Conversations segments also include:
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
The complete episode library is available at https://ondemand.ceraweek.com/cwc.
CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
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IHS Markit
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Income-qualified residential customers can receive $4,000 to lease or purchase an electric car.
ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison announced today that it is offering a $4,000 rebate to income-qualified customers who buy or lease pre-owned electric vehicles.
SCE has been offering a $1,000 rebate through its Pre-Owned EV Rebate program to residential customers who purchase or lease a used EV. But the electric company has now quadrupled the rebate amount for those who either live in a state-designated, income-qualified household or who are enrolled in certain state or federal income assistance programs.
“We want the benefits of clean transportation to be available to all our customers, including those who are buying pre-owned EVs,” said Carter Prescott, SCE director of Electrification. “And now we’re happy that we can provide additional help to customers who may need it.”
Rebates for new and used EVs have been available to SCE customers since 2017. Earlier this year, the utility extended its program for used EVs to lend a hand to more cost-conscious customers seeking to go electric. Federal and state government programs also offer rebates and other incentives to lower the cost of buying new electric cars.
The Pre-Owned EV Rebate program is available to first, second and third owners or lessors of pre-owned EVs. By overcoming one of the key barriers to EV ownership — affordability — the program aims to stimulate EV adoption, a key component in helping the state meet its critical climate and air quality goals.
“Many people, regardless of income, would rather buy pre-owned vehicles instead of new, and SCE’s pre-owned EV rebate may make the difference between those customers buying an EV rather than a car powered by fossil fuel,” Prescott said. “At SCE, we also strive to ensure that our programs help communities that are most impacted by harmful vehicle emissions.”
Applying for the rebate can be done online in a few minutes. SCE customers simply need to go to evrebates.sce.com and enter their SCE service account number and current vehicle registration card number. Up to three consecutive owners of a single EV are eligible for a rebate, and up to three EVs at each SCE customer address can receive rebates. Those applying for the higher rebate amount will be asked to provide information proving that they qualify.
Customers can also shop for used EVs online and compare the price of owning them to similar gas-powered cars at cars.sce.com. The site shows how EVs can save on fuel, maintenance and other costs. Charging an electric car at home is equal to paying less than $2 per gallon of gasoline.
The Pre-Owned Rebate is funded by the California Air Resources Board’s Low Carbon Fuel Standard Program, which helps combat climate change by encouraging the use of clean fuels, like electricity, in vehicles.
SCE is helping to accelerate EV adoption through its innovative Charge Ready charging infrastructure programs, which support the installation of electric car charging at workplaces, schools and public places and multifamily dwellings, as well as charging for fleet and industrial vehicles.
Paul Griffo, Southern California Edison 626-302-2255
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate virtually in the Capital One Securities 16th Annual Energy Conference on Monday December 6, 2021.
Any investor presentation provided during the virtual conference will be publicly available and may be accessed on the “For the Investor” page of Helix’s website, www.HelixESG.com.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Erik Staffeldt - Executive Vice President and CFO
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KENNESAW, Ga. & PASADENA, Calif.--(BUSINESS WIRE)--$ATHN #ArtificialIntelligence--Please replace the release with the following corrected version.
The updated release reads:
ATHENA TECHNOLOGY ACQUISITION CORP. AND HELIOGEN, INC., A LEADING PROVIDER OF AI-ENABLED CONCENTRATED SOLAR POWER, ANNOUNCE EFFECTIVENESS OF REGISTRATION STATEMENT AND THE DECEMBER 28, 2021 SPECIAL MEETING OF STOCKHOLDERS TO APPROVE BUSINESS COMBINATION
Athena Technology Acquisition Corp. (NYSE: ATHN) (“ATHN”), a publicly-traded special purpose acquisition company, announced today that ATHN’s registration statement on Form S-4 was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on December 2, 2021. ATHN’s definitive proxy statement (“Proxy Statement”) relating to the previously announced business combination with Heliogen, Inc. (“Heliogen”), a leading provider of AI-enabled concentrated solar power, will be filed with the SEC on December 3, 2021.
ATHN will mail the Proxy Statement to stockholders of record as of the close of business on November 23, 2021. The Proxy Statement contains a notice and voting instruction form or a proxy card, relating to the special meeting of the ATHN stockholders (the “Special Meeting”).
The Special Meeting to approve the pending business combination is scheduled to be held on December 28, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually, and can be accessed via live webcast at http://www.cstproxy.com/athenatechnology/2021. If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close and trading of the combined entity will commence on the NYSE under the new ticket symbol “HLGN” shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.
Every stockholder’s vote is important, regardless of the number of shares held. Accordingly, ATHN requests that each stockholder complete, sign, date and return a proxy card (online or by mail) as soon as possible and by no later than 11:59 p.m. Eastern Time on December 27, 2021, to ensure that the stockholder’s shares will be represented at the Special Meeting. Stockholders which hold shares in “street name” (i.e. those stockholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are voted.
If any individual ATHN stockholder does not receive the Proxy Statement, such stockholder should (i) confirm his or her Proxy Statement’s status with his or her broker or (ii) contact Morrow Sodali LLC, ATHN’s proxy solicitor, for assistance via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200. Banks and brokers can place a collect call to Morrow Sodali at (203) 658-9400.
ATHN expects to provide stockholders with additional information on how stockholders may vote their shares on its website in the coming days, and ATHN expects to publish a subsequent press release once the website is live.
Cautionary Note Regarding Forward-Looking Statements
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Additional Information and Where to Find It
In connection with the proposed business combination, Athena Technology Acquisition Corp. (“Athena”) has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that has been declared effective by the SEC, which includes a prospectus of Athena with respect to the securities to be issued in connection with the business combination with Heliogen, Inc. (“Heliogen”) and a definitive proxy statement of Athena with respect to the Special Meeting. The combined proxy statement/prospectus relating to the proposed business combination will be mailed to Athena’s stockholders on or about December 6, 2021. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. The proposed business combination and related transactions will be submitted to stockholders of Athena for their consideration. Athena’s stockholders and other interested persons are advised to read the definitive proxy statement/prospectus and other documents filed in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve, among other things, the proposed business combination and related transactions, because these materials contain important information about Heliogen, Athena and the proposed business combination and related transactions. The definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Athena as of November 23, 2021. Stockholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed with the SEC by Athena, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Phyllis Newhouse, President and Chief Executive Officer, Athena Technology Acquisition Corp., 125 Townpark Drive, Suite 300, Kennesaw, GA 30144, or by telephone at (970) 924-0446.
Participants in the Solicitation
Athena, Heliogen and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Athena’s stockholders in respect of the proposed business combination and related transactions. Information regarding Athena’s directors and executive officers is available in its Registration Statement on Form S-1 and the prospectus included therein filed with the SEC on March 3, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the definitive proxy statement/prospectus related to the proposed business combination and related transactions, and which can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Athena Technology Acquisition Corp.
Athena Technology Acquisition Corp. is an entirely women-led special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the technology, direct-to-consumer and fintech industries.
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.
Athena Technology Acquisition Corp. Contacts
For Media:
Berns Communications Group
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Heliogen Contacts
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Caldwell Bailey
ICR, Inc.
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LONDON--(BUSINESS WIRE)--British Airways will become the first airline in the world to use sustainable aviation fuel produced in the UK after signing a multi-year agreement with Phillips 66 Limited.
The SAF will be produced at scale for the first time in the UK at the Phillips 66 Humber Refinery near Immingham and will be supplied to British Airways to power a number of its flights from early 2022.
The supply agreement between British Airways and Phillips 66 Limited, a wholly owned subsidiary of diversified energy manufacturing and logistics company Phillips 66, advances both companies’ commitments to a lower-carbon future. The airline, which is driving to achieve net zero carbon emissions by 2050, will purchase enough sustainable fuel to reduce lifecycle CO2 emissions by almost 100,000 tonnes, the equivalent of powering 700 net zero CO2 emissions flights between London and New York on its fuel-efficient Boeing 787 aircraft.
The SAF will be produced from sustainable waste feedstock at the Humber Refinery, which will deliver its SAF supply to British Airways via existing pipeline infrastructure that feeds directly into UK airports.
Sean Doyle, British Airways’ Chairman and Chief Executive, said:
“This agreement marks another important step on our journey to net zero carbon emissions and forms part of our commitment, as part of International Airlines Group, to power 10% of flights with SAF by 2030.
“The UK has the resources and capabilities to be a global leader in the development of SAF and scaling up the production of SAF requires a truly collaborative approach between industry and government.
“We are excited to develop our relationship with Phillips 66 Limited further with a view to growing production capacity and using a wider range of sustainable waste feedstocks to supply our future flights. The development of sustainable aviation fuel is a major focus for us and forms part of our commitment to achieving net zero carbon emissions by 2050 through a series of short-, medium- and long-term initiatives.”
The airline’s parent company, International Airlines Group (IAG), is investing $400 million over the next 20 years into the development of SAF and British Airways has existing partnerships with a number of technology and fuel companies to develop SAF plants and purchase the fuel. SAF can reduce lifecycle carbon emissions by over 80% compared to the traditional jet fuel it replaces.
Humber Refinery General Manager Darren Cunningham, the Lead Executive for Phillips 66 in the UK, said the announcement reflects the importance the aviation and energy industries are placing on sustainability and the continued development, adoption and scaling up of sustainable aviation fuel.
“The Humber Refinery was the first in the UK to co-process waste oils to produce renewable fuels and now we will be the first to produce SAF at scale, and we are delighted British Airways is our first UK customer,” Cunningham said. “We’re currently refining almost half a million litres of sustainable waste feedstocks a day, and this is just a start. Markets for lower-carbon products are growing, and this agreement demonstrates our ability to supply them.”
Last year Phillips 66 Limited invested significantly to expand its production of fuels from waste feedstocks. The investment is part of a broader energy transition plan to reduce the carbon intensity of its refinery operations and products that support 1,000 Humber Refinery jobs.
“This agreement with British Airways aligns with our strategy to create a refinery of the future, where we’re producing fuels from waste, being a critical part of the electric vehicle supply chain, reducing the carbon intensity of our processes through carbon capture and using hydrogen to power the refinery,” Cunningham said. “It secures long-term business in an ever-changing world.”
Phillips 66 and British Airways support government plans for a future SAF mandate and a business model for investing in advanced waste to jet fuel projects through participation in the Department for Transport’s Jet Zero Council Delivery Group, of which British Airways and Phillips 66 Limited are members.
ENDS
Notes to Editors
SAF is a lower carbon-intensity fuel that can be produced from renewable feedstocks such as waste vegetable oils, fats and greases. It is a drop-in fuel when either blended with traditional jet fuel or co-processed alongside traditional refinery feedstocks, meaning it can be used in existing aircraft engines and airport fuel infrastructure, reducing lifecycle carbon emissions by more than 80% compared with traditional fossil fuels.
About British Airways
International Airlines Group was the first airline group in the world to commit to achieving net zero carbon emissions by 2050.
The airline is committed to achieving net zero carbon emissions through a series of short-, medium- and long-term initiatives. In the short-term this includes improving operational efficiency, introducing new fuel efficient aircraft, funding carbon offset and removal projects to mitigate emissions on UK domestic flights and progressively introducing sustainable aviation fuels using waste feedstocks, while in the medium to longer term the includes continuing to invest in the development and scale up of sustainable aviation fuel and looking at accelerating the growth of new technologies such as zero emissions hydrogen-powered aircraft and carbon capture technology.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Headquartered in Houston, the company has 14,100 employees committed to safety and operating excellence. Phillips 66 had $56 billion of assets as of Sept. 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co and @Phillips66UK.
The Phillips 66 Humber Refinery in North Lincolnshire is considered one of the most sophisticated and energy efficient in the country. It is a leader in the production of specialty coke, a key component for electric vehicle batteries, and participates in the Gigastack long-term project to generate green hydrogen. The refinery also is a participant in the Humber Zero project, which combines carbon capture and storage technology with hydrogen production. Visit www.Phillips66.co.uk.
British Airways
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Phillips 66
Jeff Dietert, 832-765-2297 (investors)
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HAMILTON, Bermuda--(BUSINESS WIRE)--ST Energy Transition I Ltd. (the “Company”) announced today the pricing of 25,000,000 Stakeholder Aligned Initial Listing, or SAILSM security, at a price of $10.00 per SAILSM security. The SAILSM securities will be listed on the New York Stock Exchange and trade under the ticker symbol “STET.U” beginning December 3, 2021.
The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination with a target in any industry or geographic location, it intends to focus its search on opportunities that contribute in positive ways towards energy transition and clean energy technology.
The Company’s board is led by John Fredriksen, chairperson, and includes independent directors Ole-Eirik Lerøy, Cato Stonex, James O’Shaughnessy, Tore Myrholt and Annika Sigfrid. Gunnar Eliassen is the Chief Executive Officer of the Company and Jan Erik Klepsland is the Chief Financial Officer of the Company.
Each SAILSM security consists of one Class A share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A share at a price of $11.50 per share. Once the securities constituting the SAILSM securities begin separate trading, the Class A shares and warrants will be listed on the New York Stock Exchange under the symbols “STET” and “STETWS,” respectively.
Morgan Stanley is acting as sole bookrunning manager and joint lead manager and DNB Markets is acting as joint lead manager in the offering. The Company has granted the underwriters a 45-day option to purchase up to 3,750,000 additional SAILSM securities at the initial public offering price to cover over-allotments, if any.
The initial public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained for free from the U.S. Securities and Exchange Commission website (http://www.sec.gov), and Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, New York, New York 10014 or by e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it..
A registration statement relating to the securities sold in the initial public offering has been declared effective by the U.S. Securities and Exchange Commission on December [2], 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary note regarding forward-looking statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media contact:
Gunnar Eliassen
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Tel: +1 (441) 295-6935
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors on December 8, 2021 at the Wells Fargo Midstream, Utility & Renewables Symposium.
A presentation has been posted in the “Investors” section of the Hess Midstream website at www.hessmidstream.com.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor Contact:
Jennifer Gordon
(212) 536-8244
Media Contact:
Robert Young
(713) 496-6076
LOS ANGELES--(BUSINESS WIRE)--Faraday Future ("Faraday Future" or “the Company”) (Nasdaq: FFIE), today announced that the Company will release a business update after market close on Tuesday, December 7, 2021, and host a conference call at 4:00 p.m. (Eastern Time) on the same day.
Interested investors and other parties can listen to a webcast of the conference call by logging onto the Investor Relations section of the Company's website at https://investors.ff.com/ .
The conference call can be accessed live over the phone by dialing +1-877-451-6152 (domestic) or +1-201-389-0879 (international). A replay will be available approximately two hours after the call by dialing +1-844-512-2921, or for international callers, +1-412-317-6671. The pin for the replay is 13725483. The replay will be available until 11:59 p.m. Eastern Time on December 21, 2021.
About Faraday Future
Established in May 2014, Faraday Future is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, Faraday Future has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, Faraday Future was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. The “I” in FFIE stands for Intelligent and Internet and the “E” stands for Ecosystem and Electric. FF is not just an EV company, but also an internet and technology company, an AI product company, a software company, and a user ecosystem company. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the ultimate intelligent techluxury brand positioning, Faraday Future’s first flagship product FF 91 Futurist is equipped with exceptional product power. It is not just a high-performance EV, an all-ability car, and an ultimate robotic vehicle, but also the third internet living space.
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For Faraday Future:
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ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE:AGR) announced that on December 1, 2021 its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable January 3, 2022 to shareholders of record at the close of business on December 13, 2021.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Investor Contact:
Patricia Cosgel
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203.499.2624
We are taking positive action to achieve our ambitious carbon-reduction targets, which have been approved by the Science Based Targets initiative
LONDON--(BUSINESS WIRE)--Ricardo, a world-class environmental, engineering and strategic-consulting company, is pleased to announce that our proposed greenhouse gas emissions reduction targets have been approved by the Science Based Targets initiative (SBTi) and that they are in line with the goals set forth in the 2015 Paris Agreement.
The Science Based Targets initiative (SBTi) is a collaboration between the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
We now join a growing group of global businesses that have received approval of their targets, ensuring that greenhouse gas emissions from Ricardo’s operations (scopes 1 and 2)1 are consistent with the reductions required to limit global warming to 1.5ºC, the most ambitious goal of the Paris Agreement.
“Ricardo has an important responsibility to reduce its carbon emissions throughout its value chain,” said Graham Ritchie, CEO of Ricardo plc. “As a global environmental and engineering consulting partner to governments and private sector clients, we are committed to integrating our climate change expertise into our corporate strategy and have set out ambitious greenhouse gas reduction targets, which includes working closely with our supply chain to tackle our scope 3 emissions”. What is more, the SBTi approval is a firm endorsement to our clients of our commitment and know-how in applying those same insights to support them in delivering their net zero strategies.”
"We congratulate Ricardo for setting science-based targets consistent with limiting warming to 1.5°C, the most ambitious goal of the Paris Agreement", said Sonya Bhonsle, Global Head of Value Chains & Regional Director of Corporations at CDP, one of the Science Based Targets initiative partners. "By aligning its goals with a 1.5°C future, Ricardo will be better placed to thrive as the global economy transitions to a zero emissions future."
The targets, as approved by the Science Based Targets initiative, are:
At Ricardo, we continue to accelerate our improvements to our sustainability agenda and remain firmly on target with our net zero strategy.
-ENDS-
About Ricardo
Ricardo plc is a world-class environmental, engineering and strategic consulting company listed on the London Stock Exchange. With over 100 years of engineering excellence, we provide exceptional levels of expertise in delivering leading edge and innovative cross-sector sustainable products and solutions, helping our global customers increase efficiencies, achieve growth, and create a clear and safer future. Our mission is clear –- to create a world fit for the future. For more information visit www.ricardo.com
1 “The GHG Protocol Corporate Standard classifies a company’s GHG [greenhouse gas] emissions into three ‘scopes’: Scope 1 emissions: direct emissions from owned or controlled sources; Scope 2 emissions: indirect emissions from the generation of purchased energy; Scope 3 emissions: all indirect emissions (not included in Scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions.” UN Global Compact Network UK. https://www.unglobalcompact.org.uk/scope-3-emissions/
Media contacts:
Ricardo Group enquiries
Natasha Perfect
Group Marketing and Communications Director
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Ricardo media enquiries
Gill Gibbons
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Telephone: +44 (0) 7795 342804
Energy Transfer now has more than 114,000 miles of pipeline across the U.S.
Combined operations expected to generate annual cost efficiencies of more than $100 million
Accretive acquisition furthers Energy Transfer’s deleveraging efforts
DALLAS & OKLAHOMA CITY--(BUSINESS WIRE)--Dallas-based Energy Transfer LP (NYSE: ET) and Oklahoma City-based Enable Midstream Partners, LP (NYSE: ENBL) today announced the completion of their previously announced merger. The terms of agreement were approved earlier this year by Enable’s two largest unitholders, CenterPoint Energy, Inc. (CNP) and OGE Energy Corp. (OGE), which together owned approximately 79% of Enable’s outstanding common units. Effective with the opening of the market on December 3, 2021, Enable’s common units will discontinue trading on the NYSE as a result of the acquisition.
Energy Transfer now owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states, further solidifying its leadership position in the midstream sector. The completion of the transaction is immediately accretive to Energy Transfer and furthers Energy Transfer’s deleveraging efforts. It also adds significant fee-based cash flows from fixed-fee contracts. Additionally, the combined operations of the two companies is expected to generate annual run-rate cost and efficiency synergies of more than $100 million, excluding potential financial and commercial synergies.
The acquisition significantly strengthens Energy Transfer’s midstream and gas transportation systems by adding Enable’s natural gas gathering and processing assets in the Anadarko Basin in Oklahoma, along with intrastate and interstate pipelines in Oklahoma and surrounding states. It also boosts Energy Transfer’s gas gathering and processing assets in the Arkoma basin across Oklahoma and Arkansas, as well as in the Haynesville Shale in East Texas and North Louisiana.
Enable common unitholders received 0.8595 ET common units for each Enable common unit. Additionally, each outstanding Enable Series A preferred unit was exchanged for 0.0265 Series G preferred units of Energy Transfer. The transaction also included a $10 million cash payment for Enable’s general partner.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC).
Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity.
Forward-Looking Statements
This release includes “forward-looking” statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements using words such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,” “continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions help identify forward-looking statements. Energy Transfer and Enable cannot give any assurance that expectations and projections about future events will prove to be correct. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions. These risks and uncertainties include the risks that the benefits contemplated from the transaction may not be realized. Additional risks include: the ability of Energy Transfer to successfully integrate Enable’s operations and employees and realize anticipated synergies and cost savings, the potential impact of the consummation of the transaction on relationships, including with employees, suppliers, customers, competitors and credit rating agencies, the ability to achieve revenue, DCF and EBITDA growth, and volatility in the price of oil, natural gas, and natural gas liquids. Actual results and outcomes may differ materially from those expressed in such forward-looking statements. These and other risks and uncertainties are discussed in more detail in filings made by Energy Transfer and Enable with the SEC, which are available to the public. In addition to the risks and uncertainties previously disclosed, the partnerships have also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The partnerships have also been, and may in the future be, impacted by the winter storm in February 2021 and the resolution of related contingencies, including credit losses, disputed purchases and sales, litigation and/or potential legislative action. Energy Transfer and Enable undertake no obligation to update publicly or to revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The information contained in this press release is available on our website at www.energytransfer.com.
Media Relations:
Lauren Atchley or Vicki Granado, 214.840.5820
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Investor Relations:
Bill Baerg, Brent Ratliff, Lyndsay Hannah, 214.981.0795
HOLZMINDEN, Germany--(BUSINESS WIRE)--GreenTech in the boiler room is boosting the economy in the German SME sector: Stiebel Eltron, the manufacturer of climate-friendly heating technology, has significantly increased its turnover in recent years to 700 million euros. Last year alone, sales surged 18 percent compared to the previous year (2019-2020). In the current financial year, this mark will once again be exceeded. The most important driver is the business with environmentally friendly heat pump systems "Made in Germany".
"In the last five years, our turnover from the sale of heat pumps has more than tripled," says Nicholas Matten, one of StiebeI Eltron's two managing directors. "By 2026, we aim to double the production capacities at our headquarters in Holzminden, Lower Saxony. To that end, we will invest around 120 million euros in our heat pump production.”
400 new greentech jobs
The economic success with greentech also has a positive impact on employment: 400 new jobs are to be created in Holzminden by 2026 and qualification programs will be expanded: "The environmentally friendly technology offers excellent career opportunities for the entire heating industry in Germany," says Human Resources Manager Christiane Schäfer. "Our heat pump systems help to fight climate change so that we create jobs for a market of the future."
550,000 new heat pumps per year
The forecasts are extremely positive: in order to achieve the climate targets, Germany must quickly push ahead and install at least 500,000 new alternative heating systems every year - according to the calculation of experts. German consumers can take advantage of generous subsidies for switching from old oil and gas heating systems to heat pump systems.
Lower electricity prices needed
"Policymakers must relieve the price of electricity from state levies," says Nicholas Matten. "In France or the UK, for example, electricity costs a third less compared to Germany. The decision in the coalition agreement of the new government to abolish the ‘EEG levy’ from January 2023 is the right approach to unleash the full potential of greentech."
About Stiebel Eltron
Stiebel Eltron is one of the world’s market leading suppliers of technology products for building services and green tech: STIEBEL ELTRON Group (stiebel-eltron.com)
econNEWSnetwork
Carsten Heer
Tel. +49 (0) 40 822 44 284
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