DUBLIN--(BUSINESS WIRE)--The "Future Unicorns in Sustainable Technology" report has been added to ResearchAndMarkets.com's offering.

This report analyzes the top 30 Sustainable Technology startups that have the potential to become unicorns - valuation more than US$1bn

The report is based on a proprietary machine learning (ML) algorithm which analyzes millions of data points related to venture capital (VC) investment activity for startups and can predict future unicorns.

Given the push by governments, regulators, investors and stakeholders towards sustainability, startups are in a rush to build capabilities and advanced tech driven solutions ranging from electric mobility, energy storage, biodiversity, renewable energy, emissions monitoring & reduction to circular economy.

Startups in Sustainable technology across the sectors are riding the strong tailwinds of investor focus on sustainable investing. A whole raft of innovative IoT startups with cutting-edge expertise spanning sectors are predicted to become tomorrow's unicorns

The report highlights potential unicorns in the Sustainable Technology market ecosystem and covers insights on VC investments, stage of startups, sustainable technology regional investment activity, job analytics, company filing trends, and patenting activity. Comprehensive view on innovative sustainable technology startups with cutting-edge expertise spanning across sectors are predicted to become tomorrow's unicorns.

Scope

• Based on the analyst's proprietary ranking of 10,000 top startups, 40 IoT startups globally are shortlisted, of which 25 IoT startups are predicted to become future unicorns based on the analyst's proprietary Machine Learning Model.
• The 10,000 top startups are spread over 70 countries with the US accounting for half of them, followed by China. Critical sectors in the startup universe include TMT (55%), Pharmaceuticals and Healthcare (11%), Financial Services (7%), and Retailing (4%), followed by other sectors.
• Predicting Future IoT Unicorns by combining Startup Scorecard and Machine Learning model using 3 broad Patenting, Hiring and Investments trends in IoT Startups over the years. Unicorn Prediction came out to be true in recent years.

Reasons to Buy

• The analyst's Potential Unicorns list offers early predictive intelligence and enables to spot tomorrow's winners today.
• The model identifies venture funded companies which have the potential to become unicorns (a valuation of at least $1 billion) driven by the analyst's proprietary machine learning algorithm which decodes millions of interactions between key deal attributes.

Key Topics Covered:

1 IoT Landscape

1.1 Key Markets

1.2 Value Chain Analysis

1.3 Tech Innovation Intensity Model

1.4 VC investment trends

1.5 IoT investment by stage of startups

1.6 IoT regional investment activity

1.7 IoT Patent Trends

1.8 IoT Hiring Trends

1.9 IoT Company Filing Analysis

1.10 Trending on Social Media

2 IoT Startups Predicted to be Unicorns

3 Methodology

Companies Mentioned

• Terramera Inc.
• VanMoof BV
• Genomatica Inc.
• Einride AB
• D`ishangtie Car Rental (Shenzhen) Co Ltd.
• Enevate Corp
• Ioxus Inc
• ClimaCell Inc
• Superpedestrian Inc
• TerViva
• FreeWire Technologies Inc
• Sono Motors GmbH
• Newlight Technologies LLC
• Malta Inc
• Agilyx Corporation
• Skeleton Technologies Gmbh
• Advanced Manufacturing Control Systems Ltd.
• DroneSeed Inc
• LevelTen Energy Inc
• Omnidian Inc
• Temperpack Technologies Inc
• BreezoMeter Ltd
• Shenzhen Recycling Technology Co Ltd
• PosiGen LLC
• TWAICE Technologies GmbH
• Cowboy SA
• Organica Water Inc.
• Tipa Corp. Ltd
• Tortuga Agricultural Technologies Inc
• Clir Renewables Inc
• Natel Energy Inc

For more information about this report visit https://www.researchandmarkets.com/r/c2hfki

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gains for the calendar year 2021. These estimates were prepared using capital gain amounts as of October 31, 2021. The estimates are being provided for informational purposes only and may not include all required tax adjustments. Please keep in mind that the following amounts are estimates and subject to change. The final amounts will be reported to you on Form 1099-DIV, which will be mailed in early 2022.

Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

About Ecofin

Ecofin is a sustainable investment firm dedicated to uniting ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors’ impact on society. We are socially-minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact. Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy, water, education, healthcare and sustainable communities. Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively "Ecofin"). To learn more, please visit www.ecofininvest.com.

Before investing in the fund, investors should consider their investment goals, time horizons and risk tolerance. The fund's investment objective, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus (click here) contain this and other important information about the fund. Copies of the fund's prospectus may be obtained by calling 855-TCA-FUND. Read it carefully before investing.

Investing involves risks. Principal loss is possible. The fund is suitable only for investors who can bear the risks associated with the limited liquidity of the fund and should be viewed as a long-term investment.

TCA Advisors is the adviser to the fund and Ecofin Advisors, LLC is the sub-adviser.

Quasar Distributors, LLC, distributor

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and TCA Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and TCA Advisors do not assume a duty to update this forward-looking statement.

Maggie Zastrow, (913) 981-1020
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NORMAN, Okla.--(BUSINESS WIRE)--#energysoftware--PCI e-Tag+ is the first e-tagging solution to offer out-of-the-box implementation, unrestricted downstream data access, a modern user interface, and automated Straight-Through-Scheduling workflows.

If you create NERC e-Tags to record the transmission of power across various regions in North America, odds are the software you’re using to do it is dated. PCI (Power Costs, Inc.), the industry leading provider of software solutions for market participants and bilateral trading entities, has reimagined e-Tagging workflows by recently going live with its new e-Tag+ solution, designed from the ground up for today’s users who’ve been searching for a hyper-intuitive user interface and aren’t willing to sacrifice reliability, speed, and data access.

• e-Tag+ can be quickly deployed “out of the box” from the cloud with minimal configuration to reduce costs.
• e-Tag+ gives you the ability to manage complex power scheduling workflows with highly reliable and advanced automations.
• As a stand-alone application, e-Tag+ integrates seamlessly with in-house or third-party systems via API endpoints, so it “plays nicely” with other solutions.
• PCI guarantees unrestricted data access for reporting and downstream settlements use, so customers don’t have to pay again when they need to access their e-Tagging data for other purposes.

What users notice first about e-Tag+ is the intuitive, and highly configurable user interface. e-Tag+ screens and dashboards are paired with the workflows that each user requires and there’s even a dark mode option tailored for control room personnel.

Because it’s a PCI product, great care and attention have been taken to build in powerful, automated workflows that increase the speed and accuracy of trading and operations staff. Process views and alerts can be personalized, while screens update seamlessly, and mistakes are prevented with data entry validation.

Multiple organizations are already leveraging e-Tag+ for their unique tagging and scheduling requirements. “PCI’s e-Tag+ client go-lives represent a major shift for our customers on their path to sunsetting legacy applications and embracing far more modern solutions as part of their digitalization initiatives. Dozens of other utilities and energy trading companies are set to follow suit in the coming months,” said PCI Vice President Shailesh Mishra.

You can learn more about e-Tag+ during PCI’s upcoming webinar, "PCI Innovates e-Tagging Functionality & Automation with its e-Tag+ Solution," which will take place at 1 p.m. CST on Feb. 24, 2022. Click here to register for the webinar.

About Power Costs, Inc. (PCI)

PCI is the leading provider of energy trading software, superior customer support, and value-added services for energy companies worldwide. Founded in 1992, PCI continues to refine and develop new solutions that meet the ever-evolving needs of its clients, including investor-owned, municipal, and cooperative utilities, renewable energy companies, energy marketers and traders, and independent power producers. PCI optimizes more than half the power generated in North America, and more than 70% of Fortune 500 Utilities in the U.S. are PCI customers. The firm is privately held and based in Norman (OK), with regional offices in Houston (TX), Raleigh (NC), and Mexico City, and Sydney (AUS). To learn more, please visit powercosts.com.

David Christopher
Power Costs, Inc. (PCI)
405 701-7378
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RED DEER, Alberta--(BUSINESS WIRE)--Lee Specialties, Inc. (“Lee”) and Nexus Energy Technologies, Inc. (“Nexus”) today announced that the companies have merged. The combined company, NXL Technologies, Inc. (“NXL”), will create the leading global wireline and coiled tubing pressure control equipment manufacturer, providing sales, rental, service and repair of proprietary blowout preventers, remote well connection devices, accumulators, lubricators, electric-powered wireline skids and ancillary equipment to the energy sector.

“This is the perfect deal at the right time. We could not be more excited to bring together the Nexus and Lee teams to develop a broader global reach, enhance innovation and realize significant growth synergies between the two companies. We’re stronger together and will provide better service to our customers as we bring forth the strengths, diversity, knowledge, and abilities of both organizations. The value this combination also brings to our employees, shareholders, suppliers and the communities in which we operate is immense,” said Ryan Smith, President of Nexus.

“Nexus’ market leading coiled tubing pressure control equipment offering is a great complement to Lee’s wireline pressure control equipment suite. They have an incredible brand and reputation and together we will bring the best new technologies and expand aggressively in international markets to better service our customers,“ stated Chris Oddy, President of Lee.

The combination enables an increased and well-balanced international presence, bringing service locations to markets and customers that need it. NXL will have approximately 125,000 sq.ft. of state-of-the-art manufacturing space in addition to sales, rental, service and repair locations in (i) Houston, Midland and Williston in the United States, (ii) Al Khobar, Saudi Arabia and Ras Al Khaimah, UAE in the Middle East, and (iii) Grande Prairie and Red Deer in Canada. Key distribution relationships in South America, Europe and Asia have also contributed to distribution of NXL’s equipment to more than 50 countries across the world.

Voyager Interests (“Voyager”) invested in Lee in July 2021. David Watson, Managing Partner of Voyager and Chairman of NXL, said, “Nexus and Lee already produce the sector’s most advanced technology, with the Nexus Trident Shear Blades and the Lee Posi Lock as examples. Voyager is thrilled to be a part of this exciting platform going forward, which will include the advancement of automated electric-powered wireline skids that will be on the forefront of customer ESG initiatives in the completion and intervention space. We have many exciting plans.”

ABOUT LEE

Founded in 1995, Lee is a globally recognized manufacturer of wireline pressure control equipment. The company produces proprietary, highly-engineered blowout preventers and other equipment critical for safe and effective well completion and intervention operations through the lifecycle of the well. Learn more online at www.leespecialties.com.

ABOUT NEXUS

Founded in 2006, Nexus is the leading manufacturer of coiled tubing pressure control equipment in North America, with significant share in the Middle East and other international markets. Learn more online at www.nexusenergytech.com.

ABOUT VOYAGER

Voyager, based in Houston, Texas, is a specialized private equity firm that is committed to investment in lower middle market energy services and equipment companies. Voyager’s limited partner base is comprised primarily of experienced energy executives and entrepreneurs, not endowments and institutional money management firms like many private equity firms. The firm’s industry focus and source of capital provide significant flexibility in structuring a transaction. Learn more online at www.voyagerinterests.com.

Media Contact:
David Watson
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Pexco LLC Continues Expansion Initiatives with Acquisition of Performance Elastomers Corporation

JOHNS CREEK, Ga.--(BUSINESS WIRE)--Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Performance Elastomers Corporation (PEC). Based in Ravenna, Ohio, near Akron, Performance Elastomers specializes in manufacturing dense and sponge elastomer products, including both rubber-based and thermoplastic elastomers (“TPEs”), used in recreational vehicle, automotive aftermarket, marine and heavy equipment applications.

Established in 1992, PEC began with a single extruder in a 10,000 square foot building. Today, PEC operates 15 extruders in facilities spanning over 100,000 square feet, providing a wide array of secondary and fabrication services as well as in-house tool and die capabilities.

Pexco CEO Sam Patel stated, “We are delighted to welcome Performance Elastomers to the Pexco family of companies. Performance Elastomers’ competencies provide an excellent fit with Pexco’s long-term commitment to strategic growth through the delivery of superior product and process innovation. Through this acquisition, Pexco looks forward to expanding the silicone and thermoplastic elastomer products and broadening its capabilities to include other high performance polymer solutions to deliver even greater value to our customers in the mobility, recreational vehicle and truck aftermarkets as well as expand into applications within other industries where these types of specialized products are required.”

Owners Art Bowen and Dave Spears stated, “We are extremely pleased to join forces with Pexco LLC, whose scale, reputation, and expertise will now provide an even broader array of services and solutions to our customers. Our new alliance will only reinforce our deep commitment to quality, service, and the ongoing development of unique product applications across the many market segments we currently serve.”

Since 2009, Pexco has executed on multiple acquisitions as it has grown into the largest industrial custom plastics extrusion company in North America.

Pexco was acquired in 2018 by AEA Investors, the global private equity group. The purchase of PEC represents Pexco’s ninth acquisition under its new ownership. Patel stated that “We remain committed to the ongoing, strategic expansion of our capabilities, including the pursuit of key acquisitions that fit our core objectives as North America’s premier provider of custom plastics solutions.”

About Pexco LLC

Based in Atlanta with multiple plants across the United States and Mexico, Pexco is a North American leader in the design and fabrication of custom extruded and injection molded plastics products. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations. For more information, visit www.pexco.com or contact 770-777-8540.

About Performance Elastomers Corporation

Performance Elastomers Corporation is a custom provider of rubber, silicone, and thermoplastic elastomer products, offering an extensive array of secondary processes as well as in-house tool and die capabilities. The company is well known for their decades of providing uncompromising quality and exceptional solutions to a wide range of markets, featuring applications for industrial, architectural, and recreational use.

About AEA Investors LP

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 100 investment professionals operate globally with offices in New York, Connecticut, San Francisco, London, Munich and Shanghai. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments. The AEA Small Business Funds is a strategy within AEA that currently manages $1.9 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.

Pexco LLC
www.pexco.com
Scott Mattice
Business Development/M&A Manager
770-777-8549

VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (“EverGen'' or the “Company”) (TSXV:EVGN) announces the appointment of Natasha Monk as Interim Chief Financial Officer.

Natasha Monk, who has worked with EverGen since its inception, is a Chartered Professional Accountant with 12 years of accounting, financial reporting and tax experience in both public practice and industry. She is currently a Partner with Affirm LLP where she advises and consults to a wide variety of companies in multiple industries across both public and private sectors. Prior to joining EverGen, Natasha obtained her Chartered Accountant designation at KPMG and then went on to pursue CPA’s In Depth Tax and STEP programs. She completed a Bachelor of Commerce (Accounting) degree at the University of Calgary.

Effective December 1, 2021, Natasha assumes responsibilities from Jennifer Schilling. Jennifer is transitioning to the role of EverGen’s Director of Business Services to lead the integration of existing businesses & future projects across EverGen’s portfolio.

About EverGen Infrastructure Corp.

EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

EverGen Investors
Kelly Castledine
416-576-8158
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EverGen Media
Katie Reiach
604.614.5283
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BOCA RATON, Fla.--(BUSINESS WIRE)--East Resources Acquisition Company (NASDAQ: ERES) (the “Company”) today announced that, on November 30, 2021, it received a notice (the “Notice”) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) (the “Rule”) because the Company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 (the “Form 10-Q”) with the Securities and Exchange Commission (“SEC”). The Notice has no immediate effect on the listing or trading of the Company’s securities on the NASDAQ.

As previously disclosed in the Form 12b-25 filed on November 16, 2021 by the Company in light of recent guidance, the management of the Company has re-evaluated its application of ASC 480-10-S99-3A to its accounting classification of the redeemable shares of Class A common stock, par value $0.0001 per share (the “Public Shares”), issued as part of the units sold in the Company’s initial public offering on July 27, 2020. Historically, a portion of the Public Shares was classified as permanent equity to maintain net tangible assets greater than $5,000,000 on the basis that the Company will consummate its initial business combination only if the Company has net tangible assets of at least $5,000,001. Pursuant to such re-evaluation, the Company’s management has determined that the Public Shares include certain provisions that require classification of the Public Shares as temporary equity regardless of the minimum net tangible assets required to complete the Company’s initial business combination.

Under NASDAQ rules, the Company has 60 calendar days from the date of the Notice, or until January 31, 2022, to submit a plan to regain compliance with the Rule. If NASDAQ accepts the Company’s plan, then NASDAQ may grant an exception of up to 180 calendar days from the due date of the Form 10-Q or until May 23, 2022, to regain compliance. The Company is continuing to review the impacts of the SEC Statement on the Company’s unaudited financial statements for the quarterly period ended September 30, 2021 and is working diligently to complete the Form 10-Q as soon as reasonably practicable with the intention of regaining compliance.

ABOUT EAST RESOURCES ACQUISITION COMPANY

East Resources Acquisition Company, led by Terrence (Terry) M. Pegula, is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy industry in North America.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” 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 prospectus for the 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.

SOURCE East Resources Acquisition Company

Investor Contact:
Kelly Seward
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Focus on continuous progress, value and affordability

CHICAGO--(BUSINESS WIRE)--#ComEd--The Illinois Commerce Commission (ICC), which regulates the state’s public utilities, today approved ComEd investments that enhance reliability and enable the transition to clean and renewable energy. The decision concludes an eight-month process in which the ICC, Illinois Attorney General and consumer groups reviewed ComEd’s actual costs for 2020 and power grid investments this year. The investment approval will result in an overall $46 million increase in rates that will add 16 cents to the average monthly bill for residential customers beginning in January and will be the first electric delivery rate increase in four years.

“ComEd is providing families and businesses industry-leading performance and smart investments will be key to meeting new customer expectations,” said Gil Quiniones, CEO of ComEd. “The power grid must be strong and resilient to withstand more frequent and severe weather events from climate change. We’ve received nearly 10,000 applications from customers this year to connect rooftop and community solar to our grid, at the same time demand for electric vehicles is growing. Our continuous improvement in performance and our smart investments means we can meet the needs of our customers while helping the state achieve its clean energy goals.”

ComEd’s average residential rates are among the most competitive in the nation. They are 17 percent lower than rates in the 10 largest U.S. metropolitan areas according to the most recent survey by the Edison Electric Institute. ComEd’s average commercial rates are 18 percent lower than rates in the top 20 largest U.S. metropolitan areas.

In January, ComEd residential customer bills will include an additional 29 cents per month on average for energy efficiency programs. ComEd’s average total residential customer bill will be about equal to what it was in 2008, in part because these successful energy efficiency programs have helped customers use less energy and produced $5.7 billion in total customer savings.

As a critical service provider, ComEd has programs and funding to support those who struggle to pay their bills. At the height of the pandemic, ComEd increased financial assistance funding by $9 million with the approval of the ICC, and as of November, ComEd has connected customers with over $138 million in assistance through state and federal programs. It also has provided hardship grants and assistance grants to small businesses.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.

ComEd Media Relations
312-394-3500

EXTON, Pa.--(BUSINESS WIRE)--#YII2021--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the Year in Infrastructure 2021 Founders’ Honorees. During the 2021 Year in Infrastructure and Going Digital Awards virtual event today, 22 Founders’ Honorees were recognized, representing organizations or individuals whose undertakings contribute notably to infrastructure advancement and/or environmental/social development goals.

Bentley Systems founders Keith and Greg Bentley, and Bentley’s Director of ES(D)G Rodrigo Fernandes, reviewed the compelling credentials of 18 Honorees selected from 230 organizations who submitted nominations for the company’s annual Going Digital Awards in Infrastructure program. Chief Acceleration Officer Santanu Das recognized three Honoree organizations respectively for Infrastructure IoT, iTwin Enterprise, and iTwin Entrepreneur. Nick Smallwood, CEO, on behalf of the U.K.’s Infrastructure and Projects Authority, was honored for ES(D)G Advocacy.

The Year in Infrastructure 2021 Founders’ Honorees are:

ES(D)G Honoree for Affordable and Clean Energy
Fujian Yongfu Power Engineering Co., Ltd.
Fujian Changle Zone C Offshore Wind Farm
Changle/Fuzhou, Fujian, China

ES(D)G Honoree for Climate Action
Evides NV
Pumping Energy Optimization and CO2 Reduction Evides Case Study
Rotterdam, Netherlands

ES(D)G Honoree for Sustainable Cities and Communities
GenMap
Tree Modeling and Feature Extraction Using Mobile Mapping
Mendoza, Argentina

For 4D Design Review
PT MRT Jakarta (Perseroda)
MRT Jakarta Phase II
Jakarta, Indonesia

For 4D Digital Twins Advancement
WSB
TH 169: Redefine Elk River
Elk River, Minnesota, United States

For As-Operated Digital Twin
CNOOC Energy Development Design and R&D Center
Digital Twin Project of the FPSO Offshore Oil Gathering and Transportation Platform
South China Sea, Guangdong, China

For Collaborative Success
Wood
Wood Bentley Digital Community Collaborative Portal
United Kingdom

For Comprehensive Collaboration
CES_SDC Pte Ltd & AECOM Singapore Pte Ltd
Tuas Water Reclamation Plant - Contract C4A - BioSolids & Digesters
Singapore

For Comprehensive Project Digital Twin
China Railway First Survey and Design Institute Group Co., Ltd.
Application of BIM Technology in the Design of Xi’an-Shiyan High-Speed Railway
Xi’an, Lantian, Shangluo, Shanyang, and Shiyan; Shaanxi and Hubei; China

For Digital Adaptation
AFRY & Tyréns Consortium
East Link
Stockholm, Sweden

For Digital Integrator
Mott MacDonald and National Grid
London Power Tunnels 2
London, United Kingdom

For Digital Twins R&D
Shanghai Investigation, Design & Research Institute Co., Ltd.
The Application of Digital Twin Technology in the Full Lifecycle of Offshore Wind Power Projects
Beijing, China

For ES(D)G Advocacy
Nick Smallwood (on behalf of Infrastructure and Projects Authority)
Infrastructure and Projects Authority
United Kingdom

For Global Future-proofing
Brigantium Engineering
ITER: In-Pit Activities for Tokamak Assembly
St. Paul-les-Durance, Bouches-du-Rhone, France

For Going Digital in Education
Center for Industrial Technological Studies and Services No. 33
CETIS 33 BIM Workshop
Mexico City, Mexico

For Infrastructure IoT
GZA GeoEnvironmental
United States

For iTwin Enterprise
Consilience Analytics
United States

For iTwin Entrepreneur
SewerAI
United States

For National Digital Twin
Singapore Land Authority
Advancing Singapore National 3D Reality Mapping for a Changing World
Singapore

For Pandemic-proof Execution
PT Hutama Karya (Persero)
Modification of Surabaya - Gresik Toll Road Interchange
Surabaya, East Java, Indonesia

For Project Delivery Visibility
Zachry Industrial, Inc., a Zachry Group Company
Golden Pass LNG Export Project
Sabine Pass, Texas, United States

For Virtuoso Invention
NP Singh
GMW Pvt. Ltd.
India

To view the project descriptions and access the images, visit the Founders’ Honorees webpage. Detailed descriptions of all nominated projects will be published in the print and digital versions of Bentley’s 2021 Infrastructure Yearbook in early 2022. To review the past editions of this publication, access Bentley’s Infrastructure Yearbooks.

Watch the executive sessions and the Going Digital Awards finalists’ presentations from the 2021 Year in Infrastructure and Going Digital Awards virtual event on-demand here.

Image

# #

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.

www.bentley.com

© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, ProjectWise, and Seequent are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

Press:
Christine Byrne
+1 203 805 0432
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@BentleySystems

ANSAN, South Korea--(BUSINESS WIRE)--#DeskLamp--Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a global optical semiconductor company, announced on the 2nd that it supplied SunLike, a natural light LED, to KOIZUMI FURNITECH Technology Corp., a Japanese learning furniture company. KOIZUMI FURNITECH, a company specializing in traditional Japanese learning furniture, is an affiliated company of Koizumi Group, same as Koizumi, a premium lighting company.

Seoul Semiconductor has been supplying SunLike technology to KOIZUMI lighting company. SunLike technology was already applied to KOIZUMI's children's room lighting and living room lighting in July 2020, and this time it was applied to desk light (ECL-111 and ECL-112) that helps create an optimal learning and reading environment.

SunLike technology is the world's first LED solution unique to Seoul Semiconductor that reproduces the spectrum curve of natural light. In recognition of its technology as the most similar lighting to natural light, it has won the highest diamond grade from Underwriters Laboratories (UL), an international lighting certification body. In addition, in a study at Seoul National University in Korea, Basel University in Europe, and Harvard Medical School led by Dr. Shadab Rahman, it was proven that the use of lighting with SunLike technology improves learning abilities such as working memory, problem-solving accuracy, learning speed, and cognitive processing speed.

Humans control the secretion of melatonin, a biological hormone, by using the wavelength of light entering through the eyes. Decrease of melatonin secretion results in vigorous physical activity and improvement of concentration, while increased secretion stabilizes human circadian rhythm and makes the body rest. The use of morning-light applied with SunLike technology promotes brain activity, helping improve children's concentration and learning speed, and evening-light provides a comfortable rest.

KOIZUMI FURNITECH's desk light with SunLike provides three colors: morning-light (Natural white + Warm white color) for concentration, Afternoon-light (Natural white color) for cognitive processing speed, and evening-light (Warm white color) for relaxation. In addition, there is a 45-minute timer function tailored to the class hours of elementary school students, which helps keep the ‘learning and rest cycle.’

"Since COVID-19 has reduced outdoor activities of children and students and made them spend a lot of time indoors away from sunlight, the importance of lighting has been highlighted," an official from Seoul Semiconductor said. "We expect SunLike, which reproduces sunlight, to help many children's eye health and learning effects."

Seoul Semiconductor has supplied SunLike technology to desk lamps for several lighting companies, including: ‘The Light’ of Balmuda, Japan, ‘Prism,’ ‘BY THE M,’ and ‘Cozy Light’ of Korea, ‘Xiaomi’ of China, and ‘Rang Dong’ of Vietnam.

About Seoul Semiconductor

Seoul Semiconductor is the world’s second-largest global LED manufacturer, a ranking excluding the captive market, and has more than 10,000 patents. Based on a differentiated product portfolio, Seoul offers a wide range of technologies, and mass produces innovative LED products for indoor and outdoor lighting, automotive, IT products, such as mobile phones, computer displays, and other applications, as well as the UV area. The company’s world’s first development and mass production products are becoming the LED industry standard and leading the global market with a package-free LED, WICOP; a high-voltage AC-driven LED, Acrich; an LED with 10X the output of a conventional LED, nPola; a cutting edge ultraviolet clean technology LED, Violeds; an all direction light emitting technology, filament LED; a natural sun spectrum LED, SunLike; and more. For more information, please visit www.seoulsemicon.com/en.

Seoul Semiconductor Co., Ltd.
Jinseop Jeong
+82-70-4391-8555
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• The company strengthens its position in the electric vehicle charger sector with an app that automates the installation process
• With this new software, Wallbox covers the entire lifecycle of electric chargers: from design and production to installation and maintenance
• The 'Installer App' is designed to help Wallbox to improve both the control and speed of the installation and maintenance processes of its electric vehicle chargers 

BARCELONA--(BUSINESS WIRE)--Wallbox N.V., (NYSE:WBX) a leading provider of electric vehicle (EV) charging and energy management solutions, goes one step further in its vision to transform energy consumption in households and further integrates and automates the installation of home charging solutions into its service through their new Installer App. This app allows Wallbox to expand the scope of its services and cover the full lifecycle of its electric chargers, from the conception and design phase all the way through to installation and maintenance, including production and point of sale.

The Installer App adopts a user experience similar to that of popular food delivery and rideshare apps. In the first few months the app has proven to reduce the time taken between purchase and installation by 50% and has reduced the reaction time for on-site technical assistance requests to less than five days. The company expects that approximately 85% of the jobs will be managed through this new app, to help improve the customer experience.

In addition to simplifying the installation process, the app puts Wallbox in a position to more efficiently carry out quality control as it centralises the relevant information for each installation or technical service through a single dashboard to improve customer satisfaction. Customers will also be able to rate the service received by the technician through the app which will give each installer a Net Promoter Score.

The app is also designed to simplify the experience for the technicians, who have all the information they need for each request in the palm of their hand. The technicians are able to access Wallbox product guides and necessary installation information straight from the app.

Eduard Castañeda, co-founder: "This app gives us even further control over the lifetime of our charging solutions. It also enables us to offer an excellent user experience. To accelerate the transition to electric mobility it is crucial to improve and simplify the user experience.”

Presence in seven countries

This new app, which has already soft launched in seven of the main European markets (Spain, Italy, Portugal, Germany, United Kingdom, France and the Netherlands), is currently being used by 64% of the installers in the Wallbox network.

David Symons, official Wallbox installer in London, "We have been working with Wallbox's new Installer App and it has made the installation process much quicker and easier. The App allows us to get the necessary installation information directly to our phones. This App is a very important step forward in improving Wallbox's work processes".

Frédéric Trouche, official Wallbox installer in Paris, "We are very satisfied with the result of this app. It is very easy to use, very intuitive, and it is perfectly adapted to the needs of technicians. The fact that we have the information we need to carry out technical interventions on the same device allows us to be much more efficient and offer a better quality of service. The technicians really appreciate the time savings and the customers appreciate the professionalism with which we have carried out the service".

Over the coming months, the Installer App, which is available for iOS and Android, is expected to continue to be rolled out in other countries where Wallbox markets its products.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Wallbox’s future financial or operating performance. For example, forward-looking statements include but are not limited to the efficiency and expected impact of the new app and the future roll out of the app in additional countries. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “predict,” “potential,” “continue” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electronic vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; and other important factors discussed under the caption “Risk Factors” in Wallbox’s Prospectus filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors. wallbox.com.

These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Elyce Behrsin
Public Relations
+34 673 310 905
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HOUSTON--(BUSINESS WIRE)--JERA Americas, the Houston-based subsidiary of global energy leader JERA Co. (JERA), has acquired a 100% interest in the El Sauz Wind Power Project from Apex Clean Energy, the original developer. The approximately 300 megawatt (MW) project, located in Willacy County, Texas, is expected to begin construction in early 2022 and begin operating in the last quarter of the year.

“We are extremely proud that our first investment in renewable energy in the US is right here in Texas where we have our American headquarters,” said Steven Winn, CEO of JERA Americas. “We are looking to accelerate the transformation of our energy supply to more sustainable forms of energy and this project marks the beginning of what we plan to be a substantial and growing commitment to renewables in this state and across the country. We like the Texas market for the way it supports cleaner energy and we plan to be here for the long term.”

The Project will consist of 67 Nordex Group wind turbines each capable of generating 4.5 MW of electricity, which at full output could power approximately 240,000 homes. Wanzek Construction, Inc. will serve as the balance of plant contractor for the project.

“El Sauz Wind represents a significant milestone—not only for JERA Americas, as its first US renewable energy investment, but also for the community, which will benefit from the significant local investment associated with construction of the project,” said Mark Goodwin, President and CEO of Apex Clean Energy. “El Sauz Wind will also generate new jobs and a significant source of revenue for Willacy County for decades to come. The success of this project is the result of a strong partnership with the famed HP El Sauz Ranch, a family-owned, historic working ranch that will be home to the wind farm.”

JERA plans to be a global leader in renewable energy and zero CO₂ emission electricity and has announced a 5 gigawatt (GW) goal for renewable energy projects by 2025 and to achieve net zero CO₂ emissions by 2050. JERA Americas established a renewable energy business in 2020 and plans to contribute approximately 2 GW toward achievement of the 5 GW global goal. The transaction marks the first renewable energy investment by JERA in the United States.

The El Sauz Wind development announcement comes after several other recent actions taken in pursuit of JERA’s goal of net zero CO₂ emissions by 2050. This summer, JERA Americas announced hydrogen blending projects at two natural gas fired generation facilities in the northeastern US. In September, JERA Americas also took an ownership interest in Hydrogenious LOHC Technologies, a company focused on providing safe hydrogen storage and transportation solutions to help spur the growth of hydrogen as a zero carbon fuel to reduce carbon emissions at fossil fuel plants.

ABOUT JERA AMERICAS

A subsidiary of Tokyo-based JERA that produces about 30% of all electricity in Japan, JERA Americas is supporting an energy transition in an environmentally and socially responsible manner. JERA, which stands for Japanese Energy for a New Era, has been working to achieve net zero CO2 emissions from its domestic and overseas businesses by 2050 and is contributing to the development of a sustainable society. https://www.jera.co.jp/english/. For more information contact This email address is being protected from spambots. You need JavaScript enabled to view it..

ABOUT APEX CLEAN ENERGY

Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Our mission-driven team of more than 300 professionals uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information about how Apex is building the energy company of the future, visit apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn.

JERA Americas
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NEW YORK--(BUSINESS WIRE)--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 30, 2021 to holders of record at the close of business on December 15, 2021.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.

For Hess Corporation

Investor Contact:
Jay Wilson
(212) 536-8940

Media Contact:
Lorrie Hecker
(212) 536-8250
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– Solutions enable optimized energy distribution, electrical grid resilience, and higher return on assets –

TOKYO--(BUSINESS WIRE)--#DER--Yokogawa Electric Corporation (TOKYO:6841) announces it has acquired all of the outstanding shares of PXiSE Energy Solutions LLC., a San Diego-based developer of software that enables utilities and other grid operators to deliver reliable and stable power by managing renewables and distributed energy resources (DERs) in real time. Through this acquisition, Yokogawa will build on its capabilities in the monitoring and control of power generation facilities and assist customers in the power transmission and distribution sectors to meet their clean energy goals.

Renewable energy sources such as wind and solar PV are crucial for reducing greenhouse gas emissions, however the power generated is unpredictable as they are affected by the weather conditions. It also requires a much larger number of units distributed over a wider area to generate the same amount of power as a conventional power station. In addition, energy consumers themselves are becoming energy resources as they install solar power and battery storage systems. These factors are altering the very nature of the grid that utilities manage.

PXiSE (pronounced “pice”) was started in 2016 based on the idea that real-time data from the grid combined with artificial intelligence could be leveraged to help utilities manage the rapidly increasing number of distributed energy resources that are coming online every year. Since proving this concept, the company has delivered more than one gigawatt of projects in the US, Asia, and Oceania, helping clients achieve both their grid management and emission goals. Prior to the acquisition, the company was a subsidiary of Sempra, a US-based energy infrastructure company, and was partially owned by a subsidiary of Mitsui & Co., Ltd.

PXiSE’s Active Control Technology (ACT) is an automated grid control software platform that consists of hybrid power plant controls, microgrid controls, and a distributed energy resource management system, achieving holistic system optimization by enabling the integration of groups of DERs alongside traditional grid components. It can also maximize the efficiency and production of utility-scale renewable energy assets. The patented ACT delivers higher reliability than conventional power system monitoring and control systems due to its high-speed measurement and control, which enable seamless energy source transitions. Integration of external data sets and predictive forecasting support cost and profit optimization.

In the power sector, Yokogawa has decades of experience in delivering and optimizing control systems for conventional power plants around the world, and Yokogawa’s controllers and industrial IoT software platforms support renewable power generation facilities as well as energy management systems for buildings, factories, and communities. The addition of PXiSE to the Yokogawa Group will enable the company to help global customers involved in power transmission and distribution to better manage the increasingly diversified energy supply chain, maximize the deployment of renewable energy assets, and ultimately deliver affordable, reliable, and sustainable forms of energy.

“We’re thrilled to be joining Yokogawa Electric Corporation, whose deep expertise in power plant and industrial control systems is a natural complement to our innovative grid controls technology. Combined, Yokogawa and PXiSE expertise provides tremendous value creation for customers, the energy industry, and society,” said Patrick Lee, CEO and cofounder of PXiSE Energy Solutions. “Our market growth will be greatly strengthened thanks to Yokogawa’s global engineering, sales, service, and support network, and Yokogawa will be able to accelerate their expansion into the power delivery and distribution end-use sectors. Together, we look forward to becoming worldwide renewable energy leaders, enabling the clean energy transition.”

“Yokogawa believes that the decarbonization trend in the energy sector is one of the biggest challenges society has ever faced,” said Koji Nakaoka, vice president and head of the Energy & Sustainability Business Headquarters and the Global Sales Headquarters at Yokogawa Electric. “PXiSE’s highly innovative technologies address many of the issues related to the optimal production and integration of renewable and other energy sources, so we are extremely excited to welcome them to the Yokogawa Group. We look forward to being able to make this outstanding technology available to our customers around the world as soon as possible.”

Outline of PXiSE Energy Solutions LLC.

Location: San Diego, California, USA
Founded: December 2016
Main business: Development and implementation of software solutions for a renewable and distributed electric grid

About Yokogawa

Yokogawa provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations.
Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,500 employees in a global network of 119 companies spanning 61 countries.
For more information, visit www.yokogawa.com

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.

Media Contact
PR Section, Integrated Communications Center
Yokogawa Electric Corporation
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLC’s prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021. The assets include ~225,000 net acres and producing properties located entirely in Texas, as well as over 600 miles of operated crude, gas and water pipelines and infrastructure. Estimated 2022 production from these assets is expected to be approximately 200 MBOED, roughly half of which is operated.

“This deal was justified on three key merits: it meets our rigorous cost of supply framework, we see a way to drive efficiencies from the assets, and the transaction makes our 10-year plan better,” said Ryan Lance, chairman and chief executive officer. “We believe the addition of these high-quality assets improves our underlying business drivers, expands our cash from operations, enhances our ability to deliver higher returns on and of capital, and lowers our average GHG intensity.”

Lance continued, “The completion of this acquisition caps off an exceptional year and significantly strengthens our company as we head into 2022. We welcome a new group of employees and look forward to integrating these properties into our Permian business and realizing the full potential of this transaction.”

-- # # # ---

About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $87 billion of total assets, and approximately 9,900 employees at Sept. 30, 2021. Production excluding Libya averaged 1,514 MBOED for the nine months ended Sept. 30, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.

Forward-Looking Statements

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition or the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ.

Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of November 30, 2021, the company’s unaudited total assets were approximately $564.4 million and its unaudited net asset value was $412.9 million, or $34.61 per share.

As of November 30, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 532%, and its coverage ratio for preferred shares was 405%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2021.

Unaudited preliminary balance sheet

11.93 million common shares currently outstanding.

Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) today announced that as of November 30, 2021, the company’s unaudited total assets were approximately $278.2 million and its unaudited net asset value was $210.1 million, or $37.22 per share.

As of November 30 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 563%, and its coverage ratio for preferred shares was 449%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2021.

Unaudited preliminary balance sheet

5.64 million common shares currently outstanding.

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of November 30, 2021, the company’s unaudited total assets were approximately $81.0 million and its unaudited net asset value was $62.3 million, or $27.96 per share.

As of November 30, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 668%, and its coverage ratio for preferred shares was 443%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2021.

Unaudited preliminary balance sheet

2.23 million common shares currently outstanding.

Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of November 30, 2021, the company’s unaudited total assets were approximately $51.1 million and its unaudited net asset value was $46.4 million, or $25.13 per share.

As of November 30, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 1,684%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2021.

Unaudited preliminary balance sheet

1.85 million common shares currently outstanding.

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of November 30, 2021, the company’s unaudited total assets were approximately $123.0 million and its unaudited net asset value was $98.5 million, or $15.09 per share.

As of November 30, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 510%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2021.

Unaudited preliminary balance sheet

6.53 million common shares currently outstanding.

The top 10 holdings for TYG, NTG, TTP, NDP and TPZ as of the most recent month-end can be found on each fund’s portfolio web page at https://cef.tortoiseecofin.com.

About Tortoise

Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseEcofin.com.

Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc.

For additional information on these funds, please visit cef.tortoiseecofin.com.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

For more information contact:
Maggie Zastrow, (913) 981-1020
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EL DORADO, Ark.--(BUSINESS WIRE)--The Board of Directors of Murphy USA Inc. (NYSE: MUSA) recently authorized a new share repurchase authorization of up to $1 billion to begin upon completion of the current $500 million authorization and to be executed by December 31, 2026. The new authorization is a continuation of the company’s updated capital allocation strategy, which was announced in October 2020, and reaffirms the company’s commitment to supplement organic growth initiatives with shareholder distributions, including our recently announced dividend growth plan, to maximize value creation over time.

“In light of Murphy USA’s robust operating performance and ability to generate free cash flow on top of accelerated organic growth, we are pleased to reaffirm this piece of our value creation formula,” said President and CEO Andrew Clyde. “Given that we are on track to execute the previously announced $500 million program nearly two years early, this new authorization is a testament to our advantaged business model and increasing confidence in the future of our company. This timeframe provides management added flexibility over a five-year window to prioritize high impact organic growth, while providing optionality around execution and preserving prudent liquidity.”

The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. Repurchases may be conducted through open market transactions, privately negotiated transactions, pursuant to accelerated share repurchase programs, or otherwise. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company’s stock plans and for other corporate purposes.

About Murphy USA
Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,650 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The company and its team of nearly 15,000 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 322 among Fortune 500 companies.

Forward-Looking Statements
Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risk and uncertainties, including, but not limited to our M&A activity, anticipated store openings, fuel margins, merchandise margins, sales of RINs, trends in the Company’s operations, dividends and share repurchases. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: the Company’s ability to realize projected synergies from the acquisition of QuickChek and successfully expand our food and beverage offerings; the Company’s ability to continue to maintain a good business relationship with Walmart; successful execution of the Company’s growth strategy, including the Company’s ability to realize the anticipated benefits from such growth initiatives, and the timely completion of construction associated with the Company’s newly planned stores which may be impacted by the financial health of third parties; the Company’s ability to effectively manage the Company’s inventory, disruptions in the Company’s supply chain and the Company’s ability to control costs; the impact of severe weather events, such as hurricanes, floods and earthquakes; the impact of a global health pandemic, such as COVID-19, including the impact on the Company’s fuel volumes if the gradual recoveries experienced throughout 2020 and 2021 stall or reverse as a result of any resurgence in COVID-19 infection rates and government reaction in response thereof; the impact of any systems failures, cybersecurity and/or security breaches of the company or its vendor partners, including any security breach that results in theft, transfer or unauthorized disclosure of customer, employee or company information or the Company’s compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of the Company’s information technology strategy; reduced demand for our products due to the implementation of more stringent fuel economy and greenhouse gas reduction requirements, or increasingly widespread adoption of electric vehicle technology; future tobacco or e-cigarette legislation and any other efforts that make purchasing tobacco products more costly or difficult could hurt the Company’s revenues and impact gross margins; changes to the Company’s capital allocation, including the timing, declaration, amount and payment of any future dividends or levels of the Company’s share repurchases, or management of operating cash; the market price of the Company’s stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company’s cash flows from operations, and general economic conditions; compliance with debt covenants; availability and cost of credit; and changes in interest rates. Murphy USA’s SEC reports, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. Murphy USA undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

Investor Contact:
Christian Pikul – Vice President of Investor Relations and FP&A
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Mitchell Freer – Investor Relations Analyst
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--The following unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF).

As of November 30, 2021, the company’s unaudited total assets were approximately $258.0 million and its unaudited net asset value was $232.6 million, or $17.24 per share.

As of November 30, 2021, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 1,177%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2021.

Unaudited preliminary balance sheet

The top 10 holdings for TEAF as of the most recent month-end can be found on the fund’s portfolio web page at cef.ecofininvest.com/funds/teaf.

For additional information on this fund, please visit cef.ecofininvest.com.

TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the fund’s sub-adviser.

Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the fund and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the fund and TCA do not assume a duty to update this forward-looking statement.

For more information contact:
Maggie Zastrow, (913) 981-1020
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• Continued discipline with capital at low end of 2022-2025 guidance
• Raises share buyback guidance range to $3 to $5 billion per year

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced a 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15 to $17 billion guidance range and up more than 20% from 2021 expected levels. This capital program supports Chevron’s objective of higher returns and lower carbon, including approximately $800 million in lower carbon spending. The program excludes expected inorganic capital of $600 million in anticipation of the formation of a renewable fuel feedstocks joint venture with Bunge.

“The 2022 capital budget reflects Chevron’s enduring commitment to capital discipline,” said Chevron Chairman and CEO Mike Wirth. “We’re sizing our capital program at a level consistent with plans to sustain and grow the company as the global economy continues to recover.”

Consistent with its track record of returning excess cash to shareholders, the company is raising its share buyback guidance range to $3 to $5 billion per year, versus prior guidance of $2 to $3 billion per year. “We’re a better company than we were just a few years ago. We’re more capital and cost efficient, guided by a clear and consistent objective to deliver higher returns and lower carbon,” Wirth continued. “And this enables us to return more cash to shareholders.”

Details of the 2022 Organic Capital and Exploratory Investment Program include:

Upstream

In the upstream business, approximately $8 billion is allocated to currently producing assets, including about $3 billion for Permian Basin unconventional development and approximately $1.5 billion for other shale & tight assets worldwide. Additionally, $3 billion of the upstream program is planned for major capital projects underway, of which about $2 billion is associated with the Future Growth Project and Wellhead Pressure Management Project (FGP / WPMP) at the Tengiz field in Kazakhstan. Finally, approximately $1.5 billion is allocated to exploration, early-stage development projects, midstream activities and carbon reduction opportunities.

Downstream

Approximately $2.3 billion of planned organic capital spending is associated with the company’s downstream businesses that refine, market and transport fuels, and manufacture and distribute lubricants, additives, and petrochemicals. This also includes capital to grow renewable fuels and products businesses.

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

NOTICE

As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company's products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; development of large carbon capture and offset markets; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company's global supply chain, including supply chain constraints; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

Sean Comey -- +1 925-842-5509

WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials, Inc. (“Origin,” “Origin Materials,” or the “Company”) (Nasdaq: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, today announced that it will participate in the Credit Suisse Climate Tech and Start-Up Forum, which will be held virtually on December 6^th and 7^th, 2021. In addition to holding one-on-one investor meetings, Origin Co-Founder and Co-CEO John Bissell is scheduled to participate in a panel discussion including other climate-focused innovators on December 7, 2021.

Interested investors and other parties can find additional information relating to these conferences by visiting the Events and Presentations section of the Company’s Investor Relations website at https://investors.originmaterials.com.

About Origin Materials
Headquartered in West Sacramento, Origin Materials is the world's leading carbon negative materials company. Origin’s mission is to enable the world’s transition to sustainable materials. Over the past 10 years, Origin has developed a platform for turning the carbon found in inexpensive, plentiful, non-food biomass such as sustainable wood residues into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a ~$1 trillion addressable market. In addition, Origin’s technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors.

For more information, visit www.originmaterials.com.

Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy, estimated total addressable market, commercial and operating plans and product development plans. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Origin Materials and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Origin Materials. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may be unable to successfully commercialize its products; the effects of competition on Origin Materials’ business; disruptions and other impacts to Origin Materials’ business as a result of the COVID-19 pandemic and other global health or economic crises; changes in customer demand; and those factors discussed in the Quarterly Report on Form 10-Q filed with the SEC on November 12, 2021 under the heading “Risk Factors,” and other documents Origin Materials has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Origin Materials presently does not know, or that Origin Materials currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Origin Materials’ expectations, plans, or forecasts of future events and views as of the date of this press release. Origin Materials anticipates that subsequent events and developments will cause its assessments to change. However, while Origin Materials may elect to update these forward-looking statements at some point in the future, Origin Materials specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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