AMES, Iowa--(BUSINESS WIRE)--$REGI #REGI--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that two new Board members have been appointed to the company’s Board of Directors.

Joining the Board are Mr. Dylan Glenn, Senior Executive at Eldridge Industries, and Ms. Niharika Taskar Ramdev, a former General Motors Executive. Both were appointed at the company’s November 9^th board meeting.

“We are thrilled to add Dylan and Niharika to our board. As the company advances its growth strategy, diversifying our board will continue to guide the company’s mission of delivering sustainable solutions and leading the way in the energy transition,” said Jeff Stroburg, Chairman of the Board. “Dylan and Niharika both bring impressive backgrounds and relative experience to REG’s areas of growth.”

Dylan Glenn is a senior executive at Eldridge Industries, a diversified holding company based in Greenwich, Connecticut. Prior to joining Eldridge, Mr. Glenn was CEO of KBBO Americas, LP, a U.S.-based investment vehicle for the KBBO Group, headquartered in the United Arab Emirates. Prior to KBBO Americas LP, Mr. Glenn was Senior Managing Director of Guggenheim Partners, where he joined in 2005. Glenn also has experience in the government and regulatory space, serving as Deputy Chief of Staff to Governor Sonny Perdue of Georgia and Special Assistant for Economic Policy to the President in the White House of George W. Bush.

Niharika Taskar Ramdev is a seasoned finance executive with global experience and has worked in the United States, India, China and Singapore. Ms. Ramdev held senior positions at General Motors for over twenty years. Her experience includes having served as Chief Financial Officer of the Global Cadillac division from 2018 to 2019, Chief Financial Officer of General Motors International from 2015 to 2018, Vice President of Finance and Treasurer from 2014 to 2015 and Chief Financial Officer for Global Purchasing and Supply Chain from 2011 to 2014.

Glenn will serve as a Class II Director and his term will expire at the company’s 2022 annual meeting. Ramdev will serve as a Class III Director and her term will expire at the company’s 2023 annual meeting.

About Renewable Energy Group

Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the company advancing its growth strategy, its mission and its ability to lead the way in the energy transition. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the company’s ability to successfully execute its strategy and other risks and uncertainties described in REG’s annual report on Form 10-K for the year ended December 31, 2020 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.

Media Contact for Renewable Energy Group:
Katie Stanley
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations Contact for Renewable Energy Group:
Todd Robinson
This email address is being protected from spambots. You need JavaScript enabled to view it.

WASHINGTON--(BUSINESS WIRE)--#affordableenergy--American families can expect to pay more to visit their loved ones this holiday season while also shelling out more for everything from food to toys due directly to increased fuel costs. A new report by Consumer Energy Alliance calculates just how much more consumers will have to pay for gasoline this winter. That includes price increases which translate into more costly goods and services, which hurts families, businesses and individuals – especially those on low and fixed incomes – who are already pinching pennies.

During these tough times, this new report helps to remind us how energy policies have ripple effects across our economy and real implications for real people. The average price of gasoline – slowly rising each week – is the highest it has been since October 2014. The average price to fill a typical vehicle costs consumers about $17 more than it did a year ago – up to $715 a year. That means less discretionary income and less savings for those who have little to save already – and less by the day with inflation climbing and food prices rising.

These price spikes continue to guzzle up more of American families’ monthly budgets and increase the costs of other consumer goods. A U.S. Census Bureau survey found that 29% of Americans surveyed had to reduce or forego expenses for basic household necessities to pay an energy bill in the last year. That survey was conducted before gasoline prices began rising at historic rates; meaning the amount of Americans going without basic necessities to pay higher energy bills will only continue to rise as prices trend upward.

“Energy touches every aspect of our lives and is woven into the fabric of our economy, so it is essential we have energy policies that reduce the cost burden for people,” CEA President David Holt said.

“Balanced energy policies that utilize our abundant oil and natural gas resources, produced under the strictest environmental safety standards in the world that help advance our environmental goals while meeting our energy needs, are the easiest, most reliable way to lessen the cost burden on consumers, manufacturers, truckers and farmers. Done right, good policies can help us meet our increasing demand for energy while achieving our global environmental goals. This should not be a choice between working toward net zero emissions and delivering safe, affordable, reliable energy to people’s homes.”

Highlights from the report:

• As of Nov. 1, 2021, regular gasoline averaged $3.39 a gallon – up more than $1.27 from a year ago. Diesel prices climbed from $2.37 to $3.72 a gallon during the same period.
• The average price of gasoline – which is slowly rising each week – is the highest it has been since October 2014.
• The average price at the pump to fill a typical vehicle costs consumers about $17 more than it did a year ago – up to $715 a year.
• The average price to fill up a semi-truck costs truck drivers more than $357 than it did a year ago – up to almost $7,650 per year. These price increases are passed to consumers in the form of higher costs for goods and services.
• Along with its world leadership in renewable energy growth and environmental stewardship, the U.S. has abundant oil and gas resources including an estimated 214 billion barrels of recoverable oil resources, and 2,867 trillion cubic feet of technically recoverable resources of dry natural gas. Utilizing these resources while managing our environmental progress would allow us to meet consumer and commercial demand, and decrease gasoline prices significantly.

To view the report, click here.

About Consumer Energy Alliance

Consumer Energy Alliance (CEA) is the leading voice for sensible energy and environmental policies for consumers, bringing together families, farmers, small businesses, distributors, producers, and manufacturers to support America’s environmentally sustainable energy future. With more than 550,000 members nationwide, we are committed to leading the nation’s dialogue around energy, its critical role in the economy, and how it supports the vital supply chains for the families and businesses that depend on them. CEA works daily to encourage communities across the nation to seek sensible, realistic, and environmentally responsible solutions to meet our nation’s energy needs.

Bryson Hull
(202) 657-2855
This email address is being protected from spambots. You need JavaScript enabled to view it.

Additional TEAF announcements include:
Upcoming distribution dates and amounts
Availability of third calendar quarter commentary
October monthly portfolio update

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) today announced that the Board approved the adoption of a managed distribution policy and a 6.7% increase in its monthly distributions to $0.08 per share beginning in December and payable on the dates noted below. Based on TEAF’s current price of $14.91, the distribution represents an annualized distribution rate of 6.44%.

“This distribution increase coincides with the notable constructive outlook we hold for the underlying assets in the TEAF portfolio and further shift to sustainable investments moving into 2022. We are confident in the income generation and expected long-term total return of the portfolio, driven by the low correlation and differentiated income streams of the underlying assets, and we expect to monetize a portion of total return over time and return to shareholders in the form of monthly distributions,” said Nick Holmes, Managing Director and Portfolio Manager.

Upcoming distribution dates and amounts

TEAF monthly distributions are payable on December 31, 2021, January 31, 2022, and February 28, 2022, to shareholders of record on the respective dates of December 24, 2021, January 24, 2022, and February 21, 2022.

For book purposes, the source of distributions for TEAF is estimated to be approximately 90 to 100% ordinary income, with the remainder as return of capital. For tax purposes, the characterization will not be made until determination of earnings and profits after year end.

Availability of third calendar quarter commentary

TEAF commentary has been published for the third calendar quarter of 2021. The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests. A copy of the commentary piece is available here on the company website.

October monthly portfolio update

Additionally, an update on TEAF’s direct investments, portfolio asset allocation, structure types and impact statistics as of October 31, 2021 are provided on the company website here. On a monthly basis, details on each private deal that has taken place over the prior month will be published here. The list includes all deals completed since the fund’s inception through October 31, 2021. Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.

2021 Tax Characterization Information

For tax purposes, 60 to 80% of TEAF’s 2021 distributions are expected to be characterized as dividend income with the remainder as return of capital. A final determination of the characterization will be made in January 2022, and you will receive a form 1099-DIV for each fund in which you are invested.

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

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.

Tortoise Capital Advisors, L.L.C. (also dba TCA Advisors) (“TCA”) 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 at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Itron Smart Pay Helps Utilities Empower Their Customers to Reduce Energy Usage and Save Money Through Flexible Billing and Payment Program

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Itron--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the launch of Itron Smart Pay for utilities and cities in North America. Building on Itron’s global leadership in prepayment solutions, with 20 million prepay endpoints in over 20 countries, Itron Smart Pay is Itron’s first Software as a Service (SaaS) delivery program model in North America. The solution is designed for utilities to empower their customers to manage and pay for their energy consumption by providing flexible billing and payment solutions.

According to the Prepay Energy Working Group (PEWG), utilities who use prepay solutions can recover 80% of their consumer debt in one to two years, with over 80% customer satisfaction. The newly released PEWG annual report states that over 40% of Americans have used some type of prepay option and are very satisfied. Interest in voluntary prepay energy programs offered by utilities is at all-time high with 50% of respondents indicating some level of interest which is a 25% increase from their last survey.

Taking advantage of Itron Smart Pay, the prepayment solution can be highly efficient at utility debt recovery while still providing consumer satisfaction and consumer engagement through hourly utility bill calculations and active customer engagement messaging. Prepayment solutions give consumers greater awareness of their energy consumption, so they can reduce their usage and save money. The online portal, accessible through web and smart phones, offers consumers flexible payment options. Using Smart Pay utilities can offer no reconnection fees, no credit checks and the ability to reduce utility charges through enhanced energy usage information.

In conjunction with this initiative, Itron has entered into a strategic partnership with PayGo, a software and payments company, who has powered the underlining technology for Smart Pay which has been proven with deployments across North American utilities, both IOU and Public Power for over 10 years. In addition, Itron and PayGo will partner to provide additional prepay functionality utilizing Itron’s Distributed Intelligence (DI) platform.

“At Itron, we are always seeking ways to create additional value for our customers. Itron Smart Pay enables utilities to get more out of their AMI investments and improve customer engagement and satisfaction,” said Don Reeves, senior vice president of Outcomes at Itron. “Launching Itron Smart Pay during the COVID-19 pandemic in North America will help relieve some of the financial economic impact customers are facing by providing a program that allows them to take control of their energy usage. Itron Smart Pay brings value to both the utility and customer. With more than 25 years of experience in supporting utilities with prepayment solutions, we are looking forward to leading the way in the payment and consumer management segment in North America through Itron Smart Pay.”

Key benefits of Itron Smart Pay:

• Complete billing solution including post-pay billing and prepayment options such as automated cash payments via bar-code, integrated cards/ACH payment platform, retail bill payment through bar codes, the ability to make payments via single sign-on and text message, phone call and notification alerts regarding bill balance.
• Applicable to multi commodities electric, gas and water operations.
• Enables utilities to offer optional flexible payment methods with or without AMI remote disconnect.
• Energy efficiency gains from consumers changing behavior habits using near real-time consumption information, resulting in an average of 3 to 12% in energy savings.
• Reduced call center volume to utilities from with multiple notification channels delivering advanced metering infrastructure (AMI) usage data.
• Increased customer satisfaction with a seamless user experience providing engaging analytics displaying energy usage, cost breakouts, payment history that translate into a bump in Return on Equity according to JD Powers with higher customer satisfaction scores by 10 points or more.
• Backed by Itron’s services and support teams, ensuring security and performance.
• Deliver a more robust consumer experience as Itron incorporates DI functionality along with Itron’s other applications, such as AMI headend systems, including OpenWay, UIQ and Itron Enterprise Edition Meter Data Management.

Itron Smart Pay is now available in North America. More information can be found on the Itron Smart Pay product page. For purchasing information, contact your Itron sales or channel representative.

Join Itron on Thursday, Nov. 18 at 12:00 p.m. PST for a free webinar to learn more about how utilities can recover losses, provide a flexible billing solution and increase customer satisfaction through Itron Smart Pay.

About Itron

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

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

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Expro Group Holdings N.V. (NYSE: XPRO) today announced that Michael Jardon, Chief Executive Officer, will present to members of the investment community at the Bank of America Securities 2021 Global Energy Conference at 1:00 p.m. ET on Thursday, November 18, 2021.

A live webcast of Expro’s presentation will be available via the Investor section of www.expro.com. Please log on at least 15 minutes early to register and to download any necessary audio software. A replay of the webcast will be available at the Investor section of Expro’s website for 90 days following the presentation. In addition, the conference presentation and script may be accessed via the Investor section of www.expro.com.

ABOUT EXPRO

Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and best-in-class safety and service quality. The company's extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well integrity and intervention.

Founded in 1938, Expro has more than 6,600 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries with over 100 locations.

For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.

Investor contact:
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 281 994 1056

Media contact:
Hannah Rumbles – Global Marketing and Communications Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
+44 1224 796729

The latest venture capital financing underscores Interface Fluidics’ role as a tech innovator, supporting emissions reductions in the oil and gas industry

CALGARY, Alberta--(BUSINESS WIRE)--Calgary-based technology company Interface Fluidics has secured $6.7 million CAD ($5.4 million USD) from five investors to support Interface Fluidics’ technological innovation, which will revolutionize sampling collection and testing for the oil and gas industry. This technology platform will make collecting the data required to reduce freshwater and chemical consumption uniquely accessible by providing an exponentially faster, on-demand approach.

Interface Fluidics was founded in 2015 with the goal of revolutionizing how oil and gas companies think about fluids, both their impact on business decisions and the environment. This has led to breakthroughs for their customers when optimizing exploration and production strategies, and helped companies reduce their environmental impact. This is the third and largest financing round since the company was founded, with more than $11 million USD raised in total.

This latest investment was led by Equinor Ventures, a demonstrated leader in the energy transition, being the first offshore producer to electrify operations in their newest fields. Equinor is also developing Northern Lights, the world’s largest Carbon Capture and Storage (CCS) project. This financing will allow Interface technology to be put in the hands of clients in the field or the lab, cutting down on the shipping of hazardous chemicals and ensuring much faster test results.

“Equinor Ventures is excited to further strengthen the relationship with Interface Fluidics and support the development of their game-changing fluid analysis platform. Their technology will support the management of our existing oil and gas assets and shows potential for applications in carbon emissions reduction,” says Gareth Burns, Vice President of Equinor Ventures.

“Bringing in these foreign investments allows us to grow our team here in Alberta, potentially doubling the number of staff we currently have,” says Stuart Kinnear, Co-Founder and CEO of Interface Fluidics. “It’s a true vote of confidence in Canada’s ability to commercialize innovative technology.”

This investment will help Interface customers reduce emissions and costs. Which comes at the perfect time, considering the recent COP26 announcement for greenhouse gas emission caps for the oil and gas industry. On the impact of this investment, Kinnear says, “This additional capital will accelerate Interface Fluidics’ development of the industry’s first truly accessible fluid property analysis technology. It is another step toward our vision of helping to lower emissions in oil and gas through better data and smaller sample sizes."

The latest round of funding further cements Interface Fluidics’ position as a company that challenges the status quo and is leading the oil and gas sector with cutting-edge solutions-based technology. This once-startup now provides their services to major producers including Suncor, Equinor, Total, Cenovus, BP, Ovintiv, Saudi Aramco, and Petroleum Development Oman.

For more information about Interface Fluidics, please visit www.InterfaceFluidics.com

About Interface Fluidics:

Interface Fluidics is facilitating a net zero energy industry and the conservation of finite resources with fluid testing that is cost effective, rapid, and repeatable – and at higher pressures and temperatures. By providing more and better data, Interface is helping reduce emissions and increase efficiencies with visual insights at the microscopic level. The innovative, proprietary technology created by Interface Fluidics provides results that can increase ROI, reduce chemical costs, and take the guesswork out of operations.

InterfaceFluidics.com | LinkedIn | YouTube | Twitter

Leigh Nelson
+1.403.860.2080
This email address is being protected from spambots. You need JavaScript enabled to view it.

Distribution Amounts and Dates Declared for:
Tortoise Energy Infrastructure Corp. (NYSE: TYG)
Tortoise Midstream Energy Fund, Inc. (NYSE: NTG)
Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP)
Tortoise Energy Independence Fund, Inc. (NYSE: NDP)
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)

OVERLAND PARK, KS--(BUSINESS WIRE)--TortoiseEcofin and the Board of its closed-end funds today announced a fourth consecutive and noteworthy increase to quarterly distributions for TYG and NTG of 23.3% and 48.1%, respectively. As previously announced, TTP, NDP and TPZ have adopted managed distribution policies and those distribution amounts will be reviewed in February 2022, in accordance with their policies.

“The distribution increases for TYG and NTG are due to steady NAV growth and a refueling in demand within the energy infrastructure sector. The increases raise the distributions of both funds to levels in accordance with their distribution policies,” said Matt Sallee, President – Tortoise. “In alignment with the energy evolution taking place across the globe, TYG continues its strategic shift, positioning for the future of energy growth and toward a target portfolio of ~40% renewables and power infrastructure. Furthermore, we see tremendous opportunity and exceptional yields in midstream energy infrastructure, where NTG primarily invests, and we intend to pass that income to shareholders.”

Tortoise closed-end funds distribution details are as follows:

TYG, NTG, TTP and NDP quarterly distributions are payable on November 30, 2021, to shareholders of record on November 23, 2021. TPZ is expected to continue to declare distributions monthly, with the November distribution payable on November 30, 2021, to shareholders of record on November 23, 2021.

2021 Tax Characterization Information

For tax purposes, 80 to 100% of TYG and NTG’s 2021 distributions are expected to be characterized as qualified dividend income, with the remainder as return of capital; 0 to 10% of TTP and NDP’s 2021 distributions are expected to be characterized as dividend income, with the remainder as return of capital; and 40 to 60% of TPZ’s 2021 distributions are expected to be characterized as dividend income with the remainder as return of capital. A final determination of the characterization will be made in January 2022, and you will receive a form 1099-DIV for each fund in which you are invested.

For book purposes, the source of distributions for TYG and NTG is estimated to be 100% return of capital, and the source of distributions for NDP is estimated to be approximately 10 to 20% ordinary income, with the remainder as return of capital.

You should not draw any conclusions about TTP’s or TPZ’s investment performance from the amount of these distributions or from the terms of TTP’s or TPZ’s distribution policy.

TTP and TPZ estimate that they have distributed more than their income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TTP and TPZ is paid back to you. A return of capital distribution does not necessarily reflect TTP’s and TPZ’s investment performance and should not be confused with “yield” or “income.”

TTP and TPZ will report the sources for their distributions at the time of the payment in the applicable Section 19(a) Notice. The amounts and sources of distributions TTP and TPZ report are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP’s and TPZ’s investment experience during the remainder of their fiscal years and may be subject to changes based on tax regulations.

About TortoiseEcofin

TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For additional information, please visit www.TortoiseEcofin.com.

Tortoise Capital Advisors, L.L.C. (also dba TCA Advisors) (“TCA”) 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 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 funds and TCA do not assume a duty to update this forward-looking statement.

Maggie Zastrow
(913) 981-1020
This email address is being protected from spambots. You need JavaScript enabled to view it.

Recipients celebrated during Navis Connect, the virtual event in replace of Navis World 2021

OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, today announced the winners of the Navis Inspire Awards during Navis Connect 2021, a global event bringing supply chain leaders together virtually.

The Inspire Awards celebrate Navis customers that demonstrated excellence in the industry and innovation across the six categories over the past two years. The categories awarded this year were Digital Transformation, Performance and Capacity Optimization, Sustainability, Collaboration Across Workers in the Cargo Flow, Automation and Dynamic Solution in the Pandemic. With the pandemic, logistics and supply chain companies were thrust into the spotlight as they adapted operations to meet extreme demand. The new award category seeks to salute the company that thrived despite the challenges of the pandemic.

“Our customers met the multitude of supply chain challenges spurred by the pandemic head on and we are looking forward to celebrating and honoring their achievements at Navis Connect,” said Andy Barrons, Chief Strategy Officer at Navis. “We are proud to acknowledge our terminal, ocean carriers, and other partners around the globe and celebrate an industry that kept the supply chain functioning and the flow of goods moving during a tumultuous time for the global community.”

Winners were selected through a judging panel based on innovation, ROI and project management. The 2021 Inspire Award winners are:

• Performance and Capacity Optimization: APM Terminals, Port Elizabeth Port, NJ - APMT Port Elizabeth implemented N4, a gate appointment system and a new gate operating system in order to provide a consistent truck driver experience, improve yard planning to better allocate equipment and cut wait times. Following the implementation, APMT Port Elizabeth reduced single move turn times from two hours to 45 minutes, set a safety record for the most days without a lost time injury, cut detention costs by 75%, handled the highest move-count ever on a single containership in the NY/NJ port and increased yard capacity by 25%.

• Sustainability: CentrePort Wellington Ltd. - CentrePort is rebuilding and revitalizing the port after the effects of the Kaikoura earthquake which caused significant asset damage and shut down operations for 10 months. By utilizing electric trailers, CentrePort is able to reduce greenhouse gas emissions and pollution while building resilience into the operation to create long-term sustainable business. By transitioning its mode of container operation from Straddle & Reach Stacker to fully electric trailers, it has achieved efficiencies across the board while already diverting up to $100,000 NZD worth of fuel costs, $65,000 NZD worth of rental costs for diesel tractor-trailer operations (forecasted annually) and is projected to offset its carbon emissions by 5.2% of its 2019 footprint.

• Collaboration Across Stakeholders in the Cargo Flow: DP World Ecuador - The ports in the cities of Duran and Posorja in Ecuador lie on one of the most centralized routes used by exporters in the world. DP World Logistics and DP World Posorja combined forces, both using N4 to collaborate and provide a full repertoire of supply chain services, including depot and container transport, an offering not available under one entity anywhere else in Ecuador.

• Automation: Tianjin Port - Tianjin is one of the most innovative terminals in the area of automation and approaches the challenge of automation from a unique perspective. Tianjin converted a manned yard into an automated yard and has experimented in the horizontal transport space with auto trucks. In addition to equipment automation, they implemented process automation, and now the port has built a fully automated terminal with a parallel layout in their Terminal C and they did so in record time.

• Dynamic Solution in the Pandemic: Haifa Port - To contend with supply demands, infrastructure challenges and the potential for increased cargo volumes as a result of the pandemic, Haifa Port sought a comprehensive solution and approach to improving cargo movement and traffic management on site. It had three planned projects with Navis: 1) move from multi-facility structure to single facility, 2) implement PRT, and 3) significant version upgrade for N4. Following the global shutdown, the port decided to continue its plans, opting for remote support and through impeccable coordination and communication, it successfully completed all aspects of its project both on time and on budget.

• Digital Transformation: APM Terminals Tangier - APM Terminals Tangier is a key terminal in APMT’s hub terminals, with direct services to 170 ports in 67 countries all around the world. APM Terminals Tangier is working on a radical change of its traditional way of working, in order to minimize the time for mainliners and feeders in the terminal. The terminal optimized its work processes, reducing wait times and lowering congestion at the terminal. Through the implementation of TPS principles, productivity levels increased. Using less resources, it was able to reach maximum performance in its TC1 operations.

Individual Achievement Award Winners: This award recognizes Navis customer heroes who are change drivers at their organizations and in the industry. This year’s first winner, Joe Schofield, Chief Operations Officer at the Port of Tanjung Pelepas (PTP), has driven the adoption of disruptive digital solutions at his terminal and pushes his organization, Navis and the whole industry to creatively increase collaboration across stakeholders. The second winner, Dayu Zhang, Executive Director and Managing Director of COSCO Shipping and Ports, has pushed for standardization of the TOS across COSCO terminals to achieve operational excellence, high performance and cargo visibility.

For more information and to register for Navis Connect 2021, visit navisconnect.navis.com.

About Navis, LP
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.

Jennifer Grinold
Navis, LLC
T+1 510 267 5002
This email address is being protected from spambots. You need JavaScript enabled to view it.

Anna Patrick
Gregory FCA
T+1 212 398 9680
This email address is being protected from spambots. You need JavaScript enabled to view it.

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today reported its third quarter 2021 financial results.

Key Business Highlights

• Announced the addition of Secretary Elaine Chao and Mary Gustanski to the Hyliion Board of Directors

• Secured a 40-unit reservation from Mone Transport and partnered with GreenPath Logistics for the initial controlled fleet trials of the Hypertruck ERX

• Unveiled new Hypertruck ERX showcase unit at ACT Expo, generating strong fleet, industry and regulatory interest

• Launched improved Hybrid powertrain solution called “Hybrid eX” and expect to begin recognizing revenue on these units in the fourth quarter of 2021

• Initiating the Hypertruck ERX Roadshow, beginning at Wegmans headquarters on November 10^th, to allow fleets to experience the flagship product firsthand

• Supply chain shortages and long lead times for components, coupled with the required development, testing and validation of the Hypertruck ERX, are impacting the commercialization timeline

Executive Commentary

Thomas Healy, Hyliion’s Founder and Chief Executive Officer, said, “After a first half of the year filled with rapid progress and growth for Hyliion, our team continues to build on this momentum as evidenced by the commercial launch of our Hybrid eX powertrain and accomplishment of some major milestones in our Hypertruck ERX Multi-Phase Development Program.”

"Today we begin our Hypertruck ERX Roadshow at the headquarters of Wegmans Food Markets, one of our Hypertruck Innovation Council Members, with a two-day showcase event focused on demonstrating the features and benefits of the powertrain firsthand. As we continue providing these showcases to our Hypertruck Innovation Council Members and other interested fleets, we expect to see a continued increase in the customer interest that we have already been receiving.”

Board of Directors Expansion

Hyliion elected to expand the size of its board of directors from seven to nine members, adding Secretary Elaine Chao and Mary Gustanski.

Secretary Elaine Chao is a highly experienced leader of large public, private and non-profit organizations. Secretary Chao brings an invaluable perspective on global competitiveness, workforce development, trends in governmental policies, and corporate governance. While Secretary of Transportation, she advanced an agenda of American innovation in building the transportation system of the future. During her time at the Department of Labor, she focused on increasing the competitiveness of America’s workforce in the global economy.

Mary Gustanski has spent her nearly 40-year career bringing new technology to market in the ever-evolving automotive industry, with an emphasis on the development and commercialization of innovative solutions. As Senior Vice President and Chief Technology Officer of Delphi Technologies—formerly Delphi Automotive—she was responsible for the company’s global technology production, including advanced propulsion systems for future vehicle electrification.

Hypertruck ERX Fleet Update

Hyliion has secured a 40-unit reservation for the Hypertruck ERX from Mone Transport, a Texas-based carrier company, who is also an early adopter of the Hyliion Hybrid solution. Mone Transport believes the future of trucking is sustainable, but as part of their business model, their trucks need to travel hundreds of miles every day, which is where the Hypertruck ERX can offer a low-cost, low-emission and long-range electric solution. The purchase and sale of the 40 Hypertruck ERX units is subject to the execution of a final agreement between Hyliion and Mone Transport.

The unveiling of the Hypertruck ERX showcase unit at the ACT Expo on August 31, 2021, marked the start of a robust marketing program for this flagship product. Hyliion received overwhelmingly positive feedback from fleets and suppliers that were able to see this solution up close for the first time. Shortly after the tradeshow, Hyliion showcased the vehicle with the oil and gas industry at the Daniel Energy Partners’ event in Odessa, Texas.

In October, Hyliion executed on a select number of ‘ride along’ events with the Hypertruck ERX at its headquarters in Austin, Texas. One participant was the CEO of GreenPath Logistics, a member of the Hypertruck Innovation Council. After a very positive experience of riding in the Hypertruck ERX, GreenPath Logistics requested to further collaborate with Hyliion and begin initial deployments of controlled fleet trials in their operations. With GreenPath located in Dallas, Texas, Hyliion’s team will be able to closely monitor these trucks to ensure strong vehicle performance as fleet trials begin.

Today, Hyliion is embarking on another critical milestone with the kickoff of its Hypertruck ERX Roadshow. This program begins with the first stop at the Wegmans Food Markets headquarters in Rochester, NY. These events will consist of ride-alongs and in-depth product education. Hyliion plans to host another larger showcase event at its Austin, Texas headquarters in early December along with other future events to allow more Hypertruck Innovation Council members and additional interested fleets to experience the Hypertruck ERX firsthand.

Hypertruck ERX Timing Update

While Hyliion recently achieved critical product milestones, supply chain challenges and enhancements to the Multi-Phase Development Program have led to an extension in the go-forward development timeline. Similar to others in the automotive industry, the shortage of semiconductors, as well as several other key components, is extending the Company’s timelines longer than expected. These supply chain challenges have been especially prominent in the trucking industry, and one of the impacts has been significantly extended lead times for ordering new trucks. Fleets are experiencing lead times on new truck purchases that extend out for delivery into 2023. Hyliion has already placed orders for all vehicles needed in 2022 and is working to secure build slots for the 2023 calendar year in an effort to mitigate further supply chain impacts to Hyliion’s updated Hypertruck ERX development schedule. In addition, the Multi-Phase Development Program timeline has been extended to allow for design verification and additional testing inclusive of critical summer and winter seasons, as well as the accumulation of up to one million miles prior to production.

Hyliion expects to complete design verification and initial controlled fleet trials, as mentioned above, by the end of 2022. This will then be followed by additional key milestones including additional fleet trials, incorporating any of the learnings from validation into the finalized design, and obtaining final regulatory approvals prior to the start of production. Hyliion continues to work closely with its current supply base to improve delivery of components for the quarters ahead and is diligently seeking alternative sources of supply for components that meet its technical specifications with shorter lead times.

Commercial Hybrid eX Launch and Sales Update

Hyliion officially launched its commercial Hybrid eX powertrain solution on August 31, 2021, at the ACT Expo in Long Beach, CA. Compared to previous Hyliion Hybrid systems, the Hybrid eX offers fleets a lighter solution that is easier to install, service and operate. The Hybrid eX draws upon the real-world feedback Hyliion has received from customers and the millions of miles logged with the previous system.

Hyliion recently delivered its first Hybrid eX system to Werner Enterprises, a Hypertruck Innovation Council member and new Hybrid eX customer. As previously announced, due to shortages of various components caused by global supply chain disruptions, Hyliion is experiencing longer delivery times to customers which is causing some of Hyliion’s deliveries to be delayed into early 2022. In addition, the Company is assessing the potential demand impact for its Hybrid eX product offering in light of recent changes within the competitive landscape.

Financial Highlights and Operating Expense Guidance

Hyliion ended the third quarter 2021 with over $588 million available to fund its current commercialization plans for its Hybrid eX and Hypertruck ERX powertrains. This is divided into $289.5 million in cash and cash equivalents on its balance sheet, short-term investments of $144.5 million and long-term investments of $155.0 million.

Hyliion expects to begin recognizing revenue on its Hybrid eX deliveries in the fourth quarter of 2021, achieving the target outlined on the second quarter 2021 earnings call.

For the first three quarters of 2021, Hyliion’s operating expenses totaled $67.0 million, and Hyliion now expects full year 2021 operating expenses to range between $110 million and $120 million, a reduction compared to previously disclosed guidance range of $130 million to $140 million, due primarily to timing delays of truck chassis purchases for development purposes.

Third Quarter 2021 Conference Call

Hyliion will host a conference call and webcast for investors and other interested parties to review its third quarter 2021 financial results on Wednesday, Nov. 10, 2021 at 11:00 a.m. Eastern Time. A live webcast of the call, as well as an archived replay following, will be available online on the Investor Relations section of Hyliion’s website. Those wishing to participate can access the call using the links below:

Conference Call Online Registration: http://www.directeventreg.com/registration/event/2279822

Webcast: https://investors.hyliion.com/events-and-presentations/default.aspx

Third quarter 2021 financial results for Hyliion Holdings Corp. (f/k/a Tortoise Acquisition Corp.) on a consolidated basis will also be filed with the SEC on Form 10-Q.

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Forward Looking Statements

The information in this press release includes “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 present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2021 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX, the ability to meet 2021 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K/A filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021 for the year ended December 31, 2020. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Hyliion Holdings Corp.
Investor Contact
Louis Baltimore
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact
Ryann Malone
This email address is being protected from spambots. You need JavaScript enabled to view it.
(833) 495-4466

Offerings to provide significant time and cost benefits for the energy and process industries

REDWOOD CITY, Calif. & THE HAGUE, Netherlands--(BUSINESS WIRE)--C3 AI (NYSE:AI) and Shell (NYSE:RDS) today announced three new Shell products that will be available through the Open AI Initiative (OAI), an open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.

The OAI, launched by C3 AI, Shell, Baker Hughes and Microsoft in February 2021, provides an open framework for energy operators, service & equipment providers, and independent software vendors to offer interoperable solutions, powered by the BHC3 AI Suite and Microsoft Azure. The three new OAI products – Shell Process Optimiser for LNG, Shell Corrosion Advanced Risk Modelling and Analytics, and Shell Autonomous Integrity Recognition – target use cases that will solve key challenges for businesses in the energy industry. By using Shell’s proven domain-specific AI applications built on BHC3’s scalable AI application development platform and SaaS applications, businesses can rapidly move past data discovery and cleaning to application deployment and realization of value in critical business areas.

Details on the new offerings are outlined below:

• Shell Process Optimiser for LNG – The application marries state-of-the-art LNG process engineering and technology with data analytics to enhance asset production by helping asset engineers close the gap between current and optimal production (“gap to potential”) by changing key identified operating conditions as optimization levers. The application integrates sensor information, such as pressure, temperature, and flow rate to calculate the optimum setting using custom-built asset machine learning models. It reveals unknown correlations and sweet spots, and derives the best suitable strategies as optimization know-how. The application, capable of handling operational, economic, and engineering constraints, Shell Process Optimiser for LNG generates actionable insights that can be integrated and brought into the continuous closed loop process control layer for sustained benefits realisation.

• Shell Corrosion Advanced Risk Modelling and Analytics – The application makes use of novel data analytics techniques to predict internal corrosion and erosion to better prioritize and target inspection and maintenance activities. By using a variety of collected site data, and with the help of artificial intelligence, the software provides new insights to predict corrosion and erosion and identify degradation before leaks happen. By using this solution, operators can lower inspection costs and HSSE risk, minimise cost of related leaks, and safely push production to the limit. Additionally, Shell Corrosion Advanced Risk Modelling and Analytics reduces the need for manual, tedious field inspections, resulting in significant time and cost savings.

• Shell Autonomous Integrity Recognition – The application allows inspectors to quickly and easily make use of automated image capture and evaluation to support execution of external integrity inspections. By processing data in the cloud coming from inspections carried out with handheld devices, drones and robots, the solution enables inspectors to objectively evaluate issues, identify items that have been overlooked, reduce the time needed at the desk generating reports, and improve inputs to maintenance planning. Shell Autonomous Integrity Recognition application allows users to identify and classify external corrosion and insulation issues with Machine Vision to reduce leakages. By using this, users can improve the quality, efficiency, and standardization of visual inspections.

These products expand the portfolio of solutions available to OAI subscribers and help accelerate the adoption of enterprise AI in the energy and process industries.

“Previously, there was no framework for Oil and Gas operators to subscribe to proven AI and advanced analytic solutions offered by other operators,” said C3 AI CEO Thomas M. Siebel. “By bringing more solutions built on the BHC3 AI Suite to the OAI, Shell is demonstrating market leadership and establishing the OAI as a one-of-a-kind model of collaboration.”

These applications also broaden the focus areas of the OAI offerings from asset and system reliability to facility and plant optimization and asset integrity, adding to an expanding portfolio of highly differentiated, domain-specific and proven AI applications and modules that are interoperable. These applications can be deployed together to realize business value and create scalable, futureproof reference architectures.

“The products announced today have already been deployed at Shell and have been proven to either create operational efficiencies and savings or generate additional revenue and opportunity,” said Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell. “As more products are added to the growing OAI eco-system, we look forward to working with C3 AI, Baker Hughes, and the other ecosystem partners to build the next-generation platform for the future energy system.”

About C3.ai, Inc.
C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI^® delivers a family of fully integrated products: C3 AI^® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at: www.c3.ai.

About Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales‚ has its headquarters in The Hague and is listed on the London‚ Amsterdam‚ and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this document “Shell” is sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general.

C3 AI Public Relations
Edelman
Lisa Kennedy
415-914-8336
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

Shell Media Relations
Laura van Lingen
+31 (0)70 377 8750
This email address is being protected from spambots. You need JavaScript enabled to view it.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Loop Energy (TSX: LPEN), a developer and manufacturer of hydrogen fuel cell solutions, is pleased to announce Damian Towns will join the company as Chief Financial Officer on November 15, 2021.

Mr. Towns joins Loop Energy from Photon Control, a Richmond, BC-based optical sensors supplier to the world's largest semi-conductor OEMs. As the Chief Financial Officer and Corporate Secretary, Mr. Towns guided Photon's exponential growth and maximized shareholder revenue through its recent acquisition. He brings deep expertise and technical knowledge in corporate finance, financial planning, accounting, governance, and investor relations. Loop Energy is also excited to draw on Mr. Towns' strategic and financial experience managing organizations with manufacturing operations and research & development activities.

Mr. Towns brings over 25 years of experience in progressive and rapid-growth companies, spending 15 years leading organizations at the executive level. Prior to his role at Photon Control, Mr. Towns served as an Executive Director, CFO and Corporate Secretary at Liberty Defense (TSXV: SCAN), a technology company that provides Active 3D Imaging and AI software to address security challenges. His career also includes over 12 years as CFO and Corporate Secretary at Marimaca Copper (TSX: MARI), formerly Coro Mining. Mr. Towns holds both CPA and CA designations, along with a First-Class Honours degree in accounting and finance from the University of Otago, New Zealand.

The arrival of Mr. Towns continues to strengthen Loop Energy as a leader in hydrogen fuel cell technology. With significant international experience in high-growth companies, he is well-positioned to provide strategic oversight as Loop enters new markets and expands its global footprint. Mr. Towns will also oversee investor relations initiatives.

"I am excited to be joining Loop Energy's world-class team and to augment the existing leadership team already in place," said Damian Towns. "Hydrogen fuel cells have an increasingly important role to play in reducing global carbon emissions and supporting the clean energy transition. l believe Loop's technology, innovation and performance will place it at the forefront of the electrification industry growth curve."

"Damian's experience scaling progressive companies both internationality and in North America will be an important addition as Loop continues to expand in various markets," said Ben Nyland, President & Chief Executive Officer at Loop Energy. "We believe Damian is a tremendous hire and one that will bring strategic value to our executive team as we continue to grow."

About Loop Energy Inc.

Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including, light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop's products feature the Company's proprietary eFlow™ technology in the fuel cell stack's bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management's current expectations and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward-looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under "Risk Factors" in the Company's Annual Information Form dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.

Loop Energy Media Contact: Ethan Hugh | Tel: +1.604.222.3400 x 304 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Loop Energy Business Contact: George Rubin | Tel: +1.604.828.8185 | This email address is being protected from spambots. You need JavaScript enabled to view it.

PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) awarded the Company a five-year, $22 million, single-award global contract to improve sustainable water, sanitation, and hygiene (WASH) and promote climate-resilient water resource management (WRM).

Tetra Tech’s team of water and sanitation experts and researchers will provide technical services to support the USAID Urban Resilience by Building partnerships and Applying New evidence in WASH (URBAN WASH) program. Our teams will generate evidence for more impactful, sustainable, equitable, and climate-resilient WASH and WRM policy and programming in urban and peri-urban areas as well as support high-impact WASH and WRM interventions through collaboration with researchers, the private sector, civil society groups, government bodies, and multilateral institutions.

“Climate change poses significant challenges to provide safe and reliable water supplies for communities,” said Dan Batrack, Tetra Tech Chairman and CEO. “Tetra Tech has supported USAID to improve sustainable and equitable access to water and sanitation in developing countries for more than 40 years and we look forward to continuing to support USAID to enhance access to reliable water and sanitation services in urban settings worldwide.”

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science^® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844

KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced financial results for the third quarter, ended September 30, 2021.

Third Quarter 2021 and Recent Highlights

• Reported consolidated revenue of $37.0 million for the three months ended September 30, 2021 including a nonrecurring $2.2 million pipeline measurement gain.
• Average transported crude oil volumes increased 1.6% from second quarter.
• Declared a third quarter 2021 Common Stock dividend of $0.05 per share and a 7.375% Series A Cumulative Redeemable Preferred Stock dividend of $0.4609375 per depositary share. Both dividends will be paid on November 30, 2021, to stockholders of record on November 16, 2021.

Management Commentary

“Production volumes improved slightly in the third quarter, as did volumes transported on Crimson's pipelines, but remained below pre-COVID levels primarily due to permitting constraints in California and producers electing to return capital to stakeholders,” said Dave Schulte, Chief Executive Officer. “Since the crude production rebound and additional commercial opportunities did not materialize as quickly as anticipated, management is reducing our outlook for the back half of 2021 but believe we will continue to earn and pay our $0.20 annualized common dividend. When these constraints are relaxed, current crude prices make underlying production economics attractive, potentially leading to additional volume growth.”

“As a result of the shareholder vote, a substantial portion of the equity used in the Crimson and internalization transactions is held by management and subordinated to our common shares, demonstrating our confidence in the long-term financial performance of the business. We believe that CorEnergy has become an industry leading platform to own infrastructure assets, including energy transition opportunities, providing stockholders with dividend stability and prospects for modest long-term growth.”

Third Quarter Performance Summary

Third quarter 2021 reflects full impact of the activity from Crimson. Third quarter financial highlights are as follows:

¹ Adjusted Net Income excludes special items of $213 thousand which are transaction costs; however CAD has not been so adjusted. Reconciliations of Adjusted Net Income and CAD, as presented, to Net Income (Loss) and Net Cash Provided by Operating Activities are included at the end of this press release. See Note 1 below for additional information.

² Adjusted EBITDA excludes special items of $213 thousand which are transaction costs. Reconciliation of Adjusted EBITDA, as presented, to Net Income (Loss) is included at the end of this press release. See Note 2 below for additional information.

³ Our third quarter results include a $2.2 million pipeline measurement gain which is not recurring. Over time, we expect the measurement gains and losses to cancel out.

Business Development Activities

CorEnergy maintains an active pipeline of business development opportunities, including traditional infrastructure and potential-alternative uses for its rights of way. The Company closely evaluates potential opportunities to ensure alignment with REIT qualifying business activities. CorEnergy has identified multiple opportunities for negotiated transactions that could expand the Company's market reach or REIT qualifying revenue sources. The Company will continue to prudently advance these opportunities.

Outlook

We have reduced our previously provided outlook for the second half of 2021 to annualized EBITDA of $42-44 million (excluding the $2.2 million nonrecurring measurement gain) as a result of current market conditions, including natural gas cost for heating, plus the impact of the pipeline shut-in due to the off-shore oil spill in California. The Company expects to provide its 2022 outlook no later than in connection with the filing of its Form 10-K for 2021.

Dividend and Distribution Declarations

The Company currently expects all of its 2021 Common Stock and Preferred Stock dividends will be characterized as Return of Capital for tax purposes.

Common Stock: A third quarter 2021 dividend of $0.05 per share was declared for CorEnergy's common stock. The dividend will be paid on November 30, 2021, to stockholders of record on November 16, 2021.

Preferred Stock: For the Company's 7.375% Series A Cumulative Redeemable Preferred Stock, a cash dividend of $0.4609375 per depositary share was declared. The preferred stock dividend, which equates to an annual dividend payment of $1.84375 per depositary share, will be paid on November 30, 2021, to stockholders of record on November 16, 2021.

Class A-1 Units: Pursuant to the terms of the Crimson transaction, the holders of Crimson Class A-1 Units received a cash distribution of $0.4609375 per unit based on the Company’s declared Series A Preferred dividend.

Class A-2 and Class A-3 Units: Pursuant to the terms of the Crimson transaction, the holders of Crimson Class A-2 and Class A-3 Units did not receive a cash distribution this quarter, since no dividend was declared on the underlying Class B Common Stock.

Third Quarter Results Call

CorEnergy will host a conference call on Tuesday, November 9, 2021 at 10:00 a.m. Central Time to discuss its financial results. Please dial into the call at +1-201-689-8035 at least five minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be accessible at corenergy.reit.

A replay of the call will be available until 10:00 a.m. Central Time on December 9, 2021, by dialing +1-919-882-2331. The Conference ID is 40743. A webcast replay of the conference call will also be available on the Company’s website, corenergy.reit.

About CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way. For more information, please visit corenergy.reit.

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 CorEnergy believes 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, among others, failure to realize the anticipated benefits of the Crimson transaction; the risk that CPUC approval is not obtained, is delayed or is subject to unanticipated conditions that could adversely affect CorEnergy or the expected benefits of the Crimson transaction; risks related to the uncertainty of the projected financial information with respect to Crimson, and those factors discussed in CorEnergy’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, CorEnergy does not assume a duty to update any forward-looking statement. In particular, any distribution paid in the future to our stockholders will depend on the actual performance of CorEnergy, its costs of leverage and other operating expenses and will be subject to the approval of CorEnergy’s Board of Directors and compliance with leverage covenants.

Notes

¹ Management uses CAD as a measure of long-term sustainable performance. Adjusted Net Income and CAD are non-GAAP measures. Adjusted Net Income represents net income (loss) adjusted for gain on sale of equipment and transaction-related costs. CAD represents Adjusted Net Income adjusted for depreciation, amortization and ARO accretion (cash flows) and deferred tax expense (benefit) less transaction costs; maintenance capital expenditures; preferred dividend requirements and mandatory debt amortization. Reconciliations of Adjusted Net Income and CAD to Net Income (Loss) and Net Cash Provided By Operating Activities are included in the additional financial information attached to this press release.

² Management uses Adjusted EBITDA as a measure of operating performance. Adjusted EBITDA represents net income (loss) adjusted for items such as gain on sale of equipment; and transaction-related costs. Adjusted EBITDA is further adjusted for depreciation, amortization and ARO accretion expense; income tax expense (benefit) and interest expense. The reconciliation of Adjusted EBITDA to Net Income (Loss) is included in the additional financial information attached to this press release.

Non-GAAP Financial Measurements (Unaudited)

The following table presents a reconciliation of Net Income (Loss), as reported in the Consolidated Statements of Operations, to Adjusted Net Income (Loss) and CAD:

The following table reconciles net cash provided by operating activities, as reported in the Consolidated Statements of Cash Flows to CAD:

The following table presents a reconciliation of Net Income (Loss), as reported in the Consolidated Statements of Operations, to Adjusted EBITDA:

Source: CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc.
Investor Relations
Debbie Hagen or Matt Kreps
877-699-CORR (2677)
This email address is being protected from spambots. You need JavaScript enabled to view it.

Bringing complementary solutions to the growing ecosystem, Kongsberg Digital and MathWorks will help further transform the energy industry

THE HAGUE, Netherlands & REDWOOD CITY, Calif. & KONGSBERG, Norway & NATICK, Mass.--(BUSINESS WIRE)--Shell (NYSE:RDS) and C3 AI (NYSE:AI) today announced that Kongsberg Digital and MathWorks will join the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.

The OAI was launched by C3 AI, Shell, Baker Hughes, and Microsoft in February 2021. As the first independent software vendors to join the OAI, Kongsberg Digital and MathWorks will offer solutions that complement current offerings and help further transform the energy industry. Kongsberg Digital provides next-generation software and digital solutions to customers in maritime, oil and gas, and utilities, helping increase safety, reduce costs, and save time on land, underwater, and offshore.

MathWorks is the leading developer of mathematical computing software, and its MATLAB and Simulink platforms are widely used to accelerate discovery, innovation, and development in engineering and science. Select solutions built on the Kongsberg Digital or MathWorks platforms are expected to be available through the OAI beginning in 2022. These offerings will be interoperable with existing OAI solutions delivered by OAI founding members. Trials are underway at Shell to demonstrate the business value of these integrated offerings.

The details of the upcoming solutions from Kongsberg Digital and MathWorks are outlined below:

• Kongsberg Digital: Kognitwin Energy is a dynamic digital twin that delivers a rich framework for advanced digitalization and analytics, including a range of customizable solutions. It can support business goals by improving cross-functional collaboration, reducing OpEx by enabling advanced levels of remote work, increasing data-driven decision making, increasing decision automation, and accelerating innovation. Kognitwin Energy will allow customers to visualize BHC3 Reliability insights, enabling them to view facility hierarchies in a live digital twin, leverage advanced ML models to predict equipment and asset failure, and ultimately reduce unplanned downtime and deferment costs.

• MathWorks: MATLAB Production Server lets users operationalize their MATLAB and Simulink analytics, models, and simulations for chemical process monitoring and optimization, geophysical data analysis, AI modeling, commodity trading, and other applications in large-scale production to maximize their business value across the enterprise. MATLAB Production Server will deliver the opportunity to integrate production-ready MATLAB and Simulink applications into operations powered by the BHC3 AI Suite. Combining the BHC3 AI Suite with MATLAB Production Server will extend the ability to deploy MATLAB and Simulink models at scale. One such example is an application that assesses the level of CO₂ emitted above ground and ensures that it remains below the government-required thresholds. Interoperability of this MATLAB based application is a key step for future sustainability solutions on OAI.

“Still in its first year, the OAI is making exceptional progress towards helping the energy industry embrace new technologies and ensure climate security,” said C3 AI CEO Thomas M. Siebel. “Welcoming Kongsberg Digital and MathWorks into our ecosystem of global leaders today is a significant step in driving cleaner energy and climate initiatives through enterprise AI.”

“Kongsberg Digital is excited to be among the first software vendors to join OAI and collaborate with others to take the energy industry forward,” said Hege Skryseth, President of Kongsberg Digital and EVP at KONGSBERG. “By integrating our solutions with companies at the forefront of digital technology and AI, we provide a tool that will help energy providers predict failures, reduce costs, and stay operational. We are excited to collaborate and innovate through the Open AI Energy Initiative to deliver solutions that enable more sustainable operations for the energy industry.”

“Enabling energy providers to monitor gas emissions for regulatory compliance is one of many applications powered by MATLAB that can become an important part of the OAI’s growing lineup of solutions to advance climate security and provide value-added services,” said Jim Tung, MathWorks Fellow. “We’re proud to join the OAI early on its journey to transform the energy industry, and we look forward to working together to bring new innovations forward.”

“The Open AI Energy Initiative was always intended to be an eco-system of partners who work together to develop the digital energy platform of the future,” said Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell. “We are delighted to integrate MathWorks and Kongsberg Digital’s capabilities into this eco-system. At Shell we are already deploying their technologies and we expect their impact to grow in the coming years.”

“Meeting the needs of today’s energy industry requires an eco-system of equipment providers, domain experts, and industrial software for energy operations,” said Dan Brennan, Vice President and General Manager of BakerHughesC3.ai at Baker Hughes. “The Open AI Energy Initiative (OAI) provides an opportunity for domain-specific solutions to utilize leading AI and advanced software capabilities for energy operators, helping the industry adopt AI at pace and scale to deliver critical operational efficiencies and emissions reductions targets.”

Learn more about the Open AI Energy Initiative and its reliability solutions at https://bakerhughesc3.ai/products/bhc3-oai/

About C3.ai, Inc.

C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI^® delivers a family of fully integrated products: C3 AI^® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at: www.c3.ai.

About Kongsberg Digital

Kongsberg Digital, a subsidiary of KONGSBERG, is a provider of next-generation software and digital solutions, to customers within maritime, oil and gas, and renewables and utilities. The company consists of more than 500 software experts with leading competence within the internet of things, smart data, artificial intelligence, maritime simulation, automation and autonomous operations. Kongsberg Digital is the group-wide center of digital expertise for the KONGSBERG group.

About Kongsberg

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 25.6bn in 2020.

About MathWorks

MathWorks is the leading developer of mathematical computing software. MATLAB, the language of engineers and scientists, is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a block diagram environment for simulation and Model-Based Design of multidomain and embedded engineering systems. Engineers and scientists worldwide rely on these products to accelerate the pace of discovery, innovation, and development in automotive, aerospace, communications, electronics, industrial automation, and other industries. MATLAB and Simulink are also fundamental teaching and research tools in the world’s universities and learning institutions. Founded in 1984, MathWorks employs more than 5000 people in 16 countries, with headquarters in Natick, Massachusetts, USA. For additional information, visit mathworks.com.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales‚ has its headquarters in The Hague and is listed on the London‚ Amsterdam‚ and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing‚ marketing and shipping of oil products and chemicals and renewable energy projects. For further information‚ visit www.shell.com.

C3 AI Public Relations
Edelman
Lisa Kennedy
415-914-8336
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

Shell Media Relations
Laura van Lingen
+31 (0)70 377 8750
This email address is being protected from spambots. You need JavaScript enabled to view it.

• Investment will advance development of a novel methane pyrolysis technology platform to produce cleaner and lower cost turquoise hydrogen
• Compared to the traditional steam methane reforming process used for producing industrial scale hydrogen, Ekona’s novel methane pyrolysis process can produce hydrogen with drastically lower carbon dioxide emissions
• Technology applicable for multiple markets including refineries, ammonia or chemical plants, as well as natural gas transmission and distribution companies looking to reduce their GHG emissions footprint

HOUSTON & VANCOUVER, British Columbia--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR), an energy technology company, has announced an investment in Ekona Power Inc., a growth stage company developing novel turquoise hydrogen production technology. Through its investment, Baker Hughes will enhance its broader hydrogen and natural gas decarbonization solutions portfolio, further contributing to the energy transition.

Turquoise hydrogen is made from methane using pyrolysis, also known as splitting, or cracking. Ekona’s methane pyrolysis solution uses combustion and high-speed gas dynamics in a reactor to separate feedstock methane into hydrogen and solid carbon, drastically reducing carbon dioxide emissions versus the traditional and prevalent steam methane reforming process. The innovative solution is designed to easily integrate with standard equipment for natural gas and hydrogen applications including carbon separation and hydrogen purification, thus simplifying industrial process integration.

The two companies will join efforts to accelerate the scale up and industrialization of the technology by identifying suitable pilot projects and leveraging Baker Hughes’ leading turbomachinery portfolio as well as established technical expertise in providing modular and scalable solutions for global hydrogen and natural gas projects.

“This strategic investment further demonstrates our commitment to advancing new energy frontiers by accelerating the pace at which novel technologies are being brought to market,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “Ekona Power’s methane pyrolysis platform for the production of cleaner and lower cost turquoise hydrogen builds on our growing and diverse portfolio of decarbonization technologies, including blue and green hydrogen, CCUS and emissions management solutions. Through the adoption of this technology, the industry can leverage existing and abundant natural gas reserves to produce lower carbon hydrogen and accelerate its use across the energy value chain.”

“At Ekona, we are deeply committed to delivering cleaner energy solutions that cost-effectively address industry pain points. Our innovative technology has the potential to produce hydrogen at costs on par with conventional steam methane reformers, while drastically reducing greenhouse gas emissions. In addition, our solution isn’t reliant on CO2 sequestration, so it has the potential to be quickly and broadly deployed across various industries and market regions,” Chris Reid, chief executive officer of Ekona Power Inc. “This important investment from Baker Hughes who is an established global player is a key step to commercializing our technology.”

Baker Hughes will take an approximately 20% stake in Ekona to help advance new project development and commercialization. Baker Hughes will also assume a seat on Ekona’s Board of Directors. Fort Capital Partners acted as advisors to Ekona Power. Along with lead investor Baker Hughes, Ekona has been supported by numerous Canadian Federal and Provincial partners, including the BC Innovative Clean Energy (ICE) Fund, National Research Council (NRC), Natural Resources Canada (NRCan) Breakthrough Energy Solutions Canada (BESC) Program, Emissions Reduction Alberta (ERA), the Natural Gas Innovation Fund (NGIF) and Pacific Economic Development Canada. In addition, BDC Capital’s Cleantech Practice invested in 2020 to help fund Ekona’s technology development program.

About Baker Hughes:

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

About Ekona Power Inc.

Ekona is a Vancouver-based venture established by Evok Innovations and Innovative Breakthrough Energy Technologies. Ekona is developing a revolutionary technology that transforms the way we produce clean hydrogen. Our solution is an innovative and low-cost methane pyrolysis platform that converts natural gas into hydrogen and solid carbon, virtually eliminating greenhouse gas emissions. Visit us at ekonapower.com

For Baker Hughes:
Media Relations
Stephanie Price
+1 281 605 8399
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
Jud Bailey
+1 281-809-9088
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Ekona Power Inc.:
Anuneet Makan
This email address is being protected from spambots. You need JavaScript enabled to view it.
+ 1 604-339-6671

Partnership Allows Multi-Unit Properties to Drive Property Engagement Through Sustainability; Simplifies EV Charger Installation and Driver Experience

IRVINE, Calif. & NEW YORK--(BUSINESS WIRE)--EVPassport, the EV charging hardware and software platform for purpose-driven organizations, today announced a partnership with Qmerit, a leader in green energy transformation with the largest nationwide network of certified electrical installers for EV charging. Through the partnership, Qmerit’s network of contractors provide installation services and support of EVPassport chargers at multi-unit dwelling (MUD) locations, delivering a frictionless, end-to-end EV charging experience.

“Expanding our apartment and multi-unit business is a top priority,” said Tom Bowen, President of Qmerit Solutions, Qmerit. “We’re dedicated to providing customers with turnkey EV charger installations and electrical support, but that’s only half the battle. That same experience must extend to property residents and guests while charging EVs. By partnering with EVPassport, we’re providing the most seamless experience — for properties and residents — from installation to charge.”

Industry research shows that 59% of multi-unit residents will pay more to live in a green or sustainable community. The partnership allows properties to accelerate EV charging adoption by leveraging Qmerit’s skilled technicians and national network of utility partners to provide the necessary electrical capacity for EV charging and install EVPassport chargers.

Built around the ability to scan a QR code, pay and go, EVPassport’s API-driven platform and flexible pricing model deliver a seamless, pay-as-you-go charging experience, without requiring drivers to download an additional app or create a separate provider account. The company’s robust APIs allow properties to integrate live EVPassport chargers directly into existing software platforms — providing a branded charging experience that is compatible with any vehicle. To deliver a true end-to-end service, Qmerit and EVPassport assist property owners through government-backed rebate and incentive programs for installing EV chargers.

“Multi-unit properties understand the value of adopting EV charging and providing guests with a frictionless charging experience, but it can be a difficult, fragmented process,” said Hooman Shahidi, President, EVPassport. “Together with Qmerit, we’re providing a joint offering that makes it effortless from start to finish. We look forward to working together to allow properties to realize their sustainability goals and drive engagement.”

About Qmerit

Qmerit, headquartered in Irvine, California, simplifies the adoption of electrification products for residential and small business markets. A leader in green energy transformation, the company provides value-driven services throughout the renewable energy equipment implementation lifecycle. This is delivered through Qmerit’s network of company owned contractors, independent Certified Solutions Partners and Certified Installers, who are skilled in system implementation and integration as well as ongoing support and maintenance. Combining this nation-wide network of certified electrical contractors with the company’s purpose-built digital managed services platform and white-glove concierge services, Qmerit delivers customers an unmatched quality experience related to electric vehicle charging stations, battery storage systems, solar system integration and microgrid solutions. For more information on Qmerit, please visit: Qmerit.com.

About EVPassport

EVPassport is the EV charging hardware and software platform for purpose-driven organizations. Brands committed to sustainability rely on EVPassport to provide their customers with the most seamless payment experience to charge any electric vehicle without requiring a separate app, account or a top-up balance. And EVPassport is the only platform that enhances customer engagement for these companies by providing custom branded hardware with API-powered software that easily integrates with their existing applications and services. For more information, follow EVPassport on Twitter (@EVPassport), Instagram (@EVPassport) and LinkedIn, or visit www.EVPassport.com.

Media Contact
Jake Schuster
fama PR for EVPassport
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Contact
Samantha Graham
Qmerit
This email address is being protected from spambots. You need JavaScript enabled to view it.

Kaizen Clean Energy Secures Investment To Fund the Manufacturing of Hydrogen Generators To Displace Aging & Unreliable Solutions For EV Charging, Hydrogen Distribution, & Microgrids

HOUSTON--(BUSINESS WIRE)--#cleanenergy--Kaizen Clean Energy (“KCE”), announced today it has secured funding to accelerate commercial deployment of its hydrogen generators for distributed Battery Electric Vehicle (EV) charging, hydrogen Fuel Cell Electric Vehicles (FCEVs) fueling and standby power generation in the United States.

The funding positions KCE to deliver hydrogen generators to its customers in the second half of 2022.

Eric Smith, Co-CEO & Chief Commercial Officer said, “Last week’s passing of the US Infrastructure Bill underscores the bipartisan need for a solution that provides clean, reliable, and affordable distributed energy. KCE’s Hydrogen Generators help our clients accelerate their Zero Emission Vehicle deployments without having to rely on aging electric grids and traditional hydrogen solutions that lack reliable supply, don’t scale, and require capital-intensive infrastructure. Our funding allows clients the ability to secure leases of KCE’s Hydrogen Generators to show the versatility and economic benefits of this proven technology.”

KCE’s Hydrogen Generator reforms methanol to deliver on-demand ISO Grade hydrogen at the point of use, eliminating the high cost of transporting and storing compressed or cryogenic hydrogen. Clients can leverage our hydrogen generators and existing methanol bunkering across the U.S. to lower their delivered cost of hydrogen and utilize growing renewable methanol production to scale their Carbon Intensity to meet their requirements.

Stanfield and Dupre, Kaizen Clean Energy’s General Counsel, supported the financial transaction.

About Kaizen Clean Energy:

Founded in 2021, KCE is a future fuels-focused company, headquartered in Houston, TX, specializing in the design, development, and manufacture of hydrogen generators for distributed power generation and hydrogen production.

For more information about Kaizen Clean Energy, please visit www.kaizencleanenergy.com.

Eric Smith
Co-CEO
Kaizen Clean Energy
Phone: +1.346.337.7788
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) will participate in the following virtual events for the financial community.

Baird's Virtual Global Industrial Conference
November 9, 2021

Coker & Palmer Virtual Bus Tour
November 30, 2021

Credit Suisse Inaugural Virtual Climate Symposium
December 6, 2021

2021 Wells Fargo Virtual Midstream, Utility & Renewables Symposium
December 8, 2021

BofA Virtual Hydrogen Conference
December 16, 2021

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

Investor Relations:
Ed Vallejo
+1 (267) 370-9717
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Relations:
Jennifer Duffourg
+1 (480) 341-5464
This email address is being protected from spambots. You need JavaScript enabled to view it.

Company commits to UN Global Compact and announces additional climate priorities

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford announced additional climate priorities today, including a commitment to invest $2.5 billion over the next five years in technologies, companies and funds, which are advancing the energy transition and addressing climate change. The company also became a signatory of the United Nations Global Compact, joining organizations worldwide to implement universal sustainability principles that advance societal goals.

“As a 211-year-old insurer and asset manager, we view the transition to a greener society as a business imperative, and we are doing our part,” said The Hartford’s Chairman and CEO Christopher Swift. “We are demonstrating our environmental commitment through our actions across the business, ranging from insurance solutions that encourage sustainable construction to investments by the company in renewable energy. We are proud of our progress and remain determined to use our resources responsibly to address the challenge of climate change.”

The Hartford is one of the first property-casualty insurance companies to sign onto the UN Global Compact, the world’s largest corporate sustainability initiative. The Global Compact brings together companies around the world to align strategies and operations with universal principles on human rights, labor, anti-corruption and the environment. For more on the organization’s mission of committing to sustainability and businesses sharing responsibility to achieve a better world, visit www.unglobalcompact.org.

As part of the new climate priorities, the company anticipates exiting all tar-sands investments by Dec. 31, 2021, two years before the commitment announced in The Hartford’s coal-and-tar-sands policy released in December 2019. Additionally, The Hartford expects to exit coal investment holdings specified in the coal-and-tar-sands policy by the end of 2023, as previously announced.

The Hartford met its goal of 100% renewable-energy-source consumption for its facilities in 2020 – 10 years before the self-imposed deadline – and will continue to maintain the company’s full-renewable status moving forward as a climate priority. Additionally, the company will continue to reduce select¹ Greenhouse Gas Emissions (GHGe), in order to achieve a previously stated goal to reduce GHGe by at least 2.1% each year for a total reduction of 46.2% by 2037 compared with the baseline year of 2015. For more information on the new climate priorities, visit https://www.thehartford.com/about-us/environment.

These new priorities are the latest in a series of The Hartford’s commitments to sustainability and environmental stewardship. The company first formalized a climate change statement in 2007 and has adapted the statement to align with the fifth Assessment of the Intergovernmental Panel on Climate Change (IPCC). The company published its first Task Force on Climate Related Financial Disclosure (TCFD) report in 2020 and its first Sustainability Accounting Standards Board (SASB) report in 2021. The Hartford also was recognized in the “Leadership” category by CDP, an organization to which The Hartford has reported its climate change efforts and practices for 15 years.

About The Hartford

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com. Follow us on Twitter at @TheHartford_PR.

The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.

HIG-C

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2020 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

From time to time, The Hartford may use its website and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com, Twitter account at www.twitter.com/TheHartford_PR and Facebook at https://facebook.com/thehartford. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.

¹ Scope 1 and Scope 2 emissions are direct from sources controlled or owned by an organization; Scope 3 emissions include indirect sources of GHGe. For more information, visit the U.S. Environmental Protection Agency’s Center for Corporate Climate Leadership.

Media:
Matthew Sturdevant
860-547-8664
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor :
Susan Spivak Bernstein
860-547-6233
This email address is being protected from spambots. You need JavaScript enabled to view it.

• Tezos, an energy-efficient blockchain has gained global acclaim as a platform of choice for artists looking to mint NFTs sustainably and responsibly.
• Humans + Machines: NFTs and the Ever-Evolving World of Art, will be on view from December 2–4, 2021, at Art Basel in Miami Beach 2021, and will explore questions about the role of human and machine in generative art and the new frontier of NFT art.
• The interactive experience lets visitors collaborate with an algorithm “embedded” in the space, designed by German artist Mario Klingemann, one of the pioneers of AI art, to create a type of generative self-portrait, which is then minted as a takeaway NFT artwork for attendees.
• The exhibition aims to raise awareness and invite audiences to understand the role of NFTs in the art world and beyond, and will also host a series of conversations with other NFT artists and figures from the community.

MIAMI BEACH, Fla.--(BUSINESS WIRE)--#artbasel--The growing world of generative and NFT art will be in the spotlight at this year’s Art Basel in Miami Beach – including a unique interactive NFT exhibition from Tezos, an energy-efficient blockchain. Titled Humans + Machines: NFTs and the Ever-Evolving World of Art (December 2–4, 2021), the experience will explore the new frontier of art, technology, and culture – and invites audiences to even create and mint their own NFTs on-site.

The space will feature a collection of artworks from some of the world’s leading generative and NFT artists, including Helena Sarin, Matt DesLauriers, Sutu (Stuart Campbell), and Iskra Velitchkova, among others. It will culminate in a unique experience by German artist Mario Klingemann, inviting attendees to engage and collaboratively generate a one-of-a-kind NFT takeaway that will be minted on the Tezos blockchain. The creation of the NFT will happen by physically interacting with the space, resulting in an abstract self-portrait work of art generated from a code designed by Klingemann.

The exhibition aims to raise awareness of the new dynamic that both NFTs and the ever-evolving world of generative art bring to the art world. The idea of collaboration between human and machine further emphasizes the role of creativity and what it means to be an active participant in the creation of art.

Klingemann, also known as Quasimondo, is considered one of the pioneers of AI art, neural networks, and machine learning. An artist who uses algorithms and artificial intelligence to create and investigate systems, he is particularly interested in human perception of art and creativity, researching methods in which machines can augment or emulate these processes. His artworks have been shown at The Metropolitan Museum of Art, The Photographers’ Gallery, KM Karlsruhe, Centre Pompidou and more. Most notably, his installation Memories of Passersby I made history in March 2019 as the first autonomous AI machine to be successfully auctioned at Sotheby’s.

“It’s an honor to be part of the Tezos NFT experience at Art Basel in Miami Beach,” said Klingemann. “This interactive exhibition examines the interplay of technology and human creativity, and where the lines bleed between human and machine as part of the generative art process. While the body of work may be created by the machine, a self-portrait is a deeply human thing, so I hope this probes questions around human nature and perception, and all that expresses itself with automated systems.”

Over the course of Art Basel Miami Beach 2021, the Tezos experience space will also include a dedicated speaker series featuring a diverse lineup of prominent artists and figures from the NFT community. Discussions will cover the technical, philosophical and artistic implications and possibilities created by this new paradigm at the intersection of art and technology. A full schedule will be available in the coming weeks on Art Basel Miami Beach’s event calendar (https://artbasel.com/miami-beach/events) and on Tezos’s event page (https://tezos.com/events).

Tezos’ energy-efficient design and low costs to mint and transact NFTs have subsequently attracted a diverse NFT community of artists, collectors, and builders around the world. With Tezos home to major NFT platforms such as Hic et Nunc, one of the biggest NFT art marketplaces, more brands are choosing to build on Tezos than ever before. Notable organizations include: Formula 1 racing teams Red Bull Racing Honda and McLaren Racing, banking behemoth Societe Generale, music NFT platform OneOf and more.

The Tezos NFT experience will be on view from December 2–4, 2021, at the Miami Beach Convention Center. Please visit https://artbasel.com/miami-beach for more information.

For more information on Mario Klingemann, visit https://quasimondo.com/ and follow @quasimondo on Twitter and Instagram.

For press images, please click here (Photo Credit: Huge).

About Tezos
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com.

About Art Basel
Founded in 1970 by gallerists from Basel, Art Basel today stages the world's premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, and Hong Kong. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms and a number of new initiatives such as the Art Basel and UBS Global Art Market Report, Intersections: The Art Basel Podcast and the BMW Art Journey. Art Basel's Global Media Partner is The Financial Times. For further information, please visit www.artbasel.com.

Tezos Press:
Emily Koh & Laura Lyman
This email address is being protected from spambots. You need JavaScript enabled to view it.

Art Basel Press:
Sarah Degen
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. +41 58 206 27 06