HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) plans to report Third Quarter 2021 financial results on Thursday, November 4, 2021. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).
A live webcast of the conference call, including presentation materials, can be accessed through NRG’s website at http://www.nrg.com and clicking on “Presentations & Webcasts” in the “Investors” section found at the top of the home page. The webcast will be archived on the site for those unable to listen in real time.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
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DUBLIN--(BUSINESS WIRE)--The "EV Charging Station Raw Materials Market by Material Type, Application, and Charging Type - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The EV Charging Station Raw Materials Market is expected to reach $4.91 billion by 2028, at a CAGR of 34.1% during the forecast period, 2021-2028.
By volume, this market is expected to grow at a CAGR of 45.0% from 2021 to reach 665,984.3 metric tonnes by 2028.
The growth of this market is mainly attributed to factors such as supportive government policies for EV charging stations, increasing adoption of EVs, and increasing initiatives by private companies for deploying EV charging infrastructure. The increasing adoption of electric mobility in emerging economies provides significant growth opportunities for market players.
The EV charging station raw materials market is mainly segmented into metals and alloys and polymers based on material type. The polymers segment is expected to grow at the highest CAGR by value during the forecast period. Major factors attributed to this segment's high growth are excellent heat resistance, weather resistance, strength, and lightweight of polymers; ability to be easily molded into any shape and size; and high aesthetic qualities, which enables charging stations to be branded in any color as per the network operators' requirements.
Based on application, the EV charging station raw materials market is segmented into cord, connector gun, enclosure, charger plug holster, nylon glands/lock nut, electric circuit breaker, energy meter and timers, internal wiring, flexible conduit, thermal switch, cable hanger, displays, and other applications.
The connector gun segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to increasing demand for DC fast-charging stations in European countries and the U.S., increasing adoption of electric mobility in emerging economies, increasing initiatives by governments in countries such as India, Thailand, Singapore, and other Southeast Asian countries for rapid deployment of EV charging infrastructure and develop an EV ecosystem for manufacturing of EVSE components.
Based on charging type, the EV charging station raw materials market is segmented into level 1, level 2, and DC fast charging. The DC fast charging segment is expected to grow at the highest CAGR during the forecast period.
The rapid growth of this segment is mainly attributed to growing government initiatives for installing fast-charging stations, rebate on the purchase of DC fast-charging stations, increasing investments from automakers towards the development of DC fast-charging station infrastructure to support their long-range battery-electric vehicle, and ability of DC fast chargers to provide faster charging as compared to Level 1 & Level 2 charging stations.
The Asia-Pacific is expected to witness the fastest growth during the forecast period.
The factors attributed to the high growth of this region are high adoption of EVs and associated infrastructure to meet the climate change commitments, reduce air pollution, and increase energy security; increasing opportunity for economies with less developed automotive manufacturing capabilities to catch up with, or even advance, industry players in more established automotive manufacturing hubs; and ongoing investments by various countries for robust charging infrastructure used in shopping malls, public buildings, and parking facilities.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
The key players operating in the EV charging station raw materials market are
For more information about this report visit https://www.researchandmarkets.com/r/t290i7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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A $95 million contract awarded to begin Houston Ship Channel dredging
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met today in a special meeting to consider the first dredge contract for Project 11, the Houston Ship Channel billion-dollar expansion and deepening program.
Great Lakes Dredge & Dock Company, LLC was awarded up to $95,375,349 to dredge 11½-miles of the 52-mile channel, widening a major portion of the Galveston Bay reach from 530 to 700 feet. The work includes the construction of a new bird island and oyster mitigation.
Port Houston negotiated multiple options and selected the approach with the most reduction in overall NOx emissions, using more efficient equipment and providing for retrofitting emission-reduction technology. “It’s a big day for Port Houston and a big day for the region,” Port Houston Chairman Ric Campo emphasized after the vote.
During the meeting, commissioners, staff, and other interested parties acknowledged that Port Houston had successfully managed a highly complex effort, as it spearheaded consideration, communication, and collaboration, among stakeholders ranging from local communities to state and national interests, to continue its accelerated timeframe.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
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The Tigo TS4 family and Energy Intelligence software platform, as used by the Treesol Company from the State of Minas Gerais, will be showcased at Intersolar South America, 2021.
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s worldwide leader in Flex MLPE (Module Level Power Electronics), today announced that the Company will exhibit its latest products at Intersolar South America (São Paulo, Brazil). Tigo representatives will showcase all of its TS4 Flex MLPE devices, including the recently introduced TS4-A-2F and the Tigo Energy Intelligence software platform. Together, these Tigo products are the most cost effective and advanced solution for optimization and module-level monitoring for solar projects from small to large-scale.
Tigo Energy led solar innovation with its TS4 Flex MLPE, providing customers the flexibility to solve common problems in Brazil such as shading, multiple orientations, and system expansion with modules of different power for solar installations. Over the past year, Tigo released key updates and innovations to its Flex MLPE product line in an effort to address the demand for high-power solar modules and energy projects that call for a diversified set of fire safety features, monitoring, management, and power optimization features.
“The technology of the Tigo optimizers brings new features to the photovoltaic modules making it simple to solve the challenges of implementing solar projects of many different sizes,” said Antônio Carlos, head of engineering at Treesol Company. “Tigo optimizers provide ease and speed of assembly, as well as high-tech and ‘democratic’ equipment. The optimizers can be used with modules and inverters from nearly every manufacturer, provide safety for the integrator and for the customer, and offer a unique monitoring system. The Tigo technical and support teams in Brazil also deliver the highest level of service and have helped us tremendously in our projects with their optimizers.”
The Tigo Energy Intelligence (EI) solution, a comprehensive digital platform, is designed to optimize the installer experience around commissioning, monitoring, and maintaining fleets of solar installations. Tigo EI delivers the tools to decrease operation and maintenance costs, increase system performance and revenue, and improve the user experience for installers and customers. Additionally, the solution simplifies the commissioning process by providing greater system visibility and information to end installers and EPC companies.
“With its reach into Brazil Tigo MLPE technology is now truly a global solution, and the market possibilities are huge because these products don’t require installers to rework the installation process,” said Manoel Monteiro, LATAM representative sales manager at Tigo Energy. “The combination of Tigo optimizers with our new EI monitoring platform is the ideal solution for higher energy production and cost reduction, leading to increased earnings and better ROI for our customers.”
To learn more about Tigo Flex MLPE solutions and the Tigo Energy Intelligence monitoring platform, please visit Tigo Energy at Intersolar South America (Expo Center Norte, São Paulo, Pavilion A2, Booth 30) from October 18-20, 2021.
About Tigo Energy
Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.
John Lerch
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that it will release its financial results for the third quarter ending September 30, 2021 after the market closes on Tuesday, October 26, 2021. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Wednesday, October 27, 2021. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer.
Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Oilfield Services call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10148935. The replay will be available until November 4, 2021.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.
Michael Stock
Chief Financial Officer
303-515-2851
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As part of a larger initiative to put electric vehicle fast chargers at fast food restaurants, a first installation is expected to combine Tritium’s market-leading technology with on-site solar, battery storage, and ChargeNet’s proprietary software platform to provide a superior fast charging experience, increase resiliency, and generate profit for the local franchise.
TORRANCE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--As the number of electric vehicles (EVs) is expected to continue growing – up to 35 million EVs are expected on U.S. roads by 2030 according to a Business Insider report from March 2021 – charging infrastructure is expected to need to expand commensurately to support the increased EV adoption. Tritium has partnered with EV charging network operator ChargeNet with a plan to install RTM direct current (DC) fast chargers at South San Francisco Taco Bells to address this challenge. The partnership, which is expected to expand in other areas, leverages funding from the California Energy Commission’s California Electric Vehicle Infrastructure Project (CALeVIP) and the California Public Utilities Commission’s (CPUC) Self-Generation Incentive Program (SGIP).
“Our goal is to replace the refueling experience that Americans know with a charging experience that is fast, convenient, and inviting,” said Tosh Dutt, CEO of ChargeNet. “Our first installation is just the beginning of realizing that goal, and will be the first of many as we look to expand charging opportunities throughout the Bay Area and other parts of the country in the hopes of increasing adoption of EVs, especially in lower-income areas.”
The companies broke ground on the installation last month and the chargers are anticipated to be operational by the end of October. The 75kW Tritium RTM fast chargers can provide up to 46 miles of range in 10 minutes and will accept payment through ChargeNet’s mobile app and a credit card reader on the charger. ChargeNet’s EV charging platform, specifically designed for fast food franchisees, fills a market need for more fast chargers at locations with food and a restroom. ChargeNet also hopes to integrate food ordering and payment to make the process even more seamless for customers. And to lower energy costs and protect from power outages, the installation will utilize solar and energy storage technology to power the chargers and provide more competitive rates to Taco Bell customers.
“We’re always looking for opportunities to do things that haven’t been done before and especially those that create a “win-win” for our customers, the community and our business,” said SG Ellison, President of Diversified Restaurant Group, who operates nearly 250 Taco Bell and Arby’s in five states and is rapidly growing. “Tosh and his team have been great partners and we’re looking forward to providing our customers with the opportunity to charge their vehicles on Tritium’s market-leading technology.”
The installation will not require any further utility service upgrades, only requiring one additional meter to support the chargers. Additionally, as a result of ChargeNet’s unique service model and use of incentives, Diversified Restaurant Group will pay nothing upfront and take home a portion of the revenue generated from the chargers, along with bringing in EV drivers as customers. The SGIP funding includes prioritization of communities living in high fire-threat areas, communities that have experienced two or more utility Public Safety Power Shut-offs (PSPSs), as well as low-income and medically vulnerable customers, while funding from CALeVIP provides incentives for EV infrastructure across the state with additional funding for charging projects located in low-income and disadvantaged communities.
“CALeVIP has been a successful program in deploying public chargers throughout California and targeting disadvantaged communities,” said Hannon Rasool, Deputy Director of the Fuels and Transportation Division at the California Energy Commission. “The innovation and creativity of deploying chargers where other amenities such as food services are co-located should be emulated across the nation to provide access to charging where consumers already travel.”
Tritium’s RTM fast chargers are built for any environment and feature a modular power unit design that allows the charger to quickly be upgraded from 25kW to 50kW and 75kW of power. The power units are also single-person operable so they can be easily changed in the field for faster maintenance and improved uptime.
“This project is a shining example of integrating solar, battery storage, and DC fast charging to help fast food restaurants serve a rapidly expanding EV driver customer base. These are the types of innovative solutions that have a double benefit – decarbonizing the planet in the long-term, while creating more resilient businesses in the short-term,” said Mike Calise, President of Americas at Tritium. “We’re pleased to have worked with ChargeNet, SGIP, and CALeVIP to make this project possible, providing the Diversified Restaurant Group with a solution that’s revenue positive from the start.”
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement with DCRN for the Business Combination, that would result in Tritium becoming a publicly listed company. Completion of the Business Combination is subject to customary closing conditions.
For more information, visit tritiumcharging.com.
About ChargeNet
ChargeNet Stations’s software platform makes it seamless for Quick Serve Restaurants to offer customers a superior EV charge up experience while satisfying their hunger. ChargeNet’s hardware-agnostic SaaS platform, ChargeOpt, optimizes EV chargers, renewable energy, and Point-of-Service retailer offerings to turn parking lots into profit-centers.
Learn more about ChargeNet and follow their site progress at chargenetstations.com and follow them on Twitter @ChargeNetStnUS.
Tritium Media Contact:
Sarah Malpeli
408-806-9626 ext 6840
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Tritium Investor Contact:
Caldwell Bailey
ICR, Inc.
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- Includes Milestone Commitment to Cut CO2 Emissions by a Quarter By 2030
LONDON--(BUSINESS WIRE)--#ConcreteFuture--Forty of the world’s leading cement and concrete manufacturers today join forces to accelerate the shift to greener concrete by pledging to cut CO2 emissions by a further 25% by 2030, marking a decisive step in the race to ‘Net Zero’ concrete by 2050.
The move by the members of the Global Cement and Concrete Association (GCCA) marks the biggest global commitment by an industry to net zero so far – bringing together companies from the Americas, Africa, Asia, including India and China, and Europe. It follows the September announcement during New York Climate Week that the GCCA has become the first global ‘heavy’ industry accelerator for the UN’s global Race to Zero. GCCA members account for 80% of the global cement industry volume outside of China, and also include several large Chinese manufacturers.
The GCCA has published a detailed roadmap which sets out the path that the industry will follow to fully decarbonize by 2050, a target aligned with the Paris Agreement to limit global warming to 1.5°C. The roadmap actions between now and 2030 will prevent almost 5 billion tonnes of carbon1 from entering the atmosphere compared to a business-as-usual scenario, equivalent to the CO2 emissions of almost 15 billion passenger flights from Paris to New York2.
Concrete is the most used human-made material on the planet with 14 billion cubic meters3 produced every year for use in everything from roads to bridges, tunnels to homes, and hydropower installations to flood defenses. Concrete is an essential element of construction, with no other material equaling its resilience, strength and wide availability. Production of cement, the key ingredient in concrete, accounts for around 7% of global CO2 emissions. The new 2030 commitment by the GCCA outlines a significant acceleration in the pace of industry decarbonization.
The roadmap to get there is built around a seven-point plan that relies on ambitious yet achievable actions to reduce the amount of CO2 intensive clinker in cement, significantly reduce fossil fuel use in manufacturing, and accelerate innovation in products, process efficiency and breakthrough technologies including carbon capture.
While the GCCA has outlined an ambitious programme for its members, it also calls on governments, designers and contractors to fully play their part by assembling the right public policies and investments to support the global scale transition of the industry. These include greater development of critical technologies such as carbon capture and storage, and reforms to public works procurement policy to encourage the use of low-carbon cement and concrete products. Public policy reforms and the promotion of low carbon products can make a big difference as public infrastructure accounts for almost 60% of all global cement and concrete demand.
Thomas Guillot, GCCA Chief Executive, said: “Concrete is the world’s most used building material and provides the foundation for renewable energy transition, resilient infrastructure and new homes around the world.”
He added: “Global cooperation on decarbonizing concrete is a necessity, as countries developing their infrastructure and housing will be the biggest users of concrete in the coming decades. I am proud of the commitment made by our members today to take decisive action and accelerate industry decarbonization between now and 2030, an important milestone towards the ultimate goal of net zero concrete. I envision a world in the not too distant future where the foundation of a sustainable, zero carbon global economy will literally be built with green concrete.
“We now need governments around the world to work with us and use their huge procurement power to advocate for low carbon concrete in their infrastructure and housing needs. We require their support to change regulation that limits the use of recycled materials and impedes the transition to a low carbon and circular economy,” said Mr Guillot.
GCCA member companies operate in almost every country of the world with a global cement and concrete market worth $440 billion4 annually and supporting a wider construction sector which represents 13% of global GDP5. The Association counts companies such as CEMEX, CNBM, CRH, HeidelbergCement, Holcim and Votorantim as members. The industry last year announced its ambition to fully decarbonize by 2050 and today is detailing its roadmap to achieve this goal.
António Guterres, Secretary-General of the United Nations, commented: “I invite all cement companies to join this vital endeavour. The transition cost should not be borne only by the first movers. I call on all governments and relevant actors to align public and private finance and procurement to create strong markets for net zero-aligned industrial production and develop national sectoral roadmaps towards net zero emissions. Three quarters of the infrastructure that will exist in 2050 has yet to be built. Without credible action now, future generations will have no liveable planet to build upon. The United Nations stands ready to support you in accelerating the transformation of your industry.”
Cao Jianglin, the CEO of China National Building Material Company Ltd (CNBM), said: “This is a landmark for industry co-operation in decarbonization. As part of a global industry, it will need collaboration across our sector to achieve it. As one of the leading cement and concrete producers in China, we will play our part in decarbonizing the industry.”
Albert Manifold, GCCA President and Group Chief Executive of CRH plc said: “This Roadmap represents a clear commitment to positive change across our industry and will allow us to sustainably transition to net zero while continuing to supply society with the concrete it needs to grow and prosper.”
The GCCA Global Net Zero Roadmap can be found here. The global launch coincides with the publication of a roadmap for the USA by the Portland Cement Association (PCA) for Carbon Neutrality6.
(ENDS)
1 The roadmap put forward by GCCA will achieve 4.9 billion tonnes reductions of carbon between now and 2030 (GCCA Roadmap calculation).
2 ICAO calculates the carbon footprint of a flight between CDG and JFK as 333.6kg [Link] making the 5 billion tonne carbon saving equivalent to 14.9 billion passenger flights.
3 Equivalent to 32 billion tons of concrete
4 Global cement and concrete market equivalent to $439.2 billion [Link]
5 McKinsey Global Institute, Reinventing Construction [Link]
6 The GCCA partners with a number of national and regional cement and concrete associations across the world, many of which have already announced or are working on country based or globally regional net zero roadmaps, including the UK, Europe, LatAm and the USA.
The GCCA Roadmap to Net Zero sets out a seven-point plan to reduce emissions by another 25% over the next decade. This consists of:
Information on concrete and cement:
About the GCCA
Launched in January 2018, the Global Cement and Concrete Association (GCCA) is dedicated to developing and strengthening the sector’s contribution to sustainable construction. The GCCA aims to foster innovation throughout the construction value chain in collaboration with industry associations as well as architects, engineers, and innovators. In this way, the association demonstrates how concrete solutions can meet global construction challenges and sustainable development goals while showcasing responsible industrial leadership in the manufacture and use of cement and concrete. The GCCA is headquartered in London, England. It complements and supports the work done by associations at the national and regional levels.
Paul Adeleke
Communications and Policy Director, GCCA
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the third quarter of 2021 of $0.45 per unit, or $1.80 per unit on an annualized basis.
The quarterly distribution will be paid Friday, November 12, 2021, to unitholders of record as of the close of business Friday, October 29, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the third quarter of 2020.
Enterprise will announce its earnings for the third quarter of 2021 on Tuesday, November 2, 2021, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available for one week following the conference call and may be accessed approximately one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
DUBAI, United Arab Emirates--(BUSINESS WIRE)--On the sidelines of the activities of Expo 2020 Dubai, Morocco officially unveiled its latest investment and export brand: ‘Morocco Now’, an initiative designed to position Morocco as a world-class industrial and export platform to accelerate foreign investments.
Over the past 20 years, under His Majesty King Mohammed VI, Morocco has made great strides in trade and transport infrastructure development and has undertaken an epic approach to achieve industrial acceleration. It now boasts the booming Tanger Med port, the largest global logistics hub in Africa and the Mediterranean. Moreover, the automotive cluster in Morocco has been performing strongly. With the fastest exports growth in the world, it has made the Kingdom the leading car manufacturer in Africa, increasing by more than € 15 billion between 2010 and 2019.
Morocco Now is slated to become a future-proof industrial platform aimed at capturing opportunities in a changing world, where recent global changes generated new requirements, such as environmental emergency, consumer expectation pressures and new regulations, require economic players to adopt decarbonized production. The COVID-19 pandemic also triggered a global value chains reorganization towards more regional integration and less global dependency.
Morocco Now relies on 4 distinctive assets: NOW SUSTAINABLE, renewable energies represented 37% of the energy mix in 2020, the objective is now to attain 52% by 2030; NOW COMPETITIVE, thanks to a “Best Cost” offer based on competitive production and export costs, with privileged access to an international market of +1 billion consumers; NOW Well-Proven, through a strong track record in implementing foreign investments in highly strategic and technical sectors; NOW agile, the capacity to quickly adapt is part of Morocco’s DNA, as recently illustrated in the management of the COVID-19 crisis, with the reallocation of industrial production towards health equipment.
Launching a “new development model”, Morocco has drawn up a clear roadmap for future development, which consolidates its economic progress, to ensure the necessary synergies based on a pragmatic approach, which paves the way for competitive, proactive, and sustainable investment.
The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
*Source: AETOSWire
Houda Sikaoui, +212651288996
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NEW YORK--(BUSINESS WIRE)--The Paris Agreement climate targets are increasingly out of reach as the world’s publicly listed companies will cause global temperatures to rise by 3°C, according to the latest MSCI Net-Zero Tracker.
With less than 10% of public companies aligned with a 1.5°C temperature rise threshold, the global carbon budget to limit global warming to 1.5°C will be exhausted by November 2026. This timeframe has moved forward by five months in just 90 days since the launch of the Net-Zero Tracker in July.
Henry Fernandez, Chairman and Chief Executive Officer, MSCI, comments: “The findings of the MSCI Net-Zero Tracker should dramatically increase the world’s sense of urgency to reduce greenhouse gas emissions. As the extreme weather events of 2021 have reminded us, climate change is not a ‘potential’ problem 30 or 40 years down the road. It is a clear and present danger to our way of life right now. What we do over the next half-decade — and especially at COP26 in Glasgow — could make the difference between avoiding or experiencing the worst climate impacts. We urge firm action rather than words at COP26 to divert the world from an imminent crisis and chart a path toward a sustainable future.”
Emissions set to rise by 6.7% in 2021
The rapidly shrinking timeframe is being driven by the significant rise in greenhouse gas emissions from public companies as global economic activity rebounds.
The Net-Zero Tracker, a quarterly gauge of climate change progress across a global universe of 9,300 public companies based on the MSCI All Country World Investable Market Index (ACWI IMI), finds that company emissions are set to rise by 6.7% this year.
No sector or region is safe
The Net-Zero Tracker also finds that less than half of listed companies are aligned with a 2°C temperature rise. No sector or region is aligned with the 2°C target. Even low emitting industries such as health care, information technology and financial services have outliers consuming a disproportionate share of their industry’s remaining budget.
From a regional perspective, although companies in developed economies are projected to become more carbon-efficient this century, every region is still emitting in excess. The problem is most extreme in Emerging Markets (EM) EMEA, where the implied temperature rise of listed companies is 4.8°C, followed by EM Americas and EM Asia, which are set to rise by 3.8°C and 3.4°C, respectively. To address this, companies need to cut their absolute carbon emissions by 10% a year on average. However, from 2016 to 2020, less than a quarter of the world’s publicly listed companies managed this feat.
Major gaps in disclosure of emissions — the laggards revealed
As investors and policymakers seek new levels of transparency on emissions, the latest Net-Zero Tracker shows:
Remy Briand, Global Head of ESG and Climate at MSCI, adds: “While it is encouraging that some of the world’s largest listed companies are taking important steps by broadening their emissions reporting and setting decarbonization targets, the Net-Zero Tracker shows that major gaps still remain as many are failing to disclose this crucial information. Climate disclosures are critical for investors to help them assess the carbon intensity of companies, to model climate-related financial risk and the impact on the performance of portfolios, and to allocate capital accordingly. Without accurate disclosures, the chances of companies and investors reaching net-zero is a distant reality. We call on policymakers and financial regulators at COP26 to make climate-related disclosures based on international standards mandatory.”
About MSCI Inc.
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.
Notes to Editors
*Gigaton is equal to a billion tons
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.
Media Inquiries
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ASL to also provide a test aircraft to Universal Hydrogen as companies jointly advance eliminating aviation’s global impact on carbon emissions
LOS ANGELES--(BUSINESS WIRE)--#ATR--Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, today announced it has executed a letter of intent (LOI) with ASL Aviation Holdings, a global aviation services group based in Dublin, Ireland. ASL will be a global launch customer for the turboprop cargo market and plans to purchase up to ten of Universal Hydrogen’s ATR 72 conversion kits for installation into its existing or future turboprop aircraft fleet.
Upon completion of a collaborative network study and aircraft assessment, Universal Hydrogen’s conversion kits will be installed in ATR 72 planes owned by ASL and operated on services for its major customers throughout Europe. In addition to the conversion kits, ASL has agreed to provide an ATR 72 to Universal Hydrogen to use as its cargo test and certification aircraft.
The ASL CargoVision forum is an initiative to drive innovation and sustainability in the air cargo industry, and working together in this forum Universal Hydrogen and ASL will move quickly to reduce emissions in the critical regional sector served by the ATR 72.
“Air cargo has a unique opportunity to lead the aviation industry as it moves to meet ambitious carbon emissions targets. In ASL we are committed to being a first-mover in the introduction of new emissions reduction technology in our current fleet and hydrogen has a significant role to play with aircraft such as the ATR 72,” said Dave Andrew, CEO, ASL Aviation Holdings. “Aviation cannot wait to act for a decade or more before new aircraft types become available, and by working with Universal Hydrogen we can create a bridge to new aircraft that will allow us to immediately reduce our carbon footprint in line with the environmental sustainability commitments in the ASL Group ESG Policy.”
In connection with the aircraft conversions, Universal Hydrogen and ASL will also enter into a long-term fuel services contract. Universal Hydrogen has agreed to provide green hydrogen fuel to power the converted ATR 72 aircraft in ASL’s fleet.
“In order to reach Paris Agreement targets for aviation emissions we can’t focus on passenger aircraft alone—the cargo market is significant and growing. It’s exciting to see a leading operator like ASL deeply aligned with our vision to make hydrogen the universal fuel for aviation,” said Paul Eremenko, Universal Hydrogen co-founder and CEO. “ASL’s customers represent some of the largest air freight users in the world, and we welcome the opportunity to provide them with a truly clean way to meet growing delivery demands.”
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
About ASL Aviation Holdings
ASL Aviation Holdings is a leading global aviation services provider with five European airlines and two associated airlines in South Africa and Thailand. The Group also includes maintenance companies and leasing entities. ASL has a fleet of 140 aircraft ranging from the B747-400 to the ATR 72 turboprop. The Group’s airlines operate for world-leading express parcel integrators, postal services and e-tailers and also own-brand operates inter-continental scheduled services. Passenger services are also operated in France and in South Africa.
About ASL CargoVision
ASL CargoVision, for greener, sustainable aviation, is a forum developed in late 2020 by ASL and leading new aviation technology companies. The objective is to help raise awareness of ASL and the Forum members’ position on both innovative new technologies and sustainability for air cargo operations. ASL and the other members of the CargoVision Forum will promote these new technologies as they bring sustainability to the aviation industry, and particularly to cargo operations.
Universal Hydrogen Media:
Kate Gundry
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617-797-5174
ASL Aviation Holdings Media:
Saoirse Claffey
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+353 87 696 3202
NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced the formation of a joint venture (“JV”) in the United States between Koch Strategic Platforms (“KSP”) and FREYR. The JV, which has a 50%/50% ownership structure, has been established to develop an initial 50 GWh of Gigafactory-scale battery cell manufacturing capacity in the U.S. based on 24M Technologies (“24M”) SemiSolid™ platform technology. The scale and scope of the targeted development would position the JV as one of the largest battery cell manufacturers in the U.S., using American-borne technology and the sustainable innovation of a premier U.S.-based, global industrial partner in KSP. This venture further progresses FREYR’s strategic focus of developing clean, localized battery cell production and supply chains to catalyze emerging energy technology adoption.
“Today’s announcement marks a significant milestone for FREYR as we advance our expansion strategy through the U.S. joint venture with KSP,” said Torstein Sjøtveit, FREYR’s Executive Chairman. “Our entire team is looking forward to collaborating with our U.S.-based strategic partners at Koch and 24M to bring clean, next-generation battery cell production to the U.S. at commercial scale.”
“We are pleased to announce the formation of the joint venture with FREYR and our investment in U.S.-based 24M,” said David Park, president of Koch Strategic Platforms. “This initiative could create jobs here in the U.S. and foster continued adoption of transformative energy technology.”
“KSP conducted diligence on the FREYR investment beginning in January 2021 when we participated as the largest investor in their PIPE offering. We are confident in the prospects of signing significant commercial offtake agreements in both the energy storage and EV sectors that will enable us to select a Gigafactory location in the U.S. next year,” said Jeremy Bezdek, managing director of KSP and FREYR board director.
In conjunction with the agreement, KSP and FREYR have invested $70 million in convertible promissory notes with 24M, under which KSP and FREYR will initially invest $50 million and $20 million, respectively. Upon closing of the convertible note financing, the JV entered into a new licensing agreement with 24M that will enable the JV to deploy 24M’s SemiSolid™ platform technology with conditional limited exclusivity in the U.S.
“We are delighted to enhance our deep strategic partnership with FREYR and establish a new collaboration with a globally-respected industrial player in Koch,” added Naoki Ota, President and CEO of 24M. “The investment in 24M and expanded licensing agreement validate our battery technology leadership and offer potential deployment at commercial scale in the U.S.”
The JV will leverage 24M’s SemiSolid™ technology, which dramatically reduces the number of steps required to manufacture battery cells while still using conventional lithium-ion raw materials. The SemiSolid™ production platform enables capital and operating cost savings as well as expanded opportunities to recycle materials. Using the 24M technology platform, the JV will have the flexibility to provide next-generation batteries of various sizes and chemistries at commercial scale.
“The establishment of the U.S. JV with KSP and the associated investment in 24M are transformational developments for FREYR,” commented Tom Jensen, FREYR’s Chief Executive Officer. “These agreements increasingly position FREYR as a leader in modularized production of next-generation battery cells at scale. We are now taking formal steps to offer localized battery supply complementing our initial Norwegian offering to the exponentially growing U.S. market. We are very excited to deepen our key strategic relationships with Koch and 24M as we accelerate our work to establish a substantial commercial production footprint in the U.S.”
Today’s announcement follows FREYR’s press release on June 11, 2021, which outlined the Company’s negotiations with a major multinational conglomerate to develop battery production facilities in North America; and KSP’s prior investment in the business combination transaction between FREYR AS and Alussa Energy Acquisition Corp. completed on July 9, 2021.
Conference Call
FREYR and KSP will conduct a conference call today, Tuesday, October 12th, 2021, at 10:30 am EDT/4:30 pm CEST to discuss today’s announcement. The presentation material will be available to download at http://freyrbattery.com.
To access the conference call, listeners should contact the conference call operator at the appropriate number listed below approximately 10 minutes prior to the start of the call.
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A webcast of the conference call will be broadcast simultaneously. Attendees may access the webcast at https://streams.eventcdn.net/freyer/freyr-project-leif
About FREYR Battery
FREYR is a producer of clean battery solutions for a better planet. Listed on the New York Stock Exchange, FREYR’s mission is to accelerate the decarbonization of energy and transportation systems globally as one of Europe’s largest clean battery suppliers. To learn more about FREYR, please visit www.freyrbattery.com.
About Koch Strategic Platforms
With offices in Atlanta and Wichita, KSP desires to be the preferred investment partner of growth focused, strategic companies who are innovating in industries with disruptive potential. Created in 2020, the KSP team pursues public and private investments with companies where long-term mutual benefit can be realized. https://www.kochind.com/
About 24M Technologies
24M answers the world’s need for affordable energy storage by enabling a new, more cost-effective solution — SemiSolid™ lithium-ion technology. By re-inventing the design of the battery cell as well as the manufacturing method, 24M solves the critical, decades-old challenge associated with the world’s preferred energy storage chemistry: reducing its high cost while improving its safety, reliability, and performance. Founded and led by some of the battery industry’s foremost inventors, scientists, and entrepreneurs, 24M is headquartered in Cambridge, Mass. For more information, please visit www.24-m.com.
Forward-looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the development, timeline, capacity and utility of FREYR’s and/or the JV’s Gigafactories, the development and commercialization of 24M’s SemiSolid™ technology, FREYR’s and / or the JV’s manufacturing capacity relative to other market participants and the development of customer and offtake relationships are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and in other SEC filings available on the SEC’s website at www.sec.gov.
FREYR Battery contact information
For investor inquiries, please contact:
Jeffrey Spittel, Vice President, Investor Relations
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Tel: (+1) 281-222-0161
For media inquiries, please contact:
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Tel: (+47) 920 54 570
Koch Industries contact information
Christin Fernandez, Director of Communications
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202-879-8546
24M Technologies contact information
Pang Tan, VP of Business Development
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Tel: (+1) 617-553-1012
HOUSTON--(BUSINESS WIRE)--$XPRO #Octopoda--Leading provider of energy services, Expro (NYSE: XPRO), has successfully deployed its OctopodaTM annulus intervention system to restore annulus pressure integrity and return a well to production in Piedemonte region, in Colombia.
The Octopoda system successfully reached 300 meters in the annulus, a world record depth, and sealed the C annulus of the well. This removed the risk of casing collapse and gas migration to enable the well to produce and significantly extend its production lifespan.
Expro collaborated with its client to design and execute this high value-added intervention operation, which was completed at a cost that was estimated to be approximately 25% less than the cost of a conventional workover rig-enabled repair. Moreover, the Octopoda operation resulted in significantly lower carbon emissions than the conventional alternative.
Octopoda removed the need for a heavy workover rig to allow controlled circulation of annular fluids and the installation of a resin plug at the external casing shoe depth. This successfully sealed the annulus and enabled production to be resumed from the wellbore.
Octopoda is the only certified annular intervention system in the world that enables direct intervention of a live annulus without the expense of a heavy workover rig and with a reduced environmental footprint.
The system offers a safe and efficient method for removing shut-in casing pressure. It can be deployed to replace annulus fluid, to increase hydrostatic pressure, and solve casing shoe leakages by placing sealing material on the bottom of the annulus.
Utilizing a unique design, Octopoda is deployed on annulus inlets, removing workover rig requirements, offering an alternative that can be rapidly deployed across all types of installations, onshore and offshore, to maximize operational uptime while reducing overall HSE exposure.
Alistair Geddes, Expro's Chief Operating Officer, commented:
"Everyone at Expro is proud of this outstanding achievement and the team's extraordinary performance to reach new depths. Not only is it Expro's first venture into the Latin American market using the Octopoda system, but a world first.
"Octopoda is already proving itself as an innovative and cost-effective solution for solving well integrity issues across the industry. It enables our customers to prolong their well lifespan, making it economically viable to regain production from shut-in wells.
"Expro’s recent success with Octopoda shows the capabilities of this truly unique technology and our ability to optimize and expand the life of the growing number of aging wells around the world.
"Octopoda is the latest example of Expro’s commitment to investing in innovation, developing new technologies and working towards reducing our own and our clients’ carbon footprint."
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 6,500 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.
Expro – Hannah Rumbles
+44 (0) 1224-796729
CHARLOTTE, N.C.--(BUSINESS WIRE)--EnPro Industries, Inc. (NYSE: NPO), an industrial technology company, today announced agreements for the sale of its Compressor Products International (CPI) business unit (and exclusive negotiations with respect to the French operations of the CPI business unit) to Howden Group, a leading global provider of mission critical air and gas handling products and services with headquarters in Glasgow, UK. The aggregate purchase price for the transaction is $195 million, subject to typical closing date adjustments. CPI is a leading provider of manufactured products and services for reciprocating compressors primarily serving the global petrochemical and oil & gas industries. The purchase price equates to approximately 10.4x adjusted LTM EBITDA. The transaction is subject to customary closing conditions, including regulatory reviews, and is expected to close in the first quarter of 2022.
This strategic action continues Enpro’s portfolio transformation toward niche industrial technology products and services, with a focus on faster growing end-markets such as semiconductor, photonics, food and pharma, and aerospace.
“We would like to thank the CPI team for their countless contributions to Enpro over the last 15 years and wish them continued success with Howden,” said Eric Vaillancourt, Interim President and CEO of Enpro. “This transaction bolsters our already strong balance sheet as we continue to invest in our growth priorities to drive sustainable long-term value for the benefit of our shareholders, employees and other stakeholders.”
CPI is included in Enpro’s Engineered Materials segment. Following the completion of the divestiture, the segment will be composed of GGB, an engineered polymer bearings solutions business, and Garlock Pipeline Technologies (GPT), a provider of mechanical solutions for pipeline customers.
Robert W. Baird & Co is serving as the exclusive financial advisor to Enpro. Robinson Bradshaw is Enpro’s lead legal counsel with Bird and Bird supporting internationally.
About Enpro
Enpro is an industrial technology company focused on niche applications across many end-markets, including semiconductor, photonics, industrial process, aerospace, food and pharma and life sciences. For more information about Enpro, visit the company’s website at http://www.enproindustries.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. The words “expect,” “anticipate,” “plan,” “target,” “project,” “believe” and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements about whether or when the transaction will be consummated and the anticipated timing thereof; the application of the anticipated net proceeds thereof; expected financial position; business strategy; operating plans; and capital and other expenditures, plans and objectives. These statements are only predictions. Enpro cautions that these statements are based on current estimates of future events and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Enpro cautions the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by its forward-looking statements. The potential risks and uncertainties include, among others, the possibility that necessary regulatory approvals may not be obtained or that other conditions to closing the transaction may not be satisfied such that the transaction will not close or that the closing may be delayed; general economic conditions; the possibility of unexpected costs, liabilities or delays in connection with the transaction; risks that the transaction disrupts current plans and operations of Enpro; the ability to recognize the benefits of the transaction; the amount of the costs, fees, expenses and charges related to the transaction; the outcome of any legal proceedings that may arise with respect to the Transaction; and the occurrence of any event, change or other circumstances that could give rise to the termination of the relevant agreements for the sale of CPI. In addition, all forward-looking statements should be read in conjunction with Enpro’s documents filed with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2020 and its Quarterly Report on Form 10-Q for the period ended June 30, 2021. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. These risk factors may not be exhaustive. Further, Enpro operates in a continually changing business environment and cannot predict new risk factors that may arise as a result of these changes. Statements in this press release speak only as of the date hereof. Enpro disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.
Investor Contacts:
James Gentile
Vice President, Investor Relations
Jenny Yee
Corporate Access Specialist
Phone: 704-731-1527
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DUBLIN--(BUSINESS WIRE)--#floatingwind--Gazelle Wind Power, the developer of a unique floating wind platform, has been named a finalist in the 23rd annual S&P Global Platts Global Energy Awards in two categories: Emerging Technology of the Year and the Rising Star Company Award.
S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks, selected Gazelle for its innovative, stable, hybrid attenuated mooring platform, designed by expert career naval engineers.
“Being recognized by an awards program of this caliber reinforces our position as an important key to opening the massive floating offshore wind market,” said Pierpaolo Mazza, CEO of Gazelle Wind Power. “By combining the best features of tension-leg and semi-submersible platforms - while eliminating their drawbacks - Gazelle’s technology will be a fundamental and disruptive change to the industry".
Gazelle Wind Power’s technology features a patented hybrid floating wind platform with a first-of-its-kind mooring system that surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The design, which recently received a feasibility statement from the leading independent classification society DNV, enables wind turbines to be placed farther at sea in deeper waters to maximize energy production. The patented design allows for 70% less horizontal movement than semi-submersible platforms, has a tilt of less than 1 degree, and has 80% less mooring tension load than tension leg platforms. The Gazelle platform is more compact and simpler to build, deploy, and maintain than other floating platforms, which translates to dramatically lower levelized cost of energy (LCOE).
S&P Global Platts Global Energy Awards recognizes achievements in innovation, leadership, and company performance in 22 categories spanning the entire energy complex.
The award program’s Emerging Technology category recognizes the research and development, ingenuity, and commercialization potential of new technologies before their state of deployment. The Rising Star Company category recognizes businesses that are positioning themselves as key players in the energy sector and have established themselves on the world stage.
Award winners will be revealed during a gala in New York City on December 9, 2021. To view the complete list of Award categories and finalists, as well as more information about the awards and upcoming ceremony, visit the website: www.globalenergyawards.com.
About Gazelle Wind Power
Gazelle Wind Power Limited is unlocking the massive deep-water offshore wind market to achieve global decarbonization. The company’s durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, and Paris. For more information, visit www.gazellewindpower.com.
About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing, and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture, and shipping.
S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments, and individuals to make decisions with confidence. For more information, visit http://spglobal.com/platts.
For Gazelle Wind Power:
Wendy Prabhu | Mercom Communications
T: +1 512 215 4452
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New two-year agreement builds on initial strategic partnership using Industrial DataOps platform Cognite Data Fusion to optimize well design and workflows
AUSTIN, Texas--(BUSINESS WIRE)--#Data--Cognite, a leader in industrial innovation announced today that it has signed a multi-year agreement with bp (NYSE: BP) to use Cognite's industrial dataops solution Cognite Data Fusion™ to empower its engineers and domain experts with better access to contextualized data in order to increase efficiency and sustainability of well operations.
“bp is pleased to extend our strategic partnership with Cognite to focus on optimization through contextualized data,” says Ahmed Hashmi, Senior Vice President Digital, Production & Business Services, bp. “Our collaboration using Cognite Data Fusion in our Well Delivery Workbench will empower well planners, engineers, and rig site operations teams to optimize well design and execution workflows. This will create a greater focus on safe delivery, improved design quality, and increased efficiency.”
“bp continues to reimagine energy through bold digital solutions and we are glad to play a role as Cognite Data Fusion offers a single consolidated well data layer to increase efficiencies and sustainability,” says Francois Laborie, Cognite North American President. “Both Cognite and bp are dedicated to transforming industry through digital innovation.”
About Cognite
Cognite is a global industrial SaaS company that was established with one clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion™, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability. Visit us at www.cognite.com and follow us on Twitter @CogniteData or LinkedIn: https://www.linkedin.com/company/cognitedata.
Michelle Holford
Global PR Lead - Cognite
+15127443420 (US)
+4748290454 (Norway)
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Global integrated energy company will use latest supercomputer, which doubles storage capacity and increases sustainability, to accelerate discovery of new energy sources with advanced modeling and simulation capabilities, while reducing operational costs and energy consumption
HOUSTON--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE: HPE) today announced the upgrade of Eni’s existing supercomputer system, HPC4, to accelerate discovery of new energy sources. The new supercomputer, delivered as a service through the HPE GreenLake edge-to-cloud platform, will increase HPC4 performance, improve its computing capacity when running simulations, and double storage capacity to improve accuracy of image-intensive modeling and simulations of complex energy research.
The HPE GreenLake platform, which combines simplicity and agility with the governance, visibility and compliance of an on-premises environment, will allow Eni to more easily monitor HPC4 utilization and energy consumption, helping to increase sustainability.
Eni will house the new HPC4 in the Green Data Center in Ferrera Erbognone, a province in Pavia, Italy. The new HPC4 is built on HPE ProLiant DL385 Gen10 Plus servers.
“In the Age of Insight, harnessing data efficiently and quickly will play a significant role in driving optimal business results,” said Antonio Neri, president and CEO at HPE. “Our comprehensive high-performance computing (HPC) solutions and HPE GreenLake support Eni in achieving greater image accuracy of critical seismic analysis and are key to unlocking outcomes in energy production. We are thrilled to be part of Eni’s important mission to identify and develop new energy sources.”
Doubling storage capacity to support an increasing, image-intensive library of analysis
Eni’s HPC4 has doubled its storage capacity, compared to Eni’s previous system, with 10 petabytes of storage, to support the scaling and image-intensity of its analysis, which are key to developing new energy sources. New expanded storage capabilities from HPE include the Cray ClusterStor E1000 storage system and the HPE Data Management Framework to support complex, image-intensive workloads in modeling and simulation.
The new infrastructure will improve energy usage and reduce electronic waste by using HPE Asset Upcycling Services. This is part of the circular economy initiative from HPE Financial Services, which leverages asset longevity to reuse products, by recycling equipment from its existing HPC4 system and replacing it with newer solutions.
“HPC plays an increasingly important role in fueling innovation, which has a tremendous impact on economic growth for Italy. The ability to process and extract value from data helps organizations identify new opportunities to stay competitive,” said Stefano Venturi, president and managing director at Hewlett Packard Enterprise Italy. “We are honored to have been selected by Eni to deploy powerful supercomputing technologies that will drive innovation for the energy industry as well as digital transformation for our nation.”
Eni’s new HPC4 is built with 1,500 nodes HPE ProLiant DL385 Gen10 Plus servers, which provide dense, flexible platforms with the industry’s most trusted built-in security. The customized HPE ProLiant servers also leverage latest compute with the 3rd Gen AMD EPYC™ processors for modeling and simulation workloads, and accelerated compute and targeted graphics capabilities for image-intensive workloads using the AMD Instinct™ MI100 accelerator and NVIDIA V100 and A100 Tensor Core GPUs.
The HPE GreenLake edge-to-cloud platform provides customers with a powerful foundation to drive digital transformation. The HPE GreenLake platform can run on-premises, at the edge, or in a colocation facility, and combines the simplicity and agility of the cloud with the governance, compliance, and visibility that comes with hybrid IT. HPE GreenLake offers a range of cloud services that accelerate innovation, including cloud services for analytics, bare metal, compute, container management, core payment systems, data protection, electronic medical records, 5G, HCI, high performance compute, machine learning operations, networking, risk management, SAP HANA, storage, VDI, and VMs. The HPE GreenLake business is rapidly growing with over $5.2 billion USD in total contract value and 900 partners selling HPE GreenLake. Today, HPE GreenLake has about 1,200 enterprise customers across 50 countries in all industry sectors and sizes including Fortune 500 companies, government and public sector organizations, and small and midmarket enterprises. For more information on HPE GreenLake, please visit: https://www.hpe.com/us/en/greenlake.html.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions delivered as a service – spanning Compute, Storage, Software, Intelligent Edge, High Performance Computing and Mission Critical Solutions – with a consistent experience across all clouds and edges, designed to help customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com
AMD, the AMD Arrow logo, EPYC, and combinations thereof are trademarks of Advanced Micro Devices, Inc.
Nahren Khizeran
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SE Ventures, Schneider Electric’s venture capital fund, joins MCJ Collective and existing investors to fund smarter, cleaner energy solutions
NEW YORK--(BUSINESS WIRE)--WattBuy, a clean energy platform that empowers consumers to choose more sustainable, affordable energy options, today announced it has raised $10 million in additional investment for its Series A round of funding. This raise is led by SE Ventures, a venture capital fund backed by Schneider Electric, along with MCJ Collective. Existing investors also participating in this round include Evergy Ventures, Updater, Powerhouse Ventures, Techstars Ventures, Avesta Fund and Yoav Lurie, bringing WattBuy’s total Series A raise to $13.25 million.
Each investor brings a significant track record of supporting early-stage climate tech startups across a wide range of sectors.
“While we were not planning to extend our Series A, the tremendous interest from partners like Schneider Electric and MCJ Collective that play a pivotal role in our future growth plans was impossible to ignore,” said Naman Trivedi, CEO and co-founder of WattBuy. “We value the commitment of these industry leaders to help us fundamentally reshape how consumers make energy decisions and support our mission of becoming the ‘everything platform’ for energy.”
The expansion of WattBuy’s Series A round follows significant customer growth over the last 12 months.
“We’re finding that companies across a growing number of verticals want to present climate-friendly, cost-saving solutions to their customers,” said Ben Hood, WattBuy’s co-founder and chief technology officer. “We’re the embedded solution that enables some of the biggest brands and enterprises in the world to provide that intelligent, seamless experience to their customers.”
“WattBuy is enabling enterprises in any industry to launch their own branded energy marketplaces to help consumers access affordable and clean energy options for their homes; which is an incredibly attractive value proposition for businesses with strong brands and a loyal customer base,” said Brock Smith, Managing Director at Evergy Ventures. Partners include market-leading Internet of Things platforms like Samsung SmartThings, personal finance applications like Intuit Mint and real estate platforms like Updater.
“We’re thrilled to be partnering with WattBuy at this inflection point and to help position the company’s technology as a foundational energy data fabric, helping consumers make smarter and ultimately cleaner energy choices,” said Grant Allen, general partner at SE Ventures, a venture capital fund backed by Schneider Electric with $600M under management. “We are always on the hunt for mission-oriented entrepreneurs aligned with Schneider Electric’s vision for a sustainable, all-electric future, and we’ve certainly found that in Naman and Ben.”
The funds from this round will enable WattBuy to double its team, expanding in product, data science and business development. Additionally, the company will soon launch a new solar service that provides residents across the country with community and rooftop solar options. Further, WattBuy will continue to build personalized energy products, services and tools for its engaged customers to unlock the potential of distributed energy resources.
“We need the clean energy and climate tech industries to evolve rapidly if we are going to meet the urgency of the climate crisis,” said Jason Jacobs, founder at MCJ Collective. “I’m proud to stand behind WattBuy’s goal of ensuring that clean, renewable energy is widely available, affordable and accessible to everyone.”
WattBuy also announced the hiring of Bobby Tulsiani as the company’s first Chief Financial Officer. Tulsiani joins WattBuy after serving as the head of strategy and finance at Opendoor and director of corporate planning and analysis for Netflix. Earlier in his career, Tulsiani held product management roles for Barnes & Noble and AOL.
"Since the company's earliest days, WattBuy has demonstrated not only an ability to offer cleaner electricity choices, but also a path to upend how consumers and businesses interact with energy providers," said Emily Kirsch, Founder and Managing Partner at Powerhouse Ventures. "The overwhelming level of investor interest in this round reflects the strong traction that WattBuy's API and channel partnerships have enabled."
Since its founding in 2017, WattBuy has raised a total of $16 million in venture funding.
About WattBuy
WattBuy empowers consumers to make smarter, cleaner energy choices through its marketplace of electricity solutions. The company's comprehensive set of APIs helps leading personal finance companies, real estate platforms, energy services businesses and more provide their customers with clean energy solutions and personalized energy analytics. For more information about WattBuy, please visit https://wattbuy.com/.
About Schneider Electric
At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.
Steve Smith
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2021 operational and financial results after the close of trading on Tuesday, October 26, 2021. Management will also host a live conference call on Wednesday, October 27, 2021 at 9:00 a.m. Central Time to review third quarter 2021 financial results and operational highlights.
To access the live conference call, domestic participants should dial (855) 875-8781 and international participants should dial (720) 634-2925. The conference ID and passcode is 5687666. The live conference call will also be available through the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. The replay for the event will be available on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab through November 30, 2021.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Mac Schmitz
Capital Markets Coordinator
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(972) 371-5225
The Energy Savings Performance Contract will intensify resilience against climate threats and reduce annual energy consumption
FRAMINGHAM, Mass. & PETALUMA, Calif.--(BUSINESS WIRE)--#batteryenergystorage--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has entered into a $43 million Energy Savings Performance Contract (ESPC) with the United States Coast Guard (USCG) at the service’s largest west coast training facility, Training Center (TRACEN) Petaluma. The project will be the USCG’s first Battery Energy Storage System (BESS) project and the Department of Homeland Security’s (DHS) largest solar renewable energy project integrated within the USCG’s first fully functional, renewable energy-powered microgrid.
TRACEN Petaluma faces a range of energy security and resiliency challenges endemic to the climate and regional power infrastructure in northern California. In light of the regularity and severity of weather events and utility interruptions affecting the site, USCG competitively selected Ameresco in February 2021 to fast-track development of a comprehensive ESPC to enhance the site’s electric infrastructure and resiliency posture. The microgrid will integrate existing distributed backup generators with a new 5 megawatt (MW) solar array and an 11.6MWh BESS to power the entire site in the event of a loss of utility (LoU). Planned improvements also feature the deployment of new power distribution transformers, Smart controls in 10 buildings across campus, LED lighting improvements for over 8,000 fixtures, installation of new electric vehicle (EV) charging infrastructure and heating, ventilation, and air conditioning (HVAC) equipment upgrades.
“This contract award enables continuity of operations in an environment of unpredictable climate hazards and will increase Training Center Petaluma’s relevance throughout the region, while sustaining our Coast Guard mission ready total workforce,” said Capt. Steven Ramassini, commanding officer for the training campus.
“Addressing the evolving needs of the Coast Guard means that we have to look beyond just using traditional direct appropriations. The use of energy performance contracts allows the Coast Guard to address critical infrastructure improvements in a timeframe that would be unachievable with customary methods and provides holistic solutions to complex issues. Leveraging partnerships and finding unique solutions is how the Coast Guard is able to accomplish mission critical improvements with our limited resources,” notes Rear Adm. Carola List, Assistant Commandant for Engineering and Logistics, and the Coast Guard’s chief engineer.
Once completed, Training Center Petaluma will realize a cost savings of more than $1.2 million in the first year alone. The project will also reduce the site’s annual electricity and propane consumption by 8.7M kWh and 50.8 kgal, respectively.
“We are so honored to lead the design and development of this historic project for the United States Coast Guard,” said Nicole Bulgarino, executive vice president, Ameresco. “The upgrades outlined integrate energy efficiency and clean onsite energy with advanced microgrid controls and significantly enhance the training facility’s energy resiliency. The finished project will set a strong precedent for future Federal renewable generation and battery storage projects.”
Construction on the project is set to begin in October 2021 and reach completion by Fall 2023.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About the United States Coast Guard
Since 1790, the Coast Guard has safeguarded the American people and promoted national security, border security, and economic prosperity in a complex and evolving maritime environment. The Coast Guard saves those in peril and protects the Nation from all maritime threats. As a branch of the U.S. Armed Forces, a law enforcement organization, a regulatory agency, a member of the U.S. Intelligence Community, and a first responder, the Coast Guard employs a unique mix of authorities, broad jurisdiction, flexible operational capabilities, and a network of partnerships. The Coast Guard is the principal Federal agency responsible for maritime safety, security, and environmental stewardship in U.S. ports and inland waterways, along more than 95,000 miles of U.S. coastline, throughout the 4.5 million square miles of U.S. Exclusive Economic Zone (EEZ), and on the high seas. For more information, visit https://www.uscg.mil/About/.
The announcement of a customer’s entry into a contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total backlog. This project was included in our previously reported awarded project backlog and assets in development as of June 30, 2021.
Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
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