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, announced that it has gone live with Master Terminal by Navis at Inter Modal Logistic (IML) Milano Segrate Terminal (Ignazio Messina & C SpA), a long-time Master Terminal customer. Milano Segrate is in the process of upgrading its inland and intermodal terminals to integrate with Intermodal Marine Terminal in the Port of Genoa which has operated on the TOS for more than 10 years. IML - Milano Segrate is Messina’s first intermodal terminal to go live on Master Terminal with future plans to expand to the Vicenza and Dinazzano inland terminals.
IML - Milano Segrate, an intermodal container depot that operates at 100,000 TEU annually, receives cargo from Genoa by train and distributes across Belgium, Holland, Germany and southern Italy. Having direct connectivity with and operating on the same system as its Genoa facility allows the Milano team to better track operations, gain better control over yard and terminal handling moves, optimize storage planning and scale EDI capabilities across multiple Messina terminals.
The three-month implementation was aided by staffers at the Genoa terminal who spearheaded training for gate clerks, yard supervisors, and yard planners at Milano alongside Navis who provided advanced training and go-live support.
“Our Milano team was relying on manual spreadsheets for storage planning and had challenges tracking containers before we implemented Master Terminal,” said Ignazio Messina, CEO of Ignazio Messina & C. SpA. “Shipping and logistics need integrated IT solutions like Master Terminal to address inefficiencies. It offers a commercial advantage that we look forward to adding throughout our company to gain the same insights we have in Milano and Genoa.”
The Master Terminal operating system provides an integrated, real-time view of all operations and data at any marine or inland terminal to enhance productivity and operational efficiency via data-driven decision making. The customizable operating system helps manage general and mixed cargo with intermodal capabilities.
“Since Genoa was already using Master Terminal, it was a quick and seamless implementation in Milano,” said Jacques Marchetti, General Manager, EMEA at Navis. “Improving yard operations was one of the biggest priorities on this project and as Messina terminals continue to integrate Master Terminal, crews will become even more efficient.”
For more information visit www.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
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Anna Patrick
Gregory FCA
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Company’s upcoming 110,000 square foot facility in Surrey to provide hundreds of jobs
VANCOUVER, British Columbia--(BUSINESS WIRE)--Damon Motors today announced it will build a cleantech manufacturing and R&D plant in Surrey B.C. The state-of-the-art, 110,000 square foot facility, being developed in partnership with Bosa Properties, will serve as ground zero for production of Damon’s flagship HyperSport, the world’s smartest, safest, fully electric motorcycle. Details will be revealed at a special kickoff ceremony on October 5, 10 a.m.–12 p.m. at the Surrey City Hall Atrium. Surrey Mayor Doug McCallum and Bruce Ralston, British Columbia Minister of Energy, Mines and Low Carbon Innovation, will be among the dignitaries in attendance.
“As Damon accelerates a clean energy future with our electric vehicles, we’re also introducing a cleaner, industry-leading manufacturing process,” said Jay Giraud, co-founder and CEO, Damon Motors. “We’re excited to produce our highly anticipated HyperSport motorcycles here in Surrey, British Columbia and look forward to this world-class facility delivering the safest and cleanest premium, high-technology motorcycles on the market.”
“We, at Bosa Family Companies, are proud to partner with such an exciting, new company to bring this site to life and drive new green jobs in our region,” added John Martin, Vice President at Bosa Commercial. “This local start-up success story is a source of great pride for British Columbians, and we’re pleased to be part of the strategy to keep Damon Motors thriving here at home.”
The new Damon manufacturing plant is expected to stimulate Surrey’s local economy with several hundred jobs. Projections suggest that by 2025, the plant will create more than 300 high-tech manufacturing jobs and more than 500 high-tech office jobs.
“British Columbia is quickly becoming an EV hotspot and the arrival of the Damon Motors manufacturing facility puts Surrey right in the middle of it,” said Surrey Mayor Doug McCallum. We’re honored Damon has selected Surrey for its production headquarters and are proud to welcome this dynamic and innovative young company to our city.”
“B.C. is home to many innovative clean-tech companies that are helping us grow as a leader in the electric vehicle sector,” said Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation. “We’re proud to support Damon Motors who will help us meet our Clean BC goals and create new good-paying jobs in the province. The strength of the innovative approach Damon Motors exhibits will propel the company toward being a global leader.”
Damon’s manufacturing plant announcement comes as the company has surpassed $40M in orders for the award-winning HyperSport. The electric superbike offers unparalleled safety, comfort, and performance with groundbreaking technology and zero tailpipe emissions. It features the CoPilot™ advanced warning system, Shift™, which transforms the riding position between sport and commuter modes while in motion, and HyperDrive™, the world’s first monocoque constructed, 100 percent electric, multi-variant powertrain platform.
To reserve your HyperSport and to learn more about Damon Motors, visit www.damon.com.
About Damon Motors Inc.
Damon is unleashing the full potential of personal mobility for the world’s commuters. With its HyperDrive™ proprietary electric powertrain, the company has developed the world’s safest, smartest, fully connected electric motorcycles employing sensor fusion, robotics and AI. Designed as a platform for worldwide line extension, Damon motorcycles will ship direct to customers on subscription plans to drive scale. Based in Vancouver, Canada, Damon is founded by serial entrepreneurs Jay Giraud and Dom Kwong. Learn more at damon.com and follow us on Instagram @damonmotorcycles.
About Bosa Commercial
Bosa Family Companies is a wholly-integrated, family-run company, with a 50 year history of innovation and excellence in construction, real estate development, asset management and real estate services, making it one of Canada’s most respected privately-owned brands. With roots in construction excellence, subsidiaries Bosa Properties, Bosa Commercial and BlueSky Properties benefit from the highest level of craftsmanship and precision in every detail from the in-house construction teams. Based in Vancouver, B.C., Bosa Commercial is full-service property management firm, providing management, operations and facilities services to a diverse portfolio of over 70 retail, office, industrial and mixed-use properties across the Lower Mainland, Vancouver Island, Northern BC and Interior BC. Our team of qualified property managers, administrators, operations managers and service providers come with years of experience in the industry, with a focused commitment of building customers for life. For more information, visit www.bosacommercial.com
Donna Loughlin Michaels
LMGPR
408.393.5575
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The headquarters relocation and personnel expansion will support Sustainable Oils target of contract-growing more than one million acres of camelina annually for renewable diesel production
GREAT FALLS, Mont.--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCQX: GCEH) today announced that Sustainable Oils, Inc., its camelina feedstock subsidiary, is relocating its North American headquarters to a new state-of-the-art facility in Great Falls, Montana. This new facility will consolidate Sustainable Oils crop innovation programs, commercial grower support and executive and administrative activities at one location and will be fully operational by November 1, 2021.
The new facility and the additions to its technical and commercial teams will support Sustainable Oils Camelina breeding and development program and Sustainable Oils’ goal of cultivating over one million acres of camelina to produce low carbon intensity, nonfood feedstock to be used at GCEH’s renewable diesel refinery in Bakersfield, California. Under its crop innovation and breeding programs, Sustainable Oils continues to increase the commercial value of camelina through agronomics and improved plant genetics to increase overall yield, modify plant oil chemistry to enhance biorefinery efficiency and improve livestock feed qualities.
“We have aggressive expansion plans for camelina production with our goal of over one million acres of annual production projected at market maturity, and Great Falls is an excellent location for our headquarters as it is the anchor of Montana’s agricultural ‘Golden Triangle,’” stated Mike Karst, President of Sustainable Oils. “While this is a large target for us, we believe it is a positive revenue generator for our contract growers as it will generate over $250 million per year of additional revenue to them and their rural communities.”
“Camelina is an integral part of the feedstock plan for GCEH’s vertically integrated farm-to-fuels strategy, to produce renewable diesel at its refinery in Bakersfield, California, and beyond. Our Camelina varieties have been approved through California's Low Carbon Fuel Standard program, which adds significant value to the camelina oil,” said Richard Palmer, CEO of GCEH. “We will continue to invest heavily in the science, grower education and the necessary grain logistical systems to make it a success in Montana and other states in the Western United States.”
Sustainable Oils maintains a large intellectual property portfolio of camelina, including various patented varieties. With a short growing cycle and excellent water efficiency, Sustainable Oils’ patented varieties exhibit superior agronomic performance and increased tolerance to both drought and frost versus alternative crops. Sustainable Oils’ Camelina also produces higher oil content and has the lowest carbon intensity score of any plant-based renewable diesel feedstock alternatives. Renewable diesel made from Sustainable Oils’ Camelina is a high-demand drop-in fuel that meets all specifications for today’s engines, which makes it the cropped feedstock of choice for renewable diesel production.
About Global Clean Energy Holdings, Inc.
Global Clean Energy Holdings, Inc. (“GCEH”) is a uniquely positioned vertically integrated renewable fuels company. GCEH’s strategy since the inception of its business has been to control the full integration of the entire biofuels supply chain from the development, production, processing, and transportation of feedstocks through to the refining and distribution of renewable fuels. GCEH is retooling and constructing its renewable diesel refinery in Bakersfield, California, which when completed in early 2022, will be the largest renewable fuels facility in the western United States and the largest in the country that produces renewable fuels from nonfood based feedstocks. More information can be found online at www.gceholdings.com.
GCEH Corporate Presentation: The Company is providing its initial Corporate Presentation to stakeholders on its website. This presentation describes the Company’s business strategy, unique industry position and environment, history, and general pertinent information. The presentation will be filed with the Securities and Exchange Commission and uploaded on the Company’s website.
About Sustainable Oils, Inc.
Sustainable Oils, Inc., GCEH’s wholly owned plant science subsidiary, owns an industry leading portfolio of intellectual property rights, including patents and production know-how, to produce its proprietary varieties of camelina as a nonfood based ultra-low carbon biofuels feedstock. Sustainable Oils, Inc. was formed in 2007 and its headquarters is in Great Falls, Montana.
Forward-Looking Statements
Certain matters discussed in this press release are “forward-looking statements” of Global Clean Energy Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, the Company’s ability to have one million acres of Camelina in production in Montana, are forward-looking statements and are subject to a number of risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the sections titled “Risk Factors” in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Global Clean Energy Holdings, Inc.
Natalie Findlay
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(424) 318-3518
Sustainable Oils, Inc.
Fran Castle
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(919) 348-8013
The new collaboration plans to leverage Nuvve’s technology and Stonepeak’s and Evolve’s capital through Levo to offer fully financed, V2G-enabled BYD medium- and heavy-duty electric fleet vehicles
LOS ANGELES & SAN DIEGO--(BUSINESS WIRE)--BYD, the world leader in electric vehicles, and Levo Mobility LLC (“Levo”), a joint venture of Nuvve Holding Corp. (Nasdaq: NVVE) (“Nuvve”), affiliates of Stonepeak Partners LP (“Stonepeak”), and Evolve Transition Infrastructure LP (NYSE American: SNMP) (“Evolve”) that provides Fleet-as-a-Service (“FaaS”) solutions enabling fleets to switch to electric vehicles (“EVs”) rapidly, today announced a collaboration to integrate Nuvve’s leading vehicle-to-grid (“V2G”) technology with a mix of BYD battery electric vehicles (“BEVs”) and plans for joint deployment of up to 5,000 BEVs over the next five years.
“The BYD-Levo collaboration has the potential to accelerate and transform the transportation sector at a critical time,” said BYD Motors President, Stella Li. “This innovative potential partnership leverages state-of-the-art BYD and Nuvve technologies and will provide access to Stonepeak’s financing, which will lower the cost of medium- and heavy-duty battery electric vehicle adoption for fleets of all types including mass transit, municipalities, last mile delivery and school districts.”
Nuvve’s proprietary V2G technology utilizes high-powered bidirectional charging stations, which not only charge the batteries but also discharge energy from the batteries back into the power grid as needed to help balance temporary spikes in electricity demand. Utilizing Nuvve’s bidirectional charging stations and proprietary software, the BEVs can act as energy storage assets discharging megawatts of capacity to the grid and performing other services that help stabilize the grid and prevent blackouts while ensuring that each BEV has enough charge for the next trip. In addition to saving electric fleets money by charging when utility rates are low, Nuvve’s platform also enables revenue opportunities from these grid services.
Through a preferred financing partnership with BYD, Levo intends to purchase up to 5,000 medium and heavy duty V2G-enabled BEVs over five years that may include transit buses and coaches, yard tractors, drayage and refuse trucks, last mile delivery vehicles and school buses.
Levo's comprehensive offering streamlines electrification by providing fleet owners and operators with a turnkey solution that includes electric vehicles, associated charging infrastructure and energy management powered by Nuvve, maintenance, site planning, and more. These services are provided to customers for a fixed monthly payment with no upfront cost.
“Our collaboration with BYD continues the momentum of transportation electrification that Nuvve is passionate about,” said Gregory Poilasne, Chairman and CEO of Nuvve and Chairman of Levo Mobility. “By integrating our V2G platform with a variety of medium and heavy-duty electric fleets, we can introduce these vehicles to the grid in a much more intelligent and sustainable way, help integrate more renewable energy sources, and ultimately accelerate the reduction of harmful CO2 emissions.”
“We are very pleased to foster a fantastic working relationship with Levo, Nuvve, and Stonepeak,” said Sam Kang, BYD’s head of Total Solutions. “This partnership would provide a much-needed financing solution and the world’s leading V2G platform to catalyze the electrification initiative. Ultimately, this will reduce substantial carbon emissions so we can all have a breath of fresh air.”
“With over $20B in revenue and more than 65k electric buses deployed worldwide, BYD is a giant in electric mobility – we are thrilled to announce Levo’s partnership with BYD as its preferred financing partner,” said Trent Kososki, Managing Director at Stonepeak. “Our joint efforts aim to rapidly accelerate deployments of safe, cost-effective and environmentally friendly electric transportation solutions leveraging Levo’s fully-financed solution. BYD’s customers now have a means to avoid up-front costs and immediately enjoy the immense benefits of electric vehicles including immediate, day one fuel and maintenance savings.”
About BYD
The Official Sponsor of Mother Nature™, BYD, which stands for Build Your Dreams, is the world’s leading electric vehicle company with proven innovative technology for cars, buses, trucks, forklifts, and rail systems – like SkyRail. BYD is dedicated to creating a truly zero-emission ecosystem offering technology for solar electricity generation, energy storage to save that electricity, and battery-electric vehicles powered by that clean energy. Globally, BYD is committed to corporate social responsibility, monitoring our supply chain in terms of human rights, environmental safety, hazardous substance control and intellectual property rights. We select only suppliers who share our commitment to labor practices, human rights standards and the environment.
BYD has 220,000 employees across the globe, including nearly 1,000 in North America. BYD is the world leader in electric vehicles with more than 65,000 battery-electric transit buses and motor coaches to customers worldwide.
For more information, please visit www.BYD.com or follow BYD on LinkedIn, Twitter, Facebook and YouTube.
About Levo Mobility
Levo Mobility LLC (Levo) is a joint venture of Nuvve Holding Corp., affiliates of Stonepeak Partners LP, and Evolve Transition Infrastructure LP that provides FaaS solutions enabling fleets to switch to electric vehicles quickly with no upfront costs and full financing options. For a flat fee, Levo provides turnkey support including site planning, construction services, deployment of V2G-enabled EVs and associated charging infrastructure, as well as maintenance and V2G energy management services to seamlessly transition a customer's fleet to electric while lowering their total cost of EV operation. Levo combines Nuvve’s proprietary V2G technology, EV OEM partnerships, and expertise in transportation electrification with substantial capital and additional resources from Stonepeak and Evolve to bridge the gap between the need to electrify transportation and the large upfront investment needed to do so. Levo’s mission is to be the all-in-one partner for fleet electrification while intelligently integrating EVs into the grid and increasing the penetration of clean energy sources. For more information visit levomobility.com.
About Nuvve Holding Corp.
Nuvve Holding Corp. (Nasdaq: NVVE) (“Nuvve”) is accelerating the electrification of transportation through its proprietary vehicle-to-grid (“V2G”) technology. Its mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources, including solar and wind. Nuvve’s Grid Integrated Vehicle, GIVe™, platform is refueling the next generation of electric vehicle fleets through intelligent, bidirectional charging solutions. Since its founding in 2010, Nuvve has launched successful V2G projects on five continents and is deploying commercial services worldwide by developing partnerships with utilities, automakers, and electric vehicle fleets. Nuvve is headquartered in San Diego, California, and can be found online at www.nuvve.com.
Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $39 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy transition, power and renewable energy, transport and logistics, and water. Stonepeak is headquartered in New York with offices in Houston, Austin and Hong Kong. For more information, please visit www.stonepeakpartners.com.
About Evolve
Evolve Transition Infrastructure LP (NYSE American: SNMP) is a publicly-traded limited partnership formed in 2005 focused on the acquisition, development and ownership of infrastructure critical to the transition of energy supply to lower carbon sources.
Additional information about Evolve can be found in the documents on file with the U.S. Securities and Exchange Commission (SEC) which are available on Evolve’s website at www.evolvetransition.com and on the SEC’s website at www.sec.gov.
Nuvve 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, regarding the Nuvve’s strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, 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, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve 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 Nuvve, including the following factors: (i) Nuvve’s dependence on widespread acceptance and adoption of electric vehicles, V2G, and increased installation of charging stations; (ii) Nuvve’s current dependence on sales of charging stations for most of its revenues; (iii) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (iv) potential adverse effects on Nuvve’s revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (v) the effects of competition on Nuvve’s future business; (vi) risks related to Nuvve’s dependence on its intellectual property and the risk that Nuvve’s technology could have undetected defects or errors; (vii) changes in applicable laws or regulations; (viii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (ix) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (x) the demand for, full financing of, and expected benefits from Levo electrification projects; and (xi) the possibility that Nuvve may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the quarterly report on Form 10-Q filed by Nuvve with the SEC on May 21, 2021; in the proxy statement/prospectus filed with the SEC under Rule 424(b)(3) on February 17, 2021, and in the other reports that Nuvve has filed and will file from time to time with the SEC. Nuvve’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Evolve Forward Looking Statements
This press release contains “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 are forward-looking statements. Any statements that refer to Evolve’s future strategy, future investments, future uses of capital, future operations, plans and objectives of management or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release may include, for example, statements about Evolve’s deployment of capital to Levo in support of the BYD-Levo collaboration, the anticipated benefits of such collaboration, and other statements about Levo or BYD. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “project” or the negative of such terms or other similar expressions. 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, Evolve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about BYD, Levo, Stonepeak and Evolve that may cause Evolve’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward looking statements. Management cautions all readers that the forward-looking statements contained in this press release are not guarantees of future performance, and Evolve cannot assure any reader that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in forward-looking statements. Evolve’s Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Report on Form 10-Q for the three months ended June 30, 2021 and other filings with the SEC which are available on Evolve’s website at www.evolvetransition.com and on the SEC’s website at www.sec.gov, discuss some of the important risk factors that may affect Evolve’s business, results of operations, and financial condition and you are encouraged to read such filings. These cautionary statements qualify all forward-looking statements attributable to Evolve or persons acting on Evolve’s behalf.
BYD
Jim Skeen/media relations specialist
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Nuvve Press Contact
(W)right On Communications
Chance Shay
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Nuvve Investor Contact
ICR
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Stonepeak Press Contact
Kate Beers
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Evolve Contact
Charles Ward
Chief Financial Officer
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(713) 800-9477
MINNEAPOLIS--(BUSINESS WIRE)--US Solar has been named the #1 Developer in Minnesota by Solar Power World. US Solar has been developing solar projects since 2015 and has been a market leader since the inception of the state’s community solar program. In 2020, US Solar installed 36,590 kW in Minnesota, which is enough electricity to power approximately 6,000 homes.
Since its founding, US Solar has developed over 125 MW of operational community solar in Minnesota, representing more than 15% of the program’s current operational capacity. Reed Richerson, COO of US Solar, said “As someone who grew up and resides in Minnesota, I'm proud to be part of a team that is helping Minnesota lead the country in community solar. And we'll strive to continue delivering impactful solar projects for our community, landowners, and subscribers.”
US Solar has subscribed over 2,000 residential households and 100 public and commercial entities to its community solar gardens. US Solar has secured a development pipeline of over 750 MW of solar generation and energy storage projects across a dozen states.
Solar Power World is the leading publication of solar technology, development, and installation. The Top Solar Contractors list is an annual feature of the publication, and this is its 10th edition. The full Minnesota Contractor list (including Developers) can be found at www.solarpowerworldonline.com/2021-top-minnesota-solar-contractors.
About US Solar
United States Solar Corporation ("US Solar") makes solar energy accessible with simple solutions that are as good for the wallet as they are for the environment. US Solar is a developer, owner, operator, and financier of solar generation and energy storage projects with a focus on emerging state markets and community solar programs. US Solar helps residents, public entities, and businesses reduce electricity costs with local, renewable energy. Additional information about US Solar and community solar subscriptions can be found by visiting www.us-solar.com.
Spencer Albers
612-252-9312
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HOUSTON--(BUSINESS WIRE)--$XPRO #XPRO--Expro Group Holdings N.V. (NYSE: XPRO), an international energy services company with market leadership in well access and well flow optimization, today announced that, in connection with the closing of the previously announced merger of Frank’s International and Expro Group Holdings International, the Company granted restricted stock unit awards to six employees of Expro Group or its subsidiaries as inducement awards pursuant to New York Stock Exchange Listing Rule 303A.08, representing an aggregate of 645,139 shares of Company common stock assuming target performance levels are achieved. These inducement grants consist of: (i) time-based restricted stock units (“RSUs”) that vest in three installments on February 22, 2023, February 22, 2024 and February 22, 2025, and (ii) performance-based RSUs that vest based on the Company’s relative total stockholder return performance over the three-year period ending December 31, 2023 and may be earned at 0% to 200% of target. Michael Jardon, the Company’s chief executive officer, was granted 113,062 time-based RSUs and 169,593 performance RSUs; Quinn Fanning, the Company’s chief financial officer, was granted 68,178 time-based RSUs and 45,452 performance RSUs; Alistair Geddes, the Company’s chief operating officer, was granted 61,360 time-based RSUs and 40,907 performance RSUs; Michael Bentham, the Company’s principal accounting officer, was granted 15,299 time-based RSUs and 10,199 performance RSUs; John McAlister, the Company’s general counsel, was granted 38,350 time-based RSUs and 25,567 performance RSUs; Karen David-Green, the Company’s chief communications, stakeholder and sustainability officer, was granted 19,816 time-based RSUs and 13,211 performance RSUs; and Keith Palmer, the Company’s primary integration lead, was granted 14,488 time-based RSUs and 9,659 performance RSUs.
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.
Expro Contacts:
Investors:
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
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+1 281 994 1056
Media:
Hannah Rumbles – Global Marketing and Communications Manager
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+44 1224 796 729
PLANO, Texas--(BUSINESS WIRE)--United Energy (OTCMKTS:UNRG):
United Energy announces it has signed a purchase agreement for a 140-mile natural gas pipeline in Wagoner County, Oklahoma, formerly owned by Red Fork Energy. This asset has 140+ miles of 3” to 16” transmission lines, including a 12” steel pipeline – capacity up to 20,000 MCFGD and comprises 5,000+ acres leasehold, and 89 company-owned wells with substantial Woodford Shale development opportunities. Closing is expected in October pending final due diligence.
“Natural Gas midstream assets are true gems in the current environment. Acquisition of the Wagoner Pipeline also opens numerous opportunities for stranded gas that hasn’t been able to capitalize on current commodity prices.” Brian Guinn, CEO of United Energy Corporation
August 2021 UNRG announced the acquisition of a strategic asset combination in the Cherokee Basin, located in Northeastern Oklahoma and Southeastern Kansas. The Company purchased Entransco Energy, LLC, serving as the Company’s licensed Operator in Oklahoma and Kansas, adding 250+ Coalbed Methane Gas (CBM) wells, 32,000 acres, 118 miles of pipeline and related oil and gas assets to its portfolio.
In addition, UNRG acquired 80 wells and 10,000 acres of CBM-producing wells from Montclair Energy – a project formerly known as ROCCS, the Rogers County Coal Seam Project.
The Entransco acquisition also included 49% ownership in an additional 200,000 acres of non-operated oil and gas leases, 2,200+ wells and 1,000+ miles of natural gas pipelines formerly owned by Constellation Energy Partners and Newfield Exploration.
UNRG forecasts 2,500+ MCFGD within Q4 and another 2,000+ MCFGD with the reactivation of the Wagoner Pipeline.
UNRG will soon be rolling out a proprietary well-pumping solution for the production of CBM wells. This innovative pump dramatically reduces operating costs of water-producing wells, eliminating the surface pump jack and many high-maintenance pumping expenses that have burdened previous operators.
“We’re on a mission. We’ll be one of the top 3 largest operators in the Cherokee Basin before year-end.” Brian Guinn
Media Contact:
Kimberly Stillwagon
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Brian Guinn
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INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems, is pleased to announce the completion of a community service project, in partnership with the Fuller Center for Housing, to help a central Indiana family realize its dream of home ownership.
Allison employees from across the organization exemplified Allison’s commitment to the community by volunteering to build a home for a local family in Indianapolis. Over the course of three weeks, 170 volunteers from across several organizations dedicated over 20,000 hours to complete the project. Allison Transmission provided financial support to build the home and supplied volunteers. Allison’s dedication to making a difference in the local community was translated through the support of its leaders and the response of the workforce. In addition to the hardworking group that supported the project, there were several other Allison team members on a waiting list eager to help with the construction of the home.
“Since 2010, Allison has partnered with the Fuller Center for Housing to support their mission to build homes for local families in need,” said Dave Graziosi, Chairman and CEO of Allison Transmission. “I want to thank Fuller House for providing Allison the opportunity to be involved in this home building project. We were honored to play a role in helping Francine and her two young children, Lieben and Louange, achieve the American dream of home ownership.”
In addition to the contributions Allison provided to the home build, the company has also pledged a $25,000 donation to the Fuller Center for Housing. Allison Transmission and the Fuller Center welcomed Francine and her children to their new home in a dedication ceremony on Friday, October 1, at 3 p.m. in Indianapolis. At the conclusion of the event, the Fuller Center presented Francine with the keys to her family’s new home.
To watch the dedication ceremony, please visit https://www.facebook.com/ALLISONTRANSMISSION/videos/1119933741747572. For more information on Allison Transmission’s efforts to make a difference in the communities where our employees live and work, and improve the lives of people around the world, please visit https://www.allisontransmission.com/company/corporate-responsibility.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, as well as a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,500 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Claire Gregory
Director, Global External Communications
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Scale, Stability and Carbon Neutral Power Drive Demand for U.S. Hosting at Core Scientific
AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific Holding Co. ("Core Scientific" or “the Company”), a leader in customizable infrastructure to large scale customers for blockchain hosting and digital asset mining, today announced that Atlas Mining, one of the largest digital asset miners in the world, has selected Core Scientific to host a large quantity of new Bitcoin miners that will require more than 100 MW of power when fully implemented. Installation of the new miners is expected to take place over a 15-month period.
“We are honored that Atlas Mining has chosen Core Scientific as its primary hosting partner in the United States,” said Mike Levitt, Chief Executive Officer of Core Scientific. “Core Scientific’s unmatched scale in North America enables us to accommodate the largest digital asset miners seeking to operate in a stable environment and with a net carbon neutral footprint. We look forward to a long-term partnership that will deliver best-in-class hosting services to Atlas Mining.”
“Core Scientific is our partner of choice in North America because of their ability to scale, deep knowledge of blockchain data center operations and professionalism,” said Raymond Yuan, Founder of Atlas Mining. “Core Scientific’s commitment to 100% net carbon neutral operations, innovation that drives profitability, and deep industry partnerships align very well with our values, and we look forward to a long, productive relationship.”
Core Scientific is one of the largest blockchain infrastructure providers in North America, utilizing its facilities and technology for both hosted mining and self-mining of digital assets. Core Scientific owns and operates data centers in North Carolina, Kentucky and Georgia. A new data center in North Dakota is scheduled to begin operation in the fourth calendar quarter of 2021. Core Scientific’s proprietary Minder® fleet management software combines the company’s hosting expertise with data analytics to deliver maximum uptime, alerting, monitoring and management of all miners in the Company’s network.
Core Scientific is a founding member of the Bitcoin Mining Council, which is dedicated to promoting transparency, sharing best practices and educating the public on the benefits of Bitcoin and Bitcoin mining.
About Core Scientific
Core Scientific is a best-in-class, large scale operator of dedicated, purpose-built facilities for digital asset mining and a premier provider of blockchain infrastructure, software solutions and services. As announced on July 21, 2021, Core Scientific entered into a definitive agreement with Power & Digital Infrastructure Acquisition Corp. (“XPDI”) (Nasdaq: XPDI, XPDW, XPDIU), a special purpose acquisition company, which would result in Core Scientific becoming a publicly listed company upon receiving regulatory approval, approval by Core Scientific’s and XPDI’s stockholders of the proposed merger and satisfaction of other customary closing conditions. To learn more, visit www.corescientific.com.
About Atlas Mining
Atlas Mining maintains an extensive computing network and digital infrastructures in multiple countries and regions across North America, North Europe and Middle Asia. The distributed operation brings boundless growth potential to the company, thus placing Atlas Mining in a truly unique position in this industry. In addition to the business expansion, Atlas Mining also helps in creating more job opportunity locally along with the long-standing commitment to advancing initiatives across ESG topics. It aims to empower the digital future with an anti-fragile network.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Such forward-looking statements include, but are not limited to, statements regarding possible or assumed future actions, business strategies, events or results of operations; projections, estimates and forecasts of revenue and other financial and performance metrics; projections of market opportunity and expectations; the estimated implied enterprise value of the combined company following the proposed merger between XPDI and Core Scientific (the “Transaction”); the combined company's ability to scale and grow its business and source clean and renewable energy; the advantages and expected growth of the combined company; the combined company's ability to source and retain talent; the cash position of the combined company following closing of the Transaction; XPDI's and Core Scientific's ability to consummate the Transaction; expectations related to the terms, timing and benefits of the Transaction; risks related to the novel coronavirus ("COVID-19") pandemic or the emergence of variant strains of COVID-19; the maintenance of key strategic relationships with partners and distributors; and changes in laws and regulations, including tax laws and laws relating to protection of the environment. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of XPDI's and Core Scientific's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of XPDI and Core Scientific. These forward-looking statements are subject to a number of risks and uncertainties, including the ability of XPDI and Core Scientific to successfully or timely consummate the proposed Transaction, including the risk that necessary regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction or approval of the stockholders of XPDI; failure to realize the anticipated benefits of the proposed Transaction; the combined company's ability to execute on its business model, potential business expansion opportunities and growth strategies, retain and expand customers' use of its services and attract new customers and source and maintain talent; risks relating to the combined company's sources of cash and cash resources; risks relating to the blockchain and frontier technology infrastructure sectors, including the unregulated nature of the digital asset space and potential future regulations, volatility of the price of digital assets, changes in the award structure for solving digital assets and limited availability of electric power resources; risks relating to Core Scientific's and the combined company's vulnerability to security breaches; risks relating to the uncertainty of the projected financial information with respect to the combined company; the combined company's ability to manage future growth; the effects of competition on the combined company's future business; the amount of redemption requests made by XPDI's public stockholders; the ability of XPDI or the combined company to issue equity or equity-linked securities in connection with the proposed Transaction or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the impact of the COVID-19 pandemic on Core Scientific's or the combined company's business and the global economy; and those factors discussed in XPDI's final prospectus related to its initial public offering dated February 9, 2021 under the heading "Risk Factors," in XPDI's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 under the heading "Risk Factors" filed with the SEC on May 25, 2021 and other documents of XPDI filed, or to be filed, with the SEC. If any of these risks materialize or XPDI's or Core Scientific's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither XPDI nor Core Scientific presently know or that XPDI and Core Scientific currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XPDI's and Core Scientific's expectations, plans or forecasts of future events and views as of the date of this press release. XPDI and Core Scientific anticipate that subsequent events and developments will cause XPDI's and Core Scientific's assessments to change. However, while XPDI and Core Scientific may elect to update these forward-looking statements at some point in the future, XPDI and Core Scientific specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing XPDI's and Core Scientific's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
As of June 30, 2021, over 50% of the power used in Core Scientific’s operation was generated from non-carbon emitting sources by local power providers pursuant to long-term power contracts. The Company determines whether power is generated from non-emitting energy sources from dispatch reports or grid generation mix reports provided by our power providers. Based on these reports Core Scientific purchased Green-e certified renewable energy credits (“RECs”) to offset 100% of our carbon consumption. The Company expects to maintain its 100% net carbon neutrality by increasing its overall use of renewable power and by purchasing RECs when necessary.
Additional Information and Where to Find It
The proposed Transaction will be submitted to stockholders of XPDI for their approval. The Registration Statement on Form S-4 that XPDI has filed with the SEC includes a proxy statement/prospectus, which will be distributed to XPDI's stockholders in connection with XPDI's solicitation of proxies for the vote on the proposed Transaction. After the Registration Statement has been declared effective, XPDI will mail the proxy statement/prospectus to XPDI stockholders as of the record date established for voting on the proposed Transaction and other matters to be presented at the special meeting of XPDI stockholders. XPDI's stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus and any amendments thereto because these documents contain important information about XPDI, Core Scientific and the proposed Transaction. Stockholders may also obtain a copy of the proxy statement/prospectus, as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by XPDI, without charge, at the SEC's website located at www.sec.gov or by directing a request to 321 North Clark Street, Suite 2440, Chicago, IL 60654.
Participants in the Solicitation
XPDI, Core Scientific and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from XPDI's stockholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of XPDI's stockholders in connection with the proposed Transaction will be set forth in XPDI's proxy statement/prospectus that has been filed with the SEC. You can find more information about XPDI's directors and executive officers in XPDI's final prospectus related to its initial public offering dated February 9, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests is included in the proxy statement/prospectus. Stockholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Investors:
Steven Gitlin
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HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, announced today that effective January 1, 2022, the company is implementing a carbon dioxide (CO2) surcharge on all carbon blacks produced in Europe, to the extent contracts allow.
The official EU Emission Trading System (ETS) aims to support the EU climate neutrality target by 2050 and the intermediate target of at least 55 percent net reduction in greenhouse gas emissions by 2030 compared to 1990. The EU ETS has entered its fourth trading phase (2021-2030) resulting in additional costs based on direct CO2 emissions for the carbon black industry.
In consequence, the company will introduce a respective surcharge to its customers in order to continue being a reliable, long-term global supplier of high-quality products and services while manufacturing its carbon black products safely and sustainably.
About Orion Engineered Carbons
Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires, and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. For more information, please visit orioncarbons.com.
Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.
Wendy Wilson
Orion Engineered Carbons
Investor Relations
+1 281-974-0155
William Foreman
Orion Engineered Carbons
Corporate Communications
+1 281-889-7833
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Co. (NYSE: CR) announces the following schedule and teleconference information for its third quarter 2021 earnings release:
Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers in the chemicals, oil & gas, power, automated payment solutions, banknote design and production and aerospace & defense markets, along with a wide range of general industrial and consumer related end markets. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies and Engineered Materials. Crane Co. has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.
Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com
New Cypress, CA Headquarters Location Will Support Company’s World-Class Testing and Manufacturing Capabilities to Meet Growing Demand
LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, has leased a new Class A, state-of-the-art headquarters and manufacturing facility located in Cypress, California. The facility will support Romeo Power’s expansion of battery development and testing capabilities adjacent to its production line, allowing for faster innovation and time to market.
The modern 215,000 square foot facility includes 191,000 square feet of industrial space that will be designed to double critical laboratory and testing capacity. The expanded manufacturing capabilities will enhance throughput, quality and cost effectiveness. Significantly increased office space will also allow for continued organizational investment in scientific, engineering and other support resources driving growth. The transition to the new facility is currently expected to begin in the near future and is expected to be completed over the next 6-9 months.
“The development of this new facility is an important milestone for Romeo Power and provides a critical foundation as we continue to further enhance our industry leading technology and scale to meet the growing needs of our customers for our products,” said President and Chief Executive Officer, Susan Brennan.
Brennan continued, “Since the company’s founding, Romeo Power has been committed to meeting the ever-changing needs of the electrification market and demand continues to grow. Safety, enhanced performance and optimal value for BEV owners and fleet managers is an expectation of our customers and continuing to deliver new and innovative solutions is what differentiates Romeo Power. Order growth demands a new strategy for space optimization, and we are grateful to have found a great location to meet our expected growth trajectory.”
Romeo Power develops batteries and battery management systems for Battery Electric Vehicle (BEV) manufacturers requiring the greatest energy density and longest ranges resulting in the lowest total cost of ownership for vehicle owners and fleet managers. Romeo Power’s efficient and highly adaptable battery solutions are designed to enable BEV owners to eliminate negative emissions in a safe and cost-effective manner so they can meet the evolving environmental regulations in the United States and abroad. Since its founding, Romeo Power has been winning customers among key heavy-duty commercial BEV manufacturers and fleet managers based on industry leading safety technology and energy density, end-use scalability and unique built-in energy management intelligence optimizing charging time, mileage and battery life. This premium combination of product features translates to superior vehicle and fleet uptime, enhanced profit per mile and maximized return on battery investment for vehicle owners and fleet managers. The electric vehicle industry has reached a critical inflection point and the demand for affordable high-density battery solutions is at an all-time high.
About Romeo Power
Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The company’s suite of advanced hardware, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, please follow the company on social @romeopowerinc or visit romeopower.com.
Notice Regarding Forward Looking Statements
Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management’s current beliefs and expectations. These statements include, but are not limited to, statements that relate to Romeo Power’s business and its future, including the timing of its transition to the new facility, the ability of Romeo Power to improve throughput, quality and cost-effectiveness of its products at the new facility, the demand for high-density battery solutions, and any statements that relate to the intent, belief, plans or expectations of Romeo Power or its management, or that are not a statement of historical fact. These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Romeo Power in general, see the risk disclosures in Romeo Power’s Annual Report on Form 10-K for the year ended December 31, 2020, and in other filings made with the SEC by Romeo Power. Forward-looking statements speak only as of the date they are made, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Modified fuel helps lower exhaust emissions to overcome soot, nitrogen oxide reduction trade-off
SAN ANTONIO--(BUSINESS WIRE)--#NOx--Southwest Research Institute (SwRI) is helping a client develop a simple post-refinery treatment process that reduces exhaust emissions from diesel engines by overcoming the soot/nitrogen oxides (NOx) reduction trade-off that has plagued engine researchers for decades. The result is a modified fuel that potentially could replace today’s ultra-low sulfur diesel, biodiesel and other renewable diesel fuels.
The modified fuel reduces soot production without increasing NOx and without requiring engine design or calibration changes.
Although engine manufacturers routinely develop cleaner engines for new vehicles, older model vehicles continue to contribute heavily to pollution levels. This new modified fuel could potentially lower exhaust NOx and particulates for both older and newer model diesel engine vehicles.
“While fossil fuels eventually may be replaced by electric powertrains or noncarbon fuels in our lifetime, the process developed with our client could be implemented immediately,” said project manager James Wood, a principal scientist in SwRI’s Chemistry and Chemical Engineering Division.
SwRI designed, built and operated a bench-scale processing plant to produce modified fuel samples for laboratory testing. This internationally patented breakthrough technology introduces a unique low concentration chemical treatment that is combined with a specialized mechanical mixing system that produces a treated diesel fuel that is stable for long periods of time. This establishes a blend-in process that easily modifies the fuel. The specimens demonstrated conformance to ASTM physical, mechanical, rheological, thermal and chemical fuel requirements.
SwRI’s Powertrain Engineering Division evaluated the fuels during steady-state and transient engine emissions testing according to Environmental Protection Agency test procedures. “The modified fuel resulted in a substantial reduction in soot mass emissions compared to the baseline ultra-low sulfur diesel,” said Dr. Imad Khalek, a senior program manager who operates SwRI’s particulate laboratory.
Based on the bench-scale plant, SwRI helped design a production-scale facility that meets ASTM International and ANSI (American National Standards Institute) standards and is capable of processing 12,000 barrels per day (150 million gallons per year).
For more information, visit https://www.swri.org/gas-oil-production-support-services.
https://www.swri.org/press-release/swri-engineers-help-develop-cleaner-burning-diesel-fuels
Tracey M.S. Whelan • (210) 522-2256 or This email address is being protected from spambots. You need JavaScript enabled to view it.
AMES, Iowa--(BUSINESS WIRE)--$REGI #REG--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that the company has extended and increased its line of credit with Wells Fargo Capital Finance, a division of Wells Fargo Bank, Fifth Third Bank, and Bank of America to a maximum of $250 million. This is a five-year extension through September 2026 of the company’s existing line of credit that was previously in the maximum amount of $150 million and would have matured at the end of September 2021.
Along with the increase in the borrowing capacity to a maximum of $250 million announced today, the company also has the right to request additional revolving loan commitments, if consented to by the lenders and subject to customary conditions, in order to further expand the line of credit to a maximum of $350 million.
“We believe this increased line of credit reflects the strength of our business model, performance track record, and growth potential that is underpinned by a strong balance sheet,” said REG Chief Financial Officer Craig Bealmear. “We are grateful for the relationship and commitment Wells Fargo and Fifth Third have shown over the past five years and are excited to welcome Bank of America into the line of credit banking group.”
“This increased line of credit signals confidence in the future of renewable fuels and the very real societal demand for cleaner, lower carbon fuels,” said REG President & CEO Cynthia ‘CJ’ Warner. “We remain focused on executing our business strategy and delivering real carbon reduction solutions that are making a positive environmental impact today.”
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming 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 11 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.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to our borrowing capacity, our ability to request additional loan commitments, the strength of our business model, our growth potential societal demand for cleaner, lower carbon fuels, and executing our business strategy and delivering real carbon reduction solutions. 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, our inability to access or increase our borrowing capacity under the credit facility, and other risks described in REG's annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and from time to time in REG's other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and we do not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
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515-239-8184
The two organizations celebrated a ribbon cutting at the facility on October 4, 2021
AMES, Iowa--(BUSINESS WIRE)--Ames-based biofuels producer, Renewable Energy Group, Inc. (REG) (NASDAQ: REGI), joined Iowa State University (ISU) at the BioCentury Research Farm (BCRF) for a ribbon cutting ceremony on Monday to celebrate the start of a new hydrotreater pilot plant. This project is the result of a three-year collaboration between REG and the ISU Bioeconomy Institute.
REG is a global advanced biofuels producer that converts waste and byproduct fats and oils, referred to as feedstocks, into biodiesel and renewable diesel, both cleaner alternatives to traditional petroleum diesel. The ISU BCRF is an integrated research and demonstration facility dedicated to biomass production and processing. This hydrotreater pilot plant will utilize the expertise of both organizations to better understand how various biomass feedstocks can play a role in the production of renewable fuels with a specific focus on renewable diesel.
“This project is a result of our longstanding partnership with Iowa State University, and our joint interest in continuing to position the state of Iowa as a hub for innovation and excellence,” said REG President & CEO, Cynthia (CJ) Warner. “As one of the first biodiesel and renewable diesel producers in the nation, innovating is in our DNA, and having the capability to develop additional feedstock options for our industry will help meet the growing demand for cleaner fuels.”
Renewable diesel is a low-carbon cleaner fuel that, through a catalytic process utilizing heat, pressure and hydrogen, known as hydrotreating, can convert feedstocks into a hydrocarbon fuel that is chemically similar to traditional diesel. Research at this new hydrotreater pilot plant will support REG’s Geismar, Louisiana renewable diesel plant by helping to evaluate new low-carbon feedstocks and optimize production of renewable diesel and sustainable aviation fuel (SAF).
REG’s Geismar, Louisiana renewable diesel production facility was the first renewable diesel production facility located in the U.S. and currently produces 90 million gallons of renewable diesel each year. By 2023, the facility will have the capacity to produce 340 million gallons of renewable diesel through an improvement and expansion project that was announced by REG in 2020. Through the work being done with the hydrotreater pilot plant, REG will continue to build on feedstock abundance for the growing renewable diesel and biodiesel industries.
“ISU is a world-class research institution on the cutting edge of agriculture and biomass utilization, and REG is an industry leader in converting waste biomass to renewable fuels,” said Wendy Wintersteen, President of Iowa State University. “This project is a great collaboration that highlights the commitment to innovation and leverages the strengths of both REG and ISU.”
The pilot plant is a multi-reactor state-of-the-art research and development unit designed by REG’s engineering teams to accelerate the development of new feedstocks and processes. The system is fully automated and configured to run safely and reliably for weeks at a time.
The ribbon cutting event included representatives from REG and ISU, as well as some members of the community. Both President & CEO Warner and President Wintersteen were in attendance at the event.
For more information about REG, visit www.regi.com and visit www.biocenturyresearchfarm.iastate.edu to learn more about the BioCentury Research Farm.
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming 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.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the success of the collaboration with ISU and the hydrotreater pilot plant generally, the growing demand for certain fuels, the expected capacity of our Geismar, Louisiana renewable diesel production facility, the growth of the renewable diesel and biodiesel industries, and our ability to build on feedstock abundance. 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 success of our business plan, market factors and progress on the construction of our Geismar, Louisiana renewable diesel production facility, and other risks described in REG's annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and from time to time in REG's other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and we do not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
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(515) 979-3771
New industry initiative aims to increase the number of women in the mobility sector by 10% in 10 years.
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation’s Cubic Transportation Systems (CTS) business division has taken the MobilityXX pledge, dedicated to increasing the number of women from all backgrounds in the transportation sector by 10% in 10 years.
Alarmingly, women make up only 15% of the transportation workforce, and according to census data, the proportion of women in transportation occupations only increased by 3% from 2005 to 2019. Undoubtedly, transportation isn’t the only field where women are underrepresented, but the percentage is relatively low compared to other occupations. Women make up 36% of physicians and 37% of lawyers in the U.S., for example, but their participation in those fields has grown steadily.
MobilityXX is a partnership of the Intelligent Transportation Society of America (ITS America), The Ray, and WTS International. It is engaging the broader transportation industry to give more women a seat at the table by pledging to complete two or more action items over the next year that promote diversity and increase the number and influence of women within their organization. CTS is committed to advancing corporate sponsorship and employee resource groups, and diversifying industry panels as part of its pledge.
“At Cubic Transportation Systems, we are constantly discussing inclusivity with our employees, and it’s time we take action and break the barriers for women,” said Jeff Lowinger, president of Cubic Transportation Systems. “Throughout many of our teams at CTS, we have bold, innovative women making ground-breaking changes that are helping our company strengthen and grow, and we would love to see more of that in the industry. We are proud to pledge with MobilityXX.”
It’s essential to bring more women and women of color into transportation, particularly into decision-making roles. Having more diverse voices to weigh in will help solve critical challenges in the transportation space, which will improve the traveler experience and organizational success. According to McKinsey & Company, companies in the top quarter for gender diversity on executive teams are 21% more likely to outperform on profitability.
Interestingly, despite the lack of women in the mobility industry, they spend more on transportation than men, often due to handling household trips and errands, and opting for safer mobility options. The median extra costs women pay in New York City compared to men, for example, is $26-50 per month.
“With women using and investing more in transit, they deserve a seat at the table and an opportunity to share their experiences,” said Bonnie Crawford, vice president and general manager of Umo. “There is a natural assumption that transit events must be filled with executives, who are often men. Instead of stacking a conference panel with senior leaders, the transportation industry would benefit by leveraging talented women who often hold subject matter expert roles at various levels. Operators and product specialists have a perspective and proximity to the customer base that’s incredibly valuable – and often inaccessible by the C-suite. By gathering a broad cross-section of people, the entire industry will benefit from their shared experiences.”
Today, Mobility XX launched its #10in10 campaign, primarily on social media, to build awareness and encourage organizations to take the pledge. Check out Twitter, Instagram, LinkedIn, and Facebook for the first ten days of October and help spread the word. To learn more, visit https://www.mobilityxx.org/.
About Cubic Corporation
Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation.
Lauren Jochum
Cubic Transportation Systems
PH: +1 865.466.3860
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High power density solar cells eliminate device battery waste and operational replacement costs
MILL VALLEY, Calif.--(BUSINESS WIRE)--Ambient Photonics and Universal Electronics Inc. (UEI) (NASDAQ: UEIC), have entered into a working relationship to significantly reduce the economic and environmental impact of disposable batteries and improve convenience in consumer devices. Embedding Ambient’s first-of-its-kind low light energy harvesting photovoltaic (PV) technology into connected devices can eventually eliminate the replacement and labor costs required to replace batteries as well as reduce the carbon footprint of a battery-powered device by up to 90 percent, according to a 2020 literature review study commissioned by Ambient. The companies plan to reveal more details of their current work together at CES 2022 in Las Vegas, Nevada.
“We think about smarter living holistically, including everything from how to create frictionless and new consumer experiences to employing technology that’s better for the planet. Ambient’s revolutionary low light PV cells are smarter in every sense of the word, potentially enabling a new generation of hassle-free connected devices of uncompromising quality that are also sustainable,” said Arsham Hatambeiki, SVP Product & Technology for UEI.
Connected and smart electronics require continuous power, which has historically meant batteries must be periodically replaced or recharged. Often depleted batteries may cause gaps in device operation leading to consumer frustration. Safe disposal is a challenge while recycling can be difficult and expensive. Even in markets like California where batteries must be diverted from waste streams by law, less than 1 percent of batteries find their way into authorized recycling programs according to a report commissioned by the California Department of Resources Recycling and Recovery.
“As a first-mover and innovator, UEI has thoroughly benchmarked the performance and reliability of our novel solar cells to validate the enormous market potential for self-powered devices,” said Ambient CEO Bates Marshall. “UEI is proactively solving their customers’ battery-related pain points, like eliminating battery replacement. Our planned collaboration can serve to bring both cost savings and sustainability benefits to a market that has been constrained far too long by battery-based power systems.”
Ambient dye sensitized PV cells generate as much as three times more power than amorphous silicon cells, which have served as the most commonly used photovoltaic solution for indoor applications. This unique high power density under LED, fluorescent or diffuse sunlight coupled with a breakthrough industrial printing process enables made-to-order cells for high volume electronic device manufacturers.
To learn more about Ambient’s breakthrough technology and self-powered devices, visit: ambientphotonics.com.
About Universal Electronics Inc.
Founded in 1986, Universal Electronics Inc. (NASDAQ: UEIC) is the global leader in wireless universal control solutions for home entertainment and smart home devices. We design, develop, manufacture, ship and support control and sensor technology solutions and a broad line of universal control systems, audio video accessories, and intelligent wireless security and smart home products. Our products and solutions are used by the world's leading brands in the video services, consumer electronics, security, home automation, climate control and home appliance markets. For more information, visit www.uei.com.
About Ambient Photonics
Ambient Photonics was founded in 2019 in California to bring low light energy harvesting technology to mass scale. The company’s low light solar PV cells deliver ground-breaking power density from a broader spectrum of ambient light, inspiring a new era in connected device form and function. Ambient works with leading global smart home and IoT device manufacturers on embedded solar cells to deliver superior design possibilities, performance, sustainability and consumer convenience. Explore endless power at: ambientphotonics.com.
Safe Harbor Statement
This press release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, delivery and market acceptance of products and technologies identified in this release; the successful development and manufacturing of underlying technologies by Ambient, the ability of UEI to purchase the Ambient PV cell products identified in this release in the quantities anticipated by management; the continued penetration and growth of battery-less and self-powered technology and other products and technologies identified in this release; and other factors described in UEI’s filings with the Securities and Exchange Commission. The actual results that UEI achieves may differ materially from any forward-looking statement due to such risks and uncertainties. UEI undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Christine Bennett for Ambient Photonics
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Shoshana Leon for Universal Electronics Inc.
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DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending September 30, 2021 on November 2, 2021, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on November 2, 2021 at 4:00 p.m. Eastern time to discuss financial results.
This webcast may be accessed at:
https://events.q4inc.com/attendee/931953223
An audio archive of this webcast will be available using the above noted link through November 16, 2021.
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. The Partnership, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.
Holly Energy Partners, L.P.
Craig Biery, 214-954-6511
Vice President, Investor Relations
or
Trey Schonter, 214-954-6511
Investor Relations
LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (PCTL Pink) is pleased to announce that it has acquired rights to a novel liquid- and gaseous-delivery technology developed by Colorado-based Onza Corporation (OnzaCorp.com) The patent-pending technology will allow PCT (para-con.com) to convert its proprietary hypochlorous acid into a dry crystal, making it much simpler to handle and ship while still maintaining all its inherent qualities. On arrival to customers, it can be easily converted back to liquid form, which means that its normal 30-day active life can be extended until needed.
Gary Grieco, CEO and Chairman of PCT LTD stated, “Shipping costs and shelf life have been real limiting factors for the expansion of our fluid sales. Incorporating this technology to essentially eliminate fluid weight and greatly extend the shelf life is a game changer!”
This new cost-cutting delivery method for efficacious but unstable compounds like chlorine dioxide and hypochlorous acid opens the door to several new uses and applications for these compounds while greatly expanding current markets. Without this technology, these compounds must be produced onsite for immediate use. The half-life of chlorine dioxide, for example, is short; depending on conditions, it may be as short as a few minutes.
Onza is a technology company based in Colorado that has also applied its platform technology to successfully stabilize ozone gas into a solid, stable matrix. The company has been successful in crystalizing and shipping efficacious amounts of ozone for use weeks later. Bacterial testing using the crystalized compound conducted at a leading US medical university verified high-killing assays against E. Coli. A third-party testing was carried out at an ISO-17025 accredited laboratory has shown killing of many other common food-borne pathogens. All results were repeatable across organisms and production batches.
PCT LTD has negotiated exclusive rights for any application with respect to crystalized hypochlorous acid and exclusive medical applications for crystalized chlorine dioxide. Market study and cost analysis plans are being formulated for both compounds to be tested in multiple applications and scenarios.
About PCT LTD:
PCT LTD ("PCTL") focuses its business on acquiring, developing and providing sustainable, environmentally safe disinfecting, cleaning and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly-owned operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). The Company established entry into its target markets with commercially viable products in the United States and now continues to gain market share in the U.S. and U.K.
Forward-Looking Statements:
This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Such statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements involve risks and uncertainties, including but not limited to: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; the anticipated results of business contracts with regard to revenue; and any other effects resulting from the information disclosed above; risks and effects of legal and administrative proceedings and government regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements PCTL makes in this press release include market conditions and those set forth in reports or documents it files from time to time with the SEC. PCTL undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contact
Michael Iorlano
(760) 621-0062
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or
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www.para-con.com
www.pctcorphealth.com
Twitter: https://mobile.twitter.com/PCTL_
DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) (the "Company") plans to announce results for its quarter ending September 30, 2021 on November 3, 2021, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on November 3, 2021 at 8:30 a.m. Eastern time to discuss financial results.
This webcast may be accessed at:
https://event.on24.com/wcc/r/3453047/731944E4F0294137EB72C182BC77BB87
An audio archive of this webcast will be available using the above noted link through November 17, 2021.
About HollyFrontier Corporation:
HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.
HollyFrontier Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Investor Relations
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