Company releases sustainability strategy update detailing innovative programs and clean energy investments
SAN DIEGO--(BUSINESS WIRE)--#SustainableSDGE--Today San Diego Gas & Electric Company (SDG&E) released its annual sustainability strategy update, highlighting what it has accomplished over the past year to help create a clean, resilient and equitable future, as well as outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas emissions by 2045.
“Over the past year, we spent a lot of time listening to a wide cross section of stakeholders so that we could incorporate their feedback into our long-term strategy to move our region closer to carbon neutrality,” said SDG&E CEO Caroline Winn. “We recognize we still have much work to do and that we can’t do it alone. Community partners who support and challenge us in our work to develop sustainability solutions are invaluable as we focus on strengthening climate equity and community resilience where we all call home.”
SDG&E’s new sustainability goals include:
SDG&E released a comprehensive sustainability strategy in October 2020, which included several aspirational goals. In the interest of accountability and transparency, the company committed to providing an annual update on its progress toward meeting its sustainability goals. Highlights of the company’s accomplishments over the past year include:
To view SDG&E’s sustainability strategy update and learn more about its programs, visit sdge.com/sustainability.
Photos of sustainability projects available
SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
In this press release, forward-looking statements can be identified by words such as “believes,” “expects,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.
Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S. in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) the ability to realize anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; the impact on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; volatility in inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.
These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.
This press release may include market, demographic and industry data and forecasts that are based on or derived from third-party sources such as independent industry publications, publicly available information, government data and other similar information from third parties. We do not guarantee the accuracy or completeness of any of this information, and we have not independently verified any of the information provided by these third-party sources. In addition, market, demographic and industry data and forecasts involve estimates, assumptions and other uncertainties and are subject to change based on various factors, including those discussed above. Accordingly, you should not place undue reliance on any of this information. This report also contains links to third-party websites that are not hosted or managed by Sempra or its family of companies, including SDG&E. We are not responsible for, nor do we recommend, endorse or support, any information contained on any such third-party websites.
Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
1 Caltrans Greenhouse Gas Emissions and Mitigation Report, published Aug. 2020
2 California Air Resource Board (CARB)
3 California Public Utilities Commission (CPUC) definition of Zero Net Energy
Krista Van Tassel
San Diego Gas & Electric
1-877-866-2066, This email address is being protected from spambots. You need JavaScript enabled to view it.
sdge.com
Twitter: @sdge
DUBLIN--(BUSINESS WIRE)--The "Global Drilling and Completion Fluids Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the drilling and completion fluids market and it is poised to grow by $3.99 billion during 2021-2025, progressing at a CAGR of 6.63% during the forecast period.
The report on the drilling and completion fluids market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing global rig activity and increasing investments in oil and gas E&P activities.
The drilling and completion fluids market analysis includes the application segment and geographic landscape. This study identifies the rise in unconventional oil and gas E&P activities as one of the prime reasons driving the drilling and completion fluids market growth during the next few years.
Companies Mentioned
The report on drilling and completion fluids market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Geographic Landscape
7. Vendor Landscape
8. Vendor Analysis
9. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/sarbjy
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Approval to supply carbon-neutral Renewable Natural Gas to meet the needs of 1,900 homes in the Metro Vancouver region
VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (TSXV:EVGN) (“EverGen”, or the “Company”), Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, announces that the British Columbia Utilities Commission (“BCUC”) has approved the RNG offtake agreement with FortisBC Energy Inc. (“FortisBC”) for the Company’s anaerobic digester expansion project at its Net Zero Waste Abbotsford Inc. (“NZWA”) composting and organic processing facility in Abbotsford, British Columbia.
The Company previously announced that its wholly owned subsidiary NZWA entered into a 20-year offtake agreement with FortisBC. Under the agreement, FortisBC will purchase up to 173,000 gigajoules of RNG annually for injection into its natural gas system. The project is expected to convert municipal and commercial organic waste into enough energy to meet the needs of approximately 1,900 residential homes.
This marks the final regulatory step with respect to the NZWA offtake agreement. Upon completion of NZWA project development and construction activities, EverGen expects to begin supplying Renewable Natural Gas from the project to FortisBC’s network by early 2023.
“The approval of the RNG offtake agreement for our anerobic digester project by BCUC marks an important milestone for the NZWA expansion project and moves the facility one step closer to having an even greater positive impact on our environment and reducing the negative effects of climate change,” says EverGen Co-Founder and CEO Chase Edgelow. “Not only does our renewable natural gas platform and this project provide a positive solution and the highest end use for organic waste in the Lower Mainland region, it is also contributing to the use of carbon-neutral renewable fuel sources and captures emissions that would otherwise be released into the environment.”
Renewable Natural Gas is a carbon neutral energy made from decomposing organic waste. It displaces conventional natural gas in existing natural gas lines, thereby reducing the emissions from the natural gas system. Increasing the amount of renewable gas in FortisBC’s system is key to the organization achieving its 30BY30 target – an ambitious goal to reduce its customers’ greenhouse gas emissions by 30 per cent by 2030. FortisBC’s 30BY30 target is among the most ambitious emissions reductions targets in the Canadian utility sector and its' renewable gas targets align with the provincial government's goals in its CleanBC plan.
"Renewable Natural Gas is key to a lower carbon future for BC, capturing methane that would otherwise escape into the atmosphere and repurposing it as carbon neutral energy in our existing natural gas system," explained Scott Gramm, manager of renewable gas supply with FortisBC. "Adding new RNG supply is crucial in lowering provincial emissions and we're happy to welcome EverGen to our list of RNG suppliers who are helping make that possible."
For more information about EverGen, please visit www.evergeninfra.com.
For more information about FortisBC’s RNG program, please visit www.fortisbc.com/RNG.
About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. Incorporated in 2020, EverGen is now established to acquire, develop, build, own and operate a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America.
Forward-Looking Information
This news release contains forward-looking statements and/or forward-looking information (collectively, “forward looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, believes”, “explores” and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the ongoing COVID19 pandemic; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company’s completed acquisitions; the sufficiency of EverGen’s liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, many of which are beyond the control of EverGen.
Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such forward looking statements.
The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly be required by law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
EverGen's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.
For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.
EverGen Investor Contact
Kelly Castledine
416-576-8158
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EverGen Media Contact
Katie Reiach
604.614.5283
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from August 15, 2021 through November 14, 2021. This distribution will be payable on November 15, 2021 to holders of record as of the opening of business on November 1, 2021.
The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s Series B preferred units for the period from August 15, 2021 through November 14, 2021. This distribution will be payable on November 15, 2021 to holders of record as of the opening of business on November 1, 2021.
Non-U.S. Withholding Information
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Global Partners LP
With approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.
For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800
Sean T. Geary
Acting General Counsel, Secretary and
Vice President – Mergers & Acquisitions
Global Partners LP
(781) 894-8800
VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--$LPEN--Loop Energy (TSX: LPEN) will host a conference call on Friday, November 12 at 8:00 a.m. PST (11:00 a.m. EST) to share consolidated financial results for the third quarter of 2021.
Registration and dial-in details for the video conference will be released prior to the call, and will also be available via investors.loopenergy.com.
The Company’s past financial results are also available at investors.loopenergy.com.
About Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.
Loop Energy Investor Contact: Darren Ready | Tel: +1.604.222.3400 Ext 302 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Loop Energy Business Contact: George Rubin | Tel: +1.604.828.8185 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Loop Energy EMEA Contact: Luigi Fusi | Tel: +39.028457.3048 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Loop Energy Media Contact: Ethan Hugh | Tel: +1 604.222.3400 Ext 304 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Cellulosic Ethanol Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the cellulosic ethanol market and it is poised to grow by $1.40 billion during 2021-2025, progressing at a CAGR of 45.76% during the forecast period.
This report on the cellulosic ethanol market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising need for renewable clean fuel and rising food security concerns.
The cellulosic ethanol market analysis includes the feedstock segment and geographic landscape. This study identifies the increased environmental and energy security concerns as one of the prime reasons driving the cellulosic ethanol market growth during the next few years.
Companies Mentioned
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. This report on cellulosic ethanol market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Feedstock
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/tw3pg5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Petroleum Additives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Petroleum Additives estimated at US$22.6 Billion in the year 2020, is projected to reach a revised size of US$29.1 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.
Lubricating Oil Additives, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$17.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fuel Oil Additives segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 6.5% CAGR
The Petroleum Additives market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Select Competitors (Total 133 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nzpp6m
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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ROCKVILLE, Md.--(BUSINESS WIRE)--#AmericanJobs--More than 20 Maine-based commercial and institutional organizations are reducing their energy costs and contributing to the clean energy economy through a new community solar project in Bethel, Maine. The project, which is complete and operational, was financed and is owned and operated by Standard Solar and developed in partnership with ECA Solar.
Last week, Standard Solar hosted local officials and project partners for an official ribbon-cutting event at the Bethel site.
This new solar installation brings 5.7 megawatts dc of clean energy to Mainers — supporting local jobs, contributing to the clean energy economy, strengthening the community and delivering significant cost savings to Maine businesses. The project is part of the state’s Net Energy Billing (NEB) which allows Maine utility customers to offset their electric bill using the output produced by renewable energy projects, like community solar farms.
“As Maine continues its drive toward statewide clean-energy and climate-fighting goals, getting projects such as this one in Bethel completed and operational is critical,” said Harry Benson, Director, Business Development, Standard Solar. “Standard Solar is proud to be part of one of Maine’s first completed and operational community solar projects, and we look forward to adding more projects throughout the state to make solar energy more accessible and affordable to Mainers.”
A total of 23 leading Maine commercial and institutional organizations will collectively take 100% of the Net Energy Billing Credits created by the new Bethel community solar project. These organizations include Auburn School Department, AVX Tantalum, Bowdoin College, City of Portland, Colby College, Falmouth Public Schools, L. L. Bean, Maine Community College System, Maine General Medical Center, Maine Maritime Academy, MSAD #11 Gardiner, MSAD #15 GNG, Nestle Waters North America, Northern Light Health, Pleasant River Lumber, Portland Water District, Pratt & Whitney, Pride Manufacturing, RSU #14 Windham Raymond, Scarborough School Department, University of Maine System, Waterville Public Schools and York County.
“ECA Solar has enjoyed working with local stakeholders to deliver this turn-key community solar project,” Todd Fryatt, President, ECA Solar. “Throughout the past two years, the Town of Bethel and the State of Maine played a key role in supporting the development and construction of this clean energy system. Among other benefits, our collective efforts were able to provide well-paying jobs using local contractors and considerable energy savings and price certainty to some of Maine’s largest employers. ECA Solar is proud to be a member of the Bethel community and is optimistic about the positive impact our project will have on the area.”
Legislation passed in the state in 2019 encouraged the development of community solar and other small renewable energy facilities establishing goals of 80% renewable energy by 2030 and 100% by 2050.
“While there are many megawatts of community solar contracted in the state, progress to bring them online has been slow,” continued Benson. “And while the first community solar farm came online in late 2020, the Bethel project remains one of the earlier projects that has been constructed and operational.”
The Bethel project – and more than 45 MW in Maine – joins Standard Solar’s 200+ MW portfolio of community solar projects funded and operating with partners around the United States. The company is actively seeking additional projects to fund and add to its asset portfolio.
Editorial note: photos available
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 225 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR Contact:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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PASADENA, Calif.--(BUSINESS WIRE)--#BillGross--Heliogen, a leading provider of AI-enabled concentrated solar energy, today announced further significant steps toward deployment of its new solar energy technology with Woodside Energy (USA) Inc., a wholly-owned subsidiary of leading Australian energy producer Woodside Petroleum Ltd (ASX: WPL), with the potential to play a significant role in the development of Woodside’s future energy business.
Heliogen has been granted by Woodside a Limited Notice To Proceed (“LNTP”) to begin procurement of key equipment for a 5 megawatt (MW) commercial-scale demonstration facility in California. The proposed facility will use Heliogen’s AI-enabled concentrated solar technology.
The issuance of the LNTP marks a critical step in the collaboration and follows a joint six-month feasibility study by Woodside and Heliogen and a front-end engineering and design (“FEED”) contract that commenced earlier in 2021. The companies expect Full Notice to Proceed and construction to begin in 2022.
Heliogen’s breakthrough technology is a modular, turnkey, AI-enabled concentrated solar energy system that aims to deliver clean energy with nearly 24/7 availability. The facility will utilize advanced computer vision software that precisely aligns an array of mirrors to reflect sunlight to a single target on the top of a solar tower, thereby enabling low-cost storage in the form of high-temperature thermal energy. Heliogen’s customers can opt to build on the baseline system that provides industrial-grade heat by adding thermal energy storage systems, a turbine for power generation, and electrolyzers for green hydrogen production.
The two companies also announced their intent to jointly market Heliogen’s technology in the US and Australia. Under the proposed joint marketing arrangement, the companies will consider establishing a roadmap to collaborate on additional potential renewable energy projects, including replicating and scaling Heliogen’s modular, AI-enabled concentrated solar facility to support Woodside’s forecasted power requirements at its international locations, noting Woodside’s commitments to reduce net emissions from its existing and future businesses. The arrangements under discussion include a framework to design, optimize and sell modularized industrial-scale and cost-competitive integrated renewable energy and hydrogen solutions in the US, and marketing rights for Woodside in Australia.
Woodside CEO Meg O’Neill said the new collaboration with Heliogen demonstrated Woodside’s focus on developing innovative technologies to meet customer requirements for low-cost, lower-carbon energy.
“This is a significant step toward the development of our first facility with Heliogen, which we hope will be just the start of our ongoing collaboration.”
“Heliogen’s innovative technology could play a key supporting role in development of Woodside’s zero-carbon hydrogen and ammonia business, which would rely on access to abundant and reliable renewable power.”
“We are also excited about the marketing rights for Heliogen’s technology in Australia, where our abundant solar energy resources support application of this technology in remote power generation and other industrial processes,” she said.
“Heliogen’s AI-enabled concentrated solar technology has the potential to transform heavy industry by turning sunlight into a zero-carbon source of heat, power and hydrogen that is nearly always available,” said Heliogen CEO and founder, Bill Gross. “Although costs of large-scale solar are falling, conventional solar technologies are not yet cost-competitive with fossil fuels in most energy markets due to their intermittent availability. Heliogen’s technology aims to close this gap through the use of AI, software and thermal storage. As the energy sector is ripe for applications of green hydrogen fuels and decarbonization strategies, Woodside is an ideal collaborator for our breakthrough solar technology, which will support the operational characteristics of heavy industry. We are excited to reach this important milestone in our relationship with Woodside and look forward to helping them to efficiently achieve their sustainability targets.”
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and empowering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, and green hydrogen fuel at scale for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.
On July 6, 2021, Heliogen entered into a definitive business combination agreement with Athena Technology Acquisition Corp. (NYSE: ATHN). Upon the closing of the business combination, Heliogen will become publicly traded on the New York Stock Exchange under the new ticker symbol "HLGN". Additional information about the transaction can be viewed here: https://heliogen.com/investor-center/.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Woodside
Woodside led the development of the LNG industry in Australia and is applying this same pioneering spirit to solving future energy challenges. The company is recognised for its world-class capabilities as an integrated upstream supplier of energy with a focus on LNG, which is a lower-emissions, competitive fuel ideally suited to supporting decarbonisation and improving air quality. Woodside is working to improve its energy efficiency, reduce and offset emissions, and explore options for lower-carbon energy in line with its aspiration to achieve net zero by 2050. Woodside seeks out opportunities to improve business performance through innovative thinking and applying technologies developed outside its industry.
Additional Information and Where to Find It
In connection with the proposed business combination, Athena Technology Acquisition Corp. (“Athena”) has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus which has not yet become effective. After the registration statement is declared effective, Athena will mail a definitive proxy statement/prospectus relating to the proposed business combination to its stockholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. Additional information about the proposed business combination and related transactions will be described in Athena’s combined proxy statement/prospectus relating to the proposed business combination and the businesses of Athena and Heliogen, Inc. (“Heliogen”), which Athena has filed with the SEC. The proposed business combination and related transactions will be submitted to stockholders of Athena for their consideration. Athena’s stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus, when available, and other documents filed in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve, among other things, the proposed business combination and related transactions, because these materials will contain important information about Heliogen, Athena and the proposed business combination and related transactions. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Athena as of a record date to be established for voting on the proposed business combination and related transactions. Stockholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed with the SEC by Athena, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Phyllis Newhouse, President and Chief Executive Officer, Athena Technology Acquisition Corp., 125 Townpark Drive, Suite 300, Kennesaw, GA 30144, or by telephone at (970) 924-0446.
Participants in the Solicitation
Athena, Heliogen and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Athena’s stockholders in respect of the proposed business combination and related transactions. Information regarding Athena’s directors and executive officers is available in its Registration Statement on Form S-1 and the prospectus included therein filed with the SEC on March 3, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the preliminary and definitive proxy statements/prospectus related to the proposed business combination and related transactions when it becomes available, and which can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Heliogen Media Contact:
Leo Traub, Antenna Group for Heliogen
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+ 1 646 883 3562
Heliogen Investor Contact:
Caldwell Bailey
ICR, Inc.
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Woodside Media Contact:
Christine Forster, Media Relations Manager
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+61 484 112 469
OneStream selected to replace Excel to unify planning and reporting
BIRMINGHAM, Mich.--(BUSINESS WIRE)--Petroleum Service Corporation (PSC), the North American leader in product handling, site logistics and sustainability services for the petrochemical and refining industries, has selected corporate performance management (CPM) vendor OneStream Software to streamline and unify the company’s finance operations.
After a thorough evaluation process, OneStream was ultimately selected for its comprehensive platform and commitment to customer success. PSC will replace Excel with OneStream’s Intelligent Finance platform to unify their financial processes across planning, reporting and account reconciliations.
“Selecting OneStream was based on a valued partnership, building a solution that will modernize our complex financial processes across PSC in a single, unified platform,” said Lynn Nazareth, CFO at PSC. “OneStream’s Extensible Dimensionality® will allow us to derive key insights across multiple lines of business with the flexibility to scale as the company continues to grow, while the seamless integration with ADP and NetSuite allows for a single source of truth for data across the enterprise.”
PSC has chosen OneStream Diamond Level Partner and global digital consultancy Perficient as their implementation partner. Phase One of the project will include workforce planning and reporting, focusing on a direct connection to NetSuite and integration to ADP. Phase Two will include a roll-out of additional planning and reporting capabilities and solutions, along with account reconciliations. Following Phase Two, PSC will explore utilizing OneStream for account reconciliations as well as close management and consolidations. “Perficient is proud to be selected as PSC’s implementation partner to help transform their financial processes. Together we will build an enduring solution that will evolve as PSC grows, leveraging modern tools and technologies to drive success for their customers,” said Charles Ramirez, CPM Practice Director at Perficient.
“We are honored to be chosen by PSC as a trusted partner to modernize their financial processes,” said Mark Ardis, Named Account Manager at OneStream. “OneStream’s platform capabilities proved to be the best fit to meet PSC’s needs as they digitally transform, with the OneStream MarketPlace offering solutions for PSC to expand their use of the platform into people planning, capital planning, task manager and parcel services to provide innovative insights across the enterprise as the company continues to grow.”
About Petroleum Service Corporation
For nearly 70 years, Petroleum Service Corporation has been committed to safely and efficiently meeting the product handling and site logistics needs of top-tier companies in the refining, chemical, and marine industries. The company's 3,500+ employees serve at more than 125 refineries, terminals and chemical plants across the U.S., providing expertise in tankering barges, operating terminals and docks, railcar repair and switching, warehousing, and loading/unloading of railcars and trucks with a variety of oil products, plastics and chemicals. PSC also offers an array of sustainability and vacuum truck services to support plastics producers with Operation Clean Sweep compliance and the circular economy.
About OneStream Software
OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.
OneStream is an independent software company backed by private equity investors KKR, D1 Capital Partners, Tiger Global and IGSB. With over 750 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestreamsoftware.com.
OneStream Software
PAN Communications
Kristen Hyle
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DURHAM, N.C. & SHANGHAI--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that ZINSIGHT Technology (Shanghai) Co., Ltd., an innovator of advanced electric drive systems, will utilize Wolfspeed® 1200V Silicon Carbide MOSFETs in its advanced motor controller for ultra-high-speed air compressors in fuel cell vehicle (FCV) engines.
Consumer demand for zero-emission vehicles such as battery-electric vehicles (BEVs) and FCVs is expected to increase over the next decade as automakers and government entities shift focus away from production of internal combustion engine vehicles for a cleaner and more sustainable future. The use of Silicon Carbide in BEVs and FCVs results in significant cost savings, while high-efficiency power modules enable lower energy losses and higher range.
“The air compressor is one of the most critical components in FCV engines, affecting both efficiency and volume,” said Dr. Shi Jingkui, CEO of ZINSIGHT. “We partnered with Wolfspeed to harness its leadership in Silicon Carbide and ensure our technologies deliver best-in-class performance in speed, performance, efficiency, reliability and electromagnetic compatibility (EMC).”
Using Wolfspeed’s industry-leading 1200V Silicon Carbide MOSFETs, ZINSIGHT developed an ultra-high-speed motor controller for use in FCV air compressors. The 35kW HS35 solution provides enhanced efficiency and energy production, achieving more precise motor control over the entire FCV speed range.
“This collaboration further diversifies our automotive pipeline as we bring Silicon Carbide technology to fuel cell vehicles,” said Jay Cameron, senior vice president and general manager for Wolfspeed Power. “Wolfspeed Silicon Carbide enables our customers to provide best-in-class efficiency as they help automakers lead the transition to a more sustainable future.”
As a pure-play semiconductor powerhouse, Wolfspeed is leading the industry transition from silicon to Silicon Carbide in the automotive sector as it transitions away from internal combustion engines.
About ZINSIGHT:
ZINSIGHT focuses on the high-end electrical machine drive and systems based on Silicon Carbide (SiC) technology. Relying on over ten years of industrial experience in design and development with SiC, the company launched the SiCTeX™ series high performance motor drives, which can be widely used in FCV air compressor, micro turbine generator, centrifugal compressor as well as the electrical propulsion system in aircraft and other special purpose vehicles.
About Wolfspeed, Inc.:
Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power-switching devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.
Forward Looking Statements:
This press release contains forward-looking statements by Wolfspeed involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may be unable to manufacture these new products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our new products; customer acceptance of our new products; the rapid development of new technology and competing products that may impair demand or render Wolfspeed’s products obsolete; and other factors discussed in Wolfspeed’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 27, 2021, and subsequent filings. For additional product and company information, please refer to www.wolfspeed.com.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Media Relations:
Joanne Latham
VP, Corporate Marketing
919-407-5750
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Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
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TURKU, Finland--(BUSINESS WIRE)--#CADMATIC--SFW is a provider of power, energy storage and environmental technologies and services for the global energy industry and has now entered into an agreement with CADMATIC Ltd to implement CADMATIC 3D plant design and information management solutions in their engineering projects in Finland, Poland, India, and China.
The goal of the investment is to shorten lead times in design, engineering, and construction, improve the quality of design, and harmonize working methods across its international office network and subcontractors.
The design and construction of a power plant is an extremely complex process that requires the integration of multiple design, engineering and construction disciplines, and many suppliers. CADMATIC software is an important element to streamline the process from design and engineering to construction and production and seamlessly integrate multiple parties in one project.
Technical advantages in 3D Design, work-sharing, information management, and visualization were key factors for taking CADMATIC on use. It supports SFW’s plans for digitalization and expanding product portfolio.
“Adding CADMATIC software will improve the digitalization of our products and enables us to offer new services to our customers. Our co-operation has started well, and we look forward to a productive collaboration,” says Kari Asikainen, Vice President, Engineering Development, SFW.
“The agreement with Sumitomo SHI FW is further proof that our integrated data-driven solutions continue to provide key companies in the power and process industries with a competitive advantage. We are excited about being part of development SFW does through their extensive design and engineering network all over the world,” says CADMATIC CEO Jukka Rantala.
About Sumitomo SHI FW
SFW is a provider of power, energy storage and environmental technologies and services for the global energy industry. We strive to provide sustainable energy solutions for a wide portfolio of customer needs in power generation, energy storage, and digital services. Our quality and service rely on our 1,800 talented people with deep know-how and experience in the industry.
About CADMATIC
CADMATIC Ltd is a leading developer of digital and intelligent 3D design and information management software solutions for the power, process, marine, and construction industries. Its growing customer base includes over 6000 customer organizations in 60 countries. CADMATIC's business has shown strong annual average growth of over 20% in recent years. CADMATIC’s headquarters are located in Finland. In addition, the company has offices in Australia, Canada, China, Estonia, Hungary, India, Italy, the Netherlands, Poland, Russia, Singapore, South Africa, South Korea, Spain, Sweden, and the UAE, as well as certified resellers in over 15 countries.
Further information:
CADMATIC
Martin Brink, Marketing & PR Specialist
tel. + 27 76 593 0010
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MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) is pleased to announce that Pallinghurst Graphite International Limited (“Pallinghurst”), the holder of a secured convertible bond in the principal amount of C$15 million (the “Convertible Bond”), as announced in the press release dated July 15, 2020, has converted the full outstanding principal amount of the Convertible Bond to common shares of the Company. This decision further demonstrates Pallinghurst’s significant and continuing support for the Company and its ongoing project development initiatives, as it strives to become a key player in the sustainable energy revolution.
Importantly, all related security to secure the obligations of the Company under the Convertible Bond will be released and discharged, which will provide the Company with increased flexibility for its project financing initiatives, as it moves towards the next stage of development.
The Convertible Bond was converted in two tranches: 1,875,000 common shares were received by Pallinghurst on exercise of the first tranche and distributed by Pallinghurst to its investors, which include Messrs. Arne H Frandsen and Andrew Willis, who are directors of the Company. 5,625,000 common shares were subsequently issued to Pallinghurst in respect of conversion of the second tranche.
In addition, and pursuant to the terms of the Convertible Bond, the Company has elected to settle the accrued and unpaid interest owing under the Convertible Bond of C$1,900,463 by issuing an additional 220,471 common shares of the share capital of the Company (the “Interest Shares”) at C$8.62 per Interest Share, in accordance with the rules of the TSX Venture Exchange. Following the issuance of the Interest Shares, all amounts payable pursuant to the Convertible Bond will have been settled in full.
Following the exercise of the Convertible Bond, the distribution to Pallinghurst investors, and receipt of the Interest Shares, together with its existing holdings, Pallinghurst, together with its subsidiary will own 11,541,014 common shares of the Company representing approximately 21% of the issued and outstanding common shares of the Company.
Arne H Frandsen, Managing Partner and Co-Founder of The Pallinghurst Group said: “Pallinghurst is delighted to continue its support of Nouveau Monde and today’s announcement indicates our firm belief that Nouveau Monde is set to become a significant, fully integrated supplier of carbon-neutral battery anode material in the future. As the Company’s largest shareholder, Pallinghurst looks forward to continuing to work closely with management as we develop what is projected to be the Western World’s largest battery grade graphite operation, with best-in-class ESG credentials.”
Eric Desaulniers, Founder, President and CEO of Nouveau Monde added: “Developing a large-scale battery mining and transformation project is a journey that can only be achieved with long term investors like Pallinghurst who support and embrace our vision, while enhancing our business plan with their experience and execution discipline. The whole team at Nouveau Monde and myself are looking forward to our continuing collaboration with Pallinghurst as we work towards delivering our next exciting milestones in support of an anode material supply chain in America for the benefit of all of Nouveau Monde’s stakeholders.”
The payment of interest in the form of Interest Shares of the Company takes place in favor of Pallinghurst, a holder of more than 10% of the securities of the Company, which constitutes a “transaction with a related party” within the meaning of Regulation 61-101 on measures to protect minority holders during specific transactions (“Regulation 61-101”) and within the meaning of Policy 5.9 of the Stock Exchange - Measures to protect minority holders during specific transactions. However, the directors of the Company have determined that the exemptions from the official valuation obligation and the approval of minority holders, provided for in sections 5.5 a) and 5.7 1) a) of Regulation 61-101 respectively, may be invoked as neither the fair market value of the shares issued to this insider nor the fair market value of the consideration exceed 25% of the market capitalization of the Company. No director of the Company has expressed a contrary opinion or disagreement in connection with the foregoing.
The issuance of Interest Shares is conditional upon the approval of the TSX Venture Exchange and the New York Stock Exchange, and will be subject to a hold period of 4 months and one day.
A material change report relating to this transaction with a related party will be filed by Nouveau Monde no later than 21 days prior to the date on which the Interest Shares are expected to be issued as the conditions in connection with the issuance of the Interest Shares were not determined.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, Nouveau Monde aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability.
www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the issuance of Interest Shares to Pallinghurst as settlement of debts owed, the continuity of Pallinghurst’s support, the Company’s goals and objectives, the Convertible Bond’s discharge and release, the Company’s financing optionality, Pallinghurst’s share ownership and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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Midwest projects of 50 MW or larger requested
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy (NYSE: EVRG) today issued a Request for Proposals (RFP) for wind energy to supply the needs of its customers.
The RFP solicits bids for Evergy’s purchase of wind resources of up to 1,000 megawatts (MW) that will be in service by 2026. Projects that achieve commercial operation by mid-2024 and year-end 2025 will be given preference. Wind resources must be a minimum of 50 MW and interconnect to the Southwest Power Pool (SPP). Siting preference will be given to projects located in Kansas.
Proposals are due by Nov. 23, 2021. Response and contact information are available online at www.evergy.com/2021rfp. Proposals selected from the RFPs are subject to appropriate regulatory approvals.
Evergy has outlined its plan to expand ownership of renewable energy and to retire fossil-fueled generation as the company works toward its 2045 target for net zero carbon emissions. These wind projects would fulfill the plan to add up to 1,000 MW of wind energy by 2026 with projects that benefit from production tax credits.
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million customers in Kansas and Missouri. We were formed in 2018 when long-term local energy providers KCP&L and Westar Energy merged. We generate nearly half the power we provide to homes and businesses with emission-free sources. We support our local communities where we live and work, and strive to meet the needs of customers through energy savings and innovative solutions.
Media Contact:
Gina Penzig
Manager, External Communications
Phone: 785-508-2410
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Media line: 888-613-0003
Investor Contact:
Cody VandeVelde
Director, Investor Relations
Phone: 785-575-8227
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INDIANAPOLIS & WESTLAKE VILLAGE, Calif. & LUGANO, Switzerland--(BUSINESS WIRE)--Novus Capital Corporation II, a special purpose acquisition company (NYSE: NXU, NXU.U, NXU WS) (“Novus”) and Energy Vault, Inc. (“Energy Vault”), the company developing sustainable, grid-scale energy storage solutions with its proprietary technology, today announced that Novus has filed a registration statement on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) on October 15, 2021.
The Registration Statement contains a preliminary proxy statement/prospectus, in connection with the previously announced proposed business combination. While the registration has not yet become effective and the information contained therein is subject to change, it provides important information about Energy Vault and Novus, as well as the proposed business combination.
Robert Piconi, CEO and Co-Founder of Energy Vault, commented, “We are pleased to have reached this first step in the transaction process. The proceeds from the business combination will be used to fund growth of the combined company and global deployment of Energy Vault’s storage systems.”
In September 2021, Novus Capital Corporation II entered into a business combination agreement with Energy Vault, whereby the newly combined company is expected to be listed on the New York Stock Exchange. Completion of the transaction, which is expected in the first quarter of 2022, is subject to approval by Novus’ stockholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions.
Upon completion of the proposed transaction, the combined company is expected to receive up to $388 million in total gross proceeds from a combination of a committed common stock PIPE offering of $100 million, along with approximately $288 million of cash held in trust, assuming no redemptions.
About Energy Vault
Energy Vault develops sustainable, grid-scale energy storage solutions designed to advance the transition to a carbon free, resilient power grid. Energy Vault’s mission is to accelerate the decarbonization of our economy through the development of sustainable and economical energy storage technologies. To achieve this, Energy Vault has designed the EVx and the Energy Vault Resiliency Center (EVRC) platforms, advanced gravity energy storage solutions that are intended to minimize environmental and supply chain risks. Energy Vault’s gravity-based solutions are based on the proven physics and mechanical engineering fundamentals of pumped hydroelectric energy storage, but replace water with custom-made composite blocks, or “mobile masses”, which do not lose storage capacity over time, and that can be made from low-cost and locally sourced materials, including local soil, mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades. Combining potential and kinetic energy cycles, Energy Vault’s systems are automated with advanced computer control and machine vision software to create a gravity energy-storage innovation designed to meet the market demand for storage durations from 2 to 12 hours. Energy Vault has offices in Westlake Village, California and Lugano, Switzerland, with the Switzerland office serving as Energy Vault’s international headquarters.
About Novus Capital Corporation II
Novus raised approximately $287.5 million in its February 2021 IPO and its securities are listed on the NYSE under the ticker symbols “NYSE: NXU, NXU.U, NXU WS.” Novus is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. Novus Capital is led by Robert J. Laikin, Jeff Foster, Hersch Klaff, Larry Paulson, Heather Goodman, Ron Sznaider and Vince Donargo, who have significant hands-on experience helping high-tech companies optimize their existing and new growth initiatives by exploiting insights from rich data assets and intellectual property that already exist within most high-tech companies.
Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “designed,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity, expectations and timing related to the rollout of Energy Vault’s business and timing of deployments, the proposed features and designs of the EVx and the Energy Vault Resiliency Center (EVRC) platforms, the availability of low-cost and locally sourced materials to produce “mobile masses,” customer growth and other business milestones, potential benefits of the proposed business combination and PIPE investment (the “Proposed Transactions”), and expectations related to the timing of the Proposed Transactions.
These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Energy Vault’s and Novus’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an 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 Energy Vault and Novus.
These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the Proposed Transactions, including the risk that any 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 Transactions or that the approval of the stockholders of Novus or Energy Vault is not obtained; failure to realize the anticipated benefits of the Proposed Transactions; risks relating to the uncertainty of the projected financial information with respect to Energy Vault; risks related to the rollout of Energy Vault’s business and the timing of expected business milestones; demand for renewable energy; ability to commercialize and sell its solution; ability to negotiate definitive contractual arrangements with potential customers; the impact of competitive technologies; ability to obtain sufficient supply of materials; the impact of Covid-19; global economic conditions; ability to meet installation schedules; the effects of competition on Energy Vault’s future business; the amount of redemption requests made by Novus’ public shareholders; and those factors discussed in the Registration Statement and in Novus’ Registration Statement on Form S-4 relating to the business combination under the caption “Risk Factors”, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 under the heading “Risk Factors,” and other documents of Novus filed, or to be filed, with the SEC.
Important Information About the Proposed Business Combination and Where to Find It
This communication is being made in respect of the proposed merger transaction involving Novus and Energy Vault. Novus has filed a registration statement on Form S-4 with the SEC, which includes a preliminary proxy statement/prospectus of Novus, and certain related documents, to be used at the meeting of stockholders to approve the proposed business combination and related matters. Investors and security holders of Novus are urged to read the proxy statement/prospectus, as well as any amendments thereto and other relevant documents that will be filed with the SEC, carefully and in their entirety because they contain important information about Energy Vault, Novus and the business combination. The definitive proxy statement will be mailed to stockholders of Novus as of a record date to be established for voting on the proposed business combination. Investors and security holders will also be able to obtain copies of the registration statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
Novus and its directors and executive officers may be deemed participants in the solicitation of proxies of Novus’ shareholders in connection with the proposed business combination. Energy Vault and its executive officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Novus’ executive officers and directors in the solicitation by reading Novus’ Annual Report on Form 10-K for the fiscal year ended December 31, 2020, Quarterly Report on Form 10-Q for the six months ended June 30, 2021 and the proxy statement/prospectus and other relevant documents and other materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Novus’ participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.
No Offer or Solicitation
This communication 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 any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
Investors
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Media
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PHOENIX--(BUSINESS WIRE)--AAA Cooper Transportation, a subsidiary of Knight-Swift Transportation Holdings (NYSE: KNX), announced it would expand its LTL capacity with the opening of a St. Louis, MO service center this fall. This expansion will connect AAA Cooper's existing 15-state network with the largest metropolitan area in Missouri.
The company has long operated in the Chicago market, and the new St. Louis facility will extend the company's reach to an estimated 80% of the Illinois market. This expansion follows recent capacity additions and investments in the Dallas and Indianapolis Service Centers and is the first expansion since Knight-Swift acquired AAA Cooper in July 2021.
With this expansion, the company, which services five states that share a border with Missouri - Illinois, Kentucky, Tennessee, Arkansas, and Oklahoma, expands its service capacity for LTL and Dedicated Services in the Midwest.
St. Louis is home to one of the country's largest inland port operations by tonnage and one of the top railroad service hubs.
AAA Cooper Transportation® (SCAC "AACT"), an independent subsidiary of Knight-Swift Transportation Holdings (NYSE: KNX), is an asset-based multi-regional transportation solutions provider offering less-than-truckload, truckload, dedicated contract carriage, brokerage, fleet maintenance, and international services with facilities in the Southeast, Southwest, and Midwest. The Affiliate Carrier Program extends AAA Cooper Transportation's coverage area into Canada, Mexico, and across the globe.
David Jackson, President and CEO, or Adam Miller, CFO - (602) 606-6349
JENBACH, Austria--(BUSINESS WIRE)--INNIO* Jenbacher* is offering gas engine solutions to help accelerate the ramp up of off-grid power charging for electric vehicles. Starting with natural gas, Jenbacher gas engines can be converted to hydrogen operation once hydrogen experiences increased economic availability.
A huge portion of global greenhouse gas emissions is caused by transport activities. To significantly reduce greenhouse emissions, it is necessary to drive the transformation towards e-mobility and this requires the development of a widespread and powerful charging infrastructure.
In order to foster the common goal of sustainable mobility, INNIO Jenbacher cooperates with L-Charge and supplies a Jenbacher J312 gas engine (600 kW). This engine will be the core of the solution L-Charge Stationary – a stationary mini-power station for fast charging of EV.
”To accelerate the ramp up of EV we are actively working on the creation of charging stations operating on natural gas and hydrogen. INNIO Jenbacher is a leading provider of gas engines solutions, distinguished by the efficiency and high fuel flexibility of its products and has just recently launched the first ‘Ready for H2’ product portfolio. We hope that the testing will be successful and intend to purchase many more Jenbacher gas engines for EV stationary charging stations.” – Dmitry Lashin, General Director of L-Charge.
“We are pleased to be working with L-Charge on this innovative approach to providing off-the-grid power charging. INNIO is a shaper of the energy transition. Jenbacher gas engines offer affordable, reliable, and sustainable decentralized power solutions that can help build off-grid power charging for electric vehicles. Our technology provides the power where it is needed, directly at the point of use. And, with our ‘Ready for H2’ product portfolio, L-Charge is investing in our future-proofed technology that operates with natural gas today while having the option to convert to hydrogen when the supply becomes more readily available.” - Leon van Vuuren, Vice President Global Regions of INNIO Jenbacher.
*Indicates a trademark.
About L-Charge
L-Charge is a Russian-American EV charger manufacturer, providing rapidly scalable off-grid ultra-fast chargers powered by clean fuels. The innovative EV charger is offered in two variants: stationary and mobile. The stationary version can be installed in any location – supermarkets, hotels, roads, traditional petrol stations, etc. The mobile version is an on-wheel unit that can move around a city and charge EVs. In July, the first mobile EV charger by L-Charge starts to patrol Moscow city streets, providing on-demand charging service to electric vehicles. Nearest plans to build 4–5 EV charging units to launch them as a mobile charger in Paris, Berlin, New York, Amsterdam and London.
About INNIO
INNIO is a leading provider of renewable gas, natural gas, and hydrogen-rich solutions and services for power generation and gas compression at or near the point of use. With our Jenbacher and Waukesha gas engines, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by decarbonization, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.
Susanne Reichelt
INNIO
+43 664 80833 2382
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Dan Pototsky
L-Charge
+7 926 423 8262
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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2021 year-end earnings results on Thursday, November 18, 2021 at 10 a.m. ET. President and Chief Executive Officer Steve Westhoven and Chief Financial Officer Pat Migliaccio will present an overview of NJR’s financial and operational performance for fiscal 2021.
A few minutes prior to the webcast, go to njresources.com and select “Investor Relations.” Scroll down and click the link to the conference call under “Latest Events” on the right side of the page and click on the webcast link.
About New Jersey Resources
New Jersey Resources is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It is composed of five primary businesses:
NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Dennis Puma
732-938-1229
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SAN DIEGO--(BUSINESS WIRE)--$DFCO #BrianBonar--Dalrada Corporation (OTCQB: DFCO, “Dalrada”) is pleased to announce its Clean Energy Advisory Board composed of distinguished climate and business leaders. The advisory group is forming strategic alliances that support and enable an effective balance between responsible environmental policies and sustainable development. Former U.S. Secretary of the Interior, Ryan Zinke, is the first member of the Dalrada Clean Energy Advisory Board.
Brian Bonar, Dalrada’s Chairman and CEO, states, “We are delighted that Secretary Zinke has joined the Dalrada Clean Energy Advisory Board. He cares about new job creation, improving environmental sustainability, and the technology that supports energy efficiency and emissions reduction. Dalrada’s energy-efficient solutions pave the way towards that goal.”
Ryan Zinke shares, “It is exciting when a technology advances energy efficiency and reduces the carbon footprint. Dalrada wins at both. Protecting the environment and stimulating the economy in a balanced way leads to sustainable development. Climate change is important. We must address greenhouse emissions through efficient technologies. Dalrada brings innovative solutions to accomplish this goal. Every year, billions of dollars of low-grade energy is discharged into the atmosphere without recovery.” Zinke continues, “Dalrada turns the balance in favor of the environment by maximizing energy efficiency. Focusing on solutions, we encourage dialogue on sustainability on both sides. Conservation and energy efficiency will get us there.”
Transparency and accountability are topics that the Dalrada Clean Energy Advisory Board tackles. Jose Arrieta, former Chief Information Officer at the Department of Health and Human Services and Dalrada Board member, shares, “Information Technology plays a vital role with the accounting of net-zero goals, supply chain tracking, and measuring emission data. Net-zero data tracking and reporting systems that leverage IoT devices are in development.”
Dalrada’s disruptive low-carbon heating & cooling technology that uses supercritical carbon dioxide (CO2) in a leakproof system is powered by either traditional or renewable energy and recycles waste energy. Systems can easily be installed in boiler houses, plant rooms, rooftops, and outside in mobile energy centers to provide instant energy and carbon emission savings. These solutions produce hot water, low-pressure steam, hot air with chilled water, or cooling utilities.
The Hon. Bijan Kian, Former U.S. cabinet member and Dalrada Board of Directors member, also takes part in Dalrada’s Clean Energy Advisory Board. Kian emphasizes the importance of reducing emissions with no sacrifice to jobs or the environment in the process.
“Environment and development are key to responsible growth with sustainability,” Kian states. “Reducing greenhouse gas emissions now is vital. It is also important to encourage dialogue with industry and business leaders about forming alliances, identifying resources, and creating ways to achieve sustainability that improve the quality of life.”
Dalrada’s industrial, commercial, and consumer innovations conserve energy, decarbonize heat, save cost, and care for the environment.
Stuart Cox, Dalrada’s Chief Engineering Officer, states, “Dalrada’s Likido® CO2 high-temperature heat pumps overcome many of the problems associated with freon-based heat pumps by operating at the same temperatures as existing heating and cooling systems, making their deployment very easy.”
Cox adds, “The market response to Dalrada’s energy innovations is encouraging. Customer interest increased since the economy has woken up after COVID-19 lockdowns ended in June in the U.K. This will increase further as our partners in Spain and Texas expand manufacturing capacity for the E.U. and USA, respectively, from 2021.”
Dalrada continuously builds on its core practices of engineering, life sciences, and technology while operating under the tenet of bringing innovative products and services to a complex new world. The Company’s subsidiaries are responding with alternative solutions that are affordable, available, accessible, and impactful.
For more information on Dalrada and its subsidiaries, visit www.dalrada.com.
About Dalrada (DFCO)
With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.
Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.
Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada’s subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.
Disclaimer
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
Denise Mahaffey
858.283.1253
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MADISON, Wis.--(BUSINESS WIRE)--The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today declared the regular quarterly dividend of $0.3875 per share on the outstanding shares of the company's common stock, payable Dec. 15, 2021, to shareholders of record at the close of business Dec. 1, 2021.
MGE Energy has increased its dividend annually for the past 46 years and has paid cash dividends for more than 110 years.
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties.
Steve Schultz
Corporate Communications Manager
608-252-7219 | This email address is being protected from spambots. You need JavaScript enabled to view it.
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