Supply & Demand Chain Executive Celebrates Influential Women in Supply Chain and Their Impact on the Industry
ATLANTA--(BUSINESS WIRE)--#SupplyChain--Logility, Inc., a leader in supply chain innovation powering the sustainable and resilient enterprise, congratulates Mandy McCain, vice president of healthcare, North America, Berry Global; Katherine Storer, senior director, supply chain, Berlin Packaging; and Stephanie Francis, supply chain manager, SIOP, ChemPoint, on their recognition as Supply & Demand Chain Executive’s Women in Supply Chain.
The Women in Supply Chain award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network.
“These women are amazing in so many ways,” says Marina Mayer, editor-in-chief of Supply & Demand Chain Executive and Food Logistics magazines. "They’ve re-tooled, re-innovated and revamped how the world sees the supply chain and logistics industry. They’ve paved the way for future female supply chain leaders to become a part of an industry that matters. Because women in the supply chain matter. And, some of these women are young, which means they’re just getting started.”
McCain has shown impressive leadership as she has lead supply chain and customer experience at Berry Global, and now has moved into a business lead role as vice president, healthcare, North America, for the Consumer Packaging International Division. Not only has she helped improve Berry’s supply chain during one of the most challenging years – she’s also served as a role model for the supply chain industry, plastics manufacturing industry and women in general.
Storer is responsible for Berlin Packaging’s North American-based Demand Planning, Supply Planning, and Strategic Sourcing functions. Over the past year, she has been leading Berlin Packaging’s efforts to “Up Their Planning Game,” a strategy aimed at increasing the sophistication of how they service their customers, earning Berlin Packaging and Logility recognition as a 2021 Top Supply Chain Project by Supply & Demand Chain Executive. In addition to her day job, Storer also volunteers with Global Leadership Partners, where she leads webinars and mentor sessions across multiple countries to develop and equip the world’s future leaders.
Francis acts as ChemPoint’s S&OP Manager, where she manages the Supply & Demand Planning Team. Her team works with the commercial division to increase forecast accuracy, build strong supplier relationships and manage inventory at optimal levels. Francis has experienced impressive growth in her career due to her curious outlook and desire to continuously improve, and is proud to help build a presence for women in the field.
“We congratulate our customers who have been recognized as leaders in the supply chain industry, and especially in a year that has seen unprecedented disruptions and obstacles,” said Allan Dow, president, Logility. “This award celebrates the important contributions that women like Ms. McCain, Ms. Storer, and Ms. Francis are making to the supply chain industry, and we are proud to work closely with companies such as Berry Global, Berlin Packaging and ChemPoint that promote and support women in strategic leadership roles.”
Go to www.sdcexec.com to view the full list of 2021 Women in Supply Chain winners.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Go to www.SDCExec.com.
About Logility
Accelerating the digital sustainable supply chain, Logility helps companies seize new opportunities, sense and respond to changing market dynamics and more profitably manage their complex global businesses. The Logility® Digital Supply Chain Platform leverages an innovative blend of artificial intelligence (AI) and advanced analytics to automate planning, accelerate cycle times, increase precision, improve operating performance, break down business silos and deliver greater visibility. Logility’s SaaS-based platform transforms sales and operations planning (S&OP) and integrated business planning (IBP) processes; demand, inventory and replenishment planning; global sourcing; quality and compliance management; product life cycle management; supply and inventory optimization; manufacturing planning and scheduling; retail merchandise planning, assortment and allocation. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. Logility is a wholly owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). To learn how Logility can help you make smarter decisions faster, visit www.logility.com.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
Valerie Miller
Communications Manager at Logility
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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (the “Company”) today announced that its controlled subsidiary Ranger Energy Acquisition, LLC (the “Buyer”) was selected as the successful bidder at an auction to acquire certain assets of Basic Energy Services, Inc. and its subsidiaries (“Basic”). The Buyer’s winning bid at a competitive auction conducted by Basic under section 363 of the U.S. Bankruptcy Code was for a cash purchase price of $36.65 million and includes Basic’s business lines outside the State of California (excluding the water logistic business), specifically all assets within the well servicing service line, all assets within the fishing and rental tool service lines, all assets within the coiled tubing service line, all rolling stock assets required to support the operating assets being purchased and real property locations inclusive of, but not limited to, real property owned in New Mexico, Oklahoma and Texas. The Company currently expects to pay the cash purchase price with proceeds from the private placement described below.
Stuart Bodden, President and Chief Executive Officer of Ranger stated, “We are very pleased to continue the expansion of our scale and scope with this latest acquisition. Combined with the Patriot and PerfX transactions earlier this year, the Basic assets strengthen our ability serve clients in our markets and to drive ongoing growth in both revenue and free cash flow.”
The closing of the transaction is subject to various conditions, including approval by the bankruptcy court. A hearing to seek court approval is scheduled for September 23, 2021, and the transaction is expected to be concluded by the end of September 2021. The Company expects to hold an investor call and provide additional information regarding the transactions described herein in connection with the closing.
Credit Facility
The Company today announced that its controlled subsidiary RNGR Energy Services, LLC (“Ranger LLC”) received a debt commitment letter from Eclipse Business Capital LLC and Eclipse Business Capital SPV, LLC with regard to a new $77.5 million credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility. The closing of the credit facility is subject to various conditions including entry into definitive documents and, with respect to the term loan B facility, the simultaneous close of the Basic asset acquisition. Ranger LLC currently expects to use a portion of the proceeds received from the revolving credit facility to pay off existing indebtedness. The credit facility is available at the Company’s option and would be pledged against certain asset sales.
Private Placement
The Company today announced that it entered into a definitive agreement on September 10, 2021, with several purchasers to issue an aggregate amount of $42 million of shares of its newly issued Series A Convertible Preferred Stock (the “Preferred Stock”). The Preferred Stock will be non-voting except under certain limited circumstances. In connection with the private placement, the Company has also agreed to grant customary registration rights to the purchasers. The Preferred Stock will automatically convert into shares of Class A Common Stock of the Company upon the later of (i) receipt of stockholder approval, which the Company expects to seek at a special meeting of stockholders following the closing of the transaction, or (ii) the effectiveness of the shelf registration statement, which the Company expects to file as soon as practicable following the Closing, to register the shares of Class A Common Stock convertible from the Preferred Stock. Affiliates of CSL Capital Management, L.P. (“CSL”) and Bayou Well Holdings Company, LLC (“Bayou”) have agreed to vote in favor of the preferred stock conversion.
The closing of the private placement is subject to various conditions, including the simultaneous close of the Basic asset acquisition. The Company is expected to contribute a portion of the proceeds received from the private placement to the Buyer to fund the Basic asset acquisition.
Tax Receivable Agreement Termination and Class B Redemption
The Company today announced that it entered into a definitive agreement with affiliates of CSL and Bayou pursuant to which the Tax Receivable Agreement, dated August 16, 2017, was terminated, effective on September 10, 2021. In consideration of the termination of the Tax Receivable Agreement, the Company will issue an aggregate of 376,185 shares of Class A Common Stock of the Company to affiliates of CSL and Bayou. The shares will be issued upon receipt of stockholder approval, which the Company expects to seek at a special meeting of shareholders following the closing of the transaction.
Affiliates of CSL and Bayou also consented to the redemption by Ranger LLC of their outstanding units in Ranger LLC and the redemption by the Company of corresponding shares of Class B Common Stock of the Company for an equivalent number of shares of Class A Common Stock of the Company, or cash, at the election of Ranger LLC or the Company, as the case may be. The redemptions are contingent on the closing of the private placement and the Basic asset acquisition. Following the redemptions, no shares of Class B Common Stock of the Company will be issued and outstanding.
Advisors
Piper Sandler is serving as exclusive financial advisor to the Company with respect to the Basic asset acquisition and sole placement agent with respect to the debt financing and private placement of Preferred Stock. Winston & Strawn LLP is serving as legal counsel to the Company.
About Ranger Energy Services, Inc.
Ranger is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger also provides services necessary to bring and maintain a well on production. The Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, Natural Gas Liquid stabilizer and storage units and related equipment.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements represent Ranger’s expectations or beliefs concerning future events, including the closings of the Basic asset acquisition, debt financing and private placement of Preferred Stock, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ranger’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ranger does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ranger to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our filings with the Securities and Exchange Commission. The risk factors and other factors noted in Ranger’s filings with the SEC could cause its actual results to differ materially from those contained in any forward-looking statement.
J. Brandon Blossman
Chief Financial Officer
(713) 935-8900
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BRISTOL, England--(BUSINESS WIRE)--Vertical Aerospace (“Vertical”), a leading British eVTOL manufacturer which is pioneering zero emissions aviation, today announces a development and production agreement with world-leading technology supplier GKN Aerospace, who will provide the electrical wiring interconnection system (EWIS) and aerostructures for the VA-X4.
GKN Aerospace designs and manufactures advanced aerospace systems and components for all major aircraft and engine manufacturers, supporting a range of platforms spanning the most-efficient passenger planes in the world to advanced 5th generation fighter aircraft. The aerostructures and EWIS systems that GKN Aerospace will provide to Vertical will help improve the performance of the VA-X4 and contribute to lower costs, weight, and emissions.
GKN Aerospace's products are manufactured to the highest safety standards and are used in all major commercial airliners and engines produced today, operating at high commercial capacity and frequency. GKN Aerospace’s outstanding track record in the development, production and certification of EWIS and aerostructures will de-risk Vertical's path to certification and help make the VA-X4 the world's leading eVTOL.
With 41 manufacturing locations in 13 countries, GKN Aerospace’s high-volume production capabilities will also help drive global production of the VA-X4, resulting in shorter production lead times and lower unit costs.
This important partnership sits within Vertical’s carefully constructed ecosystem of top-tier partners, which includes Microsoft, Rolls-Royce, Honeywell and Solvay. By working with such innovative and accomplished technology and aerospace companies, Vertical has not only assembled diverse expertise from world class organisations, but ensured it can accelerate its path to certification, de-risk execution, allow for a lean cost structure, and enable production at scale.
Stephen Fitzpatrick, Founder and CEO, said: “We are delighted that they are joining our unrivalled partner ecosystem. Their expertise in producing aerospace systems and structures will help the VA-X4 to meet the stringent safety standards mandated by the CAA and EASA, an essential step forward in our efforts to electrify flight.”
John Pritchard, President of GKN Aerospace’s Civil business, said: “The rapid progress being made towards electric aircraft is a game-changer for the industry. GKN Aerospace has decades of experience as a leader in both aerostructures and EWIS and we are excited to use that expertise to accelerate the transition to more sustainable aviation. Vertical has a great vision and we are proud that our technology can help bring that to reality and shape the future of flight.”
--ENDS--
About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,200 combined years of experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.
Vertical’s unrivalled top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification, allow for a lean cost structure and enable production at scale. Vertical has received conditional pre-orders for a total of up to 1,000 aircraft from American Airlines and Avolon, including a pre-order option from Virgin Atlantic, and in doing so is creating multiple near term and actionable routes to market. With speeds up to 200mph, a range over 100miles, near silent when in flight, zero operating emissions and low cost per passenger mile, the VA-X4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel.
About GKN Aerospace
GKN Aerospace is the world’s leading multi-technology tier 1 aerospace supplier. As a global company serving the world’s leading aircraft and engine manufacturers, GKN Aerospace develops, builds and supplies an extensive range of advanced aerospace systems, components and technologies – for use in Defence and Commercial aircraft ranging from helicopters, business jets, passenger planes to the most advanced fighter aircraft. Lightweight composites, additive manufacturing, innovative engine systems and smart transparencies help to reduce emissions and weight on the aircraft and enhance passenger comfort. GKN Aerospace is market leading in aerostructures, engine systems and operates in 13 countries at 41 manufacturing locations employing approximately 15,000 people.
Vertical Aerospace
Gavin Davis: This email address is being protected from spambots. You need JavaScript enabled to view it. / +447910 104 660
Samuel Emden: This email address is being protected from spambots. You need JavaScript enabled to view it. / +447816 459 904
GKN Aerospace
Daniel Kendrick: This email address is being protected from spambots. You need JavaScript enabled to view it. / +447979 453 400
DUBLIN--(BUSINESS WIRE)--The "Biogas Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global biogas market is expected to grow from $58.90 billion in 2020 to $64.14 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The market is expected to reach $88.47 billion in 2025 at a CAGR of 8.4%.
The biogas market consists of sales of biogas by entities (organizations, sole traders, and partnerships) that are engaged in the production of biogas. Biogas is a form of biofuel that is created spontaneously when organic waste decomposes. Biogas generation is also known as anaerobic digestion since it occurs in the absence of oxygen. It can be used for a range of purposes including automotive fuel, cooking, and power generation.
The main sources of biogas are municipal waste, industrial waste, agricultural waste, and others. Anaerobic Digestion (AD) of the organic portion of municipal solid waste (OFMSW) creates biogas that can be used to generate energy, hence reducing waste that would otherwise be landfilled. Biogas is used for residential, commercial, and industrial purposes. It is implemented in various areas such as power generation, heat generation, cogeneration, others.
Europe was the largest region in the biogas market in 2020. Asia Pacific is expected to record the fastest growth over the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The expansion of production facilities is a key trend gaining popularity in the biogas market. Major companies operating in the biogas sector are focusing on expanding their production facilities to meet the increasing demand for renewable energy and are replacing chemical fertilizers with recycled nutrients in the production of biogas.
The rising shift towards renewable sources of energy is expected to propel the growth of the biogas market in the coming years. Renewable energy, often known as clean energy, is derived from natural sources or procedures that are renewed regularly. Biogas is also referred to as renewable natural gas produced by the breakdown of organic matter such as animal waste and food scraps.
Key Topics Covered:
1. Executive Summary
2. Biogas Market Characteristics
3. Biogas Market Trends and Strategies
4. Impact Of COVID-19 On Biogas
5. Biogas Market Size and Growth
5.1. Global Biogas Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Biogas Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Biogas Market Segmentation
6.1. Global Biogas Market, Segmentation by Source, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Biogas Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Biogas Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Biogas Market Regional and Country Analysis
7.1. Global Biogas Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Biogas Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/7c8ptv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T. Office Hours Call 1-917-300-0470
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--The second table in the release dated September 10, 2021, has been amended to include Inter Pipeline Ltd as a deletion within the Tortoise North American Pipeline Index IndexSM (TNAP/TNAPT).
The updated release reads:
TORTOISEECOFIN ANNOUNCES INDEX UPDATES FOR THIRD QUARTER 2021
TortoiseEcofin today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2021. Following the close of trading on September 17, 2021, the indices will be rebalanced and as a result, the following changes will become effective.
Tortoise MLP Index® |
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(TMLP/TMLPT) |
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Action |
Company |
Ticker |
Deletion |
Hoegh LNG Partners LP |
HMLP |
Tortoise North American Pipeline IndexSM |
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(TNAP/TNAPT) |
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Action |
Company |
Ticker |
Addition |
DT Midstream Inc. |
DTM |
Deletion |
Inter Pipeline Ltd | IPL CN |
Ecofin Global Water ESG Index SM |
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(EGWESG/EGWESGT) |
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Action |
Company |
Ticker |
Deletion |
Cia de Saneamento Basico do Estado de Sao Paulo |
SBS |
Ecofin Global Digital Payments Infrastructure Index SM |
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(TPMT/TPAYMENT) |
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Action |
Company |
Ticker |
Deletion |
Splitit Ltd |
SPT AU |
Full constituent lists for each index from the second quarter rebalance can be found here:
Tortoise MLP Index® (TMLP):
https://tortoiseecofin.com/media/1528/tmlp-constituent-overview-61821.pdf
Tortoise North American Pipeline IndexSM (TNAP):
https://tortoiseecofin.com/media/1530/tnap-constituent-overview-61821.pdf
Ecofin Global Water ESG Index SM (EGWESG):
https://tortoiseecofin.com/media/1260/egwesg-constituent-overview-61821.pdf
Ecofin Global Digital Payments Infrastructure Index SM (TPMT):
https://tortoiseecofin.com/media/1539/tpmt-constituent-overview-61821.pdf
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, visit www.TortoiseEcofin.com.
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification (“SIC”) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).
The Ecofin Global Water ESG IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.
The indices mentioned above are the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM,and Ecofin Global Water ESG IndexSM (the “Indices”). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
The Ecofin Global Digital Payments Infrastructure IndexSM represents the existing global digital payments landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in digital payments, including merchant processing and settlement, real time record keeping, settlement networks, and Fintech products/ services that facilitate the ease, efficiency, and speed of electronic transactions. This includes companies whose primary business is comprised of one or a combination of the following categories: credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments Fintech) or online financial services market places.
This index mentioned above is the exclusive property of TIS Advisors and is calculated by Solactive AG (“Solactive”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG (“Solactive”) in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. TortoiseEcofin makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
For more information contact Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
EVgo becomes the first public EV charging network in the country to offer a rewards program for customers
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the launch of EVgo Rewards™, a customer loyalty program providing EV drivers the opportunity to earn points towards free fast charging sessions when they charge at EVgo locations. The launch follows a successful pilot program with more than 4,000 customers, making EVgo the first nationwide public EV charging network to offer a rewards program for its expanding customer base.
“EVgo customers’ #1 suggestion for us is to create more EVgo stations. And once we build them, those very same customers using our chargers are helping to fuel our rapid growth and expansion across America – and we’re excited to reward that. EVgo Rewards says thank you to EV drivers for charging with EVgo, for promoting transportation electrification on social media, and for just celebrating another birthday as an EV driver,” said Cathy Zoi, CEO of EVgo. “EVgo customers are local heroes in addressing climate change in their own lives and we all should share in the rewards for that."
How EVgo Rewards Works
The EVgo Rewards program, launching today, will allow EVgo customers to be enrolled into the program automatically as it rolls out nationwide. Members receive five points for every dollar they spend charging their car with EVgo, and have the opportunity to get extra points for liking and sharing EVgo’s social posts, by visiting the EVgo Rewards website, for being a member on their birthday, and other activities designed to surprise and delight EVgo drivers. When customers reach 2,000 points with EVgo Rewards, they’ll receive a free fast charging session, equivalent to $10 charging credit, with EVgo. Members can visit the EVgo Rewards page to check their balance and redeem their points.
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 275,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943
For Media:
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PASO ROBLES, Calif.--(BUSINESS WIRE)--Pearce Renewables, a leader in engineering, operations, and maintenance for renewable energy infrastructure, today announced the acquisition of Mountain Renewables, LLC, a national provider of technical field services for wind energy and utility-scale solar. The acquisition expands Pearce’s capabilities as a leading independent service provider to the renewable energy industry.
Mountain Renewables has developed an outstanding reputation as a provider of comprehensive solutions for the entire life cycle of renewable energy infrastructure, ranging from installation and commissioning to corrective and planned maintenance, major component exchange, repowering, site operational support, and decommissioning. “The addition of Mountain Renewables adds to Pearce’s deep expertise and provides an outstanding complement to our end-to-end technical services, operations, and maintenance capabilities,” said Zack Dorfman, Pearce Renewables’ Senior Vice President of Wind. “We are extremely impressed with their innovative approach to customer solutions and the high degree of cultural alignment with Pearce. We look forward to working together with the entire Mountain Renewables team.”
Pearce Renewables has assembled best-in-class operations and maintenance companies and leaders serving utility-scale wind, solar, electric vehicle (EV) charging, and battery energy storage system infrastructure. Mountain Renewables is Pearce Renewables’ third acquisition this year, following transactions with Mortenson Energy Services in June 2021 and A & A Wind Pros in March 2021 to expand its wind major component exchange, blade repair, cleaning, and technical services. Pearce entered renewable energy at the beginning of 2020 with acquisitions of World Wind & Solar and MaxGen Energy Services. Soon after, the services team from Suzlon North America joined to bring unique capabilities in engineering, spare parts, and technical wind services. Zack Dorfman, former leader of GE’s North American Wind Services team, joined to lead the Pearce Renewables Wind business. Kyle Williams, a former leader of Tesla’s energy services team, joined to lead the Pearce Renewables EV business. Today, with the addition of Mountain Renewables, Pearce Renewables has over 850 technicians throughout the country and is adding weekly to meet growing demand.
About Pearce Renewables, a Division of Pearce Services
Pearce Services is a leading national provider of operations, maintenance, and engineering services for mission-critical infrastructure. Pearce offers innovative, tech-enabled services for telecom, renewable energy, electric vehicle (EV), and energy storage system infrastructure customers safely around-the-clock. With nationwide coverage, we can deploy our highly trained technicians quickly and efficiently to provide unmatched response times, quality, and consistent service for distributed mission-critical assets. Pearce’s engineering and support teams use sophisticated software, analytics, and detailed safety plans to support our technical experts in the field. Constant innovation and close collaboration with our customers are a hallmark of our service. To learn more about Pearce Services and Pearce Renewables, visit www.pearce-services.com or www.pearce-renewables.com.
About Mountain Renewables
Mountain Renewables is an innovative field services company focused on utility-scale wind and solar power plants across the United States, providing repair and maintenance services including corrective and planned maintenance, as well as troubleshooting, commissioning, site support, and other technical operations. Mountain Renewables utilizes data-driven insights throughout the project lifecycle to deliver optimal outage management. Structured around the core values of safety, quality, integrity, and reliability, Mountain Renewables has a proven track record of increasing production, performance, and profitability for multi-megawatt renewable energy power plants. For additional information, visit www.mountainrenewables.com/.
For Pearce Services (Pearce Renewables):
Dana Gorman / Matthew Butler
Abernathy MacGregor
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212-371-5999 / 212-371-5999
Geoffrey Tollett
Vice President of Mergers & Acquisitions
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Bretana oil field production surpasses 2019 highwater mark
CALGARY, Alberta & HOUSTON--(BUSINESS WIRE)--#PTAL--PetroTal Corp. ("PetroTal" or the "Company") (TSXV: TAL, AIM: PTAL and OTC: PTALF) has completed the BN-8H (“8H”) well, PetroTal’s fourth horizontal well in the Bretana oil field.
Bretana field achieves record production of approximately 15,400 bopd
PetroTal commenced production of its fourth horizontal well 8H on September 4, 2021, with unrestricted flow rates of approximately 7,600 barrels of oil per day (“bopd”) over a ten-day period. Selected highlights are as follows:
Completion of well 8H below budget
ABOUT PETROTAL
PetroTal is a publicly traded, tri‐quoted (TSXV: TAL, AIM: PTAL and OTC: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal's flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95 where oil production was initiated in June 2018. In early 2020, PetroTal became the second largest crude oil producer in Peru. The Company's management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders.
For the full release and reader advisories, please visit: https://petrotal-corp.com/petrotal-announces-completion-of-8h-horizontal-well-with-record-production-of-nearly-8000-barrels-of-oil-per-day.
The Company's filed documents at http://www.sedar.com/.
PetroTal Investor Relations
Douglas Urch
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HOUSTON--(BUSINESS WIRE)--#ESG--FUELTRAX, the leading Electronic Fuel Management Solution (EFMS) provider for offshore vessels, has partnered with Topl, the company that has built the Topl Blockchain, to use Topl’s Blockchain-as-a-Service (BaaS) platform to meet the growing demand for greater transparency in energy trading operations.
With blockchain integrated into EFMS products, each step in the energy trading process has an equivalent digital step, including contract formation, asset tracking, and delivery of the product. As supply chain events occur in real time, each is added to the Topl Blockchain, where a tamperproof record will live forever, providing more granular documentation and traceability.
Adding the Topl Blockchain to FUELTRAX's fuel monitoring systems and tech stack will allow clients to track, review, and offer proof of every change in the fuel transfer process.
The Topl Blockchain links all steps for vessel fuel transfers, creating a full, complete, verifiable digital record. Any changes made along the supply chain will be recorded immutably. Clients will now be able to easily report on the progress of successful bunker and transfer operations.
Executive Commentary:
Anthony George, Founder and CEO of FUELTRAX:
"The maritime industry knows how crucial it is to constantly improve security efforts in offshore operations. The Topl Blockchain will help us to add a layer of verification to assure vessels operations are performing to achieve company goals and help prove ethical practices while using FUELTRAX technology."
Kim Raath, Founder and CEO:
“Blockchain technology is ideally suited to thrive and deliver value in complex ecosystems. The maritime shipping industry is composed of a web of parties and counterparties. Our technology is designed to cut through this intricate network of participants, deliver cohesive provenance, and increase the overall trust in the system.”
About FUELTRAX
FUELTRAX® is the leading smart fuel management system, compatible with any vessel, engine, or fuel in any location in the world. It reduces onboard fuel consumption costs, emissions and sets the standard for secure, compliant, and optimized vessel performance. Each FUELTRAX installation includes access to the cloud-based data analytics service, FUELNET™. FUELTRAX delivers an over 99% system uptime globally and is the only EFMS accepted universally by all major oil companies.
FUELTRAX is a patented product of Nautical Control Solutions, LP (US Patent 7,024,317).
FUELTRAX® and FUELNET™ are marks of Nautical Control Solutions, LP. All rights reserved.
For further information, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Topl
Topl is a Texas-based, venture-backed company building an impact technology economy that enables digital and sustainable transformation across value chains and empowers the monetization of impact verified on the Topl Blockchain. The Topl Blockchain improves transparency of sustainability tracking, provides marketers the insights to create provable brand stories for responsible products, and enables executives to unlock reputational and financial value from impact efforts. Founded in 2017, Topl has built the Topl Blockchain to track, tokenize, and transact positive impact and sustainable practices. Topl is a diverse team, centers ESG as a core value, and draws inspiration from the UN's 17 Sustainable Development Goals. Topl sits as a member organization on the CNBC ESG council.
Chris Malloy, Senior Content Manager, This email address is being protected from spambots. You need JavaScript enabled to view it.
Leadership changes to accelerate DTE’s expansion as a provider of unique real-time and predictive metals intelligence solutions
REYKJAVIK, Iceland--(BUSINESS WIRE)--The Board of DTE ehf. (DTE) (www.dte.ai), a leader in metals intelligence, is pleased to announce the appointment of Diego Areces as Chief Executive Officer.
Diego Areces, who joined DTE in 2020 after a long tenure at Schneider Electric, succeeds Karl Matthiasson, one of the Company's two founders, who steps into the role of Chief Financial Officer.
The changes reflect DTE's increased commercial focus and reorganization to accelerate its market expansion, as it continues to innovate around its unique elemental analysis LP-LIBS™ technology, advances its real-time and predictive metals intelligence platform to the next level, and launches its forthcoming Series B financing round. Diego Areces' mission will be to lead DTE through its growth phase, while Karl Matthiasson, in his new role as CFO, will focus on solidifying DTE's financial foundation, expanding its global presence and leading the next funding round.
“I'm very pleased to take on the CEO role to continue building on the success of DTE’s technological accomplishments,” commented Mr. Areces. “Our disruptive technology is poised to transform the metals market and the team has developed solid relationships with strategic customers, which collectively form the launch pad of DTE's market expansion. Our metals intelligence platform enabled by our unique elemental analysis technology allows us to deliver beneficial financial and environmental business outcomes to our customers. We see ourselves as significant contributors to a carbon-neutral future and digital transformation towards Industry 4.0 for the industries we serve. I want to thank both Karl and Sveinn, the co-founders and prior CEOs, for their achievements and the support that they have provided to my appointment.”
“We’re delighted to announce Diego’s leadership and are convinced that he is the right person to drive DTE going forward,” commented DTE co-founder and CEO Karl Matthiasson. “We look forward to the next phase of the Company’s evolution and will continue to build a larger, stronger team to deliver the value that we can achieve through unlocking the future of metals.”
Richard MacKellar, Managing Partner at Chrysalix Ventures and Chairman of the Board of DTE, commented, “Chrysalix is excited and supportive of the nomination of Diego Areces as DTE's CEO. We welcome Diego to this new role in the Company as we continue to drive DTE's growth to fulfill its potential in leading a market of new and better, greener, safer, more efficient metals through technological innovation and value-added solutions. I would also like to thank and acknowledge Karl for his outstanding leadership up to this point, which continues with the challenge of leading DTE's financing and next funding rounds.”
Find out more about DTE's metals intelligence solutions at www.dte.ai.
About DTE ehf.
DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.
Our purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving its digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.
IREAS, DTE's unique, connected, real-time intelligence from liquid metals solution seamless integrated IT and OT, combining chemical composition analysis from molten metals based on Liquid-Phase Laser-Induced Breakdown Spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.
For more information, please visit www.dte.ai.
DTE ehf.
Diego Areces, CEO
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(+354) 698 0173
Project is expected to be the largest battery energy storage project in Virginia when it becomes operational in 2022.
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--#batteries--East Point Energy, a Virginia-based energy storage developer, announced the sale of the Dry Bridge Energy Storage project to Dominion Energy Virginia, one of the nation’s largest utilities. At 20 megawatts / 80 megawatt-hours, Dry Bridge is expected to be the largest battery energy storage project in the Commonwealth of Virginia when it becomes operational in 2022. Located in Chesterfield County, Dry Bridge will be an essential component of Dominion Energy’s 100% clean energy future.
Dominion Energy acquired Dry Bridge as part of the company’s 2020 Clean Energy Request for Proposals. Under the Virginia Clean Economy Act, Dominion Energy will build or procure 2,700 megawatts of energy storage capacity by 2035 and must have 100% of its electricity sales in Virginia come from clean energy sources by 2045.
In addition to providing power to approximately 5,000 homes at peak output, this project is capable of delivering services that include:
“Dominion Energy is committed to delivering clean energy to our customers in Virginia. This important project is expected to enhance grid reliability, a key requirement of the Virginia Clean Economy Act. We are excited to be partnering with East Point Energy on one of Virginia’s largest battery energy storage projects to date” said Ricky Elder, III, Dominion Energy’s Manager of Business Development.
“East Point was founded on the premise that renewable energy from sources like wind and solar are cost-effective but inherently intermittent,” said Andrew Foukal, CEO of East Point Energy. “Therefore, energy storage is essential to enabling a renewable, resilient, and affordable electric grid. We would like to thank Dominion Energy for their strong partnership on this groundbreaking project.”
About East Point Energy
East Point Energy is a leading energy storage project development firm located in Charlottesville, Virginia. East Point is developing over 2,000 megawatts of energy storage systems in various markets around the country, transforming the grid into a renewable, resilient, and affordable system for generations to come. For more information, visit https://eastpointenergy.com
Anne Eschenroeder
Chief of Staff
(434) 465-6210, This email address is being protected from spambots. You need JavaScript enabled to view it.
Acquisition Facility Will Also Support Further Strategic M&A by IMServ
LONDON & LOS ANGELES--(BUSINESS WIRE)--Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of IMServ, a pioneer of metering and data services for the electricity, gas and water sectors in the U.K., by Bluewater, the specialist international private equity firm focused on the middle market energy sector. Crescent has also provided a committed acquisition facility for IMServ to further accelerate growth through strategic M&A. Terms of the transaction were not disclosed.
With over 500 employees, IMServ is one of the U.K.’s largest independent energy data management providers and the market leader in half-hourly data collection for the industrial and commercial markets. IMServ is well-known for its ability to not only process high volumes of energy data quickly and consistently but also deliver accurate billing and settlement services.
“We are pleased that Crescent is able to provide the financing to facilite the strategic growth of IMServ, which is well-positioned to take advantage of the UK-wide transition to smart meters and half-hourly data processing within the SME and residential markets,” said Christine Vanden Beukel, Managing Director and head of Crescent’s European Specialty Lending strategy. “Working with sponsors with sector-focused funds like Bluewater is a testament to the strength of our flexible capital solutions, and we look forward to continuing to meet the financing needs of sponsors and their portfolio companies.”
About Crescent Capital Group
Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. With more than 85 investment professionals and approximately 180 employees, the firm invests at all levels of the capital structure, with a significant focus on below investment grade credit through strategies that invest in senior bank loans, unitranche loans, high yield debt, mezzanine debt, and other private debt securities. As of June 30, 2021, Crescent Capital Group managed approximately $34 billion, with a relatively equal split between marketable securities and privately originated debt investments. For more information about Crescent Capital Group, please visit www.crescentcap.com.
About IMServ
IMServ is one of the U.K.’s largest independent energy data management providers. Their end-to-end energy data solutions help organisations across all sectors make intelligent use of their energy. The company offers a range of specialist metering technology for electricity, gas and water along with highly accurate energy data collection services. All of this incorporated within an easy-to-view online data management analysis and reporting software platform. For more information, please visit www.imserv.com.
About Bluewater
Bluewater is a specialist international private equity firm focused on the middle-market energy sector. Their experienced investment and operating professionals drive value creation as they manage $2.5 billion of investment across a portfolio of 22 companies. Today, Bluewater has a prime focus on projects or technologies that contribute to the energy transition agenda, and works to a diversified investment strategy based on the principles of sustainability and close working partnerships with best-in-class management teams. Bluewater has a strong focus on ESG, and is a signatory to the UN Principles for Responsible Investment. For more information about Bluewater, please visit www.bluewaterpe.com.
Crescent Capital Group
Mendel Communications
Bill Mendel, +1-212-397-1030
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DUBLIN--(BUSINESS WIRE)--The "Proppants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Proppants Market is expected to register a CAGR of over 5%, during the forecast period (2021-2026).
Companies Mentioned
Key Market Trends
Frac Sand Segment Expected to Dominate the Market
United States to Dominate the Market in the North American Region
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Improvements in Fracking Technology
4.1.2 Increasing Shale Gas Production Activities
4.2 Restraints
4.2.1 Environmental Concerns and Legislation
4.2.2 Impact of COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.5 Price Analysis
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) / Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Shifting Focus toward the Usage of Ceramic Proppants
For more information about this report visit https://www.researchandmarkets.com/r/sfidsf
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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LONDON & ROCHESTER, England--(BUSINESS WIRE)--BAE Systems, in collaboration with other maritime industry leaders, has secured funding from the UK Department of Transport to design, develop, and demonstrate exciting new power and propulsion technologies for London, with the potential to reduce emissions across global waterways.
Working across two separate projects in the city with Uber Boat by Thames Clippers, a ferry operator, and Cory, a waste to energy management company, BAE Systems will use its expertise in providing integrated solutions in electric propulsion and power management, alongside its experience in vessel autonomy. This approach will deliver connected solutions to reduce the power demands of vessels, in conjunction with their design, to increase efficiency.
The projects will also look at how onboard and shore based high power, rapid charging points can be developed to provide charging stations for vessels to keep on the move.
These two projects are part of the Clean Maritime Demonstration Competition, funded by the Department for Transport and delivered by Innovate UK. Each project will start as a feasibility study that will show the technological and commercial viability of connected system designs.
“The UK government has set robust targets for nationwide net zero carbon emissions by 2050 and we all have a part to play to achieve that ambition, but we can’t do this on our own,” said Paul Simavari, Business Development Manager for BAE Systems’ Electronic Systems sector. “The Clean Maritime Demonstrators are an exciting new approach to the Zero Emissions challenge and by bringing together companies with expertise across the industry, we will be able to create a cleaner, more sustainable and more environmentally friendly marine sector.”
Uber Boat by Thames Clippers operates 21 vessels along the River Thames, providing links across the city for commuters and tourists. This project will investigate how low- and zero-emission propulsion and power management technology, which includes intelligent controls, can make a positive difference in transporting people and goods around a busy capital city.
Geoff Symonds, Chief Operating Officer for Uber Boat by Thames Clippers said: “As the operator of a modern and fuel-efficient high speed passenger boat service on the River Thames, we are, and have been for over 20 years, at the forefront of innovation for the river marine sector. We are committed to supporting the sustainable growth of infrastructure on and around the river to ensure its long-term importance to Greater London. We pride ourselves on driving the technology forward to ensure we are continually working to improve both the efficiency and environmental impact of our business. As such, we are proud to be working alongside BAE Systems to achieve a greener marine future.”
The second, separate study with Cory, the only UK recycling and waste management company to transport waste by river, will look at how low and zero-emission propulsion and power management technology, combined with autonomous capabilities can bring cleaner energy to the waste management industry. Cory already turns waste into construction materials and a clean source of energy that feeds back into London’s main power grid and that could potentially supply Thames River users.
Cory’s Director of Logistics, Fran Comerford-Cole, said: “Cory’s collaboration with BAE Systems is an important, coordinated effort to reduce shipping emissions and explore the potential of autonomous propulsion. As a business, we are proud of our stewardship of the Thames and the river’s role in reducing the environmental impact of our operations. We want to take this a step further by helping to drive innovation in lower and zero carbon marine vessels. In turn, this will help the UK on its road – or voyage – to net zero.”
The Clean Maritime Energy Competition will expand BAE Systems’ existing clean energy footprint in London, with engine drive technology already featuring on nearly 1,000 of the city’s iconic red buses.
These two feasibility studies will start this month and will be completed by March 2022. The aim is then to produce vessel demonstrators for each project to prove the findings of the study before being adopted by the wider fleet.
For further information:
Dan Palmer, BAE Systems
T: +44 (0) 7789 618513
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Sean Hills, BAE Systems
T: +44 (0) 7827 991666
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SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Fred M. Diaz has been elected as an independent director to Valero’s board of directors (the “Board”) and has joined the Board’s Nominating/Governance and Public Policy Committee, effective immediately.
Mr. Diaz most recently served as President, Chief Executive Officer and Chairman of the Board of Directors of Mitsubishi Motors North America, Inc. He has extensive experience in the global transportation industry, and previously served in various executive and senior management roles at Mitsubishi Motors Corporation in Japan, Nissan Motor Corporation, and Fiat Chrysler Automobiles, where he served as President and Chief Executive Officer of both the Ram Truck brand and Chrysler Mexico.
“We are honored to welcome Fred to our board. He brings a valuable perspective on the transportation sector through his experience as a business leader across the globe,” said Joe Gorder, Valero’s Chairman and Chief Executive Officer.
Mr. Diaz was born and raised in San Antonio, Texas and currently serves on the board of directors of SiteOne Landscape Supply, Inc., Smith & Wesson Brands, Inc. and Archer Aviation Inc. Mr. Diaz is a Director Member of the Latino Corporate Directors Association (LCDA) and a National Association of Corporate Directors (NACD) Board Leadership Fellow.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and it owns 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.7 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
A Global Semiconductor Industry Leader in Publishing TCFD Report
HSINCHU, Taiwan--(BUSINESS WIRE)--TSMC (TWSE: 2330, NYSE: TSM) today marked the International Day for the Preservation of the Ozone Layer with a commitment to reach net zero emissions by 2050. The Company also published its Task Force on Climate-related Financial Disclosures (TCFD) Report, becoming a semiconductor industry frontrunner in climate disclosure while taking actions towards the Company’s environmental sustainability goals.
As a responsible corporate citizen, TSMC strives to adapt to climate change and mitigate climate impact to protect our shared global environment. Guided by its ESG Policy and Environmental Policy, TSMC actively plans and implements actions to mitigate climate change, closely tracks a wide range of global climate action indicators, and is now taking a step further to create its roadmap to reach net zero emissions.
In 2018, TSMC published its Climate Change Statement, clearly stating that the Company addresses climate change through the two key measures of impact mitigation and risk adaption. At the same time, TSMC adopted the framework set by the Financial Stability Board's TCFD to identify risks and opportunities, as well as to set measurement benchmarks and manage targets. With an effective grasp of the progress and results of its actions taken on climate change, TSMC is able to lower the financial impact of climate risk on operations, and disclose results in the TSMC Corporate Social Responsibility Report.
To further address stakeholders’ concerns on climate change and focus on related issues, TSMC followed the TCFD framework and its spirit to publish the TCFD report in 2021, systematically disclosing management strategy and targets, ensuring sound execution and controls, and providing a comprehensive description of TSMC’s work and progress in responding to climate change.
“TSMC is deeply aware that climate change has a severe impact on the environment and humanity. As a world-leading semiconductor company, TSMC must shoulder its corporate responsibility to face the challenge of climate change,” said Dr. Mark Liu, Chairman of TSMC and Chairman of the Company’s ESG Steering Committee. “In addition to becoming the world’s first semiconductor company to join RE100, this year we have answered the call to action on net zero and published our TCFD report, aiming to broaden our green influence and drive the industry towards low-carbon sustainability.”
In 2020, TSMC established its Net Zero Project, composed of working groups from relevant organizations which discuss and evaluate the net zero target. In the same year, TSMC’s global offices achieved net zero emissions of greenhouse gases. To achieve its goal of net zero by 2050, TSMC will set related mitigation measures, continue to strengthen its wide variety of green innovations, and actively adopt renewable energy. The Company has set the short-term goals of zero emissions growth by 2025, and reducing emissions to year 2020 levels by 2030. TSMC will continue actively evaluating and investing in all types of opportunities to reduce carbon emissions.
For TSMC 2020 TCFD Report, please visit https://esg.tsmc.com/download/csr/TSMC_TCFD_Report_E.pdf
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 281 distinct process technologies, and manufactured 11,617 products for 510 customers in 2020 by providing broadest range of advanced, specialty and advanced packaging technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the most advanced semiconductor process technology available in the world. The Company is headquartered in Hsinchu, Taiwan. For more information, please visit https://www.tsmc.com.
TSMC Spokesperson:
Wendell Huang
Vice President and CFO
Tel: +886-3-505-5901
TSMC Media Contacts:
Nina Kao
Head of Public Relations
Tel: 886-3-5636688 ext.7125036
Mobile: +886-988-239-163
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Hui-Chung Su
Public Relations
Tel: 886-3-563-6688 ext.7125033
Mobile: +886-988-930-039
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Michael Kramer
Public Relations
Tel: 886-3-5636688 ext.7125031
Mobile: +886-988-931-352
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
AKRON, Ohio--(BUSINESS WIRE)--$BW #industrial--Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at D.A. Davidson’s 20th Annual Diversified Industrials & Services Conference, which is being held virtually on September 22-23, 2021.
Kenneth Young, B&W’s Chairman and Chief Executive Officer, and Louis Salamone, B&W’s Chief Financial Officer, are scheduled to present on September 22 at 8 a.m. Eastern time, with one-on-one meetings to be held throughout the conference.
To receive additional information, request an invitation or to schedule a one-on-one meeting, please email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 1-800-755-7848.
About the 20th Annual Diversified Industrials & Services Conference
The 20th Annual Diversified Industrials & Services Conference is an invitation-only virtual event that includes participation from industry leading and emerging growth companies within industrial technology, building products, clean technology, engineering construction & industrial services, heavy materials, discrete manufacturing and specialty services & equipment sectors. In addition to scheduled one-on-one and group meetings, there are planned panel discussions with industry experts and D.A. Davidson’s Industrials professionals in Research and Investment Banking.
About B&W Enterprises
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at www.babcock.com.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Power over Ethernet has the potential to play a key role in efficient building renovation projects
BOULDER, Colo.--(BUSINESS WIRE)--#PoE--A new report from Guidehouse Insights analyzes the global market for Power over Ethernet (PoE) in digital building applications, providing forecasts by segment and region through 2030.
Although PoE offers a weaker value proposition in building network infrastructure compared with wireless or other wired connections, updated PoE standards in 2018 and technology advancements, such as a single-pair PoE, have strengthened its market position. According to a new report from Guidehouse Insights, the PoE market is anticipated to grow from $113.8 million in 2021 to $614.9 million by the end of 2030 at a compound annual growth rate (CAGR) of 20.6%.
“While PoE is not expected to be a primary technology in building automation, it is expected to be a key connectivity solution in building network infrastructure, depending on the network’s design,” says Young Hoon Kim, senior research analyst with Guidehouse Insights. “Many building network renovations and new building construction projects are expected to adopt the technology due to its core benefits of reliability, flexibility, and easy installation.”
To stay competitive in the efficient building market, vendors in communication and power networks must see PoE as one of the network solutions. For example, PoE can be used to connect optical networks and DC power with end devices. Industry players and building owners must then decide when and how to apply PoE effectively among numerous existing approaches to design building network infrastructure in data and power.
The report, Market Data: Power over Ethernet for Digital Buildings, analyzes the global PoE market trend in digital building applications, technology and industry trends, and technical advancements. The report provides global market forecasts by segment and region extending through 2030. The report also examines the core value of PoE in building network infrastructure and the challenges ahead. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Power over Ethernet for Digital Buildings, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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DUBLIN--(BUSINESS WIRE)--The "General Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
General Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global general transport market as it emerges from the COVID-19 shut down.
Major companies in the general transport market include Deutsche Post DHL Group; United Parcel Service; FedEx; Japan Post Holdings and Schenker AG.
The global general transport market is expected to grow from $1515. 72 billion in 2020 to $1685. 7 billion in 2021 at a compound annual growth rate (CAGR) of 11. 2%. The market is expected to reach $2250. 51 billion in 2025 at a CAGR of 7%.
The general transport services market consists of sales of general transportation services and related goods by entities (organizations, sole traders and partnerships) that provide local general freight trucking services. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. The general transport market is segmented into sightseeing transport & support activities for transport; couriers and messengers and postal services.
Western Europe was the largest region in the global general transport market, accounting for 39% of the market in 2020. Asia Pacific was the second largest region accounting for 26% of the global general transport market. Africa was the smallest region in the global general transport market.
Courier service providers are now offering on-demand delivery services for faster and efficient delivery of parcels. On-demand delivery provides customers with a flexible option of getting packages delivered at their convenient time and place. This service can also be integrated with point-of-sale systems and ecommerce platforms which enable courier companies to efficiently manage their operations, and thus is a cheaper, faster and more reliable mode of parcel delivery.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. General Transport Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. General Transport Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. General Transport Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. General Transport Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. General Transport Market Trends And Strategies
8. Impact Of COVID-19 On General Transport
9. General Transport Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. General Transport Market Regional Analysis
10.1. Global General Transport Market, 2020, By Region, Value ($ Billion)
10.2. Global General Transport Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global General Transport Market, Growth And Market Share Comparison, By Region
11. General Transport Market Segmentation
11.1. Global General Transport Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. General Transport Market Segments
12.1. Global Sightseeing Transport & Support Activities For Transport Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Scenic And Sightseeing Transport; Support Activities For Transport
12.2. Global Couriers And Messengers Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Domestic Couriers; International Couriers
12.3. Global Postal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13. General Transport Market Metrics
13.1. General Transport Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average General Transport Market Expenditure, 2015-2025, Global
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hdakia
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Event speakers include Salesforce, Duke Energy, Con Edison, Portland Gas Electric, PEPCO, among others
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Utilities and energy retailers around the world will come together for the fifth annual Bidgely Engage Virtual 2021 conference, taking place October 5 - 8, to uncover the role of customer-centric artificial intelligence (AI) in achieving organization-wide goals. Utility leaders, industry luminaries and tech experts will discuss trends and best practices shaping the energy sector’s digital transformation as well as tactical strategies for bringing AI applications to life.
“Under the motif Future Ready, this year’s Engage embodies the core of energy innovation, and the path to a sustainable future through AI, from the perspectives of key industry players and analysts,” said Gautam Aggarwal, chief business officer for Bidgely. “Returning to the virtual stage once again gives way to a broad speaker lineup to provide attendees with a wealth of diverse experiences and knowledge.”
Engage Virtual 2021 encompasses three short days of high-impact sessions, followed by a day of hands-on demonstrations that illustrate AI in action. Sessions will focus on how utilities use data analytics to balance immediate business needs, such as customer experience and demand side management, alongside larger corporate initiatives of reaching net-zero targets, improving customer relationships and modernization.
Session content filmed onsite at leading utility locations will be aired during the event, followed by live Q&A with each speaker. Featured speakers include:
For Engage 2021 registration information, visit www.bidgely.com/events/engage-virtual.
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to TOU rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Christine Bennett
Bidgely
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