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.
Lindsay Funicello-Paul
+1.781.270.8456
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Tenants to Benefit from Clean, Renewable Solar Energy and Utility Savings
OAKLAND, Calif.--(BUSINESS WIRE)--Bright Power, Inc. and Ivy Energy today announced their California-based collaboration to provide property owners software that profitably solves the split incentive challenges often associated with implementing solar energy and centralized battery storage. The collaboration opens access to clean energy for all energy consumers, regardless of if they own or rent their home; tenants are billed directly for their clean energy footprint. Through simplified bill management, both owners and tenants will have a clear understanding of how they consume electricity and how their actions can conserve energy, save more money, and be part of the 21st century energy grid.
With California’s commitment to 60% renewable energy by 2030 and 100% by 2050, all California property owners will need to decarbonize their properties.
Bright Power -- the premier provider of energy and water management services and trusted advisor for real estate owners, investors, and operators -- brings seventeen years of experience in renewable energy, energy efficiency, project management, and energy analysis. A leader in the identification of innovative technologies, Bright Power has improved building performance for more than 14,500 buildings and over 235,800 apartment units in California.
Serving as the owner’s representative, Bright Power is positioned to leverage their expertise to manage the solar installer, optimize the design, and ensure proper installation for maximum electricity production.
With Bright Power’s guidance, building owners can install large solar PV arrays that generate enough electricity to offset an entire property’s electricity consumption while managing operations and tenant allocations through Ivy Energy’s billing solution. Ivy eliminates the complexities of solar billing across multiple units; owners see an increase in net operating income while tenants benefit from electric utility savings. How Ivy makes it simple:
The Ivy platform has “virtually” 5.5 MWh’s of clean energy running through it every year that otherwise wouldn’t have been deployed. There are over 7,000,000 renting households in California and Ivy has ambitions to help enable clean energy access to all of them.
“Bright Power is committed to identifying the most innovative and impactful solutions for real estate owners and operators to increase their net operating income and reduce carbon emissions. We are excited to introduce the Ivy Energy billing solution to our customers considering integrating solar at their properties,” said Andrew Ulmer, Executive Vice President of Strategy and Growth for Bright Power.
“Our team is on a mission to evolve the way that shared buildings create, use, and think about energy. It's taken nearly 10 years longer for multifamily buildings to adopt solar energy compared to other real estate sectors. Solving the split incentive problem using innovative technology and business model design was a big challenge that our team has been able to de-risk and provide to the multifamily community. We are excited to play our role in this partnership in helping the multifamily real estate sector adopt clean energy at greater scale and catch up to other sectors,” said Ivy Energy Founder, Dover Janis.
Together, Bright Power and Ivy Energy will create new opportunities for real estate owners to increase their net operating income with minimal risk and complexity. This collaboration will also create savings for tenants while benefiting the environment.
About Bright Power
Bright Power provides strategic energy and water solutions to building owners and operators across the nation. Specializing in multifamily apartment buildings, Bright Power has worked with almost 2 million units that cover over 2 billion square feet. Bright Power’s energy management solutions include EnergyScoreCards benchmarking software, energy audits, energy procurement, on-site generation, green building design services, turnkey installation of energy improvements and ongoing energy management. For more information, please visit www.brightpower.com.
About Ivy Energy
Ivy’s software platform is delivered as a managed technology service comprised of intelligent energy monitoring, solar allocation management, community shared value ledger, and Virtual Grid algorithms that provide a turn-key solution for a real estate owner “Host” to transact with tenants “users” when using clean energy and sharing the benefits that come from onsite distributed energy systems. This platform provides a consumer-friendly structure that guarantees savings to tenants while providing owners with a predictable return on investment, adding new NOI to their property from an onsite solar (PV) investment. For more information on Virtual Grid & Ivy’s software platform features please visit https://www.ivy-energy.com/.
Stephanie Driscoll
Chameleon Collective
781-535-8489
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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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DALLAS--(BUSINESS WIRE)--#DairyDigester--MBL Bioenergy, LLC (“MBL Bioenergy”) announced today that it has entered into definitive agreements to develop several clusters of dairy farm digester projects to produce renewable natural gas (“RNG”) from multiple farms in South Dakota. MBL Bioenergy is a joint venture funded by UGI Energy Services, LLC (“UGIES”) as well as subsidiaries of California Bioenergy LLC (“CalBio”) and Sevana Bioenergy, LLC (“Sevana Bioenergy”). UGIES is a subsidiary of UGI Corporation (NYSE: UGI).
MBL Bioenergy combines the experience and expertise of UGIES and two premier dairy digester project development companies, California Bioenergy and Sevana Bioenergy. The clusters of projects are expected to produce 650 million cubic feet of RNG annually when complete and on-line by the end of calendar year 2024. The RNG will be delivered to the local natural gas pipelines serving the regional distribution system. In totality, the projects will represent over $100 million investment in RNG by MBL Bioenergy, with funding by UGIES on a per project basis. UGIES, through its wholly-owned subsidiary, GHI Energy, will be the exclusive marketer for MBL Bioenergy.
“We are pleased with this agreement as it advances our strategy to position UGI as a leading provider of sustainable energy solutions,” said Robert F. Beard, Executive Vice President, Natural Gas. “In addition to substantially reducing greenhouse gas emissions, using dairy RNG as a vehicle fuel provides significant air quality benefits. We look forward to making additional investments in this area as we advance the use of RNG as an environmentally responsible and clean energy solution.”
“This partnership with UGI is another positive step forward in expanding our carbon negative renewable natural gas business,” said N. Ross Buckenham, CEO of CalBio. “Our dairy methane capture and refining projects are delivering significant environmental benefits, improving economics for dairy farm partners and supplying a clean burning diesel replacement fuel. Through our subsidiary, Midwest Bioenergy LLC, this joint venture with UGI, a new, powerful and committed strategic partner, anchors our dairy RNG expansion into the Midwest.”
“Sevana is excited to build upon its existing relationship with UGI to produce renewable fuel for UGI customers. This is another example of Sevana’s team of biogas experts deploying state-of-the-art renewable energy technology to create strong and value-adding partnerships in agricultural communities,” said John McKinney, President of Sevana. “We believe that these dairy digester projects will demonstrate how multiple farms can participate in community projects that benefit the local economy, environment, and stakeholders in South Dakota.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States, California, and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
About CalBio
CalBio is a leading developer of dairy digesters for generating renewable vehicle fuel and electricity. Founded in 2006, CalBio works closely with the California Air Resources Board, California Department of Food and Agriculture, the California Public Utility Commission, the California Energy Commission, USDA and the dairy industry to develop projects to help the dairy industry achieve its methane reduction goals, protect local air and water quality, create local jobs and generate a new revenue stream. CalBio is currently operating and/or developing over 100 dairy digester projects in California and now through its affiliates: Midwest Bio, Northwest Bio, and Southwest Bio, is developing projects across the country. For more information call CalBio or visit: www.calbioenergy.com.
About Sevana
Sevana Bioenergy develops, designs, owns and operates large-scale anaerobic digestion projects which produce renewable natural gas and organic based soil amendments. Using state-of-the-art technology, engineering, and design, we are advancing the future of biogas energy production in the United States. Biogas projects reduce waste, increase the use of renewable energy and reduce long-term greenhouse gas emissions. Our mission is to be a market leader in accelerating the production of renewable natural gas derived from anaerobic digestion facilities in North America. With an experienced team of national and international experts, we build value-add partnerships in agricultural communities by creating new markets for existing agricultural businesses. Our goal is to ensure that communities benefit and thrive through these partnerships while building renewable solutions to local waste and energy challenges. More information is available at www.sevanabioenergy.com.
UGI Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced it intends to challenge a jury verdict rendered on Sept. 15, 2021 in the U.S. District Court in Delaware related to claims by BASF Corporation, Florham Park, New Jersey, that Ingevity engaged in anticompetitive activities and interfered with an alleged prospective relationship between BASF and a customer. The claims relate to Ingevity’s enforcement of its patent covering canister systems used in automotive gasoline vapor emissions control (Patent No. RE38,844) and the company’s entry into several supply agreements with customers of its fuel vapor canister honeycombs. The jury ordered Ingevity to pay antitrust damages of approximately $28 million, which will be automatically tripled under U.S. antitrust law to roughly $85 million. Ingevity believes in the strength of its intellectual property and the merits of its position and intends to pursue all legal relief available to challenge this outcome.
Ingevity’s ’844 patent – set to expire in March 2022 – relates to certain canister systems designed to achieve gasoline vapor emissions levels that comply with the most stringent U.S. Environmental Protection Agency Tier 3 and California LEV III regulations. The verdict relates to the company’s enforcement of its patent rights regarding fuel vapor canisters in the U.S. and Canada that use its honeycomb scrubber to reduce certain types of vehicle emissions, as well as to supply agreements with certain customers. The verdict is not related to the manufacture of Ingevity’s activated carbon.
The company does not anticipate an immediate impact to commercial sales and is not aware of a competing certified or tested honeycomb that could replace sales of Ingevity’s product immediately due to the multiyear automotive design cycle of original equipment manufacturers and Tier 1 suppliers. The decision has no bearing on the company’s ’649 patent family obtained in the U.S., Europe and China to reduce emissions in low-purge engines, which Ingevity believes could apply to anywhere from 25% to 60% of future near-zero fuel system designs.
Ingevity’s Nuchar® activated carbon products are manufactured to both capture gasoline emissions and return them to the engine for their intended use, giving the company a competitive advantage in providing original equipment manufacturers with the greatest flexibility, quality and reliability and minimal canister design. Nuchar products are part of Ingevity’s Performance Materials segment that has manufacturing facilities in Covington, Virginia, Wickliffe, Kentucky, Waynesboro, Georgia, and Changshu and Zhuhai, China. Ingevity estimates that the gasoline emissions captured and recovered globally using our activated carbon results in a savings of roughly 40 million tons of CO2 every year.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
Cautionary Statements About Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “outlook,” “believes,” “anticipates” or similar expressions. Forward-looking statements may include, without limitation, litigation strategies, expectations and outcomes, expected financial positions, results of operations and cash flows; financing plans; business strategies and expectations; operating plans; and the impact of COVID-19. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, litigation outcomes, adverse effects from the COVID-19 pandemic; adverse effects of general economic and financial conditions; risks related to international sales and operations; and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K, our Form 10-Q for the quarter ended March 31, 2021, and other periodic filings. These forward-looking statements speak only as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.
Caroline Monahan
843-740-2068
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Investors:
Bill Hamilton
843-740-2138
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Acquisition Bolsters Valicor’s Responsible Waste Recycling Services in the Midwest Region
MONROE, Ohio--(BUSINESS WIRE)--Valicor Environmental Services (“Valicor”), North America’s largest provider of non-hazardous wastewater treatment services, today announced it has acquired EnviroSolids, LLC (“EnviroSolids”) and its affiliated companies. The addition of EnviroSolids, a leader in sustainable, non-hazardous waste and recycling services, supplements Valicor’s leading network of responsible wastewater processing facilities in the Midwest.
Located in Dearborn, MI, EnviroSolids is an industry leader in the disposal of non-hazardous waste material, with a proven commitment towards landfill diversion and beneficial reuse. The company operates a Centralized Waste Treatment Plant (“CWT”) and Part 115 Licensed Solid Waste Processing Plant (“SWP”) within a 10-acre campus. EnviroSolids has specialized capabilities in multiple disposal methods, including waste-to-energy, wastewater treatment, solidification and used oil recycling.
“We are pleased to welcome EnviroSolids to our expanding network of treatment facilities,” said Steve Hopper, Chief Executive Officer of Valicor. “The EnviroSolids team brings to Valicor a firm commitment to sustainability-focused waste treatment, disposal and recycling services. Together we will provide a fulsome service offering to our growing base of customers in the Midwest.”
“Valicor continues its strategic expansion across the Midwest,” said Bill Hinton, Senior Advisor of Corporate Development at Valicor. “With the addition of the EnviroSolids business to our leading platform, Valicor strengthens its commitment to environmentally responsible services as we serve both new and existing customers.”
Burt Pierce, Managing Member of EnviroSolids, said, “Our entire team has always been dedicated to providing excellent service and identifying strategic partnerships that can create value for our customers and our people. Our company has grown significantly by collaborating with our customers and the various agencies regulating our facility, and today EnviroSolids is one of the most innovative environmental companies in our market. The acquisition by Valicor is the next logical step in the company’s growth. In knowing Valicor and its leadership as I do, I am confident that EnviroSolids, its people and customers are in good hands for decades to come.”
Valicor is part of the Pritzker Private Capital family of companies. Valicor’s acquisition strategy focuses on acquiring CWT facilities and other providers of environmental services, including solidification, waste-to-energy, product destruction and related services.
Anthony Cardona, Principal at Pritzker Private Capital, commented, “We welcome EnviroSolids to the Valicor and Pritzker Private Capital family. With this acquisition, Valicor supplements its wastewater treatment and solidification capabilities in the Midwest and, most importantly, allows Valicor to better serve its customers. We are pleased to continue to support the Valicor team as they strive to build a nationwide footprint and strengthen the Company’s leading wastewater treatment platform.”
About Valicor
Valicor is the largest provider of non-hazardous wastewater treatment services in North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment (“CWT”) facilities, the Company transports and processes a diverse set of wastewater streams that result from the manufacture of industrial and consumer goods. The Company’s mission-critical services allow customers to meet federal, state, and local regulations by safely and responsibly disposing of oily water, leachate, soaps, line flush waste, and similar waste streams and it also provides a diverse set of landfill solidification, product destruction, and retail oil services. As an ISO 14001 certified organization, Valicor takes great pride in its environmental compliance process. For more information, visit valicor.com.
About EnviroSolids, LLC
EnviroSolids, LLC is one of largest non-municipal, fully integrated U.S. EPA CERCLA approved liquid and solid waste processing and recycling facilities in the United States. With more than 100 years of combined experience in the industry, EnviroSolids and affiliated companies apply multiple specialized treatment disciplines allowing them to process many of the most challenging waste streams. The company services many industries, including automotive manufacturers and suppliers, chemical manufacturers, landfills, utilities, steel mills, regional and national environmental brokers, Total Waste Managers as well as federal, state and local governments.
One of the company’s most recent technological advances is an integrated system to process waste streams contaminated with PFOS and PFOA. The EnviroSolids systems reduce the presence of these compounds from ongoing waste streams, resulting in cleaner drinking water. For more information, visit esgrouponline.com.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur-and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.
Media:
Dan Scorpio, Abernathy MacGregor
312-640-3111
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NEW YORK--(BUSINESS WIRE)--#Helbiz--Helbiz Inc. (“Helbiz”) (NASDAQ: HLBZ), a leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq, today announced that management will participate in the Benzinga Electric Vehicles Conference. The conference will be held virtually on Wednesday, September 22, 2021, with a fireside chat available to the public scheduled for 1:15 p.m. Eastern Time as well as a one-on-one meeting format for institutional investors.
The fireside chat will be webcast live from the Investors section of Helbiz’s website at https://investors.helbiz.com. A replay of the webcast will be archived and available from the Investors section of Helbiz's website after the live stream.
Management will be available for one-on-one meetings with institutional investors at the conference. Portfolio managers and analysts who wish to request a meeting should contact their institutional sales representative at Benzinga.
About Helbiz
Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Helbiz
For investor and media inquiries, contact: https://www.helbiz.com/pressroom
Global Head of Communications: +1 (917) 675-7157
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USA
The Blueshirt Group
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Agent of Change
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Leading Northeastern residential and commercial solar installation company to jump start iSun’s East Coast Residential Strategy
BURLINGTON, Vt.--(BUSINESS WIRE)--$isun #cleanenergy--iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, released today an edited transcript from its investor call to discuss the details of its acquisition of SolarCommunities Inc (“SunCommon”).
Highlights
Transaction Conference Call Details
An edited transcript of the conference call, recorded on Thursday, September 9, 2021, at 8:30 AM EDT is available on the Investor Relations section of the iSun website at investors.isunenergy.com, under the Events Calendar. An archived audio replay will also be available through September 23rd, 2021, at 877-481-4010, Conference ID# 42785.
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
IR Contact:
Tyler Barnes
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802-289-8141
Kaizen Clean Energy Partners with Element 1 Corp to Deploy Hydrogen Generators / Fuel Cell Powered Solutions for Electric Vehicle Charging & Hydrogen Distribution
HOUSTON--(BUSINESS WIRE)--#carbonintensity--Kaizen Clean Energy (“KCE”), a leading developer of distributed hydrogen generation, announced today it has licensed proprietary L-Series hydrogen generator technology from Element 1 Corp (“e1®”). Under the terms of the license agreement, KCE has been granted rights to manufacture and deploy L-Series hydrogen generators for distributed Battery Electric Vehicle (EV) charging, hydrogen production for hydrogen Fuel Cell Electric Vehicles (FCEVs), and standby power generation in the United States.
With proven growth in the EV sector and growing interest in hydrogen fuel cell power solutions, KCE has helped align e1’s® Hydrogen Generators to support multiple markets from a single modular solution. Robert Meaney, Co-CEO & Chief Technology Officer, said, “Unfortunately, grid demand charges, un-reliable energy supply, and lengthy electric grid expansions are stalling billions of dollars in investments for wider adoption of EV charging. Our partnership with e1® provides companies an immediate opportunity to scale, control, and decentralize their EV charging and generate revenue from hydrogen production and power generation when there are no vehicles to charge.”
Dr. David Edlund, e1® CEO, said, “e1® is delighted and privileged to be collaborating with KCE and their strategy to displace aging energy solutions. Our hydrogen generation technology being licensed to KCE is supported by dozens of patents. Just like when phones became separated from the cord, KCE’s hydrogen generator power solutions will provide a similarly disruptive approach to EV charging and separate EV fleet owners from the grid. I anticipate our relationship with KCE to continue expanding to lower the cost of EV charging and hydrogen.”
The e1® hydrogen generators produce hydrogen from methanol and deliver on-demand hydrogen at the point of use, eliminating the need to transport compressed hydrogen gas. This significantly reduces the cost of using hydrogen as an energy product. In addition, this process can be carbon-neutral, and in some cases carbon-negative, when methanol is produced from renewable feedstocks such as captured carbon dioxide or municipal solid waste. KCE is currently developing projects with e1’s® technology for municipalities, drayage fueling, fleet vehicle EV charging, hydrogen distribution, and hydrogen refueling stations with EV fast charging.
About Kaizen Clean Energy:
Founded in 2021, KCE is a future fuels-focused company, headquartered in Houston, TX, specializing in the design, development, and manufacture of hydrogen generators for decentralized power in transportation, power, agricultural, EV charging, municipalities, and hydrogen markets.
For more information about Kaizen Clean Energy, please visit www.kaizencleanenergy.com.
About Element 1 Corp:
e1® designs and develops advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications such as marine, trucking, off-road vehicles, rail, warehousing, and backup power supply sectors. e1’s® proprietary technology produces hydrogen on-demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen. For more information about e1®, please visit www.e1na.com.
KCE Media Contact:
Eric Smith
Managing Director
Kaizen Clean Energy
Phone: +1.346.337.7788
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e1 Media Contact:
Robert Schluter
CBDO
Element 1 Corp
Phone: +1.541.678.5943
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Well Management Company Deploys Blockchain-Backed Smart Contract Network, GumboNet, to Deliver Trust and Transparency Between Counterparties
STAVANGER, Norway & HOUSTON--(BUSINESS WIRE)--#blockchain--Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that Well Expertise, the well management company providing plug and abandonment (P&A), exploration, appraisal and development planning, in addition to operational support, software, environmental and other sustainable resources, has adopted GumboNet™. As the first well management company to globally deploy smart contracts across its well portfolio for frame agreements and well contracts with Wellesley Petroleum, Well Expertise will leverage GumboNet to improve workflow processes, automate invoicing and payments between the two parties, and aid in real-time operational cost control.
“Well Expertise selected GumboNet because of the network’s ability to monitor operations, consumptions and spend,” said Morten Laget, Business Development Manager, Well Expertise. “We are showing our commitment to stepping into the digital future by leveraging blockchain-backed smart contracts to improve and automate manual processes and unlock carbon footprint data to help achieve our sustainability goals. Smart contracts deliver the trust and transparency necessary to realize true value by streamlining operations, and making more informed strategic decisions with counterparties.”
Longstanding invoicing and billing challenges exacerbate counterparty friction and lead to outstanding days sales outstanding (DSO). On average, DSOs in Europe hover around 35 days with other locations upward of 200. A lack of supply chain transparency and payment processes based on estimates and accruals instead of exact, real-time data further exacerbates invoicing and payment issues.
“Wellesley Petroleum is pleased to utilize smart contracts to digitize and improve our business model,” said Callum Smyth, Operations Manager, Wellesley Petroleum. “With Well Expertise leading the innovation charge, we are excited to leverage GumboNet to capture value and deliver efficiencies to both parties.”
With GumboNet, smart contracts offer a better approach to commercial relationships — one that streamlines operations and decreases informational and transactional friction. By providing a single immutable record of truth, GumboNet synchronizes data across parties for complete transparency to free up working capital, reduce contract leakage, enable real-time cash and financial management and capture provenance.
“GumboNet has been adopted by large global companies, but also by smaller operators and their suppliers to realize savings and transparency in their value chain,” said Ove Sandve, Norway Country Manager, Data Gumbo. “We are excited about this opportunity to leverage blockchain and add value for Well Expertise and Wellesley Petroleum as they undertake next steps on their smart contract journey.”
About Well Expertise
Well Expertise is headquartered in Randaberg, Norway. Well Expertise is a one-stop shop Well Management company and can tailor-make project specific deliverables for all disciplines for your next Exploration, Appraisal, Development or Decom Project. Well Expertise specialists are involved in several different fields with Drilling, QHSE Services, Marine, Logistics, Software, Contracts and Consultancy Services. For more information, visit https://wellexpertise.com.
About Data Gumbo
Data Gumbo is a Houston-headquartered technology company that provides GumboNet™ — a massively interconnected industrial smart contract network secured and powered by blockchain. With integrated real-time capabilities that automate and execute smart contracts, GumboNet reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Data Gumbo also provides GumboNet™ ESG, the automated and accurate sustainability measurement solution that ties a company’s operational data to environmental, social and governance (ESG) standards reporting for industrial supply chains.
To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and with L37, a hybrid venture capital and private equity company. With offices in Stavanger, Norway, and London, UK, the growing company was recognized as the Disruptive Innovator in the Forbes Energy Awards 2020 and named to CB Insights Blockchain 50, among other awards last year. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter and Facebook.
Gina Manassero
Data Gumbo
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FRIEDBERG, Germany--(BUSINESS WIRE)--GE (NYSE: GE), Fraunhofer IGCV and voxeljet AG (NASDAQ: VJET) today announced a research partnership to develop the world’s largest 3D printer for offshore wind applications in order to streamline the production of key components of GE’s Haliade-X offshore wind turbine. The Advance Casting Cell (ACC) 3D printer under development will benefit from financial support from the German Federal Ministry for Economic Affairs and Energy and will be capable of printing molds to cast components for the nacelle2 of the GE Haliade-X that can each weigh more than 60 metric tons, reducing the time it takes to produce this pattern and mold from ten weeks or more to just two weeks. In addition, the use of the 3D printer is expected to reduce the product’s carbon footprint by eliminating the need to transport the large parts from a central manufacturing location. The partners expect to launch the project during the third quarter of 2021 with initial printer trials starting during the first quarter of 2022.
The project involves the development of a new, large format 3D printer capable of producing sand molds for casting the highly complex metal parts of different shapes and sizes that make up an offshore wind turbine nacelle. The modular 3D printing process, which is based on voxeljet’s core “Binder-Jetting” technology, can be configured to print molds for castings up to 9.5 meters in diameter and 60-plus tons in weight, dimensions.
Juan Pablo Cilia, Senior Additive Design Engineer at GE Renewable Energy, said, “The 3D printed molds will bring many benefits including improved casting quality through improved surface finish, part accuracy and consistency. Furthermore, sand binder jet molds or additive molds provide cost savings by reducing machining time and other material costs due to optimized design. This unprecedented production technology will be a game changer for production efficiency allowing localized manufacturing in high cost countries, a key benefit for our customers looking to maximize the local economic development benefits of offshore wind.”
The Fraunhofer Institute for Casting, Composite and Processing Technology IGCV is responsible for casting and materials technology issues as well as digital process monitoring. “We are taking a close look at thermal management during casting, and we will evaluate the ideal proportions of the printing materials,” said Dr. Daniel Günther, Head of Department Molding Processes and Molding Materials at Fraunhofer IGCV. “Also, we will develop and test new approaches to process monitoring as part of the project.” Based on prior experience the team expects to significantly improve the environmental footprint of processes involved in producing the Haliade-X type wind turbines. This sustainability aspect is a firmly established guiding principle of research at Fraunhofer-Gesellschaft, according to the institute’s director, Prof. Dr. Wolfram Volk, who adds: “We aim to optimize the mold printing to avoid extremely costly misprints or even miscasts, to save on binder and activator, and to improve mechanical and thermal behavior during casting. By developing a process that conserves resources as much as possible, we want to help to improve the environmental and cost balance in the manufacture of wind turbines.”
Christian Traeger, Director of Marketing and Sales at voxeljet, said, “The test mold we printed for GE in 2019 consisted of dozens of individual parts. With the ACC, we aim to print a significantly reduced number of parts for the full set. Added to that, the mold can be optimized in terms of functionality and material consumption. This optimization makes completely new casting designs possible that can further enhance the efficiency of the turbines.”
“While offsite on-demand 3D printing provides many benefits for small quantities of cast parts, running a 3D printing system on-site leverages the technology to its fullest capacity. Given the demand for offshore wind turbines, that will help a lot to fulfill project schedules and high market demands,” adds Dr. Ingo Ederer, CEO at voxeljet. “With our productive Binder-Jetting technology in combination with our experience in large format industrial 3D printing, we are serving customers in the foundry industry for over 20 years. It is our mission to bring 3D printing into true industrial manufacturing and we are therefore very excited to be part of this groundbreaking project.”
The International Energy Agency3 has projected that global offshore wind capacity will increase 15-fold by 2040, becoming a 1 trillion dollar industry, thanks to falling costs, supportive government policies and technological progress like that behind the Haliade-X offshore turbine from GE Renewable Energy. GE Renewable Energy has been selected to supply its Haliade-X turbine for 5.7 GWs worth of projects in Europe and the US. The company is a member of the Offshore Wind Industry Council (OWIC) and as part of that supports various initiatives that aim at increasing the production of sustainable wind energy.
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About GE Renewable Energy
GE Renewable Energy is a $16 billion business that combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable, and sustainable green electrons.
Follow us at www.ge.com/renewableenergy, on www.linkedin.com/company/gerenewableenergy, or on www.twitter.com/GErenewables
About Fraunhofer Institute for Casting, Composite and Processing Technology IGCV
Fraunhofer IGCV stands for application-driven research with focus on efficient engineering, networked production, and smart multi-material solutions. The institute drives innovation on the level of manufacturing processes and material sciences, machines and process chains as well as factory and enterprise networks. One major focus is on the future scenarios and topics of the casting industry. Our core competences in this area include indirect additive manufacturing, molding materials, casting materials, process development, analytics, and simulation.
In an effort to transfer knowledge from research and development into industrial applications, our almost 120 scientists generate individual solutions for the German industry. Our unique selling proposition lies in interdisciplinary solutions in the fields of casting, composite and processing technology. As part of the Fraunhofer Group for Production – an association of production technology institutes – we support our partners with short-term, mid-term, and long-term research projects. Thus, we contribute to ensuring a sustainable competitive edge in Germany and Europe.
Visit our website www.igcv.fraunhofer.de/en, and follow us on social media: Twitter, Instagram, Xing, LinkedIn und YouTube
About voxeljet
voxeljet’ s (NASDAQ: VJET) roots reach back to the year 1995 with the first successful dosing of UV-resins. In the context of a "hidden" project, initial 3D-printing tests are performed at the Technical University Munich. Our company was founded on May 5, 1999 as a spin-off from TUM in Munich with a clear vision in mind: to establish a new manufacturing standard by developing new generative processes for the series-production of complex components using 3D printing. In the beginning, operations are launched with four employees at the TUM. Today, we are a globally acting, leading provider of high-speed, large-format 3D printers and on-demand 3D printed parts to industrial and commercial customers. Components manufactured with the help of our technology are flying in space, make mobility more efficient and the production of new engineering solutions possible. Visit our website www.voxeljet.com, and follow us on Linkedin, or on Twitter.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements concerning our business, operations and financial performance. Any statements that are not of historical facts may be deemed forward-looking statements. You can identify these forward-looking statements by words such as ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ “projects” or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our results of operations, financial condition, business outlook, the potential timeline for development of and application of new technology and new materials and their impact on future business, the industry in which we operate and the trends that may affect the industry or us. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that forward-looking statements are not guarantees of future performance. All of our forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are in some cases beyond our control and that may cause our actual results to differ materially from our expectations, including those risks identified under the caption “Risk Factors” in voxeljet’s Annual Report on Form 20-F and in other reports voxeljet files with the U.S. Securities and Exchange Commission. Except as required by law, voxeljet undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.
Tim Brown
GE Renewable Energy
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Frederik von Saldern
voxeljet AG
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Elke Brown
Fraunhofer IGCV
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In Mobil 1 ‘Behind The Drive’ Campaign, Custom Shoes and One-on-One Experiences Are Just Some of Many Prizes To Reward Fans During Offseason
SPRING, Texas--(BUSINESS WIRE)--For the latest phase of the Mobil 1 Behind the Drive campaign, a unique offseason NBA content series and sweepstakes to reward fans with unique gifts and experiences, prominent sneaker artist Dan "Mache" Gamache created custom, hand-painted sneakers inspired by the Mobil 1™ brand. These extremely rare kicks are now available as Behind the Drive prizes.
In an exclusive video, NBA All-Stars and Mobil 1 partners Julius Randle and Karl-Anthony Towns unbox the custom sneakers, with Mache describing the making-of process and going behind the scenes on his design motivation. Full video is viewable here.
“We took a truly inspired approach to these custom shoes, channeling the Mobil 1 brand and its history,” said Mache. “There are many ties to Mobil 1 - from the Pegasus, to the silver paint scheme tying into the iconic Mobil 1 bottles, to the checkered flag pattern connecting to the brand’s racing heritage. We even mixed a single drop of Mobil 1 motor oil into the paint for each shoe, so every time someone wears them, they’ll be powered by Mobil 1. With only four pairs in existence, there’s honestly nothing like them out there.”
Earlier this offseason, Randle, Towns and the Mobil 1 brand announced a partnership for the Behind the Drive sweeps, featuring a content series, revolving weekly prizing and a grand prize bundle. Through this effort, fans have been given exclusive access to these stars, as the athletes reveal what fuels everything from their on-court philosophy to their coveted sneaker collections. Videos are available for viewing at this playlist, as well as shared across social channels for Mobil 1, Bleacher Report, the NBA, Towns and Randle.
“This offseason, getting the chance to show everybody what drives me on and off the court has been a really rewarding experience, and I’m excited to share even more before the season starts,” said Randle.
“I got a pair of custom kicks by Mache that are an amazing addition to my collection,” said Towns. “I know fans are not going to want to miss out on the chance to win such a limited edition shoe.”
Behind the Drive is the latest collaboration between the Mobil 1 brand and the NBA, a partnership that has provided unique experiences and engagement opportunities for basketball fans since 2016.
“With the Behind the Drive campaign, we wanted dig into what it means to be the Official Motor Oil of the NBA,” said Bryce Huschka, North America Consumer Marketing Manager for ExxonMobil. “Mobil 1 synthetic is this incredible but unseen ingredient driving the performance of your car, and that got us thinking about other unseen factors at play in the high-performance space of the NBA. In talking to KAT and Julius about their time in the league and basketball culture more broadly, they each showcase that connection in their own unique ways, and we are excited to bring fans a new dimension to their stories.”
There is more in store for Behind the Drive with updates and new prizes to be announced throughout the offseason. For the latest information and updates on the Behind the Drive sweepstakes, visit gobehindthedrive.com.
About Mobil 1
Mobil 1™ motor oil is the world's leading brand of synthetic motor oil. Our advanced technology allows Mobil 1 motor oils to meet or exceed some of the industry’s toughest standards and to provide exceptional protection under even extreme driving conditions. Mobil 1 motor oil is designed to help protect critical engine parts, maximize engine performance, and extend engine life. For more information, visit us online at www.mobil1.us or and follow @Mobil1 on Facebook, Instagram and Twitter.
Bobby Ceresia, Weber Shandwick, 314-552-6780
LONDON--(BUSINESS WIRE)--Solar Americas Capital is launching to bring upwards of 2GW of solar power in partnership with progressive corporations across Brazil by 2026. The company will co-fund, identify, build and manage the solar assets for commercial partners, drawing on over 25 years of experience working in the Brazilian, solar and finance markets. The company has successfully completed its first funding round, secured access to growth capital from private investors and is starting the construction of its first solar farm in Brazil. Solar Americas aims to raise £1 billion for investment in Brazilian solar energy by 2026.
In 2021 alone, Brazilian energy prices increased by over 50% and are expected to continue to rise considerably above inflation. Worldwide however, the costs for solar power generation continue to fall. Energy cost savings of up to 30% can be realised by companies in Brazil turning to solar power due to the abundance of solar irradiation coupled with the regulatory incentives to feed a growing demand. Brazil is the only geographically large country with GDP exceeding $1.5trillion dollars where utility-scale solar penetration is below 2% despite its exceptional climactic potential for this type of renewable energy. Total solar installations in Brazil have more than doubled since 2019, despite the pandemic. Solar Americas sees this rapid rate of expansion as continuing over the next 5 years and is looking forward to playing a key part in it.
Partnering with Solar Americas gives companies the ability to forecast their power expenditure for as long as they choose to own the asset. If a company is spending $200,000+ on power per year, being able to guarantee supply for 20 years in an otherwise highly volatile market enables significant competitive advantages. Solar Americas will also deliver Brazilian companies a rare opportunity for energy spend transparency as well as providing guarantees to shareholders and governance bodies as to the sustainability credentials of their energy source.
Luiz Silva, Co-Founder, CEO EMEA of Solar Americas said: “Improving on environmental credentials is no longer optional. Companies across the world are keen to explore ways that they can guarantee a reduction in their carbon footprint as well as fully optimising their operations with cost reductions. Building a solar farm is complex and requires experience and focus on the operation which many mid-size companies do not have in-house and is expensive to access. We have the knowledge and connections required to build a solar power installation and lift the burden from our partners.”
Solar Americas will form joint ventures with each company it works with to develop the co-funded solar asset together. The Solar Americas network will also provide an umbrella under which its clients can access a larger portfolio of asset sale options when they are ready to divest the asset, with an experienced team to structure and guide the deal.
Tiago Alves, Co-Founder, CEO Americas of Solar Americas also commented: “We are delivering a new partnership design with upside and transparency for Brazilian companies and investors while enabling them to monetise and develop a strategic asset for the future. This is a huge opportunity for both corporates in Brazil and investors to be part of a much bigger sell, without the risk of going it alone.”
The Company attracted investors active in a range of sectors and geographies:
“EVIPAR is a household name in the region with a long-standing reputation for responsible investments within the healthcare and real-estate sectors. The client-investor collaborative model of Solar Americas Capital attracted our attention, and we look forward to collaborating with its successful roll-out in Brazil”, said Francisco Eustacio Viera Filho, shareholder at EVIPAR and Board Advisor at Solar Americas.
Rebeca and Raphael da Fonte, who completes the roaster of Board Advisors at Solar Americas Capital, add “As a family, we have interests in technology and infrastructure operations spreading over 20 countries, including companies such as ATP, Motrice and Grupo Raymundo da Fonte. The complementarity of Solar Americas Capital with companies linked to our families and the experience behind the team constitutes a strength that we are happy to be part of”.
Ends
Olivia Hammond, Fire on the Hill
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PHILADELPHIA--(BUSINESS WIRE)--Doral Renewables LLC (Doral LLC), a developer and operator of clean energy generation assets, welcomes Evan Speece as Chief Financial Officer (CFO).
Evan has deep energy finance and transactional experience, having most recently served as VP of Finance & Head of Capital Markets at Clearway Energy, Inc. Over his 7 years at Clearway, Evan led or co-led over $20 billion of financing and M&A efforts, including work across various corporate, tax equity and project finance capital markets, and covering the solar, wind, natural gas, and district energy sectors. He also has significant expertise in tax, accounting, financial reporting, treasury and risk management within the renewable generation industry. Mr. Speece earned a BS in Finance and Accounting from Boston College and an MBA in Energy Finance from Duke University's Fuqua School of Business.
“Mr. Speece’s experience leading enterprise growth will help guide Doral Renewables LLC’s financial strategy. Doral LLC has several gigawatts of projects in its pipeline, representing billions of dollars in capital needs and potential long-term operating cash flow. Mr. Speece will guide financial execution of the project platform to the most competitive position in the market.” – Nick Cohen, President & CEO.
Mr. Speece will oversee all financial activities of the firm. In June, Doral Renewables LLC closed on a $355 million transaction with Migdal Insurance as an investor partner. In October, the first 400 MWac phase of the $1.5 billion dollar Mammoth Solar project will be celebrated with a ribbon cutting ceremony.
Doral Renewables LLC (Doral LLC)
The Company combines the advanced engineering, development and operating experience of Doral Group with a team of US-based renewable energy & battery storage project developers, leveraging extensive experience throughout the U.S. The Doral LLC management team has over 100 years in combined experience with transactional histories and deep relationships with infrastructure funds, investment banks, tax equity investors and energy industry experts.
Doral LLC has initiated over three gigawatts of renewables projects in the US, primarily in the Mid-Atlantic and Midwest regions, and continues to add utility scale projects to its portfolio every year.
Doral Group
Doral Group is a publicly traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue generating renewable energy assets. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 800MW(DC) + 1,500MW of storage facilities in Israel.
Media:
Maya Ziv-Wolf
Communications
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www.gegrenewables.com
KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Rightwaters™ joined forces with the Florida Agricultural and Mechanical University – Florida State University® College of Engineering (FAMU®-FSU® College of Engineering) to study and prove a land-based trash interceptor concept. The device will assist in cleaning debris out of waterways before trash can reach the ocean.
The Yamaha Rightwaters team designed and built a scale model of an interceptor concept in 2020, with plans to deploy the finished product in Brunswick, Ga. This fall, Will Hill, Strategic Initiatives Manager at the Resilient Infrastructure & Disaster Response (RIDER) Center at the college and Florida State University, will work in conjunction with faculty members Tarek Abichou and Sean Martin to spearhead a project constructing and proving the trash interceptor concept. If successful, the final product will be an economical, scalable and easily deployable device.
“The community of Brunswick, Ga., like many others nationwide, must consistently innovate to stay ahead of rising levels of pollution and waste,” said Hill. “Pollution and waste accumulating in inland waterways and marshes are threats that destabilize ecosystems and the local economies that depend on them. We are honored to have the opportunity to work with Yamaha Rightwaters in developing practical, effective solutions to one of the biggest challenges facing our waterways. We look forward to seeing the impact this device will have on plastic problems facing Georgia’s coast.”
Yamaha Rightwaters aims to deploy the interceptor device in December or early in Q1, 2022. From there, Yamaha Rightwaters seeks to expand the project to more waterways around the country.
“The trash interceptor pilot program is just the beginning of what we hope will become a much larger initiative,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “Working with the college, Yamaha Rightwaters hopes to engage a ‘student science’ approach to the trash interceptor while tapping into the enthusiasm this generation of students has displayed towards conservation and environmental issues.”
As part of those efforts, a group of undergraduate seniors at the FAMU-FSU College of Engineering will also develop a land-based trash interceptor device from their own designs and concepts for their engineering capstone project. The device they design must also be economical, scalable and easily deployable.
“The device our students are working on has a much broader scope, which brings its own challenges and opportunities,” said Shayne McConomy, faculty member and Capstone Design Coordinator, FAMU-FSU College of Engineering. “We’re asking them to design a trash interceptor that Yamaha Rightwaters can, in theory, deploy in waterways across the country. It takes a concentrated team effort to achieve sustainable solutions, and this is a cause our students are excited to work on.”
In 2020, Yamaha Rightwaters and Skeeter® Boats provided FSU’s Coastal and Marine Laboratory a Yamaha/Skeeter boat package to assist FSU’s Apalachicola Bay System Initiative (ABSI), which seeks to develop a management and restoration plan for the oyster reefs and overall health of the bay.
“Yamaha Rightwaters and Florida State University share a common goal of cleaner, healthier waterways,” continued O’Keefe. “Working together, we can help provide our children and grandchildren the same boating and fishing experiences we enjoy today.”
Yamaha Rightwaters™ is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement. FAMU is a registered trademark of Florida Agricultural and Mechanical University. FSU and Florida State University are registered trademarks of Florida State University.
Brad Massey
Manager, Corporate Communications and Video
Yamaha U.S. Marine Engine Systems
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Neal Wheaton
Wilder+Wheaton for
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Impact Venture Capital led funding round to fuel development of application-defined composable infrastructure market through accelerated sales and marketing efforts
Leader in Next-Generation Architecture for Artificial Intelligence and High-Performance Computing Expands Position and Democratization of Supercomputing
SAN DIEGO--(BUSINESS WIRE)--#Composability--GigaIO, the creator of next-generation data center rack-scale architecture for artificial intelligence (AI) and high-performance computing (HPC) solutions, today announced the completion of a Series B round of funding totaling $14.7 million. Impact Venture Capital led the funding round, which was oversubscribed by 50% and included participation from Mark IV Capital, Lagomaj Capital, SK Hynix, and Four Palms Ventures.
GigaIO has fundamentally changed the HPC and AI landscape by creating the world’s only enterprise-class, universal composable fabric―an open standards solution with limitless flexibility, cloudlike agility, and an added layer of security. This enables faster time to achieve results as workloads run as if they were using components inside one server but harness the power of many nodes, all communicating within one seamless universal fabric.
Through the new funding, GigaIO will aggressively expand its market and channel development by recruiting more partners and expanding channel programs. GigaIO will devote more resources to customer development and partner development programs – aimed at accelerating sales and marketing efforts.
GigaIO's Universal Composable Fabric, FabreXtm, orchestrates workloads by configuring any HPC and AI resource on the fly and integrating networking, storage, memory, and specialized accelerators into a single-system cluster fabric. By increasing the flexibility and agility of HPC and AI environments, GigaIO's solution significantly reduces costs through increased utilization and minimized server requirements, saving on cooling, power, and footprint. GigaIO is disrupting the HPC and AI space by democratizing access to expensive specialized resources such as accelerators by sharing them across users and workloads, and by making it simple to implement for IT managers.
“We have a tremendous technology and a development team with incredible expertise gained through years of working on some of the highest performing interconnects at companies such as Cray, Sun Microsystems, Cisco, Emulex, and QLogic,” said Alan Benjamin, President and CEO of GigaIO. “Today, by completing this funding round, we are better positioned to get the technology into the hands of more customers and channel partners and to increase traction among commercial and other customers.”
Benjamin continues, “Due to the pandemic, hardware testing has been difficult. Since the start of the year however, we’ve been able to get equipment into facilities and the results have been fantastic for us,” he said. “Our customers are thrilled with the results and impressed by what they can do with the technology, and to be blunt, they’re amazed that we’re getting results that the industry has been striving to achieve for more than a decade. With strong demand for a universal composable fabric, we’ve seen tremendous support from the investment community. The oversubscription provides a solid runway for future investments,” said Benjamin.
PCIe Gen 4, a high-speed serial computer expansion bus standard that moves data at high bandwidth and low latency between multiple components, is the technology computers, data centers, and the wireless industry rely on to enable the next generation of mobile and desktop applications. The same technology will also enable the efficient use of accelerators, including moving data out of storage and into accelerators more quickly. With PCIe Gen 5 and CXL, GigaIO will be able to extend to make use of pools of memory to create a shareable, commonplace composable element.
Jack Crawford, Founding General Partner at Impact Venture Capital, adds, " We are excited to lead this funding round, including a co-investment from SK Hynix, and believe that GigaIO’s game-changing technology and team will continue to revolutionize the way that organizations manage data." “We believe that the company is a catalyst for the next generation of data and storage performance and represents an ideal artificial intelligence startup that we seek to partner with and invest in."
“Our further investment in GigaIO is rooted in our confidence that the power of HPC and AI can solve critical challenges at every level," said Felix Williams, Founder and Managing Director of Lagomaj Capital. “The GigaIO team is working to enable the next generation of computational infrastructure, and we are proud to call them partners."
"We are thrilled to partner with Alan and the entire GigaIO team on their journey to establish a new model for data center infrastructure," said Michael Beaudoin, Director of Private Equities at Mark IV Capital. “By leveraging the power of a universal composable fabric, GigaIO is delivering a powerful solution, making HPC and AI more accessible to its customers.”
GigaIO was incorporated in 2012 by Joey Maitra, then employed elsewhere, but was mostly an idea on a napkin until Alan Benjamin joined the company in 2017 and raised the first seed round of investment, followed by a Series A round in 2018 led by Mark IV Capital. The first product line was launched in 2019, and the company is now taking on the democratizing of HPC and AI through its universal fabric interconnect, FabreXTM.
For more information about GigaIO, visit https://gigaio.com/.
About GigaIO
Headquartered in Carlsbad, California, GigaIO democratizes AI and HPC architectures by delivering the elasticity of the cloud at a fraction of the TCO (Total Cost of Ownership). With its universal dynamic infrastructure fabric, FabreX™, and its innovative open architecture using industry-standard PCI Express/soon CXL technology, GigaIO breaks the constraints of the server box, liberating resources to shorten time to results. Data centers can scale up or scale out the performance of their systems, enabling their existing investment to flex as workloads and business change over time. For more information, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.gigaio.com. Follow GigaIO on Twitter and LinkedIn.
Jill King
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760-487-8395
Element 1 Corp Partners with Kaizen Clean Energy to Deploy Hydrogen Generator / Fuel Cell Powered Solutions for an Electric Vehicle Charging Solution & Hydrogen Distribution
BEND, Ore.--(BUSINESS WIRE)--Element 1 Corp (“e1®”), a leading developer of hydrogen generation technology, today announced that it has licensed proprietary L-Series hydrogen generator technology to Kaizen Clean Energy (“KCE”), a leading developer of distributed hydrogen generation. Under the terms of the license agreement, KCE has been granted rights to manufacture and deploy L-Series hydrogen generators for distributed Battery Electric Vehicle (EV) charging, hydrogen production for hydrogen Fuel Cell Electric Vehicles (FCEVs), and standby power generation in the United States.
With proven growth in the EV sector and growing interest in hydrogen fuel cell power solutions, KCE has helped align e1’s Hydrogen Generators to support multiple markets from a single modular solution. Robert Meaney, Co-CEO & Chief Technology Officer, said, “Unfortunately, grid demand charges, unreliable energy supply, and lengthy electric grid expansions are stalling billions of dollars in investments for wider adoption of EV charging. Our partnership with e1 provides companies an immediate opportunity to scale, control, and decentralize their EV charging and generate revenue from hydrogen production and power generation when there are no vehicles to charge.”
Dr. David Edlund, e1 CEO, said, “e1 is delighted and privileged to be collaborating with KCE and their strategy to displace aging energy solutions. Our hydrogen generation technology being licensed to KCE is supported by dozens of patents. Just like when phones became separated from the cord, KCE’s hydrogen generator power solutions will provide a similarly disruptive approach to EV charging and separate EV fleet owners from the grid. I anticipate our relationship with KCE to continue expanding to lower the cost of EV charging and hydrogen.”
The e1 hydrogen generators produce hydrogen from methanol and deliver on-demand hydrogen at the point of use, eliminating the need to transport compressed hydrogen gas. This significantly reduces the cost of using hydrogen as an energy product. In addition, this process can be carbon-neutral, and in some cases carbon-negative, when methanol is produced from renewable feedstocks such as captured carbon dioxide or municipal solid waste. KCE is currently developing projects with e1’s® technology for municipalities, drayage fueling, fleet vehicle EV charging, hydrogen distribution, and hydrogen refueling stations with EV fast charging.
About Kaizen Clean Energy:
Founded in 2021, KCE is a future fuels-focused company, headquartered in Houston, TX, specializing in the design, development, and manufacture of hydrogen generators for decentralized power in transportation, power, agricultural, EV charging, municipalities, and hydrogen markets. For more information about Kaizen Clean Energy, please visit www.kaizencleanenergy.com.
About Element 1 Corp:
e1 designs and develops advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications such as marine, trucking, off-road vehicles, rail, warehousing, and backup power supply sectors. e1’s proprietary technology produces hydrogen on-demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen. For more information about e1, please visit www.e1na.com.
KCE Media Contact:
Eric Smith
Managing Director
Kaizen Clean Energy
Phone: +1.346.337.7788
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
e1 Media Contact:
Robert Schluter
CBDO
Element 1 Corp
Phone: +1.541.678.5943
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Singleton Schreiber McKenzie & Scott Representing Victims Of Second-Largest Wildfire in California History
SAN FRANCISCO--(BUSINESS WIRE)--#Dixie--Leading fire litigation firm Singleton Schreiber McKenzie & Scott has filed two lawsuits on behalf of nearly 200 plaintiffs alleging PG&E caused the Dixie Fire, a massive disaster that has quickly become the second-largest wildfire in California history.
The complaints allege that the Dixie Fire was sparked on July 13, 2021 following several blown fuses and PG&E equipment malfunctions off Highway 70 in Northern California, in Feather River Canyon. A power outage in the area was reported by PG&E’s outage system at 7 a.m. that day, but a PG&E troubleman did not arrive to the scene until after 4 p.m. In the complaint, SSMS attorney Gerald Singleton says PG&E has admitted its equipment malfunctions may have started the Dixie Fire, and subsequently the company announced a $15 billion plan to underground 10,000 miles of power lines to reduce wildfire risk in California.
The plaintiffs in the case filed today say they believe the Dixie Fire was caused by a Douglas Fir tree leaning into PG&E’s high voltage distribution line, which the blown fuses were designed to protect. They allege that the fire happened because PG&E’s infrastructure was constructed to pass electricity through exposed power lines in vegetated areas, and because the company negligently failed to maintain and operate its electrical equipment and keep appropriate clearance between that equipment and the surrounding vegetation.
The filing follows a federal court hearing on September 13 in San Francisco in which U.S. District Judge William Alsup, who is overseeing PG&E’s criminal probation, questioned the PG&E troubleman who responded to the initial outage call. In the hearing, Judge Alsup asked the technician why he didn’t shut off power to the line while investigating the outage. Judge Alsup also told PG&E attorneys that the company “is a convicted felon that poses a safety hazard to the state of California.”
“It’s clear that PG&E started this fire. The best thing they can do is to acknowledge that fact and make the survivors whole,” SSMS attorney Gerald Singleton, who is spearheading the litigation, said. “We’re committed to helping our clients get the resources they need to rebuild their homes and their lives, and we look forward to advancing these cases and serving as their advocate in court.”
The complaint includes causes of action for inverse condemnation, trespass, nuisance, negligence, and violations of Health and Safety Code section 13007 and Public Utilities Code section 2106. The plaintiffs in the case are homeowners, renters, and business owners. The case is not a class action; instead, the plaintiffs have elected to join their individual lawsuits in a single action.
The relief sought includes damages for repair, depreciation and replacement costs for real and property, loss of use, lost wages, medical expenses, evacuation expenses, among other general damages, as well as punitive damages and attorneys’ fees.
The plaintiffs are represented by Gerald Singleton, J. Ross Peabody, and Tommy Vu of Singleton Schreiber McKenzie & Scott. With more than 100 employees and offices throughout California, Singleton and his team have represented more than 10,000 victims of utility fires and has recovered approximately $1 billion in settlements and verdicts for its clients. The firm currently represents thousands of victims of the 2020 Mountain View and Zogg Fires, the 2019 Kincade Fire, the 2018 Woolsey and Camp Fires, the 2017 Thomas and North Bay Fires, and the 2015 Butte Fire.
The SSMS team hosts weekly virtual town halls for individuals affected by wildfires and will hold a virtual event for those affected by the Dixie Fire on September 14 at 5:30 p.m. Pacific. For more information and to register, please visit SSMSJustice.com.
Fassbinder, et al. v. PG&E – Shasta Sup Court No. 198186
Holly Amaya
(619) 573-7224
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HANOVER, Md.--(BUSINESS WIRE)--Dragos, Inc., a provider of cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, and the Oil and Natural Gas Information Sharing and Analysis Center (ONG-ISAC), have announced a joint initiative to strengthen security and community-wide visibility for industrial cybersecurity in the North American oil and natural gas industry.
Dragos’s Neighborhood Keeper will be used by the ONG-ISAC, enabling ONG-ISAC’s analysts to gain greater visibility into industrial control system (ICS) cyber threats facing the oil and natural gas sector. Originally developed with the support of an award from the U.S. Department of Energy, Neighborhood Keeper is a free, opt-in, anonymized information-sharing network available to all Dragos Platform customers.
The ONG-ISAC analysts will have access to anonymous and aggregated information about threat analytics and Indicators of Compromise (IOC) as they are detected by the Dragos Platform and shared with Neighborhood Keeper. Insights and trends gleaned from this information will be shared more broadly with all ONG-ISAC members. At the same time, Dragos customers in the oil and natural gas sector will benefit from access to a larger pool of ONG-ISAC cybersecurity expert analysis providing feedback on threats and vulnerabilities. In the future, ONG-ISAC analysts and asset operators will be able to anonymously connect and share relevant threat intelligence that has been enhanced with ONG-ISAC’s own insights.
“Achieving strong industrial cybersecurity in the oil and natural gas industry is attainable through a collaborative, community effort,” said Robert M. Lee, Chief Executive Officer and Co-Founder, Dragos, Inc. “The infrastructure of the oil and natural gas industry is becoming more interconnected every day and state and criminal actors are evolving their capabilities to take advantage of those connections. This new capability for the ONG-ISAC helps the oil and natural gas community operate collectively to make sure an attack on one member can be seen and shared by all. Working together, the community is made stronger than what any single company or organization can achieve on their own.”
Cyber threats targeting ICS/OT networks continue to increase in frequency and sophistication, but data collection and analysis is extremely limited for industrial defenders. Because adversaries can move through ICS/OT networks undetected they are able to continually train and prepare for the next cyber attack. Neighborhood Keeper is a fundamentally new approach to information sharing that drastically diminishes risk to organizations by reducing the sensitivities around sharing and performing this task at machine-speed.
“The ONG-ISAC is a member-driven organization that furthers trust among security teams from private companies through a common mission. It supports these companies as well as partners in government and the security industry to ensure high-level preparedness, response and recovery capabilities. Our members look to us for accurate and timely indications and warnings of adversarial attacks on our networks and the overall threat landscape,” said Angela Haun, Executive Director, ONG-ISAC. “The collaboration with Dragos on programs like Neighborhood Keeper will provide our members with real-time situational awareness through rapid-fire sharing of cyber threat intelligence that facilitates enhanced response to threats in our industry.”
About ONG-ISAC
The ONG-ISAC serves as a central point of coordination and communication to aid in the protection of exploration and production, transportation, refining, and delivery systems of the ONG industry, through the analysis and sharing of trusted and timely cyber threat information, including vulnerability and threat activity specific to ICS and SCADA systems.
About Dragos, Inc.
Dragos has a global mission: to safeguard civilization from those trying to disrupt the industrial infrastructure we depend on every day. The practitioners who founded Dragos were drawn to this mission through decades of government and private sector experience.
Dragos codifies the knowledge of our cybersecurity experts into an integrated software platform that provides customers critical visibility into ICS and OT networks so that threats are identified and can be addressed before they become significant events. Our solutions protect organizations across a range of industries, including power and water utilities, energy, and manufacturing, and are optimized for emerging applications like the Industrial Internet of Things (IIOT).
Dragos is privately held and headquartered in the Washington, DC area with regional presence around the world, including Canada, Australia, New Zealand, Europe, and the Middle East.
Kesselring Communications for Dragos
Leslie Kesselring, 503-358-1012
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PG&E Teams Up with Placer Hills Fire Department for Simulation Drill—Part of National Preparedness Month Public Education Efforts
SAN FRANCISCO--(BUSINESS WIRE)--Are you ready for the next emergency?
As part of its public education efforts during National Preparedness Month in September, Pacific Gas and Electric Company (PG&E) teamed up with the Placer Hills Fire Department to put one local family to the test.
In a video released today on PG&E’s Safety Action Center website, the Sierra foothills family is put through a simulated wildfire evacuation to demonstrate how being prepared can help bring calm to the chaos.
“You think you’re ready, but are you? It’s scary,” said Michelle Childers of Foresthill, who participated in the disaster readiness drill with her husband Justin and their two children.
PG&E is urging all of the customers and communities it serves to assess how prepared your family, home and community are for a natural disaster or other emergency, and to take action to be ready.
In addition to the new video, PG&E’s Safety Action Center puts valuable resources at your fingertips. You can:
‘This Was Eye-Opening’
For the Childers family, firefighters gave them just 10 minutes to get what they would need, as is often the case in a real evacuation, and leave their home.
“My first instinct was birth certificates, passports, IDs, keys, wallets, because those are the things we’re going to need immediately (if evacuated) to get a hotel, to rebuild. My second initial response was mementos, pictures,” said Justin.
“I’ve never experienced this, I know what I was thinking, but I paused,” said an emotional Michelle, describing the first seconds after the knock at the door. “I got a couple of changes of clothes for each of us, got some snacks that I know the kids would eat, and some mementos.”
While the family did not have go-bags ready during the drill, they grabbed essentials: important documents, changes of clothes and some food.
“I thought they did a really good job,” said Battalion Chief Matt Slusher with the Placer Hills Fire Department. “They worked well together. But what if one of you was not home at the time of an evacuation. What would you prioritize? For example the kids, if you had to be away for 72 hours, their homework, the things that are important to them because their lives are going to be turned upside down, how do you maintain a level of normalcy.”
“I was motionless,” said Michelle, who is an elementary school teacher. “You need to have a go-bag, container with food and water for 72 hours. This was eye-opening.”
“We really appreciate the Childers family and the Placer Hills Fire Department participating in this life-like emergency drill. It’s a great reminder for all of us to plan what we would do in any kind of natural disaster or other emergency, and also to practice how we would respond. It’s muscle memory. You have to practice it to perfect it,” said Joe Wilson, PG&E’s Vice President, North Valley & Sierra Region.
How Customers Can Prepare
Here are some simple guidelines to prepare for an emergency.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.
MEDIA RELATIONS:
415-973-5930
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