NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (the “Company”) (NYSE:FTI) (PARIS:FTI) announced today the sale of 17.6 million Technip Energies N.V. shares (the “Shares”) through a private sale transaction (the “Sale”) with HAL Investments, the Dutch investment subsidiary of HAL Holding, N.V (“HAL”). The sale price of the Shares in the Sale is set at €11.15 per Share, yielding total gross proceeds of €196.2 million. HAL has agreed to a lock-up of 180 days for its shares in Technip Energies.
Upon completion of the Sale, representing approximately 9.9% of Technip Energies’ issued and outstanding share capital (the “Share Capital”), TechnipFMC retains a direct stake of approximately 12.3% of Technip Energies’ Share Capital.
The Sale was conducted without a public offering in any country.
Settlement for the Sale will take place in two tranches. HAL will first acquire 8.6 million Shares from TechnipFMC, with settlement expected to take place in the coming days. Settlement for the remaining 9 million Shares is subject to HAL obtaining customary regulatory approvals and is expected early in the fourth quarter of 2021.
TechnipFMC is subject to a 60-day lock-up for its remaining shares in Technip Energies that expires on October 2, 2021, subject to waiver from the Joint Global Coordinators involved in the previous private placement and certain other customary exceptions. The Joint Global Coordinators granted a waiver solely for the purpose of the Sale. The 60-day lock-up for TechnipFMC remains in effect in all other respects.
Important Notices
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Important Information
This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
TIVAT, Montenegro--(BUSINESS WIRE)--New Economy Observer (NEO) today announces the full launch of its digital media platform covering the present and future of sustainability and investment, bringing fresh stories and perspectives from contributors around the globe to illuminate the issues shaping tomorrow’s world amid the transition to a sustainable, low-carbon economy.
Led by long-time Bloomberg reporter and energy specialist Stephen Bierman, NEO serves an audience of retail and institutional investors, financial institutions and corporates as well as general public readers looking for fresh news and sharp analysis on sustainable business and investing.
NEO’s energy section focuses on major petroleum producers in transition, the growth of investment in alternative energy sources such as wind and solar, as well as hydrogen and other new “clean commodities”. Other cornerstone themes include investor shifts to ESG assets, sustainable lending, breakthrough tech in consumer industries, and even the exploration of outer space, plus an opinion section that welcomes guest contributions. NEO also has a focus on the growth markets shaping the future of the global economy – such as China, Russia and India – as the so-called “emerging market” category is replaced by greater integration and a global context.
Editor Stephen Bierman brings two decades of experience from Bloomberg News and other publications, with a particular focus on energy. He is supported by a group of contributors including seasoned and aspiring journalists and researchers from around the world.
NEO launched in beta in early 2020 amid the outbreak of the coronavirus pandemic as a digital publication covering investments in the energy transition, the rollout of “green” technologies across industries, and trends in the global pivot to sustainability.
The publication is accredited with Google News and Factiva and also has a content-sharing agreement with BNE Intellinews, a business publication focusing on compelling investment stories from markets across Eurasia, MENA and Africa.
NEO can be found online here and on Twitter, Facebook and Medium
Stephen Bierman
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, announced today that it has further extended its market penetration with the installation of new charging stations at AMC Theatres in Georgia. The exact address of these charging stations is 825 Lawrenceville-Suwanee Rd, Lawrenceville, Georgia 30043.
Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building open-network charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.
The new charging stations at AMC Theatres further Volta’s mission to build convenient, simple and delightful charging infrastructure that is seamlessly incorporated into a driver’s everyday experience.
About Volta
Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
Goodman Media International, Inc.
Sabrina Strauss
This email address is being protected from spambots. You need JavaScript enabled to view it.
INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is pleased to announce it has significantly expanded the electrification testing capabilities at its Vehicle Environmental Test Center, which will be rebranded as the Vehicle Electrification and Environmental Test Center (VE+ET).
The branding has evolved to better represent the extensive capabilities of the facility, as well as the manner in which Allison engineers, external partners and clients are leveraging the facility. Located on the campus of Allison Transmission’s global headquarters in Indianapolis, the Vehicle Electrification and Environmental Test Center is the only one of its kind in the Midwest, offering a truly unique set of capabilities. The state-of-the-art facility offers a wide range of repeatable, reliable and seasonally- independent vehicle electrification testing.
“Recognizing the value of this unique resource, and considering Allison’s extensive knowledge of battery management and system level integration, Allison engineers, along with our OEM partners are leveraging the Vehicle Electrification and Environmental Test Center to facilitate electric vehicle development and validation programs,” said Branden Harbin, Executive Director of Global Marketing at Allison Transmission. “These engagements are an opportunity to support the continued development of fully electric propulsion solutions, as well as deepen and develop partnerships with established OEMs and new entrants.”
Opened in 2020, the 60,000-square-foot VE+ET Center houses a hot soak chamber, a cold soak chamber, and two chassis dyne-equipped environmental chambers capable of simulating a broad range of duty cycles. Environmental conditions from negative 54 degrees to positive 125 degrees Fahrenheit, altitudes up to 18,000 feet, as well as grades and other on-road conditions can be simulated within the facility. A recently added thermal feature simulates solar radiant heat to support HVAC testing.
The two testing chambers can accommodate most commercial on-highway, off-highway, and wheeled defense vehicle applications, in addition to automotive passenger vehicles. Testing is applicable for a wide-range of propulsion systems, including conventional powertrains, alternative fuel, electric hybrid, fully electric and hydrogen fuel cell vehicles.
As the demand increases to test and validate larger battery electric vehicles, Allison extended the test center’s Battery Emulation capability to accommodate above 500 kilowatts with a maximum of 900 volts DC. This allows for around the clock testing without the need to stop and recharge, resulting in more testing completed in a shorter timeframe. Battery emulators are ideal for battery replacement during test, modified state of charge, and/or any additional DC load on vehicles. In addition, the Vehicle Electrification and Environmental Test Center offers commercial fast charging capabilities at 150 kilowatts, furthering development in preparation for tomorrow’s fleets.
“Allison was proud to announce the expansion and rebrand of the Vehicle Electrification + Environmental Test Center for the first time at the Advanced Clean Transportation Expo,” said David Proctor, General Manager, Allison Vehicle Electrification + Environmental Test Center. “The services available at the facility allow OEMs to push their development dollars further while reducing design and discovery time, simplifying the process to help them get to market faster.”
For more information on the VE+ET Center, please visit allisontransmission.com/VEET.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Claire Gregory
Director, Global External Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
(317) 694-2065
New battery and energy management system helps operators save money and improve resilience
TORRANCE, Calif.--(BUSINESS WIRE)--As the U.S. Congress prepares to pass an infrastructure bill allocating $7.5 billion to electric vehicle (EV) charging, Tritium and Electric Era are partnering to deploy an energy storage system with direct current (DC) fast charging technology to provide an innovative way to deploy resilient charging infrastructure. Tritium has provided their RT175-S charger for integration with Electric Era’s PowerNode™ high-power stationary energy storage system to help site owners and operators achieve greater cost savings, more site resilience and accelerated build timelines.
“We are excited to work with Tritium because we believe equipping fast chargers with the best storage technologies will speed up the deployment of charging infrastructure, accelerate electric vehicle adoption, and ultimately reduce emissions,” said Quincy Lee, CEO of Electric Era. “Through our system we hope to incentivize more businesses to deploy electric vehicle chargers on their lots to help build a more robust infrastructure network.”
The Electric Era system prioritizes the use of stored energy within its battery management system to charge EVs, instead of defaulting to electricity solely from the grid. The system’s management platform uses a proprietary algorithm to monitor charging demand against the cost of grid and battery-stored energy, providing site owners and operators the opportunity to reduce power by 50 percent and operating costs by up to 30 percent through cost effective power delivery to EVs and a greater opportunity to leverage demand response events and peak shaving.
“By integrating Tritium DC charging solutions with innovations like Electric Era’s battery and management system, we can help increase uptime and help charging site owners increase their return on investment with higher energy output and lightning fast charging times,” said Mike Calise, President of Americas at Tritium. “Battery storage systems can increase site capacity by up to 50 percent without extensive site and grid upgrades, a win-win for both our customers and EV drivers.”
Tritium continues to expand globally with new high-powered installations in California, Maryland, and New York in the U.S. as well as Italy, Monaco, Australia, and other countries. The company’s small footprint, sealed enclosure, and liquid cooled DC fast charging technology can reduce total cost of ownership by up to 37 percent over 10 years compared to air-cooled systems. This can enable greater profitability for charge point operators and offers EV drivers an easy and convenient charging experience.
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium's compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2021.
For more information, visit tritiumcharging.com.
About Electric Era
Electric Era designs and manufactures energy storage systems for fast charging stations. The company was founded in 2019 to enable the rapid electrification of transportation’s power supply to facilitate widespread electric vehicle adoption. Electric Era is rewriting the conventions of EV charging infrastructure with its leading energy storage technology that provides the high-power necessary for DC Fast Charge sites while offering the lowest price, smallest footprint, and longest cycle life
To learn more, visit electriceratechnologies.com.
Tritium Media Contact:
Sarah Malpeli
408-806-9626 ext 6840
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Electric Era Media Contact
Ryan Schleifman
(732) 887-7704
This email address is being protected from spambots. You need JavaScript enabled to view it.
Twitter: https://twitter.com/electriceratech
LinkedIn: https://www.linkedin.com/company/electric-era
Navis will resume in-person user conference October 24-27, 2022
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain, has postponed its hallmark event, Navis World, originally scheduled for Nov. 1-4, 2021.
Due to the Delta variant of COVID-19 and the restriction on international travel to the United States, the event has been rescheduled for Oct. 24-27, 2022 at the Palace Hotel in San Francisco. In lieu of the in-person conference that brings together industry movers and shakers from around the world to showcase industry technology trends and Navis’ strategy and vision for the future, the company will host a virtual event, ‘Navis Connect’, on Nov. 9-11, 2021.
“Our customers and employees have made many sacrifices and overcome many challenges over the last 17 months, and we were hoping to celebrate that with an in-person return of our highly anticipated Navis World 2021,” said Benoit de la Tour, President of Navis. “Out of an abundance of caution, we made the unfortunate but necessary decision to hold off for one more year and continue to prioritize the health and safety of our customers. We look forward to showcasing many of the scheduled themes and sessions through Navis Connect as well as moving forward with our Inspire Awards, which will give recognition to our incredible roster of customers who continue to change the face of our industry, even in the most tumultuous of times. We hope to see everyone online in November and in person in 2022.”
Details are still being finalized for Navis Connect, a virtual conference that will be an abridged version of Navis World, with a mix of big picture trends as well as updates to Navis vision, insights and interactive sessions on Navis Cloud and product development initiatives, following the company’s acquisition by Accel-KKR earlier this year. The event will be held to accommodate customers in different time zones and the full agenda, list of speakers and registration details will be announced later in September.
For more information visit navisconnect.navis.com.
About Navis, LP
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.
About Accel-KKR
Accel-KKR is a technology-focused investment firm with over $10 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Best Private Equity Firms for Entrepreneurs”, its annual list of founder-friendly private equity firms. Accel-KKR is headquartered in Menlo Park with offices in Atlanta and London. Visit accel-kkr.com to learn more.
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
This email address is being protected from spambots. You need JavaScript enabled to view it.
Katie Vroom
Gregory FCA
T+1 212 398 9680
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Global Industry Guide - Market Summary, Competitive Analysis and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Renewable Energy industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Scope
Reasons to Buy
Key Topics Covered:
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Competitive Landscape
2 Introduction
3 Global Renewable Energy
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
4.2. Renewable Energy in Asia-Pacific
4.3. Market Data
4.4. Market Segmentation
4.5. Market outlook
4.6. Five forces analysis
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/tziv42
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
NORMAN, Okla.--(BUSINESS WIRE)--#CAISO--PCI, the leading provider of secure and reliable enterprise software for energy companies, announced today that Tacoma Power (a division of Tacoma Public Utilities) is now live on its energy trading and risk management (ETRM) platform for power scheduling and trading operations.
Tacoma Power selected PCI to deploy multiple enterprise cloud solutions as part of its organizational roadmap to join the Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator (CAISO).
During a multi-phase project, PCI implemented its integrated platform to replace Tacoma Power’s legacy ETRM solution that presented scalability and integration challenges. PCI’s solution seamlessly communicates across various business functions and departments providing a holistic view of all energy trading activities. Comprehensive functionality for the front, middle, and back-office, along with the state-of-the-art e-Tagging capabilities were significant project success factors.
The PCI Platform is utilized to support:
“This go-live represents a major milestone for Tacoma Power on its path to joining the CAISO WEIM next year,” said Shailesh Mishra, PCI Vice President. “Close collaboration between our teams resulted in an on-time and on-budget delivery.”
The PCI ETRM Platform is an integrated solution set that provides benefits to various types of energy entities. Its flexible architecture offers feature-rich reporting, data extraction, system integration, and business process automation, while its cloud-native e-Tagging solution provides customers with an innovative user experience and enhanced productivity in full compliance with NERC requirements for today’s real-time trading operations.
About Tacoma Power
Tacoma Power provides electric service to the city of Tacoma, Fircrest, University Place, Fife, parts of Steilacoom, Lakewood, Joint Base Lewis-McChord, and unincorporated Pierce County as far south as Roy. That’s nearly 179,000 customers. View a more detailed map of our service territory and others who serve around us. We have been publicly owned since 1893, are a division of Tacoma Public Utilities and are governed by a five-member Public Utility Board. For more information, visit https://www.mytpu.org/.
About PCI
PCI is the global provider of energy trading software, superior customer support, and value-added services for energy companies. Founded in 1992, PCI continues to refine and develop new solutions that meet the ever-evolving needs of its clients, including investor-owned, municipal, and cooperative utilities, renewable energy companies, energy marketers and traders, and independent power producers. PCI optimizes more than half the power generated in North America, and more than 70% of Fortune 500 Utilities in the U.S. are PCI customers. The firm is privately held and based in Norman (OK), with regional offices in Houston (TX), Raleigh (NC), and Mexico City (Mexico), and Sydney (Australia). To learn more, please visit http://www.powercosts.com/.
Stuart Wright
Power Costs, Inc. (PCI)
303-917-3565
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Perishable Goods Sea Transportation Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The perishable goods sea transportation market is poised to grow by $ 2.38 bn during 2021-2025, progressing at a CAGR of almost 7%
The market is driven by the rising demand for processed food and technological advances in freight management.
The report on perishable goods sea transportation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The perishable goods sea transportation market analysis includes the product segment and geographic landscape.
This study identifies the end-to-end integrated services as one of the prime reasons driving the perishable goods sea transportation market growth during the next few years.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading perishable goods sea transportation market vendors that include A.P. Moller - Maersk AS, C.H. Robinson Worldwide Inc., CMA CGM Group, Deutsche Post DHL Group, DSV Panalpina A/S, Kuehne + Nagel International AG, Mediterranean Shipping Co. SA, Mitsui O.S.K. Lines Ltd., Orient Overseas Container Line, and Schenker AG.
Also, the perishable goods sea transportation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/4115hp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
LOS ANGELES--(BUSINESS WIRE)--Reynolds Advisory Partners, LLC (“RAP” or “Reynolds”) acted as the exclusive financial advisor to Mitsubishi Electric Power Products, Inc. (“MEPPI”) of Warrendale, Pennsylvania, and its parent company Mitsubishi Electric Corporation (“MELCO”) of Tokyo, Japan, on their acquisition of Smarter Grid Solutions (“SGS”) of Glasgow, Scotland, United Kingdom. MELCO and MEPPI announced the definitive agreement to acquire SGS on August 9, 2021, and the transaction closed on August 19, 2021. Financial terms of the transaction were not disclosed.
Joe Barron, Director, Corporate Development & Marketing at MEPPI, commented as follows: “We very much appreciated the expert assistance of Reynolds Advisory Partners, in particular Brian MacLeod, who was dedicated to assisting us in refining our acquisition criteria, identifying and approaching potential suitable targets, and negotiating and completing the acquisition. We are grateful to have had Brian's guidance and leadership throughout the process which were instrumental in closing the successful transaction.”
Brian MacLeod, Managing Director at RAP, stated: “We are pleased to have assisted MEPPI and MELCO in achieving a successful result from this M&A process. The combination of Mitsubishi Electric and Smarter Grid Solutions will generate substantial synergies and strategic benefits for all the parties, including the prospect of providing new and innovative solutions to electric utilities and other electricity industry participants. Distributed energy resources (“DER”) continue to proliferate in power grids, resulting in more diversified and increasingly economical energy sources. DER increases sustainability by incorporating renewable energy sources into power grids. DER also reduces greenhouse gas emissions, thereby reducing the rate of climate change. SGS’s technology, products and expertise help electric utilities and other industry participants manage the complexities associated with incorporating DER, enabling them to optimize the benefits of DER.”
Mr. MacLeod added: “M&A transaction activity is currently elevated among software and SaaS providers in all sectors of the economy, as large industry participants seek to add additional capabilities. Our firm has extensive M&A advisory experience in software/SaaS in many vertical markets, such as, in this case, the electric power and utilities sector.”
About Mitsubishi Electric Power Products, Inc.
Headquartered in Warrendale, Pennsylvania, Mitsubishi Electric Power Products, Inc. (MEPPI) is a U.S. affiliate of Mitsubishi Electric Corporation serving the North American power systems, data center, rail transportation, and large visual display markets. MEPPI products include gas circuit breakers, vacuum circuit breakers, power transformers, gas-insulated substations, FACTS, high voltage DC systems, battery energy storage systems, electric generators, nuclear power plant control systems, uninterruptible power supplies, rail transportation equipment, rail signaling systems, and high-definition LED displays. Information on MEPPI’s complete line of products and services can be found at www.MEPPI.com.
About Mitsubishi Electric Corporation
With 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company recorded a revenue of 4,191.4 billion yen (U.S.$37.8 billion*) in the fiscal year ended March 31, 2021. For more information, please visit www.MitsubishiElectric.com *U.S. dollar amounts are translated from yen at the rate of ¥111=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2021.
About Smarter Grid Solutions
Smarter Grid Solutions (SGS) is a U.K.-based energy management enterprise software company that operates internationally with offices in Glasgow, Scotland, and New York City. The company’s products are used to manage power grids and market participation in energy systems with high volumes of distributed, clean and flexible energy assets. SGS’s customers use its DER management system (DERMS) products to integrate DER into markets and grids to deliver grid capacity management, flexible interconnection, virtual power plant, microgrid, fleet energy asset operations, energy as a service (EaaS) and local energy applications. For more information, visit www.smartergridsolutions.com.
About Reynolds Advisory Partners, LLC
Reynolds Advisory Partners, LLC is a boutique investment bank with a focus on the “middle market.” RAP provides a full suite of financial advisory services, including mergers, acquisitions, divestitures, restructurings, and the issuance of equity and debt capital. RAP's professionals also have extensive experience in advising Independent/Special Committees of both public and private companies in facing complex issues, including evaluating related party transactions.
For more information, visit www.reynoldsap.com.
Reynolds Advisory Partners, LLC - Investment Banking Contact:
Brian MacLeod, Managing Director: This email address is being protected from spambots. You need JavaScript enabled to view it.. 310-318-9674
Brian MacLeod
Reynolds Advisory Partners
310-318-9674
Michael Garberding joins EPIC Midstream as Chief Financial Officer
HOUSTON--(BUSINESS WIRE)--EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced Michael Garberding has joined EPIC as the Chief Financial Officer effective August 31, 2021. He will report to Brian Freed, the Company’s Chief Executive Officer.
“I am excited to welcome Mike to the leadership team of EPIC,” said Mr. Freed. “He brings immense strategic, financial and industry experience to our company. Mike will be critical in managing EPIC’s financial planning and reporting, budgeting and risk management to better position us for future growth strategies around our best in class long haul assets for transporting crude oil and natural gas liquids out of the Permian and Eagle Ford Basins to the premier Texas Gulf Coast and global market destinations.”
Mr. Garberding’s career has spanned across all aspects of corporate strategy, business development and finance and accounting in various energy companies. Prior to joining EPIC, Mr. Garberding’s served as the Co-Founder and Co-CEO of AABA Energy, a midstream start-up, and President and Chief Executive Officer of Enlink Midstream. Prior to his role as Enlink’s CEO, Mr. Garberding served as Enlink’s Executive Vice President and Chief Financial Officer. He held several positions with Enlink’s predecessor, Crosstex Energy, including Senior Vice President of Business Development and Finance. Prior to joining Crosstex in 2008, Mr. Garberding was Assistant Treasurer at TXU Corp. Mr. Garberding also worked as a finance manager for Enron North America and began his career with Arthur Andersen LLP as an auditor.
Mr. Garberding graduated from Texas A&M University with a Bachelor of Business Administration in accounting and holds a Master of Business Administration from the University of Michigan.
About EPIC Midstream Holdings, LP
EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Basins. EPIC operates the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline that span approximately 700-miles servicing the Delaware, Midland and Eagle Ford Basins. EPIC is a portfolio company of funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES). For more information, visit www.epicmid.com.
EPIC Midstream Holdings, LP
David McArthur
Corporate Communications Director
(210) 446-1059
This email address is being protected from spambots. You need JavaScript enabled to view it.
Planned Transformation to Strengthen Company’s Position to Take Advantage of Next-Generation Opportunities and Drive Future Success
AVON, Minn.--(BUSINESS WIRE)--Blattner Company, the leading renewable energy provider in North America, and parent company of Blattner Energy, Inc. and D.H. Blattner & Sons, Inc., announced that it has identified a strategic partner and entered into a definitive agreement to be acquired by Quanta Services, Inc. Houston-based Quanta is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries with operations throughout the United States, Canada, Australia and select other international markets.
“Today’s announcement marks the exciting culmination of a process that we began in January 2021,” said Scott Blattner, President of Blattner. “Our goal was to find a transformational partner to further strengthen our market leadership position, provide additional support to take advantage of next-generation opportunities emerging in the renewable energy market and contribute to added, long-term success for employees and customers. We’ve found that in Quanta, a Fortune 300 company with a proven track record of acquiring businesses like ours with great success. Quanta is committed to their operating units’ leadership, locations and communities that aligns with their company culture and approach to business. We look forward to joining their family of companies and adding the additional scale and support needed for our organization to continue leading and delivering certainty to our renewable energy customers.”
Duke Austin, Quanta’s President and Chief Executive Officer, commented, “We are excited to announce our intention to acquire Blattner and we look forward to welcoming their employees to the Quanta family of companies. Both Blattner and Quanta are rooted in entrepreneurial, family-operated businesses that are focused on safety and care deeply about their employees. We believe what Quanta is to the electric power solutions industry, Blattner is to the utility-scale renewable energy solutions industry. Together, we will be focused on what we believe are the most attractive areas of the electric infrastructure complex. Blattner will bring an exceptional management team that we believe will enhance our ability to collaborate with our customers to shape North America’s energy transition to a carbon-neutral economy.”
The transaction has been unanimously approved by the Board of Directors of both Blattner and Quanta and is expected to close in the fourth quarter of 2021, subject to receiving required regulatory approvals and the satisfaction of other customary closing conditions.
Following transaction close, Blattner’s office locations and management team will remain in place, with Scott Blattner continuing in his leadership role as President. Blattner will serve as a platform operating unit of Quanta.
Culturally, Quanta and Blattner share similar values and business models that met Blattner’s key partner criteria. Both organizations are aligned in their focus on employees, customers and communities, with a safety-first approach. Additionally, Blattner and Quanta have collaborative approaches to long-term, trusted relationships with partners with specialized capabilities that will advance North America’s renewable energy transition.
Concluded Blattner, “Our industry is on the cusp of rapid change and evolution – with the potential for a transformative worldwide energy revolution. We seek to remain a leader and entrepreneur by transforming our organization with additional scale and support. Our employees, customers, partners and communities deserve the best in this evolving industry as Blattner also continues to evolve. Joining together with Quanta will create an even brighter future for Blattner and provide more opportunities for long-term success.”
Investment banking firm J.P. Morgan is serving as exclusive financial advisor to Blattner for this transaction.
About Blattner Company
Blattner Company, an industry leading renewable energy provider, is the parent company of Blattner Energy, Inc. and D.H. Blattner & Sons, Inc. that delivers expertise and collaborative renewable energy solutions for developers and utilities throughout North America. The Blattner Family of Companies provides complete engineering, procurement, project management and construction services for wind, solar and energy storage solutions. Powering forward, Blattner builds certainty through relationships, proven project management and self-performance of major work activities, ensuring safety, quality, efficiency and customer satisfaction. For more information, visit: www.blattnercompany.com
About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.
Blattner
Christine Huston
p: 320.406.9681
e: This email address is being protected from spambots. You need JavaScript enabled to view it.
Padilla
Matt Sullivan
p: 612.817.1385
e: This email address is being protected from spambots. You need JavaScript enabled to view it.
The luxury auto brand will invite US Open fans to generate energy that will be used to help power an upcoming exclusive event in collaboration with global partner Alicia Keys
ATLANTA--(BUSINESS WIRE)--To celebrate the launch of its first line of electric vehicles, Mercedes-Benz USA has developed an activation at the 2021 US Open to educate fans about its electrification efforts. The luxury automotive brand will engage tournament attendees to create and harvest clean energy that will be used to help power an upcoming exclusive event with global partner Alicia Keys. The Mercedes-EQ family of vehicles will combine sophistication, sustainability, high-end technology and style for an unprecedented fully electric luxury experience. The first vehicle from the line, the all-new 2022 EQS Sedan, will launch later this year.
As an official sponsor of the US Open, Mercedes-Benz will host fans in their Brand Center at the USTA Billie Jean King National Tennis Center from August 30 through September 12. Mercedes-Benz will invite fans to walk over a pathway of kinetic tech floor tiles, created in partnership with Pavegen, that will generate reusable clean energy with each footstep. As guests walk over the Pavegen floor tiles, the weight from their footsteps will compress an electromagnetic generator, which in turn will transform each individual footstep into a small amount of energy that is converted into clean electricity.
For each consumer who walks the pathway, Mercedes-Benz will make a $1 donation per footstep to The National Energy Education Development Project (NEED) to help bring sustainability resources to schools through curriculum and customizable programs. With support from Mercedes-Benz, NEED will expand its upcoming pilot curriculum around electric vehicles and create additional training for students and teachers across the country around electrification and the future of transportation. Additionally, Mercedes-Benz will randomly select one participant each day of the tournament to receive two tickets to attend the exclusive event later this year.
“Mercedes-Benz is committed to an electric future, and with the Mercedes-EQ family of vehicles, we’ve set our sights on the intelligent evolution of transportation that will help create a smarter way of living,” said Monique Harrison, Head of Brand at Mercedes-Benz USA. “We are excited to engage consumers to help us create clean energy and support NEED’s efforts to train and empower the next generation of the STEM workforce, and hope that with this initiative we will spark excitement from kids to take part in the future of electric transportation.”
“Partnering with Mercedes-Benz is a game-changing opportunity for NEED to share the excitement about electrification and electric vehicles with students and teachers around the United States,” said Mary Spruill, Executive Director at NEED. “This engagement at the US Open is harnessing the power of tennis fans to support these teachers and students as they learn about the electric grid and what infrastructure is needed to put more electric vehicles like the EQS on the road, helping to make the future of electric transportation incredibly bright and successful.”
As part of the activation, Mercedes-Benz will officially reveal the EQS, the first all-electric luxury sedan from Mercedes-EQ, to New York consumers with two vehicle displays at the Mercedes-Benz Brand Center. Fusing technology, design, functionality and connectivity, the EQS is the pinnacle of electric luxury, bridging the gap between elegance and sustainability. The first models being introduced to the U.S. market include the EQS 450+ and the EQS 580 4MATIC and will launch later this fall.
Fans will also have the chance to play a new visually stunning virtual reality tennis game which will feature an LED wall to display energetic movement as the match is played. Taking place on the iconic blue courts of the US Open, guests can use rackets with sensors to serve and hit a virtual ball back and forth in the Mercedes-Benz Brand Center.
About Mercedes-Benz USA
Mercedes-Benz USA (MBUSA), headquartered in Atlanta, is responsible for the distribution, marketing and customer service for all Mercedes-Benz products in the United States. MBUSA offers drivers the most diverse lineup in the luxury segment with 15 model lines ranging from the sporty A-Class Sedan to the flagship S-Class and the Mercedes-AMG GT R. MBUSA is also responsible for Mercedes-Benz Vans in the U.S. More information on MBUSA and its products can be found at www.mbusa.com and www.mbvans.com.
Accredited journalists can visit our media site at www.media.mbusa.com.
About NEED
The National Energy Education Development Project promotes an energy conscious and educated society by creating effective networks of students, educators, business, government and community leaders to design and deliver objective, multi-sided energy education programs. NEED works with energy companies, agencies and organizations to bring balanced energy programs to the nation’s schools with a focus on strong teacher professional development, timely and balanced curriculum materials, signature program capabilities and turn-key program management.
In 1980, The NEED Project began as a one-day celebration of energy education when National Energy Education Day was recognized by a Joint Congressional Resolution. In the same year, President Jimmy Carter issued a Presidential Proclamation stressing the need for comprehensive energy education in our schools, a reduction of our dependence of fossil fuels, and increasing use of renewable energy technologies and energy efficiency. In the 40 years since, NEED has created a portfolio of over 150 curriculum modules dedicated to renewable and nonrenewable energy sources, the science of energy, electricity, transportation, energy efficiency, conservation, climate change, and energy careers.
For more information, please visit www.Need.org.
About Pavegen
Pavegen is the global leader in harvesting energy and data from footfall. Our mission is to enable people to change the world for the better through the simple power of a footstep. Our patented technology connects people to sustainability and smart cities, creating powerful experiences which convert footsteps into off-grid energy, rich data, and rewards. We call this the internet of beings, making cities smarter with every step.
Pavegen supplies both permanent installations and experiential activations and we power off-grid applications such as games, lighting, and environmental monitoring. With embedded Low-Power Bluetooth connectivity, we can register the footsteps of individuals via our apps. When we combine this real-time footfall data with analytics, we create powerful insights into the behaviours of people interacting with our systems.
Founded in 2009 by Laurence Kemball-Cook, Pavegen has delivered 200 projects in 30 countries, working with iconic brands including Adidas, Coca-Cola, Heathrow Airport, Shell, and Westfield. Our latest projects include working with Transport for London and New West End Company to create the world’s first smart street and partnering with Google to create the world’s largest energy and data harvesting array in Berlin. Our model, the V3, won the 2017 Smart Cities Interactive Innovation award at South by Southwest and the 2018 UK PropTech award for social impact.
News Media Contact:
Lindsay Munson, Mercedes-Benz USA
201-573-2238
DUBLIN--(BUSINESS WIRE)--The "2021 Middle Eastern Power Rental Market With Covid-19 Impact" report has been added to ResearchAndMarkets.com's offering.
The Middle Eastern Power Generation Rental market research report includes market size, growth rates, vertical end user split, competitive market share data and revenue forecasts from 2020-2027 for Saudi Arabia, Qatar, the UAE, Kuwait, Oman, Bahrain, Egypt, Iraq, and the rest of the Middle East with COVID-19 impact.
The study is a comprehensive analysis including market share splits by fuel type (diesel-based and gas-based), output power (50-300 KVA, 300-500 KVA, 600 KVA-1MW, and >1MW), application (prime, continuous, and standby), end user group (construction, oil & gas, utilities, data centers, others) and rental provider.
Furthermore, profiles of key companies, growth drivers, restraints, challenges, and quotations from industry participants are also included in this analysis of the temporary power opportunity.
The Middle Eastern Power Rental Market is in the growth stage. The market is highly competitive, with a large number of local companies holding a major portion of the market share.
The market is projected to experience a steady growth rate during the forecast period (2020-2027). The market is expected to be driven by increasing construction activity, a resurgence of the events industry, and regional economic development.
This study aims to provide a detailed analysis of the Middle Eastern Power Rental Market along with competitive intelligence for the year 2020. The market numbers included in this report represent revenues generated by companies operating in the Middle Eastern Power Rental Market. The base year for the study is 2020 and the forecast period is from 2020 until 2027.
This study captures the following information on Middle Eastern Power Rental Market:
Companies Featured:
Key Topics Covered:
I. Research Scope
II. Market Definitions
III. Methodology
IV. Middle Eastern Power Rental Market: Executive Summary
a. COVID-19 Impact
b. Competitive Factors
c. Middle Eastern Rental Market: Market Drivers and Impact
d. Middle Eastern Power Rental Market: Market Challenges and Impact
e. Middle Eastern Power Rental Market: Market Trends
f. Middle Eastern Power Rental Market: Market Trends - Power Projects
V. Market Data
a. Revenue Forecast, Total Market, 2020-2027
b. Revenue Forecast, General Rental 2020-2027
c. Revenue Forecast, Power Projects, 2020-2027
d. Market Share by Country, General Rental, Middle East, 2020
e. Market Share by Revenue, General Rental, Middle East, 2020
f. Market Share by Revenue, by Fuel Type, Middle East, 2020
g. Market Share by Revenue, by Generator Size, Middle East, 2020
h. Market Share by Revenue, by Application, Middle East, 2020
i. Market Share by Revenue, by End User, Middle East, 2020
For more information about this report visit https://www.researchandmarkets.com/r/k4use3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Javier Cavada to remain on the board as non-executive director effective January 1, 2022
LONDON & MADRID--(BUSINESS WIRE)--#batterystorage--Highview Power, a global leader in long duration energy storage solutions, announced its executive succession plan with the appointment of Adrian Katzew, founder and former CEO of Zuma Energía, as the next CEO of the Highview Power global group of companies. Katzew will commence his role with Highview Power October 1, 2021, in the role of Deputy CEO and CEO Designate.
Image: Adrian Katzew
Working with the close support of Highview Power’s chairman, Colin Roy, and its current CEO, Javier Cavada, during a three-month transition period, Katzew will assume full leadership on January 1, 2022. At that time, Cavada will step down from his executive responsibilities but continue serving Highview Power as a non-executive director of the board. Cavada will also take on a new executive role with an outside organisation at that time.
“Adrian is a highly respected energy executive, who brings with him charismatic leadership, boundless energy, a wealth of varied experiences across several relevant sectors and a catalogue of personal successes and first-to-do achievements. Most relevant for Highview Power today, he has deep experience developing and building profitable, large-scale renewable assets,” said Roy. “It is in the nature of technology growth companies that they require different types of leaders for different stages of development. Now is the time for us to capitalise on our first-mover advantage as we build out the project pipeline, construct our plants – and expand the capabilities of the company across key global markets.”
“We are currently witnessing an unprecedented transformation of energy systems across the globe for renewable energy sources, and Highview Power’s long duration storage is a critical piece of the solution,” said Katzew. “Highview Power’s liquid air energy storage technology is positioned to be a catalyst for decarbonisation and to be one of the global energy storage leaders in driving energy transition forward. I am impressed by the Highview team and board and look forward to leading the company in this critical next phase.”
Katzew is a globally recognised leader in the renewable energy sector, having built organisations that have financed, invested, constructed, and operated large-scale renewable energy projects across more than 10 countries. He has also been an active promoter of public policy initiatives to further sustainable energy solutions. As founder and CEO of Zuma Energía, Katzew established the company as a leader in the Mexican renewable power sector. Katzew then oversaw the successful exit of Zuma by its owners, Actis and Mesoamerica.
Before Zuma, Katzew held senior positions at leading global companies in the renewable energy industry. At Vestas, he oversaw operations in Mexico, Central America and the Caribbean. At First Solar, Katzew was responsible for the commercial strategy in Europe, the Middle East and Africa, and at Banco Santander, he led global project and acquisition finance activity for the renewable energy sector.
Katzew earned his master's degree in business administration from Harvard University and an honours bachelor’s degree in economics from Wilfrid Laurier University in Canada.
“Javier has done an incredible job in establishing our unique technology and securing our first large commercial projects. He has been a critical part of our success and I am very pleased he will remain closely associated with Highview as a non-executive board member and tireless proponent of the company in the future,” said Roy. “Any company would be very fortunate to have secured a leader of Javier’s ability. We wish him great success in his new role.”
“It has been an honour to lead this company and bring it from R&D into full scale commercialisation. As the company moves into a stage of large growth, it is the perfect time for a leader who can capitalise on all the progress we have made, and I believe Adrian has the experience, skills and passion to take us there. I look forward to supporting him during the transition and beyond through my board position,” said Cavada.
About Highview Power
Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 50 MW/300MWh to more than 200 MW/2000MWh of energy and has a lifespan of over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power. For more information, please visit: http://www.highviewpower.com.
Media Contact Highview Power:
Wendy Prabhu, Mercom Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 512 215 4452
Optomec introduces novel fully automated, high-volume production machines for both Metal Additive and 3D Printed Electronics
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Optomec Inc., a leader in production solutions for Metal Additive Manufacturing and 3D Printed Electronics, will showcase two new Additive Manufacturing machines at the RAPID + TCT exhibition in Chicago, September 13 - 15, booth E8210. Both of these machines are specifically designed for high volume production, incorporate automated part-handling options and are designed with operator-friendly production software for error-free job sequencing in a manufacturing setting.
The first of these machines is the HC-TBR, a compact, all-in-one Metal Additive Manufacturing machine that uses Directed Energy Deposition (DED) to build or repair 3D metal parts with a wide variety of alloys. In particular, this new machine is capable of processing reactive metal alloys such as titanium and aluminum at high volume in an oxygen-free chamber to ensure superior mechanical properties. Using advanced laser optics, the machine can remotely change the size and power profile of its laser beam, enabling significant reductions in print times. This is a first for the industry. The machine was designed in response to manufacturers in several industries that are seeking lower cost methods of producing and repairing titanium components as the industrial use of titanium continues to grow worldwide.
The second machine to be highlighted is the new Aerosol Jet HD2 3D Electronics Printer. The Aerosol Jet HD2 uses Optomec’s patented Aerosol Jet solution to produce high resolution circuitry (with features as small as 10 microns), including a unique ability to dispense conformal 3D interconnects between die, chips, components and substrates. This interconnect approach is all the more powerful due to its improved performance at high signal frequencies, enabling longer range and reduced power consumption in emerging segments such as 5G communications, automotive radar and defense applications. As a primary application, the Aerosol Jet HD2 can serve as a drop-in replacement for the decades-old method of connecting electrical components with wire bonds, which suffer from several critical deficiencies including space inefficiency, high scrap and poor signal performance.
“Both of these new systems are aimed at high volume production and are designed to be integrated into work cells or automated production lines,” said Mike Dean, VP of Marketing. “But the machine’s performance and reliability is really only one part of the equation for production. The other part is process development time. That’s why Optomec also offers turn-key process recipes to help manufacturers get up and running in weeks instead of months.”
Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec’s patented Aerosol Jet Systems for printed electronics, and LENS and Huffman brand 3D Printers for metal component production and repair, are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has delivered more than 500 of its proprietary Additive Manufacturing systems to more than 200 marquee customers around the world, for production applications in the electronics, energy, life sciences and aerospace industries. Our users include countless blue-chip manufacturing companies, such as GE, Samsung, Raytheon, Siemens, Lockheed and LiteOn, as well as the US Air Force, US Navy, US Army and NASA. For more information, visit optomec.com.
LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec, Inc.
Media Contact:
Shayna Watson
This email address is being protected from spambots. You need JavaScript enabled to view it.
(505) 761-8250
DUBLIN--(BUSINESS WIRE)--The "Compressor Oil Market Research Report by Compressor Type, by End-Use Industry, by Base Oil, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Compressor Oil Market size was estimated at USD 10.36 Billion in 2020 and expected to reach USD 10.98 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 6.30% to reach USD 14.96 Billion by 2026.
Competitive Strategic Window
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Compressor Oil Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Compressor Oil Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Compressor Oil Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Compressor Oil Market?
4. What is the competitive strategic window for opportunities in the Global Compressor Oil Market?
5. What are the technology trends and regulatory frameworks in the Global Compressor Oil Market?
6. What is the market share of the leading vendors in the Global Compressor Oil Market?
7. What modes and strategic moves are considered suitable for entering the Global Compressor Oil Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/rx6xwm
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Leading enterprise blockchain STRATO empowers organizations to own and manage their data, increasing traceability and provenance.
NEW YORK & HOUSTON--(BUSINESS WIRE)--Fourth paragraph should read: “This is also a steppingstone to new processes and business models using the seismic data. For example, when coupled with Cloud environments, Blockchain Entitlements could be the gateway to access the digital data itself – accelerating transactions and delivery,” said Agustin Diz, Director of E&P Information Management and Project Champion, Repsol (instead of Rebecca Hofmann, President of Blockchain For Energy).
The updated release reads:
BLOCKAPPS AND BLOCKCHAIN FOR ENERGY DEVELOPING BLOCKCHAIN-BASED SEISMIC ENTITLEMENT PLATFORM
Leading enterprise blockchain STRATO empowers organizations to own and manage their data, increasing traceability and provenance.
BlockApps, the leading enterprise blockchain platform provider, today announced its latest engagement with Houston-based energy consortium Blockchain For Energy. The global leader in collaborative blockchain development for the energy industry is working with BlockApps on the development of a blockchain-based Seismic Entitlement Platform to provide a decentralized solution for more efficient and traceable transactions. The project, which is based on the BlockApps STRATO platform, is being developed with participation from consortium members, who include Repsol, Chevron, ConocoPhillips, ExxonMobil, Hess, and Pioneer Natural Resources.
Seismic entitlement processes are complex, challenging to keep compliant and costly to maintain. Blockchain technology addresses these challenges by recording all transactions in an immutable manner with no single point of failure. This provides greater transparency and traceability for oil and gas companies, service providers, resource holders and government entities, while enhancing the security of asset transactions since no single entity has central access to records of all transactions.
“Seismic Entitlements are integral parts of oil and gas partnerships, joint ventures and the conditions that seismic information vendors place on their products. Keeping track of these over decades means there are significant costs and challenges in ensuring compliance by all companies involved. However, this tracking does not add value to the product. Blockchain greatly simplifies and streamlines the process, providing greater transparency, while preserving confidentiality,” said Raquel Clement, Project Sponsor with Chevron and Chairperson of the Board, Blockchain for Energy.
“This is also a steppingstone to new processes and business models using the seismic data. For example, when coupled with Cloud environments, Blockchain Entitlements could be the gateway to access the digital data itself – accelerating transactions and delivery,” said Agustin Diz, Director of E&P Information Management and Project Champion, Repsol.
The Seismic Entitlement Platform will drive best practices through industry alignment on key blockchain components, including governance structures, smart connected parameters, consensus protocols and cryptography requirements. Additionally, a spatially related Geographic Information System (GIS) map interface allows for accessing public data that is viewable by anyone or limiting access according to owner specifications.
Blockchain For Energy will be able to learn, lead and leverage BlockApps’ platform technology for the oil and gas industry by evaluating the technology, completing proofs of concept, and conducting pilots. In addition, the consortium can explore the benefits and industry application of blockchain, including faster transacting, enabling cloud access to the digital asset (seismic data), reduced disputes, improved safety, and lower costs, while facilitating blockchain adoption through industry best practices of data, processes, security, and compliance.
“We’re proud to work with Blockchain For Energy to simplify entitlements while helping to transform business practices from purchasing to interpretation in the cloud,” said Kieren James-Lubin, president and CEO, BlockApps. “Providing an industry-wide decentralized platform, we can fully equip customers with full tracking of Seismic Entitlements throughout the lifecycle, guaranteeing transparency and traceability without violating confidentiality.”
The Seismic Entitlement Platform is built on the BlockApps STRATO network, a flexible solution for building and operating business networks that offers secure and streamlined operations for enterprises. Leveraging STRATO, oil and gas companies can own and manage their own network, further enabling traceability to achieve provenance with mechanisms to manage complex contracts, produce immutable records of all transactions and provide a gateway for more efficient business processes for operators and vendors.
For more information on STRATO blockchain solution, visit https://blockapps.net/strato/.
About BlockApps
BlockApps is the leading provider of blockchain technology for business networks. Our platform, BlockApps STRATO, powers industry networks in energy, finance, agriculture, live events, travel and many more. Founded in 2015, BlockApps has created several industry innovations including the launch of Blockchain as a Service with Microsoft, founding the Enterprise Ethereum Alliance (the world’s largest open standard blockchain organization) and being the first blockchain company to partner with all major cloud platforms (Azure, Amazon Web Services, Google Cloud Platform). For more information, visit and contact us at www.blockapps.net, or find us on social media via LinkedIn, YouTube and Twitter.
About Blockchain for Energy:
Utilizing the benefits of blockchain technology, the Blockchain For Energy consortium (formerly known as the Offshore Operators Committee Oil & Gas Blockchain Consortium) provides its members with the best-in-class industry learnings and solutions. As a nonprofit organization, they drive digital transformation by providing members with a secure, neutral venue to accelerate the digitalization journey. They seek to resolve, reinvent, and transform the industry through collaborative synergies. For more information, www.blockchainforenergy.net or follow the organization on LinkedIn, Twitter, Instagram and Facebook.
Maija McManus
Red Lorry Yellow Lorry for BlockApps
+1 617-413-7841
This email address is being protected from spambots. You need JavaScript enabled to view it.
Martin Juniper
W1 Communications for Blockchain For Energy
713.816.4173
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN RAMON, Calif. & ST. LOUIS--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Bunge North America, Inc., a subsidiary of Bunge Limited (NYSE: BG), announced today a memorandum of understanding (MOU) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.
Upon finalization of the joint venture, Chevron and Bunge’s partnership would establish a reliable supply chain from farmer to fueling station for both companies. Bunge is expected to contribute its soybean processing facilities in Destrehan, Louisiana, and Cairo, Illinois, and Chevron is expected to contribute approximately $600 million in cash to the joint venture. Through the joint venture, the two companies anticipate approximately doubling the combined capacity of the facilities from 7,000 tons per day by the end of 2024. The joint venture would also pursue new growth opportunities in lower carbon intensity feedstocks, as well as consider feedstock pretreatment investments.
“As the world’s largest oilseed processor, we are pleased to expand our partnership with an energy industry leader to increase our participation in the development of next generation, renewable fuels. Together, we share a commitment to sustainability and reducing carbon in the energy value chain. This relationship with Chevron would enable Bunge to better serve our farmer customers by accessing demand in the growing renewable fuels sector,” said Greg Heckman, Bunge CEO.
Under the proposed joint venture arrangement, Bunge will continue to operate the facilities, leveraging its expertise in oilseed processing and farmer relationships to manage origination and marketing of meal and plant-based oil. Chevron would have offtake rights to the oil to use as renewable feedstock to manufacture diesel and jet fuel with lower lifecycle carbon intensity, in addition to providing market knowledge and downstream retail and commercial distribution channels.
“Through our commercial work with Bunge, we have come to appreciate their strong company culture, their strategic desire to advance the production of lower carbon fuels, their commitment to capital discipline and promotion of sustainable agriculture in their supply chains,” said Mark Nelson, executive vice president of Downstream & Chemicals for Chevron. “Chevron’s proposed joint venture with Bunge positions us to expand into the renewable fuel feedstock value chain, which will advance our higher returns, lower carbon strategy.”
The creation of the proposed joint venture is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
About Bunge Limited
Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri and has almost 23,000 employees worldwide who stand behind approximately 300 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy, Inc.; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, industry-specific taxes, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements
Cautionary Statement Concerning Forward-Looking Statements
This Bunge press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could cause actual results to differ from these forward-looking statements: the negotiation and finalization of the definitive documentation related to the joint venture; the ability to achieve the expected targets of the joint venture and the ability to realize the benefits we expect to derive from it; the outcome and effects of the Board’s strategic review; our ability to attract and retain executive management and key personnel; industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
Investor Contacts:
Roderick Green
Chevron
This email address is being protected from spambots. You need JavaScript enabled to view it.
Ruth Ann Wisener
Bunge Limited
636-292-3014
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contacts:
Tyler Kruzich
Chevron
925-549-8686
This email address is being protected from spambots. You need JavaScript enabled to view it.
Bunge News Bureau
Bunge Limited
636-292-3022
This email address is being protected from spambots. You need JavaScript enabled to view it.
Adaptive reuse project bringing new opportunities to one of America's most impoverished communities
BUFFALO, N.Y.--(BUSINESS WIRE)--#energystorage--Viridi Parente, Inc., a developer of innovative battery technology that can be safely installed and operated in nearly any environment or location, is increasing its space on its 42-acre green tech campus to meet robust demand for its safe battery technology solutions. The company is working with Alberici Constructors to add 70,000 square feet, expanding its total research lab, assembly, office, and production space to 190,000 square feet. It also integrates automation features such as robotic welding technology and a vertical lift management system throughout the manufacturing space.
"The transition from fossil fuels to safer, quieter energy sources is gaining momentum, and Viridi Parente is leading the way," said Jon M. Williams, CEO of Viridi Parente. "Demand for our Green Machine mobile construction and industrial machinery solution has never been greater, and our Volta energy storage solution for residential, medical, commercial, and industrial applications is about to break all the traditional market entry barriers. We hope this expansion is the first of many as we continue developing new options for safe, quiet, reliable energy sources."
Viridi Parente is located in an urban 850,000-square-foot facility originally constructed in 1923 by GM as its first manufacturing facility outside of Michigan. It was previously occupied by American Axle & Manufacturing before the company abandoned it in 2007.
The site was purchased in 2008 by Williams and renovated from a fossil-fuel-powered plant into a solar-powered facility, making it a model adaptive reuse project and a fitting representation of Viridi Parente's production of sustainable energy products that displace traditional fossil fuel generation.
Viridi Parente engaged Alberici Constructors of St. Louis, Mo. for the expansive project. Converting this almost 100-year-old facility into a state-of-the-art manufacturing space required leveraging a skilled builder with automotive and manufacturing experience.
"We are excited to partner with Viridi Parente on this innovative battery technology facility. Our team brings decades of automotive and manufacturing industry expertise to this project that will enhance production capabilities and quality for our valued client," said Aaron Walsh, Alberici general manager, automotive market.
"SSOE is excited to apply our specialized lithium-ion battery plant design expertise to this project as Viridi Parente looks to revolutionize the future of distributed energy and in a way that is both economically viable and environmentally friendly. We look forward to ensuring the design of the facility supports these same core values through innovative design solutions that are both sustainable and cost-effective," added Nicholas Bryan, PMP, project manager with SSOE Group, an architecture, engineering, and construction management firm that is working with Alberici Constructors on the project.
The expanded space includes 30,000 square feet for lab and assembly space and an additional 40,000 square feet for increase shipping and receiving capacity. The company currently occupies 120,000 square feet of the campus facility with the following:
"This campus was an economic engine for the community over the last 100 years. It ushered in the industrial revolution in Buffalo and the Northeastern United States. With this came jobs, communities, families, and prosperity," Williams said. “Viridi is working to usher in the technological revolution that will bring prosperity back to 14215 and the Northeastern United States for the next 100 years."
In addition to Viridi Parente, the campus is occupied by eight other tenants, including green tech companies and numerous nonprofits and community organizations. Located in zip code 14215, one of America's most impoverished communities, Viridi Parente's site is a strategic base for nonprofits working to improve the quality of life for surrounding residents. As part of the company's commitment to engaging with the community, organizations such as Catholic Charities and the Buffalo Peacemakers are also housed on the campus. These groups provide residents with access to critical resources that meet their basic needs as well as education, skills training, and job opportunities.
Viridi Parente deploys safe battery technology into applications that have been historically dominated by fossil fuel energy sources. The company's architecture for its Green Machine mobile energy solution for the industrial market and its Volta Energy Products energy storage system for industrial, medical, commercial, municipal, and residential users is the only design in the market that can be safely installed and operated in nearly any environment or location. The company's 42-acre campus, a former GM manufacturing facility, is bringing green jobs and workforce training opportunities to one of the nation's most impoverished zip codes while also serving as a model of how adaptive reuse projects can spur the economy and revitalize communities.
About Viridi Parente
Viridi Parente (Viridi) is a disruptive energy company in Buffalo, New York, that is changing the way we use energy, improving systems, communities, and lives. Viridi deploys safe battery technology into applications that have been historically dominated by fossil fuel energy sources. Its innovative architecture is constructed from materials used for aerospace and military applications and is the only design in the market that can be safely installed and operated in nearly any environment or location. Through its subsidiary, Green Machine Equipment, Viridi is bringing quiet, fully renewable mobile energy solutions to products in construction equipment, waste disposal, last-mile delivery, and other portable industrial markets. Through its subsidiary, Volta Energy Products, Viridi brings stationary, point-of-use storage technology that is safe, locatable, and reliable to industrial, medical, commercial, municipal, and residential building applications. Learn more at: www.viridiparente.com.
About Alberici
Alberici is a leading North American construction company serving the civil, energy, building, healthcare, heavy industrial, manufacturing, water/wastewater, and automotive industries. Founded in 1918 in St. Louis, Alberici is a recognized leader in the construction industry focused on providing clients with rock-solid reliability, the highest standards of quality and safety and innovative solutions for the most complex building needs. Alberici is ranked the 30th largest builder (Engineering News-Record, May 2021) with annual revenues exceeding $2.6 billion. With approximately 3,500 salaried employees and craft professionals, the firm is headquartered in St. Louis with offices throughout North America. More information about the company is available online at www.alberici.com or by following the company on Facebook, Twitter, LinkedIn and Instagram.
Media Contact:
Mercom Communications
Wendy Prabhu
Tel: 1-512-215-4452
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.