Designed and built by PowerFlex – an EDF Renewables Company, the system marks the first solar plus storage project in the country for Cox Communications
SAN DIEGO--(BUSINESS WIRE)--#cleanenergy--The solar photovoltaics and battery energy storage project built and serviced by PowerFlex - an EDF Renewables Company is now operating at Cox Communications’ corporate office in San Diego, reducing utility costs and improving sustainability at the Federal Blvd site.
As the first solar plus storage project in the country for Cox Communications, the integrated onsite battery storage, carport and roof-top solar installation combined are projected to offset more than 374 tons of carbon each year, contributing to the more than 657,000 tons of CO2 offset since 2007 by Cox Conserves, Cox Enterprise’s national sustainability program.
Sam Attisha, Senior Vice President and Chanelle Hawken, Vice President of Government and Public Affairs for Cox Communications recently hosted City of San Diego Councilmember Sean Elo-Rivera (District 9) and Councilmember Monica Montgomery-Steppe (District 4) for a tour of the new conservation system.
“I was impressed with Cox’s system at their Federal campus and inspired by the companywide commitment to sustainability,” said Councilmember Montgomery-Steppe.
“Cox Communications’ new energy system installation is a perfect example of the transition to our clean energy future. I look forward to seeing more of these systems installed with the roll-out of San Diego Community Power,” added Councilmember Elo-Rivera.
“Sustainability and driving positive environmental change are core to the way Cox does business. We’re excited our largest California facility is spearheading the use of solar power and battery storage to reduce our carbon footprint in the region,” said Attisha. “This solar project will generate almost 20% of the building energy usage and move us closer to our company’s goals to send zero waste to landfills by 2024 and to be carbon and water neutral by 2034.”
Solar reduces utility costs by decreasing energy consumption while the battery storage shifts the solar generation into the evening on-peak period of expensive power. The storage system will also be used to mitigate spikes in energy usage thereby lowering utility demand charges.
Michael Robinson, Director of Microgrids and Strategic Market Development at PowerFlex commented, “PowerFlex is proud to deliver an integrated solution to Cox Communications to reduce energy costs and lessen their carbon footprint. The project demonstrates PowerFlex’s comprehensive suite of flexible, turnkey solutions to transform any organization into a clean-energy facility.”
The integrated solar and battery energy storage system will employ EDF’s Energy Management System (EMS) using real-time data to perfectly orchestrate all components of the system for optimal results.
Cox has long been committed to renewables, as this project is just one of more than 40 on-site solar generation projects Cox implemented across the country. In addition to the goal of becoming carbon neutral by 2034, Cox also aims to be water neutral by 2034 and achieve its zero waste to landfill goal by 2024. So far, Cox has invested nearly $140 million in more than 400 projects to get there.
About PowerFlex:
PowerFlex delivers commercial and industrial customers a full range of turnkey clean energy solutions: solar, storage, smart EV charging, microgrids, and energy management systems. The Company was founded in 2017 by a Caltech research group who developed a patented Adaptive Load Management (ALM) technology to optimize power consumption across a large network of charging stations. PowerFlex Systems was acquired by EDF Renewables North America in 2019, and consolidated with EnterSolar, a leading commercial solar developer, in 2021 to expand its onsite solar offerings. For more information, visit www.powerflex.com. Connect with us on LinkedIn, Facebook and Twitter.
About Cox Communications
Cox Communications is committed to creating meaningful moments of human connection through technology. The largest private broadband company in America, we proudly serve six and a half million homes and businesses across 18 states. We're dedicated to empowering others to build a better future and celebrate diverse products, people, suppliers, communities, and the characteristics that make each one unique. Cox Communications is the largest division of Cox Enterprises, a family-owned business founded in 1898 by Governor James M. Cox.
Sandi Briner
PowerFlex – an EDF Renewables Company
858-521-3525 / This email address is being protected from spambots. You need JavaScript enabled to view it.
Charla Batey
Cox Communications
949-354-1787 / This email address is being protected from spambots. You need JavaScript enabled to view it.
DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that it will release its financial results for the second quarter 2021 after the market closes on Tuesday, July 27, 2021. Following the release, the Company will host a conference call to discuss the results at 8:00AM Mountain Time (10:00AM Eastern Time) on Wednesday, July 28, 2021. Presenting the Company’s results will be Chris Wright, Chief Executive Officer; Ron Gusek, President and Michael Stock, Chief Financial Officer.
Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Oilfield Services call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10148929. The replay will be available until August 4, 2021.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.
Michael Stock
Chief Financial Officer
303-515-2851
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Charge Ready is the largest utility-run electric passenger vehicle charging infrastructure program in the nation.
ROSEMEAD, Calif.--(BUSINESS WIRE)--Beginning today, businesses, government agencies and other organizations in Southern California will be able to sign up to participate in Southern California Edison’s Charge Ready program, the largest electric passenger vehicle charging infrastructure program in the nation run by an investor-owned electric utility company.
The $436-million program, approved by the state last year, will add approximately 38,000 new electric car chargers throughout SCE’s service area over the next five years.
Through Charge Ready, SCE installs and maintains the supporting EV charging infrastructure while site hosts, who are non-residential SCE customers, typically own, operate and maintain qualified charging stations.
“As SCE is preparing its electric grid to serve the increase in transportation electrification, more charging equipment is needed to give EV drivers and fleet operators the peace of mind that they will be able to charge whenever they want,” said Carter Prescott, SCE director of eMobility and Building Electrification. “Today, we are asking our customers to join with us to ensure that an effective framework is in place for a clean air future for our communities.”
The large-scale program introduced at a virtual event today is modeled after a much smaller pilot that concluded in May, in which SCE partnered with businesses, local governments and other organizations to add more than 2,700 charge ports at nearly 150 sites.
SCE will continue to focus on providing charging infrastructure at workplaces, public parking lots, schools, hospitals and destination centers, with an added emphasis on condominium and apartment complexes.
In the interest of making EV charging available to all Californians, Charge Ready sets a target to locate 50% of the chargers in state-designated disadvantaged communities, or economically-impacted communities that suffer most from the negative effects of air pollution.
In addition to Charge Ready for passenger EVs, SCE launched a program last year for larger trucks, buses and off-road industrial equipment called Charge Ready Transport, which aims to add charging to support at least 8,490 medium- and heavy-duty EVs over a five-year period. The $356 million program is also modeled after the Charge Ready pilot.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Media Contact: Paul Griffo (626) 302-2255
LONDON & HOUSTON--(BUSINESS WIRE)--Regulatory News:
EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project. The study will include innovative integration of equipment for the production and conditioning of green hydrogen and infrastructure that allows for its transportation to the coast. The goal is to create a unique concept that can be standardized and implemented worldwide, allowing for large-scale hydrogen production.
BEHYOND brings together global players in energy, EDP and TechnipFMC, with the CEiiA research center - Center for Engineering and Development, WavEC Offshore Renewables, and the University of South-Eastern Norway (USN). The joint development will allow the consortium partners to position themselves in the hydrogen value chain, developing new business models and creating engineering solutions, new products and services for the hydrogen sector, worldwide.
This consortium will strengthen cooperation between Portugal and Norway and increase Portugal's competitiveness in the growth of the “blue economy.” The BEHYOND project was selected for support by the Blue Growth Programme of the European Economic Area Financial Mechanism (EEA Grants).
EDP, through the participation of EDP NEW and EDP Inovação, is the project coordinator and the entity responsible for the implementation of several phases, namely the strategic evaluation of the offshore wind-to-hydrogen market, the definition of viable business cases and the technology roadmap to reach commercial maturity.
Each member of the consortium brings specific competences that are complementary:
“The BEHYOND project will allow EDP to acquire the required know-how to enter new markets with clear synergies with our core activities. Green hydrogen produced from renewables is likely to become a key lever in the world’s decarbonization effort while mitigating the variability of offshore renewables and enhancing energy system’s flexibility. But we need to act now, in collaboration with the best technology and R&D partners, to address all the main technical and business challenges. For this reason, we are very enthusiastic to partner with TechnipFMC, a leader in the offshore sector with a growing sustainability vision and demonstrated engineering expertise. Moreover, by leading the BEHYOND project, EDP is anticipating a key trend and preparing the company for the future of energy,” said Ana Paula Marques, executive board member of EDP.
Hydrogen is a strategic area in the global development of clean energies and in which EDP aims to invest worldwide. By leading the BEHYOND project, the company is anticipating, leading the key trend and contributing to a sustainable future.
Jonathan Landes, President, Subsea at TechnipFMC, said, “We have the skills and expertise to contribute value to this study from our decades of experience in subsea, as well as the knowledge we have built during our ongoing Deep Purple™ green hydrogen project. The BEHYOND study also fits with our longer-term ESG goals. The involvement of a company with EDP’s strong market position demonstrates the increased focus and interest in the evolution of offshore hydrogen technology, as well as its potential to help meet the world’s long-term energy needs.”
About hydrogen
Hydrogen will be central to the future of the energy sector, decarbonizing sectors that are hard to electrify while mitigating the technical and economic impacts of intermittent renewable energy. These aspects will both be crucial to achieving the zero-emission social target. According to the European Hydrogen Strategy, the need for green hydrogen production in Europe will grow substantially and could account for 24% of energy demand in 2050, which will require the large-scale development of hydrogen-producing renewable energies solutions, both domestically and offshore. In this context, the production of offshore hydrogen has aroused more and more interest as a solution able to take advantage of natural resources, such as the abundant wind on the high seas, thus mitigating congestion on the electricity grid on land and providing a more economical means of transportation to the land.
NOTES FOR EDITORS
About EDP
EDP (listed in Euronext Lisbon) is a Portuguese integrated energy utility employing more than 10.000 people, with a global presence in a total of 19 countries. EDP is a major multinational energy company, producing, distributing, trading and selling energy (electricity and gas) worldwide. EDP has become a reference in renewable energy sector through EDP Renewables and is one of the largest wind energy operators.
EDP NEW - Center for New Energy Technologies, founded in 2014, is a subsidiary of the EDP Group dedicated to research and development in the energy sector. Its mission is to create possibilities to lead the energy transition, with a strong focus in technology demonstration projects funded through competitive R&D programmes notably Horizon 2020. EDP NEW is organized in 5 knowledge areas each representing a future innovation pillar for the EDP Group: Interoperable Smart Energy Grids, Positive Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. For further information, please visit https://www.edp.com/en/edp-new#about-us
EDP Inovação S.A. is a fully owned subsidiary of the EDP Group and has the mission to promote value-adding innovation across the energy value chain. EDP Inovação promotes technology demonstration projects and venture capital investments in the clean energy area.
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 are 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.
Important Information for TechnipFMC Investors and Securityholders
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 WavEC
WavEC is a Portuguese non-for-profit Expert Consultant with a strong R&D background in marine renewable energy with an offer structured in six areas: complex systems engineering, environmental monitoring & impact assessment, strategy & policy advise, offshore logistics & infrastructures, instrumentation & data acquisition, site & project development.
WavEC is a co-founder and member of the Board of Ocean Energy Europe and provides the Management of the IEA’s Ocean Energy Systems (OES).
WavEC has developed over 30 EU funded R&D projects in the last 10 years and has coordinated 6 of these and has provided services to more than 30 international companies in the same period in its areas of operation.
For further information, please visit www.wavec.org
About CEiiA
CEiiA is a Portuguese non-for-profit Product Development and Engineering Center created to contribute to a new model of economic and social development based on high added value products and services developed in Portugal. CEiiA employs about 250 engineers that develop and operate products and services for the urban mobility, aeronautics, and ocean & space sectors.
CEiiA’s expertise is based on mechanical design and engineering, aerodynamics, electronics, software development and systems integration, as well as prototyping and testing. In the ocean sector, CEiiA has been developing projects in the area of underwater robotics, marine structures and control systems for aquaculture as well as digital solutions for science and industrial applications.
CEiiA supports the United Nations Global Compact being a founder of the UN Sustainable Ocean Business Platform and an active member in the implementation of the SDGs.
For further information, please visit www.ceiia.com
About USN
University of South-Eastern Norway (USN) is the fourth largest university in Norway. The University is based at eight campus located in South Eastern Norway. USN’s ambition is to contribute to research-based developments in working life and society. The Systems Engineering Industry Master program at Campus Kongsberg offers expertise in development of complex systems and systems of systems. The students work 50% at a company while they are enrolled in the program. This allows the students to apply the Systems Engineering methods in their professional environment. More than 170 students have graduated from the program since the start in 2006.
FINANCING
About EEA GRANTS
Through the European Economic Area (EEA) Agreement, Iceland, Liechtenstein and Norway are partners, in the internal market, of the Member States of the European Union.
As a way of promoting a continuous and balanced strengthening of the economic and trade relations, the parties of the European Economic Area Agreement have established a Multiannual Financial Mechanism, known as the EEA Grants.
The EEA Grants aim to reduce social and economic disparities in Europe and to strengthen bilateral relations between these three countries and the beneficiary countries.
For the 2014-2021 period, a total contribution of €2.8 billion has been committed to 15 beneficiary countries. Portugal will benefit from a budget of €102.7 million.
For further information, please visit: eeagrants.gov.pt
Category: UK regulatory
For EDP
Ana Margarida Dias
Energias de Portugal sa Media
Tel: +351 935055073
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Alex Coronati
Project Manager
Tel: +351 910423644
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For TechnipFMC
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
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James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
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Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
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Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
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For WavEC
Janete Gonçalves
Communications Manager
Tel: +351 938 758 336
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Joe Cunningham to Serve as Vice President
PITTSBURGH--(BUSINESS WIRE)--GW Ridge, LLC (Ridge), an energy infrastructure solutions provider, announced today the promotion of Joe Cunningham to Vice President of Business Development.
Mr. Cunningham has more than 9 years of experience in cultivating strong relationships with oil and gas industry executives. His areas of expertise include new business development, networking and lead generation, strategic alliances, and sales and marketing campaigns.
Prior to joining Ridge, Joe gained proficiency growing and leading high-performance sales teams for BOLT. He is a graduate of Potomac State College in West Virginia and received training from Dale Carnegie on effective communication and human relations. His key achievements include generating new business opportunities to increase revenue, ramping up productivity in business, and creating and maintaining meaningful business relationships.
Joe has been with Ridge since 2019 where he has since initiated and created countless relationships with clients, as well as generated millions of dollars in sales. He has ensured constant communication with clients to build successful customer relations, maintained company growth, and brought in nonstop revenue for all company divisions. He continues to establish new relationships with Oil & Gas and Renewable Energy companies.
Justin Ballard, COO, states, “Joe has played a huge part in the success of this company. His dedication to Ridge has placed us in front of more customers than we could have ever imagined. Joe’s personality and love of his job is contagious and a major reason why the employees who work around him love coming to work every day. I know Joe will continue to work hard in his new role with our company and play a major role in our future success.”
About GW Ridge, LLC (Ridge)
Ridge is an energy infrastructure solutions provider founded by industry experts using a revolutionary approach designed around partnership and transparency. By creating partnerships, Ridge drives down project costs, produces modernized solutions, improves forecasting, and grants full transparency. Ridge - A new way to midstream. For more information, visit www.gwridge.com.
Kelli Hardin
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724-760-7100
gwridge.com
HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its second quarter 2021 earnings release after market close on Wednesday, July 28, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, July 29, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (833) 665-0603. International parties may dial (929) 517-0394. The access code is 1488997. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.
An archived webcast of the conference call will be available on the Company’s website shortly after the end of the call.
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, Marcellus, Utica, Haynesville, Eagle Ford, Bakken and SCOOP/STACK, among other areas, and in Eastern Australia.
Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable October 1, 2021 to shareholders of record at the close of business on September 3, 2021.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Investor Contact:
Patricia Cosgel
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203.499.2624
HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its second quarter 2021 earnings conference call for Thursday, August 5, 2021 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended June 30, 2021, which are expected to be released prior to the conference call.
Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the “Nine Energy Service Earnings Call.” Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.
For those who cannot listen to the live call, a telephonic replay of the call will be available through August 19, 2021 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and entering the passcode of 13721401.
About Nine Energy Service
Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.
For more information on the Company, please visit Nine’s website at nineenergyservice.com.
Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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Oregon Wildfire Threatening Energy Imports to California as Heat Wave Continues to Drive Up Energy Demand
Simple Actions Reduce the Strain on the Grid: Pre-cool Your Home Now, and Avoid Energy-Intensive Tasks this Afternoon
SAN FRANCISCO--(BUSINESS WIRE)--With electric transmission lines from Oregon still threatened due to the fast-growing Bootleg Fire and continued hot temperatures in California and throughout the West, the state’s grid operator has issued a Flex Alert for today (Monday, July 12), asking for voluntary conservation from 4-9 p.m.
Californians who conserve energy this afternoon and evening will help stabilize the state’s electric grid and help respond to the uncertainty caused by the heat and the Oregon fire, says the California Independent System Operator (CAISO).
The grid operator’s statewide Flex Alert for Monday asks all Californians to work together and conserve electricity.
The grid operator noted that when Flex Alerts were called on Friday and Saturday, Pacific Gas and Electric Company (PG&E) customers and other Californians significantly reduced their energy use. That allowed the grid operator to avoid or limit possible rotating power outages that can become necessary when demand for electricity outstrips capacity.
The Bootleg Fire more than tripled in size over the weekend. It caused transmission lines to trip off on Friday and again Saturday, limiting electricity flow from the Pacific Northwest to California and other states. Power supplies to the CAISO’s service territory, which covers about 80 percent of the state, have been reduced by as much as 3,500 megawatts because of the fire.
Daytime highs will reach the 108 to 113 degrees today in the hottest Central Valley locations such as Redding, Fresno and Bakersfield, according to PG&E meteorologists. An Excessive Heat Warning issued by the National Weather Service remains in effect across much of the Central Valley and adjacent foothills through tomorrow evening.
Saving energy at home
Here are ways PG&E customers can cut their power use and help keep the lights (and air conditioning) on for everyone:
PG&E’s Demand Response programs offer incentives for business owners and residential customers who curtail their energy use during times of peak demand. PG&E has several of these programs, totaling about 261,000 enrolled PG&E customers.
PG&E’s website includes detailed information on these programs, which allow residential customers and business customers to save energy and money.
PG&E is prepared for this extreme heat and, based on forecasts, doesn’t anticipate issues meeting increased demand for power.
Also, at this time, the grid operator has not indicated that it plans to call for rotating outages. PG&E does not project a need for a Public Safety Power Shutoff due to this weather, but the company’s meteorology team will continuously monitor conditions.
PG&E also urges customers to stay safe during this heat wave. The company funds cooling centers throughout its service area to help customers escape the heat and cool off. To find a center near you click here or call 1-877-474-3266.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
ST. CROIX, U.S. Virgin Islands--(BUSINESS WIRE)--Limetree Bay Refining, LLC and several of its affiliates (collectively, “Limetree Bay” or the “Company”) today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Court”). Limetree Bay intends to use the Chapter 11 process to engage in discussions with its lenders, creditors, equity owners and others to evaluate options to maximize the value of the estate and recoveries for stakeholders, including exploring a potential sale of its assets.
Limetree Bay has received commitments for up to $25 million in new debtor-in-possession financing that, upon court approval, is expected to provide sufficient liquidity to meet ongoing business obligations related to the maintenance of the refinery during the Chapter 11 process.
The Chapter 11 filing was necessitated in part by the recent temporary suspension of Limetree Bay’s petroleum refining and processing operations on May 12, 2021 and the indefinite suspension of its plans to restart the refinery due to severe regulatory and financial constraints. Given the uncertainty related to the restart of production and commercial sales of refined products, the Company believes filing voluntary petitions under Chapter 11 is the most prudent course of action. It is expected that management will continue to be responsible for handling the care and maintenance of the refinery and all other necessary day-to-day operations throughout this process.
"We are extremely grateful to our investors, employees and business partners for standing by us through the restart process and these uncertain times,” said Jeff Rinker, Limetree Bay’s CEO. “Severe financial and regulatory constraints have left us no choice but to pursue this path, after careful consideration of all alternatives. The Chapter 11 process provides Limetree with the clearest path to maximize the value of our estate for our stakeholders while safely preparing the refinery for an extended shutdown.”
The parent of the Company expects to continue operations at its oil storage terminal business.
Baker Hostetler is acting as legal counsel for the Company and B. Riley Financial Inc. has been retained as restructuring advisor.
The Company intends to provide further updates on the Chapter 11 proceedings when there are significant developments.
About Limetree Bay Refining
Limetree Bay Refining, LLC, restarted operations in February 2021, and is capable of processing around 200,000 barrels per day. Key restart work at the site began in 2018, including the 62,000 barrels per day modern, delayed Coker unit, extensive desulfurization capacity, and a reformer unit to produce clean, low-sulfur transportation fuels. The restart project provided much needed economic development in the U.S.V.I. and created more than 4,000 construction jobs at its peak.
Sard Verbinnen & Co.
Kelly Kimberly / Brandon Messina
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HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE:HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, July 28, 2021 at 12:00 p.m. Eastern Time to discuss its second quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 7419849 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 7419849. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.
A replay of the conference call will be available from July 28, 2021 through Aug 12, 2021, by dialing 855-859-2056 and entering the passcode 7419849. Outside the United States, parties should dial 404-537-3406 and enter the passcode 7419849.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investors:
Jennifer Gordon
(212) 536-8244
Media:
Robert Young
(713) 496-6076
MINNEAPOLIS--(BUSINESS WIRE)--#impactinvesting--North Sky Capital (“North Sky”), a pioneer in impact investing, is pleased to announce that Ms. Ying Lucy Fan has joined the firm as Vice President.
“We’ve known Lucy for many years and are delighted to welcome her to the North Sky team,” said Scott Barrington, North Sky’s Chief Executive Officer. “She brings considerable expertise in sustainable infrastructure investing, most recently in battery storage project development.”
Lucy joins North Sky from Peak Power, an Ontario‐based battery storage developer where she has served as Director Commercial Operations and Transactions since 2018. Previously, she was a Senior Associate at New Energy Capital, where she worked for more than four years with Adam Bernstein, who is now North Sky’s head of sustainable infrastructure. While at NEC, Lucy and Adam acted as sub‐advisors to North Sky’s 2010 and 2015 vintage infrastructure funds.
“We’re thrilled to be working again with Lucy,” said Adam Bernstein. “She brings a highly specialized skill set of development, operating and investing experience relevant to our specific middle market infrastructure sector.”
Lucy previously worked closely with Adam and North Sky Managing Director Mike Pohlen on the firm’s highly successful investment in FLS Energy. Dale Freudenberger, who served as CEO of FLS Energy, joined North Sky in March as Operating Partner.
“I am excited to be working again with Adam, Dale, Mike and the rest of the North Sky team,” said Lucy, who holds a BA in Chemical Engineering from the Massachusetts Institute of Technology. “I am eager to add my recent experience with battery storage project development to the firm’s expertise in investing in middle market clean energy, waste and water infrastructure projects.”
About North Sky Capital
North Sky Capital is a pioneer in impact investing in the United States. Now in its 21st year, North Sky has deployed more than $1 billion across more than 120 impact investments on behalf of its nine impact funds. The Firm’s active investment strategies focus on impact private equity (secondary strategy) and sustainable infrastructure (direct strategy) investments that support positive environmental and social impact while targeting market rate investment returns. Since 2010, North Sky’s sustainable infrastructure funds have deployed approximately $630 million in 33 middle market infrastructure investments across the clean energy, waste and water sectors in North America. Based in Minneapolis with additional offices in Boston and New York, North Sky is one of the most active impact investment managers. For more information, visit www.northskycapital.com.
Media:
Christina Drexler
BackBay Communications
(617) 391‐0774
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ST. MARYS, W.Va.--(BUSINESS WIRE)--West Virginia Methanol, Inc., today announced that the State of West Virginia’s Department of Environmental Protection has issued the minor source air permit for the construction of the Pleasants County Methanol Plant. This plant will be the flagship plant of West Virginia Methanol’s plans to build additional units throughout the world with low feedstock costs near methanol customers’ facilities.
“The issuance of the air permit is a major milestone in the development of the Pleasants County project,” said Lars Scott, Executive Vice President of West Virginia Methanol. “West Virginia’s abundant supply of natural gas provides a clean feedstock for the project and methanol customers in the region will benefit from lower transportation costs.”
The Pleasants County Methanol Plant will utilize Haldor Topsoe’s MeOH-To-Go™ technology in collaboration with Modular Plant Solutions to convert natural gas to methanol. Haldor Topsoe provides a proven methanol technology and Modular Plant Solutions brings the modular design for the plant, which is fabricated off-site and transported to the site, ensuring minimized on-site construction, shorter commissioning time and savings on upfront capital costs compared to that of world-scale plants. Haldor Topsoe is a world-leader in methanol process technology with over 40 licensed methanol plants around the world.
Methanol is an essential building block for thousands of products and a clean burning liquid fuel alternative. The resins, adhesives, plastics, paints and other products that require methanol as an ingredient are then used to produce things like electric vehicles, charging stations, wind turbine blades, yoga pants, cell phones and space vehicles, just to name a few. As a fuel, methanol is currently reducing global emissions through its use in cars, trucks, buses, ships, fuel cells, boilers and cook stoves.
About West Virginia Methanol:
West Virginia Methanol is a developer of small to mid-size methanol projects in areas with strategic advantages.
About Haldor Topsoe:
Haldor Topsoe is a global leader in supply of catalysts, technology, and services to the chemical and refining industries. Topsoe aims to be the global leader within carbon emission reduction technologies by 2024. By perfecting chemistry for a better world, we enable our customers to succeed in the transition towards renewable energy. Topsoe is headquartered in Denmark and serves customers around the globe. In 2020, our revenue was approximately DKK 6.2 billion, and we employ around 2,100 employees.
West Virginia Methanol
Lars Scott, Executive Vice President
Phone: (304) 973-7260
www.westvirginiamethanol.com
Haldor Topsoe
Svend Ravn, Director, Global Communications, Haldor Topsoe
+45 22 75 43 58
Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.topsoe.com
DUBLIN--(BUSINESS WIRE)--The "Global BCD Power IC Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The BCD power IC market is poised to grow by $ 8.82 billion during 2021-2025, progressing at a CAGR of about 5%
The market is driven by the growth in smart home and smart grid technology and the proliferation of smartphones and tablets.
The report on the BCD power IC 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 BCD power IC market analysis includes the end-user segment and geographic landscape.
This study identifies the energy-efficient devices gaining traction on a global scale as one of the prime reasons driving the BCD power IC market growth during the next few years.
The publisher's 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 BCD power IC market vendors that include China Resources Power Holdings Co. Ltd., Diodes Inc., GLOBALFOUNDRIES US Inc., Hua Hong Semiconductor Ltd., Infineon Technologies AG, Inomize Ltd., MagnaChip Semiconductor Corp., Maxim Integrated Products Inc., NXP Semiconductors NV, and United Microelectronics Corp.
Also, the BCD power IC 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 End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/hxaum8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its second-quarter 2021 financial results after the market closes on Monday, Aug. 2, 2021.
The company’s second-quarter 2021 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Aug. 3, 2021, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
Participants who wish to join the call by phone must register using the following link: http://www.directeventreg.com/registration/event/9217437
A webcast link to the conference call will be provided on Williams’ website. A replay of the webcast will be available on the website for at least 90 days following the event.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
Technology will provide up to up to 100 hours of long-term energy storage for up to 135 megawatts of power generation
AKRON, Ohio--(BUSINESS WIRE)--$BW #energystorage--Babcock & Wilcox ("B&W") (NYSE: BW) and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) have signed an Intellectual Property Option Agreement that gives B&W field-limited exclusive rights to negotiate a licensing agreement that would allow it to market an advanced, particle-based thermal energy storage technology currently in development.
B&W is part of NREL’s Duration Addition to electricitY Storage (DAYS) Advanced Research Projects Agency-Energy (ARPA-E) team, which is developing an innovative electric particle heater, pressurized fluidized-bed heat exchanger, a long-term thermal energy storage system that stores energy up to 100 hours, and other technologies to allow power producers to store solar or wind energy to generate continuous, reliable, grid-scale power. B&W’s proven and established pressurized fluidized-bed boiler technology is an ideal choice for advancing this technology to commercial operations.
“High-capacity, long-term energy storage is essential for renewable energy sources such as solar and wind power to become widespread, baseload power options,” said B&W Chairman and Chief Executive Officer Kenny Young. “B&W’s fluidized-bed heat exchanger will be able to generate up to 135 megawatts of power for up to 100 hours (four days) from stored clean thermal energy with zero CO2 emissions. By facilitating long-term storage of zero-carbon, renewable energy, this technology enables power producers to deliver power to the grid 24-hours a day, including during periods of peak demand, or when solar or wind are not optimal conditions.”
“We see tremendous global commercial applications for our fluidized-bed heat exchanger and are pleased to have the opportunity to negotiate a licensing agreement with NREL and expand B&W’s technology for use in new, innovative energy storage platforms,” Young said.
B&W and NREL are also engaged in discussions to develop a prototype heat exchanger that can be scaled-up for a pilot demonstration as part of NREL’s Economic Long-Duration Electricity Storage Using Low-Cost Thermal Energy Storage and a High-Efficiency Power Cycle (ENDURING) project.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to an intellectual property option agreement between B&W and U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) that gives B&W exclusive rights to negotiate a licensing agreement and to market an advanced, particle-based thermal energy storage technology currently in development. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
CANONSBURG, Pa.--(BUSINESS WIRE)--Mountain Valley Pipeline, LLC (Mountain Valley), today announced plans that would make it one of the first interstate natural gas transmission pipelines to acquire carbon offsets for its operational emissions. Spanning approximately 303 miles across West Virginia and Virginia, Mountain Valley Pipeline (MVP) was designed to provide cost-effective access to natural gas for use by local distribution companies, industrial users, and power generation facilities in the growing demand markets of the mid-Atlantic and Southeast regions of the United States. With total project work largely complete, MVP is awaiting approval for the remaining construction permits and anticipates utilizing up to 4,000 workers, of which nearly 90% would be represented by union labor, to complete construction and finalize restoration of the right-of-way.
“We understand the sensitivities that surround the blending of large-scale infrastructure projects with environmental protection,” said Diana Charletta, president and chief operating officer of Equitrans Midstream Corporation, operator of MVP. “Equitrans Midstream is committed to aggressively pursuing climate change mitigation and adaptation while also balancing the immediate and increasing need for energy in our country. Today’s announcement represents our team’s latest effort to reduce industry methane emissions and achieve our corporate goal of Net Zero Carbon by 2050.”
Under the plan, Mountain Valley would purchase carbon offsets to make MVP’s operational emissions carbon neutral for the first 10 years of service. These emissions are often referred to as Scope 1 and Scope 2 emissions and include carbon dioxide from engines used to drive compressor stations; methane released during operation; and maintenance of the pipeline, as well as carbon dioxide resulting from generation of purchased electricity. Verified by independent auditors, the offsets are measured in metric tons of carbon-dioxide equivalent and are an important tool for reducing emissions, while balancing the public need for natural gas as an affordable, reliable energy source.
The cornerstone of this plan includes a Virginia methane abatement project, by which Mountain Valley would purchase carbon offsets that are expected to be equivalent to 90% of the greenhouse gas emissions associated with MVP’s operations over a 10-year period. MVP is also pursuing additional greenhouse gas abatement projects in West Virginia, including a substantial effort to address abandoned and orphaned gas wells that are expected to achieve carbon offsets of an additional 10% or more.
Once MVP is placed in-service, Mountain Valley expects to purchase more than $150 million of carbon offsets during its initial 10 years of operations. Through an agreement with a subsidiary of NextEra Energy Resources, the world’s largest generator of renewable energy from the wind and sun, these carbon offsets will be sourced through a methane abatement project in Virginia that is expected to be the largest operating coal mine methane abatement project in the world when it reaches full production in 2023.
The methane abatement project, located at a mine in southwest Virginia near the West Virginia border, will be constructed in phases, with the first phase anticipated to come online in the summer of 2022 and phase two in the spring of 2023. Current mining operations at this facility vent allowable emissions of methane into the atmosphere. The methane abatement project will use an onsite regenerative thermal oxidizer, which will capture methane from the mine and convert it into carbon dioxide and water vapor to significantly reduce climate impact. Upon completion, the Virginia methane abatement project is expected to reduce statewide underground coal mining emissions by approximately 25%.
“Once completed, the methane abatement project is expected to be the largest of its kind in the world,” said Matt Schafer, vice president, Interstate Pipelines, for NextEra Energy Resources. “MVP’s methane abatement plans will bring significant environmental benefits to the Commonwealth of Virginia and the state of West Virginia. Aside from the construction jobs needed to complete the final portion of MVP, most of which we expect to be union jobs, we are also thrilled that our methane abatement project will create additional construction jobs for the region.”
The carbon credits will be verified annually and registered with the nonprofit American Carbon Registry, the first private voluntary greenhouse gas registry in the world. This annual verification and registration will assure compliance with California Air Resources Board standards, which are widely regarded as the most rigorous offset standards in the market today.
In May 2021, the United Nations (UN) released a report on the benefits and costs of mitigating methane emissions.1 The UN urged quick action to reduce global methane emissions stating that “fast and ambitious methane mitigation is one of the best strategies available today to deliver immediate and long-lasting multiple benefits for climate, agriculture, human, and ecosystem health.” Coal mine methane management was cited in the report as one of many strategies utilized to reduce methane emissions.
Upon full implementation of its carbon offset plan, MVP would become one of the nation’s first, large-scale, interstate natural gas transmission pipelines to achieve carbon neutrality for operational emissions. Mountain Valley continues to expand its environmental stewardship and conservation efforts in Virginia and West Virginia and is actively exploring additional strategies for reducing greenhouse gas emissions and protecting sensitive resources, while simultaneously meeting our nation’s critical energy needs.
About Mountain Valley Pipeline
The Mountain Valley Pipeline (MVP) is a proposed underground, interstate natural gas pipeline system that spans approximately 303 miles from northwestern West Virginia to southern Virginia. Subject to approval and regulatory oversight by the Federal Energy Regulatory Commission, the MVP will be constructed and owned by Mountain Valley Pipeline, LLC – a joint venture of Equitrans Midstream Corporation; NextEra Capital Holdings, Inc.; Con Edison Transmission, Inc.; WGL Sustainable Energy LLC; and RGC Midstream, LLC. The MVP was designed to transport clean-burning natural gas from the prolific Marcellus and Utica shale regions to the growing demand markets in the Mid-Atlantic and Southeast areas of the United States. Equitrans Midstream, primary interest owner, will operate the pipeline. From planning and development to construction and in-service operations – MVP is dedicated to the safety of its communities, employees, and contractors, and to the preservation and protection of the environment.
Visit www.mountainvalleypipeline.info
Cautionary Statements
Disclosures in this news release contain certain forward-looking statements that do not relate strictly to historical or current facts and are forward looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include the expectations of the anticipated timing for completing and bringing to full production the methane abatement project discussed in this news release and ultimate size and scope of such project; the ability of the methane abatement project to generate carbon credits; the progress on construction of the Mountain Valley Pipeline (MVP) and anticipated timing for, and likelihood of, resuming construction activities and completing the MVP; the amount of carbon credits ultimately acquired for purposes of the MVP and sources therefor and duration of the period for which carbon credits are acquired; the ability of Mountain Valley Pipeline, LLC to source offsets other than from the methane abatement project; employment statistics; the ability of Equitrans Midstream Corporation to achieve its goals of mitigating methane emissions and Net Zero Carbon by 2050; the ultimate amount of statewide underground coal mine emissions reduced as a result of carbon offsets purchased from the methane abatement project and the realization of any other environmental benefits; and Mountain Valley Pipeline, LLC’s efforts related to conservation and environmental protection.
The forward-looking statements included in this news release are subject to risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Mountain Valley Pipeline, LLC has based these forward-looking statements on current expectations and assumptions about future events. While Mountain Valley Pipeline, LLC considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, most of which are difficult to predict and are beyond its control. The risks and uncertainties that may affect the operations, performance, and results of Mountain Valley Pipeline, LLC and the methane abatement project and forward-looking statements include, but are not limited to:
The respective business, financial condition, results of operations and prospects for Mountain Valley Pipeline, LLC and the methane abatement project could suffer if Mountain Valley Pipeline, LLC or the methane abatement project developer, as applicable, do not proceed with projects under development or are unable to complete the construction of, or capital improvements to, their respective facilities and assets on schedule or within budget.
The ability to complete construction of, and capital improvements to, facilities on schedule and within budget may be adversely affected by escalations in costs for materials and labor and regulatory compliance, inability to obtain or renew necessary licenses, rights-of-way, permits or other approvals on acceptable terms or on schedule, disputes involving contractors, labor organizations, land owners, governmental entities, environmental groups, Native American and aboriginal groups, and other third parties, negative publicity, transmission interconnection issues, adverse weather conditions and other factors. Mountain Valley Pipeline, LLC may face risks related to project siting, financing, construction, permitting, governmental approvals and the negotiation of project development agreements that may impede its development and operating activities.
Mountain Valley Pipeline, LLC’s gas infrastructure facilities and other facilities are subject to many operational risks. Operational risks could result in, among other things, lost revenues due to prolonged outages, increased expenses due to monetary penalties or fines for compliance failures, liability to third parties for property and personal injury damage, a failure to perform under applicable sales agreements and associated loss of revenues from terminated agreements or liability for liquidated damages under continuing agreements. The consequences of these risks could have a material adverse effect on Mountain Valley Pipeline, LLC’s business, financial condition, results of operations and prospects. The methane abatement project is similarly subject to operational risks which could affect its ability to generate (or timing for generating) carbon credits.
Uncertainties and risks inherent in operating and maintaining Mountain Valley Pipeline, LLC's facilities and the methane abatement project include, but are not limited to, risks associated with facility start-up operations, such as whether the facilities will achieve projected operating performance on schedule and otherwise as planned.
Mountain Valley Pipeline, LLC’s and the methane abatement project’s respective business, financial condition, results of operations and prospects can be materially adversely affected by weather conditions, including, but not limited to, the impact of severe weather, as well as terrorism (or threats thereof) and catastrophic events resulting from terrorism, cyber-attacks or sabotage.
Source: Equitrans Midstream Corporation
1 Global Methane Assessment: Benefits and Costs of Mitigating Methane Emissions, May 6, 2021, Available at https://www.unep.org/resources/report/global-methane-assessment-benefits-and-costs-mitigating-methane-emissions
Mountain Valley Pipeline media inquiries:
Natalie A. Cox
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DUBLIN--(BUSINESS WIRE)--The "Global Cargo Shipping Transportation Market, By Cargo Type (Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo and Others), By Industry (Oil & Gas, Ores, Manufacturing, Food, and Others), By Region, Competition Forecast & Opportunities, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
The Global Cargo Shipping Transportation Market stood at USD157.49 billion by value in 2020 and is forecast to grow at a CAGR of 5.87% until 2026, owing to the rising imports and exports of liquid, dry, general, and container cargo trade in the Asia Pacific & Middle East countries like India and Brazil.
On the basis of Cargo Type, the market can be bifurcated into Bulk Cargo, Oil & gas and Liquid Cargo, Container Cargo, General Cargo and Others. Bulk cargo accounted for share of 41.12% in 2020 and the segment is expected to maintain its market dominance during the forecast period, owing to the rebound in economies after the opening of country wise lockdowns.
Moreover, rapid urbanization and industrialization are likely to propel the demand for bulk cargo shipping. Growing infrastructure development, which requires significant use of steel products and iron ore, is also the key factor driving the bulk cargo segment.
Based on Industry, the market can be segmented into Oil & Gas, Ores, Manufacturing, Food, Electrical and Electronics and Others. Oil & Gas segment accounts for the largest market share due to crude oil, refined petroleum products and gas, which continued to grow amid a surplus in oil market supply and low oil prices.
Total seaborne trade volumes of oil tanker trade reached 3.1 billion tons in 2019 indicating a continuous increase over the previous years. Oil imports have continued at a steady rate in order to increase the inventory for crude oil and refined oil products. Such positive trends were supported by strong demand for crude oil imports in China, India and the United States and large quantities of exported petroleum products from India and China
Asia Pacific is estimated to be the largest market owing to the increasing infrastructural development activities and rising urbanization and industrialization in the region. Moreover, increasing investments in the manufacturing and trade industry in the region is expected to positively influence the market.
China holds the largest market share followed by South Korea and Japan, however, the market in India is expected to grow at the highest CAGR in the region.
Competitive Landscape
Some of the major players in the Global Cargo Shipping Transportation Market include
Years considered for this report:
Key Target Audience:
Report Scope:
Global Cargo Shipping Transportation Market, By Cargo Type:
Global Cargo Shipping Transportation Market, By Industry:
Global Cargo Shipping Transportation Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/gic8oh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON & HOUSTON--(BUSINESS WIRE)--EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project. The study will include innovative integration of equipment for the production and conditioning of green hydrogen and infrastructure that allows for its transportation to the coast. The goal is to create a unique concept that can be standardized and implemented worldwide, allowing for large-scale hydrogen production.
BEHYOND brings together global players in energy, EDP and TechnipFMC, with the CEiiA research center - Center for Engineering and Development, WavEC Offshore Renewables, and the University of South-Eastern Norway (USN). The joint development will allow the consortium partners to position themselves in the hydrogen value chain, developing new business models and creating engineering solutions, new products and services for the hydrogen sector, worldwide.
This consortium will strengthen cooperation between Portugal and Norway and increase Portugal's competitiveness in the growth of the “blue economy.” The BEHYOND project was selected for support by the Blue Growth Programme of the European Economic Area Financial Mechanism (EEA Grants).
EDP, through the participation of EDP NEW and EDP Inovação, is the project coordinator and the entity responsible for the implementation of several phases, namely the strategic evaluation of the offshore wind-to-hydrogen market, the definition of viable business cases and the technology roadmap to reach commercial maturity.
Each member of the consortium brings specific competences that are complementary:
“The BEHYOND project will allow EDP to acquire the required know-how to enter new markets with clear synergies with our core activities. Green hydrogen produced from renewables is likely to become a key lever in the world’s decarbonization effort while mitigating the variability of offshore renewables and enhancing energy system’s flexibility. But we need to act now, in collaboration with the best technology and R&D partners, to address all the main technical and business challenges. For this reason, we are very enthusiastic to partner with TechnipFMC, a leader in the offshore sector with a growing sustainability vision and demonstrated engineering expertise. Moreover, by leading the BEHYOND project, EDP is anticipating a key trend and preparing the company for the future of energy,” said Ana Paula Marques, executive board member of EDP.
Hydrogen is a strategic area in the global development of clean energies and in which EDP aims to invest worldwide. By leading the BEHYOND project, the company is anticipating, leading the key trend and contributing to a sustainable future.
Jonathan Landes, President, Subsea at TechnipFMC, said, “We have the skills and expertise to contribute value to this study from our decades of experience in subsea, as well as the knowledge we have built during our ongoing Deep Purple™ green hydrogen project. The BEHYOND study also fits with our longer-term ESG goals. The involvement of a company with EDP’s strong market position demonstrates the increased focus and interest in the evolution of offshore hydrogen technology, as well as its potential to help meet the world’s long-term energy needs.”
About hydrogen
Hydrogen will be central to the future of the energy sector, decarbonizing sectors that are hard to electrify while mitigating the technical and economic impacts of intermittent renewable energy. These aspects will both be crucial to achieving the zero-emission social target. According to the European Hydrogen Strategy, the need for green hydrogen production in Europe will grow substantially and could account for 24% of energy demand in 2050, which will require the large-scale development of hydrogen-producing renewable energies solutions, both domestically and offshore. In this context, the production of offshore hydrogen has aroused more and more interest as a solution able to take advantage of natural resources, such as the abundant wind on the high seas, thus mitigating congestion on the electricity grid on land and providing a more economical means of transportation to the land.
NOTES FOR EDITORS
About EDP
EDP (listed in Euronext Lisbon) is a Portuguese integrated energy utility employing more than 10.000 people, with a global presence in a total of 19 countries. EDP is a major multinational energy company, producing, distributing, trading and selling energy (electricity and gas) worldwide. EDP has become a reference in renewable energy sector through EDP Renewables and is one of the largest wind energy operators.
EDP NEW - Center for New Energy Technologies, founded in 2014, is a subsidiary of the EDP Group dedicated to research and development in the energy sector. Its mission is to create possibilities to lead the energy transition, with a strong focus in technology demonstration projects funded through competitive R&D programmes notably Horizon 2020. EDP NEW is organized in 5 knowledge areas each representing a future innovation pillar for the EDP Group: Interoperable Smart Energy Grids, Positive Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. For further information, please visit https://www.edp.com/en/edp-new#about-us
EDP Inovação S.A. is a fully owned subsidiary of the EDP Group and has the mission to promote value-adding innovation across the energy value chain. EDP Inovação promotes technology demonstration projects and venture capital investments in the clean energy area.
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 are 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.
Important Information for TechnipFMC Investors and Securityholders
Forward-Looking Statement
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About WavEC
WavEC is a Portuguese non-for-profit Expert Consultant with a strong R&D background in marine renewable energy with an offer structured in six areas: complex systems engineering, environmental monitoring & impact assessment, strategy & policy advise, offshore logistics & infrastructures, instrumentation & data acquisition, site & project development.
WavEC is a co-founder and member of the Board of Ocean Energy Europe and provides the Management of the IEA’s Ocean Energy Systems (OES).
WavEC has developed over 30 EU funded R&D projects in the last 10 years and has coordinated 6 of these and has provided services to more than 30 international companies in the same period in its areas of operation.
For further information, please visit www.wavec.org
About CEiiA
CEiiA is a Portuguese non-for-profit Product Development and Engineering Center created to contribute to a new model of economic and social development based on high added value products and services developed in Portugal. CEiiA employs about 250 engineers that develop and operate products and services for the urban mobility, aeronautics, and ocean & space sectors.
CEiiA’s expertise is based on mechanical design and engineering, aerodynamics, electronics, software development and systems integration, as well as prototyping and testing. In the ocean sector, CEiiA has been developing projects in the area of underwater robotics, marine structures and control systems for aquaculture as well as digital solutions for science and industrial applications.
CEiiA supports the United Nations Global Compact being a founder of the UN Sustainable Ocean Business Platform and an active member in the implementation of the SDGs.
For further information, please visit www.ceiia.com
About USN
University of South-Eastern Norway (USN) is the fourth largest university in Norway. The University is based at eight campus located in South Eastern Norway. USN’s ambition is to contribute to research-based developments in working life and society. The Systems Engineering Industry Master program at Campus Kongsberg offers expertise in development of complex systems and systems of systems. The students work 50% at a company while they are enrolled in the program. This allows the students to apply the Systems Engineering methods in their professional environment. More than 170 students have graduated from the program since the start in 2006.
FINANCING
About EEA GRANTS
Through the European Economic Area (EEA) Agreement, Iceland, Liechtenstein and Norway are partners, in the internal market, of the Member States of the European Union.
As a way of promoting a continuous and balanced strengthening of the economic and trade relations, the parties of the European Economic Area Agreement have established a Multiannual Financial Mechanism, known as the EEA Grants.
The EEA Grants aim to reduce social and economic disparities in Europe and to strengthen bilateral relations between these three countries and the beneficiary countries.
For the 2014-2021 period, a total contribution of €2.8 billion has been committed to 15 beneficiary countries. Portugal will benefit from a budget of €102.7 million.
For further information, please visit: eeagrants.gov.pt
For EDP
Ana Margarida Dias
Energias de Portugal sa Media
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Alex Coronati
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For TechnipFMC
Investor relations
Matt Seinsheimer
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James Davis
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Media relations
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For WavEC
Janete Gonçalves
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DUBLIN--(BUSINESS WIRE)--The "Global and China New Energy Vehicle Power Electronics Industry Report, 2021" report has been added to ResearchAndMarkets.com's offering.
As the electric vehicle market is developing rapidly, new energy vehicle power electronics see a lucrative development opportunity
According to EV Sales, the global electric vehicle sales volume soared by 249% year-on-year to 392,000 units in April 2021. As the electric vehicle market is developing rapidly, new energy vehicle power electronics see a lucrative development opportunity. New energy vehicle power electronics generally include motor controllers (including inverters) and automotive power supplies (automotive chargers and DC/DC).
I. Motor Controller Market
1. BYD leads the highly competitive motor controller market
Benefiting from the rapid development of China's local new energy vehicle brands, Chinese local motor controller vendors led by BYD have obvious advantages in the motor controller market. In 2020, BYD still ranked first with a market share of 13.6%; among the top 10 companies, 7 are Chinese local vendors, except two foreign companies Tesla and Nidec as well as UAES, a Sino-foreign joint venture.
2. Motor controllers are developing towards integration and high voltage
Electronic control is developing towards integration, and three-in-one drive system will become the mainstream
Motor controllers gradually develop from a single function to multi-functional integration, and the integration of motors and electronic control has become a major trend, among which three-in-one electric drive system will become the mainstream. In 2020, China's passenger car three-in-one electric drive system shipments exceeded 500,000 sets, accounting for about 37% of motor controller shipments.
At present, most companies still focus on two-in-one electric drive system, and companies including Bosch, BYD, Inovance, and JJE have launched three-in-one electric drive system. In 2020, Tesla, BYD, XPT and Nidec together accounted for 82.1% of the total sales volume.
The DriveONE three-in-one electric drive system launched by Huawei has the peak power density of 3kW/kg, marking the highest level in the industry, higher than Bosch eAxle which boasts 1.67 kW/kg. In the future, with the efforts of local vendors represented by Huawei and BYD, the gap between local companies and international vendors will gradually narrow.
Huawei's DriveONE Three-in-one Electric Drive System
SiC motor controllers are expected to replace IGBTs
As the core components of motor controllers, IGBT modules account for about 45% of the total cost. In 2020, the global new energy vehicle IGBT module market valued approximately USD850 million. However, high-priced automotive IGBT modules have severely compressed the profit margins of electronic control companies and even automakers.
Compared with silicon-based IGBT power devices, SiC power devices feature advantages such as smaller size, lower weight, higher power density, longer cruising range, less controller loss, better thermal conductivity, and higher temperature resistance. Therefore, vendors represented by Delphi and BYD have begun to deploy SiC motor controllers which are expected to replace IGBTs in the future.
II. Automotive Power Supply Market
In Chinese new energy vehicle power supply market, there are mainly four types of players:
Foreign-funded companies mainly target joint venture automakers, while local companies support independent brands. Thanks to the relatively higher sales volume of local new energy vehicles, local companies have a certain advantage in the automotive power supply market. In 2020, there were 6 local companies among the top 10 companies in Chinese new energy vehicle charger OBC market, with the combined market share of 66%.
At present, automotive power supply products are mainly developing towards integration, high power, and bidirectional style.
(1) Integration: By integrating DC/DC, OBC, motors, electronic control devices, etc., the space occupied by the automotive power supply can be reduced, the size of the circuit board, the assembly cost as well as the BOM and PCB cost can be lowered.
(2) High-power: With longer cruising range and higher electrified capacity of electric vehicles, high power like 10kW, 20kW or more will become the mainstream, which is mainly accomplished by the three-phase AC technology. At present, BYD and Shinry have already deployed in this field.
(3) Bidirectional style: Bidirectional DC/DC features high efficiency, small size, and low cost. At the same time, it can also output battery power to the outside, effectively improving power utilization. Two-way automotive chargers can output the electric energy of the battery to realize vehicle-to-vehicle, vehicle-to-load, and vehicle-to-grid charging.
Key Topics Covered:
1. Overview of Automotive Power Electronics
1.1 New Energy Vehicle Industry
1.1.1 New Energy Vehicle Development Plan by Country
1.1.2 New Energy Vehicle Development Plan of Automakers
1.1.3 New Energy Vehicle Sales
1.2 Overview of Automotive Power Electronics
1.2.1 Classification of Automotive Power Electronics
1.2.2 Power Supply Architecture of New Energy Vehicles
1.3 Motor Controllers
1.3.1 Classification
1.3.2 Key Performance Indicators
1.4 Automotive Power Supply
1.4.1 DC-DC Converters
1.4.2 Classification of DC-DC Converters
1.5 IGBT Market
1.5.1 IGBT for New Energy Vehicle Motor Controllers
1.5.2 Global New Energy Vehicle Semiconductor Power Device Market Size
1.5.3 Global IGBT Market Share
1.5.4 Distribution of IGBT Industry Chain Companies in China
1.5.5 Automotive IGBT Market Share in China
1.5.6 Comparison of New Energy Vehicle IGBT Vendors
2. Electric Vehicle Motor Controller Market
2.1 Status Quo
2.2 Market Size
2.3 Supply Model
2.4 Competitive Landscape
2.4.1 Comparison of Major Companies
2.4.2 Top 10 Companies by Electronic Controller Sales Volume
2.4.3 Market Share
2.5 Supply
2.6 Development Trends
3. Electric Vehicle DC/DC and Charger Market
3.1 Market Size
3.2 Competitive Landscape
3.2.1 Top 10 Companies by OBC Sales Volume, 2019 VS 2020
3.2.2 OBC Market Share, 2019 VS 2020
3.2.3 Supply
3.3 Development Trends
4. Key DC/DC and Charger Companies in China
4.1 EVTECH
4.2 Shinry
4.3 Tiecheng Information Technology
4.4 Shijiazhuang Tonhe Electronics Technologies
4.5 Luoyang Grasen Power Technology
5. Motor Controller (Inverter) Producers in China
5.1 Shanghai Edrive
5.2 Inovance
5.3 Shanghai Dajun Technologies
5.4 Santroll
5.5 Broad-Ocean Motor
5.6 UAES
5.7 CRRC Electric Vehicle
5.8 BYD
5.9 Zhuhai Enpower Electric
5.10 Shenzhen V&T Technologies
5.11 Fujian Fugong Power Technology
5.12 Chroma ATE
5.13 JJE
5.14 DEC Dongfeng Electric Machinery
5.15 Megmeet
5.16 XPT
5.17 HASCO
5.18 Hefei E-Power Technology
6. Global Motor Controller (Inverter) Producers
6.1 Hitachi Astemo
6.2 Mitsubishi Electric
6.3 Bosch
6.4 Continental
6.5 BorgWarner
6.6 Hyundai Mobis
7. IGBT Suppliers
7.1 Infineon
7.2 StarPower Semiconductor
7.3 BYD Semiconductor
7.4 Fuji Electric
7.5 Semikron
7.6 Denso
7.7 Zhixin Semiconductor
7.8 Zhuzhou CRRC Times Electric
For more information about this report visit https://www.researchandmarkets.com/r/jp10gv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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