WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.5750 per unit ($2.30 per unit on an annualized basis) on all of its outstanding common units for the period from April 1 to June 30, 2021. The distribution will be paid August 13, 2021 to unitholders of record as of the close of business on August 9, 2021.
Non-U.S. Withholding Information
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Global Partners LP
With approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.
For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800
Sean T. Geary
Interim General Counsel and Vice President – Mergers & Acquisitions
Global Partners LP
(781) 894-8800
AirWarden™ System Provides Pilot and Drone Detection and Location in New York City During Joint Agency Materiel Experiment
OCEANPORT, N.J.--(BUSINESS WIRE)--#Army--AeroDefense was invited to provide its mobile drone detection capabilities in October 2020 at the US ARMY Combat Capabilities Development Command (DEVCOM) in Partnership with the New York Police Department – Subterranean/Dense Urban Community of Practice: Counter Unmanned Aircraft System Materiel Experiment in Lower Manhattan.
Dense Urban Environments (DUEs) challenge drone detection systems due to heavy Radio Frequency (RF) traffic and large obstructions. Complex structures that cause signal multipath and blockage issues necessitate high placement of equipment and typically cause radar systems to fail. Hardware must be discreet and easily portable as the area of protection can suddenly change in real-world scenarios.
AeroDefense tested its RF-based AirWarden system temporary/portable and vehicle-based sensors that operate while in motion. AeroDefense did not know in advance flight paths, launch locations, or the type or number of drones to be flown and only knew the designated protection area. The host agencies used several different drones which varied in size. One was custom built and several were fit with 3D printed boxes to mimic a payload.
The host agencies have published a detailed report that explains how the AirWarden system performed during the experiment with flight by flight analysis. Federal, state, and local government agencies can request access to the report. Please email This email address is being protected from spambots. You need JavaScript enabled to view it. for instructions.
Linda Ziemba, Founder and CEO of AeroDefense, said, “Our AirWarden system, developed in New York metro, has been deployed in a high RF stadium environment since 2018 and had previously proven effective in New York City’s Times Square, so we felt very confident going into the experiment. The AirWarden system’s ability to compete with all the RF noise and operate in motion, coupled with its ruggedized and compact hardware design make it a very unique and practical solution for DUEs.”
About AeroDefense: AeroDefense offers fixed and mobile drone detection solutions for stadiums, airports, correctional facilities, military forces, and other critical infrastructure. AeroDefense’s patented Radio Frequency (RF) based drone detection system, AirWarden, detects, classifies, locates, and tracks both drone and pilot simultaneously, providing actionable intelligence to respond effectively (and safely) to drone threats. Because the AirWarden system passively detects drone signals via RF spectrum sensing, it recognizes devices it has not seen before, unlike systems reliant on signature databases, and does not violate federal criminal surveillance laws. Based in Oceanport, NJ, AeroDefense is privately held with all engineering, manufacturing, and support based in the US. The AirWarden system is the first and only drone detection solution to receive the Department of Homeland Security Support Anti-Terrorism by Fostering Effective Technologies Act Developmental Testing and Evaluation Designation. To learn more about AeroDefense and AirWarden, please visit www.AeroDefense.tech.
Lexi Rinaudo, Marketing Manager
AeroDefense
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225.270.1347
DUBLIN--(BUSINESS WIRE)--The "Molten Salt Thermal Energy Storage Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global molten salt thermal energy storage market is expected to grow at a compound annual growth rate of 15.65% over the forecast period to reach a market size of $1,743.663 million in 2026 from $629.969 million in 2019.
The molten salt thermal energy market is estimated to increase in the forecast period. The factors responsible for the growth of the market are increase in the population which has led to increase in the consumption of energy and initiatives taken by the government for the use of renewable sources of energy will boost the market growth in the coming years. Another reason for the use of the molten salt thermal energy is the decrease in the cost per kilowatt for the storage of energy.
Companies Mentioned
Impact of COVID-19 on the market
The deployment of renewable energy technology in many markets was already threatened at the start of 2020 by funding, policy uncertainty and grid integration, which COVID-19 had further amplified. According to IEA projections, owing to the unprecedented global COVID-19 crisis, the number of new renewable energy installations worldwide declined in 2020. The decline is due to lockdown restrictions in various countries because of the pandemic, thereby severely affecting the supply chain globally. It is estimated that in 2021, with revival of the economy the market will resume with the majority of projects that were delayed. Increase in the government initiatives and investments in renewable energy technologies is going to foster the growth of the market
Market Drivers
Market Restraints
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Molten Salt Thermal Energy Storage Market Analysis, By Technology
5.1. Introduction
5.2. Parabolic Trough
5.3. Fresnel Reflector
5.4. Power Tower
6. Molten Salt Thermal Energy Storage Market Analysis, by Geography
6.1. Introduction
6.2. Americas
6.3. Europe Middle East and Africa
6.4. Asia Pacific
7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/d2dm3u
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Ameresco expands its U.K. presence with £1.1 million project delivering roof-mounted solar PV to 7 courts and 3 prisons in the Midlands
FRAMINGHAM, Mass. & LONDON--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the completion of its roof mount solar PV project with the United Kingdom’s Ministry of Justice. The centrally funded £1.1 million project saw the delivery of roof-mounted solar to seven courts and three prisons in the U.K.’s Midlands.
The implemented solar PV will provide an energy savings of 427,602 kWh per year, which is equivalent to a carbon savings of 106.2 tonnes per year. Ameresco worked with Ministry of Justice project managers throughout the installation process to ensure that there was no disruption to the court buildings’ day-to-day operations, even given an influx of traffic due to a backlog of cases as a result of the Covid-19 pandemic. Initial project construction on the Midlands courts began in December of 2020 and was expected to be completed by March 2021.
Ameresco will continue to deliver 12 months of operations and maintenance support, as well as ongoing metering of the arrays across all sites. The completed project will advance the Ministry of Justice’s long-term goals to decarbonize federal buildings, improve grid resilience and facilitate a return-to-work of the building and renewables sector following the lift of pandemic restrictions and ordinances.
“We are pleased to support the Ministry of Justice in their continued efforts to develop a more sustainable future,” said Britta MacIntosh, senior vice president, Ameresco. “Utilizing rooftop space for renewable energy generation is a prime example of sustainable leadership from a government entity that works at the heart of the justice system.”
Construction was completed in March 2021.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About U.K. Ministry of Justice
The Ministry of Justice is a major UK government department, at the heart of the justice system. We work to protect and advance the principles of justice. Our vision is to deliver a world-class justice system that works for everyone in society. For more information visit www.gov.uk/government/organisations/ministry-of-justice.
The announcement of completion of a customer’s project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of March 31, 2021.
Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Five net energy billing projects will make solar energy accessible to homes, businesses and communities throughout the state
ROCKVILLE, Md.--(BUSINESS WIRE)--#Maine--Residents, businesses and towns in the Mid-Coast and Down East regions in Maine will now have access to clean energy through five new net energy billing (NEB) projects. Standard Solar, Inc., a nationally recognized leader in the development, funding, ownership and operation of commercial and community solar assets, today announced it has acquired 35 megawatts (MW) of NEB solar projects in Maine. Standard Solar is funding the projects and will be the long-term owner and operator. All five projects are expected to commence construction over the next 12 months.
Maine’s NEB program allows customers to benefit from clean energy savings by offsetting their electricity bills from renewable energy projects like community solar.
“These projects will save Maine residents and businesses millions off their electricity bills, help boost Maine’s economy through job creation and bring reliable, affordable electricity to residents, businesses and towns,” said Harry Benson, Director of Business Development for Standard Solar. “We’re proud to play an integral part in growing the state’s clean energy transition and the state’s economy.”
The five ground-mount projects will generate revenue through taxes and local economic development for the state and local governments. Combined, they will produce 50 megawatt-hours of electricity, an annual reduction in CO2 emissions equivalent to 39,165 pounds of coal burned and 4,310,301 smartphones charged.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 200 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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Logistics professionals will gain insights for managing disruptions and advancing strategies during August 4th webinar
DALLAS--(BUSINESS WIRE)--#3PL--Transplace, the leading provider of advanced logistics technology and solutions, announces its Third Quarter 2021 Logistics Market Update Report and Webinar with strategies for greater supply chain stability in the face of industry-wide imbalances and uncertainty.
Logistics and supply chain professionals are invited to a complimentary webinar on August 4 at 1 p.m. ET to access the full report. Attendees will learn about transportation trends and economic indicators from Transplace SVP of Data Science & Engineering, Matt Harding, and Transplace SVP of Consulting & Network Services, Ben Cubitt. Transplace CMO Carmen Palo will moderate the enlightening event, featuring a live audience Q&A.
During the webinar, discover data-backed intelligence and best practices for North American and European shippers to advance logistics strategies, including:
Logistics, supply chain and transportation professionals are invited to register for the August 4 webinar here.
About Transplace
Transplace powers one of the largest managed transportation and logistics networks in the world. Our tech-enabled services and solutions platform are backed by the unrivaled combination of innovative technology and a dedicated team of domain experts, engineers and data scientists. We are committed to thrilling our customers by consistently improving supply chain performance and providing greater visibility and control of their logistics networks. Companies of all sizes rely on Transplace to deliver trusted outcomes through best-in-class logistics management, strategic capacity and cross-border services. Follow the company on Twitter, Facebook, Transplace.com and the Transplace Industry Blog.
Media Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Grace Platon | +1 214.901.4744
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WASHINGTON--(BUSINESS WIRE)--Galway Sustainable Capital, Inc. (“GSC”) announced today a new, broad-based funding partnership with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Under the terms of the deal, GSC secured a minority equity investment and closed a new, multi-year, multi-tranche credit facility with Oaktree. GSC is private equity backed by lead investor Cordillera Investment Partners. GSC was founded in 2020 by three experienced ESG professionals who collectively bring over 50 years of expertise in structured finance, sustainable infrastructure, and yield-oriented investments. GSC provides flexible, full stack debt and equity capital solutions to support companies, developers and sponsors that are accelerating the transition to environmental and social sustainability. GSC focuses on critical infrastructure across the United States including distributed renewable energy, circular economy, carbon remediation, energy efficiency and green buildings, sustainable agriculture, land and water as well as opportunities that provide social benefits. GSC is focused on modular, distributed and localized projects with typical individual investments of $50 million and under. GSC has active platform investments in areas such as greenhouses, energy efficient data centers, green building solutions, distributed power and storage, waste recycling and carbon capture and sequestration.
The goal of the GSC enterprise is to advance the cause of businesses that have strong sustainability values with a focus on environment, climate change, and social impacts. “We are pleased to expand our GSC partnership to include Oaktree to help us scale our business and broaden our reach. Oaktree’s team has an outstanding track record of building successful financial institutions. With their infusion of capital and alignment around our ESG goals we look forward to growing this platform to its full potential while accelerating the transition to greater resilience and sustainability,” said Jennifer von Bismarck, CEO and co-founder of Galway Sustainable Capital.
“Our partnership is a direct result of GSC’s thoughtful approach to sustainability and disciplined process for originating and underwriting high quality investments,” said Brian Laibow, Managing Director and Co-head of North America for the Opportunities strategy at Oaktree.
With the addition of the Oaktree investment, GSC is well positioned to improve capital access in distributed infrastructure projects nationwide. “Access to properly aligned early deployment capital continues to be a major challenge for emerging climatech and ESG companies,” said GSC President and co-founder Trent Yang. “We have structured our business to be aligned with our partners both from a capital and mission perspective. With this added funding capacity, GSC can provide solutions to an expanded number of qualified companies, developers, and projects nationwide.”
“Oaktree’s investment further confirms the depth of demand for GSC’s capabilities and the growing attractiveness of the ESG sector from the institutional investor perspective,” said Rob Bolandian, Partner and Global Head of Investment Banking at Cambridge Wilkinson, who served as financial advisor to GSC on the transaction.
“We are pleased to have completed this financing for GSC, an industry leader in providing distributed infrastructure capital for select ESG projects,” said Chris Heller, Managing Partner at Cordillera Capital. “We look forward to supporting the company in its plans for ongoing success.”
About Galway Sustainable Capital
Galway Sustainable Capital (“GSC”) is a private equity backed specialty finance company that invests in companies that accelerate the transition to greater resilience and sustainability. The Company’s investment themes include renewable and distributed energy; efficiency and green buildings, circular economy solutions, sustainable ag land and water, carbon remediation; and socially responsible credit. GSC is a long term buy and hold investor that partners with experienced entrepreneurs and developers to grow profitable sustainable businesses. For more information, please visit www.galwaysustainable.com.
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $153 billion in assets under management as of March 31, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com.
About Cordillera
Cordillera Investment Partners is an investment management firm focused on investing in niche, non-correlated assets. These investments are generally in sectors that are not well understood, not overcapitalized, and not correlated with traditional assets. Cordillera manages capital for endowments, foundations, family offices, wealth advisors, and other institutional investors. For more information please visit www.cordillera-ip.com.
About Cambridge Wilkinson
Cambridge Wilkinson is a leading global investment bank with the speed, connections and confidence to get deals done. With a focus on middle market companies, we arrange debt and equity capital raises from $25 million to $5 billion and advise on mergers and acquisitions. Cambridge brings deep experience working with specialty finance institutions and real estate entities, as well as businesses spanning a variety of other industries. We offer unique access to a broad network capital sources including large family offices, credit funds, banks, non-bank credit groups, insurance companies, private equity, sovereigns and endowments. For more information please visit www.cambridgewilkinson.com.
Media contact: Vera Feinhaus, This email address is being protected from spambots. You need JavaScript enabled to view it.
CHICAGO--(BUSINESS WIRE)--The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.3825 per share on Exelon’s common stock. The dividend is payable on Friday, September 10, 2021, to shareholders of record of Exelon as of 5 p.m. Eastern time on Friday, August 13, 2021.
About Exelon Corporation
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Exelon Investor Relations Hotline
312-394-2345
Paul Adams
Exelon Corporate Communications
410-470-4167
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DUBLIN--(BUSINESS WIRE)--The "Marine Compressor Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The marine compressor market is anticipated to grow at a CAGR of 2.78% during the forecast period, to reach a total market size of US$3.435 billion in 2026 from US$2.836 billion in 2019.
Companies Mentioned
The marine compressor is a piece of auxiliary machinery used in ships and other vessels, which go into the ocean. These are used for producing compressed air, which has various applications on board, in both the engine and deck departments. The compressor serves multiple purposes in a ship. The primary function is to compress air or any other fluid to reduce its volume and increase the air pressure. The marine compressors are used in essential equipment or feeder equipment to different systems. They are employed in several processes ranging from the small process of cleaning the filters to the bigger tasks like starting main and secondary engines. The wide-ranging uses of marine compressors are expected to drive market growth during the forecast period.
In addition, the increase in the number of ships across the globe will subsequently accelerate the demand for marine compressors in the next few years. According to the World Merchant Fleet Data, the number of ships in 2015 was 48,459, which rose to 52,961 by 2020. Furthermore, the technical advancement in the marine compressor industry will further lead to the development of compressors that requires less operational and maintenance investment, which, in turn, support the market growth of the marine compressor market.
Growth Factors
The increase in the number of ships globally is mainly due to growing tourism, an increase in recreational activities, sea freight, and international trade. To meet the spurring demand these activities, the companies are adding more ships to their inventory each year. The increase in the number of ships for diverse applications will further amplify the market for marine compressors, as each ship will require a compressor.
Marine compressors provide several benefits to ships and other vessels, which enter the ocean. They provide benefits such as starting air to machines and engines, high-energy efficiency, reduces volume, increase air pressure, and act as a control valve. The benefits associate with marine compressors is expected to drive the growth of the market during the forecast period.
Restraints
The costs associated with the installation and maintenance of marine compressors are very high which may hamper the growth of the market during the forecast period. The initial installation cost is very high as it includes the cost of the compressor as well as the skilled manpower required. The marine compressors also need to be regularly maintained to ensure smooth functioning, which further increases the associated costs.
Lately, the rates associated with sea freight have considerably risen owing to equipment shortages and the reduction of vessel capacity in developing economies such as the Indian subcontinent. The surge in the demand for goods to be transported by sea has caused a shortage of empty containers, which has subsequently resulted in increasing the freight rates, which may restrain the market growth during the forecast period.
Impact of COVID-19
Owing to the Covid-19 pandemic, the demand for sea cargo and freight increased exponentially as the demand for medical products such as disposable masks, gloves, PPE kits, oxygen cylinders, oxygen concentrators, etc. rose overnight across the globe, especially in developing countries like India. The government of developing nations imported these products across borders to cater to the increasing demand. To import the products in large volumes, the sea routes were taken which rapidly increased the sea freight market, which bolstered the market growth for the marine compressor market.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Marine Compressor Market Analysis, By Product Type
6. Marine Compressor Market Analysis, By End-User
7. Marine Compressor Market Analysis, By Geography
8. Competitive Intelligence
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. Company Profile
For more information about this report visit https://www.researchandmarkets.com/r/o7sbd7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LINDEN, N.J. & HOUSTON--(BUSINESS WIRE)--Linden Cogeneration (Linden Cogen) and Phillips 66 (NYSE: PSX) have reached an agreement for Linden Cogen to take Bayway Refinery produced hydrogen-containing fuel gas, and blend it with natural gas used to fuel the 172MW F-class Linden Cogen unit 6 gas turbine. This project will improve overall refinery and Linden Cogen operational efficiency and will reduce air emissions primarily through improved furnace and flare efficiencies.
“We will be making the modifications to the unit 6 gas turbine, including PSM’s FlameSheet™ system, that will enable using a refinery produced fuel gas and up to 40% hydrogen in 2022,” said Todd Kerschbaum, Chief Technical Officer for JERA Americas, the asset management company for Linden Cogen. “While the actual reductions will be based on how much hydrogen is used at any given time of plant operation, we anticipate a reduction in CO2 emissions up to approximately 10% of annual CO2 emissions in unit 6.”
“Both Bayway Refinery and Linden Cogeneration are part of the Bayway Industrial Complex where company operations are interdependent,” said Chris Gallo, Bayway General Manager. “The Phillips 66 Bayway Refinery is very pleased to be part of this investment that improves energy efficiency and reduces carbon intensity. This is an example of how a collaborative project can simultaneously result in improved operations and emission reductions.”
LINDEN COGENERATION
Linden Cogen is a 972 MW natural gas-fueled thermal cogeneration plant located in Linden, New Jersey. Power and steam produced from the power generation facility is supplied for industrial use under long-term contracts and most of the electricity is also sold into the New York Independent System Operator and PJM power markets. The facility, which began operating in 1992, has six gas turbines and three steam turbines. Linden Cogen is owned by JERA Americas (50%), EGCO (28%), DBJ (12%), GS-Platform Partners (10%).
PHILLIPS 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Headquartered in Houston, the company has 14,200 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of March 31, 2021. Phillips 66’s Bayway Refinery, located on New York Harbor in Linden, processes mainly light, low-sulfur crude oil. For more information, visit www.phillips66.com.
PSM (a Hanwha company)
PSM is a leading supplier of innovative, technologically advanced service solutions for large-frame multi-OEM gas turbine power generating assets owners worldwide. PSM, based in Jupiter, FL and sister company, Thomassen Energy, based in the Netherlands, are owned by Hanwha General Chemical, part of the Hanwha Group. For more information, visit www.psm.com.
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TORRANCE, Calif.--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCQX: GCEH), a vertically integrated renewable fuels company, is pleased to announce the appointments of Ms. Susan Anhalt and Ms. Phyllis Currie to its Board of Directors. The Company is adding the two independent directors to broaden its board-level expertise and to move a step closer to achieving the requirements for a future Nasdaq stock listing.
Ms. Anhalt brings over 25 years of depth and experience in M&A transactions and all legal aspects and challenges of high growth companies. She is the founding attorney at SLAE Inc., a law firm serving start-up and growth companies. Prior to SLAE, Ms. Anhalt served as the General Counsel for The TPL Group, a tech incubator of microprocessor technologies for over 6 years. Her responsibilities included developing legal structures for expansion into numerous countries, developing and managing complex U.S. and non-U.S. tax structures, negotiating M&A transactions and managing patent protections and strategies for over 100 patents.
Ms. Anhalt holds a BA degree in political science from Stanford University and a JD degree from the Indiana University School of Law. She began her legal career with Latham & Watkins.
Since 2016, Ms. Currie has served on the Board of Directors of the Midcontinent Independent System Operator (MISO), which runs an energy market and manages transmission assets in 15 Midwest states and a Canadian province, serving as Board Chair for the past 3 years. Prior to 2016, Ms. Currie served as the General Manager of Pasadena Water and Power for over 14 years, leading the municipal entity into adding electric generation units and implemented upgrades to the city’s water and distribution systems. She also held the position of Chief Financial Officer for the Los Angeles Department of Water and Power overseeing the city’s annual operating and capital budgets.
Ms. Currie has held roles in the California Municipal Utilities Association, the Southern California Public Power Authority and the American Public Power Association. Ms. Currie holds a BA degree in political science and an MBA from UCLA. She has also completed the Program for Senior Executives in State and Local Government at the John F. Kennedy School of Government at Harvard University.
Ms. Currie was appointed as the Chair of the Audit Committee, to serve alongside Mr. Walker and Ms. Anhalt. Ms. Currie will also join Mr. Walker (the Chair) and Mr. Wentzel as a member of the Compensation Committee. In addition to her appointment to the Audit Committee, Ms. Anhalt will join Mr. Wentzel (Chair) as the two members of the Board’s Nominating and Corporate Governance Committee.
“We are excited to welcome Ms. Anhalt and Ms. Currie to our Board of Directors, and look forward to the contributions their diverse skills, perspectives and expertise will make to the ongoing success of Global Clean Energy Holdings,” said David Walker, GCEH’s Chairman of the Board.
Richard Palmer, CEO and President commented, “Ms. Anhalts’ experience in start-ups and high growth companies, along with her experience in M&A and patent protection significantly complements our growth strategy. Additionally, Ms. Currie will be appointed to Chair our Audit Committee and provide significant financial, operational and regulatory knowledge.”
About Global Clean Energy Holdings
Global Clean Energy Holdings, Inc. (“GCEH”) is a uniquely positioned vertically integrated renewable fuels company. Our strategy has been consistent from the company’s inception; control the full integration of our entire supply chain from the development, production and processing of feedstocks through to the refining and distribution of renewable fuels. GCEH’s wholly owned plant science subsidiary, Sustainable Oils, Inc., owns an industry leading portfolio of Camelina sativa intellectual property rights, including patents and production know-how, to produce its proprietary varieties of Camelina sativa as a nonfood based ultra-low carbon biofuels feedstock. GCEH is retooling and constructing its renewable diesel refinery in Bakersfield, California, which when completed in early 2022 will be the largest renewable fuels facility in the western United States and the largest in the country that produces renewable fuels from nonfood based feedstocks. More information can be found online at www.gceholdings.com.
Communications Contact
Natalie Findlay
(424) 318-3518
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EVPassport Participates in 5G Studio, a Collaboration Between Newlab and Verizon, to Pilot 5G EV Chargers for Large EV Fleets at the Brooklyn Navy Yard
NEW YORK--(BUSINESS WIRE)--EVPassport, the EV charging hardware and software platform for purpose-driven organizations, today unveiled its 5G EV charging and edge computing platform powered by Verizon’s 5G Ultra Wideband network. In May, EVPassport was chosen to participate in Newlab’s 5G Studio, created by Newlab and Verizon (NYSE: VZ). EVPassport installed three Level 2 chargers at Newlab in the Brooklyn Navy Yard to demonstrate the company's ability to provide the fastest, simplest and most reliable charging solutions for EV fleets.
The powerful combination of Verizon’s 5G Ultra Wideband network and mobile edge compute allowed EVPassport to reduce latency in charging sessions by more than 50% and orchestrate chargers in real-time to rebalance load based on EV charging levels -- enabling the ability to automatically prioritize power to vehicles with lower charges. Combining 5G technology with EVPassport’s seamless charging experience, large EV fleets and consumer-facing brands can now deliver faster and more reliable power to their drivers.
“The only way to provide EV charging that actually works is to build a platform around open data and APIs,” said EVPassport CEO and Co-founder, Aaron Fisher. “The challenge is networks powered by 4G do not provide the level of connectivity required to limit latency and ensure reliability with the amount of data flowing across an intelligent platform, especially at the scale required by large fleets. The work we did through our participation in the 5G Studio allowed us to solve this issue.”
Open APIs enable integrations with popular services like Google Maps and Apple Pay, allowing drivers to see charger locations and click directly through to start a charging session. EVPassport’s robust APIs enable fleets and large brands to integrate live EVPassport chargers directly into their existing driver-facing applications and services to control their customers' experience and ensure fast and reliable charging.
“We have had EVPassport chargers on our properties since the company launched its open platform concept,” said Newlab CEO, Shaun Stewart. “The new 5G chargers allow us to install additional EV chargers without increasing power resources. I can’t wait to see what EVPassport does next to raise the bar even higher for how EV charging should work.”
About EVPassport
EVPassport is the EV charging hardware and software platform for purpose-driven organizations. Brands committed to sustainability rely on EVPassport to provide their customers with the most seamless payment experience to charge any electric vehicle without requiring a separate app, account or a top-up balance. And EVPassport is the only platform that enhances customer engagement for these companies by providing custom branded hardware with API-powered software that easily integrates with their existing applications and services. For more information, follow EVPassport on Twitter (@EVPassport), Instagram (@EVPassport) and LinkedIn, or visit www.EVPassport.com.
Media Contact
Jake Schuster
fama PR for EVPassport
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Schools, education nonprofits in five states and DC can apply for $1 million in grants to modernize or create state-of-the-art science labs, encouraging STEM careers
CHICAGO--(BUSINESS WIRE)--The Exelon Foundation and Exelon Corp., the nation’s largest generator of carbon-free energy, today launched the Green Lab Grants program, which will provide grants of up to $50,000 each for public and private schools as well as nonprofit organizations that operate out-of-school programs serving Title I-eligible students, to invest in hands-on educational spaces where students can prepare for careers in science, technology, math and/or engineering (STEM). The grants, which will total $1 million annually, will be administered by the Museum of Science and Industry, Chicago, and will target organizations in communities where Exelon operates including Illinois, Delaware, Maryland, New Jersey, Pennsylvania and Washington, D.C..
“It is critical that we engage, educate and inspire the next generation of STEM leaders and provide them the tools and resources they need to prepare for future professional careers,” said Chris Crane, Exelon president and CEO. “By partnering with the museum, we can promote youth problem-solving and creativity using new technologies, better equipping students to address some of the most pressing issues we face today, including climate change.”
“The Museum of Science and Industry, Chicago, is thrilled to partner with Exelon in this effort to increase access to learning opportunities and cutting-edge tools for students in under-resourced communities,” said Rabiah Mayas, MSI’s Davee Vice President of Education. “We’re committed to supporting our next generation of innovators and problem solvers to tackle critical issues like the climate crisis.”
In addition to STEM grants, the Exelon STEM Innovation Leadership Academy is a prime feature of Exelon’s commitment to encourage young women in STEM and develop tomorrow’s workforce. Sponsored by the Exelon Foundation, this free, week-long experience for teen girls ages 16-19 from diverse and low-income communities is held each summer in the Washington, D.C. metro region, Chicago and Philadelphia. To date, nearly 600 students have completed the Academy. Exelon also launched the STEM Leadership Academy Scholarship program this year, which is designed to be a supportive and clear pathway from student engagement in the Academy to entry into the energy workforce, ideally as an Exelon employee. Valued at approximately $1 million, the scholarship is available to alumnae of the Academy program and will cover all costs associated with college, including tuition, room and board and all other expenses that aren’t covered by other confirmed scholarships, family contributions and work-study grants.
Applications for the Green Lab grants are now open. The deadline to submit an application is October 1, 2021.
For more information about how Exelon invests in its communities through workforce development, education and corporate relations programs, click here.
About Exelon
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
About the Exelon Foundation
The Exelon Foundation is an independent, nonprofit organization funded solely by Exelon Corporation through shareholder dollars. The mission of the Foundation is to encourage respect for the environment, support innovative STEM education programs and strengthen the social and economic fabric of the community by providing a match to Exelon employee contributions.
Liz Keating
Corporate Communications
312-394-4111
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HOUSTON--(BUSINESS WIRE)--JERA Americas, the US-based subsidiary of global energy leader JERA, has announced plans to blend hydrogen at two plants, where it has ownership interests, in support of reducing CO2 emissions.
“Our parent company, JERA, has set an ambitious goal to be net zero CO2 by 2050, with an interim goal of 20% reduction in CO2 emission intensity for its business in Japan by 2030,” said Steven C Winn, Chief Executive Officer of JERA Americas. “They set the vision to be a global leader in LNG and renewables, sparking the transition to a clean energy economy. We support that goal and will also be working toward the same net zero CO2 emission goals here in North America.”
The Company has made initial progress toward that goal with plans to employ hydrogen fuel blending in its US power generation portfolio.
“The work we are doing here in Linden has the potential for dramatic emission reductions not just in North America but also globally,” continued Winn. “This is the first step in what could ultimately be the modification of one of the largest gas turbine fleets in the world.”
JERA Americas acquired a 50% interest in Linden Cogen in 2017 and serves as the asset manager for the facility. Power and steam produced from the 972 MW natural gas-fueled thermal cogeneration plant is supplied for industrial use under long-term contracts and electricity is also sold into the NY-ISO and PJM wholesale markets. The facility, which began operating in 1992, has six gas turbine units and three steam turbines and is jointly owned by JERA Americas, EGCO, DBJ and GS-Platform Partners. Phillips 66’s Bayway Refinery, located on New York Harbor in Linden, processes mainly light, low-sulfur crude oil.
“We intend to move forward on many fronts to achieve meaningful CO2 reductions,” said Winn. “These two agreements at Linden Cogen and Cricket Valley Energy Center are a starting point on our journey to a clean energy future.”
ABOUT JERA AMERICAS
A subsidiary of Tokyo-based JERA, the company that produces about 30% of all electricity in Japan, JERA Americas delivers innovative energy solutions for customers through a diversified portfolio of low carbon assets and technologies. The Company is a leading integrated energy provider supporting the Americas’ energy transition in an environmentally and socially responsible manner.
Under its “JERA Zero CO2 Emissions 2050” objective, JERA has been working to eliminate CO2 emissions from its domestic and overseas businesses by 2050. JERA, which stands for Japanese Energy for a New Era, will contribute to the development of a sustainable society, and seek to become a global company that is worthy of the regard of the global energy market and indispensable to the people of the world. https://www.jera.co.jp/english/.
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DUBLIN--(BUSINESS WIRE)--The "The Petroleum Industry in Kenya 2021" report has been added to ResearchAndMarkets.com's offering.
This report focuses on Kenya's petroleum industry, which encompasses upstream oil and natural gas exploration and development activities, midstream bulk storage and transportation of fuel and petroleum products, and downstream activities, including manufacturing and the wholesale and retail trade in refined fuels and petroleum products.
It includes information on the size and state of the sector, consumption and production statistics and developments in the upstream and downstream markets.
There are profiles of 26 companies including Rubis Energy Kenya, the largest player in the Kenyan downstream petroleum market and other major players such as Total Kenya, Vivo Energy, OLA Energy and the National Oil Corporation of Kenya.
The Petroleum Industry in Kenya:
Following Tullow Oil's discovery in 2012 of crude oil reserves in northern Kenya's Lokichar sub-basin, estimated at over 4 billion barrels, Kenya has been touted as Africa's next major oil producer. Results from an early oil pilot project indicate that the reserves in Turkana's Amosing and Ngamia fields are commercially viable.
But the coronavirus pandemic and other setbacks have delayed the development of the oilfields for commercial production. The Kenyan government hopes to secure investment to construct crude oil processing and storage facilities and an oil pipeline.
Competitive Market:
There are over 1,800 service stations in Kenya operated by more than 70 registered oil marketing companies that are involved in the supply, distribution and sales of petroleum products such as petrol, diesel, kerosene, lubricants and LPG. Kenya's petroleum industry is competitive with many consumers and producers.
The absence of major price wars due to government price controls means market presence, strategic locations, differentiation and diversification are key factors in attracting customers.
Key Topics Covered:
1. Introduction
2. Country Profile
2.1. Geographic Position
3. Description of the Industry
3.1. Industry Value Chain
4. Size of the Industry
5. State of the Industry
5.1. Local
5.1.1. Corporate Actions
5.1.2. Regulations
5.1.3. Enterprise Development and Social Economic Development
5.2. Continental
5.3. International
6. Influencing Factors
6.1. Coronavirus
6.2. Economic Environment
6.3. Government Interventions
6.4. Energy Demand
6.5. Corruption
6.6. Technology, Research and Development (R&D) and Innovation
6.7. Labour
6.8. Environment, Health and Safety Concerns
7. Competition
7.1. Barriers to Entry
8. SWOT Analysis
9. Outlook
10. Industry Associations
11. References
11.1. Publications
11.2. Websites
For more information about this report visit https://www.researchandmarkets.com/r/1fzdj8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LEMONT, Ill.--(BUSINESS WIRE)--#AmericaResilient2021--Combating climate change is one of the most pressing challenges of the 21st century. To discuss this challenge, the U.S. Department of Energy’s (DOE) Argonne National Laboratory convened the America Resilient virtual climate conference on April 14, 2021. The conference report is now available for free download on the America Resilient website.
Everyone is feeling the increasing effects of climate change across the United States, from the record-breaking 2020 wildfire season to the Southern freeze of February 2021, which caused the electrical grid in Texas to collapse. Participants at Argonne’s conference focused on ways to mitigate likely human suffering, loss of biodiversity, and disruptions to critical societal systems and functions. Three key themes emerged: prioritizing environmental justice; addressing the need for high-accuracy, high-resolution climate models; and equipping decision-makers to plan for adaptation and resilience.
Currently, some communities encounter greater risks from climate change due to their location, demographics and access to resources and healthcare. “There are inequities that are baked into the energy system, and when you are trying to make your energy system more resilient, you need to make sure you’re not doing it in a way that’s going to further entrench these inequalities,” said Shalanda Baker, DOE Deputy Director for Energy Justice and the Secretary of Energy’s Advisor on Equity.
To build resilient communities, leaders and community members need science-based information about the impacts climate change will have. “While it’s critical that we decarbonize our economy as quickly as possible, the emissions we’ve produced have already baked in weather patterns that will unfold over years to come,” said U.S. Secretary of Energy Jennifer Granholm. “These once-in-a-century storms are going to keep coming, but not all of them need to be crises.”
High-accuracy, high-resolution climate models can help us avoid crises by projecting climate impacts down to regional and local scales and taking action to mitigate their effects.
These localized models allow communities to more effectively assess immediate and future climate-related risks.
At the conference, experts sought to increase climate-change-related education and training and to democratize access to climate data to support informed decision-making.
The America Resilient Climate Conference report summarizes key discussions from the panels and keynote speakers. This resource is available to coordinate research, industry, government and community efforts to enhance climate resilience in the United States, and potentially around the world.
Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
Office: 630.252.5580
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Latest Solar Power World rankings reaffirm continued market growth
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Continuing its ascent as part of a diversified energy portfolio in an evolving, rapidly decarbonizing power industry, the U.S. solar market has eclipsed 100 gigawatts of installed electric generating capacity, doubling the solar sector’s size since 2018, a recent report found. And Black & Veatch, a global leader in power infrastructure solutions, continues to play a key role in helping satisfy the demand.
Newly released rankings by Solar Power World – the solar industry’s leading business-to-business publication – recognizes the achievements of U.S. solar developers, subcontractors and installers within the utility, commercial and residential markets. The rankings are based on kilowatts (kWs) installed by contractors in the previous year.
According to the U.S. Solar Market Insight 2020 Year-in-Review report, released in March by the Solar Energy Industries Association and energy research consultant Wood Mackenzie, the U.S. solar market grew by 43 percent in 2020, nearly double the 23-percent increase in 2019. Last year’s installed U.S. electric generating capacity was a record 19.2 gigawatts.
“At a transformational time when the power industry is repowering itself, clean and affordable solar power continues to prove itself to clients as a critical option in lowering their carbon footprints,” said Paul Skurdahl, senior vice president of Black & Veatch's solar business. “With our deep expertise in helping utilities and power producers diversify their generation portfolios through renewable energy, we remain committed to delivering on the promise of solar power for a cleaner, greener world.”
The U.S. solar momentum continues to be driven by declining system costs and accelerating government and corporate mandates for clean energy. The federal government’s passage of a two-year extension on the solar investment tax credit (ITC) at the end of 2020 also is expected to accelerate solar adoption across all market segments.
Wood Mackenzie expects the U.S. solar market to quadruple by 2030, when the equivalent of one in eight American homes is projected to have solar.
“Not even COVID-19 closures and slowdowns could prevent the solar industry from installing fantastic numbers last year,” said Kelly Pickerel, Solar Power World’s editor in chief. “The Solar Power World team is so glad to recognize over 400 companies on the 2021 top solar contractors list that not only survived a pandemic but thrived in spite of it.”
Editor’s Note:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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24-HOUR MEDIA HOTLINE | +1 866-496-9149
DIVERSITY AND GROWTH OPPORTUNITIES THROUGH NEW MWBE PROGRAM
HOUSTON--(BUSINESS WIRE)--Port Houston has announced its new MWBE Business Equity Program and Initiative, receiving praise and support from Houston Mayor Sylvester Turner and Harris County Commissioners Rodney Ellis, Adrian Garcia, and other community and business leaders at Thursday’s official announcement regarding Port Houston’s newly-formed Business Equity Division.
Port Houston has created this new division to create greater equity for minority and women-owned business enterprises participating in its procurement and contracting processes.
“I am proud that the new division will elevate the profile of Diversity, Equity, and Inclusion (DEI) at Port Houston,” said Executive Director Roger Guenther. “I assure you that it will have the organizational support and leadership needed to produce meaningful and sustainable long-term change.”
Mayor Turner and other elected officials described the new program as “historic.” Each also emphasized the potential of the program for minority and women-owned and small businesses, to sustain and grow their businesses through access, education, and opportunities – economic impacts helping families, and the community as well.
“The new Business Equity Division will report directly to me,” said Executive Director Guenther. “It will include Port Houston’s successful Small Business Program and will champion the new MWBE initiatives and DEI efforts.”
Guenther added that as Port Houston addresses DEI, it considers this new business equity program as “forward-looking,” and a “public declaration,” capturing the initiative and vision for DEI at Port Houston.
This new initiative also includes the Port Commission’s June adoption of a DEI Position Statement, reorganization in March of the Port Commission’s Procurement and Small Business Development Task Force as the Business Equity Committee, adoption of a new MWBE Development Policy in April, with an aggressive 30% aspirational goal for participation, and the creation of a strategic marketing plan for outreach about the new MWBE program to the community.
More details on Port Houston Business Equity Program are found here: https://porthouston.com/business-equity-enrollment/. Statements and full quotes provided by Port Houston Chairman Ric Campo, Port Commissioner and Business Equity Committee Chair Wendy Montoya Cloonan, Harris County Judge Lina Hidalgo, and Harris County Pct 1 Commissioner Rodney Ellis can also be found here: https://porthouston.com/business-equity-quotes/.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
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Acadia Series delivers industry-leading total performance and improved indoor air quality
ROCKLAND, Mass.--(BUSINESS WIRE)--The Acadia Series washable energy recovery plates from Airxchange are now available to deliver unmatched total performance and improved building HVAC system efficiency.
Acadia’s polymer plate design aligns with Airxchange’s proprietary polymer energy recovery wheel design to offer engineers, building owners and original equipment manufacturers a comprehensive choice of washable residential, commercial and industrial air-to-air energy recovery components.
“We developed the Acadia Series to deliver performance levels not seen in other plates, while also making them washable to help engineers and facility managers improve indoor air quality,” said Randall Steele, CEO of Airxchange. “Because you can clean them – and because we incorporated polymer media that won’t degrade – the plates are designed for an extended lifespan.”
The Acadia Series is available in a range of sizes, from 50 to 4,000 CFM, has a high-structured plate strength with up to five inches of pressure differential, includes an antibacterial coating and is easy to clean.
Sequoia and Sedona Series round out new lineup of plates
The Sequoia Series offers a lower cost alternative to the Acadia Series with all the same range of sizes and features except the washable media.
Additionally, the new Sedona Series is designed for smaller systems and solutions, where a max airflow of 450 CFM is ideal. Also polymer, the Sedona delivers 75-85% sensible heat transfer efficiency in a cross-counter airflow design.
“While the washable media plays an important role in maintaining performance levels, we know high-quality, non-corroding polymer energy recovery components are a favorite among engineers and our original equipment manufacturing (OEM) customer base,” Steele said. “For that reason, we wanted to deliver several more premium options to select from.”
For more information on Airxchange’s new energy recovery plates, visit Airxchange.com.
About Airxchange
Airxchange has over 35 years of experience in the energy recovery industry. Its mission is to design and manufacture high-quality products that perform reliably and effectively for the life of an HVAC system, reduce energy consumption, and improve indoor air quality. The addition of high-tech materials and innovative designs to a technology based on fundamental scientific principles has earned Airxchange the trust of OEMs around the world. Airxchange continues to innovate and support customers to meet evolving market demands for energy recovery ventilation technology. Visit Airxchange.com for more information.
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PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies N.V. ("Technip Energies") (Paris:TE) (ISIN: NL0014559478) announces that on 26 July, 2021, it published its Half-Year Financial Report for the six months ended 30 June 2021.
The Half-Year Financial Report includes condensed consolidated financial statements (prepared in accordance with IAS 34), an interim management report and a statement of the persons responsible for the Half-Year Financial Report.
A copy of the Half-Year Financial Report can be found on Technip Energies’ website (https://investors.technipenergies.com/financial-information/results-center) and is, or will shortly be, available for inspection at https://www.info-financiere.fr.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the Energy Transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by an extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs trading over-the-counter.
For further information: www.technipenergies.com.
Investor Relations
Phillip Lindsay
Vice President, Investor Relations
Tel: +44 20 3429 3929
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Media Relations
Stella Fumey
Director Press Relations & Digital Communications
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