HOUSTON--(BUSINESS WIRE)--Rock Hill Capital (“Rock Hill”) is pleased to announce that its portfolio company, Park Energy Services, LLC (“Park”), has completed the acquisition of certain lower horsepower operating assets from Archrock, Inc. The acquisition enhances the company’s strategic position in South Texas and Pennsylvania. Furthermore, the transaction expands Park’s customer base and bolsters the company’s service capabilities throughout its operating footprint. The transaction is the most recent acquisition by Park as it continues to serve the energy industry as a leading provider of wellhead and vapor recovery compression.
Founded in 2014, Park specializes in compression technology that helps oil and natural gas producers increase well-production volumes and reduce emissions through the capture of vapors that would otherwise be vented or flared.
Tim Knox, President and CEO of Park, remarked, “We are pleased to announce this transaction as we execute on our strategy to become the largest provider of lower horsepower compression to the industry. We seek to provide high quality assets to premier customers in key operating regions, and this acquisition fits perfectly with that objective.”
Tim added, “We will continue to pursue purchase and partnership opportunities with multiple providers as we look to consolidate a fragmented market segment and achieve significant scale from which we can provide a complete array of portable and quick-to-deploy compressor packages for natural gas production, oil production through gas-lift, and vapor recovery, both engine and electric motor drive, all backed by outstanding service.”
Debt financing for the transaction was secured under an expanded senior credit facility provided by Regions Bank, UMB Bank N.A., and Century Bank. Legal representation for the transaction was provided by Winston & Strawn, LLP.
About Park Energy Services
Park Energy Services (www.parkenergyservices.com), headquartered in Oklahoma City, Oklahoma, operates a fleet of compressor units focused on wellhead compression, gas lift and vapor recovery in major producing basins of Texas, Oklahoma, Pennsylvania, Ohio, New Mexico and Colorado.
About Rock Hill Capital
Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast United States. Rock Hill is currently investing out of its third committed capital fund focusing on companies in the industrial products and services industries. Take a deeper look at Rock Hill Capital and what makes our investments successful by visiting www.rockhillcap.com.
Rock Hill Capital
Stacey Harper
713.715.7516
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Park Energy Services
Tim Knox
432.238.5150
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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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SAN JOSE, Calif.--(BUSINESS WIRE)--#alternativeenergy--The U.S. solar industry is on the upswing, thanks to a pro-renewables presidential administration and increased concern over climate change. Cupertino Electric, Inc. (CEI) has had a front-row seat to this action, with business increasing over the last year. Solar Power World has recognized the company's installation success by ranking CEI at No. 15 on the U.S. 2021 Top Solar Contractors list and at No. 10 among EPC-specific contractors.
The Top Solar Contractors list is developed each year by Solar Power World to honor the work of solar installers in the United States. Solar firms in the utility, commercial and residential markets are ranked by number of kilowatts installed in the previous year. Companies are grouped and listed by specific service, markets and states.
"Not even COVID-19 closures and slowdowns could prevent the solar industry from installing fantastic numbers last year," said Kelly Pickerel, editor in chief of Solar Power World. "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."
The U.S. solar industry grew 43% in 2020, with more solar panels installed on homes, businesses and across the country than in any other year on record. The federal government passed a two-year extension on the solar investment tax credit (ITC) at the end of 2020, which will further accelerate solar adoption. After 19.2 GW installed in 2020, research firm Wood Mackenzie expects the U.S. solar market to quadruple by 2030.
About Cupertino Electric
Cupertino Electric employs roughly 3,400 people in field and office roles across the U.S. Since forming its Renewables Division in 2007, the company has installed more than 2 GW of solar. CEI is a private electrical engineering and construction company building commercial, energy and data center projects and is recognized as one of the largest specialty contractors in the nation.
“We’re excited to be recognized alongside the largest U.S. developers and contractors today delivering renewable projects to address climate change,” said Shannon Richardson, senior director of renewables for Cupertino Electric. “To also earn a top spot on the EPC list is significant because it honors our company’s engineering roots and recognizes the hard work of our teams who come together and build great projects across the country.”
About Solar Power World
Solar Power World is the leading online and print resource for news and information regarding solar installation, development and technology. Since 2011, SPW has helped U.S. solar contractors — including installers, developers and EPCs in all markets — grow their businesses and do their jobs better.
Cupertino Electric, Inc.
Autumn Casadonte
(408) 808-8034
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Solar Power World
Kelly Pickerel, Editor in Chief
(216) 860-5259
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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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HOUSTON & TORONTO--(BUSINESS WIRE)--Peridot Acquisition Corp. (“Peridot”) (NYSE: PDAC), a publicly-traded special purpose acquisition company sponsored by Carnelian Energy Capital, reminds its shareholders to vote in favor of the approval of Peridot’s proposed business combination with Li-Cycle Corp. (“Li-Cycle”), North America’s leading lithium-ion battery resource recycling company, and the related proposals to be voted upon at Peridot’s extraordinary general meeting on August 5, 2021.
The extraordinary general meeting of Peridot’s shareholders to approve, among other things, the proposed business combination will be held in virtual format and physically at 2229 San Felipe Street, Suite 1450, Houston, Texas 77019 on August 5, 2021 at 9:00 a.m. Central Time (10:00 a.m Eastern Time). Peridot strongly recommends that shareholders attend the meeting virtually. In order to attend the meeting virtually, shareholders must pre-register at https://www.cstproxy.com/peridotspac/sm2021. Peridot’s shareholders of record as of the close of business on the record date of May 27, 2021 (the “Record Date”) should submit their vote promptly and no later than 11:59 p.m. Eastern Time on August 4, 2021.
It remains important that all holders who owned Peridot’s shares as of May 27, 2021 – even if they have since sold their shares – vote by 11:59 p.m. Eastern Time on August 4, 2021 to ensure the deal proceeds in a timely manner.
We recommend that you vote your shares online, though you may also vote by mail or telephone. More information on how to vote can be found at https://li-cycle.com/merger-vote/
or, if you hold in street name, by following the instructions provided by your broker, bank or other nominee on the Voting Instruction Form mailed or e-mailed to you. If you did not receive or have misplaced your Voting Instruction Form, contact your bank, broker or other nominee to obtain your control number in order to vote.
Holders of Peridot’s shares who need assistance voting or have questions regarding the extraordinary general meeting may contact Peridot’s proxy solicitor, Morrow Sodali LLC, toll-free at toll-free at (800) 662-5200 or (203) 658-9400 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
ABOUT LI-CYCLE CORP.
Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
ABOUT PERIDOT ACQUISITION CORP.
Peridot is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Peridot’s sponsor is an affiliate of Carnelian Energy Capital Management, L.P., an investment firm that focuses on opportunities in the North American energy space in partnership with best-in-class management teams. For more information, please visit https://peridotspac.com/.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed business combination involving Li-Cycle and Peridot, Newco has prepared and filed with the SEC a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the “Proxy Statement/Prospectus”). Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.
Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot’s website at www.peridotspac.com or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
PARTICIPANTS IN THE SOLICITATION
Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.
NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained in this communication may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction involving Li-Cycle and Peridot and the ability to consummate the proposed transaction. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed transaction or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that other anticipated benefits of the proposed transaction will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed transaction; (v) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed transaction that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports filed with the SEC, including Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
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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 $33 billion Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
About the Exelon Foundation
The Exelon Foundation is an independent, nonprofit organization funded solely by Exelon Corporation through shareholder dollars. The mission of the Foundation is to encourage respect for the environment, support innovative STEM education programs and strengthen the social and economic fabric of the community by providing a match to Exelon employee contributions.
Liz Keating
Corporate Communications
312-394-4111
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SAN DIEGO--(BUSINESS WIRE)--$DFCO #AI--Dalrada Corporation (OTCQB: DFCO, “Dalrada”) is pleased to announce to its shareholders and the public that appointed to its Board of Directors are The Honorable Bijan R. Kian, Jose Arrieta, and Kyle McCollum.
Dalrada’s CEO, Brian Bonar, states, “Dalrada is excited to report new growth with its Board of Directors that expands and accelerates the Company’s global initiatives in engineering & technology, health, and clean energy. The Hon. Bijan R. Kian, Jose Arrieta, and Kyle McCollum are known for their extensive industry experience in global trade & international security, disruptive emerging technologies, and global finance, respectively. Dalrada’s Board members are an exceptional team of world leaders who embrace and support the Company’s vision.”
Driven by passionate and dedicated people, Dalrada is a global innovation company that introduces evidence-based, disruptive products and services and spearheads innovation in areas that benefit industrial, commercial, and consumer markets. The Company works continually to produce solutions that bridge the gap of accessibility and accelerate positive change for current and future generations. Dalrada’s scalable supply chain is effective and efficient, resulting in significant cost savings for the Company, its clients, and their customers.
THE HONORABLE BIJAN R. KIAN
Twice confirmed by the United States Senate, Bijan has served three presidents of the United States from both major political parties. Formerly, he served as a:
The Hon. Bijan R. Kian is recognized around the world as a senior executive in global trade and international security. A graduate of the University of Brighton in 1979, he continued his education at Oxford, Harvard Kennedy School, and MIT. A Fellow at the Royal Society of Arts in the United Kingdom, he is also the recipient of the Ellis Island Medal of Honor, also awarded to seven presidents of the United States.
JOSE ARRIETA
The former Chief Information Officer and Interim Chief Data Officer of HHS, Mr. Jose Arrieta is a respected leader in applying emerging technologies – especially blockchain, artificial intelligence/machine learning, and process automation. He oversaw $6.3B in IT investments, $800B in grants, and $26B in Federal contracts in his last three years at HHS.
Mr. Arrieta has published articles on valuing disruptive technology companies and the importance of industry-government communications. He led the creation and implementation of the largest public health surveillance capability in the United States during the pandemic and the first enterprise-grade supervised machine learning capability to help more accurately distribute testing supplies and predict hot spots across the country. Mr. Arrieta created a public-private key and distributed ledger infrastructure to establish digital identities for commercial, Federal, and state endpoints to aid the COVID-19 vaccination and testing efforts.
At Johns Hopkins University, Mr. Arrieta created and teaches the first blockchain course (blockchain and cryptos) as well as entrepreneurial finance. Before his work with the U.S. government, Mr. Arrieta founded imagineeer, an IT solutions company that currently is focused on fundraising, blockchain-enabled diagnostic equipment, cybersecurity solutions, and quantum-inspired optimization capabilities.
Mr. Arrieta works with Federal customers evaluating and valuing venture-backed technology start-ups in health and the national security space. He currently sits on multiple boards and advises five technology start-ups. Imagineeer is also working to build an ecosystem to facilitate secure, autonomous, data-driven, AI-powered, science-based organizations.
KYLE MCCOLLUM, CPA
Dalrada’s Chief Financial Officer, Mr. Kyle McCollum, CPA, holds over 17 years’ experience in accounting, finance, and management, both domestically and internationally. He brings expertise across a broad spectrum of industries and functionalities including accounting & finance, investment strategy, due diligence, mergers & acquisitions, compliance, fund structuring, fundraising, and investor relations.
Before joining Dalrada, Mr. McCollum oversaw financial operations for publicly traded and privately held companies. He has served industries including pet health and wellness, real estate investment & development, mining, and nutraceuticals. Mr. McCollum earned a Bachelor of Science and a Master of Accountancy degree from the University of Montana.
Dalrada’s Board of Directors is now composed of:
On a global scale, Dalrada creates evidence-based, disruptive solutions that are sustainable, affordable, accessible, and socially responsible. For additional information, visit www.dalrada.com.
About Dalrada Corporation (DFCO)
With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.
Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.
Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada’s subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.
Disclaimer
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Denise Mahaffey
858.283.1253
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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
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Laura Wood, Senior Press Manager
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eLichens’ avolta ultra-high selectivity CH4 gas sensor avoids false alarms and is available for LoRaWAN networks
CAMARILLO, Calif.--(BUSINESS WIRE)--#Chip--Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced its collaboration with eLichens, designer of avolta-CH4, a new connected gas leak detector running on the LoRaWAN® standard. Based on eLichens patented gas sensing technology, avolta is able to detect natural gas (methane) leaks with ultra-selectiveness, has no drift over time and has been approved by research gas laboratories.
“Dangerous gas leaks pose serious environmental and economic harm to any household and city. In fact, a quarter of all gas leaks out of pipelines and natural gas infrastructure is estimated to be coming out near gas meters,” said Marc Attia, eLichens chief marketing officer. “We have chosen to implement LoRaWAN connectivity for our avolta gas sensor due to its low power, long distance capabilities—allowing for instant alert of any devastating gas leak for response and potentially save lives. Most critical is that the combination of eLichens NDIR sensor technology and LoRaWAN enable straightforward compliance with UL1484 and EN50194-1 standards.”
eLichens’ avolta gas detector running on LoRaWAN features a battery autonomy of 10+ years due to its very low power consumption gas sensor and the integration of the Semtech LoRa® device and the LoRaWAN standard. The absence of need for recalibration and the long life span of the eLichens sensor makes it ideal for applications of gas leak detections in both residential and industrial market.
By leveraging the rise of connected sensors and low power wireless networks, gas utility companies can significantly reduce gas leaks on their gas distribution network. eLichens’ new gas leak detector can selectively detect and monitor (thanks to eLichens’ NDIR sensing technology) low levels of methane leaks thus making appropriate decision making in line with the nature of the leak.
“As more and more cities choose to utilize Internet of Things (IoT) solutions to improve and protect the lives of their citizens, they should benefit of the new gas safety solution,” said Marc Pégulu, vice president of IoT product marketing and strategy for Semtech’s Wireless and Sensing Products Group. “This use of LoRa and LoRaWAN showcases the power of IoT technologies to create a smarter, and ultimately safer planet for all.”
For more information on the avolta gas leak detector, please visit here.
About eLichens
Created in December 2014, eLichens is a startup with the mission to help individuals digitize their environment. The company relies on a portfolio of patents, know-how and skills, which enable it to develop and market complete sensor/data/services solutions to address the gas utilities, industrial, smart city, smart home and IoT markets. eLichens has its headquarters in Grenoble and offices in California. Visit elichens.com to learn more.
About Semtech’s LoRa® Platform
Semtech’s LoRa device-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of ultra-low power, cost efficient and long range IoT networks, gateways, sensors, module products, and IoT services worldwide. Semtech’s LoRa devices provide the communication layer for the LoRaWAN® standard, which is maintained by the LoRa Alliance®, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 100 countries. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.
About Semtech
Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.
Forward-Looking and Cautionary Statements
All statements contained herein that are not statements of historical fact, including statements that use the words “ideal for,” “designed to” or other similar words or expressions, that describe Semtech Corporation’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in Semtech Corporation’s annual and quarterly reports, and in other documents or reports, filed with the Securities and Exchange Commission (www.sec.gov) including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” Semtech Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.
Semtech, the Semtech logo and LoRa are registered trademarks or service marks of Semtech Corporation or its affiliates.
SMTC-P
Linh Dinh
Semtech Corporation
(805) 250-1263
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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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Funding Will Enable Expansion to Increase Building Performance Across the U.S.
NEW YORK--(BUSINESS WIRE)--#brightpowerinc--Bright Power, Inc.— the leading energy and water management partner in the U.S. for multifamily real estate owners, operators, managers, and investors—today announced it has closed a $24.5 million Series B capital raise. The round was led by the BMO Impact Investment Fund and Generate Capital. Previously, the company had raised a $10 million debt facility from WindSail Capital Group and $1.8 million from early angel investors.
With the tailwinds of increasing investment in real estate sustainability, new carbon emissions regulations, and greater valuations for smarter, healthier buildings, this new funding will enable Bright Power to continue to scale, bringing its comprehensive solution set to more building owners and bringing new products and services to market.
Founded in 2004 by Jeffrey Perlman, Bright Power started by connecting the benefits of investing in solar and energy efficiency together. Then Bright Power simplified the process of making energy investment decisions through the creation of a simple but rigorous analytics platform, EnergyScoreCards. Bright Power developed deep engineering expertise in how to make buildings better for occupants while lowering energy usage, both for existing buildings and new construction. Most recently, Bright Power created a real-time energy management service, MoBIUS®, that brings the company’s energy savings and troubleshooting expertise to building operations teams, enabling them to optimize building operations and ensure that energy waste does not creep back after making energy savings improvements.
“Bright Power’s strength lies in our passion to eliminate negative impacts on the planet while increasing the performance and value of buildings. We are proud to have investors who share the same passion—together we will create a more sustainable future for us all,” said Jeffrey Perlman, CEO & Founder of Bright Power.
“BMO’s Impact Investment Fund was established to help drive sustainable outcomes by backing technologies that create a positive impact for both investors and the planet,” said Marc Khouzami, Managing Director, BMO Impact Investment Fund. “As part of our goal to be our clients’ lead partner on the transition to a low carbon economy, we are excited to build on BMO’s tradition of sustainability through our investment in Bright Power.”
“We’re excited to partner with the Bright Power team to accelerate our mission to rebuild the world with sustainable, affordable and reliable infrastructure,” said David Perl, Managing Director at Generate Capital. “We believe energy efficiency offers some of the best economic and environmental returns and we are thrilled to partner with such an innovative team. Bright Power is well positioned to dramatically reduce carbon emissions in the multifamily built environment and improve building performance.”
“It was an honor to facilitate Bright Power in this transaction. Bright Power represents a dynamic new type of company where positive impact and profits are linked, as one grows so does the other. BMO and Generate will help Bright Power continue to scale its important focus on high performance buildings and climate solutions,” said Michael Whelchel, Co-Founder and Managing Partner of Big Path Capital whose team arranged the Series B financing.
About Bright Power
Bright Power provides strategic energy and water solutions to building owners and operators across the nation. Specializing in multifamily apartment buildings, Bright Power has worked with over 1.9M apartments that cover 1.9B square feet. Bright Power’s energy management solutions include EnergyScoreCards benchmarking software, energy audits, energy procurement, on-site generation, green building design services, turnkey installation of energy improvements and ongoing energy management. For more information, please visit www.brightpower.com.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $950 billion as of April 30, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
About Generate
Generate Capital, Inc. is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 40 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution tailored funding and support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 1,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com
About Big Path
Founded in 2007, Big Path Capital is the leading investment bank for positive impact companies and funds. With one of the largest networks of impact investors, Big Path has worked with more impact companies and funds than any other investment bank in the world. Companies and funds engage Big Path Capital for company exits, capital raises, and founder and shareholder liquidity. Big Path is proud to have been a certified B Corporation since 2007. For more information, please visit www.bigpathcapital.com.
Media
Stephanie Driscoll
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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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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.
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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.
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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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