HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced that it will release its Q2 2021 results on Wednesday, August 11, 2021, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.
Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.
A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 and entering pass code 3794189.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Dave Bezanson, VP, Investor Relations & Pensions
902-474-2126
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Media:
902-222-2683
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CANONSBURG, Pa.--(BUSINESS WIRE)--Archaea Energy LLC (“Archaea” or “the Company”), an emerging leader in the development of renewable natural gas (“RNG”) in the U.S., announced today several key appointments to its leadership and management teams as well as recent operating highlights.
Archaea recently appointed several new leadership and management team members as it prepares to become a publicly-traded company through a business combination with Aria Energy LLC (“Aria”) and Rice Acquisition Corporation (“RAC”). These recent additions include Derek Kramer as Chief Technology Officer (“CTO”), Lindsay Ellis as General Counsel and Corporate Secretary (“GC”), Chad Bellah as Chief Accounting Officer (“CAO”), Megan Light as Vice President of Investor Relations and Campbell Stetter as Vice President of Finance. The business combination is expected to close in the third quarter of 2021 and the combined company, which will be called Archaea Energy, plans to be listed on the New York Stock Exchange under the ticker symbol “LFG.”
“To support and advance the company’s growth trajectory as we continue the integration with Aria and transition to becoming a publicly-traded company, I am pleased to welcome Chad, Derek, Lindsay, Campbell, and Megan to leadership positions within our team,” said Nick Stork, co-founder and CEO of Archaea. “We continue to attract top-level talent and this group is a great example of that. We truly believe that the talent and experience level of our team is unrivaled in the space.”
As CTO, Derek Kramer will be responsible for Archaea’s internal and external technology strategy and operations. Mr. Kramer has extensive executive experience implementing innovative programs and platforms to leverage data and technology to drive business performance and optimization, both as a consultant and in-house for a variety of organizations, including large publicly-traded companies such as American Electric Power and Pacific Gas & Electric.
As GC, Lindsay Ellis will lead the Company’s legal and risk management functions. Mrs. Ellis has significant experience as strategic-focused in-house counsel at EagleClaw Midstream and Rice Energy Inc. and well as valuable experience at Gibson, Dunn & Crutcher LLP and Vinson & Elkins L.L.P. Mrs. Ellis brings a wealth of expertise in mergers and acquisitions, capital markets and securities, corporate governance and SEC corporate matters.
As CAO, Chad Bellah will oversee the accounting practices of the Company. Mr. Bellah has experience advising Fortune 500 companies with complex accounting needs and providing responsible and strategic accounting practices to support short and long-term business objectives. Mr. Bellah spent 13 years at Anadarko Petroleum Corporation in a variety of accounting roles, including most recently leading accounting research and policy. Additionally, Mr. Bellah started his accounting career as an audit manager at Ernst & Young.
As Vice President of Investor Relations, Megan Light will lead interactions with the investment community and research analysts. Ms. Light has experience in finance and investor relations across multiple energy sectors and joins the Company from an investor relations role at Cheniere Energy, Inc., the second-largest global operator of natural gas liquefaction capacity.
As Vice President of Finance, Campbell Stetter will be responsible for leading a variety of initiatives within finance and corporate development for the Company. Mr. Stetter has highly valuable energy finance experience including investment banking, private equity, and corporate finance experience and joins the Company from PetroLegacy Energy, a privately-owned E&P company.
Archaea also highlighted recent operating updates for the combined company, including:
On Friday, July 2, 2021, RAC refiled its preliminary proxy statement with the Securities and Exchange Commission (“SEC”), which contains information regarding a number of the highlights mentioned above, in addition to other updates for the combined company, including Q1 2021 information1.
“We are pleased to provide our first quarterly disclosure for the combined company as an important step in our commitment to transparency with our stakeholders,” said Nick Stork. “Our current focus is on ensuring the advancement of our development schedule as well as successful integration of Archaea and Aria teams and systems. We continue to see significant opportunities to maximize financial returns and value to our stakeholders.
“We are focused on the development and construction of key commercial projects, including Project Assai, which upon completion will be supported by a portfolio of long-term fixed price contracts, enabling us to limit revenue volatility and provide predictable returns to shareholders while enabling our customers to achieve their long-term environmental objectives.
“Conversations for business development and long-term contractual offtake continue to accelerate, and we are seeing positive momentum in almost every aspect of our business as we work to leverage our expertise and technological advantages. With our focus on continued execution, we are reaffirming EBITDA guidance for the combined company for full year 2021, which was previously released in April 2021.
“I’d like to thank the employees from both Aria and Archaea for their continued hard work, which gives us excellent operational momentum heading into the anticipated merger close. We’re very excited to begin operating as one team and unlocking the value potential of the combined businesses.”
1. Information in the preliminary proxy statement is subject to change, possibly materially, due to SEC review or otherwise. |
About Archaea Energy LLC
Archaea Energy LLC is an emerging leader in developing renewable natural gas from high-carbon emission processes and industries by capturing recurring emissions from food waste, wastewater, agricultural waste and landfill gas. Archaea builds, operates and manages RNG projects throughout the entire energy life cycle and offers off-take partners the opportunity to purchase RNG from its portfolio of projects under long-term agreements. Archaea delivers pipeline-quality RNG from coast to coast using existing natural gas infrastructure.
Additional information is available at www.archaeaenergy.com/.
Forward Looking Statements
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “may,” “might,” “will,” “would,” “could,” “should,” “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions, although not all forward looking statements contain such identifying words. All statements other than historical facts are forward looking statements. Such statements include, but are not limited to, statements concerning the business combination; market conditions and trends; earnings, performance, strategies, prospects and other aspects of the businesses of RAC, Aria, Archaea and the combined company. Forward looking statements are based on current expectations, estimates, projections, targets, opinions and/or beliefs of Archaea, and such statements involve known and unknown risks, uncertainties and other factors.
The risks and uncertainties that could cause those actual results to differ materially from those expressed or implied by these forward looking statements include, but are not limited to: (a) the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed business combination and any transactions contemplated thereby; (b) the ability to complete the transactions contemplated by the proposed business combination due to the failure to obtain approval of the stockholders of RAC, or other conditions to closing of the proposed business combination; (c) the ability to meet NYSE's listing standards following the consummation of the transactions contemplated by the proposed business combination; (d) the risk that the proposed transactions disrupt current plans and operations of Aria, Archaea or their subsidiaries as a result of the announcement and consummation of the transactions described herein; (e) the ability to recognize the anticipated benefits of the proposed transactions, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its management and key employees; (f) costs related to the proposed business combination and related transactions; (g) the possibility that Aria or Archaea may be adversely affected by other economic, business, and/or competitive factors; (h) the combined company’s ability to develop and operate new projects; (i) the reduction or elimination of government economic incentives to the renewable energy market; (j) delays in acquisition, financing, construction and development of new projects; (k) the length of development cycles for new projects, including the design and construction processes for the combined company’s projects; (l) the combined company’s ability to identify suitable locations for new projects; (m) the combined company’s dependence on landfill operators; (n) existing regulations and changes to regulations and policies that effect the combined company’s operations; (o) decline in public acceptance and support of renewable energy development and projects; (p) sustained demand for renewable energy; (q) impacts of climate change, changing weather patterns and conditions, and natural disasters; (r) the ability to secure necessary governmental and regulatory approvals; and (s) other risks and uncertainties indicated in the preliminary or definitive proxy statement, including those under "Risk Factors" therein, and other documents filed or to be filed with the SEC by RAC.
The foregoing list of factors is not exclusive. You should not place undue reliance upon any forward looking statements, which speak only as of the date made. RAC, Aria, Archaea and the combined company do not undertake or accept any obligation or undertaking to update or revise the forward looking statements set forth herein, whether as a result of new information, future events or otherwise, except as may be required by law.
Important Information about the Transaction and Where to Find It
In connection with the proposed business combination, RAC has filed a preliminary proxy statement and intends to file a definitive proxy statement with the SEC. This press release does not contain all the information that should be considered concerning the proposed combination, and it is not intended to provide the basis for any investment decision or any other decision regarding the proposed combination. RAC’s stockholders and other interested persons are advised to read the preliminary proxy statement, the amendments thereto, and, when available, the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed combination, as these materials will contain important information about the combined company, RAC, Aria, Archaea and the proposed combination. When available, the definitive proxy statement will be mailed to the stockholders of RAC as of a record date to be established for voting on the proposed combination. Stockholders will also be able to obtain copies of the preliminary proxy statement, the definitive proxy statement and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s website at http://www.sec.gov.
Participants in the Solicitation
RAC, Aria and Archaea and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies of RAC’s stockholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of RAC’s stockholders in connection with the proposed combination, including their names and a description of their interests in the proposed combination, will be set forth in the proxy statement relating to such transaction when it is filed with the SEC.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering 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.
Investors
Megan Light
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Media
Katarina Matic
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917-853-1105
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) has been honored as one of the 2021 Best Workplaces for Millennials™ by Fortune magazine and Great Place to Work. This is the company’s 5th time to be recognized as one of the top workplaces for millennials in the country.
“This recognition truly celebrates the positive spirit of our millennials and all of our other employees,” said Brad Barron, President and CEO of NuStar Energy L.P. “We are so grateful to our employees for their energy, enthusiasm and can-do attitude.
“It’s gratifying to know that employees of every generation enjoy working at NuStar because of our unique caring and sharing culture created by our Chairman Bill Greehey. He established our employee-focused culture many years ago, and we’re continually striving to make NuStar an even greater place to work as our employees are the key to our success.”
NuStar also has been honored with several other top workplace honors in 2021, including being named to Fortune’s list of the 100 Best Companies to Work For, and the list of Best Workplaces in Texas. Additionally, the company was designated as one of the 2021 Best Places for Working Parents and ranked among the 25 Best Companies For Latinos to Work by Latino Leader Magazine.
The Best Workplaces for Millennials award is based on an analysis of survey responses from more than 5.3 million current employees at companies across the country. In that survey, 94 percent of NuStar’s employees said that the company is a great place to work, which is 35 percent higher than the average U.S. company.
The Best Workplaces for Millennials list is highly competitive. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they are a Great Place to Work-Certified™ organization.
Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is.
“The Best Workplaces for Millennials™ treat their employees like people, not just employees,” said Michael C. Bush, CEO of Great Place to Work®. “These companies foster caring and respect for one another, at every level of the organization. The result is millennial employees who say they look forward to coming to work and – as our research says – are 50 times more likely to stay a long time.”
About NuStar
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels and specialty liquids. The partnership's combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.'s website at www.nustarenergy.com and our Sustainability page at www.nustarenergy.com/Sustainability.
About the Best Workplaces for Millennials™
Great Place to Work® selected the Best Workplaces for Millennials™ by gathering and analyzing confidential survey responses from more than 5.3 million employees at Great Place to Work-Certified™ organizations. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey. Read the full methodology. To get on this list next year, start here.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
Chris Cho
210-918-3953
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The report details the company’s actions in 2020 to advance a lower-carbon future
HOUSTON--(BUSINESS WIRE)--Phillips 66 released its 2021 Sustainability Report on Thursday, giving a broad account of how the company advanced a lower-carbon future in 2020 while weathering the pandemic. The report includes an analysis of the company’s climate-related risks and opportunities as well as performance data on various environmental, social and governance matters, underlining Phillips 66’s continued commitment to transparency.
In his introductory letter to the report, Phillips 66 Chairman and CEO Greg Garland lauded the company’s resilience amid the challenges of 2020. Phillips 66 had its best year yet in safety in 2020 and completed a number of major projects, including the 845-mile-long Gray Oak Pipeline. He also noted that the company’s efforts didn’t revolve solely around getting through the crisis.
“We also distinguished ourselves in how we kept Phillips 66 moving forward into 2021 and preparing for the future,” he said. “We announced the Rodeo Renewed project in California, which will convert our San Francisco Refinery into one of the world’s largest renewable fuels facilities, and introduced our new Emerging Energy organization. … We are committed to being part of the solution to help the world address climate change.”
The report — published on Phillips66.com and accompanied online by related web-exclusive articles and videos — includes:
To view Phillips 66’s 2021 Sustainability Report, go to phillips66.com/sustainability.
About 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. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. 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. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Bernardo Fallas (media)
855-841-2368
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EVgo will plan and deploy EV charging and infrastructure solutions for GM fleet and BrightDrop customers
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc., (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that General Motors Company (GM) has named it a preferred provider for the company’s Ultium Charge 360 fleet service. With the announcement, EVgo will deploy comprehensive new charging and infrastructure solutions specifically for GM fleet and BrightDrop customers; in addition, these customers can receive program discounts at EVgo’s nationwide network of more than 800 public fast charging locations.
Automakers around the globe have announced more than $300 billion of EV investments, and just last month, GM, announced its plans to spend $35 billion through 2025 on EVs and AVs, an increase of 75% from March 2020 before the COVID-19 pandemic.
Today’s news will help enable a seamless experience as EVgo can provide one stop shopping for fleet customers looking for charging solutions from Level 2 charging at the depot to away-from-base fast charging options. GM’s Ultium Charge 360 fleet service will support EV fleet electrification for rideshare, delivery, municipal, autonomous, government and other market segments and includes a curated, comprehensive offering for fleet customers who are transitioning to electric vehicles. EVgo’s commitment to powering EV fleets furthers the joint vision in achieving electrification for all.
GM tapped EVgo as a preferred provider to leverage its dedication to innovation and deep expertise in designing, building and maintaining EV infrastructure across the country, including dedicated charging services for fleets. Reliability is a key factor for mission critical fleets, and EVgo maintains uptime of 98%1 across thousands of charging stations. EVgo can help fleet owners realize electrification’s significant benefits, empowering them to recognize lower total cost of ownership, meet emerging regulations and lead on corporate sustainability.
Through the GM Ultium Charge 360 service, EVgo will offer GM fleet and BrightDrop customers turnkey fleet solutions tailored to meet their unique and diverse needs, from fleet transition planning to equipment provisioning, infrastructure deployment, dedicated depots, integrated software solutions and ongoing operations and maintenance.
This announcement is the latest in a series of joint milestones for the two companies. In July 2020, GM and EVgo announced plans to accelerate widespread EV adoption by adding more than 2,700 fast chargers in markets across the country through 2025. In April, the companies brought the first stations online in California, Florida and Washington.
“As fleets and fleet managers transition to an all-electric future, empowering them with convenient and integrated charging solutions will be critical to expanding this key market segment. GM and EVgo are building on their relationship and will provide solutions for on-the-go to depot charging helping to ensure drivers have access to EVgo’s public charging network, making it easy for fleet drivers to charge when and where they need to,” said Alex Keros, Lead Architect, EV Infrastructure, General Motors.
“EVgo and GM both know how important it is to electrify fleets—for the economic benefit of fleet managers and for the planet,” said EVgo CEO Cathy Zoi. “As a preferred charging solutions provider for GM’s new fleet program. We will continue to provide fleet operators with the charging solutions from L2 through 350kW charging they need to go electric at scale.”
About EVgo
EVgo (NASDAQ: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 65 metropolitan areas across 34 states and more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
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1 Based on EVgo network data
EVgo
For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943
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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the second quarter of 2021. The distribution will be paid on August 6, 2021, to unitholders of record as of the close of business on July 26, 2021.
Second Quarter 2021 Earnings Conference Call
In addition, USA Compression will release its second quarter 2021 results prior to the opening of U.S. financial markets on Tuesday, August 3. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.
By Phone: |
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Dial 800-263-0877 inside the U.S. and Canada at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call. Investors outside the U.S. and Canada should dial 646-828-8143. The conference ID for both is 9227045. |
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A replay of the call will be available through August 13, 2021. Callers inside the U.S. and Canada may access the replay by dialing 888-203-1112. Investors outside the U.S. and Canada should dial 719-457-0820. The conference ID for both is 9227045. |
By Webcast: |
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Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at http://investors.usacompression.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call. |
ABOUT USA COMPRESSION PARTNERS, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.
NON-U.S. WITHHOLDING INFORMATION
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
FORWARD-LOOKING STATEMENTS
Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Matt Liuzzi / 512-369-1624
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BOSTON--(BUSINESS WIRE)--Schneider Electric, the leader in digital transformation of energy management and automation, today has been selected as a preferred provider for GM’s Ultium Charge 360 fleet service to support electric vehicle infrastructure. The move will facilitate GM’s commitment to fleet electrification and provide a more seamless experience for GM fleet and BrightDrop customers via an end-to-end solution offered by Schneider Electric.
Schneider Electric’s new EcoStruxure for Automotive and Mobility solution, an offering specifically for fleet customers that will now be available through the GM Ultium Charge 360 fleet service, is an EV infrastructure solution providing utility rate negotiation and modeling, software integration, charging station agnostic solutions, and cybersecurity architecture. The service also provides end-point cloud integration connecting products, controls, software and services, and Energy-as-a-Service design and financial support for the infrastructure solution.
“We are incredibly excited to be one of the first preferred providers to join the GM Ultium Charge 360 fleet service and, as the most sustainable company in the world1, we share their commitment to make the most of our energy resources, bridging progress and sustainability for all,” said Annette Clayton, CEO & president, Schneider Electric North America. “Our EcoStruxure for Automotive and Mobility solution will help us meet the needs of GM fleet and BrightDrop customers by proving an end-to-end EV infrastructure solution to facilitate their EV transition.”
As part of the preferred provider agreement, GM will also facilitate and coordinate integration between fleet customers’ existing integrated software solutions and Schneider Electric programming interfaces as needed. This means that Schneider Electric’s new EV infrastructure technology will work seamlessly with existing GM solutions where available, such as Energy Assist, OnStar Business Solutions, and OnStar Vehicle Insights, as well as newer technologies moving forward.
“Electrifying fleets is a critical step as we move toward EV adoption at scale and our work with Schneider Electric will help make the shift to electric as seamless and integrated as possible,” said Alex Keros, Lead Architect, EV Infrastructure, General Motors. “GM and Schneider Electric will provide fleet customers an integrated charging solution that can fit their needs through comprehensive fleet-depot charging.”
For more information on EV solutions from Schneider Electric, please visit: https://www.se.com/us/en/work/solutions/for-business/automotive.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
1 According to Corporate Knights 2021 Global 100 Index https://www.corporateknights.com/reports/2021-global-100/top-company-profile-schneider-electric-leads-decarbonizing-megatrend25289-16115328/
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #LifeIsOn #EV #Electrification
Schneider Electric Media Relations – Thomas Eck, Phone: 917-797-4974; This email address is being protected from spambots. You need JavaScript enabled to view it.
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MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, July 29, 2021 at 5:00PM Eastern Time to discuss the Company’s second quarter results, as well as certain forward-looking information. The Company plans to release its second quarter results after the market closes on the same date.
The live conference call will be accessible by telephone at (833) 562-0141 (within the United States and Canada) or (661) 567-1221 (International). Audio replay of the call will be available through August 5, 2021. The replay numbers are: (855) 859-2056 (within the United States and Canada) and (404) 537-3406 (International). The call ID is 8667364.
The conference call will also be available via live webcast. The live webcast may be accessed by visiting the Company’s website at www.wfscorp.com and clicking on the webcast icon. An archive of the webcast will be available on the Company’s website two hours after the completion of the live call and will remain available until August 12, 2021.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
Ira M. Birns
Executive Vice President & Chief Financial Officer
or
Glenn Klevitz, Vice President, Treasurer & Investor Relations
305-428-8000
New York’s Largest Battery Project to Improve Grid Reliability and Aid Transition to Renewables
NEW YORK--(BUSINESS WIRE)--174 Power Global today announced that the New York State Public Service Commission (PSC) approved a Certificate of Public Convenience and Necessity for its 100-megawatt (MW) energy storage project in Astoria, Queens, under development by its indirect wholly-owned subsidiary, East River ESS, LLC. The East River Energy Storage Project was selected, and subsequently contracted, by Con Edison for an energy supply agreement after the PSC directed the utility to procure and deploy 300 MW of qualified energy storage systems in New York City by 2023. Con Edison’s initiatives to procure more energy storage projects complement New York State’s public policy goals to generate 100% electricity from zero-carbon resources by 2040 and reduce greenhouse gas emissions from 85% below 1990 levels by 2050.
174 Power Global plans to re-purpose and construct the East River Energy Storage Project on leased property owned by the New York Power Authority on the site once occupied by the former Charles Poletti power plant. Earlier this year, the East River Energy Storage Project was issued a negative declaration under the New York State Environmental Quality Review Act and is slated to begin operations in 2023. It is the largest battery energy storage project in late stages of development in New York State under contract with a utility.
The East River Battery Energy Storage Project is expected to be able to store or release electricity on demand, thus helping to support the integration of new sources of renewable energy like offshore wind, hydro, and solar generation to replace energy produced by a fleet of fossil fuel plants. Generating power from energy discharged by the battery system can aid in improving air quality and can lead to greenhouse gas reductions by offsetting carbon intensive peak generation since the batteries charge during times of low demand and can generate energy during peak periods. The benefits of adding more energy storage to New York City means a more energy resilient future while improving grid reliability using generating assets located in the region.
"Energy storage technology has emerged as an essential component of the energy landscape and the proliferation of energy storage projects in New York is critical to meeting the state’s ambitious climate change goals,” said 174 Power Global President and CEO, Henry Yun, PhD. “We are pleased to receive approval from the PSC and are one step closer to bringing clean power, as well as other regional electricity and economic benefits, to the Astoria community and state.”
“Battery storage is essential to our quest to create a clean energy future and prevail against climate change,” said Leonard Singh, senior vice president, Customer Energy Solutions, for Con Edison. “Bulk storage will let us bring large amounts of renewable energy to our customers without compromising our industry-leading reliability, even as fossil fuel generators in New York City are shuttered into retirement.”
“The PSC’s approval of this adaptive reuse project on NYPA’s site in Astoria is a big win for New York State and specifically the Queens community and demonstrates an important step towards achieving our ambitious clean energy goals,” said Gil C. Quinones, NYPA president and CEO. “Large-scale battery storage provides the opportunity for greater flexibility and resiliency of the electric grid and will support the growth of renewable energy for decades to come.”
The Project is expected to achieve commercial operation on January 1, 2023, further advancing 174 Power Global’s position in the Northeast. In 2019, 174 Power Global acquired a New York based solar and storage company, now 174 Power Global NE, creating over 25 megawatts of renewable energy for commercial and industrial clients that improves the environment by working with local businesses to meet sustainability goals and manage their long-term energy costs.
About 174 Power Global
174 Power Global is a leading solar and energy storage company that is wholly owned by the Hanwha Group, with offices in NYC and in California. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed nearly 2 gigawatts (GW) of power purchase agreements and has more than 6 GW of additional projects in the development pipeline. 174 Power Global’s name was inspired by the 174 petawatts (PW) of power the earth receives from the sun at any moment. For more information, visit: www.174powerglobal.com/
About Con Edison
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $59 billion in assets. The utility delivers electricity, natural gas and steam to 3.4 million customers in New York City and Westchester County, N.Y. For financial, operations and customer service information, visit www.conEd.com.
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The relationship will bring Vivint smart home systems into Freedom Forever solar customers’ homes and provide a new solar offering to Vivint’s customer base
PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today announced that it has entered into a strategic partnership with Freedom Forever, one of the country’s fastest growing residential solar system installers. The relationship between the two companies will help homeowners get a step closer to living in a smart home that generates as much energy as it uses.
Starting now, Freedom Forever customers will have a Vivint smart home system professionally installed as the first step in the solar installation process, and Vivint customers will have an immediate opportunity to add clean energy production to their homes through Freedom Forever. Vivint is currently developing an integration that will allow the Vivint system to tell the homeowner through its panel interface and app how much energy the panels are producing and how much energy the home is consuming. When used in conjunction with other energy-saving features like the Vivint Smart Thermostat, the companies believe homeowners will be better enabled to make smarter decisions about their energy usage.
“Joining forces with Freedom Forever broadens our offering and provides value to customers who are worried about the environment and skyrocketing energy costs,” said David Bywater, CEO of Vivint. Bywater was previously the CEO of Vivint Solar (acquired by Sunrun), which is the exclusive provider of solar power purchase agreements for both Vivint and Freedom Forever. “This partnership gives me great confidence that we can deliver our customers a truly integrated smart home and energy offering.”
“We are excited about combining two premier services through this partnership with Vivint,” said Brett Bouchy, CEO of Freedom Forever. “Smart Energy is a significant value add that will help customers realize savings sooner and empower them to take control of the environment in and around their home.”
Vivint adding solar to its product offering comes at a time when the company has set its sights on deepening its relationship with homeowners. The company believes that providing a clean energy option as part of its suite will give consumers confidence their homes are not only secure, but also energy efficient—an ever-increasing concern for homeowners as many regions battle extreme summer temperatures.
For more information about Vivint and Freedom Forever, visit www.vivint.com or www.FreedomForever.com.
Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including but not limited to statements concerning the abilities and expected benefits of the anticipated integration of Vivint’s smart home system with Freedom Forever’s solar offering, including, but not limited to, Vivint’s ability to monitor energy production and consumption within its customers’ homes. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties, including those discussed in Part I, Item 1A. “Risk Factors” in the Company’s Amendment No. 1 to its Annual Report on Form 10-K/A for the year ended December 31, 2020, filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2021 (the “Form 10-K/A”), as such factors may be updated from time to time in the Company’s periodic filings with the SEC, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Although Vivint Smart Home believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in those statements will be achieved or will occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Except as required by law, Vivint Smart Home does not undertake and expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. You should read the documents Vivint Smart Home has filed with the SEC, including the Form 10-K/A and the Company’s other periodic filings, for more complete information about the Vivint Smart Home. These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of Vivint’s website at www.vivint.com
About Vivint Smart Home
Vivint Smart Home is a leading smart home company in North America. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than 1.7 million customers throughout the U.S. and Canada. For more information, visit www.vivint.com.
About Freedom Forever
Freedom Forever and its family of companies focuses on residential solar installations that deliver best-in-class Engineering, Procurement, and Construction for its dealer network. Since 2011, Freedom Forever has enabled its dealer network to succeed with a premium offering and aggressive pricing flexibility. Freedom Forever's 25-year production guarantee provides the ultimate peace-of-mind for homeowners reluctant to make a big investment when purchasing their solar systems. With Freedom Forever, homeowners know what they're getting every time. For more information, please visit https://freedomforever.com.
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GUANGZHOU, China--(BUSINESS WIRE)--$XPEV #EV--XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle company, announced today that the XPeng P7 electric sports sedan became the first to receive the 5-star rating from the i-VISTA (Intelligent Vehicle Integrated Systems Test Area) intelligent vehicle testing platform in China. The P7 was among the first batch of vehicles tested by i-VISTA under its Intelligent Vehicle Index evaluation system, based on its new 2020 guidelines.
The P7 achieved four “Excellent” ratings from i-VISTA in smart driving, smart safety, smart interaction, and smart energy efficiency.
The car also obtained “Excellent” ratings in lane change assist, AEB emergency braking, LDW lane departure warning, as well as in smoothness and richness of touchscreen and voice interaction.
Operating under the guidance of the China Automotive Research Institute, the China Society of Automotive Engineering and the China Association of Automobile Manufacturers, the i-VISTA China Intelligent Vehicle Index draws on both domestic and foreign testing and evaluation methodology for smart and connected vehicles, integrating these with driving data, driver behavior and Chinese market characteristics, including traffic accident data and other research findings.
The P7’s autonomous driving assistance system is equipped with 31 autonomous driving sensors powered by the Xavier System-on-Chip supercomputing platform, 5 high-precision millimeter wave radars, 12 ultrasonic sensors, 4 autonomous driving surround-view cameras, 10 autonomous driving high-sensitivity cameras and sub-systems, supporting its meter-level high-precision positioning system. Its comprehensive perception-fusion capability provides the P7 with omnidirectional perception for road conditions, traffic hazards, and other vehicles, pedestrians and objects, covering far, middle and close distance.
The centerpiece of its interactive touchscreen system, the P7’s central control panel, is powered by an auto-grade 820A Qualcomm chip, delivering high performance, data security and stability with low energy consumption. The P7 is also the world's first production vehicle with a full-scenario voice assistant.
As of March 31, 2021, XPeng's adaptive cruise control function has been utilized for a cumulative total of 61.4 million kilometers, with its lane centering control function utilized for 30.2 million kilometers. In March 2021, the average monthly utilization rate of adaptive cruise control and the lane centering control was 62% and 43%, respectively.
P7s in China received XPeng’s Valet Parking Assist (beta) version via the latest firmware OTA upgrade in June this year, following the successful launch of the Navigation Guided Pilot (NGP) highway solution in January 2021.
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About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Smart EVs are manufactured at its plant in Zhaoqing, located in Guangdong province. For more information, please visit https://en.xiaopeng.com.
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XPeng Inc.
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Report demonstrates how company is driving Environmental, Social and Governance (ESG) leadership as a competitive advantage
ESG and Sustainability Report Webcast Scheduled for August 6, 2021
DAVIDSON, N.C.--(BUSINESS WIRE)--World-class recordable safety metrics, a 50% diverse Board of Directors, expanding stockholder rights and giving $150 million as one of the largest employee equity grants believed to ever be given from an industrial company are just a few of the highlights in the Ingersoll Rand Inc. (NYSE: IR) 2020 Global Sustainability Report published this week.
This report marks the company’s second annual Sustainability Report and shines a spotlight on the Operate Sustainably strategic imperative, which is one of five strategic imperatives of Ingersoll Rand along with deploy talent, accelerate growth, expand margins and allocate capital effectively.
“This journey began with a simple commitment to sustainability and that commitment is now fueling our future goals, growth, success and value,” said Vicente Reynal, president and CEO, Ingersoll Rand. “Maximizing our Ingersoll Rand Execution Excellence (IRX) discipline to unlock our ESG potential positively impacts our employees, customers and communities. I am proud of the year-long story of progress this report shares and the employees who made it happen in spite of the challenges we collectively faced with the COVID-19 pandemic.”
Highlights from this Sustainability Report include:
ESG and Sustainability Report Investor Call and Presentation
Ingersoll Rand will host an investor conference call on Friday, August 6, 2021 at 8 a.m. (Eastern time) to discuss the company’s ESG progress, roadmap and 2020 Sustainability Report. To participate in the call, please dial 1-833-502-0496, domestically, or 1-778-560-2573, internationally, and use conference ID 9668554, or ask to be joined into the Ingersoll Rand call.
Download and view the full report here.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.
Media:
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Approximately 37% of Unaffiliated Shareholders Who Voted Opposed Four Targeted Company Director Nominees – Sending a Clear Message that Change is Needed at GeoPark
WICHITA, Kan.--(BUSINESS WIRE)--Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK) today issued the following statement regarding the preliminary voting results from the 2021 GeoPark Annual General Meeting (“the Meeting”) held today:
“With today’s vote, we believe that shareholders have sent a clear message that the status quo should not continue at GeoPark. Based on information available to us, approximately 37 percent of unaffiliated shareholders (shareholders who are not officers or directors of GeoPark) who voted opposed the election of the four Company director nominees we had targeted. I plan to continue to act as an advocate for shareholders so that value is maximized for all shareholders and GeoPark can reach its full potential.”
Investors:
D.F. King & Co., Inc.
Edward McCarthy / Richard Grubaugh
(212) 269-5550
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Sloane & Company
Dan Zacchei / Joe Germani
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SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced that Carl Giesler Jr. will join the company as Executive Vice President and Chief Financial Officer on July 19, 2021. Michael Hancock, who has served as CFO on an interim basis, will continue as Vice President - Finance & Treasurer.
"I am pleased to welcome Carl to the team at an impactful time for Southwestern Energy," said Bill Way, President and Chief Executive Officer. "Carl’s distinctive strategic perspective and disciplined approach to driving shareholder value complement the Company’s existing strategy and leadership team and will help build on SWN’s strong momentum. I want to thank Michael for the steady hand he provided these past many months and look forward to more of his exceptional work as a valued leader of the Company."
Mr. Giesler has more than 25 years of experience serving in various oil and gas finance, investing, and public company executive officer roles, including most recently at SandRidge Energy, Inc. Mr. Giesler received a bachelor's degree from the University of Virginia and a juris doctorate from Harvard Law School. He is a Chartered Financial Analyst.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.
Forward Looking Statement
Certain statements and information in this news release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. The words “believe,” “expect,” “anticipate,” “plan,” "predict," “intend,” "seek," “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding the proposed acquisition of Indigo Natural Resources LLC (the “Proposed Transaction”), expected synergies and other benefits from and costs in connection with the Proposed Transaction, estimated financial metrics giving effect to the Proposed Transaction, our financial position, business strategy, production, reserve growth and other plans and objectives for our future operations, and generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management’s assumptions about future events may prove to be inaccurate. For a more detailed description of the risks and uncertainties involved, see “Risk Factors” in our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids (“NGLs”), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to COVID-19 or other public health crises and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to realize the expected benefits from recent acquisitions or the Proposed Transaction; costs in connection with the Proposed Transaction; the consummation of or failure to consummate the Proposed Transaction and the timing thereof; costs in connection with the Proposed Transaction; integration of operations and results subsequent to the Proposed Transaction; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
Investor Contacts
Brittany Raiford
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SAN ANTONIO--(BUSINESS WIRE)--The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $0.98 per share. The dividend is payable on September 2, 2021, to holders of record at the close of business on August 5, 2021.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.7 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations & Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
Petrofac will use Landmark Digital Well Program® to deliver safe, cost effective and productive wells
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced it signed a contract with Petrofac, an international service provider to the energy industry, to adopt Digital Well Program®, a DecisionSpace® 365 cloud application to automate drilling, completions, and engineering processes.
Powered by the iEnergy® Hybrid Cloud, the Digital Well Program provides the industry’s only integrated digital well program software. It is based on open architecture to enable flexibility so users can co-innovate and create customized solutions to plan, design, and deliver cost-effective and productive wells.
The three-year contract will enable Petrofac to incorporate artificial intelligence, machine learning, and data science to optimize its well engineering service offering. The agreement is part of Petrofac’s digital strategy to significantly reduce non-productive time and drive efficiencies across its global operations.
“DecisionSpace365 enables Petrofac to combine well engineering with productivity tools in the cloud to deliver unique value to their customers. We look forward to collaborating with Petrofac to support their digital transformation journey,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting.
“By combining our decades of well engineering experience with the latest digital technology, such as Halliburton’s iEnergy Hybrid Cloud and Digital Well Program, we will drive further efficiencies for our clients,” said Nick Shorten, chief operating officer of Petrofac Engineering and Production Services.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
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Abu Zeya
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281-871-2688
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External Affairs
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281-871-2601
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2021 before the opening of market on Thursday, Aug. 5, 2021. The company’s press release and financial statements will be available on the company’s website at https://investors.itron.com on Aug. 5, 2021 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results.
Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company’s website at https://investors.itron.com/events.cfm. Participants should access the webcast 10 minutes prior to the start of the call to install and test any necessary audio software. Participants can also pre-register for the webcast at any time using the link above.
A telephone replay of the conference call will be available through Aug. 10, 2021. To access the telephone replay, dial 888-203-1112 or 719-457-0820 and enter passcode 3115180.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643
David Means
Director, Investor Relations
(509) 891-3758
Rebecca Hussey
Manager, Investor Relations
(509) 891-3574
Highlights Vital Relationship Between the Panama Canal and Houston Ship Channel
HOUSTON--(BUSINESS WIRE)--Mr. Laurentino Cortizo Cohen, President of the Republic of Panama, made a historic visit to Port Houston Thursday, highlighting the importance of the connection between the Panama Canal and the Houston Ship Channel. Panama is home to the Panama Canal. The 2016 expansion of the canal helped open new business opportunities and spurred the growth of Asia trade for Houston.
The canal's expanded capacity to accommodate larger vessels has helped increase the number of larger ships calling the Houston Ship Channel. Receiving these larger vessels has fostered continued growth in import and export cargo and economic impact and job creation for the Houston region and Texas.
Last year Houston was ranked the #1 U.S. port in total tonnage, and import containers from East Asia have grown 63%, and export containers have increased 96% since 2016.
"Unquestionably, the expansion of the Panama Canal has had a significant role in the growth of cargo volume and the number of larger ships and vessels calling our port," Executive Director Roger Guenther remarked. "That's why we must continue to make strides with the expansion of the Houston Ship Channel - Project 11 to ensure that we can accommodate the larger ships and vessels, which means more jobs and greater economic impact to our region."
Port Houston welcomed the President with a Memorandum of Understanding recognizing the importance of the relationship between the Panama Canal Authority and the Houston Ship Channel. The President also received a briefing that highlighted Houston Ship Channel business and the efforts of Port Houston, advocating Project 11, the Houston Ship Channel expansion program, which supports the widening and deepening of the 52-mile-long federal waterway and its continued maintenance.
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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HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner has declared the partnership’s quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended June 30, 2021, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on August 13, 2021, to unitholders of record as of August 6, 2021.
Crestwood plans to report financial results for the second quarter 2021 on Tuesday, July 27, 2021, before the New York Stock Exchange opens for trading. Following the announcement, management will host a conference call for investors and analysts at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) that day to discuss the operating and financial results. Crestwood will provide an update on its operations and financial strategy at that time. The call will be broadcast live over the internet via audio webcast. Investors will be able to connect to the webcast via the “Investors” page of Crestwood’s website at www.crestwoodlp.com. Please log in at least ten minutes in advance to register and download any necessary software. A replay will be available shortly after the call for 90 days.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in Crestwood’s annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
Tax Notice to Foreign Investors
This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of Crestwood’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Crestwood’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Crestwood, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
Crestwood Equity Partners LP
Investor Contacts
Josh Wannarka, 713-380-3081
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Senior Vice President, Investor Relations, ESG & Corporate Communications
Rhianna Disch, 713-380-3006
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Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211
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Vice President, Sustainability and Corporate Communications
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its subsidiary, Corpus Christi Liquefaction Stage III, LLC (“Corpus Christi Stage III”), has entered into a long-term gas supply agreement (“GSA”) with Tourmaline Oil Marketing Corp. (“Tourmaline”), a subsidiary of Tourmaline Oil Corp. (TSX: TOU), the largest natural gas producer in Canada.
Under the GSA, Tourmaline has agreed to sell 140,000 MMBtu per day of natural gas to Corpus Christi Stage III for a term of 15 years beginning in early 2023. The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (“mtpa”), will be marketed by Cheniere. Cheniere will pay Tourmaline an LNG-linked price for its gas, based on the Platts Japan Korea Marker (JKM), after deductions for fixed LNG shipping costs and a fixed liquefaction fee. Tourmaline Oil Corp. is acting as guarantor of the GSA on behalf of Tourmaline. This Integrated Production Marketing (IPM) transaction is expected to support the development of the Corpus Christi Stage III project.
“This latest IPM agreement with Canada’s largest natural gas producer demonstrates the breadth of Cheniere’s natural gas resource supply and the range of our commercial options,” said Jack Fusco, Cheniere’s President and CEO. “This commercial agreement is expected to support our shovel-ready Corpus Christi Stage III project while enabling Canadian natural gas to reach international LNG markets. Additionally, it reinforces Cheniere’s track record of creating collaborative, innovative solutions to meet customers’ needs and supports Cheniere’s growth.”
“Our long-term supply agreement with Cheniere is the next important step in Tourmaline Oil Corp’s evolving market diversification strategy. We are pleased to be supplying low emission Canadian natural gas with Cheniere to growing international markets,” said Mike Rose, Tourmaline Oil Corp’s President and CEO.
The Corpus Christi Stage III project is being developed to include up to seven midscale liquefaction trains with a total expected nominal production capacity of approximately 10 mtpa. It has received all necessary regulatory approvals.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Investors
Randy Bhatia, 713-375-5479
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
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