DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“Leeward Operations”), a subsidiary of Leeward Renewable Energy, LLC (“Leeward”), closed an offering of $375 million in aggregate principal amount of 4.250% Senior Notes due 2029 (Green Bonds). Wells Fargo Bank is acting as Administrative Agent for the $100 million revolving credit facility that closed with the bond offering. Last month, Leeward also closed a $75 million letter of credit facility with Wells Fargo Bank.
Leeward recently unveiled its Green Bond Framework, detailing Leeward’s rationale for issuance of the bonds and proposed use of proceeds. The bonds were assigned a first-time issuer default rating of BB- by Fitch and a first time Ba3 corporate family rating by Moody’s.
“We are pleased with our debut offering, enabling us to execute on our aggressive growth strategy across our wind, solar and renewable energy storage platform,” said Leeward Chief Financial Officer Chris Loehr. “Responsible development is a value that runs deep at Leeward, and we intend to pursue a lower carbon future through the responsible development, construction, operation and maintenance of renewable energy projects.”
Since 2003, Leeward has produced nearly 68,000,000 megawatts hours of renewable energy and has avoided approximately 66,000,000 metric tons of carbon emissions. Today’s announced transactions will support Leeward’s high-growth plans and continued leadership in providing reliable access to clean energy.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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DUBLIN--(BUSINESS WIRE)--The "Li-ion Battery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global market for Li-ion Battery, estimated at US$46.6 Billion in the year 2020, is projected to reach a revised size of US$127.8 Billion by 2027, growing at a CAGR of 15.5% over the analysis period 2020-2027.
Lithium Nickel Manganese Cobalt (NMC), one of the segments analyzed in the report, is projected to grow at a 17.1% CAGR, to reach US$52 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium Iron Phosphate (LFP) segment is readjusted to a revised 14% CAGR for the next 7-year period. This segment currently accounts for a 26.5% share of the global Li-ion Battery market.
The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 20% CAGR for the Period of 2020-2027
The Li-ion Battery market in the U.S. is estimated at US$12.6 Billion in the year 2020. The country currently accounts for a 26.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$29.8 Billion in the year 2027 trailing a CAGR of 20.3% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR while Rest of European market (as defined in the study) will reach US$29.8 Billion by the year 2027.
Select Competitors (Total 98 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/6g9akx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will take part in the USA Pavilion at DEFEA Defence Exhibition on July 13-15, 2021, at the Metropolitan Expo in Athens, Greece. This high-profile international defense event will bring together leaders in the defense and security industry alongside companies from across the globe to present land, naval, aerospace, national, and cybersecurity defense systems.
Advent, alongside its subsidiary UltraCell, is hosting a booth to showcase portable fuel cell products as part of the USA Pavilion. The USA Pavilion will feature top U.S. companies and influencers in the defense industry. The DEFEA exhibition is organized by Rota exhibitions Greece, under the auspices of the Hellenic Ministry of National Defence, the General Directorate for Defense Investments and Armaments (GDDIA) and the Hellenic Ministry of Shipping, with the support of the Hellenic Manufacturers Association of Defense Material, the Hellenic Aerospace Security and Defense Industries Group and the Hellenic Association of Space Industry. The USA Pavilion at the Exhibition is organized by the American-Hellenic Chamber of Commerce, under the auspices of the Embassy of the United States of America. The USA Pavilion will occupy more than 1,000m2, where 32 leading American defense industry companies will display state-of-the-art equipment, services, heavy vehicles, and U.S. military helicopters.
A leader in lightweight fuel cells for the portable power market, UltraCell has portable fuel cell units currently deployed in the field by U.S. military and security agencies. UltraCell is working with the U.S. Department of Defense for logistical solutions by using methanol for portable lightweight chargers that do not require JP8 fuel (Jet Propellant 8) to run the system, thus helping to decrease its carbon footprint. For example, UltraCell’s Generation 3 of the XX55™ fuel cell systems convert methanol into electricity to meet both the demand for portable power on the battlefield and carbon neutral goals.
Advent will be showcasing three fuel cell products at DEFEA:
To learn more about these and other groundbreaking developments at Advent, please visit us at the USA Pavilion, Advent Booth, Hall 4, Booth A7.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents issued (or pending) for its fuel cell technology, Advent holds the IP for next-generation high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, maritime, aviation and power generation sectors. For more information, please visit www.advent.energy.
About UltraCell
UltraCell, a wholly owned subsidiary of Advent Technologies, is a leader in lightweight fuel cells for the portable power market with mature products and cutting-edge technology. The portable battery chargers produced by UltraCell are the only "Made in USA" fuel cell products approved by the North Atlantic Treaty Organization (NATO), and one of the only two manufacturers across NATO. UltraCell units are already deployed in the field by U.S. military and security agencies. Three additional NATO allies are currently testing UltraCell systems. UltraCell’s fuel cell products have also been recognized and presented in multiple global NATO events. For more information, please visit www.ultracell-llc.com.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
James Goldfarb / Emily Mohr
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Company investing in growth through the addition of corporate governance expertise
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced the addition of Joan C. Conley to the Company’s Board of Directors. As a former member of the Nasdaq leadership team, Conley brings expertise as an advisor to public company leadership teams and Boards on the design, development, and execution of corporate governance and ESG programs.
Conley spent nineteen years as Senior Vice President and Corporate Secretary at Nasdaq, Inc. She was responsible for the Nasdaq Global Corporate Governance Program, the Nasdaq Global Ethics and Corporate Compliance Program, and the Nasdaq Educational Foundation. Her investor engagement experience and governance insight have earned her global recognition as a leader in corporate governance and ESG matters, and her passion for entrepreneurial companies culminated in establishing the Nasdaq Entrepreneurial Center. Conley served as Vice President and Corporate Secretary at Nasdaq, Inc.’s predecessor company, NASD (now FINRA), for eight years.
“Joan brings a necessary component of corporate governance to the already strong Tigo Energy board,” stated Zvi Alon, chairman and CEO, of Tigo Energy. “Her leadership and experience are precisely what Tigo needs as we continue to grow in 2021 and beyond.”
“Working with entrepreneurs like Zvi has been my passion for many years,” said Ms. Conley. “Having spent my time at Nasdaq helping hundreds of companies grow, I am ecstatic at the opportunity to help a renewable energy leader, like Tigo Energy, in the areas of shareholder engagement and corporate governance.”
Conley currently serves on the board of EJF Acquisition Corp. (“EJFA”) and earned a BA from Dominican University and an MS from Loyola University of Chicago. She is currently a member of the Society of Corporate Governance Professionals, the Economic Club of Washington D.C., and a founding and former member of the Advisory Board of the Harvard Law School Corporate Governance Forum.
About Tigo Energy
Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.
Media Contact for Tigo
Mike Gazzano
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VANCOUVER, British Columbia--(BUSINESS WIRE)--An online dashboard developed by the Clear Seas Centre for Responsible Marine Shipping (Clear Seas) provides a comprehensive, first-of-its-kind publicly available picture of marine shipping incidents and accidents in and around Canadian waters.
“Simply put, we need to be able to look to what happened in the past to anticipate and prevent what could happen in the future,” says Paul Blomerus, Clear Seas’ Executive Director. “By learning from previous events, we’ll be able to better assess risk, and help ensure safer, more responsible marine shipping.”
To create the Marine Incidents and Accidents dashboard, Clear Seas accessed more than 140,000 reports of vessels involved in marine events, which were filtered to create a spatial dataset of cargo ships, tugboats, cruise ships and ferries involved in occurrences over a 10-year period from January 2009 to December 2018. The dashboard focuses on events involving commercial shipping, so fishing and government vessels as well as pleasure craft are not included. The dashboard and the project’s summary report are available here.
Of the 5,220 vessels involved in incidents or accidents that occurred in this period, 157 were considered serious accidents. “This relatively small number of serious incidents over the span of a decade should reassure Canadians that we have a safe maritime transportation system and robust regulations in place,” Blomerus says.
Public opinion surveys conducted for Clear Seas show that the safety of commercial marine shipping is a key concern for Canadians. This is especially true when it comes to commercial vessels carrying hazardous materials or oil as either cargo or fuel.
And the threat of pollution from an accident doesn’t just come from Canadian waters. Some of the heaviest marine shipping traffic areas such as the Salish Sea and Great Lakes include both Canadian and U.S. territory. “With changing winds and tides, disabled ships and pollution don’t respect international boundaries,” says Blomerus.
For this reason, the project team pulled together data from the Transportation Safety Board of Canada (TSBC), the U.S. Coast Guard and the U.S. National Transportation Safety Board. The creation of the dataset that forms the dashboard is an important development in collating and charting North American maritime incidents and accidents in a common format and presenting those results on a map.
Blomerus says that the power of the Clear Seas dashboard means that a range of users from a member of the public to a professional risk analyst in the marine industry can use it to understand trends and distributions in any area of interest. “We hope this will help users understand the breadth and scope of marine incidents and accidents in Canada, and in doing so contribute to a safer marine environment,” he says.
About Clear Seas
Clear Seas is a not-for-profit independent research centre funded by Canada’s provincial and federal governments as well as industry. It provides impartial information on marine shipping in Canada to policy makers and the public. Its mandate is to initiate and interpret research, analyze policies, identify best practices, share information and facilitate dialogue. The organization’s research agenda is defined internally in response to current issues, reviewed by a research advisory committee, and approved by a board of directors. All reports are available at clearseas.org.
Media:
Edward Downing
Director of Communications
(604) 408-1648 ext. 106 or cell (604) 817-3058
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DUBLIN--(BUSINESS WIRE)--The "Robotic Drilling Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The robotic drilling market is expected to record a CAGR of over 6% during the forecast period.
Companies Mentioned
Key Market Trends
Onshore to Dominate the Market
North America to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2026
4.3 Active Rig Count, till January 2021
4.4 Global Upstream CAPEX Forecast in USD billion, till 2026
4.5 Recent Trends and Developments
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Deployment
5.1.1 Onshore
5.1.2 Offshore
5.2 Component
5.2.1 Hardware
5.2.2 Software
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Ensign Energy Services Inc.
6.3.2 Huisman Equipment BV
6.3.3 Drillmec Inc.
6.3.4 Sekal AS
6.3.5 Abraj Energy Services SAOC
6.3.6 Drillform Technical Services Ltd.
6.3.7 National-Oilwell Varco, Inc.
6.3.8 Rigarm Inc.
6.3.9 Automated Rig Technologies Ltd
6.3.10 Nabors Industries Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/sr2p3n
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Gastronics relies on MPS™ sensor technology to reduce the total cost of ownership, improve worker safety, and save lives.
RENO, Nev.--(BUSINESS WIRE)--#MPS--NevadaNano, the world’s leading innovator in gas detection sensor technology, announced that Gastronics, Inc., a U.S. based gas detection manufacturer known for being a pioneer in wireless gas detection, has incorporated NevadaNano’s Molecular Property Spectrometer™ (MPS™) technology into its wired and wireless product offering.
“Gastronics, a company that is known for its vision in problem-solving solutions, recognized the unique capabilities and value our MPS flammable gas sensors bring to their customers,” said Ralph Whitten, President of NevadaNano. “Known for leveraging state-of-the-art technology, the company is setting the standard with its next-generation wired & wireless solutions using NevadaNano technology.”
The Gastronics range of products utilizing the MPS sensor greatly improves leak detection and worker safety in industries including oil and gas, chemical, tank storage facilities, pipeline, and many others. NevadaNano's MPS sensor technology, with built-in environmental compensation for temperature, pressure, and humidity, detects and quantifies 14 of the most common hydrocarbon gases with the one factory calibration, a feature referred to as TrueLEL. The MPS Gas Transmitter with the MPS sensor provides a classification of the gas type, which includes hydrogen, H2 mix, methane, light gas, medium gas, and heavy gas. It delivers accurate gas concentration readings across the full environmental range, including rapid environmental transients with best-in-class accuracy while minimizing false positives.
Bud Dungan, President of Gastronics, stated, “By integrating the MPS sensor into our product range, we can now offer our customers the most accurate combustible gas leak detection for multiple gases using just one sensor. The no field calibration requirements for the life of the MPS sensor is a very significant shift from industry practices and will be of great value for all our customers. We are proud to be the first to offer this technology in both a fixed wired and wireless product.
For more information, contact NevadaNano at This email address is being protected from spambots. You need JavaScript enabled to view it. or connect on Linkedin. For more on Gastronics, visit https://gastronics.com/mps-gas-detector/.
Phyllis Grabot, 805.341.7269
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New families are tailored for demanding applications that require high voltage, high isolation and enhanced shielding from EMI.
HAWTHORNE, Calif.--(BUSINESS WIRE)--Teledyne Relays today announced availability of four new reed relay product families, all offering extremely long life of up to 1 billion cycles, ideal for applications where high reliability is essential. The new product lines complement the already broad array of rugged switching solutions the company has been supplying for more than 60 years.
Reed relays offer a compact and lightweight solution for switching of AC or DC signals. Contacts are hermetically sealed inside a glass envelope which protects them from corrosion. Compared with other mechanical-based relays, reed relays offer low power consumption, low contact capacitance and faster switching speeds.
The new reed relay product families are optimized for different customer demands:
“Teledyne’s new products provide some of the fastest switching times, highest vibration resistance and widest operating temperature ranges available,” said Michael Palakian, Teledyne Relays’ Global Director of Sales & Marketing.
Applications for the new products include radar, telecommunications, automated test equipment, dielectric voltage testing/ Hi-Pot testing, ESD sensitivity testing, and power protection circuits.
Devices are available for ordering and shipment today from Teledyne Relays or an authorized distributor.
ABOUT TELEDYNE RELAYS
Teledyne Relays is Everywhereyoulook™, providing switching solutions for aviation, test & measurement equipment, industrial control, and military & space applications. For more information, visit www.teledynedefenseelectronics.com/relays/
ABOUT TELEDYNE DEFENSE ELECTRONICS
Serving Defense, Space and Commercial sectors worldwide, Teledyne Defense Electronics offers a comprehensive portfolio of highly engineered solutions that meet your most demanding requirements in the harshest environments. Manufacturing both custom and off-the-shelf product offerings, our diverse product lines meet emerging needs for key applications for avionics, energetics, electronic warfare, missiles, radar, satcom, space, and test and measurement. www.teledynedefelec.com.
Sharon Fletcher
Teledyne Defense Electronics
+1 323-241-1623 This email address is being protected from spambots. You need JavaScript enabled to view it.
LIVONIA, Mich.--(BUSINESS WIRE)--#REPs--After years of consistently growing brand trust among their customers, trust in Texas retail electric providers (REPs) eroded in the first half of 2021 as winter storms left customers seeking support beyond standard service. The average Texas REP scored 739 on Escalent’s Brand Trust Index in the second half of 2020 thanks to the customer support REPs provided during the pandemic. In the first half of 2021, the score declined to 723 as customers were disappointed with some REPs on their support during the winter storms. These findings are from the Cogent Syndicated 2021 Texas REP Trusted Brand study, conducted by Escalent, a top human behavior and analytics advisory firm.
Escalent has measured customer trust of more than 50 Texas REPs since 2016 using the firm’s Brand Trust Index, which is a composite score of the full customer experience. While all Texas REPs perform extremely well on satisfaction with rate, billing and customer service, other factors have more impact on the brand strength and value of a REP.
Performance to customer expectations on community support, environmental stewardship, ease of doing business, being prepared for emergencies, and putting the needs of their customers first are qualities that build greater brand loyalty and customer attraction. Yet, these ratings are lower for REPs overall than service satisfaction and show clear differences between good and great REPs.
“The 2021 storms were a real test for Texas REPs in terms of how they support and relate to customers. And many providers were able to show true commitment to their customers and communities,” said Chris Oberle, senior vice president at Escalent. “In terms of brand value, the challenge for lower scoring REPs is proving why customers should want to do business with them. During the storms, customers learned which retailers deserve their business and identified the ones most trusted to provide the full value and support they expect. Our list of most trusted REPs exceeded those expectations.”
Additional findings from the study:
Escalent congratulates the following REPs on being named Most Trusted Brands among Texas REPs. These brands represent customer-focused companies that Texans can trust to exceed their expectations.
Cogent Syndicated 2021 Most Trusted Brands
|
||||
4Change Energy |
Express Energy |
|||
Alliance Power |
Green Mountain Energy |
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Ameripower |
TriEagle Energy |
|||
Constellation |
Xoom Energy |
|||
Below are Texas REPs ranked by Escalent’s Brand Trust Index, showing annual score change.
Texas Retail Electric Provider |
Brand Trust Index |
% Score Change From 2020 |
||||
TriEagle Energy |
797 |
8% |
||||
4Change Energy |
792 |
5% |
||||
Constellation |
785 |
12% |
||||
Express Energy |
781 |
n/a |
||||
Ameripower |
765 |
-8% |
||||
Green Mountain Energy |
759 |
-3% |
||||
Xoom Energy |
757 |
6% |
||||
Alliance Power |
756 |
-5% |
||||
|
|
|||||
Cirro Energy |
752 |
-1% |
||||
CPL Retail Energy |
749 |
4% |
||||
New Power Texas |
742 |
n/a |
||||
Acacia Energy |
739 |
-4% |
||||
Brilliant Energy |
739 |
14% |
||||
Amigo Energy |
738 |
0% |
||||
Reliant Energy |
737 |
2% |
||||
Spark Energy |
734 |
-6% |
||||
Champion Energy Services |
732 |
-4% |
||||
Ambit Energy |
729 |
4% |
||||
TXU Energy |
725 |
-1% |
||||
Direct Energy |
724 |
-1% |
||||
Stream Energy |
705 |
-2% |
||||
WTU Retail |
705 |
-6% |
||||
Entrust Energy |
703 |
11% |
||||
Gexa Energy |
694 |
1% |
||||
Just Energy |
693 |
-2% |
||||
Frontier |
676 |
-1% |
||||
First Choice Power |
674 |
-3% |
||||
Discount Power |
640 |
-8% |
||||
* Boldface Texas REPs are 2021 Most Trusted Brands |
||||||
About Texas REP Trusted Brand™
Cogent Syndicated measures Customer Engagement and Brand Trust among customers of Texas retail electric providers by surveying 4,582 customers across providers based upon data-driven models. The study measures key performance indicators (KPIs) to provide management perspectives on how to improve REP brand positioning, sales and promotion, customer trust, effective messaging, product sales, customer experiences, service quality, customer acquisition and loyalty. Escalent’s Brand Trust Index comprises nine factors: community support, customer focus, communications effectiveness, environmental dedication, local reputation, reliable quality, competitive rates, enhanced offerings, and billing and customer service. The study collects a demographically representative sample across all Texas service territories open for retail electric competition. Escalent will supply the exact wording of any survey question upon request.
About Escalent
Escalent is a top human behavior and analytics advisory firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.
Sarah Keller, 734.779.6847
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HOUSTON--(BUSINESS WIRE)--#ESG--Milestone Environmental Services, LLC (“Milestone”), one of the largest independent providers of energy waste sequestration in the U.S., today announced the release of its inaugural Sustainability Report. The report illustrates the company’s profoundly carbon-negative emissions profile, demonstrates its commitment to further environmental, social, and governance (ESG) initiatives, and provides a stark opportunity for our energy company customers to reduce the greenhouse gas (“GHG”) intensity of their operations.
“Since Milestone was founded in 2014, we have innovated, engineered, and built advanced waste management solutions that are simultaneously net negative for carbon emissions and highly protective of soil and groundwater,” said Milestone President and CEO Gabriel Rio. “This inaugural Sustainability Report shares how Milestone’s responsible waste management technology and processes help reduce greenhouse gas emissions and safely reduce the carbon impact of energy companies.”
Highlights from FY20 Sustainability Report:
Rio added, “Milestone’s Sustainability Report highlights the negative impact that mismanaged energy waste can have on the environment. Alternately, it also shares the positive contributions Milestone’s customers enjoy through Milestone’s safe, secure, and reliable energy waste practices. We offer the energy industry an effective, cost-efficient, and environmentally superior way to permanently sequester waste hydrocarbons, reduce GHG intensity, and meet sustainability goals.”
The 2020 Sustainability Report provides a starting point from which Milestone will continue to advance the company’s culture, improve performance, and further integrate important ESG initiatives into its plans for growth. Milestone’s Sustainability Report can be accessed on the company’s website at milestone-es.com.
About Milestone Environmental Services
Milestone is an energy waste sequestration company with assets throughout the Permian Basin and the Eagle Ford Shale. We are the largest independent energy waste sequestration company in the United States, and a key business partner to energy companies looking to reduce their carbon footprint through cost-efficient waste management solutions. Our network of slurry injection sites and best-in-class E&P landfills provides a new avenue for management and sequestration of hydrocarbon-rich energy waste streams. We are committed to protecting the environment and our communities by offering a better way to manage waste and play a key role in a forward-looking carbon agenda. Milestone is a partner in the transition to a sustainable energy future. For more information, please visit milestone-es.com.
Jessica Clements, This email address is being protected from spambots. You need JavaScript enabled to view it.
TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTC Pink: UNTC) (Company) announced today that its board of directors has authorized repurchasing up to $25 million of its outstanding common stock. The repurchases will be made through open market purchases, privately negotiated transactions, or other available means.
The Company also announced today that its long-term debt as of June 30, 2021 was $35 million.
Philip B. Smith, the Company’s Chairman and Chief Executive Officer, commented, “The board's approval of this stock repurchase program reflects the confidence we have in our company as well as our commitment to optimizing shareholder returns. Our improved operational performance and reduction in long-term debt provide an opportunity for the Company to return cash to shareholders in the form of stock buybacks and execute our growth strategy, including potential business acquisitions.”
Repurchases will be made from time to time at the Company’s discretion depending on market conditions, share price and availability, and other factors. The Company intends to fund repurchases from available liquidity. The Company has no obligation to repurchase any shares under the repurchase program and may suspend or discontinue it at any time without prior notice.
Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes.
About Unit Corporation
Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas production, contract drilling, and natural gas gathering and processing. For more information about Unit Corporation, visit its website at www.unitcorp.com.
Forward-Looking Statements
This press release has forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All statements, other than statements of historical facts, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur are forward-looking statements. Several risks and uncertainties could cause actual results to differ materially from these statements, including not having enough broker dealers making a market in the Company’s stock, limited liquidity in the Company’s stock and other factors described in the Company's publicly available SEC reports. The Company assumes no obligation to update publicly such forward-looking statements, whether because of new information, future events, or otherwise.
Linda Baugher
Investor Relations
(918) 493-7700
www.unitcorp.com
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021.
--- # # # ---
About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $84 billion of total assets, and approximately 10,300 employees at March 31, 2021. Production excluding Libya averaged 1,488 MBOED for the three months ended March 31, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for our announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following our announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Dennis Nuss (media)
281-293-1149
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Investor Relations
281-293-5000
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Marriott Hacienda Belén installs a microgrid to reduce CO2 emissions and electricity consumption with the installation of more than 450 solar panels
BOSTON--(BUSINESS WIRE)--CPG Hospitality and Enjoy Group, owners of Costa Rica Marriott Hacienda Belén, today announced the hotel is installing a microgrid controlled, optimized, and managed by Heila Technologies, representing the first of the Marriott chain in Latin America to deploy the technology. The microgrid will allow the hotel to avoid 20.8 tons of CO2 per year, reduce electricity consumption, have energy coverage, and increase resilience against electrical outages.
A microgrid is an integrated, low-voltage energy generation and distribution system made of solar panels, storage batteries, energy inverters, and control software that manages the generation, storage, and distribution of the energy produced. Microgrids can be controlled as individual entities or operated in parallel to the public grid. Microgrids can also function independently of the grid, protecting against voltage fluctuations, power failures, or other anomalies coming from the electrical grid, thus adding an additional layer of reliability, while relying on the storage batteries.
The Costa Rica Marriott Hacienda Belén initiative stems from the company's sustainability goals and Marriott International's 360 Serve program, through which the hotel chain aims to positively impact the communities where it operates.
“Our goal with this initiative is to help the environment by reducing carbon emissions while also reducing electricity consumption. Since 2017 we have been investing in sustainability programs—a central element in improving our guest experience,” said Daniel Grew, Strategic Sustainability Advisor for CPG Hospitality.
greenenergy®, a Costa Rican-based company, will install the microgrid in alliance with the Massachusetts-based company Heila Technologies, whose control and optimization software Heila Edge® will serve as the brain of the microgrid. Heila is known for its decentralized approach to microgrid control and optimization, which is the most state-of-the-art architecture in the industry today. The Heila Edge® Platform leverages emergent intelligence that automatically connects any power asset, in any configuration, into a resilient operating grid network. Its modular and adaptive nature enables it to scale as demand needs change and the grid evolves, making it one of the most flexible products on the market today.
“Today's traveler is seeking a resort that is both comfortable and runs an environmentally-friendly operation. This microgrid deployment is part of a larger environmentally-focused initiative at Marriot, which also includes planting more trees around the country,” said Dennis Whitelaw, general manager of Costa Rica Marriott Hacienda Belén.
The investment represents an important change on how the hotel will operate on an energy level. The microgrid deployment work is expected to be completed in November, creating the most advanced control and optimization system nationwide with its decentralized control technology. Through the installation, the hotel will generate 30 indirect jobs in Costa Rica.
"At greenenergy, we are constantly evolving, researching, and innovating to offer clean energy solutions with the most advanced technology that contributes to the economic reactivation of the country, benefiting our clients in their pursuit of their triple bottom line objectives," said Fernando Ortuño, CEO of greenenergy® Costa Rica.
"Our mission is to provide smart solutions to more projects like this that are focused on energy savings and resiliency, and we are proud to have been chosen by greenenergy® as the preferred controls and software solutions provider. We will continue working together in the future to offer to other Costa Rican and regional companies the most advanced electric microgrids," added Francisco Morocz, CEO of Heila Technologies.
About Heila Technologies
Heila Technologies is an MIT-born company dedicated to simplifying the integration and operation of Distributed Energy Resources (DERs). Combining decades of deep theoretical knowledge and practical industry experience, Heila’s mission is to transform the energy industry from the ground up using DERs as the pillars of a new clean, resilient, and equitable grid. Its decentralized optimization system provides unparalleled automation and modularity, dramatically reducing system complexity and cost. The company was founded in 2015 and is based in Greentown Labs in Somerville, Massachusetts. To learn more, visit www.heilatech.com.
About greenenergy®
greenenergy® is a Costa Rican Company with more than 10 years of experience in the clean energy industry. They have installed more than 13MWp locally, the equivalent of more than 30,000 solar panels. Some of their main clients are the Caribbean Property Group, Auto Mercado, Purdy Motor, Grupo Acón, TLA, Honda, Yamaha, Vindi, and POPS, amongst others. They install and maintain on and off-grid photovoltaic solar systems, and in 2021 they started implementing micro-grids, the biggest energy trend for industries. For more information visit www.greenenergy.cr.
Emily Lospennato
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LUXEMBOURG--(BUSINESS WIRE)--CNES, the Luxembourg Space Agency (LSA), the European Space Resources Innovation Centre (ESRIC) and Air Liquide signed a Letter of Intent (LoI) confirming their commitment to work together on developing research and technology (R&T) activities. In the months ahead, the four partners will be pursuing their discussions on research projects encompassing space exploration and in situ resource utilization (ISRU).
Previous multilateral discussions between the 4 partners confirmed a shared interest in working together in areas such as in situ production and storage of oxygen and hydrogen, production and storage of hydrogen energy in space and on the lunar surface, technologies for life support, and the refueling of satellites and launchers in orbit.
“We believe this new collaboration between France and Luxembourg will be instrumental in developing our center and we’re delighted to be working with players like CNES and Air Liquide” said Mathias Link, ad-interim Director of ESRIC.
Based in Luxembourg, ESRIC is unique of its kind and is focusing on the use of Space Resources for human and robotic exploration. It is powered by LSA and the Luxembourg Institute of Science and Technology (LIST), with The European Space Agency (ESA) as a strategic partner.
CNES, LSA, ESRIC and Air Liquide are in discussions to form within the 2022 timeframe joint teams to work on concrete research projects aimed at developing key technologies for in situ production and utilization of gases required to make space exploration more viable in the long term.
Juliette Pertuy
Luxembourg Space Agency
Tel : +352 247-74157
Mobile : +352 621 985 150
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Integra’s first 100V RF GaN product, the IGN1011S3600, delivers breakthrough output power performance of 3.6 kiloWatts at 70% efficiency for next generation avionic systems
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Integra, a leading provider of innovative RF and Microwave Power solutions that help make a safer and more connected world, today introduced the industry’s first 100V RF GaN/SiC technology targeting a wide-range of applications including radar, avionics, electronic warfare, industrial, scientific and medical systems. Operating at 100V, this technology shatters RF power performance barriers by achieving 3.6 kiloWatts (kW) of output power in a single GaN transistor. Integra’s 100V GaN gives designers the ability to dramatically increase system power levels and functionality while simplifying system architectures with less power combining circuitry compared to the more commonplace 50V/65V GaN technology. Customers ultimately benefit with a smaller system footprint and lower system cost.
Suja Ramnath, Integra’s President and CEO, said, “Integra’s 100V RF GaN technology signifies a major milestone in the high-power market. This innovative technology removes the barriers limiting system performance today and allows new architectures previously not possible. We are excited that this disruptive technology will enable our customers to deliver a new generation of high-performance, multi-kiloWatt RF power solutions while reducing their design cycle time and product costs.”
Dr. Mahesh Kumar, an Aerospace and Defense radar systems architect and technology executive, said, “Integra’s first to market 100V RF GaN technology will completely redefine what’s possible for high power RF systems.” By delivering approximately two times the power compared to a 50V GaN transistor in a single package, it will eliminate a significant number of combiners and associated electronic circuitry, resulting in lower system volume, weight and cost, and higher system efficiency.
Integra’s first 100V RF GaN product is the IGN1011S3600, designed specifically for avionics applications. The IGN1011S3600 delivers an industry leading 3.6 kW of output power with 19dB of gain and 70% efficiency. The IGN1011S3600, based on Integra’s 100V RF GaN, is a compelling solution for programs that require size, weight, power and cost (SWAP-C) improvements. The IGN1011S3600 100V RF GaN/SiC is available for sampling to qualified customers.
Part Number |
IGN1011S3600 |
Frequency Range |
1030-1090 MHz |
Output Power |
3600W |
Efficiency |
70% |
Large Signal Gain |
19 dB |
Drain Bias |
100V |
ABOUT INTEGRA TECHNOLOGIES, INC.
Founded in 1997, Integra is a leading innovator of RF and Microwave high power semiconductor and amplifier pallet solutions for mission-critical applications, including state-of-the-art radar, electronic warfare, and advanced communications systems. For more information visit www.integratech.com.
Angie Callau
Integra Technologies Inc
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310-606-0855 x141
Imposters returning to tactics that target customers at their homes following lifting of pandemic restrictions
CHICAGO--(BUSINESS WIRE)--With the gradual lifting of COVID-19 safety restrictions, ComEd and the Better Business Bureau (BBB) of Chicago and Northern Illinois remind customers to be on the lookout for utility-company imposters approaching homes and businesses to steal information and valuables.
“ComEd takes seriously its responsibility to help our customers protect themselves,” said Nichole Owens, ComEd vice president of customer channels. “As residents become more comfortable talking with people outside their household, you can bet that imposters will take advantage of this opportunity to approach people at home in an attempt to steal their personal information, financial information and even their belongings.”
“With summer officially underway and the arrival of warm weather, we get the most reports of scams, including home repair, tree trimming, driveway and, of course, utility scams,” said Steve Bernas, president and CEO of BBB Chicago and Northern Illinois. “We urge consumers to be extremely leery of anyone who knocks at your door or contacts you unsolicited by flyer, phone call or email. We also encourage consumers to do research on businesses and get references before you buy. A great place to start is BBB.org for free reviews and ratings.”
In-person energy-related scams
Utility scams consumers have reported to ComEd and the BBB include incidents of scammers who approach homes or small businesses posing as an employee from ComEd, another utility or a tree service company. They attempt to lure the resident or business owner outside to discuss work that the imposter claims needs to be completed. While the individual is outside, an accomplice will enter the home or business to steal valuables and documents containing the individual’s personal or financial information.
ComEd and the BBB have also learned of individuals visiting home and business owners, then asking for a copy of their utility bill or other personal documents to steal identities or switch the owner’s energy supplier without permission.
Scammers will sometimes call homes and small businesses using a number that appears to be a ComEd phone number. Offenders will also impersonate the names of ComEd and other trusted organizations by creating email addresses or websites that look like the real sites.
Tips to help identify scams
1. ComEd will never come to a customer’s home or business to:
2. ComEd will never call a customer to:
3. To identify an actual ComEd employee or communication, remember:
ComEd urges anyone who believes they have been a target or victim of a utility-related scam to call ComEd at 1-800-EDISON-1 (1-800-334-7661). To learn more, visit ComEd.com/ScamAlert.
BBB also urges anyone encountering a scam to report it to the BBB Scamtracker as a way to alert others and help protect the community. Consumers can also visit the BBB Scamtracker to view the latest scams nationally, right down to their community.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
BBB of Chicago and Northern Illinois is a nonprofit organization that holds businesses to a higher standard and connect consumers with businesses they can trust. We have served both local Chicago and Northern Illinois consumers and trustworthy businesses for over 95 years. We help protect consumers from fraudulent practices in the marketplace and provide an extensive free database for consumers to see business ratings and reviews for research before they buy.
ComEd Media Relations
312-394-3500
Better Business Bureau
312-446-0252
HOUSTON--(BUSINESS WIRE)--Houston-based technology development firm XR Team LLC has announced the naming of a proactive advisory board. The board members are Pat Murray, Gordon Hall, and Paul Deere. The board will be available to advise the firm on growth strategies, ESG goals, and avenues into industrial partnerships. Biographies of the new board members are available at XRteam.com.
Edward Spatz, CEO of XR Team, indicates, “We greatly appreciate the support provided by the members of this advisory board who are bringing years of global expertise and a wide breadth of successes to our endeavors.” Speaking of the firm’s DiaGlide bearing advancements, advisory board member Gordon Hall stated, “I believe that the low friction, lubrication optionality, and energy efficiency of DiaGlide technologies present multi-industry opportunities.” JD Woodward, Chairman of XR Team, added, “The broad scale potential for positive environmental impact coupled with the efficiencies of the Green Tribology character of DiaGlide and the anticipated longer service life and performance gains in many different applications separates these innovations from incremental or single application specific product developments.”
The company has also announced that the XRTeam.com website has been significantly expanded with a new focus on the firm’s bearing technologies. Under development since 2018, DiaGlide innovations offer attractive alternatives to traditional radial and thrust bearings, cam followers, transfer ball assemblies, and drive lines. The technology has seen extensive lab and field testing. DiaGlide is the subject of numerous US patents and US and international patent applications. XR Team is developing field of use licensing arrangements across the spectrum of industrial applications. Mike Reese, COO at XR Team discussed the new website: “With the new XRTeam.com website we have highlighted our DiaGlide innovations. We believe the new content will generate significant industrial interest in our expanding technologies as well as the additional features possible through the design enabling versatility.”
XR Team LLC is a multi-faceted innovation research and development enterprise based in Houston, Texas. Founded in 2015 the firm has developed pioneering technologies applicable to directional and horizontal drilling. Beginning in 2018 the firm extended its efforts into multi-industry bearing technology with the development of DiaGlide hybrid diamond bearing technologies. XR Team LLC and its subsidiaries are registered in Texas. Information on the enterprise can be found at XRTeam.com
Brandi Sherman
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Largest Solar Project in New Jersey Generates Clean Energy and Provides Environmental Uplift with Native Grasses and Wildflowers
SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America (EDFR) and the Renewable Power business within Goldman Sachs Asset Management (Goldman Sachs) today announced the commercial operation of the Toms River Solar Project, delivering 28.9 megawatts (MW) of clean renewable energy. The project, built on BASF Corporation’s (BASF) property by EDFR in coordination with PVOne and Goldman Sachs, is New Jersey’s largest solar project and the largest solar project built on a Superfund site in the U.S.
The solar array uses a pre-cast ballasted system on approximately 120 acres of the BASF site located on Oak Ridge Parkway in Toms River, NJ, and includes a 27.4 MW grid-connected system and an adjacent 1.5 MW net-metered solar system.
Additionally, EDFR has designed a 5 MW Community Solar project, also to be built on the BASF site, which will provide lower-cost electricity to area residents, with more than half of its output committed to low- and moderate-income subscribers. The Community Solar project is still in the approval process.
The overall project will generate enough clean energy to meet the needs of 5,250 New Jersey homes. This is equivalent to avoiding more than 30,000 metric tons of CO2 emissions annually, which equates to the greenhouse gas emissions associated with driving 6,400 cars for one year.
“We are very excited about the Toms River Solar Project, which successfully reuses brownfield land to develop clean, renewable energy,” said Mark Patterson, Vice President of Environment, Health and Safety at BASF. “This sustainable project highlights BASF’s connections to our communities and the environment by supporting an overall reduction of CO2 emissions while also expanding the site’s native grassland habitat for pollinators and migratory birds.”
The solar array was built with rigorous attention to the environment, with specific considerations made to improve the threatened Grasshopper Sparrow habitat and protect the Northern Pine Snake. Existing paved areas in the footprint of the project were removed and will be replaced with native meadow mix grasses and wildflowers. Additionally, Rutgers University will conduct a 5-year monitoring program to study the ecological uplift of the project.
Nearly one hundred union workers from Laborers Union Local 172, Iron Workers Local 399, Operators Local 825, and Electrical Local 400 participated in the project’s construction.
“We were pleased to work with a full set of project partners including local subcontractors, local and state officials, community groups, the New Jersey Board of Public Utilities, and professionals at Weston Solutions and Giordano, Halloran, and Ciesla,” said Tom Leyden, Senior Director, EDF Renewables Distributed Solutions.
EDFR co-developed the project with PVOne and served as the Engineering, Procurement and Construction contractor for the project. Goldman Sachs acquired the project from EDFR during the construction phase and plans to manage the asset through its useful life.
“This project is a great example of collaboration between private and public sectors, including the New Jersey Board of Public Utilities, NJ Department of Environmental Protection, and the U.S. Environmental Protection Agency, along with BASF, Goldman Sachs, and EDFR,” said Elliott Shanley, Senior Vice President of PVOne.
Michael Conti, a Vice President within the Renewable Power business at Goldman Sachs Asset Management commented, “Goldman Sachs is deeply committed to accelerating the energy transition. As one of the largest owners of solar power in New Jersey, we are grateful that the State continues to support the development of clean energy, particularly on brownfields, such as this project located on the Toms River Superfund site. It has been a pleasure to work with the EDFR team to make this project, the largest operating solar project in New Jersey, a success. We look forward to future collaboration between our organizations as well as a great future relationship with BASF.”
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar and storage; and asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects. The Company’s PowerFlex subsidiary offers a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 20 GW of developed projects and 13 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 17,000 employees in North America and had sales of $18.7 billion in 2020. For more information about BASF’s North American operations, visit www.basf.com/us. At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at http://www.basf.com
About Goldman Sachs Asset Management Renewable Power
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 2017, the Renewable Power business within Goldman Sachs Asset Management has sponsored more than 800 solar projects across 27 U.S. states that collectively have a capacity of more than 2.3 gigawatts of clean, renewable power. We take a long-term ownership approach to the operations and management of renewable assets with a leading industry expertise across transaction sourcing, financial analysis, power markets and physical asset analysis and operations. Follow us on LinkedIn.
About PVOne
PVOne is solar power project development company engaged in the development of grid-scale solar, commercial net-meter solar, and community solar projects throughout the US. We specialize in the critical, early-stage solar development processes that ultimately lay the foundation for the success of each solar project – from site acquisition and system design to interconnection agreements and government approvals. Further information at www.pvone.com.
Sandi Briner, +1 858-521-3525
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WASHINGTON--(BUSINESS WIRE)--Second paragraph, fourth sentence should read: Power futures open interest also set a new record at the end of June with 1.092 Billion MWh (equivalent to the electricity consumption of over 102,500,000 U.S. households for a year).
The updated release reads:
NODAL EXCHANGE NAMED EXCHANGE OF THE YEAR BY ENERGY RISK FOR THIRD YEAR IN A ROW
Nodal Exchange has been named 2021 Exchange of the Year by Energy Risk magazine. The global Energy Risk Awards recognize excellence in energy risk management across the entire supply chain, from producers to traders and consumers, and all firms in between that facilitate risk management.
Nodal Exchange continues to improve its strong position in the North American power futures markets and currently has the majority of the market open interest. Nodal achieved record half year power futures volume as of June 30, 2021 with 1.069 billion MWh traded. Traded volume in June 2021 was 175 TWh, up 51% from the prior year and setting a new calendar month record. Power futures open interest also set a new record at the end of June with 1.092 Billion MWh (equivalent to the electricity consumption of over 102,500,000 U.S. households for a year).
Nodal Exchange also grew its environmental futures volume 156% in Q2 2021 over Q2 2020 with 48,528 lots traded, working with its collaborator IncubEx. Environmental futures open interest at the end of June 2021 was at 133,121 lots, up 85% from the prior year. Nodal, which is particularly strong in Renewable Energy Credits (RECs), saw volumes in Q2 across the 56 REC futures and options contracts on Nodal rise to 39,862 contracts, up 154% from 15,713 in Q2 2020 and open interest across the REC suite rise to 125,214 contracts, up 118% from 57,398 in Q2 2020.
“Nodal Exchange is honored to receive the Exchange of the Year award from Energy Risk for the third year in a row and fifth time overall,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “We are grateful for the support of our entire trading and clearing community without which this achievement would not have been possible, and we are pleased that Energy Risk has recognized our success.”
About Nodal
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and, environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Nodal Exchange Public Relations
Nicole Ricard
Phone : 703-962-9816
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SUNNYVALE, Calif.--(BUSINESS WIRE)--#advancedfission--Oklo Inc. announces the publication of two methodology reports to enable advanced fission reactors to meet regulatory requirements by moving from prescriptive and outdated methods to modern and performance-based methods. Although the existing regulatory framework is based on large, light water reactors, small and innovative advanced fission technologies can utilize these methods to develop their design and analysis and assure safety in a thorough, modern way.
The reports represent a major step forward in several ways. First, they are an essential part of the current Oklo combined license application review currently underway at the U.S. Nuclear Regulatory Commission (NRC). The goal of the first step of the two-step review is for the NRC staff to review the application in relation to these key topics: maximum credible accident (MCA) methodology, safety classification, and quality assurance, in addition to addressing the applicability of the existing regulations. As such, the submission of these reports is a key milestone in the licensing review.
The “MCA Methodology Report” is a companion to the “Performance-based Licensing Methodology Report.” Together, they show how an advanced fission technology assures safety from design and analysis through construction and operation. “While older plants rely on many redundant systems to ensure safety, where many thousands of parts are labeled as ‘safety-related’ and have to be operable in order to assure safety, advanced fission plants often use ‘inherent’ or ‘intrinsic’ safety, such as the physical characteristics of heat conduction. We had to develop an elegant and novel way to identify these inherent safety characteristics as well as a system for labeling and proving them from design through operation,” said Alex Renner, Director of Product at Oklo, who architected much of the methodology.
Second, the NRC is currently working at U.S. Congressional direction to develop a new set of regulations that are specifically intended to better enable new fission and fusion technologies to become licensed. While it is a goal that these regulations allow for different approaches to meeting safety objectives by using risk information and especially by being “performance-based” as opposed to prescriptive, the NRC staff has indicated that they will best be able to allow for approaches that are clearly and publicly documented. Additionally, it is expected that the reports will help to illuminate how a performance-based approach can look in practice, and in fact, distill out the methods within the combined license application that the NRC staff accepted for review last year. "A performance-based licensing methodology, like that presented by Oklo, is necessary for the U.S. commercial entities who are working to bring the promise of advanced fission to market," said Ross Moore, the Director of Regulatory Affairs at Oklo.
Lastly, the reports are expected to serve as a useful tool to boost other novel fission technologies as they consider how they would approach their design, analysis, and licensing paths. It is the intent that these methods are “open-sourced” and available to help technologies get to market to support decarbonization via the deployment of clean, reliable, scalable fission power.
“The NRC oversees the majority of U.S. emission-free power and is one of the most critical government agencies with respect to addressing carbon emissions. The NRC showed that they are willing and able to review new technologies when they docketed the novel Oklo application. It is important to the future of all technologies that this regulatory innovation continues, and it is crucial globally that all emission-free power sources are brought to the table,” said Caroline Cochran, COO of Oklo Inc.
About Oklo Inc.: Oklo Inc. (Oklo) is a California-based company developing clean energy plants to provide emission-free, reliable, and affordable energy using advanced fission. Oklo received a Site Use Permit from the U.S Department of Energy, successfully demonstrated prototype of its metallic fuel, was awarded fuel material from Idaho National Laboratory, and developed the first advanced fission combined license application, which completed acceptance review and was docketed by the U.S. Nuclear Regulatory Commission.
Bonita Chan
Director of Marketing and External Relations
Inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.
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