NEW YORK & OSLO, Norway--(BUSINESS WIRE)--FREYR AS (FREYR), the Norway-based developer of clean, next-generation battery cell production capacity, and Alussa Energy Acquisition Corp. (Alussa Energy) (NYSE: ALUS), are pleased to invite investors, analysts and other stakeholders to a Capital Markets Update webcast at 10:00 a.m. EDT/16:00 CEST today, June 22, 2021 to discuss items related to the announced business combination and planned listing of FREYR Battery (Pubco) on the New York Stock Exchange, and to provide an update on business activities at FREYR.
The presentation will be hosted by Daniel Barcelo, Founder and CEO of Alussa Energy, Chi Chow, Strategy and Investor Relations of Alussa Energy and Tom Einar Jensen, CEO of FREYR.
In addition, the webcast will feature Jarand Rystad, CEO of Rystad Energy, who will provide the firm’s view on macro trends within the global energy transition and the accelerating demand for battery solutions.
Event details
Participation is possible via webcast and conference call. The event begins at 10:00 a.m. EDT/16:00 CEST and is expected to last approximately 90 minutes including a Q&A session. Questions to management can be submitted in writing via the webcast window during the event or by phone via the conference call during the Q&A session. Presentation slides used in the webcast by FREYR and Alussa Energy will be available prior to the event in the ‘Investors’ section at both www.freyrbattery.com and www.alussaenergy.com.
Please register for and join the webcast via this link: https://streams.eventcdn.net/freyer/alussa-energyfreyr-capital-markets-update/register.
Please dial one of the following numbers to join the conference call:
Canada: +16474848336
Denmark: +4578150108
France: +33170750735
Germany: +4969222220377
Hong Kong (香港): +85258033176
Luxembourg: +35227300167
Norway: +4723963688
Spain: +34914192768
Switzerland: +41225675632
United Kingdom: +443333009032
United States: +16467224903
About Alussa Energy Acquisition Corp.
Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. For more information, please visit www.alussaenergy.com.
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.
Forward-Looking Statements
This press release contains, and certain oral statements made by representatives of Alussa Energy and FREYR and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alussa Energy’s, Pubco’s and FREYR’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to the shareholder approval of the business combination, the listing of Pubco’s common stock and warrants on the New York Stock Exchange, the production of clean and cost-effective batteries, the plan to deliver 43 GWh of next-generation battery cell manufacturing capacity in Norway by 2025, collaborations with customers and global supply chain partners across the transportation and energy storage sectors, the ability to leverage the Nordic region’s developing battery ecosystem and the closing of the business combination shortly after the Special Meeting. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Alussa Energy, Pubco or FREYR and are difficult to predict. Factors that may cause such differences include, but are not limited to: the inability to consummate the transaction due to failure to obtain approval of the shareholders of Alussa Energy; the inability to obtain the listing of Pubco’s common stock and warrants on the New York Stock Exchange following the transaction; the failure of capital to be delivered in the business combination; the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction; the inability to recognize anticipated benefits of the proposed business combination; the possibility that Alussa Energy, Pubco or FREYR may be adversely affected by other economic, business, and/or competitive conditions that might lead to, among other things, a failure to develop clean and cost-effective batteries, deliver on the targeted battery cell manufacturing capacity, leverage Norway’s perceived advantages in battery production and build collaborations with customers in the transportation and energy markets; and other risks and uncertainties identified in the registration/proxy statement relating to the transaction, including those under “Risk Factors” therein, and in other filings with the SEC made by Alussa Energy, Pubco and FREYR. Alussa Energy, Pubco and FREYR caution that the foregoing list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. None of Alussa Energy, Pubco or FREYR undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
No Assurances
There can be no assurance that the transaction will be completed, nor can there be any assurance, if the transaction is completed, that the potential benefits of combining the companies will be realized.
Information Sources; No Representations
This press release has been prepared for use by Alussa Energy, Pubco and FREYR in connection with the transaction. The information herein does not purport to be all-inclusive. The information herein is derived from various internal and external sources, with all information relating to the business, past performance, results of operations and financial condition of Alussa Energy was derived entirely from Alussa Energy and all information relating to the business, past performance, results of operations and financial condition of FREYR and Pubco was derived entirely from FREYR. No representation is made as to the reasonableness of the assumptions made with respect to the information herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance.
No representations or warranties, express or implied, are given in respect of this press release. To the fullest extent permitted by law in no circumstances will Alussa Energy, Pubco or FREYR, or any of their respective subsidiaries, affiliates, shareholders, representatives, partners, directors, officers, employees, advisors or agents, be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents (including without limitation any projections or models), any omissions, reliance on information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith, which information relating in any way to the operations of FREYR or Pubco has been derived, directly or indirectly, exclusively from FREYR and has not been independently verified by Alussa Energy. Neither the independent auditors of Alussa Energy nor the independent auditors of FREYR or Pubco audited, reviewed, compiled or performed any procedures with respect to any projections or models for the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided any other form of assurances with respect thereto for the purposes of this press release.
Important Information about the Transaction and Where to Find It
In connection with the transaction, Alussa Energy and Pubco have filed and will file relevant materials with the SEC, including a Form S-4 registration statement filed by Pubco on March 26, 2021 and amended on May 7, May 27, and June 9, 2021 (the “S-4”), which includes a prospectus with respect to Pubco’s securities to be issued in connection with the proposed business combination and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed business combination and related matters. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. The S-4 was declared effective on June 14, 2021. The definitive Proxy Statement and other relevant materials for the transaction are being mailed to shareholders of Alussa Energy as of April 30, 2021. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the transaction, and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands.
Participants in Solicitation
Alussa Energy, Pubco and FREYR and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Alussa Energy ordinary shares in respect of the proposed transaction. Alussa Energy shareholders and other interested persons may obtain more detailed information regarding the names and interests in the transaction of Alussa Energy’s directors and officers in Alussa Energy’s and Pubco’s filings with the SEC, including when filed, the S-4 and the Proxy Statement. These documents can be obtained free of charge from the sources indicated above.
For investor inquiries, please contact:
For Alussa Energy:
Chi Chow, Investor Relations
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Tel: (+1) 929-303-6514
For FREYR:
Steffen Føreid, Chief Financial Officer
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Tel: (+47) 975 57 406
Harald Bjørland, Investor Relations
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Tel: (+47) 908 58 221
For media inquiries, please contact:
For Alussa Energy:
Emma Wolfe
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For FREYR:
Hilde B. Rønningsen, Director of Communications
Tel: (+47) 4539 7184
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BOSTON--(BUSINESS WIRE)--#SchneiderElectric--Schneider Electric, the leader in digital transformation of energy management and automation and the world’s most sustainable company ranked by Corporate Knights, today announced the appointment of three female executives to its North America leadership team: Abha Dogra as Chief Information Officer; Abby Gabriel as Chief Marketing Officer; and Virginia “Ginny” Johnson as General Counsel.
“These leaders are the best talent for these roles given their expertise and backgrounds and I’m thrilled to see how their collective contributions will benefit not only the North America organization, but our customers who place their trust in us,” said Annette Clayton, CEO and President Schneider Electric, North America. “I’m also proud of the progress we continue to make in increasing the number of qualified women across the organization, especially in leadership roles, where they can influence decision making and outcomes.”
Reporting directly to Annette, the leaders are responsible for and their backgrounds include:
Abha Dogra, SVP Digital Technology and Chief Information Officer, Schneider Electric North America: Joined Schneider Electric two years ago as Chief Product Officer for Digital Products, where she was focused on driving digital transformation through technology innovation. In her new role, she’s leading Schneider Electric’s AI and automation strategy to apply AI at scale. Dogra came to Schneider with extensive experience in diverse areas of Enterprise Solution Delivery and SaaS-based business services, after serving as Division Vice President of Global Products Development at PTC, CTO and Vice President of Engineering at Akamai Technologies, CTO of Global Technology and Enterprise Architecture at Iron Mountain, and Head of Architecture and Technology at ADP. She demonstrates a wealth of knowledge and accomplishments in leadership, technology, software, and engineering in her over 20-year-career.
Abby Gabriel, Chief Marketing Officer, Schneider Electric North America: Has been with the company for over 10 years, most recently in the role of Vice President, Strategic Marketing, Digital Energy and Secure Power. Formerly with APC by Schneider Electric, she kicked off her marketing career as Marketing Program Manager and worked her way up to Director of Communications, eventually transitioning into the Global Marketing Organization. In her new role, Gabriel will have the mission to nurture a leading marketing team in delivering our brand ambition for the North America market, including establishing Schneider Electric as a leader in sustainability and digitization. She will steward the organization’s focus on digital customer experience and best-in-class web and digital experience and ensure marketing is delivering a strong commercial impact across e-commerce and digital marketing.
Ginny Johnson, General Counsel, Schneider Electric North America: Recently joined the organization with responsibility for leading a legal department of approximately 45 members throughout the United States, Canada, Mexico, and Central America, and providing legal oversight across all areas of the business. She brings significant leadership experience and subject matter expertise in the areas of litigation, corporate law, transactional, governance, regulatory and compliance. Johnson joined Schneider Electric after serving in a variety of roles, most recently Senior Vice President & Associate General Counsel at Global Atlantic Financial Group, where she also co-founded the Global Atlantic Women’s Network. Since joining Schneider Electric, Johnson has become a member of the board of directors of the company’s charitable giving foundation, and has taken on active roles in the company’s DEI steering committee and its women’s network, Women in Schneider Electric (WiSE). Additionally, Johnson serves as a mentor in the New Girls Network of the Big Sister Association of Greater Boston, and she is a member of The Fourth Floor, a membership community where women leaders and startup founders create and access board seats, investments, and funding opportunities.
In January of this year, Schneider Electric doubled down on the company’s longstanding strategy to make the world greener and more equitable by outlining and executing on eleven concrete commitments in the Schneider Sustainability Impact program. These commitments are expected to be completed by 2025. The eighth commitment focuses on increasing gender diversity, from hiring to front-line managers, and leadership teams. Making strides in the space already, Schneider Electric has been included for the 4th year in a row in the Bloomberg Gender-Equality Index, promoting public commitment to equality in the workplace.
To learn more about Schneider Electric’s Sustainability Impact Program and gender equality goals, check out these resources:
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, endpoint 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.
Follow us on:
https://www.twitter.com/SchneiderNA
https://www.facebook.com/SchneiderElectricUS/
https://www.linkedin.com/company/schneider-electric
https://www.youtube.com/user/SchneiderCorporate
https://www.instagram.com/schneiderelectric/
http://blog.se.com/
Schneider Electric Media Relations – Vicki True, Phone: 774-613-1158, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
New bio-based surfactant EdenSurf shortlisted for Innovation and Newcomer award categories
CRESSON, Texas--(BUSINESS WIRE)--#biobased--Integrity BioChem, a technology-driven company developing next-generation biopolymers, was recognized at the 2021 ICIS World Surfactants Conference and Awards for its new technology EdenSurf, which was shortlisted in both the Newcomer and Innovation award categories. Integrity BioChem’s Chief Technology Officer Dr. Charles Landis and Executive Vice President Michael Suver were also featured speakers at the conference, presenting the company’s new breakthrough bio-based surfactant technology.
The ICIS World Surfactants Conference and Awards provides a platform for the surfactants community to celebrate the achievements of the industry, including unique and noteworthy projects and collaborations in the surfactant value chain.
“We are appreciative to ICIS for recognizing Integrity BioChem and EdenSurf on such a prominent, competitive stage,” said Jimmy Jett, Integrity BioChem CEO. “This recognition and the feedback we received from our ICIS World Surfactants Conference and Awards presentation validate our excitement around this new technology, and to be recognized among some of the biggest players in the industry is an accomplishment we are incredibly proud of.”
“Every year at the ICIS World Surfactants Conference and Awards, we are excited to bring together leaders in the industry to share insights and celebrate innovation,” said Neil Burns, co-producer and chairperson of the ICIS Surfactants Conferences portfolio. “Integrity BioChem was a strong addition to our speaker roster this year with the presentation of their new developments in the biosurfactant space.”
EdenSurf is Integrity BioChem’s new patent-pending bio-based surfactant built from sustainable, vegetative materials and built with the strength of traditional surfactants. Developed specifically for the personal care and household industries, EdenSurf is a non-irritating surfactant additive that performs as an alternative to sodium lauryl sulfate (SLS) and select zwitterionic surfactants commonly used in advanced product formulations. Backed by Integrity BioChem’s innovative production engineering, this new technology can be produced at commercial quantities without the use of harsh chemicals or conditions.
In addition to being sourced sustainably, EdenSurf reports a Renewable Carbon Index greater than 90% and is certified Readily Biodegradable. This new technology is a culmination of Integrity BioChem’s deep commitment and continued investment in supplying customers with sustainable, socially responsible high-performance products.
To learn more about Integrity BioChem’s new EdenSurf technology, visit edensurf.info.
About Integrity BioChem
Founded in 2017, Integrity Bio-Chemicals (IBC) is a technology-driven company with a deep bench of industry experts producing next-generation modified biopolymers for the energy, mining, industrial, and household and personal care markets using renewable and sustainable practices. IBC is first to market with a new category of patent-pending, high-performance surfactants, created with natural sources and capable of faster production cycles at larger scales and lower costs. Our commitment to transparency and innovation brings world-class service to our customers worldwide.
Chad Hall
Vice President, Production Enhancement
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New HL7810/12 LTE-M and NB-IoT modules offer best-in-class power consumption and the highest level of security while minimizing risk of industrial IoT deployment
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced the launch of its new HL78 Series modules – the HL7810 and HL7812, for battery powered and low power deployments that require deep area coverage such as smart energy solutions, smart city applications, asset tracking, commercial buildings, manufacturing, healthcare, and agriculture.
Adding to the success of the existing HL7800 and HL7802, the newly announced HL7810 and HL7812 modules, and the recently announced HL7845 module for smart energy solutions, all support 3GPP’s Release 14 enabling faster data speeds and further reducing power consumption.
A Large and Growing Market
According to a recent report, ‘ABI Research has found that shipments of asset trackers will increase by more than 50% annually through 2024, driven by growth in Low Power Wide Area (LPWA) technology,’ and another report by Market Watch states that the ‘Low-Power Wide-Area Network (LPWAN) market is projected to surpass USD 65 billion by 2025.’
The New Sierra Wireless HL7810/12 Series – The Next Generation of LPWA
Sierra Wireless’ new HL7810 and HL7812 LTE-M and NB-IoT modules for the industrial IoT offer the lowest power consumption in their class to support Cat-M1 and Cat-NB2 networks around the world and reduce operational and device maintenance costs. In addition, the modules feature a high transmit power of at least 23dBm to ensure coverage in even challenging locations such as remote rural areas and deep underground.
The modules also offer the highest level of end-to-end security, minimizing the risk of IoT solutions. Security is designed in from the start, with encrypted security keys now stored in a secure element for an added layer of protection from the edge to the cloud.
“With the launch of our new HL78 Series modules, the HL7810 and HL7812, Sierra Wireless continues to lead with the most innovative and secure LPWA module portfolio on the market,” said Jim Ryan, SVP Partnerships, Marketing & IoT Solutions, Sierra Wireless. “Furthermore, we found that they can provide customers with over ten years of battery life, reducing 80% of truck rolls needed for battery replacement.”
Simplifying IoT Projects with Global Connectivity and a Set of Edge and Cloud APIs
The HL78 Series can shorten development time and simplify product integration with the modules’ built-in connectivity (embedded SIM and optional connectivity services) and the most comprehensive set of simple APIs (Application Programing Interfaces) available at the edge and in the cloud. Furthermore, Sierra Wireless’ solutions are provisioned to securely connect to the cloud, enabling remote device monitoring and management.
“All the advantages of the HL78 Series module, combined with Sierra Wireless’ deep IoT expertise, worldwide presence, and willingness to work with us to grow our business, made our decision to select Sierra Wireless as our LPWA IoT connectivity solution partner a simple one,” said Emmanuel Torchy, Associate at iSwip.
“We chose Sierra Wireless because the company offered us a unique integrated solution,” said Peter Knapp, COO, LUCI. “The common form factor makes future product development faster, and the company’s global presence ensures we have the support we need. By using the HL7800 module, we were able to reduce our development time and shorten our time to market, and with Enhanced Carrier Connectivity, we are able to simplify deployment and optimize coverage of the product for our customers.”
Availability
The HL7810, HL7812 and HL7845 modules are sampling now, and are expected to be commercially available in Q4 of 2021.
For more information, visit: http://www.sierrawireless.com/HL78
To contact the Sierra Wireless Sales Desk, call +1 877-687-7795 or visit http://www.sierrawireless.com/sales.
Note to editors:
To view and download images of Sierra Wireless products, visit http://www.sierrawireless.com/newsroom/productimages.aspx.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. Companies globally are adopting 4G, 5G and LPWA solutions to improve operational efficiency, create better customer experiences, improve their business models, and create new revenue streams. Sierra Wireless will work with you to develop the right industry-specific solution for your next IoT deployment whether it is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is the trusted partner globally to deliver your next IoT solution. For more information, visit www.sierrawireless.com.
Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at https://www.linkedin.com/company/sierra-wireless and on YouTube at https://www.youtube.com/SierraWireless.
“Sierra Wireless” is a registered trademark of Sierra Wireless, Inc. Other product or service names mentioned herein may be the trademarks of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations but involve risks and uncertainties. These statements may relate to, among other things: plans and timing for the introduction or enhancement of our products and services, future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans that are not historical fact. These statements are subject to numerous risks and uncertainties surrounding our business and the markets we operate in, including, but not limited to, changes in technology and market conditions and our ability to implement our strategy and successfully develop, manufacture and supply new products and services. Due to these many risks and uncertainties we cannot assure you that the forward-looking statements contained in this press release will be realized.
Louise Matich
Sierra Wireless
Media Relations
phone: +1 236 979 2154
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David Climie
Sierra Wireless
Investor Relations
phone: +1 604 321 1137
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HOUSTON, LONDON & FREDRIKSTAD, Norway--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR), an energy technology company, and Borg CO2 AS, a Norwegian carbon capture and storage developer for industrial clusters, have announced a memorandum of understanding (MOU) to collaborate on a carbon capture and storage project to serve as a hub for the decarbonization of industrial sites in the Viken region of Norway. The project aims to capture and store up to 90% of the CO2 emissions from the involved industrial sites, playing an important role in contributing to the Paris Agreement goals, the United Nations Sustainable Development Goals and the Norwegian national emissions reduction targets.
The Borg CO2 project includes several industry partners, as well as the Port of Borg, and aims to capture and store emissions from industrial facilities located in the cities of Fredrikstad, Sarpborg and Halden. The combined industrial cluster is currently responsible for approximately 700,000 tonnes of CO2 emissions annually. After being captured, the CO2 will be liquified, shipped and eventually stored underneath the seabed of the North Sea. In April 2021, Borg CO2 announced an MOU with Northern Lights JV, who will provide shipping and storage of CO2 as a service provider for Borg CO2.
Borg CO2 and its partners have completed a first feasibility study and are proceeding with an extended feasibility study (pre-FEED) to be completed by the end of 2021 which Baker Hughes will support with its portfolio of carbon capture technologies and engineering services for the study and development of the hub. In addition, Baker Hughes and Borg CO2 will jointly evaluate the optimal structure for implementation of the carbon capture plants and pursue grant and incentive opportunities both in Norway and at the EU level.
Borg CO2’s “industrial cluster” approach provides a prime opportunity for Baker Hughes to test and scale its wide-ranging carbon capture, utilization and storage (CCUS) technologies portfolio on several types of processes including its Chilled Ammonia Process (CAP) and Compact Carbon Capture (CCC) solutions.
“Today, industrial clusters represent around 20% of Europe’s CO2 emissions. Meaningful decarbonization is not possible without carbon capture, utilization and storage, and this collaboration demonstrates how CCUS technology is accelerating from concept toward commercialization with real-world impact,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “Our collaboration with Borg CO2 will accelerate development of new energy frontiers like CCUS, and we believe it is critical to help them at an early stage by strategically supporting with our best in class technology.”
“With the technology competencies and experience of Baker Hughes supporting us, we believe that Borg CO2 is better positioned to take the next steps towards commercialization and achieve our goals for the project,” said Tore Lundestad, managing director of Borg CO2 and Harbour Master for the port of Borg. “A project like this showcases a win-win approach where permanent storage combined with the possibility of sustainable usage of smaller volumes of biogenic CO2 will help to achieve net-zero, and with the industrial facilities potentially receiving revenue by selling negative CO2 emissions”.
The Baker Hughes CCUS portfolio features advanced turbomachinery, solvent-based state-of-the-art capture processes, well construction and management for CO2 storage, and advanced digital monitoring solutions. Baker Hughes has a longstanding presence in Norway with six facilities and approximately 2,000 employees.
About Baker Hughes
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at www.bakerhughes.com.
About Borg CO2
Borg CO2 AS is a Norwegian Limited Liability Company. Its purpose is to develop carbon capture and storage (CCS) technology, primarily for industrial facilities in Viken (Østfold), Norway. Since 2018, it has worked on mapping the opportunity to develop CCS for an industrial cluster and has recently finished a complete feasibility study. The feasibility study had 18 partners representing process industry, waste management, logistics, energy, carbon capture technology, technology providers and academia. Borg CO2 are now conducting a pre-FEED with 9 partners and CLIMIT support, based on the feasibility study. The CO2 capture potential of the full-scale CCS cluster is 630,000 tonnes annually from five regional industrial sources. The port of Borg will serve as a host for a future CO2 terminal. Borg CO2 is supported by CLIMIT, a national programme for research, development and testing of CCS technologies. Visit: www.borgco2.no.
For Baker Hughes:
Media Relations
Helen Roberts
+44 (0)7557 812474
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Investor Relations
Jud Bailey
+1 281-809-9088
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For Borg CO2:
Media Relations
Jon Hermansen, Project manager
+ 47 94813171
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Pål Mikkelsen, Chair of the steering committee
+ 47 94833423
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SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced the appointment of Grant Dewbre to Chief Operating Officer and Saleh Sagr to Senior Vice President, Middle East and North Africa (MENA).
Grant joined Perma-Pipe in 2017 as Senior Vice President, MENA, and has been successful in having a positive impact on our work culture, in identifying new opportunities, and in achieving growth in new and existing markets. Returning to Houston from Dubai, Grant will assume full operational, managerial and administrative responsibility for Perma-Pipe’s businesses globally. Grant has over 30 years of experience in the management of projects and business units worldwide including sales and business development roles, the management of commercial activities, and the management of operations and construction activities for major oil and gas industry companies.
Mr. Dewbre commented, “I am excited about the opportunity to return to the US to lead Operations for Perma-Pipe International. I look forward to working more closely with our team of employees in the Americas and to leveraging our business practices globally in support of customers and stakeholders.”
Saleh joined Perma-Pipe in 2019 as Vice President, Operations MENA and has successfully led the development of operational and business improvements and expansion of Perma-Pipe’s capabilities throughout the Middle East. In his new role, Saleh will have full operating and financial responsibility for Perma-Pipe’s business in the MENA region including pursuing geographical expansion and entering new markets. Saleh has over 15 years of experience leading businesses through transformational change in the Middle East and the United Kingdom.
Mr. Sagr commented, “Over the past few years at Perma-Pipe, it is clear the Company has a solid reputation as a leader in the industry. I am looking forward to building on that reputation by expanding and strengthening market share while constantly delivering quality products and services to our customers and solid returns to our stakeholders.”
President and CEO David Mansfield commented, “Grant has had a significant contribution to the MENA business and as he assumes his new global role, he will be able to apply his learnings and experiences to help us accelerate best practice globally. Immediately after joining the Company in 2019, Saleh has had a notable impact and I know he will continue to be instrumental in building and successfully managing the MENA business while having a positive influence in the Middle East. I have every confidence that both Grant and Saleh will be successful in their new roles, and I look forward to seeing the continued contributions they will bring.”
Mr. Mansfield concluded, “The Perma-Pipe organization is driven to provide industry-leading products and services in meeting the demands of our customers, shareholders and employees. In pursuing the goals of Perma-Pipe through our values, people and strategies, we will continue to pursue growth and improved financial performance.”
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.
Perma-Pipe International Holdings, Inc.
David Mansfield, President and CEO
Perma-Pipe Investor Relations
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847.929.1200
French Industrial Group to Showcase NEXT’s Solar Installation to Global Network of Architects, Building Owners, and Commercial Developers
SANTA BARBARA, Calif.--(BUSINESS WIRE)--NEXT Energy Technologies, Inc., makers of a proprietary transparent photovoltaic (PV) coating that transforms commercial windows into energy-producing solar panels, today announced the delivery of a PV Prototype Window Wall to Bouygues Construction in Paris. Bouygues is a leading construction firm that specializes in complex commercial projects around the globe.
The PV Prototype Window Wall was delivered by NEXT in collaboration with its partners, Walters & Wolf, a leading commercial curtainwall manufacturer and glazing subcontractor headquartered in Fremont, California, and commercial glass fabricator, Glassfab Tempering Services/Solarfab in Tracy, California.
“NEXT’s technology is both unique and promising. We’re proud to support their collaboration with Bouygues Construction and will continue to work side by side with them in bringing their product to market,” said Nick Kocelj, President of Walters & Wolf.
“We support NEXT Energy in their focused effort in providing a unique and innovative product to the architectural market. When presented the opportunity to participate in this project, we were eager to assist in any way possible,” said Brian Frea, President of Glassfab Tempering Services/ Solarfab.
NEXT’s proprietary transparent photovoltaic coating transforms commercial windows into energy-producing solar panels by converting unwanted infrared and UV light into electricity. This fully integrated system can help enable buildings to power themselves with their windows which retain their traditional transparency and performance.
The prototype installation consists of 10 transparent photovoltaic windows that supply electricity to a battery that powers an interactive display as well as auxiliary charging outlets, for phones, tablets and other electronics. The purpose of this prototype demonstration is to showcase the power generation functionality, the exceptional transparency and aesthetics, and the seamless integration of NEXT windows into a standard glazing system designed by Walters & Wolf to carry the electronics, wiring and hardware that comprise the balance-of-system. This direct integration into traditional commercial window and framing systems effectively extracts costs typically associated with packaging and installation of solar.
Installed in a typical commercial high-rise office building, the first generation of NEXT windows would offset as much as 10-20% of its power needs, and over a 30-year timeframe, such a building would produce about 20 million kWh of clean power, saving an average of $170,000 annually on utility bills and reducing 14,500 metric tons of carbon dioxide from the atmosphere, the equivalent of powering 1,700 homes for an entire year. In the coming years, NEXT windows will be commercially available for window sizes up to 5 ft. x 10 ft (1.5 x 3 meters).
A Supply Chain Solution to The Climate Crisis
NEXT’s photovoltaic coatings are applied to commercial windows during the window fabrication process, integrating with existing manufacturers without disrupting established workflows and supply chains. This capital-efficient business model reduces risks to customers, removes barriers to adoption, and accelerates speed to market, all while adding a high-value product to the market. This direct integration into traditional commercial window and framing systems effectively extracts costs typically associated with packaging and installation of solar.
"We are excited to be one of the first global construction companies pioneering NEXT's revolutionary transparent solar panel windows. This innovation will allow Bouygues Construction to offer its clients a simple, sustainable, and profitable solution for buildings that are autonomous in the management of their energy," said Christian De Nacquard, R&D and Innovation Director, Bouygues Bâtiment International.
Meeting European and International Climate Standards
The European Union aims to be climate-neutral by 2050, requiring a fundamental transformation of the construction and building sectors. 100% of new commercial buildings in California will be designed to zero net energy (ZNE) standards by 2030. Globally, buildings generate an estimated 40% of annual GHG emissions.
“Addressing the climate crisis at the corporate level requires creative and cost-effective solutions. Commercial buildings are an excellent example of something that can be re-imagined and improved to reduce carbon emissions and overall impact,” said Daniel Emmett, CEO of NEXT.
“At a more personal level, we’re seeing employees returning to office buildings after more than a year of lockdown vocally prioritize healthy and sustainable work environments as a requirement of in-person work. In a recent survey, 74% of employees said they’d consider changing jobs if their company did not meet their requirements for a healthy and sustainable office environment,” continued Emmett.
NEXT will release a report based on a survey of professionals and building managers this summer that will explore people’s attitudes and priorities for healthy and sustainable office buildings. The full report will be published at https://www.nextenergytech.com/.
The announcement of the solar Prototype Window Wall comes just weeks after NEXT announced its $13.4 Million Series C round of funding.
About NEXT Energy Technologies, Inc.
NEXT Energy Technologies is a Santa Barbara, California company developing transparent energy harvesting window technology that allows architects and building owners to transform windows and glass facades into producers of low-cost, on-site, renewable energy for buildings. NEXT's technology is enabled by proprietary organic semiconducting materials that are earth-abundant, low-cost, and are coated as an ink in a high-speed, low-cost, and low energy process. For more information, visit https://www.nextenergytech.com/.
About Bouygues Construction
With 58,000 responsible and committed employees in more than 60 countries, Bouygues Construction designs, builds and operates projects in the sectors of building, civil works and energies and services. A leader in sustainable construction, the Group sees shared innovation as its primary added value and ensures that health and safety are its top priorities. It has pledged to cut its greenhouse gas emissions by 30% by 2030 and offers its customers a wide range of low-carbon solutions. In 2020, Bouygues Construction generated sales of €12 billion.
For more information: https://www.bouygues-construction.com/
Eric Becker
104 West Partners for NEXT Energy Technologies
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FME continues providing mission-critical reliability to United States Coast Guard’s OPCs
BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, announced today that its Fairbanks Morse Engine (FME) division was awarded a contract by Eastern Shipbuilding Group (ESG) to build and deliver the two main propulsion diesel engines (MPDE) for the U.S. Coast Guard’s fourth Offshore Patrol Cutter (OPC), the RUSH (WMSM-918). FME will build the engines at its Beloit, Wisconsin, manufacturing facility.
“Fairbanks Morse engines will help the OPCs perform the mission-critical task of preserving the country’s maritime security. We are honored to continue providing powerful and reliable engines to this essential program,” said Fairbanks Morse Defense CEO George Whittier. “No matter what the temperature is or how big the seas are, FME’s resilient engines are ready for the challenge of serving alongside each and every cutterman that crew an OPC.”
The OPCs will act as a capability bridge between the National Security Cutter (NSC), which patrols the open ocean, and the Fast Response Cutter (FRC), which serves closer to shore. The vessels will also be capable of carrying an MH-60 or MH-65 Helicopter and three operational Over-The-Horizon (OTH) small boats. They will be equipped with highly sophisticated combat systems and will enhance the USCG’s ability to execute various missions that range from drug interdiction to marine environmental protection.
The U.S. military has turned to Fairbanks Morse Defense for over 70 years to provide quality diesel engines, parts, repairs, and service solutions for marine propulsion and ship service systems.
About Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) is a leading provider of mission-critical equipment to military and commercial marine customers. The company comprises three divisions: Fairbanks Morse Engine (FME), Fairbanks Morse Service (FMS), and Ward Leonard. For more than 125 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket service to the U.S. Navy, Military Sealift Command, U.S. Coast Guard, and the Canadian Coast Guard. Through FME, the company continues supporting the defense industry’s mission-critical operations with high-performance engines manufactured in the USA. OEM parts, expert services, and innovative solutions that improve performance and extend component lifecycles are provided to marine, nuclear, commercial, and export customers through FMS and Ward Leonard. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin.
Learn more about FMD by visiting www.fairbanksmorsedefense.com.
About Fairbanks Morse Engine
Located in Beloit, Wisconsin, Fairbanks Morse Engine (FME) manufactures, procures, assembles, and distributes heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse® and ALCO® brand names. Fairbanks Morse manufacturing is conducted in its U.S.-based facility. FME sells its high-performance engines directly to naval marine customers and shipyards. As a principal supplier of reliable diesel engines to the U.S. Navy, Military Sealift Command, U.S. Coast Guard, and the Canadian Coast Guard, FME enables the defense industry to complete worldwide mission-critical operations. FME is a division of Fairbanks Morse Defense, a portfolio company of Arcline Investment and a leading provider of reliable marine power solutions.
Learn more about FME by visiting www.fairbanksmorse.com.
Mercom Communications
Michelle Hargis
1.512.215.4452
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Both Mark Significant Achievements In Path Toward Commercial Fusion Electricity
REDMOND, Wash.--(BUSINESS WIRE)--Helion Energy (Helion), a clean electricity company committed to creating a new era of clean energy through fusion, today became the first private company to announce exceeding 100 million degrees Celsius in their 6th fusion generator prototype, Trenta. Reaching this temperature is a critical engineering milestone as it is considered the ideal fuel temperature at which a commercial power plant would need to operate. Helion will be presenting these operational results at the 63rd Annual Meeting of the APS Division of Plasma Physics. See abstract below.
Helion also announced their Trenta prototype recently completed a 16-month testing campaign, which pushed fusion fuel performance to unprecedented levels and performed lifetime and reliability testing on key components of the fusion system. Helion will be presenting these results at the 2021 IEEE Pulsed Power Conference & Symposium on Fusion Engineering. See abstract below.
Reaching these temperatures and confirming system reliability are vital milestones that validate Helion’s plans to develop a cost-effective, zero-carbon electrical power plant using its unique pulsed, non-ignition-fusion device.
“These achievements represent breakthroughs with major implications for how the world meets its expanding future electricity needs while dramatically reducing climate impact on a relevant timescale,” said Dr. David Kirtley, Founder and CEO of Helion Energy.
About Helion
By applying proven and patented technologies, Helion is working towards building the world’s first commercially-viable fusion power plant which runs on a fuel that can be derived from water. Their zero-carbon solution is capable of low-cost 24/7 power generation that replaces the energy sources the world currently relies on, enabling a future with limitless, reliable and affordable clean electricity.
Thermonuclear Field Reversed Configuration plasmas in the Trenta prototype
Kirtley, D., Hine, A., Milroy, R., Pihl, C., Ryan, R., Shimazu, A. Votroubek, G.
Helion Energy’s Trenta prototype merged and compressed high-Beta Field Reversed Configuration (FRC) deuterium plasmas to fusion conditions, reaching 9 keV total bulk plasma temperatures with operation above 8 keV ion temperature and 1 keV electron temperature. Extensive calibrated chords of x-ray spectroscopy, 1055 nm interferometry, Bremsstrahlung optical emission detectors, and a wide array of magnetic separatrix and neutron diagnostics confirm extended and repeatable FRC operation at thermonuclear fusion conditions. Fusion reaction rates and particle confinement meet or exceed traditional modified-Lower Hybrid Drift (LHD) FRC energy confinement and overall configuration time is limited as expected by the onset of n=2 rotational instability. This presentation will describe newly-discovered high performance operating modes and expand traditional energy and particle confinement scaling to the thermonuclear temperature regimes. Further, a summary of diagnostics and operational results of the Trenta prototype operation through 2020 will be detailed.
Vacuum vessel and divertor design and results of 16 month operation of the Trenta Magneto-Inertial Fusion prototype
Kirtley, D., Campbell, B., Hine, A., Milroy, R., Pihl, C., Ryan, R., Votroubek, G.
Helion Energy’s Trenta prototype recently completed a 16 month testing campaign, remaining under vacuum continuously with all fusion and diagnostic operations and system upgrades completed remotely. During this period, extensive MJ-class discharges were completed, including merging and compression of high-Beta Field Reversed Configuration (FRC) deuterium plasmas to thermonuclear fusion conditions with associated fusion product fluences. This presentation will detail vacuum vessel design and construction, operation and plasma-materials interface considerations for inductive, magnetically isolated, but high temperature (9 keV) and high fluence (1 MW/m^2) divertor plasmas. Furthermore, inductive systems require dielectric materials, traditionally SiO2 or Al2O3, that introduce unique interface challenges. Lastly, this presentation will phenomenologically discuss the operational results of the Mark-I scientific divertor with a focus on long-term operation.
Media
Scott Krisiloff
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BERLIN--(BUSINESS WIRE)--Symbio Infrastructure (“Symbio”) and Siemens Energy announced today that they have entered into an agreement whereby Siemens Energy will provide engineering services, comprehensive lifecycle equipment and technology solutions, and further carbon emission footprint reduction solutions for Symbio’s subsidiary GNL Quebec’s carbon-neutral Énergie Saguenay liquefied natural gas (“LNG”) project in Quebec, as well as Symbio’s subsidiary Gazoduq’s carbon-neutral natural gas transmission line project between Ontario and Quebec.
Énergie Saguenay’s 10.5 MTPA LNG export facility will be powered by nearby renewable hydroelectricity and is expected to set a global standard for carbon-neutral LNG production. Fed by Gazoduq’s carbon-neutral natural gas transmission line, Énergie Saguenay plans to operate the lowest carbon-intensity LNG plant in the world.
Under the agreement, Siemens Energy will provide its portfolio of greener solutions for rotating equipment, electrical, and digital infrastructure. Furthermore, the Parties will work together to explore green hydrogen development opportunities as a new potential investment initiative to be considered by Symbio.
Governments around the world are prioritizing decarbonization and accelerating the energy transition to combat global climate change. Symbio and Siemens Energy are aligned in their environmental stewardship and commitments to develop innovative infrastructure that helps meet these goals. In addition, Siemens Energy and Symbio envision the alliance aligning with the principles included in the March 2021 Energy Partnership between Germany and Canada to advance their respective net-zero aspirations.
Jim Illich, Founder, and President of Symbio Infrastructure said: “From Symbio’s inception, our fundamental vision has been to meet the world’s growing energy demand by building electrified, carbon-neutral infrastructure that will set new global benchmarks for the energy transition. We are excited to collaborate with Siemens Energy, who not only share our vision and ambitions, but whose innovative technologies and capabilities will further advance and refine Symbio’s innovative projects.”
Tim Holt, member of the Executive Board of Siemens Energy, said: “We’re proud to support Symbio’s carbon-neutral Canadian LNG project powered by hydroelectricity, and Canada’s first carbon-neutral natural gas transmission line, while also integrating cutting-edge Siemens Energy solutions and technology to realize one of the world’s lowest carbon intensity LNG value chains. Siemens Energy is also looking forward to furthering our development of a carbon-free hydrogen economy by collaborating with Symbio and advancing Germany’s collaboration with Canada.”
This press release is available at www.siemens‑energy.com/press
Follow us on Twitter at: www.twitter.com/siemens_energy
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020. www.siemens-energy.com.
Symbio Infrastructure is a Quebec-based limited partnership backed by ESG-focused global investors. Symbio collaborates with its stakeholders and host communities to develop, build, and operate benchmark-setting energy projects that leverage cutting-edge technology and artificial intelligence to promote environmental stewardship locally, while helping to reduce GHG emissions and air pollution globally. Symbio has invested in two innovative, carbon-neutral companies, namely GNL Quebec Inc and Gazoduq Inc, and is exploring other solutions to meet global energy needs. https://www.symbioinfra.com
Siemens Energy
Stacia Licona
Phone: + 1 281-721-3402
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Symbio Infrastructure
Communication Team
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Seven new appointments bring leadership experience from NRG, SpaceX, Bechtel, Idealab, Deutsche Bank, and Goldman Sachs
PASADENA, Calif.--(BUSINESS WIRE)--#BillGross--Renewable energy technology company Heliogen today announced the expansion of its leadership team with the appointment of seven exceptional leaders with backgrounds spanning Fortune 500 corporations, industry-leading energy companies, pioneering technology companies, and multinational investment banks. The appointments underscore Heliogen’s commitment to building a world-class leadership team that will speed the company’s progress toward helping to solve pressing global challenges brought on by climate change by providing decarbonization technology that aims – for the first time in history – to be more cost-effective than fossil fuels.
“The sheer scale of the challenges and opportunities around the climate crisis calls for an assembly of the brightest and boldest minds from a variety of disciplines, backgrounds, and identities to rise to the urgent challenge of the current moment,” said Bill Gross, CEO and founder of Heliogen. “As we assembled Heliogen’s leadership team, we pursued leaders who have demonstrated professional excellence in energy, technology, and finance while being deliberate about casting a wide net to include diverse and forward-thinking candidates. With the cleantech market attracting more investor and mainstream attention than ever before, I’m proud to introduce such an accomplished group of leaders, all of whom are making pivotal contributions to further Heliogen’s mission of replacing fossil fuels with sunlight.”
Tom Doyle, co-head of the development group, has more than 25 years of senior-level experience growing and managing a significant P&L and a deep understanding of concentrated solar power, photovoltaics, and other renewable energy technologies. At Heliogen, working with Rashaun Williams, Doyle will oversee Business Development, Project Development, Proposal Development, Project Management, Project Finance, Strategy, Business Intelligence, and Asset Management. Prior to Heliogen, Doyle was an executive vice president at NRG Energy and president and CEO of NRG Energy’s renewable energy business, NRG Renew, one of the largest renewable energy companies in the world. Doyle also served as president and CEO of NRG Solar, a company he established and expanded to become an industry leader in the high growth commercial and industrial sectors of the solar industry. Under Doyle’s leadership, NRG successfully placed more than $7.5 billion of capital that generated a significant return on equity and an annual EBITDA contribution of more than $550 million. He holds an MBA and a B.S. in mechanical engineering from the University of Arizona.
Andy Lambert, senior vice president of production and supply chain, brings pioneering engineering leadership and product manufacturing experience to Heliogen, where he will lead development of the company’s production system and supply chain operations. Previously, Lambert spent more than nine years with SpaceX, where he developed the manufacturing and supply chain for the company’s rockets and spacecraft, before leading the company’s build reliability and quality assurance functions ahead of the first manned space flight. Prior to SpaceX, Lambert spent 13 years at BMW, most recently serving as vice president for MINI logistics and assembly production. During his time with MINI, he contributed to the rapid development of a production system that nearly tripled the output of its original installed capacity. Lambert spent nine years in the British Royal Air Force as an aircraft engineer and is a graduate of the School of Technical Training at RAF Halton military academy.
Christie Obiaya, chief financial officer, will draw on her experience from large-scale, complex energy projects to lead Heliogen’s finance team and to provide strategic support for the company’s growth. Most recently, Obiaya served as CFO and head of strategy for the energy business unit at Bechtel, the global engineering, construction and project management company. In her 11 years at Bechtel, she held leadership roles spanning finance, strategy, project development and investment, and project execution. Prior to Bechtel, Obiaya worked on renewable energy projects in Kenya and India. She began her career as an engineer, designing products and scaling up manufacturing processes at a multinational consumer goods company. Obiaya holds a B.S. in chemical engineering from MIT and an MBA from the MIT Sloan School of Management.
Rashaun Williams, co-head of the development group, brings his background as an investment banker and venture capitalist to his role at Heliogen, where he will focus on applying his 20 years of experience in finance, investments and sales to help the company realize its mission. Working with Tom Doyle, Williams will oversee Business Development, Project Development, Proposal Development, Project Management, Project Finance, Strategy, Business Intelligence, and Asset Management. With more than 150 investments in high-growth companies and more than 40 exits, Williams is currently a general partner in the MVP All-Star Fund. At his previous firm, Queensbridge Venture Partners, he became an early investor in Robinhood, Coinbase, Casper, Ring, PillPack, Lyft, and Dropbox. Prior to that, he worked at Wall Street firms including Goldman Sachs, Wachovia Securities and Deutsche Bank, bringing capital to emerging, diverse and alternative markets. In 2007, he founded Dixsville Partners, a private equity fund investing in infrastructure development and mineral companies in West Africa. Williams is a summa cum laude graduate of Morehouse College.
Thomas Patrick, chief of staff, will serve as strategic advisor and counsel to the CEO and collaborate with the leadership team on business strategies. Patrick has built his leadership career at multiple global financial institutions, including Deutsche Bank, where he served as CEO of the USA Corporation and the Americas region and co-head of the Corporate & Investment Bank (CIB) in the Americas. Patrick was a member of the Deutsche Bank USA Board, the CIB Executive Committee and a permanent guest on the Management Board. Prior to Deutsche Bank, Patrick was at Bank of America Merrill Lynch for 18 years, holding various senior positions including head of global banking and markets strategy and portfolio management, and co-head of global equities. Patrick holds a bachelor’s degree in economics from Columbia University.
Debbie Chen, general counsel, an experienced legal advisor to technology and startup companies, will focus on implementing an effective compliance program at Heliogen to ensure adherence to legal requirements and broader company values. Previously, Chen served as general counsel at Idealab, a role in which she worked with Heliogen applying knowledge of general corporate law since the company’s inception. Prior to Idealab, she was with the law firm of Latham & Watkins LLP. Chen holds a B.S. degree in economics from the Wharton School of the University of Pennsylvania and a J.D. from the University of California, Los Angeles.
Tanya Peterson, vice president of human resources, brings to her role at Heliogen a well-rounded background in multiple areas of human resources (HR) from working with high-performance teams in the finance and technology industries. At Heliogen, Peterson will lead the HR and talent teams in building and scaling an engaged, inclusive, and high-performing culture. Previously, Peterson served as head of human resources at global equity firm Los Angeles Capital Management where she was responsible for a variety of functions, including recruiting, talent management, diversity and inclusion, and internal communications. Prior to Los Angeles Capital Management, Peterson was at Yellowpages.com where she led HR initiatives for Engineering and other teams. Before Yellowpages.com, Peterson was the Head of HR for Idealab where she managed all HR operations and talent acquisition for Idealab and more than 150 of its portfolio companies. Peterson holds a B.A. in business management from Hartwick College.
The new executives join Steve Schell, chief technology officer, and Vikas Tuteja, head of strategy and analytics, on Heliogen’s leadership team.
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in all sectors of the economy and empowering a sustainable future. The company’s Sunlight Refinery™ aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, and green hydrogen fuel at scale for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996.
In November 2020, TIME included Heliogen’s HelioHeat™ technology on its Best Inventions of 2020 list. In April 2020, Fast Company selected Heliogen as a recipient of a 2020 World Changing Ideas Award for its technology. The company won the Energy category.
For more information about Heliogen, please visit Heliogen.com or @heliogeninc.
Leo Traub, Antenna Group
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646.883.3562
TAMPA, Fla.--(BUSINESS WIRE)--$AZPN #AI--mIQrotech today announced the close of an oversubscribed Series A financing round that exceeded its fundraising target of $6 million by nearly double. This investment will enable mIQrotech to scale up product development to meet its rapidly increasing market demand. The company is quickly disrupting the oil and gas industry by innovating pipeline optimization and preventing pipeline leaks. With additional support as a Chevron Technology Ventures Catalyst Program Participant, mIQrotech is quickly approaching unicorn status.
“Closing our Series A solidifies our financing as we work toward making our industry cleaner, safer, and more efficient through digital transformation. Our sights are set on further innovations that will continue to revolutionize the industry, and we’re thrilled to have the expertise and capital to roll those innovations out,” said Meade Lewis, Founder, Chief Executive Officer, and Chairman of the Board for mIQrotech.
The firm’s groundbreaking mIQroAware pipeline monitoring solution blends Internet of Things (IoT) technology, smart sensors, and Artificial Intelligence (AI) to monitor the most important parameters of oil and gas pipeline health. From detecting to reporting to predicting future risks, the solution offers a complete suite of technology, making mIQroAware the most comprehensive system for pipeline security on the market. This innovative technology equips operators with an unprecedented amount of data on their pipelines for increased operations, enhanced revenue, and decreased number of pipeline leaks.
“We’ve developed a long-overdue solution to the problem of leaks, and we are fortunate to have visionary investors who recognize the disruptive potential that our technology has for the future of the oil and gas industry,” said Lewis.
mIQrotech’s investors are thrilled to be supporting the vision as well.
“The team at mIQrotech has really built something special. They’ve spent years sacrificing, working long hours, with struggles and setbacks, like all startups have, and they came out the other end with a product that customers clearly love. The demand they’re seeing for their product is amazing, and we’re just lucky to be along for the ride at this point. If people in the industry haven’t heard of mIQrotech yet, I think they will soon,” said Mark Friday, Managing Director at Cathexis Ventures.
George Laflin, Chairman of the Harvard Business School Alumni Angels and President of The Page AngelInvestor Fund said, “We are thrilled to be a part of the mIQrotech mission for improving pipeline control, efficiency, safety and reducing methane emissions all without pipe penetration. mIQrotech is an innovative company that has no competition in this space.”
For more information, visit https://www.miqrotech.com/
About mIQrotech
mIQrotech is an award-winning technology firm dedicated to the technological advancement of the oil and gas industry. By merging smart sensors, the Internet of Things, Artificial intelligence, and Analytics, its comprehensive pipeline monitoring solution predicts pipeline leaks and increases operational efficiency in the field. With its continued development of groundbreaking solutions, mIQrotech aims to bring more efficient operations to the oil and gas industry for a cleaner, safer environment.
Lexi Gresh, Director of Brand Development and Marketing
814-933-6019
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mIQrotech.com
Cyware’s Cyber Fusion Platform Enables Collaboration on Threat Intelligence Initiatives Between Aviation ISAC’s Stakeholders
NEW YORK & WILMINGTON, Del.--(BUSINESS WIRE)--Cyware, the industry's only Virtual Cyber Fusion Platform provider, today announced a strategic partnership with the Aviation Information and Analysis Center (A-ISAC) to provide A-ISAC and its members with the ability to collect, share, and respond to threat intelligence in a timely manner. Through this partnership, A-ISAC members will be able to leverage Cyware’s Cyber Fusion platform to run more efficient end-to-end security automation, cybersecurity operations, threat hunting, and incident response programs.
A-ISAC is the global consortium for cybersecurity information sharing across the aviation sector, including members that contract directly with the U.S. Department of Defense. Founded in 2014 by seven global aviation companies, the A-ISAC has established itself as the trusted point of coordination around cyber threats for the global aviation community.
“Over the past year, the aviation industry has faced a sharp spike in highly targeted cyber fraud, phishing, and threat actor activity,” said Jeffrey Troy, President and CEO, A-ISAC. “Cyware’s unique offering enables our stakeholders to quickly and effectively collaborate and coordinate on community-vetted, curated threat intelligence and response. The intent is to support members in improving their security operations to build resiliency against the threats targeting the aviation industry and to promote innovation in how they are managing their risk.”
A-ISAC joins dozens of other Community Emergency Response Teams (CERTs) and ISAC's using Cyware’s Situation Awareness Platform (CSAP) and Threat Intelligence Exchange (CTIX) to automatically collect and share security alerts on the changing threat landscape and intelligence around specific attacks.
“We are thrilled to be working with A-ISAC to help fill security gaps in the aviation sector by creating opportunities for real-time collaboration and automation of threat sharing and response,” said Anuj Goel, CEO, Cyware. “We know that the Tier-One priority for A-ISAC member organizations is improving efficiency in the security operations center (SOC) and advancing incident response. Through the power of Cyber Fusion Centers, we are able to support A-ISAC and member objectives by automating threat intelligence and transforming how they look at security orchestration.”
Cyware allows A-ISAC to collect and share security alerts on the changing threat landscape and intelligence around specific attacks in the aviation industry. With Cyware's Situation Awareness Platform (CSAP) and Threat Intelligence Exchange (CTIX), A-ISAC members can also automatically share threat intelligence, including indicators of compromise (IOCs), malware alerts, vulnerability advisories, security incidents, phishing, and spear phishing attacks among its global aviation community.
About Cyware
Cyware helps enterprise cybersecurity teams build platform-agnostic virtual cyber fusion centers. Cyware is transforming security operations by delivering the cybersecurity industry's only Virtual Cyber Fusion Center Platform with next-generation SOAR (security orchestration, automation, and response) technology. As a result, organizations can increase speed and accuracy while reducing costs and analyst burnout. Cyware's Virtual Cyber Fusion solutions make secure collaboration, information sharing, and enhanced threat visibility a reality for enterprises, sharing communities (ISAC/ISAO), MSSPs, and government agencies of all sizes and needs. https://cyware.com/
About the Aviation ISAC
The Aviation ISAC (www.a-isac.com) is an international, non-profit membership association created to facilitate the timely exchange of vulnerabilities, threat intelligence, and best practices to reduce operational risks and provide the means for trusted sharing and professional exchange. With members on five continents, the A-ISAC fosters the foundation of trust underpinning aviation-focused cyber threat intelligence and information sharing designed to better protect global aviation businesses, operations, and services. Membership in the A-ISAC is open to trusted private sector global aviation companies. Our vision is a safe, secure, efficient, and resilient global air transportation system. https://www.a-isac.com
Media:
Alie Dessert
fama PR for Cyware
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AVIATION ISAC
Lori Pierelli
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BOSTON--(BUSINESS WIRE)--Dive Technologies, Inc., a Boston-based subsea robotics designer and manufacturer, announced today participation in a Cooperative Research and Development Agreement (CRADA) demonstration event with the Naval Undersea Warfare Center (NUWC) in Newport, Rhode Island.
The opportunity to demonstrate two new technologies to the United States Navy marked a major development milestone for Dive Technologies. Over a period of five days, specific demonstrations related to subsea navigational accuracy (Sonardyne SPRINT-Nav X) and sonar data collection and processing (Kraken AquaPix® MINSAS 120) were successfully showcased.
Participants in a NUWC pier-side demonstration included various engineers, program managers, and resource sponsors. At-sea test days produced navigational data that proved Dive Technologies was two times more accurate than the commercial market leader. These results were said to never have been demonstrated before on a commercial Autonomous Underwater Vehicle (AUV). Similarly, the sonar data collection results produced exceptionally clear, crisp data, which was processed in real-time onboard the AUV and allowed the team to locate and identify a variety of objects of interest in the test area.
“We were absolutely honored to be given the opportunity to participate and demonstrate our vehicle’s capabilities and we appreciate the partnership with NUWC-Newport,” says Bill Lebo, Co-Founder and CEO at Dive Technologies. “Our AUV was mission-ready from pier side demo to sea testing. It’s unheard of that calibration free, out-of-the-box navigational accuracy of <0.01% of total distance traveled or 0.02% of distance from origin was achieved. This is a testament to our team and the engineering rigor that went into delivering our commercial AUV to the market.”
This news comes in the wake of many recent accomplishments for Dive Technologies including:
About Dive Technologies: Founded in 2018, Dive Technologies designs, develops, and deploys premier autonomous underwater vehicles for large-scale commercial and defense data collection. Utilizing deep domain expertise, Dive Technologies is building highly scalable and flexible, fastest to the sea, and best-in-class AUV platforms that combine purpose-driven technology with an intuitive architecture to help customers rapidly and efficiently collect subsea data. For more information, please visit www.divetechnologies.com.
Media:
Sam Russo
Dive Technologies, Inc.
617.275.5500
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Celebrating the 35th class of unstoppable entrepreneurs who transform Greater Philadelphia and beyond
BLACKWOOD, N.J.--(BUSINESS WIRE)--#CEOEYFinalists--Ernst & Young LLP (EY US) today announced that Jon Seibert, CEO of Vision Solar was named an Entrepreneur Of The Year® 2021 Greater Philadelphia Award finalist. Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and courage in the face of adversity help catapult us from the now to next and beyond.
Jon Seibert was selected by a panel of independent judges. Award winners will be announced during a special virtual celebration on July 27, 2021 and will become lifetime members of an esteemed community of Entrepreneur Of The Year alumni from around the world.
Entrepreneur Of The Year is one of the preeminent competitive award programs for entrepreneurs and leaders of high-growth companies. The nominees are evaluated based on six criteria: entrepreneurial leadership; talent management; degree of difficulty; financial performance; societal impact and building a values-based company; and originality, innovation and future plans. Since its launch, the program has expanded to recognize business leaders in more than 145 cities in over 60 countries around the world.
“This is a special moment for me. I am humbled and excited to have been recognized along with so many other inspiring business leaders as a finalist in the Entrepreneur Of The Year® Awards program,” Seibert enthusiastically stated
Regional award winners are eligible for consideration for the Entrepreneur Of The Year National Awards, to be announced in November at the Strategic Growth Forum®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2022.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation.
In Greater Philadelphia, sponsors also include PNC Bank, DFIN, SolomonEdwards Group, Ballard Spahr LLP, Morgan, Lewis & Bockius LLP, Murray Devine & Company and Pepper Troutman LLP.
About Entrepreneur Of The Year®
Entrepreneur Of The Year® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National Overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy
About EY Private
As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/us/private
About EY
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com
About Vision Solar:
Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes nationwide. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth to produce 1000+ high-quality Green Jobs by 2022. To learn more, visit: https://www.visionsolar.com
John Czelusniak
Company: Vision Solar
Tel: 3052836336
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
145 MW Project to be Leeward’s third in Weld County, Colorado
DENVER & DALLAS--(BUSINESS WIRE)--Guzman Energy and Leeward Renewable Energy today announced the execution of a Power Purchase Agreement (“PPA”) for the 145 MW Panorama Wind Farm in Weld County, Colorado.
The project will be Leeward’s third project in Weld County, bringing its total installed capacity in the county to 617 MW, reflecting an aggregate capital investment of over $850 million, and will contribute to Colorado’s goal of 100 percent green energy generation by 2040. The Panorama Wind Farm is expected to generate enough electricity to power approximately 53,000 homes with clean energy and to deliver significant economic benefits to the county. Additionally, the project will create 185 jobs during peak construction and permanent renewable energy jobs in the community.
"Electric cooperatives, municipalities and tribes are clear that they want access to affordable, reliable and clean energy. The Panorama Wind Farm will be an important source of power for our current and future customers in Colorado, New Mexico and Wyoming who are seeking reliable power at reliable prices," said Guzman Energy CEO Chris Riley. "It makes strategic sense for Guzman Energy to be part of the Panorama Wind Farm as we continually leverage both owned and contracted energy sources to meet our customers' needs."
“Leeward is pleased to partner with Guzman and provide an important source of affordable, clean power to its customers in communities across Colorado, New Mexico and Wyoming,” said Jason Allen, Leeward CEO. “In addition to helping Colorado meet its green energy goals, this agreement is a testament to the momentum of our ambitious growth plan and continued commitment to wind power.”
Construction of the facility begins in early July and is projected to be completed in December 2021. The Panorama Wind Farm will consist of over 60 wind turbines supplied and commissioned by Vestas-American Wind Technology.
Leeward will own and operate the wind farm.
About Guzman Energy
Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 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.
For more information:
Guzman Energy
Amy Messenger
720.323.0660
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Leeward Renewable Energy
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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HOUSTON--(BUSINESS WIRE)--#CPChem--S&B Engineers and Constructors (S&B) was awarded an engineering and construction contract with Chevron Phillips Chemical to engineer and build the company’s second U.S. world-scale unit to produce on-purpose 1-hexene. The asset’s location will be in Old Ocean, Texas, near Chevron Phillips Chemical’s Sweeny facility.
S&B completed Chevron Phillips Chemical’s first U.S. 1-hexene unit in 2014 at its Cedar Bayou plant in Baytown, Texas. The project earned S&B the prestigious Excellence in Construction Award for innovative design, precise craftsmanship, and superior safety performance and practices by Associated Builders and Contractors’ Houston Chapter.
“Our past performance with Chevron Phillips Chemical showcases our ability to execute these world-scale projects safely and on time,” said David Taylor, Executive Vice President and Chief Operating Officer for S&B Engineers and Constructors. “As Chevron Phillips Chemical looks to the future, we will continue to support the company’s efforts by providing quality engineering and construction services to ensure a successful experience.”
Chevron Phillips Chemical’s new 1-hexene unit will use the latest evolution of the company’s proprietary, on-purpose 1-hexene technology. The new unit will produce up to 266,000 metric tons or (586,000,000 lbs.) per year of 1-hexene, a critical component in high-performance polyethylene (PE). This plastic resin is commonly used in the production of film and rigid containers for a variety of everyday products, including packaging for food, detergent and pharmaceuticals, among many others.
“The S&B team’s experience and track record make them the right contractor for the project as our business expands to meet global demand,” said Mitch Eichelberger, Executive Vice President of Polymers and Specialties at Chevron Phillips Chemical. “We are confident S&B will continue to deliver on its commitments as it has in the past while positively contributing to the local economy.”
S&B anticipates 600 construction and engineering jobs will be created for the project at its peak. Construction will commence during the third quarter of 2021, with project startup expected in 2023.
About S&B Engineers and Constructors, Ltd.
S&B Engineers and Constructors, Ltd. is one of the leading engineering, procurement, and construction firms in the United States, with more than 50 years of experience. S&B designs and builds world-scale projects in NGL fractionation, refining, petrochemicals, polymers, export terminals and pipelines. For more on S&B, visit www.sbec.com or LinkedIn.
Lindsay Szeszycki, Director of Communications and Marketing
S&B Engineers and Constructors, Ltd.
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518.879.2101
REYKJAVÍK, Iceland--(BUSINESS WIRE)--Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have completed a pre-feasibility study about exporting green hydrogen from Iceland to Rotterdam. The results indicate that such a project could be technically feasible, financially attractive and would have a significant contribution to the fight against climate change as economies around the world will switch from fossil fuels to renewable energy in the coming decades.
The two companies worked together to map the key components of the value chain from renewable power generation and hydrogen production in Iceland and then ship it to the port of Rotterdam. A comparison was made of possible hydrogen carriers taking into account energy density, costs, demand and other attributes.
The study shows that the first such project could be realized in the second half of this decade and be between 2 and 4 TWh (some 200 to 500 MW). These initial steps can contribute up to 1m tons CO2 reduction per year whereas in the longer term the potential could be a reduction of millions of tons. The energy needed could be a combination of renewable generation including hydro, geothermal and wind. The availability of diverse sources of sustainable energy is a great advantage to Iceland and leads to a competitive price for the Icelandic hydrogen on the European market. The hydrogen would be produced through electrolysis and then either liquified or converted into a carrier for transport to Rotterdam where it would be recovered for use at the Port or in the hinterland.
Landsvirkjun's vision is a sustainable world powered by renewable energy. The company already has a meaningful role in the reduction of CO2 emissions and intends to play a meaningful role in the energy revolution that must occur in the coming years and decades.
The port of Rotterdam is Europe's largest port and energy hub and has developed an ambitious hydrogen masterplan, with which it aims to become the major import hub for hydrogen to supply to Europe's changing energy offtake. Upon request by the Dutch government the Port of Rotterdam Authority identified high potential hydrogen exporting countries and companies to meet Europe’s future demand, of which Iceland was one of the strong contenders.
Landsvirkjun and the Port of Rotterdam intend to continue to work closely together to explore and develop this unique opportunity and expect to elaborate on these plans in the second half of 2022.
Hordur Arnarson, CEO of Landsvirkjun:
“The results of the pre-feasibility study are very encouraging. We at Landsvirkjun are determined to continue leading the way in renewable energy. It is the way to a better future for all. We believe in our partnership with Port of Rotterdam and look forward to finding the best way to bring our clean energy to foreign markets.”
Allard Castelein, CEO Port of Rotterdam Authority:
“We are very excited by the results of the study as well by the good chemistry between our two companies which is key to develop such impactful new supply chains. Iceland always has been a frontrunner in renewable power production. This new green energy for Europe, distributed via Rotterdam’s terminals and hydrogen backbone, could further help decarbonize our industrial complex and our customers elsewhere in Europe.”
About Landsvirkjun
Landsvirkjun is Iceland’s largest energy company and produces electricity solely from renewable energy resources; hydroelectric, geothermal and wind energy. The company offers long-term agreements at competitive prices. Visit www.landsvirkjun.com to learn more.
About the Port of Rotterdam Authority
The aim of the Port of Rotterdam Authority is to strengthen the competitive position of the port of Rotterdam as a logistics hub and a world-class industrial complex in terms of both size and quality. The Port Authority is able and willing to make an impact and so it is focusing on accelerating sustainability in the port and it is a partner in the digitalisation of the port and logistics chains.
Landsvirkjun Media Contact
Meghan Gabel
BIGfish Communications for Landsvirkjun
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617-713-3800
Itron’s Premier Customer-Focused Event to Be Offered In-Person and Virtually
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#IoT--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that its flagship event, Itron Inspire 2021 (formerly Itron Utility Week), will take place Oct. 1-8, 2021, both in person at the JW Marriott Desert Springs in Palm Desert, CA and virtually in a hybrid format. The customer-focused event will bring together leaders from across energy, water, industrial IoT and smart communities to share perspectives and best practices to drive the industry forward.
“Offering Itron Inspire in a hybrid format will allow us to bring our signature conference to more customers than ever before. We look forward to gathering under our new name, Itron Inspire, with a broader focus on how we, collectively, can leverage technology and services to drive business transformation, enhance customer engagement and unlock innovation,” said Marina Donovan, vice president, global marketing and public affairs. “I’m excited to safely gather again with our customers, partners and prospects to explore the possibilities for a better connected, sustainable and resourceful future.”
Itron Inspire’s in-person event will feature two insightful keynotes, two big picture sessions, more than 50 breakout sessions, multiple trainings and ample networking opportunities. For the virtual conference, select sessions will be livestreamed, including keynotes, big picture sessions and several breakout sessions. The schedule for the week-long event includes:
Registration for the conference, both in-person and virtual, will open in July and the full agenda will be available later this summer. To learn more, visit www.itron.com/inspire.
Itron is committed to the health and safety of attendees; Itron Inspire will follow local and CDC guidelines for COVID-19 safety.
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.
For additional information, contact:
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that its wholly owned subsidiary Driftwood Pipeline LLC has submitted a formal application with the Federal Energy Regulatory Commission (FERC) to construct and operate Line 200 and 300, an approximately 37-mile, dual 42-inch diameter interstate pipeline that will originate near Ragley in Beauregard Parish, Louisiana and end near Carlyss in Calcasieu Parish, Louisiana. The new pipeline has been designed and routed to connect the supply located 21 miles north of Lake Charles to the demand located within and south of Lake Charles, bypassing what has become a constrained, complex and expensive transportation pathway.
As part of the design, Driftwood Pipeline is proposing to deploy Baker Hughes-supplied electric-driven compression, thereby reducing the pipeline’s carbon dioxide emissions by more than 99%. The proposed pipeline project, coupled with other strategic steps Tellurian is taking, will lead to nearly a one million tonne reduction per year in direct greenhouse gas emissions (a 14% overall reduction).
President and CEO Octávio Simões said, “This new and completed pipeline design provides definitive and measurable results for emissions reduction and is another step in Tellurian’s overall strategy to support and balance the world’s energy needs and environmental concerns.”
“Tellurian has demonstrated our commitment to providing a cleaner energy source for the growing global population through early support of impactful environmental studies, new infrastructure design with advanced materials, and leading environmental procedures for our upstream operations. In addition, our latest commercial agreements have included provisions for tracking and documentation of liquefied natural gas cargo emissions. Tellurian will continue to explore ways to collaborate with the U.S. Administration and contribute to its plan for a cleaner climate with a focus on upending energy poverty domestically and abroad,” Simões added.
Tellurian has advocated for multiple environmental improvement efforts and contributed nearly $3 million to financially support Columbia University’s Center on Global Energy Policy and its mission to advance actionable energy and climate solutions through research and education; a multi-sponsor study of hydrogen market formation by the Energy Futures Initiative led by former Secretary of Energy Ernest Moniz; and the University of Texas at Austin, which is conducting an energy life-cycle analysis. Operationally, Tellurian currently owns and operates upstream assets in the dry gas Haynesville shale formation and conducts emissions monitoring and green completions as part of our continued efforts to understand, report and minimize greenhouse gas emissions.
About Tellurian Inc.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL”. For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “continue,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, the proposed pipeline and its benefits, reductions in emissions, and policy efforts. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
Media:
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Investors:
Matt Phillips
Vice President, Investor Relations
Phone +1.832.320.9331
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