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
Those who tune in early will be able to win limited-edition race-themed giveaways
SPRING, Texas--(BUSINESS WIRE)--Following the incredible response to the inaugural broadcast last year, and the outpouring of fan inquiries this year, “Pikes Peak Live presented by Mobil 1™” will return for a second year to bring the racing action live from 14,115 feet to your mobile device.
Since 1934, Mobil™-branded products have brought innovation to the racers who choose to take on the extremes of America’s Mountain. In 2020, the challenge was different, but the team behind Mobil 1 motor oil worked closely with the organizers of the Pikes Peak International Hill Climb to connect fans across the world like never before. Building on that success, key elements from last year’s livestream will continue this year, including John Hindhaugh once again providing live commentary, special guests, and more limited-edition giveaways for fans of all kinds.
For Porsche owners, a limited-edition run of 156 special “Pikes Peak Hill Grind” Porsche x Mobil 1 coffee sets will be available for those selected fans who provide their VIN for validation of ownership. Meanwhile, O’Reilly Auto Parts customers will be able to enter to win exclusive 2021 Pikes Peak International Hill Climb collectibles that commemorate the 99th running of the race.
More details around prizes and special guests will be announced closer to the stream, and those details will be announced in the same place the stream will take place – the Mobil 1 Facebook page. The broadcast will begin on Sunday, June 27 at 7 a.m., and conclude at 2 p.m. MDT, and will also be available to stream on the Mobil 1 YouTube channel. Those tuning in early will have the chance to enter to win any of the limited-edition giveaways before anyone else, and even have their questions answered by Mobil 1 partners and guests during interviews.
“We were thrilled at the glowing response from fans after last year’s livestream event, so of course we had to be back,” said Andrew Hanna, global motorsports and sponsorship advisor at ExxonMobil. “We all needed to adapt to changes last year, and we’re thankful that our fans appreciated the hard work our team and those at Pikes Peak put in to bring race fans a good show. As anyone who’s been to Pikes Peak knows, the mountain decides. This year, we’re hoping that the fans who tuned in last year decide to join us again as we look to one-up ourselves, and that new fans tune in to see what’s so special about the race to the clouds.”
Not solely presenting the livestream, Mobil 1 advanced synthetic motor oil also returns as a technology partner within the Porsche Pikes Peak Trophy by Yokohama division. All vehicles competing in the class rely on off-the-shelf Mobil 1 ESP X3 0W-40, the same motor oil available at Porsche dealers. Continuing the legacy of Mobil 1 factory-filled vehicles claiming world records on America’s Mountain, Bentley will again return with multi-time Pikes Peak champion Rhys Millen piloting a Bentley Continental GT3 protected by Mobil 1 FS 0W-40.
“It’s a tradition here at Pikes Peak that we’re a fan-driven organization, and when we listened to the feedback from last year’s stream, mission number one became partnering with the Mobil 1 team to deliver an even better stream in 2021,” said Megan Leatham, executive director of the Pikes Peak International Hill Climb. “The Mobil brand has been a partner of the hill climb since 1934, and has more records here than any other motor oil brand. So we couldn’t be more thankful to build on that legacy with the livestream giving back to our fans, and our partners like Porsche and O’Reilly Auto Parts. For fans who enjoyed the experience last year, they’re in for a treat this year – but all I’m going to say is they better tune in early.”
For more information on the Broadmoor Pikes Peak International Hill Climb, brought to you by Gran Turismo, visit PPIHC.org.
About Mobil 1
Mobil 1, the world’s leading synthetic motor oil brand, is factory fill in many of the world’s most powerful production vehicles. In fact, more than 1,000,000 Porsche engines have left the factory with Mobil 1. Mobil 1 advanced synthetic features anti-wear technology that provides performance beyond conventional motor oils. This technology allows Mobil 1 advanced synthetic to meet or exceed the toughest standards of vehicle manufacturers like Porsche and Bentley, and to provide exceptional protection against engine wear under normal or even some of the most extreme conditions.
For more information, visit mobil1.us and follow @Mobil1 on Facebook, Instagram and Twitter.
ExxonMobil Media Relations
832-625-4000
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.
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DUBLIN--(BUSINESS WIRE)--"The Ammonia Report" has been added to ResearchAndMarkets.com's offering.
The maritime sector is facing a complex transition to fuels and propulsion systems that will comply with current and future IMO strictures.
For the individual company, the transition will almost certainly upset the competitive dynamics within its industry. The company will need an effective strategy conceived specifically for maintaining and enhancing its competitive position. We developed The Ammonia Report as a tool that can facilitate strategic planning of this nature.
The report considers ammonia as a bunker fuel, but does not cast it as an inevitable sector mainstay. Since ammonia does have the potential to dominate the propulsion-fuel transition, we advise maritime players to determine whether and how it should shape their approach.
The Ammonia Report addresses five questions:
1. What are the specific business strategy challenges created for maritime players by the looming energy transition?
2. How do bunker fuel options, including ammonia, compare on critical dimensions of evaluation?
3. Are there major obstacles that could prevent ammonia from becoming a mainstay bunker fuel?
4. What would a strategy look like that is based on the unique position ammonia occupies in the field of sustainable fuel options?
5. What actions should the company take based on relevant strategic considerations? Our advice boils down to this: understand ammonia's salient aspects as a bunker fuel; formulate a strategy that takes account of ammonia's potential impact; move to strategy-driven action as soon as possible; and carry out the action plan in collaboration with like-minded allies.
Why This Report
If you're in the maritime sector, chances are you have been hearing about ammonia. Many parties, including class societies, think tanks, and media companies, have pointed to ammonia's promise as a bunker fuel that can comply with current and future IMO emissions regulations. Some are already at work on ammonia-based solutions.
But this rush to embrace ammonia brings with it a mosquito cloud of questions:
This report was written not just to gain answers to the key questions, but to use understanding of the ammonia concept to minimize the risks their businesses will face in the energy transition and to use the energy transition to enhance their competitive position.
The report employs a business strategy methodology. As such, it compiles and analyzes information relevant to the big-picture challenge faced by the maritime companies, contextualizes ammonia within this information set, presents a strategy built on insights gained from the contextualization, and lays out a series of practical actions that can put the strategy into effect.
Who This Report is For:
This report is for companies who will need to make changes in their businesses in response to the IMO's sulphur limit and GHG regulations - in other words, a large proportion of companies in the maritime sector, including those in the shipbuilding, carrier, financing, fuel production, and bunker fuel supply industries. Many of these companies are on the front lines of change implementation. Many others need to react to the changes made by the front line companies. All will benefit from the clarifying perspectives contained in this report.
Key Topics Covered:
1 - Executive Summary
2 - IMO Mandates
3 - Framing the Alternative Fuel Challenge
4 - The Technical Path for Ammonia Bunker Fuel Implementation
5 - Prescription for a Winning Strategy
6 - Action Plan
SIDEBARS
For more information about this report visit https://www.researchandmarkets.com/r/fhwkch
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Governor, Secretary of Commerce, local leaders join company officials in announcing incentives package, plans for first-of-its-kind plant in U.S.
MONTGOMERY, Ala. & CENTENNIAL, Colo.--(BUSINESS WIRE)--$WWR--Officials of Westwater Resources, Inc. (NYSE American: WWR) joined Alabama Gov. Kay Ivey and other state and local leaders at a press conference in Montgomery today to announce the governor’s signing of incentives agreements that will bring a first-of-its kind, advanced graphite processing plant to the state, and put Alabama at the forefront in producing an essential material in the batteries that power electric vehicles, electronics and other green energy products and equipment.
The plant will be built in the Kellyton area in Coosa County, near Alexander City, by Alabama Graphite Products, LLC, a subsidiary of Alabama Graphite Corp. (“Alabama Graphite”) and its parent company, Westwater Resources, Inc. (“Westwater”). Westwater is a Colorado-based mineral resources company committed to exploring and developing materials for clean, sustainable energy production.
“This plant not only will make Alabama the U.S. leader in graphite production, the go-to place for this important resource in battery manufacturing, it also will elevate our standing even more as a major player in the fast-growing electric vehicle sector,” Ivey said. “We’re home to four major auto plants, and the ability to source precious materials in state for the lithium-ion batteries used in electric and hybrid vehicles will be a big plus in attracting other manufacturing jobs to the state.”
Graphite is used as the anode in lithium-ion batteries, as well as a conductivity enhancer for all types of batteries, including the common lead-acid batteries in traditional vehicles.
Gov. Ivey was joined at today’s press conference by Westwater President and CEO Chris Jones, Commerce Secretary Greg Canfield, state Sen. Clyde Chambliss, Alexander City Mayor Woody Baird, and representatives of the Coosa County Commission and the Lake Martin Area Economic Development Alliance, as well as members of the Alabama Graphite Products team.
“I want to thank Gov. Ivey, Secretary Canfield, other state leaders, and the many local officials in Alexander City and Coosa County who worked with us to make this vision come true,” Jones said. “The people of Alabama have been very welcoming since day one, and their cooperation has been integral in putting together the many pieces needed for us to build this innovative plant in Alabama. We look forward to being an active member of the business community here for many years to come.”
Alabama Graphite plans to make an initial investment of $80 million or more (with a second phase pushing the total to $124 million) in the graphite processing plant. Construction is expected to begin later this year, with the plant operating by the end of 2022. The plant is expected to employ at least 100 full-time, permanent workers. Those jobs will pay an estimated average hourly wage of $21.15.
The agreements signed by the governor will provide Alabama Graphite Products with jobs and tax credits under the Alabama Jobs Acts, totaling up to an estimated $29.9 million over 15 years. In addition, Alabama Industrial Development and Training (“AIDT”) will provide Alabama Graphite Products up to $925,000 in job-training and employee recruitment incentives.
Local incentives to be provided by the Lake Martin Area Economic Development Alliance, the Lake Martin Area Industrial Development Authority, Coosa County and Alexander City are estimated to total more than $4.7 million, and are to include abatement of 10 years of noneducational property taxes and the use of 80 acres in the Lake Martin Regional Industrial Park at no cost. In addition, a bridge will be built to provide additional access to the industrial park.
Water and wastewater treatment will be provided by Alexander City. In support of this effort, Alabama Graphite Products has entered into a public-private partnership to upgrade Alexander City’s wastewater treatment system with a contribution of $400,000 and prepayment of $100,000 in treatment fees.
“This is a great project for Alabama for many reasons,” said Commerce Secretary Canfield. “It perfectly complements our auto industry and what these automakers are doing with EVs here in Alabama. Mercedes and Hyundai have announced major expansion projects specifically for the manufacturing of electric vehicles. Plus, these are well-paying, sustainable jobs that will spur additional economic development and even more jobs in the area.”
Tallapoosa County Commissioner and Lake Martin Area Economic Development Alliance Chairman T.C. Coley Jr. said projects like this reinforce the Alliance's regional approach to economic development.
“Attracting an operation like this means a great deal to the region,” said Coley. “I can't praise enough the multi-jurisdictional effort led by our staff, Executive Director Chad Odom and Assistant Director Denise Walls. Their creativity, knowledge and use of local, state and federal resources made this possible. The mayor of Alexander City, the City Council, city staff and the Coosa County Commission also are to be commended for their efforts to overcome various infrastructure challenges and make investments that secure the region's economic future.”
In addition to making Alabama home to one of the first large-scale producers of refined graphite in the U.S., Alabama Graphite plans to mine raw graphite in western Coosa County in part of what was known as the “Alabama Graphite Belt.” Westwater Resources acquired mineral rights to approximately 42,000 graphite-deposit-rich acres in 2018 and expects to begin mining operations by 2028.
Westwater’s Jones noted that the U.S. government has declared graphite critical to the nation’s economy and national security.
“All of the graphite used and needed in the United States by the electric vehicle industry is imported,” he said. “Most of it is from China, where media have reported both worker and environmental issues. Domestic production of graphite reduces our dependence on foreign sources. Even though the raw graphite we will process into battery-grade material will be imported initially, none of it will be from China. We have secured agreements from other providers.”
Alabama Graphite will use a proprietary process to purify the raw graphite and refine it into battery grade purity. That process is safer and more environmentally friendly and sustainable than the hydrofluoric acid-based process commonly used in China and elsewhere, that requires more water and produces more environment-damaging byproducts.
“One of our core values is safety. We’re protective of our workers, the community and the environment,” Jones said. “Whether it’s mining or processing graphite, our company is committed to doing it in an environmentally safe, sustainable manner. The biggest virtue of electric vehicles and other battery-powered products is they reduce carbon emissions and are better for the environment. Producing the key materials for those batteries, we believe, can and should be done in an environmentally responsible way as well.”
Alabama Graphite’s processing plant will produce approximately 7,500 tons of battery-grade graphite a year initially, eventually expanding to 15,000 tons. The battery in an average EV needs about 175-200 pounds of graphite. Ford’s new electric F-150 truck, the Lightning, is expected to need roughly 450 pounds of graphite, Jones said.
About Westwater Resources
Westwater Resources (NYSE American: WWR) is focused on developing battery-grade graphite. The Company’s projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. For more information, visit www.westwaterresources.net.
Cautionary Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," “scheduled,” and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to the cost and timing for commencement of operations at the Company’s proposed processing plant, the value of the incentives realized by the Company, future production of battery graphite products, future financing activities and financial resources, and activities involving the Coosa Graphite Project and the Coosa Graphite Deposit. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to successfully construct and operate a processing plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19; (e) operating conditions at the Company’s projects; (f) government regulation of the graphite industry and the vanadium industry; (g) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) currently pending or new litigation or arbitration; and (k) other factors which are more fully described in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
For more information about Alabama Graphite Products, go online to www.alabamagraphiteproducts.com.
Westwater Resources
Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
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Porter, LeVay & Rose
Michael Porter, President
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Increased production penetration in major accounts is driving sales post-COVID
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Optomec, an established leader in Additive Manufacturing solutions for 3D Metal Printing and 3D Printed Electronics, has recently received more than $7 Million worth of new orders from its installed base. The orders include more than 10 new systems being added to increase capacity for existing users, together with a range of enabling software products and digital process recipes.
In one example, a major Defense Electronics OEM has added another two 3D Printed Electronics machines, bringing its total fleet to 10 Aerosol Jet systems, the majority of which are used in production for advanced semiconductor packaging applications. The order has a value of $500,000.
In another case, a top-tier supplier of Maintenance, Repair and Overhaul (MRO) services for gas turbine engines added a 5th production system for the restoration of turbine blades. This $1 Million 3D Metal Printer suggests a return to investment for the aviation sector.
“We have seen a marked increase in business activity over the last few months, following COVID’s peak case count in the first quarter,” said David Ramahi, CEO “and it seems only natural that the first movers making new investments are our long-time customers, many of whom have proven high ROI’s on our production Additive Manufacturing equipment.”
Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec’s patented Aerosol Jet Systems for printed electronics and LENS and Huffman brand 3D Printers for metal components are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has delivered more than 500 of its proprietary Additive Manufacturing systems to more than 200 marquee customers around the world, for production applications in the electronics, energy, life sciences and aerospace industries. For more information, visit optomec.com.
LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec, Inc.
Shayna Watson
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(505) 761-8250
DUBLIN--(BUSINESS WIRE)--The "Biomass Electricity Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global biomass electricity market is expected to grow from $1947.2 billion in 2020 to $2078.17 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider biomass electricity market, and compares it with other markets.
Major players in the biomass electricity market are Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Acciona Sa, Dong Energy A/S, Acciona Sa, Ameresco Inc., E.On Se, Graanul Invest Group and RWE Innogy.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2762.29 billion in 2025 at a CAGR of 7%.
The Biomass Electricity market consists of sales of electricity generated using biomass and related services for household and commercial purposes. Biomass gasification refers to a process that involves the burning of biomass for the generation of producer gas or syngas for production of electricity. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure and partial combustion which takes place when the air supply (o2) is inadequate for the combustion of biomass.
The increasing government support through various government subsidies and policies drives the growth of the Biomass Electricity market. Due to the growing concerns about climate change and rising levels of greenhouse gases in the atmosphere resulting from the burning of fossil fuels such as coal and oil, new government policies are being framed to encourage sustainable power generation.
For instance, In India, the Ministry of new and renewable energy under its National Biogas and Manure Management Programme (NBMMP) provides subsidies for setting up a family type biogas plants mainly for rural and semi-urban/households. The programme is implemented by the State Nodal Departments/State Nodal Agencies and Khadi and Village Industries Commission (KVIC), Biogas Development and Training Centers (BDTCs) and involves subsidies up to Rs.17,000 ($230) for setting up biogas plants.
The growing competition from alternative energy sources such as solar, wind, geothermal is expected to limit the Biomass Electricity market. Unlike, wind power plants, biogas plants are affected by cold climates.
Also, the solar and wind energy plants use raw resources which are available in abundance whereas biogas production is only possible in rural areas where raw materials such as agricultural waste, manure, green waste or food waste are in constant supply. Thus, the popularity and ease of maintaining alternative energy sources such as solar, wind, geothermal restraints the growth of the Biomass Electricity market.
The Biomass Electricity market covered in this report is segmented by feedstock: solid biomass, biogas, municipal solid waste, liquid biomass and by end-user: households, industrial sector, government sectors, others. It is also segmented by technology: anaerobic digestion, combustion, co-Firing, gasification, landfill gas.
Key Topics Covered:
1. Executive Summary
2. Biomass Electricity Market Characteristics
3. Biomass Electricity Market Trends and Strategies
4. Impact of COVID-19 on Biomass Electricity
5. Biomass Electricity Market Size and Growth
5.1. Global Biomass Electricity Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Biomass Electricity Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Biomass Electricity Market Segmentation
6.1. Global Biomass Electricity Market, Segmentation by Feedstock, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Biomass Electricity Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Biomass Electricity Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Biomass Electricity Market Regional and Country Analysis
7.1. Global Biomass Electricity Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Biomass Electricity Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/vc5jb7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CHANDLER, Ariz.--(BUSINESS WIRE)--#energy--Elevation, a national leader in residential energy solutions including solar, energy efficiency, and smart energy technology, announced today the initial close of a Series A financing led by Vesta Ventures, a residential-focused proptech venture capital fund founded by industry veterans Rich Ford and Clayton Wyatt.
This latest funding will allow Elevation to invest in and expand its proprietary technology platforms for homeowners, renters, institutional operators of single family rental portfolios, and utility companies.
“We are thrilled to lead this investment into such an innovative and rapidly expanding company,” said Rich Ford, co-founder of Vesta Ventures.
“The institutional rental market is one of the fastest growing segments in commercial real estate. Technology-based solutions, like Elevation, that increase ancillary revenues and reduce operating costs are critical to scale. Elevation’s ability to reduce residential energy consumption and expense is an obvious benefit to every homeowner, but their unique ability to tie thousands of homes together through the institutional relationships we jointly share is a unique opportunity to have a major impact on energy consumption that is massively beneficial to owners, tenants and landlords in addition to the environment. We are thrilled to join with Elevation at the forefront of this [ESG] revolution.”
Elevation is currently one of the top 20 largest residential solar developers in the U.S. and a national leader in energy efficiency and energy monitoring technology. The company has received multiple local and national awards for its commitment to excellence and customer service, including its third straight year as a Department of Energy Contractor of the Year in 2021 for its work on improving residential energy efficiency.
Already a leader in residential solar, storage, and energy efficiency, Elevation expanded its technology platform with the 2020 acquisition of Austin, Texas-based Curb Energy and completed a successful pilot deploying energy technology to create virtual power plants. This combination of solar, energy efficiency, and smart energy technology has enabled Elevation to create a unique Whole Home Energy Solution that dramatically decreases the cost of electricity for homeowners and renters while reducing operational costs for institutional real estate operators and reducing environmental impact.
Jerry Coleman, Elevation’s chairman and co-founder, continues his extensive track record of innovation with Elevation. An early leader in the single family rental industry as co-founder of Invitation Homes (NYSE: INVH) and founder of proptech innovator Offerpad, Coleman has pioneered new real estate solutions throughout his career.
“At Elevation, we are passionate about improving the way homeowners, renters and institutional operators understand and consume energy. We are excited to partner with Rich and the team at Vesta Ventures after working with them at Invitation Homes and Offerpad,” said Coleman. “I’ve spent my career leveraging technology to help families across the country buy and lease homes. Now, we are committed to helping those families and others reduce energy use and cost without sacrificing comfort.”
About Elevation
Headquartered in Arizona, with offices in Texas, Nevada and California, Elevation is a fully integrated residential energy solutions company providing solar, energy efficiency, and smart energy management technology. As a 2019, 2020, and 2021 Contractor of the Year recipient by the U.S. Department of Energy and the parent company of Austin, TX based Curb Energy, Elevation is a leader in clean-energy technologies and their deployment to homeowners and institutional operators of single family rental and multi-tenant properties, having served thousands of families looking to make their homes more efficient and comfortable. elevationenergysolutions.com
About Vesta Ventures
Vesta Ventures is a venture capital fund investing in the proptech sector with a focus on platforms at the intersection of residential real estate and technology.
Media Contact:
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Horizon Strategies
602-598-1524
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Transplace offers compliance, regulatory and logistics expertise to save transportation costs
DALLAS--(BUSINESS WIRE)--#3PL--Transplace, the leading provider of advanced logistics technology and solutions, announces Kellogg Company’s recent implementation of Transplace’s Customs Portal and customs brokerage services. The new agreement enables the world’s largest cereal and prepared foods provider to streamline customs compliance and cross-border logistics while gaining shipment visibility and control.
“Kellogg’s maintains the highest standards for quality in everything we do, including food production and distribution across Mexico, the U.S. and Canada,” said Norberto Rodriquez, Senior Manager, Foreign Trade, Customer Service & Logistics Latin America, Kellogg’s Mexico. “As a trusted logistics partner, Transplace understands our unique needs to help us raise the performance level of our customs compliance and customs operations. Transplace’s leading-edge technology is now integrated seamlessly with our foreign trade software, delivering end-to-end visibility from freight origin to customs clearance and final delivery, simplifying our cross-border shipping.”
Transplace’s Customs Portal delivers complete international trade control in a single tool to provide multi-modal compliance accuracy and data integrity for supporting shipment documentation. From C-TPAT (Customs-Trade Partnership Against Terrorism) and OEA (Authorized Economic Operators) certifications to customs valuations, origin analysis and foreign trade promotion programs management, Transplace has the infrastructure and domain experts to support Kellogg’s customs operations.
“This new customs brokerage agreement expands on our existing five-year relationship with Kellogg’s Mexico, as well as our longtime logistics technology and solutions partnership with Kellogg’s in the U.S.,” said Frank McGuigan, CEO of Transplace. “We’re delighted to be supporting Kellogg’s customs business for imports and exports between Mexico, the U.S. and Canada. We look forward to this advancement in our collaboration towards seamless continental supply chain excellence.”
Connect with a Transplace expert to learn more about cross-border services, customs brokerage, customs clearance and innovations in logistics management services in North America: transplace.com/contact/connect-with-an-expert/.
About Transplace
Transplace powers one of the largest managed transportation and logistics networks in the world. Our tech-enabled services and solutions platform are backed by the unrivaled combination of innovative technology and a dedicated team of domain experts, engineers and data scientists. We are committed to thrilling our customers by consistently improving supply chain performance and providing greater visibility and control of their logistics networks. Companies of all sizes rely on Transplace to deliver trusted outcomes through best-in-class logistics management, strategic capacity and cross-border services. Follow the company on Twitter, Facebook, Transplace.com and the Transplace Industry Blog.
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HOUSTON--(BUSINESS WIRE)--$NEXT #carboncapture--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today announced that the Board of Directors has appointed Mr. Ivan Van der Walt as Chief Operating Officer effective July 1, 2021, and Ms. Vera de Gyarfas as General Counsel and Corporate Secretary effective July 12, 2021.
Mr. Van der Walt will continue to be responsible for all project management, engineering, construction, commissioning, and operations of the Company’s LNG and carbon capture projects. Mr. Van der Walt joined NextDecade in July 2018 serving as Senior Vice President, Engineering and Construction. Mr. Van der Walt has nearly thirty years of experience in the global energy industry, including senior roles with Chicago Bridge & Iron Company (now McDermott) and Chevron. He also previously served as chief executive of the Australasian division of the KNM Group. He has management experience on multiple LNG projects including Darwin LNG, Woodside LNG Train 5, Pluto LNG, Gorgon LNG (as well as the associated carbon capture and storage project), and Cameron LNG.
Ms. de Gyarfas joins NextDecade with nearly thirty years of legal experience in the global energy industry having responsibility for oversight of all legal, corporate governance, compliance, litigation, regulatory, and outside counsel management. She was previously a partner in Mayer Brown’s Houston office and a member of the firm’s Oil & Gas industry group. Ms. de Gyarfas has extensive LNG industry experience, including having represented Anadarko as operator of the Area 1 Block and developer of an LNG project in Mozambique, structuring and negotiating investments agreements, commercial contracts, LNG Sale and Purchase Agreements, and other activities in support of LNG project developers, buyers, and investors. Ms. de Gyarfas is U.S. Regional Director for the Association of International Petroleum Negotiators and Vice Chair of the International Committee of the Institute for Energy Law.
Ms. de Gyarfas is replacing Ms. Krysta De Lima, who will be leaving the Company effective July 7, 2021, to pursue other interests.
“I join my fellow employees and Directors in congratulating Ivan and Vera on their appointments and thanking Krysta for her six years of dedicated service to NextDecade,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “Krysta has provided invaluable counsel across the Company’s activities and functional areas and we wish her all the best in her future endeavors.”
About NextDecade Corporation
NextDecade Corporation (NextDecade) is committed to providing the world access to cleaner energy. NextDecade, through its wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. The Rio Grande LNG facility is expected to be the largest and greenest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.
NextDecade Forward-Looking Information
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and 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 uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline's construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; the 2019 novel coronavirus pandemic and its impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2020 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference.
Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
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HBW Client Services and Staff Growth Exceed 50 Percent in Past Two Years
HOUSTON--(BUSINESS WIRE)--#Communications--Leading government affairs, advocacy, and communications firm HBW Resources today announced a corporate realignment and staffing expansion that reflects unprecedented client demand and financial growth, and an investment into maintaining its market leadership as an agile and innovative boutique firm with the expertise and geographic reach of larger companies.
In the last two years, HBW’s client base has grown significantly and the firm has hired proven professionals to strengthen all of its divisions, including communications, federal affairs, state affairs and its regulatory & policy practice, enhanced to include Environmental, Social and Governance (ESG) consulting. The new talent and expertise has expanded the HBW team by 50%, and given clients greater access to local, state and federal stakeholders, as well as more sophistication in every practice area.
“With so much happening in the energy, infrastructure and environmental arenas, the demand for our core expertise in communications, advocacy, stakeholder relations and government affairs has never been greater in our 16-year history,” Managing Partner David Holt said. “In response, we have added dynamic and diverse talents to boost our depth of expertise, national reach and available services, while maintaining our unparalleled record of helping companies bring major capital projects across the finish line.”
“HBW has responded to the changing needs of the industries we serve, while staying true to our founding vision of giving clients bipartisan strength, nimble execution, and strategic planning under one roof to communicate thoughtfully and effectively to the public, elected leaders and government officials.”
As part of the realignment, HBW also refreshed its branding with a new logo, website and marketing materials that better reflect the current configuration and service offerings of the firm, Holt said.
“There’s never been a more exciting nor rapidly changing time in energy and environmental policy. We are witnessing an era where effective communication has never been more essential to break through the noise, defend reputations and provide reasoned, responsible, balanced information. Our team is purpose-built to guide clients through those realities and ensure their story is heard by the right audiences,” he said.
HBW’s 2005 genesis was intended to meet the energy and environmental communities’ need for a new way to advocate and communicate to the public, government and other stakeholders. Since then, HBW has run nearly 300 successful advocacy campaigns at the national, state and hyperlocal levels, many which have gone from concept to execution in as little as 48 hours.
Today, HBW offers full-spectrum communications and public relations expertise, from media & ad buying to media relations and strategic communications as well as corporate branding and in-house video and digital advertising production. HBW’s policy & regulatory practice offers in-depth policy perspectives, research expertise, permitting guidance and – together with HBW LLP – legal guidance.
The Federal Affairs team combines more than 100 years of bipartisan legislative and executive branch experience with the relationships and expert strategic guidance they need to successfully navigate Congress and Executive Branch Agencies, and turn business objectives into actionable plans.
HBW’s State Affairs team maintains relationships with key elected leaders and officials in more than 20 states, and incorporates strategies and tools ranging from mobilizing stakeholders at the hyperlocal level to direct lobbying and giving testimony, to polling/focus group testing and commissioning independent academic studies and running comprehensive issues management campaigns.
The firm continues to bring success to clients across the energy industry spectrum including solar, wind, hydropower, oil, natural gas, utilities, nuclear power, hydrogen and more. Beyond energy clients, HBW represents Fortune 500 companies and others in the environmental, technology, manufacturing, transportation, infrastructure and mining sectors, as well as conservation groups and trade associations.
Together with its independent Board of Directors, HBW senior executives also founded Consumer Energy Alliance, the first-of-its-kind third-party organization designed to expand the energy dialogue across the entire economic spectrum and advocate for sensible energy and environmental solutions on behalf of individual families, farmers, truck drivers, labor, manufacturers, small business owners and more. CEA remains one of HBW’s top-tier clients.
“We are humbled that so many companies have chosen HBW to meet their advocacy and communications needs, and look forward to serving the industries we represent successfully for many years to come,” Holt said.
About HBW Resources:
Headquartered in Houston with offices across the U.S., HBW Resources is a government affairs, advocacy and communications firm exclusively focused on traditional and renewable energy, environment, conservation, technology and transportation issues. Focused on creating and executing innovative PR, communications, and public policy campaigns and strategies, HBW has a well-earned reputation for successfully navigating clients through the intersection of government, business and politics. HBW fuses its broad expertise to ensure organizations master their challenges, catalyze opportunities and achieve success. To learn more, visit HBWResources.com.
Bryson Hull
HBW Resources
P: 202-657-2855
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HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) executive management will host a webcast at 2 p.m. EDT on Tuesday, Aug. 3, to discuss the partnership’s second-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Partners Investors site, https://unitholder.phillips66partners.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.
Jeff Dietert (investors)
832-765-2297
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”) today announced that Advent Chairman and CEO Dr. Vasilis Gregoriou will speak at the European Hydrogen Conference on Wednesday, June 23, 2021. The one-day virtual event is produced by the Energy Council and will feature speakers from across the green energy and oil and gas industries to present an overview of the hydrogen economy and to discuss key next steps in the decarbonization movement.
Dr. Gregoriou will take part in a 20-minute interview, entitled “Fuel Cells to Power Forward the Decarbonization of the Oil & Gas Sector,” which will focus on the status of fuel cell technologies in the transition to a hydrogen economy. He will present his vision for the decade of the fuel cell and discuss how Advent is paving the way towards a new, clean energy economy through its next-generation “Any Fuel. Anywhere.” technology, which allows for remote, no-emission power solutions that are reliable, flexible, durable, and scalable to higher power levels.
The European Hydrogen Conference focuses on the latest projects, technologies, and regulations to achieve the European Commission’s net-zero emissions target. Discussions include the pace of demand creation and developing a long-term integrated hydrogen supply. The conference will take place in two parts: virtually on June 23, 2021, and in person on February 2, 2022 in Vienna, Austria alongside the Energy Council’s annual European Gas Conference.
Dr. Gregoriou’s interview will be broadcast live at 3:30 PM BST / 10:30 AM EDT on Wednesday, June 23. Registration to follow the program is found here: European Hydrogen Conference | Energy Council.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents issued (or pending) for its fuel cell technology, Advent holds the IP for next-generation high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, maritime, aviation and power generation sectors. For more information, visit www.advent.energy.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
James Goldfarb / Emily Mohr
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HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Tuesday, Aug. 3, to discuss the company’s second-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, https://www.phillips66.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,200 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of March 31, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
Jeff Dietert (investors)
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DUBLIN--(BUSINESS WIRE)--The "Quantum Computing in Oil and Gas - Thematic Research" report has been added to ResearchAndMarkets.com's offering.
Quantum computers are machines that use the properties of quantum physics to store data and perform computations. Use cases stretch from improved weather forecasting to cracking the codes used to encrypt all internet messaging. The company (or government) that owns the first at-scale quantum computer will be powerful indeed. Quantum computers are proving extremely difficult to build, and fully-fledged commercial computers are not expected for 10, 20, or even 30 years. However, within the next five to seven years, intermediate quantum computers are likely to become available that can offer a quantum advantage over classical computers in certain optimization applications across, for example, space warfare, logistics, drug discovery, and options trading.
Oil majors ExxonMobil, Total, Shell, and BP, are among the few industry participants to venture into quantum computing. Although these companies intend to use the technology to solve diverse business problems, quantum chemistry is emerging as the common focus area of research in the initial phase.
Scope
Reasons to Buy
Key Topics Covered:
1. Executive summary
2. Trends
3. Timeline
4. Companies
5. Glossary
For more information about this report visit https://www.researchandmarkets.com/r/6z07l1
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DELRAY BEACH, Fla. & TROY, Mich.--(BUSINESS WIRE)--Forum Merger III Corporation (Nasdaq: FIII, FIIIU, FIIIW) (“Forum” or the “Company”) and Electric Last Mile, Inc. (“ELMS”) today announced that Forum’s management team purchased approximately $4.9 million, or 500,000 shares, of Forum’s common stock on the open market.
“This additional investment in Forum ahead of our business combination with Electric Last Mile, Inc. is a testament to our confidence in ELMS’ future as a leader in the commercial electric vehicle industry,” said a member of the Forum management team. “With an expected first-mover advantage and seasoned leadership team, we believe ELMS is strongly positioned to redefine the last mile industry and we look forward to supporting their efforts. As we approach the close of the business combination, we continue to be excited for the future of ELMS.”
Forum will hold a special meeting of its stockholders on June 24, 2021 to approve its proposed business combination with ELMS. If the business combination is approved, the combined company will be named Electric Last Mile Solutions, Inc. and the common stock of Electric Last Mile Solutions, Inc. will continue to be listed on the Nasdaq Capital Market under the new ticker symbol “ELMS.”
About Forum Merger III Corporation
Forum Merger III Corporation (NASDAQ: FIII, FIIIU, FIIIW) is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Forum’s mandate is to consider an initial business combination target in any business or industry and it focused its search on companies with an aggregate enterprise value of approximately $500 million to $2 billion that are based in the United States. Forum is led by Co-Chief Executive Officers Marshall Kiev and David Boris.
About Electric Last Mile, Inc.
ELMS is focused on redefining the last mile with efficient, connected and customizable solutions. ELMS’ first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market. The company is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com or Twitter @ELMSolutions.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forum Merger III Corporation’s (“Forum”) and ELMS’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,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Forum’s and ELMS’s expectations with respect to future performance and anticipated financial impacts of the previously announced business combination of Forum and ELMS (the “business combination”), the satisfaction of the closing conditions to the business combination, the size, demands and growth potential of the markets for ELMS’s products and ELMS’s ability to serve those markets, ELMS’s ability to develop innovative products and compete with other companies engaged in the commercial delivery vehicle industry and/or the electric vehicle industry, ELMS’s ability to attract and retain customers, the estimated go to market timing and cost for ELMS’s products, the implied valuation of ELMS and the timing of the completion of the business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Forum’s and ELMS’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the agreement and plan of merger (“Merger Agreement”) relating to the business combination or could otherwise cause the business combination to fail to close; (2) the inability of ELMS to consummate the Carveout Transaction (as defined below); (3) the outcome of any legal proceedings that may be instituted against Forum or ELMS following the announcement of the business combination; (4) the inability to complete the business combination, including due to failure to obtain approval of the stockholders of Forum or other conditions to closing in the Merger Agreement; (5) the receipt of an unsolicited offer from another party for an alternative business transaction that could interfere with the business combination; (6) the inability to obtain the listing of the common stock of the post-acquisition company on the Nasdaq Stock Market or any alternative national securities exchange following the business combination; (7) the risk that the announcement and consummation of the business combination disrupts current plans and operations; (8) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the combined company to grow and manage growth profitably and retain its key employees; (9) costs related to the business combination; (10) changes in applicable laws or regulations; (11) the possibility that ELMS may be adversely affected by other economic, business, and/or competitive factors; (12) the impact of COVID-19 on the combined company’s business; and (13) other risks and uncertainties indicated from time to time in the proxy statement filed relating to the business combination, including those under the “Risk Factors” section therein, and in Forum’s other filings with the SEC. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that Forum and ELMS consider immaterial or which are unknown. Forum and ELMS caution that the foregoing list of factors is not exclusive. Forum and ELMS caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. ELMS is currently engaged in limited operations only and its ability to carry out its business plans and strategies in the future are contingent upon the closing of the business combination. The consummation of the business combination is subject to, among other conditions, (i) the effectiveness of certain agreements between ELMS and SF Motors, Inc. (d/b/a SERES) (“SERES”), (ii) the acquisition by ELMS of a leasehold interest in, or fee simple title to, the Indiana manufacturing facility prior to the business combination (provided that Forum has agreed that this condition will be waived upon delivery by ELMS of evidence of the mutual written agreement of ELMS and SERES as to the date and time of the transfer of possession of the facility to ELMS, which date and time shall be no later than two business days following the closing of the business combination), and (iii) the securing by ELMS of key intellectual property rights related to its proposed business (collectively, the “Carveout Transaction”). All statements herein regarding ELMS’s anticipated business assume the completion of the Carveout Transaction. Forum and ELMS do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
Important Information About the Business Combination and Where to Find It
In connection with the business combination, Forum filed a definitive proxy statement with the U.S. Securities and Exchange Commission (“SEC”). Forum’s stockholders and other interested persons are advised to read the definitive proxy statement in connection with Forum’s solicitation of proxies for the Special Meeting to be held to approve, among other things, the business combination, because these documents contain important information about Forum, ELMS and the business combination. The definitive proxy statement for the business combination was mailed to stockholders of Forum as the Record Date. Forum’s stockholders may also obtain a copy of the definitive proxy statement, as well as other documents filed with the SEC by Forum, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: Forum Merger III Corporation, 1615 South Congress Avenue, Suite 103, Delray Beach, FL 33445. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
Forum and its directors and executive officers may be considered participants in the solicitation of proxies with respect to the business combination. Information about the directors and executive officers of Forum and a description of their interests in Forum are set forth in the definitive proxy statement, which was filed with the SEC, in connection with the proposed business combination. These documents can be obtained free of charge from the sources indicated above. ELMS and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Forum in connection with the business combination. A list of the names of such directors and executive officers and information regarding their interests in the business combination are set forth in the definitive proxy statement, which was filed with the SEC, in connection with the proposed business combination. These documents can be obtained free of charge from the sources indicated above.
For Forum Merger III Corporation
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Enviva is shortlisted under the “Energy and Utilities” category for its dedication to responsible sourcing, commitment to net zero, and the development and implementation of its Track & Trace standard across the industry
BETHESDA, Md.--(BUSINESS WIRE)--#Bioenergy--Enviva, a leading global renewable energy company specializing in sustainable wood bioenergy, today announced it was selected as a finalist for the 2021 ESG Reporting Awards, a global awards program devoted to assessing and evaluating the best public companies in the areas of sustainability and climate-related reporting. Upon evaluating a large number of high-quality nominations across 11 categories – from small, mid-sized, and large cap listed companies across the globe – ESG Investing shortlisted Enviva as a finalist under the “Energy and Utilities” category.
“We are thrilled to be recognized for our relentless commitment to sustainability and transparency among our peers in the energy and utility sector,” said Dr. Jennifer Jenkins, Vice President and Chief Sustainability Officer at Enviva. “For years to come, Enviva’s policies, pledges and reports will continue to guide our work to ensure that 100% of our sourcing meets our strict sustainability requirements. We hope our forward-thinking approach to sustainability and transparent publicly available reporting will inspire and motivate others across the industry to do the same.”
On a mission to displace coal, grow more trees, and fight climate change, Enviva strictly adheres to its Responsible Sourcing Policy (RSP), which outlines a stringent set of sourcing guidelines that hold Enviva to the highest standards of sustainability, integrity, forest stewardship, and continuous improvement. Every year, Enviva lays out commitments to its RSP in the form of annual Implementation Plans (see 2021 plans here). Once the annual plans are published at the start of the year, Enviva provides a mid-year update, and then, at the end of the year, Enviva reports on its accomplishments via an annual Impact Report. Additionally, in 2020, Enviva published its first Corporate Sustainability Report, featuring a GHG Inventory and a discussion on its sustainability journey from inception (2004) to the present.
Providing transparent information about its wood supply is fundamental to the company’s mission to displace fossil fuels reliably and sustainably. Enviva’s Track & Trace® (T&T®) technology has proven mission critical in monitoring, tracking, and reporting exactly where all Enviva’s wood is sourced. Over the last year, Enviva developed and deployed a T&T standard, enabling the company to engage a third-party auditor to verify and ensure the company has and will continue to follow T&T procedures and reporting accurately.
Looking ahead, Enviva announced its commitment to become net zero in its operations by 2030 and has agreed to publicly report on its progress annually. Throughout the next year, Enviva is working to include blockchain in its reporting to enhance end-to-end assurance in its traceability.
To view the full list of 2021 ESG Reporting finalists, click here. The 2021 ESG Reporting award winners and runners-up will be announced on August 2.
About Enviva Holdings, LP
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the U.S. Southeast. We export our pellets to power plants in the United Kingdom, Europe, and Japan that previously were fueled by coal, enabling them to reduce their lifecycle carbon footprint by more than 85 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. Southeast. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com.
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OSLO, Norway & NEW YORK--(BUSINESS WIRE)--FREYR AS (FREYR), the Norway-based developer of clean, next-generation battery cell production capacity, and Alussa Energy Acquisition Corp. (Alussa Energy) have named eight directors to be appointed to the Board of Directors (Board) for FREYR Battery, a newly formed company created for the proposed business combination between FREYR and Alussa Energy. The Board shall assume its position with effect from the closing of the business combination.
The Board will support FREYR Battery in its ambition to become one of the leading producers of clean batteries to accelerate the decarbonization of transportation and energy systems across the globe.
The identified Directors represent a diverse set of experiences and backgrounds, all of whom believe in the mission of global decarbonization and development of sustainable energy solutions. The Board is carefully composed of business leaders from five different countries, including Norway, the United States, Hungary, Brazil and Argentina, providing the global perspectives that will guide FREYR Battery towards accomplishing its ambition of providing clean, efficient, low-carbon and low-cost battery cells.
The initial Board will comprise of the following Directors:
Torstein Dale Sjøtveit, the founder and executive chairman of FREYR, and FREYR Battery Board nominee, said; “I am very proud and humbled by having such a competent and diverse team joining the Board of Directors at FREYR Battery. We all share the same strategic vision for the company of developing a leading global position through partnering with technology providers, customers and suppliers to deliver low-cost battery cells with among the lowest carbon content in the world. We start delivering on our ambitions by building our first plants in Norway with a focus on the global ESS and commercial vehicle market and expect to expand our production footprint into other markets with scale and speed.”
Daniel Barcelo, Founder and Director of Alussa Energy, continued, “The FREYR Battery Board of Directors represents the full bandwidth of industry, technology and sustainability capabilities that are required to fully support the FREYR team in executing our joint goal of decarbonizing transportation and energy systems by delivering sustainable and cost-effective batteries.”
Jeremy Bezdek, Managing Director of KSP, the largest investor in FREYR Battery, commented, “The KSP mandate to pursue investments in innovative, differentiated companies involved in the transforming energy space has been a focus for us. We see the immense potential in FREYR’s business model and are eager to work with the company to grow these plans on a global scale. Our investment in FREYR provides KSP the opportunity to participate in the emerging EV and energy storage markets in a manner that will enable significant long-term value creation in different markets around the globe.”
Olaug Svarva, the Chair of DNB and Norfund, and independent nominee to the FREYR Battery Board, added, “The transformation of FREYR from an ambitious Norwegian clean battery start-up into a NYSE-listed company with global partners and a proven senior executive team is well underway. Sustainable energy solutions are the pathway to an emission-free future, and I could not be more excited to be working with a young, ambitious company set to make a lasting worldwide impact through the decarbonization of transport and energy systems. FREYR’s upcoming NYSE listing is a major milestone for Norway as an incubator of advanced process industry and renewable energy companies which help to accelerate the global energy transition.”
German Curá, the Vice-Chairman of Tenaris and director of Alussa Energy, said, “FREYR has built an incredibly well-equipped management team with leaders that have real hands-on experience from global business and project development. I truly appreciate the opportunity to help couple this deep Norwegian process industry know-how and the nation’s renewable energy surplus to unlock the potential to build a strong, growing and global sustainable industry. I’m looking forward to being part of that transition as a member of FREYR Battery’s Board of Directors.”
On 29 January 2021, FREYR announced that it will become a publicly listed company through a business combination with Alussa Energy. Subject to closing conditions being met, the combined company will be named “FREYR Battery” and its ordinary shares and warrants are expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing. The Board of Directors will be appointed in accordance with the business combination agreement, which was approved by the extraordinary general meeting of FREYR on 16 February. Alussa Energy will hold its Special Meeting to approve the business combination on 30 June 2021.
Alussa Energy/FREYR Capital Markets Update Webcast
Alussa Energy and FREYR will jointly host a virtual Capital Markets Update at 10:00 a.m. Eastern Time on June 22, 2021 to discuss items related to the business combination and provide an update on business activities at FREYR. In addition, the webcast will feature Jarand Rystad, CEO of Rystad Energy, who will provide the firm’s macro outlook for global energy transition trends and the battery industry. Visit the ‘Investors’ section at both www.freyrbattery.com and www.alussaenergy.com for more information.
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.
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: https://www.alussaenergy.com.
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, 2021 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 CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. The S-4 was declared effective on June 14, 2021 and the definitive Proxy Statement contained in the S-4 and other relevant materials for the transaction have been 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 the Solicitation
Alussa Energy, Pubco and FREYR and certain of their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from the shareholders of Alussa Energy in favor of the approval of the business combination. Shareholders of Alussa Energy and other interested persons may obtain more information regarding the names and interests in the proposed transaction of Alussa Energy’s directors and officers in Alussa Energy’s filings with the SEC, including Alussa Energy’s annual report on form 10-K for the year-ended December 31, 2020, which was filed with the SEC on March 1, 2021 and amended on May 6, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Additional information regarding the interests of such potential participants are also included in the registration statement and other relevant documents filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
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.
Forward-looking Statements
Certain statements made in this press release, and certain oral statements made by representatives of Alussa Energy, Pubco 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 appointment of the nominated directors, the production of clean and cost-effective batteries, the plan to deliver 43 GWh of next-generation battery cell manufacturing capacity, potential partnerships with technology providers, customers and suppliers to deliver clean and low-cost battery cells, the expansion into other markets with scale and speed, the listing of Pubco’s common stock and warrants on the New York Stock Exchange and the closing of the business combination. 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 failure to appoint the nominated directors, 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 renewable energy, build collaborations with technology providers, customers and suppliers and expand into other 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.
FREYR
Steffen Føreid, CFO, +47 9755 7406, This email address is being protected from spambots. You need JavaScript enabled to view it.
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Alussa Energy
Chi Chow, Alussa Energy, Strategy & Investor Relations, +1 929-303-6514, This email address is being protected from spambots. You need JavaScript enabled to view it.
PALO ALTO, Calif.--(BUSINESS WIRE)--Sitetracker, the global standard for deploying, operating, and servicing critical infrastructure technology, announces the availability of Quickstart implementation offerings for the deployment of Electric Vehicle (EV) charging assets. The offerings enable Sitetracker customers to go-live with a new org in weeks and represent the fastest way to reach return on investment from Sitetracker.
The EV Quickstart offerings come in three tiers: Standard, Plus, and Advanced, with increasing levels of implemented business processes included in each. The Standard tier is designed to be the fastest and most efficient way to go-live with Sitetracker for EV projects. It includes configuration of standard templates for DC Fast or L2 template projects, standard reports and dashboards, trackers, Sitetracker Mobile, and the standard rollup for budget reporting.
The Plus tier offers everything in the Standard offering but brings in additional business processes like managing site field assets, EV budgeting, site validation forms on mobile, and approval workflows for invoices, purchase orders, and budgets.
For the most comprehensive implementation requirements, the Advanced tier offers configuration of the site candidates module, vendor bid module, timetracker, an approval workflow for bids, as well as everything included in the previously mentioned tiers.
Additionally, customers can opt for add-on components, such as a data migration, SSO integrations, or installing the Sitetracker EV org into an existing Salesforce or Sitetracker instance.
“It’s no secret that the alternative energy revolution is in full swing, with 2050 being the target year that ‘alternative energy’ becomes just ‘energy,’” comments Mike DiModugno, Sitetracker’s Vice President of Solution Delivery. He continues, “to get there, millions of alternative energy assets have to get deployed on time, with greater efficiency than ever before. Sitetracker’s EV Quickstart offerings bridge that gap, enabling organizations to achieve operational excellence by going live with Sitetracker in record times and leveraging our best practices.”
As with other Sitetracker implementation offerings, the EV Quickstart’s templates, configurations, and other components are all based on industry best practices, drawing from the wealth of knowledge represented by Sitetracker’s own industry experts as well as its customers’.
Parjanya Rijal, Sitetracker’s Head of Energy Products, remarks, “this is an exciting time to be on team green. Sitetracker is passionate about furthering our products and empowering firms that are deploying alternative energy assets for a sustainable future. The industry can expect even more from us in the near future.”
If you are a Sitetracker customer or would like to learn more about the Sitetracker Contractor Portal, please contact the team via This email address is being protected from spambots. You need JavaScript enabled to view it. or visit: Sitetracker.com/demo.
About Sitetracker, Inc.
Sitetracker, Inc. powers the successful deployment of critical infrastructure. As the global standard for managing high-volume deployments, the Sitetracker Platform enables growth-focused innovators to optimize the entire asset lifecycle. From the field to the C-suite, Sitetracker enables stakeholders to optimize how they plan, deploy, maintain, and grow their capital asset portfolios. Market leaders in the telecommunications, utility, smart cities, and energy industries — such as Volta, Black & Veatch, Google Fiber, and Chargepoint — rely on Sitetracker to manage millions of sites and projects representing over $25 billion of portfolio holdings globally. For more information, visit www.sitetracker.com.
Conrad Yu
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Appointment of business director Jerin Raj will help to advance the region’s renewable energy integration, grid reliability targets
BANGKOK--(BUSINESS WIRE)--As the need for integrated power generation, transmission and distribution solutions grows across Asia, Black & Veatch has further strengthened its power transmission and distribution team with the appointment of Jerin Raj as its Asia Power Transmission & Distribution Business Director.
“With the share of renewable energy in Southeast Asia’s power generation mix increasing, the region will need more integrated power solutions to improve grid efficiencies and resilience. One critical step will be to expand its transmission and distribution networks. Jerin’s deep knowledge of the regional power transmission sector will further enable Black & Veatch to help clients achieve profitability, reliability and compliance targets through cost and schedule certainty,” said Narsingh Chaudhary, Black & Veatch's Executive Vice President & Managing Director, Asia Power Business.
According to Black & Veatch’s Strategic Directions: Electric Industry Asia 2021 Report, the most significant investments in new capacity over the next three to five years is expected in renewable energy. Solar (land), energy storage, solar (floating), wind (offshore) and microgrids represent the top five categories.
Regional energy industry leaders caution that underinvestment in more reliable transmission networks is one of the key threats to reliable grid operations and performance across Asian electricity markets.
Raj has over 17 years of global experience in project delivery, business development, sales, proposals, contracting, operations, change management and project management primarily in the power transmission sector. In his previous roles, he organized and ran operations in Southeast Asia and helped to deliver power transmission infrastructure across the East Asia Pacific region. Raj is based in Bangkok.
A market leader in power transmission and distribution infrastructure, Black & Veatch offers a full range of new and operating asset services from consulting, engineering, to full Engineering, Procurement and Construction (EPC) in areas including substations, overhead and underground transmission lines, renewables integration, high voltage direct current (HVDC) transmission and flexible alternating current transmission systems (FACTS).
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Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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