PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. (NYSE: PNW) announced today that it plans to release its 2021 second-quarter financial results before the U.S. financial markets open on Thursday, Aug. 5, 2021.
That same day at noon ET (9 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments.
To access the live session:
To access the replay:
Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $20 billion, about 6,300 megawatts of generating capacity and more than 6,000 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to more than 1.3 million Arizona homes and businesses. For more information about Pinnacle West, visit the company’s website at pinnaclewest.com.
Media Contact: Alan Bunnell (602) 250-3376
Analyst Contact: Stefanie Layton (602) 250-4541
Website: pinnaclewest.com
Helping Customers Stay Safe this Independence Day as COVID-19 Restrictions are Lifted
SAN FRANCISCO--(BUSINESS WIRE)--This Fourth of July brings the first major holiday since California officials lifted guidelines related to COVID-19, and that means many more residents will celebrate the country’s independence with friends, family, and neighbors.
While Pacific Gas and Electric Company (PG&E) welcomes the return to holiday gatherings, the company urges its customers to put safety first and stay alert to potential dangers. Celebrations that involve fireworks, barbeques and swimming can increase the risk of fires, electric hazards, heat-related illnesses, and other perils. PG&E strongly recommends that citizens follow the local rules and regulations regarding fireworks.
The safety of our customers and communities is our most important responsibility, and that’s why PG&E is offering important reminders to help customers stay safe this Independence Day and throughout the summer:
Electric Safety
Summer Safety
Heat Safety
PG&E reminds customers to update their contact information at pge.com/mywildfirealerts so that we can provide up-to-the-minute safety and service information.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) today announced that John McDill has been promoted to senior vice president of utility operations effective October 1, 2021. In his new role, McDill will be responsible for the operations of Atmos Energy’s six utility divisions in eight states, as well as gas supply.
“John has broad experience in safety, engineering, and operations and currently serves as VP of Pipeline Safety. He will lead our utility divisions and gas supply team with the same passion and focus on safety and reliability that today supports our vision of being the safest provider of natural gas services,” said Kevin Akers, President and CEO of Atmos Energy Corporation.
McDill has been with Atmos Energy for 34 years, working first as an engineer and then in operations. He served as Vice President of Operations for Atmos Energy’s Mississippi Division for 10 years before assuming his current role as corporate VP Pipeline Safety in 2012. McDill earned a Bachelor of Science degree in petroleum engineering from Mississippi State University.
McDill will succeed David Park who announced his intention to step down from his position effective October 1, 2021, to pursue graduate work and ministry full-time. “David has dedicated more than 27 years to Atmos Energy. Our senior leadership team and all 4,700 employees are indebted to his passion for our vision and the communities that we serve. We are grateful for his service and now offer our full support and friendship as he leaves the Company to answer this important call to serve,” said Akers.
We will name McDill’s successor at a later date.
About Atmos Energy
Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Analysts and Media Contact:
Daniel M. Meziere (972) 855-3729
DUBLIN--(BUSINESS WIRE)--The "Flow Battery Market with COVID-19 Impact, by Type (Redox Flow Battery, Hybrid Flow Battery), Material, Storage (Compact and Large scale), Application (Utilities, Commercial & Industrial, EV Charging Station), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global flow battery market size is expected to grow from USD 214 million in 2021 to USD 489 million by 2026, at a CAGR of 18.0%.
The growth of this market is mainly driven by the inherent advantages of flow batteries, increasing investments in renewable energy, high demand for flow batteries in utilities, and an increase in telecommunication tower installations. However, factors such as the requirement of high initial investment for manufacturing of flow batteries, technical drawbacks and low charge and discharge rates, and lack of proper standards for the development of flow battery systems are restraining the market growth.
Redox flow battery to dominate the flow battery market in 2020.
The market for the redox flow battery held the largest share in 2020 and is estimated to remain the same during the forecast period. The growth of the segment is attributed to the capabilities of these batteries that help to meet the need for power backup. These batteries are economical and convenient sources to store electrical energy at a grid-scale and various other applications.
Utilities applications dominated the flow battery market in 2020.
The market for utilities application is dominant in 2020 and is estimated to continue its dominance over the forecast period. The adoption of flow batteries is increasing in utilities attributed to the growing need for electrification. Besides, the growing use of renewable energy across grids has, in turn, increased the need for efficient, flexible, and long operating life energy storage solutions. A flow battery, with all its attractive features, has become the most preferred energy storage technology for utility-based storage as large-scale utilities require technologies that can cost-effectively store renewable energy for future grid use at any location.
Market in APAC to grow at highest CAGR during the forecast period.
The growth of the region is attributed to the increasing demand for flow batteries in major countries such as Japan and Australia. Besides, the growing adoption of energy storage solutions in industrial, utilities, and other applications, rising demand for flow batteries from the grid and microgrid applications in India and China, and increasing number of operational projects with flow battery installations are expected to fuel the growth of the regional market during the forecast period.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/jpyi67
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Kevin Brackman to join the company on July 2, 2021
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that Kevin Brackman will be joining the Company as its new Chief Financial Officer. He will report to Advent Chairman and CEO Dr. Vasilis Gregoriou.
Mr. Brackman is a highly experienced executive who most recently served as CFO of Myers Industries, a publicly traded corporation with internationally located manufacturing and sales operations in the polymer production sector. Before his promotion to CFO in 2018, he served as Myers’ chief accounting officer and corporate controller. Prior to joining Myers, Mr. Brackman was director of financial planning and analysis, financial reporting and technical accounting at Ingersoll-Rand and previously excelled in a variety of positions at Chiquita Brands International, including assistant corporate controller and controller - North American operations. He is experienced leading in the public company environment and has a track record of developing and improving internal controls and reporting systems across all levels of an organization.
Mr. Brackman stated, “I am excited by the opportunity at Advent and look forward to supporting the Company through the integration of its targeted acquisitions of Serenergy and fischer eco solutions. I plan to leverage the experience I’ve gained over nearly thirty years in accounting and financial reporting to help the Company in its mission to decarbonize the planet through Advent’s innovative fuel cell technology.”
Dr. Vasilis Gregoriou, Advent’s Chairman and CEO, said, “Kevin’s strong background in finance and accounting will be an asset to Advent and he has the expertise to help the Company reach the next stage in its growth. He has a demonstrated history of success, and I am pleased that he has decided to join us in our objective of providing green power across all energy sectors.”
Mr. Brackman replaces Bill Hunter, who had served as CFO of Advent following its merger in February 2021 with AMCI Acquisition Corp., where he was Chief Executive Officer. Mr. Hunter left Advent to pursue other interests and continue his existing board work.
“Bill’s efforts were instrumental in Advent making its debut on the public markets, and everyone at the Company wishes him the best of luck in his future endeavors,” said Dr. Gregoriou.
Bill Hunter stated, “I am very proud of the work that the Advent team has done to make the business combination with AMCI Acquisition Corp. a success. With groundbreaking technology and the leadership of Dr. Gregoriou and his team, the future is very bright for the Company going forward.”
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.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to realize the benefits from the business combination; the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
James Goldfarb / Emily Mohr
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LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced today that it expects to issue second quarter 2021 earnings after the market closes on Monday, July 19, 2021. It will hold a conference call from 4:00-5:00 p.m. CT on the same day to discuss the quarterly results and answer questions from the investment community. To participate in the call, dial 1-833-360-0810 (domestic) or 470-495-0976 (international) 15 minutes prior to the start of the call and provide the following conference ID: 9793029.
This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2020. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available immediately to interested parties on our website, www.jbhunt.com.
A. Brad Delco
Vice President – Finance & Investor Relations
(479) 820-2723
DUBLIN--(BUSINESS WIRE)--The "Carbon Capture and Storage Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering.
The report on the global carbon capture and storage market provides qualitative and quantitative analysis for the period from 2018 to 2026. The report predicts the global carbon capture and storage market to grow with a CAGR of 12.46% over the forecast period from 2020-2026. The study on carbon capture and storage market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026.
The report on carbon capture and storage market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global carbon capture and storage market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global carbon capture and storage market over the period of 2018 to 2026. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Segment Covered
The global carbon capture and storage market is segmented on the basis of technology, and application.
The Global Carbon Capture and Storage Market by Technology
The Global Carbon Capture and Storage Market by Application
What does this Report Deliver?
Market Dynamics
Drivers
Restraints
Opportunities
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/dgsxzs
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Wood Pellet Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global wood pellet market is estimated to be USD 10.52 billion in 2020, and it is expected to reach USD 15.63 billion by 2026, at a CAGR of 7.28% during 2021-2026.
Companies Mentioned
Key Market Trends
Wood Pellets for Heating Application to Dominate the Market
Europe to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecasts in USD billion, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Heating
5.1.2 Power Generation
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/3bj3x0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PALO ALTO, Calif.--(BUSINESS WIRE)--In the second quarter, we produced and delivered over 200,000 vehicles. Our teams have done an outstanding job navigating through global supply chain and logistics challenges.
Production |
Deliveries |
Subject to operating
|
|
Model S/X |
2,340 |
1,890 |
18% |
Model 3/Y |
204,081 |
199,360 |
7% |
Total |
206,421 |
201,250 |
7% |
***************
Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
Investor Relations Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Illinois residents from underrepresented groups secured jobs in 2020 after training enabled by Future Energy Jobs Act
CHICAGO--(BUSINESS WIRE)--#diversity--Training focused on increasing representation of people of color, women and other groups in Illinois’ clean energy workforce produced in 2020 the highest number of graduates and job placements since the programs began in 2017. The annual report on training programs funded by the Future Energy Jobs Act (FEJA) was submitted by ComEd today to the Illinois Commerce Commission and showed 94 percent of trainees, or 684, graduated and secured employment, up from 72 percent, or 433, in 2019.
“Trainers and participants demonstrated remarkable dedication to stay on course and achieve their goals last year despite the unprecedented challenges of the pandemic,” said ComEd CEO Joe Dominguez. “Social service agencies, industry and community groups are opening doors to new clean energy jobs for members of underrepresented groups. The program has established high standards and is delivering on its promises.”
The training programs are scheduled to run through 2029 and are supported through three successive $10 million funding periods. The first installment was made in 2017, and future payments are scheduled to be made in 2021 and 2025.
Enacted in 2016, FEJA allows ComEd to connect with partner social service agencies, or grantees, who conduct the training. Trainees graduated from one of three programs: the Solar Pipeline, the Craft Apprenticeship led by the International Brotherhood of Electrical Workers (IBEW) Renewable Energy Fund, or the Multicultural Job Training program. The 2020 graduates accepted a broad range of positions and promotions, including solar panel installers and technicians, energy brokers, site surveyors and training instructors.
The 728 participants in 2020 included 459 people of color and 129 women; 359 live in environmental justice communities where residents are exposed to potential environmental and health risks; 64 trainees were formerly involved with the justice system and nine are foster alumni.
The Solar Pipeline program had 113 trainees, and 85 percent of those eligible were offered jobs after completing solar bootcamp and lessons in power industry skills, alternative energy, OSHA regulations, financial literacy, math, and career guidance. Training was implemented by Elevate Energy, Illinois Central College, OAI, Inc. and Safer Foundation.
All 427 trainees in the IBEW program graduated and 99 percent secured employment; 135 reside in environmental justice communities, and 42 percent are people of color. IBEW training includes electric industry trades and skills, introduction to solar and “train-the-trainer” programs delivered by IBEW locals at high schools across Illinois. In fall of 2020, IBEW launched two new programs with Daley College and Triton College; it plans to replicate the Renewable Energy Technology program at Triton College and other Illinois community colleges.
There were 188 participants in the Multicultural program in 2020, up from 130 in 2019. Eighty-two percent graduated and 78 percent were offered jobs. The community-based training programs were implemented by Chicago Urban League, National Latino Education Institute (NLEI), ASPIRA of Illinois and Austin Peoples Action Center. The program is also supported by multicultural organizations that serve contractors, including Chatham Business Association and Hispanic American Construction Industry Association (HACIA).
The FEJA training programs overcame numerous challenges stemming from the pandemic. In mid-March, Illinois’ shelter-in-place orders required FEJA grantees to temporarily close their physical locations, requiring structural changes and additional services for participants. NLEI partnered with Comcast to provide computers and internet access, and HACIA implemented computer training.
Grantees who receive funds and implement the job training programs partner with the Safer Foundation, Salvation Army, U.S. Probations and Parole, the Illinois Department of Human Services, aldermanic offices throughout Chicago and many social service organizations for recruitment of and outreach to potential participants.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it will issue a press release containing its second quarter 2021 financial results after the Nasdaq closes on Monday, August 2, 2021. On Tuesday, August 3, 2021 at 10:00 a.m. Eastern Time, Chief Executive Officer Jonathan Pertchik, President Barry Richards and Chief Financial Officer and Treasurer Peter Crage will host a conference call to discuss these results.
The conference call telephone number is (877) 329-4614. Participants calling from outside the United States and Canada should dial (412) 317-5437. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Tuesday, August 10, 2021. To hear the replay, dial (412) 317-0088. The replay pass code is 10157606.
A live audio webcast of the conference call will also be available in a listen-only mode on the company's website, which is located at www.ta-petro.com. Participants who want to access the webcast should visit the company's website about five minutes before the call. The archived webcast will be available for replay on the company's website after the call.
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, convenience stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and 9 proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Kristin Brown, Director, Investor Relations
(617) 796-8251
Focus on sustainability reflected in decision to exit new-build coal market
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Engineering, construction and consulting leader Black & Veatch today announced the availability of its inaugural sustainability report. The report details the company’s efforts across seven environmental, social and governance commitment areas aligned with the United Nations Sustainable Development Goals (SDGs). Progress towards each commitment is detailed across 2020, a year defined by the COVID-19 pandemic, racial tensions across communities in the United States and growing urgency to decarbonize our planet’s economies highlighted in the Company’s decision to exit the new-build coal power market.
Embracing the concept of Accelerate Zero, Black & Veatch’s sustainable management strategy reflects the priorities of the company’s employee-owners to address a range of business practices, including carbon emissions, water use, diversity, equity and inclusion, anti-corruption and safety. As part of its commitments, Black & Veatch also began piloting new Sustainable-by-Design procedures to implement through every stage of clients’ projects, systematically reducing the negative impacts and increasing the positive impacts across the economic, social and environmental dimensions of the infrastructure lifecycle.
“Our greatest opportunity to create a more sustainable world is through the infrastructure we deliver for our clients,” said Steve Edwards, Black & Veatch’s CEO. “However, it is not enough to simply look externally. In examining the technology and infrastructure solutions we offer we must also examine our company and our operations. In doing so, we see a holistic approach to sustainability that can deliver greater benefits for our clients, professionals and the communities where we live and work.”
With sustainability embedded into the company’s Mission statement, 2023 Strategy and client solutions, Black & Veatch’s Accelerate Zero program achieved much progress and many highlights including:
The Black & Veatch 2020 Sustainability Report can be found here.
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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TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (the “Company” or “OSG”) (NYSE: OSG), a public company focused on providing energy transportation services for crude oil and petroleum products primarily in the U.S. Jones Act market, announced today that, following receipt by the Company of a non-binding indication of interest to acquire all of the issued and outstanding shares of common stock of the Company for a price of $3.00 per share, OSG’s Board of Directors has commenced a strategic process to explore, review and evaluate a range of strategic alternatives available to the Company to enhance shareholder value, including the non-binding indication of interest.
The strategic process will be led by a newly formed special transaction committee of independent directors, and is fully supported by the Board of Directors and the Company's management team. The special transaction committee has engaged Evercore as its financial advisor and Ropes & Gray LLP as its legal advisor to assist the special transaction committee in evaluating strategic alternatives. The strategic alternatives to be explored in connection with the strategic process could include, among other things, a sale of all or part of the Company, a merger or other business combination with another party, or remaining a public company and continuing to execute on management’s long-term business plan.
The Company’s Board of Directors has not set a timetable for the strategic process, nor has it made any decisions related to strategic alternatives, including with respect to the non-binding indication of interest. There can be no assurance that the exploration of strategic alternatives will result in a sale of the Company, or in any other strategic change or outcome. The Company’s current intention is not to disclose developments with respect to the strategic process unless and until the Board has approved a specific course of action, on the recommendation of the special transaction committee, or otherwise determines that disclosure is necessary or appropriate.
About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 22 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also currently owns and operates one Marshall Islands flagged MR tanker which trades internationally.
OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts should be considered forward-looking statements. Words such as “may”, “will”, “should”, “would”, “could”, “appears”, “believe”, “intends”, “expects”, “estimates”, “targeted”, “plans”, “anticipates”, “goal”, and similar expressions are intended to identify forward-looking statements but should not be considered as the only means by which these statements may be made. Such forward-looking statements represent the Company’s reasonable expectations with respect to future events or circumstances based on various factors and are subject to various risks, uncertainties, and assumptions relating to the Company’s operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Accordingly, there are or will be important factors, many of which are beyond the control of the Company, that could cause the Company’s actual results or outcomes, or the timing of certain events, to differ materially from the expectations expressed or implied in these statements, including as a result of the uncertainty associated with being able to identify, evaluate and complete any strategic transaction or alternative, the impact of the announcement of the special transaction committee’s review of strategic alternatives, as well as any strategic transaction or alternative that may be pursued, on the Company’s business, including its financial and operating results and its employees. Undue reliance should not be placed on any forward-looking statements and, when reviewing any forward-looking statements, consideration should be given to factors including, but not limited to, those factors discussed in the Company’s Annual Report on Form 10-K, filed with the SEC on April 1, 2021, and those factors discussed in the Company’s Quarterly Report on Form 10-Q, filed with the SEC on May 7, 2021. Investors should carefully consider these risk factors and the additional risk factors outlined in other reports hereafter filed by the Company with the SEC under the caption “Risk Factors.” The Company assumes no obligation to update or revise any forward-looking statements except as may be required by law. Forward-looking statements in this press release and written and oral forward-looking statements attributable to the Company or its representatives after the date of this press release are qualified in their entirety by the cautionary statement contained in this paragraph and in other reports hereafter filed by the Company with the SEC.
Investor Relations & Media Contact:
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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ADDISON, Texas--(BUSINESS WIRE)--#airlines--We are quite excited and very pleased to announce about the upcoming 2021 maintenance release of the Cargo Solutions suite. The release includes major technology upgrades and various product specific enhancements across our solutions including Velocity (our revenue management solution), AcceleRate (our pricing solution) and Foresight (our revenue planning and sales budgeting solution).
The 2021 Velocity (Airlines & Cruise Ferry) includes multiple enhancements to the capacity management, allotment management and network management modules to efficiently manage the flight capacities and demand. The forecasting algorithms get a significant boost with newer models and the booking evaluation will also be enhanced with additional business rules. The release also includes an overhaul of the user interface incorporating usability group recommendations, additional performance reports, enhanced mobile solution, system hardening enhancements, and defect fixes.
The 2021 AcceleRate includes route-based contract rates, upselling and cross selling of best available rates mimicking the passenger shopping experience, user interface overhaul based on usability group recommendations and enhanced rating business rules engine. The release also includes additional reports, enhanced mobile solution, system hardening enhancements, and defect fixes.
2021 Foresight includes enhanced router, cost module changes, pandemic based onload / offload station capability, and sales targets functionality and additional reports. The release also includes other user interface overhaul based on usability group recommendations, system hardening enhancements and bug fixes.
Mahesh Vemula, Senior Director of RTS, said, “I am very excited about the upcoming maintenance release that can provide significant benefits to revenue management, network planning and pricing analysts with the introduction of new models and functional enhancements along with technology upgrades.”
Mukundh Parthasarathy, Senior Vice President for Revenue Technology Services, chimed in, “I am super pleased about the direction of the cargo suite road map and the fact that this is determined by the user group of airlines and cruise ferries. The fact that every customer in our user community is a thought leader bodes well for the future RTS.”
We are very proud to deliver to our promise of continuously upgrading our solutions to maintain our industry leadership in these areas. Our services team will be contacting the Client’s project managers to schedule the maintenance release deployment.
About RTS
Revenue Technology Services (RTS) offers solutions and services that help our customers to increase their margins, improve their customer experience, enhance productivity of their employees, and support their growth.
RTS is aimed at the Airline, Cruise Ferry, Rail and Coach verticals that include analytics, software solutions, consulting and education services, operations research capabilities, technology services and IT development support.
RTS is headquartered in Dallas, Texas with offices in London - UK, Cape Town - South Africa and Chandigarh - India.
To learn more about RTS, please visit www.rtscorp.com
Andi McCall
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BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2682 per share, payable Sept. 1, 2021 to all shareholders of record on Aug. 13, 2021.
The Sept. 2021 dividend will represent a 7% increase compared to the $0.2507 cash dividend the company paid in June of this year. This marks the 31st dividend increase in the past 30 years, and the company has paid a consecutive quarterly cash dividend for more than 75 years. Following the increase, the annualized dividend rate will be $1.0728 per share. The company’s targeted dividend payout ratio continues to be 60 to 65% of net income.
“We are proud of our commitment to providing safe and reliable access to natural resources while continuing our long history of paying consistent and growing dividends,” said Essential Chairman and CEO Christopher Franklin. “Our focus on operational excellence, investment in infrastructure, protecting the environment, serving our customers and delivering value to our shareholders is evidenced by this increase, which marks 30 consecutive years of dividend growth.”
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others: the company’s long-term targeted payout ratio. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: disruptions in the global economy, the spread of the COVID-19 virus resulting in business disruptions, the continuation of the company's growth-through-acquisition program; the company’s continued ability to adapt itself for the future and build value by fully optimizing company assets; general economic business conditions; the company’s ability to fund needed infrastructure; housing and customer growth trends; unfavorable weather conditions; the success of certain cost-containment initiatives; changes in regulations or regulatory treatment; availability and access to capital; the cost of capital; disruptions in the credit markets; the success of growth initiatives; the company’s ability to successfully close municipally owned systems presently under agreement; the company’s ability to continue to deliver strong results; the company’s ability to continue to pay its dividend, add shareholder value and grow earnings; municipalities’ willingness to privatize their water and/or wastewater utilities; the company’s ability to control expenses and create and maintain efficiencies; the company’s ability to acquire municipally owned water and wastewater systems listed in its “pipeline”; and other factors discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which are filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Essential's business, please refer to Essential's annual, quarterly and other SEC filings. Essential is not under any obligation - and expressly disclaims any such obligation - to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Erin O’Donnell
Communications
O: 412.266.2446
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, July 30, 2021 at 11:00 a.m. ET (8:00 a.m. PT).
Conference Call Information:
Date: Friday, July 30, 2021
Time: 11:00 a.m. ET / 8:00 a.m. PT
Dial-in # (Listen-only mode): 646-828-8156 or 800-289-0585
Conference ID #: 8697566
Speakers:
Jay Johnson – Executive Vice President, Upstream
Pierre Breber – Vice President and Chief Financial Officer
Roderick Green – General Manager, Investor Relations
To access the live webcast, visit www.chevron.com.
The meeting replay will also be available on the company website under the “Investors” section.
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
Media Contact:
Sean Comey
+1 (925) 842-5509
LONDON--(BUSINESS WIRE)--ETC Group has today announced that its leading crypto ETP BTCetc - ETC Group Physical Bitcoin (BTCE) will be the first Bitcoin ETP to go carbon neutral. ETC Group will offset the carbon footprint of BTCE, its flagship Bitcoin ETP, with hand-selected, high quality carbon credits, compensating for the CO2e1 emissions associated with BTCE Bitcoin mining and transaction activities. These carbon credits will support projects curated and managed by some of the most respected climate and conservation groups in the world.
This latest innovation follows a series of other world firsts. BTCE rose to prominence when it became the first crypto ETP approved by the German regulator BaFin, and the world’s first centrally cleared crypto exchange traded product when it listed on Germany’s Deutsche Börse XETRA exchange in June 20202. BTCE is Europe’s most heavily traded physically backed Bitcoin ETP3.
ETC Group’s co-founder and CEO, Bradley Duke, said “Companies benefiting from cryptocurrencies like bitcoin are right to take meaningful steps to address climate concerns. We are pleased to see that bitcoin miners are increasingly sourcing renewable electricity, but we at ETC Group feel it’s important to do more and act now. That’s why we have launched our initiative to calculate our bitcoin product’s carbon footprint, and offset it with high quality projects curated and monitored by some of the world’s most respected climate action companies.”
ETC Group will fund nature-based, carbon sequestration and renewable energy projects to offset all of its bitcoin-related Scope 3 emissions since the launch of BTCE, and will continue to do so on a quarterly basis. ETC Group also announced that it will join the Crypto Climate Accord, a group that actively seeks to move the entire crypto sector towards low carbon mining and operations, and net zero by 2040.
For more information on the initiative visit www.etc-group.com or contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.
Cryptocurrencies are highly volatile and your capital is at risk: https://etc-group.com/resources/disclaimer/etc_group_disclaimer.pdf
- ENDS -
About ETC Group
ETC Group ( www.etc-group.com ) is specialized in developing innovative digital asset-backed securities and is backed by a number of major London-based financial institutions. Shareholders include firms such as XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets. ETC Group’s securities are marketed by HANetf.
1Carbon dioxide equivalent” or “CO2e” is a term for describing different greenhouse gases in a common unit. For any quantity and type of greenhouse gas, CO2e signifies the amount of CO2 which would have the equivalent global warming impact.
2https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/World-s-first-centrally-cleared-Bitcoin-ETN-launched-on-Xetra-2062116
3https://www.boerse-frankfurt.de/en/etfs | https://www.hanetf.com/article/740/btcetc-etc-group-physical-bitcoin-btce-is-leading-european-bitcoin-exchange-traded-product-with-45966-million-inflows-in-q1-2021
Paul Cockerton
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#fortune500--UGI Corporation (NYSE: UGI) has named Jean Felix (JF) Tematio Dontsop as Vice President, Chief Accounting Officer (CAO), and Controller, effective July 19.
Tematio Dontsop, 45, most recently served as Vice President of Internal Audit for West Pharmaceuticals in Exton, PA. Previously, he held several roles of increasing responsibility over 15 years with PricewaterhouseCoopers (PwC), based in Philadelphia, PA and Paris, France, including Audit Director of large multinational companies. A native of Cameroon, he also worked earlier in his career with KPMG, based in Paris.
Tematio Dontsop is a certified public accountant. He holds a master’s degree in Finance from Reims Management School in France, a master’s degree in Economics from University of Science and Technology of Lille, France, and a master’s degree in Accounting from the University of Central Africa, Cameroon.
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in 12 states and the District of Columbia and internationally in France, Belgium, the Netherlands, and the UK. Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
Investor Relations
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-992-3202
DUBLIN--(BUSINESS WIRE)--The "Electric Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global electric vehicles market reached a volume of 2.45 Million Units in 2020. Looking forward, the publisher expects the global electric vehicles market to grow at a CAGR of around 47% during the forecast period (2021-2026).
An electrical vehicle (EV) is a self-propelling automobile that is used for transporting passengers and goods. It can be charged by self-charging devices, including turbochargers and regenerative braking systems that can convert the kinetic energy into electrical energy or can be powered by a large traction battery pack present at charging stations. Battery-electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and hybrid electric vehicles (HEVs) are the most common types of EVs available in the market. In comparison to the traditionally used automobiles, EVs do not emit tailpipe emissions, reduce the dependency on oil and are more economical to operate.
The increasing demand for fuel-efficient automobiles across the globe is one of the key factors driving the growth of the market. Furthermore, growing concerns regarding the detrimental environmental effects due to greenhouse gases (GHGs) emissions, along with the implementation of favorable government policies encouraging sustainable development, are also providing a boost to the market growth. For instance, various benefits, including tax exemptions, subsidies, low buying costs and free charging facilities, are some of the government privileges offered to those utilizing EVs, thus encouraging their overall adoption rates. Additionally, manufacturers are focusing on the development of advanced technologies to produce zero- and low-emission vehicles with improved fuel efficiency and soundless operations. Also, enhancements in the EV charging infrastructure are leading to more investments in utilities, charging hardware manufacturers and other power sector stakeholders. Other factors, including rapid urbanization, increasing disposable incomes and extensive research and development (R&D) activities, are projected to drive the market further.
The publisher's latest report provides a deep insight into the global electric vehicles market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the electric vehicles industry in any manner.
Companies Mentioned
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric Vehicles Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Battery Cells & Packs
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 On-Board Charger
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fuel Stack
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Charging Type
7.1 Slow Charging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Fast Charging
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Propulsion Type
9 Market Breakup by Vehicle Type
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/dtkhwo
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--EVgo Services, LLC (“EVgo”), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it has completed its previously announced business combination with Climate Change Crisis Real Impact I Acquisition Corporation (“CLII”).
The transaction was unanimously approved by CLII’s Board of Directors and was approved at a special meeting of CLII stockholders on June 29, 2021. More than 99% of the votes cast at the Special Meeting were in favor of the approval of the business combination. CLII stockholders also voted overwhelmingly to approve all other proposals presented at the Special Meeting.
Concurrent with the completion of its business combination, CLII has changed its name from “Climate Change Crisis Real Impact I Acquisition Corporation” to “EVgo Inc.” Commencing at the open of trading on July 2, 2021, EVgo Inc.’s Class A common stock and EVgo Inc.’s warrants are expected to commence trading on The Nasdaq Global Select Market LLC (“Nasdaq”) under the symbols “EVGO” and “EVGOW,” respectively.
To celebrate the milestone, members of EVgo, LS Power and CLII will ring the opening bell at the Nasdaq in New York on July 2, 2021. A live webcast of the opening bell ceremony will can be accessed beginning at 9:15 a.m. Eastern time from the following link: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
Management Commentary
“The completion of our business combination represents a critical milepost in EVgo’s ongoing evolution,” said Cathy Zoi, CEO of EVgo Inc. “I appreciate every employee, partner and driver that has positioned us to achieve this important step in our company’s history. With our new public platform, we are armed with greater resources and are more motivated than ever to make it easier for drivers to go electric through the continued expansion of what is already the largest public fast charging network in the country.”
“We are excited to take EVgo public,” said David Nanus, EVgo Chairman and Co-Head of Private Equity at LS Power. “We look forward to continuing to partner with Cathy and her outstanding team as they execute on the incredible growth opportunity in front of them and drive electrification of the transportation space.”
“We are proud of the tremendous teamwork exhibited by the entire team in helping to drive an efficient and successful completion of our business combination,” added David Crane, Chief Executive Officer of CLII. “EVgo is an incredible partner to help advance our mission of driving decarbonization and combating climate change through enhanced and more widespread adoption of electric vehicles.”
Transaction Overview
The transaction is primarily comprised of approximately $230.0 million of cash from CLII’s former trust account and $400.0 million of cash from a private investment in public equity (PIPE), not including redemptions and transaction fees. The PIPE is anchored by institutional investors including private funds affiliated with Pacific Investment Management Company LLC (PIMCO), funds and accounts managed by BlackRock, Wellington Management, Neuberger Berman Funds and Van Eck Associates Corporation.
EVgo Inc. will use the proceeds to fuel its growth strategy, including the buildout of its charging infrastructure network, while enhancing its position as the market leader in the transition to clean mobility. LS Power and EVgo management, who together owned 100% of EVgo prior to the business combination, have rolled 100% of their equity, and own approximately 74% of the combined company.
Leadership
EVgo’s senior management team will continue to lead the now combined company, including Cathy Zoi (Chief Executive Officer), Olga Shevorenkova (Chief Financial Officer), Ivo Steklac (Chief Operating and Chief Technology Officer), Jonathan Levy (Chief Commercial Officer), and Francine Sullivan (Chief Legal Officer).
EVgo Inc.’s Board of Directors will be comprised of David Nanus (Chairman), Cathy Zoi, Kate Brandt, Patricia K. Collawn, Elizabeth Comstock, Joseph Esteves, Darpan Kapadia, John King, and Rodney Slater.
Advisors
Credit Suisse served as lead financial advisor and capital markets advisor to EVgo and also acted as joint lead placement agent on the PIPE. Evercore also served as financial advisor and capital markets advisor to EVgo and placement agent on the PIPE. Vinson & Elkins L.L.P. served as legal advisor to EVgo. BofA Securities served as exclusive financial advisor to CLII, and also acted as joint lead placement agent on the PIPE. Mayer Brown LLP served as legal advisor to CLII and Milbank LLP acted as counsel to LS Power. Latham & Watkins L.L.P. served as counsel to the placement agents on the PIPE.
About EVgo
EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 65 metropolitan areas across 34 states and more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
EVgo
For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943
For Media:
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CLII
For Investors:
Dan Gross
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For Media:
Isaac Steinmetz, Director of Media Relations
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646-883-3655
LS Power
Steven Arabia
Director, Government Affairs & Media Relations
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609-212-3857
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