McNabb brings more than 30 years of leadership experience in the charging infrastructure and automotive industries
SAN LEANDRO, Calif.--(BUSINESS WIRE)--FreeWire Technologies (“FreeWire”), a category leader in ultrafast electric vehicle (EV) charging solutions, today announced the appointment of Mark McNabb to its Advisory Board.
McNabb is the former President and Chief Executive Officer of Electrify America LLC, the largest open DC fast charging network in the U.S. He previously served as Chief Operating Officer of Volkswagen of America, Inc. where he was responsible for the management of sales, after-sales and customer experience for the brand. McNabb came to Volkswagen in 2013 with more than 25 years of experience in the automotive business, and previously served as the President and Chief Executive Officer of Maserati North America.
“I’m delighted to join FreeWire’s Advisory Board and contribute to its mission of deploying ultrafast chargers across the U.S. and globally,” said McNabb. “FreeWire’s battery-integrated Boost Charger technology is truly differentiated and unique in its ability to enable faster and more efficient ultrafast EV charging infrastructure, while also mitigating the strain on the grid. I look forward to working with the talented FreeWire team and their game changing technology to advance zero-emission vehicle adoption.”
“Mark will be an invaluable asset to FreeWire as we scale our fully-integrated charging technology and rapidly deploy Boost Chargers to our customers,” said Arcady Sosinov, Founder and CEO of FreeWire. “His experience leading Electrify America and as COO of Volkswagen of America provides us with access to his industry expertise and relationships that will advance our mission, while further validating FreeWire as a major player in the EV charging space.”
FreeWire’s Boost Charger connects to existing low-power grid connections while enabling ultrafast charging by using an integrated lithium-ion battery to provide power for up to 20 vehicles per day. This technological innovation can virtually eliminate the costs associated with grid upgrades and mitigates ongoing costs by reducing standing charges for electricity supply at the site. The Boost Charger only requires a relatively modest grid connection, similar to a typical slow charger (L2) supply, to trickle charge the charger battery throughout the day, while delivering a high-power output.
EV charging can place significant demands on the grid, especially on a local level and certain locations can’t be easily upgraded to high power connections. The flexibility of the Boost Charger solution means that significantly more locations will be able to benefit from rapid access to ultrafast charging.
About FreeWire Technologies
FreeWire's turnkey power solutions deliver energy whenever and wherever it's needed for reliable electrification beyond the grid. With scalable clean power that moves to meet demand, FreeWire customers can tackle new applications and deploy new business models without the complexity of upgrading traditional energy infrastructure.
FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations. In addition to the expanded partnership with bp pulse, FreeWire and ampm, a bp subsidiary and convenience store chain with over 1,000 locations, have already deployed multiple public charging stations in the U.S.
Learn more at www.freewiretech.com
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BOSTON--(BUSINESS WIRE)--#EcoStruxure--Schneider Electric, the leader in digital transformation of energy management and automation, today released a research report to foster an understanding of how digitized and smart applications will be powered in the future. The report titled Digital Economy and Climate Impact predicts IT-sector related electricity demand is expected to increase by nearly 50% by 2030. Yet, as the electricity system decarbonizes, emissions would not increase by more than 26% by that time. To help mitigate this rise in emissions, the Schneider Electric TM Sustainability Research Institute recommends continued efforts in achieving efficiencies on the IT and energy sides at both the component and system levels. Released at an exclusive media event presented virtually from Schneider Electric’s Boston Hub, the report highlights how the rise of edge computing requires a specific focus as these systems are expected to be less efficient than hyperscale data centers from a PUE standpoint.
“When the world locked down it also logged on and internet traffic soared,” said Pankaj Sharma, EVP, Secure Power, Schneider Electric. “It’s misleading to assume that digital activity will inevitably result in a deeply problematic increase in CO2 emissions. The analysis from the Schneider Electric Sustainability Institute puts to rest many of the worst-case scenario claims predicting IT-related electricity use will double every five years. That said, as an industry we must remain vigilant in finding new sources of sustainability gains while ensuring resiliency as digital keeps life moving forward.”
In addition to releasing the research report, Schneider Electric also announced updates to its EcoStruxure™ IT data center infrastructure management software, Galaxy™ VL 3-phase uninterruptable power supply (UPS) and introduced an industry-leading single-phase UPS, the APC™ Smart-UPS™ Ultra. All introductions are designed to advance the industry forward in meeting sustainability goals while increasing resiliency of IT and data center infrastructure.
EcoStruxure IT software updates reduce complexity in managing hybrid data center and edge IT environments
Increasing demands on digital consumption, which are explored in the new research report, create a more complex hybrid environment inclusive of enterprise, cloud and edge data centers. To address the unique management challenges of a hybrid IT environment, Schneider Electric has announced updates to its EcoStruxure IT software to increase efficiency and resiliency, including:
Redesigned Galaxy Lithium-ion battery solution enables greater space savings, faster recharge and installation and enhanced safety
The newly released Galaxy VL, the most compact of its class, modular and scalable 3-phase UPS in the 200 - 500 kW range with efficiency levels up to 99 per cent1 , now features redesigned Galaxy Lithium-ion battery cabinets, providing a sustainable, high-density and innovative energy storage solution for data centers, industrial processes, and critical infrastructure. The exclusive cabinets are compatible across the full Galaxy V Series.
A Green PremiumTM offer, this UL9540A-compliant battery solution reduces battery footprint and weight by up to 70 per cent2, allowing more effective use of space. The new cabinets enable two to three times faster recharge than VRLA solutions as well as faster installation and enhanced system availability with patented redundant self-powered internal power supplies.
Lithium-ion batteries reduce total cost of ownership by doubling battery life, lowering installation and maintenance costs, plus reducing cooling needs, as they operate at higher temperatures than VRLA. The included real-time battery management system improves battery system visibility, predictability, and manageability. The modular, touch-safe design simplifies maintenance and increases operator safety.
APC Smart-UPS Ultra is the Smallest, Lightest, Single-phase 3kW UPS on the Market
In a separate announcement released at the media event, Schneider Electric also introduced the new APC Smart-UPS Ultra 3kW single-phase UPS. Designed to deliver more power, flexibility, and intelligent monitoring in a smaller footprint, the APC Smart-UPS Ultra enables IT professionals and solution providers to address many of the challenges with deploying IT infrastructure in distributed environments and at the edge. With flexible mounting options including rack, tower or wall/ceiling mounts, the Smart-UPS Ultra can be placed out of the way to allow for more space for IT in the rack. It features long-lasting Lithium-ion batteries to save time and money on maintenance and it’s EcoStruxure™ Ready, providing cloud-based monitoring to optimize performance, deliver data-driven recommendations, and enable visibility anywhere, anytime.
“Schneider Electric has been focused on sustainability for the past 15 years and was recently named the most sustainable corporation in the world. We have embraced the mindset that future innovation will deliver better efficiency across the broader connectivity landscape,” continued Sharma. “By making smart intentional choices, our industry can help mitigate how much electricity and emissions result from the rising appetite for digital technologies.”
About EcoStruxure
EcoStruxure™ is our open, interoperable, IoT-enabled system architecture and platform. EcoStruxure delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity for our customers. EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver Innovation at Every Level. This includes Connected Products, Edge Control, and Apps, Analytics & Services which are supported by Customer Lifecycle Software. EcoStruxure™ has been deployed in almost 500,000 sites with the support of 20,000+ developers, 650,000 service providers and partners, 3,000 utilities and connects over 2 million assets under management.
From energy and sustainability consulting to optimizing the life cycle of your operational systems, we have world-wide services to meet your business needs. As a customer-centric organization, Schneider Electric is your trusted advisor to help increase asset reliability, improve total cost of ownership and drive your enterprise’s digital transformation towards sustainability, efficiency and safety.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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1 Galaxy VL delivers up to 99 per cent efficiency in ECOnversion mode
2 When compared to traditional lead-acid (VRLA) batteries.
Schneider Electric
Thomas Eck
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LISBON, Portugal--(BUSINESS WIRE)--#americas--Cleanwatts, the leading cleantech for smart energy communities, combining the power of energy efficiency and distributed energy solutions, presents Michael Mahan as President of Cleanwatts Americas, assuming the responsibility of sales and operations in American continent, in particular USA.
Michael Mahan’s career covers 30 years of sustainable energy experience in business and project development, sales, marketing, product management, operations, and executive leadership. Starting with General Electric in 1983 his background and growth with rechargeable batteries provided the foundation for emerging energy technology, energy management systems, renewable energy, and battery storage integration for utility (large scale) and commercial - industrial (medium scale) projects. Mr. Mahan is recognized for successful “Early Stage” technology innovations and scale of battery and energy software startups working with global research institutes such as DOE LLNL and Taiwan’s ITRI. Michael is a respected industry speaker and has served as both officer and board member for public and private corporations.
“Cleanwatts operating systems approach is a game changer providing a simple and flexible solution with intelligent controls to process and optimize behind the meter and front of the meter requirements. We have started building a more sustainable environment in the Americas while also providing value connecting solar energy generation assets with energy communities. The journey forward now has a bridge connecting many of my former associates, projects and ecosystem partners with the Cleanwatts operating system to a more sustainable energy future for the Americas.” - Michael Mahan, President of Cleanwatts Americas.
This is another important decision taken by Cleanwatts in order to reinforce the international growth path, which is focused on expanding to markets outside Portugal, in order to provide the best digital energy management solutions, providing turnkey solutions to companies and communities that they are looking for clean, local and cheaper energy. Cleanwatts delivers its services through a suite of wing-to-wing proprietary software platforms that allow clients to manage, optimize and control energy use in real time, from behind the meter applications to front of the meter balancing services. Acting as a smart utility, the company also offers zero capex solutions that deliver affordable clean energy to local communities through multi-year service contracts. Cleanwatts has a multidisciplinary team specialized in technology, energy and financial services, with more than 50 highly talented professionals, with solid experience in solving energy challenges for clients in Europe, Americas and Asia. The Cleanwatts Group currently serves more than 2000 customers, including 12 international airports and several energy communities, representing more than 2TWh.
“We’re super excited about Mike joining the team and driving our growth across the Americas with a special emphasis on building strategic partnerships in the US. Mike brings a wealth of expertise in respect of energy storage, generation and consumption asset classes, all of which are critical to the management of decentralized energy markets. Mike’s experience helps position Cleanwatts as the OS partner of choice to manage, optimize and control local energy community needs at every level, from residential consumers and municipalities to enterprises and local grid operators” - Michael Pinto, CEO and Co-Founder of Cleanwatts.
Cleanwatts:
Maria Wilton| Account Executive
BloomCast Consulting
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BOSTON--(BUSINESS WIRE)--#CertaintyInAConnectedWorld--Schneider Electric, the leader in digital transformation of energy management and automation, today introduced APC™ Smart-UPS™ Ultra, the industry’s first 3kW 1U single-phase Uninterruptable Power Supply (UPS). Designed to deliver more power, flexibility, and intelligent monitoring in the smallest footprint, the APC Smart-UPS Ultra enables IT professionals and solution providers to address many of the challenges with deploying IT infrastructure in distributed edge computing environments and at the edge.
The global edge computing market is facing massive growth, growing at 12.5% annually to an estimated $250.6 billion in 2024, according to IDC. The proliferation of digital technologies and smart applications is driving the need for compute, network, and storage resources that are localized and in close proximity to enable business critical processes and experiences that rely on network connectivity to the cloud. Yet, configuring, deploying, and maintaining the supporting IT infrastructure for multiple, geographically dispersed sites comes with unique challenges.
With the APC Smart-UPS Ultra, Schneider Electric is bringing to market its smallest, most advanced single-phase UPS that provides the flexibility to install anywhere and save on total cost of ownership (TCO) without compromising businesses’ power protection needs.
“To meet the digital demands of the future, local, regional and cloud data centers must be designed to be sustainable, resilient, efficient and adaptable. Schneider Electric continues to innovate and respond to customer needs with the introduction of the APC Smart-UPS Ultra,” said Tarunjeet Sarao, Senior Vice President, Transactional & Edge Line of Business at Schneider Electric. “The first of its kind, APC Smart-UPS Ultra is redefining the single-phase UPS, making it lighter and more powerful with the next generation semiconductor technology. In addition, it uses lithium-ion technology to power distributed IT and edge computing sites to ensure our digital life is on.”
APC Smart-UPS delivers more power in less space
In distributed IT and edge environments there are often significant physical space considerations, with a premium placed on maximizing square footage and operating the space efficiently to optimize IT systems and improve the bottom line.
The APC Smart-UPS Ultra’s compact design delivers more power while taking up less IT space, providing the installation flexibility and power density you need for today and into the future. The UPS’s compact design is up to 50% smaller and lighter than comparable UPS solutions on the market today. The APC Smart-UPS Ultra offers flexible mounting options including rack, tower or wall/ceiling mounts, so it can be placed out of the way to allow for more space for IT in the rack.
Lithium-ion battery offers lower TCO over 10 years, reducing site visits
Effective power management is critical for any IT environment, but regular and effective maintenance of power protection equipment such as UPSs, especially across multiple distributed sites, can require costly ongoing OpEx investment.
The APC Smart-UPS Ultra’s Lithium-ion battery lasts up to three times longer than a traditional valve regulated lead acid (VRLA) powered UPS and will not need to be replaced under normal operating conditions. This helps to eliminate costly battery replacement, labor and service fees and visits over the life of the UPS. The APC Smart-UPS Ultra saves up to 15% on TCO over 10 years and comes with a 5-year warranty.
EcoStruxure Ready APC Smart-UPS Ultra ensures better visibility anytime, anywhere
Being understaffed or lacking onsite staff makes management, maintenance and service activities such as inspecting equipment, replacing batteries, swapping out failed equipment very burdensome, particularly if assets are highly distributed and geographically dispersed. APC Smart-UPS Ultra is EcoStruxure™ Ready which allows cloud-based monitoring, delivers data-driven recommendations to optimize performance, and enables wherever-you-go visibility across multiple UPS devices. Connectivity is available via Ethernet Port or embedded network port, and the EcoStruxure Ready APC Smart-UPS web portal provides automated, customizable alerts regarding the health of the UPS to make preventative maintenance simpler in order to reduce downtime and lower mean time to repair.
The APC Smart-UPS Ultra is available in North America starting in September 2021 and availability for additional global markets will be announced later in the year. To learn more about the APC Smart-UPS Ultra, visit this web page.
About EcoStruxure
EcoStruxure is Schneider Electric’s open, interoperable, IoT-enabled system architecture and platform. It delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity for customers. EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver innovation at every level. This includes connected products, edge computing control and apps, analytics, and services. EcoStruxure has been deployed in more than 480,000 sites, with the support of more than 20,000 system integrators and developers, connecting over 1.6 million assets under management through over 40 digital services.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure, and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive, and Empowered values.
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NEW YORK & OSLO, Norway--(BUSINESS WIRE)--FREYR AS (FREYR), the Norway-based developer of clean, next-generation battery cell production capacity, and Alussa Energy Acquisition Corp. (Alussa Energy) (NYSE: ALUS), are pleased to invite investors, analysts and other stakeholders to a Capital Markets Update webcast at 10:00 a.m. EDT/16:00 CEST on June 22, 2021 to discuss items related to the announced business combination and planned listing of FREYR Battery (Pubco) on the New York Stock Exchange, and to provide an update on business activities at FREYR.
The presentation will be hosted by Daniel Barcelo, Founder and CEO of Alussa Energy, Chi Chow, Strategy and Investor Relations of Alussa Energy and Tom Einar Jensen, CEO of FREYR.
In addition, the webcast will feature Jarand Rystad, CEO of Rystad Energy, who will provide the firm’s view on macro trends within the global energy transition and the accelerating demand for battery solutions.
Event details
Participation is possible via webcast and conference call. The event begins at 10:00 a.m. EDT/16:00 CEST and is expected to last approximately 90 minutes including a Q&A session. Questions to management can be submitted in writing via the webcast window during the event or by phone via the conference call during the Q&A session. Presentation slides used in the webcast by FREYR and Alussa Energy will be available prior to the event in the ‘Investors’ section at both www.freyrbattery.com and www.alussaenergy.com.
Please register for and join the webcast via this link: https://streams.eventcdn.net/freyer/alussa-energyfreyr-capital-markets-update/register.
Please dial one of the following numbers to join the conference call:
Canada: +16474848336
Denmark: +4578150108
France: +33170750735
Germany: +4969222220377
Hong Kong (香港): +85258033176
Luxembourg: +35227300167
Norway: +4723963688
Spain: +34914192768
Switzerland: +41225675632
United Kingdom: +443333009032
United States: +16467224903
About Alussa Energy Acquisition Corp.
Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. For more information, please visit www.alussaenergy.com.
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.
Forward-Looking Statements
This press release contains, and certain oral statements made by representatives of Alussa Energy and FREYR and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alussa Energy’s, Pubco’s and FREYR’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to the shareholder approval of the business combination, the listing of Pubco’s common stock and warrants on the New York Stock Exchange, the production of clean and cost-effective batteries, the plan to deliver 43 GWh of next-generation battery cell manufacturing capacity in Norway by 2025, collaborations with customers and global supply chain partners across the transportation and energy storage sectors, the ability to leverage the Nordic region’s developing battery ecosystem and the closing of the business combination shortly after the Special Meeting. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Alussa Energy, Pubco or FREYR and are difficult to predict. Factors that may cause such differences include, but are not limited to: the inability to consummate the transaction due to failure to obtain approval of the shareholders of Alussa Energy; the inability to obtain the listing of Pubco’s common stock and warrants on the New York Stock Exchange following the transaction; the failure of capital to be delivered in the business combination; the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction; the inability to recognize anticipated benefits of the proposed business combination; the possibility that Alussa Energy, Pubco or FREYR may be adversely affected by other economic, business, and/or competitive conditions that might lead to, among other things, a failure to develop clean and cost-effective batteries, deliver on the targeted battery cell manufacturing capacity, leverage Norway’s perceived advantages in battery production and build collaborations with customers in the transportation and energy markets; and other risks and uncertainties identified in the registration/proxy statement relating to the transaction, including those under “Risk Factors” therein, and in other filings with the SEC made by Alussa Energy, Pubco and FREYR. Alussa Energy, Pubco and FREYR caution that the foregoing list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. None of Alussa Energy, Pubco or FREYR undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
No Assurances
There can be no assurance that the transaction will be completed, nor can there be any assurance, if the transaction is completed, that the potential benefits of combining the companies will be realized.
Information Sources; No Representations
This press release has been prepared for use by Alussa Energy, Pubco and FREYR in connection with the transaction. The information herein does not purport to be all-inclusive. The information herein is derived from various internal and external sources, with all information relating to the business, past performance, results of operations and financial condition of Alussa Energy was derived entirely from Alussa Energy and all information relating to the business, past performance, results of operations and financial condition of FREYR and Pubco was derived entirely from FREYR. No representation is made as to the reasonableness of the assumptions made with respect to the information herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance.
No representations or warranties, express or implied, are given in respect of this press release. To the fullest extent permitted by law in no circumstances will Alussa Energy, Pubco or FREYR, or any of their respective subsidiaries, affiliates, shareholders, representatives, partners, directors, officers, employees, advisors or agents, be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents (including without limitation any projections or models), any omissions, reliance on information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith, which information relating in any way to the operations of FREYR or Pubco has been derived, directly or indirectly, exclusively from FREYR and has not been independently verified by Alussa Energy. Neither the independent auditors of Alussa Energy nor the independent auditors of FREYR or Pubco audited, reviewed, compiled or performed any procedures with respect to any projections or models for the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided any other form of assurances with respect thereto for the purposes of this press release.
Important Information about the Transaction and Where to Find It
In connection with the transaction, Alussa Energy and Pubco have filed and will file relevant materials with the SEC, including a Form S-4 registration statement filed by Pubco on March 26, 2021 and amended on May 7, May 27, and June 9, 2021 (the “S-4”), which includes a prospectus with respect to Pubco’s securities to be issued in connection with the proposed business combination and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed business combination and related matters. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. The S-4 was declared effective on June 14, 2021. The definitive Proxy Statement and other relevant materials for the transaction are being mailed to shareholders of Alussa Energy as of April 30, 2021. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the transaction, and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands.
Participants in Solicitation
Alussa Energy, Pubco and FREYR and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Alussa Energy ordinary shares in respect of the proposed transaction. Alussa Energy shareholders and other interested persons may obtain more detailed information regarding the names and interests in the transaction of Alussa Energy’s directors and officers in Alussa Energy’s and Pubco’s filings with the SEC, including when filed, the S-4 and the Proxy Statement. These documents can be obtained free of charge from the sources indicated above.
For investor inquiries, please contact:
For Alussa Energy:
Chi Chow, Investor Relations
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Tel: (+1) 929-303-6514
For FREYR:
Steffen Føreid, Chief Financial Officer
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(+47) 975 57 406
Harald Bjørland, Investor Relations
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(+47) 908 58 221
For media inquiries, please contact:
For Alussa Energy:
Emma Wolfe
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For FREYR:
Hilde B. Rønningsen, Director of Communications
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DEARBORN, Mich.--(BUSINESS WIRE)--Ford today announced it is acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. Electriphi’s team and services will be integrated into Ford Pro – a new global business within Ford committed to commercial customer productivity and to developing the most advanced charging and energy management experiences.
While more commercial vehicle customers are considering all-electric vehicles, charging management remains a hurdle to mass adoption. Ford Pro plans on leveraging its leadership position in the commercial vehicle market, its vehicle offerings and Electriphi’s technology to help customers with this transition.
“As commercial customers add electric vehicles to their fleets, they want depot charging options to make sure they’re powered up and ready to go to work every day,” said Ford Pro CEO Ted Cannis. “With Electriphi’s existing advanced technology IP in the Ford Pro electric vehicles and services portfolio, we will enhance the experience for commercial customers and be a single-source solution for fleet-depot charging.”
Ford Pro estimates that the depot charging industry will grow to over 600,000 full-size trucks and vans by 2030. This acquisition supports Pro’s target to capture over $1 billion of revenue from charging by 2030.
The Electriphi acquisition comes as Ford prepares for the launch of all-electric versions of two of the world’s most popular, high-volume commercial vehicles – the Transit van and F-150 pickup. Ford will start shipping E-Transit to customers later this year; F-150 Lightning Pro will be available in spring 2022.
“Customers have been clear – electrification of their fleets is inevitable, with significant economic and sustainability benefits. They now need solutions that enable a seamless transition to electric vehicles,” said Electriphi CEO and co-founder Muffi Ghadiali. “Our synergies with Ford Pro will supercharge this transition. We’ll delight customers by helping them reap the benefits of electrification, so they can focus on what matters most – running their businesses effectively.”
Based in Silicon Valley, Electriphi’s team of more than 30 employees has developed and deployed a purpose-built electric vehicle fleet and charging management platform that simplifies fleet electrification, saves energy costs, and tracks key operational metrics like real-time status of vehicles, chargers and maintenance services. The team brings deep expertise in charging infrastructure, commercial electric vehicles and enterprise software, with a proven record of reliably providing services to government, commercial businesses, energy utilities and OEMs.
“Ford Pro is focused on helping commercial customers work better and smarter, with greater productivity and connectivity backed by trusted durability,” said Cannis. “Bringing Electriphi on board is the last component to complete Ford Pro’s strategy to establish a commanding leadership position in the software space and build out our full-service stack to create an always-on relationship with the commercial customer.”
Electriphi’s charging platform will complete the purpose-built, charging ecosystem services for commercial customers, including employee home charging, public charging and e-telematics solutions. From charging installation to operations, Ford has customers covered end to end. Customers in North America can sign up for Electriphi charge management services now at electriphi.ai. Ford Pro plans on making these services available in Europe at a later date.
The Electriphi acquisition is expected to close this month. Terms are not being disclosed. Morgan Stanley & Co. LLC is serving as Ford’s financial advisor in connection with this transaction.
Ford Pro – redefining, unlocking commercial customer value
Ford Pro, a key part of the Ford+ plan for growth and value creation, will deliver work-ready vehicles, products and services including:
Some elements of Ford Pro commercial services already have been introduced and are now being expanded in Europe, among them the recently launched Ford Fleet Management and FORDLiive. The latter is a connected uptime system expected to reduce downtime of customer fleets by up to 60%. Such enhanced services are generating higher levels of customer satisfaction, loyalty and growth for Ford.
In addition to expected benefits for customers, Ford Pro’s ambitions for itself are significant. The company anticipates its growing capabilities and appeal to generate $45 billion in revenue from hardware and adjacent and new services by 2025 – up from $27 billion in 2019. In North America, Ford’s share of Class 1 through Class 7 full-size trucks and vans exceeds 40%. In Europe, Ford has been the leading commercial vehicle brand for six consecutive years.
More information can be found at fordpro.com.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 186,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.
About Electriphi
Electriphi, Inc. is an award-winning technology company based in Silicon Valley, California. The company provides software and services to simplify the transition to electric vehicle fleets while saving time and costs for customers. Electriphi’s solutions span fleet electrification planning, deployment and operational energy management, with customers and partners across the U.S. and internationally. For more information, please visit www.electriphi.ai and follow Electriphi on LinkedIn, Twitter and Facebook.
Cautionary Note on Forward-Looking Statements
Statements included or incorporated by reference herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, forecasts, and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation:
We cannot be certain that any expectation, forecast, or assumption made in preparing forward-looking statements will prove accurate, or that any projection will be realized. It is to be expected that there may be differences between projected and actual results. Our forward-looking statements speak only as of the date of their initial issuance, and we do not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events, or otherwise. For additional discussion, see “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended Dec. 31, 2020, as updated by subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com
Dan Pierce
314-517-4750
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Global Resources Used to Deliver Tailored Solution for Energy Transition
LAKE MARY, Fla.--(BUSINESS WIRE)--#ChangeInPower--Mitsubishi Power Americas, Inc. has shipped an M501JAC gas turbine to Marlim Azul Energia’s power plant in Macaé, Rio de Janeiro, which will become the most fuel-efficient power plant in South America when it begins operation in January 2023. The plant was the winning project at Brazil’s gas-based energy auctions and will be the first in Brazil to use associated gas from Brazil’s Pre-Salt basin.
The M50JAC is the world’s leading gas turbine with an efficiency greater than 64%, reliability of 99.6%, and the lowest carbon emissions per unit of power when used in combined cycle. The gas turbine’s exceptional operational flexibility will enable Marlim Azul to complement intermittent wind and solar power generation and to efficiently convert domestic pre-salt gas into electricity with attractive prices for consumers.
This gas turbine is capable of using up to 30% hydrogen fuel and can be upgraded to use 100% hydrogen fuel to meet the plant’s future decarbonization needs.
A Mitsubishi Power, Shell, and Patria Investments joint venture is investing BRL 2.5 billion (approximately USD 600 million) to construct the plant. Shell Brasil Petróleo Ltda. will supply natural gas from Brazil’s offshore deep-water pre-salt basin.
Bruno Chevalier, CEO of Marlim Azul Energia, said, “Our goal is to make energy generation from Brazilian pre-salt gas a reality. Mitsubishi Power’s tailored solution for a 565 megawatt plant will enable us to lead the energy transition in South America. The JAC gas turbine is a reliable investment that will enable further decarbonization in our region.”
In addition to the gas turbine, Mitsubishi Power’s solution includes TOMONI intelligent solutions to optimize power plant performance, flexibility, and reliability. It also includes a 25-year long-term service agreement providing all parts, repairs, and services as well as 24-hour support from the Service Engineering Team and remote monitoring services to help optimize performance by detecting anomalies and diagnosing plant performance.
Demonstrating the strength of its global supply chain operation, Mitsubishi Power shipped the M501JAC unit, which was designed in Japan and manufactured in the United States, on schedule to South America while keeping safety and quality at the forefront during a global pandemic. Mitsubishi Power’s 430,000 square foot Savannah Machinery Works in Georgia has maintained its 100% on-time delivery record throughout the pandemic. The Marlim Azul unit is the fourth JAC to ship from Savannah. Globally, Mitsubishi Power has booked 41 JAC gas turbine orders and Marlim Azul is the 12th JAC shipment.
Paul Browning, President and CEO of Mitsubishi Power Americas, said, “Our JAC power island for Marlim Azul aligns with our mission to provide power generation and storage solutions to our customers, empowering them to affordably and reliably combat climate change and advance human prosperity. The project will increase Brazil’s energy stability by using pre-salt natural gas. The gas turbine, like all our gas turbines, shipped hydrogen-ready for future deep decarbonization. We are committed to a long-term global effort to help our partners Shell and Patria achieve these ambitious goals. Together, we are creating a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,200 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
Communications Contact
Christa Reichhardt
+1 407-484-5599
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DUBLIN--(BUSINESS WIRE)--The "Solid Oxide Fuel Cell Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The solid oxide fuel cell market is projected to have a compound annual growth rate of 24.46%, from US$681.850 million in 2019 to US$3,154.260 mil-lion in 2026.
Companies Mentioned
The market of solid oxide fuel cell is expected to drive by increasing investments to promote the sustainable environment, by increasing demand for the renewable sources of energy, and by increasing development of energy-efficient systems to fulfil the additional power demands. Now-a-days, increasing awareness for the sustainable environment by reducing the greenhouse gases emissions, the demand for solid oxide fuel cells is further increasing, which lead to potential growth in the forecast period. In addition to it, the increasing research and development on fuel cell programs, government subsidies are also boosting the demand for the solid oxide fuel cell markets. North America and Europe are having the significant demand for the clean fuel because of the increasing government awareness and strict rules for the carbon emissions into the environment.
By application, the market of solid oxide fuel cell is segmented into stationary, portable, transportation, commercial & industrial, residential and energy storage. Stationary segment is expected to have a significant growth in the forecast period and will have the significant market share as well. The growth of this segment is driven by the increasing demand for the hydrogen-based fuel cells that are used to meet the additional demand of energy. Asia Pacific region is having a potential to grow in this segment, especially, China, India, and South Korea. The segmentation of market by the End-users is done into data centers, military & defense, power generation, automotive, hydrogen generation and others. Among them, the power generation is the significant segment which has the potential growth in the forecast period. The increasing demand for the energy-efficient renewable sources of energy is driving this segment of the market, as power generation is an essential part of all the activities (residential, commercial, and industrial) such as defense & military, data centers, and so on.
By region, the solid oxide fuel cell market is having a significant market share in North America along with the potential growth opportunity in the forecast period. This region is mainly driven by the growth opportunities in US and Canada, which is driven by the increasing demand for the research and development for hydrogen generation and increasing demand for the fuel cell power. After North America, Asia Pacific region is having a significant market share and significant potential growth opportunity in the solid fuel cell market, followed by Europe region. By type, the market is segmented into tabular, planar, and thin sheets, where planar segment is expected to have a significant market share as well as significant growth rate in the market. The growth of this market's segment is driven by the features of the planar fuel cells, that are, its easy construction process and geometry.
COVID-19 Impact
The pandemic COVID-19 has adversely impacted the solid oxide fuel cell market, as it hampered both the production and the consumption markets, where in production market, the manufacturing has been hampered due to the lockdowns. Although, this pandemic has made realize the importance of the energy efficiency and environment sustainability and further boosts the demand for the technology and fuel cells to fulfil the demand of the increasing energy, heat, and power in the market with efficiency. Though, the pandemic has slowed down the economies, and affected the industries severely, but has also gave the boost to the solid oxide fuel cell market
APAC to witness lucrative growth
Asia Pacific is expected to have the highest growth in the solid oxide fuel cell market because of the increasing demand for the energy, increasing demand for energy efficient renewable sources of energy to protect the environment, and industrialization and urbanization. In this region, India, China, Japan, and South Korea is having the potential and significant growth opportunities in the forecast period. Japan is having the potential growth due to the increasing demand for the data centers, heat, and power demand for the personal consumption. India is having the investment opportunities, government support, and increasing demand for the heat and power which is driving the demand for the solid oxide fuel cells in the market
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Solid Oxide Fuel Cell Market Analysis, By Type
6. Global Solid Oxide Fuel Cell Market Analysis, By End-users
7. Global Solid Oxide Fuel Cell Market Analysis, by Geography
8. Competitive Environment and Analysis
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ds8lc4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BURLINGTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (Nasdaq: ISUN) (“ISUN” or the “Company”), a purpose-driven, leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, announced today that it has been selected by competitive bid by two of the most important entities in the municipal EV fleet and off-grid charging networks. iSun will design and deploy several and grid-tied and off-grid solar powered electric-vehicle charging stations across America.
Jeffrey Peck, iSun’s Chief Executive Officer, commented, “We are very proud that the iSun ROAM off-grid solution and the iSun PALM grid-tied system have been selected through a competitive bid process by such an esteemed group of e-mobility infrastructure partners. We look forward to growing these new relationships and to supporting the transition from dirty energy to clean energy across America. These recent wins also demonstrate the accretive value of the iSun Energy LLC acquisition in January 2021. We believe the iSun systems are the most advanced and reliable solar EV charging solutions in the world, due to the system scalability and modular design, on- or off-grid capability, high-quality aircraft grade aluminum materials, and intelligent software. iSun wants to create the best experience with reliable charging solutions, so electric vehicle drivers can go anywhere and do anything in their EVs.”
iSun platform unique qualities include:
ABOUT iSun
Headquartered in Burlington, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the United States, iSun provides solar energy and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging to large utility renewable energy solutions. Since entering the renewable energy market in 2012, iSun has installed over 400 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 76,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.
IR:
Michael d’Amato
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Just Capital also ranks Exelon fourth in industry for both its investment in workers and reducing environmental impact
CHICAGO--(BUSINESS WIRE)--Exelon secured a #64 ranking on Just Capital’s list of the Top 100 U.S. Companies Supporting Healthy Families and Communities in part, for the company’s treatment of employees during the pandemic, providing additional childcare support and extending sick leave for employees with Covid or who needed to care for a sick family member; efforts to mitigate the impacts of climate change, including the launch of the Climate Change Investment Initiative (2c2i℠); efforts to protect the health and safety of employees by providing proper protective gear and sanitizer and encouraging remote work when possible, and more.
Exelon was evaluated among 100 companies for its performance in five categories: Workers, Communities, Customers, Shareholders and Environment. The company ranked #63 overall and fourth in the industry for both how it invests in employees and reduces its impact on the environment.
“More than ever, we remain committed to our customers and the communities where we operate, particularly as we work to recover from the pandemic and foster a more equitable, just and inclusive economy,” said Chris Crane, president and CEO, Exelon. “As providers of an essential service, we recognize the unique responsibility we have to support our customers, workers and their families and to create opportunities for communities to thrive. This recognition is a credit to our employees who worked through unprecedented challenges to support the communities where we live, work and serve.”
Exelon was also recognized for other efforts to support families and communities, including flexible bill payment options and Exelon utility-provided direct funding assistance for customers suffering pandemic-related economic hardship or job loss, Exelon also contributed $8 million for Covid relief efforts to local communities, including communities of color, which experienced disproportionately greater health impacts and higher rates of unemployment during the last year. And even with the virtual volunteer environment of 2020, more than 4,600 unique employees made time to volunteer 133,243 hours with local nonprofits, an equivalent of 5,550 days of service.
To learn more about how Exelon takes care of its customers and the community, click here.
About Exelon
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Elizabeth Keating
Exelon Corporate Communications
312-848-0176
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Effective at Market Open on June 28, 2021
CENTENNIAL, Colo.--(BUSINESS WIRE)--$WWR--Westwater Resources, Inc. (NYSE American: WWR) an energy materials company and developer of U.S. mineral resources essential for batteries for energy storage, today announced it is set to join the Russell Microcap® Index, effective at market open on June 28, 2021. The decision by Russell was first disclosed in a preliminary list of additions recently published.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its indexes primarily by objective, market capitalization rankings and style attributes.
“Joining the Russell Microcap® Index is an important milestone for Westwater as we receive recognition from one of the most prominent index providers followed by investment managers across our country,” said Christopher Jones, President and CEO of Westwater Resources. “We are hopeful this will expand the participation of institutional investors and benefit our shareholders with improved liquidity and visibility. We believe 2021 will be an important year for Westwater, as we seek to reach our strategic objectives and create additional value for our shareholders.”
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.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
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 improved liquidity and visibility in the Company’s stock, participation of institutional investors, and reaching strategic objectives. 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 and tribal 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; (i) the ability of the Company to enter into and successfully close acquisitions or other material transactions,; (j) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (k) currently pending or new litigation or arbitration; and (l) 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.
Westwater Resources
Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
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Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
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Investor Relations
Porter, LeVay & Rose
Michael Porter, President
Phone: 212.564.4700
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Projects expand collaboration across all Kuwait fields to increase production and recovery
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced it received a contract from Kuwait Oil Company (KOC), a world leader in digital transformation, to expand KOC’s digital transformation journey by implementing solutions to maximize operational efficiency and increase production. The scope applies to all Kuwait fields including West Kuwait, South and East Kuwait, and Heavy Oil, complementing a recently awarded contract for similar services in North Kuwait.
Halliburton will collaborate with KOC to accelerate their data-to-decisions cycle by implementing automated work processes and digital twins across KOC’s major assets. The solutions will leverage DecisionSpace® 365, Halliburton’s cloud-based subscription service for E&P applications, to automate work processes to accurately plan, forecast, and optimize production throughout the KOC portfolio. Built on an open architecture, the service integrates Halliburton and third-party technologies to enhance operational performance and increase ultimate recovery.
“This award signifies our strong relationship with KOC as we collaborate and innovate across their company-wide digital transformation initiatives,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting. “This contract further demonstrates Halliburton’s strategic priority to accelerate the adoption of our digital services. Our software and consulting services will support KOC to optimize their assets, reduce production costs and increase recovery.”
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
Investor Relations
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281-871-2688
For News Media:
William Fitzgerald
External Affairs
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281-871-2601
The Logility® Digital Supply Chain Platform Now Available on Azure Marketplace
ATLANTA--(BUSINESS WIRE)--#SupplyChain--Logility, Inc., a leader in supply chain innovation powering the sustainable and resilient enterprise, is partnering with Microsoft and making its comprehensive suite of solutions available through Microsoft Azure. Now, Azure customers can gain access to the Logility® Digital Supply Chain Platform, which allows these organizations to leverage new opportunities, respond to changing market dynamics and more profitably manage their complex global businesses.
As real-time supply chain visibility and data accuracy are paramount, having a cloud partner like Microsoft Azure will accelerate Logility customers’ ability to scale quickly and respond to changes globally.
Further, working with Microsoft strengthens Logility’s ability to provide a high performing, secure and reliable environment for customers to access its extensive supply chain knowledge and experience. This, combined with Microsoft’s advanced knowledge of offering specialized training and direct consulting services, enhances the customer experience.
“This collaboration combines our supply chain knowledge and experience with the industry leading services and tools from Microsoft,” said Allan Dow, president, Logility. “The end result is ongoing customized support solutions and increased effectiveness for our customers.”
Nicolas Caudron, global alliance director for retail and consumer goods, Microsoft added, “This collaboration with Logility brings additional supply chain solutions to current and future Microsoft Azure Marketplace users. Our trusted partners benefit from great exposure to global cloud customers who get tested solutions that work seamlessly with Azure.”
About Logility
Accelerating the digital sustainable supply chain, Logility helps companies seize new opportunities, sense and respond to changing market dynamics and more profitably manage their complex global businesses. The Logility® Digital Supply Chain Platform leverages an innovative blend of artificial intelligence (AI) and advanced analytics to automate planning, accelerate cycle times, increase precision, improve operating performance, break down business silos and deliver greater visibility. Logility’s SaaS-based platform transforms sales and operations planning (S&OP) and integrated business planning (IBP) processes; demand, inventory and replenishment planning; global sourcing; quality and compliance management; product life cycle management; supply and inventory optimization; manufacturing planning and scheduling; retail merchandise planning, assortment and allocation. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. Logility is a wholly owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). To learn how Logility can help you make smarter decisions faster, visit www.logility.com.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
Valerie Miller
Media Relations Manager at Logility
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TOULOUSE, France--(BUSINESS WIRE)--The result of an innovative partnership involving the European Association for the Development of Gliding (AEDEVV), Dassault Aviation and the engineering schools of the ISAE Group, the EUROGLIDER project aims to develop an electrically powered two-seater glider for training, release and practice. At the crossroads of several technological challenges, the project is currently in the experimental test phase and will shortly begin preparations for its industrial phase. The ambition of this glider is to be able to carry out complete instructional flights autonomously without having to wait for favorable aerological conditions and while preserving the environment.
The EUROGLIDER project attempts to satisfy the requests of the European gliding training centers. Because of a long waiting period, nearly 2/3 of the new registrants give up before their first "solo" flight. Thanks to its electric propulsion, the EUROGLIDER will be able to link several training flights of more than 40 minutes in an autonomous way and without waiting for favorable conditions. It will therefore allow training organizations to multiply by 3 times their number of school flights over a year while reducing the learning period.
Due to its autonomous take-off, the EUROGLIDER will reduce take-off costs by 60 to 70% compared to the use of a conventional tug plane.
The EUROGLIDER project is part of the application areas of the Clean Sky 2 program launched by the European Commission, which aims at the industrial implementation of new environmental preservation technologies.
The EUROGLIDER meets several challenges:
> An energy challenge: to make it possible for an aircraft weighing more than 600 kg to perform a series of 50 minute flight lessons with a series of climbs above 1,300 meters without ascents, using an optimized onboard energy density.
> A construction challenge to control weight and wing loading: to design a high-performance EASA-certified aerostructure, while reducing the weight of the airframe compared to equivalent non-powered conventional training gliders, with a compatible and controlled production and acquisition cost.
> A challenge in the overall design for operational use: to enable simple and reliable use, reproducing all the characteristics and flight qualities as well as the ergonomics of the usual training gliders for student pilots and instructors; to integrate new innovative and efficient training methods and tools; to facilitate maintenance.
More informations : https://www.ecole-air-espace.fr/euroglider-espace-presse-du-27-mai-2021/
Leïla Colaud
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MIDDLETOWN, R.I.--(BUSINESS WIRE)--KVH Industries, Inc. (Nasdaq: KVHI), today announced the preliminary vote results of the Company's 2021 annual meeting of shareholders, as provided by its proxy solicitor. Based on these preliminary results, both of the Company’s nominees, Cielo Hernandez and Cathy-Ann Martine-Dolecki, have been elected to the KVH Board of Directors by a significant margin.
KVH issued the following statement:
We want to thank our shareholders for their engagement and support throughout the annual meeting election process. The election of Cielo Hernandez and Cathy-Ann Martine-Dolecki to the Company’s Board represents a recognition of the positive momentum in our business and the fact that our long-term strategy is working. However, we also know that we have more work to do as we focus on executing against our plan and increasing value for shareholders. We look forward to welcoming Ms. Hernandez and Ms. Martine to our Board and are confident their insights and industry experience will help the Company significantly moving forward.
The results announced today are considered preliminary until final results are tabulated and certified by the independent Inspector of Elections. Final results will be reported on a Form 8-K that will be filed with the U.S. Securities and Exchange Commission, at which time they will become available on www.kvh.com and www.sec.gov.
About KVH Industries, Inc.
KVH Industries, Inc., (Nasdaq: KVHI), is a global leader in mobile connectivity and inertial navigation systems, innovating to enable a mobile world. The market leader in maritime VSAT, KVH designs, manufactures, and provides connectivity and content services globally. KVH is also a premier manufacturer of high-performance sensors and integrated inertial systems for defense and commercial applications. Founded in 1982, the Company is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI, and Tinley Park, IL, and more than a dozen offices around the globe.
KVH is a registered trademark of KVH Industries, Inc.
Additional Information and Where to Find It
The Company has filed a definitive proxy statement and a form of associated BLUE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for the Company’s 2021 Annual Meeting of Stockholders (the “Definitive Proxy Statement”). THE COMPANY’S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING BLUE PROXY CARD AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The Company’s stockholders may obtain the Definitive Proxy Statement, any amendments or supplements to the Definitive Proxy Statement and other documents filed by the Company with the SEC free of charge at the SEC’s website at www.sec.gov. Copies are also available free of charge at the Company’s website at www.kvh.com.
Certain Information Regarding Participants
The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company’s stockholders in connection with the matters to be considered at the Company’s 2021 Annual Meeting of Stockholders. Information about the Company’s directors and executive officers is available in the Definitive Proxy Statement filed with the SEC on May 17, 2021 and, with respect to directors and executive officers appointed following such date, will be available in certain of the Company’s other SEC filings made subsequent to the date of the Definitive Proxy Statement. To the extent holdings of the Company’s securities by such directors or executive officers have changed since the amounts printed in the Definitive Proxy Statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.
Forward-Looking Statements
Certain statements in this communication constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “may increase,” “may fluctuate,” “will,” “should,” “would,” “may” and “could” or similar words or expressions are generally forward-looking in nature and not historical facts. Any statements that refer to outlook, expectations or other characterizations of future events, circumstances or results are also forward-looking statements. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are specified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and its Quarterly Reports on Form 10-Q for any subsequent periods under headings such as “Cautionary Statement Regarding Forward-Looking Information,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in other filings and furnishings made by the Company with the SEC from time to time. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.
Media Contact:
Sloane & Company
Dan Zacchei / Joe Germani
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Investor Contact:
D.F. King & Co., Inc.
Edward McCarthy
(212) 269-5550
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Veteran sales executive Kamal Arafeh to build company’s commercial channels as it enters its next phase of growth
VIENNA, Va. & RESTON, Va.--(BUSINESS WIRE)--Today Spire Global, Inc. (“Spire” or the “Company”), a space-based Earth data analytics and solutions company that recently announced a planned merger with NavSight Holdings, Inc. (NYSE: NSH), announced that it has appointed Kamal Arafeh as Senior Vice President of Sales. Mr. Arafeh will report to Peter Platzer, Founder and Chief Executive Officer of Spire, and will be based in Washington, D.C.
As Senior Vice President of Sales for Spire, Mr. Arafeh will be responsible for growing the Company’s sales organization and instituting a world-class partner program. Mr. Arafeh will work closely with each of Spire’s key business units to streamline the sales organization, reach new customer segments, and expanding the Company’s geographic footprint.
“Kamal brings great depth of global sales and operational expertise to Spire, with a proven track record of driving revenue and profit growth across numerous businesses with differentiated technology,” said Mr. Platzer. “We look forward to welcoming Kamal to the Spire leadership team as we continue to execute on our growth strategy and deliver subscription-based data, insights, and predictive analytics to global customers across a range of government agencies and industries. I am confident that we will benefit tremendously from Kamal’s sales channel development expertise as we continue to generate close customer relationships and advance toward the next chapter of our business as a public company.”
Mr. Arafeh most recently served as Vice President for India at Halliburton Company (NYSE: HAL) (“Halliburton”), one of the world’s largest providers of products and services to the energy industry, where he grew revenue and increased the business’s profit by more than 100% within his first twelve months driving growth for the 1,500 person organization. Mr. Arafeh previously was General Manager for Asia Pacific Landmark Software, an Enterprise class software and cloud services business unit of Halliburton, where he was responsible for the revenue performance, profit and loss, compliance, and people management for Landmark Asia Pacific and Australia Region. Prior to joining Halliburton, Mr. Arafeh served as President and Chief Executive Officer at eEye Digital Security. Additional roles held during Mr. Arafeh’s more than two decades of sales experience include Vice President of Sales at Astaro, Vice President and GM at Roxio, and Vice President of Channel Sales at McAfee.
About Spire Global, Inc.
Spire is a global provider of space-based data and analytics that offers unique datasets and powerful insights about Earth from the ultimate vantage point so organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, CA, Boulder, CO, Washington DC, Glasgow, Luxembourg, and Singapore. On March 1, 2021 Spire announced plans to go public through an anticipated business combination with NavSight Holdings, Inc. (NYSE: NSH), to be traded on the NYSE under the ticker symbol “SPIR.” To learn more, visit spire.com.
About NavSight Holdings, Inc.
NavSight Holdings, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NavSight was organized with the opportunity to pursue a business combination target in any business or industry, with the intent to focus its search on identifying a prospective target business that provides expertise and technology to U.S. government customers in support of their national security, intelligence and defense missions.
Additional Information and Where to Find It
In connection with the planned business combination with Spire (the “Proposed Transaction”), NavSight has filed a Form S-4 Registration Statement (the “Registration Statement”) with the SEC, which includes a preliminary proxy statement to be distributed to holders of NavSight’s common stock in connection with NavSight’s solicitation of proxies for the vote by NavSight’s stockholders with respect to the Proposed Transaction and other matters as described in the Registration Statement, a prospectus relating to the offer of the securities to be issued to the Company’s stockholders in connection with the Proposed Transaction, and an information statement to Company’s stockholders regarding the Proposed Transaction. After the Registration Statement is declared effective, NavSight will mail a definitive proxy statement/prospectus, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about NavSight, the Company and the Proposed Transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by NavSight through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: NavSight Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA 20191.
Participants in Solicitation
NavSight and the Company and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transaction. Information about the directors and executive officers of NavSight is set forth in its Form 10-K/A and Form 10-Q filed on May 12, 2021 and May 24, 2021, respectively. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is included in the Registration Statement and other relevant materials filed with the SEC regarding the Proposed Transaction. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws with respect to the Proposed Transaction. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the implementation of a world-class partner program, growing and streamlining Spire’s sales organization, reaching new customer segments, expectations of accelerating Spire’s sales and marketing efforts, expectations of product development and the applicability of such products to Spire’s market, the strengthening of Spire’s competitive advantage, the importance of Spire’s products and capabilities to its target markets, the expansion of Spire’s business to new regions and markets, Spire’s future growth, estimates and forecasts of financial and performance metrics, expectations of achieving and maintaining profitability, projections of total addressable markets, market opportunity and market share, net proceeds from the Proposed Transactions, potential benefits of the Proposed Transaction and the potential success of the Company’s market and growth strategies, and expectations related to the terms and timing of the Proposed Transaction. These statements are based on various assumptions and on the current expectations of NavSight’s and the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of NavSight and the Company. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the risk that the Proposed Transaction may not be completed in a timely manner or at all, which may adversely affect the price of NavSight's securities; (ii) the risk that the Proposed Transaction may not be completed by NavSight's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NavSight; (iii) the failure to satisfy the conditions to the consummation of the Proposed Transaction, including the approval of the Proposed Transaction by the stockholders of NavSight, the satisfaction of the minimum trust account amount following any redemptions by NavSight's public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the inability to complete the PIPE investment in connection with the Proposed Transaction; (v) the failure to realize the anticipated benefits of the Proposed Transaction; (vi) the effect of the announcement or pendency of the Proposed Transaction on Spire’s business relationships, performance, and business generally; (vii) risks that the Proposed Transaction disrupts current plans of Spire and potential difficulties in Spire employee retention as a result of the Proposed Transaction; (viii) the outcome of any legal proceedings that may be instituted against NavSight or Spire related to the business combination agreement or the Proposed Transaction; (ix) the ability to maintain the listing of NavSight’s securities on the New York Stock Exchange; (x) the ability to address the market opportunity for Space-as-a-Service; (xi) the risk that the Proposed Transaction may not generate expected net proceeds to the combined company; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Proposed Transaction, and identify and realize additional opportunities; (xiii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (xiv) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive space data analytics industry; and those factors discussed in NavSight’s Form S-4 filed on May 14, 2021 under the heading “Risk Factors,” and other documents of NavSight filed, or to be filed, with the SEC. If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither NavSight nor the Company presently know or that NavSight and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect NavSight’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. NavSight and the Company anticipate that subsequent events and developments will cause NavSight’s and the Company’s assessments to change. However, while NavSight and the Company may elect to update these forward-looking statements at some point in the future, NavSight and the Company specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing NavSight’s and the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
For Spire Global, Inc.:
Investor Contact:
Michael Bowen and Ryan Gardella
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Media Contact:
Phil Denning
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For NavSight Holdings, Inc.:
Investor Contact:
Jack Pearlstein
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ORLANDO, Fla.--(BUSINESS WIRE)--Siemens Energy announced today that Siemens Energy will provide two SGT6-5000F turbines to power Omaha Public Power District’s (OPPD) new Turtle Creek Station Peaking Plant in Papillion, Nebraska. The simple cycle turbine facility will be used to modernize back up generation in OPPD’s fleet, which means that the plant will run only as needed to provide a resilient and reliable source of electricity for the community. The turbines offer the ability to run on up to 30% hydrogen and biodiesel in support of future technology advancements. They also offer a fast start time and low emissions while helping to rapidly stabilize transmissions system to adjust for the variable output of solar generation.
Siemens Energy gas-fired combustion turbines can help to decarbonize operations gradually and flexibly by allowing hydrogen produced with no CO2 emissions to be blended into the fuel mix to meet the environmental and regulatory needs of the market. Ultimately, these hydrogen-capable gas turbines can pave the way to a more sustainable energy future because they can meet a rapidly growing electricity demand in the short term and in the mid-term can provide back-up power to complement the intermittency of renewable energy. Siemens Energy has set an ambitious target to have all its new gas turbines (the SGT6-5000F included) capable of burning 100% hydrogen on or before the end of 2030.
“We are proud OPPD selected our F-Class Turbines to complement their utility-scale renewable energy generation projects,” said Rich Voorberg, president for Siemens Energy North America. “As we look to decarbonize energy systems for the future, it is important to be able to increasingly integrate clean burning fuels like hydrogen into our power plants as well, and the Turtle Creek Station is a great example of how we can provide great value to the community by offering reliable and efficient power with a reduced environmental footprint.”
The Turtle Creek Station is part of OPPD’s Power with Purpose project that aims to provide affordable, reliable, and environmentally sensitive energy services to customers. This involves developing up to 600 megawatts of solar generation and up to 600 megawatts of modernized replacement and backup natural gas generation resources.
The Turtle Creek Station is expected to be operational in late Spring of 2023.
This press release and a press picture / press pictures / further material is available at www.siemens-energy.com/press.
Follow us on Twitter at: www.twitter.com/siemens_energy.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020. www.siemens-energy.com.
Stacia Licona
Phone: +1 281-721-3402
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IRVINE, Calif.--(BUSINESS WIRE)--Enevate, a pioneering battery innovation company featuring extreme fast charge and high energy density battery technologies for electric vehicles (EVs) and other markets, delivers up to 27 percent reduction of carbon dioxide (CO2) emissions for manufacturing of EV batteries with Enevate's XFC-EnergyTM technology compared to today's conventional lithium-ion EV batteries (21 percent for NCA and 27 percent for NMC cells [kg CO2 eq. cradle-to-gate, per 1 KWh cell capacity]).1 These accomplishments have the potential to lower an EV's carbon footprint at the start of life, which is significant because battery manufacturing is the highest contributor of CO2 emissions for the manufacturing of an EV.
Enevate utilizes a higher energy density material and an innovative, ultra-thin multi-layer design in its large format EV cells that meet the demanding EV specifications. Enevate's battery technology strives to provide EV and battery companies with a process for taking measurable, cost-effective steps toward meeting carbon reduction and carbon neutrality requirements. Enevate's goal is to foster widespread adoption of this technology and work to impact the environment positively.
With an estimated 28 million EVs sold per year by the middle of the decade, the automotive industry's role in electric vehicle greenhouse gas reduction has become an important one. To illustrate, a 21 percent greenhouse gas emissions reduction over conventional batteries manufactured in a 100 gigawatt-hour per year lithium-ion EV battery factory would be the equivalent of eliminating driving emissions annually from approximately 511,000 gasoline-only cars or not burning about 265 million gallons of gasoline each year. Please visit Enevate's Reduced CO2 Emissions webpage for more information.
"Enevate's core vision is to develop innovative battery technology that will enable a cleaner and more sustainable environment," said Enevate CEO Robert A. Rango. "By licensing our technology to automotive and battery manufacturers worldwide we hope to make this vision a reality by reducing the carbon footprint of EVs and making the world's environment better, cleaner and healthier."
"The CO2 emission reduction Enevate's battery technology offers is a very desirable contribution to Renault's aim to reach carbon neutrality in Europe by 2040 and worldwide by 2050. Furthermore, it provides another critical milestone to bring this battery technology to sustainable EV production by 2025," said Philippe Schulz, VP Advanced Powertrain Engineering - Groupe Renault.
As the global automotive industry accelerates to EVs and transitions from internal combustion engine vehicles, with growing concerns about sustainability and global warming, environmental impacts have become a central focus for automobile and battery manufacturers, consumers, environmental groups, and governments.
To that end, many companies, including Enevate, utilize a Life Cycle Analysis (LCA) tool to quantify a vehicle's environmental impact throughout its design life, including raw material extraction, manufacturing and assembly of the components, transportation to market, lifetime use, maintenance, and recycling. Enevate leverages its third-party verified, internationally standardized, multi-criteria LCA tool to calculate its battery technology's potential contribution to global warming due to carbon emissions and help our partners reach carbon neutrality.
Last year, Enevate announced its 4th generation XFC-EnergyTM technology, which is positioned to be a game-changer for the EV industry, providing a path to produce extreme fast-charge EV batteries at low cost and high-volume production. Enevate is currently working with multiple automotive OEMs and EV battery manufacturers to commercialize its technology for 2024-2025 model year EVs, utilizing existing manufacturing infrastructure with minimal investment required, a core goal of its development.
ABOUT ENEVATE (www.enevate.com)
Enevate develops and licenses advanced battery technology for electric vehicles (EVs), with a vision of EVs charging as fast as refueling gas cars, accessible and affordable to everyone, and accelerating EVs' mass adoption. With a portfolio of more than 400 patents issued and in process, Enevate's pioneering advancements (leveraging accelerated battery testing and machine learning) in silicon-dominant anodes and cells have resulted in battery technology that features five-minute extreme fast charging with high energy density, low-temperature operation for cold climates, low cost and safety advantages over conventional batteries.
Enevate's vision is to develop and propagate EV battery technology that contributes to a clean and sustainable environment. The Irvine, California-based company's investors include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem, Samsung Venture Investment Corp, Fidelity Management & Research Company, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, Lenovo, CEC Capital, and Bangchak. Enevate®, the Enevate logo, HD-Energy®, and eBoost® are registered trademarks of Enevate Corporation.
1 Enevate CO2 emissions information in accordance with international standards ISO 14044:2006, section 6.1 critical review. Further information available from Enevate Corp., 101 Theory # 200, Irvine, CA 92617.
Bill Blanning
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714-916-4309
Ambyint artificial lift optimization product listings now available in AWS Marketplace
HOUSTON--(BUSINESS WIRE)--#artificialintelligence--Ambyint, well lifecycle production and artificial lift optimization solutions provider, today announced an agreement with Amazon Web Services, Inc. (AWS) to make its products available in AWS Marketplace, providing oil & gas exploration and production (E&P) companies with solutions that drive higher production volumes and lower expenses on producing wells.
Ambyint solutions are designed to optimize oil & gas wells by automating anomaly detection, controller setpoint recommendations, setpoint changes, and production versus plan analytics to enable real-time production optimization. The company employs advanced physics-based models, deep subject matter expertise, and artificial intelligence to deliver highly scalable and proven applications. Ambyint solutions improve production volumes and workforce efficiencies while reducing operating expenses, emissions, and failure rates for mid- to large-sized operators across major North American basins.
Ambyint’s production optimization solutions leverage AWS’s enterprise-class cloud environment to integrate easily with existing E&P systems, such as SCADA and production accounting, providing real-time ingestion, standardization, normalization, and contextualization of oil & gas operations data. Ambyint utilizes a variety of AWS services including Amazon Elastic Kubernetes Service (Amazon EKS), Amazon Simple Storage Service (Amazon S3), Amazon Virtual Private Cloud (Amazon VPC), Elastic Load Balancing (ELB), and Timestream for horizontal and vertical scalability. Production optimization at scale is a critical requirement for E&P companies focused on deriving the substantial benefits that digital transformation and operational excellence initiatives offer.
“At Ambyint, our singular focus is on driving significant production gains and cost reduction through production and artificial lift optimization,” says Chris Robart, chief commercial officer at Ambyint. “Working with AWS, an industry leader delivering exceptional performance, scalability, and availability within the O&G industry, allows us to deploy our solutions seamlessly and deliver on the promise of our technology.”
For more information, please visit our product listings for Ambyint InfinityRLTM, InfinityPLTM, and SmartStreamTM in AWS Marketplace. Additionally, Ambyint will showcase its products and their impact on production optimization in a joint webinar with AWS on June 23, 2021 at 11:00 a.m. CST. You can join us by registering here.
About Ambyint
Ambyint delivers well lifecycle production optimization for the oil & gas industry, driving step-change improvements to E&P production outcomes and margin. Ambyint combines advanced physics and subject matter expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems. www.ambyint.com.
Ginger Shelfer, senior marketing manager
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that it recently reached an export agreement with Beacon Offshore Energy Development LLC and its co-owner ShenHai, LLC, a subsidiary of Navitas Petroleum, to provide offshore natural gas gathering and transportation services and onshore natural gas processing services to the Shenandoah development through the Discovery infrastructure in the central Gulf of Mexico. Shenandoah is located 160 miles off the coast of Louisiana in the Walker Ridge area of the Gulf of Mexico.
“Our interconnected offshore and onshore infrastructure allows us to maximize value for our customers by providing a safe, seamless and direct path to market for deepwater producers in the Gulf,” said Micheal Dunn, Chief Operating Officer for Williams. “Our investment in Shenandoah is a strategic expansion of our Gulf of Mexico infrastructure which further strengthens our portfolio of services. We are pleased to provide the entire spectrum of midstream capabilities to Beacon that will capture the full value of these important deepwater resources.”
Facilities to be installed include a five-mile offshore lateral pipeline build from the Shenandoah platform to Discovery’s existing Keathley Canyon Connector pipeline, and additional onshore processing facilities to handle the expected rich Shenandoah production. The new, rich natural gas will be transported to Discovery’s processing plant in Larose, Louisiana, and the natural gas liquids will be fractionated and marketed at Discovery’s Paradis plant in Louisiana.
Shenandoah is expected to come online as early as late 2024.
Williams’ assets in the Gulf of Mexico offer producers the full value chain of capabilities – including gathering, transmission, processing and fractionation. Williams owns and operates 3,500 miles of natural gas and oil gathering and transmission pipeline, along with 1.8 BCF/d of cryogenic processing capacity and 60,000 barrels per day of fractionation capacity serving the Gulf of Mexico. The company has ownership in two floating production platforms, multiple fixed leg utility platforms, and numerous other related facilities.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
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(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
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