DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its first quarter 2021 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, May 4, 2021.
A conference call is scheduled for Wednesday, May 5, 2021, at 9:00 a.m. Central Time to discuss the first quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.
Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.
Telephone: Dial (800) 353-6461 confirmation code 9438510 five minutes before the call. View the presentation via Pioneer’s internet address above.
A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through June 1, 2021. To register and access the replay, Click Here and enter confirmation code 9438510.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens – 972-969-5760
OMAHA, Neb.--(BUSINESS WIRE)--At a ribbon cutting ceremony today, Valmont Industries, Inc., a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, celebrated the interconnection of its first one-megawatt solar field at its manufacturing facility in Valley, Nebraska.
“We are excited to improve our sustainability performance with the interconnection of this solar field, which is expected to produce 1.7 gigawatt hours of grid-independent power annually for our Valley facility,” said Stephen G. Kaniewski, President and Chief Executive Officer. “Using our own Valmont solar tracker technology, the field will provide the Valley campus with six percent of its electricity needs.”
The new solar array is the largest privately-owned, behind-the-grid solar field in Nebraska, spanning 4.3 acres. Forty-five tracker tables supplied by Convert, a Valmont company, make up the array, featuring advanced technology that adjusts the angle of solar panels to the ideal orientation for renewable energy generation. Created with weather and natural disaster mitigation in mind, the array’s transformers and inverters are raised seven feet above the ground to guard against flooding and include railing and access systems galvanized at the Valmont Coatings facility in Valley to ensure long-term structural resiliency.
Valmont’s employees and leadership team hosted the ribbon cutting event with local community leaders, business partners, Omaha Public Power District CFO Javier Fernandez, and representatives from Interconnection Systems Inc., who installed the array, attending as guests. Governor Pete Ricketts and Valley Mayor Cindy Grove were also present to give remarks celebrating the occasion.
“Valmont continues to grow the Good Life by investing in Nebraska,” said Governor Pete Ricketts. “The newly built solar field in Valley showcases Valmont’s innovation and contributes to the diverse energy resources we have in our state.”
Kaniewski continued, “We are proud to operate the largest solar field of this kind in the state of Nebraska, and commemorate this achievement safely with our community. Valmont has a 75-year history of conserving water, energy and raw materials and this latest achievement reinforces our commitment to innovating with sustainability in mind. Our goal is to conserve resources so that we can continue providing products and services that enhance the lives of customers, employees and communities locally and world-wide.”
About Valmont Industries, Inc.
Valmont® is a global leader, designing and manufacturing engineered products and services that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improves farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service lives of steel and other metal products. For more information, visit valmont.com.
Jessica Valdez
+1.531.201.1544
ELGIN, Ill.--(BUSINESS WIRE)--Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) plans to release its financial results for the first quarter of 2021, which ended March 27, 2021, after the market close on Tuesday, May 4, 2021.
The company will host a conference call on Wednesday, May 5, 2021 at 9:30 AM Central Time, during which management will give a presentation focusing on the Company's operations and financial results.
Interested parties can listen to the audio webcast available through our company website, http://crystal-clean.com/investor-relations/, and can participate on the call by dialing (833) 772-0398. After dialing the number, you will be required to provide the following passcode before being joined to the conference call: 4669677.
About Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily to small and mid-sized customers in the vehicle maintenance sector as well as manufacturers and other industrial businesses. Our service programs include parts cleaning, containerized waste management, used oil collection, wastewater and vacuum, waste antifreeze collection and recycling, and field services. These services help our customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. Our customers include businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms, as well as small-to-medium sized manufacturers, such as metal product fabricators and printers, and other industrial businesses. Through our used oil re-refining program, we recycle used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Through our antifreeze program we recycle spent antifreeze and produce and market a full line of virgin-quality antifreeze products. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois.
Heritage-Crystal Clean, Inc.
Mark DeVita, Chief Financial Officer (847) 836-5670
http://www.crystal-clean.com
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it has completed the previously announced sale of its standalone restaurant business, which includes 42 locations primarily branded as “Quaker Steak & Lube” for aggregate proceeds of $5 million.
“This strategic divestment is a significant step in support of TA’s strategy to be a more focused leader in the travel center industry,” said Jon Pertchik, CEO of TA. “The sale of the standalone restaurant business, which did not strategically fit within our long-term goals for the company, will allow us to further concentrate our efforts on our core travel centers business and thoughtfully execute our transformation and growth initiatives.”
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its nearly 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, convenience stores, truck maintenance and repair, full-service and quick-service restaurants, car and truck parking and other services and amenities dedicated to providing great experiences for professional drivers and the general motoring public. TravelCenters of America operates over 600 full-service and quick-service restaurants and 9 proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Warning Regarding Forward Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, this press release states that the sale of the non-core business will allow the company to further focus on its core travel center business and pursue transformation and growth initiatives. Also, whenever TA uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, "will", “may” and negatives or derivatives of these or similar expressions, TA is making forward-looking statements. These forward-looking statements are based upon TA’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur or may not have the effects TA expects. Actual results may differ materially from those contained in or implied by TA’s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including those set forth in TA’s filings with the Securities and Exchange Commission, some of which are beyond TA’s control.
Kristin Brown, Director, Investor Relations
(617) 796-8251
www.ta-petro.com
DUBLIN--(BUSINESS WIRE)--The "Global Lubricants - 7th Edition" report has been added to ResearchAndMarkets.com's offering.
This study examines the global market for finished lubricants. Historical data for 2009, 2014, and 2019, and forecasts for 2024 and 2029 are provided for lubricant demand by product type and market for six regions and 24 individual countries
Products covered include:
Demand for finished lubricants is discussed in terms of intended markets, including:
Demand is also discussed in terms of lubricant formulation:
Companies Mentioned
Key Topics Covered:
1 Executive Summary
2 Overview
3 Lubricant Products
4 Lubricant Formulations
5 Lubricant Markets
6 North America
7 Central & South America
8 Western Europe
9 Eastern Europe
10 Asia/Pacific
11 Africa/Mideast
12 Industry Structure
For more information about this report visit https://www.researchandmarkets.com/r/ebezgj
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN FRANCISCO--(BUSINESS WIRE)--In honor of Earth Day, Williams-Sonoma, Inc. (NYSE: WSM), the world’s largest digital-first, design-led and sustainable home retailer, is proud to announce that it is setting a science-based target (SBT) for emissions reduction across its value chain by 2030, including the goal of carbon neutrality in the company’s own operations by 2025.
Williams-Sonoma is one of the first in its industry to work with the Science-Based Targets initiative to reduce its emissions in line with climate science. Aligned with the Paris Climate Agreement, the company has set a SBT that will help keep global warming below 2 degrees Celsius to avoid the worst effect of the climate crisis while establishing a pathway to net-zero emissions.
“We are thrilled to announce our new climate goals of carbon reduction across our supply chain. Williams-Sonoma, Inc. is Good By Design – striving for quality, safety, and sustainability throughout our business, and to improve our environmental performance every day. We understand these commitments play an important role in the sustainability of our planet and look forward to continuing our work to create a more sustainable future for generations to come,” said Laura Alber, President and Chief Executive Officer.
The company’s new climate goals include:
To arrive at these goals, Williams-Sonoma underwent an extensive, year-long data gathering and analysis project, using third-party experts and independent research alongside company data to measure the footprint across the company’s entire value chain.
To reduce Scope 1 and 2 emissions, the company will focus on efficiency, retrofitting its systems and upgrading to more energy-efficient equipment across its offices, stores, and distribution centers, to reduce the energy used to power its operations. Additionally, it will install solar where appropriate, purchase green power when possible and support new renewable energy projects through power purchase agreements (PPAs). To lower its Scope 3 emissions in its value chain, the company will develop a preferred materials strategy and switch to lower-impact options, like recycled polyester, as well as work with key suppliers to set reduction and renewable strategies and roadmaps. Williams-Sonoma will also increase more efficient delivery for direct-to-consumer sales, ensuring customers receive its product in the lowest-impact way.
For more information on the company’s carbon reduction commitments, please view our Science-Based Target Summary. Williams-Sonoma will continue to share its progress in its annual Corporate Responsibility scorecard, its sustainability website, and other public disclosures.
ABOUT WILLIAMS-SONOMA, INC.
Williams-Sonoma, Inc. is the world’s largest digital-first, design-led and sustainable home retailer. The company’s products, representing distinct merchandise strategies — Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, and Mark and Graham — are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, our free-to-join loyalty program that offers members exclusive benefits across the Williams-Sonoma family of brands. We operate in the U.S., Puerto Rico, Canada, Australia and the United Kingdom, offer international shipping to customers worldwide, and have unaffiliated franchisees that operate stores in the Middle East, the Philippines, Mexico, South Korea and India, as well as e-commerce websites in certain locations. We are also proud to lead the industry with our ESG efforts. Our company is Good By Design — we’ve deeply engrained sustainability into our business. From our factories to your home, we’re united in a shared purpose to care for our people and our planet.
For more information on our ESG efforts, please visit: https://sustainability.williams-sonomainc.com/
Williams-Sonoma, Inc.
Elise Wang, Investor Relations and Corporate PR
(415) 616-8571
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LOUISVILLE, Ky.--(BUSINESS WIRE)--#BuildFor2030--Schneider Electric, the global leader in energy management, automation, and sustainability, today announced that its EcoStruxure Resource Advisor software has been selected by Microsoft for its #BuildFor2030 campaign. The purpose of the campaign is to showcase solutions and services driving positive impact and contributing to a more inclusive economy.
Resource Advisor is a best-in-class, AI-assisted, cloud-based solution for managing cross-enterprise energy and sustainability data. Companies are able to track data across more than 400 categories to have near real-time access to their resource performance, and use the platform to centralize KPI management and reporting and disclosure. The data is paired with Schneider’s unique approach to energy and sustainability consulting, bringing together technology and expertise, resulting in a “mind-plus-machine” approach to climate action.
“We are pleased to be selected for Microsoft’s #BuildFor2030 campaign and its vision of a sustainable, inclusive, and digital future,” said Susan Uthayakumar, President of the Sustainable Business Division at Schneider Electric. “We know that data management and the transition to digital are critical steps in climate action as businesses seek ways to operate more cleanly and efficiently. The selection of Resource Advisor to the #BuildFor2030 portfolio of solutions recognizes Schneider Electric’s role as a digital partner in sustainability, working with others in our ecosystem to conquer climate change together.”
The selection comes on the heels of Schneider’s most recent climate action research, which indicates that corporate interest in and urgency on climate action are at an all-time high among executives. Of the more than 100 respondents from across industries, nearly 90 percent report that they either have a climate action plan in place or in development. And yet, 42 percent of respondents say that poor quality or incomplete data is a barrier to implementing their plan.
The disruptions posed by the COVID-19 pandemic have also been a wake-up call for organizations, 51 percent of which cite climate change and its impacts as the biggest threat to future energy and resource supply. A significant 85 percent of respondents indicate that they are now considering using energy and sustainability to build resilience in their business. Interestingly, confidence in preparedness to manage disruption has fallen since our 2020 research, with fewer companies now reporting their readiness for innovation and disruption. Access the full data book here.
“One of the most important things the past year has shown us is the value of data to resource and crisis management. And I’m not only referring to COVID-19 when I say that. Lack of centralized energy data also played a role in the humanitarian crisis in Texas in February,” said Steve Wilhite, SVP of Energy and Sustainability Services at Schneider Electric. “As companies seek to prepare for future disruptions, especially those that are rooted in climate change, real-time access to smart data will be more critical than ever.” Resource Advisor helps organizations by centralizing their data management so they can make smarter, faster resource decisions – especially important during periods of disruption
Learn more about Resource Advisor here.
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.
Hashtags: #BuildFor2030 #LifeisOn
Schneider Electric Media Relations – Amy Haddon; This email address is being protected from spambots. You need JavaScript enabled to view it.
Schneider Electric PR Agency – Sarah Horowitz; This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.4609375 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.4765625 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE). These cash distributions will be paid on May 17, 2021 to Series C, Series D and Series E unitholders of record as of the close of business on May 3, 2021.
The Series C, Series D and Series E preferred units were originally issued by Energy Transfer Operating, L.P. (“ETO”). On April 1, 2021, ETO merged into ET with ET surviving the merger. At the effective time of the merger, each issued and outstanding ETO preferred unit was converted into the right to receive one newly created ET preferred unit.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 millioncommon units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
This release serves as qualified notice to nominees as provided for under Treasury Regulation section 1.1446-4(b)(4) and (d). Please note that 100 percent of Energy Transfer LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Energy Transfer LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
The information contained in this press release is available on our website at energytransfer.com.
Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795
Media Relations:
Vicki Granado
214-840-5820
WASHINGTON--(BUSINESS WIRE)--The Clean Hydrogen Future Coalition (CHFC) welcomes the bipartisan cooperation demonstrated by Senators Young (R-IN) and Whitehouse (D-RI) on the introduction of the Hydrogen Utilization and Sustainability Act (Hy USA). Hy USA marks the growing recognition of the role that clean hydrogen must play in the energy transition. “The CHFC is encouraged by the leadership of Senators Young and Whitehouse on Hy USA”, says Erik Mason, Global Head of Energy Trading for Nikola and CHFC Chair, “and we look forward to working with them to expand opportunities for the use of clean hydrogen throughout all sectors of our economy.” The CHFC is pleased that Hy USA acknowledges an all of the above approach to decarbonizing and improving the reliability of the electric grid and will work to expand this approach throughout the economy.
The Clean Hydrogen Future Coalition also sent a letter to President Joseph R. Biden, Jr. today applauding the Administration’s inclusion of clean hydrogen projects and development support in the President’s American Jobs Plan. “The CHFC is pleased to see the Plan’s robust support for research, development, and deployment for decarbonized hydrogen, as well as a proposal to invest in fifteen decarbonized hydrogen demonstration projects paired with a new production tax credit to bolster those projects”, says Brian Hlavinka, Director of Emerging Opportunities for the Williams Companies and CHFC Vice Chair. “The proposals in the American Jobs Plan will help catalyze clean hydrogen infrastructure, and the CHFC looks forward to working with the Biden administration and Congress in the design of a comprehensive suite of policies needed for hydrogen to be a critical element of the clean energy transition.”
With over 20 leading stakeholder and industry participants, the Clean Hydrogen Future Coalition represents a diverse group of energy companies, labor unions, utilities, NGOs, equipment suppliers, and project developers who are committed to the advancement of a net zero CO2 economy that is supported by the infrastructure across the supply chain to fully scale net zero clean hydrogen production and use in the U.S. Learn more at www.cleanH2.org
Mike Weiner, 202-298-1848
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DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.1525 per ET common unit ($0.61 on an annualized basis) for the first quarter ended March 31, 2021. The announced quarterly distribution is consistent with the distribution for the fourth quarter of 2020 and will be paid on May 19, 2021 to unitholders of record as of the close of business on May 11, 2021.
First Quarter 2021 Earnings Release and Conference Call
In addition, Energy Transfer plans to release earnings for the first quarter 2021 on Thursday, May 6, 2021, after the market closes. The company will conduct a conference call on Thursday, May 6, 2021 at 4:00 p.m. Central Time/5:00 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
This release serves as qualified notice to nominees as provided for under Treasury Regulation section 1.1446-4(b)(4) and (d). Please note that 100 percent of Energy Transfer LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Energy Transfer LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
The information contained in this press release is available on our website at energytransfer.com.
Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795
Media Relations:
Vicki Granado
214-840-5820
Universal Hydrogen joins JetBlue Technology Ventures’ growing portfolio of sustainable travel startups as the subsidiary’s first foray into hydrogen power
SAN CARLOS, Calif.--(BUSINESS WIRE)--JetBlue Technology Ventures (JTV), the venture capital subsidiary of JetBlue Airways (Nasdaq: JBLU), today announced its investment in Universal Hydrogen, the company fueling carbon-free flight, as part of its $20.5M Series A funding round. The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters its burgeoning commercial activities.
JTV’s primary goal is to better position JetBlue with startup-led innovation set to disrupt the travel industry, ultimately helping JetBlue chart a path toward net zero emissions. JTV supports JetBlue’s ambitious sustainability strategy and targets by investing in technology focusing on advanced methods of measuring and reducing emissions, improved environmental protections, and game-changing transportation. In 2020 JetBlue became the first U.S. airline to achieve carbon neutrality for all domestic flying, today primarily through carbon offsets while the industry builds up lower-carbon technologies to reduce direct emissions.
Universal Hydrogen is building a fuel distribution network that connects hydrogen production directly to the airplane using modular capsules that are transported using the existing freight network, avoiding the need for costly new pipelines, storage facilities, and fuel trucks. The company is also developing conversion kits to retrofit existing 40-60 passenger regional airplanes with a hydrogen fuel cell powertrain.
“Our investment in Universal Hydrogen is highly aligned with JetBlue’s environmental objectives, and this partnership allows the airline a seat at the table in the fast-developing hydrogen for aviation sector and provides valuable insight into the options, progress, and viability of hydrogen to help decarbonize aircraft operations,” said Jim Lockheed, Investment Principal at JTV.
Universal Hydrogen was founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon. First commercial flights are planned no later than 2025, with operating costs equivalent to those of conventional hydrocarbon-burning airplanes and decreasing rapidly thereafter.
“We see the near-term decarbonization of regional aviation as a first step and catalyst, setting the whole industry on a path to meeting Paris Agreement emissions targets. Hydrogen is today the only viable fuel for getting to true zero emissions in commercial aviation, and our goal is to de-risk the decision for Airbus, Boeing, and COMAC to make their next new airplane in the 2030s a hydrogen-powered one,” said Paul Eremenko, Universal Hydrogen co-founder and CEO.
The financing was led by Playground Global, and other investors include Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
About JetBlue Technology Ventures
JetBlue Technology Ventures invests in and partners with early stage startups innovating in the travel, transportation, and hospitality industries. The company prioritizes investments that advance the seamless customer-centric journey; technology powered customer service; the future of operations and maintenance; distribution, loyalty, and revenue management; and evolving regional travel. Founded in 2016, JetBlue Technology Ventures is a wholly-owned subsidiary of JetBlue (NASDAQ: JBLU) and is located in Silicon Valley, California. For more information, visit www.JetBlueVentures.com.
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
Media:
JetBlue Technology Ventures
Sarah Mattina
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JetBlue Corporate Communications
Tel: +1 718 709 3089
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HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Board of Directors of its general partner declared a quarterly cash distribution of $0.1135 per unit for the first quarter of 2021 ($0.454 per unit on an annualized basis), representing an increase of $0.0025 per unit, or 2.25% over the distribution declared for the fourth quarter of 2020. The distribution is payable on May 14, 2021, to unitholders of record at the close of business on May 5, 2021.
In addition, the Partnership announced today that Management intends to recommend to the Board of Directors of its general partner to increase its quarterly cash distribution per unit by an additional $0.0025 per quarter for the second, third and fourth quarters in 2021.
First Quarter 2021 Earnings Release Date and Conference Call Information
The Partnership plans to report first quarter 2021 financial and operating results after market close on Wednesday May 5, 2021. The Partnership will host a conference call and webcast regarding first quarter 2021 results at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, May 6, 2021.
To listen live over the Internet, participants are advised to log on to the Partnership’s website at www.usdpartners.com and select the “Events & Presentations” sub-tab under the “Investors” tab. To join via telephone, participants may dial (877) 266-7551 domestically or +1 (339) 368-5209 internationally, conference ID 4593597. Participants are advised to dial in at least five minutes prior to the call.
An audio replay of the conference call will be available for thirty days by dialing (800) 585-8367 domestically or +1 (404) 537-3406 internationally, conference ID 4593597. In addition, a replay of the audio webcast will be available by accessing the Partnership's website after the call is concluded.
About USD Partners LP
USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USDG”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies, refiners and marketers. The Partnership’s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership’s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.
USDG, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USDG solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USDG, along with its partner Gibson Energy, Inc., is pursuing long-term solutions to transport heavier grades of crude oil produced in Western Canada through the construction of a Diluent Recovery Unit at the Hardisty terminal. USDG is also currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com. Information on USDG’s website is not part of this press release.
Qualified Notice to Nominees
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that we believe that 100 percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to the amount and timing of the Partnership’s first quarter 2021 cash distribution, the Partnership’s full-year 2021 cash distribution guidance and the business prospects of the Partnership and USDG. No distribution amount is finally determined until declared by the Board of Directors of the Partnership’s general partner. Words and phrases such as “plans,” “expects,” “will,” “pursuing,” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management’s expectations, estimates and projections about the Partnership, its interests, USDG’s projects and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. The current economic downturn and pandemic introduces unusual risks and an inability to predict all risks that may impact the Partnership’s business and outlook. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include those as set forth under the heading “Risk Factors” in the Partnership’s most recent Annual Report on Form 10-K and in its subsequent filings with the Securities and Exchange Commission. The Partnership is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Category: Earnings
Investor Relations Contacts:
Adam Altsuler, (281) 291-3995
Senior Vice President and Chief Financial Officer
Jennifer Waller, (832) 991-8383
Director, Financial Reporting and Investor Relations
Energy storage in the form of batteries or geothermal and hydrogen technology could greatly reduce the emissions of CO2 that cause climate change, says former EnviroSolar CEO Abe Issa
DALLAS--(BUSINESS WIRE)--Energy storage can reduce climate change by reducing waste. Scientists warn that it’s important to keep global warming below 2 degrees Celsius. Energy storage is one way to speed up the goal to reduce climate change before 2050. Therefore, innovations are needed to garner support and implement solutions, says Abe Issa, former CEO of EnviroSolar Power, a sustainability-based company.
EnviroSolar Power Praises Efficient Energy Storage Options that Reduce Emissions
Globally, companies and individuals can use energy storage to reduce emissions related to cooling and heating, says Abe Issa of EnviroSolar Power. Within each community, people can develop flexible energy sources by consuming locally sourced energy.
EnviroSolar plans to invest in energy storage that will bring opportunities for entrepreneurs and individuals wishing to work in the sustainability industry. These solutions might include anything from virtual power plants to charging stations.
Types of Energy Storage that EnviroSolar Believes Make Sense
Battery storage, geothermal storage, and hydrogen storage are three ways that energy can be stored for future use. However, the technology has not yet caught up to the concept.
Battery storage that provides high energy concentration at affordable rates could reduce the environmental impact of disposable batteries and other energy sources. These batteries could travel from the lab to store shelves in about 10 years. Abe Issa, the former CEO of EnviroSolar Power, says that this will be a great way for consumers to lower their carbon footprint simply by buying efficient batteries.
Geothermal storage tends to bring to mind Icelandic geysers harnessed by the locals for cheap power sources. However, geothermal energy provides a great way to reduce heating and cooling bills throughout the world. This technology uses energy from the center of the earth to preheat or precool air so that you are HVAC system doesn't have to work so hard. This reduces your energy bill and CO2 emissions that heat up the planet. EnviroSolar is excited about the prospect of storing solar energy underground.
The temperature underground remains constant year-round throughout most of the world. typically, underground temperatures are lower than summer surface temperatures and higher than winter surface temperatures. This temperature difference makes geothermal energy a potent resource to conserve energy, especially in moderate and northern climates.
Hydrogen energy storage has to battle the perception that hydrogen technology is dangerous. However, hydrogen is no more dangerous than the petroleum that fuels the world by burning up the atmosphere. Like any energy source, following standard safety protocols can prevent accidents and other risks.
Hydrogen hasn't been widely adopted despite the fact that it disperses rapidly when used as an energy source and it produces water vapor when burnt. Currently, scientists are struggling to find an emissions-free way to produce hydrogen as a truly clean energy source.
Abe Issa, the former EnviroSolar CEO, believes that these energy storage sources are a great investment for businesses who want to invest in the future of the planet and get in on the ground floor of these emerging technologies.
EnviroSolar Looks Forward to Cities that Widely Used Stored Energy
E-mobility vehicles and devices include electric cars, electric scooters, electric bikes, and similar items. EnviroSolar looks forward to the day when these machines run on hydrogen or efficiently stored electricity.
About EnviroSolar Power
EnviroSolar employs a network of partners who installed thousands of systems in 2018. Since its founding in 2016, the company has originated several thousand solar systems. EnviroSolar Power was founded on the principle of helping homeowners transform their homes into self-sustaining, solar energy machines. Not only do they strive to reduce the consumption of each home, but they also strive to give homeowner's a more valuable way to pay for power. The company is the first nationwide solar developer that has integrated a smart home offering at scale to its customers.
Margaret Vazquez / Media Relations
EnviroSolar
817-213-6041
This email address is being protected from spambots. You need JavaScript enabled to view it.
https://www.envirosolarpower.com
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) announced today that it plans to issue its earnings release with respect to first quarter 2021 financial and operating results on Friday, May 7, 2021, before the market opens. Additionally, the Company will host a conference call on Friday, May 7, 2021 at 10:00 a.m. Central Time.
Those wishing to listen to the conference call may do so via phone or the Company’s webcast.
Conference Call and Webcast Details: |
|
Date: |
May 7, 2021 |
Time: |
10:00 a.m. Central Time |
Dial-In: |
(866) 373-3407 |
International Dial-In: |
(412) 902-1037 |
Conference ID: |
13719253 |
Webcast: |
|
|
|
Replay Information: |
|
A replay of the conference call will be available through May 14, 2021 by dialing: |
|
Dial-In: |
(877) 660-6853 |
International Dial-In: |
(201) 612-7415 |
Conference ID: |
13719253 |
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States.
More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.
Mike Kelly, CFA
Chief Strategy Officer
(952) 476-9800
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Companies sign memorandum of understanding to increase public awareness, pursue joint research and development and explore a supply agreement
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) and Southwest Airlines (NYSE: LUV) have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development. The memorandum of understanding also sets the framework to explore a future supply agreement involving Phillips 66’s Rodeo Renewed project in California and highlights the commitment by both companies to a sustainable energy future.
Sustainable aviation fuel, or SAF, is a lower carbon-intensity fuel that can be produced from renewable feedstocks such as waste oils, fats, greases and vegetable oils. It is a drop-in fuel, meaning it can be used in existing aircraft engines and airport fuel infrastructure.
“Phillips 66 has a long history of driving innovation in the commercial and general aviation industry,” said Brian Mandell, Executive Vice President of Marketing and Commercial for Phillips 66. “We are excited to work with Southwest Airlines to find ways to help achieve its lower-carbon goals and to develop a path forward for sustainable aviation fuel that benefits all segments of the industry.”
Phillips 66 is a major U.S. refiner and supplier of jet fuel and aviation gasoline. The memorandum of understanding aims to leverage the company’s expertise in refining, distribution and technical commercialization of transportation fuels as well as its portfolio of renewable energy projects.
The latter includes Rodeo Renewed, the proposed conversion of the San Francisco Refinery in Contra Costa County, California, into one of the world’s largest renewable fuels facilities, capable of producing an initial 800 million gallons per year of renewable fuels. The project, subject to permits and approvals, is expected to be completed in early 2024.
“Southwest Airlines welcomes projects like Phillips 66’s proposed Rodeo refinery conversion to scale up the SAF industry, bringing lower-carbon SAF to market in meaningful quantities and thus helping Southwest meet our carbon-reduction goals,” said Stacy Malphurs, Southwest’s Vice President of Supply Chain Management & Environmental Sustainability. “Given Southwest’s extensive operations in the Bay Area and throughout California, we’re ideally positioned to benefit from any SAF production by Phillips 66 at Rodeo.”
Southwest is the largest carrier of air travelers to, from and within California. Its operations in the state include a major East Bay hub at Oakland International Airport. The carrier is a member of Airlines for America, the industry trade organization representing the leading U.S. airlines that last month announced the commitment of its member carriers to work to achieve carbon neutrality by 2050. The pledge includes efforts to advance the rapid expansion and deployment of SAF to make 2 billion gallons available to U.S. aircraft operators by 2030.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of Dec. 31, 2020. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized, and involve risks and uncertainties, many of which are beyond Phillips 66’s control, including but not limited to regulatory approvals and market conditions. A discussion of factors that may affect future results is included in Phillips 66’s filings with the Securities and Exchange Commission. Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.
Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Bernardo Fallas (media)
855-841-2368
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DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the first quarter of 2021. The distribution will be paid on May 13, 2021 to unitholders of record on May 3, 2021.
Holly Energy plans to announce results for its first quarter of 2021 on May 4, 2021 before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on May 4, 2021 at 4:00 p.m. Eastern time to discuss financial results.
The webcast may be accessed at:
https://event.on24.com/wcc/r/3079844/D06584BC4076CF9EE6D14C88ED60E588
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. Holly Energy, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Please note that one hundred percent (100.0%) of Holly Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, Holly Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Forward-looking Statement:
The statements in this press release relating to matters that are not historical facts are “forward-looking statements” within the meaning of the federal securities laws, including statements regarding funding of capital expenditures and distributions, distributable cash flow coverage and leverage targets. These statements are based on our beliefs and assumptions and those of our general partner using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties. Although we and our general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither we nor our general partner can give assurance that our expectations will prove to be correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in these statements. Any differences could be caused by a number of factors including, but not limited to:
The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Holly Energy Partners, L.P.
Craig Biery, 214-954-6511
Vice President, Investor Relations
or
Trey Schonter, 214-954-6511
Investor Relations
With products ranging from its AxFAST 3202 Portable Electric Vehicle Charger to its various docking stations requiring little power consumption, Accell remains committed to manufacturing high-quality, environmentally friendly solutions
FREMONT, Calif.--(BUSINESS WIRE)--#accellcables--Accell, a provider of innovative power products and enhanced connectivity solutions, celebrates this year’s Earth Day by highlighting several products from its Amazon storefront, including its AxFAST® 3202 Level 2 Portable Electric Vehicle Charger (EVSE), Universal Laptop Docking Station, the Accell Air™ USB-C 4K Driver-Less Dock, the Accell Driver-Less USB-C 4K Docking Station and the Accell Thunderbolt 3 Docking Station.
“Accell and BizLink have always been committed to manufacturing innovative products that not only meet the needs of customers, but reduce the carbon footprint by consuming less energy,” stated Tenny Sin, vice president of sales and marketing, Accell. “As we celebrate Earth Day, we encourage our customers to enjoy our products and to pursue actions that contribute to environmental change.”
Accell’s products are manufactured by the BizLink Group, who has collaborated with several world-famous companies regarding the control of dangerous matters related to environmental protection technology. BizLink established the BizLink Environment Technical Standards to abide by related laws and rules, including ROHS 2.0, in order to produce high-quality products. BizLink’s environmental protection policy honors stopping and preventing environment pollution, implementing the requirements of environmental protection laws, as well as remaining devoted to protecting the environment.
For more information about Accell’s selection of environmentally friendly products, please visit https://www.accellww.com.
About ACCELL Corporation
Built on a customer-centric and technologically advanced foundation, Accell is focused on providing user friendly designs, quality products and bringing value to its customers. The company’s product lines span various categories, including innovative IT products, Accell Power products, enhanced connectivity solutions, and the AxFAST EVSE Electric Vehicle Charger family of products. Partnering with our customers, Accell recently launched the USB-C to HDMI 2.0 Adapter that is CEC enabled for the Google Hangouts Meet Kit.
Based in the heart of Silicon Valley, with a large group of dedicated scientists, design engineers, and experienced sales and marketing professionals, as well as a dedicated US-based Support team, Accell is quickly becoming a world leader in delivering high-quality and affordable connectivity and power products. Sharing the same goals with our parent company BizLink, together we believe that in order to achieve sustainable development while growing our core business, we must also do right by the environment, and fulfill our corporate social responsibilities. BizLink has communicated its endeavors and achievements towards sustainability in the economy, the environment, and society through its CSR report since 2017 and has been awarded America’s Most Responsible Companies of 2021.
For more information, please visit https://www.accellww.com.
Press Contact:
Megan Saulsbury
Canyon PR
(408) 857-9527
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RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $1.90 per share on the common stock of the Corporation. The dividend is payable July 01, 2021 to NewMarket shareholders of record at the close of business on June 15, 2021.
NewMarket Corporation, through its subsidiaries Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.
Some of the information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although NewMarket’s management believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations.
Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions at production facilities, including single-sourced facilities; hazards common to chemical businesses; the ability to respond effectively to technological changes in our industry; failure to protect our intellectual property rights; sudden or sharp raw material price increases; competition from other manufacturers; current and future governmental regulations; the gain or loss of significant customers; failure to attract and retain a highly-qualified workforce; an information technology system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters, terrorist attacks, and health-related epidemics such as the COVID-19 pandemic; risks related to operating outside of the United States; political, economic, and regulatory factors concerning our products; the impact of substantial indebtedness on our operational and financial flexibility; the impact of fluctuations in foreign exchange rates; resolution of environmental liabilities or legal proceedings; limitation of our insurance coverage; our inability to realize expected benefits from investment in our infrastructure or from recent or future acquisitions, or our inability to successfully integrate recent or future acquisitions into our business; the underperformance of our pension assets resulting in additional cash contributions to our pension plans; and other factors detailed from time to time in the reports that NewMarket files with the Securities and Exchange Commission, including the risk factors in Item 1A. “Risk Factors” of our 2020 Annual Report on Form 10-K, which is available to shareholders upon request.
You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date on which such forward-looking statement is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We have no duty to, and do not intend to, update or revise the forward-looking statements in this discussion after the date hereof, except as may be required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statement made in this discussion, or elsewhere, might not occur.
Brian D. Paliotti
Investor Relations
Phone: 804.788.5555
Fax: 804.788.5688
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
SACRAMENTO, Calif.--(BUSINESS WIRE)--#PVinstall--The city in the first paragraph, first sentence should be Herald, CA (instead of Hemet, CA).
The updated release reads:
SOL COMPONENTS SERVES AS KEY SUPPLIER FOR 213MW PV PROJECT
SOL Components, a leading producer of cost-effective designs for solar module mounting systems, announced today the successful construction of its Ground Fixed Tilt (GFT) mounting system in support of a 213MWp (DC) solar PV project near Herald, CA. The project utilizes solar PV to replace electricity capacity previously provided by a nuclear power plant that ceased operation in 1989.
SOL Components’ roll-formed steel components support more than 500,000 solar panels at the site, which is one of the largest ground mounted fixed-tilt solar PV projects in the western United States. SOL Components was selected to support the project because of its expertise with utility-scale solar projects, and the benefits and advantages of their end-to-end PV structural systems. SOL Components’ light gauge roll-formed steel piles and racking components reduce overall steel weight while providing optimum structural integrity, which greatly reduced the developer’s racking costs. The site was developed on steep, undulating terrain necessitating a system with the flexibility to adapt to varying site constraints. SOL Components was able to deliver a racking system that not only easily adapted to variable slope, but also provided flexibility in dealing with unforeseen site challenges.
Mike Fraenkel, SOL Components President and General Manager stated: “SOL Components continues to grow rapidly and take market share in the utility-scale PV racking space, and this 213MW project is a perfect example where our cost-optimized GFT solution and superior support services enable success for our customers. Not every racking provider can meet the challenging terrain, tightly coordinated material delivery, and site support requirements this project required – it’s what we do best.”
About SOL Components
SOL Components was founded in 2015 with the purpose of simplifying solar mounting solutions and reducing the associated project costs and complexity. Leveraging over 40 years in steel manufacturing and an in-house engineering department that works directly with owners, designers, and contractors to facilitate efficient project execution, the SOL Components team has the experience to deliver the project on time and under budget. The mission of their team of highly motivated engineers and manufacturing experts is to develop and produce innovative products for the renewable energy, building and construction industries using roll formed light gauge steel.
Company:
Kris Jernstedt
SVP Commercial Operations
P: 925-980-1818
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Agency:
Jason Isberg
Managing Partner, Speedway Communications
P: 415-269-9784
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
EAST AURORA, N.Y.--(BUSINESS WIRE)--Moog Inc. (NYSE: MOG.A and MOG.B) will release its second quarter fiscal 2021 earnings for the period ended April 3, 2021 on Friday, April 30, 2021. In conjunction with this release, Moog will host a conference call beginning at 10:00 a.m. ET, which will be simultaneously broadcast live over the Internet. John Scannell, Chairman and CEO, and Jennifer Walter, CFO, will host the call.
Listeners can access the conference call live or in replay mode on the Internet at http://www.moog.com/investors/communications/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.
Supplemental data will be available on the website approximately 90 minutes prior to the call and will be archived for 45 days.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at www.moog.com.
Ann Marie Luhr
716-687-4225
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.