HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) today announced its financial results for first quarter 2021.

HIGHLIGHTS

• Net income of $347 million for first quarter 2021.
• Adjusted EBITDA¹ of $779 million for first quarter 2021.
• Declared a distribution of $0.660 per common unit that will be paid on May 14, 2021 to unitholders of record as of May 6, 2021.
• Reconfirmed full year 2021 distribution guidance.
• Accelerated the estimated timeline for substantial completion of Train 6 of the SPL Project (defined below) to the first half of 2022 from the second half of 2022. This follows a previous acceleration of the estimated Train 6 completion timeline in July 2020 from the first half of 2023 to the second half of 2022.
• Supplied a carbon neutral LNG cargo to Shell. Together with Shell, the complete lifecycle greenhouse gas emissions associated with the LNG cargo were offset using nature-based credits by accounting for all estimated CO2 equivalent emissions produced through the entire value chain, from production through use by the final customer.

2021 FULL YEAR DISTRIBUTION GUIDANCE

Net income decreased $88 million during first quarter 2021 as compared to first quarter 2020, primarily due to increased loss on modification or extinguishment of debt and decreased total margins², partially offset by decreased interest expense. Total margins decreased primarily due to increased losses from changes in fair value of commodity derivatives. LNG volumes recognized in income and margins per MMBtu of LNG delivered to customers were comparable for first quarter 2021 and first quarter 2020.

During first quarter 2021, we recognized in income 317 TBtu of LNG loaded from the SPL Project. Additionally, we recognized in income 8 TBtu of LNG which was procured by Sabine Pass Liquefaction, LLC (“SPL”) from Cheniere Energy, Inc.’s Corpus Christi liquefaction facility.

LNG revenues during first quarter 2020 included $16 million in LNG revenues associated with LNG cargoes for which customers notified us that they would not take delivery, which would have been recognized subsequent to March 31, 2020 had the cargoes been lifted pursuant to the delivery schedules with the customers. We did not have such revenues during first quarter 2021.

KEY FINANCIAL TRANSACTIONS AND UPDATES

SPL entered into a note purchase agreement with Allianz Global Investors GmbH in February to issue an aggregate principal amount of $147 million of 2.95% Senior Secured Notes due 2037. The notes are expected to be issued in December 2021, and net proceeds are expected to be used to refinance a portion of SPL’s outstanding Senior Secured Notes due 2022. The Senior Secured Notes due 2037 will be fully amortizing, with a weighted average life of over 10 years.

Cheniere Partners issued an aggregate principal amount of $1.5 billion of 4.00% Senior Notes due 2031 in March. The proceeds of these notes, together with cash on hand, were used to refinance all of Cheniere Partners’ 5.25% Senior Notes due 2025 and to pay fees and expenses in connection with the refinancing.

In February, Fitch Ratings changed the outlook of SPL’s senior secured notes rating to positive from stable and the outlook of Cheniere Partners’ long-term issuer default rating and senior unsecured rating to positive from stable. S&P Global Ratings changed the outlook of Cheniere Partners’ ratings to positive from negative in April.

SABINE PASS LIQUEFACTION PROJECT UPDATE

As of April 30, 2021, more than 1,250 cumulative LNG cargoes totaling over 85 million tonnes of LNG have been produced, loaded, and exported from the SPL Project.

Construction Progress as of March 31, 2021

SPL Project Overview

We own natural gas liquefaction facilities consisting of five operational liquefaction Trains and one additional Train under construction, with a total production capacity of approximately 30 million tonnes per annum (“mtpa”) of LNG at the Sabine Pass LNG terminal (the “SPL Project”).

DISTRIBUTIONS TO UNITHOLDERS

We declared a cash distribution of $0.660 per common unit to unitholders of record as of May 6, 2021 and the related general partner distribution to be paid on May 14, 2021.

INVESTOR CONFERENCE CALL AND WEBCAST

Cheniere Energy, Inc. will host a conference call to discuss its financial and operating results for the first quarter 2021 on Tuesday, May 4, 2021, at 11 a.m. Eastern time / 10 a.m. Central time. A listen-only webcast of the call and an accompanying slide presentation may be accessed through our website at www.cheniere.com. Following the call, an archived recording will be made available on our website. The call and accompanying slide presentation may include financial and operating results or other information regarding Cheniere Partners.

About Cheniere Partners

Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities consisting of five operational liquefaction Trains and one additional Train under construction, with a total production capacity of approximately 30 mtpa of LNG. The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and two marine berths with a third marine berth under construction. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines.

For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.

Use of Non-GAAP Financial Measures

In addition to disclosing financial results in accordance with U.S. GAAP, the accompanying news release contains a non-GAAP financial measure. Adjusted EBITDA is a non-GAAP financial measure that is used to facilitate comparisons of operating performance across periods. This non-GAAP measure should be viewed as a supplement to and not a substitute for our U.S. GAAP measures of performance and the financial results calculated in accordance with U.S. GAAP, and the reconciliation from these results should be carefully evaluated.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere Partners’ financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.

(Financial Tables Follow)

Reconciliation of Non-GAAP Measures
Regulation G Reconciliations

Adjusted EBITDA

The following table reconciles our Adjusted EBITDA to U.S. GAAP results for first quarter 2021 and 2020 (in millions):

Adjusted EBITDA is commonly used as a supplemental financial measure by our management and external users of our consolidated financial statements to assess the financial performance of our assets without regard to financing methods, capital structures, or historical cost basis. Adjusted EBITDA is not intended to represent cash flows from operations or net income as defined by U.S. GAAP and is not necessarily comparable to similarly titled measures reported by other companies.

We believe Adjusted EBITDA provides relevant and useful information to management, investors and other users of our financial information in evaluating the effectiveness of our operating performance in a manner that is consistent with management’s evaluation of financial and operating performance.

Adjusted EBITDA is calculated by taking net income before interest expense, net of capitalized interest, depreciation and amortization, and adjusting for the effects of certain non-cash items, other non-operating income or expense items and other items not otherwise predictive or indicative of ongoing operating performance, including the effects of modification or extinguishment of debt, impairment expense and loss on disposal of assets, changes in the fair value of our commodity derivatives prior to contractual delivery or termination, and non-recurring costs related to our response to the COVID-19 outbreak which are incremental to and separable from normal operations. The change in fair value of commodity derivatives is considered in determining Adjusted EBITDA given that the timing of recognizing gains and losses on these derivative contracts differs from the recognition of the related item economically hedged. We believe the exclusion of these items enables investors and other users of our financial information to assess our sequential and year-over-year performance and operating trends on a more comparable basis and is consistent with management’s own evaluation of performance.

Cheniere Partners

Investors
Randy Bhatia 713-375-5479
Megan Light 713-375-5492
Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491

• Transaction combines leaders in unmanned aircraft systems (UAS) and unmanned ground vehicles (UGV) for broader, integrated mission solutions in air, near-space, ground and maritime domains
• Acquisition expected to be accretive within two years to AeroVironment GAAP EPS, and accretive to non-GAAP EPS in fiscal year 2022
• AeroVironment competing for multi-year United States Air Force Explosive Ordinance Disposal (EOD) robotic system program

SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced it was granted clearance from the German government and completed the previously announced acquisition of Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob), in a $45.4 million (€37.5 million) cash transaction and the pay-off of approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Telerob now operates as a wholly-owned subsidiary of AeroVironment.

“Our acquisition of Telerob marks a significant expansion to our portfolio of intelligent, multi-domain robotic systems, from small and medium unmanned aircraft systems, to tactical missile systems and now, unmanned ground vehicles,” said Wahid Nawabi, AeroVironment president and chief executive officer. “We welcome the talented Telerob team and look forward to delivering even more capability to our customers in the United States and more than 50 allied countries around the world.”

“The entire Telerob team is excited to join forces with AeroVironment so we can deliver our expanded offering to current and new customers around the world,” said Norbert Gebbeken, Telerob managing director. “Delivering intelligent, multi-domain robotic solutions, both in the air and on the ground, can help more customers achieve their mission objectives. Working together with the AeroVironment team in the future has the potential to create even more compelling solutions in multiple applications and industries.”

Founded in 1994, Telerob offers one of the industry’s most advanced and comprehensive turn-key unmanned ground robotics solutions, including the telemax and tEODor EVO family of UGVs, fully-equipped transport vehicles and training, repair and support services. Telerob’s cutting-edge solutions safely and effectively perform a variety of dangerous missions, including explosive ordinance disposal (EOD), hazardous materials handling (HAZMAT) and chemical, biological, radiological and nuclear (CBRN) threat assessment. Telerob’s ruggedized UGVs possess all-terrain capabilities and offer some of the most advanced, specialized, precision manipulators, autonomous functionality and intuitive operation to deliver a high degree of mission flexibility. Telerob’s customers span 45 countries and numerous applications, including homeland security, emergency response and defense. Telerob is based near Stuttgart, Germany.

AeroVironment submitted a proposal with Telerob for the United States Air Force 10-year Indefinite Delivery, Indefinite Quantity (IDIQ) Large Explosive Ordnance Disposal (EOD) robot program, announced in October 2020. The Air Force has not announced the awardee for this program.

To learn more about advanced ground robotic solutions from Telerob, an AeroVironment Company, visit www.avinc.com/ugv.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

ABOUT TELEROB, AN AEROVIRONMENT COMPANY

Telerob, an AeroVironment Company, is a leading manufacturer of defense and homeland security solutions based in Ostfildern near Stuttgart, Germany. The product range includes remote-controlled unmanned ground vehicles for disarming improvised explosive devices and investigating CBRN hazards, fully equipped service vehicles, as well as mobile system solutions ensuring the safety and security of critical infrastructure and people. For more information, visit https://www.telerob.com/en/.

SAFE HARBOR STATEMENT

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to successfully achieve the anticipated benefits of the Telerob acquisition, including by retaining key employees and customers; the risk that disruptions will occur from the acquisitions that will harm our business or any acquired businesses; any disruptions or threatened disruptions to our relationships with our distributors, suppliers, customers and employees; the ability to timely and sufficiently integrate acquired operations into our ongoing business and compliance programs, including the expansion of international locations; our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Makayla Thomas
AeroVironment, Inc.
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
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Projects Will Add 640 MWh of Storage to Southern Power’s Solar Facilities

LAKE MARY, Fla.--(BUSINESS WIRE)--#BESS--Southern Power has awarded Mitsubishi Power Americas, Inc. and Powin, LLC an order for two utility-scale battery energy storage system (BESS) projects totaling 640 megawatt hours (MWh). These projects will enhance California’s grid reliability with additional flexible resource capacity for integrating intermittent renewable energy into the grid.

The BESS projects are among the first collocated solar and storage projects in California and represent some of the largest retrofits of solar and storage in North America to date. They are designed for a 20-year life cycle and four hours of energy storage duration. Southern Power’s 205 megawatt (MW) Garland Solar Facility in Kern County will add 88 MW and 352 MWh of energy storage, and its 204 MW Tranquillity Solar Facility in Fresno County will add 72 MW and 288 MWh. Both projects are scheduled to come online in 2021.

The energy storage projects will be owned in partnership with AIP Management and Global Atlantic Financial Group, both of which have existing ownership interests in the Garland and Tranquillity solar facilities that went into commercial operation in 2016. Southern Power operates the solar projects and will be responsible for operating the energy storage projects upon completion.

These two energy storage projects align with Southern Power’s growth strategy of developing and acquiring projects covered by long-term contracts with strong credit counterparties.

Geoff Brown, CEO of Powin, said, “We are pleased to continue our relationship with Mitsubishi Power and to have been selected as a trusted partner by Southern Power to provide BESS over the long-term for the Garland and Tranquillity projects. This award highlights the fact that large-scale solar PV paired with energy storage is cost competitive. We applaud Southern Power for taking this step toward helping California meet its clean energy goals with energy storage.”

Tom Cornell, Senior Vice President of Mitsubishi Power’s NEXT said, “Mitsubishi Power is excited to leverage our network of capabilities in the Americas and globally to bring low carbon solutions to Southern Power. These battery energy storage projects, which will use lithium iron phosphate technology, fit within our vision to provide short- and long-term energy storage solutions that include lithium ion, hydrogen, and other emerging storage technologies. We are proud to provide Southern Power with an energy storage solution to enhance the reliability of California’s electric power grid. Together with our customers and partners, we are creating a Change in Power.”

About Mitsubishi Power Americas, Inc.

Mitsubishi Power Americas, Inc. headquartered in Lake Mary, Florida, employs more than 2,000 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 and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. 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.

About Powin, LLC

Powin is a global leader in the design and manufacture of safe and scalable battery energy storage solutions. For nearly the past decade, Powin has worked to advance its patented battery management technology and develop market leading product offerings. Headquartered in Tualatin, Oregon, Powin has built over 600 MWh of systems, supporting 54 projects in 10 states and 8 countries. Powin has a contracted pipeline to supply over 4,000 MWh of energy storage systems globally over the next five years. Powin’s journey is just beginning — if you are interested in learning more, please visit www.powin.com.

Communications Contacts

Christa Reichhardt
Mitsubishi Power
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Sarah Bray
Innovant Public Relations
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The deployment enhances security and paves the way for increased community activities after dark

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Beyond2020, the UAE-driven humanitarian initiative has announced the deployment of critical solar energy lighting solutions at Kutupalong Rohingya refugee camp in Cox’s Bazar, Bangladesh, lighting up the lives of 4,500 residents. The deployment in Bangladesh, which aims to enhance security and create better conditions for social and community activities after dark, marks the second phase of ‘20by2020’, which recently rebranded to ‘Beyond2020’ to serve as a flagship platform for continuous global outreach.

Going ‘beyond generations’, ‘beyond borders’ and ‘beyond limits’, Beyond2020 offers critical, life-transforming solutions to a broader number of beneficiaries worldwide, providing tech for good and fostering development that is inclusive and sustainable.

Electricians Without Borders, a leading France-based non-profit organisation and the Zayed Sustainability Prize 2020 winner under the ‘Energy’ category, was tasked with installing the technology on behalf of Beyond2020, at the world’s largest refugee camp. The previous Prize winner leveraged its award-winning experience from the highly acclaimed ‘Light for the Rohingyas’ project that improved the lives of thousands of people through renewable energy and entrepreneurial mentoring.

Building on the legacy of the late Sheikh Zayed bin Sultan Al Nahyan by championing the humanitarian values of the UAE’s founding father, Beyond2020 donates sustainable technologies and solutions to vulnerable communities, with a total of nine countries reached, to date. Each solution or technology has already transformed other communities around the world and has been recognised by the Zayed Sustainability Prize as a winner or finalist.

H.E Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director General of the Zayed Sustainability Prize said: “Empowering vulnerable communities and advancing global progress towards the United Nations’ Sustainable Development Goals (SDGs) remain the guiding principles of the Beyond2020 initiative. Beyond2020 and its partners are glad to play a part in helping the community in need in Bangladesh and supporting the efforts of humanitarian non-profits to relieve any hardships suffered by the community.”

H.E Al Jaber added, “The UAE has long had a holistic humanitarian outlook that is reinforced by the wise leadership with the aim of supporting sustainable solutions and launching and driving initiatives that aim to serve humanity in various parts of the world. We are pleased with the introduction of these vital lighting solutions by Beyond2020, bringing greater ease to the daily lives of the community and enhancing security, while building a more supportive environment for expanded community activities. We will continue to expand the reach and accessibility of the Zayed Sustainability Prize’s winners’ and finalists’ innovative sustainable solutions to even wider communities in the region and globally.”

The rapid progress, perseverance, and expansion of Beyond2020 continues to be crucial as the world navigates the economic repercussions of the pandemic, requiring accelerated collaborative efforts by all stakeholders across the international sustainability community.

Mr. Johannes van der Klaauw, the United Nations High Commissioner for Refugees’ (UNHCR) Representative in Bangladesh said: “The Beyond2020 initiative is breaking new ground in giving access to sustainable energy solutions. In Bangladesh, this generous donation will make a real positive difference in the lives of vulnerable Rohingya refugees. Light at night improves security and has important positive social impacts in the community, particularly for people living with disabilities and for women and young girls. The use of sustainable technology, such as the expanded use of renewable energy solutions, is a key priority for UNHCR in Bangladesh.”

Electricians Without Borders provided its international expertise in the field of renewable energy projects for off grid communities by installing 240 Solar Home Systems and 640 solar lamps in the refugee camp while training its residents in equipment maintenance for their respective households. The Beyond2020 deployment in Bangladesh targets all refugees, with a focus on people with disabilities, pregnant women, and young girls.

As part of the initiative’s first phase, a total of eight deployments have been rolled out to date, including energy, health, water and food-related solutions in Nepal, Tanzania, Uganda, Jordan, Egypt, Cambodia, Madagascar, and Indonesia. In addition to Bangladesh, another 11 countries have been identified for phase two.

Beyond2020 brings together a leading and growing roster of UAE-based and international partners which include Abu Dhabi Global Market, Abu Dhabi Fund for Development, Mubadala Petroleum, the Ministry of Tolerance and Coexistence, Masdar, and BNP Paribas.

About Zayed Sustainability Prize

Established by the UAE leadership, in 2008, to honour the legacy of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, the Zayed Sustainability Prize is the UAE’s pioneering global award for recognising sustainability and humanitarian solutions around the world.

The Zayed Sustainability Prize acknowledges and rewards global pioneers and innovators who are committed to accelerating impactful sustainable solutions.

Over the past 12 years, the Prize has awarded 86 winners. Collectively, they have directly and indirectly, positively impacted the lives of over 335 million people around the world. The Zayed Sustainability Prize categories are: Health, Food, Energy, Water and Global High Schools.

For more information, please visit https://zayedsustainabilityprize.com/en/ or go to our social media platforms on, Twitter, Facebook, Instagram, YouTube.

*Source: AETOSWire

Medhat Juma
Hill+Knowlton Strategies
T: +971 561399482
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Erika Spagakou
Hill+Knowlton Strategies
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AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) announced today that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of senior secured notes due 2028 (the “Notes”) in a private placement pursuant to exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

REG estimates that the net proceeds from this offering will be approximately $489 million, after deducting the initial purchasers’ discount and estimated offering expenses payable by REG. REG intends to use the net proceeds to finance or refinance, in part or in full, new and/or existing eligible green projects, including the expansion of REG’s Geismar, Louisiana biorefinery.

The Notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offer and sale of the Notes and related guarantees will not be registered under the Securities Act or applicable state securities laws and, unless so registered, the Notes and related guarantees may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

About Renewable Energy Group

Renewable Energy Group, Inc. is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and one of North America’s largest producers of advanced biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes an integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “design,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the offering and aggregate principal amount of the Notes, the expected use of the net proceeds from the offering, expectations regarding the eligible green project (including the expansion of the Geismar, Louisiana biorefinery), and the expected terms of the offering. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, market and other conditions that may affect REG’s ability to complete the offering, risks related to REG’s ability to satisfy the conditions required to close any sale of the Notes, the use of the proceeds from any sale of the Notes, factors affecting REG’s business that may affect REG’s liquidity and working capital requirements, REG’s ability to successfully finance or refinance the eligible green projects (including the expansion of REG’s Geismar, Louisiana biorefinery), impacts related to the COVID-19 or any other pandemic, and other risks and uncertainties described from time to time in REG’s annual report on Form 10-K, quarterly reports on Forms 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and REG does not undertake to update any forward-looking statements based on new developments or changes in its expectations, except as required by law.

Todd Robinson
Deputy Chief Financial Officer
Renewable Energy Group
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(515) 239-8048

DUBLIN--(BUSINESS WIRE)--The "Carbon Composite Hydrogen Tanks Market by Tank Type, by Application Type, by Process Type, and by Region, Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Hydrogen can be physically stored in gaseous form or liquid form. In gaseous form, hydrogen is stored in high-pressure tanks under 350-700 bar of working pressure. Carbon composite hydrogen tanks include type III and Type IV tanks, made by using carbon fiber. Type III tank has a metal liner (aluminum or steel) with a full-composite overwrap, whereas Type IV is a complete carbon fiber made tank having an inner liner made of polyamide or polyethylene plastic.

With the rapidly increasing emissions from the transportation sector and other applications, economies across the globe are actively implementing stringent standards and mandates supporting environment preservation. The transportation sector generates a quarter of human-induced CO2 emissions. As the predicament becomes even more daunting, the bull's eye is gradually shifting towards alternative technologies that rely less on fossil fuels, bringing electric vehicles into the picture.

E-mobility is at the juncture of bringing in a revolution in the automotive industry. Battery electric vehicles, plug-in hybrids vehicles, and fuel cell electric vehicles are gaining traction among customers at full tilt. During their entire lifecycle, FCEVs are capable of reducing CO2 emissions by 30% as compared to conventional gasoline vehicles as they do not require large batteries whose production is energy and resource-intensive. When it comes to fuel storage, FCEV manufacturers prefer composite pressure vessels over metallic ones for hydrogen storage (Type III and Type IV).

COVID-19 Impact Analysis

The global EV production stood at 7 Million units in 2019 of which FCEVs accounted for <1% share. In 2020, the exponentially growing market faced an unforeseen hurdle - the COVID19 pandemic. Even though the market managed to dodge incurring any losses, it experienced softened growth in the dreadful year. The publisher's estimates suggest that the market is likely to pick up the pace from 2021 onwards to ultimately cross the unprecedented landmark figure of US$ 3 Billion by 2026.

Companies Mentioned

• Faber Industrie SpA
• Hexagon Composites ASA
• Iljin Composites Co., Ltd.
• Luxfer Holdings PLC
• NPROXX B.V.
• SteelHead Composites, Inc.
• Toyota Motor Corporation
• Worthington Industries, Inc.

Key Topics Covered:

1. Executive Summary

2. Carbon Composite Hydrogen Tanks Market Overview and Segmentation

2.1. Introduction

2.2. Carbon Composite Hydrogen Tanks Market Segmentation

2.2.1. By Tank Type

2.2.2. By Application Type

2.2.3. By Process Type

2.2.4. By Region

2.3. Supply Chain Analysis

2.4. Industry Life Cycle Analysis

2.5. PEST Analysis

2.6. SWOT Analysis

3. Carbon Composite Hydrogen Tanks Market - The COVID-19 Impact Assessment

3.1. Carbon Composite Hydrogen Tanks Market Trend and Forecast (US$ Million and Thousand Units)

3.2. Pre-COVID vs Post-COVID Assessment

3.3. Real GDP Loss vs Carbon Composite Hydrogen Tanks Market Loss (2020-2021)

3.4. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic

3.5. Market Segments' Analysis (US$ Million and Thousand Units)

3.6. Regional and Country-Level Analysis (US$ Million and Thousand Units)

3.7. Market Drivers

3.8. Market Challenges

4. Competitive Analysis

4.1. Publisher Insights

4.2. Product Portfolio Analysis

4.2.1. By Tank Type

4.2.2. By Application Type

4.3. Geographical Presence

4.4. New Product Launches

4.5. Strategic Alliances

4.6. Market Share Analysis

4.7. Porter's Five Forces Analysis

5. Carbon Composite Hydrogen Tanks Market Trend and Forecast by Tank Type (2015-2026)

5.1. Publisher Insights

5.2. Type III: Trend and Forecast (US$ Million and Thousand Units)

5.3. Type IV: Trend and Forecast (US$ Million and Thousand Units)

6. Carbon Composite Hydrogen Tanks Market Trend and Forecast by Application Type (2015-2026)

6.1. Publisher Insights

6.2. Transportation: Trend and Forecast (US$ Million and Thousand Units)

6.2.1. Car: Trend and Forecast (US$ Million and Thousand Units)

6.2.2. MHCV: Trend and Forecast (US$ Million and Thousand Units)

6.2.3. Others: Trend and Forecast (US$ Million and Thousand Units)

6.3. Gas Storage & Distribution: Trend and Forecast (US$ Million and Thousand Units)

6.4. Others: Trend and Forecast (US$ Million and Thousand Units)

7. Carbon Composite Hydrogen Tanks Market Trend and Forecast by Process Type (2015-2026)

7.1. Publisher Insights

7.2. Wet Winding: Trend and Forecast (US$ Million and Thousand Units)

7.3. Dry Winding: Trend and Forecast (US$ Million and Thousand Units)

8. Carbon Composite Hydrogen Tanks Market Trend and Forecast by Region (2015-2026)

8.1. Publisher Insights

8.2. North American Carbon Composite Hydrogen Tanks Market: Country Analysis

8.3. European Carbon Composite Hydrogen Tanks Market: Country Analysis

8.4. Asia-Pacific's Carbon Composite Hydrogen Tanks Market: Country Analysis

8.5. Rest of the World's (RoW) Carbon Composite Hydrogen Tanks Market: Sub-Region Analysis

9. Strategic Growth Opportunities

9.1. Publisher Insights

9.2. Market Attractiveness Analysis

9.2.1. Market Attractiveness by Tank Type

9.2.2. Market Attractiveness by Application Type

9.2.3. Market Attractiveness by Process Type

9.2.4. Market Attractiveness by Region

9.2.5. Market Attractiveness by Country

9.3. Emerging Trends

9.4. Growth Matrix Analysis

9.5. Key Success Factors (KSFs)

10. Company Profile of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/lkt0jc

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (NYSE American: LNG) and Cheniere Energy Partners, L.P. (NYSE American: CQP) (together, “Cheniere”) today announced that Sabine Pass Liquefaction, LLC has supplied a carbon neutral cargo¹ of liquefied natural gas (“LNG”) to Shell² as part of the companies’ long-term LNG Sale and Purchase Agreement. Cheniere and Shell worked together to offset the full lifecycle greenhouse gas (“GHG”) emissions associated with the LNG cargo by retiring nature-based offsets to account for the estimated CO₂e emissions produced through the entire value chain, from production through use by the final consumer (all scopes³).

The carbon-neutral LNG cargo was supplied from Cheniere’s Sabine Pass Liquefaction facility and delivered to Europe in early April. Offsets used were bought from Shell’s global portfolio of nature-based projects with Cheniere purchasing the portion attributable to estimated CO₂e emissions associated with activities upstream of the FOB delivery point, including production and liquefaction. Nature-based projects protect, transform or restore land and enable nature to add oxygen and absorb more CO₂ emissions from the atmosphere. Each carbon offset is subject to a third-party verification process and represents the avoidance or removal of 1 tonne of CO₂e.

“At Cheniere, we’re focused on measuring, reducing and mitigating emissions, and this first carbon neutral cargo for Cheniere highlights our efforts to measure and mitigate emissions throughout the LNG value chain,” said Anatol Feygin, Executive Vice President and Chief Commercial Officer of Cheniere. “We are thankful for our collaboration with Shell in this effort and for our mutually beneficial commitments to improving environmental performance and maximizing the climate benefits of Cheniere’s LNG.”

Steve Hill, Executive Vice President, Shell Energy said, “We are very happy to be collaborating with Cheniere on this opportunity. It is great to see more producers offsetting their GHG emissions to meet the increasing demand for carbon-neutral LNG. Using high quality nature-based offsets to compensate for emissions that cannot be avoided or reduced is an important step as we find more ways to reduce emissions across the LNG value chain.”

Earlier this year, Cheniere announced it intends to provide its LNG customers with GHG emissions data associated with each LNG cargo produced at its liquefaction facilities through the company’s Cargo Emissions Tags (CE Tags), beginning in the first half of 2022.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

Investors
Randy Bhatia 713-375-5479
Megan Light 713-375-5492
Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491

HOUSTON--(BUSINESS WIRE)--#energytransition--EnCap Investments L.P. (“EnCap”) today announced it has successfully closed EnCap Energy Transition Fund I, L.P. with commitments of approximately $1.2 billion. The fund was created to invest in companies that advance the nation’s transition to a lower-carbon future with a focus on creating wind, solar and energy storage enterprises.

“We are truly grateful for the enthusiastic support we received from both long-standing and new investors," said EnCap Investments Managing Partner Jason DeLorenzo. “As stewards of their capital, we appreciate the continued support of our investors. Coupling our 33-year investment track record with the power and renewable experience of our energy transition team, we have established a best-in-class platform to support a less carbon-intensive future and look forward to supporting its growth over the next decade.”

With its first energy transition fund, EnCap raised committed capital from a diverse set of domestic and international investors including corporate and government-sponsored pension funds, sovereign wealth funds, family offices, endowments, foundations and high-net-worth individuals.

“EnCap’s Energy Transition Managing Partners Jim Hughes, Tim Rebhorn, Kellie Metcalf and Shawn Cumberland have done a remarkable job working with our investor relations team and other EnCap principals to raise the fund while simultaneously building a valuable portfolio,” said EnCap Investments Managing Partner Doug Swanson. “Despite the challenges of the COVID pandemic, we have attracted outstanding talent and begun building value. We believe there are continued profitable investment opportunities across the entire energy value chain, and the addition of this third platform allows us to create dynamic companies that are transforming North America’s power grid.”

The Energy Transition Fund already has deployed capital in five platform investments in the battery storage, distributed power and utility-scale solar and wind sectors — Broad Reach Power, Catalyze, Jupiter Power, Solar Proponent and Triple Oak Power.

“With the support of our investors, we have been able to establish five enterprises that are supporting the transition of the power grid, and their early progress is exceeding our expectations,” said EnCap Energy Transition Managing Partner Jim Hughes. “We have attracted the best talent in the wind, solar and energy storage markets, and each of our companies is ahead of its value-creation plan. We are very pleased with our decision to partner with EnCap and the future of the EnCap Energy Transition platform.”

Vinson & Elkins LLP served as legal counsel to EnCap on the formation of the fund.

About EnCap Investments L.P.

Since 1988, EnCap Investments has been the leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 22 institutional investment funds totaling approximately $38 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.

Casey Nikoloric
Managing Principal, TEN|10 Group
303.507.0510 m
303.433.4397, x101
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SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced first quarter 2021 financial results including the following highlights compared to the same quarter of 2020:

• Diluted Net Earnings Attributable to Shareholders per share (EPS¹) increased 135% to $1.67
• Net Earnings Attributable to Shareholders increased 135% to $287 million
• Operating Income increased 142% to $386 million
• Revenues increased 77% to $3.4 billion
• Airfreight tonnage volume and ocean container volume both increased 29%

“Never before in our experience has capacity been so scarce in both air and ocean at the same time,” said Jeffrey S. Musser, President and Chief Executive Officer. “As a result, shippers face unprecedented challenges with their supply chains and we are doing everything we can to leverage the strength of our carrier relationships in order to secure space for our customers. During these times, the strength of our flexible, non-asset-based operating model is on display. All products performed very well and we set all-time highs in revenues, operating income and net earnings. We experienced strong growth in airfreight tonnage and ocean containers shipped during the quarter, serviced established customers and on-boarded new business when possible.

“The severity of the ongoing supply/demand imbalance has kept buy and sell rates elevated and volatile, in both the air and ocean markets. Ongoing shortages in international air capacity led to elevated pricing, port congestion, and lack of equipment, which, coupled with a rapid spike in demand, created ocean trade disruptions and significant backlogs. These conditions leave shippers with limited options for getting their products to market. This is one example of the power of our long history of support for our carrier partners during both good times and bad. Amidst persistent disruptions and supply chain realignments, we have remained highly focused and aware of marketplace shifts, while working our strong relationships and executing as efficiently as we ever have to secure precious capacity on behalf of our customers.

“We expect the operating environment to remain unsettled as long as constrained capacity and other disruptions, such as port congestion, the uneven lifting of pandemic-restrictions, and rising fuel costs continue to impact the movement of freight. History tells us that the supply/demand imbalance and rate volatility will stabilize over time. However, if the global response to COVID-19 has taught us anything, it is that conditions can change rapidly in today’s interconnected marketplace. A year ago, it was nearly impossible to imagine the impact of what then lay before us, as economies around the world were shutting down and people were going into isolation to protect themselves from a deadly new virus. As we implemented our business continuity plans around the globe, we also made the decision to invest in our people and not lay off any of our employees. A year later, we are proud of and grateful to our entire workforce for their extraordinary dedication and determined effort to stay safe while delivering the highest level of customer service.”

Bradley S. Powell, Senior Vice President and Chief Financial Officer, added, “Despite comparisons to a relatively soft first quarter a year ago, when the initial disruptions from COVID-19 led to lower volumes in all products, performance during this latest quarter was strong all across the Company, including Air, Ocean, Customs Brokerage, Order Management, Transcon and Distribution. The majority of our workforce continues to work from remote locations, even as we slowly and cautiously explore re-opening our offices for return-to-work in certain countries and locations. While staying safe remains our top priority, we have continued to enhance our productivity and generated the best operating efficiency in the Company’s history. I would continue to caution that we are unable to predict how ongoing disruptions will affect our future operations or financial results going forward, and that we do not expect the current unprecedented operating conditions to persist long-term. We will continue to make important investments in people, processes, and technology, as well as to invest in our strategic efforts to explore new areas for profitable growth.”

Expeditors is a global logistics company headquartered in Seattle, Washington. The Company employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

¹Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.
²Salaries and other operating expenses totals Salaries and related, Rent and occupancy, Depreciation and amortization, Selling and promotion and Other as shown in the Condensed Consolidated Statements of Earnings

During the three months ended March 31, 2021, we repurchased 0.9 million shares of common stock at an average price of $92.98 per share. During the three months ended March 31, 2020, we repurchased 4.0 million shares of common stock at an average price of $70.81 per share.

Investors may submit written questions via e-mail to: This email address is being protected from spambots. You need JavaScript enabled to view it.. Questions received by the end of business on May 7, 2021 will be considered in management's 8-K “Responses to Selected Questions.”

¹Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.
²Salaries and other operating expenses totals Salaries and related, Rent and occupancy, Depreciation and amortization, Selling and promotion and Other as shown in the Condensed Consolidated Statements of Earnings.

The Company’s consolidated financial results in the three months ended March 31, 2021 and 2020 were each significantly impacted by the effects of the global pandemic in divergent ways. In the first quarter of 2021, the Company experienced strong volumes and high sell and buy rates as a result of imbalances between demand and carrier capacity and continuing effects of disruptions in supply chains originating in measures to combat the pandemic in 2020. This is in contrast with slower activity in North Asia in the first quarter of 2020 as the pandemic resulted in temporary closures and limited operations in the Company’s China offices. Shipments were also rerouted or delayed by customers and service providers as they were taking their own precautionary measures. These impacts are affecting all of the Company’s geographical segments and most notably the year-over-year comparability of the North Asia segment. In the first quarter of 2021, the People's Republic of China, including Hong Kong, represented 32% and 27%, respectively, of the Company’s total revenues and total operating income, whereas in the first quarter of 2020 it represented 23% and 25%, respectively.

Jeffrey S. Musser
President and Chief Executive Officer
(206) 674-3433

Bradley S. Powell
Senior Vice President and Chief Financial Officer
(206) 674-3412

Geoffrey Buscher
Director - Investor Relations
(206) 892-4510

•       Cold Bore records 100% growth in new SmartPAD deployments in Q1, 2021
•       Triples the size of software development team
•       Increases hardware inventory by 25% in first two months of the year

CALGARY, Alberta--(BUSINESS WIRE)--Cold Bore Technology Inc. (“Cold Bore”), the leader in frac completions automation and platform technology, announced today record growth in new customers, revenue, team size and technology infrastructure during Q1, 2021.

In the first three months of the year, Cold Bore saw demand for its SmartPAD completions platform and control system increase dramatically. Deployments of its platform rose by over 100%, with the SmartPAD being implemented to interconnect and automate completions operations for many of the world’s largest producers at an unprecedented rate.

In response to what has been a continual increase in demand for its technology, Cold Bore has invested heavily in scaling its workforce, tripling the size of its software development team and bringing in recognized industry talent across departments. Company hardware inventory was also increased by 50% in the first two months of the year. This follows two consecutive years of 100%+ growth.

The SmartPAD’s success can be put down to its unique ability to efficiently connect control and automation systems from multiple service companies and deliver real-time, bi-directional communication between all services on site. This culminates in an industry-first standard completions platform in the cloud. Through its ability to ingest all service company data in real-time and consolidate it into a format that suits the producer, SmartPAD is a key component in the future development of a fully automated frac operation.

“The fact that SmartPAD is being adopted at such an accelerated pace is validation that we are solving a major problem that’s been a pain point in the industry for a long time," said Brett Chell, CEO at Cold Bore. “Technology-powered advancement is integral to the industry’s future success and we’ve been able to clearly demonstrate that frac operations that run on the back of accurate, real-time data, are safer, more efficient and more profitable. Getting to a fully autonomous operation is a goal we have been steadily working towards and it’s a privilege to be partnered with so many of the most influential and forward-thinking operators in the business who are also focused on making that a reality in the very near future. Being able to play a part in moving the entire industry forward is incredibly exciting and we’re just getting started.”

About Cold Bore

Cold Bore Technology Inc. (“Cold Bore”) is a global leader in completion optimization technology, developing the first Completions Operating System through Cold Bore’s SmartPAD service.

For more information, please visit - https://www.coldboretechnology.com/

Josh Stanbury | This email address is being protected from spambots. You need JavaScript enabled to view it.

SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been invited to present at the 16^th Annual Needham Virtual Technology & Media Conference on Wednesday, May 19.

Iteris president and CEO Joe Bergera and CFO Douglas Groves are scheduled to present at 3:00 p.m. ET (12:00 p.m. PT), and will participate in virtual one-on-one meetings with investors throughout the day.

For additional information or to schedule a one-on-one meeting with Iteris management, please contact your Needham representative, or Iteris’ investor relations firm, MKR Investor Relations, at This email address is being protected from spambots. You need JavaScript enabled to view it..

The company’s presentation will be webcast live and available for replay via the investor relations section of the company’s website at www.iteris.com. A copy of the presentation used at the conference will also be posted to the investor relations section of the company’s website.

About Iteris, Inc.

Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

Iteris Contact
Douglas Groves
Senior Vice President and Chief Financial Officer
Tel: (949) 270-9643
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

EMERALD PARK, Saskatchewan--(BUSINESS WIRE)--PRAIRIE LITHIUM (the “Company” or “Prairie Lithium”), is pleased to announce the acquisition of 188,000 acres of Subsurface Mineral Permits in Saskatchewan, Canada. Prairie Lithium is a Canadian lithium brine extraction and technology development company with its head office in Emerald Park, Saskatchewan. The land acquisition increases Prairie Lithium’s total mineral holdings in Saskatchewan to over 220,000 acres. Prairie Lithium is the largest active lithium brine developer in Saskatchewan, and one of the largest active lithium brine developers in Canada.

The land acquisition comes after Prairie Lithium’s successful Direct Lithium Extraction (DLE) proof of process pilot project that operated in Saskatchewan in 2020. For the pilot project, Prairie Lithium installed its proprietary DLE equipment on an active oil and gas site in Saskatchewan. Lithium was extracted from the brine, converted into a lithium sulphate concentrate, and further converted into lithium carbonate.

Lithium carbonate and lithium hydroxide are two key compounds used in lithium ion batteries. With lithium ion battery manufacturing increasing around the world, the price of lithium compounds have increased drastically over the past few months, sending shockwaves throughout the supply chain. Demand for lithium is expected to outpace supply within the next few years unless, in Management’s view, new mines are brought into production at a record pace.

Prairie Lithium’s expertise in brine hydrochemistry and hydrogeology, coupled with its internal analytical capacity and its proprietary lithium extraction technology, positions it to be a leader in lithium brine development in Saskatchewan and beyond. Find out more at prairielithium.ca.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Prairie Lithium’s business and affairs. Such forward-looking statements include, but may not be limited to, those with respect to: (i) lithium carbonate and lithium hydroxide use and demand around the world; (ii) the increase in lithium ion battery manufacturing around the world; (iii) the growing supply gap and price for lithium carbonate and lithium hydroxide; (iv) the anticipated speed of development for new extraction lithium mines; (v) Prairie Lithium’s continued expertise in brine hydrochemistry and hydrogeology; (vi) and Prairie Lithium’s ability to lead lithium brine development in Saskatchewan and beyond.

These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Although Prairie Lithium believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct.

All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Prairie Lithium assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.

Zach Maurer at This email address is being protected from spambots. You need JavaScript enabled to view it.

WYOMISSING, Pa.--(BUSINESS WIRE)--#CayugaRNG--Cayuga RNG Holdings, LLC (“Cayuga RNG”) announced today that it has entered into definitive agreements to develop dairy farm digester projects to produce renewable natural gas (“RNG”) in upstate New York. Cayuga RNG is a joint venture owned by a subsidiary of UGI Energy Services (“UGIES”), a subsidiary of UGI Corporation (NYSE: UGI), and Global Common Energy, LLC (“GCE”).

Cayuga RNG’s first project will be developed at the Spruce Haven Farm (“Spruce Haven”), located in the Finger Lakes region of Cayuga County, New York. The project will incorporate an existing anaerobic digester that generates biogas, which is currently used to produce renewable electricity. The proposed project, which is expected to be completed in the second half of calendar year 2022, will upgrade the biogas to produce an expected 50 million cubic feet of RNG each year from on-site dairy waste feedstock. The RNG supply will be delivered to a local natural gas pipeline serving its regional distribution system. Cayuga RNG is in the process of developing other dairy digesters in Cayuga County and upstate New York. RNG projects reduce waste and long-term greenhouse gas emissions, while also increasing the use of renewable energy. GHI, a wholly owned subsidiary of UGIES, will be the exclusive off-taker and marketer of RNG for Cayuga RNG.

GCE, based in Garden City, New York, designs, develops, owns and operates renewable and fossil-fueled power plants, microgrids, on-site generation projects, and large-scale anaerobic digestion projects that produce RNG and organic based soil amendments. GCE energy projects include a 54 MW peaking power plant, two 12.5 MW biomass power plants, an anaerobic digester/co-generation facility, a 150,000 ton per year wood pellet plant, and ethanol plants, among others. Marathon Capital acted as financial advisor for GCE.

“For nearly 140 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves,” said Robert F. Beard, UGI’s Executive Vice President – Natural Gas. “In 2020, UGI announced its acquisition of GHI Energy, LLC, a RNG marketing business based in Houston, Texas. At that time, UGI outlined how that investment would provide a platform for growth in other RNG projects. UGI’s investment in Cayuga RNG reinforces our commitment to the development of RNG and sustainable energy. Additionally, the investment in Cayuga RNG supports the company’s existing greenhouse gas emission reduction strategies that will be highlighted in UGI’s upcoming environmental, social and governance (ESG) report titled “The Foundation of a Renewable Energy Future”,” Beard concluded.

“My partner, Jim (Fitzgerald), and I have been in the environmental, sustainability, electric grid resilience and renewal fuels space for some time,” said Robert J. Foxen, President of GCE. “We look forward to teaming with UGIES to support the dairy industry as it moves to become more environmentally sustainable by reducing fugitive methane emissions from dairy operations, while producing RNG and reducing the demand for fossil fuels. In addition to the environmental benefits, these projects also provide the dairies (many family-owned and operated) with financial support by monetizing a former waste stream.” Foxen concluded, “We look forward to growing Cayuga RNG with UGIES’ support.”

“Spruce Haven Farm has worked toward developing RNG for 20 years,” said Doug Young, Managing Member of Spruce Haven Farm. “Bob Foxen has led the journey for us and has done a great job connecting us with UGIES, the ideal partner. Our shared vision of a strong economy based on renewable energy is taking a major step forward.”

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States, California, and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

About GCE

GCE designs, develops, owns and operates various energy projects, including utility scale power plants, renewable fuels projects, microgrids, and on-site generation projects. GCE establishes Strategic Energy Partnerships with our clients to design and implement energy projects that meet their business objectives. GCE has a broad range of experience in all aspects of energy project design, development and financing. GCE has performed innovative feasibility studies and project design; negotiated project agreements needed to enable financing, including complex power purchase agreements (PPAs); engineering, procurement, and construction (EPC) contracts; fuel supply agreements; and secured complex environmental permits in challenging regulatory environments. GCE also has extensive experience developing financial models and securing project financing.

Comprehensive information about GCE is available on the Internet at http://globalcommon.com/

About Spruce Haven Farm

Spruce Haven, a family farm founded in 1987 by Doug and Janet Young, along with Janet’s father, Dave Camp, and currently operates with nearly 2,000 cows and 1,700 heifers. Two of the Young’s sons, Luke and Dustin, are managers and members of Spruce Haven, as well as Jason and Alisha Koch. Jason Koch is dairy operations manager. Spruce Haven is thankful to have highly competent and long-term employees.

Spruce Haven works toward responsible and sustainable farming, acting as a research and development center for the dairy industry. The research at Spruce Haven Farm has contributed to products improving dairy performance globally. Currently launching Cowffee, a whole milk-based beverage high in CLA, Spruce Haven believes naturally produced CLA has the potential to reduce cancer, heart disease, obesity, diabetes, dementia while improving immunity in humans based on results in animal studies. Spruce Haven installed a lower-cost anaerobic digester to reduce climate impact. To address holistic opportunities by utilizing the plant food resulting from digestate, its nutrient boom field distributor was patented to increase crop yields while better utilizing nitrogen and phosphorus and reducing climate impact. Spruce Haven also works to improve the lives of its employees and families both in their neighborhood and in Guatemala.

See their website http://pursuehappiness.farm for details of their goals and progress.

Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498

ALPHARETTA, Ga.--(BUSINESS WIRE)--48forty Solutions (“48forty”), a portfolio company of Audax Private Equity (“Audax”) and a leading national provider of recycled whitewood pallets, has acquired Relogistics, LLC (“Relogistics”). This is the first acquisition 48forty has completed under Audax ownership.

Headquartered in Houston, Texas, Relogistics is a leading provider of pallet and container management services, helping businesses manage reusable transport packaging at over 60 locations across the U.S. Their comprehensive pallet logistics services help drive efficiency and reduce supply chain costs for major retailers nationwide.

The acquisition of Relogistics will strengthen 48forty’s geographic presence and bolster their logistics services offerings. Together, 48forty and Relogistics bring decades of differentiated pallet management services and pallet recycling expertise to both national and local customers. The two management teams will be reuniting after working together under a shared parent company, IFCO, prior to 2012. Concurrent with the transaction, Mike Hachtman, Relogistics’ current CEO, will transition to CEO of the combined business. Norm Plotkin, 48forty’s current CEO, will remain involved as Chairman of the Board.

Mike Hachtman, Relogistics CEO, said, “I am very excited to combine the retailer and service-focused solutions from Relogistics with the robust pallet recycling capabilities of 48forty. This partnership will allow Relogistics to offer additional service options to our existing customers and other retailers across the country. Bringing together the exceptional talent and the culture of integrity that both companies share will allow us to deliver better and more robust services. As I transition to CEO of 48forty, I look forward to working closely with Norm Plotkin, who shares my enthusiasm to see the combined companies succeed.”

“This is an incredible opportunity to expand the customer solutions we bring to market as we strive to grow our plants, customer onsite locations, and our affiliate network, both organically as well as through strategic acquisitions,” said Norm Plotkin, former CEO and current Chairman of 48forty. “48forty and Relogistics share a strong culture of transparency, honesty, integrity, and a “customer first” mindset that make the combination a complementary fit. I am extremely excited about Mike Hachtman joining the company as CEO. Mike is a leader who is well-known and respected within our industry and is a natural fit to take on this role.”

ABOUT 48FORTY

48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 225 facilities, including 44 company-owned and operated plants and more than 180 affiliates. 48forty provides end-to-end pallet solutions, from supply to retrieval, on-site services, reverse logistics, and retail services. To learn more, visit www.48forty.com.

ABOUT RELOGISTICS

Relogistics is a leader in pallet and container management services, providing efficient, cost-effective solutions to handling reusable transport packaging and reducing supply chain costs. We service customers at over 60 locations nationwide, handling more than 332,000 trailers, 85 million pallets, and 115 million reusable containers annually.

ABOUT AUDAX PRIVATE EQUITY

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $26 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 950 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website www.audaxprivateequity.com, or follow us on LinkedIn.

Media:
Kristin Kopp
VP of Communications and Marketing
48forty Solutions, LLC
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (305) 298-3659

Itron Signs Two-Year Contract with Southern Maryland Electric Cooperative to Enhance System Reliability and Increase Customer Savings

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#CoolSentry--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it signed a two-year contract extension with Southern Maryland Electric Cooperative (SMECO), one of the 15 largest electric cooperatives in the United States with more than 169,000 member accounts. Itron will continue to provide SMECO with a fully outsourced and pay-for-performance demand response solution that helps the cooperative ensure reliable power and lower rates for its members as part of SMECO’s CoolSentry load management program.

Since 2008, Itron has collaborated with SMECO to administer the CoolSentry program, which enables the utility to reduce peak demand. Itron’s cost-effective demand response solution increases reliability and lowers costs to SMECO’s residential and commercial & industrial (C&I) members. As a fully outsourced solution, Itron recruits customers into the program, installs the necessary load control equipment and operates the program using Itron’s IntelliSOURCE® Enterprise™ cloud-based software. Itron IntelliSOURCE Enterprise software is the foundation for CoolSentry as it automates every phase of the program to ensure seamless and reliable delivery for a consistent customer experience. Over the course of the three-year pay-for-performance agreement, Itron will provide up to 59 megawatts of available capacity to the cooperative.

“We have seen great success with Itron’s demand response solution over the last 13 years and look forward to continuing to provide energy savings to our members,” said Jeff Shaw, vice president of distributed energy resources and sustainability at SMECO. “Our SMECO CoolSentry Load Management program also plays a critical role in averting energy shortages in our community during periods of high demand.”

“At Itron, we are committed to optimizing the benefits of distributed energy resources and their impact on the grid,” said Don Reeves, senior vice president of Outcomes at Itron. “Our continued collaboration with SMECO to provide a demand response solution will ensure reliable and affordable service to all of their members in Southern Maryland.”

IntelliSOURCE is a proven turnkey distributed energy resource management (DERM) solution used to address peak capacity, load management and non-wires alternative use cases for residential and C&I markets. IntelliSOURCE manages 1.1 GW with over 3 million installed devices. IntelliSOURCE is extensible beyond load control to optimize the grid for distributed energy resources, such as electric vehicles, rooftop solar and behind-the-meter battery storage.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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ST. JOHN’S, Newfoundland--(BUSINESS WIRE)--$ARR.TO #energytransition--Altius Renewable Royalties Corp. (TSX: ARR) (“ARR” or the “Company”), is pleased to announce that Tri Global Energy (“TGE”) has announced the sale of its 175 MW Appaloosa Run wind project in West Texas to an established buyer. The sale results in creation of a 1.5% royalty in favour of ARR’s 50% owned subsidiary, Great Bay Renewables LLC, under its royalty-based portfolio funding agreement with TGE. This sale represents the sixth royalty to be created under the Tri Global Energy agreement with Great Bay Renewables. The six royalties in aggregate represent approximately 1695 MW of solar and wind power.

ARR will report its Q1 2021 financial results Thursday May 6, 2021 after the close of trading, with a conference call and webcast to follow May 7, 2021. The conference call will include an open Q&A session for analysts and investors. Access details are as follows:

The announcement made by TGE today is as follows:

Tri Global Energy Advances 175 MW West Texas Wind Project with Sale of Appaloosa Run

Dallas (May 4, 2021) –Tri Global Energy, an independent renewable energy originator and developer, today announced the sale of its 175 MW West Texas wind project, Appaloosa Run, in southeast Upton County near the county seat of Rankin, Texas. Comprised of approximately 12,300 leased acres, the project’s land is privately owned by a single landowner and Texas’s largest university system, the University of Texas.

Tri Global Energy commenced Appaloosa Run’s development phase in 2018. Estimates call for the wind project to generate millions in tax revenue for local schools and roads, among other local community services.

“It’s projects like these that are driving our clean energy future,” said John Billingsley, Chairman and CEO of Tri Global Energy. “Appaloosa Run is TGE’s first project in Upton County and our 13^th project to complete development in our home state.

“This project reflects TGE’s proven track record to develop best-in-class renewable energy assets and to further invest in our development pipeline,” Billingsley added.

The project is approved for interconnection to the Electric Reliability Council of Texas (ERCOT) electrical grid, which supplies power to more than 25 million Texas customers and represents 90 percent of the state’s electric load.

Great Bay Renewables, a joint venture company between certain funds managed by affiliates of Apollo Global Management, Inc. and Altius Renewable Royalties Corp. (TSX:ARR), is providing royalty financing in support of Tri Global Energy origination and development work for the Appaloosa Run project.

The financial terms of the agreement and the project buyer are undisclosed.

About Tri Global Energy

We are developers of sustainable energy. Tri Global Energy’s mission is to improve communities through local economic development generated by originating and commercializing renewable energy projects. The company currently develops and owns utility-scale wind, solar, and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia. Tri Global Energy is headquartered in Dallas with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois; and Reynolds and Hartford City, Indiana. For more information, visit www.triglobalenergy.com.

About ARR

ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.

Flora Wood
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Tel: 1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis
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Tel: 1.877.576.2209

MINNEAPOLIS--(BUSINESS WIRE)--BAE Systems has been awarded a $76 million contract modification to produce additional Vertical Launch System (VLS) canisters for the U.S. Navy. The canisters play a critical role for storing, transporting, and firing a range of offensive and defensive missiles from the deck of the Navy’s guided-missile cruisers and destroyers.

“The VLS is a highly-survivable and versatile system and our canisters play a key role in equipping the Navy with this world-class capability,” said Brent Butcher, vice president of the Weapon Systems product line at BAE Systems. “BAE Systems has partnered with the Navy and its allies for more than 30 years to provide them with the most flexible and reliable weapon systems to execute a variety of missions effectively, and we look forward to continuing that commitment with this VLS technology.”

Under the contract now totaling $306 million, BAE Systems will produce canisters for the Mk 13, Mk 14, Mk 25, Mk 29 and other hardware for the Navy. The contract will also support purchases from the governments of Australia, Japan, the Netherlands, Norway, South Korea, Spain, and Turkey under a Foreign Military Sales program.

VLS canisters serve in a multifaceted role as containers for missile shipping and storage, as well as launch tubes when loaded into the VLS. They also provide identification and firing support to multiple missile types, including the Tomahawk Land Attack Missile (TLAM), Standard Missile-2, Standard Missile-3, Standard Missile-6, the Evolved Sea Sparrow Missile and the vertical launch anti-submarine rocket known as ASROC.

Work on the contract modification will be performed at the BAE Systems production facility in Aberdeen, South Dakota, through 2023, with engineering and program support in Minneapolis. The new modification will allow BAE Systems to add 25 jobs to its Aberdeen facility.

Amanda Niswonger, BAE Systems
Mobile: + 1 586-484-4123
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www.baesystems.com/US
@BAESystemsInc

RADNOR, Pa.--(BUSINESS WIRE)--Community Energy today announced the addition of energy storage expert Judy McElroy to its Board of Directors.

“It is with great pleasure that I welcome Judy McElroy to our Board,” said Brent Beerley, President & CEO of Community Energy. “She is a national leader in the US energy storage market, offering deep insight to our Board and Leadership team. As we enter our next phase of growth, Judy’s experience and ingenuity will help us to be smarter about how we integrate storage with our solar projects in our mission to accelerate the transition to a 24/7 carbon-free grid. Having recently closed financing on our third and largest solar + storage project, at 173 MW of solar and 120 MWh of storage, we look forward to working with Judy to pioneer the integration of clean energy at scale.”

Judy currently serves as CEO of Fractal Energy Storage Consultants and brings over a decade of experience in the energy storage industry with a specialty in markets, policy, technology, and economics.

“I am honored to serve on the Community Energy Board of Directors,” said Judy McElroy. “It is a privilege to contribute to a vision I believe in so strongly – renewable energy and energy storage. They will be inseparable moving forward. Community Energy’s principles closely mirror my own values of customer success, corporate integrity, and innovative thinking. I'm looking forward to sharing my time and resources in supporting their efforts and ambitions.”

About Community Energy

Community Energy has been a pioneer in renewable energy generation for 22 years, developing and financing 2.6 GW of renewable energy projects across the United States, including 1.9 GW of solar, and delivering the first solar and wind projects at scale in 11 states. Community Energy is a pure play developer with a 55-person team that anticipates, originates, and develops competitively advantaged solar plus storage projects throughout the country. Community Energy has a large and diverse project pipeline in support of its mission to accelerate the transition to a 24/7 carbon-free grid. Community Energy has offices near Philadelphia, PA and in Boulder, CO. For more information, please visit www.communityenergyinc.com.

Amy Lobel
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Michigan-based grower finds cultivation success by applying best manufacturing practices and LED lighting technology in its fully organic facility

AUSTIN, Texas & KALAMAZOO, Mich.--(BUSINESS WIRE)--Fluence by OSRAM (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, and Harbor Farmz, a Kalamazoo, Michigan-based cannabis cultivator, announced today the companies’ successful implementation of Fluence’s LED lighting solutions in the grower’s cultivation facility and tissue culture lab.

Headquartered in the burgeoning Midwestern cannabis market, Harbor Farmz is a 35,850-square-foot, state-of-the-art growing and processing facility featuring vertical cultivation rooms and a tissue culture lab equipped with Fluence’s LED lighting technology. The company grows with living soil to provide a range of high-quality, hand-crafted organic cannabis products to customers throughout Michigan. Leading Harbor Farmz’s innovative team is CEO and founder Michael Ward, who brings a unique perspective to the cannabis space: More than two decades of manufacturing experience and best production practices in metal stamping.

“My vision in launching Harbor Farmz last year was to elevate cannabis production in Michigan by establishing efficient growing strategies, taking a fully organic approach, deeply understanding soil chemistry and developing a sophisticated genetic library that we can share cuttings from for years to come,” Ward said. “Precision is key. We’re continually refining our processes and elemental parameters while integrating advanced technologies like Fluence’s LED lighting into our growing environment. Collaborating with Fluence enables my team to create efficiencies in our cultivation and harvest methodologies to deliver the best medicine that will benefit our customers.”

Harbor Farmz has completed multiple grow cycles, dialing in the environment harvest-after-harvest to improve plant quality and proving Ward’s manufacturing background is accelerating the company’s overall operating efficiency and position in the market as a groundbreaking cultivator. In collaboration with Fluence, Harbor Farmz is exploring new possibilities in its tissue culture lab to bolster the company’s—and the state’s—genetic inventory with optimized cannabis strains while maintaining its high standards of plant consistency and quality.

“We’re proud to partner with the cutting-edge cultivators at Harbor Farmz to advance what’s possible in cannabis production,” said David Cohen, CEO of Fluence. “What Michael and his team at Harbor Farmz are accomplishing within their facility is truly groundbreaking. At Fluence, we are dedicated to investing in and exploring how light affects cannabis plant quality and consistency. The Harbor Farmz team is not only advancing our own understanding of the interaction between light and plant development, but also establishing new industry standards for growing and producing premiere cannabis strains and products. Michael’s commitment to incorporating the industry’s leading technology and best manufacturing practices into his operation is creating an unbeatable model for cannabis production I encourage the industry to pay attention to.”

Harbor Farmz’s world-class microbiologists utilize a multitude of tissue culture techniques to study, analyze and optimize cannabis plant genetics, ensuring only the highest-quality plants are introduced to the Michigan market. According to data gathered from LeafLink, Harbor Farmz ranks fourth out of more than 100 providers in Michigan that retailers purchase cannabis flower from. The company also holds three of the top 10 best-selling varieties of cannabis flower in the state since completing its first harvest and flower sale in late 2020.

For more information on Fluence, visit www.fluence.science. For more information on Harbor Farmz, visit www.harborfarmz.com.

About Fluence by OSRAM
Fluence Bioengineering, Inc., a wholly-owned subsidiary of OSRAM, creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market and is committed to enabling more efficient crop production with the world’s top vertical farms and greenhouse produce growers. Fluence global headquarters are based in Austin, Texas, with its EMEA headquarters in Rotterdam, Netherlands. For more information about Fluence, visit https://fluence.science.

About Harbor Farmz
Established in 2017, Harbor Farmz has become the premier choice for handcrafted cannabis products in Michigan. We control our cultivation, extraction, manufacturing and packaging practices all in house so that we can maintain our Harbor Farmz quality from tissue culture to sale. Since our inception, our goal has been to create a naturally potent medicine that our customers can depend upon. We focus on using organic cultivation methods to provide the highest quality flowers which then go on to become our brilliant line of extracts, concentrates and edibles. Our belief is that the highest quality inputs equal high-quality outputs. With this in mind, we developed a workforce based around a positive work culture, teamwork and equality, allowing us to ensure our passion for the industry stays as potent as our products.

For Fluence,
Emma Chase
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C: 512-917-4319

MALABO, Equatorial Guinea--(BUSINESS WIRE)--Noble Energy EG Ltd. (a Chevron company), today announced a donation and in-kind contribution of $350,000 to support relief efforts assisting those impacted by the tragic explosion that occurred in Bata, Equatorial Guinea, on March 7, 2021. The contribution will help joint-efforts by the U.S. Embassy in Equatorial Guinea and nonprofit response organizations, and includes direct assistance to affected families, logistical support for disaster response specialists, and a donation of medicine and medical supplies for local hospitals.

“Our thoughts and prayers are with those who suffered losses from this tragic event,” said Clay Neff, president, Chevron Middle East, Africa, South America (MEASA) Exploration and Production Company. “Both immediate relief and longer-term recovery efforts are needed, and we are committed to helping the people of Bata through this difficult time.”

Noble Energy EG Ltd. will continue to work with local agencies and nonprofit organizations to support response efforts and longer-term recovery initiatives. The company has a long history of supporting communities, particularly in times of need, by contributing to crisis response and relief efforts.

With a presence of nearly three decades, Noble Energy EG Ltd. is proud of its strong partnership with the Government of Equatorial Guinea and is committed to supporting the country in developing its energy resources safely and reliably for the benefit of its people.

About Noble Energy EG Ltd. (a Chevron company)

Chevron’s subsidiary, Noble Energy EG Ltd., operations offshore Equatorial Guinea account for more than 60 percent of the country’s hydrocarbon production with interests in the Alba Field, Block O and Block I. More information about Chevron is available at www.chevron.com.

As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.

Bernardo Cuaresma, Malabo +240 555 440 897

Ray Fohr, Houston +1-713-372-4923, +1-832-540-9475