MANSFIELD, Ohio--(BUSINESS WIRE)--#dividend--The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.155 per share on the common stock of the Company, payable June 10, 2021, to shareholders of record May 14, 2021. This will mark the 285th consecutive quarterly dividend paid by The Gorman-Rupp Company.

About The Gorman-Rupp Company
Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.

Forward-Looking Statements
In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.

Brigette A. Burnell
Corporate Secretary
The Gorman-Rupp Company
Telephone (419) 755-1246
NYSE: GRC

For additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548.

ELGIN, Ill.--(BUSINESS WIRE)--Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) plans to release its financial results for the first quarter of 2021, which ended March 27, 2021, after the market close on Tuesday, May 4, 2021.

The company will host a conference call on Wednesday, May 5, 2021 at 9:30 AM Central Time, during which management will give a presentation focusing on the Company's operations and financial results.

Interested parties can listen to the audio webcast available through our company website, http://crystal-clean.com/investor-relations/, and can participate on the call by dialing (833) 772-0398. After dialing the number, you will be required to provide the following passcode before being joined to the conference call: 4669677.

About Heritage-Crystal Clean, Inc.

Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily to small and mid-sized customers in the vehicle maintenance sector as well as manufacturers and other industrial businesses. Our service programs include parts cleaning, containerized waste management, used oil collection, wastewater and vacuum, waste antifreeze collection and recycling, and field services. These services help our customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. Our customers include businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms, as well as small-to-medium sized manufacturers, such as metal product fabricators and printers, and other industrial businesses. Through our used oil re-refining program, we recycle used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Through our antifreeze program we recycle spent antifreeze and produce and market a full line of virgin-quality antifreeze products. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois.

Heritage-Crystal Clean, Inc.
Mark DeVita, Chief Financial Officer (847) 836-5670
http://www.crystal-clean.com

• Worldwide revenue was $5.2 billion
• International revenue was $4.2 billion and North America revenue was $972 million
• EPS was $0.21
• Cash flow from operations was $429 million and free cash flow was $159 million
• Board approved quarterly cash dividend of $0.125 per share

HOUSTON--(BUSINESS WIRE)--Regulatory News:

Schlumberger Limited (NYSE: SLB) today reported results for the first-quarter 2021.

Schlumberger CEO Olivier Le Peuch commented, “We started the year with conviction in our strategic direction and our resulting outlook for 2021. The combination of the promising first-quarter results and an increasingly constructive macroeconomic view are strengthening this conviction. With recovery sentiment improving and the execution of our returns-focused strategy progressing well, I am extremely proud of the women and men of Schlumberger for delivering yet another solid quarter.

“First-quarter revenue declined 6% sequentially, reflecting the expected reduction in North America following divestitures during the fourth quarter of last year that were focused on the high-grading and rationalizing of our business portfolio to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of these divestitures, our global revenue was essentially flat sequentially as the impact of seasonally lower activity in the Northern Hemisphere was fully offset by growth in multiple countries. Notwithstanding the effects of seasonality, the first quarter affirmed the activity recovery that commenced last quarter.

“In North America, excluding the effects of divestitures, revenue grew 10% sequentially driven by land revenue which increased 24% due to higher drilling activity, despite the Texas freeze. Offshore revenue declined 10% sequentially following the seasonal fourth-quarter year-end product sales.

“International revenue in the quarter reflects the usual seasonal dip, though China and Russia experienced a particularly severe winter. However, the sequential revenue decline was less pronounced than in prior years due to strong growth in Latin America and in several key countries in the Middle East and Africa. The first-quarter revenue sequential decline was the shallowest since 2008, while international rig count experienced the strongest first-quarter sequential growth since 2011, affirming the international recovery.

“First-quarter revenue was also characterized by growth in Well Construction and Reservoir Performance, excluding the effects of divestitures and despite seasonality in the Northern Hemisphere. Well Construction revenue increased 4% sequentially due to higher drilling activity in North America and Latin America. Reservoir Performance decreased 20% due to the OneStim^® divesture in North America—but excluding this, the Division grew by 3% driven by robust international land and offshore activity. Digital & Integration revenue decreased 7% sequentially due to seasonally lower sales of software and multiclient seismic data licenses. Production Systems revenue declined 4%, mostly due to lower product sales following the strong year-end sales of the previous quarter.

“Sequentially, despite the revenue decline, first-quarter pretax segment operating income increased 1%. Pretax segment operating income margin expanded by 88 bps to 13% while EBITDA margin was maintained at 20%. These margins represent a more than 200 basis-point improvement compared to the first quarter of 2020 despite a 30% revenue decline year-on-year. This performance represents a promising start to our margin expansion ambition this year and highlights the impact of our capital stewardship and cost-out measures, which provide us with significant operating leverage.

“First-quarter cash flow from operations was $429 million and free cash flow was $159 million despite severance payments of $112 million and typical first-quarter consumption of working capital. We are pleased with the cash flow performance this quarter and expect cash flow to grow further throughout the year, allowing for net debt reduction.

“Looking ahead, we continue to be encouraged by constructive macroeconomic drivers. While the world is still grappling with COVID-19 infection rates, vaccination programs and fiscal stimulus packages are expected to support a rebound of economic activity and oil demand recovery through the year. Industry analysis estimates 5–6 million bbl/d of oil demand will be added by the end of the year as demand recovery is projected to improve in the second quarter, exiting the year just 2 million bbl/d short of 2019 levels.

“With the gradual return of oil demand, we anticipate North America activity to level off at production maintenance levels, while international activity is poised to ramp up through year-end 2021 and beyond. We expect to significantly benefit from this anticipated shift to increased international activity due to the strength and breadth of our international franchise. Consequently, we are increasingly confident that our international revenue will see double-digit growth in the second half of 2021 as compared to the same period last year, which implies potential upside to the already robust growth that is anticipated in 2022 and beyond.

“There is an increasingly positive sentiment in the industry outlook as the recovery strengthens despite the lingering concerns regarding the COVID-19 crisis. The strategic pivot we initiated two years ago has proven effective and positions us to outperform in this vastly different landscape that presents new imperatives and opportunities that play to our strengths.

“Building on the strength of our Well Construction and Reservoir Performance Divisions, we are accelerating our digital offerings, positioning the company to lead in the production and recovery market, and building our New Energy portfolio to embrace the energy transition—all fully aligned with our customers. A new growth cycle has finally commenced, and we are prepared to deliver growth and returns that outperform the market.”

Other Events

On April 22, 2021, Schlumberger’s Board of Directors approved a quarterly cash dividend of $0.125 per share of outstanding common stock, payable on July 8, 2021 to stockholders of record on June 2, 2021.

Revenue* by Geographical Area

North America

North America revenue of $972 million decreased 17% sequentially following divestitures that were focused on the high-grading and rationalizing of our business portfolio to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of the fourth-quarter divestitures, first-quarter revenue grew 10% sequentially with land revenue growing 24% due to higher Well Construction drilling activity and increased Asset Performance Solutions (APS) project revenue. Offshore revenue declined 10% sequentially due to reduced sales of subsea production systems and multiclient seismic data licenses.

International

International revenue had the usual seasonal dip, particularly in China and Russia, which experienced a severe winter. The sequential revenue decline was less pronounced than in prior years because of offsets from strong revenue growth in Latin America and in several key countries in the Middle East and Africa. The international revenue decrease was the shallowest first-quarter revenue decline since 2008 and international rig count experienced the strongest first-quarter sequential growth since 2011.

Revenue in Latin America of $1.0 billion increased 7% sequentially due to higher sales of production systems in Brazil, increased intervention and stimulation activity in Argentina, and higher well construction drilling activity in Ecuador. Mexico revenue was modestly higher sequentially, as stronger drilling activity was offset by reduced sales of multiclient seismic data licenses.

Europe/CIS/Africa revenue of $1.3 billion decreased 8% sequentially mainly due to the seasonal winter drilling slowdown in Russia & Central Asia. Excluding the effects of seasonality, activity increased across most Divisions, particularly in Scandinavia and Africa.

Revenue in the Middle East & Asia of $1.9 billion decreased 5% sequentially due to seasonally lower winter activity in China and a decline in offshore drilling in Australia due to the cyclone season. Additionally, there were lower sales of production systems in India. These revenue declines were partially offset by robust activity growth in Saudi Arabia and Qatar.

Results by Division

Digital & Integration

Digital & Integration revenue of $773 million decreased 7% sequentially due to seasonally lower sales of digital solutions, software, and multiclient seismic data licenses.

Digital & Integration pretax operating margin of 32% was essentially flat sequentially. Despite the revenue decline, operating margin was maintained as the effects of digital solutions and multiclient revenue declines were largely offset by improved profitability from APS projects.

Reservoir Performance

Reservoir Performance revenue of $1.0 billion declined 20% sequentially. The revenue decline reflected the divestiture that was focused on the high-grading and rationalizing of our business portfolio in North America to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of the OneStim divestiture, revenue grew 3% sequentially despite the impact of seasonally lower activity in Russia and China. Revenue increased from higher activity in Latin America, North America, Sub-Sahara Africa, and the Middle East.

Reservoir Performance pretax operating margin of 10% expanded 261 bps sequentially. Profitability was boosted by the divestiture of the OneStim business, which was previously dilutive to margins.

Well Construction

Well Construction revenue of $1.9 billion increased 4% sequentially. The revenue increase was due to robust activity in North America land. Revenue growth in Latin America and the Middle East, mainly in Qatar, Saudi Arabia, Iraq, and Oman, has more than offset the seasonal slowdown in drilling activity in Russia & Central Asia, China, and Australia.

Sequentially, Well Construction pretax operating margin of 11% improved by 103 bps, mainly in North America, due to higher drilling activity on land while international margin was essentially flat.

Production Systems

Production Systems revenue of $1.6 billion decreased 4% sequentially. The revenue decrease was across North America offshore, Europe/CIS/Africa, and Asia, partially offset by strong activity in Latin America—mainly in Brazil and Argentina—and the Middle East, mostly in Saudi Arabia and Qatar. Lower production system sales were posted in subsea, well production, and surface while midstream production systems grew sequentially in Latin America, North America land, and the Middle East.

Despite the revenue decline, pretax operating margin only decreased 71 basis points to 9%, as a result of cost measures as well as improved profitability in midstream production systems due to higher activity.

Quarterly Highlights

Schlumberger continues to harness the power of the cloud to enable a step change in customer productivity and performance—through our digital platforms and the application of artificial intelligence (AI) and internet of things (IoT) solutions to create new insights from data and optimize operations. During the quarter:

• Schlumberger and Equinor announced a strategic project, in collaboration with Microsoft^®, to deploy the DELFI* cognitive E&P environment with seamless integration to the OSDU^™ Data Platform—the industry’s new data standard. This is the first major deployment of the OSDU Data Platform, which will streamline strategy planning for Equinor. This project aims to accelerate Equinor’s ability to integrate data at scale and improve decision-making, and it will be embedded as a key part of Equinor’s Microsoft Azure enterprise-wide data platform.

• In Mexico, Schlumberger is collaborating with Pemex, using a new digital workflow that can accelerate the time from prospect lead to drilling by at least 30%, transforming the prospect maturation process currently used in the industry. Enabled by the DELFI environment, the workflow—called prospect-focused imaging—is helping Pemex more quickly generate value from its assets in the challenging Gulf of Mexico Campeche Basin by identifying and de-risking exploration opportunities in weeks rather than months. This acceleration is achieved through the DELFI environment, which enables a remote, multidisciplinary team to work in parallel rather than sequence, iterating seismic imaging and exploration knowledge to adjust an earth model in real time.

• In Russia, Schlumberger and Yandex.Cloud announced an industry-first collaboration to deploy the DELFI environment hosted on Yandex.Cloud, the first use of the cloud for the conventional upstream domain in Russia. The deployment includes AI and data solutions to accelerate the digital transformation of energy companies and elevate performance across the industry.

• In one of the largest assets in Ecuador, Agora* edge AI and IoT solutions were leveraged to deliver an 18% increase in production uptime while reducing the carbon footprint of artificial lift surveillance operations. The application of digitally enabled well surveillance and artificial lift optimization workflows in more than 100 wells resulted in a 36% reduction of CO₂ equivalent emissions due to reduced trips to the field. Agora solutions enabled digital surveillance of electric submersible pumps and suction rod pumps within a remote well-operation platform that covers the entire asset. Agora solutions are providing an opportunity for operators to achieve a step change in production uptime while reducing the cost and carbon footprint of operations.

Around the world, our differentiated operational execution continues to resonate with customers and is being acknowledged through new contract awards. Awards in the quarter include:

• In Africa, Tullow Oil plc awarded Schlumberger a four-year contract, valued at more than USD 100 million, for combined drilling services offshore Ghana. The comprehensive services contract targets an accelerated drilling restart early in the second quarter of 2021, and includes the full Well Construction Division portfolio, as well as adjacent services from the Reservoir Performance and Digital & Integration Divisions. The contract incorporates a new, performance-based element—the first such contract model deployed in Ghana—aligning Schlumberger and Tullow to collaborate toward additional performance improvements as Tullow unlocks more value from its world-class deepwater assets.

• In South America, Total awarded Schlumberger a contract for services across multiple Divisions for a 4- to 10-well deepwater appraisal and exploration campaign in Block 58 offshore Suriname. The campaign commenced in February 2021 following discoveries in the block during 2020, for which Schlumberger delivered the majority of the Well Construction services.

• In the Middle East, Qatargas awarded Schlumberger a five-year contract for three stimulation vessels in the giant Qatar North Field, with an optional five-year extension. OpenPath Reach* extended-contact stimulation service and MaxCO₃ Acid* degradable diversion acid system are key differentiating technologies included in the award that were selected to improve stimulation efficiency.

• In addition, Qatargas awarded Schlumberger a five-year contract for intervention services in the North Field Expansion project. This Reservoir Performance award features a unique fit-for-basin technology with an advanced perforation deployment system that conveys multiple services with ACTive* real-time downhole coiled tubing services. The new design eliminates multiple rig ups and rig downs, reducing health, safety, and environmental exposure and saving up to three days of rig operations per well.

For more than a century, Schlumberger has developed and deployed innovative technology. Our technology solutions continue to enhance customer performance, support basin competitiveness, maximize asset value, and reduce carbon footprint.

In North America land, Schlumberger fit-for-basin Well Construction technology and execution is enabling customer outperformance across multiple basins as the recovery unfolds:

• In the DJ Basin, Schlumberger Well Construction technology enabled Great Western Petroleum to drill the longest footage in the 8.5-in section covering 21,630 ft of vertical, curve, and lateral in a single run, using a bottomhole assembly (BHA) comprising all Schlumberger technology—including NeoSteer* at-bit-steerable system and a drill bit from Smith Bits, a Schlumberger company.

For more information, contact
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Global Lubricants - 7th Edition" report has been added to ResearchAndMarkets.com's offering.

This study examines the global market for finished lubricants. Historical data for 2009, 2014, and 2019, and forecasts for 2024 and 2029 are provided for lubricant demand by product type and market for six regions and 24 individual countries

Products covered include:

• engine oils
• transmission and hydraulic fluids
• process oils
• metalworking fluids
• general industrial oils
• gear oils
• greases

Demand for finished lubricants is discussed in terms of intended markets, including:

• motor vehicles
• light-duty vehicles
• medium- and heavy-duty vehicles
• motorcycles
• manufacturing
• off-highway equipment
• construction machinery (e.g., excavators, cranes, pavers)
• mining machinery (e.g., surface mining equipment, mining drills and breakers)
• agricultural equipment (e.g., farm tractors, harvesting machinery, sprayers)
• transportation equipment
• marine (e.g., passenger and cargo ships, yachts and other recreational boating, military ships and submarines)
• railroad
• aerospace (military, commercial, and personal aircraft; spacecraft; communications satellites)
• other markets (e.g., oil and gas exploration and production, electric power generation)

Demand is also discussed in terms of lubricant formulation:

• conventional petroleum
• synthetic
• re-refined
• biobased

Companies Mentioned

• BP
• Chevron
• ENEOS
• Exxon Mobil
• Shell
• TOTAL

Key Topics Covered:

1 Executive Summary

2 Overview

• Study Scope
• Impact of COVID-19 Pandemic
• Demand by Region
• Motor Vehicle Ownership & Usage Trends
• Motor Vehicle Design & Technology Trends
• Gasoline Engines
• Diesel Engines
• Hybrid & Electric Vehicles
• Alternative Fuels (Ethanol, CNG, Fuel Cells)
• Oil Life Monitoring Systems
• Motor Vehicle Fuel Efficiency
• Global Manufacturing Trends Impacting Lubricant Use
• 3D Printing
• Fluid Management Systems
• Pricing Trends
• Sustainability Initiatives

3 Lubricant Products

• Demand by Product
• Engine Oils
• Demand by Region
• Automotive Engine Oils
• Industrial Engine Oils
• Transmission & Hydraulic Fluids
• Demand by Region
• Automotive Transmission & Hydraulic Fluids
• Industrial Hydraulic Fluids
• Process Oils
• Metalworking Fluids
• General Industrial Oils
• Gear Oils
• Demand by Region
• Automotive Gear Oils
• Industrial Gear Oils
• Greases
• Demand by Region
• Automotive Greases
• Industrial Greases

4 Lubricant Formulations

• Demand by Formulation
• Conventional Petroleum Lubricants
• Synthetic Lubricants
• Re-Refined Lubricants
• Biobased Lubricants

5 Lubricant Markets

• Demand by Market
• Motor Vehicles
• Demand by Product & Region
• Light-Duty Vehicles
• Medium-/Heavy-Duty Vehicles
• Motorcycles
• Manufacturing
• Off-Highway Equipment
• Demand by Product & Region
• Construction Machinery
• Mining Machinery
• Agricultural & Forestry Machinery
• Transportation Equipment
• Demand by Product & Region
• Marine
• Railroad
• Aerospace
• Other Markets (Power Generation, Oil & Gas)

6 North America

7 Central & South America

8 Western Europe

9 Eastern Europe

10 Asia/Pacific

11 Africa/Mideast

12 Industry Structure

• Key Findings & Industry Composition
• Market Share
• Mergers & Acquisitions
• Cooperative Agreements
• Marketing & Distribution
• Refining & Blending
• List of Industry Participants

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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• Worldwide revenue was $5.2 billion
• International revenue was $4.2 billion and North America revenue was $972 million
• EPS was $0.21
• Cash flow from operations was $429 million and free cash flow was $159 million
• Board approved quarterly cash dividend of $0.125 per share

HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (NYSE: SLB) today reported results for the first-quarter 2021.

Schlumberger CEO Olivier Le Peuch commented, “We started the year with conviction in our strategic direction and our resulting outlook for 2021. The combination of the promising first-quarter results and an increasingly constructive macroeconomic view are strengthening this conviction. With recovery sentiment improving and the execution of our returns-focused strategy progressing well, I am extremely proud of the women and men of Schlumberger for delivering yet another solid quarter.

“First-quarter revenue declined 6% sequentially, reflecting the expected reduction in North America following divestitures during the fourth quarter of last year that were focused on the high-grading and rationalizing of our business portfolio to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of these divestitures, our global revenue was essentially flat sequentially as the impact of seasonally lower activity in the Northern Hemisphere was fully offset by growth in multiple countries. Notwithstanding the effects of seasonality, the first quarter affirmed the activity recovery that commenced last quarter.

“In North America, excluding the effects of divestitures, revenue grew 10% sequentially driven by land revenue which increased 24% due to higher drilling activity, despite the Texas freeze. Offshore revenue declined 10% sequentially following the seasonal fourth-quarter year-end product sales.

“International revenue in the quarter reflects the usual seasonal dip, though China and Russia experienced a particularly severe winter. However, the sequential revenue decline was less pronounced than in prior years due to strong growth in Latin America and in several key countries in the Middle East and Africa. The first-quarter revenue sequential decline was the shallowest since 2008, while international rig count experienced the strongest first-quarter sequential growth since 2011, affirming the international recovery.

“First-quarter revenue was also characterized by growth in Well Construction and Reservoir Performance, excluding the effects of divestitures and despite seasonality in the Northern Hemisphere. Well Construction revenue increased 4% sequentially due to higher drilling activity in North America and Latin America. Reservoir Performance decreased 20% due to the OneStim^® divesture in North America—but excluding this, the Division grew by 3% driven by robust international land and offshore activity. Digital & Integration revenue decreased 7% sequentially due to seasonally lower sales of software and multiclient seismic data licenses. Production Systems revenue declined 4%, mostly due to lower product sales following the strong year-end sales of the previous quarter.

“Sequentially, despite the revenue decline, first-quarter pretax segment operating income increased 1%. Pretax segment operating income margin expanded by 88 bps to 13% while EBITDA margin was maintained at 20%. These margins represent a more than 200 basis-point improvement compared to the first quarter of 2020 despite a 30% revenue decline year-on-year. This performance represents a promising start to our margin expansion ambition this year and highlights the impact of our capital stewardship and cost-out measures, which provide us with significant operating leverage.

“First-quarter cash flow from operations was $429 million and free cash flow was $159 million despite severance payments of $112 million and typical first-quarter consumption of working capital. We are pleased with the cash flow performance this quarter and expect cash flow to grow further throughout the year, allowing for net debt reduction.

“Looking ahead, we continue to be encouraged by constructive macroeconomic drivers. While the world is still grappling with COVID-19 infection rates, vaccination programs and fiscal stimulus packages are expected to support a rebound of economic activity and oil demand recovery through the year. Industry analysis estimates 5–6 million bbl/d of oil demand will be added by the end of the year as demand recovery is projected to improve in the second quarter, exiting the year just 2 million bbl/d short of 2019 levels.

“With the gradual return of oil demand, we anticipate North America activity to level off at production maintenance levels, while international activity is poised to ramp up through year-end 2021 and beyond. We expect to significantly benefit from this anticipated shift to increased international activity due to the strength and breadth of our international franchise. Consequently, we are increasingly confident that our international revenue will see double-digit growth in the second half of 2021 as compared to the same period last year, which implies potential upside to the already robust growth that is anticipated in 2022 and beyond.

“There is an increasingly positive sentiment in the industry outlook as the recovery strengthens despite the lingering concerns regarding the COVID-19 crisis. The strategic pivot we initiated two years ago has proven effective and positions us to outperform in this vastly different landscape that presents new imperatives and opportunities that play to our strengths.

“Building on the strength of our Well Construction and Reservoir Performance Divisions, we are accelerating our digital offerings, positioning the company to lead in the production and recovery market, and building our New Energy portfolio to embrace the energy transition—all fully aligned with our customers. A new growth cycle has finally commenced, and we are prepared to deliver growth and returns that outperform the market.”

Other Events

On April 22, 2021, Schlumberger’s Board of Directors approved a quarterly cash dividend of $0.125 per share of outstanding common stock, payable on July 8, 2021 to stockholders of record on June 2, 2021.

Revenue* by Geographical Area

North America

North America revenue of $972 million decreased 17% sequentially following divestitures that were focused on the high-grading and rationalizing of our business portfolio to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of the fourth-quarter divestitures, first-quarter revenue grew 10% sequentially with land revenue growing 24% due to higher Well Construction drilling activity and increased Asset Performance Solutions (APS) project revenue. Offshore revenue declined 10% sequentially due to reduced sales of subsea production systems and multiclient seismic data licenses.

International

International revenue had the usual seasonal dip, particularly in China and Russia, which experienced a severe winter. The sequential revenue decline was less pronounced than in prior years because of offsets from strong revenue growth in Latin America and in several key countries in the Middle East and Africa. The international revenue decrease was the shallowest first-quarter revenue decline since 2008 and international rig count experienced the strongest first-quarter sequential growth since 2011.

Revenue in Latin America of $1.0 billion increased 7% sequentially due to higher sales of production systems in Brazil, increased intervention and stimulation activity in Argentina, and higher well construction drilling activity in Ecuador. Mexico revenue was modestly higher sequentially, as stronger drilling activity was offset by reduced sales of multiclient seismic data licenses.

Europe/CIS/Africa revenue of $1.3 billion decreased 8% sequentially mainly due to the seasonal winter drilling slowdown in Russia & Central Asia. Excluding the effects of seasonality, activity increased across most Divisions, particularly in Scandinavia and Africa.

Revenue in the Middle East & Asia of $1.9 billion decreased 5% sequentially due to seasonally lower winter activity in China and a decline in offshore drilling in Australia due to the cyclone season. Additionally, there were lower sales of production systems in India. These revenue declines were partially offset by robust activity growth in Saudi Arabia and Qatar.

Results by Division

Digital & Integration

Digital & Integration revenue of $773 million decreased 7% sequentially due to seasonally lower sales of digital solutions, software, and multiclient seismic data licenses.

Digital & Integration pretax operating margin of 32% was essentially flat sequentially. Despite the revenue decline, operating margin was maintained as the effects of digital solutions and multiclient revenue declines were largely offset by improved profitability from APS projects.

Reservoir Performance

Reservoir Performance revenue of $1.0 billion declined 20% sequentially. The revenue decline reflected the divestiture that was focused on the high-grading and rationalizing of our business portfolio in North America to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of the OneStim divestiture, revenue grew 3% sequentially despite the impact of seasonally lower activity in Russia and China. Revenue increased from higher activity in Latin America, North America, Sub-Sahara Africa, and the Middle East.

Reservoir Performance pretax operating margin of 10% expanded 261 bps sequentially. Profitability was boosted by the divestiture of the OneStim business, which was previously dilutive to margins.

Well Construction

Well Construction revenue of $1.9 billion increased 4% sequentially. The revenue increase was due to robust activity in North America land. Revenue growth in Latin America and the Middle East, mainly in Qatar, Saudi Arabia, Iraq, and Oman, has more than offset the seasonal slowdown in drilling activity in Russia & Central Asia, China, and Australia.

Sequentially, Well Construction pretax operating margin of 11% improved by 103 bps, mainly in North America, due to higher drilling activity on land while international margin was essentially flat.

Production Systems

Production Systems revenue of $1.6 billion decreased 4% sequentially. The revenue decrease was across North America offshore, Europe/CIS/Africa, and Asia, partially offset by strong activity in Latin America—mainly in Brazil and Argentina—and the Middle East, mostly in Saudi Arabia and Qatar. Lower production system sales were posted in subsea, well production, and surface while midstream production systems grew sequentially in Latin America, North America land, and the Middle East.

Despite the revenue decline, pretax operating margin only decreased 71 basis points to 9%, as a result of cost measures as well as improved profitability in midstream production systems due to higher activity.

Quarterly Highlights

Schlumberger continues to harness the power of the cloud to enable a step change in customer productivity and performance—through our digital platforms and the application of artificial intelligence (AI) and internet of things (IoT) solutions to create new insights from data and optimize operations. During the quarter:

• Schlumberger and Equinor announced a strategic project, in collaboration with Microsoft^®, to deploy the DELFI* cognitive E&P environment with seamless integration to the OSDU^™ Data Platform—the industry’s new data standard. This is the first major deployment of the OSDU Data Platform, which will streamline strategy planning for Equinor. This project aims to accelerate Equinor’s ability to integrate data at scale and improve decision-making, and it will be embedded as a key part of Equinor’s Microsoft Azure enterprise-wide data platform.

• In Mexico, Schlumberger is collaborating with Pemex, using a new digital workflow that can accelerate the time from prospect lead to drilling by at least 30%, transforming the prospect maturation process currently used in the industry. Enabled by the DELFI environment, the workflow—called prospect-focused imaging—is helping Pemex more quickly generate value from its assets in the challenging Gulf of Mexico Campeche Basin by identifying and de-risking exploration opportunities in weeks rather than months. This acceleration is achieved through the DELFI environment, which enables a remote, multidisciplinary team to work in parallel rather than sequence, iterating seismic imaging and exploration knowledge to adjust an earth model in real time.

• In Russia, Schlumberger and Yandex.Cloud announced an industry-first collaboration to deploy the DELFI environment hosted on Yandex.Cloud, the first use of the cloud for the conventional upstream domain in Russia. The deployment includes AI and data solutions to accelerate the digital transformation of energy companies and elevate performance across the industry.

• In one of the largest assets in Ecuador, Agora* edge AI and IoT solutions were leveraged to deliver an 18% increase in production uptime while reducing the carbon footprint of artificial lift surveillance operations. The application of digitally enabled well surveillance and artificial lift optimization workflows in more than 100 wells resulted in a 36% reduction of CO₂ equivalent emissions due to reduced trips to the field. Agora solutions enabled digital surveillance of electric submersible pumps and suction rod pumps within a remote well-operation platform that covers the entire asset. Agora solutions are providing an opportunity for operators to achieve a step change in production uptime while reducing the cost and carbon footprint of operations.

Around the world, our differentiated operational execution continues to resonate with customers and is being acknowledged through new contract awards. Awards in the quarter include:

• In Africa, Tullow Oil plc awarded Schlumberger a four-year contract, valued at more than USD 100 million, for combined drilling services offshore Ghana. The comprehensive services contract targets an accelerated drilling restart early in the second quarter of 2021, and includes the full Well Construction Division portfolio, as well as adjacent services from the Reservoir Performance and Digital & Integration Divisions. The contract incorporates a new, performance-based element—the first such contract model deployed in Ghana—aligning Schlumberger and Tullow to collaborate toward additional performance improvements as Tullow unlocks more value from its world-class deepwater assets.

• In South America, Total awarded Schlumberger a contract for services across multiple Divisions for a 4- to 10-well deepwater appraisal and exploration campaign in Block 58 offshore Suriname. The campaign commenced in February 2021 following discoveries in the block during 2020, for which Schlumberger delivered the majority of the Well Construction services.

• In the Middle East, Qatargas awarded Schlumberger a five-year contract for three stimulation vessels in the giant Qatar North Field, with an optional five-year extension. OpenPath Reach* extended-contact stimulation service and MaxCO₃ Acid* degradable diversion acid system are key differentiating technologies included in the award that were selected to improve stimulation efficiency.

• In addition, Qatargas awarded Schlumberger a five-year contract for intervention services in the North Field Expansion project. This Reservoir Performance award features a unique fit-for-basin technology with an advanced perforation deployment system that conveys multiple services with ACTive* real-time downhole coiled tubing services. The new design eliminates multiple rig ups and rig downs, reducing health, safety, and environmental exposure and saving up to three days of rig operations per well.

For more than a century, Schlumberger has developed and deployed innovative technology. Our technology solutions continue to enhance customer performance, support basin competitiveness, maximize asset value, and reduce carbon footprint.

In North America land, Schlumberger fit-for-basin Well Construction technology and execution is enabling customer outperformance across multiple basins as the recovery unfolds:

• In the DJ Basin, Schlumberger Well Construction technology enabled Great Western Petroleum to drill the longest footage in the 8.5-in section covering 21,630 ft of vertical, curve, and lateral in a single run, using a bottomhole assembly (BHA) comprising all Schlumberger technology—including NeoSteer* at-bit-steerable system and a drill bit from Smith Bits, a Schlumberger company.

For more information, contact
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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• Schneider’s AI-assisted approach to climate action consulting recognized by Microsoft as a “partner making a difference”
• Inspired by the UN SDGs, the campaign highlights technology that enables an inclusive economy, creating opportunities and positive business outcomes

LOUISVILLE, Ky.--(BUSINESS WIRE)--#BuildFor2030--Schneider Electric, the global leader in energy management, automation, and sustainability, today announced that its EcoStruxure Resource Advisor software has been selected by Microsoft for its #BuildFor2030 campaign. The purpose of the campaign is to showcase solutions and services driving positive impact and contributing to a more inclusive economy.

Resource Advisor is a best-in-class, AI-assisted, cloud-based solution for managing cross-enterprise energy and sustainability data. Companies are able to track data across more than 400 categories to have near real-time access to their resource performance, and use the platform to centralize KPI management and reporting and disclosure. The data is paired with Schneider’s unique approach to energy and sustainability consulting, bringing together technology and expertise, resulting in a “mind-plus-machine” approach to climate action.

“We are pleased to be selected for Microsoft’s #BuildFor2030 campaign and its vision of a sustainable, inclusive, and digital future,” said Susan Uthayakumar, President of the Sustainable Business Division at Schneider Electric. “We know that data management and the transition to digital are critical steps in climate action as businesses seek ways to operate more cleanly and efficiently. The selection of Resource Advisor to the #BuildFor2030 portfolio of solutions recognizes Schneider Electric’s role as a digital partner in sustainability, working with others in our ecosystem to conquer climate change together.”

The selection comes on the heels of Schneider’s most recent climate action research, which indicates that corporate interest in and urgency on climate action are at an all-time high among executives. Of the more than 100 respondents from across industries, nearly 90 percent report that they either have a climate action plan in place or in development. And yet, 42 percent of respondents say that poor quality or incomplete data is a barrier to implementing their plan.

The disruptions posed by the COVID-19 pandemic have also been a wake-up call for organizations, 51 percent of which cite climate change and its impacts as the biggest threat to future energy and resource supply. A significant 85 percent of respondents indicate that they are now considering using energy and sustainability to build resilience in their business. Interestingly, confidence in preparedness to manage disruption has fallen since our 2020 research, with fewer companies now reporting their readiness for innovation and disruption. Access the full data book here.

“One of the most important things the past year has shown us is the value of data to resource and crisis management. And I’m not only referring to COVID-19 when I say that. Lack of centralized energy data also played a role in the humanitarian crisis in Texas in February,” said Steve Wilhite, SVP of Energy and Sustainability Services at Schneider Electric. “As companies seek to prepare for future disruptions, especially those that are rooted in climate change, real-time access to smart data will be more critical than ever.” Resource Advisor helps organizations by centralizing their data management so they can make smarter, faster resource decisions – especially important during periods of disruption

Learn more about Resource Advisor here.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

Hashtags: #BuildFor2030 #LifeisOn

Schneider Electric Media Relations – Amy Haddon; This email address is being protected from spambots. You need JavaScript enabled to view it.
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DUBLIN--(BUSINESS WIRE)--The "Biogas Plant Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The biogas plant installed capacity is expected to register a CAGR of around 3.15% during the forecast period of 2021-2026,

Companies Mentioned

• Engie SA
• Air Liquide SA
• Scandinavian Biogas
• Gasum Oy
• Ameresco
• A2A SpA
• AB Holding SpA (Gruppo AB)
• EnviTec Biogas AG
• BTS Biogas SRL/GmbH
• FWE GmbH
• Agraferm GmbH

Key Market Trends

Small-Scale Digesters to be the Fastest Growing Market

• The small-scale digestors are digesters with a capacity lesser than 250kW, and due to the lower investment and infrastructure requirement, their share in the global market is growing. Small-scale digesters play an essential role in rural areas of developing nations. Due to inaccessibility to modern technology, digesters are most often used in stoves for cooking and heating purposes.
• Small-scale digesters not only provide greener energy but also reduce the dependency on hydrocarbon fuels, such as natural gas or liquefied petroleum gas. Small-scale digesters offer food security to economically backward populations.
• As of 2019, more than 50 million micro digesters were operating around the world, which fed around 126 million people across the world. China had the most micro digesters, with 42 million micro digesters. India had 4.9 million micro digesters. During 2019, China exceeded by 13 million cubic meters of biogas production, while India exceeded by 2 million cubic meters.
• Although, the share of small-scale digesters is around 24% in 2019, this share is expected to increase gradually during the forecast period. Small-scale digesters are usually prominent in Asian countries like India, Thailand, and China. Gradually the share in the European countries and the United States has also increased. According to the United States Environmental Protection Agency, as of September 2020, more than 263 anaerobic digester projects were operating on livestock farms in the United States.
• With government initiatives, usage of biogas for domestic purposes is expected to increase during the forecast period. For instance, the Government of India launched a policy named National Biogas and Manure Management Programme (NBMMP), which provides subsidies to set up biogas plants for domestic uses, mainly for rural and semi-urban/households. During 2017-18, the policy helped set up nearly 49 lakhs micro digesters in India.

Europe to Dominate the Market

• Europe is dominating the biogas plant market with the maximum volume of biogas production. As of 2019, the region is the largest biogas producer, with around 20,000 biogas plants.
• According to European Biogas Association, the region produced 167 TWh or 15.8 billion cubic meters (bcm) of biogas and 26 TWh or 2.5 bcm of biomethane, in 2019.
• According to the Europe Biogas Association (EBA), biogas production in Europe is expected to reach 98 billion cubic meters (bcm) of biomethane by 2050, a 4,800% increase in current levels of production.?
• In recent years, Europe witnessed significant growth in the installation of biogas plants. As of 2019, according to European Biogas Association, more than 18,202 biogas plants were installed with a total installed capacity of approximately 12 GW, producing about 63,511 GWh of electricity in the same year.?
• The plan to increase the biogas production is expected to attract investments to build biogas production facilities, which is expected to promote the growth of biogas plants in the near future.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Biogas Plant Installed Capacity and Forecast in MW, till 2026

4.3 Number of Biogas Projects, by Key Countries

4.4 Detailed List of Key Existing and Upcoming Biogas Plants

4.5 Recent Trends and Developments

4.6 Government Policies and Regulations

4.7 Market Dynamics

4.7.1 Drivers

4.7.2 Restraints

4.8 Supply Chain Analysis

4.9 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Electricity Generation

5.1.2 Biofuel Production

5.1.3 Heat Generation

5.2 Biogas Plant Type

5.2.1 Small-Scale Digesters

5.2.2 Medium- to Large-Scale Digesters

5.3 Geography

5.3.1 North America

5.3.2 Asia-Pacific

5.3.3 Europe

5.3.4 South America

5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Engie SA

6.3.2 Air Liquide SA

6.3.3 Scandinavian Biogas

6.3.4 Gasum Oy

6.3.5 Ameresco

6.3.6 A2A SpA

6.3.7 AB Holding SpA (Gruppo AB)

6.3.8 EnviTec Biogas AG

6.3.9 BTS Biogas SRL/GmbH

6.3.10 FWE GmbH

6.3.11 Agraferm GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/ix2d6o

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WASHINGTON--(BUSINESS WIRE)--The Clean Hydrogen Future Coalition (CHFC) welcomes the bipartisan cooperation demonstrated by Senators Young (R-IN) and Whitehouse (D-RI) on the introduction of the Hydrogen Utilization and Sustainability Act (Hy USA). Hy USA marks the growing recognition of the role that clean hydrogen must play in the energy transition. “The CHFC is encouraged by the leadership of Senators Young and Whitehouse on Hy USA”, says Erik Mason, Global Head of Energy Trading for Nikola and CHFC Chair, “and we look forward to working with them to expand opportunities for the use of clean hydrogen throughout all sectors of our economy.” The CHFC is pleased that Hy USA acknowledges an all of the above approach to decarbonizing and improving the reliability of the electric grid and will work to expand this approach throughout the economy.

The Clean Hydrogen Future Coalition also sent a letter to President Joseph R. Biden, Jr. today applauding the Administration’s inclusion of clean hydrogen projects and development support in the President’s American Jobs Plan. “The CHFC is pleased to see the Plan’s robust support for research, development, and deployment for decarbonized hydrogen, as well as a proposal to invest in fifteen decarbonized hydrogen demonstration projects paired with a new production tax credit to bolster those projects”, says Brian Hlavinka, Director of Emerging Opportunities for the Williams Companies and CHFC Vice Chair. “The proposals in the American Jobs Plan will help catalyze clean hydrogen infrastructure, and the CHFC looks forward to working with the Biden administration and Congress in the design of a comprehensive suite of policies needed for hydrogen to be a critical element of the clean energy transition.”

With over 20 leading stakeholder and industry participants, the Clean Hydrogen Future Coalition represents a diverse group of energy companies, labor unions, utilities, NGOs, equipment suppliers, and project developers who are committed to the advancement of a net zero CO₂ economy that is supported by the infrastructure across the supply chain to fully scale net zero clean hydrogen production and use in the U.S. Learn more at www.cleanH2.org

Mike Weiner, 202-298-1848
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DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release first quarter 2021 financial results after the market closes on Thursday, May 6, 2021. A conference call will be held on Friday, May 7, 2021 at 8:30 a.m. Eastern Time.

Webcast:

A webcast of the conference call will be available on the Investors section of the Company’s website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

To Participate in the Telephone Conference Call:

Dial in at least 15 minutes prior to start time:
Domestic: 1-877-407-4018
International: 1-201-689-8471

Conference Call Playback:

Domestic: 1-844-512-2921
International: 1-412-317-6671
Pass code: 13718997
The playback can be accessed through May 21, 2021.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas. The Company is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL at texaspacific.com.

Investor Relations
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Universal Hydrogen joins JetBlue Technology Ventures’ growing portfolio of sustainable travel startups as the subsidiary’s first foray into hydrogen power

SAN CARLOS, Calif.--(BUSINESS WIRE)--JetBlue Technology Ventures (JTV), the venture capital subsidiary of JetBlue Airways (Nasdaq: JBLU), today announced its investment in Universal Hydrogen, the company fueling carbon-free flight, as part of its $20.5M Series A funding round. The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters its burgeoning commercial activities.

JTV’s primary goal is to better position JetBlue with startup-led innovation set to disrupt the travel industry, ultimately helping JetBlue chart a path toward net zero emissions. JTV supports JetBlue’s ambitious sustainability strategy and targets by investing in technology focusing on advanced methods of measuring and reducing emissions, improved environmental protections, and game-changing transportation. In 2020 JetBlue became the first U.S. airline to achieve carbon neutrality for all domestic flying, today primarily through carbon offsets while the industry builds up lower-carbon technologies to reduce direct emissions.

Universal Hydrogen is building a fuel distribution network that connects hydrogen production directly to the airplane using modular capsules that are transported using the existing freight network, avoiding the need for costly new pipelines, storage facilities, and fuel trucks. The company is also developing conversion kits to retrofit existing 40-60 passenger regional airplanes with a hydrogen fuel cell powertrain.

“Our investment in Universal Hydrogen is highly aligned with JetBlue’s environmental objectives, and this partnership allows the airline a seat at the table in the fast-developing hydrogen for aviation sector and provides valuable insight into the options, progress, and viability of hydrogen to help decarbonize aircraft operations,” said Jim Lockheed, Investment Principal at JTV.

Universal Hydrogen was founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon. First commercial flights are planned no later than 2025, with operating costs equivalent to those of conventional hydrocarbon-burning airplanes and decreasing rapidly thereafter.

“We see the near-term decarbonization of regional aviation as a first step and catalyst, setting the whole industry on a path to meeting Paris Agreement emissions targets. Hydrogen is today the only viable fuel for getting to true zero emissions in commercial aviation, and our goal is to de-risk the decision for Airbus, Boeing, and COMAC to make their next new airplane in the 2030s a hydrogen-powered one,” said Paul Eremenko, Universal Hydrogen co-founder and CEO.

The financing was led by Playground Global, and other investors include Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

About JetBlue Technology Ventures

JetBlue Technology Ventures invests in and partners with early stage startups innovating in the travel, transportation, and hospitality industries. The company prioritizes investments that advance the seamless customer-centric journey; technology powered customer service; the future of operations and maintenance; distribution, loyalty, and revenue management; and evolving regional travel. Founded in 2016, JetBlue Technology Ventures is a wholly-owned subsidiary of JetBlue (NASDAQ: JBLU) and is located in Silicon Valley, California. For more information, visit www.JetBlueVentures.com.

About Universal Hydrogen

Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.

Media:
JetBlue Technology Ventures
Sarah Mattina
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JetBlue Corporate Communications
Tel: +1 718 709 3089
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TORONTO--(BUSINESS WIRE)--Li‑Cycle Corp. (“Li‑Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the largest lithium-ion battery recycler in North America, announced the voting results from its special meeting of shareholders (the “Meeting”) held on April 22, 2021 concerning the proposed business combination (the “Business Combination”) of Li‑Cycle and Peridot Acquisition Corp. (“Peridot”), a special purpose acquisition company, as announced on February 16, 2021. At the Meeting, shareholders were asked to consider and, if deemed advisable, pass a special resolution (the “Arrangement Resolution”) approving a plan of arrangement (the “Arrangement”) under section 182 of the Business Corporations Act (Ontario) pursuant to which a newly formed and wholly‑owned subsidiary of Li‑Cycle will amalgamate with Peridot to form “Li‑Cycle Holdings Corp.” (“Newco”) and Newco will subsequently acquire all of the issued and outstanding common shares of Li‑Cycle in exchange for common shares of Newco.

A total of 2,316,070 of Li‑Cycle’s common shares and Class A preferred shares (representing approximately 96.83% of the issued and outstanding voting shares of Li‑Cycle as of the record date for the Meeting) were represented in person or by proxy at the Meeting. Shareholders overwhelmingly approved the Arrangement.

The Arrangement Resolution was approved by 100% of the votes cast by shareholders present in person or represented by proxy at the Meeting.

The Arrangement Resolution required the approval of at least two‑thirds of the votes cast by the shareholders present in person or represented by proxy at the Meeting.

Li‑Cycle intends to apply for a final order from the Ontario Superior Court of Justice (Commercial List) (the “Court”) with respect to the Arrangement on April 30, 2021. Closing of the Business Combination remains subject to approval of the Business Combination by the shareholders of Peridot and other customary closing conditions, including the approval of the Court referred to above. Assuming the satisfaction of these closing conditions, the Business Combination is expected to be completed in the second quarter of 2021.

ABOUT LI‑CYCLE CORP.

Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, please visit https://li-cycle.com/.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed transaction involving Li-Cycle and Peridot, Newco has prepared and filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the “Proxy Statement/Prospectus”). Once effective, Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.

Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot’s website at www.peridotspac.com or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

PARTICIPANTS IN THE SOLICITATION

Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed Business Combination. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed Business Combination, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Li-Cycle, Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

CAUTION CONCERNING FORWARD‑LOOKING STATEMENTS

Certain statements contained in this communication may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction involving Li-Cycle and Peridot and the ability to consummate the proposed transaction. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed transaction or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that other anticipated benefits of the proposed transaction will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed transaction; (v) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed transaction that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports filed with the SEC, including Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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Energy storage in the form of batteries or geothermal and hydrogen technology could greatly reduce the emissions of CO2 that cause climate change, says former EnviroSolar CEO Abe Issa

DALLAS--(BUSINESS WIRE)--Energy storage can reduce climate change by reducing waste. Scientists warn that it’s important to keep global warming below 2 degrees Celsius. Energy storage is one way to speed up the goal to reduce climate change before 2050. Therefore, innovations are needed to garner support and implement solutions, says Abe Issa, former CEO of EnviroSolar Power, a sustainability-based company.

EnviroSolar Power Praises Efficient Energy Storage Options that Reduce Emissions

Globally, companies and individuals can use energy storage to reduce emissions related to cooling and heating, says Abe Issa of EnviroSolar Power. Within each community, people can develop flexible energy sources by consuming locally sourced energy.

EnviroSolar plans to invest in energy storage that will bring opportunities for entrepreneurs and individuals wishing to work in the sustainability industry. These solutions might include anything from virtual power plants to charging stations.

Types of Energy Storage that EnviroSolar Believes Make Sense

Battery storage, geothermal storage, and hydrogen storage are three ways that energy can be stored for future use. However, the technology has not yet caught up to the concept.

Battery storage that provides high energy concentration at affordable rates could reduce the environmental impact of disposable batteries and other energy sources. These batteries could travel from the lab to store shelves in about 10 years. Abe Issa, the former CEO of EnviroSolar Power, says that this will be a great way for consumers to lower their carbon footprint simply by buying efficient batteries.

Geothermal storage tends to bring to mind Icelandic geysers harnessed by the locals for cheap power sources. However, geothermal energy provides a great way to reduce heating and cooling bills throughout the world. This technology uses energy from the center of the earth to preheat or precool air so that you are HVAC system doesn't have to work so hard. This reduces your energy bill and CO2 emissions that heat up the planet. EnviroSolar is excited about the prospect of storing solar energy underground.

The temperature underground remains constant year-round throughout most of the world. typically, underground temperatures are lower than summer surface temperatures and higher than winter surface temperatures. This temperature difference makes geothermal energy a potent resource to conserve energy, especially in moderate and northern climates.

Hydrogen energy storage has to battle the perception that hydrogen technology is dangerous. However, hydrogen is no more dangerous than the petroleum that fuels the world by burning up the atmosphere. Like any energy source, following standard safety protocols can prevent accidents and other risks.

Hydrogen hasn't been widely adopted despite the fact that it disperses rapidly when used as an energy source and it produces water vapor when burnt. Currently, scientists are struggling to find an emissions-free way to produce hydrogen as a truly clean energy source.

Abe Issa, the former EnviroSolar CEO, believes that these energy storage sources are a great investment for businesses who want to invest in the future of the planet and get in on the ground floor of these emerging technologies.

EnviroSolar Looks Forward to Cities that Widely Used Stored Energy

E-mobility vehicles and devices include electric cars, electric scooters, electric bikes, and similar items. EnviroSolar looks forward to the day when these machines run on hydrogen or efficiently stored electricity.

About EnviroSolar Power

EnviroSolar employs a network of partners who installed thousands of systems in 2018. Since its founding in 2016, the company has originated several thousand solar systems. EnviroSolar Power was founded on the principle of helping homeowners transform their homes into self-sustaining, solar energy machines. Not only do they strive to reduce the consumption of each home, but they also strive to give homeowner's a more valuable way to pay for power. The company is the first nationwide solar developer that has integrated a smart home offering at scale to its customers.

Margaret Vazquez / Media Relations
EnviroSolar
817-213-6041
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https://www.envirosolarpower.com

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its first-quarter 2021 financial results before the market opens on Friday, May 7, 2021, and host a conference call that morning for investors and analysts.

The call also will be webcast live and archived on the Investor Relations section of the Global Partners website, https://ir.globalp.com.

About Global Partners LP

With approximately 1,550 locations primarily in the Northeast, Global is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit https://www.globalp.com/.

Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800

Edward J. Faneuil
Executive Vice President, General Counsel and Secretary
Global Partners LP
(781) 894-8800

Companies sign memorandum of understanding to increase public awareness, pursue joint research and development and explore a supply agreement

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) and Southwest Airlines (NYSE: LUV) have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development. The memorandum of understanding also sets the framework to explore a future supply agreement involving Phillips 66’s Rodeo Renewed project in California and highlights the commitment by both companies to a sustainable energy future.

Sustainable aviation fuel, or SAF, is a lower carbon-intensity fuel that can be produced from renewable feedstocks such as waste oils, fats, greases and vegetable oils. It is a drop-in fuel, meaning it can be used in existing aircraft engines and airport fuel infrastructure.

“Phillips 66 has a long history of driving innovation in the commercial and general aviation industry,” said Brian Mandell, Executive Vice President of Marketing and Commercial for Phillips 66. “We are excited to work with Southwest Airlines to find ways to help achieve its lower-carbon goals and to develop a path forward for sustainable aviation fuel that benefits all segments of the industry.”

Phillips 66 is a major U.S. refiner and supplier of jet fuel and aviation gasoline. The memorandum of understanding aims to leverage the company’s expertise in refining, distribution and technical commercialization of transportation fuels as well as its portfolio of renewable energy projects.

The latter includes Rodeo Renewed, the proposed conversion of the San Francisco Refinery in Contra Costa County, California, into one of the world’s largest renewable fuels facilities, capable of producing an initial 800 million gallons per year of renewable fuels. The project, subject to permits and approvals, is expected to be completed in early 2024.

“Southwest Airlines welcomes projects like Phillips 66’s proposed Rodeo refinery conversion to scale up the SAF industry, bringing lower-carbon SAF to market in meaningful quantities and thus helping Southwest meet our carbon-reduction goals,” said Stacy Malphurs, Southwest’s Vice President of Supply Chain Management & Environmental Sustainability. “Given Southwest’s extensive operations in the Bay Area and throughout California, we’re ideally positioned to benefit from any SAF production by Phillips 66 at Rodeo.”

Southwest is the largest carrier of air travelers to, from and within California. Its operations in the state include a major East Bay hub at Oakland International Airport. The carrier is a member of Airlines for America, the industry trade organization representing the leading U.S. airlines that last month announced the commitment of its member carriers to work to achieve carbon neutrality by 2050. The pledge includes efforts to advance the rapid expansion and deployment of SAF to make 2 billion gallons available to U.S. aircraft operators by 2030.

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of Dec. 31, 2020. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

^{CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995}

^{This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized, and involve risks and uncertainties, many of which are beyond Phillips 66’s control, including but not limited to regulatory approvals and market conditions. A discussion of factors that may affect future results is included in Phillips 66’s filings with the Securities and Exchange Commission. Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.}

Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Bernardo Fallas (media)
855-841-2368
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SAN JOSE, Calif.--(BUSINESS WIRE)--$BE--Bloom Energy (NYSE: BE) today announced the appointment of international leadership to strengthen its global expansion efforts, enhance competitive positioning and support deployment of its fuel-flexible, clean energy technology. The company also announced the opening of a new office in Dubai, United Arab Emirates that will serve as a strategic global anchor to help organizations around the world reduce carbon emissions, enhance resiliency and chart a path toward a net-zero carbon future.

The new appointments are pursuant to Bloom Energy’s strategic growth plan previously disclosed during its 2020 Analyst Day and intended to unlock value by sharpening focus on new global markets and to position the company for profitability and growth.

Appointments include:

• Adam Bacon: An experienced executive, with extensive background in growing successful businesses and multi-disciplinary teams in industrial sectors, Mr. Bacon will oversee Bloom Energy’s expansion into Australia. He has held a number of notable leadership positions in the energy and transportation industries, where his command of sales negotiation, operational leadership, and contract and project management have fostered profitable growth.

• Philippe Cochet: Mr. Cochet will advise Bloom Energy’s commercial strategy across Europe, with an initial focus on the United Kingdom, France, Italy, Spain and Portugal. His career in business leadership, production and manufacturing spans more than two decades, including senior management roles at the world’s leading renewables, energy and technology companies.

• Benjamin Gaszynski: An international business leader with 15 years of experience in the oil and gas, renewable energy and environmental sectors, Mr. Gaszynski will be responsible for the company’s expansion into Southeast Asia, with an initial focus on Thailand, Singapore and Malaysia. Mr. Gaszynski’s background includes substantial experience in developing, managing and rapidly growing multi-million-dollar energy business units across Asia and the Middle East.

• Mohammed Ali Khan: Mr. Ali Khan assumes the role of senior director, international business development, where he will spearhead Bloom Energy’s global market research as well as commercial sales and partnerships in the Middle East and North Africa. He counts more than two decades of experience in the energy sector, having held roles in finance, business and commercial development at major industrial companies.

• Yves Rannou: A seasoned business leader with a proven track record for driving growth, turnarounds and restructuring at international businesses in the renewables industry (including wind, solar and hydro), Mr. Rannou will lead Bloom Energy’s commercial strategy across Europe, with an initial focus on France, Italy, Spain and Portugal.

• Stephan Reimelt: Mr. Reimelt will be responsible for managing Bloom Energy’s commercial partnerships and development in Germany. He brings a wide range of industry and entrepreneurial experience from the world’s leading energy companies, where he has led successful business transformations and accelerated organizational growth. He is also an engineering professor at the Technical University of Berlin.

• Rasheed Sulaiman: Mr. Sulaiman assumes the role of vice president of international commercial operations and product applications and will lead strategic business opportunities in Africa. He is an accomplished energy sector executive with a robust background in engineering, sales and commercial operations. He also has a notable record of driving growth and operational optimization across the Middle East and Africa.

The appointees, who have held leadership roles at prominent energy, transport and technology companies such as Alstom, Samsung, Baker Hughes and GE, will report to executive vice president, international business, Azeez Mohammed. Mr. Mohammed’s leadership experience spans 27 industry segments including power, oil and gas, marine, renewables and metals/mining across the Americas, Europe and the Middle East. He brings more than two decades of experience in the energy, industrial, and technology sectors and has led multiple standalone industrial businesses with billions of dollars in revenues.

“We are thrilled to welcome this team of international industry veterans to Bloom Energy,” said Azeez Mohammed. “They each bring vast experience in energy and technology industries and valuable perspectives and relationships that will help us unlock new global markets, foster sustainable growth and attract unparalleled talent. International markets are ready for Bloom Energy’s innovative, clean technologies that will help chart a path toward a sustainable and resilient energy future, and our initial discussions with potential partners are promising. By leveraging trusted partners to grow our global footprint, we can focus on what we do best – innovating to deliver best-in-class products and services to our customers.”

Bloom Energy’s technology is the most advanced thermal electric generation technology on the market today. Bloom Energy’s fuel-flexible, non-combustion fuel cells use biogas and hydrogen, in addition to natural gas, to create electricity at significantly higher efficiencies than traditional, combustion-based resources. In addition, Bloom Energy’s fuel cell technology can be used to create hydrogen, which is increasingly recognized as a critically important tool necessary for the full decarbonization of the energy economy.

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom Energy’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, Bloom Energy’s ability to unlock value by sharpening its focus on new global markets and position itself for growth; and Bloom Energy’s ability to successfully grow its global footprint. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section of Bloom Energy’s Annual Report on Form 10-K for the year ended December 31, 2020 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.

Media Relations:
Jennifer Duffourg
Bloom Energy
+1 (480) 341-5464
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Investor Relations:
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With products ranging from its AxFAST 3202 Portable Electric Vehicle Charger to its various docking stations requiring little power consumption, Accell remains committed to manufacturing high-quality, environmentally friendly solutions

FREMONT, Calif.--(BUSINESS WIRE)--#accellcables--Accell, a provider of innovative power products and enhanced connectivity solutions, celebrates this year’s Earth Day by highlighting several products from its Amazon storefront, including its AxFAST® 3202 Level 2 Portable Electric Vehicle Charger (EVSE), Universal Laptop Docking Station, the Accell Air™ USB-C 4K Driver-Less Dock, the Accell Driver-Less USB-C 4K Docking Station and the Accell Thunderbolt 3 Docking Station.

“Accell and BizLink have always been committed to manufacturing innovative products that not only meet the needs of customers, but reduce the carbon footprint by consuming less energy,” stated Tenny Sin, vice president of sales and marketing, Accell. “As we celebrate Earth Day, we encourage our customers to enjoy our products and to pursue actions that contribute to environmental change.”

Accell’s products are manufactured by the BizLink Group, who has collaborated with several world-famous companies regarding the control of dangerous matters related to environmental protection technology. BizLink established the BizLink Environment Technical Standards to abide by related laws and rules, including ROHS 2.0, in order to produce high-quality products. BizLink’s environmental protection policy honors stopping and preventing environment pollution, implementing the requirements of environmental protection laws, as well as remaining devoted to protecting the environment.

For more information about Accell’s selection of environmentally friendly products, please visit https://www.accellww.com.

About ACCELL Corporation

Built on a customer-centric and technologically advanced foundation, Accell is focused on providing user friendly designs, quality products and bringing value to its customers. The company’s product lines span various categories, including innovative IT products, Accell Power products, enhanced connectivity solutions, and the AxFAST EVSE Electric Vehicle Charger family of products. Partnering with our customers, Accell recently launched the USB-C to HDMI 2.0 Adapter that is CEC enabled for the Google Hangouts Meet Kit.

Based in the heart of Silicon Valley, with a large group of dedicated scientists, design engineers, and experienced sales and marketing professionals, as well as a dedicated US-based Support team, Accell is quickly becoming a world leader in delivering high-quality and affordable connectivity and power products. Sharing the same goals with our parent company BizLink, together we believe that in order to achieve sustainable development while growing our core business, we must also do right by the environment, and fulfill our corporate social responsibilities. BizLink has communicated its endeavors and achievements towards sustainability in the economy, the environment, and society through its CSR report since 2017 and has been awarded America’s Most Responsible Companies of 2021.

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

Press Contact:
Megan Saulsbury
Canyon PR
(408) 857-9527
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Milestone Solidifies Position as the Smart Capital Financing Source for Property Owners Seeking to Upgrade and Improve Their Assets

Ygrene has Funded $30 Million in Recapitalization Projects, Enabling Property Owners Much Needed Financial Flexibility During the Pandemic

PETALUMA, Calif.--(BUSINESS WIRE)--Ygrene, the nation’s leading PACE (Property Assessed Clean Energy) provider, announced today that it has surpassed $200 million in Commercial PACE (C-PACE) projects since inception in March of 2013. This milestone -- which represents more than 1,400 projects – 55% of all C-PACE transactions funded nationally - solidifies Ygrene’s position as the smart capital and long-term financing source for commercial property owners for energy and water efficiency, renewable energy and resiliency improvements across the country.

In the last year, C-PACE projects funded by Ygrene covered a wide array of commercial property types – from multi-million dollar solar and energy efficiency projects in the California industrial and hospitality sectors to religious properties in Florida. Across the country, owners of a wide array of commercial property types are increasingly utilizing PACE to finance both new projects and refinance previously completed ones at a lower cost of capital.

“Today’s announcement is a significant step for Ygrene but it’s an even more important milestone for the 1,400 property owners Ygrene has worked with to deliver smart and innovative financing solutions designed to support the growth and development of businesses across dozens of industries. In today’s pressurized economic environment, property owners across the country are struggling to find creative, long-term and low-cost financing options. We are gratified to partner with these companies and support environmentally-responsible funding solutions,” said This email address is being protected from spambots. You need JavaScript enabled to view it., CEO and President of Ygrene,

Ygrene also announced that it has completed $30 Million in C-PACE recapitalization transactions. The recapitalization financing product allows property owners to retroactively finance recently completed eligible improvements and recover cash for liquidity, reserves, and further investment.

“We are excited about the success of our recapitalization financing product, which has proven to be a lifeline for many property owners struggling during the pandemic and seeking to improve their balance sheet and free up available cash. It also enables owners to make additional investments and deeper retrofits in hurricane resiliency, energy efficiency, and renewable energy improvements. Our pipeline is strong across property type, deal size and geography and our customers appreciate Ygrene’s speed to close and high-touch customer service,” said This email address is being protected from spambots. You need JavaScript enabled to view it., Senior Vice President, Commercial of Ygrene.

Over the past decade, PACE has become a proven solution to help combat the impacts and costs of natural disasters and climate change, while creating jobs and providing substantial positive economic impact boosting local and state economies. Specifically, C-PACE projects financed by Ygrene across the nation are estimated to have created more than 2,700 jobs and created more than $374 million in local economic stimulus, all while reducing lifetime carbon emissions by an estimated 414,000 metric tons.

About Ygrene

Ygrene's award-winning PACE program, with built-in consumer protections, is delivering greater choice for home and business owners by providing accessible and affordable financing for energy efficiency, resiliency, renewables, water conservation, storm protection, and seismic upgrades. Recognized as one of the fastest-growing asset classes in the country, PACE has proven to be a successful tool for supporting public policy initiatives, all without the use of public tax dollars or credits. By providing over $2.3 billion of private capital to over 100,000 commercial and residential property owners in more than 600 local communities, Ygrene has created tens of thousands of jobs and invested millions into local economies across the U.S. Learn more at ygrene.com.

Elliot Sloane
ThroughCo Communications
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917-291-0833

SACRAMENTO, Calif.--(BUSINESS WIRE)--#PVinstall--The city in the first paragraph, first sentence should be Herald, CA (instead of Hemet, CA).

The updated release reads:

SOL COMPONENTS SERVES AS KEY SUPPLIER FOR 213MW PV PROJECT

SOL Components, a leading producer of cost-effective designs for solar module mounting systems, announced today the successful construction of its Ground Fixed Tilt (GFT) mounting system in support of a 213MWp (DC) solar PV project near Herald, CA. The project utilizes solar PV to replace electricity capacity previously provided by a nuclear power plant that ceased operation in 1989.

SOL Components’ roll-formed steel components support more than 500,000 solar panels at the site, which is one of the largest ground mounted fixed-tilt solar PV projects in the western United States. SOL Components was selected to support the project because of its expertise with utility-scale solar projects, and the benefits and advantages of their end-to-end PV structural systems. SOL Components’ light gauge roll-formed steel piles and racking components reduce overall steel weight while providing optimum structural integrity, which greatly reduced the developer’s racking costs. The site was developed on steep, undulating terrain necessitating a system with the flexibility to adapt to varying site constraints. SOL Components was able to deliver a racking system that not only easily adapted to variable slope, but also provided flexibility in dealing with unforeseen site challenges.

Mike Fraenkel, SOL Components President and General Manager stated: “SOL Components continues to grow rapidly and take market share in the utility-scale PV racking space, and this 213MW project is a perfect example where our cost-optimized GFT solution and superior support services enable success for our customers. Not every racking provider can meet the challenging terrain, tightly coordinated material delivery, and site support requirements this project required – it’s what we do best.”

About SOL Components

SOL Components was founded in 2015 with the purpose of simplifying solar mounting solutions and reducing the associated project costs and complexity. Leveraging over 40 years in steel manufacturing and an in-house engineering department that works directly with owners, designers, and contractors to facilitate efficient project execution, the SOL Components team has the experience to deliver the project on time and under budget. The mission of their team of highly motivated engineers and manufacturing experts is to develop and produce innovative products for the renewable energy, building and construction industries using roll formed light gauge steel.

Company:
Kris Jernstedt
SVP Commercial Operations
P: 925-980-1818
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Agency:
Jason Isberg
Managing Partner, Speedway Communications
P: 415-269-9784
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its first quarter 2021 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, May 4, 2021.

A conference call is scheduled for Wednesday, May 5, 2021, at 9:00 a.m. Central Time to discuss the first quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.

Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.

Telephone: Dial (800) 353-6461 confirmation code 9438510 five minutes before the call. View the presentation via Pioneer’s internet address above.

A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through June 1, 2021. To register and access the replay, Click Here and enter confirmation code 9438510.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.

Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Greg Wright – 972-969-1770

Media and Public Affairs
Tadd Owens – 972-969-5760

OMAHA, Neb.--(BUSINESS WIRE)--At a ribbon cutting ceremony today, Valmont Industries, Inc., a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, celebrated the interconnection of its first one-megawatt solar field at its manufacturing facility in Valley, Nebraska.

“We are excited to improve our sustainability performance with the interconnection of this solar field, which is expected to produce 1.7 gigawatt hours of grid-independent power annually for our Valley facility,” said Stephen G. Kaniewski, President and Chief Executive Officer. “Using our own Valmont solar tracker technology, the field will provide the Valley campus with six percent of its electricity needs.”

The new solar array is the largest privately-owned, behind-the-grid solar field in Nebraska, spanning 4.3 acres. Forty-five tracker tables supplied by Convert, a Valmont company, make up the array, featuring advanced technology that adjusts the angle of solar panels to the ideal orientation for renewable energy generation. Created with weather and natural disaster mitigation in mind, the array’s transformers and inverters are raised seven feet above the ground to guard against flooding and include railing and access systems galvanized at the Valmont Coatings facility in Valley to ensure long-term structural resiliency.

Valmont’s employees and leadership team hosted the ribbon cutting event with local community leaders, business partners, Omaha Public Power District CFO Javier Fernandez, and representatives from Interconnection Systems Inc., who installed the array, attending as guests. Governor Pete Ricketts and Valley Mayor Cindy Grove were also present to give remarks celebrating the occasion.

“Valmont continues to grow the Good Life by investing in Nebraska,” said Governor Pete Ricketts. “The newly built solar field in Valley showcases Valmont’s innovation and contributes to the diverse energy resources we have in our state.”

Kaniewski continued, “We are proud to operate the largest solar field of this kind in the state of Nebraska, and commemorate this achievement safely with our community. Valmont has a 75-year history of conserving water, energy and raw materials and this latest achievement reinforces our commitment to innovating with sustainability in mind. Our goal is to conserve resources so that we can continue providing products and services that enhance the lives of customers, employees and communities locally and world-wide.”

About Valmont Industries, Inc.

Valmont^® is a global leader, designing and manufacturing engineered products and services that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improves farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service lives of steel and other metal products. For more information, visit valmont.com.

Jessica Valdez
+1.531.201.1544