TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.’s (NYSE: HP) fiscal second quarter 2021 earnings release, you are invited to listen to its conference call on Friday, April 30, 2021, at 11:00 a.m. (ET) with John Lindsay, President and CEO; Mark Smith, Senior Vice President and CFO; and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast.

If you are unable to listen during the live webcast, the call will be archived for 365-days on Helmerich & Payne, Inc.’s website at http://www.helmerichpayne.com under “News & Events – Event & Presentations,” which can be accessed through the “Investors” section of the website.

About Helmerich & Payne, Inc.

Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.

Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.

Dave Wilson, This email address is being protected from spambots. You need JavaScript enabled to view it., 918-588-5190

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, April 30, 2021 at 11:00 a.m. ET (8:00 a.m. PT).

Conference Call Information:
Date: Friday, April 30, 2021
Time: 11:00 a.m. ET / 8:00 a.m. PT
Dial-in # (Listen-only mode): 929-477-0449 or 888-220-8440
Conference ID #: 7513257

Speakers:
Pierre Breber – Vice President and Chief Financial Officer
Roderick Green – General Manager, Investor Relations

To access the live webcast, visit www.chevron.com.

The meeting replay will also be available on the company website under the “Investors” section.

Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces, and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

Media Contact:
Sean Comey
+1 (925) 842-5509

Signaling a new wave of Japanese interest in NuScale Power, JGC HD will support future deployments of NuScale SMRs

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power today announced that it has finalized an investment and strategic partnership agreement with JGC Holdings Corporation (JGC HD), a holding company of the world's leading EPC contractor group companies headquartered in Japan. As part of a commercial relationship with Fluor Corporation – NuScale’s majority investor and EPC partner in the United States – JGC HD will provide a $40 million cash investment in NuScale Power and partner with Fluor on the deployment of NuScale Power Plants.

Today’s announcement signals the first commercial relationship and investment in NuScale Power from a Japanese-based company and is indicative of growing Japanese and global interest in NuScale’s groundbreaking small modular reactor (SMR) technology.

“JGC HD’s investment and partnership with NuScale Power is a welcome endorsement of our SMR technology and its international viability,” said NuScale Chairman and Chief Executive Officer John Hopkins. “NuScale looks forward to demonstrating how our cleaner and safer advanced nuclear technology can bring numerous benefits – economic and environmental – to countries around the world as they seek innovative solutions to complete a clean energy transition.”

“The JGC Group embraces the goal of ‘Carbon Neutral in 2050’ as committed by the Japanese government last year,” said Tadashi Ishizuka, Representative Director, President and COO of JGC Holdings Corporation. “Our investment in NuScale technology, with its enhanced safety features, will enable JGC to expand our EPC business and deliver a zero carbon resource to the growing demand of global energy market.”

NuScale’s SMR made history in August 2020 as the first and only design to ever receive approval from the U.S. Nuclear Regulatory Commission and maintains strong momentum towards the commercialization of its SMR technology by the end of this decade. NuScale and Fluor are currently working for Utah Associated Municipal Power Systems (UAMPS) to bring the world’s first clean energy, carbon-free SMR project to commercialization.

NuScale Power continues to field growing domestic and international customer interest from those who see the NuScale power plant as a long-term solution for providing reliable, safe, affordable, and operationally flexible carbon-free energy for diverse applications. NuScale has signed and announced agreements with entities in the U.S. and internationally.

​​​​About NuScale Power

NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—power plants that can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 70-year history in commercial nuclear power.

NuScale is headquartered in Portland, OR, and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale Power’s website.

About JGC Holdings Corporation

JGC Holdings Corporation is a holding company comprising world-leading EPC contractor group companies as well as functional materials manufacturing companies. JGC Corporation, its main subsidiary, is an overseas EPC contractor committed to delivering a complete range of project services to our clients, while providing safe and cost-effective project execution. Since its founding in 1928, the JGC Group has executed some 20,000 projects of all sizes across the globe for the oil refining, LNG, petrochemical, power, nuclear, pharmaceutical, and mining industries.

Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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(C) (503)-270-9329

Akihiro Yamagami, Manager, Corporate Communication Group, JGC Holdings Corporation
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FORT WORTH, Texas--(BUSINESS WIRE)--Double Eagle III Midco 2 LLC (the “Company” or “Double Eagle”), wholly owned by DoublePoint Energy, LLC (“DoublePoint”), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer"). This transaction is valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and approximately $0.9 billion of debt and liabilities. The transaction was unanimously approved by the Board of Directors of each company and is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approvals. Double Eagle is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO), Quantum Energy Partners, Magnetar Capital, and Blackstone Credit.

Transaction Details

Pioneer will issue approximately 27.2 million shares of common stock in the transaction with an additional $1 billion of cash. After closing, existing Pioneer shareholders will own approximately 89% of the combined company and existing DoublePoint owners will own approximately 11% of the combined company. Pioneer plans to finance the cash portion of the purchase price through a combination of cash on-hand and existing borrowing capacity under its revolving credit facility.

The transaction is structured as the acquisition by a Pioneer subsidiary of 100% of the limited liability company interests of DoublePoint’s wholly owned subsidiary, Double Eagle III Midco 1 LLC.

Cody Campbell and John Sellers, Co-CEO’s of DoublePoint said, “We are proud and appreciative of the work that our team has done to build a company and an asset base that is unparalleled in quality and truly cannot be replicated. We are honored to have the opportunity to combine our business with Pioneer, who we have long admired and regard as the premier operator in the Midland Basin. The fit and the synergies are clear, and we look forward to working with Pioneer to continue creating value.”

Geoffrey Strong, Senior Partner and Co-Head of Infrastructure and Natural Resources of Apollo, commented, “The combination of Pioneer and DoublePoint is compelling from both a financial and operational standpoint and a natural fit for DoublePoint. This acquisition continues the trend of consolidation in the prolific Permian Basin, combining two complementary footprints in a transaction with both top- and bottom-line synergies.”

Dheeraj Verma, President of Quantum Energy Partners added, “Quantum feels very fortunate to have had the opportunity to partner with John, Cody, Josh, Blake, Garrett and their team. Double Eagle built a truly world-class business through strong execution and unmatched creativity. Additionally, we are excited to be shareholders in Pioneer as we are firm believers in their strategy of free cash flow generation that enables a competitive base and strong variable dividend.”

Advisors

J.P. Morgan Securities LLC is serving as lead financial advisor to Double Eagle and sponsors, with Citi and RBC Capital Markets also acting as financial advisors. Vinson & Elkins LLP and Alston & Bird LLP are serving as legal advisors to Double Eagle.

About DoublePoint

DoublePoint is a Fort Worth, Texas based upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. DoublePoint is backed by equity commitments from funds managed by affiliates of Apollo Global Management, Inc., Quantum Energy Partners, Magnetar Capital, and Blackstone Credit.

About Apollo Global Management, Inc.

Apollo is a leading global alternative investment manager with offices in New York, San Diego, London, Houston, Bethesda, Los Angeles, Frankfurt, Luxembourg, Madrid, Singapore, Hong Kong, Tokyo, Shanghai, Delhi, and Mumbai. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in its various affiliated private equity, credit, and real estate funds. For more information about Apollo, please visit www.apollo.com.

About Quantum Energy Partners

Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $17 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

About Magnetar Capital

Founded in 2005, Magnetar is a leading alternative asset manager with approximately $12.9 billion in assets under management as of January 2021. Magnetar's Energy and Infrastructure Group has actively invested in the North American energy and infrastructure sector for 15+ years and has committed over $6 billion across more than 60 private energy, infrastructure and renewables investments. The firm is based in Evanston, Illinois and has offices in London and Houston.

Forward-Looking Statements

This press release contains forward-looking statements based on Double Eagle’s current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as “believes,” “will,” “expects,” “anticipates,” “intends” or similar words or phrases. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. No forward-looking statement can be guaranteed. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement.

Patrick Leach
Corporate Development – Investor Relations
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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that JGC Holdings Corporation of Japan invested $40 million into NuScale Power LLC, a leading small modular nuclear reactor (SMR) technology company in which Fluor is the majority investor. In addition to JGC’s ownership interest, JGC will become a global strategic engineering, procurement and construction (EPC) partner for new SMR projects.

“This new ownership stake and partnership with JGC is aligned with Fluor’s long-term strategy to bring aboard new strategic investors to NuScale as the U.S. and international demand for new carbon-free base-load energy grows,” said Alan Boeckmann, executive chairman, Fluor Corporation. “Fluor has been collaboratively executing projects with JGC for more than 10 years and we believe JGC is an ideal partner for effectively bringing this innovative carbon-free energy transition solution to realization.”

Fluor and NuScale are currently working for Utah Associated Municipal Power Systems (UAMPS) to bring the world’s first carbon-free SMR project to commercialization.

In addition to previously announced strategic partners and investors in NuScale, both Fluor and NuScale continue to engage with potential customers, capital investors, manufacturers and other supply chain partners for NuScale SMR deployment efforts.

Fluor has been serving the nuclear industry for more than 70 years including the design and construction support for more than 25 nuclear plants, plus nearly 100 million hours of nuclear operations and maintenance work.

About JGC Holdings Corporation

JGC Holdings Corporation is a holding company comprising world-leading EPC contractor group companies as well as functional materials manufacturing companies. JGC Corporation, its main subsidiary, is an overseas EPC contractor committed to delivering a complete range of project services to our clients, while providing safe and cost-effective project execution. Since its founding in 1928, the JGC Group has executed some 20,000 projects of all sizes across the globe for the oil refining, LNG, petrochemical, power, nuclear, pharmaceutical, and mining industries.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.7 billion in 2020 and is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

Brian Mershon
Media Relations
469.398.7621

Jason Landkamer
Investor Relations
469.398.7222

KIYOSU, Japan--(BUSINESS WIRE)--Toyoda Gosei Co., Ltd. (TOKYO: 7282) has formulated new medium and long-term CO₂ reduction targets it calls “Targets 50 & 50.” It has also set CO₂ reduction targets in its 7^th Environmental Action Plan¹ covering the five years until 2025, and is accelerating efforts for decarbonization.

In moving toward carbon neutrality, Toyoda Gosei set the target of zero CO₂ emissions by 2050 in its TG 2050 Environmental Challenge. As a milestone on the way to that goal, it aims to cut CO₂ emissions in half by 2030 compared with FY2015 levels. A major part of that effort will be to increase the use of electricity from renewable sources to 50%. These are Toyoda Gosei’s Targets 50 & 50—a 50% decrease in CO₂ emissions and 50% renewable energy use. The company is introducing power facilities that use green energy sources and energy-saving production equipment at each plant, implementing production technology innovations such as more compact equipment, and developing products for electric vehicles to increase efficiency. As a target for 2025, it aims to cut CO₂ emissions by 25% (compared with FY2015 levels) based on the 7^th Environmental Action Plan.

To fulfill its responsibility to explain the risks and opportunities brought about by climate change for its business to stakeholders, the company has completed disclosure of recommended items² based on the proposals of the Task Force on Climate-related Financial Disclosures (TCFD).³

To help stakeholders better understand Toyoda Gosei’s efforts in this area, the company held an ESG briefing for institutional investors on April 5.

Toyoda Gosei will continue to make its business activities more environment-friendly in helping to bring about a sustainable society.

Toyoda Gosei Co., Ltd.
Contact: Yusuke Kawahito
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HOUSTON--(BUSINESS WIRE)--#DNOW--NOW Inc. (NYSE: DNOW) announced the closing of its acquisition from GR Energy Services, a portfolio company of Pine Brook, of substantially all of the assets used in connection with its Flex Flow business, predominantly relating to the rental, sale and service of surface mounted and trailer mounted horizontal pumps, including jet pump systems.

Transaction Highlights:

• Flex Flow significantly expands DistributionNOW’s existing product offering with the addition of its rental product solution, comprising an industry leading fleet of 240 trailer-mounted horizontal pumping (“H-pump”) units
• The combined geographical footprint will enhance DistributionNOW’s rapid asset deployment, service and customer contact in the midstream market across the Permian, Scoop-Stack, Haynesville and Bakken plays and Canada’s Montney region
• Flex Flow’s team of highly skilled H-pump service experts complement DistributionNOW’s experienced pump service technicians, further providing customers with complete pumping solutions, allowing broader purchase or lease investment choices
• The transaction has been structured to address current market conditions with initial consideration of $90 million in cash and additional cash contingent consideration if certain profitability thresholds are achieved during the one-year period following the closing of the transaction

Flex Flow is the leading provider of H-pump solutions for fluid movement applications. Flex Flow has earned a strong reputation on H-pump expertise throughout the lifecycle of the application, through its suite of rental, permanent installation, service and support offerings. Jeff Wilhelm, Senior Vice President overseeing Flex Flow, will join DistributionNOW and continue his role leading the business.

Peter Goode, Co-Founder and Chairman of GR Energy Services said "I thank the management and staff of Flex Flow for their contribution to the growth of the GR Energy Services business over the past five years. I wish them all the best in the next chapter of the evolution of the Flex Flow business. I am confident that the expanded opportunities available to them at DistributionNOW will enable them to continue to build their business while providing them with expanded career opportunities.”

Toby Eoff, President - Process Solutions at NOW Inc., added, “I am very excited about the value we will be able to offer our customers, from expanded application options to more service offerings, as we join together two best in class, highly trained and technical service organizations. It is my belief that the combination of these two organizations, with a shared focus on the customer being priority one and investing in and supporting our employees, will create greater value for our customers and elevate DistributionNOW into the leading pump supplier of choice. We are happy to welcome the Flex Flow employees to the DistributionNOW family.”

David Cherechinsky, President and CEO of NOW Inc. commented, “This acquisition meets the criteria we have set for inorganic investment: it bolsters and further differentiates DistributionNOW in non-commoditized customer solutions, strengthens and broadens Process Solutions in the fluid handling space, enhances our offering in the midstream markets, and provides enhanced gross margins and EBITDA flow-through dynamics. I also believe the Flex Flow business will benefit from our DigitalNOW® innovation investments. I am excited to introduce the customer-enticing complementary benefits this new venture provides.”

About NOW Inc.

NOW Inc. is one of the largest distributors to energy and industrial markets on a worldwide basis, with a legacy of over 150 years. NOW Inc. operates primarily under the DistributionNOW and DNOW brands. Through its network of approximately 195 locations and 2,450 employees worldwide, NOW Inc. offers a comprehensive line of products and solutions for the upstream, midstream and downstream energy and industrial sectors. Our locations provide products and solutions to exploration and production companies, energy transportation companies, refineries, chemical companies, utilities, manufacturers and engineering and construction companies.

Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by NOW Inc. with the U.S. Securities and Exchange Commission, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.

Mark Johnson
Senior Vice President and Chief Financial Officer
(281) 823-4754

RHOME, Texas--(BUSINESS WIRE)--#Circulareconomy--A-Gas has completed the construction of its latest refrigeration separation towers at its Rhome, Texas plant, located outside of Dallas/Fort Worth. The multi-million-dollar project, which began last year, represents A-Gas’ continued commitment to deliver cutting-edge technology aimed at substantially increasing the quantity of reclaimed refrigerant gases.

The new separators are expected to be operational in April and will more than double the separation capacity at the current site. Mike Armstrong, President, A-Gas in the Americas commented: “The demand for high-quality reclaimed refrigerants grows yearly. As the United States prepares to enter its virgin HFC phasedown, this system will provide an efficient and valuable service to our customers and supply partners. Industry experts know that refrigerants saved from disposal and returned to use as reclaimed gas can make a direct contribution to the reduction in use of virgin refrigerants and help the industry manage within the limits imposed by the phasedown.”

The new equipment will enable reclamation of mixed refrigerants received from customers across the United States. Even the most complicated mixes of refrigerants, including HCFCs, HFCs, and HFOs can be separated into valuable components and reconstituted into AHRI-700 certified products through this technology. In bringing this capability online, millions of pounds of refrigerant can be safely returned to the marketplace annually.

Using reclaimed material is part of the cooling industry’s sustainable future. Through the increased recovery and reclamation of refrigerants A-Gas is putting in place the building blocks to adopt a more holistic approach. Taylor Ferranti, Vice President of Refrigerants at A-Gas noted, “This technology ushers in a new era of green refrigerants in the United States and ensures our valued customers access to a long-term, sustainable supply of reclaimed refrigerants for all of their needs, in a highly efficient, and environmentally friendly way. Our investment reflects our commitment to the circular economy, to find and recover product through our Rapid Recovery network and reprocess that material for future use.”

Taylor continues, “The use of reclaimed materials reduces the need to produce virgin refrigerants. Through utilizing existing product, we are able to minimize waste, extend product lifecycles, limit emissions and provide more environmentally conscious solutions to our customers. It’s a safe and effective means to support businesses that are looking to lower their environmental impact, while providing progressive refrigerant management in North America.”

A-Gas is leading the way in managing the refrigerant lifecycle process through its reclamation capability, while continuing to source the next generation products to support their customers who are ready to transition to an alternative refrigerant.

About A-Gas:

A-Gas (U.S.), headquartered in Bowling Green, Ohio, is a trading subsidiary of A-Gas International (headquartered in Bristol, UK) and is the World’s largest refrigerant recovery and reclamation company. The company’s core business offers environmental solutions and lifecycle management services for ozone depleting substances and global warming agents including CFCs, HCFCs, HFCs and Halons in the HVAC/Refrigeration and Fire Suppression Industries. For more information about A-Gas, please visit www.agas.com/us

Jaclyn Schilkey
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419-704-4737

BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) (“BVH”) announced today that it intends to acquire the approximately 7% of Bluegreen Vacations Corporation (NYSE: BXG) (“Bluegreen” or “BXG”) common stock not currently owned by BVH through a statutory short-form merger under Florida law. In the merger, a newly formed wholly owned subsidiary would merge with and into Bluegreen, with Bluegreen being the surviving company of the merger and becoming a wholly owned subsidiary of BVH. As a result of the merger, each share of BXG’s common stock outstanding at the effective time of the merger, other than shares beneficially owned by BVH, will be converted into the right to receive 0.51 shares of BVH’s Class A Common Stock.

BVH currently has as its sole investment its approximately 93% ownership of BXG. Additionally:

• Both BXG and BVH are New York Stock Exchange (“NYSE”) companies with identical operations. Both companies have an average trading volume of approximately 35,000 shares daily.

• The proposed merger does not result in a change of control.

• All members on the BVH Board of Directors are also board members of BXG. After the merger, any BXG directors not currently directors of BVH will join the BVH board.

The proposed merger, among other things, is anticipated to:

• Simplify the ownership structure, creating greater transparency of the value of Bluegreen as an entity.

• Allow investors to trade in a single public market thereby eliminating confusion in the public markets regarding the two public companies which own the same assets.

• Provide for greater liquidity to Bluegreen shareholders, as the public float is expected to increase.

• Eliminate one set of public company costs, currently estimated to be approximately $0.5 million to $1.0 million annually.

• Offer potential value accretion as a result of the above.

Alan B. Levan, Chairman and Chief Executive Officer of both BVH and BXG commented: “The market valuation of BVH has significantly trailed that of BXG notwithstanding BVH’s spin-off of its non-timeshare assets on September 30, 2020. Since the spin-off, BVH’s sole investment is its 93% ownership of BXG and BVH’s overhead costs are only $2.0 million annually. Further, BVH’s incremental net indebtedness as of December 31, 2020 was only $123.9 million. Shareholders of both BVH and BXG have suggested that the two companies should be merged into a single entity. However, as we evaluated this opportunity, it was difficult to determine the appropriate exchange rate for BXG and BVH shareholders due to the unexplained value difference, the volatility of both stocks, and the relatively low float of both companies. Accordingly, the Board of BVH made the determination to set the exchange ratio at the average of the volume-weighted average prices (“VWAP”) of both BXG and BVH stock for the last thirty trading days ending March 30, 2021, which they believe is fair to both BVH and BXG shareholders. We are hopeful this merger will provide efficiency in the market which should in the future ultimately result in a higher valuation of the combined company.”

BVH currently beneficially owns approximately 93% of Bluegreen’s common stock. Under Florida law, the holder of more than 80% of the outstanding shares of Bluegreen’s common stock may effect a merger without the approval of, or action by, the Board of Directors or any other shareholders of Bluegreen. Accordingly, the Board of Directors of Bluegreen has not acted to approve or disapprove the merger, and the shareholders of Bluegreen will not be asked to approve or disapprove the merger or be furnished a proxy in connection with voting on the merger. Assuming the merger is consummated, current Bluegreen shareholders who own approximately 7% of Bluegreen are expected to own approximately 2,664,000 shares of BVHs Class A Common Stock, representing 12% of the total outstanding BVH Class A and Class B Common Stock. The shares of BVH Class A Common Stock to be issued to them will be listed for trading on the NYSE.

It is expected that the merger will be effected by the end of the second quarter of 2021 following the effectiveness of BVH’s registration statement filed with the Securities and Exchange Commission (the “SEC”) with respect to the Class A Common Stock to be issued in the merger and the listing of those shares on the NYSE. A copy of the prospectus with respect to the shares to be issued in the merger will be mailed to Bluegreen’s shareholders within 10 days after the effectiveness of the merger. The merger is not subject to any financing condition. However, BVH is not under any obligation to cause the merger to be completed, and it could decide to terminate the merger, in its sole discretion, at any time before it becomes effective, including in the event of pending or threatened litigation relating to the contemplated merger.

Bluegreen Vacations Holding Corporation has prepared a six-page slide presentation outlining the proposed short-form merger. A summary of the slide presentation follows at the end of this release. Additionally, the slide presentation is also available to view at the BVH website at https://ir.bvhcorp.com/company-information/presentations and/or the BXG website at https://ir.bluegreenvacations.com/presentations.

- - -

About Bluegreen Vacations Holding Corporation: Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a Florida-based holding company whose sole investment is its approximate 93% ownership of Bluegreen Vacations Corporation (NYSE: BXG). For additional information, please visit www.BVHCorp.com.

About Bluegreen Vacations Corporation: Bluegreen (NYSE: BXG) is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 68 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. Bluegreen also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is approximately 93% owned by Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB), a Florida-based holding company. For additional information, please visit www.BluegreenVacations.com.

###

Cautionary Note Regarding Forward-Looking Statements. This 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. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements may be identified by the use of words or phrases such as "plans," "believes," "will," "expects," "anticipates," "intends," "estimates," "our view," "we see," "would" and words and phrases of similar import. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, those relating to the contemplated merger described herein, including risks and uncertainties related to the “implied value” of BVH which may not be realized in the near term or at all, risks that the merger may not be consummated when expected or at all (including that Bluegreen Vacations Holding Corporation has the right, in the sole discretion of its Board of Directors, to terminate the merger at any time before it becomes effective), and that the benefits expected from the merger may not be realized to the extent anticipated or at all. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. In addition, past performance may not be indicative of future results. Reference is also made to the risks and uncertainties regarding the businesses, operations and trading markets of Bluegreen Vacations Holding Corporation and Bluegreen Vacations Corporation which are detailed in reports filed by theme with the SEC, including the "Risk Factors" sections thereof, and may be viewed on the SEC's website at www.sec.gov. The companies caution that the foregoing factors are not exclusive. Neither company undertakes, and each of them specifically disclaims any obligation to, update or supplement any forward-looking statements.

Additional Information and Where You Can Find It. Bluegreen Vacations Holding Corporation intends to file with the SEC a Registration Statement on Form S-4, which will include a prospectus of Bluegreen Vacations Holding Corporation, to register the shares of its Class A Common Stock issuable to Bluegreen’s shareholders in connection with the merger described in this press release. INVESTORS AND SHAREHOLDERS ARE URGED TO CAREFULLY READ THE REGISTRATION STATEMENT, AND OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BLUEGREEN VACATIONS HOLDING CORPORATION, BLUEGREEN VACATIONS CORPORATION, THE CONTEMPLATED MERGER AND RELATED MATTERS. Investors and shareholders will be able to obtain free copies of the prospectus which forms a part of the Registration Statement on Form S-4 and other documents filed with the SEC by the companies through the SEC’s website at www.sec.gov. In addition, the prospectus and other documents filed by Bluegreen Vacations Holding Corporation with the SEC may be obtained free of charge in the Investor Relations section of Bluegreen Vacations Holding Corporation’s website at www.bvhcorp.com, and the documents filed by Bluegreen Vacations Corporation with the SEC may be obtained free of charge in the Investor Relations section of Bluegreen Vacations Corporation’s website at www.bluegreenvacations.com.

No Offer or Solicitation. This release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities in any jurisdiction pursuant to or in connection with the contemplated merger or otherwise, nor shall there be any sale or issuance of securities in any jurisdiction where it would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

The following is a summary of Bluegreen Vacations Holding Corporation’s slide presentation outlining the proposed short-form merger. The slide presentation is available to view at the BVH website at https://ir.bvhcorp.com/company-information/presentations and/or the BXG website at https://ir.bluegreenvacations.com/presentations.

BLUEGREEN VACATIONS HOLDING CORPORATION
TO ACQUIRE OUTSTANDING SHARES OF BLUEGREEN VACATIONS CORPORATION

Transaction at a Glance

• Bluegreen Vacations Holding Corporation (“BVH”) to issue approximately 2,664,000 shares of BVH Class A Common Stock in exchange for 5,223,283 shares of Bluegreen Vacations Corporation (“Bluegreen” or “BXG”), an exchange ratio of 0.51:1.
• As a result of the transaction, BXG would become a private, wholly owned subsidiary of BVH.
• Transaction is expected to be completed in the second quarter of 2021, subject to BVH’s right to terminate the merger at any time prior to closing, including in the event of shareholder litigation relating to the merger.
• BVH currently has as its sole investment its approximately 93% ownership of BXG. Additionally:
  • The proposed merger does not result in a change of control.
  • All members on the BVH Board of Directors are also board members of BXG. After the merger, any BXG directors not currently directors of BVH will join the BVH board.
  • Senior leadership is the same for both companies.

Strategic Rationale

• Opportunity to simplify the ownership structure, creating greater transparency of the value of Bluegreen.
• Results in one public market for the business.
• Provides greater liquidity to Bluegreen shareholders, as public float is expected to increase.
• Eliminates one set of public company costs, currently estimated to be approximately $0.5 million to $1.0 million annually.
• Offer potential value accretion of BVH to BXG valuation (see Implied Value of BVH below).

Implied Value of BVH ⁽¹⁾
(in millions except for share and per share data)

• Exchange Ratio – the Exchange Ratio was set at the average of the volume-weighted average prices (“VWAP”) of both Bluegreen (BXG) and BVH shares for the last thirty trading days ending March 30, 2021.
  
  Exchange Ratio – Bluegreen (BXG) shares to be converted at an exchange ratio of 0.51 of BVH shares. Example: 1,000 shares of Bluegreen (BXG) will be converted to 510 shares of BVH.

Incremental Net Debt of BVH ⁽¹⁾
(in millions)

Bluegreen Vacations Holding Corporation Contact Info:
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193 Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) Chairman and CEO, Tom Linebarger issued the following statement:

“Cummins supports the Business Roundtable’s recent statement on the importance of voting, and we agree “the right to vote is the essence of a democratic society.” We are active in, and support, efforts to advance voter accessibility and to make this fundamental right more broadly available. We are stronger as a nation when more people vote and are engaged in the civic process. We believe efforts to restrict voting access are discriminatory, largely aimed at our Black and brown citizens, and have no place in the inclusive communities we are committed to building.

We stand today as advocates for inclusion and equity, as we did in 1963 when our then CEO J. Irwin Miller supported Martin Luther King Jr.’s March on Washington. We have a proud and long history of advocacy for those who are marginalized and oppressed, and we will continue to speak out on their behalf. Diversity, equity and inclusion make our communities stronger and more vibrant. We call on elected officials – at the federal, state and local levels – to advance efforts to provide greater voting access. We also call on leaders of companies and communities in every state around the country to do their part to make it clear that we will not tolerate discriminatory voting practices.

Voting is a core civil rights issue, and we have been engaged in this battle far too long. We will not stop until voting is accessible to all people in our country. Anything less diminishes our democracy.”

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

Jon Mills
Cummins Inc.
Phone: 317-658-4540
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ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today announced that it has taken delivery of the Captain Henry Jackman, the fifth Equinox Class gearless dry-bulk carrier and the tenth Equinox Class vessel to join the fleet. The ship is expected to begin her voyage to Canada from the Jiangsu Yangzi-Mitsui Shipbuilding Company in China in mid-April. The vessel will cross the Pacific Ocean near the equator, transit through the Panama Canal and from there will make her way to Canada. The vessel is expected to begin trading on the Great Lakes in late June.

The Captain Henry Jackman is the most efficient vessel in Algoma’s domestic fleet. The vessel’s design, which we describe as “Equinox 3.0”, is an evolution of the original Equinox Class, incorporating improvements in cargo deadweight capacity and equipment while maintaining the numerous performance efficiencies of the original design. These improvements include innovations such as lighter weight aluminum hatch covers and the adoption of an improved twin rudder design that significantly increases the displacement of the vessel and enables the ship to achieve increased cargo capacity without requiring an increase in the vessel’s power and fuel consumption. The result is an estimated 1,200MT increased deadweight of the ship, furthering the vessel’s advantage in minimizing greenhouse gas emissions compared to competing transportation modes. As with all Equinox Class ships, the Captain Henry Jackman has a closed loop exhaust gas scrubber.

“The domestic dry-bulk segment has been our core business for over 100 years and we have invested over $500 million in sustaining that business since the launch of the Equinox Class fleet renewal plan in 2010,” said Gregg Ruhl, President and CEO of Algoma. “The arrival of the Captain Henry Jackman on the Great Lakes will be a proud moment for Algoma as we introduce our tenth and most efficient Equinox Class vessel yet, making us more than ever your marine carrier of choice,” continued Mr. Ruhl. “I would like to thank everyone from the team in China to our team here in Canada for their hard work and dedication in making this possible in the face of a global pandemic. I would also like to wish the crew on board safe sailing; let’s bring her home,” concluded Mr. Ruhl.

About Algoma Central Corporation

Algoma, the Marine Carrier of Choice™ , owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers, cement carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.

Gregg A. Ruhl
President & CEO
905-687-7890

Peter D. Winkley CPA, CA
Chief Financial Officer
905-687-7897

Or visit
www.algonet.com

RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release first quarter 2021 earnings at the close of business on Wednesday, April 21, 2021. The earnings announcement will also be available on the Company’s website at www.NewMarket.com the following day. A conference call and Internet webcast is scheduled for 3:00 pm EDT on Thursday, April 22, 2021 to review first quarter 2021 financial results.

You can access the conference call live by dialing 1-844-369-8770 (domestic) or 1-862-298-0840 (international) and requesting the NewMarket conference call. To avoid delays, callers should dial in five minutes early. A teleconference replay of the call will be available until April 29, 2021 at 3:00 p.m. EDT by dialing 1-877-481-4010 domestic and 1-919-882-2331 international. The replay passcode is 40638.

The call will also be broadcast via the Internet and can be accessed through the Company’s website at www.NewMarket.com or https://www.webcaster4.com/Webcast/Page/2001/40638 . A webcast replay will be available for 30 days.

NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.

NewMarket Corporation
Investor Relations
Brian D. Paliotti, 804-788-5555
Fax: 804-788-5688
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

TORONTO--(BUSINESS WIRE)--Li-Cycle Corp. (“Li-Cycle” or the “Company”), a commercial leader in lithium-ion battery resource recovery, today announced its participation in several upcoming investor events:

• Wells Fargo Future Mobility Conference (April 7-8, 2021)
• Wedbush Electric Vehicle Conference (April 8, 2021)
• Cormark Inflection 2021: Materials, Industrials, Agriculture and Power in an Era of Sustainability Conference (April 12-16, 2021)
• U.S. Capital Advisors’ Energy Transition Fireside Chat Series (April 15, 2021)

On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC). Upon the closing of the business combination, which is expected in the second quarter of 2021, the combined company will be named Li-Cycle Holdings Corp. Li-Cycle intends to apply to list the common shares of the combined company on the New York Stock Exchange under the new ticker symbol, “LICY.”

ABOUT LI-CYCLE

Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies^TM 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/ .

ABOUT PERIDOT ACQUISITION CORP.

Peridot Acquisition Corp. (“Peridot”) is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Peridot’s sponsor is an affiliate of Carnelian Energy Capital Management, L.P., an investment firm that focuses on opportunities in the North American energy space in partnership with best-in-class management teams. For more information, please visit https://peridotspac.com/.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed transaction involving Li-Cycle and Peridot, Li-Cycle Holdings Corp. (“Newco”) has prepared and filed with 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 transaction. 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 transaction, 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 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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DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, completed the majority interest sale of its High Pressure Solutions (HPS) Segment to the private equity firm American Industrial Partners (AIP), effective April 1. Use of Ingersoll Rand Execution Excellence (IRX) accelerated the timeline to complete the complex transaction and enabled Ingersoll Rand to over deliver on its commitment to close in the first half of 2021.

Ingersoll Rand will retain a 45% common equity interest in the business in accordance with the agreement to sell a majority interest in HPS for approximately $300 million, which the company will use to support core, sustainability-oriented growth initiatives.

This transaction significantly reduces Ingersoll Rand’s direct exposure to the upstream oil and gas market to non-material revenue exposure of <2% of total expected 2021 revenue. In addition:

• The High Pressure Solutions Segment is not included in the company’s 2021 guidance.
• Results from the High Pressure Solutions Segment will be reported in discontinued operations for the first quarter of 2021 and comparable prior periods will be recast on a consistent basis.
• Going forward, the company’s equity method earnings from the High Pressure Solutions Segment will be reported in other income in continuing operations

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.

About American Industrial Partners

American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 100 transactions and currently has more than $7 billion of assets under management on behalf of leading pension, endowment, and financial institutions. For more information on AIP, visit www.americanindustrial.com.

Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including but not limited to, statements that relate to the sale of the majority of assets of the High Pressure Solutions segment and the expected benefits of the transaction. These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Such risks and uncertainties, include, but are not limited to: our ability to fully realize the expected benefits of the transaction; negative effects of announcement or consummation of the transaction on the market price of the company’s common stock; significant transaction costs and/or unknown liabilities; general economic and business conditions that may impact the companies in connection with the transaction; unanticipated expenses such as litigation or legal settlement expenses; changes in capital market conditions; and the impact of the transaction on the company’s employees, customers and suppliers. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Additional factors that could cause Ingersoll Rand’s results to differ materially from those described in the forward-looking statements can be found under the section entitled “Risk Factors” in its most recent annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. The foregoing list of important factors is not exclusive.

Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Media:
Misty Zelent
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Investors:
Chris Miorin
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• Investments intend to establish market presence for the FiveT Hydrogen Fund and enable initial stages of activity.
• Combined investments of €260 million are part of a €1 billion Fund ambition, helping to drive development for climate change solutions and accelerate the energy transition to a net-zero future.
• Three companies each bring financial, strategic and technical expertise to help further develop the hydrogen economy.

NEW YORK, ATLANTA, HOUSTON & LONDON--(BUSINESS WIRE)--Plug Power (NASDAQ: PLUG), Chart Industries, Inc. (NYSE: GTLS) and Baker Hughes (NYSE: BKR), are announcing their intention to become cornerstone investors in the formation of the FiveT Hydrogen Fund (“FiveT” or “the Fund”), a unique new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale.

Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million), recognising the unique value proposition that FiveT will bring to the hydrogen sector. These investments enable FiveT to establish itself at the heart of the hydrogen industry and help advance a broader global mission to address climate change and accelerate the energy transition. This Euro-denominated Fund, offered only to qualifying and verified investors, has the ambition to raise a total of €1 billion from both financial and industrial investors.

The energy industry and many corporations broadly agree the hydrogen economy needs to build scale at speed to succeed and become a key part of the solution to building a net-zero global economy. Investors have an important role to play in driving success, and smart collaboration between financial and strategic stakeholders in hydrogen infrastructure can unlock the potential of the broader hydrogen economy, accelerating the pace of investment and supporting a net-zero emissions future. Plug Power, Chart Industries and Baker Hughes are early cornerstone investors in the Fund, helping it to establish its market presence and enabling the first stages of its investment activity.

The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen. Projects will aim to achieve strong infrastructure returns and deliver true sustainability for a lasting impact on environment, society and businesses. The Fund will continually seek alliances with industrial companies looking to build the hydrogen energy supply chain and form alliances to grow projects at scale.

“Plug Power established the first commercial market for fuel cells and is now building the first green hydrogen generation network across the United States,” said Andy Marsh, CEO of Plug Power. “We are now one of the original investors in the first significant fund to support funding hydrogen infrastructure projects. FiveT was an early investor in the hydrogen industry and is leveraging its knowledge and Pierre Etienne’s leadership in the industry to build the team and create the best in class infrastructure fund in this field. We believe this fund will help accelerate the construction of hydrogen infrastructure globally which will support rapid deployment of fuel cell applications.”

“After over 50 years of Chart manufacturing hydrogen equipment, we are thrilled to see the traction that hydrogen is getting as a key power source in the clean energy transition,” stated Jill Evanko, Chart’s CEO and President. “We are participating as an early investor in the FiveT Hydrogen Fund, as we believe this fund will be an important step in the acceleration of the buildout of the global hydrogen infrastructure. Why FiveT Hydrogen? We believe the coupling of Pierre-Etienne Franc’s extensive experience in building the hydrogen marketplace with other key players in the industry is a recipe for success.”

“To drive the energy transition forward requires innovative models for collaboration and investment, and new energy frontiers like hydrogen will progress faster when key players come together,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “The FiveT Hydrogen Fund will combine the financial strength as well as the strategic and technical expertise of our companies to help advance hydrogen in new ways. As an energy technology company with almost 60 years’ experience in the hydrogen space, Baker Hughes is pleased to continue our commitment to a net-zero future with our intended investment in FiveT. This is another good example of our approach to new frontiers where we are making calculated, strategic bets to drive the energy transition forward.”

By combining deep financial strength and investment rigor with unparalleled knowledge of and access to the hydrogen market and its technology, the Fund is expected to be a catalyst for both the financing and building of hydrogen infrastructure projects. The Fund is led by Pierre Etienne Franc, who was, up to the 31^st of March, the vice president of Hydrogen Energy for Air Liquide and co-secretary of the Hydrogen Council.

“We are very pleased to receive such interest from these highly respected firms. This confirms that this is absolutely the right time to unlock the hydrogen economy potential for society, investors, policy makers and corporates, alike,” said Pierre Etienne Franc, CEO of FiveT Hydrogen Fund. “We all know that this moment in the hydrogen journey requires a very innovative approach to infrastructure investment. FiveT ambition is indeed to put forward a distinctive fund value proposition for financial and industrial LPs wishing to be the hydrogen infrastructure key players. We expect to welcome future commitments from EU and Asian strategic partners who are actively working on infrastructure projects and initiatives,” he added.

FiveT will communicate more broadly about the project in the coming days. The Fund is expected to close in the third quarter 2021, with first cash contributed by investors by early 2022 and drawn as required for investment over several years.

FORWARD-LOOKING STATEMENTS

Certain statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning business plans of Plug Power, Chart Industries and Baker Hughes (hereinafter, collectively and individually referred to as the “Company”), including statements regarding completed acquisitions, cost synergies and efficiency savings, objectives, future orders, revenues, margins, earnings or performance, liquidity and cash flow, capital expenditures, business trends, clean energy market opportunities and governmental initiatives, including executive orders and other information that is not historical in nature. Forward-looking statements may be identified by terminology such as "may," "will," "should," "could," "expects," "anticipates," "believes," "projects," "forecasts," “outlook,” “guidance,” "continue," “target,” or the negative of such terms or comparable terminology.

Forward-looking statements contained in this press release or in other statements made by the Company are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control, that could cause the Company's actual results to differ materially from those matters expressed or implied by forward-looking statements. Factors that could cause the Company’s actual results to differ materially from those described in the forward-looking statements include: the Company’s ability to successfully integrate recent acquisitions and achieve the anticipated revenue, earnings, accretion and other benefits from these acquisitions; slower than anticipated growth and market acceptance of new clean energy product offerings; risks relating to the recent outbreak and continued uncertainty associated with the coronavirus (COVID-19) and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recent Annual Report on Form 10-K filed with the SEC and Quarterly Reports on Form 10-Q, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement.

About Plug Power

Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fuelling, and lower operational costs. Plug Power’s vertically integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.

About Chart Industries, Inc.

Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With over 25 global locations from the United States to Asia, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities. To learn more, visit http://ir.chartindustries.com/.

About Baker Hughes

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

Plug Power - Media Relations:
Ian Martorana
The Bulleit Group
(415) 237-3681
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Chart Industries, Inc. - Investor Relations:
Wade Suki
Director of Investor Relations
832-524-7489

Baker Hughes - Investor Relations:
Jud Bailey
+1 281-809-9088
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Baker Hughes - Media Relations:
Thomas Millas
+1 713-879-2862
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FiveT Hydrogen – Media Relations:
Louisa Feltes – FTI Consulting
+44 7843 385075
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CLARKSTON, Mich.--(BUSINESS WIRE)--#Advisory--SideKick Operators (“SideKick”), the Texas-based strategic investment and advisory firm, is excited to announce its recent partnership with the Oscar W. Larson Company (“Oscar Larson” or the “Company) and Trive Capital (“Trive”). Founded in 1946 and headquartered in Clarkston, Michigan, Oscar Larson is a growing and leading end-to-end provider of installation, testing, inspection, planned maintenance and repair services for fuel infrastructure across North America

SideKick chairman Phil Miner said, “We are thrilled to become partners with the Oscar Larson and Trive team. They put people first and lead with a service first mentality.”

SideKick is a co-investor alongside Trive and the shareholders of the Oscar W. Larson Company. SideKick is also serving as a strategic advisor to the Oscar Larson management team as the company expands nationally and broadens their offerings to better meet the needs of their customers.

President Charles Burns said, “We are excited about our partnership with Trive and Sidekick. Our teams share a passion for unrivaled service. We believe that this is the right combination to accelerate our growth and expansion.”

About SideKick Operators

For more than 4 decades, the partners of SideKick Operators have been building long lasting and sustainable companies across North America. SideKick is a strategic firm investing in mission critical trades providing repair, maintenance, inspection, and testing services. The company joins in partnership with business leaders to build national brand reputations through operational excellence. SideKick comes from a history with a deep rooted appreciation for founder and family-owned businesses.

About Trive Capital

Trive Capital is a Dallas, Texas based private equity firm managing approximately $2 billion in aggregate capital commitments. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.

About Oscar Larson

Founded in 1946 and headquartered in Clarkston, Michigan, Oscar Larson is a leading end-to-end equipment distributor and provider of installation, testing, inspection, maintenance and repair services to fuel infrastructure and other customers across the Midwest.

For inquiries, please contact Morgan McGee – This email address is being protected from spambots. You need JavaScript enabled to view it.

 Cloud-native and analytics-driven solution is a catalyst for innovation and digital transformation

BURLINGTON, Mass.--(BUSINESS WIRE)--#QMS--ETQ, the leading quality management system (QMS) provider, today announced Reliance NXG, the next generation of the world’s most comprehensive, flexible and proven quality management software for quality-centric customers in manufacturing, life sciences, electronics, food and beverage, automotive, aerospace, and more than a dozen additional industries. The latest version of Reliance is a fully multi-tenant SaaS offering that delivers the limitless power of cloud-native technology to supercharge quality processes and reduce technology risk, while extending the rapid user acceptance for which Reliance is known.

Myriad market dynamics underpinned the strategy behind the development of Reliance NXG, including:

• Industries, markets and regulatory requirements are in constant flux globally and the speed and complexity of this change is only increasing.
• Aging and fragmented quality systems prevent the implementation of best practices, thereby increasing the risk of the next big product or service failure.
• Brittle supply chains require supplier quality to be tightly integrated with supply chain management.
• Frictionless​ scalability is essential to mission-critical global harmonization and digital transformation use cases that rely on quality management.
• Ultimately, quality champions need increased visibility into data and analytic insights so they can take informed action​ to drive continuous improvement in real time.

Introducing the Next Generation of ETQ Reliance Quality Management Software

After extensive customer research and analysis of broader industry trends, ETQ has delivered the next generation of Reliance, its flagship quality management system. ETQ customers have long relied on Reliance’s comprehensive, cross-industry portfolio of QMS applications to advance their quality programs and meet critical business goals. With Reliance NXG, customers can now accelerate their quality journey into the resilient and adaptable world of cloud-native quality and safety management, advanced analytics, controlled ubiquitous access and enterprise digital transformation. With a clear product and technology vision ahead, customers will be able to effectively future-proof their quality management systems and provide a powerful catalyst to digital transformation in their organizations.

Notably, the company has developed this release in a way that allows customers to easily upgrade, preserving their existing investments in quality workflows and configurations by building on the strengths of the current code base. This simple and direct path to a cloud-native enterprise software environment is an accomplishment that is unique not only to the quality management world but to enterprise software, in general.

ETQ Reliance NXG provides a comprehensive, flexible and proven software system that can adapt quickly to market shifts, technology changes, and unique customer requirements, and serves as a catalyst for digital transformation through advanced analytics and enterprise-wide integration. Additionally, for digital transformation to take hold in an organization, a genuine next-generation QMS must allow easy and productive engagement of all stakeholders inside and outside the organization to spur continuous improvement and pathways to excellence.

The technological foundation of Reliance NXG is based on four value pillars: usability, flexibility, visibility and scalability, enabled by advanced cloud-native technologies and a transformational vision.

• Usability: The solution’s new search capability enables users to quickly find anything within the system, with enhanced navigation to streamline the user experience from any device.

• Flexibility: New integration features, built upon a multi-tenant architecture, allow customers to break down the barriers that limit collaboration and keep up with changes in their business.

• Visibility: Digital transformation efforts will drive QMS solutions deeper into an organization’s enterprise technology stack. Powered by Insights analytics, workflows can be configured to automatically classify events, improving the speed and accuracy of decisions. Users are provided not just with better information, but also guidance that can be used to streamline investigations and root cause analyses.

• Scalability: The cloud-native QMS enables enterprise-wide quality processes, providing support for any number of users, any volume of data and any configuration with a high-availability architecture with no single point of failure. Customers in regulated markets can leverage ETQ’s expedited validation and risk-based verification to reduce testing effort required.

Reliance NXG provides rapid time-to-value to multiple organizational stakeholders. Quality leaders immediately benefit from stronger QMS capabilities and usability to drive higher returns on quality investments across the full product lifecycle. IT leaders will welcome the advanced cloud-native technologies, enhanced security and scalability that support their technical and digital transformation requirements. Senior executives will now have the strategic visibility that drives continuous improvement and a culture of quality throughout the organization.

“With Reliance NXG, we are working with our customers to create a scalable, secure, flexible and analytics-driven quality organization of the future,” said Rob Gremley, CEO, ETQ. “ETQ’s experience in providing comprehensive and agile quality management to a broad range of industries allows us to bring global QMS best-practices to all our customers. In effect, we’re not just selling software, we are selling a future-proof pathway to excellence that starts with the next-generation of quality management.”

Availability

ETQ Reliance NXG is available immediately directly from ETQ and its strategic solution provider partners.

ETQ Reliance NXG Webinar

ETQ will be hosting a webinar on April 21 at 1:00 p.m. ET to present ETQ Reliance NXG. Please register for the webinar here.

About ETQ

ETQ is the leading provider of quality, EHS and compliance management software, trusted by the world’s strongest brands. Nearly 600 global companies, spanning industries including pharmaceuticals, electronics, heavy industry, food and beverage, and medical devices, use ETQ to secure positive brand reputations, deliver higher levels of customer loyalty and enhance profitability. ETQ Reliance offers built-in best practices and powerful flexibility to drive business excellence through quality. Only ETQ lets customers configure industry-proven quality processes to their unique needs and business vision. ETQ was founded in 1992 and has main offices located in the U.S. and Europe. To learn more about ETQ and its various product offerings, visit www.etq.com.

Chris Nahil
ETQ
781-488-5050 ext. 648
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FORT WORTH, Texas--(BUSINESS WIRE)--FTS International, Inc. (NYSE American: FTSI) hosted a leading global automobile manufacturer at its National Operations Center (NOC) in Fort Worth, which serves as the hub for FTSI’s automation platform, to showcase its data and analytics capabilities.

Last month, FTSI initiated its innovative machine health automation technology and KCF MachineIQ^™ on its first fleet, working for Devon Energy, and is now rolling out this technology across all its fleets.

While the automotive industry is well known for its automation technologies, FTSI has brought a level of machine health analytics to the industrial space that surpasses even those in global companies several orders of magnitude larger.

“Traditional automation programs follow commands based on simple parameters such as cycle times and speed settings,” explained Larry Carroll, FTSI’s Director of Innovation, “but these traditional programs are blind to machine health faults and catastrophic failure.”

The hydraulic fracturing industry, with its extreme conditions, leaves machinery especially susceptible to breakdowns, which is why FTSI has invested resources over the last three years in the machine learning and analytics necessary to drive more intelligent equipment automation commands. Mr. Carroll continued, “While these fault algorithms and automation commands are helping FTSI today, there’s no reason other industries cannot benefit from the technical foundation we’ve created.”

While the automobile manufacturer’s name remains confidential, one of this global organization’s senior executives commented, “Today’s visit was eye opening. FTSI is at the cutting-edge of machine health innovation.”

About FTS International, Inc.

Headquartered in Fort Worth, Texas, FTS International is a pure-play hydraulic fracturing service company with operations across multiple basins in the United States.

To learn more, visit www.FTSI.com.

Lance Turner
Chief Financial Officer
817-862-2000
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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. has released its 2020 corporate sustainability report highlighting the company’s performance related to energy and the environment, social responsibility, and best-practices governance.

The enhanced 2020 report includes both a narrative and supporting metrics compiled in accordance with industry guidance on climate-related financial disclosures and sustainability accounting standards. The “2020 Corporate Sustainability Report: People. Planet. Prosperity” makes it easier for investors and other interested individuals and entities to review the progress, accomplishments, opportunities and goals of ALLETE and its business units, ALLETE Clean Energy; BNI Energy; Minnesota Power; and Superior Water, Light and Power.

The report is available here and at https://www.allete.com/Sustainability

“ALLETE is putting sustainability into action while honoring our commitment to the climate, our customers and the communities we serve,” said Bethany Owen, ALLETE president and CEO. “Our strategy is robust and flexible, designed to reduce transitional and physical risks associated with climate change while advancing the clean-energy economy. ALLETE is well positioned to enhance and grow our companies by providing sustainable energy solutions to meet changing societal expectations and evolving regulations.”

Actions the company takes beyond reaching important environmental and climate goals also are critically important to how ALLETE views sustainability.

“Our view of sustainability includes supporting our customers and local communities to foster a healthy, equitable society,” Owen said. “Building strong communities goes hand-in-hand with caring for the environment. People, planet, and prosperity are part of who we are and what we do every day. This report highlights that view, a perspective that includes reducing our carbon profile, extensive community involvement, significant corporate giving and advocacy for the region, and a commitment to advance diversity, equity and inclusion.”

Highlights from ALLETE’s sustainability report:

• Relative to its size, ALLETE is the second largest utility investor in renewable energy in the nation.

• Minnesota Power has moved more quickly than any other Minnesota utility to add renewable energy. Minnesota Power began delivering 50% renewable energy to customers in late 2020, and a month later announced its vision to deliver 100% carbon-free energy by 2050. SWL&P receives its energy from Minnesota Power and shares in these carbon-reduction and climate goals.

• ALLETE Clean Energy, ALLETE’s fastest-growing company, added two new wind projects in 2020 to increase its wind facility portfolio to more than 1,000 megawatts across seven states, and it has another 300-megawatt wind site under construction.

• Minnesota Power’s total carbon emissions are projected to decrease by more than 50% from 2005 to 2021. Other emissions, SO₂, NO_x, and mercury, also have been substantially reduced.

• ALLETE’s safety strategy has a sharpened focus on culture, systems, and awareness.

• Corporate giving totaled more than $850,000 in 2020, providing significant benefits to the communities we serve.

• More than 40% of ALLETE executive officers and over half of the ALLETE board of directors are women. Recently, Moody’s Investors Service identified ALLETE as having the most gender diverse board among 45 utility companies it examined for a report on board gender diversity at publicly traded North American utilities.

• ALLETE is working to expand and partner with diverse suppliers including minority-owned, women-owned, veteran-owned, LGBT-owned, small economically disadvantaged businesses, HUBZone businesses, and disability-owned businesses so that our suppliers reflect the diversity of the communities we serve.

ALLETE’s corporate sustainability report was compiled in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and the TCFD Implementation Guide. Additional guidance and information were taken from the Sustainability Accounting Standards Board (SASB), as well as ALLETE’s Edison Electric Institute (EEI) Environmental, Social, and Governance (ESG) report.

ALLETE Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, N.D., and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP

The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.

Investor Contact:
Vince Meyer
Director Investor Relations
218-723-3952
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Amy Rutledge
Manager Corporate Communications
218-723-7400
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Adventist Health facility, located in a community heavily damaged by the 2018 Camp Fire, now delivers safe, reliable and clean energy through solar & microgrid project

HOUSTON & ROSEVILLE, Calif.--(BUSINESS WIRE)--#actwithengie--Adventist Health and ENGIE North America today announced the completion of their solar and microgrid project in Paradise, California. The Feather River Health Care facility includes a one-megawatt hour energy storage system combined with 425 kilowatts of solar and new, permanent back-up generator. The new, integrated system is designed to deliver clean energy while ensuring energy resiliency to continue to serve the community during public safety power shutoff (PSPS) events. Adventist Health’s hospital was heavily damaged by one of the most destructive fires in California history, the 2018 Camp Fire, and the Feather River Health Center is now the main location for healthcare services available on the ridge.

“After our Feather River hospital was severely damaged, we wanted to provide better reliability to the community with new solutions that would allow us to be fully operational during any future power outages,” said Tim Williams, Administrative Director, Physician & Outpatient Services, Adventist Health. “Building long-term resiliency is key in this region impacted by risk of natural disasters and subsequent PSPS events. As energy reliability and resiliency planning becomes paramount across the United States, we are gratified by the outcome of this project, but more importantly proud of the immediate impact it will provide the ridge community.”

In case of a power outage, the microgrid controller energy storage system will isolate the facility from the grid, allowing the facility to be powered by solar, the energy storage system and generator thereby creating a microgrid. The microgrid will use its own internal battery storage to stabilize the facility loads and it will also control the generation from both the solar system and the 250 kW permanent generator, allowing Adventist Health to maintain a stable energy source to the facility during the outage. The transfer of power from the utility to the microgrid happens in less than one second, creating a seamless transfer.

“The transition from traditional back-up power solutions to cleaner, healthier, and more intelligent energy systems has recently become much easier and more attainable for facilities of all sizes -- especially critical in the healthcare field,” said Courtney Jenkins, Vice President and General Manager at ENGIE. “ENGIE is proud to provide a reliable framework for how to meet the energy resiliency needs of hospitals and medical facilities, that by definition need to be the most resilient and safe assets in their communities. Helping to demonstrate the power of solar microgrids at the Feather River Health Center has been a meaningful opportunity to support Adventist Health’s impact to the ridge community.

About Adventist Health

Adventist Health is a faith-based, nonprofit integrated health system serving more than 80 communities on the West Coast and Hawaii as well as others across the U.S. through its Blue Zones company, a pioneer in taking a systemic and environmental approach to improving the health of entire cities and communities. Through this work, Adventist Health is leading a 21^st century well-being transformation movement. Founded on Seventh-day Adventist heritage and values, Adventist Health provides care in hospitals, clinics, its innovative Adventist Health Hospital@Home program that provides virtual in-patient care at home, home care agencies, hospice agencies and joint-venture retirement centers in both rural and urban communities. Our compassionate and talented team of 37,000 includes associates, medical staff physicians, allied health professionals and volunteers driven in pursuit of one mission: living God's love by inspiring health, wholeness and hope. Together, we are transforming the American healthcare experience with an innovative, yet timeless, whole-person focus on physical, mental, spiritual and social healing to support community well-being.

About ENGIE North America

ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help our customers achieve their sustainability goals as we work together to shape a sustainable future. Our comprehensive services include helping run facilities more efficiently and optimize energy and other resource use and costs; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low-carbon or renewable. ENGIE S.A. is a global organization focused on low-carbon energy and services, that relies on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. With 170,000 employees, along with its customers, partners and stakeholders, the group is committed to accelerating the transition to a carbon-neutral world through reduced energy consumption and more environmentally-friendly solutions. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

Media Contacts:
Anne Smith
ENGIE North America
408-313-8089
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Laurie Anne Allen
Adventist Health Clear Lake
707-995-5879
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