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ANN ARBOR, Mich.--(BUSINESS WIRE)--#EV--The Coretec Group, Inc., (OTCQB: CRTG) (the “Company”) is pleased to announce that it filed a provisional patent, identifying, and defining novel capabilities of Coretec’s Cyclohexasilane (CHS) derived silicon within next generation silicon anode battery technology.

“This provisional patent covers four distinct silicon anode applications where Coretec’s CHS is uniquely suited,” said Michael Kraft, Coretec’s CEO. “This is the third Coretec patent filing in the past two years and further expands our IP portfolio as we continue working with our partners and customers.”

“There has been relatively little exploration in surface modification of silicon anodes. In our patent application, we identified several ways to revolutionize this, one being a general method to improve cycling stability and capacity loss for all types of silicon anodes,” said Kraft.


To date, lithium-ion batteries made with graphite anodes have had limited capabilities in terms of charge capacity, charging times, and cycle life. While the addition of silicon in anodes has been explored by the industry to address performance characteristics, it has been done with limited success due to expansion issues leading to battery cell damage, unstable SEI layers, and difficulty implementing silicon anodes into existing manufacturing processes.

This patent addresses all of these with specific claims regarding silicon nitride anodes, doped silicon anodes, and silicon carbon composite anodes.

About The Coretec Group

The Coretec Group, Inc. is developing a portfolio of silicon-based products in energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. Coretec serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.

For more information, please visit www.thecoretecgroup.com. Follow The Coretec Group on Twitter and LinkedIn.

Forward-Looking Statements:

The statements in this press release that relate to The Coretec Group's expectations with regard to the future impact on the Company's results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.


Contacts

Corporate contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833

Media contact:
The Coretec Group, Inc.
Allison Gabrys
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+1 (866) 916-0833

Power system developed by Advent subsidiary UltraCell is the only fuel cell solution selected for this year’s DOD program

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”) and its subsidiary, UltraCell, today announced that UltraCell’s 50 W Reformed Methanol Wearable Fuel Cell Power System (“Honey Badger”) has been selected by the U.S. Department of Defense’s National Defense Center for Energy and Environment (“NDCEE”) to take part in its demonstration/validation program for 2021. The NDCEE is a Department of Defense program that addresses high-priority environmental, safety, occupational health and energy technological challenges that are demonstrated and validated at active installations for military application. UltraCell’s “Honey Badger 50” fuel cell is the only fuel cell that is part of this program which supports the U.S. Army’s goal of having a technology-enabled force by 2028.

UltraCell’s newly developed Honey Badger 50 Fuel Cell System is optimized to operate on a soldier-worn plate carrier or ruck carried for “on the move” battery charging. Under the program, led by the U.S. Army DEVCOM C5ISR Center, the Honey Badger will undergo rapid design spirals over two years applying user feedback gained during soldier touch points. The Honey Badger system is designed to integrate with materials already in the U.S. Army supply chain.

The portable Honey Badger is breaking new ground in several areas to push forward the renewable energy transition – including moving away from polluting generators and disposable primary batteries. Most importantly, unlike generators with noxious exhaust, the Honey Badger system can be used indoors or operate in the field for soldiers while on the move. By offering advanced technology to create a versatile, lightweight option for users, this innovative fuel cell represents a major step forward.

Some of the many features of the Honey Badger 50 system include:

  • Fueled by a NSN 6850-00-926-2275 Cleaning Compound, Windshield (CCW) which is ~70% methanol and water;
  • Its material is already in the arsenal with proven supply chain and minimal safety concerns, compared to JP8 fuel;
  • Compared to generators, the Honey Badger is very quiet at only 40-45 dBA vs. 90+ dBA.

Dr. Vasilis Gregoriou, Advent Technologies CEO & Founder, commented: “This award by the DoD demonstrates the ability of Advent’s ‘Any Fuel, Anywhere’ technology to deliver innovative, mobile solutions that are at the forefront of the energy transition. UltraCell’s new fuel cell technology will be instrumental in allowing soldiers to be self-sustained over 72- and 96-hour dismounted missions.”

Ian Kaye, UltraCell Founder & General Manager, added: “We are pleased the U.S. Army sees the value that Honey Badger offers the warfighter. After several years of concept development and field trials, we optimized the Honey Badger to address the main concerns that we had observed by U.S. Army Soldiers such as that single-use batteries are not sustainable in the field, and generators are too loud and toxic for close combat operations.”

Just last month, Advent Technologies acquired UltraCell, the fuel cell division of Bren-Tronics, Inc. (“Bren-Tronics”). UltraCell’s technology can use hydrogen or liquid fuels to deliver reliable power at a fraction of the weight of batteries. An UltraCell system is 3x-25x lighter in weight than the equivalent battery solution (depending on the application and use case). The systems have been deployed with excellent performance in stringent and challenging conditions and climates.

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is an innovation-driven company in the fuel cell and hydrogen technology space. Our vision is to accelerate electrification through advanced materials, components, and next-generation fuel cell technology. Our technology applies to electrification (fuel cells) and energy storage (flow batteries, hydrogen production) markets, which we commercialize through partnerships with Tier1s, OEMs, and System Integrators. For more information on Advent Technologies Holdings, Inc., please visit the company’s website at https://www.advent.energy/

Advent subsidiary UltraCell is a leader in lightweight fuel cells for the portable power market with mature products and cutting-edge technology. The portable battery chargers produced by UltraCell are the only "Made in USA" fuel cell products approved by the North Atlantic Treaty Organization (NATO), and one of the only two manufacturers across NATO. UltraCell units are already deployed in the field by U.S. military and security agencies. Three additional NATO allies are currently testing UltraCell systems. UltraCell’s fuel cell products have also been recognized and presented in multiple global NATO events. For more information, visit www.ultracell-llc.com


Contacts

Advent Technologies
Elisabeth Maragoula
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Sloane & Company
Joe Germani / Alex Kovtun / James Goldfarb
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COLUMBUS, Ohio--(BUSINESS WIRE)--#hexion--Hexion Inc. today announced the release of its 2020 Sustainability Report highlighting the company’s efforts and accomplishments in enhancing safety, efficiency, sustainability and social responsibility.


“In a year that saw Hexion post its best safety and environmental performance in its history, as well as introduce formal sustainability goals, our Company made significant progress and pulled together like never before in 2020 to advance our strategic sustainability initiatives,” said Craig Rogerson, Chairman, President and Chief Executive Officer. “I’d like to acknowledge the hard work and tremendous focus demonstrated by our associates in meeting the challenges associated with the global pandemic, while continuing to operate our manufacturing sites without interruption and serving our valued customers. While we remain focused on continually improving our environmental, health and safety performance, their dedication drove the Company to a new level of safety excellence in 2020. The introduction of formal sustainability goals in 2020 also strengthened our commitment to sustainable growth and delivering on our strategic approach of ‘Responsible Chemistry,’ which includes collectively supporting our associates, customers and communities.”

Hexion’s 2020 Sustainability Report can be viewed at https://www.hexion.com/company/responsibility/sustainability and focuses on a number of key accomplishments, including:

  • Safety: Hexion’s Occupational Illness and Injuries Rate (OIIR) dropped to 0.45 in 2020, the lowest rate recorded in the Company’s history. In addition, Hexion has created a cultural change program targeting a reduction in Severe Incident Factor (SIF) injuries. SIFs are defined as high-risk work activities, which if not properly controlled, could result in serious injuries, permanent disabilities, and/or fatalities. Hexion began tracking SIFs in 2013, and over that time, the Company has decreased SIF injuries by 95 percent. While the Company’s goal remains zero SIF incidents, Hexion experienced only one SIF incident last year.
  • New Product Development: The Company continues to focus on developing new products with sustainable attributes, such as its recently-launched ArmorBuiltTM fire resistant wrap, a new product which greatly improves fire protection when applied to a substrate, such as wood utility poles.
  • Commitment to Responsible Care®: In 2020, two programs and 13 Hexion facilities were named Responsible Care® award winners and honored for excellence in waste minimization and energy efficiency by the American Chemistry Council (ACC). The Responsible Care initiative helps ACC member and partner companies significantly enhance and improve the health and safety performance of their employees and the communities in which they operate. Facilities within Hexion’s global manufacturing network have achieved additional certifications, including ISO 9001 (Quality Management System), ISO 14001 (Environmental Management System), and OHSAS 18001 (Health and Safety Management System).
  • Social Responsibility: Despite the pandemic, nearly 90 percent of Hexion sites participated in at least one community impact event in 2020.
  • Diversity, Equity and Inclusion Initiatives: In November 2020, Hexion announced that Karen M. Fowler joined the Company as its first Director of Diversity, Equity and Inclusion. Ms. Fowler is responsible for accelerating Hexion’s diversity, equity and inclusion efforts worldwide. In addition, Hexion recently joined a strategic initiative with the American Chemistry Council (ACC), The Chemours Company, the American Institute of Chemical Engineers (AIChE) and the HBCU Week Foundation known as the “Future of STEM Scholars Initiative” (FOSSI). FOSSI is the chemical industry’s first collaborative equity, diversity and inclusion program. Hexion is proud to be an early supporter of this new initiative. FOSSI enables a diverse set of students to pursue STEM majors at Historically Black Colleges and Universities (HBCUs), developing a pipeline of candidates to fill the increasing number of highly-skilled jobs needed in the chemical industry and beyond.

The most recent sustainability report also highlights Hexion’s formalized sustainability goals. In 2020, the Company completed an updated materiality assessment where it engaged with various internal and external stakeholders. From that assessment, the Company determined its most important areas of focus, which included formalizing the following goals:

  • Minimizing climate change impact: Hexion will strive to protect against climate change throughout its business lifecycle by efficiently using natural resources, optimizing existing processes and enhancing products and technologies through continuous innovation.
  • Developing innovative sustainable products: Hexion is committed that by 2030, all new products will incorporate sustainable attributes.
  • Enhancing worker safety/well-being: By 2022, Hexion will offer a voluntary well-being program that addresses associate physical, mental, and financial well-being with the goal of 50% associate participation in the program by 2025. Hexion also re-affirmed its commitment to continue to drive toward zero recordable injuries.
  • Reducing spills and releases: Hexion has committed to reduce spill mass and releases by 80 percent by 2025.
  • Maintaining product stewardship: Hexion remains committed to implementing the Responsible Care Product Safety Code and will continue to be transparent and communicate to key stakeholders regarding its stewardship programs such as risk reviews and reduction of substances of concern.

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc., its products and sustainability is available at www.hexion.com.


Contacts

John Kompa
(614) 225-2223
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Thomasnet.com® enables states to fulfill domestic sourcing needs, including COVID related supplies

NEW YORK--(BUSINESS WIRE)--#B2B--Thomas, the leader in product sourcing, supplier selection, and marketing solutions for industry, today announced its new Buy America Act Support Program for Manufacturing Extension Partnerships (MEPs) to help connect state agencies with domestic suppliers of goods and services.


“As the largest and most active network of North American industrial buyers and suppliers, we have a unique opportunity to help propel industry forward at this pivotal time,” said Tony Uphoff, Thomas president and CEO. “We are proud to highlight this new BAA Support Program to help rebuild supply chains, provide more opportunities to American manufacturers, and to supply the data that will accelerate reshoring.”

Specifically, the Thomas Buy American Act Support Program entails:

  1. Thomasnet.com® Free Registration: Thomas will provide free registration for MEPs to access the Thomasnet.com sourcing platform of more than 550,000 North American suppliers in over 70,000 product and services categories. The structured data on Thomas’ platform allows buyers and engineers to source suppliers by product, service, location, certifications, firmographic data, and more. This data will allow MEPs to expedite the identification of manufacturers in their regions that qualify for BAA.
  2. Buy America Act (BAA) Designation for Suppliers in Your Geography/District: Thomas will add manufacturers of each MEPs community to its digital database, qualification, and categorization system for free. In addition, Thomas will add a Buy America Act (BAA), Berry Amendment, or Made in the USA designation to qualified suppliers to make them more easily identifiable for buyers seeking American manufacturers.
  3. Custom Thomas Data: Thomas can create a customized data resource specifically designed to serve the needs of local MEPs to further enhance their sourcing engagements for their community.

This new program is an extension of Thomas’ efforts to help bolster American manufacturing of PPE, medical equipment, and services. The program aims to address critical vaccine-related needs, as the entire country depends on continued mobilization of the American manufacturing industry to fight the COVID-19 pandemic.

Each month over 1.5 million users leverage the Thomasnet.com platform to source suppliers and build their supply chains. Since March 2020, Thomas has spearheaded industry efforts for PPE and vaccine-related production by creating the Thomas COVID-19 Response Suppliers section of the platform - helping millions of medical professionals and businesses stay safe during this difficult time.

Interested organizations can sign up for the Thomas Buy American Act Support Program here.

About Thomas

Thomas provides actionable information, data, analysis, and tools that align with and support today's industrial buying process. Its solutions include the Thomas Network at Thomasnet.com®, industry's largest and most active buyer/supplier network. Through Thomas Marketing Services, the company provides full-service industrial marketing programs and website development. Thomas Product Data Solutions helps manufacturers connect with design engineers through advanced CAD/BIM and data syndication services. Thomas Industrial Data supplies sourcing and supply chain trend data to media, investors, analysts, and researchers to provide market insight and inform decision making. Thomas WebTrax® provides opportunity intelligence on in-market buyers to help marketing and sales teams track, identify and engage high-value prospects. Thomas Insights delivers original content to help marketers and supply chain professionals inform their decision-making, through leading titles including Inbound Logistics®, Thomas Industry Update, Industrial Equipment News® (IEN®), and the Thomas Index™.


Contacts

Alex Kofsky
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Rita Lieberman
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today provided information regarding preliminary first-quarter 2021 operational and financial updates as well as certain full-year 2021 guidance items. The information discussed herein reflects the combined company following the close of the Concho transaction in January. Final first-quarter results will be reported on May 4.


First-Quarter Production

The company expects to report first-quarter 2021 production volumes of 1,470 to 1,490 thousand barrels of oil equivalent per day (MBOED). This estimate includes approximately 50 MBOED of unplanned weather impacts experienced throughout the Lower 48 as a result of Winter Storm Uri. Production in the Lower 48 was fully restored in March.

Preliminary production estimates by area and product for the first quarter of 2021 are shown below:

1Q 2021 Production Midpoint Estimate

 

Total
(MBOED)

Crude Oil
(MBD)

NGL
(MBD)

Bitumen
(MBD)

Natural Gas
(MMCFD)

Consolidated Operations

 

 

 

 

 

Alaska

205

190

14

-

5

Lower 48

710

410

80

-

1,320

Canada

100

10

5

70

90

Norway

135

80

5

-

300

China

30

30

-

-

-

Indonesia

55

2

-

-

320

Malaysia

45

35

-

-

60

Equity Affiliates

200

15

5

-

1,080

Total Excluding Libya

1,470–1,490

772

109

70

3,175

Note: Libya production for 1Q 2021 is estimated to be 40 MBOED.

First-Quarter Realized Pricing and Commercial Activity

Total average realized prices are expected to be $43 to $45 per barrel of oil equivalent (BOE) for the first quarter of 2021. These estimates reflect prices received under existing contract terms as well as normal pricing variability due to timing and local differentials, but exclude the effects of commodity derivatives. Preliminary estimates of average realized prices by area and product for the first quarter of 2021 are shown below:

1Q 2021 Average Realized Price Midpoint Estimate

 

Crude Oil
($/BBL)

NGL
($/BBL)

Bitumen
($/BBL)

Natural Gas
($/MCF)

Consolidated Operations

 

 

 

 

Alaska

59

-

-

2.20

Lower 48

56

24

-

3.80

Canada

46

20

31

2.40

Norway

57

39

-

6.20

Libya

60

-

-

2.90

China

58

-

-

-

Indonesia

51

-

-

6.90

Malaysia

63

-

-

2.60

Equity Affiliates

60

49

-

2.80

Total

56 – 58

26 – 27

30 – 32

4.30 – 4.50

Note 1: The estimated total realized price represents the company’s weighted average price for 1Q 2021.
Note 2: Existing contracts assumed as part of the Concho acquisition are based on 2 stream recognition.

In addition, the company expects to record before-tax earnings of approximately $0.1 billion related to commercial performance in the first quarter.

Concho-Related Unusual Items

The company expects to report first-quarter transaction and restructuring related expenses associated with the Concho acquisition of approximately $0.3 billion before tax, which will be treated as a special item when reporting non-GAAP adjusted earnings. Table 1 at the end of this news release provides additional information on projected first-quarter and full-year 2021 adjusted operating costs.

In addition, the company expects to incur losses of approximately $0.3 billion before tax from commodity hedging positions. This includes losses of approximately $0.1 billion before tax related to positions for which the company accelerated settlement into the first quarter that will be treated as a special item when reporting non-GAAP adjusted earnings. As of the end of the quarter, the company had settled all oil and gas hedging positions acquired from Concho.

Excluding working capital, the expected total impact to cash from operations from the transaction and restructuring expenses in combination with the hedging impacts is a reduction of approximately $1.0 billion. This includes approximately $0.8 billion related to settling all oil and gas positions acquired from Concho, of which approximately $0.5 billion in net liability was recorded on the acquisition close date of Jan. 15.

See the table below for a summary of the estimated financial statement impacts associated with the items mentioned above.

Estimated 1Q 2021 Impacts from Concho Unusual Items - $ Billion

 

Earnings Impact
(Before Tax)

Cash from
Operations ex WC

Transaction & Restructuring Expenses*

(0.3)

(0.3)

Settlement of Q1 2021 Hedges

(0.2)

(0.2)

Accelerated Settlement of Concho Hedging Program**

(0.1)

(0.6)

Total

~(0.6)

~(1.0)

* To be treated as a special item when reporting non-GAAP adjusted earnings.
** To be treated as a special item when reporting non-GAAP adjusted earnings; cash from operations reflects the impacts of settling oil and gas hedging positions acquired from Concho, inclusive of approximately $0.5 billion net liability at Jan 15.

First-Quarter and Full-Year Guidance

In addition to the updates above, the company is providing the following guidance estimates for first-quarter and full-year 2021:

 

1Q 2021

Full-Year 2021

Adjusted Operating Costs

$1,495 – 1,565 million

$6.2 billion

DD&A

$1,840 – 1,910 million

$7.4 billion

Adjusted Corporate Segment Net Loss

$225 – 275 million

$1.0 billion

Capital Expenditures

$1,210 – 1,290 million

$5.5 billion

Production Excluding Libya

1.47 – 1.49 MMBOED

1.5 MMBOED

All updates and estimates provided were calculated using actual results for January and February along with forecasts for the remaining periods. ConocoPhillips will announce first-quarter 2021 operational and financial results on May 4 and host a conference call on that date at 12:00 p.m. Eastern time.

--- # # # ---

About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $63 billion of total assets, and approximately 9,700 employees at Dec. 31, 2020. Production excluding Libya averaged 1,118 MBOED for 2020, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include any adjustments to our results of operations recognized as part of our regular process for producing and reviewing our financial statements for completed periods; the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for our announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following our announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term “resource” in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.

Use of Non-GAAP Financial Information – To supplement the presentation of the company’s preliminary first quarter 2021 operational and financial update this news release may contain or describe certain financial measures that are not prepared in accordance with GAAP, including adjusted earnings, adjusted operating costs, adjusted corporate segment net loss and cash from operations (CFO).

The company believes that the non-GAAP measures adjusted earnings, adjusted operating costs and adjusted corporate segment net loss are useful to investors to help facilitate comparisons of the company’s operating performance associated with the company’s core business operations across periods on a consistent basis and with the performance and cost structures of peer companies by excluding special items that do not directly relate to the company’s core business operations, or are of an unusual and non-recurring nature. The company further believes that the non-GAAP measure CFO is useful to investors to help understand changes in cash provided by operating activities excluding the timing effects associated with operating working capital changes across periods on a consistent basis and with the performance of peer companies. Adjusted earnings is defined as net income (loss) attributable to ConocoPhillips adjusted for the impact of special items that do not directly relate to the company’s core business operations, or are of an unusual and non-recurring nature. Operating costs is defined by the company as the sum of production and operating expenses, selling, general and administrative expenses, exploration general and administrative expenses, geological and geophysical, lease rentals and other exploration expenses. Adjusted operating costs is defined as the company’s operating costs further adjusted to exclude expenses that do not directly relate to the company’s core business operations and are included as adjustments to arrive at adjusted earnings to the extent those adjustments impact operating costs. Adjusted corporate segment net loss is defined as corporate and other segment earnings adjusted for special items. CFO is defined as cash provided by operating activities, excluding the impact of changes in operating working capital. The company believes that the above-mentioned non-GAAP measures, when viewed in combination with the company’s results prepared in accordance with GAAP, provides a more complete understanding of the factors and trends affecting the company’s business and performance. The company’s Board of Directors and management also use these non-GAAP measures to analyze the company’s operating performance across periods when overseeing and managing the company’s business.

Each of the non-GAAP measures included in this news release has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of the company’s results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the company’s presentation of non-GAAP measures in this news release may not be comparable to similarly titled measures disclosed by other companies, including companies in our industry. The company may also change the calculation of any of the non-GAAP measures included in this news release from time to time in light of its then existing operations to include other adjustments that may impact its operations.

Reconciliations of each non-GAAP measure presented in this news release to the most directly comparable financial measure calculated in accordance with GAAP are included in the release.

 
 
ConocoPhillips
Table 1: Reconciliation of production and operating expenses to adjusted operating costs
$ millions, except as indicated
 

1Q21
Guidance

2021 FY
Guidance

 
Production and operating expenses ~1,410 ~5,625
Adjustments:
Selling, general and administrative (G&A) expenses ~295 ~600
Exploration G&A, G&G and lease rentals ~90 ~300
Operating costs ~1,795 ~6,525
 
Adjustments to exclude special items:
Transaction and restructuring expenses ~(265) ~(325)
Adjusted operating costs ~1,530 ~6,200
 
 
 
ConocoPhillips
Table 2: Reconciliation of adjusted corporate segment net expense
$ millions, except as indicated
 

1Q21
Guidance

2021 FY
Guidance

 
Corporate and Other earnings ~(100) ~(860)
 
Adjustments to exclude special items:
Less unrealized loss (gain) on CVE share ~(285) ~(285)
Less unrealized loss (gain) on FX derivative ~5 ~5
Less transaction and restructuring expenses* ~75 ~90
Less deferred tax adjustment ~75 ~75
Less tax on special items ~(20) ~(25)
Adjusted corporate segment net expense ~(250) ~(1,000)
 
*Represents the estimated amount of transaction and restructuring expenses to be recorded in the Corporate segment. This amount is included in the transaction and restructuring expense figures of $265 million for 1Q21 and $325 million for 2021 FY included in the total company Table 1 above.
 

 


Contacts

John C. Roper (media)
281-293-1451
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Investor Relations
281-293-5000
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  • Fund’s thematic investment approach seeks to identify companies that will benefit from global megatrends in demographic, environmental, technological, and governance transitions
  • Maximizes exposure to companies with a positive impact on the United Nations’ Sustainable Development Goals, as well as those with strong performance on material ESG factors
  • Managed by Mirova, a global leader in ESG investing and part of the PRI Leaders Group 2020

BOSTON--(BUSINESS WIRE)--#ESG--Natixis Investment Managers (Natixis) and Mirova today celebrated the five-year anniversary of the Mirova Global Sustainable Equity Fund (ESGYX), an active, high-conviction global equity mutual fund that seeks to invest in companies that are well-positioned to benefit from long-term technological, demographic, environmental and governance trends that will shape the global economy in the coming decade. The fund is managed by Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investment and one of only 20 asset managers selected by the Principles for Responsible Investment (PRI) organization to the PRI Leaders Group 2020.


Launched on March 31, 2016, the Mirova Global Sustainable Equity Fund is a high-active share, all- cap global equity portfolio that seeks long-term capital appreciation by maximizing exposure to companies with a positive impact on the United Nations’ Sustainable Development Goals, as well as those with strong performance on material environmental, social and governance (ESG) indicators. The fund provides diversified exposure to global equities and can improve investors’ portfolio sustainability and carbon footprint – like all of Mirova’s equity portfolios, the fund is aligned with a 2°C global warming scenario, in line with the Paris Agreement.

“The past five years have only strengthened our conviction that these four major global transitions will drive tremendous opportunities for both investors and society,” said Jens Peers, CFA, CEO and CIO at Mirova US. “We also believe companies that focus on long-term sustainable practices and integrate ESG into their cultures will outperform in the long run and create value for investors.”

“This milestone shows that investments designed to capitalize on ESG factors and trends can be a strong part of investor portfolios,” said David Giunta, CEO for the US at Natixis Investment Managers. “Mirova has been a leader in ESG investing for decades, and this fund continues their tradition of strong active management, engaged stewardship, and investor focus.”

The Mirova Global Sustainable Equity Fund benefits from Mirova’s deeply rooted experience in global sustainable investing and leadership in ESG. The portfolio management team conducts detailed fundamental research to select companies with competitive advantages that seek to deliver value over the long term and have high barriers to entry, drawing on a team of multi-disciplinary specialists and a Responsible Investment Research Team with analysts solely dedicated to thematic ESG research.

The fund is co-managed by Hua Cheng, PhD, CFA®, Amber Fairbanks, CFA® and Jens Peers, CFA®. The fund seeks to maintain a relatively concentrated portfolio of approximately 50 global stocks and is managed by Mirova US LLC. To provide flexibility and choice for investors, the strategy is also available to eligible financial advisors and their clients through retail separately managed accounts (SMA).

The team also co-manages two additional mutual funds which use the same investment approach to build portfolios of stocks focused on different regions. The Mirova US Sustainable Equity Fund (MUSYX), launched by Natixis in December 2020, invests in a portfolio of 30–50 US stocks. The Mirova International Sustainable Equity Fund (MRVYX), launched by Natixis in December 2018, invests in a portfolio of approximately 50 non-US stocks. Both strategies are also available to eligible financial advisors and their clients as SMAs.

About Mirova
Mirova is an investment manager dedicated to responsible investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova’s experts have been pioneers in many areas of sustainable finance. Their ambition is to keep innovating to create the most impactful solutions to meet their clients’ goals. Mirova manages $23.9 billion as of December 31, 2020, which includes $4.96 billion managed by its US subsidiary that manages the Mirova Global Sustainable Equity Fund, Mirova US LLC.

About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms1 with nearly $1.4 trillion assets under management2 (€1,135.5 billion).

Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; Vega Investment Managers;4 and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions, and Natixis Advisors offers other investment services through its AIA and MPA division. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various US registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.

Before investing, consider the fund's investment objectives, risks, charges, and expenses. Visit im.natixis.com or call 800-862-4863 for a prospectus or a summary prospectus or a summary prospectus containing this and other information. Read it carefully.

Natixis Distribution, L.P. is a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Investment Managers. • Natixis Distribution, L.P. is located at 888 Boylston Street, Suite 800, Boston, MA 02199-8197 • 800-225-5478 • im.natixis.com • Member FINRA | SIPC

Risks: Equity securities are volatile and can decline significantly in response to broad market and economic conditions.

Security Risk: Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to change.

1 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
2 Assets under management (“AUM”) as of December 31, 2020 is $1,389.7 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
3 A brand of DNCA Finance.
4 A wholly-owned subsidiary of Natixis Wealth Management.

3507958.1.2


Contacts

NATIXIS INVESTMENT MANAGERS
Kelly Cameron
Tel: 617-449-2543
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Con Edison Has Deployed 4 Million Smart Meters Across its Territory as a Part of its Advanced Metering Infrastructure (AMI) Project

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AMI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that Consolidated Edison, Inc. (Con Edison) has deployed a total of 4 million smart gas modules and electricity meters across its service territory in New York as a part of its Advanced Metering Infrastructure (AMI) project with Itron. The utility has also deployed 25,000 methane detectors developed through Itron’s ecosystem, which have successfully detected and mitigated over 300 valid gas events.


Utilizing Itron’s open, standards-based Industrial IoT (IIoT) platform, Con Edison is able to improve outage detection and restoration, and reduce energy consumption and greenhouse gas emissions by ensuring grid operation is at optimum voltage levels. Leveraging its high-performance network, the utility reads its entire install base of electric meters every 15 minutes, resulting in over 375 million meter reads each day. Taking advantage of Itron’s comprehensive set of managed hosting, operational and analytics services, Con Edison is equipped to maximize its operations and enhance customer service. Con Edison is also improving safety in its delivery of natural gas with New Cosmos’ award-winning battery-powered natural gas detectors. These devices utilize Itron’s Milli™ 5 battery-optimized communications module, enabling them to seamlessly connect to Con Edison’s high-performance IIoT network.

“We are excited to celebrate this impressive milestone with Con Edison, a customer who we continue to collaborate with on innovative projects time and time again,” said John Marcolini, senior vice president of Networked Solutions at Itron. “Our work with Con Edison demonstrates Itron’s commitment to redefine what is possible with intelligent connectivity and to support Con Edison to provide reliable, resilient and efficient energy to its consumers.”

“With Itron’s extensible IIoT platform, we have been able to meet the evolving needs of our customers while bringing greater efficiency, safety and reliability to our delivery of electricity and natural gas,” said Tom Magee, general manager of the AMI implementation team at Con Edison.

About Itron

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

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


Contacts

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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PARIS--(BUSINESS WIRE)--Regulatory News:


With CAN0P-2030 (Carbon Net Zero Plan), Gecina (Paris:GFC) is accelerating its low-carbon roadmap and targeting net zero greenhouse gas emissions for its operations by 2030, building on the successful reduction of its carbon emissions by 26% over the past four years.

Transformative ambition aligned with Gecina’s core values

The Company’s CSR policy is wide-ranging, integrated and fully aligned with its purpose: “Empowering shared human experiences at the heart of our sustainable spaces”. The decarbonization of its activities is at the heart of this policy, which is structured around four pillars: low carbon, biodiversity, wellbeing and circular economy.

Driven by its tangible results since 2017, Gecina is accelerating its targets faced with the climate emergency by aiming to achieve net zero carbon emissions by 2030 across its operational portfolio, bringing its initial target forward by 20 years.

Low-carbon know-how and concrete results

Since 2008, Gecina has halved its CO2 emissions, including a 26% reduction in the last four years, accelerating its roadmap. This reduction has enabled it to cut its emissions three times more quickly than average for the sector in France according to the Green Building Observatory (OID).

Gecina has a portfolio of buildings that meets the market’s best standards, with HQE/BREEAM In Use certification for 80% of its office assets (versus just 11% of the market according to an OID benchmark), while 100% of its buildings under development have the highest levels of certification.

Alongside this, Gecina has rolled out the BBCA Renovation label across its development pipeline, thanks in particular to its circular economy policy, which contributes to the portfolio’s carbon performance once assets are in operation. Today, these projects are around 40% more carbon-efficient during their construction phase than they were in 2016.

Thanks to all of these performances, Gecina is regularly ranked as one of the most advanced companies for CSR by the leading sustainability rating agencies. Its ambitious low-carbon strategy was recognized by the Carbon Disclosure Project (CDP), which awarded it its highest “A List” status.

To achieve its goal of net zero carbon emissions, Gecina is leveraging several operational aspects:

- Deploying low-carbon solutions on a wide scale, industrializing processes and working with an ecosystem of innovative partners, from industrial firms to startup incubators and investment funds such as Demeter Paris Fonds Vert and Fifth Wall,

- Increasing the use of renewable energies, which already represent 40% of the energy mix with its CSR policy,

- Continuing to reduce energy consumption by carrying out renovation work,

- Further strengthening the integration of its environmental and financial performance by continuing to set up responsible loans.

Collective, company-wide ambition

CAN0P-2030 will help drive the Company’s transformation and aims to bring on board all of its employees and external stakeholders (clients, suppliers, city organizations, etc.).

To achieve its ambitions, the Company is moving forward with the deployment of shared value creation drivers that have already been put in place, including:

  1. Establishing an internal carbon tax covering CO2 emissions for each operational division. This internal tax feeds into an internal carbon fund focused on supporting low-carbon actions proposed by employees. In the past two years, 13 projects have been supported.
  2. Incorporating an environmental performance criterion into long-term incentive plans for its employees.
  3. Setting up a Corporate Social Responsibility Committee within its Board of Directors in 2020.
  4. Integrating CSR into all of the Company’s activities (employee empowerment and engagement, cultural integration and training).

About Gecina

As a specialist for centrality and uses, Gecina operates innovative and sustainable living spaces. The Group owns, manages and develops Europe’s leading office portfolio, with nearly 97% located in the Paris Region, and a portfolio of residential assets and student residences, with over 9,000 apartments. These portfolios are valued at 19.7 billion euros at end-2020.

Gecina has firmly established its focus on innovation and its human approach at the heart of its strategy to create value and deliver on its purpose: “Empowering shared human experiences at the heart of our sustainable spaces”. For our 100,000 clients, this ambition is supported by our client-centric brand YouFirst. It is also positioned at the heart of UtilesEnsemble, our solidarity commitment program to the environment, to people and to the quality of life in cities.

Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60, CAC 40 ESG and Euronext 100 indices. Gecina is also recognized as one of the top-performing companies in its industry by leading sustainability benchmarks and rankings (GRESB, Sustainalytics, MSCI, ISS ESG and CDP).

www.gecina.fr


Contacts

GECINA

Financial communications
Samuel Henry-Diesbach
Tel: +33 (0)1 40 40 52 22
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Virginie Sterling
Tel: +33 (0)1 40 40 62 48
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Press relations
Julien Landfried
Tel: +33 (0)1 40 40 65 74
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Armelle Miclo
Tel: +33 (0)1 40 40 51 98
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First plastic-neutral retailer hits milestones on path to becoming 100% plastic free by 2025; calls on industry peers to join the fight against single-use plastic

SAN FRANCISCO--(BUSINESS WIRE)--Today, Grove Collaborative, a leading sustainable consumer packaged goods company that creates innovative natural products and offers a curated selection of healthy home essentials such as cleaning supplies and personal care products, celebrates the one-year anniversary of Beyond Plastic, its comprehensive initiative to help Grove achieve its ambitious goal of becoming 100% plastic free by 2025 and a way to lead the industry out of single-use plastic. Having made significant progress in the past year against its plans, Grove is calling on industry peers to join in the necessary effort to move away from the reliance on single-use plastic.


The first plastic-neutral retailer shares five updates on its accomplishments to date including: the latest metrics from its Plastic Scorecard, the creation of the Plastic Working Group, the recent launch of Grove’s plastic-free owned brands, achievements from its partnership with Plastic Bank® and rePurpose Global, and the launch of its partnership with Recyclops.

“We are proud to celebrate Beyond Plastic’s one-year anniversary, and as we get closer toward our goal of becoming 100% plastic free by 2025, we are urging our industry to join us in the fight against single-use plastic,” said Stuart Landesberg, Co-Founder & CEO of Grove Collaborative. “To address the climate crisis is not enough for businesses to reduce environmental impact. It is imperative that they create positive impact. At Grove, our mission is to show that CPG products can be a positive force for human and environmental health, and with Beyond Plastic we are taking a collaborative approach with our industry to address the single-use plastic problem.”

Grove’s latest Plastic Scorecard shows Beyond Plastic is making significant impact:

  • Grove’s plastic-free products have avoided 1.93M lbs of plastic from entering landfill in 2020
  • Grove’s customers have avoided over 4M lbs of plastic being used, by choosing Grove’s plastic reducing and plastic-free products (versus using conventional, mass market alternatives)
  • Grove’s reusable bags have avoided 1.60M lbs (or 81M single-use gallon bags) of plastic from landfills since the launch of the product
  • Grove’s soap refills have avoided 257,000 lbs of plastic (or a week’s worth of trash for 8,900 households) from landfills since the launch of the product
  • Grove’s cleaning concentrates have avoided 963,000 lbs of plastic from entering landfills since the launch of the product

Grove is leading a collective of CPG companies to innovate out of single-use plastic with its Plastic Working Group:

  • In 2020, Grove created a third-party Plastic Working Group for brands to collaborate and work together to solve the plastic problem. The group is comprised of 63 of Grove’s third party brands such as Seventh Generation, Method and others who are working to make a difference. Grove’s aim with this group is to catalyze the home and personal care industry through collaboration, thought leadership, pre-competitive conversations and sharing of best practices.

Grove’s plastic-free owned brands Peach and Grove Co.’s cleaning products are addressing the single-use plastic problem:

  • The company recently introduced Peach, a line of 100% plastic-free non-compromise personal care products. Peach is on a mission to eliminate plastic out of the personal care routine and in its first year the product line is expected to save 100,000 lbs of plastic.
  • In addition, Grove launched a fully plastic-free line of cleaning products engineered to help solve the world’s single-use plastic problem. In 2021, Grove’s plastic free cleaning concentrates and hand and dish soaps will avoid 994,776 pounds of plastic from entering our environment (compared to conventional plastic formats).

Since March 2020, Grove’s partnership with Plastic Bank® and rePurpose Global collected and recycled over 5.3M lbs of ocean-bound plastic:

  • Partnering with Plastic Bank® and rePurpose Global to achieve plastic neutrality, Grove’s owned and third-party brands are currently subject to a plastic offset “tax,” where the company calculates the amount of plastic sent to consumers and then works with Plastic Bank® and rePurpose Global to collect and recycle the equivalent amount of ocean-bound plastic – meaning there is a cost the company is imposing on itself for everything the company ships containing plastic, even recycled. The funds are then used to uplift collectors in coastal communities where most of the plastic ends up.
  • Through the partnership with Plastic Bank® and rePurpose Global, Grove is holding itself accountable to implement the permanent changes the whole industry needs. Exercising this tax is one of our key first steps toward becoming 100% plastic free, while also setting an example that can translate across industries.

Grove is partnering with Recyclops to pilot glass recycling programs in cities across the U.S.: Based on EPA data, as of 2018, the recycling rate of glass in the United States is only 31% and many of Grove’s customers do not live in geographic areas where waste providers offer glass recycling programs. The Recyclops partnership will make glass recycling easier and more accessible to Grove customers, which will ensure that a greater portion of Grove packaging is reused.

In 2021, moving Beyond Plastic remains paramount for Grove and the company will continue to make strides towards removing plastic from everything they make and sell, while pushing the industry to do the same. As a part of its efforts, Grove recently announced its conversion to a Delaware public benefit corporation (PBC). With a vision of CPG being a positive force for human and environmental health, converting to a PBC will allow Grove to continue its for-profit strategies while balancing the interests of its shareholders, its public benefit purpose and the interests of other stakeholders. Grove was also recently named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021, ranked No. 2 in the Corporate Social Responsibility category.

About Grove Collaborative:

Launched in 2016 as a Certified B Corp, Grove Collaborative creates innovative natural products and offers a curated selection of healthy home essentials like cleaning supplies and personal care products. With a flexible, monthly delivery model and access to knowledgeable Grove Guides, Grove’s platform makes it easy for people to switch to healthier, more sustainable routines. Every item Grove offers, both from their flagship Grove Co. brand and from exceptional third-party brands, has been thoroughly vetted against strict standards for sustainability, efficacy and supply chain practices. On a mission to move Beyond Plastic, Grove is the first plastic neutral retailer in the world and is committed to becoming 100% plastic-free by 2025. For more information, visit grove.co/beyondplastic.


Contacts

Media Contact
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Transaction remains on track to close in the second half of 2021

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that, together with TNMP (Texas-New Mexico Power Company), it has reached a unanimous settlement with the Staff of the Public Utility Commission of Texas (PUCT) and the intervenors. The signed agreement has been filed with the PUCT by AVANGRID, TNMP, Staff and the intervenors in the proceeding for the approval of the proposed merger with PNM Resources (NYSE: PNM). TNMP is the PNM Resources Texas utility subsidiary.


The PUCT is expected to consider the unanimous settlement in the near future. In the settlement, all parties agree the proposed merger, including the regulatory commitments made by the applicants, is in the public interest.

“We are pleased with the Texas settlement milestone and the continued progress of the required regulatory approvals for this important transaction,” said Dennis V. Arriola, CEO of AVANGRID. “We are hopeful the unanimous settlement will result in approval of the combination between PNM Resources and AVANGRID.”

“Combining AVANGRID and TNMP’s parent company, PNM Resources, strengthens our commitment to a clean energy future,” Arriola continued. “The merger will deliver tangible benefits for Texas customers, while maintaining the crucial role of TNMP’s senior management and employees in managing the utility.”

Today’s announcement follows the recent Federal Communications Commission (FCC) approval, the approval of the merger by PNM Resources’ shareholders, the receipt of regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) and the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

In addition to the settlement, AVANGRID continues to pursue state and Federal regulatory approvals for the merger, including from the Nuclear Regulatory Commission and the Federal Energy Regulatory Commission (FERC), as well as the New Mexico Public Regulation Commission.

AVANGRID announced the strategic PNM Resources merger combination in October 2020 in an all cash offer for PNM Resources’ shares at $50.30 per share, an $8.3 billion enterprise value transaction. The resulting entity would be one of the major clean energy companies in the US with ten regulated utilities in six states and the third largest renewables company with operations in 24 states.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

Forward-Looking Statements

Certain statements made in this press release for AVANGRID that relate to future events or expectations, developments, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. All statements contained in this Press Release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as “may,” “will,” “would,” “can,” “expect(s),” “intend(s),” “anticipate(s),” “estimate(s),” “believe(s),” “future,” “could,” “should,” “plan(s),” “aim(s),” “assume(s)”, “project(s)”, “target(s)”), “forecast(s)”, “seek(s)” and or the negative of such terms or other variations on such terms, comparable terminology or similar expressions. These forward-looking statements generally include statements regarding the potential transaction between AVANGRID and PNM Resources, including any statements regarding the expected timetable for completing the potential merger, the ability to complete the potential merger, the expected benefits of the potential merger, projected financial information, future opportunities, and any other statements regarding AVANGRID’s and PNM Resources’ future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current reasonable beliefs, expectations and assumptions. AVANGRID assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, AVANGRID cautions readers not to place undue reliance on these statements.

AVANGRID’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see AVANGRID’s Form 10-K and Form 10-Q filings and the information filed on Avangrid’s Forms 8-K with the Securities and Exchange Commission (the “SEC”) as well as its subsequent SEC filings, and the risks and uncertainties related to the proposed merger with PNM Resources, including, but not limited to: the expected timing and likelihood of completion of the pending merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed Merger, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of PNM Resources to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.


Contacts

Media:
Zsoka McDonald, 203-997-6892 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors:
Patricia Cosgel, 203-499-2624 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Avetta Connect™ Enhanced to Intelligently Match Suppliers to Requirements and Provide Improved Service Tiering

OREM, Utah--(BUSINESS WIRE)--#riskmanagement--Avetta®, the leading provider of supply chain risk management software, is adding an intelligent supplier classification tool to Avetta Connect™ to better pair different supplier types to the safety and certification requirements for the work they are doing. The new process, available in early April, both streamlines supplier onboarding and adds more service levels, providing a better fit to a broader range of suppliers.


“The Avetta Connect platform is unique because it manages a broad number of suppliers across a very diverse set of industries,” said Taylor Allis, chief product officer of Avetta. “To scale the digitization of our clients’ supply chain risk management programs, we need to deliver new ways to intelligently automate the classification and management of supply chain vendors. Avetta Connect’s newest features enable clients to automatically map compliance requirements to companies based on their attributes on a global scale.”

How it Works

  1. Suppliers are brought through an efficient registration process where they are intelligently classified by risk level based on their company type, industry and the work they are doing. Classifications are driven by international industry standards.
  2. Companies configure their compliance and prequalification requirements in the Avetta platform for all supplier types, classifications and these new risk levels.
  3. Suppliers are instantly mapped to the right services where they complete evaluation questionnaires, provide relevant performance indicators, and upload supporting documentation to complete their onboarding process.
  4. Suppliers are then evaluated against the right compliance standards based on location, local laws, industry, work type and client requirements to ensure even safer and more sustainable working conditions.

Avetta Connect

Avetta Connect creates an easy and customized way for clients to communicate their specific requirements for each job. These requirements are not limited to just safety and health but can also be customized to additional environmental, social and governance specifications.

“Safety prequalification is something we consider a critical component to the services that we provide to our clients,” said Trey Hollingsworth, CSP, Director, Health, Safety & Environmental, UP Professional Solutions. “We are proud to maintain the highest levels of safety and compliance at UP Professional Solutions. The Avetta network continues to make this process easier for us to work with our clients, ensuring we are all committed and held accountable for our safety performance.”

Suppliers are intelligently assessed and routed through the correct evaluation process based on the services and products they offer. With Avetta Connect’s enhanced analytics—statistics, incident records, history and other performance indicators—clients create configurable dashboards and reports, gaining visibility down to the employee level for specific job roles and work location.

By joining Avetta’s network, suppliers also gain access to the Avetta Marketplace, a resource to purchase discounted safety products and other safety-related services.

About Avetta

Avetta offers a configurable SaaS-based solution that assists organizations – both large and small – in managing supply chain risk across a variety of disciplines. Avetta is building the world’s most intelligent supply chain risk management network to advance clients’ safety, resilience and sustainability programs. Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. Avetta currently serves more than 450 enterprise companies and 100K suppliers across 100+ countries.


Contacts

SnappConner PR
Mark Fredrickson, +1 801-806-0161
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Avetta
Scott Nelson, +1 801-850-3363
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150 DC fast charging spots funded thus far paves the way toward Collaborative’s $1 billion national charging goal

ALEXANDRIA, Va. & CAMPBELL, Calif.--(BUSINESS WIRE)--#Bethechange--ChargePoint, Inc. (NYSE:CHPT) a leading electric vehicle (“EV”) charging network, and NATSO, representing travel plazas and truckstops, today announced significant progress in the first year of the National Highway Charging Collaborative, an initiative that will leverage $1 billion in public and private capital to deploy charging at more than 4,000 travel plazas and fuel stops serving highway travelers and rural communities nationwide by 2030. In its first year, the public-private Collaborative successfully funded more than 150 DC fast charging spots with additional access to more than 1,500 publicly available DC fast charging spots for consumers on ChargePoint’s existing network.


The Collaborative continues to aggressively scale its efforts, expecting to reach $1 billion in investments by 2030. This is in line with the expected arrival rate of dozens of new EV models. The National Highway Charging Collaborative is increasing access to EV charging along highways and in rural North America by filling infrastructure gaps along the National Highway System, including along the Federal Highway Administration's (FHWA) designated alternative fuel corridors. The FHWA also highlights the National Highway Charging Collaborative as part of its Alternative Fuel Corridors Best Practices.

Bloomberg NEF estimates EVs will make up 10 percent of all vehicles sold by 2025 and increase to more than 29 percent by 2030. With more than $11 million of public and private funding leveraged to date as part of the Collaborative, new fast charge sites are connecting rural communities and enabling long distance electric travel across more than eight states including California, Florida, Iowa, Missouri, and Washington. The Collaborative has attracted support from some of the nation’s most prominent travel plaza, convenience store and truckstop brands, including Kum & Go, Donna’s Travel Plaza, Love’s Travel Stops and Trillium, its alternative and renewable fuel provider; the Iowa 80 Group, and others.

“ChargePoint’s ongoing effort to significantly expand access to charging across cities, rural communities, and along highways is core to our mission and the collaboration with NATSO is already making significant progress toward that goal,” said Colleen Jansen, Chief Marketing Officer, ChargePoint. “The National Highway Collaborative is poised to be one of the nation’s foremost examples of how partnerships can be designed to scale vital charging infrastructure. The progress to date has created the foundation for the scaling of fast charging to support long distance electric travel and enable fast charging in urban and rural communities as a complement to the buildout of level 2 charging nationwide. The buildout of charging is expected to increase in the coming years in line with dozens of new EV models anticipated to hit North American roads as the shift to electrification takes hold.”

“Together with ChargePoint, we are harnessing the nation’s vast fuel retailing network to ensure that drivers of electric vehicles have a reliable place to fuel,” said NATSO President and CEO Lisa Mullings. “In order for consumers to move to EVs, they need to be confident that they will be able to refuel as reliably as they do today. With thousands of established locations crisscrossing the nation, the private sector will ensure that drivers of electric-powered cars will not suffer from range anxiety. We are well suited to efficiently meet customer demand for electricity while providing the amenities and safe experience that they have come to expect as they refuel.”

“Kum & Go is looking to the future with electric vehicle charging,” said Ken Kleemeier, Vice President, Fuels at Kum & Go. “The marketplace is moving in this direction, and Kum & Go is putting the infrastructure in place to ensure that we are ahead of the curve.”

"We believe that EV charging will be an important service that our customers will demand in the years ahead,” said Brian Couch, Owner of Donna’s Travel Plaza in Tulalip, Washington. “We are happy to be working with NATSO and ChargePoint to help us begin offering these services to our customers."

As part of an MOU announced in February 2020, the two organizations agreed that the National Highway Charging Collaborative will, by 2030:

  • Deploy charging infrastructure at 4,000 travel centers and fuel stops, leveraging $1 billion in capital.
  • Provide charging infrastructure at fueling locations across the United States with a focus on connecting rural communities.
  • Expand availability of charging infrastructure and connect existing Federal Highway Administration-designated FAST Act corridors.
  • Work together to achieve policy outcomes to support each of these objectives.

The Collaborative also advocates for public policies that are designed to create a business case for off-highway fuel retailers to invest in EV charging infrastructure. In those jurisdictions, the initiative continues to identify an increasing number of public and private funding sources available to support the expansion of EV charging at strategically determined locations.

For more information about the National Highway Collaborative, visit nationalhighwaychargingcollaborative.com.

About ChargePoint

ChargePoint is creating the new fueling network to move all people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and most complete portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 90 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. press offices or the This email address is being protected from spambots. You need JavaScript enabled to view it..

About NATSO

NATSO has been representing travel plaza and truckstop owners and operators for nearly 60 years and pursues a clear mission: to advance the success of truckstop and travel plaza members by delivering solutions to members’ challenges and achieving the public policy goals of the truckstop and travel plaza industry. Headquartered just outside Washington, D.C., NATSO is the only national trade association representing the travel plaza and truckstop industry. NATSO advances the industry’s interests on highway issues such as commercialization, tolling and truck parking and represents the industry on environmental and energy issues. Contact: This email address is being protected from spambots. You need JavaScript enabled to view it., Vice President, Public Affairs.


Contacts

Darryll Harrison, This email address is being protected from spambots. You need JavaScript enabled to view it.

Only API-Powered Platform with Brandable Hardware Specifically Designed to Strengthen Customer Engagement for Organizations Committed to Sustainability

NEW YORK--(BUSINESS WIRE)--EVPassport, the EV charging hardware and software platform for purpose-driven organizations, today announced the first and only open EV charging platform. Consisting of brandable hardware and API-driven software, EVPassport enables organizations to integrate the EV charging experience directly into their existing consumer-facing applications and services – providing customers with a branded EV charging experience that is compatible with any vehicle.


“We founded EVPassport with two fundamental goals: provide the most seamless EV charging experience for drivers possible; and empower brands to control and enhance customer engagement,” said Aaron Fisher, CEO and Co-founder, EVPassport. “Our API-driven approach significantly reduces the barriers to electric vehicle adoption and increases the incentive for retail, hospitality, CRE and consumer-facing brands to install EV chargers and advance the global sustainability movement.”

The number of electric vehicles in the United States is projected to increase from 1.5 million in 2020 to up to 35 million by the end of the decade. According to Deloitte, the greatest concern for EV adoption in America is a lack of EV charging infrastructure. By requiring separate applications, accounts and top-up balances, traditional EV charging networks present additional barriers to accessing already limited availability.

EVPassport removes these barriers with an interoperable network providing open REST API sets for location information, real-time availability, billing rates and more. Through its Google Maps integration, drivers can see charger locations and click directly through to start a charging session without having to download an additional app or create a separate provider account. The company’s API-driven platform enables developers to integrate live EVPassport chargers directly into their applications, electric vehicle dashboards, services and more to control the user experience and drive brand engagement.

Newlab is a community of experts and innovators applying transformative technology to solve the world’s biggest challenges. Newlab is installing several chargers at its Brooklyn Navy Yard headquarters to help meet the EV charging needs of its growing community of more than 800 entrepreneurs that include material scientists, roboticists, computer vision experts and data scientists.

“Newlab is dedicated to championing innovation and frontier technologies that build a more resilient, sustainable world. When we were looking to deploy EV charging stations on our properties, EVPassport’s open APIs and universal availability made the company the obvious choice,” said Shaun Stewart, CEO, Newlab. “Additionally, the EVPassport team supported us through our NYSERDA rebate pre-approval process, which covers the cost of the hardware, software and installation. It enables us to increase brand engagement and generate revenue immediately, while providing a seamless experience to our members.”

As a public benefits corporation, EVPassport is dedicated to thinking beyond profitability to simplify the process for organizations to purchase and install EV chargers. The company provides both Level 2 and DC fast chargers. All chargers are equipped with LTE and are payment-enabled, making them out-of-the-box ready for use with any EV brand. EVPassport chargers deliver drivers an app-less charging experience built around the ability to scan a QR code, pay and go. Charger owners receive an energy management solution that is customizable to meet brand standards, creates an additional source of income and meets the charging needs of all consumers.

For more information regarding EVPassport API integration, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..

About EVPassport

EVPassport is the EV charging hardware and software platform for purpose-driven organizations. Brands committed to sustainability rely on EVPassport to provide their customers with the most seamless payment experience to charge any electric vehicle without requiring a separate app, account or a top-up balance. And EVPassport is the only platform that enhances customer engagement for these companies by providing custom branded hardware with API-powered software that easily integrates with their existing applications and services. For more information, follow EVPassport on Twitter (@EVPassport), Instagram (@EVPassport) and LinkedIn, or visit www.EVPassport.com.


Contacts

Geoff Lopes
fama PR for EVPassport
617-986-5038
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Bloom to Deploy More than 40 Megawatts of Energy in the Northeast under Distributed Energy Resource Program

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) today announced it has begun to deploy a portfolio of more than 40 megawatts of solid oxide fuel cells in the Northeast through a series of agreements under a Community Distributed Generation (CDG) program, which encourages investment and deployment of clean energy technologies. The initial portfolio of projects is being deployed in New York.



The current CDG program incentivizes developers to install clean power generation within the grid distribution network to alleviate stress on the electric grid, decrease harmful greenhouse gas emissions and air pollutants, reduce costs, and enhance energy reliability. Consumers, meanwhile, can purchase cleaner, more affordable and resilient power.

CDG customers will receive utility bill credits for using power produced by Bloom’s Energy Servers. Customers – particularly small businesses with smaller loads and residential customers – will now have greater choice and access to cost-effective and more resilient energy sources. Utilities benefit from increased grid resiliency and lower transmission and distribution infrastructure outlays, as the power generation system is located within the distribution infrastructure.

In addition to providing cost savings and improving power reliability, Bloom’s Energy Servers are expected to reduce carbon emissions by nearly 50,000 metric tons annually compared to the current grid alternative – the equivalent to taking more than 11,000 cars off the road for one year. Bloom Energy’s servers produce electricity through a highly-efficient, non-combustion process, so smog-forming pollutants and particulate matter are reduced by more than 99%. More information on how fuel cells work can be found here.

“Community distributed generation can be a national model to provide small businesses and residential customers greater access and choice for clean and reliable power generation sources,” said Ivor Castelino, managing director, business development, Bloom Energy. “These types of projects allow Bloom to provide clean power in a small footprint with enhanced resiliency to customers who, otherwise, have not had a choice for their energy needs. Bloom’s compact, easily deployed energy solutions are ideally suited to highly populated areas, where reducing greenhouse gas and air pollution, while enhancing reliability of the local electric grid, are of paramount importance.”

Bloom has signed agreements for CDG projects totaling more than 40 megawatts in various stages of development, with 7.5 megawatts already deployed on Staten Island, New York. Bloom Energy’s development partners and investors in these projects include Captona, Daroga Power, NineDot Energy, and South Jersey Industries, among other partners.

“Bloom Energy provides Captona the ideal growth technology and long-term reliability for our sustainable investing goals in clean and renewable projects,” said Izzet Bensusan, founder and managing partner, Captona. “As a current owner and operator of multiple projects, we foresee additional expansion in our investments with Bloom and their upcoming solutions, such as bringing hydrogen to our portfolio mix.”

"Coupling Daroga Power’s expertise in distributed energy generation and structured finance along with Bloom’s cleaner and more resilient energy is a game changer for New York communities,” said David Matt and Ory Moussaieff, co-founders, Daroga Power. “Supporting our nation’s goals to provide reliable power and combat climate change, we look forward to continuing to deploy such innovative energy sources throughout the country."

“Our communities deserve greater choice and clean energy options,” said David Arfin, co-founder and CEO of NineDot Energy. “By partnering with Bloom, we are proud to bring sustainable and reliable energy to New Yorkers, accelerating NineDot’s position as a leading developer of distributed energy solutions in New York City.”

“Our employees, customers, shareholders and regulators are looking to us for the cleanest energy solutions we can deliver. SJI is committed to advancing positive environmental outcomes, including reducing carbon emissions, promoting energy efficiency, and enhancing the deployment of clean energy technologies,” said Mike Renna, CEO and president, SJI. “Our partnership with Bloom helps us take an additional step in our efforts to build a clean energy future in our region.”

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

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties, including Bloom Energy’s expectations regarding reduced carbon emissions and ability to enhance the reliability of the local electric grid; and Bloom Energy’s expectations that CDG can be a national model to provide small businesses and residential customers greater access and choice for clean and reliable power generation sources. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the Risk Factors section of Bloom Energy’s Annual Report on Form 10-K for the year ended December 31, 2020 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.


Contacts

Media Relations:
Jennifer Duffourg
Bloom Energy
+1 (480) 341-5464
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Investor Relations:
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A new energy storage project marks the next frontier of Apple’s efforts to become carbon neutral for its supply chain and products by 2030

CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced over 110 of its manufacturing partners around the world are moving to 100 percent renewable energy for their Apple production, with nearly 8 gigawatts of planned clean energy set to come online. Once completed, these commitments will avoid over 15 million metric tons of CO2e annually — the equivalent of taking more than 3.4 million cars off the road each year. Additionally, Apple is investing directly in renewable energy projects to cover a portion of upstream emissions, as well as a major energy storage project in California to pilot new solutions for renewable infrastructure.

“We are firmly committed to helping our suppliers become carbon neutral by 2030 and are thrilled that companies who’ve joined us span industries and countries around the world, including Germany, China, the US, India, and France,” said Lisa Jackson, Apple’s vice president for Environment, Policy, and Social Initiatives. “In a year like no other, Apple continued to work with a global network of colleagues, companies, and advocates to help make our environmental efforts and everything we do a force for good in people’s lives — and to work alongside the communities most impacted by climate change.”

Last July, the company unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030. Since that announcement, Apple has significantly increased the number of its suppliers that are transitioning to renewable energy. Apple is already carbon neutral today for its global corporate operations, and this new commitment means that by 2030, every Apple device sold will have net zero climate impact. The company recently shared new details about its $4.7 billion spend in Green Bonds to support environmental projects around the world.

Supplier Commitments and Global Energy Projects

Apple is constantly developing new tools for its suppliers to help execute on their renewable energy goals, and bring new clean energy to communities across the globe. In Europe, DSM Engineering Materials’s wind power purchase agreement is bringing new clean energy to the grid in the Netherlands, and STMicroelectronics’s solar carport in Morocco is supporting regional energy production. Companies like Solvay are now expanding their use of renewable energy to their broader operations after joining Apple’s Supplier Clean Energy Program five years ago. In the US, Alpha and Omega Semiconductor, Marian, The Chemours Company, and Trinseo all recently committed to the program. And, in China, 15 suppliers have joined Apple’s program since July 2020.

Sharing the experience gained through Apple’s own transition to 100 percent renewable energy with its suppliers, the company introduces suppliers to resources and training materials with country-specific information to guide them in their transition to renewables. Apple also educates suppliers through advanced and customized training with leading experts. And the company supports the creation and growth of renewable energy industry associations that its suppliers can join to learn about local opportunities.

In many markets where the company operates, suppliers have limited options to access clean energy. To break down that barrier, Apple created the China Clean Energy Fund, which enables Apple and its suppliers to invest in clean energy projects totaling more than one gigawatt of renewable energy in China. Apple also connects suppliers with opportunities to buy renewable energy directly from project developers and utilities as those models emerge around the globe.

Looking ahead, Apple’s work with its suppliers will include sharing lessons learned from the next frontier of Apple’s renewable energy efforts: investing in storage solutions for renewable sites.

Energy Storage and 2030 Progress

Apple is constructing one of the largest battery projects in the country, California Flats — an industry-leading, grid-scale energy storage project capable of storing 240 megawatt-hours of energy, enough to power over 7,000 homes for one day. This project supports the company’s 130-megawatt solar farm that provides all of its renewable energy in California, by storing excess energy generated during the day and deploying it when it is most needed.

Wind and solar power provide the most cost-effective new source of electricity to many parts of the world, but the intermittent nature of these technologies has presented an obstacle to widespread adoption. One solution to intermittency is energy storage, which can retain generated energy until it is needed. Apple is investing in utility-scale storage in California and research into new energy storage technologies, even as it builds upon distributed storage capabilities in Santa Clara Valley and through Apple Park’s microgrid.

Overall, Apple has seen consistent reductions in its carbon footprint, even as net revenue increased. The company’s footprint has decreased by 40 percent, marking steady progress toward its 2030 target, and it has avoided more than 15 million metric tons of emissions through initiatives to use low-carbon materials, drive energy efficiency, and switch to clean energy.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or call Apple’s Media Helpline at (408) 974-2042.

© 2021 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.


Contacts

Press Contact:
Keri Fulton
Apple
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240-595-2691

Report Recognizes Itron for its Ability to Execute and Completeness of Vision

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#GartnerMQ--Itron, Inc. (NASDAQ: ITRI), which is transforming the way utilities and cities manage energy and water, announced that it has been named a Visionary in the March 2021 Gartner Magic Quadrant for Managed IoT Connectivity Services, Worldwide1. According to Gartner, “The Managed IoT connectivity service market enables connectivity, data collection, and analysis and additional decision services that are necessary for connected solutions.”


“We are proud to be named a Visionary by Gartner. We believe this report reinforces our position as an IoT platform solution provider for software and managed services, as well as data management, intelligent analytics and control systems for advanced utility and smart city use cases.” said Don Reeves, senior vice president of Outcomes at Itron. “At Itron, we are focused on supporting utility and city customers by providing intelligently connected solutions such as traffic management, public safety, environmental sensing and more.”

Itron’s standards-based Industrial IoT (IIoT) platform, a multi-application, multi-transport network with distributed intelligence technology and data management capabilities, enables utilities and cities to deliver new services to customers and support a broad ecosystem of IIoT devices. By collaborating with its ecosystem of partners, Itron is continuously creating value-added applications and services that easily connect to its IIoT network. Itron’s platform delivers reliable, resilient performance at a competitive price point for all the use cases a utility or city wants to enable ​via connectivity and inclusion of other IoT edge devices, analytics and a variety of communications options including RF mesh, cellular and more. Customers not only reduce their expenses but improve consumer engagement and distribution system resilience while increasing distributed energy resources.

To download the complete report, visit www.itron.com/IoTMQ.

About Itron

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

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

1 Gartner, Magic Quadrant for Managed IoT Connectivity Services, Worldwide, Pablo Arriandiaga, Eric Goodness, Leif-Olof Wallin, Jonathan Davenport, 24 March 2021

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


Contacts

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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SACRAMENTO, Calif.--(BUSINESS WIRE)--The California Natural Gas Vehicle Coalition (CNGVC) announces the appointment of twenty-year policy veteran Nicole Rice as their new President. In this role, Ms. Rice will work with state regulators and legislators to forge a path towards cleaner air and better environmental solutions that can come from a more inclusive adoption of natural gas fuel and vehicles.



The CNGVC is an association of natural gas vehicle fleets, engine manufacturers, utilities, and fuel providers that are united in the belief that wider adoption of clean-running natural gas vehicles (NGV)—a proven technology in use worldwide—is key to helping California reduce greenhouse gas emissions, air pollution and climate change.

“I am honored to work with such a dedicated group of leaders to address one of the greatest threats to California’s future, the health of our environment,” said Ms. Rice. “Creating a sustainable solution will require implementing all fuel alternatives. Only then can we achieve near term emission reductions that are readily available as well as realize lasting benefits that will improve the health and economic opportunity for all Californians.”

Before joining the CNGVC, Ms. Rice served as Senior Policy Director of Government Relations for the California Manufacturers & Technology Association (CMTA) – a statewide, non-profit association that works to improve and enhance a strong business climate for California's over 30,000 manufacturing, processing and technology based companies. In this role, she worked on a myriad of issues including workforce development, labor and employment, and innovation incentives.

“Over the course of her extraordinary career Nicole has developed and mastered the skills necessary to take a commanding lead of the California Natural Gas Vehicle Coalition,” said CNGVC Chairman of the Board Todd Campbell. “I expect great things to happen with her at the helm. Prepare to be wowed.”

Prior to her nine years at CMTA, Ms. Rice worked as Community Affairs Manager for Nehemiah Corporation of America; Legislative Policy Strategist for Strategic Counsel PLC; Deputy Director for the California Department of Consumer Affairs; Deputy Secretary of Appointments for Governor Arnold Schwarzenegger; and Public Affairs Representative for Southern California Edison.

Ms. Rice holds a Bachelor of Arts degree in Political Science from California State University, Hayward (now known as CSU East Bay) and was awarded her Juris Doctorate from Santa Clara University School of Law. She also serves as a gubernatorial appointee to the California Workforce Development Board.

Ms. Rice started as President of CNGVC on March 18, 2021.


Contacts

Raleigh Gerber
949-437-1397

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today it will release its first quarter 2021 results after the markets close on April 28, 2021, to be followed by a conference call to discuss the results at 8:30 a.m. Eastern Time on April 29, 2021.


To register for this conference call, please use this link http://www.directeventreg.com/registration/event/7927159. After registering, a confirmation will be sent through email, including dial-in details and unique conference call codes for entry. To ensure you are connected for the full call we suggest registering a day in advance or at a minimum 10 minutes before the start of the call. A replay will be available two hours after the call and can be accessed by dialing 800-585-8367, or for international callers, 416-621-4642. The conference ID for the live call and the replay is 7927159. The replay will be available until June 5, 2021.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of Sunnova’s website at www.sunnova.com.

About Sunnova

Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. states and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterruptedTM.

For more information, visit www.sunnova.com, follow us on Twitter @Sunnova_Solar and connect with us on Facebook.


Contacts

Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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(281) 971-3323

Press & Media Contact
Alina Eprimian
Media Relations Manager
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Janisse Quiñones Joins PG&E as Senior Vice President, Gas Engineering

Mark Quinlan Promoted to Vice President, PSPS Operations and Execution

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) today announced the appointment of Janisse Quiñones as Senior Vice President, Gas Engineering, as well as the promotion of Mark Quinlan to Vice President, PSPS Operations and Execution.



“I am thrilled to welcome Janisse to the company and announce Mark’s well-deserved promotion during this important time for PG&E’s customers. Their deep expertise in utility operations, engineering and safety will help us realize PG&E’s full potential as the safe, reliable and affordable energy company that our customers and communities deserve,” said Adam Wright, PG&E’s Executive Vice President and Chief Operating Officer.

Janisse Quiñones, Senior Vice President, Gas Engineering

Ms. Quiñones will be responsible for gas engineering and strategy, overseeing the function’s near-term priorities and long-term planning to support operational execution and sustainability of PG&E’s gas assets.

Ms. Quiñones brings over 20 years of engineering and utility experience, joining PG&E from National Grid, where she served as Vice President of Gas Systems Engineering since 2019. In that role, she was responsible for the engineering and design of natural gas distribution, transmission and infrastructure projects for National Grid’s U.S. territory, and oversaw various meter compliance, design and construction projects. She also brings experience in developing and executing continuous process improvement initiatives and service restoration programs across multiple regions.

Prior to National Grid, Ms. Quiñones served in the U.S. Coast Guard (USCG) both full-time and in the reserves for 17 years, including as Commander and Deputy of Planning and Incident Management. She is an active USCG Reserve Officer and has held prior key leadership roles at Cobra Energy including Vice President of Operations, responsible for the restoration and reconstruction projects of the transmission and distribution electrical systems in Puerto Rico following Hurricane Maria. She held several leadership roles at San Diego Gas & Electric, including Director of Design, Planning, Construction and Vegetation Management. Ms. Quiñones is a licensed mechanical engineer and certified energy manager.

Ms. Quiñones begins on April 26, 2021, and she will report to Mr. Wright on an interim basis, pending appointment of PG&E’s Executive Vice President, Engineering, Planning & Strategy. PG&E expects to announce that appointment in the coming weeks.

Mark Quinlan, Vice President, PSPS Operations and Execution

In his new, elevated role, Mr. Quinlan will oversee the company’s planning, preparation and execution of its Public Safety Power Shutoff (PSPS) program. Mr. Quinlan has been with PG&E for seven years and has nearly 30 years of experience in the electric industry.

Previously, Mr. Quinlan served as Senior Director of Emergency Preparedness & Response which included leadership and oversight of the Wildfire Safety Operations Center, Meteorology Operations, Safety Infrastructure Protection Teams, Public Safety Specialists, Emergency Preparedness Strategy and Execution, Emergency Preparedness Field Operations and the Public Safety Power Shutoff Program. He also served as PG&E’s Incident Commander for emergency response. Prior to joining PG&E, Mr. Quinlan, spent 22 years at Commonwealth Edison in operations and safety leadership roles.

Mr. Quinlan’s new role is effective April 1 and he will report to Sumeet Singh, Senior Vice President and Chief Risk Officer who is heading PG&E’s Wildfire Risk Organization.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

Media Relations
415.973.5930

NEW YORK--(BUSINESS WIRE)--Daroga Power is a clean energy innovator helping New York City expand the distributed generation platform through a growing network of fuel cell facilities and solar energy arrays. By bringing together leading technology companies, utilities, and green investors, the company is transforming New York's energy future while reducing consumers' costs.


"Distributed generation will play a key role in our sustainable transition to carbon neutrality while improving grid-wide resiliency," said Ory Moussaieff, Co-Founder of Daroga Power.

The recently closed 12-Megawatt fuel cell portfolio consists of 48 Bloom Energy fuel cells located throughout New York City. With an enterprise value of $103 million, Daroga Power privately raised the sponsor & tax equity, while the New York Green Bank provided debt financing.

“NY Green Bank is pleased to provide liquidity to further expand the fuel cell market in New York City, and enable a cleaner, more resilient energy grid for all New Yorkers,” said Kim Erle, Managing Director of NY Green Bank, “Additionally, this transaction supports Governor Cuomo’s goal to ensure that all New Yorkers, including those in disadvantaged communities, have reliable access to cleaner energy.”

The utility distributes energy credits to customers who have signed up for one of Daroga's CDG plans and provides a community distributed credit on the subscriber’s energy bill. Residential and commercial customers can sign up for clean energy credits on Daroga's energy platform, goCDG.com. The program is currently limited to Consolidated Edison’s customers, who are signed up on a first-come, first-served basis.

“As recent events have shown, the need for dependable power is top of mind,” said Ivor Castelino, managing director of business development, Bloom Energy. “The time is now to prioritize building the grid of the future, and we’re proud to work with Daroga to bring alternative power sources and fuels to communities to create a more reliable and sustainable electricity infrastructure.”

Already operating two community solar projects in Brooklyn, constructing three (3) fuel cell facilities on Staten Island and developing one of New York City's largest community solar carport & EV charging project, Daroga is bringing community based distributed generation to New York City at scale.

The company is slated to have a generating capacity in New York City of 20.2 megawatts by the end of 2021.

Daroga has been working closely with the affordable-housing sector to bring cleaner, more affordable electricity to more New Yorkers. Daroga has allocated more than 50 percent of its distributed generation power to low-and moderate-income Con Ed customers who would otherwise have limited access to clean energy.

"Grid vulnerabilities will drive future demand for distributed generation. Our goal is to deploy additional energy resources throughout New York City while securing customers energy bill savings" said Daroga Power Co-founder David Matt.

About Daroga Power

Launched in 2015, Daroga is a New York-based clean energy infrastructure firm focused on strategically innovative and socially responsible projects in North America. The company's experience, expertise and proven process allows for faster development of distributed generation and clean energy projects. With their successful track record and deep background, Daroga is rapidly becoming a leader in the shift to Distributed Generation that is reshaping the relationship between local utilities and their customers.


Contacts

For Inquiries:
David Matt
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www.darogapower.com

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