BETHESDA, Md. & TOKYO--(BUSINESS WIRE)--#CleanEnergy--Enviva, a global renewable energy company specializing in sustainable wood bioenergy, and Mitsui O.S.K. Lines (MOL), a leading global marine transport group, today announced they have signed a memorandum of understanding agreement to develop and deploy an environmentally friendly bulk carrier. The goal of the agreement is to reduce the greenhouse gas (“GHG”) emissions in the ocean transportation of sustainable wood pellets. In the initial stage, the partnership will explore the environmental benefits, commercial and operational feasibilities of various technologies. This will include the “Wind Challenger”, a cargo ship design with a hard sail, which would reduce emissions by harnessing wind energy. MOL have been jointly studying the technology with cross-industrial partners.
“Enviva is very excited to partner with MOL on this innovative project to reduce greenhouse gas emissions in our supply chain,” said Thomas Meth, Executive Vice President, Sales and Marketing of Enviva. “In our recently announced goal of achieving net-zero greenhouse gas emissions by 2030, we committed to proactively engage with our partners and other key stakeholders to adopt clean energy solutions in our supply chain and this is one of the first opportunities for us to explore carbon reductions in our Scope 3 emissions.
MOL has been a long-term shipping partner of Enviva, providing a consistently professional and reliable shipping service, and we look forward to our new level of partnership which will positively impact climate mitigation and reduce carbon emissions.”
Toshiaki Tanaka, Managing Executive Officer and Chief Environment and Sustainability Officer of MOL said, “We are truly excited about this partnership, and it comes at a perfect timing as we start our new business entity, MOL Drybulk, this April. By integrating the various areas of Drybulk businesses amongst our group, MOL Drybulk will aim to improve our service and provide solutions to meet the various needs of our customers, including the reduction of emissions from our shipping service. This is not an easy challenge, especially when we aim to introduce new technologies such as the Wind Challenger, so it is extremely encouraging to have Enviva as our partner, whose core mission is to fight climate change, and with their passion and determination, have proved that they can make a difference.”
Plans to develop the Wind Challenger started in 2009 as an industry-academia joint research project led by the University of Tokyo. MOL took charge of the plan in 2018 and has been working on the technology since. The first Wind Challenger is scheduled to be released in 2022. The system converts wind energy to propulsive force with a telescopic hard sail. The long-term goal is to develop a widely accepted shipping solution to achieve the International Maritime Organization target in combination with other measures to reduce GHG by equipping vessels with multiple sails.
For more details about the Wind Challenger and its transformative technology take a look at a feature video here.
About Enviva Partners, LP
Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, Europe, and increasingly in Japan. The Partnership owns and operates nine plants with a combined production capacity of approximately 5.3 million MTPY in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. In addition, the Partnership exports wood pellets through its marine terminals at the Port of Chesapeake, Virginia and the Port of Wilmington, North Carolina and from third-party marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com and follow us on social media @Enviva.
About Mitsui O.S.K. Lines, Ltd. (MOL)
Mitsui O.S.K. Lines, Ltd. (MOL), as a global marine transport group, operates a global fleet exceeding 700 vessels, including tankers, bulkers, car carriers, ferries, which also extends to offshore projects. Under the “MOLGROUP Environmental Vision 2.0” established in June 2020, MOL clarifies its commitment to achieve sustainable “Net Zero GHG Emissions” through collective efforts with all capabilities within the group.
MOL has recently announced the integration of their Drybulk business and the establishment of “MOL Drybulk Ltd.” From this April. MOL Drybulk will be a unique entity operating vessel ranging from 10,000DWT up to 100,000DWT bulk carriers, wood chip carriers and multi-purpose vessels, with the aim to provide a “one-stop service” to the customers, work collaboratively to meet their needs and provide environmental solutions to reduce the GHG emissions throughout the supply chain.
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LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT--BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”) announced today that it has priced its previously announced offering of $400 million aggregate principal amount of 4.125% senior notes due 2029 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”). The Notes will be guaranteed by each of BWXT’s present and future direct and indirect wholly owned domestic subsidiaries that is a guarantor under BWXT’s credit facility.
BWXT intends to use the net proceeds from the offering, together with cash on hand or borrowings under its credit facility, to redeem, on or after July 15, 2021, all of its outstanding 5.375% senior notes due 2026 (the “2026 Notes”) at the then-applicable redemption price. Pending the application of the net proceeds to redeem all outstanding 2026 Notes, BWXT intends to repay in full all indebtedness outstanding under its credit facility, with the remaining net proceeds to be held in cash or invested in short-term interest-bearing accounts, securities or similar investments. The consummation of the offering of the Notes is expected to be completed on April 13, 2021, subject to customary closing conditions.
The Notes and the related guarantees have not been registered under the Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
BWXT cautions that this press release contains forward-looking statements, including, without limitation, statements regarding the anticipated offering of the Notes, the redemption of the 2026 Notes, the repayment of indebtedness under its credit facility and the other expected use of proceeds. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, material adverse changes in economic or industry conditions generally and the market demand for the Notes. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed or implied in these forward-looking statements. For a more complete discussion of other risk factors affecting BWXT, see BWXT’s filings with the Securities and Exchange Commission, including BWXT’s annual report on Form 10-K for the year ended December 31, 2020. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.
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Utilizing artificial intelligence and sophisticated grid emissions intensity data, this collaboration is set to reduce the carbon footprint of buildings by 20 to 50+ percent
MONTREAL & OAKLAND, Calif.--(BUSINESS WIRE)--BrainBox AI, a pioneering leader in autonomous building technology, today announced a partnership with WattTime, an environmental tech nonprofit that empowers people and organizations to slash emissions and use cleaner energy. This partnership will drive increased energy savings and CO2 reductions in commercial real estate across North America. A flagship project with the Great Lakes Protection Fund will similarly leverage joint technology solutions to reduce mercury emissions throughout the Great Lakes watershed.
BrainBox AI is the world’s first fully autonomous artificial intelligence (AI) technology for Heating, Ventilation and Air Conditioning (HVAC) systems. BrainBox AI’s technology continuously makes micro-adjustments to a building’s existing HVAC system, in real-time, based on the monitoring of a multitude of internal and external data points. This industry-defining technology generates up to a 25% reduction in total energy costs, a 20-40% decrease in carbon footprint and a 60% increase in occupant comfort.
Complementarily, WattTime invented Automated Emissions Reduction (AER), software that allows IoT devices such as smart thermostats and electric vehicles to effortlessly and automatically run on cleaner energy. The AER signal enables smart devices—including commercial building energy management systems—to shift the timing of flexible energy use to sync with times of cleaner energy (e.g., wind or solar) and avoid times of dirtier energy (e.g., coal).
BrainBox AI is integrating WattTime’s dynamic marginal emissions signal into its AI data toolkit, to improve its model’s insights into CO2 and mercury emissions-reduction opportunities and enable continuous optimization to further reduce a building’s environmental footprint. The WattTime technology ‘supercharges’ BrainBox AI’s eco benefits, with up to an additional 15% emissions-reduction potential above and beyond baseline.
“Buildings are the largest consumers of energy on our planet and this exciting partnership with WattTime will not only create significant energy savings, but also make a very meaningful impact on the GHG emissions of buildings,” said Sam Ramadori, President of BrainBox AI. “Combining WattTime’s emissions data and signal with BrainBox AI’s autonomous AI technology is the kind of game-changing, scalable innovation that we desperately need to battle climate change.”
Additionally, BrainBox AI, WattTime, and the UC Berkeley Center for the Built Environment are partnering on a project funded by the Great Lakes Protection Fund, to combine the power of BrainBox AI’s optimization engine and WattTime’s AER to help buildings located in and around the Great Lakes reduce their mercury emissions.
“This partnership with BrainBox AI speaks directly to WattTime’s mission of increasing environmental and social good through data-driven tools that empower anyone, including building owners and operators, to choose cleaner energy,” said Laura Corso, Managing Director of Partnerships at WattTime. “We’re excited that this collaboration will enable BrainBox AI’s customers to make their buildings’ environmental footprint even lighter.”
If you are a building owner interested in the benefits of BrainBox AI and Automated Emissions Reduction at your building, please reach out to either WattTime or BrainBox AI.
About BrainBox AI
BrainBox AI was created in 2017 with the goal of redefining building automation through AI to be at the forefront of a green building revolution. Headquartered in Montreal, a global AI hub, BrainBox AI has a workforce of over 80 employees and supports real estate clients in numerous sectors, including office buildings, airports, hotels, multi-residential, long-term care facilities, grocery stores and commercial retail.
BrainBox AI is one of TIME' s Best Inventions of 2020 and works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s École de technologie supérieure (ETS) and McGill University. Learn more about BrainBox AI.
About WattTime
WattTime is an environmental tech nonprofit that empowers all people, companies, policymakers, and countries to slash emissions and choose cleaner energy. Founded by UC Berkeley researchers and now a subsidiary of RMI, we develop data-driven tools and policies that increase environmental and social good. We invented Automated Emissions Reduction (AER), software that allows IoT devices like smart thermostats and electric vehicles as well as entire buildings to effortlessly and automatically run on cleaner energy. We popularized emissionality, a technique to achieve greater avoided emissions through better siting of new renewable energy projects. And we co-founded the global Climate TRACE coalition, which harnesses remote sensing and software intelligence to monitor human-caused GHG emissions in near real time, bringing transparency and accessibility to global emissions. During the energy transition from a fossil-fueled past to a zero-carbon future, WattTime ‘bends the curve’ of emissions reductions to realize deeper, faster benefits for people and planet.
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SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), today announced the closing of an underwritten public offering of 11,960,000 shares of its Class A common stock, including the full exercise of the underwriters’ option to purchase up to 1,560,000 additional shares of its Class A common stock, for gross proceeds of $478.4 million. No shareholders sold in this offering.
Goldman Sachs & Co. LLC and Morgan Stanley acted as joint lead book-running managers for the offering. Deutsche Bank Securities acted as an additional book-running manager. Baird, RBC Capital Markets, Stifel, Nicolaus & Company and Wolfe Capital Markets and Advisory acted as co-managers.
A registration statement relating to the shares sold in this offering was declared effective by the Securities and Exchange Commission on March 25, 2021. Copies of the final prospectus relating to this offering may be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by phone at (866) 471-2526, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About QuantumScape Corporation
QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company's mission is to revolutionize energy storage to enable a sustainable future.
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Combination Creates a Maximo Implementation Center of Excellence and Leading Digital Integrator of Infrastructure Digital Twins
EXTON, Pa.--(BUSINESS WIRE)--The Cohesive Companies, a wholly owned but independently operated digital integrator business unit of Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of Ontracks Consulting, a leading implementer of IBM Maximo headquartered in Edmonton, Alberta, Canada. Ontracks specializes in strategic asset management and operational performance improvement for asset-intensive organizations in energy, utilities, transportation, mining, manufacturing, and government.
The Cohesive Companies address growing demand for enterprise asset management (EAM) and asset lifecycle information (ALIM) environments, leading the way to performance digital twins for public works and industrial/resources infrastructure. The acquisition of IBM Platinum Business Partner Ontracks, joining The Cohesive Solutions and SRO Solutions, adds strength and depth to The Cohesive Companies’ already significant Maximo business.
Asset-intensive organizations need new ways to ramp up their traditional requirements for safety and reliability while improving agility and keeping their costs low. Emerging technologies, leveraging digital twins and the Internet of Things (IoT), are helping to identify and manage asset reliability risks, minimize unplanned downtime, maximize equipment lifespan, and optimize productivity. Ontracks is a leader in providing infrastructure owner-operators enterprise asset management expertise to address these opportunities.
Ontracks offers extensive experience integrating data from varied sources, such as IoT sensors, operational technology (OT) systems, and enterprise resource planning (ERP) systems. Client organizations depend on Ontracks to help deploy Maximo quickly, leverage industry best practices, and decrease overall cost of ownership. Ontracks recently launched Maximo Fastrack, a turnkey, cloud-based Maximo solution that comes pre-packaged with the most common Maximo configurations and workflows. Ontracks is an active contributor to the Canadian Maximo User Group (CanMUG) and to GOMAXIMO, a gas, oil and petrochemical industry-sponsored working group.
Noah Eckhouse, The Cohesive Companies CEO, said, “We are truly excited to welcome the Ontracks team and add their deep experience and skills to The Cohesive Companies—creating a global Maximo implementation powerhouse. Ontracks has consistently delivered positive outcomes for their clients over the past decade, focused on Maximo-based solutions in a variety of industries. By connecting the operational space with the asset and maintenance world, Ontracks is creating examples of success with infrastructure digital twins.”
Craig Mackenzie, co-founder of Ontracks, said, “All of us at Ontracks are looking forward to joining forces with The Cohesive Companies and expanding our scope and capacity to help our users drive their digital transformations. The digital integration of operational technologies with engineering technologies and information technology has massive potential, and Maximo can be a cornerstone of that digital twin vision. As one of The Cohesive Companies, we will be even more empowered to turn that vision into reality.”
Image: Crane
Caption: Ontracks is a leading North American implementer of IBM Maximo and provides services to a multitude of industries, including oil and gas, mining, utilities, and other asset-intensive organizations.
About The Cohesive Companies
The Cohesive Companies form a wholly owned but independently operated business unit of Bentley Systems (Nasdaq: BSY, the infrastructure engineering software company www.bentley.com). The Cohesive Companies provide advisory, systems integration, and technology strategies and services to help infrastructure owner-operators advance their BIM, enterprise asset management (EAM), and asset lifecycle information (ALIM) environments through performance digital twins. The Cohesive Companies comprise PCSG (leading provider of digital advisory services for built-environment owners), SRO Solutions (leading UK-based provider of solutions for IBM’s Maximo EAM software), Cohesive Solutions and Ontracks Consulting (leading North American implementers of Maximo, helping owner-operators to continuously improve their asset management) and Cohesive Asset Performance (leading global integrator for Asset Performance Modeling). www.cohesivecompanies.com
© 2021 Bentley Systems, Incorporated. Bentley, Cohesive Solutions, Cohesive Asset Performance, PCSG, SRO Solutions, Ontracks, and The Cohesive Companies are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.
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HOUSTON--(BUSINESS WIRE)--$NEXT #carboncapture--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has agreed to sell $10 million of Series C Convertible Preferred Stock (Series C Preferred Stock) in a private placement to OGCI Climate Investments Holdings LLP (OGCI Climate Investments).
OGCI Climate Investments is a fund set up by member companies of the Oil and Gas Climate Initiative (OGCI) to catalyze low carbon ecosystems and deliver carbon reduction. One of OGCI Climate Investments’ areas of focus is the capture and storage of carbon dioxide (CCS) in industrial processes including power generation. The fund invests in projects and technologies that are economic and implementable, helping to demonstrate the viability of a global CCS industry.
Earlier this month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest CCS projects in North America at Rio Grande LNG. NEXT Carbon Solutions’ CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of CO2 per year.
“We are pleased to welcome OGCI Climate Investments as a NextDecade investor,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “We share a vision of providing the world access to cleaner energy. This capital will enable the further advancement of NextDecade’s proprietary processes to lower the cost of utilizing CCS technology and the realization of the transformative and impactful contributions that we expect to make to the global energy industry and the quest toward a net-zero future.”
“Through its work at Rio Grande LNG, NextDecade demonstrates the economic and operational viability of CCS to deliver carbon reduction,” said Pratima Rangarajan, OGCI Climate Investments’ Chief Executive Officer. “We believe in NextDecade’s vision of delivering the lowest end-to-end emission LNG possible from the Permian and Eagle Ford basins.”
The offer and sale of the Series C Preferred Stock has not been, and will not be, registered under the Securities Act of 1933 (Securities Act), or any other securities laws, and the Series C Preferred Stock cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About NextDecade Corporation
NextDecade Corporation (NextDecade) is committed to providing the world access to cleaner energy. NextDecade, through its wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. The Rio Grande LNG facility is expected to be the largest and greenest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, visit www.next-decade.com.
About OGCI Climate Investments
OGCI Climate Investments is a $1B+ fund launched in 2016 by the Oil and Gas Climate Initiative, a CEO-led initiative that explicitly supports the Paris Agreement and aims to accelerate the industry response to climate change. The initiative’s members include Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell, and Total.
OGCI Climate Investments invests in technologies and projects that reduce methane and carbon dioxide emissions, and that can recycle or store carbon dioxide (carbon capture, utilization, and storage). Achieving significant impact requires global implementation and commercial frameworks – at OGCI Climate Investments, we collaborate with innovators, investors, and governments to fund and implement impactful solutions.
NextDecade Forward-Looking Information
This press release contains forward-looking statements within the meaning of U.S. federal securities laws including, in particular, statements about the Company’s private placement of Series C Preferred Stock and the use of proceeds thereof. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline's construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; NextDecade’s ability to develop and implement carbon capture and storage or similar technology to reduce anticipated carbon emissions from the Terminal; global pandemics including the 2019 novel coronavirus pandemic and their impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2020 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference. Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
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DUBLIN--(BUSINESS WIRE)--The "Olefin Market Research Report by Product (1-Butene, 1-Decene, 1-Dodecene, 1-Hexane, and 1-Octene), by Application (Adhesives, Cosmetics, Detergent alcohol, Plasticizers, and Polyethylene) - Global Forecast to 2025 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Olefin Market is expected to grow from USD 19,523.68 Million in 2020 to USD 25,235.13 Million by the end of 2025.
Based on Geography, the Olefin Market is examined across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
Company Usability Profiles:
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Olefin Market including Chevron Phillips, Exxon Mobil Corporation, Idemitsu Petrochemical, INEOS Oligomers, ONGC, Sasol, Shell Chemical Ltd., and Sinopec Beijing Yanhua.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward.
The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Olefin Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
3.1. Introduction
3.2. Market Outlook
3.3. Product Outlook
3.4. Application Outlook
3.5. Geography Outlook
3.6. Competitor Outlook
4. Market Overview
4.1. Introduction
4.2. Cumulative Impact of COVID-19
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.1.4. Challenges
5.2. Porters Five Forces Analysis
6. Global Olefin Market, By Product
6.1. Introduction
6.2. 1-Butene
6.3. 1-Decene
6.4. 1-Dodecene
6.5. 1-Hexane
6.6. 1-Octene
7. Global Olefin Market, By Application
7.1. Introduction
7.2. Adhesives
7.3. Cosmetics
7.4. Detergent alcohol
7.5. Plasticizers
7.6. Polyethylene
7.7. Synthetic lubricants
8. Americas Olefin Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Olefin Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. South Korea
9.10. Thailand
10. Europe, Middle East & Africa Olefin Market
10.1. Introduction
10.2. France
10.3. Germany
10.4. Italy
10.5. Netherlands
10.6. Qatar
10.7. Russia
10.8. Saudi Arabia
10.9. South Africa
10.10. Spain
10.11. United Arab Emirates
10.12. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Ranking Analysis
11.3. Market Share Analysis
11.4. Competitor SWOT Analysis
11.5. Competitive Scenario
12. Company Usability Profiles
12.1. Chevron Phillips
12.2. Exxon Mobil Corporation
12.3. Idemitsu Petrochemical
12.4. INEOS Oligomers
12.5. ONGC
12.6. Sasol
12.7. Shell Chemical Ltd.
12.8. Sinopec Beijing Yanhua
For more information about this report visit https://www.researchandmarkets.com/r/m4dtiz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MINNEAPOLIS--(BUSINESS WIRE)--On Thursday, April 29, 2021, Xcel Energy (NASDAQ: XEL) will host a conference call to review first quarter 2021 financial results. Earnings will be released prior to the opening of trading.
The call will begin at 9:00 a.m. Central Time. To participate in the conference call, please dial in at least 5-10 minutes prior to the scheduled start and follow the operator’s instructions. You will be asked for the conference ID number.
US Dial-In: 888-394-8218
International Dial-In: 400-120-9101
Conference ID: 7731118
The conference call will also be simultaneously broadcast and archived on our website, along with an MP3 download, at the following location:
http://www.xcelenergy.com
Under Company, select: Investor Relations
If you are unable to participate in the live event, the call will be available for replay from 12:00 p.m. on April 29 through 12:00 p.m. on May 2, Central Time.
Replay Numbers
US Dial-In: 888-203-1112
International Dial-In: 719-457-0820
Replay Passcode: 7731118
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Financial analysts may call:
Paul Johnson, Vice President - Investor Relations 612-215-4535
News media inquiries please call Xcel Energy Media Relations at 612-215-5300.
Internet: www.xcelenergy.com
A 92-megawatt wind project in southwestern Wisconsin would provide enough clean energy to power about 40,000 households.
MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE), in partnership with Wisconsin Public Service (WPS), a subsidiary of WEC Energy Group, is seeking approval from the Public Service Commission of Wisconsin (PSCW) to purchase part of the Red Barn Wind Farm. If approved, MGE will own 9.1 megawatts (MW) of the 92-MW wind farm to be built in the Towns of Wingville and Clifton in Grant County.
"We are doing everything we can today to lower carbon emissions as quickly and as cost-effectively as we can. The Red Barn Wind Farm is another opportunity for MGE to invest further in cost-effective, clean energy as we move toward carbon reductions of at least 65% by 2030 and our goal of net-zero carbon by 2050," said Jeff Keebler, MGE Chairman, President and CEO. "We have said since announcing our goals, if we can go further faster through partnerships with our customers and the evolution of new technologies, we will."
The Red Barn Wind Farm will help MGE to meet future energy and capacity needs cost-effectively as the company continues its ongoing transition away from coal-fired electricity with the planned retirement of the Columbia Energy Center in Portage by the end of 2024. The project, if approved, is part of more than 300 MW of new renewable generation capacity announced since MGE introduced its Energy 2030 framework for a more sustainable future in November 2015.
Red Barn Wind Farm
If approved, the Red Barn Wind Farm will be developed by PRC Wind and constructed by ALLETE Clean Energy. The approximately 12,000-acre project will feature 28 turbines. WPS will own the remaining 82.5 MW.
Construction is expected to begin in 2022, if approved. The Red Barn Wind Farm is expected to begin serving customers by the end of 2022. MGE's share of the Red Barn Wind Farm will power about 4,000 households.
MGE's net‐zero carbon electricity goal
In May 2019, MGE announced its goal of net-zero carbon electricity by 2050, making it one of the first utilities in the nation to commit to net-zero carbon by mid-century. MGE's net-zero goal is consistent with the latest climate science from the Intergovernmental Panel on Climate Change (IPCC) October 2018 Special Report on limiting global warming to 1.5 degrees Celsius.
To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC.
About MGE
MGE generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.
Steve Schultz
Corporate Communications Manager
608-252-7219 | This email address is being protected from spambots. You need JavaScript enabled to view it.
All owners of STPK Common Stock as of March 4, 2021 are encouraged to vote their shares before April 26, 2021
EVANSTON, Ill.--(BUSINESS WIRE)--Star Peak Energy Transition Corp. (NYSE: STPK), a publicly traded special purpose acquisition company (“Star Peak”), and Stem, Inc., a global leader in artificial intelligence (AI)-driven clean energy storage systems (“Stem”), today announced that Star Peak’s registration statement on Form S-4 (File No. 333-251397), relating to the previously announced merger of Star Peak and Stem, has been declared effective by the U.S. Securities and Exchange Commission. Star Peak will mail Stockholders as of March 4, 2021 the definitive proxy statement/consent solicitation/prospectus relating to the Special Meeting of Star Peak Stockholders (the “Special Meeting”).
The Special Meeting to approve the pending business combination is scheduled for Tuesday, April 27, 2021, at 11:00 a.m. ET. The Special Meeting will be completely virtual and conducted via live webcast. Holders of Star Peak’s shares of Common Stock at the close of business on the record date of March 4, 2021 are entitled to notice of the virtual Special Meeting and should vote before 11:59 p.m. ET on April 26, 2021.
If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
Star Peak stockholders can exercise their votes online, via telephone or by mail. More information on how to vote can be found at https://stpk.starpeakcorp.com/vote. Star Peak stockholders who need assistance voting or have questions regarding the Special Meeting may contact Star Peak’s proxy solicitor, Morrow Sodali, toll-free at (877) 787-9239 or email Morrow Sodali at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Stem
Stem provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class artificial intelligence (AI)-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter.
Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril Capital Management, Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. For more information, visit www.stem.com.
About Star Peak Energy Transition Corp.
Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Star Peak is led by a management team with extensive experience investing in the energy, energy infrastructure and renewables sectors, including Chairman, Michael Morgan and Chief Executive Officer, Eric Scheyer. Michael Morgan is Chairman and Chief Executive Officer at Triangle Peak Partners LP and currently serves as a director of Sunnova Energy International (NYSE: NOVA) and lead director of Kinder Morgan, Inc. (NYSE: KMI), one of the largest energy infrastructure companies in North America, a company he joined at its founding in 1997. Eric Scheyer is a Partner at Magnetar and has served as the Head of the Magnetar Energy and Infrastructure Group since its inception in 2005. For more information, visit https://stpk.starpeakcorp.com/.
Additional Information
This communication is being made in respect of a proposed merger transaction (the “proposed transactions”) involving Star Peak and Stem. The proposed transactions will be submitted to stockholders of Star Peak for their consideration and approval at a special meeting of stockholders. In connection with the proposed transactions, Star Peak has filed a Registration Statement on Form S-4 (the “Registration Statement”) with the Securities and Exchange Commission (“SEC”), which will include a definitive proxy statement / prospectus / written consent solicitation to be distributed to Star Peak stockholders in connection with Star Peak’s solicitation for proxies for the vote by Star Peak’s stockholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities. Star Peak will mail a definitive proxy statement / prospectus / written consent solicitation and other relevant documents to its stockholders as of the record date established for voting on the proposed transactions. Investors and security holders of Star Peak are advised to read the definitive proxy statement / prospectus / written consent solicitation in connection with Star Peak’s solicitation of proxies for its special meeting of stockholders to be held to approve the proposed transaction because the proxy statement / prospectus / written consent solicitation contains important information about the proposed transaction and the parties to the proposed transaction. Stockholders may also obtain copies of the definitive proxy statement / prospectus / written consent solicitation, without charge at the SEC’s website at www.sec.gov or by directing a request to: Star Peak Energy Transition Corp., 1603 Orrington Ave., 13 Floor Evanston, IL 60201.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
Star Peak and Stem and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Star Peak’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Star Peak s stockholders in connection with the proposed business combination is set forth in Star Peak’s registration statement / proxy statement that has been filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Star Peak’s directors and officers in Star Peak’s filings with the SEC, and such information is also in the Registration Statement that has been filed with the SEC by Star Peak, which will include the definitive proxy statement / prospectus / written consent solicitation of Star Peak for the proposed transaction.
Forward-Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events of Star Peak or Stem’s future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “or“ or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Star Peak and its management, and Stem and its management, as the case may be, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the outcome of any legal proceedings that may be instituted against Star Peak, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 3) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Star Peak, to obtain financing to complete the business combination or to satisfy other conditions to closing; 4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 5) the ability to meet the New York Stock Exchange’s listing standards following the consummation of the business combination; 6) the risk that the business combination disrupts current plans and operations of Stem as a result of the announcement and consummation of the business combination; 7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 8) costs related to the business combination; 9) changes in applicable laws or regulations; 10) the possibility that Stem or the combined company may be adversely affected by other economic, business and/or competitive factors; 11) Stem’s estimates of its financial performance; 12) the impact of the novel coronavirus disease pandemic and its effect on business and financial conditions; and 13) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Star Peak’s Annual Report on Form 10-K for the year ended December 31, 2020. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Star Peak nor Stem undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Investor Contact – Stem
Ted Durbin, Stem, Inc.
Marc Silverberg, ICR, Inc.
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Media Contact – Stem
Cory Ziskind, ICR, Inc.
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Star Peak
Tricia Quinn
Courtney Kozel
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847 905 4400
DUBLIN--(BUSINESS WIRE)--The "Natural Gas Distribution Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global natural gas distribution market is expected to grow from $466.18 billion in 2020 to $553.09 billion in 2021 at a compound annual growth rate (CAGR) of 18.6%.
Natural Gas Distribution Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global natural gas distribution market as it emerges from the COVID-19 shut down.
Major companies in the natural gas distribution market include Centria; Osaka Gas; Tokyo Gas; GAIL India; and Gas Natural Fenosa.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $758.91 billion in 2025 at a CAGR of 8%.
Asia Pacific was the largest region in the global natural gas distribution market, accounting for 28% of the market in 2020. Eastern Europe was the second largest region accounting for 23% of the global natural gas distribution market. South America was the smallest region in the global natural gas distribution market.
Companies in the natural gas distribution industry are investing in robotic wireless in-pipe leak detection systems for faster repair of leakages. Traditional detection systems are often slow. The new robotic technology can detect leaks at a faster pace and with high accuracy.
The robotic devices uses laser beams to detect potential leak points by analyzing the gas concentration in close proximity. This technology provides reliable results and reduced amount of data to be processed in detection to plug gas leakage. For instance, A6 OMD robot, developed by SMP Robotics, is used to detect underground pipeline gas leaks. It uses GPS to frame a map to locate the gas leak for a pipeline of any length.
Companies in the natural gas distribution market are using alternate modes of natural gas transportation for the delivery of natural gas through land. Natural gas is transported mostly through pipes or through shipping vessels. However, companies are now exploring the use of railroads for the delivery of natural gas.
Transporting natural gas through rails might allow the companies to expand its reach to remote industrial areas. Following the trend, in 2019, the U.S Pipeline and Hazardous Materials Safety Administration approved New Fortress Energy's plan to transport natural gas from Pennsylvania's Marcellus Shale by train for about 175 miles to South Jersey, U.S.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Natural Gas Distribution Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Natural Gas Distribution Market Product Analysis
4.1. Leading Products/Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Natural Gas Distribution Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Natural Gas Distribution Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Natural Gas Distribution Market Trends And Strategies
8. Impact Of COVID-19 On Natural Gas Distribution
9. Natural Gas Distribution Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Natural Gas Distribution Market Regional Analysis
10.1. Global Natural Gas Distribution Market, 2020, By Region, Value ($ Billion)
10.2. Global Natural Gas Distribution Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Natural Gas Distribution Market, Growth And Market Share Comparison, By Region
11. Natural Gas Distribution Market Segmentation
11.1. Global Natural Gas Distribution Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Global Natural Gas Distribution Market, Segmentation By Type of Operator, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Natural Gas Distribution Market Segments
12.1. Global Industrial And Commercial Natural Gas Distribution Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
12.2. Global Household Natural Gas Distribution Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13. Natural Gas Distribution Market Metrics
13.1. Natural Gas Distribution Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Natural Gas Distribution Market Expenditure, 2015-2025, Global
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/uk3ab7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 6, 2021 to discuss first quarter 2021 earnings. The company plans to release its financial and operating results before the market opens that morning.
A webcast link and related presentation material will be included on the Investors page of the company’s website at http://ir.murphyoilcorp.com.
Date: Thursday, May 6, 2021
Time: 9:00 a.m. EDT
Toll Free Dial-in: 888-886-7786
Conference ID: 41671800
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and natural gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the US or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the US Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.
Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
Market growth driven by high-density and dual-cell battery systems
BOSTON--(BUSINESS WIRE)--The global market for smartphone battery cells reached a total revenue of $7.5 billion in CY 2020, according to the Strategy Analytics Handset Component Technologies service report, “Smartphone Battery Market Share Q4 2020: ATL Takes First Place.”
This Strategy Analytics research finds that the total smartphone battery market revenue saw an increase of 7 percent year-over-year in 2020. The market was led by Amperex Technology Ltd (ATL), capturing 42 percent revenue share followed by LG Energy and Samsung SDI in 2020. The top-three vendors captured almost 83 percent revenue share in the global smartphone battery market in 2020. The vendors drove their success by customizing battery cells to meet smartphone customer needs.
Jeffrey Mathews, Senior Analyst at Strategy Analytics commented, “The smartphone battery cell market revived as customer orders expanded in the second half of the year driven by seasonal smartphone launches. Smartphone OEMs increased the adoption of high-density cells and dual-cell battery system leading to the growth in market revenues. ATL saw impressive design wins in flagship smartphones which aided in the vendor’s battery cell shipments in 2020.”
Stephen Entwistle, Vice President of the Strategic Technologies Practice at Strategy Analytics commented, “We forecast battery cell shipments to rise on the back of growing demand for high-density cells to meet the mass market and 5G smartphone adoption. This will be further complemented by the uptake in fast charging smartphone technology.”
About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
Source: Strategy Analytics, Inc.
#SA_General
For more information about Strategy Analytics
Service Name: Handset Component Technologies
Report contacts:
Author: Jeffrey Mathews, +44 (0)1908 423 615, This email address is being protected from spambots. You need JavaScript enabled to view it.
European Contact: Stephen Entwistle, +44 (0)1908 423 636, This email address is being protected from spambots. You need JavaScript enabled to view it.
US Contact: Christopher Taylor, +1 617 614 0706, This email address is being protected from spambots. You need JavaScript enabled to view it.
WASHINGTON--(BUSINESS WIRE)--#ProtectOurCoast--Today, the Biden-Harris administration announced new leasing, funding, and development goals to advance offshore wind energy in the United States while also creating new American jobs. In response, Oceana released the following statement from Jacqueline Savitz, chief policy officer:
“Offshore wind has the potential to be a game-changer in the U.S. energy portfolio, replacing the fossil fuels that are driving climate change. We applaud the Biden-Harris administration helping to make offshore wind a reality in the United States — a necessary step in our climate strategy. Our oceans can and should be an important player in helping to reduce our reliance on fossil fuels. For the U.S. to successfully take full advantage of this unlimited resource that can help solve our climate and energy challenges, Oceana is calling for permanent protections from dirty and dangerous offshore drilling as well. We look forward to working with the Biden-Harris administration to ensure that offshore wind development includes strong protections for ocean habitat, especially for the critically endangered North Atlantic right whale.”
A recent Oceana analysis finds ending new leasing for offshore oil and gas could prevent over 19 billion tons of greenhouse gas emissions as well as more than $720 billion in damages to people, property, and the environment. Additionally, the analysis found that ending new leasing will also safeguard the U.S. clean coast economy, which supports around 3.3 million American jobs and $250 billion in GDP through activities like tourism, recreation, and fishing.
Use the following link to share this statement: https://bit.ly/3u9ANpt
Oceana is the largest international advocacy organization dedicated solely to ocean conservation. Oceana is rebuilding abundant and biodiverse oceans by winning science-based policies in countries that control one-third of the world’s wild fish catch. With more than 225 victories that stop overfishing, habitat destruction, pollution, and the killing of threatened species like turtles and sharks, Oceana’s campaigns are delivering results. A restored ocean means that 1 billion people can enjoy a healthy seafood meal, every day, forever. Together, we can save the oceans and help feed the world. Visit USA.Oceana.org to learn more.
Dustin Cranor, 954.348.1314, This email address is being protected from spambots. You need JavaScript enabled to view it.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), today filed a petition with the New Jersey Board of Public Utilities (BPU) requesting an increase of approximately $165.7 million to its base rates. Since its last base rate filing in 2019, NJNG has invested nearly $850 million in the safety, reliability and environmental benefits of its delivery system and operations. These investments are already at work benefiting customers, but are not currently reflected in rates.
“Nothing is more important to our company than safely and reliably delivering the energy our customers depend on for their homes and businesses,” said Steve Westhoven, President and CEO of New Jersey Resources. “We are dedicated to meeting that commitment in a sustainable, responsible way. The investments we’ve made in our system, as reflected in this filing, deliver on that commitment.”
The proposed rate adjustment is necessary to cover costs associated with infrastructure investments made by NJNG to maintain and enhance its natural gas delivery system and ensure the responsible operation of its business, including:
As part of its filing, NJNG is also seeking rate recovery for the Southern Reliability Link (SRL). NJNG expects the 30-mile transmission pipeline project to be placed into service this fall. Approved by the BPU in 2016, the SRL provides a new natural gas feed into the southern end of NJNG’s service territory, significantly enhancing the reliability and resiliency of its distribution system.
Currently, more than 85% of the natural gas supply used to serve customers in Monmouth, Ocean and Burlington counties is delivered through a single feed at the northern end of NJNG’s system. Any significant supply disruption on this line could negatively impact a majority of NJNG’s nearly 560,000 customers. SRL directly mitigates this risk by accessing a second interstate supply source that interconnects with the southern end of NJNG’s system.
Through this filing, NJNG is seeking to recover in rates appropriate costs for investments already made and expenses associated with operating its business, and to achieve a fair and reasonable outcome for ratepayers.
“We take our responsibility to deliver exceptional service at a reasonable rate seriously. This is achieved through a rigorous approval process with regulators,” Westhoven said. “We look forward to a successful resolution of this petition that is in the best interest of our customers and our company.”
Any customer having difficulty paying their natural gas bill should visit njng.com/energyassistance to learn about available energy assistance programs. Energy assistance is available for income-eligible customers through the Low Income Home Energy Assistance Program (LIHEAP), Universal Service Fund (USF) and Payment Assistance for Gas and Electric (PAGE) Program, NJ SHARES and NJNG’s own Gift of Warmth program.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. NJR cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond NJR’s ability to control or estimate precisely, such as estimates of future market conditions and the behavior of other market participants. Words such as “anticipates,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “believes,” “should” and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon NJR. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on NJR will be those anticipated by management. Forward-looking statements in this release include, but are not limited to, certain statements regarding the base rate case, future NJR capital expenditures and infrastructure investments and the ability to complete SRL.
Additional information and factors that could cause actual results to differ materially from NJR’s expectations are contained in NJR’s filings with the U.S. Securities Exchange Commission (“SEC”), including NJR’s Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s web site, http://www.sec.gov. Information included in this release is representative as of today only and while NJR periodically reassesses material trends and uncertainties affecting NJR's results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.
For more information about NJR:
www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Dennis Puma
732-938-1229
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Demonstrating that sustainable propulsion technology has a clear route to market, the Cranfield Aerospace Solutions-led consortium’s technology programme will accelerate the journey to zero-emissions, passenger-carrying service.
CRANFIELD, England--(BUSINESS WIRE)--#futureflight--Cranfield Aerospace Solutions (CAeS) - the UK SME leading the Project Fresson consortium - announces it will exploit recent advances in hydrogen fuel cell technology to develop a commercially viable, retrofit powertrain solution for the nine-passenger Britten-Norman Islander aircraft.
Following a rigorous assessment of hydrogen technology innovators, CAeS is delighted to welcome Ricardo UK Ltd and Innovatus Technologies Ltd to the Fresson consortium. Ricardo UK Ltd brings expertise in fuel cell system development and Innovatus Technologies Ltd brings their innovative Scottish Hydrogen Fuel Tank (SHyFT) technology.
Steve Dyke, Managing Director Ricardo Automotive and Industrial EMEA Division said: “We are proud to join the Cranfield Aerospace Solutions consortium to play our part in helping to reduce the carbon footprint for commercial air passengers. We are already working on hydrogen and fuel cell technology, providing clean efficient solutions which reduce carbon and noxious emissions across a wide range of sectors. Our work for the Fresson consortium will enable us to consolidate and grow our hydrogen fuel cell and propulsion capability, so that Ricardo can achieve its ambition of becoming a world-leader in hydrogen and fuel cell services and solutions and help accelerate net zero transportation.”
Innovatus Technologies Ltd leads the field in next generation ultralightweight hydrogen tank design exploiting patented cellular core composite techniques. This is critical to the successful integration and exploitation of hydrogen fuel cell power systems in applications across aerospace, automotive, industrial, and marine sectors.
Ruan Swart, Chief Executive Officer Innovatus Technologies Ltd said: ““We are proud in being selected to join the Cranfield Aerospace Solutions, ‘Project Fresson’, consortium. Our unique and innovative SHyFT solution is game-changing in bringing zero carbon fuel cell energy to commercial reality in the transport sector. Project Fresson showcases important Scottish innovation and next generation hydrogen tank manufacturing in the UK.”
Project Fresson will deliver an emissions-free (zero CO2), hydrogen-fuel-cell-powered flying demonstrator by September 2022. Having completed a comprehensive evaluation of technologies and configurations for sustainable aircraft propulsion, the Fresson team concluded that hydrogen fuel cell technology is the optimum solution to meet environmental, regulatory and operational requirements for this size of aircraft, enabling zero carbon emissions and reducing operating costs. This has presented the Fresson consortium, which includes Britten-Norman and Cranfield University, with an opportunity to deliver an enhanced technology programme that surpasses the original demonstrator concept.
Paul Hutton, Chief Executive Officer, Cranfield Aerospace Solutions said: “This is incredibly important for the Project Fresson Team but also for everyone else around the world interested in zero emissions flight. This project can deliver the world’s first truly “green” passenger carrying airline services. The whole team is proud of what Project Fresson has achieved so far and excited about what is to come. I am very thankful for the support of the ATI and our investors for making this ground-breaking work a reality.”
Jenny Kavanagh, Chief Strategy Officer, Cranfield Aerospace Solutions added: “Covid-19 has caused the biggest crisis in aviation’s history. It’s important that, as the sector builds back better, it does so with sustainability at its heart. Project Fresson is more than just a technology demonstrator; it has one focus above all others: real operational and commercial viability.”
Project Fresson is supported by the ATI Programme, a joint Government and industry investment to maintain and grow the UK’s competitive position in civil aerospace design and manufacture. The programme, delivered through a partnership between the Aerospace Technology Institute (ATI), Department for Business, Energy & Industrial Strategy (BEIS) and Innovate UK, addresses technology, capability and supply chain challenges.
As a result of these changes, there is now no longer a need for the Rolls-Royce element of the aircraft programme. It is therefore Rolls-Royce’s intention to withdraw from Project Fresson and the consortium is going through the necessary steps for this to happen. We thank Rolls-Royce for its contribution to Project Fresson and wish its team well. Rolls-Royce will continue to actively research the use of hydrogen in aviation and this decision in no way reflects its overall view of hydrogen as a potential technology.
Ends
Notes to editors
Media contacts
For Cranfield Aerospace Solutions:
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For Ricardo
Kathryn Bellamy
Communications Manager
Ricardo Automotive & Industrial EMEA Division, and Performance Products Division
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Telephone: +44(0)7921 941824
ATLANTIC CITY, N.J.--(BUSINESS WIRE)--In response to the Biden Administration's announcement today on offshore wind, Joris Veldhoven, treasurer and commercial director at Atlantic Shores Offshore Wind, a developer that has bid into the latest round of offshore wind solicitation in New Jersey, released the following statement:
“This bold agenda to develop offshore wind in the United States will create tens of thousands of jobs and build a more robust green energy economy in this country. The investments in strengthening port infrastructure and the domestic supply chain will open communities across the coastal U.S. up to tremendous economic opportunity on the international stage. As a developer, we appreciate the advancement of critical permitting milestones for projects in New Jersey and beyond. Together, these priorities will accelerate offshore wind growth and its many economic benefits for coastal communities.
"New Jersey is particularly well-poised to seize this opportunity and meet the growing demand for labor thanks to the strength of its unions. It’s why we are proud to be partnering with six local unions to train and hire the workforce that will build New Jersey’s green infrastructure as part of our bid submission. We look forward to working with elected officials at every level of government, in New Jersey and in Washington, to help realize this vision.”
About Atlantic Shores Offshore Wind, LLC:
Atlantic Shores Offshore Wind, LLC is a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America. The joint venture formed in December 2018 to co-develop a 183,353 acre Lease Area located approximately 10-20 miles off the New Jersey coast between Atlantic City and Barnegat Light. Atlantic Shores is strategically positioned to meet the growing demands of renewable energy targets in New York, New Jersey and beyond, with strong and steady wind resources close to large population centers with associated electricity demand. Atlantic Shores, once fully developed, has the potential to generate over 3,000 MW (3 GW) in wind energy and power nearly 1.5 million homes. The capital and expertise needed to develop such a large area is significant. Together, Shell and EDF Renewables have the investment capability and industry experience to bring this project to scale safely, efficiently and cost effectively. For more info: www.atlanticshoreswind.com
Julia Ofman
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BASINGSTOKE, England--(BUSINESS WIRE)--#cellulariot--A new Juniper Research study found that the number of eSIMs installed in connected devices will increase from 1.2 billion in 2021, to 3.4 billion in 2025; representing growth of 180%. eSIMs are modules embedded directly into devices; providing cellular connectivity and storing multiple network operator profiles.
The new research, eSIMs: Sector Analysis, Emerging Opportunities & Market Forecasts 2021-2025, independently assessed eSIM adoption and demand in the consumer sector, industrial sector, and public sector, and predicts that the consumer sector will account for 94% of global eSIM installations by 2025. It anticipates established adoption of eSIM frameworks from consumer device vendors, such as Apple and Google, will accelerate growth of eSIMs in consumer devices ahead of the industrial and public sectors.
For more insights, download our free whitepaper: Unlocking the Potential of Consumer eSIMs
Consumer Market Key to Fulfilling eSIM Potential
The research found that global eSIM deployments across all consumer verticals will increase by 170% over the next four years, with widespread adoption reliant on backing from network operators. It urges device manufacturers to place pressure on operators to support eSIM frameworks and accelerate market maturation.
However, a fragmentation of hardware vendors in the cellular IoT device market will require each vertical to adopt a combination of wireless technologies, hardware, and management tools. In turn, it predicts that specialist vendors will emerge that provide robust eSIM form factors for industrial environments.
eSIM Opportunities Across Industrial Sectors
The study identified three key areas of focus for eSIM adoption in the industrial sector:
It suggests that the development of rugged form factors will position vendors well to capitalise on the market, as eSIM installations in these verticals grow from 28 million units in 2021 to 116 million by 2025.
Research author Scarlett Woodford noted: ‘Ensuring convenience for the end user must remain the top priority for eSIM management platform providers. To do so, they must provide a level of service comparable to that found with traditional SIM deployments.’
Whitepaper Download: https://www.juniperresearch.com/document-library/white-papers/unlocking-the-potential-of-consumer-esims
eSIMs market research: https://www.juniperresearch.com/researchstore/devices-technology/esims-research-report
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
For further details please contact Sam Smith, Press Relations
T: +44(0)1256 830002
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ATLANTA--(BUSINESS WIRE)--NV Energy has awarded PIC Group the staffing services agreement to perform staffing support at North Valmy Generating Station in Valmy, NV through 2025. Under the terms of the agreement, PIC Group will provide NV Energy with Operations and Maintenance staff through to the retirement of the North Valmy Generating Station.
NV Energy selected PIC Group based on its solution-based approach to plant retirement that included a comprehensive end to end approach to staffing, training services and operations & maintenance, thereby addressing NV Energy’s needs throughout the transitional periods of the North Valmy Generating Station.
“PIC Group’s staffing solutions specialize in servicing the complex needs of projects and facilities going through transitional periods, providing power plants and industrial facilities the technical skill sets and qualified personnel to maintain operational readiness and regulatory compliance,” said Frank Avery, President and CEO at PIC Group.
About PIC Group
Founded in 1988, PIC Group, Inc. is dedicated to delivering value by providing global energy services to facilities across four continents – North America, South America, Asia, and Africa. PIC provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries.
PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP).
About Marubeni
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business including consumer products, food, agriculture, chemicals, energy and metals and power business machinery and infrastructure.
Douglas Shuda, Marketing Director
678-627-4142
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DUBLIN--(BUSINESS WIRE)--The "Water Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global water transport market is expected to grow from $486.47 billion in 2020 to $507.44 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%.
Water Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global water transport market as it emerges from the COVID-19 shut down.
Major companies in the water transport market include A. P. Moller-Maersk; Mediterranean Shipping Company (MSC); CMA-CGM; Evergreen Marine Corporation and Nippon Yusen Kabushiki Kaisha (NYK).
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $611.02 billion in 2025 at a CAGR of 5%.
The water transport market consists of sales of water transportation services and related goods by entities (organizations, sole traders and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats. The water transport market is segmented into deep sea, coastal, and great lakes and inland water transport.
Asia Pacific was the largest region in the global water transport market, accounting for 45% of the market in 2020. Western Europe was the second largest region accounting for 32% of the global water transport market. Africa was the smallest region in the global water transport market.
Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of a number of other environmental phenomena present in the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time.
The data captured by the sensor allows ship owners to improve overall maintenance cycle of visits, including condition monitoring and condition-based monitoring. For instance, NoraSens and Silicon Radar are some of the companies manufacturing sensors for ships.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Water Transport Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Water Transport Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Water Transport Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Water Transport Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Water Transport Market Trends and Strategies
8. Impact of COVID-19 on Water Transport
9. Water Transport Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Water Transport Market Regional Analysis
10.1. Global Water Transport Market, 2020, by Region, Value ($ Billion)
10.2. Global Water Transport Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Water Transport Market, Growth and Market Share Comparison, by Region
11. Water Transport Market Segmentation
11.1. Global Water Transport Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Water Transport Market Segments
12.1. Global Deep Sea, Coastal, and Great Lakes Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Deep Sea Transport; Coastal and Great Lakes Transport
12.2. Global Inland Water Transport Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Inland Water Freight Transport; Inland Water Passenger Transport
13. Water Transport Market Metrics
13.1. Water Transport Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Water Transport Market Expenditure, 2015-2025, Global
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/6zkco8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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