Active member of the Bitcoin Community since 2013;
Brings 25 years’ experience in financial services, technology and technology investing to role as Vice Chairman of Board
DRESDEN, New York--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (“Greenidge” or the “Company”), a holding company that includes Greenidge Generation LLC, a vertically integrated bitcoin mining and power generation facility in Upstate New York, announced today the appointment of Ted Rogers, an active member of the bitcoin community for nearly a decade, as Vice Chairman of its Board of Directors.
Greenidge’s integrated business model delivers significant competitive advantages compared to bitcoin mining peers. Greenidge owns its own power generation assets and operates its own mining equipment, unlike most other bitcoin miners. This allows Greenidge to operate without relying on highly variable outside power purchase and hosting agreements that are subject to renegotiation or other cost volatility. The company also boasts low fixed costs shared between its power generation and cryptocurrency mining operations. In addition, Greenidge’s Upstate New York location provides access to some of the lowest-cost natural gas in North America.
Greenidge has a demonstrated record of successfully mining bitcoin, coupled with significant private investment from both funds sponsored and managed by Atlas Holdings LLC and major institutional investors. As bitcoin adoption continues to accelerate, Greenidge is well-positioned to benefit, as it is expected to be the only U.S. public company operating a vertically integrated power generation asset and bitcoin mining operation.
“I’m thrilled to join a best-in-class platform like Greenidge,” said Ted Rogers, Greenidge’s new Board Vice Chairman. “I believe that having a robust bitcoin mining community, one that moves quickly toward clean energy usage, is in the national interest of the United States. I joined because Tim Fazio and Greenidge have a clear commitment to ethically invest and innovate in the space. I look forward to helping the team write the next chapter in their story.”
Ted has 25 years’ experience in financial services, technology, and technology investing. He has been an active member of the bitcoin community since 2013, when he joined Xapo, one of the first venture-backed bitcoin platforms, before its launch in 2014. As President, he oversaw all of Xapo’s institutional offerings, including OTC, client services, and custody. The company became the largest bitcoin custodian in the world. Coinbase acquired the custody business of Xapo in 2019.
Before Xapo, Ted co-founded and served as General Partner for Arpex Capital, an international venture investment firm, whose portfolio includes fintechs such as Brex and Stone Payments. Earlier in his career, Ted worked in corporate finance for FBR Group and in Business Affairs for America Online. He graduated from Williams College in 1991 and cum laude from Georgetown University Law School in 1996. Ted spent two years as a linebacker for the Washington Football Team, including during their Super Bowl-winning season of 1991-1992.
About Greenidge Generation Holdings Inc.
Greenidge Generation Holdings Inc. is a holding company that includes Greenidge Generation LLC, a vertically integrated bitcoin mining and power generation facility in Upstate New York. Boasting an environmentally-sound 106MW natural gas plant that has undergone a remarkable transformation in recent years, Greenidge enjoys significant competitive advantages including low fixed costs, an efficient mining fleet, in-house operational expertise and low power costs due to its access to some of the least expensive natural gas in North America. The company is currently mining bitcoin and contributing to the security and transactability of the bitcoin ecosystem while concurrently meeting the power needs of homes and businesses in its region. Greenidge employs dozens of skilled associates, creating attractive new blockchain jobs and serving as an anchor for the Upstate New York economy.
Given its proven operational success and private investment from both funds sponsored and managed by Atlas Holdings LLC and major institutional investors, Greenidge is uniquely positioned to expand its unique, vertically integrated business model to additional sites.
Greenidge Generation Holdings Inc.
Media
Kelly Wallace
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TORONTO--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.05 per unit for the month of March 2021 payable on April 27, 2021 to unitholders of record at the close of business on March 31, 2021.
Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.
Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177
Ryan Paull
Business Development Manager
Tel: (973) 515-1831
GALESBURG, Mich.--(BUSINESS WIRE)--#automotive--Power management company Eaton today announced its Vehicle Group has launched an aftermarket ELocker differential for Toyota Tacoma midsize pickup trucks with manual transmissions, model years 2016 to present with an 8.9-inch ring gear and 32 spline axle. It's one of 14 aftermarket new differential part numbers for a variety of late-model vehicles.
In addition to the recently added ELocker differential for the Toyota Tacoma, Eaton introduced 11 other ELocker differentials in the past year that fit Toyota 4Runner®, FJ Cruiser®, Land Cruiser®, Tundra® and older Tacoma models.
“We heard requests from Toyota truck enthusiasts and went to work to fulfill their needs,” said Corneliu Bogdan, director, Aftermarket Product Strategy, Eaton’s Vehicle Group North America. “We’re glad to introduce new products that help them enjoy their outdoor lifestyle.”
The Eaton ELocker is an electronic locking differential designed for drivers that want full control and traction on demand. The ELocker features net-forged gears for the strength and durability needed for off-road and recreational driving. Its electronic controls provide driver-selectable operation and added reliability over similar air-controlled products. By simply pressing a dash switch, drivers can conveniently engage their differential to a 100 percent locked position and back to an open position.
In addition to the new Tacoma ELocker application, Eaton’s Vehicle Group recently introduced Detroit Truetrac® differential applications for late-model RAM® 1500 V-6 and V-8 pickups, General Motors 1500 pickup trucks with V-8 engines, and 2015 and newer S550 Ford Mustangs with 2.3-liter EcoBoost I-4, 3.7-liter V-6 and 5.0-liter V8 engines.
Truetrac offers RAM and GM pickup owners improved handling, better off-road performance and increased stability while towing, while Mustang owners will benefit from a tuned, high-bias preload system that enhances aggressive on-road performance and optimized wheel traction for maximum acceleration, making it ideal for street and strip applications.
“Eaton’s aftermarket team continues to add exciting new products to our aftermarket portfolio,” said Bogdan. “Our aftermarket customers are passionate about their vehicles, and we share that passion to help fulfill their needs.”
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit www.eaton.com.
Thomas Nellenbach
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H24US Corp announces best polymer membrane selectivity and permeability with novel technology that will drop cost for consumer and commercial adoption of clean hydrogen energy.
CAMARILLO, Calif.--(BUSINESS WIRE)--H24US Corp. today announces that its advanced polymer membrane technology has the best-known observed performance in selecting hydrogen (selectivity) from other gases with very high throughput (permeability) indicating that this technology is one of the current leaders in this field. This outstanding performance was contrasted to other membranes via a direct comparison of published data in an exhaustive literature search. The H24US process, called H2PrimeEnergy™, uses certain specialized materials and proprietary processing steps. (1)
Clean hydrogen, also known as Green hydrogen, “can be transported via pipes or trucks as a liquid or gas, similar to oil and natural gas. When used in fuel cells, hydrogen delivers enough energy per kilogram to rival jet fuel. And when sustainable sources like solar or wind are used to generate hydrogen through electrolysis — the process of splitting water (H2O) into hydrogen and oxygen — the result is an infinitely renewable zero-carbon energy source.” (2)
Blending hydrogen into the existing natural gas infrastructure has national and regional benefits for energy storage, resiliency, and emissions reductions. Hydrogen produced from renewable, nuclear, or other resources can be injected into natural gas pipelines with the blend used by conventional natural gas customers to generate power and heat. (3)
The Hydrogen Council has stated that Green hydrogen production prices are dropping faster than previously expected, with optimal operations beginning to achieve price parity (with fossil based gray hydrogen) by 2030 even without carbon taxes on the gray hydrogen. (4)
Per Bank of America, the global hydrogen energy market is at a ‘tipping point’ with $11 trillion market set to explode. (5)
H24US produces an exceptionally low cost, high performance membrane for separating hydrogen from multicomponent gas streams. These inexpensive membranes can be used for splitting hydrogen from other gases, and for hydrogen purification. This technology will facilitate hydrogen distribution via existing infrastructure by inserting low concentrations (up to 20%) of hydrogen to natural gas in existing pipelines and then using H2PrimeEnergy™ units for deblending the hydrogen at the customers’ site.
Company President Mike Rocke revealed that, “The new technology has created a cost-effective solution for selecting hydrogen out of gas mixtures that are produced from multiple sources. The H24US membrane does not use expensive precious metals in its manufacture. H2PrimeEnergy™ technology is a key to overcoming excessive cost issues now blocking acceptance of green hydrogen as the future of clean, zero carbon energy.”
H24US Corp has filed for two US patents on its unique technology and has been self-funded by the founders since inception. It is currently seeking additional investment/partners to build out the company’s hydrogen membrane and hardware production volume manufacturing.
For additional information contact: Mike Rocke: 408-421-9455 This email address is being protected from spambots. You need JavaScript enabled to view it. See: https://H24US.com
(1) Contact Mike Rocke for additional information. This email address is being protected from spambots. You need JavaScript enabled to view it.
(2) Get Ready: The Hydrogen Economy Is On Its Way (forbes.com)
(3) What effect will blending Hydrogen into the Natural Gas network have? - Energy Post
(4) Hydrogen projects worth $300 billion are dropping green H2 prices fast (newatlas.com)
(5) Hydrogen is at a 'tipping point' with $11 trillion market set to explode, says Bank of America (cnbc.com)
Mike Rocke, Phone 408-421-9455 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Whitehead Brings Nearly Three Decades of Experience in the Electrical Power Industry
VALENCIA, Calif.--(BUSINESS WIRE)--#electricpower--H2scan, a leading provider of proven, proprietary hydrogen sensors and technologies for utilities and industrial markets, announced today it has named Bill Whitehead as its new International Accounts Sales Director for Transformers.
In this role, Whitehead is responsible for international sales of H2scan’s hydrogen monitoring products, working with global OEMs to utilize H2scan sensors to develop and enhance their hydrogen monitoring solutions for the electric power industry.
Whitehead joins H2scan from Siemens Energy, where he served as business development manager and was responsible for power transformer bushing solution sales covering U.S. power utility and large industrial customers. Previously, Whitehead worked as vice president of business development at Camlin Power, Inc.
Whitehead previously held positions at Fuji Electric, ABB, General Electric, Danaher Power Solutions and served in the United States Army Reserve. He holds a Bachelor of Science degree in electrical engineering from North Carolina State University.
“Bill brings a wealth of experience in the power utility industry, and adds to the strong leadership at H2scan with a deep foundation in transformer life extension and asset health solutions,” said Leon White, Vice President of Transformer Sales and Business Development, of H2scan. “We’re thrilled to have Bill on the team at H2scan and to be able to leverage his experience in international sales. Our overseas sales have experienced tremendous growth in recent years, and Bill will be able to support our customers in a very positive way.”
“I have enjoyed a long career in the power utility industry and understand the important role of hydrogen monitoring in providing utilities with high reliability and decreased costs,” said Whitehead. “H2scan is the leader in hydrogen measurement for dissolved gas analysis and offers hydrogen monitoring unlike any other company. I look forward to helping the company drive growth both internationally and domestically this year and for years to come.”
For more information on H2scan and its hydrogen sensors, visit http://h2scan.com/.
About H2scan Corporation
H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The Company provides the most accurate, tolerant and affordable hydrogen leak detection and process gas monitoring solutions for industrial markets. H2scan enables the accurate monitoring and control functions for a wide range of applications, including control systems, safety monitoring and alarm systems. H2scan also provides portable, handheld configurations for easy leak detection and monitoring. H2scan supplies its hydrogen process analyzer and hydrogen leak detectors to utility, petrochemical, refinery, and gas line companies, nuclear power plants, fuel cell, petroleum and other industrial organizations through distribution, or long- term supply agreements. H2scan helps its customers meet safety, regulatory and process control requirements while doing critical hydrogen monitoring. H2scan’s customer base includes some of the largest manufacturing enterprises in the world including: General Electric, DOD, ABB, Siemens, ExxonMobil, Shell, Chevron, NASA, Proctor & Gamble and more.
H2scan now holds 27 patents on its core technology, software and electronics and its products are sold in over 50 countries worldwide. For more information, please visit http://www.h2scan.com.
David Rodewald/Amber Rubin
The David James Agency LLC
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CHICAGO--(BUSINESS WIRE)--#Argonne--The Midwest is leading the nation as a hub for water innovation with state-of-the-art research facilities and world-renowned researchers at the University of Chicago, Argonne National Laboratory, and Fermi National Accelerator Laboratory (Fermilab).
On World Water Day 2021, people and organizations come together to celebrate water and raise awareness of the global water crisis – focusing on how to support achievement of Sustainable Development Goal (SDG) 6: water and sanitation for all by 2030.
“To overcome the daunting challenges we face this century in providing sufficient supplies of clean water, we will need to shift from our current once-through use of water to a paradigm of water reuse and recycling. Chicagoland research institutions are leaders in developing innovative materials and technologies to enable this new approach to water (re)use,” said Seth Darling, director of the Center for Molecular Engineering at Argonne National Laboratory and Senior Scientist at the University of Chicago’s Pritzker School of Molecular Engineering (PME).
The PME integrates science and engineering to address global challenges from the molecular level up – and is the first school in the nation dedicated to the emerging field of molecular engineering.
“This region is emerging as a nexus for water innovation both nationally and globally, from the popular Third Coast Water Seminar Series to vibrant collaborative research centers like the Advanced Materials for Energy-Water Systems (AMEWS) Energy Frontier Research Center and the Israel-US Collaborative Water-Energy Research Center (CoWERC),” added Darling, who also is the director of AMEWS.
Increasing its leadership in this space, Argonne is pioneering research, discoveries, and innovations in several areas. This includes materials discovery, synthesis, characterization, and scale-up, in addition to new process technologies for systems that sense, treat, and handle water. Argonne’s mission is to pursue water science and engineering empowered by artificial intelligence (AI).
“Argonne’s ‘Water + AI’ strategy will potentially transform the water industry by offering cost-effective and socially responsible solutions to the many challenges,” said Junhong Chen, lead water strategist at Argonne and a professor of molecular engineering at the University of Chicago’s PME.
“We will accomplish this vision through partnerships with our stakeholders, including local, state and federal government, academic and national lab collaborators, industrial partners, nonprofit organizations, and regional economic development hubs,” said Chen.
Both Argonne and Fermilab, which are U.S. Department of Energy national laboratories managed by the University of Chicago, frequently work with federal agencies, other universities, and corporations on research collaborations.
Fermilab currently is working with the Metropolitan Wastewater Reclamation District of Greater Chicago, but the progress could have benefits far beyond the local area. "Fermilab is known around the world for basic research,” said Mauricio Suarez, head of the Illinois Accelerator Research Center (IARC) at Fermilab, “And now we are using the same machines that have probed the smallest constituents of matter to help create a greener planet."
Drawing on its decades of designing and building particle accelerators for discovery, Fermilab is developing a compact, skid-mounted accelerator that can clean polluted water. The portable machine is small enough to fit in the back of a truck and works by sending a beam of electrons through the volume of water to be treated, destroying multiple contaminants simultaneously, including dyes, pathogens, pharmaceuticals, and perfluorinated compounds, which are found in the tap water of more than 15 million Americans.
A multi-tool for treating contamination, Fermilab's compact electron accelerator will be able to treat 200,000 gallons per day – five times more than conventional technologies – and is expected to require half the power of currently available treatment options.
"By using a particle beam to clean water, we will be able to annihilate many different types of contaminants cleanly, efficiently, and cost-effectively. Water treatment is one of the many ways that particle accelerators can have a positive impact on our health and environment,” said Suarez. “We at Fermilab are proud to be able to use our particle accelerator expertise, facilities and capabilities to help solve the problem of water contamination.”
The Polsky Center for Entrepreneurship and Innovation manages the IP portfolio for all University of Chicago innovations and technologies and works to foster collaboration between laboratory scientists, engineers, students, researchers by connecting them with one another as well as with industry partners.
About the Polsky Center for Entrepreneurship and Innovation at the University of Chicago
The Polsky Center for Entrepreneurship and Innovation applies world-class business expertise from the University of Chicago’s Booth School of Business to bring new ideas and groundbreaking science and technology innovations to market. Originally established at Chicago Booth in 1998, the Polsky Center is a multidisciplinary organization staffed with deeply experienced scientists, business executives, and talented staff responsible for driving technology commercialization through patents and licensing, new venture creation, and commercial partnerships at the University of Chicago. Through education, programming, mentorship, intellectual property and venture support, the Polsky Center provides critical resources to enable the success of entrepreneurs and the establishment and growth of new companies. Learn more at polsky.uchicago.edu.
Fill out the “Get Started with the Polsky Center” online form to access our resources and subscribe to our newsletters.
Alexia Elejalde-Ruiz
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DUBLIN--(BUSINESS WIRE)--The "Enhanced Oil Recovery (EOR) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The enhanced oil recovery (EOR) market is expected to grow at a CAGR of more than 1.5% during the forecast period of 2021 - 2026.
The COVID-19 pandemic has severely affected the shale and heavy oil market which accounts for a large usage of the EOR techniques. Factors such as the increasing number of maturing oil fields coupled with improving technologies with the introduction of better oil recovery techniques are likely to drive the EOR market during the forecast period. However, the volatility of crude oil prices is expected to restrain the growth of the market in the coming years.
Companies Mentioned
Key Market Trends
Gas Injection Technique to Dominate the Market
Asia-Pacific to Witness Significant Growth
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Technology
5.1.1 Gas Injection
5.1.2 Thermal Injection
5.1.3 Chemical Injection
5.1.4 Microbial Injection
5.1.5 Others
5.2 Location
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Baker Hughes Co.
6.3.2 BP PLC
6.3.3 Chevron Corporation
6.3.4 Exxon Mobil Corporation
6.3.5 Halliburton Co.
6.3.6 Praxair Technology Inc.
6.3.7 Royal Dutch Shell PLC
6.3.8 Schlumberger Ltd.
6.3.9 Total SA
6.3.10 Weatherford International PLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/881kxq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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As part of the #GoGreenWithRazer initiative, Razer has mapped out a 10-year sustainability plan and rallies the community to gear up together with the brand.
IRVINE, Calif.--(BUSINESS WIRE)--#carbonneutralitty--Razer™, the leading global lifestyle brand for gamers (Hong Kong Stock Code: 1337), today announced a far-reaching, long-term commitment to a 10-year environmental roadmap. Under the #GoGreenWithRazer banner, the program will help preserve nature and protect the environment – ensuring a cleaner, greener world for future generations.
New targets include the use of 100% renewable energy by 2025, all products to use recycled or recyclable materials by 2030, and being 100% carbon neutral by 2030. As part of this movement, Razer is also galvanizing the community – youth, millennials and Gen Z to make a difference through several green initiatives. This includes recycling and being aware of its environmental footprints.
“Through our #GoGreenWithRazer campaign led by our Sneki Snek mascot, the Razer community has been insanely supportive and passionate,” says Min-Liang Tan, Razer Co-Founder and CEO. “Awareness of how we impact the environment is incredibly important. Hence, Razer has planned out a sustainability roadmap to continue fighting environmental and climate changes. We’re determined to make the world a better place for all of its citizens to game and live in.”
Building a Green Organization
As the brand grows and evolves, Razer will explore opportunities to integrate sustainability plans into the company culture and employees’ mindset. With the aim of building a culture of care for the planet, Razer commits to reduce and eradicate the use of single-use plastics in all offices to reduce Greenhouse Gas emission, preserve bio-habitats, and aim to be 100% carbon neutral by the year 2030.
Where reduce and renew is not possible, Razer will restore through investments in forestry and other environment-impact projects.
Today, Razer’s European office in Hamburg, Germany is already powered by renewable energy, and the new, soon-to-be-opened Razer SEA HQ in Singapore will also follow suit. By year 2025, all global offices will be powered by 100% renewable energy.
For more information on Razer’s Green Organization initiative, please see here.
Redesigning Green Products
As a leading brand in gaming peripherals, hardware forms a majority of Razer’s business. As such, Razer aims to reduce the environmental impact caused by manufacturing.
Having reviewed its products, packaging, and operations, Razer will ensure that all products will be recyclable with the brand by year 2025. This includes the disposal and recycling of Razer products by both customers and global distributors. Razer encourages customers to return their old Razer peripherals to any RazerStore worldwide for free-of-charge recycling.
Razer will also implement strict waste disposal procedures across global offices and repair centers, and pledge to use recycled or recyclable materials for all products by year 2030. Hardware made by the brand will incorporate PCR plastics and adhere to an eco-friendly design, including FSC-certified, biodegradable packaging.
Razer aims to adhere to the best industry standards and practices, and secure validation through established certification bodies. Razer is also making sure to dispose e-waste responsibly in compliance with local and international environmental, safety, and health regulations.
For more information on Razer’s Green Products initiative, please see here.
Celebrating a Green Community
Razer is proud to be part of an ecosystem that is characterized by inclusivity and solidarity. As a leader in the gaming community, Razer pledges to leverage its influence and rally gamers worldwide to contribute to the brand’s green cause through opportunities for fans via product offerings.
Furthermore, Razer will adopt #GoGreenWithRazer as a global corporate social responsibility focus to empower and encourage the community to contribute and support the global green movement – with Sneki Snek, Razer’s hugely popular sustainability mascot, leading the charge.
As a result of the overwhelming success of Razer’s partnership with Conservation International, Razer has recently set a new target to save 1,000,000 trees through the sale of Sneki Snek plushies and eco-friendly merchandise. To galvanize the support of fans, Razer will announce a new piece of Sneki Snek merch at every 250,000 trees mark. Every piece of Sneki Snek merchandise sold will protect 10 trees and contribute to the enormous new goal of 1 million trees saved.
Together with Razer, Conservation International is securing the protection of trees from dozens of forests around the world, such as Costa Rica, Ecuador, Suriname, Brazil, Madagascar, and Indonesia – among many others.
At the time of writing, Razer has already saved approximately 170,000 trees. For more information, please visit the Sneki Snek campaign page.
For more information on Razer’s Green Community initiative, please see here.
Investments in a Greener Future
As part of Razer’s efforts to encourage sustainability among the community of youth, millennials and Gen Z, Razer will support and invest in environment and sustainability startups. Razer will activate zVentures, Razer’s corporate venture arm, to fuel the growth of these startups and provide a better future for its community.
Razer will also leverage on its unique ecosystem of hardware, software and services to partner with these startups on joint initiatives and meet the environmental needs of the next generation.
For more information on Razer’s Green Investments initiative, please see here.
Razer will work towards expanding its #GoGreenWithRazer campaign and will endeavor to do more for the environment to create a safe world for all to play in. For more information, please visit https://www.razer.com/go-green.
MEDIA ASSETS
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ABOUT RAZER
Razer™ is the world’s leading lifestyle brand for gamers.
The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.
Razer’s award-winning hardware includes high-performance gaming peripherals and Blade gaming laptops.
Razer’s software platform, with over 100 million users, includes Razer Synapse (an Internet of Things platform), Razer Chroma RGB (a proprietary RGB lighting technology system), and Razer Cortex (a game optimizer and launcher).
In services, Razer Gold is one of the world’s largest virtual credit services for gamers, and Razer Fintech is one of the largest offline-to-online digital payment networks in SE Asia.
Founded in 2005 and dual-headquartered in Irvine (California) and Singapore, Razer has 17 offices worldwide and is recognized as the leading brand for gamers in the USA, Europe and China. Razer is listed on the Hong Kong Stock Exchange (Stock Code: 1337).
Razer - For Gamers. By Gamers.™
PRESS CONTACTS
Americas
Kevin Allen
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EMEA
Maren Epping
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China
Evita Zhang
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Asia Pacific
Vanessa Li
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Newly completed solar energy sites at Cumberland and Tiverton to benefit off-taker Rhode Island Airport Corporation (RIAC)
FRAMINGHAM, Mass. & TIVERTON & CUMBERLAND, R.I.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced that it achieved commercial operation at its solar energy site in Tiverton, Rhode Island and mechanical completion at its site in Cumberland, Rhode Island. Both milestones mark meaningful steps in the advancement of solar energy resources within the State.
Installed on a former corn field, Ameresco’s Tiverton’s solar energy site comprises over 12,000 modules with an electricity generation capacity of 4.95 MW. Through the implementation of these solutions, the Rhode Island Airport Corporation (RIAC) is expected to amass an annual cost savings of approximately $380,000 in the first year alone. While not yet at commercial operation, the solar site at Cumberland installed over 14,000 modules with an electricity generation capacity of 5.71 MW, subsequently accumulating an annual cost savings of approximately $410,000 in its first year.
RIAC has entered into a long-term agreement with Ameresco as the designated off-taker of the clean energy generated from both sites. RIAC has a long-standing history of supporting the development of various sustainable resources and environmental programs meant to minimize potential adverse impacts from airport operations.
Both solar sites further enhance Cumberland and Tiverton’s commitment to implementing reliable, cost-effective and environmentally conscious solutions. Over the years, Cumberland has prioritized various sustainability initiatives by installing energy efficient technologies in public buildings, and Tiverton has established local conservation and recycling commissions dedicated to educating community residents. These initiatives play a vital role in informing the public and strengthening the importance of renewable energy solutions.
“Our projects in Cumberland and Tiverton are prime examples of the economic and environmental benefits renewable energy solutions offer our customers. By developing and implementing over 10MW of electricity capacity and providing over $790K in annual energy savings, these projects provide a renewable energy source that directly advances the state’s commitment to clean energy expansion within their renewable energy portfolio.” said David J. Anderson, executive vice president and director at Ameresco.
Commercial operation of the Cumberland project is expected to be achieved by April 2021.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About the Rhode Island Airport Corporation
The Rhode Island Airport Corporation was formed on December 9, 1992 as a semi-autonomous subsidiary of the Rhode Island Commerce Corporation to operate and maintain the state's airport system. The powers of the corporation are vested in its seven-member board of directors, all of whom are appointed by the governor. The Rhode Island Airport Corporation is responsible for the design, construction, operation and maintenance of the six state-owned airports; and the supervision of all civil airports, landing areas, navigation facilities, air schools and flying clubs. In addition to T. F. Green Airport, the Rhode Island Airport Corporation is responsible for five general aviation airports throughout the state: Block Island, Newport, North Central, Quonset and Westerly. For more information visit RIAC at https://www.pvdairport.com/.
The announcement of Ameresco’s completion of a renewable energy asset project is not necessarily indicative of the timing or amount of revenue from the energy asset, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. The Tiverton site was included in our previously reported operating assets and the Cumberland site was included in our previously reported assets in development as of December 31, 2020.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
WASHINGTON--(BUSINESS WIRE)--Today, the Clean Hydrogen Future Coalition (CHFC) announced it is bringing together a diverse group of stakeholders under a shared vision to support federal clean hydrogen policies that promote clean hydrogen as a key pathway to achieve global decarbonization objectives while also increasing U.S. global competitiveness.
“Clean Hydrogen fits squarely within President Biden’s plan to “Build Back Better” as it has the potential to decarbonize all sectors of the U.S. economy, create and transition good-paying jobs, and grow our economy. The Clean Hydrogen Future Coalition is calling upon policymakers to ensure that clean hydrogen plays a significant role to advance a national energy and climate strategy. It’s critical that public and private sector leaders work together so that our country can reap the benefit from strategic investments that advance clean hydrogen technologies and a clean energy future,” says Erik Mason, Nikola Global Head of Energy Supply & Trading and incoming chair of the Clean Hydrogen Future Coalition.
Clean hydrogen has the ability to accelerate decarbonization across all sectors of our economy, as well as transition existing - and create new - skilled, high wage jobs needed to support the clean energy transition. In addition to the wide range of market applications and potential for significant future demand, clean hydrogen can be produced from a variety of energy sources, used as a replacement fuel or feedstock in several industries, store energy over long periods of time, as well as move and deliver energy to where it is needed, making it a highly versatile, clean energy resource.
“We are enthusiastic that many sectors of the economy are joining together to advocate for clean hydrogen as a critical pathway to achieve the emission reduction goals we have set for the businesses and groups we lead,” says David Carroll, President and CEO, Gas Technology Institute (GTI), Richard Voorberg, President, Siemens Energy, Inc., Sean McGarvey, President, North America's Building Trades Unions (NABTU), and Alan Armstrong, President and CEO, The Williams Companies. “Our organizations, as well as several other U.S. businesses, have identified clean hydrogen as essential to meeting our targets, and we are eager to work with President Biden, his administration and Congress to foster clean hydrogen’s growth throughout our economy.”
To catalyze a clean hydrogen industry in the United States, the coalition is identifying specific actions that the U.S. can undertake to scale the full supply chain for clean hydrogen production, transport, storage, and use, as well as the technology development and infrastructure needs across multiple sectors. With the U.S. lagging behind other nations in scaling up the supply chain for clean hydrogen, the CHFC aims to support policies that promote clean hydrogen.
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With over 20 leading stakeholder and industry participants, the Clean Hydrogen Future Coalition represents a diverse group of energy companies, labor unions, utilities, NGOs, equipment suppliers, and project developers who are committed to the advancement of a net zero CO2 economy that is supported by the infrastructure across the supply chain to fully scale net zero clean hydrogen production and use in the U.S. Learn more at www.cleanH2.org
Shannon Angielski 202.298.1825 (Washington, DC)
DUBLIN--(BUSINESS WIRE)--The "Shale Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The shale oil market is expected to grow at a CAGR of more than 2% over the period of 2021-2026.
Companies Mentioned
Key Market Trends
Growing Petrochemicals Industry to Drive the Market
North America to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Shale Oil Production and Forecast, in million barrels per day, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.2 South America
5.1.3 Europe
5.1.4 Asia-Pacific
5.1.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Exxon Mobil Corporation
6.3.2 Chevron Corporation
6.3.3 ConocoPhillips Company
6.3.4 Royal Dutch Shell PLC
6.3.5 Continental Resources Inc
6.3.6 Murphy Oil Corporation
6.3.7 Occidental Petroleum Corporation
6.3.8 Marathon Oil Corporation
6.3.9 Schlumberger Limited
6.3.10 Halliburton Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/beqcq4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK & LONDON--(BUSINESS WIRE)--CIIG Merger Corp. (“CIIG”) (NASDAQ: CIIC), a US publicly-traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination with Arrival S.à r.l. (“Arrival”), the global company creating electric vehicles with its game-changing technologies. The vote took place during a Special Meeting today, and a Form 8-K disclosing the final voting results is expected to be filed with the Securities and Exchange Commission today.
The closing of the business combination is anticipated to take place on March 24, 2021. Following this, the combined company will be renamed Arrival and its ordinary shares and warrants will trade on the Nasdaq Global Select Market beginning on March 25, 2021 under the ticker symbols “ARVL” and “ARVLW” respectively.
About CIIG Merger Corp.
CIIG Merger Corp. (NASDAQ: CIIC) is a Delaware special purpose acquisition company founded by Peter Cuneo, Gavin Cuneo and Michael Minnick for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG’s units, Class A common stock and warrants trade on the NASDAQ under the ticker symbols "CIICU," "CIIC," and "CIICW" respectively.
About Arrival
Arrival is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 and headquartered in London, UK and Charlotte, North Carolina, USA, with more than 1500 global employees located in offices across the United States, Germany, the Netherlands, Israel, Russia, and Luxembourg. The company is deploying its first three microfactories in North Carolina, USA, South Carolina, USA and Bicester, UK in 2021.
Advisors
Cowen is serving as lead financial advisor and J.P. Morgan is serving as financial advisor to Arrival. UBS Investment Bank and Barclays are serving as financial and capital markets advisors to CIIG. Cowen served as lead placement agent and UBS Investment Bank served as placement agent on the PIPE. Greenberg Traurig, P.A. is serving as legal advisor to Arrival. Akin Gump Strauss Hauer & Feld LLP is serving as legal advisor to CIIG. Milltown Partners LLP is serving as communications advisor for Arrival. Blueshirt Capital Advisors is serving as investor relations advisor for Arrival.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws, the anticipated timing of the closing of the business combination and anticipated timing of Arrival becoming a publicly listed Company. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CIIG’s securities, (ii) the risk that the transaction may not be completed by CIIG’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CIIG, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of CIIG and Arrival, the satisfaction of the minimum trust account amount following redemptions by CIIG’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the impact of COVID-19 on Arrival’s business and/or the ability of the parties to complete the proposed transaction; (vii) the effect of the announcement or pendency of the transaction on Arrival’s business relationships, performance, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Arrival and potential difficulties in Arrival employee retention as a result of the proposed transaction, (ix) the outcome of any legal proceedings that may be instituted against Arrival Group, Arrival or CIIG related to the business combination agreement or the proposed transaction, (x) the ability to maintain the listing of CIIG’s securities on the NASDAQ Stock Market, (xi) the price of CIIG’s and the post-combination company’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Arrival operates, variations in performance across competitors, changes in laws and regulations affecting Arrival business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xiii) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Arrival operates, (xiv) the risk that Arrival and its current and future collaborators are unable to successfully develop and commercialize Arrival’s products or services, or experience significant delays in doing so, (xv) the risk that the post-combination company may never achieve or sustain profitability; (xvi) the risk that the post-combination company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xvii) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations, (xviii) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations; (xix) the risk that the utilization of Microfactories will not provide the expected benefits due to, among other things, the inability to locate appropriate buildings to use as Microfactories, Microfactories needing a larger than anticipated factory footprint, and the inability of Arrival to deploy Microfactories in the anticipated time frame; (xx) the risk that the orders that have been placed for vehicles, including the order from UPS, are cancelled or modified; (xxi) that Arrival has identified material weaknesses in its internal control over financial reporting which, if not corrected, could adversely affect the reliability of Arrival’s financial reporting; (xxii) the risk of product liability or regulatory lawsuits or proceedings relating to Arrival’s products and services; (xxiii) the risk that Arrival is unable to secure or protect its intellectual property; and (xxiv) the risk that the post-combination company’s securities will not be approved for listing on the NASDAQ Stock Market or if approved, maintain the listing. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of CIIG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the Registration Statement and proxy statement/prospectus discussed above and other documents filed by CIIG from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Arrival Group, Arrival and CIIG assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Arrival Group, Arrival nor CIIG gives any assurance that either Arrival Group, Arrival or CIIG will achieve its expectations.
PRIIPs / Prospectus Regulation /IMPORTANT – EEA AND UK RETAIL INVESTORS
The ordinary shares to be issued by Arrival Group in the proposed transaction (the “Ordinary Shares”) are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (this Regulation together with any implementing measures in any member state, the “Prospectus Regulation”). Consequently, no offer of securities to which this announcement relates, is made to any person in any Member State of the EEA which applies the Prospectus Regulation who are not qualified investors for the purposes of the Prospectus Regulation, is made in the EEA and no key information document required by Regulation (EU) No. 1286/2014 (as amended the “PRIIPs Regulation”) for offering or selling the Ordinary Shares or otherwise making them available to retail investors in the EEA or in the United Kingdom will be prepared and therefore offering or selling the Ordinary Shares or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful under the PRIIPs Regulation.
Media Contacts
For CIIG
Media and Investors
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For Arrival
Media, Victoria Tomlinson
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Investors
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WILLISTON, Vt.--(BUSINESS WIRE)--$ISUN #microgrid--iSun, Inc. (NASDAQ: ISUN) (“iSun” or the “Company”), a leading solar energy and clean mobility infrastructure company with 50 years of construction expertise for solar, electrical and data services, today announced that it has been selected to provide its innovative solar products and services for phase one of one of the nation’s largest solar plus storage microgrid projects underway in Jackson, TN.
Highlights
Phase one of the multi-phase project led by industry pioneer Northern Reliability is the vision of Community Development Enterprises (“CDE”) whose mission is to provide green energy solutions and economic relief to cities across the United States that have been hit with natural disasters and economic challenges over the past decade. Under the agreement, iSun will provide Engineering Procurement and Construction (“EPC”) services for the 16MW ground mount solar energy infrastructure. iSun’s estimated contract value is approximately $25 million with installations beginning in late-summer 2021.
“The selection of iSun as the provider of the solar portion of this project is testament to the Company’s established position as a high-quality EPC partner in the solar energy market and iSun’s innovative solar products and solutions. Our team has the ability to engage at all stages of a project to provide EPC expertise, innovation recommendations and confidence in our ability to execute,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We are excited to be working with such forward thinking partners in NRI and CDE that share our values. Constructed solar assets will provide immediate local jobs and benefits to the Jackson, TN area for decades to come, and we are looking forward to continuing to work together to pursue similar opportunities across the nation.”
“We evaluated multiple proposals for our Jackson solar microgrid from qualified EPCs and it was clear to us that the iSun proposal stood out as superior. CDE has selected iSun because of the high-quality and detail presented in their 16MW array facility design, their flexibility in adapting to our usual site and use case demands, the overall completeness of their scope, and the high votes of confidence provided by their long-term customers,” remarked Dennis Emberling, President and CEO of CDE in Jackson.
Emberling continued, “This project is part of a larger effort by CDE to help Jackson redevelop. It will bring new businesses, new jobs, new educational opportunities, and $211M in economic impact to Jackson, including contributions to their infrastructure and community organizations. In selecting our Project Partners, it was important that our Partners shared the values of the communities that we are serving. We think CDE and iSun are a fit, and we look forward to doing many projects together in the near future.”
Gregg Noble, Vice President of Sales & Development of Northern Reliability, Inc., added, "The team at NRI is pleased to make this announcement regarding the selection of iSun as the PV vendor for the Jackson Solar Microgrid project. iSun will be a valuable part of the team as we push forward CDE's vision of redeveloping the City of Jackson into a green energy hub and energy model of the future. The success in Jackson is critical towards understanding the economic potential which exists in all of America's hardest hit communities. It is not a story about technology, it is a hopeful story about the path forward. We are proud to be moving down that path with a partner like iSun who shares that same positive vision for the business and citizens of this community."
About iSun, Inc.
Headquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, iSun provides energy services, smart city innovations and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com
About Northern Reliability, Inc.
Northern Reliability, Inc. (“NRI”) is a US-based power systems integrator and the oldest operating engineering firm in the energy storage space based in Waterbury, Vermont. Initially formed as the energy storage and hybrid power systems division of Northern Power (formerly TSX:NPS) in the early 1970s, the NRI engineers broke off to become a separate organization. Having designed and deployed over 1,100 off-grid and microgrid power systems around the planet, the NRI team made news in T&D World Magazine 2017, 2018, and 2019 when it was awarded a unique $1.3M Grid-Tied Distributed Energy System Project for Xcel Energy in Denver, CO, the largest grid-tied solar + storage project in the Southern U.S., for Today’s Power, Inc. in Fayetteville, Arkansas 12MW-26.1MWh, and for a transportable storage contract with EPRI and the US Navy. In March 2021, NRI co-founded the first Mobile Energy Storage platform Nomad Transportable Power Systems. Visit www.northernreliability.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed acquisition, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed acquisition; (ii) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.
Investor Relations:
Chase Jacobson
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p: 802-264-2040
With a new 50-year operating license in hand, Exelon Generation can now move forward with up to $700 million in planned investments to enhance aquatic life, water quality and environmental stewardship
DARLINGTON, Md.--(BUSINESS WIRE)--Yesterday, Exelon Generation’s Conowingo Dam received a 50-year operating license from a unanimous Federal Energy Regulatory Commission. The license is a critical step forward for Chesapeake Bay restoration efforts and paves the way for long-term investments that will enhance water quality, fish and eel passage, aquatic habitats and debris removal. It also enables the continued operation of Maryland’s largest source of renewable energy, which generates safe, reliable power for tens of thousands of Maryland families and businesses.
“This license renewal is a big win for Maryland’s environment and economy, paving the way for up to $700 million in improvements that will benefit Chesapeake Bay water quality and aquatic life,” said Bryan Hanson, executive vice president and chief generation officer. “As a result, the Conowingo Dam will continue to help Maryland achieve its long-term renewable and clean energy goals, combatting air pollution and helping preserve the Bay for another half-century.”
The benefits from the new license conditions include changes in the flow regime that will enhance habitat for aquatic species like American shad and river herring, and submerged aquatic vegetation, which trap sediment and remove pollution. Benefits also include new programs for mussel restoration, fish and eel-passage, turtle management and waterfowl-nesting. Exelon will also continue its investments to address the accumulation of trash and debris that float down from New York and Pennsylvania, as well as shoreline-management and stream flow regime changes.
“As Conowingo Dam employees, we take pride in knowing that we have provided clean energy to our region for over 90 years and will continue to make this state a better place to live,” said Conowingo Dam Plant Manager, Dusty McKeown. “This new license will further our efforts to protect and preserve the Chesapeake Bay and allow future generations of Marylanders to enjoy the many benefits of the dam for the next half-century.”
About Exelon Generation
Exelon Generation, a subsidiary of Exelon Corporation (Nasdaq: EXC), is the nation’s largest producer of carbon-free energy, powering more than 20 million homes and businesses through a diverse generation fleet with more than 30,000 megawatts of capacity. Exelon Generation operates the largest U.S. fleet of zero-carbon nuclear plants with more than 18,700 megawatts from 21 reactors at 12 facilities in Illinois, Maryland, New York, and Pennsylvania. It also operates a diverse mix of wind, solar, hydroelectric, natural gas, and oil facilities in 19 states with approximately 12,000 megawatts. Exelon Generation sets the standard for world-class power plant operations that produce clean, safe, reliable electricity, and is an active partner and economic engine in the communities it serves by providing jobs, charitable contributions and tax payments that help towns and regions grow. Follow Exelon Generation on Twitter @ExelonGen, view the Exelon Generation YouTube channel or visit exeloncorp.com.
Deena O’Brien
Sr. Manager, Exelon Generation Communications
484-680-2225
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Company outlines a Build Back Better framework to accelerate carbon reduction, environmental justice, and job creation starting with the built environment
SEATTLE--(BUSINESS WIRE)--McKinstry, a national construction and energy services firm, today unveiled a set of recommendations for the Biden-Harris administration’s Build Back Better jobs and recovery plan to propel the U.S. toward a zero-carbon future. The recommendations provide a framework to decarbonize the built environment, advance environmental justice, and create the thousands of sustained good-wage jobs needed to make buildings healthier, more resilient, and more efficient.
Commercial buildings today account for 40% of total carbon emissions and 40% of energy consumed in the U.S., but just 11% of that energy comes from clean, zero-carbon, renewable sources. While decades of utility energy efficiency programs have slowed energy consumption in the building sector, these initiatives do not reduce carbon emissions enough to prevent global temperatures from increasing beyond the 1.5-degree Celsius threshold that climate scientists agree is a tipping point.
“The world is grappling with the real-time effects of the climate crisis, racial injustice, economic inequities and the need to make better buildings more affordable,” said McKinstry CEO Dean Allen. “Clean energy and improved efficiency within the built environment can deliver a healthier, more affordable and more equitable society while directly addressing the climate crisis. At no other point has McKinstry felt so compelled and so confident to lay out the leadership needed to bring about bold change – for our people, for our industry, for our planet.”
In response to this need, McKinstry recommends a set of five specific actions focused on building momentum for transformative change in the U.S. energy value chain and speeding progress on critical goals related to the climate crisis, affordability, job creation and social equity.
Along with these recommendations, McKinstry calls on the Biden-Harris administration to create a clear, tangible, complete and compelling vision of what the U.S. will look like in 2030 – a highly efficient society powered by zero-carbon energy sources equitably distributed across incomes and geographies.
“Over the last decade, the effort to address the climate crisis has suffered from a lack of clarity around priorities and answers. We support a national effort aimed at creating the jobs required to build a modern, sustainable infrastructure today backed by an equitable zero-carbon future,” Allen said. “Modernizing infrastructure so that it is in better balance with the natural environment must happen within the next decade and a targeted zero-carbon investment and action in the built environment will lift up every community across the U.S. We must act with urgency and make the most of this once-in-a-generation opportunity.”
To learn more and download a copy of McKinstry’s white paper, “Action for Impact: Recommendations to Build Back Better,” visit: https://www.mckinstry.com/about/action-for-impact/
About McKinstry
McKinstry is a national leader in designing, constructing, operating and maintaining high-performing buildings. From new construction and ongoing operations to adaptive reuse and energy retrofits, the company provides a single point of accountability across the entire building lifecycle. McKinstry focuses on people and outcomes to ensure the built environment serves owners, operators and occupants alike. McKinstry is your trusted partner for the life of your building. Learn more at www.McKinstry.com.
Steve Smith
Voxus PR, on behalf of McKinstry
425.753.1653
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that Brad Barron, President and Chief Executive Officer; Tom Shoaf, Executive Vice President and Chief Financial Officer; Danny Oliver, Executive Vice President of Business Development & Engineering; Amy Perry, Executive Vice President of Strategic Development; Pam Schmidt, Vice President of Investor Relations, and other members of management will participate in virtual meetings with members of the investment community at the 49th Annual Scotia Howard Weil Energy Conference on Tuesday, March 23, 2021. The materials to be discussed in the meetings will be available on the partnership’s website at 9:00 a.m. Central Time, Tuesday, March 23, 2021.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and the partnership has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com
Update to MACS3’s Dangerous Goods module - IMDG code amendment 40-20 ensures stowage and segregation rules are followed, leading to safer and more efficient loading operations
OAKLAND, Calif. & FLENSBURG, Germany--(BUSINESS WIRE)--Navis, the leading provider of maritime software solutions for efficient and compliant cargo, stowage planning and vessel performance, announced that the MACS3 loading computer has successfully complied with the International Maritime Dangerous Goods (IMDG) code amendment 40-20. The MACS3 loading computer is setting the industry standard in maximizing operational safety for container vessels as well as efficient loading operations worldwide.
“When it comes to handling dangerous goods, safety is not just part of the job - it is the job,” said Younus Aftab, Chief Product Officer at Navis. “The increasing number of incidents at sea clearly emphasizes the importance of prioritizing safety for daily operations. With dangerous goods, there is just too much at the stake including legal sanctions and incidents leading to collateral damages, so it is imperative that appropriate safety measures not be overlooked and that key stakeholders across the ocean shipping supply chain operate with seamless solutions.”
The MACS3 DG module allows shipping companies to gain a holistic view and greater control over the safe handling of hazardous cargo. One of the unique benefits of the MACS3 DG module is the integration with StowMan and MACS3 API, which increases visibility and the robustness of operational safety. Connecting key stakeholders - terminals, ports, crew on-board, liners and ship managers and owners - ensures maximum safety of handling dangerous goods can be achieved at different operational stages. Planners can now share the same view on stowage-related KPIs as the crew on board, helping to optimize the cargo load and trim based on accurate vessel profile information. This is especially important when managing dangerous goods transportation under unexpected situations such as incidents at sea. In case of an incident or an emergency situation, the segregation and storage rules produced by MACS3 prevent collateral damage from happening.
“We know that shipping dangerous goods is not an easy task and safety of the vessel and crew aboard are of the utmost importance. At Navis, we are aiming to facilitate safer vessel operations and improve visibility of dangerous goods flowing through ports and terminals. That includes making sure that the solutions we provide are in compliance with the latest industry safety standards and that our customers have access to all of the relevant data necessary to make informed decisions that will make seaborne operations safer. We remain committed to delivering technology that will get our customers’ goods and people where they need to go without incident,” Younus Aftab, Chief Product Officer at Navis continued.
To learn more, visit www.navis.com.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
Ekinsu Rudek
Navis, LLC
T+49 461 430 41 318
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Geena Pickering
Affect
T+1 212 398 9680
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HOUSTON--(BUSINESS WIRE)--Whiting USA Trust II (OTC:WHZT) announced today that it filed a copy of the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020 on the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system maintained by the SEC at http://www.sec.gov. The Trust filings are also available on the Trust’s website at http://whzt.q4web.com/home/default.aspx. In addition, the Trust will provide electronic and paper copies of its recent filings free of charge upon request to the Trustee.
Whiting USA Trust II
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
(512) 236-6555
601 Travis Street, 16th Floor, Houston, TX 77002
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TEHACHAPI, Calif.--(BUSINESS WIRE)--World Wind & Solar (“WWS” or “the Company”), a Pearce Services company and leader in renewable energy operations and maintenance services for utility-scale wind, solar, and energy storage system (“ESS”) assets, today announced the expansion of its service offering with the addition of A & A Wind Pros, Inc. (“A & A Wind Pros”). A & A Wind Pros is a Waurika, Oklahoma-based provider of wind turbine cleaning, repair, and maintenance services, with an excellent reputation in the industry.
The addition of A & A Wind Pros to the WWS team further expands the Company’s portfolio of services to include wind turbine tower cleaning (internal and external), blade cleaning, and yaw puck removal and installation services. WWS also provides break-in maintenance, scheduled and emergency services, major component exchange, composite repairs, technical troubleshooting, engineered solutions, and parts and logistics to wind turbine OEMs and asset owners throughout the United States.
“The addition of A & A Wind Pros supports our continued mission to be a total solutions provider to our nation’s critical energy infrastructure. A & A Wind Pros is a well-established maintenance company with more than a decade of experience in the industry. They share our steadfast commitment to safety, integrity, environmental responsibility, and quality, making them an ideal addition to our team,” said Travis Dees, WWS’s Vice President of Operations.
“Enhancing our service offering and adding industry professionals to our team is a huge win for the WWS team, our customers, and the industry,” added Daryl Ragsdale, Vice President of Business Development at WWS.
Over the past year, WWS has continued to experience rapid growth and worked to enhance its service capabilities. With approximately 600 technicians working throughout the country, WWS is one of the largest Independent Service Providers (ISP) in the renewable energy industry, serving a wide range of OEMs, asset owners, and operators. The addition of A & A Wind Pros is a natural expansion of WWS’s service capabilities and provides additional career progression opportunities for all employees.
“Together with WWS, we will significantly expand our geographic coverage and deliver a more comprehensive service offering to our customers,” said Slade Roberson, Founder and President of A & A Wind Pros. “We are thrilled to be part of the WWS family and look forward to continued growth together,” added Jennifer Cathey, Co-Owner of A & A Wind Pros.
About World Wind & Solar (WWS)
World Wind & Solar (WWS) is the nation’s number one Independent Service Provider (ISP) and has been supporting renewable assets since 2007. WWS offers a comprehensive list of services across all phases of a project’s lifecycle including construction, commissioning, operations, including re-power or decommissioning. Project owner’s, OEM’s, O&M providers, and EPC companies use WWS to operate, maintain, and repair their critical assets. When you need quality scheduled or unscheduled maintenance, large corrective repairs or exchanges, blade repairs, inverter services, PV optimization, or any other specialty solution WWS should be your first call. For more information, please visit www.worldwindsolar.com.
About Pearce Services
Pearce Services is a leading national provider of operations, maintenance, and engineering services for mission-critical infrastructure. Pearce offers innovative, tech-enabled services across its four brands: Pearce Services, Pearce Renewables, MaxGen Energy Services, and World Wind & Solar. We safely serve our telecom, renewable energy, electric vehicle (EV), and energy storage system infrastructure customers around-the-clock. With nationwide coverage, we can deploy our highly trained technicians quickly and efficiently to provide you unmatched response times, quality, and consistent service for your distributed mission-critical assets. Our engineering and support teams use sophisticated software, analytics, and detailed safety plans to support our technical experts in the field. Our constant innovation and close collaboration with our customers are a hallmark of our service. To learn more about Pearce Services, visit www.pearce-services.com.
For World Wind & Solar (WWS):
Daryl Ragsdale
Vice President of Business Development
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For Pearce Services:
Geoffrey Tollett
Vice President of Mergers & Acquisitions
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HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today that there will be no distribution paid for the month of March 2021 to holders of record as of the close of business on March 31, 2021, as costs, charges and expenses attributable to the Trust’s royalty properties, and applicable reserves, exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to the specified interest in certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by the volatility in commodity prices. There was a substantial decrease in oil and natural gas prices in 2020 due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Continued low oil and natural gas prices, among other things, will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2019 under “Part I, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended March 31, 2020 under “Part II, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended June 30, 2020 under “Part II, Item 1A. Risk Factors” and the Trust’s Form 10-Q for the quarter ended September 30, 2020 under “Part II, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
http://mtr.q4web.com/home/default.aspx
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
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