ROTTERDAM, Netherlands--(BUSINESS WIRE)--LBC Tank Terminals announced today that a conference call will be held to discuss the company’s financial results for Q2 FY21 which ended on 31 December 2020.

The results will be published today, Monday 15 February 2021, followed by a conference call for all investors on Tuesday, 23 February 2021 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time).

Call details and copies of the financial statements will be made available on the Intralinks website.

Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting This email address is being protected from spambots. You need JavaScript enabled to view it..

LBC Tank Terminals

LBC Tank Terminals, with its headquarter in Belgium, is an independent operator of midstream and downstream bulk liquid storage facilities for chemicals, oils and refined petroleum products currently owning and operating seven terminals located in Houston, Freeport, Baton Rouge, Antwerp and Rotterdam with combined storage capacity of 2.6 million m³, serving over 100 customers including all major players. Our goal is simple: we aim to provide our customers with the safest, most reliable and efficient tank storage and logistical solutions. More information is available at www.lbctt.com

LBC Belgium Holding NV
Steven Pauwels, 0032 15 28 73 10
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More than $185 million in Free Cash Flow¹ Expected in 2021

HOUSTON--(BUSINESS WIRE)--Noble Midstream Partners LP (NASDAQ: NBLX) (“Noble Midstream” or the “Partnership”) today reported fourth-quarter and full-year 2020 financial and operational results. The Partnership’s results are consolidated to include Noble Midstream’s 54.4% ownership of Black Diamond Gathering, LLC (“Black Diamond Gathering”). References to Equity Method Investments pertain to Noble Midstream’s equity interests in joint ventures that are not wholly-owned by the Partnership.

Certain results are shown as “attributable to the Partnership,” which exclude the noncontrolling interests in Black Diamond Gathering retained by Greenfield Midstream. Noble Midstream believes the results “attributable to the Partnership” provide the best representation of the ongoing operations from which the Partnership’s unitholders will benefit.

Fourth-Quarter 2020 and Recent Highlights

• Generated $40 million Net Income Attributable to the Partnership, $85 million Net Cash Provided by Operating Activities, and $95 million in Adjusted Net EBITDA^1,2
• Self-funded $7 million in net organic capital expenditures and $23 million in equity method investments
• Gathered 286,000 gross barrels of oil and gas equivalent per day (Boe/d) and 146,000 barrels of produced water per day (Bw/d)
• Delivered 89,000 Bw/d fresh water as producer activity resumes across the Partnership’s dedication areas
• Transported 768,000 gross (170,000 net) barrels of oil per day (Bbl/d) across intermediate and long-haul pipeline equity interests
• Reduced flaring intensity in the Delaware Basin 53% and overall volume of unintentional releases by 90+% year-over-year

2021 Investment Program and Operational Guidance

• $155 to $185 million in Net Income, $360 to $395 million in Adjusted Net EBITDA^1,2 and $185 to $220 million in Free Cash Flow¹
• Total capital investments of $80 to $110 million, including net organic capital expenditures of $65 to $85 million
• 275,000 to 305,000 Boe/d of oil and gas gathering volumes and 120,000 to 140,000 Bw/d of produced water gathering volumes
• Leverage of 3.6x to 4.0x Net Debt to Trailing Twelve Months (TTM) EBITDA¹

Robin Fielder, Chief Executive Officer of the Partnership stated, “Noble Midstream exited 2020 with five additional liquids transmission projects in-service while achieving material operating and capital cost savings during the year. These accomplishments, coupled with the resumption of completion activity late in 2020, position the Partnership for enhanced capital efficiency and returns. Our 2021 capital program is focused primarily on short-cycle investments, and we expect to generate material free cash flow and reduce leverage.”

Operational Momentum into New Year

Fourth-quarter 2020 revenues totaled $207 million, up 11% sequentially, due to an increase in fresh water delivery revenue and third-party crude oil sales. Affiliate oil and gas gathering revenue of $76 million and third-party oil and gas gathering revenue of $18 million both decreased 5% sequentially due to natural field declines.

Operating expenses for the fourth quarter totaled $149 million with $26 million in direct operating expenses. Direct operating expenses increased sequentially due to higher fresh water delivery volumes and one-time maintenance costs. The Partnership achieved more than $20 million in annual, overall direct operating cost savings, with roughly half sustainable at current activity levels. Investment income losses were $9 million, related to costs associated with the continued ramp in the EPIC and Delaware Crossing Pipelines.

The Partnership reported fourth-quarter 2020 Net Cash Provided by Operating Activities of $85 million and Adjusted Net EBITDA^1,2 of $95 million. For the year, the Partnership generated $377 million in Net Cash Provided by Operating Activities and $393 million in Adjusted Net EBITDA^1,2, above the midpoint of 2020 updated annual guidance range.

For the fourth-quarter 2020, maintenance capital expenditures and cash interest expense attributable to the Partnership totaled $7 million and $6 million, respectively, leading to $74 million Distributable Cash Flow¹ attributable to the Partnership.

Noble Midstream invested $7 million in fourth-quarter net organic capital expenditures with full year 2020 net capital of $63 million, below the lower end of the updated annual guidance range. Net equity method investments during the quarter totaled $23 million, including $17 million for EPIC Y-Grade and $5 million for EPIC Crude. For the year, net equity investment capital equaled $239 million.

Completion Activity Returned to Both Basins

In the Partnership’s wholly-owned DJ Basin assets, oil and gas gathering volumes averaged 154,000 Boe/d, down 10% sequentially, and produced water volumes averaged 29,000 Bw/d, flat sequentially. Noble Midstream connected 9 affiliate wells and 12 third-party wells in the DJ Basin. Fresh water delivery volumes averaged 89,000 Bw/d, and the Partnership delivered fresh water to 19 affiliate wells in the quarter. DJ Basin net capital expenditures totaled $0.9 million.

Black Diamond oil gathering throughput volumes averaged 66,000 Bo/d, excluding marketing volumes of 19,000 Bbl/d. Black Diamond connected 22 wells across 3 customers, totaling $1.6 million in fourth-quarter net capital expenditures.

In the Delaware Basin, quarterly oil and gas gathering throughput was 66,000 Boe/d, down 8% sequentially, and produced water gathering volumes were 117,000 Bw/d, down 7% from the third quarter. The Partnership connected 8 affiliate wells and had Delaware Basin net capital expenditures of $4.5 million.

Equity Method Investment Pipelines In Service

The Partnership averaged gross throughput of 768,000 Bbl/d (170,000 net) across its intermediate and long-haul transmission systems. Fourth-quarter equity method investment volumes and cash flows decreased sequentially due to an operational closure at the EPIC marine terminal.

Fourth-quarter 2020 Saddlehorn throughput averaged approximately 164,000 Bo/d. The 100,000 Bbl/d expansion has been completed in the first-quarter 2021. Volumes on the Advantage Pipeline system averaged 65,000 Bo/d, sequentially flat compared to the third-quarter 2020. Delaware Crossing averaged 18,000 Bbl/d in gathering and transportation volumes.

Fourth-Quarter Debt Reduction and Quarterly Distribution

As of December 31, 2020, the Partnership had $456 million in liquidity and $1.6 billion in total debt. During the quarter, Noble Midstream reduced its total debt balance by $35 million.

Noble Midstream’s current debt obligation of $500 million matures July 31, 2021. The Partnership is evaluating refinancing options with Chevron to address this obligation.

On January 22, 2021, the Board of Directors of Noble Midstream’s general partner, Noble Midstream GP LLC, declared a fourth-quarter cash distribution of $0.1875 per unit, flat versus third-quarter 2020.

2021 Outlook Highlighted by Growth in Free Cash Flow¹ Generation

Noble Midstream is reinstating oil, gas, and produced water volume guidance and estimates 2021 gross oil and gas gathering and sales volumes of 275,000 to 305,000 Boe/d and produced water volumes of 120,000 to 140,000 Bw/d.

In 2021, Noble Midstream anticipates 250 to 300 affiliate and third-party well connections in the DJ and Delaware basins. The Partnership anticipates 50 to 60 Chevron-affiliate well connections, including 45 to 55 connections in the Mustang Integrated Development Plan Area in the DJ Basin.

Third-party connection activity is anticipated to ramp up in 2021 with more than 175 well connections in the DJ Basin and 10 to 15 connections across multiple operators in the Delaware Basin. The Partnership anticipates connection activity to be first-half weighted in 2021 with more than 30 connections on wholly-owned dedication areas and more than 60 connections on Black Diamond dedication areas in the first-quarter 2021.

Noble Midstream is anticipating 2021 total capital expenditures of $80 to $110 million, including the EPIC Crude marine terminal construction and EPIC Y-Grade raw NGL line to Sweeny, Texas, associated with the BANGL joint venture.

The Partnership anticipates the midpoint of its Net Income Attributable to the Partnership to be $170 million with 2021 Adjusted Net EBITDA^1,2 of $360 to $395 million. At current activity levels, the Partnership estimates a range of $185 to $220 million in Free Cash Flow¹ generation in 2021.

Net Debt to TTM Adjusted Net EBITDA¹ expectations are anticipated to be 3.6x to 4.0x.

Noble Midstream Receives Non-Binding Chevron Offer to Acquire Outstanding LP Units

On February 5, 2021, Noble Midstream Partners received a non-binding proposal (the “Proposal”) from Chevron Corporation (“Chevron”) to acquire all of the publicly held common units representing limited partner interests in the Partnership not already owned by Chevron and its affiliates.

The Board of Directors of Noble Midstream GP LLC (the “General Partner”), the General Partner of Noble Midstream, has delegated authority to its conflicts committee to negotiate the terms of the proposed transaction on behalf of the unaffiliated Noble Midstream unitholders, as is customary in similar transactions. The Proposal is subject to the negotiation and execution of a definitive agreement, as well as approval by the Board of Directors of the General Partner. There is no assurance that any such approvals will be forthcoming, that such definitive agreement will be executed, or that any transaction will be consummated.

Conference Call

Noble Midstream will host a webcast and conference call today at 9:00 a.m. Central Time to discuss fourth quarter and full year 2020 financial and operational results as well as 2021 guidance. The live audio webcast and related presentation material is accessible on the ‘Investors’ page of the Partnership’s website at www.nblmidstream.com. Conference call numbers for participation are 877-883-0383, or 412-902-6506 for international calls. The passcode number is 8383676. A replay of the conference call will be available at the same web location following the event.

¹ Adjusted Net EBITDA, Free Cash Flow (FCF), Distributable Cash Flow (DCF), Distribution Coverage Ratio and Net Debt to TTM Adjusted Net EBITDA are not Generally Accepted Accounting Principles (GAAP) measures. Definitions and reconciliations of these Non-GAAP measures to their most directly comparable GAAP reporting measures appear in Schedule 4 attached hereto.

Noble Midstream does not provide guidance on the items used to reconcile between forecasted Adjusted Net EBITDA, FCF, DCF, Net Debt to TTM Adjusted Net EBITDA or Distribution Coverage Ratio and Net Cash Provided by Operating Activities due to the uncertainty regarding timing and estimates of certain of such items. Noble Midstream provides a range of such Non-GAAP financial measures to allow for the variability in timing and uncertainty of estimates of such reconciling items. Therefore, Noble Midstream cannot reconcile forecasted Adjusted Net EBITDA, FCF, DCF, Net Debt to TTM Adjusted Net EBITDA or Distribution Coverage Ratio to Net Cash Provided by Operating Activities without unreasonable effort. See Schedule 4 for further information.

² “Net” is equivalent to “attributable to the Partnership”.

About Noble Midstream

Noble Midstream is a master limited partnership originally formed by Noble Energy, Inc., and majority-owned by Chevron Corporation to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services and owns equity interests in oil pipelines in the DJ Basin in Colorado and the Delaware Basin in Texas. Noble Midstream strives to be the midstream provider and partner of choice for its safe operations, reliability, and strong relationships while enhancing value for all stakeholders. For more information, please visit www.nblmidstream.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the federal securities laws. Words such as “estimate,” “anticipate,” “believe,” “project,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “on schedule,” “on track,” “strategy” and other similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect Noble Midstream Partners LP’s (“Noble Midstream,” “we,” or “our”) current views about future events. Our forward-looking statements may include statements about our business strategy, our industry, our future profitability, our expected capital expenditures and the impact of such expenditures on our performance, the costs of being a publicly traded partnership and our capital programs. In addition, our forward-looking statements address the various risks and uncertainties associated with the extraordinary market environment and impacts resulting from the COVID-19 pandemic and the actions of foreign oil producers (most notably Saudi Arabia and Russia) to maintain market share and impact commodity pricing and the expected impact on our business, operations, earnings and results. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Noble Midstream does not assume any obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.

Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to certain risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, that could cause actual results to differ materially from those projected. These risks include, without limitation, changes in general economic conditions, including without limitation the impacts of the COVID-19 pandemic; our customers’ ability to meet their drilling and development plans; competitive conditions in the Partnership’s industry; actions taken by third-party operators, gatherers, processors and transporters; the demand for crude oil and natural gas gathering and processing services; our ability to successfully implement our business plan; our ability to complete internal growth projects on time and on budget; the ability of third parties to complete construction of pipelines in which Noble Midstream holds equity interests on time and on budget; the price and availability of debt and equity; the availability and price of crude oil and natural gas to the consumer compared to the price of alternative and competing fuels; risks associated with the change in ownership of our General Partner; and other risks inherent in the Partnership’s business, including those described under “Risk Factors” and “Disclosure Regarding Forward-Looking Statements” in Noble Midstream’s 2019 Annual Report on Form 10-K and in subsequent reports that we file with the U.S. Securities and Exchange Commission (SEC).

Non-GAAP Financial Measures

This news release also contains certain non-GAAP measures of financial performance that management believes are good tools for internal use and the investment community in evaluating Noble Midstream’s overall financial performance. Please see the attached schedules for reconciliations of the non-GAAP financial measures used in this news release to the most directly comparable GAAP financial measures and for the reasons why management believes non-GAAP measures provide useful information to investors.

No Offer or Solicitation

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information and Where You Can Find It

In connection with the proposal that Chevron made for a business combination transaction with Noble Midstream, subject to further developments and if a transaction is agreed, Chevron and Noble Midstream may file one or more registration statements, information statements, consent solicitation statements, proxy statements, prospectuses, or other documents with the SEC. INVESTORS AND SECURITY HOLDERS OF CHEVRON AND NOBLE MIDSTREAM ARE ADVISED TO CAREFULLY READ ANY REGISTRATION STATEMENT, INFORMATION STATEMENT, CONSENT SOLICITATION STATEMENT, PROXY STATEMENT, PROSPECTUS, OR OTHER DOCUMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION, THE PARTIES TO THE TRANSACTION AND THE RISKS ASSOCIATED WITH THE TRANSACTION. Any definitive information statement, consent solicitation statement, or proxy statement, if any when available, will be sent to security holders of Noble Midstream in connection with any solicitation of proxies or consents of Noble Midstream unitholders relating to the proposed transaction. Investors and security holders may obtain a free copy of such documents and other relevant documents (if and when available) filed by Chevron or Noble Midstream with the SEC from the SEC’s website at www.sec.gov. Security holders and other interested parties will also be able to obtain, without charge, a copy of such documents and other relevant documents (if and when available) from Chevron’s website at www.chevron.com under the “Investors” tab under the heading “SEC Filings” or from Noble Midstream’s website at www.nblmidstream.com under the “Investors” tab and the “SEC Filings” sub-tab.

Participants in the Solicitation

Chevron, Noble Midstream and their respective directors, executive officers and certain other members of management may be deemed to be participants in the solicitation of proxies and consents in respect of the transaction. Information about these persons is set forth in Chevron’s proxy statement relating to its 2020 Annual Meeting of Stockholders, which was filed with the SEC on April 7, 2020, and Noble Midstream’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with the SEC on February 12, 2020, and subsequent statements of changes in beneficial ownership on file with the SEC. Security holders and investors may obtain additional information regarding the interests of such persons, which may be different than those of the respective companies’ security holders generally, by reading the consent solicitation statement prospectus statement, or other relevant documents regarding the transaction (if and when available), which may be filed with the SEC.

Park Carrere
General Manager, Investor Relations
(281) 872-3208
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HOUSTON--(BUSINESS WIRE)--Due to strong demand, recent short-term raw material disruptions, and to prepare for a planned maintenance turnaround at its Bay City, Texas production site, OQ Chemicals will implement a global sales control program for all grades of n‑Heptanoic Acid, n‑Pelargonic Acid, n‑Heptanal, n‑Nonanal, and n‑Undecanal.

OQ Chemicals will be evaluating all orders for the future supply of the products listed above to ensure that the company can maintain the reliability of supply for its long-term customers per contractual and other ongoing commitments.

The global sales control program will be effective immediately until further notice. Customers should contact their OQ Chemicals sales representative for more details.

About OQ Chemicals
OQ Chemicals (formerly Oxea) is a global manufacturer of oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products are used for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavours and fragrances, printing inks and plastics. OQ Chemicals employs more than 1,400 people worldwide and is part of OQ, an integrated energy company with roots in Oman. OQ emerged in 2019 upon the successful integration of nine legacy companies. Operating in 13 countries, OQ covers the entire value chain in the hydrocarbon sector from exploration and production through to marketing and distribution of its products. OQ sells its fuels and chemicals in over 60 countries worldwide. For more information about OQ Chemicals, visit chemicals.oq.com.

Commercial contact
OQ Chemicals Corporation, 15375 Memorial Drive, Houston, TX 77079, USA
Kyle Hendrix, Marketing - Acids
Phone: +1 346-378-7300, This email address is being protected from spambots. You need JavaScript enabled to view it.

Media contact
OQ Chemicals GmbH, Rheinpromenade 4a, 40789 Monheim am Rhein, Germany
Thorsten Ostermann, Communications and Press Relations
Phone: +49 (0)2173 9993-3009, This email address is being protected from spambots. You need JavaScript enabled to view it.

AMSTERDAM--(BUSINESS WIRE)--EVBox Group, a leading provider of smart charging solutions for electric vehicles (“EV”), today announced that the Company will participate in the following investor conferences in February:

• Barclays Industrial Select Conference on February 16;
• BTIG Energy Transition EV Day on February 23; and
• Wolfe Research Global Auto, Auto Tech and Mobility Conference on February 25.

In December 2020, TPG Pace Beneficial Finance Corp. (NYSE: TPGY.U, TPGY, TPGY WS), a publicly traded special purpose acquisition company (“SPAC”) formed by TPG, entered into an agreement with ENGIE New Business S.A.S., a wholly owned subsidiary of Engie, to acquire its subsidiary EV Charged B.V. (the “Company,” “EVBox” or “EVBox Group”) for a combination of cash and equity. The transaction will result in EVBox becoming a public company with its common shares and warrants trading on the New York Stock Exchange (“NYSE”) under the ticker symbols “EVB” and “EVB WS.”

Additional information can be found at https://news.evbox.com/en-US/193985-evbox-group-to-become-public-company-via-business-combination-with-tpg-pace-beneficial-finance

About EVBox Group

Founded in 2010, EVBox Group empowers forward-thinking businesses to build a sustainable future by providing flexible and scalable electric vehicle charging solutions. With its extensive portfolio of commercial and ultra-fast EVBox charging stations, as well as scalable charging management software engineered by Everon, EVBox Group ensures that electric mobility is accessible to everyone.

EVBox Group is a leader in R&D, with facilities across Europe and North America developing groundbreaking electric vehicle charging technology. With offices across the globe, including Amsterdam, Bordeaux, Munich, and Chicago, and strong foundations in dozens of markets, EVBox Group is working to shape a sustainable future of transportation.

In 2021, EVBox Group will become a public company listed on the New York Stock Exchange via a business combination with TPG Pace Beneficial Finance (NYSE: TPGY) and initial investors BlackRock, Inclusive Capital, Neuberger Berman Funds, and Wellington Management.

About TPG Pace Group and TPG Pace Beneficial Finance

TPG Pace Group is TPG’s dedicated permanent capital platform. TPG Pace Group has a long-term, patient, and highly flexible investor base, allowing it to seek compelling opportunities that will thrive in the public markets. TPG Pace Group has sponsored five special purpose acquisition companies (“SPACs”) and raised more than $3 billion since 2015.

TPG Pace Beneficial Finance raised $350 million in its October 2020 IPO in order to seek a business combination target that combines attractive business fundamentals with, or with the potential for strong environmental, social and governance (“ESG”) principles and practices. For more information, visit https://www.tpg.com/pace-beneficial-finance.

Investor Contact:
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Media Contacts:
EVBox
Job Karstens
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+31 (0)6 22 26 55 25

Madeline Vidak
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+31 (0)6 30 71 06 93

TPG/TPG Pace
Luke Barrett
(415) 743-1550
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Tom Johnson/Sheila Ennis
Abernathy MacGregor
(917) 747-6990/(510) 604-8027
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DUBLIN--(BUSINESS WIRE)--The "Tanker Trucks Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to ResearchAndMarkets.com's offering.

The tanker trucks market worldwide is expected to reach US$ 1.63 Bn by 2028, growing at a CAGR of 5.2% from 2020 to 2028.

The global tanker trucks market is expected to witness significant growth with increasing economic activities globally, increasing production and trade of oil and gas and chemical products are expected to drive the demand for tanker trucks market globally.

Mandatory regulations related to loading and unloading of dangerous products such as petroleum, chemical, and other and periodic quality testing of tankers transporting dangerous products are expected to drive the demand for tanker trucks globally. In addition, the steadily recovering construction industry is also expected to support the growth of the tanker trucks market globally.

On the basis of capacity, the tanker trucks market is classified into low-duty tanker trucks, medium-duty tanker trucks, and heavy-duty tanker trucks. In the Medium-duty tanker trucks segment, we have considered tankers with a capacity between 1,000 gallons to 4,000 gallons. This type of tanker can either be operated as truck/trailer packages or as frame-carried. Medium duty truck tankers are used for the transportation of gas, fuel, and water.

Medium duty trucks are accounted for the largest revenue as well as volume share compared to other types of truck categories by capacity and commonly used in oil and gas, chemical, and construction industries for transportation. The segment is also expected to witness the fastest growth with the increasing outlook of the oil and gas and construction industry.

The research study on the tanker tanks market identifies key market drivers, restraints, and opportunities in the global market. The report highlights current and future market trends in the global, regional, and country-specific tanker trucks market. The study also includes an exhaustive analysis of demand-supply, technology development, and pricing trends. High-level analysis such as an attractive proposition, competitive analysis, value chain and market attractive analysis included in the report helps industry players to identify key investment areas in this industry.

The global tanker trucks market comprises a large number of multinational players. The report includes profiles of major players in the global tanker trucks industry. Each profile includes detailed information about business overview, product portfolio related to tanker trucks, major competitors, recent developments strategies and financials of the company for last three years. The report also includes detailed information regional positioning of these manufacturers.

The report also provides highlights degree of competition and market winning strategies adopted by the key players to strengthen their market position in the global tanker trucks market.

Some major players profiled in the global tanker truck market include Ford Motor Company, Polar Tank Trailer, LLC, Seneca Tank, Tremcar, Volvo Group, MAN Truck & Bus AG (Volkswagen), Mercedes (Daimler), Iveco, Hyundai Motor Company, Kenworth, Tata Motors Limited, Scania AB (Volkswagen), Freightliner Trucks (Daimler), Navistar International Corporation and others.

Key Topics Covered:

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Tanker Trucks Market

2.2 Global Tanker Trucks Market, By Type

2.3 Global Tanker Trucks Market, By Capacity

2.4 Global Tanker Trucks Market, By Geography

Chapter 3 Market Dynamics

3.1 Product Insights and Market Overview

3.1.1 Global Tanker Trucks Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)

3.2 Key Market Trends and Future Outlook

3.3 Market Drivers

3.4 Market Growth Inhibitors

3.4.1 Impact Analysis of Drivers and Restraints

3.5 Attractive Investment Proposition

3.6 Competitive Analysis

3.6.1 Market Positioning of Key Vendors

3.6.2 Key Strategies adopted by the Leading Players

Chapter 4 Global Tanker Trucks Market Analysis, by Type

4.1 Market Analysis

4.2 Bulk Feed Tank Trucks

4.3 Coded Tank Truck

4.4 Water Tank Truck

4.5 Sewer Jetters

4.6 Others

Chapter 5 Global Tanker Trucks Market Analysis, by Capacity

5.1 Market Analysis

5.2 Small Duty (Less than 1,000 gallons)

5.3 Medium Duty (Between 1,000 gallons and 4,000 gallons)

5.3 Large Duty (More than 4,000 gallons)

Chapter 6 North America Tanker Trucks Market Analysis

Chapter 7 Europe Tanker Trucks Market Analysis

Chapter 8 Asia Pacific Tanker Trucks Market Analysis

Chapter 9 Rest of the World (RoW) Tanker Trucks Market Analysis

Chapter 10 Company Profiles

10.1 Ford Motor Company

10.2 Polar Tank Trailer, LLC

10.3 Seneca Tank

10.4 Tremcar

10.5 Volvo Group

10.6 MAN Truck & Bus AG (Volkswagen)

10.7 Mercedes (Daimler)

10.8 Iveco

10.9 Hyundai Motor Company

10.10 Kenworth

10.11 Tata Motors Limited

10.12 Scania AB (Volkswagen)

10.13 Navistar International Corporation

10.14 Freightliner Trucks (Daimler)

For more information about this report visit https://www.researchandmarkets.com/r/du9ayr

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that several leaders were appointed to new key roles, effective March 1. These appointments are consistent with the company’s approach to leadership development and succession planning to ensure the company is best positioned for continued growth and success.

“The world is rapidly changing and we need strong leaders who excel at both strategy and execution to ensure our company, employees and communities can continue to thrive,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “I am confident this group of leaders will help successfully guide us. Their experiences, unique skills and consistent demonstration of our core values and leadership culture make each of them well-suited to contribute significantly to the future of our company.”

Mahesh Narang is being named Vice President & President– Components Segment. Narang brings significant experience to this position, having led two of the Components business units - Cummins Emission Solutions and Cummins Turbo Technologies. Narang has worked at Cummins for almost 20 years in a variety of global roles. He has been a member of the Components leadership team since 2015 and has been integral to its success, focused on maximizing future growth opportunities. Narang is known for his highly analytical, strategic and decisive approach and for his capabilities to lead and develop others.

Cary Chenanda is being named Vice President – Cummins Emission Solutions. Chenanda has worked at Cummins for over 20 years with deep experience in the Components Segment and in leading a global business and developing talent. Chenanda previously established and led Cummins Electronics and in 2017, he oversaw the unification of the Cummins Electronics and Cummins Fuel System Businesses into one combined business. Under his leadership, Cummins Electronics and Fuel Systems has achieved record financial results while simultaneously improving quality.

Marina Savelli is being appointed Vice President – Cummins Electronics and Fuel Systems. Savelli has been with Cummins for 27 years and has worked in many parts of the company. She is known as a terrific leader and over the course of her career, she has gained a deep and broad understanding of our employees, customers and business. Savelli has held various global finance and business leadership roles in Cummins Filtration, roles in purchasing and for the off-highway business in Cummins Emissions Solutions, and has led the Global Market Insights Group. Most recently, Savelli served on the Distribution Business Segment leadership team as Executive Director – Sales and Service.

Mark Osowick is being appointed Vice President – Human Resources. Osowick has been with Cummins for almost 25 years and has led Human Resources Operations since 2014. Osowick has consistently demonstrated commitment to the Company and its employees and he has been engaged in some of the most significant changes Cummins has made, including restructures, acquisitions and repositioning for growth and transformations.

John Brockhaus is being named Vice President – Human Resources Operations. Brockhaus has been in the HR organization since joining Cummins in 1997 and has worked in almost every part of the function. He has been deeply involved in initiatives focused on enabling employees to achieve their full potential and how employees experience working at Cummins. Brockhaus is well-regarded as an authentic and approachable leader and a trusted partner for employees and the business.

Cathy Buening-Griffin is being named Vice President – Business Transformation. Buening-Griffin has been with Cummins for 30 years. She has a history of solving complex problems has deep experience across different businesses and functions and working across global boundaries. Buening-Griffin most recently served as Vice President – Program leadership, Global VI as a member of the Components leadership team, delivering both the NSVI and BSVI platforms for China and India in 2019 and early 2020.

About Cummins Inc.

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

Jon Mills
Cummins Inc.
Phone: 317-658-4540
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Oman Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

Oman Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Oman. The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines and gas processing plants in Oman till 2025. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's midstream sector, wherever available.

Scope

• Updated information related to all active, planned and announced LNG terminals, oil storage terminals, trunk pipelines and gas processing plants in the country, including operator and equity details
• Key mergers and acquisitions and asset transactions in the country's midstream oil and gas industry, where available
• Latest developments, financial deals and awarded contracts related to midstream oil and gas industry in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's midstream oil and gas industry
• Facilitate decision making on the basis of strong historical and outlook of capacity/length data
• Assess your competitor's major LNG terminals, oil storage terminals and major trunk pipelines in the country
• Analyze the latest developments, financial deals and awarded contracts related to the country's midstream oil and gas industry

Key Topics Covered:

1. Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Introduction

2.1. What is This Report About?

2.2. Market Definition

3. Oman LNG Industry

3.1. Oman LNG Industry, Liquefaction

3.1.1. Oman LNG Industry, Liquefaction, Key Data

3.2. Oman LNG Industry, Liquefaction, Overview

3.2.1. Oman LNG Industry, Total Liquefaction Capacity

3.3. Oman LNG Industry, Liquefaction, Capacity by Major Companies

3.4. Oman LNG Industry, Liquefaction, Capacity by Terminal

3.5. Oman LNG Industry, Liquefaction Asset Details

3.5.1. Oman LNG Industry, Liquefaction Active Asset Details

4. Oman Oil Storage Industry

4.1. Oman Oil Storage Industry, Key Data

4.2. Oman Oil Storage Industry, Overview

4.3. Oman Oil Storage Industry, Storage Operations

4.3.1. Oman Oil Storage Industry, Total Storage Capacity

4.4. Oman Oil Storage Industry, Storage Capacity Share by Area

4.5. Oman Oil Storage Industry, Storage Capacity by Major Companies

4.6. Oman Oil Storage Industry, Storage Capacity by Terminal

4.7. Oman Oil Storage Industry, Asset Details

4.7.1. Oman Oil Storage Industry, Active Asset Details

4.7.2. Oman Oil Storage Industry, Planned Asset Details

5. Oman Oil and Gas Pipelines Industry

5.1. Oman Oil Pipelines

5.1.1. Oman Oil Pipelines, Key Data

5.2. Oman Oil Pipelines, Overview

5.3. Oman Oil and Gas Pipeline Industry, Crude Oil Pipeline Length by Major Companies

5.4. Oman Oil and Gas Pipeline Industry, Crude Oil Pipelines

5.5. Oman Oil and Gas Pipeline Industry, Petroleum Products Pipeline Length by Major Companies

5.6. Oman Oil and Gas Pipeline Industry, Petroleum Products Pipelines

5.7. Oman Oil and Gas Pipeline Industry, NGL Pipeline Length by Company

5.8. Oman Oil and Gas Pipeline Industry, NGL Pipelines

5.9. Oman Oil and Gas Pipelines Industry, Oil Pipelines Asset Details

5.9.1. Oman Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details

5.9.2. Oman Oil and Gas Pipelines Industry, Oil Pipelines Planned Asset Details

5.10. Oman Gas Pipelines

5.10.1. Oman Gas Pipelines, Key Data

5.11. Oman Gas Pipelines, Overview

5.12. Oman Oil and Gas Pipeline Industry, Natural Gas Pipeline Length by Major Companies

5.13. Oman Oil and Gas Pipeline Industry, Natural Gas Pipelines

5.14. Oman Oil and Gas Pipelines Industry, Gas Pipelines Asset Details

5.14.1. Oman Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details

5.14.2. Oman Oil and Gas Pipelines Industry, Gas Pipelines Planned Asset Details

6. Oman Gas Processing Industry

6.1. Oman Gas Processing Industry, Key Data

6.2. Oman Gas Processing Industry, Overview

6.3. Oman Gas Processing Industry, Processing Plant Number by Facility Type

6.4. Oman Gas Processing Industry, Gas Processing Capacity by Major Companies

6.5. Oman Gas Processing Industry, Capacity Contribution of Various Provinces

6.6. Oman Gas Processing Industry, Active Gas Processing Capacity

6.7. Oman Gas Processing Industry, Planned Gas Processing Capacity

6.8. Oman Gas Processing Industry, Asset Details

6.8.1. Oman Gas Processing Industry, Active Asset Details

6.8.2. Oman Gas Processing Industry, Planned Asset Details

7. Recent Contracts

7.1. Detailed Contract Summary

7.1.1. Awarded Contracts

8. Financial Deals Landscape

8.1. Detailed Deal Summary

8.1.1. Acquisition

8.1.2. Venture Financing

8.1.3. Equity Offerings

8.1.4. Debt Offerings

8.1.5. Partnerships

8.1.6. Asset Transactions

9. Recent Developments

9.1. Other Significant Developments

9.2. New Contracts Announcements

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ct3cd1

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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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Jackie Sheppard, Chair of Emera Inc. (TSX: EMA) announces the appointment of Karen Sheriff to Emera’s Board of Directors, effective today.

“On behalf of the Board, I am excited to welcome Karen to the Emera Team,” says Sheppard. “Karen is an accomplished senior executive with deep experience in driving innovation, growth and corporate strategy which are increasingly valuable skills in the rapidly changing energy sector.”

Over the past three decades, Ms. Sheriff has held senior positions in both publicly traded and private companies in Canada and the U.S. She also brings extensive, cross-industry leadership experience in regulated environments to Emera’s Board.

Most recently, Ms. Sheriff served as President and Chief Executive Officer of Q9 Networks Inc., a Canadian data centre company where she drove a rapid business turnaround and sale of the company. From 2008 to 2014, Ms. Sheriff served as President and Chief Executive Officer of Bell Aliant, Inc. During this time, she transformed the strategic direction of the business, delivering significant shareholder value, and led the development and implementation of Canada’s first fibre to the home, high-speed home internet network.

Ms. Sheriff is an established corporate director with a demonstrated commitment to strong corporate governance. She has served on the Boards of BCE and Bell Canada since 2017 and CPP Investments since 2012. She is also a past Director of WestJet Airlines.

Ms. Sheriff was named one of Atlantic Canada’s Top 50 CEOs by Atlantic Business Magazine and one of Canada’s Top 100 Most Powerful Women on multiple occasions. She holds a master’s degree in business administration, with concentrations in marketing and finance, from the University of Chicago. Ms. Sheriff is a Canadian resident and a citizen of both Canada and the U.S. She splits her time between Toronto and Arizona.

About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Dina Seely
This email address is being protected from spambots. You need JavaScript enabled to view it.
902-478-0080

DUBLIN--(BUSINESS WIRE)--The "Wind Automation - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 112-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wind Automation Market to Reach $4.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Wind Automation estimated at US$3.4 Billion in the year 2020, is projected to reach a revised size of US$4.7 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.

Supervisory Control and Data Acquisition (SCADA), one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Programmable Logic Controller (PLC) segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 4.5% CAGR

The Wind Automation market in the U.S. is estimated at US$1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$834.3 Million by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Distributed Control System (DCS) Segment to Record 5.5% CAGR

In the global Distributed Control System (DCS) segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$656.5 Million in the year 2020 will reach a projected size of US$957.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$541.8 Million by the year 2027.

Competitors identified in this market include, among others:

• ABB Group
• Bachmann electronic GmbH
• Bonfiglioli Riduttori SpA
• Emerson Electric Company
• General Electric Company
• Honeywell International, Inc.
• Mitsubishi Electric Corporation
• Omron Corporation
• Regal Beloit Corporation
• Rockwell Automation, Inc.
• Schneider Electric SA
• Siemens AG
• Vestas Wind Systems A/S
• Yokogawa Electric Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Wind Automation Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/3a24f0

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

DUBLIN--(BUSINESS WIRE)--The "Small Hydropower - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 105-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Small Hydropower Market to Reach 140.4 Thousand MW by 2027

Amid the COVID-19 crisis, the global market for Small Hydropower estimated at 118 Thousand MW in the year 2020, is projected to reach a revised size of 140.4 Thousand MW by 2027, growing at a CAGR of 2.5% over the period 2020-2027.

The U.S. Market is Estimated at 34.7 Thousand MW, While China is Forecast to Grow at 2.1% CAGR

The Small Hydropower market in the U.S. is estimated at 34.7 Thousand MW in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 24.5 Thousand MW by the year 2027 trailing a CAGR of 2.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Competitors identified in this market include, among others:

• African Infrastructure Investment Managers
• Agder Energi
• Alstom SA
• ANDRITZ AG
• Artelia
• BC Hydro
• Electricidade de Mocambique (EDM) (Mozambique)
• Eskom Holdings SOC Ltd.
• Fortum Corporation
• Lesotho Electricity Company (Pty) Ltd. (Lesotho)
• Mecamidi
• Ontario Power Generation, Inc.
• Practical Action
• RusHydro
• Siemens AG
• Statkraft AS
• Voith GmbH
• ZESCO Ltd. (Zambia)

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Small Hydropower Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/7bj2uo

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Proxy vote represents latest milestone in approval process

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading clean energy company, marked an important milestone in its proposed PNM Resources, Inc. (NYSE: PNM) merger as PNM Resources’ shareholders voted [overwhelmingly] in favor of the transaction.

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

“Approval by PNM’s shareholders is an important step toward realizing this strategic transaction. Our two companies share the same values and we are passionate about our customers, employees, and the communities we serve,” said Dennis V. Arriola, CEO of AVANGRID.

The approval follows recent regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) and the expiration of the waiting period under the Hart Scott Rodino Antitrust Improvements Act.

The company continues to pursue state and Federal regulatory approvals for the merger, including approvals from the Federal Energy Regulatory Commission, the Federal Communications Commission, and the Nuclear Regulatory Commission, as well as the New Mexico Public Regulation Commission and the Public Utility Commission of Texas.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading sustainable energy company with approximately $36 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.

Forward-Looking Statements

Certain statements made in this press release for AVANGRID that relate to future events or expectations, developments, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. All statements contained in this Press Release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as “may,” “will,” “would,” “can,” “expect(s),” “intend(s),” “anticipate(s),” “estimate(s),” “believe(s),” “future,” “could,” “should,” “plan(s),” “aim(s),” “assume(s)”, “project(s)”, “target(s)”), “forecast(s)”, “seek(s)” and or the negative of such terms or other variations on such terms, comparable terminology or similar expressions. These forward-looking statements generally include statements regarding the potential transaction between AVANGRID and PNM Resources, including any statements regarding the expected timetable for completing the potential merger, the ability to complete the potential merger, the expected benefits of the potential merger, projected financial information, future opportunities, and any other statements regarding AVANGRID’s and PNM Resources’ future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current reasonable beliefs, expectations and assumptions. AVANGRID assumes no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, AVANGRID cautions readers not to place undue reliance on these statements.

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

Media:
Athena Hernandez, 203-231-2146 or This email address is being protected from spambots. You need JavaScript enabled to view it.

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

DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Rotor Blades - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 6th edition of this report. The 276-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wind Turbine Rotor Blades Market to Reach $31 Billion by 2027

Amid the COVID-19 crisis, the global market for Wind Turbine Rotor Blades estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$31 Billion by 2027, growing at a CAGR of 15.8% over the analysis period 2020-2027.

Below 45 Meters, one of the segments analyzed in the report, is projected to record a 12.7% CAGR and reach US$3.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 45-60 Meters segment is readjusted to a revised 14.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 19.8% CAGR

The Wind Turbine Rotor Blades market in the U.S. is estimated at US$3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 19.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.

Above 60 Meters Segment to Record 19.8% CAGR

In the global Above 60 Meters segment, USA, Canada, Japan, China and Europe will drive the 19.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$6.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.5 Billion by the year 2027, while Latin America will expand at a 21.1% CAGR through the analysis period.

Competitors identified in this market include, among others:

• China National Building Material Co., Ltd.
• Enercon GmbH
• GE Renewable Energy
• Lm Wind Power
• Mfg Wind
• Nordex SE
• Senvion SA
• Siemens AG
• Sinoma Wind Power Blade Co., Ltd.
• Tecsis - Tecnologia e Sistemas Avancados S/A
• Tpi Composites, Inc.
• Vestas Wind Systems A/S

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Wind Turbine Rotor Blade Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/8wvgqv

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900

OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) announced that the board of directors of its general partner declared today a quarterly cash distribution of $0.16525 per unit on all outstanding common units for the quarter ended Dec. 31, 2020. The distribution is unchanged from the previous quarter. The quarterly cash distribution of $0.16525 per unit on all outstanding common units will be paid March 1, 2021, to unitholders of record at the close of business Feb. 22, 2021.

Enable also announced today that the board declared a quarterly cash distribution of $0.625 per unit on all Series A Preferred Units for the quarter ended Dec. 31, 2020. The quarterly cash distribution of $0.625 on all Series A Preferred Units outstanding will be paid Feb. 12, 2021, to unitholders of record at the close of business Feb. 12, 2021.

ABOUT ENABLE MIDSTREAM PARTNERS

Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit https://enablemidstream.com.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of Enable’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enable’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Brokers and nominees, and not Enable, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Media
Leigh Ann Williams
(405) 553-6947

Investor
Matt Beasley
(405) 558-4600

• The pilot installation will convert waste heat from a gas turbine into emissions-free power using supercritical carbon dioxide (sCO₂)

• Enough electricity will be produced to power 10,000+ homes, resulting in an estimated reduction in 44,000 tons per year in greenhouse gas emissions

HOUSTON--(BUSINESS WIRE)--#cyberdefense--Siemens Energy has signed an agreement with Canada-based TC Energy Corporation (TC Energy) to commission a novel waste heat-to-power pilot installation in Alberta. The facility will capture waste heat from a gas-fired turbine operating at a pipeline compression station and convert it into emissions-free power. The electricity produced will be put back into the grid– resulting in estimated greenhouse gas reductions of 44,000 tons per year, equivalent to taking more than 9,000 vehicles off the road.

As part of the agreement with TC Energy, Siemens Energy will build, own, and operate the facility, with the option for ownership to be transferred back to TC Energy at a later date.

At the heart of the facility will be an innovative heat recovery process designed by Siemens Energy. The patented technology, licensed under Echogen® Intellectual Property, is based on an advanced Rankine Cycle and uses supercritical carbon dioxide (sCO₂) as the working fluid to convert waste heat into power. Because of its properties, sCO₂ can interact more directly with the heat source than water/steam, eliminating the need for a secondary thermal loop, typically required in traditional waste heat recovery systems.

By deploying sCO₂-based waste heat recovery solutions, midstream operators can realize greater value than traditional alternatives based on Organic Rankine or steam cycles. Benefits include a 25 – 40 percent smaller footprint than steam-based systems, a 10 percent increase in compressor station efficiency, and the capability to produce clean, emissions-free electricity. Moreover, because the working fluid is contained within a closed-loop system, no boiler operator is required, making the system suitable for remote operation.

“This pilot project is a testament not only to our extensive capabilities but also to Siemens Energy’s broader commitment to bring new technologies to market that can support decarbonization in the oil and gas industry,” said Arja Talakar, Senior Vice President, Industrial Applications Products for Siemens Energy. “We are proud to partner with TC Energy to build this first-of-its-kind facility and look forward to scaling the technology to other installations in the coming years.”

The pilot project is supported by $8 million in funding from Emissions Reduction Alberta’s (ERA) Industrial Efficiency Challenge. For more than 10 years, ERA has been investing the revenues from the carbon price paid by large final emitters to accelerate the development and adoption of innovative clean technology solutions. Since ERA was established in 2009, they have committed $616 million toward 186 projects worth $4.55 billion that are helping to reduce GHGs, create competitive industries, and are leading to new business opportunities in Alberta. These projects are estimated to deliver cumulative reductions of 35 million tonnes of CO₂e by 2030.

The new facility is expected to be commissioned toward the end of 2022 and could generate enough electricity to power more than 10,000 homes.

“The agreement with Siemens Energy on this initiative exemplifies TC Energy's long history of embracing innovation and leading-edge technology in its operations,” says Corey Hessen, Senior Vice-President, and President, Power & Storage, TC Energy. “We are committed to integrating sustainable energy solutions that reduce greenhouse gas (GHG) emissions across our footprint and look forward to having this operational at one of our compressor stations.”

TC Energy is currently evaluating other compressor station sites to deploy the technology, with the potential to generate 300 megawatts of emissions-free power.

About sCO₂

The sCO₂ is stable, non-toxic, non-flammable, and exhibits favorable thermal-physical properties, including high latent heat and energy density, along with fluid stability. The compact, modular system can achieve high efficiencies over a wide temperature range. It can be easily retrofitted with a wide variety of heat sources without disrupting existing plant operations. Additionally, the system does not require water, making it particularly advantageous for facilities in arid zones or regions subject to sub-freezing temperatures.

This press release and a press picture are available at www.siemens-energy.com/press

For further information on power from waste heat, please see http://bit.ly/2Ymg6bM

Follow us on Twitter at: www.twitter.com/siemens_energy

Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020. www.siemens-energy.com.

Contact for journalists
Janet Ofano
Phone: +1 803-389-6753
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Stacia Licona
Phone: +1 281-721-3402
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IWATA, Japan--(BUSINESS WIRE)--#marine--Yamaha Motor Co., Ltd. (TOKYO:7272) announces consolidated business results for the full fiscal year. Net sales were 1,471.3 billion yen (a decrease of 193.5 billion yen, or 11.6% compared with the previous fiscal year). Operating income was 81.7 billion yen (a decrease of 33.7 billion yen, or 29.2%), ordinary income was 87.7 billion yen (a decrease of 31.8 billion yen, or 26.6%), and net income attributable to owners of parent was 53.1 billion yen (a decrease of 22.7 billion yen, or 29.9%) . We were able to partly recover from the negative effects of the COVID-19 pandemic in the first half with net sales results in the fourth quarter (October -December) at 404.2 billion yen (an increase of 6.7 billion yen, or 1.7% on the same period over the previous fiscal year), and operating income was 25.3 billion yen (an increase of 9.9 billion yen, or 64.5%). For the fiscal year, the U.S. dollar was traded at 107 yen (an appreciation of 2 yen against the previous fiscal year), and the euro at 122 yen (no change from the previous term).

For net sales, although sales increases in the Robotics and Financial Services Businesses were achieved, the Motorcycles and Marine Products Businesses within the Land Mobility Business saw decreases in sales volumes due to the effects from the COVID-19 pandemic, which resulted in a decline in sales overall. Operating income declined overall due to factors such as the impact of foreign exchange rates and decreases in operation rates due to the temporary closures of factory operations in each country.

Forecast of Consolidated Business Results for the next fiscal year ending December 31, 2021

About Yamaha Motor Co., Ltd.

Yamaha Motor (TOKYO: 7272) is a world-leading enterprise manufacturing land-mobility such as motorcycles, all-terrain vehicles, and electrically power assisted bicycles, marine products such as boats and outboard motors, robotics products such as surface mounters and drones, as well as engagement in the finance business. The company’s diverse businesses and wide variety of products are built around its proprietary technologies focused on powertrain, chassis and hull, electronic control, and manufacturing technologies. Yamaha Motor operates global development, production and sales networks through 140 subsidiaries and equity-method affiliates in 30 countries and regions, working to realize our Corporate Mission of being a “Kando* Creating Company.” About 90% of consolidated net sales are generated in more than 180 countries and regions outside of Japan. Please visit http://global.yamaha-motor.com.

Naoto Horie
Corporate Communication Division
Global PR Team
Yamaha Motor Co., Ltd.
TEL: +81(0)3-5220-7211
This email address is being protected from spambots. You need JavaScript enabled to view it.

NORWALK, Conn.--(BUSINESS WIRE)--Tantalus Systems Holding Inc. (TSXV: GRID) (“Tantalus” or the “Company”), a smart grid technology company, celebrated the Company’s listing on the TSX Venture Exchange (“TSXV”) by virtually ringing the opening bell at the Toronto Stock Exchange at 9:30 a.m. ET today. The Company’s senior management, directors and other team members participated in the ceremony in recognition of the Company commencing trading on the TSXV on February 9, 2021 under the ticker symbol “GRID”.

“While our public listing represents a significant milestone for the Company, the purpose of Tantalus will not change, nor will our unwavering commitment to the public power and electric cooperative sector,” said Peter Londa, President & CEO of Tantalus. “Pivoting to the public markets will allow Tantalus to accelerate our product roadmap by expanding our R&D capabilities, to establish new strategic partnerships and to pursue targeted acquisitions — all of which will only strengthen our ability to deliver purpose-built solutions to meet the specific needs of our user community.”

As previously announced, the Company completed its ‘Qualifying Transaction’ on January 29, 2021 and continues to be led by its Board of Directors, with Ms. Laura Formusa as Chair, and the same management team that has been overseeing its operations and business over the past several years. In connection with the going public transaction, Tantalus upsized its concurrent financing and, in the aggregate, raised approximately CN$10 million from new and existing investors to bolster its financial position and strengthen its balance sheet as the Company looks towards the future and continues to scale the company as a valued partner to its user community.

“As we pursue this new path, we are reminded of and grateful for the hard work and perseverance of our entire team and the unyielding support of our growing user community - now including over 185 utilities. We remain committed to building purpose-driven solutions that enhance sustainability for utilities and communities across North America and the Caribbean Basin,” said Londa.

Learn more about the Company at www.tantalus.com.

About Tantalus Systems Holding Inc.

Over the past three decades, the Company, through Tantalus Systems Corp. and its subsidiaries and affiliates, has been consistently and creatively developing technology that enhances the safety, security, reliability and efficiency of public power and electric cooperative utilities across North America and the Caribbean Basin. Tantalus provides mission-critical smart grid solutions that include a market-leading edge computing platform, robust software applications and an advanced IoT communications network. By leveraging technology, Tantalus empowers its utility customers to access granular data from both legacy meters and cutting-edge two-way intelligent devices to improve customer service, facilitate consumer engagement, realize cost savings and streamline system operations. Tantalus’ comprehensive suite of smart grid solutions includes advanced metering infrastructure, demand-management technologies, data analytics, distribution automation and street lighting control systems - a broad portfolio built purposefully to support smart community initiatives essential to both the near-term and long-term success of the utilities Tantalus supports and the communities they serve.

Follow Tantalus on Twitter, LinkedIn and Facebook.

CAUTIONARY STATEMENT

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the acceleration of the Company’s product roadmap by expanding its R&D capabilities, establishing new strategic partnerships, pursuing targeted acquisitions and the growth of the Company’s user community, and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this new release is expressly qualified in its entirety by this cautionary statement.

Jacqueline Hudson
Marketing Communications Manager
613-482-7928 x232| This email address is being protected from spambots. You need JavaScript enabled to view it.
www.tantalus.com

DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Operations and Maintenance - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wind Turbine Operations and Maintenance Market to Reach $27.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Wind Turbine Operations and Maintenance estimated at US$17.9 Billion in the year 2020, is projected to reach a revised size of US$27.6 Billion by 2027, growing at a CAGR of 6.4% over the period 2020-2027.

Onshore Wind Turbine O&M, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$22.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore Wind Turbine O&M segment is readjusted to a revised 17.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 6% CAGR

The Wind Turbine Operations and Maintenance market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Competitors identified in this market include, among others:

• B9 Energy Group
• GE Power
• Nordex SE
• One Wind
• Siemens AG
• Siemens Gamesa Renewable Energy, S. A.
• Suzlon Energy Ltd.
• Vestas Wind Systems A/S
• Wind Prospect Pty Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Wind Turbine Operations and Maintenance Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/b9t5b4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Total strategy assets in renewable infrastructure and energy transition now exceed $1.5 billion

LOS ANGELES--(BUSINESS WIRE)--Kayne Anderson Capital Advisors, L.P. (“Kayne” or the “Firm”), a leading alternative asset management firm with over $32 billion under management, announced today that the Kayne Anderson Renewable Infrastructure Fund (the “Fund”), trading under ticker symbols KARIX and KARRX, has surpassed $50 million in assets. Including investments from Kayne’s other funds, total Firm strategy assets invested in renewable energy and energy transition assets now exceed $1.5 billion.

The Fund’s investment strategy is distinct in the marketplace as it focuses exclusively on investing in companies that develop, build, own and operate the renewable power infrastructure necessary to transition global power generation to a cleaner future, including wind farms, solar parks, energy storage, and the infrastructure to bring that energy to market. In November 2020, Kayne supplemented its existing Institutional class of shares, KARIX, with a new retail class of shares, trading under the symbol KARRX.

J.C. Frey, Co-Head of Kayne’s renewable platform, said, “As pioneers in renewable energy infrastructure investing, we are extremely pleased with the early success of our renewable infrastructure mutual fund. Our strategy of investing in companies that own hard assets and generate steady cash flows in the renewable sector captures the growing opportunity provided by the global transition to a lower carbon environment.”

The Fund is the latest expansion of Kayne’s renewable investing platform, which includes investment strategies in both public and private renewable infrastructure. The Fund leverages Kayne’s more than 20 years of experience as a premier energy infrastructure investor and more than seven years of experience investing in listed renewable infrastructure companies.

About Kayne Anderson Renewable Infrastructure Fund

The Kayne Anderson Renewable Infrastructure Fund seeks total return through a combination of current income and capital appreciation. The Fund invests at least 80% of its net assets in a portfolio of renewable infrastructure companies that are involved in business activities related to renewable energy production, storage, and transmission. These companies include companies that own or operate assets used in the development, generation, production, transmission, storage, and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, or geothermal power. Renewable infrastructure companies may also be engaged in businesses related to energy conservation, water infrastructure, conventional power generation, and the sale, distribution, transmission, and marketing of electricity.

About Kayne Anderson Capital Advisors, L.P.

Kayne Anderson Capital Advisors is a leading alternative investment management firm focused on infrastructure/energy, renewables, real estate, credit and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to seek to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $32 billion in assets (as of 12/31/20) for institutional investors, family office, high net worth and retail clients and employs over 350 professionals in five core offices across the U.S.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the Fund, and may be obtained by calling 844-95-KAYNE or visiting www.kaynefunds.com. Read it carefully before investing.

Mutual Fund investing involves risk. Principal loss is possible. An investment in the Fund could suffer loss. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. Because the Fund invests in Renewable Infrastructure Companies, the value of the Fund shares may be affected by events that adversely affect companies in that industry. The Fund has investments in non-U.S. issuers or U.S. issuers with significant non-U.S. operations, which may be subject to additional political, social, regulatory, and economic risks. As a result, the Fund may be exposed to risks that the exchange rate of the U.S. dollar relative to other currencies may change in a manner that could have an adverse effect on the gain and loss generated from the Fund’s investments denominated in currencies other than the U.S. dollar. Market risk is the potential for changes in the fair value of financial instruments from market changes, including fluctuations in market price. Market risk is directly affected by the volatility and liquidity in markets in which the related underlying assets are traded. There can be no assurance that the Fund’s investment objective will be attained.

Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein.

Distributed by Quasar Distributors, LLC. Member FINRA/SIPC.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

For more information about the Fund:
Sarah Gieske
443-652-4233

For more information about Kayne Anderson:
Paul Blank
310-284-6410

ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the year ended December 31, 2020, before market open on Friday, February 26, 2021.

About Algoma Central

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

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

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

Or visit
www.algonet.com or www.sedar.com

DUBLIN--(BUSINESS WIRE)--The "Wave and Tidal Energy - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 6th edition of this report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wave and Tidal Energy Market to Reach $5.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Wave and Tidal Energy estimated at US$542.8 Million in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at a CAGR of 37.7% over the period 2020-2027.

Tidal Energy, one of the segments analyzed in the report, is projected to record 36.2% CAGR and reach US$4.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wave Energy segment is readjusted to a revised 54.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $163.7 Million, While China is Forecast to Grow at 36.8% CAGR

The Wave and Tidal Energy market in the U.S. is estimated at US$163.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$859.7 Million by the year 2027 trailing a CAGR of 36.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.7% and 32.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.8% CAGR.

Competitors identified in this market include, among others:

• AquaGen Technologies Pty., Ltd.
• Aquamarine Power
• Atlantis Resources Ltd.
• Carnegie Wave Energy Ltd.
• Marine Current Turbines Ltd.
• Ocean Power Technologies, Inc.
• Ocean Renewable Power Company LLC
• Pelamis Wave Power
• Tenax Energy

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Wave and Tidal Energy Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/wf8ltr

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900