Round was co-led by Breakthrough Energy Ventures and Eni Next, with participation from Mitsubishi Heavy Industries and AP Ventures
SANTA BARBARA, Calif.--(BUSINESS WIRE)--C-Zero Inc., a pioneer in natural gas decarbonization, announced today that it has raised $11.5 million in a Series A funding round co-led by Breakthrough Energy Ventures and Eni Next, with participation from Mitsubishi Heavy Industries (MHI) and AP Ventures. The funding will accelerate the first commercial-scale deployment of C-Zero’s drop-in decarbonization technology, which will allow industrial natural gas consumers to avoid producing CO2 in applications like electrical generation, process heating and the production of commodity chemicals like hydrogen and ammonia.
“We are excited to enter the next stage of the company’s growth with support from investors who share our desire to scale up a technology with the potential to decarbonize over a quarter of the world’s energy consumption,” said Zach Jones, CEO of C-Zero. “By converting natural gas to clean hydrogen, a molecule with enormous potential, we hope to be the bridge between existing natural gas infrastructure and a low carbon future.”
C-Zero’s technology, which was initially developed at the University of California, Santa Barbara, uses innovative thermocatalysis to split methane – the primary molecule in natural gas – into hydrogen and solid carbon in a process known as methane pyrolysis. The hydrogen can be used to help decarbonize a wide array of existing applications, including hydrogen production for fuel cell vehicles, while the carbon can be permanently sequestered. When renewable natural gas is used as the feedstock, C-Zero’s technology can even be carbon negative, effectively extracting carbon dioxide from the atmosphere and permanently storing it in the form of high-density solid carbon.
“Over $100 billion of commodity hydrogen is produced annually,” said Carmichael Roberts, Breakthrough Energy Ventures. “Unfortunately, the overwhelming majority of that production comes from a process called steam methane reforming, which also produces large quantities of CO2. Finding low cost, low emission methods of hydrogen production – such as the one C-Zero has created – will be critical to unlocking the molecule’s potential to decarbonize major segments of the agricultural, chemical, manufacturing and transportation sectors.”
The various methods of hydrogen production have recently been associated with different color codes for easy identification. Conventional production via steam methane reforming (SMR) is referred to as “gray hydrogen,” SMR with CO2 sequestration is referred to as “blue hydrogen” and hydrogen produced by splitting water via electrolysis is known as “green hydrogen.” Hydrogen produced via methane pyrolysis processes like C-Zero’s is increasingly being referred to as “turquoise hydrogen,” as it combines the benefits of both blue and green hydrogen by being low cost and low emissions, respectively.
“Methane pyrolysis is very interesting to us, as clean and low CO2 hydrogen can be produced with limited consumption of energy and no water usage. Scaling-up this process will potentially be an enormous advantage to produce hydrogen for energy or commodity chemical applications,” said a spokesperson from Eni Next.
“MHI is committed to expanding the hydrogen value chain from production to utilization by developing technologies such as hydrogen gas turbines and by partnering with innovative technology and solution providers such as C-Zero,” said Yoshihiro Shiraiwa, President and CEO of MHI America. “We believe this technology will lead to more solutions that help us and our customers achieve our decarbonization goals.”
"Methane pyrolysis offers an efficient pathway to producing low-emission and low-cost hydrogen," said Kevin Eggers, AP Ventures. “The low-cost turquoise hydrogen produced by C-Zero will have a material impact in reducing global CO2 emissions.’’
C-Zero is currently hiring in the Santa Barbara region. To learn more, visit www.czero.energy.
About C-Zero
C-Zero is commercializing a proprietary process for transforming natural gas into clean hydrogen and a solid carbon co-product. For more information, visit www.czero.energy.
About Breakthrough Energy Ventures
Backed by many of the world’s top business leaders, Breakthrough Energy Ventures (BEV) invests in cutting-edge companies that will lead the world to net-zero emissions. BEV has more than $2 billion in committed capital to support bold entrepreneurs building companies that can significantly reduce emissions from agriculture, buildings, electricity, manufacturing, and transportation. BEV’s strategy links government-funded research and patient, risk-tolerant capital to bring transformative clean energy innovations to market as quickly as possible.
The first fund was created in 2016 as part of the Breakthrough Energy network of initiatives and entities, which include investment funds, non-profit and philanthropic programs, and policy efforts linked by a shared commitment to scale the technologies needed to address climate change and achieve a path to net zero emissions by 2050. Visit https://www.breakthroughenergy.org/ to learn more.
About Eni Next
Eni Next is the corporate venture capital arm of Eni, an energy company operating in 66 countries worldwide and employing around 32,000 people. Eni operates in oil and gas exploration, development and production, refining and marketing, trading and shipping, chemical, renewable energies and innovative solutions in circular economy. Its mission is inspired by the UN 2030 Agenda and these values are reflected in its business model, itself based on three pillars of long-term carbon neutrality, operational excellence and the creation of alliances for local development.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries is one of the world’s leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
About AP Ventures
AP Ventures is headquartered in London and manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses which aim to solve global challenges such as renewable energy integration, resource scarcity and rapidly changing demographics. The existing portfolio is focused on the hydrogen value chain and includes investments in Altergy Systems, ERGOSUP, Greyrock Energy, HPNow, HyET, Hydrogenious LOHC Technologies, Infinium, Insplorion, Plug Power, Starfire Energy and ZEG Power. AP Ventures is led by Andrew Hinkly (Managing Partner) and Kevin Eggers (Partner). Investors include Anglo-American Platinum, Impala Platinum, the Mirai Creation Fund, Mitsubishi Corporation, Plastic Omnium, the Public Investment Corporation and Sumitomo Corporation.
Fadl Saadi
C-Zero Inc
(805) 456-6670
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Broad-based restoration provider and Midwest leader brings renowned talent to RES
HOUSTON--(BUSINESS WIRE)--#RES--RES announced today the acquisition of Applied Ecological Services (AES), one of the nation’s longest-standing ecological restoration firms and a leader in applying the science of ecology to land-use decisions. Founded in 1978 by Steve Apfelbaum in Brodhead, WI, AES provides ecological consulting, design, and restoration contracting throughout North America from 17 locations across the Midwest.
With the acquisition of AES, RES is deepening its talent for restoring ecosystems at every scale. RES has established a track record for landscape-scale restoration accomplished with its unique operational model covering all phases of the project, backed by long-term stewardship. AES adds a deep bench of scientists and ecological construction teams experienced in science-led approaches to a wide range of restoration projects in the Midwest and across the nation.
“We are very excited to add AES to the RES platform,” says Darrell Whitley, RES President and CEO. “The AES team shares our views on what makes effective restoration and the importance of nature-based solutions. Together, we can address environmental impacts in our communities better, provide more science-based solutions to critical projects at the municipal level, and deliver larger-scale mitigation to support major infrastructure projects. These projects help to build ecosystem resilience in our communities and are so important for protecting the earth for generations to come.”
“The AES team is delighted to join the team at RES,” says Steve Dischler, AES President and CEO. “And the timing for joining RES could not be better. For more than 40 years, our clients have relied on us to design and build projects using nature-based solutions grounded in sound science. We have learned that by working with nature, our projects not only have lower life-cycle costs, but they are also more durable. By combining our expertise with RES’ total delivery platform, we are uniquely positioned to take ecosystem restoration and mitigation to the next level.”
AES will maintain its leadership and all consulting and operational staff and services as part of RES. AES consulting and construction professionals offer comprehensive, coordinated expertise in ecological science, natural area restoration, nursery science, geospatial services, sustainable ecological engineering, and landscape architecture.
About RES
RES (Resource Environmental Solutions) is restoring a resilient earth for a modern world, project by project. As the nation’s largest ecological restoration company, RES provides environmental mitigation, stormwater and water quality, and climate and flooding resilience solutions with a focus on full delivery, long-term stewardship, and guaranteed performance. RES designs, builds, and sustains sites that preserve the environmental balance, restoring our land and waters to enhance lives for generations to come.
For more information, visit www.res.us.
Gaye Denley
Director, Marketing
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Patrick Ryan
VP, Corporate Development
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First virtual cohort comprised of 10 science-based startups from across the US and Canada
WILMINGTON, Del.--(BUSINESS WIRE)--Delaware Innovation Space, a multi-dimensional, non-profit entrepreneurial support organization and ecosystem for science-based startup companies, announced today that it has fully launched its Science Inc. accelerator program. Over the next 5 months, a cohort of 10 startups looking to grow their companies in the United States will participate in weekly programming and receive on-going expert mentoring and coaching, culminating with the Science Inc. Demo Day in June where each company will pitch to investors and partners.
“The ten companies in this first cohort include a wide array of diverse science startups working to improve and enhance our everyday lives by curing or mitigating disease with new therapeutics, curbing climate change through carbon capture and renewables, and improving water quality and other industrial processes,” said Bill Provine, CEO of Delaware Innovation Space. “Each company in this first cohort has the potential for enormous business impact. I’m excited to be able to witness and help accelerate the growth of these companies with the support, wisdom, and expertise of the Delaware Innovation Space community.”
Science Inc. Accelerator @ Delaware Innovation Space – Cohort #1
“As a new resident company at the Delaware Innovation Space, we jumped on the opportunity to apply to Science Inc.,” said Jo Norris of Carbon Reform. “We were already receiving an amazing welcome and support through their extensive leadership and mentor community, and we were eager to take advantage of another one of their high-impact programs,” Norris said. Norris’s co-founder, Nick Martin, added “we were thrilled to learn we’d been accepted as the unique technological and entrepreneurial focus of the Innovation Space is superior to any other lab space and accelerator program in the region for science-minded founders, and we're confident Science Inc. will substantially help us to rapidly propel our company forward.”
“I’m very excited about the societal and economic impact that will be derived from the output of the startups that are part of Science Inc.,” said Provine. “Science Inc. is a program that will run cohorts twice a year supporting startups who are driving science from concept to commercialization, positively impacting the lives of thousands if not millions of people around the world.”
Science and technology-focused entrepreneurs can find more information about the Science Inc. accelerator program and future cohorts here. The application for our Fall 2021 Science Inc. cohort will open later this spring. Sign up here for updates about Science Inc. applications and other Delaware Innovation Space program news.
Science Inc. is an accelerator program that received national recognition and was awarded $1.5 million in funding from the US Economic Development Administration’s Build to Scale Venture Challenge program and its Office of Innovation & Entrepreneurship.
About Delaware Innovation Space:
Delaware Innovation Space is a multi-dimensional, non-profit entrepreneurial support organization and ecosystem where entrepreneurs, scientists, business leaders, community members, investors, and service providers in the advanced materials, industrial and agriculture biotechnology, chemical ingredients, renewable energy, nutrition, therapeutics, diagnostics, and healthcare fields can build business concepts together and accelerate the path to commercialization of each startup. Delaware Innovation Space was formed by a public-private partnership between the State of Delaware, DuPont, and the University of Delaware. Learn more: www.innovationspace.org
Media Contact:
Bill Provine
302-695-2201
Delaware Innovation Space
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ATHENS, Greece--(BUSINESS WIRE)--First sentence of release should read: Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2020 before the open of the market in New York on Tuesday, February 16, 2021 (instead of after the close of the market in New York on Monday, February 15, 2021).
The updated release reads:
DANAOS CORPORATION ANNOUNCES DATE FOR THE RELEASE OF FOURTH QUARTER 2020 RESULTS, CONFERENCE CALL AND WEBCAST
Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2020 before the open of the market in New York on Tuesday, February 16, 2021.
The Company’s management team will host a conference call to discuss the results on Tuesday, February 16, 2021 at 9:00 A.M. ET.
Conference Call Details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers:
U.S. Toll Free Dial-in: 1 844 802 2437
U.K. Toll Free Dial-in: 0 800 279 9489
Standard International Dial-in: +44 (0) 2075 441 375
Please indicate to the operator that you wish to join the Danaos Corporation earnings call.
A telephonic replay of the conference call will be available until February 23, 2021 by dialing 1 877 344 7529 (US Toll Free Dial In) or 1-412-317-0088 (Standard International Dial In) and using 10152390# as your access code.
Audio Webcast:
A live audio webcast of the conference call will be available through the Danaos Corporation website (www.danaos.com). Participants of the live audio webcast should register on the website approximately 10 minutes prior to the start of the webcast. An archived version of the audio webcast will be available on the website within 48 hours of the completion of the call.
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our current fleet of 65 containerships aggregating 406,586 TEUs, including five vessels owned by Gemini Shipholdings Corporation, a joint venture, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Our long track record of success is predicated on our efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC."
Visit our website at www.danaos.com.
Company:
Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel: +30 210 419 6480
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Iraklis Prokopakis
Senior Vice President & Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel. +30 210 419 6400
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Investor Relations and Financial Media:
Rose & Company
New York
Tel. 212-359-2228
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Cyber risk management leader utilizes data from ransomware events to give enterprises visibility into their ransomware cyber posture
NEW YORK--(BUSINESS WIRE)--#cybercrime--Axio, a leading cyber risk management Software-as-a-Service company, today announced the availability of a free Ransomware Preparedness Assessment tool to give organizations detailed visibility into their cyber posture with respect to ransomware.
The assessment is based on data from hundreds of real ransomware events, guidance from the U.S. Department of Homeland Security, and Axio’s research.
By using the Axio360 platform, users can rapidly assess and prepare for a ransomware attack, the most widespread cyber scourge of our time. The framework was designed by Axio’s research and development team, who have extensive experience building the most widely used cybersecurity maturity models for critical infrastructure.
The output of the Axio360 Ransomware Preparedness Assessment will be accepted as supplementary evidence in support of cyber insurance applications.
The assessment output can be used to rapidly evaluate gaps in an organization’s cybersecurity posture that make it more susceptible to big-game-hunting ransomware. These results are critical in identifying and implementing protections against ransomware and will have the secondary effect of increasing the organization’s overall cybersecurity posture. The assessment interface in the Axio360 platform includes a comprehensive reporting functionality for executive stakeholders such as the C-suite and board members. Functionality in Axio360 supports targeting, planning, and tracking improvements to ensure that they are implemented.
“The risk of a ransomware event being realized has become a prioritized concern for business leaders in 2021. In 2020, cybercriminals operated without any human decency, targeting the most vulnerable and at-risk parties, such as hospitals, scientists, and global manufacturers. The approach has become more sophisticated and life-threatening, shifting from individual targets to big game hunting, destroying enterprise backups, blackmailing victims with public leakage of exfiltrated data, and paralyzing critical systems and infrastructure,” said David White, President of Axio. “Our initiative with this free ransomware assessment tool offering is to empower companies to fully understand how their programs are performing and to rapidly prioritize improvements based on what we have seen will provide the most impact.”
Axio’s core value is centered around helping organizations solve cyber risk. In 2020, the company provided three free cyber risk program assessment tools that give organizations visibility into their cyber posture. Axio360’s free tool set also includes the complete NIST Cybersecurity Framework (NIST CSF), the complete Cybersecurity Capability Maturity Model (C2M2), a wizard-based on-ramp to the C2M2 called C2M2 Foundation. In 2021, Axio will continue providing the latest cutting-edge instruments, including a wizard-based on-ramp to the NIST CSF called the NIST CSF Foundations and support for company-specific control frameworks for more advanced subscribers.
By using the Axio360 free tool set, initial assessments can be the baseline to build a cybersecurity management program. Axio recommends setting a current and target state for improvement, which is easy and convenient to track over time in the platform.
For more information on how to secure your organization and improve your cyber risk management, access all of Axio’s free tools here: https://learn.axio.com/free-tool.
About Axio
Axio is a leading cyber risk management SaaS company. Axio believes that all organizations should have the means to solve their unique cyber risk challenges and created the Axio360 platform to deliver on that belief. Axio360 is the only methodology and software designed to empower security leaders, senior executives, and boards of directors with the ability to confidently and continuously answer the critical questions about risk, including: Where should we invest to most effectively to minimize our cyber risk and financial exposure? Axio360 cuts through complexity to give organizations a comprehensive view of cyber risk, and links business leaders to security leaders with a unified message, in language decision makers and management teams understand well: financial impact.
Sarah Thorson
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CINCINNATI--(BUSINESS WIRE)--Mike Albert Fleet Solutions, a national leader in the automotive electrification movement for the past ten years, has promoted Nate Shadoin to Director, Sales & Fleet Electrification. Mike Albert has created this new prominent position to further its mission to empower fleet clients to achieve their sustainability goals and improve their ROI with electric vehicles.
“Mike Albert Fleet Solutions has been a leader in the fleet industry since 1956 by staying ahead of the curve and embracing change in the automotive industry,” says Shadoin. “We’re excited that EVs and fleet electrification initiatives have become top of mind for businesses and government agencies who have carbon footprint reduction initiatives and want a lower total cost of ownership. We’re proud to lead in this growing segment of the industry and help our clients realize the benefits of a zero-emission fleet.”
Shadoin’s professional passion for vehicle electrification began at Zenith Motors, where the core business was electric powertrain conversions for vans. He joined Mike Albert Fleet Solutions in 2015 where he has been highly successful at building long-lasting bonds with several OEMs in the electric vehicle space and helping companies and municipalities nationwide make a smooth, cost-efficient transition to fleet electrification.
“Nate is very hands on and knowledgeable about electric vehicles. He’s definitely a specialist and well-connected when it comes to electric vehicles and electric fleets, which made acquiring the cars we wanted a seamless process. I really appreciate his passion and his professionalism,” says Morgan Kauffman, CEO and owner of Columbus Yellow Cab.
“Nate is an unshaken leader in his belief in electric vehicles and the long-term value they can deliver to its owners and our environment,” says Jeff Hart, President at Mike Albert. “Through experience and continuous research, he has acquired extensive knowledge of the vehicles, batteries and charging solutions, as well as the monetization of incentives, grants and tax credits. He is a true champion of electrification.”
“Nate has become an expert in electrification by working diligently with manufacturers of electric vehicles and batteries and with vendors of charging infrastructure,” says Mike Hardesty, VP, Business Development/Strategic Alliances at Mike Albert. “Nate has earned their respect and communicates with them regularly to stay up on the most recent developments in the industry.”
“Nate is the go-to guy when it comes to information about electric vehicles for fleets and the cost savings they can provide,” says Ted Cain, Executive VP, Sales at Mike Albert. “In his new position, he’ll fervently lead our charge into the future of fleet electrification.”
Shadoin, a lifelong sports car, racing, and auto industry enthusiast, attended Butler University in Indianapolis, the hometown of the Indianapolis 500. He’s now based in Cincinnati, Ohio.
To learn more about fleet electrification and EV fleet management, visit mikealbert.com.
About Mike Albert
Mike Albert is a future-focused mobility company, 63 years in the making, that’s home to three business units – Fleet Solutions, Sales & Service and Rental. Mike Albert is proudly rooted in Cincinnati, Ohio, but serves clients nationwide. Whether you need the ways and means to transport people, products or services, Mike Albert associates pride themselves on matching you with the right vehicles, financing and services to help you achieve your goals today and tomorrow.
Mike Albert Fleet Solutions, a top 10 national fleet management company, offers end-to-end services including vehicle acquisition and remarketing, leasing and financing, maintenance management, fuel management, telematics data and truck and van equipment and branding. Mike Albert Fleet Solutions serves fleets of any size, in any industry, including service contracting, pest control, construction, food and beverage, delivery, grounds management and municipalities.
Mike Albert Fleet Solutions
Chris Parrott
VP, Marketing
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Scott Balfour, President and CEO of Emera Inc. and Chair of the Tampa Electric Board (TSX: EMA) today announced that Archie Collins will become the next President & Chief Executive Officer of Tampa Electric effective May 3, 2021. Until that time, he will serve as President & Chief Operating Officer.
“Archie is a proven energy leader with deep operational experience who has been playing a key leadership role at Tampa Electric since 2018,” says Scott Balfour, President and CEO of Emera Inc. and Chair of the Tampa Electric Board. “He is the right leader to maintain the positive momentum at Tampa Electric as the team continues its focus on delivering value for customers, reducing carbon emissions, and driving growth at the utility, all while cultivating a strong safety culture and a diverse and inclusive team.”
With more than 30 years of experience in the energy industry, Archie has held increasingly senior roles within Emera. Most recently, he was the Chief Operating Officer of Tampa Electric. Archie has also served in leadership roles at Nova Scotia Power, Emera Energy and as President and Chief Executive Officer of Grand Bahama Power Co., and President and Chief Operating Officer of Emera Caribbean (link to bio).
“I am proud to become the next President and CEO of Tampa Electric,” says Archie Collins, President and COO of Tampa Electric. “It is a privilege to be chosen to lead this team, and to help shape a future for Tampa Electric that is cleaner, greener and focused on serving our customers and investing in our community.”
Nancy Tower will officially retire from Emera at the end of June 2021.
“We are grateful for the contribution of Nancy Tower to Emera over the past 24 years,” says Balfour. “During her time at Tampa Electric she played a key role in establishing the strategic roadmap for the future of the utility and has been instrumental in driving the recent growth at the company.”
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.
About Tampa Electric
Tampa Electric, one of Florida’s largest investor-owned electric utilities, serves about 780,000 customers in West Central Florida. Tampa Electric is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.
Media:
Emera Inc.
Dina Seely
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902-478-0080
Prevent power outages by securing metallic balloons with a weight
SAN FRANCISCO--(BUSINESS WIRE)--Valentine’s Day is only a few days away and couples across California are busy making elaborate romantic plans that entail . . . staying at home. But if those COVID-19-friendly, stay-at-home plans involve metallic balloons, Pacific Gas and Electric Company (PG&E) is reminding all of its customers to celebrate responsibly. If balloons—particularly metallic ones—come into contact with overhead power lines, they can disrupt electric service, cause significant property damage and potentially result in serious injuries. So, make sure to keep your Valentine’s Day balloons inside and weighted down.
Last year, metallic balloons were the cause of 453 power outages across PG&E’s service area in Northern and Central California, disrupting electric service to more than 250,000 homes and businesses. This is nearly a 30 percent increase in balloon-caused outages from 2019.
“Over the past year, we’ve seen a significant increase in the number of balloons floating into our power lines and causing outages, and we suspect that there could be a correlation to the pandemic and the advent of creative at-home celebrations. Metallic balloons are an easy way to make at-home celebrations more festive, but nothing puts a damper on a romantic evening faster than a widespread power outage you, your friends or your neighbors. Keep your holiday safe by ensuring metallic balloons are secured with a weight,” said Ken Wells, Vice President, Electric Distribution, PG&E.
This year, due to the pandemic, only 21 percent of people celebrating Valentine’s Day are planning an evening out, the lowest in 17 years, according to a National Retail Federation survey. As more and more people celebrate at home, creativity is taking center stage and balloons are a fun way to liven up February 14 celebrations. But if used improperly they can certainly put a damper on the fun. Make sure to stay safe and have fun.
The top five cities in PG&E's coverage area that reported balloon-related outages are Bakersfield, San Jose, Oakland, Stockton and San Francisco. Sometimes these outages interrupt electric service to important facilities such as hospitals, schools and traffic lights. You can see for yourself by checking out this video that shows how balloons can create safety issues: PG&E Mylar Balloon Safety
In order to significantly reduce the number of balloon-caused outages and to help ensure that everyone can safely enjoy Valentine’s Day PG&E reminds customers to follow these important safety tips for metallic balloons:
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.
MEDIA RELATIONS:
415-973-5930
EVBox, a global provider of EV charging solutions, has received the ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications — the international standards outlining best practices regarding quality, environmental performance, and occupational health and safety management systems.
LIBERTYVILLE, Ill.--(BUSINESS WIRE)--Following the news that it will become a public company by the end of March via a business combination with TPG Pace Beneficial Finance (NYSE: TPGY), EVBox, a global provider of electric vehicle charging hardware, software and service is taking an important step in its development by becoming ISO-certified.
EVBox, the charging station brand of EVBox, has successfully passed an ISO audit to receive the ISO 9001:2015 (quality management systems), ISO 14001:2015 (environmental management systems), and ISO 45001:2018 (occupational health and safety management systems) certifications. Everon, the cloud software platform brand of EVBox offering charging management solutions, has also received the ISO 45001:2018 certification.
ISO (International Organization for Standardization) is an independent, non-governmental, international organization that develops standards to ensure the quality, safety, and efficiency of products, services, and systems. These standards are important to ensuring consistency in a global marketplace. EVBox underwent a 12-month verification process to demonstrate its ability to consistently provide products and services that meet customers’ needs, as well as specific statutory and regulatory requirements. The process also verified EVBox’s environmental performance and occupational health and safety management systems.
This audit represents EVBox’s commitment to always achieving the highest level of quality and service and treating customers, partners, employees, stakeholders and the environment with the highest level of respect as they seek to improve and expand access to EV charging at a global level.
The certifications are granted by the third-party accredited registrar and certification body BSI and are publicly available in the BSI Certificate and Client Directory and on EVBox’s website.
“I’m proud to say that EVBox and Everon have achieved yet another significant accomplishment after a long process requiring an immense amount of preparation. Our newly-verified Integrated Management System helps us to focus on all areas throughout our business and we’re continually monitoring and improving our processes to become more effective, efficient, and productive. These certifications set EVBox and Everon on the right path to providing an excellent experience for our customers across all stages of their journey with us and I’m confident that being ISO-certified gives them the confidence that we’re adhering to the highest possible industry standards and procedures.”
— Peter Van Praet (COO of EVBox Group)
About BSI
The British Standards Institution (BSI) is an accredited registrar and certification body (CB) with the competence to audit and issue certifications confirming that an organization meets the requirements of a standard (e.g. ISO 9001 or ISO 14001).
For more information visit www.bsigroup.com
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.
Madeline Ana Vidak
PR & Communications Specialist
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Job Karstens
Head of Public Relations
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Optimistic color conveys trust, dependability, healing, hope
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today released its 2020 automotive color popularity report, which shows blue hues continuing to increase in popularity. The optimistic color climbed to 9% of global color share – a 1% increase from 2019.
The trend reinforces PPG’s 2019 automotive color forecast, which anticipated that sales of blue automobiles would increase over the next four years. PPG experts believe the global COVID-19 pandemic is likely to further fuel global preference for the color.
“COVID-19 has consumers focusing on their desires and priorities,” said Misty Yeomans, PPG color styling manager, Americas. “Blue is an optimistic, comforting color that conveys trust, dependability, confidence, healing and hope. It’s also associated with nature, cleanliness and future-forward technology.”
While blue held steady in most regions, it increased 1% in Asia-Pacific markets, accounting for virtually all the color’s overall global growth. In North America, blues held at 10% of the color share, but became more popular on minivans, compact cars and sports cars. Blue now commands 15% of the sports car segment in the region.
In Europe, blue occupies 11% of the market. Sales of blue luxury, mid-size and sub-compact vehicles grew by 1% across the continent last year. In China, the purchase of blue sub-compacts jumped by 4% and blue mid-size cars by 2%, but the color fell by 6% in minivans.
As the movement toward blue continues, Yeomans expects the color to emerge in more vivid or desaturated shades, deep-sea luxury tones and hues with a slight turquoise influence.
“Digital-inspired aqua-blues combine versatility with a sense of youthfulness and a fresh spirit,” said Yeomans. “The emergence of the electric vehicle (EV) market also will drive growth in vibrant tones and interesting effects, such as color-shifting colors. We’re also seeing blue used more extensively in trim lines, logos and other accessorizing applications.”
Consumer demand and the need to accommodate autonomous driving technologies helped white remain the world’s most popular automobile color. While preference for white tones fell 1% from 2019, solid and metallic shades of the color claimed 34% of the cars purchased worldwide in 2020, according to PPG’s report. This was led by 41% of auto builds in the Asia-Pacific region, which is a boost of 1% from 2019, and 36.5% in South America, where demand fell by 2.5%. In North America, white metallics leapt substantially in the luxury car segment, from 21% last year to 38% in 2020.
“White colors also reflect consumers’ desire for refined simplicity and versatility in turbulent times,” Yeomans said. “In addition to the pearl and metallic whites that are already widely popular, we anticipate a new dimension of white stylings in the automotive market that create a warm, sophisticated feel, such as creamy shades of ivory or bone-colored tints and ceramic effects. White colors are also highly compatible with emerging radar and LiDAR technologies that enable self-driving vehicles.”
Together, green, blue and natural shades accounted for 16% of the global automotive color share. This figure is consistent across all regions except South America, where white, silver, black and gray virtually eliminate these hues.
“Red is consistent and an important color space in the automotive market, holding steady at 8% globally,” said Yeomans. “This color will get a new push with EV start-ups due to its stand-out nature and association with sports car models. Year after year, we see high chromatic reds growing in interest.”
Holding steady at 18% compared to 2019, black retained its popularity as a core color due to its versatility and dramatic design potential.
“Effects and finishes that incorporate black tones allow for artistic reveals in the way color shifts, highlighting hidden undertones and adding a dramatic flair to the possibilities provided by the new pigments and finishes being developed within this color family,” Yeomans said.
Globally, a slight decrease in the popularity of silver was balanced by a corresponding increase in preferences for gray. Silver tones dropped from 15% of auto builds in 2019 to 12% in 2020. Grays rose from 10% to 12% during the same period.
PPG forecasts that gray will remain a popular core color for automotive stylists moving forward, driven by the resurgence of concrete and stone materials and the ongoing appeal of ceramic and metal tones. The gray palette will shift toward warmer hues with brown influences, while blue-inflected grays will retain their fashionability.
The influence from nature will be apparent in silver stylings moving forward as well, according to PPG experts. Warmer and more organic tones will further reflect current consumer tastes, while also aligning with the highly compatible nature of very light tones, including whites, with new radar and LiDAR technologies.
Because PPG coats more surfaces than any other company and its paint colors are sold in more than 70 countries, developing color trends is a global, cross-cultural effort. Fact-based collaboration among more than 20 PPG color experts generates the company’s color trends and consumer preferences, resulting in a unified voice on color direction.
PPG color stylists around the world specialize in industries that include consumer electronics, architectural, automotive and aerospace. These experts study consumer mindsets, building material trends, wellness preferences and more to select a curated color forecast that resonates and is reflective of current consumer attitudes and spans cultures, regions and markets.
EDITOR’S NOTE: For more information on PPG’s automotive color popularity report, visit news.ppg.com/2020automotivecolor. For more information on PPG’s architectural coatings color trends, visit news.ppg.com/2021colortrends.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.
CATEGORY Automotive OEM Coatings
PPG Media Contacts:
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Automotive OEM Coatings
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www.ppg.com
Big Data Platform to Power Autonomous XDR Ingest, Analytics, and Orchestration Capabilities Across the Enterprise
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--#CyberSecurity--SentinelOne, the autonomous cybersecurity platform company, today announced the acquisition of Scalyr, a leading cloud-native, cloud-scale data analytics platform. With this acquisition, SentinelOne will be able to ingest, correlate, search, and action data from any source, delivering the industry’s most advanced integrated XDR platform for realtime threat mitigation across the enterprise and cloud.
Through this acquisition, SentinelOne sets the bar for the XDR market and solves one of the biggest challenges in delivering a fully integrated XDR platform: ingesting and actioning all operational data in realtime from a security-first perspective. According to Gartner, “building an effective XDR is more challenging than it might seem. Lack of data collection, common data formats and APIs, as well as products built on legacy database structures, make it difficult to integrate security tools even within the same vendor’s product portfolio.1”
Born in the cloud, Scalyr’s SaaS platform unlocks the full promise of XDR. By eliminating data schema requirements from the ingestion process and index limitations from querying, Scalyr can ingest massive amounts of machine and application data in real time, enabling organizations to analyze, query, and action data with unparalleled speeds and cost-effectiveness. This provides SentinelOne customers with autonomous, realtime, and index-free threat analysis and mitigation beyond the endpoint – across the entire enterprise and cloud attack surface – something not possible with today’s human powered and schema-constrained cybersecurity products.
“Through our acquisition of Scalyr, SentinelOne is solving one of the industry’s biggest data challenges for delivering fully integrated XDR capabilities. Scalyr’s big data technology is perfect for the use cases of XDR, ingesting terabytes of data across multiple systems and correlating it at machine speed so security professionals have actionable intelligence to autonomously detect, respond, and mitigate threats,” said Tomer Weingarten, Co-Founder and CEO, SentinelOne. “This is a dramatic leap forward for our industry – while other next-gen products are entirely reliant on SIEM integrations or OEMs for point in time data correlation and response, SentinelOne uniquely provides customers with proactive operational insights from a security-first perspective. The combination of Scalyr’s data analytics with our industry leading AI capabilities ushers in a new era of machine-speed prevention, detection, and response to attacks across the enterprise.”
Realtime Data Ingest & Correlation is the Next-Generation of Detection
With Scalyr as the big data engine powering the Singularity XDR platform, SentinelOne once again defines autonomous protection. Scalyr broadens the aperture of data sources, creating a realtime data lake for ingesting structured and unstructured data from any technology product or platform - including Microsoft, AWS, Google, CrowdStrike, and more - as well as internal enterprise data sources. Diverse XDR data, coupled with SentinelOne’s AI-powered Storyline technology, automatically connects disparate data into rich stories and autonomously identifies malicious behaviors, especially techniques exhibited by advanced persistent threats - including APT malware like Sunburst.
AI-Powered Automated Response Across the Enterprise Technology Stack
While most EDR products struggle with alert response, often relying on human services and manual actions, SentinelOne pioneered AI-powered automated response capabilities including threat mitigation, remediation, and ransomware rollback - each delivered without any human effort. XDR extends these capabilities beyond cybersecurity use cases by providing response actions on applications and services such as Okta, Netskope, Recorded Future, ServiceNow, Splunk, Zendesk, Slack, and more.
“This strategic acquisition accelerates SentinelOne’s unrivaled product innovation while maintaining a sustainable growth model. Scalyr’s technology solves one of the biggest operational challenges vendors face – balancing the cost structure of ingesting and storing massive amounts of data,” said Nicholas Warner, COO, SentinelOne. “Delivering the industry’s most advanced and integrated XDR platform bolsters our hypergrowth path while building a long-term, sustainable business that delivers value to customers and shareholders.”
Founded by the creator of Google Docs, Steve Newman, Scalyr created the industry’s first cloud-native, cloud-scale data analytics platform for log management and observability. Scalyr ingests and stores petabytes of structured and unstructured machine data and is optimized for high-cardinality, high-dimensionality data: searching and storing data at low-costs and high speeds. Scalyr is used by leading brands like NBC Universal, CareerBuilder, TomTom, Lacework, Zalando, Tokopedia, and Asana to manage their large scale data operations.
“We built Scalyr to solve critical data challenges for a cloud-first world,” said Newman, Co-Founder and Chairman, Scalyr. “I’m excited for the Scalyr team to become part of SentinelOne and solve one of the world’s most pressing big data problems - cybersecurity.”
"The security and data analytics industries are uniquely related, and this acquisition provides SentinelOne the opportunity to set the agenda as the XDR category leader," said Christine Heckart, CEO, Scalyr. "Scalyr's current customers will benefit from expanded investment, and SentinelOne's customers will enjoy Scalyr’s big data capabilities within the Singularity platform.”
Under the terms of the agreement, SentinelOne is acquiring Scalyr for $155 million in equity and cash. The acquisition is expected to close during SentinelOne’s first quarter, subject to customary closing conditions. SentinelOne’s data services team will continue offering log management, observability, and event data cloud solutions in conjunction with integrating Scalyr.
About SentinelOne
SentinelOne is the only cybersecurity solution encompassing AI-powered prevention, detection, response and hunting across endpoints, containers, cloud workloads, and IoT devices in a single autonomous XDR platform. With SentinelOne, organizations gain full transparency into everything happening across the network at machine speed – to defeat every attack, at every stage of the threat lifecycle. To learn more visit www.sentinelone.com or follow us at @SentinelOne, on LinkedIn or Facebook.
1“Innovation Insight for Extended Detection and Response,” Gartner, March 2020
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Emera and Nova Scotia Power announce initial investment of $300,000 to provide critical programming and support for immigrant youth
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera (TSX:EMA) is pleased to announce the creation of the Emera Inclusion & Diversity Fund. Emera and its operating companies plan to collectively invest a minimum of $5 million over the next five years to support organizations and initiatives advancing inclusion and diversity in our communities.
As part of the fund, Emera and Nova Scotia Power are contributing to the Immigrant Services Association of Nova Scotia (ISANS) to establish Youth Explore! programming. This $300,000 investment over the next three years will provide critical programming and support for youth aged 16-25 who are new to Canada and entering the workforce in Nova Scotia. While this is the first investment announced as part of the fund, Emera will continue to work with organizations in Nova Scotia and across its operating regions to identify other opportunities for partnership and investment.
“At Emera, we are committed to working together with our employees to promote diversity and inclusion across our organization and to make meaningful contributions to the communities where we live and work,” says Scott Balfour, President and CEO, Emera Inc. “We are proud to be headquartered in Nova Scotia, where we have progressive immigration policies designed to make our province stronger. We’re pleased to be collaborating with ISANS on this new initiative to help immigrant and refugee youth as they prepare to enter the workforce and become future leaders in the province.”
YouthExplore! participants will learn about culture, rights, and responsibilities in Canada, and develop their skills in areas including digital literacy and resume writing. As the project is developed, Emera and Nova Scotia Power employees will have the opportunity to participate as mentors and volunteers.
“ISANS, Emera and Nova Scotia Power share the vision of making communities stronger and more welcoming places to live for all. The Youth Explore! program will provide orientation, guidance and mentorship to newcomer youth so they can realize their full potential. We are thrilled to strengthen and expand our partnership with Emera on this important work,” says Wenche Gausdal, Director of Programs, Settlement, Community Integration & Support Services at ISANS.
Nova Scotia Power employee Banpreet Singh Shaney, Project Engineer at Tufts Cove Generating Station, knows first-hand the importance of the kind of support that will be provided through this new project.
“ISANS helped me with the very sweet journey I’ve been on, immigrating to Canada from India. I’m proud that this donation by Emera and Nova Scotia Power is supporting an ISANS program that will provide such important help to immigrant youth,” he says.
The Emera Inclusion & Diversity Fund is a collaborative effort across Emera and its operating companies and will directly support programs and initiatives that advance and promote diversity, help to remove barriers and support education and awareness. The fund is part of Emera’s Community Investment Program, which is focused on helping build safer, stronger and more innovative communities. The fund is also reflective of Emera’s journey towards an inclusive and diverse culture, supported by active inclusion and diversity employee networks across the organization.
For more information about Emera’s Inclusion & Diversity Fund and how to apply for funding, please visit:
https://www.emera.com/community
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.
Emera media contact
Dina Seely
902-478-0080
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Nova Scotia Power media contact
Jacqueline Foster
902-225-4735
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ISANS media contact
Bridget Ebsary
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902-222-7454
AUSTIN, Texas--(BUSINESS WIRE)--Utility-scale energy storage company Jupiter Power LLC (“Jupiter”) today announced it will build six stand-alone, utility-scale battery storage projects this year, totaling 652 megawatt hours of energy storage capacity. The projects consist of three 200-megawatt-hour projects and three smaller projects, each strategically sited and configured at optimized locations. The projects are all expected to be online by Q3 2021.
Formed in 2017, Jupiter is a developer, owner and operator of energy storage projects in select U.S. markets. “Jupiter was founded on the idea that the rapid growth of renewables means not just cleaner energy, more jobs and a stronger tax base for local communities, but also that we must find ways to make intermittent wind and solar power fit better into the power grid, and storage is the way to do this,” said Jupiter Chief Executive Officer Andy Bowman, whose company is primarily backed by leading energy investor EnCap Investments L.P. “The projects we are announcing today will not only strengthen the grid and provide backup power when needed, they will also help ensure that the cheapest power available – increasingly wind and solar – can get to market regardless of when and where it is generated.”
While most storage companies today build projects only after putting contracts in place for capacity or ancillary services, Jupiter focuses on innovative new structures for contracted projects and putting revenue optimization strategies to work on uncontracted projects sited to help address price volatility and transmission bottlenecks. The company believes its unique ability to strategically site projects and to maximize revenue via contracting and real-time sales allows it to maximize the huge emerging market opportunity for energy storage technologies.
Chief Operating Officer Audrey Fogarty leads Jupiter’s work implementing its novel approaches to storage. “Storage has a unique ability to enhance grid reliability by making power flows more stable during times of rapid supply increases and decreases from wind and solar projects or transmission constraints,” Ms. Fogarty said. “We have spent a considerable amount of time developing proprietary data-driven approaches around how best to site and operate highly flexible, rapidly acting storage projects within today’s power markets. By deciding when to charge and discharge as needed to optimize performance of the system and grid support requirements, Jupiter is leading the way toward much more dynamic utilization of energy storage than we have seen to date.”
About Jupiter Power LLC
Jupiter Power is a utility-scale energy storage company that uses novel applications of cutting-edge energy storage technologies to better serve today’s electricity business. Jupiter is backed by leading energy investors EnCap Investments L.P., Yorktown Partners and Mercuria Energy and has offices in Austin, Texas and Chicago, Illinois. The company is currently developing more than 10GW of storage projects for construction over 2022-2026 in the most promising United States markets, with a particular focus on Texas, the eastern seaboard, California and the midcontinent. For more information, please visit www.jupiterpower.io.
Casey Nikoloric
TEN|10 Group
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Upgrades made to the Center total over $1 million and allowed the City of Brockton to reopen [the Center] as a COVID-19 testing and vaccination center
BROCKTON, Mass.--(BUSINESS WIRE)--#brocktonma--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced the completion of a building renovation project it completed for the Shaw’s Center in Brockton, Massachusetts. The upgrades to the facility allowed the Shaw’s Center to re-open as a COVID-19 testing and vaccination center for the Brockton Neighborhood Health Center (BNHC). Prior to the renovations, the BNHC conducted its testing out of trailers in the parking lot of Campanelli Stadium.
The Shaw’s Center has undergone extensive facility improvements, with the total value of upgrades made to the center exceeding $1 million. Enhancements made to the facility include the installation of a new roof, replacement of seven rooftop units and two air-handling units, lighting retrofits, improved insulation, transformer replacements and other miscellaneous building upgrades. Due to an escalation in COVID-19 cases, facility renovations were completed under a compressed project schedule, which involved extraordinary collaboration between Ameresco, its subcontractors, and City of Brockton officials as the team rallied to install upgrades to secure a safe testing location.
“Our team has worked diligently to see this renovation project to completion in accordance with its accelerated schedule. We worked closely with the City of Brockton to ensure that we partnered with local Brockton and regional contractors, whenever possible, to keep project investments close to home,” said David J. Anderson, executive vice president and director of Ameresco. “It’s extremely gratifying to know that our solutions can benefit cities like Brockton as they navigate the challenges of the ongoing pandemic to offer greater support to its community.”
The renovations to the testing site are a part of the state’s “Stop the Spread” campaign, which is designed to provide free and accessible testing to everyone in Massachusetts. Funding for the project was provided to the City of Brockton through the CARES Act.
"The renovations made to the Shaw's Center hold immense importance for us and our community as we continue to combat the effects of the COVID 19 pandemic. These renovations will enable us to get more of our residents screened, tested, and vaccinated," said Mayor Robert F. Sullivan. "We are so thankful to the team at Ameresco for their professionalism, dedication, and willingness to aid us in this monumental and long-overdue renovation. This project to bring the Shaw's Center back to life was a pledge that I made during my inauguration speech and this endeavor is moving us towards the full achievement of that goal."
The Shaw’s Center officially reopened on Wednesday, February 3, 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 independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. 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 City of Brockton, MA
Brockton is located in Plymouth County, Massachusetts and has a Mayor-Council form of government. The city prides itself on its diversity of cultures and is home to approximately 100,000 residents. Present day Brockton was first settled in the 17th century and was originally known as North Bridgewater – a geographic area that is today comprised of the communities of Brockton, West Bridgewater, East Bridgewater, and Bridgewater. Brockton became a city in 1881. Farms gave way to factories, and Brockton became an epicenter of the shoe and textile industries, earning the name “Shoe City.” At the dawn of the 20th century, the city had a population of 40,000; and more than 6,000 people were employed in over 100 separate shoe manufacturing entities. For more information, visit https://brockton.ma.us/.
The announcement of a customer’s entry into, or completion of, a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total construction backlog. This project was reported in our previously reported awarded backlog as of September 30, 2020.
Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
CALGARY, Alberta--(BUSINESS WIRE)--Blackline Safety Corp. (TSX.V: BLN), a technology company with recurring revenue and a strong working capital position, today announced the recent closing of a financing facility offer of $15 million with National Bank of Canada. The company worked with the Bank’s Technology and Innovation Banking Group, which offers specialized support to fast-growing technology businesses across Canada. This new credit instrument further increases Blackline’s financial flexibility beyond its current enhanced capitalized position following the closing of a Brokered Private Placement in September 2020.
“We’re pleased to partner with National Bank for this new chapter in our growth trajectory. This recurring revenue-based financing facility will provide Blackline with an even more flexible working capital strategy, ensuring that we are more prepared to scale our business and deploy connected safety and worker technologies to enterprises around the world,” said Shane Grennan, Chief Financial Officer of Blackline Safety.
“National Bank’s Technology and Innovation Banking Group is excited to partner with Blackline in support of its tremendous global growth story. This collaboration further demonstrates our unwavering commitment to Canada’s export economy and the opportunity to leverage Canada’s world class tech talent to build a stronger, more resilient economy,” said Irfan S. Daya, Managing Director of National Bank’s Technology and Innovation Banking Group for Central & Western Canada.
The financing facility consists of an operating line of credit of $15M with the borrowing base driven by Blackline’s monthly recurring revenue, providing Blackline with increased financial flexibility to support its day-to-day operations and continued global growth. As part of the financing facility, Blackline is partnering with National Bank of Canada for Canadian banking, including investments, foreign exchange transactions and operating accounts. The financing facility is secured, including by a general security agreement over the property of both Blackline Safety Corp. and its subsidiary Blackline Safety Europe Ltd.
About National Bank of Canada
With $332 billion in assets as at October 31, 2020, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,500 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 100 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
INVESTOR/ANALYST
Shane Grennan, CFO
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MEDIA
Heather Houston
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HOUSTON--(BUSINESS WIRE)--ECA MARCELLUS TRUST I (OTC Pink: ECTM) announced today that the Trust’s distribution for the quarter ended December 31, 2020 will be $0.009 per unit, which is expected to be distributed on or before February 26, 2021 to holders of record as of the close of business on February 23, 2021.
As previously disclosed, commencing with the distribution to unitholders paid in the first quarter of 2019, the Trustee has withheld, and in the future intends to withhold, the greater of $90,000 or 10% of the funds otherwise available for distribution each quarter to gradually build a cash reserve of approximately $1,800,000. This cash is reserved to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities of the Trust. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the trust agreement. Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities of the Trust eventually will be distributed to unitholders, together with interest earned on the funds. The Trustee has elected to withhold approximately $160,500 from funds otherwise available for distribution this quarter, as the Trustee had been unable to withhold sufficient funds toward the building of its targeted cash reserve over previous quarters because Trust expenses exceeded net revenues to the Trust for each of the quarters ended March 31, 2020 and June 30, 2020. As a result of the withholding for this quarter and the prior quarter, the Trustee was able to increase the cash reserve by the full $360,000 planned for the four quarters ended December 31, 2020.
The Trust was formed to own royalty interests in natural gas properties now held by Greylock Energy LLC, and certain of its wholly owned subsidiaries (“Greylock”) in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust is entitled to receive certain amounts of the proceeds attributable to Greylock’s interest in the sale of production from the properties. As described in the Trust's filings, the amount of the quarterly distributions is expected to fluctuate from quarter to quarter, depending on the proceeds received by the Trust as a result of production and natural gas prices and the amount of the Trust's administrative expenses, among other factors. The amount of proceeds received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have declined since the beginning of 2020 primarily attributable to the economic effects of the COVID-19 pandemic and could remain low for an extended period of time. Continued low natural gas prices 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.
Pursuant to IRC Section 1446, withholding tax on income effectively connected to a United States trade or business allocated to non-U.S. persons (“ECI”) should be made at the highest marginal rate. Under Section 1441, withholding tax on fixed, determinable, annual, periodic income from United States sources allocated to non-U.S. persons should be made at 30% of gross income unless the rate is reduced by treaty. This release is intended to be a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) by ECA Marcellus Trust I, and while specific relief is not specified for Section 1441 income, this disclosure is intended to suffice. For distributions made to non-U.S. persons, nominees and brokers should withhold at the highest effective tax rate.
This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unit holders. The anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from Greylock with respect to the relevant quarterly period. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither Greylock nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in Common Units issued by ECA Marcellus Trust I is subject to the risks described in the Trust's Annual Report on Form 10-K for the year ended December 31, 2019, and all of its other filings with the Securities and Exchange Commission. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's web site at http://www.sec.gov.
ECA Marcellus Trust I
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
1(512) 236-6555
BOSTON--(BUSINESS WIRE)--#LifeIsOn--Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced the launch of its Wholesale Building Management Distributor Program. This new formalized partner program highlights Schneider Electric’s commitment to providing the resources, incentives and support distributors need to sell more product, grow their business and increase revenue.
Core building parts such as HVAC controls, valves, sensors, thermostats and switches play a critical role in the health of a building, including ensuring proper ventilation and air quality. As offices and schools begin to reopen, repairing and replacing core building parts with reliable, open and connected solutions has never been more important. The Wholesale Building Management Distributor Program makes it easy for partners to offer mechanical contractors and facility managers products that are specifically designed to meet today’s demand for quality, reliable, affordable and energy efficient products.
Wholesale Building Management Systems (BMS) Distributors that sell Schneider Electric core building energy parts will be automatically enrolled in the program. All distributors that meet a minimum threshold will be able to access benefits, such as the industry’s first vendor-neutral training program for end users, while other financial incentives are available based on tier level. Distributors are assigned a Platinum, Gold, Silver or Priority tier level based on growth and volume targets.
"The agility and resiliency of our partners – particularly evident this past year – is unmatched, and we want to thank them for all of their hard work," said Justin Lavoie, Vice President of Channel Development at Schneider Electric. "We are thrilled to officially launch a program that rewards distributors for selling more products, and therefore, will grow our transactional business. Together, we are supporting buildings of the future and providing partners with reliable products that are critical building blocks for connected smart buildings.”
Partners will start earning a number of benefits based on their tier level immediately. These include:
HVAC can account for up to 40% of energy costs in a building, so optimizing those operations is critical. The breadth and depth of Schneider Electric’s valve portfolio has provided reliable environmental control to customers for over 100 years, and this new program will only make will make it easier for partners to support their customers with the right tools needed for efficient building management.
Learn more about the Wholesale Building Management Distributor Program
Partners can reach out to their dedicated Schneider Electric sales representative for additional details about Schneider Electric’s Wholesale Building Management Distributor Program.
If you are interested in becoming a Schneider Electric reseller, please contact us here.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on:
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Schneider Electric
Vicki True
Tel.: 774-613-1158
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LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) will issue its fourth quarter 2020 earnings release after the close of the New York Stock Exchange on Wednesday, February 24, 2021. The Company will also host its fourth quarter 2020 earnings release teleconference on Thursday, February 25, 2021, at 1 p.m. London time (8 a.m. New York time).
To participate in the conference call, you may call any of the following telephone numbers approximately 10 minutes prior to the scheduled start time:
France: +33 (0) 1 70 80 71 53
United Kingdom: +44 (0) 203 107 0289
United States: +1 844 304 0775
International (Other): +1 970 297 2369
Callers should reference Conference ID 1827659.
The event will be webcast simultaneously and can be accessed at https://edge.media-server.com/mmc/p/85eot37i.
Those interested in listening to the webcast should register on the website at least 10 minutes before the call begins.
An audio replay of the call will be available online at approximately 8 p.m. London time (3 p.m. New York time) on February 25, 2021.
About TechnipFMC
TechnipFMC is a global leader in the energy industry, delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 36,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President Investor Relations
+1 281 260 3665
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Phillip Lindsay
Director Investor Relations (Europe)
+44 (0) 20 3429 3929
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Media relations
Christophe Bélorgeot
Senior Vice President Corporate Engagement
+33 1 47 78 39 92
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Brooke Robertson
Public Relations Director
+1 281 591 4108
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HOPKINSVILLE, Ky.--(BUSINESS WIRE)--Commonwealth Agri-Energy (CAE) announced today production of high purity alcohol that meets and exceeds U.S. Pharmacopeia (USP)-Grade. “Our 190-proof PURE product is well below USP impurity limits,” General Manager Mick Henderson said in a statement. Located in Hopkinsville, KY, CAE undertook a major expansion in 2018 to increase fuel ethanol production to 45 million gallons per year. The company said that the modifications and added equipment during the expansion allowed them to quickly transition a portion of production to higher purity. “When the pandemic came to our door, we quickly realized our plant could be a bio-based sustainable solution for meeting increased sanitization demand. We have been meeting this demand since March 2020 and have been committed ever since to improving our quality,” Henderson added.
While many ethanol producers have ramped up or announced plans to bring new USP-grade production to the market, Henderson said that CAE has focused on markets beyond hand sanitizer, “It’s our ambition to further improve our 190 proof PURE quality to best in class Grain Neutral Spirits (GNS) in the coming months, increase that capacity from 5 to 10 million gallons per year, and do it energy efficiently. This commitment will allow us to diversify into the beverage market in which we are logistically advantaged to be cost competitive. In addition, we are focused on improving our 200-proof product that today meets Food Chemicals Codex (FCC)-Grade and will allow us to meet demand that requires 100% alcohol content.”
CAE has worked alongside their ethanol marketer, Eco-Energy, to sell their high purity alcohol into the market. “Producing a USP-grade product isn’t possible by most producers without a significant investment and long lead time. To witness them reach 5 million gallons per year of USP-grade production by August 2020 was impressive but not surprising knowing the company’s makeup over the last twelve years we have worked together,” said Ryan Strickland, Director of Alliance Marketing at Eco-Energy. “Eco-Energy is excited about the opportunity to grow CAE’s business for these high purity alcohol products. CAE is uniquely located to serve regional demand and we hope this is just the beginning for their evolving business with us,” said Eco-Energy CEO Craig Willis.
Sales Inquiries: Ryan Strickland This email address is being protected from spambots. You need JavaScript enabled to view it.
Technical Inquiries: Mick Henderson This email address is being protected from spambots. You need JavaScript enabled to view it.
About Commonwealth Agri-Energy
Commonwealth Agri-Energy, LLC is proudly owned by the 3,500 members of the Hopkinsville Elevator Cooperative. This year, CAE will use over 15,000,000 Bushels of Corn to produce: 45,000,000 Gallons of Ethanol for Fuel/Industrial/Pharmaceutical/Beverage Markets, Distillers Dried and Wet Grains, Animal Feed Grade Distillers Corn Oil (also used for biodiesel) and CO2 for carbonated beverage and dry ice production. To learn more, visit us at www.commonwealthagrienergy.com
Sales Inquiries: Ryan Strickland This email address is being protected from spambots. You need JavaScript enabled to view it.
Technical Inquiries: Mick Henderson This email address is being protected from spambots. You need JavaScript enabled to view it.
DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the commencement of an underwritten public offering of an aggregate of 8,700,000 shares of its Class A common stock by R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. (collectively, the “Selling Stockholders”). Liberty will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 1,305,000 shares of Class A common stock.
Morgan Stanley is acting as the underwriter for the offering.
The offering of these securities will be made only by means of a prospectus supplement. When available, a copy of the prospectus supplement and the accompanying base prospectuses may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
The offering is being made pursuant to an effective shelf registration statement and prospectuses filed by Liberty with the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado.
Forward-Looking and Cautionary Statements
The information above includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the SEC. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 27, 2020 and Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020 and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.
Michael Stock
Chief Financial Officer
303-515-2851
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