LONDON--(BUSINESS WIRE)--#apac--SpendEdge forecast the global Natural Gas Utilities market is expected to grow by USD 259 billion as we reach 2024. This is due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 5.11%.
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Natural Gas Utilities 2020-2024: Scope
SpendEdge presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The Natural Gas Utilities market report covers the following areas:
Natural Gas Utilities Market Geographic Landscape Outlook
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Natural Gas Utilities Market 2020-2024: Key Highlights
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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NEW YORK--(BUSINESS WIRE)--$QQC--Paul Kim and David M. Berns, Ph.D, co-founders of Simplify Asset Management (“Simplify”) have announced the launch of four new bleeding-edge ETFs in the following areas: financial technology, pop culture and media, robotic cars and clean energy along with cloud and cybersecurity.
Details for the ETFs are now live at simplify.us/etfs.
The pace of technological disruption is faster than ever. Nimbler, tech-savvy companies are pulling ahead of slower peers in an increasingly winner-take-all market. The best firms are not just disrupting existing industries but creating brand-new ones. Firms able to deliver growth in a slow-growth world command premium valuation.
“Increased globalization, the ubiquity of broadband, greater access to capital, and the unprecedented pace of technological disruption create ‘winner take all’ dynamics in industries,” explained Kim, chief executive officer. “Winning firms are growing faster and being rewarded with rich valuations. Thematic ETFs have benefited from investor demand for greater exposure to the technology-driven winners and industries.”
Dr. Berns, chief investment officer, added, “At Simplify we are focused on first principles investing. Thematic portfolios are essentially trying to concentrate in likely winners. We try to identify firms that have important technological or cultural edges and provide meaningful concentration to their stock price. We combine concentrated stock exposure with call options to add ‘convexity.’ But because of the inherent volatility of growth stocks we also incorporate risk management, diversification and downside hedges as a way to smooth out the experience of concentrated portfolios.”
“Our thematic ETFs are designed to be an attractive alternative to watered down thematic ETFs that try to buy every company in a particular theme. We believe in concentration for upside potential,” added Kim. “We also believe concentrated, professionally managed ETFs are an attractive alternative to single stock or options for many investors.”
Prior to co-founding Simplify in September 2020, Kim was a portfolio manager and managing director at Principal Global Investors from 2015 to 2020, where he founded and led Principal’s ETF business segment. Kim has a bachelor’s degree from Dartmouth and a master’s degree in business from the Wharton School at the University of Pennsylvania.
Prior to Simplify, Dr. Berns founded Portfolio Designer, LLC, a company that specializes in portfolio design and from 2018 to 2019 he was a managing director at Nasdaq Dorsey Wright. Prior to Nasdaq Dorsey Wright, he founded and developed a company that specializes in proprietary trading. Dr. Berns is the author of Modern Asset Allocation for Wealth Management, published by Wiley Finance, and holds a Ph.D. in physics from the Massachusetts Institute of Technology in the field of quantum computation.
About the Simplify Asset Management Inc.
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.
Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (855) 772-8488, or visit SimplifyETFs.com. Please read the prospectus carefully before you invest. An investment in the fund involves risk, including possible loss of principal. Past performance does not guarantee future results.
An investment in the fund involves risk, including possible loss of principal.
Simplify ETFs are distributed by Foreside Fund Services, LLC.
Simplify Asset Management Inc.
Alexis Cohen, 415-717-4516
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DUBLIN--(BUSINESS WIRE)--The "Marine Cables and Connectors - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Marine Cables and Connectors Market to Reach $15 Billion by 2027
Amid the COVID-19 crisis, the global market for Marine Cables and Connectors estimated at US$10.7 Billion in the year 2020, is projected to reach a revised size of US$15 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027.
Cable, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$10.7 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 Connector segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U. S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 4.8% CAGR
The Marine Cables and Connectors market in the U. S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 4.8% 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 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
The 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.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
IV. COMPETITION
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LONDON--(BUSINESS WIRE)--As indicated in BPC’s announcement of Thursday, 24 December 2020, on that day, at a hearing of the Court, the Honourable Justice Petra Hanna-Weekes, following her consideration of the relevant documents, refused the Applicants leave to apply for judicial review of the decision by the Government of The Bahamas in February 2020 to grant BPC Environmental Authorisation to proceed with the drilling of Perseverance #1. The application had been brought by certain environmental groups.
This ruling was made ‘on the papers’ – that is, solely on the basis of written materials provided by parties to the Court, without any parties making oral submissions.
Following that ruling, the Court also refused the Applicants’ request for a stay order (halt) to BPC’s drilling activities.
The question of whether BPC’s request to be added as an interested party to the proceedings was adjourned, as was the Applicant’s application for judicial review of more recent decisions by the Government of The Bahamas.
The lawyer acting for the environmental groups indicated that they would renew their application for leave following the refusal.
In response, and as advised in BPC’s announcement of 24 December 2020, the Honourable Justice Petra Hanna-Weekes indicated that written reasons for her ruling would be provided on or around 29 December 2020, and that there would be a further hearing on that date, but that the precise nature of that further hearing would be notified to the parties and BPC on Saturday, 26 December 2020.
Consequent to this, on 26 December 2020 the Honourable Justice Petra Hanna-Weekes advised the parties and BPC that a session of the Court will be convened on Tuesday, 29 December 2020, to hear oral arguments from the parties, limited strictly to those matters already set out in papers previously submitted to Court. BPC’s application to be added as party will be addressed at a further court hearing on 6 January 2021.
As advised, the ruling of the Court on 24 December 2020 means that drilling of the Perseverance #1 well in The Bahamas, currently underway since 20 December 2020, has continued.
BPC will provide a further update following the Court hearing on 29 December 2020.
Hugo Liddy
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LONDON--(BUSINESS WIRE)--#GlobalSubseaProductionandProcessingMarket--The subsea production and processing market is expected to grow by USD 6.73 billion, progressing at a CAGR of almost 6% during the forecast period.
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The advances in subsea processing is one of the major factors propelling market growth. However, factors such as fluctuating crude oil prices owing to cancellation or delay of oil and gas drilling activities will hamper the market growth.
More details: https://www.technavio.com/report/subsea-production-and-processing-market-industry-analysis
Subsea Production And Processing Market: Application Landscape
Based on the product landscape, the shallow water segment is expected to post significant growth during the forecast period.
Subsea Production And Processing Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 34% of the market’s overall growth is expected to originate from APAC. China is the key market for Subsea Production and Processing in APAC.
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Companies Covered:
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Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#GlobalGasStationEquipmentMarket--The new gas station equipment market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the gas station equipment market.
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"One of the primary growth drivers for this market is the increased number of gas stations,” says a senior analyst for the industrials industry at Technavio. The vendors should focus on growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the gas station equipment market size to grow by USD 42.49 billion during the period 2020-2024.
Gas Station Equipment Market Segment Highlights for 2020
Regional Analysis
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Notes:
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The deployment is a unique collaboration between two leading Zayed Sustainability Prize winners to provide sustainable energy solutions to fishing communities
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--The UAE-led humanitarian initiative, 20by2020, continues to extend sustainable solutions to various parts of the world with the latest deployment in Pulau Laut Selatan - South Kalimantan, Indonesia. The objective of this deployment is to provide 20,700 people from a large fishermen community with improved energy access through off-grid solar lighting.
Pulau Laut Selatan is in the Kota Baru Regency (Borneo), where a quarter of the population still live in the dark, and most households earn their living by fishing. 3,600 solar lanterns and 1,000 mobile-charging solar lanterns will be distributed to fishermen living without access to electricity to assist them and their families with household lighting and income generation, enabling greater economic activities by fishing early in the morning and at night.
Additionally, the lanterns will improve health conditions by replacing kerosene lamps, a basic indoor power source for most households in unelectrified areas, along with candles and diesel generators that can adversely affect people’s safety, the environment, and levels of productivity.
This deployment represents a unique collaboration between two leading Zayed Sustainability Prize winners. D.light is a 2013 Prize winner and a US-based pioneer in delivering affordable solar-powered solutions for households and small businesses that have been commissioned to provide the technology for 20by2020. Kopernik, is an Indonesian non-profit organisation and the 2016 Zayed Sustainability Prize winner which specialises in sustainable energy. Its mandate is to reduce poverty in last mile communities. Kopernik was in charge of implementing the project in the field.
H.E Ahmed Ali Al Sayegh, UAE Minister of State and Chairman of Abu Dhabi Global Market (ADGM), a founding partner of the 20by2020 initiative said: “The UAE and Indonesia are aligned with the UN 2030 agenda and share a common focus on building sustainable cities and communities and supporting vital growth sectors.”
H.E Al Sayegh added, “Over the years, both countries have embarked on several joint sustainability projects that are designed to build resilient societies and economies. The latest 20by2020 deployment of environmentally friendly solar solutions in Indonesia’s South Kalimantan region aims to enhance the quality of life for local residents and will also help to connect unelectrified populations to the grid. We are glad to be part of this meaningful initiative and outreach. ”
H.E. Mr. Arifin Tasrif, Minister for Energy and Mineral Resources of Indonesia, said: “We welcome and appreciate the support extended by the 20by2020 initiative and its partners to the people of South Kalimantan. The leadership of the United Arab Emirates Government, showcased through the Zayed Sustainability Prize, complements our Ministry’s programmes of accelerating the deployment of solar energy since 2017.”
“We strongly believe that this donation will effectively support the Indonesian Government to achieve our target of 23% new and renewable energy in the energy mix and help lead the country’s transition to a cleaner energy future. We would like to extend our appreciation to the United Arab Emirates and we hope that we can continue to work closely together in the field of new and renewable energy to achieve our shared vision of a sustainable future,” he added.
Established in December 2019, 20by2020 is a natural extension of the Zayed Sustainability Prize’s commitment to work with its winners and finalists by continuing to support their goals and allowing their solutions to reach a much wider number of people around the globe.
20by2020 is led by the Zayed Sustainability Prize in partnership with Abu Dhabi Global Market, Abu Dhabi Fund for Development, Mubadala Petroleum, the UAE Ministry of Tolerance and Coexistence, Masdar, and BNPP Paribas; the most recent partner to join the initiative and the first international private company.
The initiative exemplifies the commitment of its partners to enable sustainable development at home in the UAE, and abroad, and is complemented by the inspiring work powered by some of these partners in parallel on the ground. In Indonesia, since 2015 Mubadala Petroleum has provided over 174 scholarships to students from fishing communities in Kotabaru, South Kalimantan to pursue higher education at the Kotabaru Polytechnic, while funding has also been provided for soft skills and safety training for students.
Mubadala Petroleum has also been engaging with local fishermen in West Sulawesi since 2014 to support the deployment of artificial fish aggregating devices (rumpon) in the Makassar Strait and fishing lighting technology opening new fishing grounds and additional income sources. In 2018, Mubadala Petroleum funded a skills empowerment training programme for fishermen’s wives in this coastal area, in addition to implementing a Waste Management project which saw the introduction of a waste bank and reuse-recycle waste activities. The project not only improved the village’s environment but also empowered women in the community to generate additional income by producing recycled products and marine-based goods that they could then sell at the local market.
Dr Bakheet Al Katheeri, CEO of Mubadala Petroleum, a founding partner of the initiative, commented: “As a partner in the 20by2020 initiative, we are proud of all the work to date to support disadvantaged communities around the world. This deployment in South Kalimantan in Indonesia will harness the power of innovative technologies to enable sustainable solutions for the local fishing community. Since 2014, we have been involved in empowering this community through a range of well-established projects designed to enhance education, environmental and development goals. Our involvement in the 20by2020 initiative complements these efforts and we look forward to seeing the real-world impact on local communities as these schemes progress.”
Eight deployments have been rolled out to date, including energy, health, water and food solutions in Cambodia, Madagascar, Egypt, Jordan, Nepal, Tanzania, and Uganda. 20by2020 will conclude its 1st phase with a project in Costa Rica and additional solutions will be deployed in another 10 countries as part of phase two.
*Source: AETOSWire
Medhat Juma
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LONDON--(BUSINESS WIRE)--#GlobalDieselRotaryUPSDRUPSMarket--The diesel rotary UPS (DRUPS) market is expected to grow by USD 25.76 million, progressing at a CAGR of over 2% during the forecast period.
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The rapid growth in the construction of data centers is one of the major factors propelling market growth. However, factors such as the environmental impact of DRUPS will hamper market growth.
More details: https://www.technavio.com/report/diesel-rotary-ups-market-industry-analysis
Diesel Rotary UPS (DRUPS) Market: Type Landscape
Based on the type, the 1000-2000 kVA segment saw maximum growth in 2019. Factors such as greater energy efficiency are driving the market segment. The growth in this segment will be significant during the forecast period.
Diesel Rotary UPS (DRUPS) Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 39% of the market’s overall growth is expected to originate from APAC. China and Japan are the key markets for diesel rotary UPS in APAC. are the key markets for diesel rotary UPS (DRUPS) in APAC.
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Companies Covered:
What our reports offer:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
DUBLIN--(BUSINESS WIRE)--The "Autonomous Ships 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 concept of autonomous cargo ships has been into existence since decades. The concept has gained momentum with the advent of advanced sensor technology enabling the development of driverless cars and unmanned aircraft. Autonomous ships are unmanned vessels that are operated remotely from control stations onshore. This virtually eliminates the need for any human personnel onboard.
Autonomous ships are based on three basic components viz. sensor combination, control algorithm and communication. Sensor combination includes fusing different types of radars, thermal imaging sensors, LiDAR, visual cameras and several other sensors. The data gathered from all of the aforementioned devices is used to gain an accurate perspective of the surrounding conditions. Control algorithm is designed to analyze the data gathered from sensor network for navigation and collision avoidance. The communication module is responsible for connectivity with satellite and control station.
The overall autonomous ships market is expected to be driven by the enhanced operation offered by these vessels over conventional manual vessels. Autonomous ships are believed to be capable of reducing operating costs by nearly 20%. In addition, autonomous ships eliminate the possibility of human errors, thereby reducing the number of accidents. Furthermore, the market growth is also expected from the rising military budgets over unmanned systems. Rising technological advancement is estimated to provide substantial boost to the adoption of autonomous ships across the defense sector. Nevertheless, lack of regulatory framework and threat of cyber-attacks pose significant challenge to the market growth.
The report titled "Global Autonomous Ships Market- Growth, Future Prospects and Competitive Analysis, 2020 - 2028" offers strategic insights into the global autonomous ships market along with the market size and estimates for the duration 2018 to 2028. The said research study covers in-depth analysis of multiple market segments based on type, application and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
Companies Mentioned
Other in-depth analysis provided in the report includes:
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Autonomous Ships Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y)
3.2 Market Inclination Insights
3.2.1 Heavy research and development in autonomous ships
3.3 Market Drivers
3.3.1 Enhanced operation of autonomous ships over manual ships
3.3.2 Increasing expenditure over autonomous vehicles from the defense sector
3.4 Challenges
3.4.1 Security threats and regulatory framework
3.5 Future Prospects
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
Chapter 4 Global Autonomous Ships Market, By Type
4.1 Overview
4.1.1 Global Autonomous Ships Market Revenue Share, By Type, 2019 & 2028 (% Value)
4.1.2 Attractive Investment Proposition, By Type
4.2 Partially Autonomous Ships
4.2.1 Global Partially Autonomous Ships Market Revenue, 2018 - 2028, (US$ Bn)
4.3 Fully Autonomous Ships
4.3.1 Global Fully Autonomous Ships Market Revenue, 2018 - 2028, (US$ Bn)
Chapter 5 Global Autonomous Ships Market, By Application
5.1 Overview
5.1.1 Global Autonomous Ships Market Revenue Share, By End-use Application, 2019 & 2028 (% Value)
5.1.2 Attractive Investment Proposition, By Application
5.2 Commercial
5.2.1 Global Autonomous Ships Market Revenue for Commercial Applications, 2018 - 2028, (US$ Bn)
5.3 Military & Security
5.3.1 Global Autonomous Ships Market Revenue for Military & Security Applications, 2018 - 2028, (US$ Bn)
Chapter 6 North America Autonomous Ships Market Analysis
Chapter 7 Europe Autonomous Ships Market Analysis
Chapter 8 Asia Pacific Autonomous Ships Market Analysis
Chapter 9 Rest of the World Autonomous Ships Market Analysis
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/6ahs7u
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Laura Wood, Senior Press Manager
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TAIPEI, Taiwan--(BUSINESS WIRE)--At the end of 2020, a tanker carrying the first cargo of crude oil produced from the Chadian Oryx Concession operated by CPC Corporation, Taiwan (CPC) arrived in Taiwan, demonstrating CPC’s expertise and capabilities in managing the exploration, development and production of oil and gas reserves overseas. With this milestone achievement, CPC is announcing its vision to explore and produce oil and gas globally.
As Taiwan’s state-owned enterprise and the largest energy group, CPC is responsible for ensuring the nation’s energy security, supplying oil and gas, stabilizing prices, and securing the sustainable development of the national economy and people’s livelihood, as well as promoting economic development. At the same time, it continues to foster an international outlook. Currently, it has exploration cooperation agreements with international oil companies in a total of eight blocks in six countries, including the United States, Indonesia, Chad, Niger, Ecuador, and Australia. Among them, the assets of Australia, Niger, Chad, and Ecuador are in production phase.
Guided by Taiwan’s New Southbound Policy, CPC is also seeking opportunities for oil and gas joint venture projects in Southeast Asian countries, and is studying and assessing whether Indonesia, Malaysia, Myanmar and other countries have suitable oil and gas potential areas for further foreign investment. On the other hand, it is also actively considering acquiring U.S. shale assets through joint ventures or mergers and acquisitions.
Established 74 years ago, CPC is listed as one of the 500 largest companies in the world by Fortune magazine. It is an integrated energy group covering the upper, middle, and downstream petroleum sectors business.
Luo Tsuei-yi
886-2-5051180 ext.680
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Start-up Companies to Action - Issue 19" report has been added to ResearchAndMarkets.com's offering.
The upstream oil and gas industry is increasingly focused on cutting costs and improving recovery rates through radical innovation and digital transformation. The Start-up Tracker is a resource to help the upstream industry identify providers with specific solutions to industry challenges.
The tracker provides a rich database of start-up companies that have an industrial application or an application for another industry that can be translated into upstream oil and gas. Each issue contains detailed company profiles, an analyst viewpoint, and an overall score for every start-up included.
In addition, the publisher provides guidance on potential acquisitions, investments, partnerships, and implementation for clients.
Key Topics Covered:
1. Executive Summary
2. Companies to Action
3. The Last Word
For more information about this report visit https://www.researchandmarkets.com/r/qfsdjw
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LONDON--(BUSINESS WIRE)--BPC advises that the Supreme Court of The Bahamas has issued a ruling refusing leave in relation to an application for an extension of time to apply for Judicial Review of the decision by the Government of The Bahamas to grant BPC Environmental Authorisation to proceed with the drilling of Perseverance #1, and an associated stay of BPC’s activities. The Application was brought by environmental activists against the Government of The Bahamas.
The Court has indicated that written reasons for this ruling will be provided on or around 29 December 2020, and that there will be a further hearing on that date. The precise nature of the further hearing will be notified to the parties and BPC on 26 December 2020.
The ruling of the Court means that progress of drilling of the Perseverance #1 well in The Bahamas can continue unimpeded. As previously advised drilling of the well commenced on 20 December 2020, and is expected to be completed within 45-60 days of commencement, targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels.
Hugo Liddy
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DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Tradewinds to Energy North Incorporated (ENG).
Located in Bangor, Maine, Tradewinds is a locally owned and operated business with 15 convenient locations across the state. The stores offer premium Citgo fueling stations with ethanol-free options, as well as retail shops and popular eateries for customers to enjoy such as Dunkin’ Donuts and Tradewinds’ own Anchor Deli brand. Craft beers and wines sourced from Maine and the world over are also available. Several locations also feature car washes.
Based in Lawrence, Massachusetts, ENG operates 52 gas stations, convenience stores, car washes and food service locations. “We are excited to welcome the Tradewinds employees and customers from ten properties into the ENG family,” said Jeff Black, Owner & COO, ENG. “We’re looking forward to expanding our gas station, convenience store, car wash and food service footprint within Maine.”
As one of the largest wholesale distributors of fuel in the New England and Upstate New York areas, ENG offers all of the major brands, including: Exxon, Mobil, Sunoco, Gulf and Citgo while continuing to grow its Haffner’s and new Tradewinds proprietary brand. The Haffner’s brand also distributes oil and propane while providing burner service to nearly 50,000 customers in Massachusetts, New Hampshire and Southern Maine. Gasoline, diesel, oil and propane are transported through its sister company, ABS Fuel Systems. Over the past decade, ENG has grown rapidly because of its many successful acquisitions. For more information, please visit www.EnergyNorthGroup.com or www.Haffners.com.
Generational Equity Executive Managing Director and M&A-Technology Practice Leader David Fergusson and his team, led by Managing Director, M&A Moses Shmueli and Vice President M&A, Tristan Keefe, successfully close the deal. Senior Managing Director Brian Hendershot established the initial relationship with Tradewinds.
“The combination of these family-run businesses was a very logical fit, not only from the perspective of shared core values of providing superior customer experience, treating employees like family, and giving back to the community, but also geographically, as ENG has been acquiring assets in New England and bolstering its presence in Maine,” said Shmueli.
“The acquisition will allow the owners, Chuck and Belinda Lawrence, to focus on running their core supermarket businesses, knowing their customers and employees will be in the good hands of Jeff Black and his family, providing it with the resources needed to continue to grow, thrive and benefit the communities where they do business,” added Shmueli.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
For more information:
Carl Doerksen
972-232-1125
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DUBLIN--(BUSINESS WIRE)--The "Geosteering Services Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Geosteering services market is expected to grow at a CAGR of more than 3% over the period of 2020-2025.
Factors such as an increase in the complexity of wellbore due to increased depth and use of multiple horizontal wells, increasing the number of rigs, and rising production of natural gas is expected to drive the market. However, the volatility of crude oil and natural gas is expected to restrain the market's growth.
Companies Mentioned
Key Market Trends
Rotary Steerable System to Witness Growth
Having better surface control through the rotary steerable system may allow more maneuverability to geosteer through complex geology, minimize seismic uncertainty, and make informed geosteeering decisions to place your wells in the specific zones. This provides real-time control and insight to help enhance zonal understanding and get the most out of the well at the lowest cost. Aiding the growth of the oil and gas production increase the company's reliability of the geosteering services market.
North America to Dominate the Market
North America region is among the largest geosteering services market and is expected to continue its dominance in the coming years. The region consists of major oil and gas oil production basins in the world, which provide fertile ground for further growth in the industry.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD Billion, till 2025
4.3 Crude Oil Production and Consumption Forecast, in thousands barrels per day, till 2025
4.4 Natural Gas Production and Consumption Forecast, in billion cubic feet per day, till 2025
4.5 Recent Trends and Developments
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.7.1 Drivers
4.7.2 Restraints
4.8 Supply Chain Analysis
4.9 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Equipment
5.1.1 LWD Tools and Technologies
5.1.2 MWD Tools and Technologies
5.1.3 Rotary Steerable Systems
5.1.4 Drive Systems
5.1.5 3D Seismic Model
5.1.6 Others
5.2 Geography
5.2.1 North America
5.2.2 Asia-Pacific
5.2.3 Europe
5.2.4 South America
5.2.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/52y1no
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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Technology Landscape, Trends and Opportunities in the Global Electric Vehicle Battery Market" report has been added to ResearchAndMarkets.com's offering.
The technologies in electric vehicle battery have undergone significant change in recent years, with non-rechargeable to rechargeable electric vehicle batteries. The rising wave of new technologies, such as nickel-cadmium batteries, nickel-metal hydride batteries, sodium-nickel chloride batteries, and lithium-ion batteries are creating significant potential for electric vehicle battery applications due to reduced emission, betterment for the environment, health benefits, and safety improvements.
In this market, various technologies, such as lead-acid battery, nickel-cadmium battery, nickel-metal hydride battery, sodium-nickel chloride battery, and lithium-ion battery technologies, are used in battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Growing demand for zero emission vehicles and decreasing cost of electric vehicle battery systems are creating opportunities for various electric vehicle battery technologies.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the electric vehicle battery market.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global electric vehicle battery technology by application, technology, and region.
Some of the electric vehicle battery companies profiled in this report include Samsung Sdi, Quallion, Boston-Power, and LG Chem Power.
This report answers the following 9 key questions:
Key Topics Covered:
1. Executive Summary
2. Technology Landscape
2.1. Technology Background and Evolution
2.2. Technology and Application Mapping
2.3. Supply Chain
3. Technology Readiness
3.1. Technology Commercialization and Readiness
3.2. Drivers and Challenges in Electric Vehicle Battery Technologies
3.3. Competitive Intensity
3.4. Regulatory Compliance
4.Technology Trends and Forecasts Analysis from 2013-2024
4.1. Electric Vehicle Battery Opportunity
4.2. Technology Trends (2013-2018) and Forecasts (2019-2024)
4.2.1. Lead-Acid Battery
4.2.2. Nickel-Cadmium Battery
4.2.3. Nickel-Metal Hydride Battery
4.2.4. Sodium-Nickel Chloride Battery
4.2.5. Lithium-Ion Battery
4.3. Technology Trends (2013-2018) and Forecasts (2019-2024) by Application Segments
4.3.1. Battery Electric Vehicle
4.3.1.1. Lead-Acid Battery
4.3.1.2. Nickel-Cadmium Battery
4.3.1.3. Nickel-Metal Hydride Battery
4.3.1.4. Sodium-Nickel Chloride Battery
4.3.1.5. Lithium-Ion Battery
4.3.2. Hybrid Electric Vehicle
4.3.2.1. Lead-Acid Battery
4.3.2.2. Nickel-Cadmium Battery
4.3.2.3. Nickel-Metal Hydride Battery
4.3.2.4. Sodium-Nickel Chloride Battery
4.3.2.5. Lithium-Ion Battery
4.3.3. Plug-in Hybrid Electric Vehicle
4.3.3.1. Lead-Acid Battery
4.3.3.2. Nickel-Cadmium Battery
4.3.3.3. Nickel-Metal Hydride Battery
4.3.3.4. Sodium-Nickel Chloride Battery
4.3.3.5. Lithium-Ion Battery
5.Technology Opportunities (2013-2024) by Region
6.Latest Developments and Innovations in the Electric Vehicle Battery Technologies
7. Companies/Ecosystem
7.1. Product Portfolio Analysis
7.2. Market Share Analysis
7.3. Geographical Reach
8.Strategic Implications
8.1. Implications
8.2. Growth Opportunity Analysis
8.2.1. Growth Opportunities for the Electric Vehicle Battery Market by Technology
8.2.2. Growth Opportunities for the Electric Vehicle Battery Market by Application
8.2.3. Growth Opportunities for the Electric Vehicle Battery Market by Region
8.3. Emerging Trends in the Electric Vehicle Battery Market
8.4. Disruption Potential
8.5. Strategic Analysis
8.5.1. New Product Development
8.5.2. Capacity Expansion of the Electric Vehicle Battery Market
8.5.3. Mergers, Acquisitions, and Joint Ventures in the Electric Vehicle Battery Market
9.Company Profiles of Leading Players
9.1. Samsung Sdi
9.2. Quallion
9.3. Boston-Power
9.4. LG Chem Power
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/m7xn5s
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Oilfield Power Generation Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The oilfield power generation market is expected to rise at a CAGR of more than 1.5% during the forecast period of 2020-2025.
Factors such as a reduction in the drilling cost and an increase in the deepwater and ultra-deepwater activities are likely to drive the oilfield power generation market. However, the volatile oil prices slowing down the upstream sector are expected to restrain the oilfield power generation market.
Companies Mentioned
Key Market Trends
Onshore Segment Expected to Dominate the Market
Oil field operations typically operate away from traditional infrastructure, making it impossible for reliable access to electricity. A lack of existing roadways and communication lines makes it nearly impossible to manage effectively. More commonly, these locations typically lack any access to power. To modernize and add these components, oil field operators would be forced to invest significantly. And, as a result, it is simply not financially feasible. For the above reason, the oilfield power generation methods come in hand, which is more reliable and cost-effective. Companies use various equipment such as diesel and natural gas generators.
North America Expected to Dominate the Market
North America, due to its rapid increase in crude oil and natural gas production in the world, held a significant share in the market. In 2019, North America produced is approximately 24.9% of the global crude oil production.
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 Source
5.1.1 Diesel
5.1.2 Natural Gas
5.1.3 Others
5.2 Area of Generation
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/p88mzq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The IIF Taskforce on Scaling Voluntary Carbon Markets recommends price reporting agencies provide OTC markets with increased transparency
ROCKVILLE, Md.--(BUSINESS WIRE)--OPIS, an IHS Markit (NYSE: INFO) company and the leading benchmark provider for emissions and carbon markets data, will launch today the world’s first comprehensive daily pricing suite for global voluntary carbon offset credits to advance the global initiative to reduce greenhouse gas emissions. The OPIS Global Carbon Offsets Report will bring greater transparency to the voluntary REDD+ credits and CORSIA-eligible offsets markets, providing pricing solutions to stakeholders engaged in net-zero and emissions reduction strategies.
The new information service will include daily price assessments for voluntary carbon credits produced by nature-based projects for Reducing Emissions from Deforestation and Forest Degradation (OPIS Voluntary REDD+ Credits), as well as CORSIA Eligible Offsets (OPIS CEO) that reflect methodologies specified by the International Civil Aviation Organization (ICAO) for assets that comply with the Carbon Offsetting and Reduction Scheme for International Aviation program. The report will also include daily assessments for California Carbon Offsets (OPIS CCO) and CCO with a Direct Environmental Benefit in the State (OPIS DEBS CCO).
“The increasing number of net-zero commitments by countries and corporations underpins the demand for transparent benchmark pricing for voluntary carbon credits,” said Fred Rozell, president, OPIS by IHS Markit. “To achieve emissions-reduction goals set forth in the Paris Agreement, the market is primed to grow exponentially by 2030. The OPIS Global Carbon Offsets Report will send a reliable price signal to the industry, enabling developers of nature-based projects to secure financing, which is paramount for the markets to scale. As we embark on 2021 and look forward to the COP26, OPIS is excited to lead the way in helping to unlock the potential of the carbon offsets markets.”
The Institute of International Finance (IIF) Taskforce on Scaling Voluntary Carbon Markets in its November 2020 Consultation Document estimated that voluntary carbon markets need to increase by at least 15-fold to meet the growing demand from companies with carbon neutrality goals. The Taskforce said that the voluntary carbon over-the-counter (OTC) market would benefit from price transparency provided by a price reporting agency. IHS Markit is a member of the IIF Taskforce on Scaling Voluntary Carbon Markets.
The OPIS Global Carbon Offsets Report includes 27 voluntary carbon offset credits physical assessments as well as 10 compliance offsets physical assessments. OPIS Voluntary REDD+ Credit prices reflect credits certified by Verra (VCS) that include validation under the Climate, Community & Biodiversity Standards (CCB). OPIS CEO prices reflect credits eligible for compliance under the ICAO Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) program. OPIS CCO and DEBS CCO prices reflect offsets issued by California’s Air Resources Board for compliance with the state’s Cap-and-Trade program.
“Our team of dedicated carbon market experts committed 2019 and 2020 to extensive consultation with dozens of voluntary carbon industry stakeholders,” said Linda Herbert, vice president, OPIS by IHS Markit. “This critical engagement resulted in the design of a robust methodology that accurately reflects fair-market value for forestry credits and CORSIA-eligible offsets. OPIS is confident that its full suite of voluntary carbon indices addresses the challenges that stakeholders currently experience from a lack of transparent pricing. With this launch, OPIS solidifies its commitment to addressing the pricing needs of rapidly developing global carbon markets.”
The OPIS voluntary and compliance carbon markets assessments reflect confirmed bids, offers and trades reported by approved traders, brokers and electronic platforms. OPIS Voluntary REDD+ Credits, CEO, CCO and DEBS CCO are assessed in U.S. dollars per metric ton ($/mt). Full details about the OPIS voluntary and compliance carbon methodologies can be found in OPIS Carbon Market Pricing.
OPIS began providing daily price transparency for North America’s compliance carbon markets in 2014 and remains the relied-upon price reporting agency, benchmarked by the California transportation fuels industry, to provide accurate assessments for the state’s Cap-and-Trade and Low Carbon Fuel Standard programs. OPIS assessments for California Carbon Allowances (OPIS CCA) and Regional Greenhouse Gas Initiative Allowances (OPIS RGGI) underly the IHS Markit Global Carbon Index (GLCARB), which serves as a benchmark to the KFA Global Carbon ETF (KRBN) that launched to the New York Stock Exchange this year.
OPIS Global Carbon Offsets Report publishes daily to meet the demand for a price reporting agency to provide a benchmark for global carbon offset credits. It is the only carbon price suite that enables global voluntary carbon project developers, traders, marketers and investors to accurately identify a fair value for their assets.
For further information about the OPIS Global Carbon Offsets Report, contact Lisa Street, associate director, OPIS at This email address is being protected from spambots. You need JavaScript enabled to view it.
About OPIS (www.opisnet.com)
Oil Price Information Service (OPIS) by IHS Markit (NYSE: INFO) provides accurate pricing, real-time news and expert analysis across the global fuel supply chain. Leveraging data from its spot, rack and retail market sources, OPIS enables its customers to buy and sell oil, gas and petrochemical products with confidence across the globe.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.
News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
+1 303 858 6417
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ALLENTOWN, Pa.--(BUSINESS WIRE)--ProModel Corporation a leading provider of simulation based predictive & prescriptive analytic decision support solutions spun off the Government Services Business to a leading provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions to the U.S. Government. This sale enables ProModel Corporation to focus growth on our portfolio of leading-edge Commercial-Off-The-Shelf software (COTS). ProModel’s COTS Simulation Software solutions help organizations optimize processes and resource decisions that best align with business strategy.
“The direction going forward is to focus on recurring revenue growth. The sale of the Government Services Business will provide ProModel the resources to invest in expanding key product solutions; Shipyard AI™ used to optimize shipyard schedules, FutureFlow Rx® used to optimize patient flow through hospitals, Enterprise Portfolio Simulator used to optimize project portfolios and Autodesk versions of our flagships products ProModel and Process Simulator,” says Keith Vadas, ProModel’s President and CEO. “We look forward to accelerating investment in our current Product Portfolio enabling our client’s access to enhanced industry leading solutions.”
About ProModel Corporation
ProModel Corporation based in Allentown PA, was founded in 1988, ProModel Corporation specializes in commercial off the shelf software to help organizations optimize portfolios, projects, processes and resource decisions that best align with business strategy. For more information, please visit www.promodel.com.
Steve Haekler
610-628-6842
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Hanwha Systems investment promotes development of LEO antenna solutions for South Korean markets and beyond
REDMOND, Wash.--(BUSINESS WIRE)--Kymeta (www.kymetacorp.com) — the communications company making mobile global — announced today that Hanwha Systems (HSC) (www.hanwha.com), a leading global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, has signed an agreement to invest $30 million to back the development of Kymeta’s next generation solutions, the Kymeta u8™ and Kymeta Connect™.
The investment will further Kymeta’s global market reach, accelerate production of Kymeta products and solutions, and improve the overall growth trajectory of the company. The funding is anticipated to support increased unit production, an enhanced customer experience, and the ongoing development of Kymeta’s next generation capabilities. HSC aims to support Kymeta’s metamaterial-based antenna technology and gain a foothold in the rapidly growing Low Earth Orbit (LEO) antenna market. With the capital investment and upon regulatory approvals, HSC will also receive a seat on the Kymeta Board of Directors.
“The objective of our investment in Kymeta is to enter the LEO satellite antenna market early on, and diversify our technology portfolio,” said Youn Chul Kim, CEO of Hanwha Systems. “With the expertise of HSC’s top-notch defense communication and radar technologies, we are joining hands with this promising U.S. satellite antenna company. All these efforts will further strengthen HSC’s aerospace systems capabilities.”
The investment follows the commercial availability of Kymeta’s next-generation antenna, terminal, and services on November 30, 2020. Kymeta offers seamless and uninterrupted mobile satellite-cellular connectivity to satisfy the overwhelming demand for communications on the move. Kymeta’s new products and services offer a breakthrough in performance, ease of use, and affordability. The company anticipates that these solutions will further enhance its position in both commercial and government markets.
“Support from HSC will help us expand our reach and drive the development and productization of our meta-material based antenna technology,” said Doug Hutcheson, Executive Chairman, Kymeta. “LEO antenna solutions will become preferred for latency-sensitive and highly mobile applications as additional LEO satellites are launched and constellations are deployed. Kymeta’s solutions work on existing GEO networks and are LEO upgradeable. We look forward to working with HSC to develop technologies and solutions that are reliable and critical for communications on the move.”
PJT Partners served as financial advisor and placement agent to Kymeta Corporation with respect to the capital raise.
About Kymeta
Kymeta is unlocking the potential of broadband satellite connectivity, combined with cellular networks, to satisfy the overwhelming demand for comms on the move and making mobile global. Lepton Global Solutions, a Kymeta company, hosts the company’s satellite connectivity solutions and offers unique, complete, and turnkey bundled solutions to the market based on best in class technologies and tailored customer-centric services that meet and exceed customer mission requirements. These solutions in tandem with the company’s flat-panel satellite antenna, the first of its kind, and Kymeta Connect™ services provide revolutionary mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
Kymeta is a privately held company based in Redmond, Washington.
About Hanwha Systems
HSC is a leading global solutions company providing differentiated smart technologies in defense electronics and information infrastructure. Since its founding in 1978, Hanwha Systems has significantly advanced the defense capabilities of South Korea’s military. The company has spent more than 40 years developing technologies used globally for surveillance, reconnaissance, control, communication, computer, and intelligence (C4I), naval and land.
For more information, visit kymetacorp.com.
Business Inquiries for Kymeta:
Jon Maron
Vice President of Marketing and Communications
Kymeta Corporation
+1 425.658.8827
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Media Inquiries for Kymeta:
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (NYSE: NOVA) announced today the appointment of Akbar Mohamed, President of Prime Communications, LP, the largest AT&T authorized retailer in the United States, as an independent Class III director of the Company's Board of Directors effective Wednesday, December 23rd, 2020.
“Akbar is a highly accomplished entrepreneur and leader in his field who brings to Sunnova operational and strategic horsepower,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “With his in-depth understanding of the dealer model through his experience building the largest AT&T dealer business in the United States, Akbar will be an incredible addition to our Board as we continue to focus on our goal of being a customer-centric, dealer driven, and tech-enabled wireless power service provider.”
Mohamed serves as President of Prime Communications, LP, the largest AT&T authorized retailer in the U.S., a position he has held since January 2010. With direct oversight of sales leadership and retail distribution, he drives Prime’s growth strategy, which has included retail store acquisitions from AT&T and GameStop. Additionally, he established and serves as Chairman of Prime’s retail subsidiary brands, including Prime Canada, the largest Rogers’ Wireless authorized retailer. Outside of Prime, Akbar is an entrepreneur and has founded several companies, including GamesPlus, Prepaid Works and Wireless Works. Through his family office, Jumana Capital, LP, he is also an active investor in operating businesses, real estate, private equity and venture capital funds.
Before Prime, Mohamed served as an investment professional at Hicks Muse, a private equity firm in Dallas, and as a merger and acquisitions professional at Goldman Sachs. Currently, he serves as a Board of Trustee and Vice Chairman for Awty International School, and previously served on the Aga Khan Economic Planning Board as a national member and chairman of Nizari Credit Union.
He holds a bachelor’s degree in accounting and finance, summa cum laude, from the University of Illinois and is a Certified Public Accountant.
ABOUT SUNNOVA
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider, with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted™.
INVESTOR AND ANALYST CONTACT
Rodney McMahan
Sunnova Energy International Inc.
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(281) 971-3323
PRESS AND MEDIA CONTACT
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Sunnova Energy International Inc.
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