LONDON--(BUSINESS WIRE)--#GlobalOilandGasRefineryMaintenanceServicesMarket--The oil and gas refinery maintenance services market is poised to grow by USD 521.13 mn during 2020-2024 progressing at a CAGR of almost 3% during the forecast period.
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The report on the oil and gas refinery maintenance services market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surging demand for refined fuel.
The oil and gas refinery maintenance services market analysis includes type segment and geography landscape. This study identifies the adoption of modular mini refineries as one of the prime reasons driving the oil and gas refinery maintenance services market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters
The oil and gas refinery maintenance services market covers the following areas:
Oil And Gas Refinery Maintenance Services Market Sizing
Oil And Gas Refinery Maintenance Services Market Forecast
Oil And Gas Refinery Maintenance Services Market Analysis
Companies Mentioned
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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LAKE MARY, Fla.--(BUSINESS WIRE)--#ChangeInPower--Accelerating plans toward a low-carbon future, Capital Power (TSX: CPX) has ordered two Mitsubishi Power M501JAC gas turbines to repower its Genesee Units 1 and 2 in Alberta, Canada, from coal to natural gas. The units will combine best-in-class Mitsubishi Power air-cooled combustion turbines and heat recovery steam generators with the existing steam turbine generators. With greater than 64 percent efficiency, the Genesee units will be the most efficient combined cycle plants in Canada. The plant will provide 1,360 megawatts (MW) of net capacity, and carbon emissions intensity will decrease by approximately 60 percent to a level below the Alberta Technology Innovation and Emissions Reduction (TIER) regulation benchmark.
The M501JAC gas turbines are hydrogen-capable to support future decarbonization. They will be able to operate on a mixture of natural gas and up to 30 percent hydrogen. The units can be converted in the future to operate on 100 percent hydrogen for zero carbon emissions, enhancing Capital Power’s standing as among the cleanest large-scale power generators in Canada.
“Capital Power is following a strategy toward a low-carbon future with a target to be net carbon neutral before 2050,” said Brian Vaasjo, President and CEO of Capital Power. “The repowering of Genesee Units 1 and 2 with Mitsubishi Power technology will position the Genesee station to be off-coal in 2023, delivering 3.4 megatonnes of annual carbon emission reductions, and will position it for additional carbon emission reductions in the future.”
The repowering project timeline calls for the units to operate in natural gas simple cycle mode during construction, allowing the Genesee station to be off-coal in 2023, with expected repowering completion of Unit 1 in 2023 and Unit 2 in 2024. The project is expected to employ up to 500 workers during peak construction phases.
The M501JAC gas turbines’ flexibility and efficiency will enable Capital Power to balance even more intermittent renewable energy resources in Alberta. Capital Power is adding roughly 260 MW of solar and wind energy with delivery between now and 2022.
Paul Browning, President & CEO of Mitsubishi Power Americas, said, “Mitsubishi Power is pleased to support Capital Power’s repowering project to convert from coal to natural gas, and eventually to hydrogen with zero carbon emissions. The station will become a model for reliability, availability, efficiency and sustainability. Capital Power is building for a decarbonized future with the reliable and efficient hydrogen-ready M501JAC. Together with Capital Power, we are achieving a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power is a part of Mitsubishi Power, Ltd., a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns approximately 6,500 MW of power generation capacity at 28 facilities across North America. Approximately 425 MW of owned generation capacity is in advanced development in Alberta and North Carolina.
Sharon Prater
+1 407-688-6200
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TAIPEI--(BUSINESS WIRE)--With the arrival at the end of 2020 of a tanker carrying the first cargo of crude oil produced from the Chadian Oryx Concession, which CPC is managing as the operator, CPC is announcing to the world its vision to explore and produce oil and gas globally.
In the past 40 years, CPC has participated in overseas oil and gas projects through direct negotiation, bidding or joint bidding. Currently, it has joint ventures with international oil companies in a total of eight projects in six countries, including the United States, Indonesia, Chad, Niger, Ecuador, and Australia. Among them, the assets in Australia, Niger, Chad, and Ecuador have entered the production stage.
From pre-acquisition evaluation, acquisition, and exploration to oilfield development and production, the Chad’s Oryx Concession is managed entirely by CPC. This exhibits CPC’s superb capabilities in seismic survey, drilling and other technologies that are in line with industrial standards, especially in the fields of geoscience and oil well drilling. The main geological modeling technology used in the Chad exploration block is of international level, showing CPC has the ability to iexplore and develop oil and gas fields from scratch, and to export relevant technological services to other countries.
Established 74 years ago, CPC is a Taiwanese state-owned enterprise and is Taiwan’s largest energy group. CPC is responsible for ensuring the nation’s energy security, stabilizing the supply of oil and gas products, and promoting the country’s economic development. It 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 "Liner Hanger System Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for liner hanger system is expected to witness a CAGR of more than 5.46% during the forecast period (2020-2025).
Companies Mentioned
Key Market Trends
Increasing Demand from the Offshore Sector
The offshore oil and gas industry accounts for about 30% of the global crude oil production. The Middle East, North Sea, Brazil, and the Gulf of Mexico are the major offshore oil and gas producing regions.
Asia-Pacific to Witness the Fastest Growth
The Asia-Pacific region is expected to witness the fastest growth during the forecast period, with China being by far the largest market. In response to President Xi Jinping's call, in August 2017, to expedite domestic exploration and production activities (particularly for natural gas) to improve energy security, several companies, such as CNOOC, CNPC, and Sinopec, are set to increase their capital expenditure in exploration, development, and production activities. This will mean a significant boost to businesses for liner hanger systems, in the coming years.
Key Topics Covered:
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2025
4.3 Global Onshore and Offshore Active Rig Count of Major Countries
4.4 Estimated Number of Liner Hanger System Used in 2018, by Region and US Basin
4.5 Onshore CAPEX Forecast in USD billion, till 2025
4.6 Offshore CAPEX Forecast in USD billion, by Region, till 2025
4.7 Historical and Forecast of Production from Deepwater, Oil Sands, and Tight Oil, till 2025
4.8 Brent Crude Oil and Henry Hub Spot Prices Forecast, till 2025
4.9 Key Upstream Projects for Investment Purposes
4.10 Recent Trends and Developments
4.11 Market Dynamics
4.11.1 Drivers
4.11.2 Restraints
4.12 Industry Supply Chain Analysis
4.13 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Conventional Liner Hangers
5.1.1.1 Mechanical Liner Hangers
5.1.1.2 Hydraulic Liner Hangers
5.1.2 Expandable Liner Hangers
5.2 Location of Deployment
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 South America
5.3.4 Asia-Pacific
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/tqp4qn
ResearchAndMarkets.com
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TUCSON, Ariz.--(BUSINESS WIRE)--New Tucson Electric Power rates that take effect next year will expand bill-payment assistance for low-income customers while supporting the company’s investments in efficient new energy resources that help our community transition to a cleaner, greener energy grid.
The new rates, approved yesterday by the Arizona Corporation Commission (ACC), will take effect on Jan. 1, 2021. The changes are expected to increase the average monthly bill of a typical residential customer using TEP’s Basic pricing plan by approximately $5.20 compared to current bills. The actual impact will vary monthly with usage, and customers who use more energy will experience a larger increase.
The increase will help cover the cost of flexible new generating resources, more resilient energy systems and other upgrades that are already serving customers. TEP’s current rates do not reflect costs related to approximately $1.2 billion in investments made since June 2015 to update its generating portfolio and maintain reliable service for customers.
“TEP is on track to provide 30 percent of our power from renewable resources next year with rates that reflect our commitment to safe, efficient operations,” said CEO David G. Hutchens. “We’re now well-positioned to provide affordable, reliable and sustainable service for years to come.”
The new rates, originally requested more than 20 months ago, are projected to produce a revenue increase that amounts to less than 1 percent per year since TEP’s last base rate increase in February 2017.
“We’re doing everything possible to keep our service affordable as we build a smarter, stronger grid with lower emissions and more wind and solar resources,” said President and Chief Operating Officer Susan M. Gray, who will succeed Hutchens as TEP’s CEO on Jan. 1, 2021.
The new rates provide more assistance to low-income customers through TEP’s Lifeline program. Monthly discounts will increase from $15 to $18 and will be available to families with household income up to 200 percent of the federal poverty level – an increase from the previous 150-percent cap that was approved by the ACC earlier in December.
The expanded assistance program could provide supplemental support for customers whose income has been affected by the coronavirus pandemic. TEP and sister company UniSource Energy Services have donated $1M this year for local COVID-19 relief efforts and bill payment assistance. TEP also suspended service disconnections and late fees through Dec. 31, created extended payment plans for overdue balances and delayed implementation of an energy cost increase. More information about TEP’s customer assistance during the pandemic is available at tep.com/covid-19.
Building a Cleaner, Greener Grid
The new rates will help cover the cost of clean, flexible reciprocating internal combustion engines that became operational this year at the H. Wilson Sundt Generating Station in Tucson. With a combined capacity of 182 MW, these efficient natural gas-fueled units have replaced two older steam-fired units, reduced emissions and water use while supporting the addition of new wind and solar resources.
TEP’s new rates also reflect the cost of purchasing a second unit at the natural gas-fired Gila River Generating Station in 2019. The unit will replace more than 500 MW of capacity at the coal-fired Navajo Generating Station, which was retired in 2019, and the San Juan Generating Station, scheduled to retire in 2022.
The unit’s cost will be partly offset by long-term fuel and operating cost reductions. Replacing the output of San Juan and Navajo with power from Gila River Unit 2 will save TEP customers nearly $75 million annually. TEP also saved an estimated $83 million by purchasing the unit from Salt River Project instead of remaining in a long-term agreement to purchase its output.
The new generating resources support TEP’s plan to provide more than 70 percent of its power from renewable resources as part of a cleaner energy portfolio that will reduce carbon emissions 80 percent by 2035. These changes, outlined in TEP’s 2020 Integrated Resource Plan, will avoid the production of more than 50 million tons of carbon dioxide over the next 15 years – equivalent to taking three-quarters of a million cars off the road.
Controlling Costs, Serving Customers’ Needs
TEP works diligently to keep costs low by carefully managing operations and maintenance expenses while seeking new efficiencies. For example, the company is converting all of its dusk-to-dawn streetlights to use LEDs to reduce maintenance costs and provide higher-quality lighting. Transmission crews also have adopted new work practices allowing them to perform maintenance on high voltage lines without the need for line outages, which reduces operations and maintenance costs.
The new rates include the cost of transmission and distribution systems upgrades needed to serve Tucson’s expanding population and changing energy needs while supporting economic growth. TEP’s energy grid has accommodated record peak energy demands and thousands of new customers while improving its already strong reliability. The average number and duration of power outages has dropped over the past three and a half years, ranking TEP among the most reliable electric utilities in North America, according to the Edison Electric Institute, an electric industry association.
TEP also has worked to improve its customers’ experience with new online options and more responsive service. Customer phone wait times were reduced by more than 50 percent in 2018, and TEP’s Customer Care Center now offers translation services in more than 200 languages.
The new rates also include an updated economic development incentive, an expansion of TEP’s GoSolar Shares program for large commercial and industrial customers and other changes. For more details, visit tep.com/new-rates.
Consideration for Communities Impacted by Power Plant Closures
The ACC also voted to consider possible assistance for Native American tribes and other local communities impacted by the retirement of coal-fired power plants, a step supported by TEP.
“Our transition to cleaner, less carbon-intensive resources should include investments in the sustainable economic growth of the communities that have supported our generating operations,” Gray said.
Stakeholders in that proceeding will include tribal representatives, local community leaders, TEP and Arizona Public Service (APS), which has proposed addressing transition expenses in its pending rate request. The ACC left TEP’s rate case docket “open” to allow any transition-related charges to be incorporated in future rates.
TEP provides safe, reliable electric service to approximately 432,000 customers in Southern Arizona. For more information, visit tep.com. TEP and its parent company, UNS Energy, are subsidiaries of Fortis Inc. (TSX/NYSE: FTS), which owns utilities that serve more than 3 million customers across Canada and in the United States and the Caribbean. For more information, visit fortisinc.com.
Rhonda Bodfield, (520) 237-0075, This email address is being protected from spambots. You need JavaScript enabled to view it.
New Projects Totaling 387 Megawatts of Capacity to Come Online by August 2023
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has requested California Public Utilities Commission (CPUC) approval of six additional battery energy storage projects totaling 387 megawatts (MW) of capacity, intended to further integrate clean energy from renewable generation sources while helping to ensure future reliability of the electric system.
The six project agreements complete PG&E’s procurement requirements outlined in a November 2019 CPUC decision that identified potential electric system reliability issues beginning in summer of 2021. In that decision, the CPUC authorized PG&E to procure at least 716.9 MW of system reliability resources to come online between August 1, 2021 and August 1, 2023.
In May, PG&E announced the results of its first round of procurement: 423 MW of battery energy storage capacity, scheduled to be online by August 2021.
“The next few years will be pivotal for the deployment and integration of utility-scale battery energy storage onto the grid. PG&E has awarded contracts for battery energy storage projects totaling more than 1,000 MW of capacity to be deployed through 2023, all of which contribute to meeting California’s ambitious clean energy goals while ensuring grid efficiency and reliability, reducing the need to build additional fossil fuel generation plants, and keeping customer costs affordable,” said Fong Wan, senior vice president, Energy Policy and Procurement, PG&E.
Project Details
The project agreements resulted from a competitive request for offers (RFO) PG&E launched in July. The six new projects listed below all feature lithium-ion battery energy storage technology, each with a four-hour discharge duration.
The AMCOR project, the Lancaster Battery Storage project, and the LeConte Energy Storage project – totaling 194 MW – are scheduled to come online by August 2022.
The North Central Valley Energy Storage project and both Daggett projects – totaling 193 MW – are scheduled to be online by August 2023.
Counterparty (Project Name) |
Technology |
Initial
|
Term
|
Size
|
Nexus Renewables U.S. INC (AMCOR) |
Lithium Ion Batteries |
8/1/2022 |
15 |
27 |
Lancaster Battery Storage, LLC (Lancaster Battery Storage) |
Lithium Ion Batteries |
8/1/2022 |
15 |
127 |
LeConte Energy Storage, LLC (LeConte Energy Storage) |
Lithium Ion Batteries |
8/1/2022 |
15 |
40 |
North Central Valley Energy Storage, LLC (North Central Valley Energy Storage) |
Lithium Ion Batteries |
8/1/2023 |
15 |
132 |
Daggett Solar Power 2, LLC (Daggett 2 BESS) |
Lithium Ion Batteries |
8/1/2023 |
15 |
46 |
Daggett Solar Power 3, LLC (Daggett 3 BESS) |
Lithium Ion Batteries |
8/1/2023 |
15 |
15 |
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 energy companies 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 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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415-973-5930
LONDON--(BUSINESS WIRE)--#UnconventionalGasMarket--The unconventional gas market is expected to grow by USD 41.76 billion, progressing at a CAGR of almost 7% during the forecast period.
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The abundance of unconventional gas resources is one of the major factors propelling market growth. However, factors such as the growing adoption of renewable energy will hamper the market growth.
More details: https://www.technavio.com/report/unconventional-gas-market-industry-analysis
Unconventional Gas Market: Type Landscape
Based on the type landscape, the shale gas segment is expected to post significant growth during the forecast period.
Unconventional Gas Market: Geographic Landscape
By geography, America is going to have a lucrative growth during the forecast period. About 87% of the market’s overall growth is expected to originate from the Americas. The US and Canada are the key markets for Unconventional Gas in the Americas.
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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 TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: 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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HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on a new $330 million Senior Secured Term Loan B (“TLB”). The TLB matures on December 23, 2027.
DXP intends to use the proceeds to repay the existing Term Loan B, which will be terminated on that payment; and the remaining for general corporate purposes, potential acquisitions and transaction fees and expenses. The transaction provides DXP with operational and financial flexibility to reinvest in the business and pursue its strategy around organic and targeted acquisition growth.
The Term Loan B is priced at 4.75% over LIBOR and includes a secured leverage covenant ranging from 5.75:1 to 4.75:1. The new loan under the credit agreement is secured by the company’s consolidated assets.
David R. Little, Chairman and CEO remarked, “We are pleased with the successful execution of this refinancing and our efforts to maintain our existing debt pricing while improving the terms from our existing facility. We will take this positive momentum and close out the year strong and look to drive growth in 2021. The successful closing of this new term loan following the disruptions caused by COVID-19 demonstrates the confidence lenders have in our current and long-term plans.”
Kent Yee, CFO added, “We are pleased to announce the completion of this refinancing, which accomplished several important objectives, including extending our debt maturities and further enhancing our strong liquidity position with a more flexible balance sheet and improving key terms. DXP is well-positioned to support its disciplined growth strategy well into the future. We experienced strong market interest and demand for this transaction, demonstrating the confidence that existing and new lenders, investors and other financial participants have in DXP. We appreciate the support from our advisors and lender group. Based on the transaction closing at the end of the third quarter, DXP’s net debt to EBITDA was 2.6:1”
Additional detail regarding the TLB will be available in DXP’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission by December 31st.
About DXP Enterprises, Inc.
DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.
The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.
Kent Yee
Senior Vice President CFO
713-996-4700 – www.dxpe.com
DUBLIN--(BUSINESS WIRE)--The "Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global building integrated photovoltaics market grew at a CAGR of around 20% during 2014-2019. Looking forward, the publisher expects the market to continue its strong growth during the next five years.
Building-integrated photovoltaics (BIPVs) refer to the solar power generating components that are used in constructing facades, roofs, and skylights in buildings. Generally, these components include the integration of photovoltaic modules, backup power supply system, charge controller, power storage system, and other supporting hardware. BIPV materials offer several benefits over their traditional counterparts as they provide onsite power generation, zero emissions, high energy conservation, superior architectural integration, and optimal shading. In addition to this, BIPVs also help in reducing labor and installation costs by replacing high-end roof membranes, skylight glazing, facade cladding, etc. Owing to these benefits, building integrated photovoltaic materials are widely installed across commercial, residential, and industrial sectors.
The increasing demand for building integrated photovoltaic materials can be attributed to the rising integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growing environmental concerns towards the depleting non-renewable power resources, such as oil, coal, etc., have further bolstered the demand for solar power generation. Additionally, rapid modernization in the construction and building sector along with the increasing focus on clean energy has fueled the demand for green or zero- emission buildings.
Furthermore, the growing consumer awareness towards several ecological benefits of BIPV has resulted in the rising adoption of solar energy harnessing systems in the residential sector. Apart from this, implementation of favorable government policies supported by several initiatives for promoting the need for reducing carbon footprints have also catalyzed the demand for building-integrated photovoltaics on a global level. Furthermore, the increasing demand for BIPV components in the developed regions, such as North America and Europe, is primarily driven by the supporting infrastructural developments in the form of optimum grid-parity of photovoltaic solutions supported by several financial incentives offered by regional governments.
On the other hand, several emerging economies, such as India, China, Vietnam, etc., are experiencing high product demand due to the reduced solar installation costs and wide availability of BIPV materials across these countries. Moreover, various technological advancements coupled with the increasing penetration of wireless connectivity have led to the introduction of automated BIPV components, thereby bolstering the market growth. Additionally, rising investments in several R&D activities for the superior integration of advanced module technologies are also driving the product demand.
Companies Mentioned
Key Questions Answered in this Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Building Integrated Photovoltaics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6. 1 Polycrystalline
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Thin Film
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Other
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Roof
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Facade
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Glass
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Other
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End-use
8.1 Commercial
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Residential
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 Europe
9.2 North America
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/l4lvzz
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ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ALS.TO #copper--Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to report the release of its inaugural Sustainability Report, which will become an annual disclosure item. The report includes the following introductory letter that is addressed to Altius’s many valued stakeholders:
Dear Altius Stakeholder,
We are delighted to provide you with our first formal sustainability report. Within this you will discover the many ways in which Altius is a leader and innovator in terms of its environmental, social and governance, or ESG, responsibilities.
While much has been said in recent times of the risk factors that poor ESG adherences represent to investors and other stakeholders, which we generally concur with, we also believe that strong ESG practices are a path to outsized long-term business opportunities and growth.
Being a strong steward of the environment, respecting the rights and needs of the people our operations touch and going the extra mile to ensure that our governance policies and practices exceed the expectations of those whose investments we have been given the privilege of overseeing, is not a box ticking exercise at Altius. It is our culture, and it is good business.
Societal level ideals and capitalism are more aligned than ever before as evidenced by the extraordinary migration of investment flows towards asset managers and businesses that preferentially invest with a focus on global sustainability best practices, while increasingly shunning those that resist adaptations that science and society believe are necessary to ensure we leave a positive legacy for future generations.
Within Altius, our clearest example of this type of adaptation relates to our strategy to reinvest the remaining proceeds from our phasing out coal power generation based royalties into a new renewable energy royalty business. 2020 has been a pivotal year, as our internal estimate of the value of the renewable royalties has eclipsed the remaining value of the coal royalties. Renewables now represent a rapid growth area, while coal is quickly becoming a “rearview mirror” component of our portfolio.
Society is speaking loudly and clearly with its collective capital in saying it wants change to happen now - if not yesterday. We believe that businesses that quickly embrace these transitions as opportunities to innovate will prosper.
In the pages that follow you will hopefully come to understand that Altius means to be part of the group that prospers and that it has been squarely positioning itself for some time to do just that. We also understand that capturing the full opportunity that these macro-trend transitions offer will require continuous innovation and adaptation.
To this goal, we welcome your feedback on the content of our inaugural sustainability report as we continue to strive to develop Altius as the leading natural resource royalty company – as defined by both its long-term sustainability record and its investment returns profile.
Brian Dalton, President & CEO
The Sustainability Report is available on the Corporation’s website at www.altiusminerals.com, and will be emailed to shareholders and ratings agencies.
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 41,464,462 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
For further information, please contact:
Flora Wood
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Tel: 1.877.576.2209
Direct: +1(416)346.9020
Ben Lewis
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Tel: 1.877.576.2209
HERZLIYA, Israel--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy, announced today the appointment of Yogev Barak as Chief Marketing Officer of SolarEdge and the appointment of SehWoong Jeong as Chief Executive Officer of its subsidiary, Kokam.
Mr. Barak brings to SolarEdge over twenty-five years of experience in international marketing and B2B product management, including executive management positions at HP and Applied Materials. In his most recent role, Mr. Barak served as the Head of Strategy, Marketing, Products and Business Management at HP Indigo. He holds a B.Sc. in Electrical Engineering from Tel Aviv University.
Mr. Jeong is an industry veteran with more than two decades of experience of leadership positions in Samsung Electronics. Prior to joining SolarEdge, he served as General Manager & Executive Vice President for Automotive Batteries and ESS at Samsung SDI, leading a successful, large scale lithium-ion battery and Energy Storage Systems (ESS) business. Mr. Jeong holds a Ph.D. in Electrical and Computer Engineering from University of Colorado at Boulder, US and a M.S. in Electrical Engineering from Korea Advanced Institute of Science and Technology (KAIST), Korea.
“I am excited to have Yogev and SehWoong join our senior management team and I am confident the leadership and industry experience they bring will help us continue to grow in the solar market and new segments we are addressing,” said Zvi Lando, CEO of SolarEdge Technologies, Inc.
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at solaredge.com
SolarEdge Technologies
Lily Salkin
Public and Media Relations
+972-522028240
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE #RNG--Clean Energy Fuels Corp. (NASDAQ: CLNE) applauds the passage by the U.S. Congress of an alternative fuel tax credit which will continue to support the expansion of renewable natural gas (RNG), the cleanest transportation fuel that is currently powering tens of thousands of large vehicles every day. President Trump is expected to soon sign the legislation which extends the credit through 2021 and applies to RNG in compressed natural gas (CNG) or liquefied natural gas (LNG) applications.
“This extension of the tax credit comes at a particularly opportune time as more fleets are realizing the tremendous impact that RNG is having on reducing carbon and the long-term impact it has on climate change,” said Andrew J. Littlefair, president and CEO of Clean Energy. “We applaud Congress and the President for taking this action and encourage the implementation of permanent measures to encourage further use of this superior and clean fuel.”
The legislation includes the Alternative Fuels Tax Credit, which extends the $0.50 per gallon fuel credit/payment for the use of RNG as a transportation fuel, and the Alternative Fuel Vehicle Refueling Property Credit, which extends the 30 percent/$30,000 investment tax credit for alternative vehicle refueling property.
RNG is derived from organic waste at dairies and other agricultural facilities and landfills. Carbon emissions captured from dairies and turned into a transportation fuel reduce the harmful effects on long-term climate change. As a result, the California Air Resources Board gives carbon-negative RNG a CI Score (gCO2e/MJ) of -250 (or lower) compared to 97 for diesel and 46 for electric batteries. The demand for this carbon-negative fuel has significantly accelerated over the last few years. Some of the largest heavy-duty fleets in the world such as UPS, Republic Services, New York Metropolitan Transportation Authority and LA Metro, among others, are currently and successfully operating tens of thousands of vehicles on RNG.
Natural gas vehicles are powered by American fuel, American technology, and American innovation. No commercially-available heavy-duty powertrain solution runs cleaner than natural gas, and the cleanest heavy-duty truck engine in the world is powered by natural gas.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of the cleanest fuel for the transportation market. Through its sales of Redeem™ renewable natural gas (RNG), which is derived from capturing biogenic methane produced from decomposing organic waste, Clean Energy allows thousands of vehicle fleets, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas by at least 70% and even up to 300% depending on the source of the RNG. Clean Energy can deliver Redeem through compressed natural gas (CNG) and liquified natural gas (LNG) to its network of approximately 540 fueling stations across the U.S. and Canada. Clean Energy builds and operates CNG and LNG fueling stations for the transportation market, owns natural gas liquefication facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.CleanEnergyFuels.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about the benefits of RNG. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Clean Energy Contact:
Raleigh Gerber
949-437-1397
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Investor Contact:
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LONDON--(BUSINESS WIRE)--#GlobalSubmarineFiberCableMarket--Technavio estimates the global submarine fiber cable market to grow by USD 4.34 billion, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by the rising demand for higher bandwidth. However, fiber damage caused by human activities and fish attacks might challenge growth.
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Submarine Fiber Cable Market: Investment Source Landscape
Based on the investment source, the market witnessed maximum growth in the consortia. The segment is driven by rising investments in consortia globally. The market growth in the segment will be significant over the forecast period.
Submarine Fiber Cable Market: Geography Landscape
48% of the market’s growth originated from Europe in 2019. Factors such as rising demand for connectivity, growing necessity for faster Internet services, rapid urbanization, and development of frameworks by the European Commission are fueling the growth of the submarine fiber cable market in Europe.
Italy and Finland are the key markets for submarine fiber cable in Europe. Market growth in this region will be slower than the growth of the market in APAC and North America.
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Major Three Submarine fiber cable Market Vendors:
Alcatel Submarine Networks Ltd.
Alcatel Submarine Networks Ltd. offers OALC optical fiber cable (with vault structure) and has more than 600,000 km of submarine networks cable laid, globally.
Corning Inc.
Corning Inc. operates its business through segments such as Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies, Life Sciences, and All Others. The company offers submarine fiber cable under the brand Corning and Vascade fibers which are used in advanced submarine transmission systems ranging from short unrepeatered to very long repeated transoceanic links.
Hexatronic Group AB
Hexatronic Group AB operates its business through segments such as Products and Solutions. The company offers light-weight and high-quality single-, and double armoured submarine fiber cables, which are designed for repeatered and unrepeatered systems.
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Related Reports on Industrials Include:
Global Submarine Power Cable Market – Global submarine power cable market is segmented by end-user (offshore wind, island connection and inter-country, offshore oil, and others) and geography (Europe, APAC, North America, MEA, and South America). Get a free sample report to know more
Global Offshore Wind Cable Market – Global offshore wind cable market is segmented by product (export cable and inter-array cable) and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more
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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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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COLUMBUS, Ohio--(BUSINESS WIRE)--The Battelle Savannah River Alliance (BRSA) Team was selected by the Department of Energy to manage one of the country’s premier environmental, energy, and national security research facilities—the Savannah River National Laboratory (SRNL).
Employing approximately 1,000 staff, SRNL conducts research and development for diverse federal agencies, providing practical, cost-effective solutions for the nation’s environmental, nuclear security, energy and manufacturing challenges. As the U.S. Department of Energy’s (DOE’s) Environmental Management Laboratory, SRNL provides strategic scientific and technological support for the nation’s $6 billion per year waste clean-up program.
BSRA is led by and wholly owned by Battelle, one of DOE’s leading laboratory management contractors. The BSRA Team includes five universities from the region—Clemson University, Georgia Institute of Technology, South Carolina State University, University of Georgia, and University of South Carolina—as well as small business partners, Longenecker & Associates and TechSource.
The contract includes a five-year base with five one-year options. The estimated value of the contract is $3.8 billion over the course of 10 years if all options are exercised.
“We are honored by DOE’s decision to award the Savannah River National Laboratory management and operations contract to our team,” said Battelle President and CEO Lou Von Thaer. “We have the lab management experience to make a difference and we’re committed to ensuring the success of this important national resource.”
“We’re honored and excited to have this opportunity,” said Ron Townsend, Battelle’s Executive Vice President for Global Laboratory Operations. “BSRA’s approach will ensure the delivery of high-impact science, technology and engineering solutions into the future through a significant expansion of SRNL’s core competencies. Our team offers an exciting, compelling vision for the future of SRNL and provides DOE a leadership team that will deliver with excellence.”
Battelle currently has a management role at seven DOE national labs including Pacific Northwest National Lab, Brookhaven National Lab, Oak Ridge National Lab, National Renewable Energy Lab, Idaho National Lab, Los Alamos National Lab and Lawrence Livermore National Lab. It also operates the National Biodefense Analysis and Countermeasures Center for the Department of Homeland Security.
About Battelle
Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.
Katy Delaney at (614) 424-7208 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Company Also Pays Down Revolver and Adds Additional Oil Hedges
MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSEAM: REI) (“Ring” or the “Company”) announced today the results of its fall 2020 redetermination of its $1 billion senior revolving credit facility (“Credit Facility”). The borrowing base was set at $350 million, or approximately 6.7% lower than its previous borrowing base of $375 million. The next regularly scheduled bank redetermination will be on or around May 1, 2021.
Management also announced that the Company paid down an additional $45 million against the Credit Facility, or 12.5% from the $360 million drawn as of September 30, 2020. This leaves the current amount drawn at $315 million dollars and approximately $35 million in available liquidity (plus cash on hand).
Additionally, the Company provided an update to their oil hedges for calendar years 2021 and 2022. The Company added 1,500 barrels of oil per day (“Bopd”) in additional oil hedges consisting of three 500 Bopd swaps at $45.45, $45.60, and $45.96 per barrel of oil, respectively. This brings the total amount of oil hedged for calendar year 2021 to 9,000 Bopd, a 50/50 balance of collars and swaps. The Company also secured four oil hedges for calendar year 2022, three 500 Bopd swaps at $44.22, $44.75, and $44.97 per barrel of oil, respectively, and one 250 Bopd swap at $45.98 per barrel of oil. A complete summary of the Company’s hedge positions for 2021 and 2022 are listed in the table below.
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Floor |
Ceiling |
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Commodity |
Date |
End Date |
Volume |
Structure |
Swap Price |
Price |
Price |
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(Bopd) |
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2021 |
WTI - Crude |
1/1/2021 |
12/31/2021 |
1,000 |
Costless Collar |
- |
$45.00 |
$52.71 |
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WTI - Crude |
1/1/2021 |
12/31/2021 |
1,000 |
Costless Collar |
- |
$45.00 |
$55.08 |
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|
WTI - Crude |
1/1/2021 |
12/31/2021 |
1,000 |
Costless Collar |
- |
$40.00 |
$55.08 |
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|
WTI - Crude |
1/1/2021 |
12/31/2021 |
1,500 |
Costless Collar |
- |
$40.00 |
$55.35 |
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WTI - Crude |
1/1/2021 |
12/31/2021 |
2,000 |
Swap |
$45.37 |
- |
- |
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WTI - Crude |
1/1/2021 |
12/31/2021 |
500 |
Swap |
$45.38 |
- |
- |
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WTI - Crude |
1/1/2021 |
12/31/2021 |
500 |
Swap |
$45.00 |
- |
- |
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WTI - Crude |
1/1/2021 |
12/31/2021 |
500 |
Swap |
$45.45 |
- |
- |
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WTI - Crude |
1/1/2021 |
12/31/2021 |
500 |
Swap |
$45.60 |
- |
- |
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WTI - Crude |
1/1/2021 |
12/31/2021 |
500 |
Swap |
$45.96 |
- |
- |
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(MMBtu/d) |
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HH-Nat Gas |
1/1/2021 |
12/31/2021 |
6,000 |
Swap |
$2.991 |
- |
- |
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2022 |
WTI - Crude |
1/1/2022 |
12/31/2022 |
500 |
Swap |
$44.22 |
- |
- |
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WTI - Crude |
1/1/2022 |
12/31/2022 |
500 |
Swap |
$44.75 |
- |
- |
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WTI - Crude |
1/1/2022 |
12/31/2022 |
500 |
Swap |
$44.97 |
- |
- |
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WTI - Crude |
1/1/2022 |
12/31/2022 |
250 |
Swap |
$45.98 |
- |
- |
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(MMBtu/d) |
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HH-Nat Gas |
1/1/2022 |
12/31/2022 |
5,000 |
Swap |
$2.726 |
- |
- |
Mr. Paul D. McKinney, Ring’s Chief Executive Officer and Chairman of the Board of Directors, stated, “Strengthening our balance sheet remains our primary focus and despite the challenges we’ve faced this year, the Company has reduced debt by $73 million from the high-water mark set in the second quarter of $388 million – that is a 19 percent reduction! I am confident that we can continue to allocate a disproportional amount of our free cash flow to paying down debt throughout 2021 and allocate the remaining free cash flow to maintaining or possibly modestly growing our production.”
Mr. McKinney further remarked “Adding the swaps secures our free cash flow and ability to maintain our 2021 drilling program without fear of another retraction in oil prices. With the volatility we have experienced in oil prices, taking the defensive position we have with oil hedges is in the best interest of our shareholders at this time.”
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations in Texas and New Mexico.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “forecast,” “guidance,” “target,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. This press release and any accompanying disclosures may include or reference certain forward-looking, non-GAAP financial measures, such as free cash flow, and certain related estimates regarding future performance, results and financial position. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties, which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2019, its Form 10Q for the quarter ended September 30, 2020 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.
David A. Fowler, President
Ring Energy, Inc.
(432) 682-7464
SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America today announced that the 150 megawatt (MW) Merricourt Wind Project achieved commercial operation and has been turned over to Otter Tail Power Company, a subsidiary of Otter Tail Corporation (Nasdaq Global Select Market: OTTR). EDF Renewables developed and managed the construction process for Otter Tail Power under an Asset Purchase Agreement and turnkey Engineering, Procurement, and Construction (EPC) Agreement.
Located approximately 10 miles southwest of Kulm, North Dakota, in McIntosh and Dickey Counties, the Project created 260 construction jobs as well as injected millions of dollars in economic benefits to the local area. The 75 Vestas wind turbines are expected to generate enough energy to meet the consumption of nearly 65,000 homes1 annually.
“North Dakota’s abundant wind resource and supportive regulatory environment combine to create an opportunity to provide low-cost, reliable clean energy to utilities like Otter Tail Power Company,” said Kate O’Hair, Vice President, North Region Development at EDF Renewables. “After many years of development, we are thrilled to see this project fully operational. Our gratitude goes out to Otter Tail Power Company for making this project a reality, and especially the local community and landowners who have supported Merricourt Wind through the years.”
“Completing the Merricourt Wind Energy Center marks a major milestone,” said Otter Tail Power Company President Tim Rogelstad. “At approximately $260 million, Merricourt is the largest capital investment in Otter Tail Power Company’s history. Thank you to EDF Renewables and everyone involved with this project. Your tireless efforts and dedication have made it possible.”
EDF Renewables is one of the largest renewable energy developers in North America with 16 gigawatts of wind, solar, and storage projects developed throughout the U.S., Canada, and Mexico.
With 35 years of experience and 16 gigawatts of renewable projects developed throughout North America, EDF Renewables provides a fully integrated bundle of energy solutions from grid-scale wind, solar, and solar plus storage projects to electric vehicle charging and energy storage management.
1 According to U.S. Energy Information Administration (EIA) 2018 Residential Electricity Sales and U.S. Census Data
About EDF Renewables North America:
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
Sandi Briner, +1 858-521-3525
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DUBLIN--(BUSINESS WIRE)--The "Thermal Energy Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global thermal energy storage market is currently witnessing strong growth. Looking forward, the publisher expects the market to register a CAGR of 9.5% during 2020-2025.
Thermal energy storage refers to a power storage system that is used for transferring and storing energy obtained from ice, cold air or water for later usage. It includes sensible, latent and thermochemical heat storage that is based on molten salt, ice and miscibility gap alloy technology (MGA). Some of these solutions are used for storing hot or cold energy for powering electrical systems in commercial and residential complexes, while others are used for storing solar energy in the summers, which is further utilized in the winters. This aids in preventing the overutilization of conventional energy from the grid systems.
Increasing emphasis on the utilization of renewable energy resources across the globe is one of the key factors driving the growth of the market. The growing demand for thermal energy storage systems in heating, ventilation and air conditioning (HVAC) technology for large-scale heating and cooling is also providing a boost to the market growth. Furthermore, concentrated solar power (CSP) is increasingly being integrated with the thermal energy storage systems to offer grid flexibility and minimize efficiency losses by generating electricity through dry cooling during lower ambient temperatures.
Additionally, increasing environmental consciousness, coupled with the growing adoption of thermal energy storage for power generation in green buildings, is acting as another growth-inducing factor. Other factors, including the implementation of favorable government policies to promote sustainable infrastructural development, along with extensive research and development (R&D) activities, are projected to drive the market further.
Companies Mentioned
Key Questions Answered in this Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Thermal Energy Storage Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Storage Type
6.1 Sensible Heat Storage
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Latent Heat Storage
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Thermochemical Heat Storage
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Molten Salt Technology
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electric Thermal Storage Heaters
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Solar Energy Storage
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Ice-Based Technology
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Miscibility Gap Alloy Technology (MGA)
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Material Type
8.1 Water
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Molten Salt
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Phase Change Materials (PCM)
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Power Generation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 District Heating and Cooling
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Process Heating and Cooling
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End-Use
10.1 Residential and Commercial Sector
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Utility Industry
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Other Industries
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.2 Asia Pacific
11.3 Europe
11.4 Latin America
11.5 Middle East and Africa
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
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MINNEAPOLIS--(BUSINESS WIRE)--On Thursday, January 28, 2021, Xcel Energy (NASDAQ: XEL) will host a conference call to review fourth quarter and year end 2020 financial results. Earnings will be released prior to the opening of trading.
The call will begin at 9:00 a.m. Central Time. To participate in the conference call, please dial in at least 5-10 minutes prior to the scheduled start and follow the operator’s instructions. You will be asked for the conference ID number.
US Dial-In: 888-394-8218
International Dial-In: 400-120-8590
Conference ID: 6174235
The conference call will also be simultaneously broadcast and archived on our website, along with an MP3 download, at the following location:
http://www.xcelenergy.com
Under Company, select: Investor Relations
If you are unable to participate in the live event, the call will be available for replay from 12:00 p.m. on January 28 through 12:00 p.m. on January 31, Central Time.
Replay Numbers
US Dial-In: 888-203-1112
International Dial-In: 719-457-0820
Replay Passcode: 6174235
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Financial analysts may call:
Paul Johnson, Vice President - Investor Relations 612-215-4535
News media inquiries please call Xcel Energy Media Relations at 612-215-5300.
Internet: www.xcelenergy.com
DALLAS--(BUSINESS WIRE)--Blue Racer Midstream, LLC (“Blue Racer”) announced today the settlement and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 6.125% senior unsecured notes due 2022 (the “2022 Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on December 16, 2020 (the “Expiration Time”).
As of the Expiration Time, $242,704,000 aggregate principal amount of the 2022 Notes (34.7%) were validly tendered, as reported by the information agent for the Tender Offer, which includes 2022 Notes validly tendered pursuant to guaranteed delivery procedures. Blue Racer accepted for payment all such 2022 Notes validly tendered and not validly withdrawn in the Tender Offer and paid for such 2022 Notes today, December 23, 2020. Concurrently with the launch of the Tender Offer, Blue Racer gave notice of its intent to redeem, on January 7, 2021, any and all 2022 Notes not purchased in the Tender Offer, pursuant to the terms of the indenture governing the 2022 Notes, conditioned upon and subject to Blue Racer's (i) successful completion of its previously announced debt financing transaction, which has been satisfied, and (ii) borrowing of at least $150.0 million under its revolving credit facility.
Blue Racer engaged RBC Capital Markets, LLC, Wells Fargo Securities, LLC and TD Securities (USA) LLC to serve as dealer managers for the Tender Offer, and Global Bondholder Service Corporation to serve as the information agent for the Tender Offer.
The complete terms and conditions of the Tender Offer are described in the offer to purchase, dated December 8, 2020, and related notice of guaranteed delivery, copies of which are available at https://www.gbsc-usa.com/blueracer/ or may be requested from the information agent for the Tender Offer, Global Bondholder Service Corporation, by telephone at (866) 470-3700 (toll free) or for banks and brokers, at (212) 430-3774, and by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Persons with questions regarding the Tender Offer should contact the lead dealer manager for the Tender Offer, RBC Capital Markets, LLC, at (877) 381-2099 (toll free) or (212) 618-7843.
This press release does not constitute an offer to purchase or the solicitation of an offer to sell the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
Forward-Looking Statements
This press release may include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that Blue Racer expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by Blue Racer based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. Blue Racer undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.
Casey Nikoloric, Managing Principal, TEN|10 Group
303.433.4397, x101 o | 303.507.0510 m | This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#GlobalOffshoreOilandGasPipelineMarket--The offshore oil and gas pipeline market is poised to grow by USD 2.79 bn during 2020-2024 progressing at a CAGR of over 4% during the forecast period.
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The report on the offshore oil and gas pipeline market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increase in global energy demand.
The offshore oil and gas pipeline market analysis includes the product segment and geography landscape. This study identifies the economic benefits of offshore pipelines than other oil and gas transportation modes as one of the prime reasons driving the offshore oil and gas pipeline market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The offshore oil and gas pipeline market covers the following areas:
Offshore Oil And Gas Pipeline Market Sizing
Offshore Oil And Gas Pipeline Market Forecast
Offshore Oil And Gas Pipeline Market Analysis
Companies Mentioned
Related Reports on Energy Include:
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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