LONDON--(BUSINESS WIRE)--#GlobalMarinePropulsionEngineMarket--The global marine propulsion engine market size is poised to grow by USD 472.47 million during 2020-2024, progressing at a CAGR of over 1% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
Rapid industrialization and the liberalization of economies worldwide have increased the trade volume between countries. This is evident across emerging economies in Asia that are exhibiting high demand for seaborne trade. The increasing population in these countries has created a strong demand for goods and raw materials. This is increasing the number of large cargo and container ships, which is contributing to carbon emissions. Besides, the rising stringency of regulations regarding emissions has led to an increase in the adoption of marine vessels with gas turbine propulsion. All these factors are positively influencing the growth of the global marine propulsion engine market.
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Incorporation of intelligent propulsion systems will be a key market trend
The rising adoption of automation technologies and digital analytics has encouraged market vendors to focus on the development of intelligent propulsion systems. These systems meet IMO Tier-III/EPA Tier 4 requirements for a marine engine, which is driving their adoption among end-users. Thus, the incorporation of intelligent propulsion systems is expected to positively influence the growth of the market during the forecast period.
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Marine Propulsion Engine Market 2020-2024: Key Highlights
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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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DUBLIN--(BUSINESS WIRE)--The "Thermal Energy Storage (TES) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global Thermal Energy Storage (TES) market along with the rest of energy industry value chain is expected to be impacted by the ongoing pandemic and the virus led global recession. The global market size is revised at a projected US$8 billion for the year 2027.
Government measures to curtail movement of people and good sand the worst ever economic downturn will together bring down the energy industry in the year 2020. Lockdowns are bringing electricity consumption in malls, hotels, gyms, schools, shops to almost zero. Utilities are staring at a severe cash crunch as revenues sharply decline and spot prices of electricity plummet. Energy storage deployments worldwide will decline steeply from earlier projections for the year 2020. As finances dry-up for consumers and businesses alike, sales of energy storage systems for homes, building and industrial processes will decline.
Given that uninterrupted power supply is the backbone of economic development, interest in thermal energy storage solutions will bounce back when the economic climate clears. In the post COVID-19 period, demand for efficient, reliable, and economical energy storage technologies; and continued shift towards renewable energy sources and the resulting need to efficiently harness, store and utilize wind and solar energy will remerge to spur growth.
Few of the benefits of TES technology include high efficiency with the ability to recover over 98% of stored energy; can be discharged over both short and long durations; operational and cost benefits; enables effective peak load balancing and encourages electricity generation during non-peak hours.
Few of the trends which underlined growth in the pre-coronavirus period included increased integration of renewable in utilities, the resulting loss of base load energy generation and the ensuing importance of energy storage technologies in enabling grid stability; popularity and dominance of sensible heat storage technology given its low cost and simplicity in design and architecture; rise in the number of concentrated solar power projects and increased demand for sensible heat storage technology; growing number of wind farms and higher use of TES systems for efficient harnessing, storage and utilization of wind energy; rising prominence of phase change materials-based systems over molten salt-based thermal storage. Although currently in hiatus, these trends will resurface to drive market gains in the long-term period.
The urgent need to make the energy infrastructure more efficient and less polluting will continue to rank as the primary driver of growth in developed markets. Several countries in Europe will also continue to place increased emphasis on energy efficiency initiatives which will require active integration of renewable energy into the main power grid thus spurring the need for thermal energy storage solutions.
Asia-Pacific including China is a major market and in a business as usual post COVID-19 scenario, growth in the region will be led by factors such as growing economies; increased investments in energy infrastructure development and upgrade; continuous rise in electricity demand; growing problem of and high economic cost of unreliable power supply; abundant availability of renewable energy and concerted government efforts to use renewable to meet energy needs in a safe and reliable way.
Competitors identified in this market include, among others:
Key Topics Covered:
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/h4wb96
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LONDON--(BUSINESS WIRE)--#GlobalOffshoreDecommissioningMarket--The new offshore decommissioning market research report from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the maturing oil and gas fields and aging platforms,” says a senior analyst for the Energy industry at Technavio. As the markets recover, Technavio expects the offshore decommissioning market size to grow by USD 1.77 billion during the period 2020-2024.
Offshore Decommissioning Market Segment Highlights for 2020
Regional Analysis
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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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TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) ( “OSG”), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced today that it has received delivery of the OSG 205, a 204,000 barrel capacity oil and chemical tank barge for dual mode ITB service pursuant to U.S. Coast Guard NVIC 2-81, Change 1. The barge was built by Greenbrier Marine, a division of The Greenbrier Companies, Inc. (NYSE:GBX), in compliance MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within emission control areas. This is the second tank barge that Greenbrier Marine has delivered to OSG this year, after delivering its sister barge OSG 204 in May 2020. OSG 204 and 205 are among the largest barges Greenbrier Marine has built, at 581 feet each.
The OSG 205 has been paired with an existing tug within the OSG fleet, the OSG Courageous, and the paired unit will enter into a one year time charter with a long time customer of OSG shortly after delivery from Greenbrier Marine.
“Once again, Greenbriar Marine has demonstrated a capacity to manage a complicated construction project amidst a pandemic, delivering to OSG on-time and on-budget the second of our two contracted barges,” stated Sam Norton, OSG’s President and CEO. “This is no small accomplishment. OSG is gratified to have partnered with Greenbrier Marine in the building of OSG 205 and to have successfully completed this important project for both companies. The OSG 205 will, together with her sister barge, the OSG 204, serve for many years to come as a visible statement of OSG’s continued commitment to supporting the U.S. Maritime industry. Our thanks go out to all involved in working tirelessly to bring the idea behind this project to an admirable finished product.”
“It has been a pleasure collaborating with OSG during the construction of these vessels. This partnership complements both companies’ dedication to supporting and strengthening the U.S. Jones Act fleet,” said Richard Hunt, General Manager of Greenbrier Gunderson in Portland, Oregon. “We are proud to have completed this barge on schedule, despite challenges presented by the COVID-19 pandemic. The naming ceremony, while it looked different and more socially distant than those of prior years, was safely celebrated on November 20. We are grateful for our strong partnership with OSG and look forward to a future of working together.”
About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. (NYSE:OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. With the addition of this barge, OSG’s 22 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also owns and operates two Marshall Islands flagged MR tankers which trade internationally. OSG is committed to setting high standards of excellence for its quality, safety and environmental programs and is recognized as one of the world’s most customer-focused marine transportation companies. OSG is headquartered in Tampa, FL. More information is available at www.osg.com.
About Greenbrier
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight railcars and marine barges in North America. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland, Romania and Turkey that serves customers across Europe and in other geographies as opportunities arise. Greenbrier builds freight railcars and rail castings in Brazil through two separate strategic partnerships. We are a leading provider of freight railcar wheel services, parts, repair, refurbishment and retrofitting services in North America through our wheels, repair & parts business unit. Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and related transportation industries in North America. Through unconsolidated joint ventures, we produce industrial and rail castings, and other components. Greenbrier owns a lease fleet of 8,300 railcars and performs management services for 393,000 railcars. Learn more about Greenbrier at www.gbrx.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, the Company may make or approve certain forward-looking statements in future filings with the Securities and Exchange Commission (SEC), in press releases, or in oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate to our prospects, supply and demand for vessels in the markets in which we operate and the impact on market rates and vessel earnings, the expected delivery schedule of our new barge under construction and its expected participation in the Jones Act trade, the continued stability of our niche businesses, and the impact of our time charter contracts on our future financial performance. Forward-looking statements are based on our current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in our Annual Report on Form 10-K and in similar sections of other filings we make with the SEC from time to time. We do not assume any obligation to update or revise any forward-looking statements except as may be required by applicable law. Forward-looking statements and written and oral forward-looking statements attributable to us or our representatives after the date of this press release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by us with the SEC.
Investor Relations & Media Contact:
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that Brad Barron, President and Chief Executive Officer; Tom Shoaf, Executive Vice President and Chief Financial Officer; Danny Oliver, Executive Vice President of Business Development & Engineering; Amy Perry, Executive Vice President of Strategic Development; Pam Schmidt, Vice President of Investor Relations, and other members of management will participate in virtual meetings with members of the investment community at the Wells Fargo Securities 2020 Virtual Midstream and Utility Symposium on Tuesday, December 8, 2020 and Wednesday, December 9, 2020. The materials to be discussed in the meetings will be available on the partnership’s website at 10:00 a.m. Eastern Time, Tuesday, December 8, 2020.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 75 million barrels of storage capacity, and the partnership has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com
DUBLIN--(BUSINESS WIRE)--The "Upstream Oil & Gas Start-up Tracker - Issue 18" report has been added to ResearchAndMarkets.com's offering.
Each issue contains detailed company profiles, an analyst viewpoint, and an overall score for every start-up included.
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 solution providers with specific solutions to industry challenges. The tracker provides a rich database of start-up companies that have an industry application or an application for another industry that can be translated to upstream oil and gas.
In addition, the publisher provides guidance on potential acquisitions, investments, partnerships, and implementation for clients.
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/2vzq6n
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Virtual Session
HOUSTON--(BUSINESS WIRE)--Pursuant to Texas Governor Abbott’s action of March 16, 2020 to allow virtual and telephonic open meetings to maintain government transparency, the Port Commission of the Port of Houston Authority will conduct its regular monthly meeting virtually on Tuesday, Dec.8. The virtual meeting will start at 9:15 a.m. via Webex webinar.
The Executive Office Building is closed to the general public; however, the public can participate in the meetings virtually via Webex, which can be accessed as provided on the following page. Sign up for public comment is available up to an hour prior to the meeting by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
The meeting agendas are available at http://porthouston.com/leadership/public-meetings/.
The Community Relations Committee will commence at 9:30 a.m. or immediately following the Port Commission meeting. The Compensation Committee meeting will start at 10:00 a.m. or immediately following the Community Relations Committee meeting.
The committee agendas and the instructions to access them virtually are also available at http://porthouston.com/leadership/public-meetings/.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals of the greater Port of Houston – the nation’s largest port for the foreign waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. nation. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and total of $801.9 billion in economic impact across the nation. For more information, visit the website at https://porthouston.com/
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DUBLIN--(BUSINESS WIRE)--The "Upstream Oil & Gas Start-ups Tracker - Issue 17" report has been added to ResearchAndMarkets.com's offering.
Each issue contains detailed company profiles, an analyst viewpoint, and an overall score for every start-up included. In addition, the analyst provides guidance on potential acquisitions, investments, partnerships, and implementation for clients.
The upstream oil & gas industry is increasingly focused on cutting costs and improving recovery rates through radical innovation and digital transformation.
The Start-ups Tracker is a resource to help the upstream industry identify solution 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 to upstream oil & gas.
Key Topics Covered:
1. Executive Summary
2. Companies to Action
For more information about this report visit https://www.researchandmarkets.com/r/1ancag
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SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its subsidiary Perma-Pipe Egypt has been awarded approximately $6.0 million in contracts by China State Construction Engineering Company (CSCEC) for the provision of thermally insulated pipe, field joints, and leak detection system for a district cooling network for the New Urban Communities Authority (NUCA), in the Central Business District of the New Administrative Capital of Egypt.
The project will utilize Perma-Pipe’s XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing. Prior to application of the insulation system, an anti-corrosion polyamide epoxy coating will be applied to the steel pipe in Perma-Pipe’s newly commissioned blasting and coating facility. Perma-Pipe will also be responsible for the supply, installation, and commissioning of Perma-Pipe’s own “PermAlert®” leak detection system for the insulated pipelines. The project will begin execution in Perma-Pipe’s facilities in Beni Suef, Egypt in Q4 2020.
Adham Sharkawy, General Manager for Perma-Pipe Egypt states, “Perma-Pipe looks forward to serving CSCEC and NUCA under Dar Al-Handasah’s supervision on this project and to continuing our role in providing infrastructure for construction of the New Administration Capital City project. We are pleased to see an increase in project opportunities in Egypt, and excited about the country’s potential and serving our customers moving forward.”
Grant Dewbre, Sr. Vice President for Perma-Pipe’s MENA region states, "We are very appreciative that CSCEC placed their trust in Perma-Pipe to execute this project. We value our relationships with CSCEC, NUCA, and Dar Al-Handasah and look forward to starting our successful journey to providing our services to these companies.”
David Mansfield, President and CEO commented, "We thank our customer for this award and we are pleased to see that the market in Egypt continues to develop, and that our decision to invest in that country was the right choice.”
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.
David Mansfield, President and CEO
Perma-Pipe Investor Relations
847.929.1200
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MILLBRAE, Calif.--(BUSINESS WIRE)--Stem, Inc., (“Stem” or “the Company”), a global leader in artificial intelligence (AI)-driven clean energy storage systems, and Star Peak Energy Transition Corp. (“Star Peak”) (NYSE: STPK), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that will result in Stem becoming a public company. Upon closing of the transaction, the combined company will be named Stem and remain listed on the New York Stock Exchange under the new ticker symbol “STEM.” The combined company will be led by John Carrington, Chief Executive Officer of Stem.
Founded in 2009, Stem is an industry leading provider of AI-driven energy storage systems and market leader in the clean energy ecosystem. The Company generates revenue by providing customers with integrated energy storage systems, long-term recurring software services and energy market participation through its proprietary software platform, called Athena™, which enables AI-automated system operations. The Company empowers its customers and partners to optimize energy usage by automatically switching between battery power, onsite generation and grid power. Its storage solutions address a $1.2 trillion opportunity for leading fortune 500 companies, commercial and industrial customers, independent power producers and renewable asset owners, among others.
Stem’s smart energy storage technology solves many of the challenges facing today’s dynamic power market and is well positioned to manage the increasing decentralization and democratization of the electric grid, significantly accelerating renewable growth and virtual power plants. Stem’s network of energy storage systems supports utilities in reducing the dependency on conventional power sources. The network helps alleviate grid intermittency issues and promotes the adoption of renewable energy generation as a replacement for fossil fuels while supporting customers in meeting their ESG goals.
Management Commentary:
John Carrington, Chief Executive Officer of Stem, commented, “This transaction is transformative for us and we expect it to significantly accelerate our growth. Stem is a market leader and our Athena™ software platform is proven in the U.S., Japan and Canadian markets, and this merger will enable expansion to several additional global markets. Our systems deliver value to our customers by lowering energy costs, enhancing renewable returns, and meeting ESG and sustainability goals, while increasing grid reliability. We are excited to partner with the Star Peak team and share a collective vision. The balance sheet strength of the combined company will empower Stem to expand its technological leadership and geographic reach. We look forward to creating long-term value for our customers, employees and shareholders as a public company.”
Mike Morgan, Chairman of Star Peak who will join Stem’s Board of Directors, said, “Stem is a leader in one of the fastest growing markets in clean energy and the first pure play smart energy storage company to go public. Stem and its highly experienced management team perfectly align with Star Peak’s mission to provide growth capital to a market-leading business focused on climate change initiatives, emissions reductions and energy efficiency. In support of global decarbonization objectives, the entire power grid is being decentralized and democratized. We believe Stem is at the epicenter of this clean energy transition and its AI-driven software systems will be critical in accelerating renewables adoption and addressing climate change.”
Eric Scheyer, Chief Executive Officer of Star Peak, commented, “Stem is an exceptional investment opportunity. We completed an extensive due diligence process and view Stem as a market leader in one of the most exciting segments of the clean energy ecosystem. The Star Peak team has significant experience investing in the broader energy infrastructure, renewables and technology sectors, and we believe Stem represents a highly compelling opportunity to capitalize on the scarcity of high-quality, public clean energy companies with attractive ESG characteristics, significant scale and visible growth.”
Stem Investment Highlights:
Transaction Overview
The business combination values the combined company at a $1.35 billion pro forma equity value, at a price of $10.00 per Star Peak share and assuming no redemptions by Star Peak shareholders. The transaction will provide $608 million of gross proceeds to the company, assuming no redemptions, including a $225 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors, including funds and accounts managed by BlackRock, Van Eck Associates Corporation, Adage Capital Management, L.P., Electron Capital Partners, and Senator Investment Group.
The Boards of Directors of each of Stem and Star Peak have unanimously approved the transaction. The transaction will require the approval of the stockholders of both Stem and Star Peak, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is expected to close in the first quarter of 2021. All Stem shareholders will roll 100% of their equity holdings into the new public company.
Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Star Peak with the Securities and Exchange Commission and will be available on the Stem investor relations page at www.stem.com/investors and at www.sec.gov.
Advisors
Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Star Peak. Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are serving as joint capital markets advisors to Star Peak and serving as co-placement agents on the PIPE offering. Kirkland & Ellis LLP is serving as legal advisor to Star Peak. Morgan Stanley & Co. LLC is serving as lead financial advisor to Stem, Nomura Greentech is serving as a financial advisor to Stem, and Gibson, Dunn & Crutcher LLP as well as Wilson, Sonsini, Goodrich & Rosati are serving as legal advisors to Stem.
Investor Conference Call Information
Star Peak and Stem will host a joint investor conference call to discuss the proposed transaction Friday, December 4, 2020 at 8:30am ET.
Interested parties may listen to the prepared remarks call via telephone by dialing 877-407-0784, or for international callers, 201-689-8560. A telephone replay will be available until December 18, 2020 by dialing 844-512-2921, or for international callers, 412-317-6671 and entering the passcode 13713852.
About Stem
Stem provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class artificial intelligence (AI)-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter.
Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril Capital Management, Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. For more information, visit www.stem.com.
About Star Peak Energy Transition Corp.
Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Star Peak is led by a management team with extensive experience investing in the energy, energy infrastructure and renewables sectors, including Chairman, Michael Morgan and Chief Executive Officer, Eric Scheyer. Michael Morgan is Chairman and Chief Executive Officer at Triangle Peak Partners LP and currently serves as a director of Sunnova Energy International (NYSE: NOVA) and lead director of Kinder Morgan, Inc. (NYSE: KMI), one of the largest energy infrastructure companies in North America, a company he joined at its founding in 1997. Eric Scheyer is a Partner at Magnetar and has served as the Head of the Magnetar Energy and Infrastructure Group since its inception in 2005. For more information, visit www.starpeakcorp.com.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events of Star Peak or Stem’s future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “or“ or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Star Peak and its management, and Stem and its management, as the case may be, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the outcome of any legal proceedings that may be instituted against Star Peak, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 3) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Star Peak, to obtain financing to complete the business combination or to satisfy other conditions to closing; 4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 5) the ability to meet the NYSE’s listing standards following the consummation of the business combination; 6) the risk that the business combination disrupts current plans and operations of Stem as a result of the announcement and consummation of the business combination; 7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 8) costs related to the business combination; 9) changes in applicable laws or regulations; 10) the possibility that Stem or the combined company may be adversely affected by other economic, business and/or competitive factors; 11) Stem’s estimates of its financial performance; 12) the impact of the novel coronavirus disease pandemic and its effect on business and financial conditions; and 13) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Star Peak’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Stark Peak nor Stem undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Important Information for Investors and Stockholders
In connection with the proposed transaction, Star Peak will file a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which will include a preliminary proxy statement to be distributed to holders of Star Peak’s common stock in connection with Star Peak’s solicitation of proxies for the vote by Star Peak’s stockholders with respect to the proposed transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of securities to be issued to Stem’s stockholders in connection with the proposed transaction. After the Registration Statement has been filed and declared effective, Star Peak will mail a definitive proxy statement, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Star Peak, Stem and the proposed transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by Star Peak through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: Star Peak Energy Transition Corp., 1603 Orrington Ave., 13 Floor, Evanston, IL 60201. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Use of Projections
This press release contains financial forecasts of Stem. Neither Stem’s independent auditors, nor the independent registered public accounting firm of Star Peak, audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. These projections should not be relied upon as being necessarily indicative of future results. The projected financial information contained in this press release constitutes forward-looking information. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See “Forward-Looking Statements” above. Actual results may differ materially from the results contemplated by the projected financial information contained in this press release, and the inclusion of such information in this press release should not be regarded as a representation by any person that the results reflected in such projections will be achieved.
Participants in the Solicitation
Star Peak and its directors and officers may be deemed participants in the solicitation of proxies of Star Peak’s shareholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Star Peak’s executive officers and directors in the solicitation by reading Star Peak’s final prospectus filed with the SEC on August 19, 2020, the registration statement / proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Star Peak’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the registration statement / proxy statement relating to the business combination when it becomes available.
Investor – Stem
Marc Silverberg, ICR, Inc.
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Media Contact – Stem
Cory Ziskind, ICR, Inc.
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Star Peak
Tricia Quinn
Courtney Kozel
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847 905 4400
THE WOODLANDS, TX--(BUSINESS WIRE)--Epsilyte, a leading North American producer of Expandable Polystyrene (EPS), will increase the price of all grades of EPS by $0.06/lb., effective January 1, 2021 or as contracts permit. This adjustment is necessary based on supply and demand dynamics and the need for the business to achieve reinvestment economics.
About Epsilyte
Epsilyte is one of North America’s leading producers of expandable polystyrene resin. We are a company of scale focused on solving customer needs for efficient, high-R value EPS. This includes reducing energy usage in buildings, ensuring safe and healthy food through innovative packaging technology, and participating in infrastructure investment both in the United States and abroad. Epsilyte is a portfolio company of Balmoral Funds LLC.
Todd Galliart
Business Manager
Cell: 409-422-5903
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Awarded the Highest 5-Star Rating, Ninth Consecutive “Green Star” Recognition, and an “A” Disclosure Score
BOSTON--(BUSINESS WIRE)--Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, today announced that it has earned a top ESG rating in the 2020 Global Real Estate Sustainability Benchmark (GRESB®) assessment. BXP earned a ninth consecutive “Green Star” recognition and the highest GRESB 5-star Rating, as well as an “A” disclosure score. The Company also achieved the highest scores in several categories, including: Data Monitoring & Review, Targets, Policies, Reporting and Leadership.
“Despite the challenges of 2020, we maintained our steadfast commitment to sustainable development and operations. ESG has been and will continue to be core to everything we do, from development to leasing to operations. BXP’s continued recognition as a leader in ESG is a point of pride for our employees and our communities and is an important consideration for our customers and shareholders,” said Owen Thomas, CEO of BXP. “I am proud of this recognition and of our ability to deliver positive environmental, social and economic outcomes for all our stakeholders.”
The Company has certified more than 24 million square feet of its current in-service portfolio at the highest LEED certification levels of Gold and Platinum. BXP has publicly announced sustainability goals and has implemented energy conservation projects and other measures in actively managed office buildings that have reduced greenhouse gas emissions intensity by 70% and site energy use intensity by 27% since 2008. The Company has aligned its emissions reduction targets with climate science and, in 2020, completed the Science Based Targets Initiative approval process.
“GRESB remains the most comprehensive real estate ESG assessment,” said Ben Myers, Vice President of Sustainability, BXP. “Our 2020 top rating and perennial leadership position is the result of collective action across the company. We’re focused on climate action, resilience, social good and governance excellence. We will continue to implement policies, programs and projects for people and planet.”
The GRESB Real Estate Assessment is the investor-driven global ESG benchmark and reporting framework for real estate. The Assessment is shaped by what investors and the industry consider to be material issues in the sustainability performance of real estate investments. The methodology is consistent across different regions, investment vehicles and property types and aligns with international reporting frameworks. The data is self-reported by Assessment participants and subjected to a multi-layer validation process after which it is scored and benchmarked. The result is high-quality data that investors and participants can use in their investment, engagement and decision-making processes.
BXP’s commitment to sustainable development and operations has been recognized by numerous industry groups, including the Company’s designation as a 2020 ENERGY STAR Partner of the Year. The Company completed its Fitwel Champion commitments and was named a 2020 Best in Building Health award winner. BXP was also named one of America’s Most Responsible Companies by Newsweek magazine, ranking 122nd on Newsweek's 2020 list of America’s 300 Most Responsible Companies, the second highest ranking given to a public REIT and the highest ranking of any office company.
About Boston Properties
Boston Properties (NYSE: BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company’s portfolio totals 51.2 million square feet and 196 properties, including seven properties under construction. For more information about Boston Properties, please visit our website at www.bxp.com.
At the Company
Laura Sesody
Vice President, Corporate Marketing & Communications
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617.236.3305
Sara Buda
Vice President, Investor Relations
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617.236.3429
Approximately 130,000 customers who might be affected by the Public Safety Power Shutoff are receiving the initial notifications today, two days ahead of the potential event
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has notified customers in targeted portions of 15 counties and five tribal communities about a potential Public Safety Power Shutoff (PSPS) starting early Monday morning (Dec. 7). Dry conditions combined with expected high wind gusts pose an increased risk for damage to the electric system that has the potential to ignite fires in areas with dry vegetation.
High fire-risk conditions are expected to arrive late Sunday evening with high winds forecast to continue until into early Monday morning, peaking in strength during the day Monday, and possibly lingering in some regions through early Tuesday. Once the strong winds subside, PG&E crew will patrol the de-energized lines to ensure they were not damaged during the severe weather. PG&E will safely restore power as quickly as possible, with the goal of restoring most customers within 12 daylight hours, based on weather conditions.
While there is still uncertainty regarding the strength and timing of this weather wind event, the shutoff is forecasted to affect approximately 130,000 customers in targeted portions of 15 counties, including Alpine, Amador, Calaveras, El Dorado, Fresno, Lake, Monterey, Napa, Nevada, Placer, Sierra, Sonoma, Tulare, Tuolumne, and Yuba, as well as five tribal communities.
The highest probability areas for this PSPS are the Sierra foothills; the North Bay mountains and portions of the Central Coast. This is not expected to be a widespread event in the Bay Area at this time.
Potential Public Safety Power Shutoff: What People Should Know
The potential PSPS event is still more than two days away. PG&E in-house meteorologists as well as staff in its Wildfire Safety Operation Center and Emergency Operation Center will continue to monitor conditions closely, and additional customer notifications will be issued as we move closer to the potential event.
Customer notifications—via text, email and automated phone call—began late this afternoon, approximately two days prior to the potential shutoff. Customers enrolled in the company’s Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee with a knock on their door when possible. A primary focus will be given to customers who rely on electricity for critical life-sustaining equipment.
Potentially Affected Customers
Here is a list of customers by county who could be potentially affected by this PSPS event.
*The following Tribal Community counts are included within the County level detail above.
Why PG&E Calls a PSPS Event
When extreme weather conditions are forecasted, PG&E considers proactively turning off power for safety, as such weather conditions increase the potential for damage and hazards to PG&E’s electric infrastructure, which could cause sparks if lines are energized. These conditions also increase the potential for rapid fire spread.
State officials classify more than half of PG&E’s 70,000-square-mile service area in Northern and Central California as having a high fire threat, given dry grasses and the high volume of dead and dying trees. The state’s high-risk areas have tripled in size over the last seven years.
No single factor drives a PSPS, as each situation is unique. PG&E carefully reviews a combination of criteria when determining if power should be turned off for safety. These factors generally include, but are not limited to:
Improved Watch and Warning Notifications
In response to customer feedback requesting more timely information to prepare for a potential PSPS event, PG&E will provide improved Watch and Warning notifications this year.
Whenever possible, an initial Watch notification will be sent two days in advance of a potential PSPS event. One day before the potential PSPS event, an additional Watch notification will go out, notifying customers of the possibility of a PSPS event in their area based on forecasted conditions.
A PSPS Watch will be upgraded to a Warning when forecasted conditions show that a safety shutoff will be needed. Whenever possible, Warning notifications will be sent approximately four to 12 hours in advance of the power being shut off.
Both Watch and Warning notifications are directly tied to the weather forecast, which can change rapidly.
As an example of how notifications have been improved in 2020, customers will see the date and time when power is estimated to be shut off as well as the estimated time for restoration. These notifications will be provided two days before the power goes out. Last year, the estimated time of restoration was not provided until after the power had been turned off.
Outage and Backup Power Safety
While backup power can be helpful during an outage, it can also pose safety hazards when not used correctly. Improper use can risk damage to your property, or endanger the lives of you, your family, or PG&E crews who may be working to restore power.
If you have a stand-by generator, make sure that it’s installed safely and inform PG&E to avoid risking damage to your property and endangering PG&E workers. Information on the safe installation of generators can be found on our website at www.pge.com/generator.
Here’s Where to Go to Learn More
Smaller, Shorter, Smarter PSPS events
Learning from past PSPS events, PG&E has been making events smaller in size, shorter in length and smarter for customers in 2020.
Community Resource Centers Reflect COVID-Safety Protocols
The sole purpose of a PSPS is to reduce the risk of major wildfires during severe weather. While a PSPS is an important wildfire safety tool, PG&E understands that losing power disrupts lives, especially for customers sheltering-at-home in response to COVID-19.
During PSPS events, PG&E opens temporary Community Resource Centers (CRCs) to support our customers. These temporary CRCs are open to customers when power is out at their homes and provide ADA-accessible restrooms and hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; and non-perishable snacks.
In response to the COVID-19 pandemic, all CRCs follow important health and safety protocols including:
PG&E’s CRCs in 2020 have been improved from those in 2019. In addition to using existing indoor facilities, PG&E’s CRCs include outdoor, open-air sites in some locations and large commercial vans in other locations. CRC format will depend on a number of factors, including input from local and tribal leaders. Supplies are handed out in grab-and-go bags at outdoor CRCs so most customers can be on their way quickly.
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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DUBLIN--(BUSINESS WIRE)--The "Global Oilfield Biocides Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The oilfield biocides market is poised to grow by $ 125.13 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period.
The market is driven by the increasing adoption of oxidizing oilfield biocides, and increasing focus and demand for oil production from unconventional oilfield reserves.
This study identifies the increasing problems associated with microbial growth in the water and oilfield industries as one of the prime reasons driving the oilfield biocides market growth during the next few years.
The reports on oilfield biocides market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The oilfield biocides market analysis includes type segment and geographical landscapes
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oilfield biocides market vendors that include Akzo Nobel NV, BASF SE, Clariant International Ltd., Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Halliburton Co., Kemira Oyj, Solvay SA, and The Lubrizol Corp..
Also, the oilfield biocides market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/73ugkr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#WindTurbineGeneratorMarket--Please replace the release dated December 1, 2020 with the following corrected version due to multiple revisions.
The updated release reads:
GLOBAL WIND TURBINE GENERATOR MARKET SIZE TO INCREASE BY $ 7.22 BILLION DURING 2020-2024 | BUSINESS CONTINUITY PLAN FOR NEW NORMAL | TECHNAVIO
The wind turbine generator market is expected to grow by USD 7.22 billion, progressing at a CAGR of almost 4% during the forecast period.
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The rise in wind energy consumption is one of the major factors propelling market growth. However, factors such as competition from fossil fuels will hamper growth.
More details: https://www.technavio.com/report/wind-turbine-generator-market-industry-analysis
Wind Turbine Generator Market: Application Landscape
Based on the application, the onshore segment led the market in 2019. The segment is driven by the declining cost of power generation across the globe. Besides, onshore projects require lower capital requirements compared with offshore projects, which is also contributing to the segment growth. The market in the segment will be significant over the forecast period
Wind Turbine Generator Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 57% of the market’s overall growth is expected to originate from APAC. The increased focus on renewable energy such as wind power generation is one of the key factors driving the market growth in APAC.
China and India are the key markets for wind turbine generators in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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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LONDON--(BUSINESS WIRE)--#chineseoilandgas--The COVID-19 pandemic has taken a substantial toll on the transportation, automotive, and oil and gas industry due to national lockdowns and new remote work systems. The Chinese oil and gas industry was among the first to be impacted, being the first geographical region to be affected, and the virus's widespread nature. The economic impact has led to a reduction in prices, reduced automotive usage, and changed consumers’ traveling and expense patterns, taking a further toll on the industry. Therefore, top industry players are now aiming to forecast and prepare for changes in demand in the post-COVID era and making necessary changes within their supply chains, inventory, and cash flow strategies to achieve a strong recovery after this crisis. Infiniti’s market potential analysis helps companies in the Chinese oil and gas industry analyze the expected demand in the post-COVID era and make the necessary adjustments to achieve operational excellence.
To leverage Infiniti’s market potential analysis for comprehensive insights into the demand, ideal supply chain strategies, and inventory management solutions for the Chinese oil and gas industry in the post-COVID era, request a free proposal.
“To maintain a superior level of operational excellence in the post-COVID-19 era, oil and gas companies must also consider some critical factors including crisis management, reliability, productivity, supply chain management, and cost optimization,” says an oil and gas industry expert at Infiniti Research.
Business Challenge:
The client, a leading Chinese oil and gas industry client, struggled due to production and price declines caused by the jarring COVID-19 pandemic. With various operational and financial challenges in the market, the client also suffered from supply chain vulnerabilities, cash flow constraints, and workforce management obstacles. The geographically fragmented supplier base and lack of visibility into their supply chain and spend led to further complications. Therefore, the Chinese oil and gas industry client sought to partner with Infiniti Research, leverage our expertise in offering market potential analysis, and re-evaluate their operations. During the nine-week engagement, the oil and gas industry player also wanted to optimize spend analysis, divest from under-performing assets, and adjust cash flow management.
Our Approach:
Infiniti’s market potential analysis experts developed a five-phased approach to assist the Chinese oil and gas industry client, that included the following processes:
Business Outcome:
By leveraging Infiniti’s market potential analysis, the Chinese oil and gas industry client improved spend data quality and accuracy and gained complete visibility into streamlined processes and procurement. By forecasting potential post-COVID market demand, the client reduced their capacity and cost structure and reduced operating costs by outsourcing corporate processes, such as shifting non-core functions to contractors. Further, the Chinese oil and gas industry player identified alternative suppliers and safeguarded their supply chain operations by gaining a comprehensive understanding of supply chain risks and identifying local suppliers to support them during a crisis. The client identified new ways to reduce cash outflow and adjusted their inventory for the post-COVID era by reviewing their inventory position and assessing supply chain complexities.
Speak to industry experts to leverage our market potential analysis and prepare for the post-COVID era in the oil and gas industry by adjusting inventory, re-evaluating cash outflow, and devising strategies to improve employee safety.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to analyze competitive activity, see beyond market disruptions and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
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Infiniti Research
Anirban Choudhury
Marketing Manager
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Terminals looking to stay competitive turn to automation to lower costs, increase efficiency and improve safety
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, unveiled new survey findings that explore the opportunities and challenges associated with automation amongst container terminals. Around the world, terminals are increasingly turning to automation to uplevel productivity and keep up with the changing ocean shipping landscape in an effort to stay competitive.
The results from the survey, titled “Automation 2020: Perceptions, challenges and opportunities for Container Terminal Automation” gathered from 54 Navis customers, provide insight on the high level of interest terminals have in automating operations, and the importance automation will play in the future. Navis customers are among those actively exploring automated terminal operations:
“Automation will play a pivotal role as terminals continue working towards more efficient and resourceful operations. Technology is at the core of our automation efforts and provides the necessary tools for terminal operators to work in a more cost-effective manner that’s ultimately more safe,” said Andy Barrons, Chief Strategy Officer at Navis. “Innovation in the shipping industry is becoming more widespread to keep up with changing demand and an evolving landscape. Automation is at the forefront of that and we’re excited to provide our customers with streamlined and efficient solutions to meet their every needs.”
Navis combines deep industry and software expertise to enable terminals to take full advantage of their operating systems on their automation journey. From semi-automated to fully-automated, from process automation to equipment automation, integrated systems will support terminals on the path to automation.
For more information visit www.navis.com and to learn more about Navis’ automation journey click here.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec’s business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimize global cargo flows and create sustainable customer value. Cargotec’s sales in 2019 totaled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
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Geena Pickering
Affect
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ATHENS, Greece--(BUSINESS WIRE)--In its annual research update released on 27 November 2020, S&P upgraded PPC’s stand-alone credit profile (SACP) upward by two notches to ‘B’ from ‘CCC+’, resulting in an overall upgrade of the long-term credit rating of PPC to ‘B’ from ‘B-‘.
According to S&P the two notch upgrade in PPC’s standalone corporate rating confirms that the Company’s strategic repositioning and the improved Greek energy market fundamentals have transformed its competitive position, reducing past concerns over its liquidity and long-term sustainability.
The ‘Stable’ outlook underscores S&P’s expectation that PPC will continue to deliver on its transformation plan, with solid liquidity and improved margins. PPC’s strategic plan to convert its generation mix toward lower carbon dioxide (CO2) emissions improve its fleet competitiveness and long-term prospects.
As mentioned in their report, S&P expects a substantial increase in EBITDA and improvement in credit metrics on the back of higher profitability as PPC accelerates the closure of its lignite generation plants and shifts its competitive position in the retail market.
Sofia Dimtsa
Corporate Affairs & Communications Director
PUBLIC POWER CORPORATION S.A.
T: +302105293038
M: +306978778998
Fax: +30 2105241300
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Swell Packers Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The oil and gas swell packers market is expected to rise with a CAGR of more than 1.5% during the forecast period of 2020-2025
Increasing production of oil and gas, along with rapidly growing drilling and completion operations in oil and gas fields, are likely to drive the oil and gas swell packers market. However, the volatile oil prices are expected to slow downstream activities expected to restrain the oil and gas swell packers market.
Due to the increased completion of drilling and workover activities, the onshore segment is likely to dominate the oil and gas swell packers market during the forecast period. In 2019, the increase in natural gas production was about 3.3%, which is likely to drive the market.
The development in the area of gas hydrates, which is still in the research phase and its requirement of new technologies for its production, is likely to create several opportunities for the oil and gas swell packers market in the future.
Due to its rapidly growing upstream industry, North America will likely be the fastest-growing market for the oil and gas swell packers during the forecast period. In 2019 the region produced 6.6% more crude oil than the previous year, which is likely to positively impact the swell packers market.
Key Market Trends
Onshore Segment Expected to Dominate the Market
Swell packer is an isolation device that relies on elastomers to expand and form an annular seal when immersed in certain wellbore fluids. The elastomers used in these packers are either oil- or water-sensitive. Their expansion rates and pressure ratings are affected by a variety of factors.
North America Expected to be the Fastest Growing 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.
Competitive Landscape
The oil and gas swell packers market is moderately fragmented. Some of the key players in this market include Schlumberger Limited, Halliburton Company, Weatherford International plc, Weir Group PLC, and Packers Plus Energy Services Inc.
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 Location of Deployment
5.1.1 Onshore
5.1.2 Offshore
5.2 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 Schlumberger Limited
6.3.2 Halliburton Company
6.3.3 Weatherford International plc
6.3.4 Weir Group PLC
6.3.5 Swell X
6.3.6 TAM International, Inc.
6.3.7 Tendeka
6.3.8 Packers Plus Energy Services Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/utmh18
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DUBLIN--(BUSINESS WIRE)--The "Denmark Offshore Oil and Gas Decommissioning Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The offshore oil and gas decommissioning market in Denmark is expected to grow at a CAGR of more than 6% during the forecast period of 2020-2025.
The maturing offshore fields and aging wells are moving towards the dry phase, driving the market of well decommissioning. With the increase in restrictive regulations, and the rising associated cost of operating aging platforms, the focus of operators on offshore decommissioning is increasing at a significant rate. On the other hand, the ongoing global pandemic of COVID-19 is likely to affect different operations and businesses and is expected to restrain the market growth.
With declining offshore fields in shallow water, the decommissioning of wells and platforms in shallow water are expected to dominate the market.
The European Union is shifting towards renewable energy, resulting in a decline in the share of oil and gas. Additionally, in the future, deepwater fields are expected to undergo dry phase. With these opportunities in the decommissioning market are expected to grow.
Abandonment of wells is expected to drive the market significantly. A large number of wells in the North Sea are expected to be abandoned during the forecast period.
Key Market Trends
Shallow Water Projects to Dominate the Market
Most of the shallow fields in Denmark are under the declining phase, which is expected to create demand for decommissioning services in shallow water.
Plug and Abandonment Operations to Dominate the Market
The well plugging & abandonment segment is expected to be the largest market, by service during the forecast period. This growth is evident owing to crucial activity to be performed regardless of decommissioning type; it ensures that oil wells do not have any kind of leakage after the cessation of production.
Competitive Landscape
The Denmark offshore oil and gas decommissioning market is consolidated. Some of the major companies include Bureau Veritas SA., Bureau Veritas SA, AF Gruppen ASA, A.P. Moeller Maersk A/S, and Saipem S.p.A.
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 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 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Water Depth
5.1.1 Shallow Water
5.1.2 Deepwater and Ultra-Deepwater
5.2 Operation
5.2.1 Plug and Abandonment
5.2.2 Topside Substructure and Subsea Infrastructure Removal
5.2.3 Others
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Halliburton Company
6.3.2 Aker Solutions ASA
6.3.3 Bureau Veritas SA
6.3.4 A.P. Moller - Maersk B A/S
6.3.5 Saipem S.p.A.
6.3.6 AF Gruppen ASA
6.3.7 Schlumberger Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/65vdy9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
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