SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation today announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. This capital outlook will continue to prioritize investments that are expected to grow long-term value and deliver higher returns and lower carbon, including over $300 million in 2021 for investments to advance the energy transition.
“Chevron remains committed to capital discipline with a 2021 capital budget and longer-term capital outlook that are well below our prior guidance,” said Chevron Chairman and CEO Michael Wirth. “With our major restructuring behind us and Noble Energy integration on track, we’re prepared to execute this program with discipline.”
Chevron’s capital guidance of $14 to $16 billion annually from 2022 to 2025 is significantly lower than its previous guidance of $19 to $22 billion, which excluded Noble Energy. During this time period, as capital is expected to decrease for a major expansion in Kazakhstan, the company expects to increase investments in a number of Chevron’s advantaged assets, including its world class position in the Permian, other unconventional basins, and the Gulf of Mexico.
“Chevron is in a different place than others in our industry,” Wirth said. “We’ve maintained consistent financial priorities starting with our firm commitment to the dividend. We took early and swift action at the beginning of the pandemic to prudently allocate capital, reduce costs and protect our industry-leading balance sheet. And we’ve completed a major acquisition and restructuring that positions our company to deliver higher returns and grow long-term value.”
Details of the 2021 Capital and Exploratory Investment Program include:
Chevron 2021 Planned Capital & Exploratory Expenditures1 |
||
|
$ Billions |
|
U.S. Upstream |
5.0 |
|
International Upstream |
6.5 |
|
Total Upstream |
|
11.5 |
U.S. Downstream |
1.2 |
|
International Downstream |
0.9 |
|
Total Downstream |
|
2.1 |
Other |
0.4 |
|
TOTAL (Including Chevron’s Share of Expenditures by Affiliated Companies) |
|
13.9 |
Expenditures by Affiliated Companies |
(4.2) |
|
Cash Expenditures by Chevron Consolidated Companies |
|
9.7 |
(1) Numbers may not sum due to rounding |
||
In the upstream business, approximately $6.5 billion is allocated to currently producing assets, including about $2 billion for Permian unconventional development. Approximately $3.5 billion of the upstream program is planned for major capital projects underway, of which about 75 percent is associated with the Future Growth Project and Wellhead Pressure Management Project (FGP / WPMP) at the Tengiz field in Kazakhstan. The remaining $1.5 billion is allocated to exploration, early stage development projects, and midstream activities.
Chevron Corporation is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, California. More information about Chevron is available at www.chevron.com.
As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.
Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on schedule,” “on track,” “is slated,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to successfully integrate the operations of Chevron and Noble Energy and achieve the anticipated benefits from the acquisition of Noble Energy; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, industry-specific taxes, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 21 of the company's 2019 Annual Report on Form 10-K, as updated by Part II, Item 1A, "Risk Factors" in the company's subsequently filed Quarterly Reports on Form 10-Q, and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Sean Comey, Chevron, 925-842-5509
CHARLOTTE, N.C. & SAN FRANCISCO--(BUSINESS WIRE)--#Trellis--Trellis Energy and North Carolina-based Duke Energy announced today that Duke Energy has merged its upstream and downstream supply and transaction applications into a single system, a first for a natural gas local distribution company in the United States.
The Trellis Energy Transaction Management System (ETMS) merges into one platform Duke Energy’s contract management, demand forecasting, supply logistics, invoice reconciliation, distribution choice and large volume commercial and industrial billing across jurisdictions in five states: Duke Energy’s Ohio and Kentucky jurisdictions and Piedmont Natural Gas service territories in North Carolina, South Carolina and Tennessee. The Gas Transaction Information System (GTIS) provides hourly usage meters for the company’s large-volume natural gas customers, allowing them to more accurately manage their energy needs.
“As an industry leader, Duke Energy believes it’s important to continually improve the customer experience, and this platform is designed to grow with the ever-changing needs of our customers,” said Sarah Stabley, Managing Director of Gas Supply Optimization & Pipeline Services at Duke Energy. “By helping our industrial customers better manage their natural gas consumption based on their actual hour-by-hour usage, they can save money by more accurately forecasting their future demand.”
The technology is responsive between devices and web browsers for an easier customer interface, and natural gas marketers now can navigate easily between all five of Duke Energy’s natural gas jurisdictions on a single platform.
“We are excited about our partnership and the possibilities of further innovation within our platform while working with such an outstanding market leader as Duke Energy,” said Rakesh Agrawal, CEO, Trellis Energy.
About Trellis Energy
Trellis Energy provides the only cloud solution digitizing natural gas energy business transactions from wellhead to burner tip with faster deployment, configurability, and cost-effectiveness to keep up with the rapidly changing industry. From operating a production well and gathering facility to a processing plant, a complex matrix of transportation pipelines or a distribution network connecting to end users, Trellis ETMS can support all commercial and operational transactions in a single platform. Customers have transformed their natural gas supply chain by optimizing business transactions and providing actionable operational intelligence to make informed decisions. To learn more, visit www.trellisenergy.com.
About Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.
Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.
Duke Energy was named to Fortune’s 2020 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
Trellis Energy
Shannon Albright, Director, Marketing, 832-465-7319
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Duke Energy
Jason Wheatley, Corporate Communications, 704-731-4034
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Collaboration integrates Semtech’s LoRa® devices with Ripl Networks’ IP mesh, 3D location tracking software to help secure naval ports
CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced Ripl Networks, the leader in IP networking for low power devices, has been selected by the U.S. Department of Defense (DoD) to deploy an IP mesh, 3D tracking solution for foreign guest and fleet assets at naval ports.
Semtech’s LoRa® devices provide the long range, low-bandwidth connectivity for Ripl’s IP over low power devices messaging system called MLMesh™. Ripl’s software enables Tiny Edge computing where low cost, machine learning emitters can live inside the Enterprise IP network. The combined technology enables low power devices to talk Internet Protocol (IP) at long distances while accurately tracking 3D locations without GPS or cellular towers.
“Ripl lets Tiny-Edge computers talk IP creating a long distance, wire-free extension of the IP WAN,” said Kerry Shih, CEO of Ripl Networks. “LoRa devices’ proven distance and low power enables Ripl to offer an IP fabric up to 20km from node to node with a battery life up to 10 years.”
The DoD was searching for 3D tracking of assets in a private, IP network that would support low power sensors. “After what we’ve seen demonstrated around the Port of Hueneme, I trust we’ll continue to see investment in progressive technologies like Tiny Edge computing and Ripl MLMesh,” said Alan Jaeger, Director of NavalX Ventura TechBridge at the Department of Navy. “Ripl and LoRa combine to secure this new class of networked computers using IP infrastructure versus creating a second data network just for IoT.”
The Port of Hueneme, the only deep-water harbor between Los Angeles and the San Francisco Bay area, will be the first DoD deployment of the asset tracking solution. Port of Hueneme CEO & Port Director Kristin Decas said, “We are proud of our long history of vigilance when it comes to security on the port. Ripl will help further that mission with real-time, 3D location tracking of assets for which we are responsible.”
Ripl Networks will act as the systems integrator with other key technologies, including Avnet’s IoT Connect platform, which will serve as the backend system for data storage and monitoring.
“Semtech’s LoRa platform enables the rapid and scalable deployment of military-grade applications, such as Ripl Networks’ asset tracking solution,” said Marc Pegulu, Vice President of IoT Product Marketing for Semtech’s Wireless and Sensing Products Group. “We are pleased to assist the U.S. Department of Defense in its efforts to monitor and secure critical American assets.”
About Semtech’s LoRa® Platform
Semtech’s LoRa device-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of ultra-low power, cost efficient and long range IoT networks, gateways, sensors, module products, and IoT services worldwide. Semtech’s LoRa devices provide the communication layer for the LoRaWAN® protocol, which is maintained by the LoRa Alliance®, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 100 countries. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.
About Semtech
Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.
About Ripl Networks
Ripl Networks accelerates IoT adoption by economically bringing sensors into the Enterprise’s IP realm. The Ripl Networks MLMesh system reduces the cost of implementing, administering and maintaining IoT projects and leverages the Enterprise’s existing investment in IP knowledge and networks to do so. Ripl software, devices and reference designs remove threats to the industry achieving its vast potential by slashing dependencies on specialized expertise and extending the obvious and solid momentum of IPv6 for IoT.
Forward-Looking and Cautionary Statements
All statements contained herein that are not statements of historical fact, including statements that use the words “to deploy,” “can,” “enables,” “to offer,” “will,” “efforts to,” “designed to” or other similar words or expressions, that describe Semtech Corporation’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in Semtech Corporation’s annual and quarterly reports, and in other documents or reports, filed with the Securities and Exchange Commission (www.sec.gov) including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” Semtech Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.
Semtech, the Semtech logo and LoRa are registered trademarks or service marks of Semtech Corporation or its affiliates.
SMTC-P
Ronda Grech
Semtech Corporation
(805) 250-1263
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NEW YORK--(BUSINESS WIRE)--Explorer At Large and a team of leading education specialists, storytellers, and space organizations have been selected for a highly competitive grant from NASA to inspire future explorers. The proposal was one of only seven NASA selected (out of ninety-five submissions) under NASA’s Teams Engaging Affiliated Museums and Informal Institutions (TEAM II) Remote Opportunity Rapid Response (RORR) initiative.
The collective initiative is called Project Ianos. Its mission is to spark curiosity among primary school students using the inspirational stories of human space exploration. The Project Ianos team consists of the Aldrin Family Foundation, Explorer At Large, Public Consulting Group, and the University of Kansas.
“Everyone on the Project Ianos team is so honored to have been selected for this opportunity,” said Josh Bernstein, CEO of Explorer At Large (XAL). “To date, all of Explorer At Large’s Instructional Units have been based on video content we produced with funding from the Smithsonian Institution and Department of Education. We couldn’t be more excited to produce immersive, hands-on content featuring the experts, facilities, and legacy of NASA.”
Working under cooperative agreements Project Ianos has in place with three NASA Centers (Johnson Space Center, Kennedy Space Center, and Glenn Research Center), the team is now preparing to develop and deploy compelling short videos, engaging activities, and hands-on learning tools targeted to 3.8 million underrepresented students in grades 5-8. Project Ianos videos and educational resources will be available free and fully downloadable through a network of 75,000 US Public schools and via the Internet.
The Project Ianos concept received initial, exploratory funding from the Harold C. Schott Foundation, a Cleveland, Ohio-based not-for-profit that has funded Explorer At Large since its first pilot program in 2017 along with the Bezos Family Foundation, The Columbus Foundation, and Battelle Memorial Institute.
“We were pleased to offer initial support of Project Ianos and are grateful that NASA recognizes the tremendous impact this specific program can have on students,” said Michael Schott, a trustee of the Harold C. Schott Foundation. “The two pilot programs Explorer At Large has completed in Ohio schools have proven that the XAL model works. Scaling the model nationwide with a focus on NASA content is the perfect next step in Explorer At Large’s growth.”
As participants in Project Ianos, students will take an immersive journey into the past, present, and future of human space exploration through videos produced and hosted by world-renowned explorer and award-winning television presenter Josh Bernstein. Archival footage from historic NASA programs like Apollo will be blended with current-day interviews featuring subject-matter experts (SMEs) from NASA and other space industry leaders. Project Ianos content will introduce students to the dreams, aspirations, and challenges facing those on the frontlines of NASA’s mission to return to the Moon.
“These next five years will be very exciting as NASA and specifically its Artemis program take humans back to the lunar surface,” said Bernstein. “Project Ianos plans to capture the boldness and ingenuity of that effort and bring the associated expertise and enthusiasm into the classroom.”
After viewing Project Ianos video content, students will engage in hands-on learning activities tied directly to the videos, inviting students to become explorers themselves. These “missions,” designed to pique curiosity, will be aligned with national education standards and be adaptable to both individual and group learning situations. The goal: to ignite passions while laying the foundation for a strong and diverse future STEM workforce, connecting classrooms to potential career paths in human spaceflight.
Project Ianos plans to have its first Instructional Units available to students in late spring 2021. For more information, please visit www.projectianos.org
About Project Ianos
Project Ianos is a collaboration among leading education specialists, space organizations and communications experts dedicated to strengthening student understanding of science, technology, engineering, and math (STEM). Through professional videos and hands-on activities aligned with education standards, students take an inspirational journey into the past, present, and future of human space exploration and become explorers themselves. Led by the Aldrin Family Foundation (AFF), other Project Ianos partners include Explorer At Large (XAL), Public Consulting Group (PCG), and the University of Kansas (KU). Through the team’s network of 75,000 US Public Schools, a projected 3.8 million students will benefit from Project Ianos’ content. Outreach programs will specifically target 5th-8th grade students in underserved and underrepresented communities.
About Explorer At Large (XAL)
The mission of Explorer At Large (XAL) is to create generations of curious and courageous explorers. XAL accomplishes its mission through an integrated ecosystem of engaging videos, hands-on activities, field trips, and family- and community-oriented experiences that foster an explorer’s mindset and skillset. More information can be found at www.exploreratlarge.com.
For more information, please contact Tony Keyes via e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tony Keyes
Phone: +1.571.345.4200
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer“ or “the Company“) today announced that the special meeting of stockholders of the Company (the “Pioneer special meeting”) to approve the issuance of Pioneer common stock pursuant to the merger agreement among the Company, Parsley Energy, Inc. (“Parsley”) and certain subsidiaries of the Company and Parsley, and other shares of common stock of the Company reserved for issuance in connection with the transactions contemplated by the merger agreement, is scheduled to take place on January 12, 2021 at 9:00 am Central Time. The record date for Pioneer stockholders entitled to vote at the Pioneer special meeting is the close of business on December 7, 2020.
Pioneer expects to file a definitive joint proxy statement/prospectus with the U.S. Securities and Exchange Commission relating to the proposed acquisition by Pioneer of Parsley and begin mailing the definitive joint proxy statement/prospectus to the Company’s stockholders in early December 2020. The definitive joint proxy statement/prospectus will be available on the “Investors” section of the Company’s website, as well as www.sec.gov.
As announced on October 20, 2020, Pioneer and Parsley have entered into a definitive merger agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction. Under the terms of the agreement, Parsley stockholders will receive a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. The Pioneer board unanimously recommends that Pioneer stockholders vote “FOR” the Pioneer stock issuance proposal.
Pioneer stockholders who need assistance in completing the proxy card, require additional copies of the proxy materials, or have questions regarding the Pioneer special meeting may contact Pioneer’s proxy solicitor, D.F. King & Co., Inc., 48 Wall Street, 22nd Floor, New York, NY 10005. Banks and brokers can call collect at (212) 269-5550, and all others call toll-free at (800) 859-8509. Additionally, requests can be submitted by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed transaction between Pioneer and Parsley. The proposed transaction will be submitted to Pioneer’s stockholders and Parsley’s stockholders for their consideration. Pioneer and Parsley have filed a joint proxy statement/prospectus (the “Joint Proxy Statement/Prospectus”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies by Pioneer and Parsley in connection with the proposed transaction. Pioneer has filed a registration statement on Form S-4 (the “Form S-4”) with the SEC, in which the Joint Proxy Statement/Prospectus was included. The information in the Form S-4 is not complete and may be changed. Pioneer and Parsley also intend to file other relevant documents with the SEC regarding the proposed transaction. After the Form S-4 is declared effective by the SEC, the definitive Joint Proxy Statement/Prospectus will be mailed to Pioneer’s stockholders and Parsley’s stockholders. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, INVESTORS AND STOCKHOLDERS OF PIONEER AND INVESTORS AND STOCKHOLDERS OF PARSLEY ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY DO AND WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
The Joint Proxy Statement/Prospectus, any amendments or supplements thereto and other relevant materials, and any other documents filed by Pioneer or Parsley with the SEC, may be obtained once such documents are filed with the SEC free of charge at the SEC’s website at www.sec.gov or free of charge from Pioneer at www.pxd.com or by directing a request to Pioneer’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it. or free of charge from Parsley at www.parsleyenergy.com or by directing a request to Parsley’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it..
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
Pioneer, Parsley and certain of their respective executive officers, directors, other members of management and employees may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies in connection with the proposed transaction. Information regarding Pioneer’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 9, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 24, 2020. Information regarding Parsley’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 6, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 21, 2020. These documents may be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is and will be contained in the Form S-4, the Joint Proxy Statement/Prospectus and other relevant materials relating to the proposed transaction to be filed with the SEC. Stockholders and other investors should read the Joint Proxy Statement/Prospectus carefully before making any voting or investment decisions.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices, product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity; competition; the ability to obtain environmental and other permits and the timing thereof; other government regulation or action; the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms; litigation; the costs and results of drilling and operations; availability of equipment, services, resources and personnel required to perform the Company’s drilling and operating activities; access to and availability of transportation, processing, fractionation, refining, storage and export facilities; Pioneer's ability to replace reserves; implement its business plans or complete its development activities as scheduled; access to and cost of capital; the financial strength of counterparties to Pioneer's credit facility, investment instruments and derivative contracts and purchasers of Pioneer's oil, natural gas liquids and gas production; uncertainties about estimates of reserves and resource potential; identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying forecasts, including forecasts of production, cash flow, well costs, capital expenditures, rates of return, expenses, and cash flow from purchases and sales of oil and gas, net of firm transportation commitments; sources of funding; tax rates; quality of technical data; environmental and weather risks, including the possible impacts of climate change; cybersecurity risks; ability to implement stock repurchases; the risks associated with the ownership and operation of the Company's oilfield services businesses and acts of war or terrorism. These and other risks are described in Pioneer's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q filed thereafter and other filings with the United States Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse effect on it.
Additionally, the information in this news release contains forward-looking statements related to the recently announced merger transaction between the Company and Parsley. Such forward-looking statements are subject to risks and uncertainties that are difficult to predict and, in many cases, beyond the Company's control. These risks and uncertainties include, among other things, the risk that the businesses of Pioneer and Parsley will not be integrated successfully; the cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; management time may be diverted on transaction-related issues; the potential adverse effect of future regulatory or legislative actions on Pioneer and Parsley or the industries in which they operate, including the risk of new restrictions with respect to development activities on Pioneer's or Parsley's assets; the credit ratings of the combined company or its subsidiaries may be different from what Pioneer expects; Pioneer or Parsley may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or that required governmental and regulatory approvals may delay the proposed transaction or result in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction; a condition to closing of the proposed transaction may not be satisfied; the length of time necessary to consummate the proposed transaction may be longer than anticipated for various reasons; potential liability resulting from pending or future litigation related to the proposed transaction; the potential impact of the announcement or consummation of the proposed transaction on relationships with customers, suppliers, and competitors; and transaction costs may be higher than anticipated.
Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens - 972-969-5760
Christina Voss – 972-969-5706
LONDON--(BUSINESS WIRE)--#GlobalOffshoreWindCableMarket--The offshore wind cable market is expected to grow by USD 655.89 million, progressing at a CAGR of over 7% during the forecast period.
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The growing offshore renewable energy installations is one of the major factors propelling market growth. However, factors such as higher investments needed in offshore projects will hamper market growth.
More details: https://www.technavio.com/report/offshore-wind-cable-market-industry-analysis
Offshore Wind Cable Market: Geographic Landscape
By geography, Europe is going to have a lucrative growth during the forecast period. About 75% of the market’s overall growth is expected to originate from Europe. UK, Germany, and France are the key markets for Offshore Wind Cable Market in Europe.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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ST. PAUL, Minn.--(BUSINESS WIRE)--Securian Financial’s downtown St. Paul headquarters has been certified as energy-efficient by ENERGY STAR and supportive of healthy lifestyles by Fitwel.
ENERGY STAR certified buildings save energy and money and help protect the environment. To be certified, a building must meet strict energy performance standards set by the U.S. Environmental Protection Agency (EPA). Specifically, a building must earn an ENERGY STAR score of 75 or higher, indicating that it performs better than at least 75% of similar buildings nationwide.
Compared with their peers, ENERGY STAR certified buildings, on average, use 35% less energy, generate 35% fewer greenhouse gas emissions and cost $0.54 less per square foot to operate.
Both buildings on Securian Financial’s headquarters campus, located at 400 and 401 Robert Street North, earned ENERGY STAR certification this year.
In 2019, Securian Financial’s 400 Robert Street North location was the first building in Minnesota to be certified by Fitwel as supporting healthier lifestyles, earning a 1-star rating. This year, Securian Financial’s 401 Robert Street North location joins its sibling building across the street in earning Fitwel certification and raising the bar with a 2-star rating.
Developed by the U.S. Centers for Disease Control and Prevention and run by the Center for Active Design, the Fitwel certification recognizes work communities, inside and outside buildings, that support employees’ physical, mental and social health. Securian Financial earned certification after robust examination of its buildings, employee resources and the company’s participation in its downtown St. Paul neighborhood. Fitwel certifications are valid for three years.
“We are proud to continue to be recognized for having a healthy workplace for both our employees and the environment,” said Julio Fesser, Securian Financial’s vice president of facilities services. “As downtown St. Paul’s largest private employer, we are committed to being a good neighbor in our community and setting examples for others to emulate.”
ABOUT SECURIAN FINANCIAL
At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose: helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We’re committed to the markets we serve, providing insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most.
Securian Financial is the marketing name for Securian Financial Group, Inc. and affiliates.
DOFU 11-2020
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Progressive Mission Positions GridPoint as Key Player in Grid Modernization
RESTON, Va.--(BUSINESS WIRE)--GridPoint, a smart building technology innovator transforming the way businesses use energy, announced today it has been named the winner of Frost & Sullivan’s 2020 Best Practices Award for Global Energy Management Competitive Strategy Innovation and Leadership. This award recognizes a company that excels in strategy innovation and provides superior customer impact by driving demand, brand strength, and competitive differentiation.
GridPoint’s mission is to enable the world’s transition to an efficient and sustainable future through smart, grid-connected buildings. GridPoint’s hardware-enabled subscription offerings bridge the gap between commercial businesses, utilities, and technology partners to support grid modernization and bring outdated energy infrastructure to the 21st century. Powered by the best data, the platform identifies best-fit energy strategies, reduces waste, and makes buildings smarter through controls, automation, and machine learning.
For this award, Frost & Sullivan analysts independently evaluated two key factors across the nominees: strategy innovation and customer impact. These evaluations are put into a decision support scorecard, which benchmarks the criteria and identifies positions on a 10-point scale. GridPoint received the highest rating of 8.5/10, a full 2 points higher than its closest competitor.
The report cites that GridPoint’s “focus and dedication in continuous product development and strategy innovation resulted in a revolutionary energy management offering that Frost & Sullivan expects to bring about a positive disruption and transform the building energy management landscape. The company continues to deliver greater value for customers through new features, products, partnerships, and integrations, displaying the highest level of commitment towards client satisfaction. Its strong R&D culture, combined with extensive intellectual property and strategy excellence, enabled GridPoint to properly set itself apart and create strong product and market differentiators, thereby gaining a distinctive edge in a highly dynamic and competitive environment.”
“We are honored to be recognized as an industry leader by Frost & Sullivan,” says Mark Danzenbaker, CEO at GridPoint. “We believe our focus on creating greater customer value through technology integrations as well as leveraging channel partnerships to reach underserved and emerging markets has positioned GridPoint as a leading catalyst for the clean grid transition.”
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
About GridPoint
GridPoint is a smart building technology leader with a mission focused on enabling the world’s transition to an efficient and sustainable future through smart, grid-connected buildings. Our hardware-enabled subscription offerings bridge the gap between commercial businesses, utilities, and technology partners to support grid modernization and bring outdated energy infrastructure to the 21st century. Powered by the best data, our platform is designed to identify best-fit energy strategies, reduce waste, and make buildings smarter through controls, automation, and machine learning. GridPoint’s solutions are installed in over 15,000 locations including fortune 500 enterprises, small businesses, government organizations and industrial complexes. Learn more at www.gridpoint.com.
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SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (“QuantumScape”), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles (EVs), announced today that it will be providing a first look at its solid-state electric vehicle battery technology at its “Solid-State Battery Showcase” on December 8, 2020, at 11am ET. The event can be accessed via the following link: quantumscape.com/livestream.
Jagdeep Singh, Founder and Chief Executive Officer of QuantumScape, will unveil new performance data on QuantumScape’s unique solid-state battery technology, demonstrating how the company has addressed some of the fundamental issues that are holding back widespread adoption of solid-state batteries. The innovation in QuantumScape’s technology is designed to enable the EV industry to move beyond the performance and physical limits of the current lithium-ion design, which should facilitate more widespread electrification of the transportation sector and enable a lower-carbon future.
The event will also feature an all-star panel of battery scientists and automotive experts who will discuss their views on solid-state batteries and QuantumScape’s technology, and what this technological advancement could mean for the EV industry. The panel will include Prof. Stan Whittingham, co-inventor of the lithium-ion battery and winner of the 2019 Nobel prize in chemistry; Prof. Paul Albertus, former head of the US DOE ARPA-E IONCS solid-state battery program and professor of chemical engineering at the University of Maryland; Prof. Venkat Vishwanathan, battery expert, former lithium-air researcher, and professor of mechanical engineering at Carnegie-Mellon University; Prof. Juergen Leohold, former head of group research at Volkswagen; JB Straubel, co-founder and former CTO of Tesla, and co-founder and CEO of Redwood Materials. The panel will be moderated by Dr. Dave Danielson, first employee at ARPA-E, former head of the US DOE’s EERE program, Precourt scholar at Stanford University, and managing director at Breakthrough Energy Ventures.
About QuantumScape Corporation
QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company's mission is to revolutionize energy storage to enable a sustainable future.
For additional information, please visit www.quantumscape.com
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements. When used in this press release, the words “is designed to,” “could,” “should,” “enables,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements, including statements about other solid-state battery systems and their limitations, and our belief that our battery solution opens the industry up to the next generation of EVs, are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QS’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) QS faces significant barriers in its attempts to scale from a single layer pouch cell and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QS may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QS solid-state battery cells, which could prevent QS from commercializing products on a timely basis, if at all, (iii) QS may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells, and (iv) QS may not be successful in competing in the battery market. QS cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QS is set forth under the “Risk Factors” section in the proxy statement/prospectus/information statement filed by Kensington Capital Acquisition Corp. with the SEC on November 12, 2020 and available on the SEC’s website at www.sec.gov.
Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.
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Galán speaks with IHS Markit Vice Chairman Daniel Yergin for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations
WASHINGTON--(BUSINESS WIRE)--In the latest edition of CERAWeek Conversations, Ignacio S. Galán, chairman and CEO of Iberdrola—the world’s number one producer of wind power—says he is “more than delighted” with the growing competition in the renewable energy space from traditional oil and gas players and that the opportunities to electrify economies means that “there is room for everybody.”
In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Galán discusses Iberdrola’s pioneering role in wind technology, despite skepticism from regulators, investors and competitors; innovative approaches to the energy transition; the multifunctional applications of green hydrogen across industries; and Iberdrola’s $30 billion investment plans in the United States, which he calls a “core country” of the company.’
The complete video is available at: www.ceraweek.com/conversations
Selected excerpts:
Interview Recorded Wednesday, November 18, 2020
(Edited slightly for brevity only)
Watch the complete video at: www.ceraweek.com/conversations
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
New installments will be added weekly at www.ceraweek.com/conversations.
Recent segments also include:
A complete video library is available at www.ceraweek.com/conversations.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.
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Former Deepwater Wind Executive to Lead Maryland Developer
BALTIMORE--(BUSINESS WIRE)--Today, US Wind Inc. (“US Wind”) announced that it has named Jeffrey Grybowski as Chief Executive Officer. Grybowski will lead US Wind as the company embarks on development of a major offshore wind project off the coast of Maryland. In August, funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) committed to invest up to $265 million in convertible debt and equity to acquire an equity stake in US Wind and fund development and construction costs for its offshore wind project.
Grybowski is the former Chief Executive Officer of Deepwater Wind, the pioneering American offshore wind company. Under Grybowski’s leadership over nearly a decade, the company developed and constructed the Block Island Wind Farm, the first offshore wind farm in the United States, and secured a portfolio of offshore wind power contracts across multiple US East Coast states.
“We are very excited to have Jeff lead our team at US Wind,” said Riccardo Toto, Managing Director of Renexia SpA, the principal owner of US Wind. “His experience in navigating the complex development system in the United States is unmatched. We are building an innovative company at US Wind, and Jeff is the perfect person to lead it.”
Apollo’s Brad Fierstein, a member of US Wind’s board of directors, added, “Jeff is a proven leader in US offshore wind, and an excellent addition to the US Wind platform as we execute on our mission to bring clean energy and new jobs to Maryland.”
“I’m thrilled to be joining the US Wind team. We have big plans to deliver offshore wind to the state of Maryland,” said Grybowski. “This company had a strategic vision for offshore wind in the US long before others in Europe made the jump to this market. We will build on that vision and together with strong financial backing from Apollo Funds, we will make US Wind a major player in the offshore wind space, as a nimble and entrepreneurial company that knows how to execute complex projects in the US.”
US Wind was an early mover in the offshore wind sector in the United States by acquiring the 80,000-acre federal lease area off of the coast of Maryland in 2014. In 2017, the Company was awarded Offshore Renewable Energy Credits (ORECs) from the State of Maryland for the first phase of its MarWin project. In total, the Company’s lease area can support approximately 1,500 MW of offshore wind capacity. In 2019, Maryland passed the Clean Energy Jobs Act, which increased the state’s offshore wind requirements, calling for an additional 1,200 MW to be procured from developers with projects near Maryland.
About US Wind
US Wind was founded in 2011 and has established its position as a premier offshore wind energy development company in the United States. In 2014, US Wind obtained a federal lease for site control to develop approximately 1.5 GW of offshore wind power generation off the coast of Maryland. US Wind is majority owned by Renexia SpA, a leader in renewable energy development in Italy and a subsidiary of Toto Holding SpA. Toto Holding SpA has more than 40 years of experience specializing in large construction and infrastructure projects, primarily in the energy, transportation, and aviation sectors.
About Apollo
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.apollo.com.
Paula Hose, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Worldwide Adhesives in the Wind Energy Industry Competitive Analysis and Leadership Study" report has been added to ResearchAndMarkets.com's offering.
The adhesives in the wind energy industry manufacture landscape is diverse and continually evolving. Major players in adhesives in the wind energy industry market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives.
The dynamics of the adhesives in the wind energy industry market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.
Over the years, the level of demand for adhesives in the wind energy industry has increased due to significant installation of wind turbines with increasing prevalence of modular blades. Different types of adhesives are used in wind energy such as epoxy adhesives, polyurethane adhesives, and other adhesives and is forecast to grow at a CAGR of 4%. The major growth drivers for this market are the growth of new wind turbine installations and the increasing use of modular wind blades.
This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, six companies such as Henkel, 3M, Gurit, Momentive, Dow, and Aditya Birla were analyzed and profiled because they are the top revenue producers for adhesives in the wind energy industry.
The six profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics.
Key Topics Covered:
1. Leadership Analysis
1.1: Market Description
1.2: Scoring Criteria
1.3: Leadership Quadrant Analysis
1.3.1: Leaders (Top Right)
1.3.2: Contenders (Bottom Right)
1.3.3: Visionaries (Top Left)
1.3.4: Specialists (Lower Left)
2. Competitive Benchmarking
2.1: Product Portfolio Analysis
2.2: Financial Strength
2.3: Market Share Analysis
2.3.1: Market Share in Various Segments
2.3.2: Market Share in Various Regions
3. Henkel Profile
3.1: Company Overview
3.1.1: Henkel Company Description and Business Segments
3.1.2: Henkel Company Statistics
3.2: Adhesives in the Wind Energy Industry Business Overview
3.2.1: Adhesives in the Wind Energy Industry Business Segment
3.2.2: Global Adhesives in the Wind Energy Industry Operations
3.2.3: Key Differentiators and Strengths
3.3: Products and Product Positioning
3.3.1: Product Line Overview
3.3.2: Adhesives in the Wind Energy Industry Product Mapping
3.3.3: Product Positioning in Market Segments
3.4: Markets and Market Positioning
3.4.1: Market Position in Global Adhesives in the Wind Energy Industry Business
3.5: Revenue Breakdown by Market Segments
3.6: Revenue Breakdown by Regions
3.7: Production
3.7.1: Global Manufacturing Operations
3.8: Innovation and Market Leadership
3.9: Marketing, Sales, and Organizational Capabilities
3.9.1: Marketing and Sales
3.9.2: Management Commitment and Track Record
3.10: Financial Strength
4. 3M Profile
5. Gurit Profile
6. Momentive Profile
7. Dow, Profile
8. Aditya Birla Profile
For more information about this report visit https://www.researchandmarkets.com/r/vrljnq
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DUBLIN--(BUSINESS WIRE)--The "Fitment Indexation for Value Chain Players and Opportunity Breakup Analysis of Setting EV Charging Stations in India" report has been added to ResearchAndMarkets.com's offering.
To give push to clean mobility in India, Department of Heavy Industries (DHI) has sanctioned 2636 charging stations to get installed in 62 cities across 24 states under phase II of FAME scheme.
The Indian automotive industry has been slowing since the last quarter of calendar year 2018. Some of the key reasons responsible for this downturn were crunch in liquidity, increasing acquisition costs and weakening consumer sentiments. The outbreak of COVID-19 in 2020 has further led to fall in the sales of automobiles in India.
It is pertinent to note that the sales of passenger vehicles and two wheelers fall by 18% in 2020 as compared to last year, while sales of commercial vehicles declined by 29%. Amidst this economic fallout of automobile industry in India, a ray a hope lies with the Indian government pushing clean mobility in public transportation and taking significant initiatives for promoting electric vehicles and establishing efficient charging infra for the same.
The GoI intends to develop such a robust EV charging network that have at least one charging station will be available in most of the selected cities in a grid of 4 Km X 4 km which shall boost the confidence of EV users and will also lift the business sentiments of OEMs and other value chain players. During October 2020 Department of Heavy Industries (DHI) invited EoI for setting and availing incentives for deployment of EV charging infrastructure within the Indian cities. Of the received proposal, 2636 charging stations were sanctioned by the GoI. Of the approved charging stations, 1633 stations will be fast charging and 1003 shall be the slow charging stations.
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/bj42cg
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DUBLIN--(BUSINESS WIRE)--The "North America Geosteering Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product, Measurement-While-Drilling, Rotary Steerable Systems, Drive Systems, and Others and Application" report has been added to ResearchAndMarkets.com's offering.
Logging While Drilling (LWD) Segment to Dominate North America Geosteering Technology Market during 2019-2027
North America Geosteering Technology Market is expected to reach US$8,597.20 million by 2027 from US$4,988.03 million in 2019. The market is estimated to grow at a CAGR of 11.0% from 2020 to 2027.
The report provides trends prevailing in the North America geosteering technology market along with the drivers and restraints pertaining to the market growth. Rising demand for precise real-time information to achieve highest production and growing production of shale and resulting hike in horizontal and unconventional drilling are the major factor driving the growth of the North America geosteering technology market. However, high materials and manufacturing process cost hinder the growth of North America geosteering technology market.
In the case of COVID-19, the North America especially the US region witnessed an unprecedented rise in number of COVID cases which disrupted its manufacturing activities across several industry vertical including oil & gas sector and subsequently impacted the demand for geosteering technologies during the early months of 2020. Moreover, the considerable decline in overall global oil prices further restricted the oil drilling and other activities that negatively influenced the demand for geosteering services among its considerably large end-user base.
Similar trend was also witnessed in other North American countries i.e., Canada and Mexico. However, the countries are expected to overcome the swift drop in demand as the countries continue to open their economic activities especially in the latter half of 2020 for revival of business activities in various industry verticals. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation will impact the geosteering technology market growth of the North America region for the next few quarters.
The North America geosteering technology market is segmented in terms of product, application, and country. Based on the product, the market is segmented into logging while drilling (LWD), measurement-while-drilling (MWD), rotary steerable systems (RSS), drive systems, and others.
Logging while drilling (LWD) segment held the largest market share in 2019. Measurement-while-drilling (MWD) segment is expected to be fastest growing during forecast period. Based on the application, the market is segmented into petroleum development, natural gas transportation, and others. The petroleum development segment held the largest share of market in 2019 and is expected to be fastest growing segment during forecast period.
Cougar Drilling Solution Inc.; Emerson Paradigm Holding LLC; Exlog; Geonaft; Geotech Logging Services LLC; Halliburton Energy Services, Inc.; HMG Software LLC; ROGII Inc.; Schlumberger Limited; Terracosm Software, LLC are among the leading companies in the North America geosteering technology market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
For instance, in 2020, Emerson Paradigm Holding LLC released Paradigm 19 software suits for all its all E&P software domains which will save cost, increase workflow efficiency, and educed uncertainty. The software suite is available for cloud as well as on premise platform.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. North America Geosteering Technology Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Geosteering Technology Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Precise Real-Time Information to Achieve Highest Production
5.1.2 Growing Production of Shale and Resulting Hike in Horizontal and Unconventional Drilling
5.2 Market Restraints
5.2.1 High Materials and Manufacturing Process Cost
5.3 Market Opportunities
5.3.1 Increase in Initiatives for Digitization of Geosteering Technology by Market Players
5.4 Future Trends
5.4.1 Surge in Demand for Intensive R&D
5.5 Impact Analysis of Drivers and Restraints
6. Geosteering Technology Market - North America Analysis
6.1 North America Geosteering Technology Market Overview
6.2 North America Geosteering Technology Market - Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Market Players Ranking
7. North America Geosteering Technology Market Analysis - By Product
7.1 Overview
7.2 North America Geosteering Technology Market, By Product (2019 and 2027)
7.3 Logging While Drilling
7.4 Measurement-While-Drilling
7.5 Rotary Steerable Systems
7.6 Drive Systems
8. North America Geosteering Technology Market Analysis - By Application
8.1 Overview
8.2 North America Geosteering Technology Market, By Application (2019 and 2027)
8.3 Petroleum Development
8.4 Natural Gas Transportation
9. North America Geosteering Technology Market - Country Analysis
10. Impact of COVID-19 Pandemic- North America Geosteering Technology Market
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cngwxe
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AMES, Iowa--(BUSINESS WIRE)--#REG--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today changes to the organizational construct of its senior leadership team intended to accelerate the company’s performance as a leader in a rapidly growing industry.
Chad Stone will move from the Chief Financial Officer position into a newly created role of Senior Vice President, Commercial Performance, overseeing the company’s planning, scheduling and optimization functions to drive commercial performance of the business. Stone has been with REG as CFO since 2009.
Todd Robinson, currently Treasurer and Executive Director, Investor Relations, will serve as interim CFO.
Brad Albin will be promoted to Senior Vice President, Manufacturing & Engineering, with continued oversight for this critical part of the company. Albin has been with REG since 2006, during which time he has led the substantial development and growth of the company’s production fleet and engineering function.
Natalie Merrill will be promoted to Senior Vice President, Business Development. Merrill joined REG in 2007 as a Senior Financial Analyst and has served in a variety of roles with increasing responsibility over the past 13 years.
Trisha Conley and Bob Kenyon, both new additions to REG earlier this year, will each be promoted to Senior Vice President, overseeing people development and sales and marketing, respectively. Conley came to REG from BP and Kenyon from Atlas Oil Company, and both have years of industry-related expertise.
“I am delighted to announce these exciting changes to our leadership team,” said REG President & CEO, Cynthia “CJ” Warner. “We believe these changes will strengthen our senior leadership team and create a more streamlined reporting structure to accelerate growth in our areas of focus. We believe these organizational changes will allow us to better recruit, promote and develop strong talent within REG.”
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding changes to our organizational structure and the potential impacts of the changes to our senior leadership team. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially are described in REG's annual report on Form 10-K for the year ended December 31, 2019 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
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(515) 239-8184
Nonprofit Continues Commitment to Community-Driven Action Through Support of High-Quality Carbon Offsets
SAN FRANCISCO--(BUSINESS WIRE)--Cool Effect, a Bay Area based nonprofit focused on supporting projects around the world that reduce carbon emissions, is celebrating its five-year anniversary and a half decade of community-driven action in the fight against climate change. Launched at COP21 in Paris in 2015, the organization’s experience and knowledge of high-quality carbon offset projects predates its official launch by over 20 years.
Cool Effect has a mission to address the urgent climate crisis by encouraging individuals and businesses to understand and take responsibility for their emissions that cause global warming. A recent survey conducted by OnePoll on behalf of Cool Effect revealed that a majority of respondents believe climate change is currently the biggest threat to mankind. However, that same survey revealed that tangible action is lacking -- while nearly 88% feel they are knowledgeable about actions to fight climate change, the majority of respondents don’t know what their personal carbon footprint is and believe their personal emissions don’t have an impact on the problem.
“Extensive research has proven that humans cause climate change and our mission remains focused on providing opportunities to take measurable action in a transparent, meaningful way,” said Dee Lawrence, co-founder of Cool Effect. “To-date, we’re proud to have helped avoid, sequester or remove nearly 2.5 million tonnes of carbon from entering the atmosphere, but we are just getting started. With more education and options, individuals, businesses and organizations are stepping up.”
In recent years, consumers and employees have begun to put pressure on businesses to take responsibility for their impact on the planet. The OnePoll survey also revealed that nearly half of respondents believe that large corporations have a responsibility to reduce carbon emissions. The majority of respondents report they would go out of their way to purchase products from, or switch careers to work for a more sustainable company. This has sparked continued support from a variety of businesses.
“When we started on this journey five years ago, we were a passionate team eager to make a difference by offering a measurable way to fight the climate crisis. Our goal was to build trust in the carbon market and show individuals that every tonne matters. Businesses took notice,” said Jodi Manning, Vice President of Marketing and Partnerships at Cool Effect. “Now organizations of all sizes are stepping up. Employees and consumers are asking them to. We work with a variety of partners no matter where they are in their path to sustainability—whether they’re just getting started or leaning into long-term commitments.”
Cool Effect has forged partnerships with hundreds of businesses such as MLB, American Airlines, Crunchbase, Salesforce and Twitter, and has helped over 500,000 people understand their personal carbon emissions. Cool Effect provides ways to help reduce emissions, and support communities in need across the globe through high-quality carbon mitigation projects. But the work has just begun. In a recent survey of existing clients, over 65% say climate is a top priority for 2021 and 1 in 3 report that their journey is just getting started. Cool Effect is committed to the fight for years to come.
To learn more about Cool Effect or take action in the fight against climate change by supporting high-quality carbon reducing projects across the globe, visit cooleffect.org.
About Cool EffectTM
Cool Effect is a San Francisco Bay Area 501(c)3 nonprofit dedicated to reducing carbon emissions around the world by allowing individuals, businesses, organizations and universities to create a tangible impact on climate change by funding the highest quality carbon reduction projects that are verifiably and measurably reducing global warming emissions. The organization was founded by Dee and Richard Lawrence on their passionate belief that support of carbon offset projects will create a cumulative effect that will reduce and prevent carbon pollution. Like the Butterfly Effect, The Ripple Effect, and others, a single action can have global impact. To learn more, please visit cooleffect.org or follow Cool Effect on Facebook, Instagram, LinkedIn and Twitter.
Demonstrate PR on behalf of Cool Effect
Jenn Eiskamp
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415.400.4214
Leading fuel and energy commodity price reporting agency completes IOSCO assurance review for the seventh consecutive year as well as completes successful BMR assurance review
LONDON--(BUSINESS WIRE)--IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, is pleased to announce that IHS Markit Benchmark Administration Limited (IMBA) has completed its eighth assurance review regarding commodity, energy, agriculture and renewables benchmarks administered in accordance with the IOSCO Principles for Oils Price Reporting (IOSCO Principles). IMBA is authorized and regulated by the UK Financial Conduct Authority as a benchmark administrator.
This year, IMBA brought its Fertilizers portfolio (Fertecon) benchmarks—part of the Agribusiness portfolio—under assurance review, demonstrating the company’s commitment to the IOSCO Principles and market development.
The 2020 report includes the OPIS response to the IOSCO Principles, describing the policies, processes and control activities governing the assessment of in-scope commodity benchmarks. The report includes the findings of PricewaterhouseCoopers LLP (PwC), which independently reviewed those responses.
“The eighth successful assurance review by OPIS against IOSCO principles is a clear commitment to our customers that we are at the forefront of keeping with regulatory requirements and implementing compliance frameworks to address those requirements, ensuring we provide accurate and reliable benchmarks. This indicates our consistent focus on ensuring the price discovery process is robust,” said Steve Tan, vice president of strategic content for OPIS.
“We are encouraged to hear that our exchange-listed benchmarks continue to achieve healthy volume trades this year, which compels us to strive for continuous improvement in our quality assurance programs as a commitment to our stakeholders.”
IOSCO finalized its Principles for Oil Reporting Agencies in October 2012, which govern the quality, integrity and customer response policies of oil commodity spot market coverage. The IOSCO Principles for Oil Price Reporting Agencies are available here: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD391.pdf
BMR includes a regime specifically for commodity benchmarks, in Annex II. Details of BMR can be found here: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN
The IMBA page, including details of the IHS Markit Benchmark Administration Complaints Handling Policy, can be found here: https://ihsmarkit.com/products/benchmark-administration-uk.html
The full OPIS report including the annual independent assurance review is here: https://notices.opisnet.com/IOSCO
About OPIS (www.opisnet.com)
Oil Price Information Service (OPIS) by IHS Markit (NYSE: INFO) provides accurate pricing, real-time news and expert analysis across the global fuel supply chain, including the Spot, Wholesale Rack and Retail markets. OPIS and OPIS PetroChem Wire enable customers to buy and sell oil and gas products with confidence via easy access to transparent data, expert-level customer support, educational events and energy data solutions with Axxis Software and OPIS RetailSuite.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.
News Media Contact:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
+1 303 858 6417
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CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) announced today that its Board of Directors appointed Megan Faust and Keith Larson to serve as members of the Company’s Board.
“We are very pleased to welcome Megan and Keith to our Board of Directors,” said Peter Wallace, Lead Director of Rogers Corporation. “Megan is an active financial executive in technology manufacturing and Keith has extensive corporate development expertise in the technology space, so both are well aligned with our current operational model and strategic growth priorities. We look forward to working with both Megan and Keith on Rogers’ future success.”
Megan Faust is currently Executive Vice President and Chief Financial Officer of Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of outsourced semiconductor packaging and test services. She joined Amkor in 2005 and became Chief Financial Officer in 2016, after serving six years as its Corporate Controller. Before that, Ms. Faust served as an auditor with KPMG LLP for 10 years. Ms. Faust brings to the Board experience as an active senior executive in corporate finance and accounting in a global technology manufacturing company.
Keith Larson served as a Vice President of Intel Corporation (NASDAQ:INTC) and Senior Managing Director of Intel Capital, Intel’s strategic investment and M&A group, until his retirement in April 2019. He joined Intel in 1996, was appointed Vice President in 2006, and served as a Managing Director of Intel Capital from 2004 to 2018. Mr. Larson is currently a director of Northwest Pipe Co. (NASDAQ:NWPX). Mr. Larson brings to the Board experience as a senior executive in strategic planning and corporate development in a large multinational, technology-oriented public company as well as his experience in corporate governance.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers -- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.
Media:
Amy Kweder
Director, Corporate Communications
Phone: 480.203.0058
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Investors:
Steve Haymore
Director, Investor Relations
Phone: 480.917.6026
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Website address: https://www.rogerscorp.com
Mitsubishi Power and Black & Veatch Will Supply Turnkey Solution
LAKE MARY, Fla.--(BUSINESS WIRE)--#ChangeInPower--Alabama Power, a subsidiary of Southern Company (NYSE:SO), has selected a Mitsubishi Power JAC power island with advanced technology for a new unit at its James M. Barry Electric Generating Plant in Mobile County to help meet future reliability needs for customers. The 720 MW combined cycle unit comprises a JAC gas turbine, a steam turbine and a heat recovery steam generator. Mitsubishi Power will install the turnkey solution with Black & Veatch as a consortium.
With record-setting efficiency greater than 64 percent, the Mitsubishi Power JAC gas turbine power island provides industry-leading performance and flexibility to help Alabama Power meet the demands of its customers for clean and reliable energy.
Mitsubishi Power’s JAC power island also brings economic advantages for customers and the community. With its high efficiency and 99.5 percent reliability, the unit will be a source of low cost electricity for customers. The project is expected to employ more than 300 workers during construction and approximately 30 permanent employees when the unit enters commercial operation.
“The Mitsubishi Power JAC gas turbine’s proven performance and cost-effective operation fit our mission of providing our customers with safe, clean, reliable and affordable power, when they need it,” said Jim Heilbron, Alabama Power Senior Vice President and Senior Production Officer.
Black & Veatch brings an integrated Engineering, Procurement and Construction (EPC) solution that draws from more than 20 projects with Mitsubishi Power globally, resulting in streamlined project execution processes that maximize the potential of the local labor force.
“This project reflects the innovative approach that Alabama Power is taking to meet the future energy needs of its customers,” said Mario Azar, President of Black & Veatch’s Global Power business. “Our deep experience in advanced turbine technology in conjunction with Mitsubishi Power’s history of strong reliability will ensure the delivery of a quality-built and highly efficient project.”
“Our mission at Mitsubishi Power is to provide total solutions to our customers,” said Paul Browning, President and CEO of Mitsubishi Power Americas. “We’re working with Black & Veatch to support Alabama Power’s mission to meet the needs of its customers and support the economy in the Mobile area and across Alabama. Together with Alabama Power and Black & Veatch, we are creating 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 Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.
Communications Contacts
Sharon Prater
Mitsubishi Power
+1 407-688-6200
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Melina Vissat
Black & Veatch
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Leading Owner and Operator of U.S. Power Plants Announces New Remote Operating Center Launching Q1 2021
ALISO VIEJO, Calif.--(BUSINESS WIRE)--IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., announces the upcoming launch of its remote operating center (ROC). The ROC, headquartered and based in Aliso Viejo, Calif., expands IPSC’s operations and maintenance (O&M) service offerings to better support the renewable power generation sector including wind, PV solar, battery storage and more. Set for a Q1 2021 launch, the ROC will offer IPSC clients remote operation, monitoring and start/stop control of existing simple cycle gas turbine peaking projects to facilitate staffing optimization.
“Despite their marketing claims, most remote ‘operating’ centers currently only provide remote monitoring without actual operations capabilities,” said Steve Gross, president and chief executive officer at IPSC. “IPSC’s remote operating center will bring immense value to the market with its ability to implement both continuous remote monitoring AND remote operations – 24-hours-a-day, seven-days-a-week, 365-days-a-year.”
Fully staffed by qualified power professionals with extensive plant operations experience, IPSC’s ROC will meet and exceed NERC Medium Impact CIP security protocols to ensure the safety and protection of client assets. Its capabilities will also feature monitoring and diagnostic (M&D) services, incorporating advanced predictive analytics, data analysis, artificial intelligence, machine learning and IoT. This will enable IPSC to perform predictive and proactive maintenance of client equipment to increase the efficiency and reliability of their projects.
“As a premier provider of third-party O&M services, we forecasted the contraction of thermal generation, with the shift to renewable energy, and foresaw the future need of remote operation centers,” said Gross. “Remote operating centers allow companies to make the shift into renewable energy, while still allowing them to meet business and ROI goals by minimizing generation, transmission and consumption costs.”
IPSC is a highly responsive, results-focused leader in the power generation industry — known for providing world-class services to each facility and project it manages. As an owner-operator, IPSC understands that minimizing operational risks and maximizing value, while maintaining regulatory and environmental compliance is key to the success and longevity of every facility.
To learn more about IPSC and its new ROC coming soon, visit: www.ihipower.com.
ABOUT IHI POWER SERVICES CORP: IHI Power Services Corp’s (IPSC) parent company IHI Corporation, based in Tokyo, Japan, is a heavy industrial manufacturing and services company. The company is active in a number of industries, including aerospace, ship building, power generation, automotive and transportation infrastructure. IPSC was specifically formed to provide operations, maintenance, management and power plant support services to the U.S. power generation industry. The IPSC team of energy professionals deliver value-added service based on expertise gleaned through years of hands-on experience in the power generation industry. As an owner and operator, IPSC understands that minimizing operational risks and maximizing asset value while maintaining a safe work environment that is environmentally compliant is key to the success of every facility. By instituting proven programs, industry best practices and upholding the company’s guiding principles of growth, respect, accountability, integrity and lack of limitation – IPSC provides world-class service to each of the more than 30 facilities and 12.7 gigawatts it manages. For more information, visit www.ihipower.com and follow IPSC on LinkedIn.
Leslie Licano, Beyond Fifteen Communications, Inc
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