HOUSTON--(BUSINESS WIRE)--Calpine Corporation today announced the pricing of $900,000,000 in aggregate principal amount of its 3.750% Senior Secured Notes due 2031 in a private placement. The offering is expected to close on December 16, 2020, subject to customary closing conditions.
Calpine Corporation intends to use the proceeds from this offering, together with cash on hand (if necessary), to (i) repay approximately $515 million of borrowings outstanding under its first lien term loan facility maturing in 2024 (the “2024 First Lien Term Loan”), (ii) purchase $335 million in aggregate principal amount of its outstanding 5.250% Senior Secured Notes due 2026 (the “2026 Notes”) pursuant to a tender offer or a partial redemption of the 2026 Notes and (iii) pay premiums, fees and expenses relating to this offering, the repayment of the 2024 First Lien Term Loan and the partial redemption and/or purchase of 2026 Notes. Any net proceeds from the offering in excess of that used for the purposes described above will be used for general corporate purposes.
The notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration. The notes mentioned herein may be offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and nor shall there be any offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. This announcement does not constitute an offer to purchase, the solicitation of an offer to sell, or a notice to redeem any of the 2026 Notes.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation, including one under construction, represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, our ability to consummate the offering of the notes, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Other than as required by law, Calpine Corporation undertakes no obligation to update or revise any such statements, whether as a result of new information, future events or otherwise.
Media Contact:
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NEW YORK--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has awarded the definitive feasibility study (“DFS”) of its planned spodumene concentrate (“SC6”) operations in North Carolina to a combined team including Primero Group (“Primero”) and Marshall Miller & Associates (“Marshall Miller”). Marshall Miller will lead quarry design activities while Primero will advance the concentrator design, infrastructure design, and be responsible for overall study management.
The DFS will target production of 160,000 tonnes per year of SC6 as well as co-products including quartz and feldspar. The study will incorporate the results of the pilot level testwork currently ongoing at SGS Canada. Piedmont expects to complete the DFS in mid-2021 and pursue an investment decision for the concentrate operations shortly thereafter.
Piedmont remains fully committed to development of an integrated lithium hydroxide business in North Carolina and a DFS of a planned lithium chemical plant will commence in Q1 2021.
Earlier in 2020, Piedmont and Primero entered into an MOU to work together on an exclusive basis for project services including the DFS and future services including the EPC delivery, commissioning, ramp-up and contract operations of Piedmont’s spodumene concentrator. Primero is recognized as a world leader in design, delivery, and operations of spodumene projects and globally.
Piedmont has engaged with Marshall Miller since 2018 to advance mine design, permitting activities, survey, geotechnical study, waste rock and tailings storage design, and other engineering support services. Marshall Miller is an experience regional mining engineering firm based in Bluefield, Virginia with extensive experience in open pit mine and quarry design and permitting in North Carolina and throughout the eastern United States.
Keith D. Phillips, President and CEO of Piedmont, commented: “We are very pleased to be formally commissioning the definitive feasibility study for our concentrate operations, and to be working with industry leaders such as Primero and Marshall Miller. We will launch the DFS for our chemical operations in Q1 2021 and will be positioned to begin construction in mid-2021, which should be ideal timing given the vast demand for lithium hydroxide we expect beginning in the 2022-2023 time period.”
Click here to view the complete ASX Announcement.
Keith D. Phillips
President & CEO
T: +1 973 809 0505
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Timothy McKenna
Investor and Government Relations
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Al Williams Named Vice President, Corporate Affairs
Paul Antebi Appointed Vice President and General Tax Counsel
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today named Al Williams vice president of corporate affairs, effective March 1, 2021. The company also appointed Paul Antebi vice president and general tax counsel, effective February 1, 2021.
Williams, 52, succeeds Dale Walsh who is retiring after 38 years of distinguished service. Williams, currently managing director of Chevron Australia and head of the Australasia business unit, will oversee government affairs, public affairs, social investment and performance, and the company’s worldwide efforts to protect and enhance its reputation. He will report to Chevron Chairman and CEO Michael Wirth.
“Al’s career with Chevron has featured multiple international assignments as well as responsibility for some of our most important U.S.-based operations in all three segments of Chevron’s business – Upstream, Midstream and Downstream,” said Wirth. “He brings deep knowledge of our business, global perspective and is a proven leader. Al will be a valued addition to our leadership team at a time of increasing regulatory, social and political complexity for all our businesses.”
“I’m truly grateful to Dale for the contributions he’s made to Chevron’s success over the course of almost four decades,” Wirth added. “Dale has been a trusted advisor to me, an accomplished business leader and an outstanding colleague. Throughout his career in downstream, as well as his time as a corporate officer, Dale has demonstrated an unwavering commitment to creating value for all our stakeholders.”
In a separate appointment, Paul Antebi, 48, has been named vice president and general tax counsel. He succeeds C.N. (Sandy) Macfarlane, who is retiring after 36 years of outstanding performance. Antebi, currently Chevron’s Deputy General Tax Counsel, will be responsible for directing Chevron’s worldwide tax activities. Antebi will report to Chevron Vice President and CFO Pierre Breber.
“Over the course of his career at Unocal and Chevron, Paul has a track record of achievement, establishing himself as an expert in his discipline and a proven leader,” Wirth said. “Sandy has led our tax function with a high degree of professionalism and integrity for the last decade. He is a recognized leader across the tax industry and leaves a strong legacy of accomplishment and business partnership.”
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, Calif. More information about Chevron is available at www.chevron.com.
Braden Reddall -- +1 925-842-2209
DUBLIN--(BUSINESS WIRE)--The "Global Thin-Film Module Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
Global Thin-film PV module market was valued at US$9.027 billion in 2019 and is expected to grow at a CAGR of 3.74% over the forecast period to reach a total market size of US$11.253 billion in 2025.
Thin-film solar modules are made from thin-film solar cells. Thin-film solar cells (TFSCs) are the second-generation solar cells which are made from multiple thin-film layers of photovoltaic (PV) materials.
These solar cells have a very thin layer of thickness, measured in nanometers, as compared to conventional P-N junction solar cells. As such, thin-film PV modules are more flexible and lighter in weight and are used in developing integrated photovoltaics. The thin-film technology has been relatively economical despite being lesser efficient compared to the conventional c-Si (crystalline silicon) technology. However, this technology has significantly improved owing to constant research and development over the years. As a result of R&D, the efficiency of CdTe and CIGS PV cells is now over 21 per cent which has outperformed multi-crystalline silicon which still dominates the solar PV module industry.
North America holds a significant share in the global thin-film module market
By geography, the global thin-film module market has been segmented into five major regional markets- North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC).
North America accounted for a substantial share in the global thin-film module market in 2019. With tariff imposition on silicon-based PV modules by the United States in 2018, thin-film solar module manufacturing has increased in the country, with U.S. manufacturer First Solar being one of the major market players in the global thin-film module market. According to the EIA (the U.S. Energy Information Administration), the country manufactured more than 600 MW of thin-film modules in 2019. After this tariff imposition, 8 GW of imported PV modules did not tariff in 2019 while the majority of these modules (4.3 GW) were thin-film modules.
In October 2019, First Solar announced the start of production at its new PV module manufacturing facility in Ohio. This new production facility made the company's total annualized production capacity equal to 1.9 GW in the United States. Both Ohio production facilities manufacture Series 6 module, which is a larger CdTe thin-film solar module and comparable in size to conventional 72-cell crystalline silicon modules. Europe also holds a decent share in the global thin-film module market throughout the forecast period owing to rising R&D activities and high focus on the reduction of carbon footprints across the region.
Impact of COVID-19 on the global thin-film PV module market
The recent global pandemic outbreak caused due COVID-19 has negatively impacted the growth of thin-film PV module market. On the supply side, global supply chain disruption and reduction in productivity across manufacturing facilities due to mandatory social distancing measures has crippled the production of thin-film modules. On the demand side, solar installation have been hit hard by this pandemic with subsequent lockdown and declining business spending leading to postpone of several solar projects.
Companies Mentioned
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
4.5. Market Attractiveness
5. Global Thin-film PV module Market Analysis, By Type
5.1. Introduction
5.2. Copper Indium Gallium Diselenide (CIGS)
5.3. Amorphous Silicon (a-Si)
5.4. Cadmium Telluride (CdTe)
6. Global Thin-film PV module Market Analysis, By Application
6.1. Introduction
6.2. Building Integrated PV
6.3. Rooftop applications
6.4. Utility-scale applications
7. Global Thin-film PV module Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/6ox43s
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that on December 2, 2020, Civeo was notified by the New York Stock Exchange (NYSE) that the Company has regained compliance with the NYSE's continued listing standards.
On March 27, 2020, Civeo received notification from the NYSE that the Company had fallen below the continued listing standard to maintain a minimum average closing price of $1.00 per share over 30 consecutive trading days.
Civeo regained compliance after its average closing price for the 30 trading days ended November 30, 2020 and its closing price on November 30, 2020 both exceeded $1.00 per share. The below compliance (“.BC”) indicator has been removed from the Company’s common shares, and the Company was removed from the NYSE list of non-compliant issuers.
About Civeo
Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 28 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 30,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.
Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400
Jeffrey Spittel
FTI Consulting
832-667-5140
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the BofA Securities 2020 Leveraged Finance Virtual Conference. The conference is being held on December 2nd.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the ”Company”) announced a collaboration with Amazon Web Services, Inc. (AWS) to provide its customers greater insights into oilfield data, including materials and storage usage, trend analysis, equipment and performance analytics, and predictive maintenance features.
Solaris believes a data platform that can both process the record levels of data being generated by operators and oil service companies today and allow customization of data capture and display will give its customers a valuable tool for analysis and data interpretation. The resulting data analytics could be used to drive improvements in safety, efficiency and ultimately lower well costs.
In order to provide these individualized data solutions for its customers, Solaris leveraged multiple AWS analytics capabilities including Amazon Timestream, Amazon Kinesis, Amazon QuickSight, Amazon Athena, and Amazon SageMaker, AWS’s machine learning service that enables data scientists and developers to build, train, and deploy machine learning models quickly.
“We are pleased to work with Solaris, a leader in designing, manufacturing, and renting equipment to energy companies in the US,” Greg Pearson, Vice President, Worldwide Commercial Sales at Amazon Web Services, Inc. “Solaris sees the AWS Cloud as a strategic platform that helps offer increased functionality and lower costs, and transforms complex business and operational systems to enable a more sustainable energy future. By running on AWS, Solaris can use a wide portfolio of capabilities such as analytics and machine learning services to gain better visibility into inventory to reduce waste and proactively identify issues before they happen, which is crucial for energy supply chain optimization.”
“Our customers continue to focus on increasing operational efficiencies in order to maximize cash flow. We firmly believe that innovative data analytics will be a key driver in generating sustainable and quantifiable efficiencies for our customers. Through the use of data analytics and software, our end goal is to leverage machine learning to further automate processes, utilize predictive maintenance, and essentially do more with less, and AWS is helping us accomplish this,” Solaris’ Chairman and Chief Executive Officer Bill Zartler commented.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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Volvo Cars Tech Fund and NextGear Ventures Lead The Investment Round
BROOKLYN, N.Y.--(BUSINESS WIRE)--#Actasys--Actasys, Inc. (Actasys), a leader in applying aerodynamic principles to solve critical problems in the automotive and mobility industries, announced that it recently closed a $5M seed funding round. The investment was led by prominent automotive and mobility investors Volvo Cars Tech Fund and NextGear Ventures.
Actasys’ core technology, the ActaJet™ system, is an electronically controlled array of small actuator cartridges that generate strong jets of air without the need for rotary fans or compressors. The ActaJet system offers multiple safety and efficiency solutions to the automotive and mobility sectors. The lead ActaJet product is for the cleaning and clearing of sensors on vehicles and smart mobility systems. Sensors, such as Lidars, cameras, and infrared sensors, require clear surfaces to ensure optimal operation and safety. Clean sensors enable achievement of higher levels of assisted driving (ADAS) and ultimately autonomous operation. Actasys is working with Volvo Cars to develop an ActaJet sensor cleaning system for use on Volvo cars.
“We are pleased to have such knowledgeable and experienced investors supporting us, recognizing the acute need for sensor cleaning and our potential to greatly increase safety and operations across a wide range of environmental conditions,” said Miles Flamenbaum, CEO of Actasys. “Just one raindrop can alter sensor vision and perception. Our ActaJet system can restore that perception without expensive or difficult to integrate mechanical solutions, placing us in a unique position to enable the automotive and smart mobility industries to achieve a transformation of transportation.”
"We at Volvo Cars are focused on providing customers with the safest and most advanced driving experience,” said Pratik Budhdev, Global Investment Director, of Volvo Cars Tech Fund. “Actasys sits uniquely at the intersection of safety and enabling innovative vehicle driving technologies, which supports our strategy.”
“Actasys has been working with us through Drive's flagship program, FastLane, for the past year to refine their value proposition and business model and to foster relationships with leading OEM’s and Tier-1 suppliers,” said Dr. Tal Cohen, NextGear Ventures Managing Partner and Drive TLV Co-Founder. The market will be dominated by cars and devices equipped with multiple smart sensors that need to be cleaned in order to be effective. We were impressed by Actasys' unique sensor cleaning technology and their ability to solve critical problems in several industry sectors. The market opportunity size, the company's technological advantages and commercial traction, combined with a great team, gave us confidence in their ability to be successful.”
Actasys currently works with leading automotive and transportation companies to address needs for sensor cleaning in the vehicle sector as well as for other sensor critical uses such as robots, camera systems, and traffic monitoring. ActaJet products are also being developed for cooling of electronic components and electric vehicle battery packs as a smart, adaptive replacement of rotary fans or compressed air.
About Actasys, Inc.
Actasys is a development stage company commercializing its unique ActaJet technology for sensor cleaning and advance cooling systems and is establishing leadership in critical areas to enable the safe and efficient future of the automotive and mobility industries. Actasys has multiple product development partnerships with leading automotive and transportation companies and is backed by prominent automotive and mobility investors. For more information, please visit www.actasysinc.com.
Media Inquiries
Miles Flamenbaum, CEO
Actasys, Inc.
Phone: +1 877.722.8279 x700
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LONDON--(BUSINESS WIRE)--#FuelCellsforMarineVesselsMarket--The new fuel cells for marine vessels market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the fuel cells for marine vessels market.
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"One of the primary growth drivers for this market is the Need for Alternate Propulsion Systems,” says a senior analyst for the Industrials industry at Technavio.
Factors such as the release of harmful gases on combustion need for regular maintenance and high operating costs of the diesel engines and gas turbines have increased the adoption of electric propulsion systems. Although the primary electric propulsion systems installed diesel-electric or gas turbine drive systems in the marine industry, current systems have developed to integrate fuel cell technology. Fuel cells convert chemical energy directly into electrical energy, and the absence of expansive, high-temperature combustion in fuel cells offer the benefits of lower noise, vibrations, and NOx formation. As a result, fuel cells are increasingly energy-efficient conversion devices that provide clean, silent, and reliable power. These advantages of alternative propulsion systems and the application of fuel cells for such propulsion applications will drive market growth during the forecast period.
As the markets recover Technavio expects the fuel cells for marine vessels market size to grow by USD 64.91 million during the period 2020-2024.
Fuel Cells for Marine Vessels Market Segment Highlights for 2020
Regional Analysis
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Global Fuel Cell Commercial Vehicle Market: The fuel cell commercial vehicle market size has the potential to grow by 20.14 thousand units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
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AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will install replacement boiler pressure parts for a power plant in North America. The contract, valued at more than $20 million, was awarded to B&W’s subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC).
Under this contract, BWCC will install new superheater sections and furnace panels, some of which were designed and supplied by B&W under a previous contract, to help extend the life of the plant’s operations.
“B&W Thermal has unmatched experience with installing equipment to maintain and extend the operable lifespan of boilers and other equipment for the North American power fleet,” said B&W Chief Operating Officer Jimmy Morgan. “Whether installing or servicing B&W’s or our competitors’ equipment, we have the resources and knowledge to respond to customers’ needs and deliver reliable solutions.”
“As many of our competitors have stepped back from providing cost-effective plant maintenance and upgrades, B&W Thermal has stepped up to continue supplying these critically important services. We are seeing increasing demand from our customers as they plan long-term strategies in upgrading or converting technologies,” Morgan said.
Installation is scheduled to begin in February 2021, with completion anticipated later in the spring.
B&W Thermal is a single-source turnkey supplier of a full range of field construction, construction management and maintenance services. With significant experience with a wide range of projects — from large, complex projects to small unanticipated quick turnaround repair needs — B&W Thermal has the depth of knowledge and responsiveness necessary to safely deliver dependable services of any size at any facility.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. Babcock & Wilcox Thermal has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to install replacement boiler pressure parts for a power plant in North America. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investors:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
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Ryan Cornell
Public Relations
Babcock & Wilcox
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HOUSTON--(BUSINESS WIRE)--Calpine Corporation announced today that it has commenced a cash tender offer to purchase up to $335,000,000 in aggregate principal amount (the “Tender Cap Amount”) of its outstanding 5.250% Senior Secured Notes due 2026 (CUSIP Nos.: 131347 CK0 / U13055 AR6 / U13055 AS4) (the “Notes”) (the “Offer”). The terms and conditions of the Offer are described in an Offer to Purchase, dated December 2, 2020 (the “Offer to Purchase”).
The following table summarizes the terms of the Offer:
Title of Securities |
Principal Amount
|
Tender Offer
|
Early Tender
|
Total
|
||||
5.250% Senior Secured Notes due 2026 (CUSIP Nos.: 131347 CK0 / U13055 AR6 / U13055 AS4) |
$1,185,000,000 |
$1,017.25 |
$30.00 |
$1,047.25 |
|
||
(1) |
Per $1,000 principal amount of Notes tendered and accepted for purchase. |
|
(2) |
The Early Tender Payment is included in the Total Consideration for Notes tendered at or prior to the Early Tender Date. |
|
(3) |
Excludes accrued and unpaid interest from the last interest payment date up to, but not including, the applicable settlement date, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable. |
|
The Offer expires at 11:59 p.m., New York City Time, on December 30, 2020, unless extended or earlier terminated (the “Expiration Date”). The consideration for each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m. New York City Time on December 15, 2020, unless extended (the “Early Tender Date”), and accepted for purchase pursuant to the Offer will be the Total Consideration set forth in the table above. The consideration for each $1,000 principal amount of Notes validly tendered after the Early Tender Date and at or prior to the Expiration Date and accepted for purchase pursuant to the Offer will be the Tender Offer Consideration set forth in the table above, which consists of the Total Consideration less the Early Tender Payment set forth in the table above. Holders of Notes tendered after the Early Tender Date will not be eligible to receive the Early Tender Payment.
Holders of Notes validly tendered and accepted for purchase pursuant to the Offer will receive the applicable consideration described above, plus accrued and unpaid interest from the last interest payment date applicable to the Notes to, but not including, the applicable settlement date.
If the aggregate principal amount of Notes validly tendered exceeds the Tender Cap Amount, Calpine Corporation, if it accepts for purchase any Notes under such circumstances, will accept for purchase only an aggregate principal amount of Notes up to the Tender Cap Amount. In such circumstance, the amount of Notes purchased will be prorated, with the aggregate principal amount of each Holder’s validly tendered Notes accepted for purchase determined by multiplying each holder’s tender by a proration factor, and rounding the product down to the nearest $1,000. Furthermore, if the Offer is fully subscribed as of the Early Tender Date, holders who validly tender Notes following the Early Tender Date will not have any of their Notes accepted for purchase.
Tendered Notes may be withdrawn prior to 5:00 p.m., New York City time, on December 15, 2020 (the “Withdrawal Date”). Holders of Notes who tender their Notes after the Withdrawal Date, but at or prior to the Expiration Date, may not withdraw their tendered Notes. The consummation of the Offer is not conditioned upon any minimum amount of Notes being tendered, but is subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase, including, among others, Calpine Corporation consummating one or more financing transactions. Calpine intends to use a portion of the net proceeds from such financing transactions, together with cash on hand (if necessary), to fund the aggregate consideration and accrued interest for all Notes validly tendered (and not withdrawn) pursuant to the Offer and accepted for purchase by us, and to pay all fees and expenses incurred in connection with the Offer. Calpine Corporation intends to issue a conditional notice of partial redemption for the Notes to redeem $335 million in aggregate principal amount of the Notes less the aggregate principal amount of Notes purchased in the Offer. This announcement does not constitute a notice of redemption of the Notes.
J.P. Morgan Securities LLC has been retained as the dealer manager. D.F. King & Co., Inc. has been retained to serve as both the tender agent and the information agent. Persons with questions regarding the Offer should contact J.P. Morgan Securities LLC at (866) 834-4087 (U.S. toll-free) and (212) 834-4087 (collect). Copies of the Offer to Purchase and other related materials may be obtained online at www.dfking.com/calpine or by contacting D.F. King & Co., Inc. at (toll-free) (877) 478-5043 or (collect) (212) 269-5550 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
None of Calpine Corporation or its affiliates, its board of directors, the dealer manager, the tender agent and the information agent or the trustee for the Notes, makes any recommendation as to whether holders of the Notes should tender or refrain from tendering the Notes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of the Notes or any other securities in any state in which such offer, solicitation or sale would be unlawful. The Offer is made only through the use of the Offer to Purchase. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the Offer is required to be made by a licensed broker or dealer, the Offer will be deemed to be made on behalf of Calpine Corporation by the dealer manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation, including one under construction, represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Other than as required by law, Calpine Corporation undertakes no obligation to update or revise any such statements, whether as a result of new information, future events or otherwise.
Media Contact:
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Vice President, External Affairs
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) Chief Financial Officer John Chandler is scheduled to participate in virtual meetings with investors, including a fireside chat Q&A session, at the 2020 Wells Fargo Virtual Midstream Utility Symposium on Wednesday, December 9.
The fireside chat will begin at approximately 3:20 p.m. Eastern Time (2:20 p.m. Central Time), and a link to the live webcast, as well as a replay, will be available at https://investor.williams.com. A copy of the presentation used during the investor meetings will also be posted on the company’s website the morning of December 9.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
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INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
LONDON--(BUSINESS WIRE)--#apac--The new Natural Gas Utilities market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact of COVID-19 spreads.
As the markets recover SpendEdge expects the Natural Gas Utilities market size to grow by 259 USD billion during the period 2020-2024.
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the Natural Gas Utilities market. Download free report sample
Natural Gas Utilities Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Natural Gas Utilities research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers devise a cost-effective category management strategy.
Insights Delivered into the Natural Gas Utilities Market
This market intelligence report on Natural Gas Utilities answers to all the critical problems faced by investors who seek cost-saving opportunities in a competitive market. It also offers actionable anecdotes on the industry structure and supply market forecasts including highlights of the top vendors in this market. Our procurement experts have determined effective category pricing strategies that are attuned to the dynamics of this market which can be leveraged to maximize revenue generation against minimum investments on the products.
Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment
The reports help buyers understand:
This Natural Gas Utilities Market procurement research report offers coverage of:
For more information on the exact spend growth rate and yearly category spend, download a free sample.
This market intelligence report identifies the major costs incurred by suppliers and provides additional information on:
Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.
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Table of Content
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DUBLIN--(BUSINESS WIRE)--The "Pipeline Monitoring System Market Report: Trends, Forecast, and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global pipeline monitoring system market is expected to grow with a CAGR of 7% from 2019 to 2024.
The future of the pipeline monitoring system market looks promising with opportunities in the water and wastewater and crude and refined petroleum industries. The major growth drivers for this market are the need for increase in pipeline infrastructure, secure transportation of resources, increase in incidence of oil & gas leakage, rising oil & gas demand in developing economies, and increased government regulations for safety and monitoring.
Some of the pipeline monitoring systems companies profiled in this report include Atmos, Clampon, Future Fibre Technologies, Senstar, Syrinix, Radiobarrier, TTK (France), Krohne Group, Thales Group, and ABB Group.
Some of the features of 'Global Pipeline Monitoring System market 2019-2024: Trends, Forecast, and Opportunity Analysis' include:
This report answers the following 11 key questions:
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1: Macroeconomic Trends and Forecast
3.2: Global Pipeline Monitoring System Market: Trends and Forecast
3.3: Global Pipeline Monitoring System Market by Pipe Type
3.3.1: Metallic
3.3.2: Non-Metallic
3.3.3: Others
3.4: Global Pipeline Monitoring System Market by Technology
3.4.1: PIGs
3.4.2: Smart Ball
3.4.3: Ultrasonic
3.4.4: Magnetic Flux Leakage Technology
3.4.5: Others
3.5: Global Pipeline Monitoring System Market by Application
3.5.1: Leak Detection
3.5.2: Operating Condition
3.5.3: Pipeline Break Detection
3.5.4: Others
3.6: Global Pipeline Monitoring System Market by End-Use Industry
3.6.1: Crude & Refined Petroleum
3.6.2: Water & Wastewater
3.6.3: Others
4. Market Trends and Forecast Analysis by Region
4.1: Global Pipeline Monitoring System Market by Region
4.2: North American Pipeline Monitoring System Market
4.2.1: Market by Pipe Type: Metallic, Non-Metallic, and Others
4.2.2: Market by Technology: PIGs, Smart Ball, Ultrasonic, Magnetic Flux Leakage Technology, and Others
4.2.3: Market by Application: Leak Detection, Operating Condition, Pipeline Break Detection, Others
4.2.4: Market by End-Use Industry: Crude & Refined Petroleum, Oil, Natural Gas, Biofuel, Water & Wastewater and Others
4.3: European Pipeline Monitoring System Market
4.4: APAC Pipeline Monitoring System Market
4.5: ROW Pipeline Monitoring System Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Global Pipeline Monitoring System Market by Pipe Type
6.1.2: Growth Opportunities for Global Pipeline Monitoring System Market by Technology
6.1.3: Growth Opportunities for Global Pipeline Monitoring System Market by Application
6.1.4: Growth Opportunities for Global Pipeline Monitoring System Market by End-Use Industry
6.1.5: Growth Opportunities for Global Pipeline Monitoring System Market by Region
6.2: Emerging Trends in Global Pipeline Monitoring System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global Pipeline Monitoring System Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Pipeline Monitoring System Market
7. Company Profiles of Leading Players
7.1: Atmos
7.2: Clampon
7.3: ABB Group
7.4: Future Fibre Technologies
7.5: Senstar
7.6: Syrinix
7.7: Radiobarrier
7.8: TTK (France)
7.9: Krohne Group
7.10: Thales Group
For more information about this report visit https://www.researchandmarkets.com/r/pt1qu4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Global leader in air refuelling systems delivering bespoke probe solutions tailored to individual customer requirements
WIMBORNE, United Kingdom--(BUSINESS WIRE)--Cobham Mission Systems, the world leader in air refuelling probe solutions, announced today it has been awarded a prime contract from Korea Aerospace Industries Ltd. (KAI) to deliver an air refuelling probe solution for its FA-50 advanced jet aircraft. Under this contract, Cobham Mission Systems will design, develop and qualify a telescopic probe solution, which the company anticipates will lead to future serial production requirements for KAI’s customer base.
Equipping the FA-50 with an air refuelling probe will enable air refuelling from hose and drogue tankers, enhancing the aircrafts operational flexibility and interoperability.
“Having supported KAI for over a decade, we are delighted to deliver this new operational capability for their impressive FA-50 jet,” said Russell Bailey, vice president air-to-air refuelling for Cobham Mission Systems in the UK.
“Recognised for providing leading edge and optimised solutions to meet the air refuelling capability requirements of Air Forces around the world, Cobham Mission Systems is uniquely placed to deliver this project. Our dedicated team looks forward to collaborating closely with KAI to create a bespoke probe design for the FA-50 that will deliver an enhanced operational capability to end users.”
Cobham Mission Systems is globally recognised as the market leader for bespoke air-to-air refuelling solutions for aircraft tanker and military aircraft. At the leading edge of probe design and manufacture, the company has a deep understanding of complex air-to-air refuelling probe requirements and specialist expertise from probe design, development and qualification to serial production and in-service support.
For more information on Cobham Mission Systems air refuelling probe solutions, visit www.cobhammissionsystems.com.
About Cobham Mission Systems
As the world’s leading supplier of critical control solutions, Cobham Mission Systems helps customers increase the safety and mission capabilities of personnel and equipment in extreme environments. Proven and trusted solutions include air-to-air refuelling, fuel tank inerting, life support, space propulsion, weapons carriage and missile actuation that enable customers to achieve mission success. www.cobhammissionsystems.com
Media Contact:
On behalf of Cobham Mission Systems
Joyce Bosc
(301) 717-9529
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Participation in Global Industry Initiatives and Recognition Highlights for 2020
PARSIPPANY, N.J.--(BUSINESS WIRE)--AdvanSix (NYSE: ASIX) continues to build a broad platform for sustainability and corporate social responsibility across its organization and with stakeholders. A focus on continuously improving performance and core values of safety, integrity, accountability and respect propelled the company’s progress and achievements in 2020.
“Our sustainability efforts continue to mature in concert with our strategic priorities of operational excellence, enhancing portfolio resiliency and strong capital stewardship,” said Erin Kane, president and CEO of AdvanSix. “At AdvanSix, environmental, social and economic sustainability is essential to our business, especially in our relationships with key stakeholders, as we make products the world values. We embrace more every day about what it means to be a sustainable organization, leading, learning and collaborating across the chemical and broader industry environment.”
AdvanSix is a long-time, proud member of the American Chemistry Council (ACC) and manages its operations in a safe, secure and sustainable manner in accordance with the Responsible Care® Guiding Principles. In addition to the ACC, AdvanSix was proud to join this year with other industry leaders in global initiatives:
Together for Sustainability
In November, AdvanSix joined Together for Sustainability (TfS), a global, procurement-driven initiative that delivers a groundbreaking framework with robust tools to assess and improve the sustainability performance of chemical companies and their suppliers. TfS delivers the de facto global standard for environmental, social and governance performance of chemical supply chains. The program is based on the UN Global Compact and Responsible Care® principles. AdvanSix is one of 29 multinational TfS member companies.
Operation Clean Sweep®
Operation Clean Sweep (OCS) is the stewardship campaign organized by the Plastics Industry Association and the American Chemistry Council’s Plastics Division designed to achieve zero pellet, flake and powder loss, and help keep material out of the marine environment. AdvanSix signed the OCS pledge in September, highlighting its commitment as a leading nylon resin provider in the North American plastics industry, and has begun to implement the program at its Chesterfield, Va. site, where employees are performing assessments and preventing chip loss at the point of origin. Additional training and process improvements are ongoing, as the team works to fulfill the pledge of the OCS campaign.
EcoVadis
AdvanSix was awarded a 2020 Gold Rating for corporate social responsibility (CSR) by EcoVadis, an independent CSR assessment agency in January. This was the first time AdvanSix participated in the assessment, which includes evaluations in the areas of Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, and was ranked among the top four percent of chemical industry peers.
Several governance initiatives drive the organization’s approach to CSR and sustainability:
Health, Safety, Environmental and Sustainability (HSE&S) Committee of the Board of Directors
In February, the Board of Directors established the HSE&S Committee of the Board with primary responsibilities to include overseeing, reviewing and providing guidance on HSE&S management systems, reporting processes and systems of internal controls, climate change, and social and public policy programs to ensure compliance and consistency with business strategy and creation of stakeholder value.
Sustainability Council
Our Sustainability Council, which reports regularly to the HSE&S Committee, is comprised of subject matter experts throughout the organization. Part of the Council’s mission is to advance our path forward by remaining true to our core values, serving as a responsible corporate citizen, adapting to the needs of our stakeholders and delivering innovative ideas for a sustainable future.
AdvanSix publishes a Sustainability Report annually, providing an overview of the company’s environmental performance, corporate social responsibility and ethics and governance policies, and as a way to advance and engage in a dialogue among employees, customers, suppliers, shareholders and other stakeholders. This year’s report was developed in alignment with the Global Reporting Initiative (GRI) Standards Core, supplemented with disclosures using guidance of the Sustainability Accounting Standards Board (SASB) as well as the Task Force on Climate-related Financial Disclosures (TCFD).
About AdvanSix
AdvanSix is a leading manufacturer of Nylon 6, a polymer resin which is a synthetic material used by our customers to produce fibers, filaments, engineered plastics and films that, in turn, are used in such end-products as carpets, automotive and electronic components, sports apparel, food packaging and other industrial applications. As a result of our backward integration and the configuration of our manufacturing facilities, we also sell caprolactam, ammonium sulfate fertilizer, acetone and other intermediate chemicals, all of which are produced within unit operations across our integrated manufacturing value chain. More information on AdvanSix can be found at http://www.advansix.com.
Forward Looking Statements
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "expect," "anticipate," "estimate," “outlook,” "project," "strategy," "intend," "plan," "target," "goal," "may," "will," "should" and "believe" and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally, including the impact of the coronavirus (COVID-19) pandemic and any resurgences; the scope and duration of the pandemic and pace of recovery; the timing of the development and distribution of an effective vaccine or treatment for COVID-19; governmental, business and individuals’ actions in response to the pandemic, including our business continuity and cash optimization plans that have been, and may in the future be, implemented; the impact of social and economic restrictions and other containment measures taken to combat virus transmission; the effect on our customers’ demand for our products and our suppliers’ ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services, including as a result of travel and other COVID-19-related restrictions; the ability of our customers to pay for our products; and any closures of our and our customers’ offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks and disruptions to our technology infrastructure; risks associated with employees working remotely or operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost or at all due to economic conditions resulting from COVID-19 or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters and pandemics including the COVID-19 pandemic; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; cybersecurity, data privacy incidents and disruptions to our technology infrastructure; failure to maintain effective internal controls; disruptions in transportation and logistics; our inability to achieve some or all of the anticipated benefits of our spin-off including uncertainty regarding qualification for expected tax treatment; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, as updated in subsequent reports filed with the SEC.
Media
Debra Lewis
(973) 526-1767
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Investors
Adam Kressel
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #RNG--Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) today announced that over the course of the last two weeks the company has received $4.5 million in gross proceeds from the exercise of 7,303,000 share purchase warrants, which entitled the warrant holders the right to purchase common shares of Greenlane at either $0.26 or $0.70.
As a reminder, the Company issued share purchase warrants in connection with its financing that closed June 3, 2019, which entitled each holder the right to purchase one common share of the Company at an exercise price of $0.26 per share for a two-year period ending June 3, 2021. The Company also issued share purchase warrants in connection with its financing that closed February 19, 2020, which entitled each holder the right to purchase one common share of the Company at an exercise price of $0.70 per share for a one-year period ending February 19, 2021.
Out of the 7,303,000 warrants exercised, 1,438,000 were in connection with the June 3, 2019 financing and 5,865,000 warrants were in connection with the February 19, 2020 financing.
A total of 23,582,347 warrants (or $6.1 million) exercisable at a price of $0.26 remain and a total of 5,635,000 warrants (or $3.9 million) exercisable at a price of $0.70 remain.
As a result of the recent exercises of warrants and company stock options, the Company has approximately 106.7 million total shares outstanding as at December 1, 2020.
“The warrant exercises strengthen our balance sheet and show a vote of confidence in Greenlane’s business model and our future growth prospects,” said Brad Douville, President and CEO of Greenlane.
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 110 biogas upgrading systems supplied into 18 countries worldwide, including the world’s largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers, gas utilities or project developers turn a low-value product into a high-value low-carbon renewable resource. For further information, please visit www.greenlanerenewables.com.
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
The Mobility House smart charging system now operational as construction for landmark 4.35MW project continues
BELMONT, Calif.--(BUSINESS WIRE)--The Mobility House has delivered its comprehensive smart charging solution to the largest U.S. battery-electric bus fleet charging project for Metro Transit in the St. Louis region. Working for New Flyer of America, Inc. (New Flyer), the 4.35MW charging project has the first of its 20 150kW and three 450kW chargers now operating intelligently with the use of the Charging and Energy Management system ChargePilot from The Mobility House. ChargePilot adjusts the charging performance of electric buses according to real-time travel schedules, as well as the local utility Ameren Missouri’s time-of-use tariffs and peak demand charges, to deliver charging at the lowest cost to Metro Transit.
“With over 10 percent of the European bus market intelligently controlled by our technology, we are bringing a wealth of best practices and lessons learned in electric fleet charging management to this landmark project in St. Louis,” said The Mobility House U.S. Managing Director Greg Hintler. “Our experience at more than 500 commercial installations around the world and with automotive partners ranging from Audi to Tesla, has illustrated why our open standards-based approach to smart charging management not only optimizes charging costs but also future-proofs operations. As fleets scale their EV operations, it is interoperable systems that will ensure different chargers interface with other on-site systems regardless of vendor.”
The Mobility House optimizes depot charging infrastructure and plans for managing overhead in-route charging to ensure Metro Transit buses maintain a sufficient state-of-charge to complete all scheduled operations. The ChargePilot charging and energy management system can save more than 30 percent in operational charging costs versus unmanaged charging by reducing peak load and demand charges as well as through time-of-use (TOU) tariff optimization where charging is scheduled during the most cost-effective times.
The Metro Transit project joins the hundreds of other electric fleet projects for The Mobility House, such as the Avinor Oslo airport fleet and Connexxion Schiphol airport fleet in Amsterdam with 100 electric buses. The Mobility House’s ChargePilot smart charging and energy management solution allows system operators to charge electric vehicles in transit depots, commercial office parking lots or multi-unit dwelling complexes of any size at the lowest electricity rate by intelligently distributing available grid power. With The Mobility House ChargePilot solution, operators benefit from reduced cost of ownership, secure local and cloud-based asset management and control, and a scalable modular design that operates with myriad equipment manufacturers and systems.
To learn more about The Mobility House charging and energy management solutions or the Metro Transit project in the St. Louis region, visit mobilityhouse.com.
About The Mobility House
The Mobility House mission is to create an emissions-free energy and mobility future. Since 2009, the company has developed an expansive partner ecosystem to intelligently integrate electric vehicles into the power grid, including electric vehicle charger manufacturers, 400+ installation companies, 40+ energy suppliers, and automotive manufacturers ranging from Audi to Tesla. The Mobility House’s unique vendor-neutral and interoperable technology approach to smart charging and energy management has been successful at over 500 commercial installations around the world. The Mobility House has 140 employees across its operations in Munich, Zurich and Belmont, Calif. For more information visit mobilityhouse.com.
Christine Bennett for The Mobility House
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DUBLIN--(BUSINESS WIRE)--The "Global Concentrated Solar Power (CSP) Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
Global concentrated solar power (CSP) market was valued at US$1.107 billion in 2019 and is expected to grow at a CAGR of 10.37% over the forecast period to reach a total market size of US$2.001 billion in 2025.
Concentrated solar power (CSP) plants use mirrors to concentrate the sun's energy to run conventional steam turbine or engines that generate electricity. The thermal energy concentrated in a CSP plant can be stored and used to generate electricity as per requirement, day or night. CSP technology generates electricity by focusing on sunlight.
The concentrated sun's energy is converted into high-temperature heat which is then channeled through a conventional generator. The CSP plant consists of two parts: the first one collects the solar energy and converts it into heat, and the second converts the heat energy into electricity. CSP systems are able to supply solar power on-demand through the use of thermal storage, helping to address grid integration challenges related to the variability of solar energy and enabling solar-generated heat to be stored until the electricity is needed. In addition to powering a turbine, CSP technology can also be used as heat in a variety of industrial applications such as water desalination, food processing, enhanced oil recovery, mineral processing, and chemical production.
By type, power towers is the most popular variant
By type, the global concentrated solar power (CSP) market has been segmented into parabolic trough (PT), solar tower (ST), solar dish (SD), and fresnel reflector (FR). Solar power towers segment holds a considerable share in the global concentrated solar power (CSP) market. Solar power towers make the use of flat sun-tracking mirrors on a large field. These mirrors, called heliostats, reflect and concentrate sunlight onto a receiver on the top of a tower. Parabolic trough segment is projected to grow at a decent CAGR during the forecast period.
North America holds a significant share in the global concentrated solar power (CSP) market
By geography, the global concentrated solar power (CSP) market has been segmented into five major regional markets- North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC).
North America accounted for a substantial share in the global concentrated solar power market in 2019. Currently, approximately 1,815 MW of CSP plants are in operation in the United States. Europe also holds a noteworthy share in the global concentrated solar power (CSP) market with booming investments in Spain. Furthermore, new tariff legislation, growing need for storage, and proven plant performance have further boosted the investors' confidence in Spanish Concentrated Solar Power ownership. Recently in February 2020, Mitsubishi Corporation entered the concentrated solar power (CSP) market with its investments in four CSP power plants in Spain, held by Spanish solar power giant, Acciona, with owning 15 per cent of its share.
Impact of COVID-19 on the global concentrated solar power (CSP) market
The recent global pandemic outbreak caused due COVID-19 has affected the growth of concentrated solar power market. The demand side has negatively impacted on account of nationwide lockdowns which, in turn, has caused a turmoil in the global economic growth, resulting in declining business spending and investments in new projects. On the supply side, global supply chain disruption along with the falling productivity across manufacturing facilities due to mandatory social distancing measures has also reduced the production of concentrated solar power systems. On the demand side, solar installation have been hit hard by this pandemic with subsequent lockdown and declining business spending leading to postpone of several solar projects.
Companies Mentioned
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
4.6. Market Attractiveness
5. Global Concentrated Solar Power Market Analysis, By Type
5.1. Introduction
5.2. Parabolic Trough (PT)
5.3. Solar Tower (ST)
5.4. Solar Dish (SD)
5.5. Fresnel Reflector (FR)
6. Global Concentrated Solar Power Market Analysis, By End User
6.1. Introduction
6.2. Commercial
6.3. Industrial
7. Global Concentrated Solar Power Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
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DUBLIN--(BUSINESS WIRE)--The "Containerized Solar Generators - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Containerized Solar Generators Market to Reach $543.3 Million by 2027.
Amid the COVID-19 crisis, the global market for Containerized Solar Generators estimated at US$363.1 Million in the year 2020, is projected to reach a revised size of US$543.3 Million by 2027, growing at a CAGR of 5.9% over the period 2020-2027.
Off-Grid, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$358.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Grid Connected segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $107.2 Million, While China is Forecast to Grow at 5.5% CAGR
The Containerized Solar Generators market in the U.S. is estimated at US$107.2 Million in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$95.4 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy-side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9emckx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
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