DUBLIN--(BUSINESS WIRE)--The "Global Terminal Automation Market in the Oil and Gas Industry 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The terminal automation market in the oil and gas industry is poised to grow by USD 481.37 million during 2020-2024 progressing at a CAGR of 3% during the forecast period.

The report on terminal automation market in the oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the global expansion in oil terminals, increasing demand for attaining operational efficiency and global increase in demand for crude oil and natural gas.

The terminal automation market in the oil and gas industry market analysis includes product segment, application segment and geographical landscapes. This study identifies the emergence of IoT and cloud integration as one of the prime reasons driving the terminal automation market in the oil and gas industry growth during the next few years. Also, increasing trend of terminals owned by independent players and rising investment in LNG will lead to sizable demand in the market.

Companies Mentioned

• ABB Ltd.
• Emerson Electric Co.
• Honeywell International Inc.
• Implico GmbH
• Inter Pipeline
• Leidos Holdings Inc.
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Yokogawa Electric Corp.

The report covers the following areas:

• Terminal automation market in the oil and gas industry sizing
• Terminal automation market in the oil and gas industry forecast
• Terminal automation market in the oil and gas industry analysis

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influences. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Value chain analysis

3. Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

4. Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

5. Market Segmentation by Product

• Market segments
• Comparison by Product
• Hardware - Market size and forecast 2019-2024
• Software - Market size and forecast 2019-2024
• Services - Market size and forecast 2019-2024
• Market opportunity by Product

6. Market Segmentation by Application

• Market segments
• Comparison by Application
• Oil terminal - Market size and forecast 2019-2024
• Natural gas terminal - Market size and forecast 2019-2024
• Market opportunity by Application

7. Customer landscape

• Overview

8. Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

9. Vendor Landscape

• Overview
• Landscape disruption

10. Vendor Analysis

• Vendors covered
• Market positioning of vendors

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/1nudbn

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Kuwait Projects, H2 2020 with COVID-19 Impact Update - MEED Insights" report has been added to ResearchAndMarkets.com's offering.

Kuwait is currently the fourth largest Projects, market in the GCC after the United Arab Emirates, Saudi Arabia and Qatar. Historically, the local market has underperformed its potential, weighed back by politics and a lack of central authority to help push through Projects,. This has meant that despite its vast oil wealth and healthy fiscal position, the state rarely exceeds $15bn of contract awards each year.

The pandemic and falling oil prices during the first half of 2020 hit Kuwait hard. The central tenders committee effectively closed during the lockdown and no new public tenders were released or submitted. As of August, tendering was still far from normal.

The other big impact was lower oil prices. With the state forecasting another budget deficit and national assembly members unwilling to countenance additional borrowing, the government has had no choice but to rein back capital expenditure. As most schemes in Kuwait are directly government-funded this will naturally lead to fewer Projects,.

That said, there was some good news in early 2020 when financial closed was announced on the Umm al-Hayman wastewater treatment plant PPP project. The long-awaited deal was the first under the PPP law and bodes well for the success of other PPP schemes in the pipeline.

However, much more will need to be done if Kuwait is to live up to its Projects, market potential. The state needs to find a way of getting greater private sector participation in the market and attract greater foreign investment. Without either, it is difficult to see how the market can reach its potential.

Reasons to Buy

• Opportunities and challenges in Kuwait's Projects, market
• Analysis of the pipeline of planned Projects, and contract awards
• Key policies and drivers shaping the outlook for Projects, in Kuwait
• Political and economic background
• The barriers and challenges that may arise
• Sector-by-sector breakdown of future project plans
• Key drivers of Projects, in each sector
• Kuwait's most valuable key Projects, and major project sponsors

Key Topics Covered:

Preface

• Executive Summary

Kuwait Country Overview

• Kuwait Projects Market

Impact of COVID-19 and Latest Forecasts

• Oil and Gas
• Construction
• Transport
• Power and Water

For more information about this report visit https://www.researchandmarkets.com/r/9pr6ru

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Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced the introduction of four innovations that will further enhance the functionality of its proprietary Optimized Cascade natural gas liquefaction process or OCP™ technology, which is currently licensed in 27 processing trains worldwide. In response to growth in the global LNG market and changes in industry contracting practices, the company is introducing new operational and control products designed to improve overall efficiency, enhance flexibility and reduce process costs.

The Traditional OCP Configuration – OCP Pro™ Technology

ConocoPhillips is the LNG industry leader in utilizing high efficiency aeroderivative gas turbine drivers, a core component of the Optimized Cascade process. The traditional OCP turbomachinery configuration, now called OCP Pro, matches one gas turbine driver to one refrigerant compression system. All existing OCP Pro LNG facilities are designed with two 50% refrigeration compressor trains in parallel serving one refrigeration process train. This configuration provides higher annual availability and greater turndown capability, while maintaining high thermal efficiency across a wide operating range. OCP Pro technology in a two-trains-in-one arrangement has a long history of industry-leading performance and will remain the configuration of choice for many developers of larger 3-to-8 MTPA baseload trains.

The Latest OCP Configuration – OCP Compass™ Technology

The LNG market is changing rapidly as demand has grown significantly, with many customers contracting in smaller parcels with more-flexible terms. On the supply side, new and existing facility developers are aggressively pursuing demand by focusing on reduced capital cost and risk. In response, ConocoPhillips has developed a new plant configuration, OCP Compass, to lower total installed cost by reducing the liquefaction train’s equipment count and footprint, and greatly simplifying modularization. OCP Compass facilities will deliver the same industry-leading performance and low greenhouse gas emissions as OCP Pro facilities. ConocoPhillips collaborated with Baker Hughes to develop a turbomachinery configuration coupling three refrigerant services on a single shaft driven by an aeroderivative gas turbine or electric motor. OCP Compass technology leverages advancements in large aeroderivative gas turbine technology, while utilizing high-pressure-ratio compressors to achieve enhanced performance with less equipment. OCP Compass configurations are ideal for midscale LNG applications in the 1-to-3 MTPA capacity range, in either single-string or two-trains-in-one configurations to provide higher capacity, availability and turndown. Multiple OCP Compass trains can be combined to address capacity requirements of larger baseload facilities (>3 MTPA), while capturing lower costs through replication of smaller liquefaction trains.

New Optimized Cascade Process Licensed Products – OCP CryoSep™ Technology and OCP Nitro™ Technology

ConocoPhillips now offers a licensed product for two innovative and proven OCP “sub-units” separately from the OCP Pro or OCP Compass technologies. ConocoPhillips will license its heavy removal unit (HRU) technology, OCP CryoSep, which recovers heavy hydrocarbons and removes components that would otherwise freeze in the liquefaction unit or lead to excessive BTU content. OCP CryoSep technology is already licensed for an external client’s development project, pending final investment decision. ConocoPhillips will also license its nitrogen removal unit (NRU) technology, OCP Nitro, to efficiently remove nitrogen from the LNG process, achieve product specifications and maximize production. OCP Nitro technology will be licensed as a bolt-on solution to existing OCP trains processing feed streams with higher nitrogen content than their original compositions. OCP Nitro technology is currently under evaluation for multiple licensed trains.

Improving the Value of OCP Facilities – OCP Navigator™ Software

ConocoPhillips has developed a unique software solution, OCP Navigator, for OCP-licensed facilities to optimize plant profitability, thermal efficiency and production. This multifunctional software system utilizes a customized equation-oriented simulation to help optimize the facility on a real-time basis. OCP Navigator software operates on a proprietary Aspen Technology software platform and was developed by ConocoPhillips to deliver optimized operating guidance and tools for plant operators and engineers. OCP Navigator software and associated services will be offered to licensees as a multi-year subscription, exclusively by ConocoPhillips LNG Licensing.

ConocoPhillips is continually leveraging its LNG expertise to provide additional OCP innovations to better meet rapidly changing LNG industry needs. Optimized Cascade® is a registered trademark of ConocoPhillips Company in the United States and certain other countries. OCP™, OCP Pro™, OCP Compass™, OCP CryoSep™, OCP Nitro™, and OCP Navigator™ are trademarks of the ConocoPhillips Company.

--- # # # ---

About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $63 billion of total assets, and approximately 9,800 employees at Sept. 30, 2020. Production excluding Libya averaged 1,108 MBOED for the nine months ended Sept. 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31, 2019. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as "anticipate," "estimate," "believe," “budget,” "continue," "could," "intend," "may," "plan," "potential," "predict," “seek,” "should," "will," “would,” "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas and the resulting company actions in response to such changes, including changes resulting from the imposition or lifting of crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; changes in commodity prices; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining, or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced dispositions or acquisitions on the timeline currently anticipated, if at all; the possibility that regulatory approvals for our announced dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of our announced dispositions, acquisitions or our remaining business; business disruptions during or following our announced dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced dispositions in the manner and timeframe we currently anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

John C. Roper (media)
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DUBLIN--(BUSINESS WIRE)--The "Egypt Projects, H2 2020 with COVID-19 Impact Update - MEED Insights" report has been added to ResearchAndMarkets.com's offering.

Egypt continues to be one of the few Projects markets in the Middle East and North Africa (MENA) region to have continued to grow over the past three years during a period of lower oil prices. This is thanks mainly to strong population growth, recent gas finds, and a government firmly focused on infrastructure investment.

Nonetheless, the country like every other has been hard hit by Covid-19. Contract awards for the first half of the year were less than a third of the total for 2019 as a whole (although only just below the six month total for the same period last year). Therefore, there will have to be a considerable increase in contract awards in the third and fourth quarters if Egypt is to match last year's total.

Much will hinge on continuing fast-track development of the new administrative capital and other new cities like El Alamein as well as the necessary transport and utilities investments required to service them. Naturally, much will also depend on the ultimate economic and human impact of the coronavirus pandemic, at least in the short term.

Looking further ahead, the outlook for the local Projects, market is optimistic. Chinese investment will play a key role, but foreign investment in general will be central to success of the market going forward. This is in turn will require political and currency stability and a continuing commitment from the government to ensure Egypt remains attractive and open to foreign investment.

Reasons to Buy

• This report analysis will help you to create strategy and business plan for the years ahead.
• Long term Projects, market forecast
• Summary and lists of future project opportunities
• Analysis of key trends, market drivers and opportunities by country and sector
• Top clients and contractors ranking

Key Topics Covered:

Preface

• Executive Summary

Egypt Country Overview

• Egypt Projects Market

Impact of COVID-19

• Oil and Gas
• Construction
• Transport
• Industrial
• Power and Water

For more information about this report visit https://www.researchandmarkets.com/r/6j2ezg

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Mauritius Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.

The scope outlook for this report is from 2020 to 2050 integrating all end user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanised population and growing economy. The primary energy carriers are all analysed and forecasted. The economic effects of the Covid-19 Corona virus pandemic, particularly on energy production and consumption, are analysed extensively in the report.

Key Topics Covered:

• Scope
• Methodology
• Key Findings
• Introduction
• Corona Virus Shock
• World Economic Outlook
• Sectoral Growth of Energy
• 2020 Consumption of Energy
• 2050 Consumption of Energy
• Glossary and References

For more information about this report visit https://www.researchandmarkets.com/r/eyrvro

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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Demulsifier Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The demulsifier market is expected to witness a CAGR of over 4%, during the forecast period.

One of the main factors driving the market is the growing demand from the increasing production of crude oil. However, strict environmental regulation on the use of chemical demulsifiers is expected to hinder the growth of the market studied.

Companies Mentioned

• Baker Hughes Company
• Schlumberger Limited
• Halliburton Company
• Clariant AG
• Ecolab Inc.
• BASF SE
• Akzo Nobel NV
• Croda International PLC
• The Dow Chemical Company
• Dorf Ketal
• PT.Eonchemicals Putra
• National Chemical & Petroleum Industries Co.(NCPI)

Key Market Trends

Growing Demand from Increasing Production of Crude Oil

Demulsifiers, or emulsion breakers, are a class of specialty chemical that is used to separate emulsions. They are commonly used in the processing of crude oil, which is typically produced, along with significant quantities of saline water.

• Demulsifiers are surface-active agents, which act to neutralize the effect of emulsifying agents and act on the emulsion by flocculation of oil droplets, dropping of water, and coalescence of the water droplets.
• Additionally, demulsifiers are used in the chemical analysis of oil and synthetic muds and to treat produced hydrocarbons.
• According to the US Energy Information of America, global petroleum and liquid fuel demand are expected to rise by less than 0.4 million b/d in 2020, and by 1.7 million b/d in 2021.
• Furthermore, owing to the above-mentioned factors, the application of demulsifiers from crude oil processing is likely to dominate the market studied, during the forecast period.

Middle-East and Africa to Dominate the Market Studied

Middle-East and Africa is expected to dominate the market for demulsifier, during the forecast period. The rising demand for demulsifiers from crude oil production in countries, like Saudi Arabia and South Africa, is expected to drive the demand for demulsifier in this region.

• The largest producers of demulsifiers are located in Middle-East and Africa. Some of the leading companies in the production demulsifier are Baker Hughes Company, Schlumberger Limited, Halliburton Company, Clariant AG, and Ecolab Inc., among others.
• According to current estimates of the US Energy Information of America, 79.4% of the world's proven oil reserves are located in the OPEC countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 64.5% of the OPEC's total.
• Africa's share of global oil production has slightly increased by 0. 3% since last year to 8.7% standing at 8.1 million bbl/day. The main contributors continue to be Nigeria, Angola, Algeria, and Egypt.
• Owing to the above-mentioned factors, the demulsifier market in Middle-East and Africa is projected to grow significantly, during the forecast period.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from Increasing Production of Crude Oil

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Strict Environment Regulation on the Use of Chemical Demulsifier

4.2.2 Volatility in Price of Crude Oil

4.2.3 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Water Soluble

5.1.2 Oil Soluble

5.2 By Application

5.2.1 Sludge Oil Treatment

5.2.2 Petro Refineries

5.2.3 Crude Oil Processing

5.2.4 Oil-based Power Plants

5.2.5 Lubricant Manufacturing

5.2.6 Other Applications

5.3 By Geography

5.3.1 Asia-Pacific

5.3.1.1 China

5.3.1.2 India

5.3.1.3 Japan

5.3.1.4 South Korea

5.3.1.5 Rest of Asia-Pacific

5.3.2 North America

5.3.2.1 United States

5.3.2.2 Canada

5.3.2.3 Mexico

5.3.3 Europe

5.3.3.1 Germany

5.3.3.2 United Kingdom

5.3.3.3 France

5.3.3.4 Italy

5.3.3.5 Rest of Europe

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle-East and Africa

5.3.5.1 Saudi Arabia

5.3.5.2 South Africa

5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis**

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Growing Demand of Biodegradable Polymer-based Demulsifier

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/4xq139

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LUXEMBOURG--(BUSINESS WIRE)--Pacific Drilling S.A. (NYSE: PACD) announced today that it has received notice from the New York Stock Exchange (“NYSE”), that as a result of the filing of its voluntary petition for reorganization (the “Plan of Reorganization”) under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division, and in accordance with Section 802.01D of the NYSE Listed Company Manual, the NYSE has commenced proceedings to delist Pacific Drilling’s common shares from the NYSE. The NYSE also indefinitely suspended trading of Pacific Drilling’s common shares effective November 2, 2020.

The NYSE will apply to the Securities and Exchange Commission (“SEC”) to delist the Company’s common shares upon completion of all applicable procedures. In reaching its determination, the NYSE noted the uncertainty as to the ultimate effect of the bankruptcy process on the value of the Company’s common shares. The NYSE also noted that holders of the common shares will receive no recovery under the prearranged Plan of Reorganization.

Pacific Drilling does not intend to appeal the determination and, therefore, it is expected that the common shares will be delisted.

The Company’s common shares will commence trading in the over-the-counter (“OTC”) market on the Pink Open Market on Tuesday, November 3, 2020. The Company’s NYSE ticker symbol “PACD” will be discontinued and its OTC ticker symbol will be “PACDQ.”

This transition to the OTC market does not affect the Company's business operations and will not change its obligation in the near-term to file periodic and certain other reports with the SEC under applicable federal securities laws. However, in addition to providing that holders of the Company’s commons shares will receive no recovery for their shares, the Plan of Reorganization also calls for the Company to suspend its SEC reporting obligations either before or shortly after its emergence from the Chapter 11 proceedings. Until completion of the Chapter 11 proceedings, shareholders will continue to own their Company common shares and commencing November 3, 2020 will be able to trade them on the Pink Open Market. However, due to the risks and uncertainties resulting from the Chapter 11 proceedings, trading in the Company’s common shares during the pendency of the Chapter 11 proceedings poses substantial risks.

About Pacific Drilling

With our best-in-class drillships and highly experienced team, Pacific Drilling is committed to exceeding our customers’ expectations by delivering the safest, most efficient and reliable deepwater drilling services in the industry. Pacific Drilling’s fleet of seven drillships represents one of the youngest and most technologically advanced fleets in the world. For more information about Pacific Drilling, including the Chapter 11 proceedings and the Plan of Reorganization, please visit our website at www.pacificdrilling.com/Restructuring.

Forward-Looking Statements

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are generally identifiable by their use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “our ability to,” “may,” “plan,” “potential,” “predict,” “project,” “projected,” “should,” “will,” “would”, or other similar words which are not generally historical in nature. The forward-looking statements speak only as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Our forward-looking statements express our current expectations or forecasts of possible future results or events, including the potential outcome of the Chapter 11 proceedings; the future impact of the COVID-19 pandemic on our business, future financial and operational performance and cash balances; our future liquidity position and future efforts to improve our liquidity position; revenue efficiency levels; market outlook; forecasts of trends; future client contract opportunities; future contract dayrates; our business strategies and plans or objectives of management; estimated duration of client contracts; backlog; expected capital expenditures; projected costs and savings; expectations regarding the outcome of the ongoing bankruptcy proceedings of our two subsidiaries against whom the arbitration award related to the drillship known as the Pacific Zonda in favor of Samsung Heavy Industries Co. Ltd. (“SHI”) was rendered and the potential impact of the arbitration tribunal’s decision on our future operations, financial position, results of operations and liquidity.

Although we believe that the assumptions and expectations reflected in our forward-looking statements are reasonable and made in good faith, these statements are not guarantees, and actual future results may differ materially due to a variety of factors. These statements are subject to a number of risks and uncertainties and are based on a number of judgments and assumptions as of the date such statements are made about future events, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in such statements due to a variety of factors, including if one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect.

Important factors that could cause actual results to differ materially from our expectations include: the potential outcome of our Chapter 11 proceedings; evolving risks from the COVID-19 outbreak and resulting significant disruption in international economies, and international financial and oil markets, including a substantial decline in the price of oil during 2020, which if sustained would continue to have a material adverse effect on our financial condition, results of operations and cash flow; changes in actual and forecasted worldwide oil and gas supply and demand and prices, and the related impact on demand for our services; the offshore drilling market, including changes in capital expenditures by our clients; rig availability and supply of, and demand for, high-specification drillships and other drilling rigs competing with our fleet; our ability to enter into and negotiate favorable terms for new drilling contracts or extensions of existing drilling contracts; our ability to successfully negotiate and consummate definitive contracts and satisfy other customary conditions with respect to letters of intent and letters of award that the Company receives for our drillships; actual contract commencement dates; possible cancellation, renegotiation, termination or suspension of drilling contracts as a result of mechanical difficulties, performance, market changes or other reasons; costs related to stacking of rigs and costs to reactivate a stacked rig; downtime and other risks associated with offshore rig operations, including unscheduled repairs or maintenance, relocations, severe weather or hurricanes or accidents; our small fleet and reliance on a limited number of clients; the outcome of our subsidiaries’ bankruptcy proceedings and any actions that SHI or others may take in the bankruptcy or other proceedings against the Company and our subsidiaries; our ability to continue as a going concern; our ability to obtain Bankruptcy Court approval with respect to motions or other requests made to the Bankruptcy Court in the Chapter 11 proceedings; our ability to confirm and consummate the prearranged Plan of Reorganization; the effects of the Chapter 11 proceedings on our operations and agreements, including our relationships with employees, regulatory authorities, customers, suppliers, banks and other financing sources, insurance companies and other third parties; the length of time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the Chapter 11 proceedings; risks associated with third-party motions in the Chapter 11 proceedings, which may interfere with our ability to confirm and consummate the prearranged Plan of Reorganization; increased advisory costs to execute the prearranged Plan of Reorganization; the potential adverse effects of the Chapter 11 proceedings on our liquidity, results of operations, or business prospects; increased administrative and legal costs related to the Chapter 11 proceedings and other litigation and the inherent risks involved in a bankruptcy process; the potential effects of the delisting of our common shares from trading on the NYSE, including how long our common shares will trade on the OTC market; the potential effects of the anticipated suspension by the Company of its SEC reporting obligations; and the other risk factors described in our 2019 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2020, as updated by our Quarterly Reports on Form 10-Q as filed with the SEC on May 8, 2020 and August 7, 2020 and subsequent filings with the SEC. These documents are available through our website at www.pacificdrilling.com or through the SEC’s website at www.sec.gov.

Investor Contact:
James Harris
Pacific Drilling S.A.
+713 334 6662
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Media Contact:
Amy L. Roddy
Pacific Drilling S.A.
+713 334 6662
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HOUSTON--(BUSINESS WIRE)--First paragraph, end of first sentence of release should read: Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Friday, November 6, 2020 at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the third quarter ended September 30, 2020 (instead of Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Friday, November 6, 2020 at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the second quarter ended September 30, 2020).

The updated release reads:

TIDEWATER ANNOUNCES EARNINGS CONFERENCE CALL

Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Friday, November 6, 2020 at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the third quarter ended September 30, 2020.

Investors and interested parties may listen to the earnings conference call via telephone by calling +1-888-771-4371 if calling from the U.S. or Canada (+1-847-585-4405 if calling from outside the U.S.) and asking for the “Tidewater” call just prior to the scheduled start time. A live webcast of the call will also be available in the Investor Relations section of Tidewater’s website at investor.tdw.com.

A replay of the conference call will be available beginning at 10:30 a.m. Central Time on October 30, 2020 and will continue until 11:59 p.m. Central Time on November 30, 2020. To access the replay, access the Investor Relations section of Tidewater’s website at investor.tdw.com.

The conference call will contain forward-looking statements in addition to statements of historical fact. The actual achievement of any forecasted results or the unfolding of future economic or business developments in a way anticipated or projected by the Company involves numerous risks and uncertainties that may cause the Company’s actual performance to be materially different from that stated or implied in the forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed within the “Risk Factors” section of Tidewater’s most recent Forms 10-Q and 10-K.

Tidewater owns and operates the largest fleet of Offshore Support Vessels in the industry, with over 60 years of experience supporting offshore energy exploration and production activities worldwide. To learn more, visit www.tdw.com.

Jason Stanley
Vice President Investor Relations & ESG
+1-713-470-5292
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SOURCE: Tidewater Inc.

DUBLIN--(BUSINESS WIRE)--The "Tanzania Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.

The scope outlook for this report is from 2020 to 2050 integrating all end user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanised population and growing economy. The primary energy carriers are all analysed and forecasted. The economic effects of the Covid-19 Corona virus pandemic, particularly on energy production and consumption, are analysed extensively in the report.

Key Topics Covered:

• Scope
• Methodology
• Key Findings
• Introduction
• Corona Virus Shock
• World Economic Outlook
• Sectoral Growth of Energy
• 2020 Consumption of Energy
• 2050 Consumption of Energy
• Glossary and References

Companies Mentioned

• TANESCO
• Barefoot Power
• d.light
• Fosera
• Greenlight Planet
• Marathoner
• One Degree Solar
• Arti
• Ensol
• Global Cycle Solutions
• Solar Grid
• Sunny Money
• Zara Solar
• Tanzania Electric Supply Company
• Zanzibar Electricity Corporation
• Chloride Exide
• ENSOL
• Sahara
• Kisangani Smith Group
• Appropriate Rural Technology
• Moto Poa
• Ms Wind EA
• Kititimo Singida
• Power Pool East Africa
• Sino-Tan Renewable Ltd
• New Energy Group Ltd
• Infranco
• M/S Songas
• Tanzania Renewable Energy Association
• Kiwira Coal Mine
• Mchuchuma Coal Mine
• Katewaka Coal Mine
• Geo-Wind Tanzania
• Wind East Africa
• Sino Tan Renewable Energy
• Wind Energy Tanzania Ltd
• Tanzania Geothermal Development Company

For more information about this report visit https://www.researchandmarkets.com/r/jqt1g9

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

FREMONT, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2020.

Third Quarter 2020 Highlights

• Revenues of $338.1 million
• Revenues from solar products of $312.5 million
• GAAP gross margin of 32.0%
• GAAP gross margin from sale of solar products of 34.1%
• Non-GAAP gross margin from sale of solar products of 34.8%
• GAAP net income of $43.8 million
• Non-GAAP net income of $65.9 million
• GAAP net diluted earnings per share (“EPS”) of $0.83
• Non-GAAP net diluted EPS of $1.21
• 1.45 Gigawatts (AC) of inverters shipped

“Our third quarter results reflect significant growth in Europe, despite the current economic slowdown caused by the global pandemic,” said Zivi Lando, CEO of SolarEdge. “Our solar business outside the U.S. reached an all-time high and the U.S. market is showing signs of return to pre-pandemic installation levels. In our non-solar business, our e-Mobility team is gearing up to deliver to our customer the first significant batch of full powertrain solutions for assembly in electric vehicles in the fourth quarter. In addition to continuing to generate significant cash from operations this quarter, we raised $618 million, net of expenses, in convertible debt providing additional support for our continued organic and non-organic growth.”

Third Quarter 2020 Summary

The Company reported revenues of $338.1 million, up 2% from $331.9 million in the prior quarter and down 18% from $410.6 million in the same quarter last year.

Revenues related to the solar business were $312.5 million, up 1% from $310.1 million in the prior quarter and down 19% from $387.8 million in the same quarter last year.

GAAP gross margin was 32.0%, up from 31.0% in the prior quarter and down from 33.9% year over year.

Non-GAAP gross margin was 33.5%, up from 32.4% in the prior quarter and down from 35.1% year over year.

GAAP gross margin for the solar business was 34.1%, up from 33.1% in the prior quarter and down from 35.0% year over year.

Non-GAAP gross margin for the solar business was 34.8%, up from 33.8% in the prior quarter and down from 35.4% year over year.

GAAP operating expenses were $77.7 million, up 6% from $73.0 million in the prior quarter and up 6% from $73.3 million in the same quarter last year.

Non-GAAP operating expenses were $63.2 million, up 3% from $61.1 million in the prior quarter and up 15% from $54.8 million in the same quarter last year.

GAAP operating income was $30.4 million, up 1% from $30.0 million in the prior quarter and down 54% from $66.0 million in the same quarter last year.

Non-GAAP operating income was $50.0 million, up 7% from $46.6 million in the prior quarter and down 44% from $89.2 million in the same quarter last year.

GAAP net income was $43.8 million, up 19% from $36.7 million in the prior quarter and up 5% from $41.6 million in the same quarter last year.

Non-GAAP net income was $65.9 million, up 26% from $52.1 million in the prior quarter and up 4% from $63.6 million in the same quarter last year.

GAAP net diluted EPS was $0.83, up from $0.70 in the prior quarter and up from $0.81 in the same quarter last year.

Non-GAAP net diluted EPS was $1.21, up from $0.97 in the prior quarter and same as in the same quarter last year.

Cash flow from operating activities was $28.4 million, down from $59.3 million in the prior quarter and down from $68.7 million in the same quarter last year.

As of September 30, 2020, cash, cash equivalents, bank deposits, restricted bank deposits and marketable securities totaled $553.8 million, net of debt, compared to $577.4 million on June 30, 2020.

Outlook for the Fourth Quarter 2020

The Company also provides guidance for the fourth quarter ending December 31, 2020 as follows:

• Revenues to be within the range of $345 million to $365 million
• Non-GAAP Gross margin expected to be within the range of 32% to 34%
• Revenues from solar products to be within the range of $320 million to $335 million
• Non-GAAP Gross margin from sale of solar products expected to be within the range of 34% to 36%

Conference Call

The Company will host a conference call to discuss these results at 4:30 P.M. ET on Monday, November 2, 2020. The call will be available, live, to interested parties by dialing 800-458-4121. For international callers, please dial +1 323-794-2093. The Conference ID number is 7783916. A live webcast will also be available in the Investors Relations section of the Company’s website at: http://investors.solaredge.com

A replay of the webcast will be available in the Investor Relations section of the Company’s website approximately two hours after the conclusion of the call and will remain available for approximately 30 calendar days.

About SolarEdge

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at solaredge.com

Use of Non-GAAP Financial Measures

The Company has presented certain non-GAAP financial measures in this release, such as non-GAAP net income, non-GAAP net diluted EPS, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income and non-GAAP gross margin from sale of solar products. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States, or GAAP. Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure can be found in the accompanying tables to this release. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

The Company uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. The Company believes that these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information, among other things, concerning: our possible or assumed future results of operations; future demands for solar energy solutions; business strategies; technology developments; financing and investment plans; dividend policy; competitive position; industry and regulatory environment; general economic conditions; potential growth opportunities; and the effects of competition. These forward-looking statements are often characterized by the use of words such as “anticipate,” “believe,” “could,” “seek,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or similar expressions and the negative or plural of those terms and other like terminology.

Forward-looking statements are only predictions based on our current expectations and our projections about future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Given these factors, you should not place undue reliance on these forward-looking statements. These factors include, but are not limited to, the matters discussed in the section entitled “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2019, filed on February 27, 2020, Current Reports on Form 8-K and other reports filed with the SEC. All information set forth in this release is as of November 2, 2020. The Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
+1 617-542-6180
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DUBLIN--(BUSINESS WIRE)--The "Burundi Energy Requirements Forecasted to 2050" report has been added to ResearchAndMarkets.com's offering.

The scope outlook for this report is from 2020 to 2050 integrating all end user energy carrier generation outputs into a coherent energy mix to meet the needs of an increasingly urbanised population and growing economy. The primary energy carriers are all analysed and forecasted.

The economic effects of the Covid-19 Corona virus pandemic, particularly on energy production and consumption, are analysed extensively in the report.

Key Topics Covered:

• Scope
• Methodology
• Key Findings
• Introduction
• Corona Virus Shock
• World Economic Outlook
• Sectoral Growth of Energy
• 2020 Consumption of Energy
• 2050 Consumption of Energy
• Glossary and References

For more information about this report visit https://www.researchandmarkets.com/r/i5gnk2

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

- Exceptional Revenue and Profit Growth -

- High Utilization and Expense Control Drive Significant Operating Leverage -

- Raising Full Year 2020 Guidance -

- Backlog and Recurring Revenue Provide Visibility to Strong 2021 -

Third Quarter 2020 Financial Highlights:

• Revenues of $282.5 million, up 33% compared to last year
• Net Income of $20.0 million and GAAP EPS of $0.41
• Adjusted EBITDA of $36.8 million, up 54%
• Non-GAAP EPS of $0.38, up 111%

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#earnings--Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced financial results for the fiscal quarter ended September 30, 2020. The Company has also furnished supplemental information in conjunction with this press release in a Current Report on Form 8-K. The supplemental information includes non-GAAP financial metrics and has been posted to the “Investor Relations” section of the Company’s website at www.ameresco.com.

“Third quarter results marked another quarter of great revenue and profit performance driven by continued execution across the Ameresco platform. We grew our backlog due to our independent approach to integrating advanced technologies, including efficiency and renewable solutions. We have also used this growth, together with spending discipline, to gain significant operating leverage. These results demonstrate how well Ameresco is positioned and recognized as the industry leading provider of complete Distributed Energy Resources (DER) projects along with innovative and flexible financing solutions.”

“Improved site access combined with efficient execution led by our Federal Solutions Group contributed to the exceptional revenue performance. While we continue to prioritize project execution, we were pleased to see sequential growth resume in both our contracted and awarded backlogs. Business development activities contributed to continued long-term visibility, maintaining stability in our recurring revenue backlog and increasing energy assets in development. We also continued to focus on cash collections and other liquidity enhancement programs.”

“During the quarter Frost & Sullivan recognized Ameresco with the 2020 Global Company of the Year Award in the Distributed Energy Resources market. By remaining technology agnostic and innovation-driven, Ameresco continues to deliver cutting-edge efficiency and renewable energy solutions that deliver strong results to our customers,” concluded George P. Sakellaris, President and Chief Executive Officer.

Third Quarter Financial Results

(All financial result comparisons made are against the prior year period unless otherwise noted.)

Revenues increased 33% to $282.5 million, compared to $212.0 million driven primarily by a very strong quarter in the Federal Solutions Group with our recurring revenue businesses performing as expected. Our project teams worked hard to pull in and execute our contracted backlog given uncertainties around COVID-19 and future job site access. Gross margin of 18.2% was in line with this year's previous quarters, operating income increased to $24.5 million and operating margin was 8.7%. Operating income growth significantly exceeded revenue growth as a result of continued expense controls, higher utilization and the leverage inherent in our scalable business model. Net income increased 126% to $20.0 million compared to $8.9 million. Adjusted EBITDA, a non-GAAP financial measure, increased 54% to $36.8 million, from $23.9 million. EPS was $0.41 compared to $0.19, and non-GAAP EPS was $0.38 compared to $0.18, an increase of 111%.

Project Backlog and Awards

Total project backlog at September 30, 2020 remained strong at $2.2 billion and was comprised of:

• $1.0 billion in contracted backlog representing signed customer contracts for installation or construction of projects, which we expect to convert into revenue over the next one to three years, on average; and
• $1.2 billion of awarded projects representing projects in development for which we do not have signed customer contracts.

Third Quarter Project Highlights:

• Three design-build/build contract awards for the Navy totaling $60 million for construction repair and restoration upgrades at buildings and roads on Marine Corps Air Station (MCAS) Cherry Point.
• A $14.3 million contract award to implement renewable energy installation and facility energy improvements including solar carport installations on Joint Base Pearl Harbor Hickam.
• An $8.3 million utility energy services contract (UESC) award by Oklahoma Gas & Electric to implement modernization and energy efficiency upgrades for GSA federal buildings in Oklahoma.
• An automatic metering infrastructure (AMI) project with the City of Gatesville, Texas, to replace over 3,600 city water meters. Over a 15-year time period, the project is expected to provide over $860,000 in meter reading costs savings along with the potential capture of over $1.5 million in lost and unaccounted for water and sewer revenues.
• The second phase of an energy and water efficiency project on behalf of the Lowell Housing Authority (LHA). This phase-two project extends the term of an energy services agreement originally signed between Ameresco and LHA in 2007 and will benefit more than 1,500 households across eight multifamily properties in the City of Lowell, Massachusetts.
• An AMI project with Woodlands Water to install 34,000 meters across its service area in Montgomery County, Texas. This AMI project will optimize the operations of Woodlands Water by creating a more efficient and effective water distribution system, while enhancing transparency for customers into water consumption and their monthly bills.
• A $36 million UESC award at Fort Bragg in partnership with Duke Energy including a 1.1 MW floating PV system and a 2 MW battery energy storage system. Ameresco will also implement improvements to the boiler system, HVAC systems and lighting systems, as well as water conservation systems. In year one of the performance period, the contract will result in utility cost savings for the Army of over $2 million, a reduction in site energy use of 7% and a site water use reduction of 20%.
• A large-scale municipal streetlight energy conservation project with the City of Lawrence, Massachusetts. Self-funded by an energy savings performance contract (“ESPC”), this project comes at no upfront cost to the City and will involve replacing more than 3,800 lighting fixtures with new energy efficient light emitting diodes (“LED’s”) and will create over $12 million in cost savings over the contract term.

Ameresco Asset Metrics

Total operating assets were 269 MWe; assets in development were 322 MWe

• $915 million of estimated contracted revenue and incentives during PPA period
• 13-year weighted average PPA remaining

Third Quarter Asset Highlights:

• 4 MWe placed into operations
• Gross 13 MWe added to the in-development pipeline

Contracted O&M Backlog

Total O&M backlog of $1.1 billion increased 23% Y/Y

• 16-year weighted average lifetime

Recent Event

On October 2, 2020, the staff of the United States Securities and Exchange Commission (SEC) requested that we provide information with respect to the timing of our revenue recognition for our software-as-a-service business during the period January 1, 2014 through September 30, 2020. During this period, our software-as-a-service revenue averaged no more than $8 million per year. We are fully cooperating with the SEC; and the Audit Committee of our Board of Directors is overseeing a review by our outside counsel of our software-as-a-service revenue recognition, including review procedures with respect to the revenue recognized during the period from 2018 to the present. The review to date has not identified material misstatements of our financial results.

Summary and Outlook

Given our strong year-to-date results, along with visibility from our project backlog and recurring revenue streams, we are raising our full year 2020 guidance. We now expect revenues of $960 million to $1 billion, Adjusted EBITDA of $107 million to $115 million, and non-GAAP EPS of $0.94 to $1.00, representing year-over-year growth of 13%, 22% and 17%, respectively, at the midpoint.

This guidance adjustment assumes we will have the same level of access to our work sites, and does not account for discrete items. Our results are variable from quarter to quarter, and importantly 2019 Q4 results were exceptionally strong due to contract timing.

“As Ameresco enters 2021, our customers will face more challenges than ever given the long-term budgetary impacts of the COVID-19 pandemic. Meanwhile we are also seeing the push for low to no carbon energy solutions and the rapidly evolving field of new distributed energy resources. Ameresco is uniquely positioned to address these opportunities with our flexible financial solutions which allow for no up-front capital investment, our customer centric approach to delivering the best advanced technology solutions and our globally recognized industry leading experts. These factors, combined with our substantial backlog, give us confidence that we are very well positioned to have another year of substantial growth in 2021,” Mr. Sakellaris concluded.

The Company’s guidance excludes the impact of any non-controlling interest activity, one-time charges, asset impairment charges, restructuring activities, as well as any related tax impact.

Conference Call/Webcast Information

The Company will host a conference call today at 4:30 p.m. ET to discuss results. The conference call will be available via the following dial in numbers:

• U.S. Participants: Dial 1-877-359-9508 (Access Code: 8769918)
• International Participants: Dial 1-224-357-2393 (Access Code: 8769918)

Participants are advised to dial into the call at least ten minutes prior to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. An archived webcast will be available on the Company’s website for one year.

Use of Non-GAAP Financial Measures

This press release and the accompanying tables include references to adjusted EBITDA, Non- GAAP EPS, Non-GAAP net income and adjusted cash from operations, which are Non-GAAP financial measures. For a description of these Non-GAAP financial measures, including the reasons management uses these measures, please see the section following the accompanying tables titled “Exhibit A: Non-GAAP Financial Measures”. For a reconciliation of these Non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with GAAP, please see Other Non-GAAP Disclosures and Non-GAAP Financial Guidance in the accompanying tables.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

Safe Harbor Statement

Any statements in this press release about future expectations, plans and prospects for Ameresco, Inc., including statements about market conditions, pipeline and backlog, as well as estimated future revenues and net income, and other statements containing the words “projects,” “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward looking statements as a result of various important factors, including the timing of, and ability to, enter into contracts for awarded projects on the terms proposed; the timing of work we do on projects where we recognize revenue on a percentage of completion basis, including the ability to perform under recently signed contracts without unusual delay; demand for our energy efficiency and renewable energy solutions; our ability to arrange financing for our projects; changes in federal, state and local government policies and programs related to energy efficiency and renewable energy; the ability of customers to cancel or defer contracts included in our backlog; the effects of our recent acquisitions and restructuring activities; seasonality in construction and in demand for our products and services; a customer’s decision to delay our work on, or other risks involved with, a particular project; availability and costs of labor and equipment; the addition of new customers or the loss of existing customers; market price of the Company's stock prevailing from time to time; the nature of other investment opportunities presented to the Company from time to time; the Company's cash flows from operations; and other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the U.S. Securities and Exchange Commission on March 4, 2020, and in our Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission on May 5, 2020. Currently, one of the most significant factors, however, is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on our financial condition, results of operations, cash flows and performance and the global economy and financial markets. The extent to which COVID-19 impacts us, suppliers, customers, employees and supply chains will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. Moreover, you should interpret many of the risks identified in our Annual Report and Quarterly Report as being heightened as a result of the ongoing and numerous adverse impacts of COVID-19. In addition, the forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.