Comprehensive, Long-Term Plan Includes Retiring “Big Allis” and Other 1960s-era Fossil Units, Replacing Their Output with Renewable Energy and Battery Storage that could Power More than 2 Million Homes
Once-in-a-Generation Opportunity to Transform NYC’s Energy Landscape, Advancing New York’s Climate Goals and Delivering Historic Victories for Environmental Justice and Union Labor
LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Rise Light & Power today announced plans to redevelop its Ravenswood Generating Station – New York City’s largest power generator – as a new renewable energy hub to help New York achieve its nation-leading climate goals, including securing 70 percent renewable energy by 2030.
Rise’s innovative clean energy solution, “Renewable Ravenswood,” repositions the 27-acre waterfront industrial site to serve as a central hub that can integrate clean energy sources, including offshore wind and upstate wind and solar, directly into New York City’s electric grid in a coordinated, planned, and reliable manner.
Renewable Ravenswood advances New York’s efforts to accelerate the retirement of the state’s fossil fuel facilities by 2030, particularly those located near historically disadvantaged communities.
Renewable Ravenswood goes further by replacing fossil fuel power with homegrown and locally sourced clean energy while also providing economic opportunities and environmental justice for both its workforce and surrounding communities.
“New York City has for too long relied almost exclusively on fossil fuels to power the city. Our future demands innovative and reliable clean energy solutions, and we will deliver just that with our bold move to retire Ravenswood’s 1960s-era fossil fuel units and transition to a Renewable Ravenswood in its place,” said Clint Plummer, Chief Executive Officer of Rise Light & Power. “Rise Light & Power’s vision for a Renewable Ravenswood will transform New York’s energy system and help the state achieve its ambitious climate targets.”
“New York has established nation-leading goals to tackle the climate crisis head-on, with rapid growth in renewables facilitating the energy transition,” said Paul Segal, CEO of LS Power, owner of Rise Light & Power. “A Renewable Ravenswood provides a coherent path for realizing the city’s and state’s goals for rapid deployment of low-carbon energy resources, while ensuring continued energy security, affordability and reliability as our economy transitions toward net-zero greenhouse gas emissions.”
“The union employees that have proudly run Ravenswood for years will continue to do so because New York City and Rise Light & Power understand the expertise our brothers and sisters bring to the plant every day,” said Jim Shillitto, President of Utility Workers of America Local 1-2. “Union workers built and operated the energy infrastructure that powered the nation over the last century, and we are ready to do the same for the next 100 years. We applaud Rise for recognizing the valuable expertise of our workers and for helping to ready them for jobs in the growing clean energy industry.”
The Renewable Ravenswood comprehensive redevelopment plan encompasses five programs:
Retiring the 1960s-era fossil units at Ravenswood and repurposing the property for renewables will represent a seismic change to New York City’s energy landscape. Plans for Renewable Ravenswood were developed by Rise Light & Power based on engagement with local labor leaders, government officials, and environmental justice and community advocates to ensure delivery of unprecedented benefits, that includes:
If approved by regulators, Ravenswood would power more than 2 million New York homes with renewable energy, in addition to providing clean heating and cooling for up to 15,000 local residences.
Rise plans to file the first of many formal plans and detailed applications with state energy regulators and authorities later this year. Each of Renewable Ravenswood’s five programs are subject to a number of regulatory approvals, and further details will be made available in the coming months.
Rise’s vision for a Renewable Ravenswood is drawing praise from leading community, environmental justice, labor, business, environmental and academic leaders and institutions from across New York City and New York State.
ELECTED OFFICIALS
“I applaud Rise Light & Power for taking steps to transition Big Allis and Ravenswood to a clean energy hub,” said U.S. Congresswoman Carolyn B. Maloney (NY-12). “We are living through a climate emergency, and we need to take bold actions to counteract decades of environmental injustice and bad energy policy. A Renewable Ravenswood not only allows for the green powering of New York City, but it will also be a major step forward on environmental justice. The residents of my district have suffered through decades of pollution. A Ravenswood running on offshore wind power will solve this issue. I look forward to seeing a Renewable Ravenswood being a monument to Long Island City’s future as a clean energy provider.”
“It becomes more apparent each day climate change is having an adverse impact on our communities,” said U.S. Congressman Gregory W. Meeks (NY-5). “It is vital for us to seize the opportunity to produce clean, renewable energy right here in Queens. Renewable Ravenswood’s vision for a future powered by wind, solar and battery technology that lifts-the-floor for all our friends and family is what we need as we face this climate emergency.”
"Asthma Alley is a distinction western Queens is not proud of, and that means our community must be centered during the transition to clean energy with union jobs," said New York Senate Deputy Leader Michael Gianaris. "We need to encourage projects like Renewable Ravenswood, which focus on meeting our climate priorities, including the ambitious goals laid out in the CLCPA passed by our Senate majority, so we can have a just transition and protect our neighbors."
“Northwest Queens has too long been burdened by asthma from fossil fuel plants spewing air pollution day-in and day-out, and is ripe for a just transition to clean energy,” said New York City Comptroller Brad Lander. “To meet our climate goals, we need bold action led by a unionized, green workforce. This is exactly the type of ambitious project we need to clean up our air, meet our climate goals, and achieve a just transition.”
“Queens knows all too well the dangerous consequences that climate change and the unchecked consumption of fossil fuels can have on our communities, especially working-class communities of color. From worsening storms to the worsening health of our families, especially in areas like Asthma Alley in Astoria, these consequences are too dire to ignore any longer,” said Queens Borough President Donovan Richards. “By redeveloping the Ravenswood Generation Station into a renewable energy hub, we will not only take massive steps toward ensuring New York City meets its clean energy goals, but we will also bring a semblance of health and environmental justice to the families who live near the plant, especially those in our public housing. It’s time to act.”
"Dirty fossil fuel plants have wrought havoc on power plant host communities’ local air quality for generations, making them epicenters of environmental injustice," said New York City Council Member James F. Gennaro, Chair of the New York City Council’s Committee on Environmental Protection. "We are in a race against the clock to build renewable energy, and initiatives such as 'Renewable Ravenswood' are crucial to paving the way for a greener New York City."
ENVIRONMENTAL JUSTICE LEADERS AND ADVOCATES
“Turning ‘Asthma Alley’ into a renewable energy corridor is a powerful statement that puts environmental justice at the forefront,” said Eddie Bautista, Executive Director of the New York City Environmental Justice Alliance. “Removing the smokestacks of Big Allis and replacing them with offshore wind and other renewables will show the world that New York City values all of its residents regardless of race, ethnicity or economic status. It shows that the energy infrastructure of the future can be built with everyone in mind. A Renewable Ravenswood can help bring us closer to that future.”
"Ravenswood is a microcosm of our state climate crisis: Vulnerable waterfronts, aging infrastructure, and a reliance on fossil fuels with disproportionate presence in disadvantaged communities,” said Maritza Silva-Farrell, Executive Director of ALIGN and a member of the Just Transition Working Group. “But it can also be a shining example of a just transition, with this plan to retrain union utility workers for green, union jobs and invest in environmental justice for some of our most impacted neighborhoods. It will take all of us, workers, communities, and employers, working together to reach 70% renewable energy by 2030 as set by the CLCPA, and Renewable Ravenswood is a clear and exciting path forward.”
“We look forward to ‘Renewable Ravenswood,’” said Bishop Mitchell Taylor, Co-Founder and CEO of Urban Upbound. “For far too long the people of Long Island City, in particular Queensbridge, Ravenswood, and Astoria have been victims of power generation. The kicker is, we supply 45% of the power and we receive 100% of the pollution. Renewable Ravenswood will change that. Let’s put our money where our mouth is.”
“We applaud the Renewable Ravenswood proposal, given its clear benefits for environmental justice and climate progress,” said Lynn Spivey, President of the NAACP NYCHA Branch. “Rise has proven to be a dependable partner and is proposing real projects that address the disproportionate harm that communities of color have experienced for generations. I look forward to the day these renewable energy projects are implemented, and call on our partners in government to do everything in their power to move this ambitious proposal forward.”
"For too long, our community has been synonymous with fossil fuel generation supplying close to 50 percent of the city's power from Western Queens,” said Costa Constantinides, CEO of Variety Boys & Girls Club of Queens. “The cost of that generation has been asthma rates higher than the borough average of Queens. Today's announcement by Rise Light & Power has the opportunity to change this legacy and begin a new chapter in our community in furtherance of Renewable Row. Renewable Ravenswood is an exciting opportunity to replace fossil fuel generation, keep good union jobs and create a new path here in Western Queens focused on the future. I am fully supportive of this initiative and look forward to supporting this proposal as it moves forward. Our partnership with Rise Light & Power can be a model for how we finally take down the polluting stacks in our city and build an energy revolution."
“Renewable Ravenswood is the vision and plan that Western Queens has been demanding for decades. New sources of renewable energy, like wind and solar, can keep the lights on while helping us breathe easier!” said Ms. Carol Wilkins, President of NYCHA Ravenswood Residents Association.
“With Rise Light & Power, NYCHA is truly at the table for discussions about our energy future. Renewable Ravenswood is a plan that uplifts our priorities and promises a brighter tomorrow for our community,” said Ms. Claudia Coger, Community Leader. “We need to get this done.”
“Environmental justice needs to be the top priority for decision-makers in the years ahead. With the possibility of clean solar and wind power, clean heating for our homes, and workforce development, Renewable Ravenswood is the right plan at the right time,” said Mrs. Ann Cotton Morris, President of NYCHA Queens District & NYCHA Woodside Residents Association.
“For decades, our community – including nearly 17,000 NYCHA residents – has been unfairly burdened by fossil fuel power plants,” said Mrs. April Simpson, Community Activist and Leader. “We know that Rise’s vision for a Renewable Ravenswood is possible, and we call on our leaders to do everything in their power to make it happen.”
“Riis Settlement is excited to support Rise Light & Power’s Renewable Ravenswood plan,” said Bob Madison, Associate Executive Director of Jacob A. Riis Neighborhood Settlement. “When implemented, this will be a milestone in new clean energy for our community. The transition from fossil fuels to clean energy will change the landscape of energy, as well as health outcomes, in our Queensbridge community and across New York State.”
ENVIRONMENTAL ADVOCATES
“New York’s ambitious renewable energy mandate calls on all of us to reimagine how we power New York City,” said Anne Reynolds, Executive Director of the Alliance for Clean Energy New York. “A Renewable Ravenswood is the type of future vision we need to grow clean energy in New York, supported by workers with the expertise needed to continue to reliably power our city.”
“Renewable Ravenswood has the potential to bring clean power to millions across New York City,” said Julie Tighe, President of the New York League of Conservation Voters. “We need to leverage every opportunity for green energy to reach New York State's ambitious climate goals. Offshore wind is going to play a major part in decarbonization efforts, and transforming old fossil fuel infrastructure into the renewable infrastructure of the future is an important part of transitioning to renewable energy across the City."
"Ravenswood is setting an exemplary model on how to transition our dirty fossil fuel infrastructure past to a bright clean energy future,” said Adrienne Esposito, Executive Director, Citizens Campaign for the Environment. “This paves the way for a cleaner, healthier planet. Goodbye old, outdated power plants, hello renewable energy. We look forward to this game-changing vision becoming a reality. We applaud the team at Ravenswood for their thoughtful planning efforts and look forward to working with them to implement this critical transition.”
“Justice for the communities that have faced decades of health risks from the Ravenswood fossil fuel plant is long overdue,” said Allison Considine, Campaign Representative for Sierra Club. “It's time we transition the plant to a clean energy hub that will sustain good-paying union jobs and bring New York closer to its clean energy and climate action goals. Investing in modern, clean energy infrastructure is necessary to protect our state from the intensifying damage of climate disasters from burning fossil fuels."
"Offshore wind is the future of New York State and New York City,” said Fred Zalcman, Director of the New York Offshore Wind Alliance. “With projects up and down the Northeast coast, including in the New York Bight, we will have significant clean and renewable energy off our shores. Now we just need to bring it the consumers. Rise’s move to shift Ravenswood from the fossil fuels of the past to a model for repurposing aging fossil fuel infrastructure for the future could be part of the solution. We should give serious consideration to this important work for the state’s energy transition.”
ECONOMIC DEVELOPMENT
"Renewable Ravenswood presents a bold vision with the potential to combat the climate crisis, address environmental injustices, and propel the long-term growth, and prosperity of the region,” said Tom Wright, President of the Regional Plan Association. “RPA is encouraged to see our private-sector partners doing their part for a healthy and sustainable future, and looks forward to engaging in the process to ensure this vision comes to fruition in ways that benefit the city, its communities, and our environment."
“Renewable Ravenswood sets the stage for New York City’s just transition to green energy and a sustainable future,” said Carlo A. Scissura, President & CEO of the New York Building Congress. “The suite of projects proposed by Rise, including a critical link for offshore wind and an innovative thermal energy proposal, will deliver clean energy for generations and while preserving high-quality union jobs.”
“A major part of the future Western Queens waterfront is retiring the existing fleet of peaker plants and replacing them with a combination of offshore wind, energy efficiency, and battery storage,” said Karen Imas, Vice President of Programs, Waterfront Alliance. “Renewable Ravenswood proposes a bold holistic vision that emphasizes workforce and environmental justice. Waterfront Alliance commends this vision and encourages greater exploration of waterfront and maritime access, as well as green infrastructure. We look forward to partnering with Rise Light & Power to realize this important transition to a sustainable and equitable Western Queens waterfront.”
“Carter Burden Network and its Roosevelt Island Older Adult Center applaud Rise Light & Power’s visionary and extensive clean energy and economic development plan for the Ravenswood Generating Station,” said William J. Dionne, Executive Director, Carter Burden Network. “It is refreshing to see energy company leadership that is committed to investing in innovative green solutions that align with climate and energy goals that benefit all in the community. We appreciate their commitment to the communities they serve, which will hopefully be a model for other energy companies to follow.”
“We are excited as we watch up close Rise Light & Power’s plans to transform the New York power grid,” said Stephen Gross, President & Chief Executive Officer of IHI Power Services. “Throughout the years, Rise has demonstrated how their strong commitment and collaborative partnership has supported our local community and our employees. We expect to see even more as Renewable Ravenswood transitions from a fossil fuel plant to one supplying renewable, reliable energy to our community and city.”
About Rise Light & Power
Rise Light & Power is a Queens, New York based energy asset manager and developer. Its core asset, Long Island City’s Ravenswood Generation Station, is New York City’s largest power generating facility, which provides more than 20 percent of New York City's generation capacity. Rise is also pursuing an exciting growth-oriented strategy, including modernization and resiliency upgrades at Ravenswood Generation Station, as well as new large-scale clean energy infrastructure to facilitate the renewable energy transition taking place in New York State and the region. Rise Light & Power is a wholly owned affiliate of LS Power. For more information, please visit www.riselight.com.
About LS Power
LS Power is a development, investment, and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. Additionally, it has developed over 660 miles of high voltage transmission. In New York, LS Power Grid New York supports the state’s energy infrastructure through its upcoming build-out of the nearly 100-mile Marcy to New Scotland transmission upgrade project. LS Power Grid New York was selected by the New York Independent System Operator as the most efficient and cost-effective solution in New York’s largest competitive transmission project to date. LS Power actively invests in businesses focused on renewable energy and fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. Across its efforts, LS Power has raised in excess of $46 billion in debt and equity financing to support North American infrastructure. For more information, please visit http://www.lspower.com/.
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Meaghan Wims
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Integrated control and safety platform optimizes world’s largest green hydrogen production and storage facility and supports reliable, clean power generation
PITTSBURGH--(BUSINESS WIRE)--Mitsubishi Power Americas, Inc. has selected Emerson (NYSE: EMR), a global software and engineering leader, to automate the world’s largest green hydrogen production and storage facility. The industry-leading hub will help integrate renewable energy by producing and storing green hydrogen for long duration energy storage. Mitsubishi Power will leverage Emerson’s hydrogen production experience and automation software expertise to increase safety, decrease costs and simplify maintenance across the life cycle of the facility.
Excess renewable energy generated during the winter and spring is difficult and costly to store in its native state for use during the peak summer season and, as a result, is wasted. The Advanced Clean Energy Storage hub will use renewable electricity to power electrolyzers to produce green hydrogen. The produced hydrogen will be stored underground in salt caverns so that it can be dispatched when required to generate clean electricity from hydrogen-fueled turbines, which will help stabilize the grid with sustainable sources and create a new pathway to decarbonization of the western United States.
“Generating, storing and transmitting electricity with zero carbon emissions is critical to meeting the world’s sustainable power generation needs,” said Michael Ducker, senior vice president of Hydrogen Infrastructure for Mitsubishi Power Americas and president of Advanced Clean Energy Storage I. “Emerson’s hydrogen expertise and digitally connected architecture design will help shorten time to start up, while also developing a safe, reliable and easily scalable transmission system to meet our goals for renewable energy production and storage.”
The Advanced Clean Energy Storage hub will convert renewable energy through the 220-megawatt (MW) electrolyzer bank to produce up to 100 tons of green hydrogen per day. The facility will have storage for 300 gigawatt hours (GWh) of energy in two salt caverns. In comparison, the battery storage capacity across the United States is 2-GWh via lithium-ion batteries. The Advanced Clean Energy Storage hub has space for up to 100 caverns.
This first-of-its-kind integrated facility will provide short- and long-duration hydrogen storage for use during peak seasons and throughout the year at the nearby 840-MW Intermountain Power Project (IPP Renewed). IPP Renewed will use 30% (vol) hydrogen fuel in Mitsubishi Power M501JAC gas turbines at start up, transitioning to 100% (vol) hydrogen by 2045. Emerson and Mitsubishi Power are collaborating on digital solutions for IPP Renewed to optimize plant performance, improve reliability and create cleaner, more reliable power.
“One of the most complex issues in power distribution is successfully managing variability of demand and supply to reduce stress on the grid,” said Bob Yeager, president of Emerson’s power and water business. “Mitsubishi Power has successfully leveraged the digital automation stack to develop an innovative, sustainable way to solve that problem, enabling providers to consistently use peak-production renewable energy in peak-consumption hours.”
Mitsubishi Power will use Emerson’s Ovation™ integrated control and safety platform to optimize the Advanced Clean Energy Storage hub’s production efficiency and help ensure safe operations. The Ovation platform will provide reliable control and monitoring of the renewable hydrogen production process and emergency shutdown, fire and gas protection. The platform will also gather and contextualize data from the plant’s wide variety of third-party systems to help eliminate complexity and risk. Emerson’s PACSystems™ RSTi-EP I/O will provide easier field connectivity and help facilitate project changes without extending timelines or increasing cost, while AMS Device Manager will help monitor the health of plant assets to improve safety, reliability, efficiency and sustainability.
Additional resources:
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and software company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.
Emerson
Denise Clarke
512.587.5879
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WHITE PLAINS, N.Y.--(BUSINESS WIRE)--OPAL Fuels LLC, a vertically integrated producer and distributor of renewable natural gas (RNG), today announced the appointment of Todd Firestone as Vice President of Investor Relations and Corporate Development. Reporting to Ann Anthony, Chief Financial Officer, Todd will work as the company’s primary liaison with the investor and analyst communities, and serve as a key advisor to the leadership team on various growth initiatives. He will also manage communications related to the earnings process and other shareholder-related matters as part of the company’s comprehensive Investor Relations program.
“We’re pleased to have Todd join our team and lead our Investor Relations efforts. He brings a wealth of experience working with investors and analysts and has tremendous knowledge of renewable fuels and energy infrastructure,” said Anthony. “He will help us to establish and grow meaningful relationships with stakeholders as we execute our growth plan and deliver on our mission to replace diesel fuel and help decarbonize the heavy-duty transportation sector.”
Prior to joining the OPAL Fuels team, Todd was a Director at Evercore ISI, where he most recently served as the lead research analyst covering companies in the midstream, renewable fuels, and refining sectors. Prior to that, he held positions with Morgan Stanley and Vantage Energy LLC. He graduated from the University of Michigan with a Bachelor of Arts in History and earned a Master of Business Administration from University of Colorado.
“I’m excited to be a part of the next chapter of the OPAL Fuels story,” said Firestone. “Our platform for the production and distribution of RNG is a powerful tool in the effort to decarbonize our economy. I look forward to working with current and prospective shareholders and the financial community at large to educate on and guide their thinking about our company to help drive strong shareholder returns.”
RNG is an abundant and proven low-cost, low-carbon fuel, chemically identical to the natural gas Americans use to cook and heat their homes, with one critical difference: it's not a fossil fuel pumped from the ground. Instead, RNG is created by capturing and purifying methane emissions from decomposed organic matter created by landfill and animal waste.
About OPAL Fuels LLC
OPAL Fuels LLC, a Fortistar portfolio company, is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market. RNG is a proven low-carbon fuel that is rapidly decarbonizing the transportation industry now while also significantly reducing costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable, lower-cost alternative to diesel fuel. OPAL Fuels also develops, constructs, and services RNG and hydrogen fueling stations. As a producer and distributor of carbon-reducing fuel for heavy-duty truck fleets for more than a decade, the company delivers best-in-class, complete renewable solutions to customers and production partners. To learn more about OPAL Fuels and how it is leading the effort to capture North America’s harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.
OPAL Fuels also previously announced an agreement for a business combination with ArcLight Clean Transition Corp. II (Nasdaq: ACTD) (“ArcLight”), which is expected to result in OPAL Fuels becoming a public company listed on the Nasdaq Stock Exchange. A special meeting of ArcLight shareholders to approve the pending business combination is scheduled to be held on July 15, 2022.
About ArcLight Clean Transition Corp. II
ArcLight, led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, is a special purpose acquisition company formed for the purpose of effecting a capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses focused on opportunities created by the accelerating transition toward sustainable use of energy and natural resources.
Important Information and Where to Find It
ArcLight has filed with the SEC a Registration Statement on Form S-4 (as amended, the “Registration Statement”), in connection with the proposed business combination (the “Business Combination”) involving ArcLight and OPAL Fuels. The Registration Statement was declared effective on June 27, 2022. ArcLight has mailed the definitive proxy statement/prospectus (the “Proxy Statement”) and other relevant documents to shareholders of ArcLight as of a record date, June 1, 2022. ArcLight’s shareholders and other interested persons are advised to read, the preliminary proxy statement/prospectus, and amendments thereto, and the Proxy Statement in connection with ArcLight’s solicitation of proxies for its shareholders’ meeting to be held to approve the Business Combination because the Proxy Statement contains important information about ArcLight, OPAL Fuels and the Business Combination. Shareholders will also be able to obtain copies of the Registration Statement and Proxy Statement, without charge, at the SEC’s website at www.sec.gov. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp. II, 200 Clarendon Street, 55th Floor, Boston, MA 02116.
Participants in the Solicitation
ArcLight, OPAL Fuels and their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of ArcLight’s shareholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of ArcLight’s directors and officers, and OPAL Fuels’ directors and executive officers, in ArcLight’s filings with the SEC, including the Registration Statement.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or ArcLight’s or OPAL Fuels’ future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements, including the identification of a target business and a potential business combination or other such transaction are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by ArcLight and its management, and OPAL Fuels and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Registration Statement and other filings with the Securities and Exchange Commission (SEC), as well as (1) the inability to complete the proposed transaction; (2) factors associated with companies, such as OPAL Fuels, that are engaged in the production and integration of renewable natural gas (RNG), including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; (3) macroeconomic conditions related to the global COVID-19 pandemic; (4) the effects of increased competition; (5) contractual arrangements with, and the cooperation of, landfill and livestock waste site owners and operators, on which OPAL Fuels operates its landfill gas and livestock waste projects that generate electricity and RNG prices for environmental attributes, low carbon fuel standard credits and other incentives; (6) the ability to identify, acquire, develop and operate renewable projects and RNG fueling stations; (7) the failure to realize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (8) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete the proposed transaction; (9) the outcome of any legal proceedings that may be instituted in connection with the proposed transaction; (10) the amount of redemption requests made by ArcLight’s public shareholders; and (11) the ability of the combined company that results from the proposed transaction to issue equity or equity-linked securities or obtain debt financing in connection with the transaction or in the future. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Both ArcLight and OPAL Fuels expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in ArcLight’s or OPAL Fuels’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
OPAL Fuels
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Jason Stewart
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914-421-5336
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ICR, Inc.
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ZURICH, Switzerland & DE PERE, Wis.--(BUSINESS WIRE)--#EnergyMadeEfficient--Constellation Clearsight, a U.S. leader in innovative energy inspections, announced today a long-term agreement with Voliro AG, a Swiss-based technology provider that specializes in developing advanced airborne robots for critical infrastructure inspection and maintenance.
“Voliro’s highly-maneuverable, advanced aerial inspection platform combined with Clearsight’s experienced experts will provide customers with actionable insights about the structural integrity of their equipment without risking the safety of a human inspector,” said Jimmy Carter, General Manager, Constellation Clearsight.
Clearsight will provide its customers with a breakthrough in mobility with the state-of-the-art Voliro T flying robot to further advance its expert inspection offerings. The Voliro T employs six degrees of freedom to fly effortlessly and steadily in the air and to touch objects at any angle. This unique 360-degree drone will enable Clearsight to go further with Non-Destructive Testing (NDT) and provide Ultrasonic Testing (UT) and Dry-Film Thickness (DFT) measurements to its customers.
“Constellation Clearsight presents us with an incredible opportunity – their qualified experts have the knowledge, resources and physical assets to offer solutions to plant owners to perform inspections faster and safer than before,” said Mina Kamel, CEO, Voliro,
Clearsight will assist Voliro in further developing its application base, collaborate on market events, and provide direct market feedback on future releases.
About Voliro
Voliro has developed a highly advanced flying inspection robot for safe and efficient work at height. Voliro protects and maintains critical infrastructure by delivering high quality, cost-effective and time-efficient robotic inspection and maintenance solutions. Voliro’s powerful aerial robotics platform is supported by a strong ecosystem of applications delivered via in-house and third-party capabilities. Voliro has already demonstrated strong traction across various industries, for example the oil and gas, petrochemicals, maritime, infrastructure and energy sectors. For more information, please visit https://www.voliro.com or on LinkedIn: https://www.linkedin.com/company/voliro-ch.
About Constellation Clearsight
Constellation Clearsight provides safer, more effective inspections of critical infrastructure by using cutting-edge drone, robot, sensor, submersible and software technologies to deliver key insights that reduce the total cost of asset ownership. Constellation Clearsight is a wholly owned subsidiary of Constellation Energy Corporation (Nasdaq: CEG), the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to millions of homes, institutional customers, the public sector, community aggregations and businesses, including three fourths of Fortune 100 companies. A Fortune 200 company headquartered in Baltimore, our fleet of nuclear, hydro, wind and solar facilities have the generating capacity to power approximately 20 million homes and provide 10 percent of all carbon-free energy on the grid in the U.S. Our fleet is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is nearly 90 percent carbon-free. We have set a goal to achieve 100 percent carbon-free power generation by 2040 by leveraging innovative technology and enhancing our diverse mix of hydro, wind and solar resources paired with the nation’s largest nuclear fleet. Follow Constellation on Twitter @ConstellationEG. Learn more about Constellation Clearsight at https://constellationclearsight.com.
Mina Kamel, CEO and Co-founder, Voliro AG, This email address is being protected from spambots. You need JavaScript enabled to view it.
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As Blockchains and Applications Shift to Energy Efficient Computation Methods Menthol Protocol Will Use Flowcarbon’s Tokens to Offset Remaining Hard to Abate Emissions
NEW YORK--(BUSINESS WIRE)--#carbonmarkets--Flowcarbon, a leading provider of on and off-chain carbon reduction solutions, and Menthol Protocol, the first multi-chain decentralized protocol to automate decarbonization, today announced a partnership that illustrates the ability of blockchain technology to unlock and rapidly multiply positive social impact. Menthol Protocol’s tools, (i.e. middleware), can be integrated into any facet of the web3 tech stack including applications and blockchains to automatically calculate the entity’s carbon footprint and purchase a corresponding amount of qualified tokenized carbon and renewable energy credits. Most web3 entities, including some of the largest blockchains, have transitioned to more energy efficient networks. The Menthol Protocol and Flowcarbon partnership will make it easy for these entities to fully mitigate their carbon impact by offsetting the balance of emissions that cannot be further reduced, also known as hard to abate emissions.
“Our partnership with Menthol Protocol is another piece of the on-chain carbon reduction tech stack and furthers our work to expand access in order to drive funding to carbon projects around the world, and increase overall transparency and adoption,” said Phil Fogel, Chief Blockchain Officer, Flowcarbon. “Menthol Protocol makes it incredibly easy for on and off-chain entities to mitigate their carbon impact - they’ll no longer need to handle complex calculations and solve sourcing issues in order to obtain carbon credits.”
As blockchain technology becomes an increasingly utilized toolkit, digital ledger companies are responding to climate impact concerns resulting from the potential carbon intensity of their operations. New blockchains and applications are using proof of stake instead of proof of work, which has already drastically reduced emissions within the sector, and entities are now looking to offset any residuals. Menthol makes it possible for offsetting to occur at the individual, protocol, or blockchain level.
Menthol’s process involves curating high-impact tokenized carbon and renewable energy credits, calculating on-chain emission and energy consumption, and neutralizing emissions and dirty energy usage in partnership with impactful sustainability projects. The protocol commits that all tokenized offsets or credits that originate from these projects will have verifiable, measurable, and permanent benefits for both the ecosystem and the local community.
“Menthol Protocol is dedicated to maximizing the social impact of web3’s decarbonization efforts by supporting sustainability partners that can transparently demonstrate the largest measurable positive environmental impact, while improving the socioeconomic material conditions of local communities,” said Amir Sultan Malik Awan, CMO and Co-Founder, Menthol Protocol. “Flowcarbon provides the best in class solution for achieving this and will only continue to push the sector towards high quality solutions as they develop and scale carbon projects and different token options that incorporate co-benefits.”
In addition to carbon reductions, Menthol will offer impact tokens having benefits that contribute to the UN Sustainable Development Goals (UNSDG’s). Users are also able to set criteria for the kinds of projects and impact they want their mitigation efforts to support. Hereby, Menthol`s solution ecosystem is also geared towards use-cases beyond the regeneration of web3. In particular, Menthol will also empower off-chain companies and allow them to have an account on Menthol Protocol, putting their climate and Corporate Social Responsibility goals on auto-pilot leveraging web3 technology.
About Flowcarbon
Flowcarbon is a pioneering climate technology company that brings carbon credits onto the blockchain. Its mission is to make carbon markets accessible and transparent, enabling the efficient and early flow of capital to be invested directly into projects that combat climate change. Flowcarbon is committed to driving real impact for people, biodiversity, and the planet. To learn more about our work visit our blog.
About Menthol Protocol
Menthol Protocol`s vision is turning climate crises into climate action by making sustainability affordable, accessible, and integrated into everybody's life. Hereby, Menthol offers an end-to-end solution, allowing any individual or organization to offset their historical carbon-footprint and automate climate-positivity for future carbon footprints with just a few clicks. Learn how to be part of our green-pilled movement on our socials and website.
Nicole Shore
Head of Communications
Flowcarbon
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New Software Features Drive Tangible Bottom Line Impact, Helping Organizations Rightsize and Control Software Spend at a Moment Where Cost Optimization Is a Priority for Everyone
NEW YORK--(BUSINESS WIRE)--Tropic, the purchasing infrastructure platform that helps companies optimize SaaS buying, announces the release of new features that eliminate inefficient spending within a company’s tech stack, all through a single, integrated dashboard. Tropic enables companies to better navigate fluctuating economic conditions by making significant reductions to their operating expenditures without compromising their tech stack or related capabilities. Through increased visibility, process automation, and enhanced negotiation tools, Tropic saves companies an average of 23% and 380 hours annually on software purchasing, while helping them adapt their buying approach for the current economic climate.
Tropic aggregate data reveals economic volatility is already changing SaaS buying behavior, with a 77% year-over-year decline in multi-year contract requests, suggesting companies are prioritizing flexibility (payment frequency and terms) and are willing to head back to the negotiating table to get it. Tropic data also shows that less than 5% of companies froze new software purchases in the past month, indicating that optimization is trumping budget cuts on the tech front.
“With discussion of an impending recession looming, decision-makers have been forced into a corner - cut software spending or cut headcount," said David Campbell, CEO of Tropic. “Our data indicates that companies are currently overpaying for software, by around 30%, which presents tech-forward organizations with a direct opportunity to reduce their opex and rightsize their contracts. By providing today’s companies with turnkey purchasing infrastructure, our expansive platform delivers all the cost-optimization capabilities and services they need in order to weather the storm.”
Tropic’s software platform now includes functionality that automates complex purchasing and approval workflows, such that any stakeholder at any company can easily buy the tools they need from a single purchasing portal. In addition, new spend control features allow companies to monitor tool-specific usage across their software stack at the user level and measure against the contract in place to ensure appropriate spend and create maximum impact during the contract renewal process.
“We started working with Tropic in the middle of the pandemic and started seeing value almost immediately,” said Steve McMullen, Broadlume’s VP of Business Operations. “I love hopping into the dashboard and seeing the dollar value of savings that we’ve achieved with Tropic.” Beyond the dollars and cents, the Tropic platform also helps companies clear productivity roadblocks for their entire organization. “They’ve allowed me to be more productive in other areas of the business and actually improved our relationships with vendors,” said Heather Scheel, a Senior Systems Program Manager at Broadlume.
Companies can use Tropic to buy additional licenses, renew contracts, buy new tools, and cancel agreements with the click of a button. At the same time, Tropic also empowers central finance and procurement teams with unprecedented visibility and control over approvals, sourcing events, spend management, renewal dates, and vendor market insights. Activities that used to require hours of research, email, and phone calls now happen in a point-and-click format on the Tropic platform, with Tropic’s Assisted Purchasing service absorbing the manual effort. Tropic has processed 10,000+ transactions for 170 customers across 2,000+ vendors, and it is using the insights to create ongoing, differentiated value for its customers.
About Tropic
Tropic is the Purchasing Infrastructure Platform. The average company is overpaying on software by 30% because of unnecessary complexity in the purchasing process. Tropic delivers data, tools, and services, enabling customers to reduce expenses and manage spend with unprecedented control. Tropic manages hundreds of millions in spend for companies like Qualtrics, Intercom, Vimeo, and Zapier. Tropic is also hiring! Learn more about Tropic and available careers by clicking "Jobs" on the Tropic homepage.
Media:
Cari Sommer
RAISE Communications
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DUBLIN--(BUSINESS WIRE)--The "Digital Transformation Market in The Oil and Gas Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
Digital transformation has been one the key trends driving the global Oil & Gas industry since the last decade. This transformation enable the operations to leverage advanced digital technologies such as AI, IoT, Big Data among others to drive efficiencies and thereby open up new opportunities for the same as it might involve digital twins which evidently improves the efficiency of predictive maintenance of the critical assets and thereby restricting the exposure of hazardous task to the workers in the facilities.
With oil and gas upfronting the energy sectors added with an increased focus on improving efficiencies and reducing downtime set as a priority by oil and gas companies has resulted in profits been slashed since the year 2014 majorly due to fluctuating oil prices globally. However, raising concerns over the environmental impact of energy production and consumption persist, companies are actively seeking to innovate their strategies and goals while reducing the environmental feedback
Additionally, the price of oil reduced by 40%, since hitting four-year highs of above USD 76 a barrel in October 2018, in the United States, nurturing concerns for oil and gas firms. Hence, the companies in the oil and gas sector are experimenting with contemporary technologies to increase their efficiency and revenue. By leveraging technologies such as AI in oil and gas operations, corporations can design algorithms to guide drills on landmass and ocean floor.
For instance, UK's first oil and gas National Data Repository (NDR), launched in March 2019, using AI to interpret data, which according to the OGA anticipations will assist to discover new oil and gas forecasts and permit more production from existing infrastructures.
Also, the application predictive analytic algorithm is fueling the automation across the upstream segment of the oil & gas industry majorly attributed to the increasing demand for big data technology in the oil & gas industry to augment E&P capabilities with the growing need for automation in the oil & gas industry there by increasing the investments through joint venture capitals.
Additionally, adoption of monitoring equipment such as IoT will allow companies to further digitize the industry by automating and optimizing the processes and eliminating the risk associated including as safety and regulation issues, remote access by constantly enabling constant monitoring of the equipment.
Key Market Trends
Competitive Landscape
The Global Digital Transformation Market in The Oil and Gas Industry is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives, acquisitions to increase their market share and increase their profitability.
Key Topics Covered
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Need to Implement Disruptive Technologies to Optimize Operations & Increase Safety
4.2.2 Regulatory Requirements
4.3 Market Restraints
4.3.1 Volatile Oil Price Situation
4.3.2 Stagnant Industrial Growth in Developed Countries
4.4 Value Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of Impact of COVID-19 on the Industry
5 MARKET SEGMENTATION
5.1 Enabling Technologies
5.1.1 Big Data/Analytics and Cloud Computing
5.1.2 Internet of Things (IoT)
5.1.3 Artificial Intelligence
5.1.4 Industrial Control Systems (PLC, SCADA, HMI, DCS etc.)
5.1.5 Extended Reality (AR, VR and MR)
5.1.6 Field Devices (Sensors, Motors, VFD etc.)
5.2 Sensor
5.2.1 Upstream
5.2.2 Midstream
5.2.3 Downstream
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Investment Analysis
6.3 Company Profiles
6.3.1 Schneider Electric SE
6.3.2 Rockwell Automation Inc.
6.3.3 Honeywell International Inc.
6.3.4 ABB Ltd.
6.3.5 Mitsubishi Electric Corporation
6.3.6 Siemens AG
6.3.7 Omron Corporation
6.3.8 Yokogawa Electric Corporation
6.3.9 Fanuc Corporation
6.3.10 WFS Technologies Ltd.
6.3.11 Magseis Fairfield ASA
6.3.12 Rohrback Cosasco Systems, Inc.
6.3.13 IBM Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/kctkiw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--#batteries--East Point Energy (“East Point” or the “Company”), an experienced developer of grid-scale energy storage projects, is pleased to announce it has signed an agreement to sell the Company to Equinor, a leading company in the energy transition.
Led by CEO Andrew Foukal, the founders will continue to manage East Point as a wholly-owned subsidiary of Equinor. The financial strength and renewable energy expertise of Equinor will enable East Point to accelerate its growth, build out its 4+ gigawatts (GW) pipeline of strategically-sited projects across the U.S., and transition the Company into a market-leading independent power producer.
Founded in 2018 by an executive team with deep experience in the U.S. renewable energy sector, East Point has established a proven track record of growth while executing on its founding mission to make the electrical grid more renewable, resilient, and affordable. With long-term backing from Equinor, a global leader in the energy transition, East Point is poised to pursue at scale the burgeoning U.S. energy storage market opportunity. The talented team at East Point will continue to employ a fundamentals-based development philosophy and foster a collaborative and purpose-driven culture.
“When we set out to find a capital partner, first and foremost, we were looking for a strategic and cultural fit,” says Andrew Foukal, CEO of East Point. “The Equinor team understands our business and the critical importance of energy storage. They have established a significant presence in the U.S. and are dedicated to long-term growth. This is a great opportunity for both teams, as well as our project partners going forward.”
Equinor is one of the largest offshore wind developers in the U.S. The acquisition supports Equinor’s ambition to be a leading company in the energy transition and provides a platform for broadening its energy offerings in the U.S.
“We look forward to working together with East Point Energy to build a portfolio of battery storage assets in the U.S. This strengthens and diversifies our existing renewable energy offerings in the U.S., which includes substantial offshore wind projects Empire Wind and Beacon Wind,” says Siri Espedal Kindem, senior vice president for Equinor Renewables US.
Marathon Capital, an independent investment bank delivering strategic financial advice to the clean energy, sustainable technologies, and infrastructure markets, acted as exclusive financial advisor to East Point on the transaction.
“It was an absolute pleasure working with the East Point team, and we are delighted to have assisted them on their journey to be one of the most significant standalone battery storage platforms in the U.S. In Equinor, East Point has found not only a great cultural fit, but also the full backing and know-how of a world-class energy company,” says Ammad Faisal, Senior Managing Director and Co-Head of the NYC office at Marathon Capital.
About East Point Energy
East Point Energy develops standalone, grid-scale energy storage projects that enable a more renewable, resilient, and affordable electric grid. East Point is currently developing gigawatts of energy storage projects throughout the country and has transacted on several hundred megawatts with some of the largest, most sophisticated energy investors in the country.
The firm’s executive team founded East Point in 2018, bringing decades of combined energy development experience and over 1.8 gigawatts of solar, wind, and energy storage projects currently in operation across the United States.
East Point is technology and contractor agnostic, allowing us to find the best solution for each project. Our nimble team is comprised of hard-working, strategic problem solvers who are passionate about sustainability. Success for East Point is measured by delivering affordable energy storage solutions that benefit the grid, communities, and our environment. www.eastpointenergy.com
About Equinor Renewables US
Equinor is one of the largest offshore wind developers in the U.S., where it operates two lease areas, Empire Wind and Beacon Wind. Together, Empire Wind 1, Empire Wind 2, and Beacon Wind 1 will provide New York State with 3.3 gigawatts (GWs) of energy —enough to power nearly two million homes—including more than 2 GWs from Empire Wind 1 and 2 and 1,230 megawatts from Beacon Wind 1. www.equinor.com/where-we-are/us-renewables
About Marathon Capital
Over its more than two-decade history, Marathon Capital has emerged as the world’s largest independent advisory bank serving the global sustainable energy, technology, and infrastructure markets. The firm is known as a key thought leader in global energy transition and is consistently viewed as the most innovative bank across clean energy with strong, established relationships among both strategic and financial institutional investors located throughout the United States, Canada, Latin America, Europe, Middle East, Asia, and Australia. Marathon Capital is a leading Clean Energy Advisor as ranked by Bloomberg LP in its annual New Energy Finance League Tables from 2019 - 2021 and has been a multi-year winner of M&A Advisor of the Year by Power, Finance & Risk Magazine. Marathon Capital operates from its global headquarters in Chicago, IL, and offices in New York, Houston, San Francisco, and London, as well as representative offices in Canada and Brazil. www.marathoncapital.com
Press
Anne Eschenroeder, This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-434-465-6210
Sevier County Utility District to Deploy Itron’s Smart Gas Metering Solution to Streamline Meter Reading
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AMI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and its channel partner United Systems & Software (USS) announced that they are collaborating with Sevier County Utility District (SCUD) to deploy Itron’s AMI Essentials for Gas, including 15,000 Itron Cellular 500G Gas Modules and Temetra, Itron’s next generation meter data collection and management solution. The solution will allow the utility to increase visibility into their gas distribution system, streamline meter reading and optimize operations across SCUD’s gas district in Tennessee. USS will assist SCUD in deploying the gas modules across SCUD’s territory over the next two years.
Featuring extended data storage, the Cellular 500G captures interval data to support improvements in safety, customer service and operations. To store and analyze the gas meter data, SCUD is taking advantage of Temetra. With Temetra, the utility can gain better visibility into its distribution network and easily manage and collect data from the gas meters. The utility can optimize its operations by having all data across its gas distribution network securely and easily accessed through the cloud.
“At SCUD our mission is to provide an economical and reliable source of natural gas to our customers in a manner that is safe. With Itron’s AMI Essentials for Gas, which uses smart gas modules to work with Temetra, we can achieve both operational efficiency and improved safety by monitoring daily gas consumption across our distribution network,” said Matt Ballard, president of SCUD. “With reliability at the forefront of our mission, not only does Itron’s solution capture 24 hours of data collected daily but Temetra’s read validation ensures meter reads are recorded accurately.”
“We look forward to supporting SCUD’s goals to safely and reliably deliver gas services to its 15,000-customer gas district in east Tennessee. Itron’s gas communication modules offer the highest in reliability, accuracy, battery life and security standards,” said John Marcolini, senior vice president of Networked Solutions at Itron. “Itron’s turnkey AMI Essentials for Gas solution enables utilities to digitize their gas delivery operations and create new data-driven insights to improve customer satisfaction. The deployment will allow SCUD to modernize its gas distribution system and improve customer service as well as support future growth and expansion of the utility’s gas district.”
“Operating in 18 states, USS has served the utility industry with Itron solutions for over 20 years. As an Itron Engage Expert Channel Partner, we are excited to build upon our partnership with Itron and pleased that this deployment will provide SCUD with greater operational efficiencies, helping the community and the utility reach its natural gas delivery goals,” said Brian Boyd, vice president of Sales at USS.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
About United Systems & Software
United Systems offers innovative technology to help utilities optimize and sustain the delivery of water and energy— Advanced Metering Infrastructure (AMI), Software, Water Loss Management. United Systems complements these advanced solutions by offering Project Management services. Each deployment is different, so we follow a unique path in helping define project scope, setting project schedules and maintaining project budget adherence — while following proven project management principles.
Find out more: https://www.united-systems.com
For additional information, contact:
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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Climate tech startup that designs, manages and covers 100% of upfront costs to modernize home energy systems announces WGN Radio contest to select essential worker to receive home comfort retrofit.
CHICAGO--(BUSINESS WIRE)--Sealed officially launched its services in the Chicago metro area, becoming Chicagoland residents’ full service partner to stop home energy waste and electrify their homes. As Chicagoans enter another blazing hot and humid summer, Sealed is also announcing “Sealed For Heroes Chicago,” a contest with WGN Radio to provide a free home energy efficiency project to deliver comfort and reduced energy use to a deserving homeowner who has been an essential worker during the COVID-19 pandemic. Contest details and entry form are available at sealed.com/hero.
Chicago and Illinois stand out as regions of the country where hot, humid summers, cold winters, and old, inefficient homes come together. Illinois ranks seventh among the states in single family homes’ energy use for heating; it’s also seventh in energy used for cooling by single family homes. A partial cause of these high energy expenditures is a concentration of homes constructed before energy efficiency was a major consideration for builders and buyers. In the Chicago metro area, 84% of homes were built before the year 2000, when efficiency standards became prominent.
“Millions of Chicagoland residents live in drafty, poorly-insulated homes with aging HVAC systems that waste energy. The area is an ideal match for our services with its hot, humid summers, cold winters, and old housing stock,” said Lauren Salz, CEO and cofounder of Sealed. “Chicago area residents are now able to make their homes more comfortable, stop energy waste, eliminate fossil fuels, and slash their household emissions–all with zero up-front payment.”
Sealed’s proven holistic approach to eliminating energy waste can reduce energy use by up to 50% and take homes completely off of fossil fuels with upgrades like high-performance insulation, air sealing, and heat pumps. To get home energy upgrades done quickly and smoothly, Sealed eliminates up-front costs with a unique performance payment program, and manages the entire process of finding and vetting contractors to carry out the work. Sealed is the only service provider in the home energy improvement sector that’s accountable to its impact: if the company doesn’t cut energy waste, it doesn't get paid.
“Chicago area housing is in dire need of energy efficiency updates. Partnering with Sealed as they enter the Chicago market will allow us to hire more people, grow our business, and serve our community,” said Dumitru Nicolaescu, owner of Green Attic, a local Chicago home energy improvement contractor and Sealed preferred service provider. “When we met the Sealed team, we felt like kindred spirits. We truly believe homeowners can be more comfortable with less energy and we are excited to work with Sealed to accelerate our impact in the local community.”
“Having spent much of my childhood, in old, drafty houses in the area, I know how much Chigagoans can benefit from our services,” said Andy Frank, Sealed’s cofounder and President and a native of the Glen Ellyn suburb of Chicago. “As we make Chicagoland homes more comfortable and less wasteful, we’ll also make a dent in greenhouse gas emissions in the region, a central goal of Illinois’ Climate Act of 2021.”
Sealed For Heroes Chicago
To celebrate bringing more comfort, more convenience and reduced climate change impact to the Chicago area, Sealed has partnered with WGN Chicago and Lou Manfredini to find a single-family homeowner from the Chicago area that deserves a comfortable and energy efficient home. In the past two years essential workers have gone above and beyond to keep us healthy, our kids in school, and our communities functioning. Our hardest workers deserve to enjoy all of the comforts of home, and reduce their energy use.
The winner will receive a whole home comfort makeover including upgrades like insulation, HVAC, and smart home tech. These upgrades can reduce your home’s energy waste by up to 50%, make your house warmer in winter, cooler in summer, and will balance out uneven temperatures all year round. The project will be installed by a top rated local contractor. Friends, family and neighbors can nominate an essential worker in their lives or they can nominate themselves at sealed.com/hero from June 30 to July 31. Details and official terms are available at sealed.com/hero.
About Sealed:
Sealed is a climate tech company on a mission to stop home energy waste and electrify all homes. Sealed designs, manages and finances home weatherization and electrification projects, making it easy and affordable for people to be more comfortable while using less energy. Our proven holistic approach can reduce energy use by 50% and take a home completely off of fossil fuels with upgrades like high-performance insulation, air sealing, and heat pump HVAC. Our expert team designs the right solution, matches top-rated local contractors, and manages the project start to finish. Sealed covers the upfront costs, and we’re accountable to impact: if we don’t cut energy waste, we don’t get paid. Sealed is venture backed and based in New York City. Learn more at sealed.com.
Media Contact
Redwood Climate Communications for Sealed
Josh Garrett
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DUBLIN--(BUSINESS WIRE)--The "France Shipping Containers Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The country research report on France shipping containers market is a customer intelligence and competitive study of the France market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the France market. Also, factors that are driving and restraining the shipping containers market are highlighted in the study.
This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the shipping containers market in France.
Segments Covered
Segmentation Based on Container Size
Segmentation Based on Product Type
Segmentation Based on End User
Key Topics Covered:
1. Report Overview
2. Executive Summary
3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for France Shipping Containers Market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in France Shipping Containers Market
4. France Shipping Containers Market by Container Size
4.1. Small Container
4.2. Large Container
4.3. High Cube Container
5. France Shipping Containers Market by Product Type
5.1. Dry Storage Container
5.2. Flat Rack Container
5.3. Refrigerated Container
5.4. Others
6. France Shipping Containers Market by End User
6.1. Food & Beverages
6.2. Consumer Goods
6.3. Healthcare
6.4. Industrial Products
6.5. Others
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/9rlak0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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New unified suite connects people, workflows, and systems across the energy ecosystem
HOUSTON--(BUSINESS WIRE)--Quorum Software (Quorum), a global software leader dedicated to the energy industry, unveils its expanded global vision with the Quorum Energy Suite (QES), the company’s comprehensive portfolio of solutions that will serve as the foundation for innovation and growth.
Following last year’s merger between Quorum and Aucerna, and the acquisition of TietoEVRY’s Oil and Gas software business, Quorum has unified its 38 applications into a single portfolio.
The QES applications are distributed across nine functional areas of the industry from upstream planning, economics, and reserves through execution and well operations, accounting, land management, and production optimization, to midstream and measurement, plus transportation and cargo logistics. Product names remain intact and are defined with common language, enabling the market to understand how QES serves their business.
“The Quorum Energy Suite represents the broadest, deepest suite of applications and services in the market and brings immense capabilities to our customers by extending the value they have today,” said Tyson Greer, Chief Products Officer of Quorum Software.
QES will prioritize innovation by expanding the company’s renewables leadership, enabling LNG import and export operations, and delivering integrated workflows throughout the energy ecosystem, leveraging the cloud and other digital capabilities.
“Quorum is continuously delivering value to customers by providing decision-ready data, automation, and integrations that give them results today and a path to a connected future,” said Gene Austin, CEO of Quorum Software. “While our clients are competing for capital, energy, and talent, Quorum is there as a trusted partner providing deep, personalized expertise and leading technology to drive profitability and growth.”
To learn more, visit Quorum Software’s new website at quorumsoftware.com.
About Quorum Software
Quorum Software is a leading provider of energy software worldwide, serving more than 1,800 customers across the entire energy value chain in 55 countries. Quorum’s solutions power growth and profitability for energy businesses by connecting people, workflows, and systems with decision-ready data. Twenty years ago, we delivered the industry’s first software for gas plant accountants, and today our solutions streamline business operations with industry forward data standards and integrations. The global energy industry trusts Quorum’s experts and applications to successfully navigate the energy transition while delivering value today and into the future. For more information, visit quorumsoftware.com.
Lauren Force
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BOSTON--(BUSINESS WIRE)--Schneider Electric™, the leader in digital transformation of energy management and automation, has announced a series of updates to its vendor-agnostic and CPD-accredited digital education platform, Schneider Electric University. Available in 14 languages and accessible globally for free online, the dedicated professional development platform directly addresses the data center sector skills gap, helping industry stakeholders to upskill and stay up to date with the latest technology, sustainability, and energy efficiency initiatives affecting the sector.
To-date, Schneider Electric University has delivered more than one million courses to over 650,000 data center users, with +180 countries represented by its global user-base. The new updates to the Schneider Electric University Data Center Certified Associate (DCCA) qualification include fundamentals of power, cooling, racks, and physical security, and guidance on how to optimize data center designs to drive resilience, energy efficiency and sustainability. It’s newest courses, for example, include Optimizing Cooling Layouts for the Data Center; Fundamental Cabling Strategies in the Data Center; Examining Fire Protection Methods in the Data Center; and Fundamentals of Cooling II – Humidity in the Data Center.
Furthermore, its curriculum addresses key focal points for the industry such as Data Center Site Selection and Planning, which offers guidance on how to select brown and greenfield sites for access to renewable energy; Alternative Power Generation Technologies, which helps drive the implementation of renewable energy strategies, on-site power generation and use of technologies such as microgrids; and Battery Technology for Data Centers, which evaluates the sustainability impact of different types of UPS batteries, the benefits of Lithium-Ion technology, and offers an analysis of the associated lifecycle costs.
Addressing the industry skills gap
Research in the Uptime Institute Annual Data Center Survey 2021 estimates staff requirements will grow globally to nearly 2.3 million in 2025. Further, 32% of respondents reported difficulty in retaining staff, with 47% having difficulty finding qualified candidates for open jobs. Attracting and retaining talent within the industry, which is the heart of the digital economy, is now reaching a critical mass.
By encouraging individuals to upskill and continue their professional development for free, the Schneider Electric University is directly addressing the data center industry skills gap and talent shortage, helping businesses to attract, retrain both new and existing talent, and providing access to specialized technical education, everywhere.
“In the last few years data center capacity demands have grown exponentially, reaching record new highs as digitization and cloud adoption accelerates. The sector skills shortage, however, remains a significant challenge and has potential implications for other connected industries,” said Pankaj Sharma, EVP Secure Power Division. “By providing guidance on the latest technology and sustainability initiatives, we believe the Schneider Electric University offers an invaluable resource to help bridge the skills gap by empowering business ecosystems, reskilling the workforce, and training the next generation of professionals to build the data centers of the future.”
Long-term commitment to education
Prior to its acquisition by Schneider Electric in 2006, members of the Data Center Science Center at APC™, Schneider Electric’s flagship brand of battery back-up power, surge protection, and IT physical infrastructure for data centers and edge computing environments, created the ‘Data Center University’ as a free resource to help train and upskill the next generation of industry professionals. Their vision was to create a CPD-accredited training curriculum that would support the professional development of industry stakeholders and prepare them to build the data centers of the future.
As ‘Schneider Electric University’, the platform has grown to offer more than 200 data center, energy efficiency and sustainability courses via two dedicated colleges, the Professional Energy Manager (PEM), and the DCCA qualification. All courses are available as self-paced, one-hour modules, in 14 different languages, offering free access to energy education, everywhere. Further, the university is recognized by 25 different industry CPD bodies including BICSI, the Electrical Contractors Association (ECA), Engineers Ireland, and the Renewable Energy & Energy Efficiency Partnership (REEEP).
As one of the industry’s-first dedicated professional development platforms for data centers and energy management, Schneider Electric University has remained completely impartial with all courses maintaining 100% vendor-neutrality. To-date it has delivered over 1,000,000 courses to more than 650,000+ users globally and offers a crucial lifeline for industry professionals seeking to advance their skillsets.
For more information on Schneider Electric University – visit the website.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Hashtags: #DataCenter #LifeIsOn #sustainability #SEUniversity
Thomas Eck
919-266-8623
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Engineers developed new test stand that can be used to evaluate valves under high pressure with hydrogen
SAN ANTONIO--(BUSINESS WIRE)--#GasFlowTesting--Southwest Research Institute is testing the durability of valves on fuel tanks for hydrogen-powered vehicles. Hydrogen is increasingly being considered as an alternative to fossil fuels in the transportation sector. The work is being completed as part of an effort with the National Highway Traffic Safety Administration (NHTSA) to evaluate current testing standards for pressurized hydrogen tank valves.
In recent years, government and industry demands for hydrogen research have increased as industry searches for alternatives to burning fossil fuels, which contributes to climate change. SwRI is leading several multidisciplinary efforts to evaluate hydrogen as a potential fuel source for automobiles, power generation and even as a replacement for natural gas in homes.
“The advances in hydrogen-powered vehicles have led to an increased need for evaluating fuel tank components pressurized with hydrogen gas,” said SwRI Research Engineer Jacqueline Manders. “It’s necessary for our industry partners to ensure that these tanks and the associated components are safe and reliable prior to use on the road.”
Manders led the development of a new test stand at SwRI that will be used to perform pressure integrity testing on valves and flow components with hydrogen gas. The test stand is designed to achieve pressure as high as 20,000 psi, with temperature control capabilities ranging from -40 to 240 degrees Fahrenheit.
“We’re certainly expanding our component test capabilities at SwRI using hydrogen at these pressures and temperatures,” Manders said. “Testing with hydrogen is more challenging than with inert gases such as nitrogen or helium. It is imperative to understand the safety hazards associated with hydrogen to design our test stand and develop testing procedures.”
The purpose of the current test program is to evaluate and provide feedback on a series of tests for primary closure components on compressed hydrogen storage systems, as specified in a worldwide standard.
”There is also tremendous potential to use the test stand for future integrity testing on components for the hydrogen industry, improving component reliability,” Manders said. “With the increased demand for hydrogen research, it’s imperative that we evaluate current test procedures and ensure that these products are being qualified to an acceptable standard.”
The temperature and pressure extremes are meant to test the hydrogen valves beyond their expected operating range, conservatively qualifying them for use in vehicles in different climates all over the world.
The test stand is now in operation, allowing the Institute to test hydrogen valves for NHTSA as well as other clients.
For more information, visit https://www.swri.org/flow-component-testing/gas-flow-testing and https://www.swri.org/industry/advanced-power-systems/hydrogen-energy-research.
About SwRI:
SwRI is an independent, nonprofit, applied research and development organization based in San Antonio, Texas, with more than 3,000 employees and an annual research volume of nearly $726 million. Southwest Research Institute and SwRI are registered marks in the U.S. Patent and Trademark Office. For more information, please visit www.swri.org.
https://www.swri.org/press-release/swri-tests-durability-fuel-tank-valves-hydrogen-powered-vehicles
Joanna Quintanilla • (210) 522-2073 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Special joint report offers insights into creating board-level climate dashboards
JERSEY CITY, N.J.--(BUSINESS WIRE)--The thought leadership arm of the Global Association of Risk Professionals (GARP), GARP Risk Institute (GRI), published a special climate risk report today created in collaboration with the United Nations Environment Programme Finance Initiative (UNEP FI).
Titled “Steering the Ship: Creating Board-Level Climate Dashboards for Banks,” the paper offers a comprehensive framework for establishing board-level climate dashboards that can be used to report decision-useful climate information and metrics. Developed through insights from 50 top financial institutions, including BNP Paribas, Bradesco, ING, MUFG, Santander, TD Bank and Wells Fargo, it covers the “what,” “why,” and “how” of creating a climate dashboard while addressing some of the key related challenges banks are facing.
Within companies, boards play a pivotal role in steering their organization through the increasingly complex and challenging climate risk landscape. According to GARP's 2021 Climate Risk Management Survey, 92% of financial institutions report that their boards have oversight over climate risk management. But some supervisory reports have noted that boards lack appropriate management information and metrics with which to perform this oversight.
"As climate change risks increase worldwide, company boards will be critical in ensuring their firms remain resilient and on a path to net zero,” said Jo Paisley, president of GRI. “It is the board's responsibility to decide how it intends to oversee risk management policies and practices, and a climate dashboard is likely to become an increasingly useful way for the board to discharge this responsibility.”
The report clarifies the different types of boards within banks to ensure a common understanding of terminology, before discussing the range of perspectives that a bank board should consider, with examples of information relevant to each. It examines common challenges that banks face in creating dashboards, but also provides concrete direction for how to structure an effective climate dashboard, providing high-level and detailed examples of dashboards — both hypothetical and from published reports.
“Bank boards now have the tools to understand the impacts climate change will have on their business,” said Maxine Nelson, senior vice president of GRI. “A board-level dashboard with key climate metrics is an excellent way to start to convey the breadth and depth of issues that banks increasingly need to navigate and to help them align their business with the goals of the Paris Agreement.”
To access the full paper, visit GARP’s Climate Risk Resource Center.
About the Global Association of Risk Professionals
The Global Association of Risk Professionals is a non-partisan, not-for-profit membership organization focused on elevating the practice of risk management. GARP offers the leading global certification for risk managers in the Financial Risk Manager (FRM®), as well as the Sustainability and Climate Risk (SCR®) Certificate and ongoing educational opportunities through Continuing Professional Development. Through the GARP Benchmarking Initiative and GARP Risk Institute, GARP sponsors research in risk management and promotes collaboration among practitioners, academics, and regulators.
Founded in 1996, governed by a Board of Trustees, GARP is headquartered in Jersey City, N.J., with offices in London, Beijing, and Hong Kong. Find more information on garp.org or follow GARP on LinkedIn, Facebook, and Twitter.
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Upstart Power achieves key technical milestone with next-generation, solid oxide fuel cell generator, for on-demand operation in residential & small industrial backup applications
SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Upstart Power, a leading developer and manufacturer of solid oxide fuel cell (SOFC) power systems for backup power and distributed generation, announces that its latest SOFC systems have achieved a major technical milestone – delivering over 1,000 complete on/off cycles. This unique achievement by Upstart Power further validates that its innovative SOFC generator platform, protected by a robust patent portfolio, can deliver next-generation energy capabilities that are operationally valuable and superior to internal combustion generators.
Upstart has been pioneering the concept of high cycle SOFC systems specifically designed for intermittent operation, providing on-demand energy in collaboration with battery storage and solar power.
Using commonly available propane or natural gas, Upgen® SOFC generators provide critical backup or supplemental power when grid power is unavailable or renewable resources are insufficient. Other commercial SOFC systems are designed to be always on (unable to cycle) and, therefore, are not suitable as a power source for applications that require intermittent operation such as backup power or grid services.
‘Unlike traditional SOFC systems that need to operate continuously, our Upgen SOFC generators are specifically designed and optimized for intermittent, on-demand operation, starting in under 30 minutes and cycling off reliably when no longer required,’ said Nate Palumbo, Chief Technology Officer at Upstart Power. ‘Our rigorous and comprehensive testing protocols cover all key elements of the SOFC system including stack, reformer, ignition module, thermal management, and controls.’
Cleaner, safer, quieter, maintenance-free and significantly more efficient than legacy internal combustion engine generators, Upgen is the ideal complement to solar and battery storage in a home energy management system and ensures energy resilience and grid independence when the grid has failed (again!), the sun isn’t shining (enough!), and the batteries can’t keep up (with the home loads), said Georg Bettenhauser, VP of Business Development at Upstart Power. ‘For homeowners concerned with rising utility bills and increasingly frequent grid outages, solar and battery storage alone is like a four-foot blanket for a six-foot person ... during prolonged grid outages with insufficient sunshine, some part of your lifestyle is not going to be covered.’
Upgen systems are currently in phase 2 trials at several customer sites in North America. Upstart plans to commercially launch its next-generation Upgen NXG™ product in mid-2023 and to rapidly scale shipments through 2024 and beyond. In the coming quarters, Upstart will continue to expand its commercial network of go-to-market partners across the solar, battery storage, and backup generation markets – please click here if there is interest in becoming an Upstart partner. Upstart will also be kicking off a product pre-order campaign for end-users later this year – please watch our website and for details.
About Upstart Power, Inc.
Upstart Power designs and produces market disruptive solid oxide fuel cell (SOFC) generators for Residential and Industrial applications that are dependable, sustainable, carbon efficient, and virtually silent. The Upgen® products from Upstart Power work collaboratively with battery storage to cover for grid outages and solar shortfalls, providing 24-7-365, long-duration resiliency. Founded in late 2018, Upstart Power is a privately held company, funded by investors including TJ Rodgers, Enphase Energy and Sunnova Energy.
For more information, visit www.upstartpower.com
Upstart Power
Robyn Kennedy DeSocio
Investor Relations
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614.877.8278 ex. 124
OAKVILLE, Ontario--(BUSINESS WIRE)--Siemens Energy announced today that it has been selected as the single solution supplier for the all-electric Woodfibre LNG project near Squamish, in British Columbia, Canada. Siemens Energy’s scope includes all equipment associated with the main refrigeration trains including compressors, synchronous motors, variable speed drives, converter transformers, harmonic filters and numerous powerhouses. The main refrigeration compressor trains are one of the components of the liquefaction process that produces the LNG that will eventually be stored in tanks and then transported to LNG tankers for shipping abroad.
The environmentally friendly LNG facility will be located at the site of a former pulp and paper operation. It will be sized for 2.1 million tonnes per annum and utilize clean, renewable hydroelectricity, reducing its greenhouse gas emissions by more than 80%. This will make the plant one of the lowest emission LNG export facilities in the world. It will also support global decarbonization with exports to Asian economies that are currently driven by coal.
Rich Voorberg, president of Siemens Energy for North America said “When it comes to the energy transition, we know that natural gas will be part of the answer. We are proud of our ability to bring end-to-end solutions to industry leading clean energy projects like this one and view the Woodfibre LNG plant as playing an instrumental role in the energy transition here in North America.”
“Woodfibre LNG is working to incorporate a sustainable approach into as many aspects of our project’s engineering and design as possible,” said company president Christine Kennedy. “This includes using safe, efficient equipment for the LNG refrigeration process – like that which Siemens Energy will supply – to build what will become the world’s lowest-emission LNG export facility.”
The project is expected to reach substantial completion in 2027 and begin commercial operation by September of that year. Once completed, it is expected to provide over 100 long-term family-supporting jobs.
This press release and a press picture / press pictures / further material is available at https://press.siemens-energy.com/na.
For more information about our integrated LNG solutions, visit https://bit.ly/3RguOLN.
Follow us on Twitter at: www.twitter.com/siemens_energy
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 91,000 people worldwide in more than 90 countries and generated revenue of €28.5 billion in fiscal year 2021. www.siemens-energy.com.
Stacia Licona
+1 (281) 721-3402
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PARIS--(BUSINESS WIRE)--In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) declares the following purchases of its own shares during the week of July 4 to July 8, 2022.
These transactions were carried out as part of a buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently.
Name of the Issuer |
Identity Code of the Issuer (LEI Code) |
Day of the Transaction |
Identity Code of the Security |
Total Daily volume (in number of shares) |
Daily weighted average purchase price of the shares (in €) |
Market Identity Code |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-04 |
NL0014559478 |
29 917 |
12,233033 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-05 |
NL0014559478 |
40 000 |
12,120485 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-06 |
NL0014559478 |
40 000 |
11,431530 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-07 |
NL0014559478 |
40 000 |
11,675351 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-08 |
NL0014559478 |
35 000 |
12,002940 |
XPAR |
|
|
|
TOTAL |
184 917 |
11,871127 |
|
For detailed information on the transactions carried out and on the objectives of the shares purchases, please refer to the detailed declaration available on https://investors.technipenergies.com/financial-information/notice-trading-own-shares.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: https://www.technipenergies.com.
Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
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Media Relations
Stella Fumey
Director, Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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Annual report illustrates Sappi’s commitment to advancing STEM careers for women and innovation with renewable resources
BOSTON--(BUSINESS WIRE)--Sappi North America, Inc., a leading producer and supplier of diversified paper, packaging products and pulp, today released its 2021 Sustainability Report, which includes the highest possible rating from EcoVadis, the world’s most trusted provider of business sustainability ratings.
Sappi Limited, including Sappi North America, has once again earned a Platinum rating in the annual EcoVadis Corporate Social (CSR) ratings. This achievement places Sappi North America individually and Sappi Limited collectively in the top 1% of all companies reviewed. EcoVadis evaluated Sappi’s commitment to sustainable practices using 21 criteria, including environment, labor and human rights, ethics and sustainable procurement.
The 2021 Sustainability Report displays Sappi’s dedication to innovation, sustainability and business growth throughout its communities and staff. The report also highlights how Sappi remained innovative and prosperous amid supply chain disruptions; its steadfast resolve to advancing women in leadership roles, along with strategic partnerships to forge a path for women in STEM; and its commitment to employee safety and third-party collaborations for sustainability initiatives.
To help achieve its ambitions 2025 sustainable developments goals, Sappi continued to integrate the principles of the United Nations' Sustainable Development Goals as a key part of its business and sustainable practices.
“Our business strategy, operational efficiencies and critical improvement plans in 2021 drove our strong market performance, while at the same time meeting or exceeding our targets for environmental stewardship,” said Mike Haws, President and CEO, Sappi North America. “These achievements are an encouraging start on our journey toward aligning our 2025 strategic goals with the United Nations Sustainable Development Goals, an important global benchmark for sustainability.”
Sustainability Achievements
Highlights from the report include:
“Let me make this real for a moment: our improvement in energy efficiency from the 2019 baseline is enough to electrify over 80,000 homes for a year,” said Beth Cormier, Vice President of Research, Development and Sustainability, Sappi North America. “Our reduction in carbon dioxide emissions, off this same baseline, is equivalent to annually removing over 24,000 cars from our highways. This does not happen without a strong plan to meet these goals, and more importantly, it can only happen with dedicated employees to execute that plan. We accomplished our goals against the difficulties of the COVID pandemic and continual challenges to employee wellness—a real testament to Sappi’s adaptability and perseverance.”
To read Sappi North America’s full 2021 Sustainability Report and request a copy, please visit: http://www.sappi.com/sustainability-and-impact.
About Sappi North America, Inc.
Sappi North America, Inc., headquartered in Boston, is a market leader in converting wood fiber into superior products that customers demand worldwide. Our four diversified businesses – high-quality Graphic Papers, Dissolving Pulp, Packaging, and Specialty Papers deliver premium products and services with consistent quality and reliability. Our high-quality Coated Printing Papers are used for premium magazines, catalogs, books, direct mail and high-end print advertising. We are a leading manufacturer of Dissolving Pulp, which is used in a wide range of products, including textile fibers and household goods. We deliver sustainable Packaging and Specialty Papers for luxury packaging and folding carton applications with our single-ply packaging brands and for the food and label industries with our specialty papers. We are one of the world's leading suppliers of Casting and Release Papers with lines for the automotive, fashion and engineered films industries.
Sappi North America is a subsidiary of Sappi Limited (JSE), a global company headquartered in Johannesburg, South Africa, with more than 12,000 employees and manufacturing operations on three continents in seven countries and customers in over 150 countries. www.sappi.com
For further information
Peter Steele
Corporate Communications Manager
Sappi North America
Tel +1 617 423 5409
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Christy Reiss
Senior Account Executive
Matter Communications
Tel +1 585 489 5006
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OSLO, Norway--(BUSINESS WIRE)--#Alkaline--Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for an alkaline electrolyser system from Skovgaard Energy Aps in Lemvig in Western Jutland, Denmark. The electrolyser system will be used for production of green ammonia.
The green ammonia plant, to be built by Skovgaard Energy and their Danish project partners, Topsoe and Vestas, will be the world’s first dynamic green ammonia plant, where renewable electricity from wind and solar will be connected directly to the electrolyser. This is a demo plant that will test how an ammonia reactor can fluctuate operations based on renewable power input. This will be important learning prior to scaling for future large-scale power-to-X and green ammonia plants. The Danish partnership has been awarded financial support for the project by the Danish Energy Technology Development and Demonstration Program (EUDP).
“We are thrilled for this project, which will be an important milestone in the green transition as it showcases green hydrogen production into green ammonia directly from renewable sources. Skovgaard Energy is an exciting client, and we look forward to continue a fruitful relationship with the company and partners”, says Henning Langås, Senior Tender Manager of Nel Hydrogen Electrolyser.
“For this project we selected the alkaline electrolyser technology from Nel as we do not want to risk the project with unfamiliar electrolyser technology. Nel’s alkaline electrolyser is proven technology of high quality, and it will also match well with the intentions of the demonstration project of dynamic operation of the ammonia plant”, says Pat A Han, Technical Director of Skovgaard Energy. The contract has an approximate value of EUR 4m, and the system is expected to be delivered in Q3 2023.
About Nel ASA | www.nelhydrogen.com
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.
For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of Investor Relations, +47 936 11 350
Or email This email address is being protected from spambots. You need JavaScript enabled to view it.
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