TEL AVIV, Israel--(BUSINESS WIRE)--ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced it has signed a memorandum of understanding (MOU) with Aleees, a Taiwanese manufacturer of lithium iron phosphate (LFP) battery cathode materials. As part of the understanding, Aleees will grant licensed technology on LFP to ICL and will also provide the company with technical information and support services to accelerate the development of cathode material production in the United States.
Plans call for ICL to establish production of 30,000 metric tons, and also future ramp up, for LFP battery cathode materials at its manufacturing campus in St. Louis, which is also its North American headquarters and where the company has a global R&D center.
“We’re looking forward to collaborating with Aleees, a premier LFP technology provider, with customers in Japan, South Korea, Europe and the United States,” said Philip Brown, president of ICL Phosphate Specialties and managing director of North America. “ICL is excited to lead the establishment of a localized, integrated, sustainable supply chain of LFP battery materials for U.S.-based customers and to reduce the risk for U.S. companies currently dependent on foreign supply of LFP materials.”
“The global energy storage market has clearly shifted toward LFP batteries as the dominant, more sustainable, safer and cost-effective solution, and we expect our future production to be exclusively dedicated to this area, with our demand estimated to surpass 170,000 metric tons by 2025, and 500,000 metric tons by 2028,” said Edward Chang, president of Aleees.
About ICL
ICL Group is a leading global specialty minerals company, which also benefits from commodity upside. The company creates impactful solutions for humanity's sustainability challenges in the global food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its passionate team of talented employees, and its strong focus on R&D and technological innovation, to drive growth across its end markets. ICL shares are dually listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2021 revenues totaled approximately $7 billion.
For more information, visit ICL's website at www.icl-group.com.
To access ICL's interactive ESG report, please click here.
You can also learn more about ICL on Facebook, LinkedIn and Instagram.
About Aleees
Aleees is a manufacturer of lithium iron phosphate battery cathode materials, with a number of world-famous battery, electric vehicles and energy storage customers in Japan, Korea, Europe and the United States. Aleees develops and produces lithium iron phosphate battery cathode materials with high-quality, high cost-performance and high life-cycle. In the 17 years since its establishment, the cumulative shipment has exceeded 15,000 tons, and the cumulative revenue has been nearly $250 million. Adhering to the concept of "sustainable human survival and environment-friendly," Aleees won the National Sustainable Development Award in 2013. In respect of corporate governance, Taiwan Stock Exchange (TWSE) has jointly conducted governance evaluations, and Aleees has been ranked among the top 5% of all listed companies in Taiwan for seven consecutive years, remarkable achievements in corporate governance.
Forward Looking Statements
This announcement contains statements that constitute forward‑looking statements, many of which can be identified by the use of forward‑looking words such as “estimate,” “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend” and “potential,” among others.
Forward-looking statements appear in this press release and include, but are not limited to, statements regarding the company’s intent, belief or current expectations, including LFP battery cathode materials production estimates. Forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Such statements are subject to risks and uncertainties, which are derived from, among other things, that the non-binding MOU, as the underlying transaction, depends and relies upon the fulltime of certain conditions. Actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: estimates, forecasts and statements as to management's expectations with respect to, among other things, the consummation of those certain conditions, which the MOU and entire transaction are subject to, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, positioning, objectives and expectations, general economic, market and business conditions, supply chain and logistics disruptions, LFP market growth, which is dependent, among other things, on energy storage and electric vehicle growth, the potential for new COVID-19 variants, global unrest and conflict, governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, changes in environmental, tax and other laws or regulations and the interpretation thereof. As a result of the foregoing, readers should not place undue reliance on the forward‐looking statements contained in this press release concerning the estimated production quantities, timing of the transaction, or other more specific risks and uncertainties facing ICL, such as those set forth in the “Risk Factors” section of its Annual Report on Form 20-F filed on February 23, 2022, as such risk factors may be updated from time to time in its Current Reports on Form 6-K and other filings ICL makes with the U.S. Securities and Exchange Commission from time to time.
Forward-looking statements refer only to the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.
Investor Relations Contact
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VP, Global Investor Relations
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Press Contact
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Development Implementor Seeks Funding & Partnerships to Sustain 2021 Progress, from NGN 10.84 Billion/USD 26.48 Million in Additional External Investments Leverage to 10,526 New Jobs
ABUJA, Nigeria & WASHINGTON--(BUSINESS WIRE)--#EconomicDevelopment--With the theme of “Sustaining Solutions That Work,” Nigerian nonprofit and non-governmental organization (NGO) Foundation for Partnerships Initiatives in the Niger Delta (PIND) has issued their PIND 2021 Annual Report. PIND, which started off in 2010 by giving out grants to other implementers, has since evolved into a go-to resource, convener, and implementer of development programs and projects for other funders in the region. The NGO has accomplished this through robust programs focused on community-driven, research-backed needs: prosperity and peace through economic growth and peacebuilding.
“PIND’s work as a long-time, independent development resource in the Niger Delta has empowered the region’s communities, bestriding age, ability, education, gender, location, or status,” said PIND Executive Director Tunji Idowu. “Our programs deliver the financing, information, linkages, mindsets, skills, technologies, and tools that have proven to improve lives and livelihoods.”
The PIND 2021 Annual Report’s vivid “2021 Landscape” (see page 7) showcases the economic, political, security, and social factors in consideration in the reporting year—many still applicable today. Regionally, the Niger Delta is preparing for possible conflicts as Nigeria’s 2023 General Elections approach (at state and national levels) and the limitations of a changing funding environment. The report also highlights key outcomes in each program, project, initiative, and enabling area. These impacts are showcased through personal stories from the beneficiaries of PIND’s economic development and peacebuilding programs.
Key results from PIND’s 2021 reporting year include:
“As the landscape in which we work evolves and still presents challenges—such as funding opportunities being redirected out of the Niger Delta —it is even more apparent that multiple partners and stakeholders in all sectors must come together to address the needs of the region,” said PIND Board of Trustees Chairperson Rick Kennedy.
Read the PIND 2021 Annual Report at 2021Report.PINDfoundation.org.
About PIND
The Foundation for Partnership Initiatives in the Niger Delta (PIND) is a nonprofit organization that promotes peace and equitable economic growth in Nigeria’s Niger Delta region through multi-stakeholder partnerships. Our work is funded with the support of esteemed partners and collaborators, and we implement collaborative market-based, community-owned programs to mitigate conflicts and boost opportunities for local businesses. This ensures that economic progress occurs in a systemic, inclusive, and sustainable manner. Our vision is to foster a strong legacy of sustainable peace and development among communities in the Niger Delta. PIND’s US-based counterpart is NDPI (Niger Delta Partnership Initiative), a 501(c)(3) nonprofit. Learn more at PINDfoundation.org.
Chichi Nnoham-Onyejekwe, Foundation for Partnerships Initiatives in the Niger Delta (PIND)
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Abbie Elliott, Niger Delta Partnership Initiative (NDPI)
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--#CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), one of the world’s largest logistics platforms, announced today that it will issue its second quarter 2022 results after the market closes on Wednesday, July 27, 2022. The company will hold a conference call from 5:00 pm - 6:00 pm Eastern Time on the same day to discuss the quarterly results and answer live questions from the investment community.
Hosting the conference call will be Bob Biesterfeld, President and Chief Executive Officer; Arun Rajan, Chief Product Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers should dial +1-201-689-7817. An audio replay will be available at http://investor.chrobinson.com.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $28 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multi-modal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
CHRW-IR
Chuck Ives, Director of Investor Relations
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Second Quarter ended June 30, 2022 on July 28, 2022, before the market opens.
Genesis Energy, L.P.’s Second Quarter Earnings Conference Call will be held Thursday, July 28, 2022, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Dwayne Morley
Vice President – Investor Relations
(713) 860-2536
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to second quarter 2022 financial results on Thursday, August 4, 2022 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) that day to discuss second quarter results.
A listen-only webcast of the call and accompanying slide presentation will be available on the Company’s website at www.cheniere.com. After completion of the webcast, a replay will be available on the Company’s website.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 million tonnes per annum of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Energy, Inc.
Investors
Randy Bhatia, 713-375-5479
Frances Smith, 713-375-5753
Media Relations
Eben Burnham-Snyder, 713-375-5764
Phil West, 713-375-5586
NEW YORK--(BUSINESS WIRE)--Carbon-Ion Energy, Inc. (Carbon-Ion or C-Ion), a leader in advanced research and development of next-generation power storage and delivery, today announced that it has launched an equity fundraising campaign under the Regulation D 506(c) exemption. The offering is only open to accredited investors here.
Carbon-Ion was founded to develop and bring to market the groundbreaking technology initially developed by ZapGo Ltd. With over 100 patents either issued or pending, Carbon-Ion Energy and its subsidiary Oxcion Ltd. will engage in the continuous expansion of its intellectual property portfolio, working towards a product that will be a key enabler of delivery and storage solutions. C-Ion’s products will offer sustainable power on demand from existing power grids to support the additional power needs from EVs, aviation, heavy transportation, warehouse robotics, as well as enhanced management of electrical grids themselves.
Andrew Sispoidis, Carbon-Ion’s CEO, notes, “With the climate crisis reaching critical levels from the American West to the Indian subcontinent and beyond, technologies that enable renewable energy sources to smooth natural sun and weather cycles via energy storage and power on demand are becoming increasingly necessary. With a Reg D 506(c) raise any accredited investor interested in a fossil fuel-free future can be part of this game-changing work. We are excited to build a product that can deliver much more robust power storage and delivery solutions required for a livable planet in the years ahead.”
Today, lithium- and cobalt-based batteries are in widespread use in our phones, laptops, cordless appliances, power tools, electric vehicles, and even electrical grids. However, these batteries are not a perfect solution as their base materials – lithium and cobalt – are increasingly challenging to source, difficult to recycle, and potentially flammable. Carbon-Ion is developing a new high-power storage device called Carbon-Ion or C-Ion. It is safer, faster charging, longer-lasting, does not use rare-earth materials, and is not harmful to the environment if damaged or discarded. On its own, C-Ion can provide these benefits in many products and applications. In addition, C-Ion can also improve the safety, lifetime, and performance of energy storage systems when used alongside Lithium-Ion batteries in a broad range of applications.
With respect to grid management, our product will be particularly useful for a variety of grid services. Specifically, those that require a very fast reaction time and sufficient power to stabilize the frequency, reactive power, and voltage of grid systems. Those kinds of grid management services will become increasingly important as green energy solutions come online and the dependence on fossil fuel generators is reduced.
In the critical power grid market, dynamic containment is one of a new suite of frequency response services that have been rolled out by the UK national grid in 2021. This represents an excellent example of how the move to renewable generation offers opportunities for fast-responding energy storage. Today, this dynamic containment market relies almost entirely on batteries. However, batteries simply cannot provide the amount of energy necessary in the short time required. Worse still, using batteries for this purpose reduces their usable life by 50% or more.
Significant loss of grid inertia has led to more frequency deviations and ‘brownouts’ than ever before. A range of technologies is needed to plug this gap as we move toward a grid that is fully supplied by sustainable, green energy production. Every country will require these kinds of grid support technologies as the world increases its demand for electricity, even more so for those countries that adopt a net-zero carbon footprint.
Carbon-Ion can perform several roles in grid management. It will enable better battery management and be important to other longer-term storage systems that will be needed as we move forward in the world energy transformation. It has unique qualities that allow it to perform very fast-responding power balancing which is important to control frequency and other grid management stabilization. It will absorb and release energy in short duration balancing, providing the amount of power required to keep the lights on and industry running. Its design is inherently stable and has a very long life without appreciable degradation over many charge-discharge cycles.
By upgrading the way we deliver power and energy to electric vehicles (EVs), C-Ion can help reduce the need for expensive grid reinforcement and deliver cheaper energy prices to the EV customer, much faster charging times, and better returns to the owners of charging stations. Costs can be reduced using a form of safe energy storage that smoothes out the energy needed to the hours that the local network can deliver, again without the need for expensive network reinforcement. Faster delivery of this energy and power to the EV allows more vehicles to use a single asset, therefore, giving the customer a quicker, cheaper service and the asset owner a better return.
A different form of the Carbon-Ion product could also be built into the vehicle's structure (structural energy storage), making for simpler and cheaper onboard energy storage than the complex lithium packs currently used. Carbon-Ion already has the IP necessary to create structural energy storage.
Carbon-Ion’s mission is about improving the performance and manufacturability of supercapacitors. This is achieved by using improved materials that allow for rapid assimilation and disbursement of energy, increasing energy density, and very long life spans. Carbon-Ion uses a combination of advanced carbons and ionic electrolytes. Non-flammable chemical solvents are used in the manufacturing of the electrolyte. This makes Carbon-Ion’s products very safe, non-volatile, and with improved sustainability.
Carbon-Ion will enable true power on demand. Carbon-Ion cells have unique properties that allow them to charge and discharge extremely quickly while still retaining meaningful energy storage, which enables the delivery of fast, clean power on demand. These unique Carbon-Ion cells can also deliver a powerful boost in hybrid systems, such as grid energy storage or electric aviation.
Currently, global energy systems are at the beginning of a transition to fully electric living, disrupting nearly every industry in the world. As a result, there is a critical need for better and more diverse energy storage so that industries can provide more impactful solutions to all consumers. Carbon-Ion can bridge this gap in a groundbreaking way by delivering fast, clean power on demand to a broad range of applications from infrastructure to individual products and from grid services to drones.
Carbon-Ion's speedy, reliable, and safe technology and unique material properties allow for a swift response time that adds value to the entire power system. Carbon-Ion cells have high cycle life and ramping capabilities. Furthermore, they can perform without noticeable performance degradation over hundreds of thousands charge-discharge cycles. This will create significant efficiencies in energy systems that will, in turn, save money, time, and resources.
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Forward-Looking Statements: Certain information set forth in this presentation, together with any supplements and any other information that may be furnished to prospective investors by the Company in connection therewith, contains “forward-looking statements” and “forward-looking information” within the meaning of applicable United States securities legislation (referred to herein as forward-looking statements). Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include but are not limited to statements related to activities, events, or developments that Carbon-Ion Energy, Inc expects or anticipates will or may occur in the future, statements related to the Company’s business strategy objectives and goals, and management’s assessment of future plans and operations which are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Forward-looking statements can often be identified by the use of words such as “may”, “will”, “could”, “would”, “anticipate”, ‘believe”, expect”, “intend”, “potential”, “estimate”, “budget”, “scheduled”, “plans”, “planned”, “forecasts”, “goals” and similar expressions or the negatives thereof. Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such information is provided, and forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements.
Media Contact:
Susan von Seggern, This email address is being protected from spambots. You need JavaScript enabled to view it., 213-840-0077
Investor Relations Contact:
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#EarningsCall--UGI Corporation (NYSE:UGI) will announce the results of its third fiscal quarter earnings after the market closes on August 3. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, August 4.
Interested parties may listen to the audio webcast both live and in replay on the Internet at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the company website https://www.ugicorp.com and clicking on “Investors” and then “Events and Presentations.”
About UGI
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
INVESTOR RELATIONS
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
Shelly Oates, ext. 3202
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its appointment of Donna J Kinzel to the Wallbox Board of Directors and named her as independent chair of its Audit Committee during its Annual general Meeting of Shareholders on June 22nd.
Ms. Kinzel is a financial executive with over 20 years of progressive experience in nonprofit and public company cash management, SOX compliance, and accounting and risk management. Prior to her current role, Donna served as Senior Vice President, Chief Financial Officer and Treasurer of Pepco Holdings, a leading U.S. utility provider. In this role, she oversaw the financial planning and analysis, operational finance, accounting, treasury and risk management functions for the company. Nowadays, Ms. Kinzel is the Chief Financial Officer of Ursuline Academy in Wilmington, Delaware. In her role, she is responsible for all aspects of Ursuline Academy’s financial and operating functions to ensure support of the school’s mission, core values, and strategic plan.
Ms. Kinzel was elected as the chair of Wallbox’s Audit Committee and brings with her an extensive history of accounting and finance with large, public organizations. Ms Kinzel’s expertise will help Wallbox adopt public company best practices as it continues to build out a world class corporate finance and accounting function.
“I’m thrilled to join Wallbox at such an exciting time in its journey to become the leading provider of EV charging and energy management solutions around the world,” said Ms. Kinzel. “The industry is clearly at an inflection point, and Wallbox is uniquely positioned to lead the way. I look forward to working with the talented team as they continue to implement finance and accounting best practices that will provide insight and efficiency to the company as it continues on its impressive growth trajectory.”
“The addition of Ms Kinzel to Wallbox’s Board of Directors and Audit Committee provides a unique perspective that will be strongly leveraged. Her experience running a large, public finance organization, paired with her understanding of how public utilities make decisions will help us as we navigate a complex industry,” said Enric Asunción, Co-Founder and Chief Executive Officer of Wallbox. “By attracting business leaders like Donna, Wallbox is building upon its commitment to strong governance and reporting policies that will serve shareholders well as we continue to scale up our business.”
About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 100 countries. Founded in 2015 and headquartered in Barcelona, the company now employs over 1,000 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.
Wallbox Public Relations Contact:
Elyce Behrsin
Public Relations
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Wallbox Investor Contact:
Matt Tractenberg
VP, Investor Relations
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+1 404-574-1504
Development program marks Romeo Power’s continued expansion into battery and electrification solutions for Industrial and Heavy Duty Off-Highway vehicles
LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that the Company is delivering commercial batteries to a leading integrator of Industrial/Off-Highway equipment and vehicles.
“We are thrilled to deliver our innovative battery packs to an established integrator of Industrial/Off-Highway products as it develops a new addition to its already robust portfolio. Romeo has been engaged with this customer from the earliest stages of their product development, allowing both companies to incorporate important learnings into future battery systems that will be optimized for this emerging sector,” said Romeo’s Chief Executive Officer Susan Brennan. “Our customer’s portfolio will provide an exciting opportunity to showcase Romeo’s leading technology, which offers the power and energy output, as well as the exceptional safety and shock and vibration characteristics, necessary for the electrification of Off-Highway equipment and vehicles used in these environments.”
Brennan added, “Romeo Power is driving the transition to a clean energy future by delivering advanced electrification solutions for the world’s most complex commercial vehicle applications. Our innovative battery products and solutions are a natural fit for the electrification of equipment and vehicles across a number of industries, including agriculture, construction, mining and forestry. This delivery further demonstrates how Romeo Power EV battery technology is driving value across a diverse array of heavy equipment and vehicle types as new industries and OEMs pursue electrification.”
Romeo first initiated work in the Industrial sector last year, shipping testing packs in 2021 and 2022 to its first Off-Highway customer, a global pioneer in innovative products for agriculture and construction. “Our initial pilot project in this space was with a prominent OEM. After compiling hundreds of hours of testing and data-driven results, we have a clear understanding of the needs and nuances of electrification for Off-Highway equipment and vehicles. From tractors and excavators to earth movers and harvesters, Romeo Power designs and builds highly configurable battery packs that power the industry forward,” Brennan said.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The Company’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, follow the Company on social media, @romeopowerinc or visit RomeoPower.com.
Forward-Looking Statements
Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, express or implied statements concerning Romeo Power’s ability to develop or sell new products, or to pursue customers in new product or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safe, effective, affordable and sustainable EV products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will adhere to contracted purchase commitments on the currently expected timeframe are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need for and ability to secure additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; demand for battery cells and supply shortages; the potential effects of COVID-19; and general economic and market conditions impacting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by our forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Source: Romeo Power Inc.
For Investors:
Joe Caminiti or Ashley Gruenberg
Alpha IR Group
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, is hosting its 2022 Investor Day today. The virtual event begins this morning at approximately 9:00 a.m. ET. The webcast can be accessed at https://event.on24.com/wcc/r/3815829/BDF38706A8E399AEE45E339A8CD026A2. Presentation materials and other related information will be posted to the website, and a webcast replay will also be accessible following the event.
During today’s Investor Day proceedings, Advent Technologies’ C-suite executives and senior leadership will discuss the Company’s most recent advancements with its fuel cell products and systems, hydrogen development projects, and, business activities in markets across the U.S., Europe and Asia.
Key areas that will be addressed include:
“The Advent team has made massive strides in the development, implementation and deployment of its hydrogen fuel systems across the globe in the last year,” said Dr. Vasilis Gregoriou, Chairman & CEO, Advent Technologies. “We are confident that today’s Investor Day presentation will give stakeholders a clear perspective on Advent’s vision for the future while positioning our Company as a commercial leader in the hydrogen and fuel cell economy that is consistently advancing innovation for renewable tech.”
Following the conclusion of the Investor Day presentations, Advent’s leadership team will open the floor to a Q&A session.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Elisabeth Maragoula
Advent Technologies Holdings, Inc.
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Mike Stolyar
Crenshaw Communications
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BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:EAF) (the “Company”) will hold its Second Quarter 2022 Earnings Conference Call and Webcast on Friday, August 5, 2022 at 10:00 a.m. (EDT). The call will be hosted by senior management to discuss financial results for the second quarter ended June 30, 2022 and current business initiatives. These financial results will be released on Friday, August 5, 2022 before market open and will be available on our investor relations website at: http://ir.graftech.com.
The conference call dial-in number is +1 (888) 886-7786 toll-free in North America or +1 (416) 764-8658 for overseas calls, conference ID: 91252740. Live audio of the conference call will be available via webcast on our website or can be accessed at: https://app.webinar.net/L7Mv3K7352k. Archived replays of the conference call and webcast will be made available on our investor relations website at: http://ir.graftech.com.
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, including three of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing. This unique position provides us with competitive advantages in product quality and cost.
Michael Dillon
216-676-2000
DUBLIN--(BUSINESS WIRE)--The "Global Renewable Methanol Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
As per the publisher's research report, the global renewable methanol market is expected to develop at a CAGR of 4.11% in revenue and 2.32% in volume over the forecast period of 2022-2028.
The studied market's growth is supported by factors such as the availability of renewable methanol and strict government rules and regulations to reduce greenhouse gas emissions.
Additionally, the substitution of production marine fuels with renewable methanol has influenced manufacturers such as MAN and Wartsila to continue their research on engine technology to support adoption of renewable methanol. Hence, this transition is expected to open new avenues for the global market.
On the contrary, the high installation cost and hazardous impacts of methanol on the human body negatively impact the renewable methanol market's development.
REGIONAL OUTLOOK
The global renewable methanol market covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Geographically, the Asia-Pacific dominates the renewable methanol market and is expected to continue its stronghold by 2028. The growth is credited to the increasing methanol adoption as fuel in the transportation sector. Also, key players in the market, such as Carbon Recycling International (CRI), significantly aid in the overall market's growth. For example, CRI's largest emissions-to-liquids (ETL) reactor system is the key piece of equipment needed to hydrogenate CO2 for methanol formation.
Additionally, leading suppliers are collaborating to promote renewable methanol production. In this regard, companies such as Geely Holdings and Zixin Industrial Co are establishing production plants in China, strengthening its demand. Hence, these factors play a crucial role in boosting the overall market's growth.
Key Topics Covered:
1. Global Renewable Methanol Market - Summary
2. Industry Outlook
2.1. Impact of Covid-19 on the Renewable Methanol Market
2.2. Key Insights
2.2.1. Substitution of Production Marine Fuels With Renewable Methanol
2.3. Porter's Five Forces Analysis
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Regulatory Framework
2.7. Key Market Strategies
2.8. Market Drivers
2.8.1. Availability of Renewable Methanol
2.8.2. Stringent Government Rules and Regulation
2.9. Market Challenges
2.9.1. Health Concerns
2.9.2. High Installation Cost
2.10. Market Opportunities
2.10.1. Shifting Trend Toward Sustainable Energy Source
3. Global Renewable Methanol Market Outlook - by Application
3.1. Formaldehyde
3.2. Dme & Mtbe
3.3. Gasoline
3.4. Solvents
3.5. Other Applications
4. Global Renewable Methanol Market Outlook - by Feedstock
4.1. Agricultural Waste
4.2. Forestry Residues
4.3. Municipal Solid Waste
4.4. Co2 Emissions
4.5. Other Feedstocks
5. Global Renewable Methanol Market Outlook - by End-User
5.1. Chemical
5.2. Transportation
5.3. Power Generation
5.4. Other End-Users
6. Global Renewable Methanol Market - Regional Outlook
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ldvxet
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For GMT Office Hours Call +353-1-416-8900
DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Thursday, August 4, 2022, at 10:00 a.m. Eastern to review the company’s Fiscal 2022 third quarter financial results. Atmos Energy will release these results on Wednesday, August 3, 2022, following the market close.
To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for thirty days.
Conference Call Details
August 4, 2022
10:00 a.m. Eastern / 9:00 a.m. Central
Toll-free: 877-407-3088
International: 201-389-0927
(No pass code)
Internet webcast: www.atmosenergy.com
Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Analyst and Media Contact:
Dan Meziere
(972) 855-3729
HOUSTON--(BUSINESS WIRE)--Manchester Energy, LLC (“Manchester”) announced today that it has partnered with EnCap Flatrock Midstream (“EnCap Flatrock”) to develop a large scale, diversified midstream business.
Manchester is led by Chief Executive Officer Khalid Muslih and four other founding members including Forrest Wylie, Lee Jacobe, Will Byers, and Jenny Gregory. The leadership team consists of long-tenured energy executives with a strong track record of value creation through building best-in-class organizations and business platforms. Manchester is focused on developing a midstream platform that provides safe, reliable, and compliant fuels and feedstocks to its customers, while advancing energy evolution initiatives to meet the dynamic demands of its customer base.
The company is well positioned to transform existing businesses given the significant combined experience of the Manchester founders in leading and growing both domestic and international business enterprises across the energy value chain. More detail on the founders and Manchester can be found on the website www.manchesterenergy.com.
Manchester CEO Perspective
“We are excited to partner with EnCap Flatrock, who shares our belief in the critical role that North American midstream infrastructure plays in safely fulfilling consumer demand,” said Manchester Chief Executive Officer Khalid Muslih. “We are currently experiencing significant disconnects between reliable supplies and critical end-use brought on by under-investment in the conventional energy sector, combined with the ongoing energy evolution. The Manchester team has managed energy businesses through a variety of cycles, investor sentiments and regulatory landscapes and is well positioned to transform conventional platforms to thrive over the long-term. With our team’s combined experience, we are well positioned to build a large scale, diversified energy platform to serve the changing needs of our customers and stakeholders in a responsible manner and to help address the supply-demand disconnects.”
From EnCap Flatrock
“We are delighted to welcome the Manchester team to the EnCap Flatrock family,” said EnCap Flatrock Midstream Managing Director Zach Kayem. “The Manchester team has deep experience in a variety of sub-segments of our industry and an impressive and proven track record of transforming large scale energy businesses to generate outsized returns for their investors. More importantly, Khalid, Forrest, Lee, Will and Jenny are outstanding business professionals with exceptional reputations within the energy community. They are exactly the team we want to partner with as we navigate the changing energy landscape. We look forward to investing our capital behind the Manchester team as it pursues its growth strategy.”
Advisors
Simpson Thacher & Bartlett LLP, led by partner Shamus Crosby, served as legal counsel to Manchester; and Latham & Watkins LLP, led by partner James Garrett, served as legal counsel to EnCap Flatrock.
About Manchester Energy:
Manchester Energy, LLC is an energy-focused private entity formed to acquire, integrate, and build a large scale, diversified energy platform. The company is led by a seasoned team of energy industry executives with extensive experience across the energy value chain. Manchester is sponsored by EnCap Flatrock Midstream and its affiliates. For more information, visit www.manchesterenergy.com.
About EnCap Flatrock Midstream:
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit www.efmidstream.com.
Meggan Morrison
Redbird Communications Group
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972-639-8715
OAKLAND, Calif.--(BUSINESS WIRE)--The Gold Shovel Association (GSA) recently announced the addition of Joe Forline, Senior Vice President, Gas Operations at Pacific Gas and Electric Company (PG&E), to its Board of Directors. GSA is a nationally recognized organization committed to improving public and workforce safety by focusing on the protection of underground infrastructure.
“There is absolutely nothing more important to me than safety. One of the key areas of focus for customer and contractor safety is around excavation and safe digging practices. I am honored to represent PG&E on the Board of Directors for the Gold Shovel Association. It is an opportunity to collaborate with industry colleagues on raising awareness around the Gold Shovel Standard and identifying new ways to promote safety,” said Joe Forline.
The Gold Shovel Standard is a leading safety program across North America, with a growing membership that includes some of the largest telecom companies, gas and electric utilities, pipeline operators and municipalities.
With over 35 years of utility industry experience, Forline will serve as the PG&E representative on the GSA Board. PG&E has established itself as a leader in pipeline damage prevention. In 2021, PG&E achieved top decile industry performance in damage prevention by reducing gas dig-ins and raising public and contractor awareness of safe digging practices.
“We are very pleased to welcome Joe to the Gold Shovel Association Board of Directors. Joe's deep experience in the gas industry and his commitment to improving damage prevention programs will benefit GSA and its member companies," said Josh Hinrichs, GSA board chair and president of UtiliSource LLC.
Forline oversees the daily operations of PG&E’s gas transmission and distribution systems, including all maintenance, leak management, field services, storage operations, compression, emergency dispatch and response, damage prevention and corrosion operation to help ensure the integrity and safety of PG&E’s gas system.
Prior to joining PG&E in 2021, Forline served as Vice President of Gas Operations for Public Service Enterprise Group Inc. (PSEG), New Jersey's largest provider of electric and natural gas service.
About Gold Shovel Association
Gold Shovel Association (GSA) is committed to improving workforce and public safety and the integrity of vital buried infrastructure. With its Gold Shovel Standard (GSS), it believes that greater transparency in all aspects of damage prevention among buried-asset owner/operators, excavators, locators and contractors is essential to drive continuous improvement, and vital to ensure increasingly safe working conditions and communities. Learn more about Gold Shovel Standard at goldshovelstandard.org.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc. (NYSE:AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced that it will release its second quarter 2022 financial results after the close of the market on Monday, August 1, 2022. The earnings press release will be available on the “Investor Relations” section of the Company’s website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. ET the same day.
In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the “Investor Relations” section of the Company's website.
Participants may access the earnings conference call by pre-registering here at least fifteen minutes in advance. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent clean technology integrator of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media Relations
Leila Dillon, 508.661.2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
Eric Prouty, Advisiry Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lynn Morgen, Advisiry Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its second quarter 2022 earnings conference call for Thursday, August 4, 2022, at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended June 30, 2022, which are expected to be released prior to the conference call.
Participants may join the live conference call by dialing U.S. (Toll Free): (888) 437-3179 or International: (404) 267-0369 and asking for the “Nine Energy Service Earnings Call”. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.
For those who cannot listen to the live call, a telephonic replay of the call will be available through August 18, 2022 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and enter passcode 13731485.
About Nine Energy Service
Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.
For more information on the Company, please visit Nine’s website at nineenergyservice.com.
Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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WASHINGTON--(BUSINESS WIRE)--Nodal Exchange today announced new trading records in power and environmental futures as of end of June 2022. Nodal achieved record half year power volume for the first half of 2022 with 1.489 billion MWh traded, up 39% from H1 2021. Nodal also set a new calendar month record for June with 175.3 million MWh of traded power futures volume in the month. The majority of U.S. power futures open interest is on Nodal Exchange with 1.183 billion MWh representing $154 Billion of notional value based on both sides as of the end of June 2022.
Nodal also posted strong growth in volumes and open interest in the environmental market suite of products in June. Total June volume for Nodal environmental products was 20,669 lots, up 26% from 16,376 lots a year earlier. Total volume in Q2 2022 was 72,205 lots, up 49% from 48,578 lots in Q2 2021. And in H1 2022, volume totaled 136,435 lots, up 28% from 106,643 lots for the same period a year earlier. Nodal environmental open interest at the end of June 2022 was 203,669 contracts, up 53% from 133,271 a year earlier.
Some key environmental sectors showed notable open interest gains in June, including:
Nodal Exchange, in collaboration with IncubEx, launched several new environmental contracts in June, including:
In June, the VER Nature Based Offset futures and the California Product Content Category 3 REC futures traded on Nodal Exchange for the first time. This new environmental product launch is part of Nodal’s continued commitment to a sustainable future.
“Nodal Exchange is proud to serve these markets, and we are very pleased to see them continue to grow," said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. “As the year progresses, we look forward to continuing to develop and offer innovative products that meet the evolving needs of our markets.”
ABOUT NODAL
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Nodal
Nicole Ricard
Nodal Exchange Public Relations
P: 703-962-9816
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More than 1,500 Customers Already Enrolled in Home Battery-Based Virtual Power Plant
Cash Incentives Offered for Participating Customers
Enrollment is Ongoing through October
OAKLAND, Calif.--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) and Tesla Inc. have launched a new pilot program that creates a virtual power plant, to help support electric grid reliability and save customers money.
On June 22, Tesla invited approximately 25,000 PG&E customers with Powerwalls to join the VPP and help form the world’s largest distributed battery. In the first two weeks of the new program, more than 3,000 customers have expressed interest in enrolling, with more than 1,500 customers officially in the program.
Through this collaboration, Tesla is participating in PG&E’s Emergency Load Reduction Program (ELRP) pilot by enrolling and combining residential Powerwall home battery systems into a virtual power plant to discharge power back to the grid in California during times of high electricity demand. Participating customers will receive compensation for the energy their Powerwalls discharge.
“VPPs are a valuable resource for supporting grid reliability and an essential part of California’s clean energy future. Our customers’ home batteries offer a unique resource that can positively contribute to our state’s electric grid and will become more significant as our customers continue to adopt clean energy technology. In collaborating with Tesla, we are further integrating behind-the-meter battery-based VPPs on the largest scale yet, helping to make customer resiliency technologies more accessible and continuing a long tradition at PG&E of actively integrating VPP resources into our energy supply portfolio,” said PG&E’s Aaron August, vice president, Business Development & Customer Engagement.
This venture aims to accelerate the growing trend of customers adopting distributed energy resource technologies—which can both support customer energy needs and contribute to the reliability of the grid—by expanding access to new customer program offerings and participation opportunities.
“Enabling Powerwall customers to support the grid and their community is a necessary and important part of accelerating the transition to sustainable energy. We seek to partner with utilities and regulators everywhere to unlock the full potential of storage to bring more renewable, resilient, and less costly electricity to everyone,” said Tesla’s Drew Baglino, senior vice president of Powertrain and Energy Engineering.
If all eligible customers throughout PG&E’s Northern and Central California service area participate in the VPP, the available megawatts would be equivalent to the energy generated by a small power plant.
How the PG&E Tesla VPP Works
PG&E will call load management events for participating customers, directing their battery to discharge when there is high demand for electricity from 4 to 9 p.m. (May through October).
Participating customers receive $2 for every incremental kilowatt-hour of electricity their Powerwall discharges during an event. Through their Tesla app, customers can set their backup power needs to ensure they still have enough energy for their personal, essential needs in the event of an outage, or they can opt-out of an event completely in the app, as necessary.
PG&E residential customers are eligible if they own a Tesla Powerwall, have an interconnection agreement with PG&E, and are not enrolled in other demand response programs.
Eligible customers can use their Tesla mobile app to sign up for the PG&E Tesla VPP or learn more here.
About Virtual Power Plants
VPP resources are in customers’ homes or at their businesses (“behind-the-meter”) in the form of, but not limited to, smart thermostats, smart appliances, electric vehicles, and batteries. These resources are a flexible electric load that can be dispatched by the California Independent State Operator (CAISO), by PG&E, or by a third party.
In 2021 PG&E had approximately 150 MW of VPPs making up its energy supply portfolio (as dispatchable demand response), some of which comes from pilots including the Emergency Load Reduction Program.
Other PG&E VPP service offerings include the CAISO market integrated Capacity Bidding Program for aggregators and the Smart AC program.
About the Emergency Load Reduction Program
The ELRP is a 5-year pilot program beginning in 2021 designed to pay electricity consumers for reducing electricity consumption or increasing electricity supply during periods of electrical grid emergencies.
The purpose of the ELRP pilot is to offer a new tool for the electric grid operators and utilities for reducing energy consumption during a grid emergency to reduce the risk of electricity outages when the available electricity supply is not sufficient to satisfy the anticipated electricity demand.
The ELRP is managed by the State’s three large investor-owned utilities (IOUs) – PG&E, San Diego Gas & Electric, and Southern California Edison.
The ELRP is called upon during an emergency, or impending emergency, grid situation issued by the CAISO.
Learn more about PG&E’s residential demand response and energy incentive programs here.
For more information about PG&E’s ELRP and other business energy incentive programs, visit www.pge.com/demandresponse
About PG&E
PG&E, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the second quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis.
The quarterly distribution will be paid Friday, August 12, 2022, to common unitholders of record as of the close of business Friday, July 29, 2022. This distribution represents a 5.6 percent increase over the distribution declared with regard to the second quarter of 2021.
This distribution increase is the partnership’s 74th distribution increase since its initial public offering in 1998. This year will be the 24th consecutive year of distribution growth. During the second quarter of 2022, Enterprise repurchased $35 million of its common units in the open market. Inclusive of these purchases, the partnership has utilized 26 percent of its authorized $2.0 billion buyback program.
Enterprise will announce its earnings for the second quarter of 2022 on Wednesday, August 3, 2022, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CDT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available for one week following the conference call and may be accessed approximately one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations, (713) 381-3635
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