NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant⁽¹⁾ integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization project.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

The revitalization project will tie in an additional lightweight six-slot integrated template structures (ITS). The two existing templates in the Maria field are part of TechnipFMC’s installed base and began production in 2017.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This iEPCI™ award is built on our ability to leverage our integrated front end engineering and design (iFEED™) model. Through early engagement, we optimized the field layout and maximized the benefits of integrated project execution. Our involvement helped reduce the carbon footprint of the revitalization project by modifying existing infrastructure, eliminating the need for an additional 4,000 meters of pipe.”

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “expect,” “believe,” “estimated,” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

LONDON--(BUSINESS WIRE)--$DMLOCO #SPEEDProject--LocoSoco Group Plc (“LocoSoco”, “LOCO”), the platform that creates shared wealth from distributing products & technologies that contribute to sustainability and is listed on the Direct Market segment of the Vienna MTF, is pleased to announce two new appointments to the their advisory board, Georgie Delaney, MBE, Founder of The Great Outdoor Gym Company and Edd Moore, the Multi-Award Winning Eco-School Teacher.

LocoSoco is listed on the Direct Market segment of the Vienna MTF. For quotes and trading data, link here: https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BD5BTL23&ID_NOTATION=246035708&cHash=96818d4943bd602c7947d54b3503cb6f

Georgie Delaney MBE, Founder of The Great Outdoor Gym Company (“TGO”) and TGO Activate

Having built a company around community health and wellbeing, TGO has built and installed a network of Outdoor Gyms Globally in more than 2,000 communities. Recently receiving an MBE from Her Majesty, Queen Elizabeth for services to International Trade and Export, Georgie is a pioneer in creating healthy communities. During the pandemic, working with TGO, LocoSoco delivered Eco-Sanitiser solutions into 19 councils helping to reopen over 500 parks. LocoSoco and TGO are working on further collaborations to bring sustainable sustenance into the heart of communities across the UK.

Edd Moore, Multi-Award Winning Eco-School Teacher

Edd Moore has been at the forefront of education around environment and sustainability for almost a decade and has helped the school he has worked for win multiple national awards and teach the future generations about sustainability - creating courses and initiatives that are shaping not only his students' futures but that of the schools he works with. Over the past 2 years Edd Moore has been providing oversight to LocoSoco initiatives and will be a valuable addition to their SPEED project with Social Enterprise International and with making the LocoSoco MyEco.Site offering teacher, student and school ready.

LocoSoco CEO James Perry commented, “Having worked with both Georgie and Edd over the past couple of years, it is now time to welcome these amazing people into our team as advisory board members. Their values are so closely aligned to those of LocoSoco’s. Together with our teams we will be developing further projects to expedite our shared ambitions of creating healthy, economically and environmentally sustainable communities.”

About LocoSoco

LocoSoco delivers products and technologies that contribute to economic and environmental sustainability, working within sectors including retail, education, hospitality, corporate and government organisations.

Enquiries:

LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 154 9300
This email address is being protected from spambots. You need JavaScript enabled to view it.

Novus Communications
Alan Green
+44 (0)207 448 9839

Keswick Global AG - Capital Market Coach
Tim Curle, Klaus Schwerdtfeger
+43(1)740 408045

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL” or the “Company”) today announced the appointment of two new members to TPL’s board of directors (the “Board”) and provided an update on the evaluation of the declassification of the Board.

Appointment of new Directors to the Board

The Board has appointed Rhys J. Best and Karl F. Kurz as directors, effective April 15, 2022. In connection with these appointments, the Board increased its size to ten (10) directors. Each of Mr. Kurz, who will serve the remainder of the board term vacated by Dana McGinnis in March, and Mr. Best, who will stand for re-election at the 2022 annual meeting of stockholders, each will bring decades of corporate leadership and industry experience and further advance oversight of TPL’s unique assets and business. “Karl and Rhys have a long history of enhancing the operating and financial performance of major public companies, applying their insight, knowledge, and dedication for the benefit of stakeholders,” said Dave Barry, a Co-Chair of the Board. “We’re excited to welcome them to the Board, and I know that our customers, employees, and stockholders will benefit from their leadership and expertise.”

General Donald Cook, Chair of the Board’s Nominating and Corporate Governance Committee, explained, “Our Nominating and Corporate Governance Committee undertook an extensive process of identifying, vetting, and evaluating director candidates, including candidates recommended by Board members and an independent search firm. The Committee unanimously recommended that the Board consider Karl and Rhys to the Board. As proven and effective leaders, Karl and Rhys have a history of managing large organizations within competitive industries and achieving successful outcomes.”

Mr. Kurz is an accomplished senior oil and gas industry executive and private equity investor with over 35 years of energy and infrastructure industry experience. He spent nine years at Anadarko Petroleum Corporation, where he held executive roles as Chief Operating Officer and Senior Vice President of Northern America Operations, Midstream and Marketing, and is currently a non-executive Chairman of the board at American Water Works Co., Inc. (NYSE: AWK). Mr. Kurz also has extensive private equity experience that includes serving as a senior investment executive at Ares Capital and CCMP Capital Advisors, where he focused on investments in the oil and gas upstream and midstream sectors.

Mr. Best is a highly regarded board member and governance expert built upon nearly thirty years of experience as a corporate executive at major corporations. He is the former Chairman and Chief Executive Officer of Lone Star Technologies, Inc., from which he retired after the successful merger with United States Steel Company (NYSE: X). He has extensive corporate leadership and governance experience through participation on numerous boards of directors of major public companies. Notably, Mr. Best served as a director at Cabot Oil and Gas Corp. from 2008 to 2021, his term ending after the company merged with Cimarex Energy in 2021 to form Coterra Energy (NYSE: CTRA).

“Karl and Rhys have successful records of growing companies with a value-creation mindset,” said Murray Stahl, a member of the Nominating and Corporate Governance Committee and, through his firm Horizon Kinetics LLC, TPL’s largest shareholder. “Their knowledge and experience will help TPL leverage its one-of-a-kind royalty and surface position in the Permian to extract maximum value from current business lines and future opportunities. Further, adding both Karl and Rhys to the Board will result in having five independent directors distinct from the legacy trust structure, further modernizing and strengthening governance for the benefit of our stockholders.”

“TPL will benefit from the seasoned stewardship Karl and Rhys bring to the Company,” said Eric Oliver, a member of the Board and, through his firm SoftVest, L.P., one of the Company’s largest shareholders. “I look forward to collaborating with Karl and Rhys in the boardroom as we work to maintain TPL’s strong business momentum and enhance shareholder value from a truly unique collection of assets. Karl’s experience in senior leadership roles at major public energy and water companies and Rhys’ extensive governance and ESG experience will both be highly valuable to TPL.”

“Having been deeply involved in the Permian Basin through prior experience and interacting with TPL as a customer and competitor, I’ve long admired and respected the business TPL has built,” said Karl Kurz. “It’s an honor to join TPL’s board of directors and to be part of the oversight of a Company with a long record of success and the ambition to extract value from its unique asset base.”

“As a former executive and director of numerous public companies, I’ve been impressed with how TPL has evolved from a small, passively managed trust into a large public C-corporation,” said Rhys Best. “I am pleased to be a part of TPL and its storied history. The Company is already a leader amongst its peers, and I look forward to helping TPL sustain its positive trajectory and achieve its goal of maximizing shareholder value.”

Update on the evaluation of declassification of the Board

The Company also announced that the Nominating and Corporate Governance Committee is in the process of evaluating the possible declassification of the Board and has retained Delaware counsel to assist in the evaluation. This process includes a detailed review of the procedures required to declassify the Board in accordance with rules and guidance from the Securities and Exchange Commission and Delaware law, as well as the Company’s governance documents and any contractual obligations. The Nominating and Corporate Governance Committee expects to make a recommendation to the full Board in time for a proposal, if any, to be included in proxy materials for the Company’s 2022 annual meeting of stockholders. If recommended, the declassification of the Board would require the affirmative vote of a majority of TPL’s directors and approval of the holders of a majority of our outstanding common stock.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation (NYSE: TPL) is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL at http://www.TexasPacific.com.

Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

Librestream’s Onsight solution, the leading augmented reality platform, set to support ReNew Power’s sustainability and clean energy efforts in India

RALEIGH, N.C. & WINNIPEG, Manitoba--(BUSINESS WIRE)--Librestream, the #1-rated remote technology platform for the industrial deskless workforce, today announced it has added ReNew Power (“ReNew”), the leading renewable energy company in India to its customer base. The addition further shines a light on the critical role remote technology plays in helping companies reach corporate sustainability goals.

Energy initiatives have become global in nature, transcending industry and market boundaries. In fact, when it comes to corporations, by 2025 Gartner® expects 50 percent of the world’s 500 largest technology and service providers will use a demonstrated commitment to net-zero emissions as a supplier selection criterion – up from 3% today.

Librestream’s Onsight platform offers capabilities for holistic remote collaboration between workers, contractors, and subject matter experts (SMEs), enabling organizations to reduce unnecessary travel to locations when an issue can be resolved remotely. In turn, it helps decrease their carbon footprint, in addition to enhancing productivity through just-in-time learning and training, and furthering safety for deskless workers.

On the heels of India announcing targets to achieve 500 gigawatts of non-fossil fuel electricity capacity and derive 50 percent of energy from renewable resources by 2030, ReNew Power is taking major steps in its commitment to lead India’s transition away from fossil fuels and meeting the rising demand for energy in a sustainable manner by delivering cleaner and smarter energy choices. The company identified Librestream products and services to support the enhancement of their wind and solar operations as they address the challenge of low network connectivity, limited availability of specialized workers, and will help achieve seamless connectivity between remote experts and field technicians while maintaining hands-free operation.

“We are excited to work with ReNew Power and help them achieve their long-term sustainability efforts and goals,” said Mike Murphy, VP of Global Markets at Librestream. “Today, organizations are increasingly adopting AR solutions to meet their renewable energy goals and overcome the challenges associated with achieving them. At Librestream, we are committed to helping drive operational efficiencies, workforce resiliency, safety, and enhance onboarding and training to ensure deskless workers can operate at the highest level.”

ReNew currently has operational projects spread over 100 sites within 9 states across India and continues to expand. Librestream will enable the power giant to drive increased sustainability results by leveraging AR and remote video collaboration services.

To get a customized estimate of the carbon savings you can achieve with Librestream’s technology, access the ROI calculator here.

*Gartner research attribution: Gartner, Tech Providers 2025: Competing in the Age of Climate Change and Radical Decarbonization, Refreshed 16 February 2022, Published 19 October 2020, By Annette Zimmermann, Aapo Markkanen. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About Librestream

Librestream transforms workforces through advanced AR and AI solutions that scale knowledge across businesses to enhance safety, efficiency, and resiliency. With the Onsight augmented reality knowledge platform, Librestream helps workers and distributed teams gain immediate access to the content, people, relevant data, and guidance needed to solve business challenges. Librestream's global Forbes 2000 customer base includes energy, manufacturing, service, aerospace, and defense enterprises with aggregate annual revenues totaling $3.2T. The company has been honored with recognition, including ranking as the #1 AR remote assistance solution provider by independent research firm, Verdantix, named an IDC Innovator, and winner of the Field Service WBR Innovation Award. Visit Librestream at www.librestream.com and connect with us on LinkedIn, Facebook, & Twitter.

Librestream press kit here.

About ReNew Power

ReNew Power is one of the largest renewable energy Independent Power Producers (IPPs) in India and globally. ReNew develops, builds, owns, and operates utility-scale wind and solar energy projects, hydro projects and distributed solar energy projects. As of March 31, 2022, ReNew had a total capacity of approximately 10.3 GW of renewable energy projects across India including commissioned and committed projects. For more information, please visit: www.renewpower.in; Follow ReNew Power on Twitter @ReNew_Power.

10Fold for Librestream:
This email address is being protected from spambots. You need JavaScript enabled to view it.

Raju Chouthai, Librestream India:
This email address is being protected from spambots. You need JavaScript enabled to view it.

Sarah Ekenberg, Director, PR & Communications, Librestream:
This email address is being protected from spambots. You need JavaScript enabled to view it.

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--Regulatory News:

TechnipFMC (NYSE: FTI) has been awarded a significant⁽¹⁾ integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization project.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

The revitalization project will tie in an additional lightweight six-slot integrated template structures (ITS). The two existing templates in the Maria field are part of TechnipFMC’s installed base and began production in 2017.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This iEPCI™ award is built on our ability to leverage our integrated front end engineering and design (iFEED™) model. Through early engagement, we optimized the field layout and maximized the benefits of integrated project execution. Our involvement helped reduce the carbon footprint of the revitalization project by modifying existing infrastructure, eliminating the need for an additional 4,000 meters of pipe.”

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “expect,” “believe,” “estimated,” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Category: UK regulatory

Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN, Ireland--(BUSINESS WIRE)--Power management company Eaton (NYSE:ETN) will announce first quarter 2022 earnings on Tuesday, May 3, 2022, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss first quarter 2022 earnings results with securities analysts and institutional investors.

The conference call will be available through a live webcast that can be accessed via the Eaton First Quarter 2022 Earnings Results link on Eaton’s home page, which is www.eaton.com. The call replay and news release will also be available at the same link.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.

Jennifer Tolhurst, Media Relations, +1 (440) 523-4006
Yan Jin, Investor Relations, +1 (440) 523-7558

Two Agreements for Deepwater and Shallow Water OBX Rentals Comes on the Heels of the Company’s Previously Announced $10 Million Sales Contract

HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) today announced two contracts together valued at over $7M for the rental of OBX ocean bottom nodes for both deepwater and shallow water marine seismic surveys.

“These rental agreements come strongly on the heels of our previously announced OBX sales contract to an international seismic provider for $10 million, and is yet another sign of increased activity in the offshore oil markets,” said Walter R. Wheeler, President and CEO, Geospace Technologies. “Our company pioneered wireless and cable-free seismic data acquisition systems for commercial subsea exploration. Our versatile ocean bottom node product line continues to provide high-quality data at varied water depths which allow critical exploration decisions to be reliably made.”

The first of the two contracts is with an international marine geophysical services provider who will rent approximately 7,500 OBX-750E seabed ocean bottom wireless seismic data acquisition nodes. These nodes are designed to operate at a maximum depth of 750 meters and are used primarily for shallow offshore waters and transition zones, which include estuaries, marsh wetlands, and freshwater environments, such as rivers and lakes.

The second contract is with another international marine geophysical service provider who will rent 1,900 OBX2-90 and OBX2-125 nodes to conduct a seismic survey in the North Sea, which is scheduled to start in the second calendar quarter of 2022. The Geospace OBX2-90 and OBX2-125 will be used in combination with towed streamers for highly reliable subsurface seismic imaging.

About Geospace Technologies

Geospace principally designs and manufactures seismic instruments and equipment. The company markets seismic products to the oil and gas industry to locate, characterize and monitor hydrocarbon-producing reservoirs. The company also markets seismic products to other industries for vibration monitoring, border and perimeter security and various geotechnical applications. Geospace designs and manufactures other products of a non-seismic nature, including water meter products, imaging equipment and offshore cables.

Caroline Kempf, This email address is being protected from spambots. You need JavaScript enabled to view it., 321.341.9305

• Reported net income of $0.29 per diluted share
• Adjusted net income of $0.35 per diluted share

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today net income of $263 million, or $0.29 per diluted share, for the first quarter of 2022. This compares to net income for the first quarter of 2021 of $170 million, or $0.19 per diluted share. Adjusted net income for the first quarter of 2022, excluding impairments and other charges and a loss on the early extinguishment of debt, was $314 million, or $0.35 per diluted share. Halliburton’s total revenue for the first quarter of 2022 was $4.3 billion compared to revenue of $3.5 billion in the first quarter of 2021. Reported operating income was $511 million in the first quarter of 2022 compared to reported operating income of $370 million in the first quarter of 2021. Excluding impairments and other charges, adjusted operating income was $533 million in the first quarter of 2022.

“I am pleased with Halliburton’s first quarter results. Our performance demonstrated the resilience of our unique strategy in action and the importance of our competitive positioning both in North America and international markets.

“Total company revenue increased 24% and adjusted operating income grew 44% compared to the first quarter of 2021. Both of our divisions delivered strong margin performance despite weather and supply chain disruptions, with Drilling and Evaluation margin eclipsing 15% in the first quarter for the first time since 2010.

“We see significant tightness across the entire oil and gas value chain in North America. Supportive commodity prices and strengthening customer demand against an almost sold-out equipment market are expected to drive expansion in Completion and Production division margins.

“I expect our strong international business to increase throughout the remainder of the year. First quarter revenue growth in all our international regions together with North America demonstrates that this multi-year upcycle is well underway.

“I’m excited about the accelerating pace of global activity, pricing improvement, and Halliburton’s strong outlook. With our unique value proposition, clearly defined strategic priorities, leading technology portfolio, and global market presence, I expect Halliburton will deliver profitable growth, strong free cash flow and industry-leading returns,” concluded Miller.

Operating Segments

Completion and Production

Completion and Production revenue in the first quarter of 2022 was $2.4 billion, an increase of $483 million, or 26%, when compared to the first quarter of 2021, while operating income was $296 million, an increase of $44 million, or 17%. These results were driven by increased pressure pumping services and artificial lift activity in the Western Hemisphere, higher completion tool sales throughout the Western Hemisphere and the Middle East, increased cementing activity in Africa and Middle East/Asia, and improved well intervention services in North America land and the Eastern Hemisphere. These improvements were partially offset by lower activity across multiple product service lines in Europe and lower completion tool sales throughout Asia.

Drilling and Evaluation

Drilling and Evaluation revenue in the first quarter of 2022 was $1.9 billion, an increase of $350 million, or 22%, when compared to the first quarter of 2021, while operating income was $294 million, an increase of $123 million, or 72%. These results were due to increased drilling-related services globally, improved wireline activity in North America land, Latin America, and the Middle East, increased testing services internationally, and higher project management activity in Latin America, India, and Oman. Partially offsetting these increases were lower project management activity in Iraq, as well as lower fluid services in the Caribbean, Brunei, and Mozambique.

Geographic Regions

North America

North America revenue in the first quarter of 2022 was $1.9 billion, a 37% increase when compared to the first quarter of 2021. This increase was primarily driven by increased pressure pumping activity and drilling-related services in North America land, higher stimulation, artificial lift, and drilling-related activity in Canada, and higher completion tool sales in the Gulf of Mexico. These increases were partially offset by reduced fluid services in the Gulf of Mexico.

International

International revenue in the first quarter of 2022 was $2.4 billion, a 15% increase when compared to the first quarter of 2021. This improvement was primarily driven by increased activity across multiple product service lines in Brazil, Argentina, Mexico, and Egypt, increased drilling-related activity in Europe/Africa/CIS and Latin America, improved well construction services in the Middle East, Colombia, and West Africa, increased testing services in all regions, and higher completion tool sales throughout the Middle East and Latin America. Partially offsetting these increases were reduced activity across multiple product service lines in the United Kingdom and lower completion tool sales in Norway and throughout Asia.

Latin America revenue in the first quarter of 2022 was $653 million, a 22% increase year over year due to improved activity across multiple product service lines in Brazil, Argentina, and Mexico, increased well construction services in Colombia, higher completion tool sales in Guyana, improved project management activity in Ecuador and Colombia, increased testing services and wireline activity across the region, and increased artificial lift activity in Ecuador. Partially offsetting these increases were reduced fluid services in the Caribbean and lower project management and stimulation activity in Mexico.

Europe/Africa/CIS revenue in the first quarter of 2022 was $677 million, a 7% increase year over year. This improvement was primarily driven by higher activity across multiple product service lines in Egypt, increased drilling-related activity in Azerbaijan, increased well intervention and testing services across the region, improved well construction services in West Africa, and higher completion tool sales and cementing activity in Angola. These increases were partially offset by reduced activity across multiple product service lines in the United Kingdom, reduced well construction services and completion tool sales in Norway, and decreased fluid services in Mozambique.

Middle East/Asia revenue in the first quarter of 2022 was $1.0 billion, a 17% increase year over year, primarily resulting from improved well construction services in Saudi Arabia and Oman, increased wireline activity and completion tool sales in the Middle East, and increased testing services across the region. These increases were partially offset by reduced project management activity in Iraq, lower completion tool sales throughout Asia, decreased fluid services in Brunei, and lower stimulation activity in Bangladesh.

Other Financial Items

• Halliburton recorded a pre-tax charge of $22 million in the first quarter of 2022 primarily related to the write down of all its assets in Ukraine, including $16 million in receivables, due to the ongoing conflict. This charge was included in "Impairments and other charges" on the Company's condensed consolidated statement of operations for the three months ended March 31, 2022.

• Halliburton redeemed $600 million of its $1 billion aggregate principal amount of 3.80% Senior Notes due November 2025. The redemption of the notes resulted in a loss of $42 million consisting of premiums and unamortized expenses. This first quarter loss was included in "Loss on early extinguishment of debt" on the Company’s condensed consolidated statement of operations for the three months ended March 31, 2022.

Selective Technology & Highlights

• Halliburton opened the Halliburton Chemical Reaction Plant – the first of its kind in Saudi Arabia – to manufacture a broad range of chemicals for the entire oil and gas value chain as well as many other industries. The facility expands Halliburton’s manufacturing footprint in the Eastern Hemisphere and strengthens and accelerates its ability to serve the chemical needs of Middle East customers.

• Halliburton introduced Obex™ IsoLock™, a new compression-set packer that prevents sustained casing pressure. The Obex IsoLock packer collar serves as an effective barrier to mitigate fluid migration and support multiple-stage cementing through integrated stage cementing ports in the tool.

• Halliburton introduced StrataStar™, a deep azimuthal resistivity service that provides multilayer visualization to maximize well contact with the reservoir and improve real-time reserves evaluation. For more decisive well placement, the StrataStar service acquires real-time measurement and visualization of surrounding geology and fluids up to 30 feet around the wellbore. It applies a sophisticated algorithm to accurately map the position, thickness, and resistivity of interbedded rock and fluid layers to stay within targeted boundaries.

• Halliburton announced that Petrobel, a joint venture between ENI and the Egyptian General Petroleum Corporation, awarded it a contract to deploy iEnergy® Stack, Halliburton’s cloud solution that runs on-premise, to manage petrotechnical software applications.

• Halliburton announced that Energean plc, an independent E&P company focused on developing resources in the Mediterranean and the North Sea, awarded it a study to assess carbon storage potential of the Prinos basin in Greece.

• Halliburton announced the addition of Ms. Tobi Young and Mr. Earl Cummings to its board of directors. The appointments went into effect on February 23, 2022, and both will stand for election by shareholders at the annual meeting on May 18, 2022.

• Halliburton Labs selected three new companies to participate in its collaborative environment to advance and scale cleaner, affordable energy. Chemergy, EVA, and Novamera will receive access to a broad range of industrial capabilities, technical expertise, and global network connections to scale their respective businesses. Halliburton Labs also added two new advisory board members – Jennifer Holmgren, CEO, LanzaTech and Maynard Holt, CEO, Veriten.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Forward-looking Statements

The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the impact of COVID-19 and any variants, the related economic repercussions and resulting negative impact on demand for oil and gas, operational challenges relating to COVID-19 and efforts to mitigate the spread of the virus, including logistical challenges, protecting the health and well-being of our employees, performance of contracts and supply chain disruptions; the ability of the OPEC+ countries to agree on and comply with production quotas; the continuation or suspension of our stock repurchase program, the amount, the timing, and the trading prices of Halliburton common stock, and the availability and alternative uses of cash; changes in the demand for or price of oil and/or natural gas; potential catastrophic events related to our operations, and related indemnification and insurance matters; protection of intellectual property rights and against cyber-attacks; compliance with environmental laws; changes in government regulations and regulatory requirements, particularly those related to oil and natural gas exploration, radioactive sources, explosives, chemicals, hydraulic fracturing services, and climate-related initiatives; compliance with laws related to income taxes and assumptions regarding the generation of future taxable income; risks of international operations, including risks relating to unsettled political conditions, war, including the ongoing Russia and Ukraine conflict and any expansion of that conflict, the effects of terrorism, foreign exchange rates and controls, international trade and regulatory controls and sanctions, and doing business with national oil companies; weather-related issues, including the effects of hurricanes and tropical storms; changes in capital spending by customers, delays or failures by customers to make payments owed to us, and the resulting impact on our liquidity; execution of long-term, fixed-price contracts; structural changes and infrastructure issues in the oil and natural gas industry; maintaining a highly skilled workforce; availability and cost of raw materials; agreement with respect to and completion of potential dispositions, acquisitions and integration and success of acquired businesses and operations of joint ventures. Halliburton's Form 10-K for the year ended December 31, 2021, recent Current Reports on Form 8-K and other Securities and Exchange Commission filings discuss some of the important risk factors identified that may affect Halliburton's business, results of operations, and financial condition. Halliburton undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For Investors:
David Coleman
Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2688

For News Media:
Emily Mir
External Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2601

HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of April 2022. Unitholders of record on April 29, 2022 will receive distributions amounting to $0.101513343 per unit, payable on July 29, 2022. The Trust received $235,478, all of which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company. No income was received in April 2022 from any other working interest owner. This month, after the Trust’s withholding for cash reserves and the payment of administrative expenses, income from the distributable net profits was $189,179.

The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-K, distributions to unitholders are expected to be materially reduced during 2022, as the Trust intends to increase cash reserves from $1.0 million to a total of $2.0 million to provide added liquidity.

Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2021. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.

Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020

http://mtr.q4web.com/home/default.aspx

Iron Mountain Data Centers, with support from BREEAM and Longevity, demonstrates leadership for managing ESG goals and commitments within the complex industrial asset class

BOSTON--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services, today announced the BREEAM design certification of its Phoenix, AZ (AZP-2) data center — the first data center in North America to receive this top tier certification for building to a standard considered the highest for sustainable construction.

Iron Mountain is taking the lead on demonstrating the steps facility owners can take to ensure that their data centers are both efficient and resilient. Design for the AZP-2 facility has been certified under BREEAM’s New Construction standard, a globally recognized green building certification for new developments, and achieved BREEAM Excellent.

“By intentionally designing and constructing data centers to optimize performance, we help to ensure a sustainable, interconnected future,” said Chris Pennington, Director of Energy & Sustainability for Iron Mountain. “BREEAM certification demonstrates a comprehensive approach to achieve results — from site selection and materials to energy use and the well-being of future occupants — and we look forward to continued partnerships with sustainability experts like BREEAM and Longevity Partners to demonstrate leadership for ESG performance and green buildings in the data center industry.”

Throughout the design stage for the project, Iron Mountain implemented notable measures to significantly improve the performance of AZP-2, including producing detailed energy use simulations and models, refining the building material selection, and reducing water consumption by more than 50% to reduce the costs and carbon emissions of future tenants. Today, Iron Mountain has long term renewable energy contracts which already offset more than 100% of our data center energy requirements and we have committed to achieve 100% renewable energy use 100% of the time by 2040. Moreover, today’s announcement places Iron Mountain firmly on the path announced last year that all new construction of multi-tenant data centers will be BREEAM certified by 2025.

“The construction pipeline for data centers in the U.S. has continued to grow in recent years with no signs of slowing down any time soon, so it’s great to see an industry leader like Iron Mountain take charge in implementing a higher sustainability standard throughout its design and development processes,” said Breana Wheeler, Director of U.S. Operations at BRE. “As the national portfolio of data centers continues to expand, we look forward to adding value to owners and operators by providing a holistic, transparent assessment method that produces more valuable assets.”

The design certification of AZP-2 was supported by the project’s third-party assessor team at the leading multi-disciplinary energy and sustainability consultancy, Longevity Partners. “At Longevity, we pride ourselves on supporting real estate professionals navigate the most difficult ESG scenarios within the built world, and we’re proud to have supported Iron Mountain’s immense success in certifying this complex data center asset,” said Etienne Cadestin, CEO of Longevity Partners. “We look forward to continuing to expand our relationship and guide the Iron Mountain team as they pursue additional certifications across their portfolio.”

About Iron Mountain Incorporated
Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER™ to transform their businesses. Through a range of services including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals. To learn more about Iron Mountain, please visit: www.IronMountain.com and follow @IronMountain on Twitter and LinkedIn.

About BRE & BREEAM
BRE delivers innovative and rigorous products, services, standards and qualifications which are used around the globe to make buildings better for people and for the environment. For a century we have provided government and industry with cutting edge research and testing to make buildings safer and more sustainable. Learn more at www.bregroup.com.

BREEAM is the world’s leading science-based suite of validation and certification systems for a sustainable built environment. Since 1990, its third-party certified standards have helped improve asset performance at every stage, from design through construction, to use and refurbishment. Millions of buildings across the world are registered to work towards BREEAM’s holistic approach to achieve ESG, health and Net Zero goals. It is owned by BRE - a profit-for-purpose organization with over 100 years of building science and research background. Learn more at www.breeam.com/usa.

About Longevity Partners
Longevity Partners is a multi-disciplinary energy and sustainability consultancy, founded in 2015 to support businesses in the transition to a low carbon economy worldwide. We provide strategic guidance, compliance support and innovative solutions to property investors, developers and occupiers. We enable them to achieve their energy and resource efficiency targets, reduce their environmental impact, future-proof their businesses and unlock their full commercial potential.

Media:
Marti Zehr-Breedlove
+1 469-955-1005
This email address is being protected from spambots. You need JavaScript enabled to view it.

Isabella Sarlo, Antenna Group
201-465-8045
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Refinery Catalysts - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Refinery Catalysts Market to Reach $4.3 Billion by 2026

The global market for Refinery Catalysts estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2026, growing at a CAGR of 2.6% over the analysis period.

Alkylation Catalysts, one of the segments analyzed in the report, is projected to grow at a 2.8% CAGR to reach US$918.9 Million by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the FCC Catalysts segment is readjusted to a revised 2.4% CAGR for the next 7-year period. This segment currently accounts for a 44.9% share of the global Refinery Catalysts market.

The U.S. Market is Estimated at $863.7 Million by 2021, While China is Forecast to Reach $595.2 Million by 2026

The Refinery Catalysts market in the U.S. is estimated at US$863.7 Million in the year 2021. The country currently accounts for a 23.35% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$595.2 Million in the year 2026 trailing a CAGR of 3.9% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR while Rest of European market (as defined in the study) will reach US$621 Million by the close of the analysis period.

Petrochemical refining catalysts market globally is expected to maintain its momentum owing to rapid growth in production capacities associated with secondary catalytic processes and increasing significance of light petroleum products in oil refining industry.

The market growth is likely to be also driven by implementation of stringent environmental standards by developed countries that import a large volume of petroleum products. New standards are intended to improve petroleum products` quality and cut pollution emissions caused by fuel combustion.

The trend is reflected by migration of European countries towards Euro 5 fuels with very low sulfur content. The primary factors responsible for pushing up petroleum products demand in Europe include high-quality gasoline and diesel fuels that represent important merchandises of the petroleum refining sector in the region.

Hydrotreating Catalysts Segment to Reach $710.6 Million by 2026

In the global Hydrotreating Catalysts segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$414.4 Million in the year 2020 will reach a projected size of US$505.6 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$87 Million by the year 2026, while Latin America will expand at a 3.7% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets
• Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes
• A Retrospective Review of Year 2020 as the Worst Year in Humanity's History that Left the World in Shambles & Industries and Markets Upended
• Here's How COVID-19 Impacted the Oil & Gas Industry & the Petrochemicals Market
• Refinery Catalysts: Definition, Scope, Types & Applications
• Recent Market Activity
• Innovations

2. FOCUS ON SELECT PLAYERS (Total 41 Featured)

• Albemarle Corporation
• Axens SA
• BASF SE
• China Petroleum & Chemical Corporation (Sinopec)
• Clariant AG
• Exxon Mobil Corporation
• Haldor Topsoe A/S
• Honeywell UOP
• Johnson Matthey plc
• KNT Group
• Korea Research Institute of Chemical Technology
• Shell Catalysts & Technologies LP.
• W. R. Grace and Company 

3. MARKET TRENDS & DRIVERS

• Rise of Nanocatalysts in Refining & Petrochemical Processes to Spur Growth in the Market
• Here's How Nanocatalysts Help Enhance Petrochemical Reactions
• Pandemic Induced Accelerated Focus on the Environment & Sustainability to Drive Demand for Low-Cost, Energy Efficient and Eco-Friendly Catalysts
• With Demand for Refining Catalysts Linked to the Fortunes of the Oil & Gas Industry. Here's What to Expect in 2021 & 2022
• COVID-19 Pain in Oil Production to Spill Over Into 2021
• Projected Rebound in Shale Production Post COVID-19 in 2022 to Positively Impact Demand for Refinery Catalysts
• Rising Production of Ultra-low Sulfur Diesel (ULSD) to Spur Growth in the Market
• Rise of Zeolites in Oil Refining Applications: A Review
• Market to Benefit from Increasing Demand for High Octane Fuels
• Ubiquitous Use and Applications of Petroleum Products to Drive Recovery
• New Refinery Capacity Additions Bodes Well for Growth in the Post COVID-19 Period

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/p7dgf5

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Alchemer’s commitment to data privacy and security incorporates multiple layers of internal and third-party technologies, features, and controls

LOUISVILLE, Colo.--(BUSINESS WIRE)--Alchemer – a global leader in Customer Experience (CX) and enterprise-feedback technology – announced today that it has expanded its enterprise-strength data security to include enhanced, proactive protection against phishing, providing customers and survey respondents with greater protection against suspicious data gathering efforts.

The Alchemer anti-phishing feature proactively detects and prevents potential phishing attacks. Customers can trust Alchemer to protect their customers from ever-expanding phishing threats. Alchemer complies with internationally recognized security and privacy regulations and uses multiple layers of internal and third-party features, controls, and technologies to ensure the highest security standards are met proactively and continuously.

“Our customers and their customers must trust in the legitimacy of surveys in the market. Alchemer’s advanced anti-phishing artificial intelligence stops bad actors in their tracks – building trust in Alchemer and more broadly, in our industry,” said Michael Kleck, Chief Information Security Officer at Alchemer. “Alchemer is fiercely committed to information security and privacy, from our ISO and SOC certifications to our access controls to our constant monitoring and prevention efforts. This new capability expands on our industry-leading focus and capabilities.”

To learn more about Alchemer’s comprehensive data security and privacy features and controls, visit https://www.alchemer.com/security/.

About Alchemer

Alchemer (formerly SurveyGizmo) offers the world’s most flexible feedback and data collection platform that’s recognized for its ease of implementation and low-code design that allows innovative thinkers across organizations to solve real business problems cost-effectively. Alchemer serves more than 15,000 global customers and 30% of the Fortune 500. For more information about Alchemer visit Alchemer.com.

Connect Marketing
Sherri Walkenhorst
This email address is being protected from spambots. You need JavaScript enabled to view it.
(801) 373-7888

DUBLIN--(BUSINESS WIRE)--The "Biomass Electricity Global Market Opportunities And Strategies To 2030, By Feedstock, End-User, Technology" report has been added to ResearchAndMarkets.com's offering.

The biomass electricity market reached a value of nearly $33,107.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 1.9% since 2015. The market is expected to grow from $33,107.6 million in 2020 to $50,256.0 million in 2025 at a rate of 8.7%. The market is then expected to grow at a CAGR of 7.0% from 2025 and reach $73,331.9 million in 2030.

Growth in the historic period resulted from emerging markets growth, government incentives, low interest rate environment and high environment impact of conventional power generation sources.

Going forward, the global population growth and urbanization, rising investment for renewable power generation, focus on reducing foreign oil dependence and alternative sources of power generation will drive the growth. Factors that could hinder the growth of the biomass electricity market in the future include stringent environmental regulations, operational challenges and the COVID-19 pandemic.

The biomass electricity market is segmented by feedstock into solid biomass, biogas, municipal solid waste and liquid biomass. The solid biomass market was the largest segment of the biomass electricity market segmented by feedstock, accounting for 63.1% of the total in 2020. Going forward, the solid biomass market is expected to be the fastest growing segment in the biomass electricity market segmented by feedstock, at a CAGR of 10.2% during 2020-2025.

The biomass electricity market is also segmented by end-user into household, industrial, government and others. The industrial market was the largest segment of the biomass electricity market segmented by end-user, accounting for 62.2% of the total in 2020. Going forward, the household segment is expected to be the fastest growing segment in the biomass electricity market segmented by end-user, at a CAGR of 9.6% during 2020-2025.

The biomass electricity market is also segmented by technology into anaerobic digestion, combustion, co-firing, gasification and landfill gas. The combustion market was the largest segment of the biomass electricity market segmented by technology, accounting for 36.3% of the total in 2020. Going forward, the anaerobic digestion segment is expected to be the fastest growing segment in the biomass electricity market segmented by technology, at a CAGR of 9.5% during 2020-2025.

Western Europe was the largest region in the biomass electricity market, accounting for 37.5% of the total in 2020. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the biomass electricity market will be Middle East, and, South America where growth will be at CAGRs of 14.4% and 12.4% respectively. These will be followed by Africa, and Eastern Europe, where the markets are expected to grow at CAGRs of 11.3% and 10.5% respectively.

The global biomass electricity market is concentrated, with a small number of players. The top ten competitors in the market made up to 29.15% of the total market in 2020. This can be due to the existence of number of local players in the market serving customers in particular geographies. Drax Group was the largest competitor with 8.11% share of the market, followed by EPH with 5.51%, Engie with 4.97%, EDF with 3.01%, Iberdrola with 2.36%, Acciona SA with 1.60%, RWE with 1.46%, Orsted A/S with 1.22%, CEZ with 0.80%, and Babcock and Wilcox with 0.09%

The top opportunities in the biomass electricity market segmented by feedstock will arise in the solid biomass segment, which will gain $13,079.9 million of global annual sales by 2025. The top opportunities in segment by end-user will arise in the industrial segment, which will gain $10,510.2 million of global annual sales by 2025. The top opportunities in segment by technology will arise in the combustion segment, which will gain $6,262.9 million of global annual sales by 2025. The biomass electricity market size will gain the most in the China at $2,247.9 million.

Key Topics Covered:

1. Biomass Electricity Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

6.1. Segmentation By Geography

6.2. Segmentation By Feedstock

6.3. Segmentation By End-User

6.4. Segmentation By Technology

7. Biomass Electricity Market Characteristics

7.1. Market Definition

7.2. Market Segmentation By Feedstock

7.2.1. Solid Biomass

7.2.2. Biogas

7.2.3. Municipal Solid Waste

7.2.4. Liquid Biomass

7.3. Market Segmentation By End-User

7.3.1. Household

7.3.2. Industrial

7.3.3. Government

7.3.4. Others

7.4. Market Segmentation By Technology

7.4.1. Anaerobic Digestion

7.4.2. Combustion

7.4.3. Co-Firing

7.4.4. Gasification

7.4.5. Landfill Gas

8. Biomass Electricity Market Trends And Strategies

8.1. Bioenergy With Carbon Capture And Storage (BECCS)

8.2. Power Plant Transitions

8.3. Anaerobic Digestion Plants

8.4. Innovations In Waste-to-Energy Technologies

8.5. Digital Marketplaces Enabling Renewable Mix

8.6. Artificial Intelligence In Biomass Preprocessing

9. Impact Of COVID-19 On The Biomass Electricity Market

9.1. Introduction

9.2. Impact On Demand

9.3. Supply Chain Disruption

9.4. Future Outlook

10. Global Biomass Electricity Market Size And Growth

10.1. Market Size

10.2. Historic Market Growth, 2015 - 2020, Value ($ Million)

10.2.1. Drivers Of The Market 2015 - 2020

10.2.2. Government Incentives

10.2.3. The biomass electricity market growth is supported by government initiatives in the historic period.

10.2.4. Restraints On The Market 2015 - 2020

10.3. Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)

10.3.1. Drivers Of The Market 2020 - 2025

10.3.2. Restraints On The Market 2020 - 2025

11. Global Biomass Electricity Market Segmentation

11.1. Global Biomass Electricity Market, Segmentation By Feedstock, Historic And Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

11.2. Global Biomass Electricity Market, Segmentation By End-User, Historic And Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

11.3. Global Biomass Electricity Market, Segmentation By Technology, Historic And Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

12. Biomass Electricity Market, Regional And Country Analysis

12.1. Global Biomass Electricity Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

12.2. Global Biomass Electricity Market, By Country, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

Companies Mentioned

• Drax Group
• EPH
• Engie
• EDF
• Iberdrola
• RWE
• Orsted A/S
• Enviva
• CEZ
• Babcock and Wilcox
• Acciona Sa
• Dong Energy A/S

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Bank’s Colorado employees invited to join Wells Fargo in first-of-its-kind Sunscription, driving adoption of renewable energy on the local power grid while receiving bill credits that can lower their energy bills

DENVER--(BUSINESS WIRE)--Today, US Solar announced Wells Fargo's 8 megawatt (MW) Sunscription℠ to five new US Solar Community Solar Gardens in Colorado, with enough capacity to power nearly 2,000 Colorado homes annually. The Solar Gardens, located in Xcel Energy and Black Hills Energy territories, will serve commercial and residential customers, as well as low to moderate income service organizations in the greater Colorado area. Wells Fargo’s Sunscription will provide utility bill credits for nearly 100 of its retail and corporate locations across Colorado.

The program also provides the opportunity for Wells Fargo’s Colorado employees residing in the Xcel Energy and Black Hills Energy territories to enter into a Sunscription with US Solar and help drive the adoption of renewable energy on the local power grid, while also receiving bill credits that can lower their energy bills.

A Sunscription to a Solar Garden from US Solar allows companies and individuals to benefit from solar without any upfront costs or equipment on their property. Community solar helps increase access to solar energy even for businesses and homes that are not ideally situated for a rooftop solar installation. Subscribers receive savings through a bill credit on their electric bill based on the production of the Solar Garden, while supporting the development of local, clean energy.

“Wells Fargo’s renewable energy strategy is to leverage our annual energy spend to support the development of net-new renewable generation assets in locations where our energy needs are the greatest. In addition to the climate benefits, projects like US Solar’s community solar gardens provide a path for underserved communities to benefit from community solar and take advantage of lower energy bills and increased energy resilience,” said Richard Henderson, head of Wells Fargo’s Corporate Properties Group and Denver resident. “We are excited to be able to extend the opportunity for our Colorado employees and their families to join us in supporting our communities in these ways, and driving toward a low-carbon future.”

"We are proud to have Wells Fargo as a subscriber to our Solar Gardens and thrilled to offer this new program to their employees. It is an exciting opportunity to support Wells Fargo’s corporate renewable energy goals while providing benefit to their employees and community," said Erica Forsman, Vice President of Origination at US Solar. "We're focused on investing in energy production in Colorado while increasing access to renewable energy for residents throughout the state."

“I really like the ability to shift my monthly energy costs to solar energy without the expense and equipment to install solar on my house,” said Clayton Sampson, Lead Commercial Loan Closing Specialist with Wells Fargo and Chair of the bank’s Colorado “Green Team.” “Wells Fargo’s partnership with US Solar got me priority access to this popular program. And the fact that there’s a guaranteed discount makes it a pretty easy decision in my mind.”

For every Wells Fargo employee who completes their Sunscription account set-up, US Solar will make a donation to Energy Outreach Colorado to further Energy Outreach Colorado’s mission of providing more sustainable energy options for low to moderate-income Colorado residents.

“We are very grateful for the donation to Energy Outreach Colorado. We believe that everyone should be able to afford their home energy costs without worry, and this gift will provide helpful solar opportunities for many vulnerable Coloradans.” Jennifer Gremmert, CEO and Executive Director.

US Solar is currently developing 14 Solar Gardens in Colorado. US Solar will be planting pollinator-friendly native vegetation at each Solar Garden, which will decrease stormwater runoff, enhance soil regeneration, and increase the air quality in the surrounding communities.

US Solar is currently subscribing its Solar Gardens for Xcel Energy and Black Hills Energy customers in Colorado. Businesses, residents, and affordable housing providers can sign up for a Sunscription at us-solar.com.

About US Solar

United States Solar Corporation ("US Solar") makes solar energy accessible with simple solutions that are as good for the wallet as for the environment. US Solar is a developer, owner, operator, and financier of solar generation and energy storage projects with a focus on emerging state markets and community solar programs. US Solar helps residents, public entities, and businesses reduce electricity costs with local, renewable energy. Additional information about partnerships with US Solar can be found at www.us-solar.com/partner. Additional information about US Solar and Solar Garden Sunscriptions can be found by visiting www.us-solar.com.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo

About Energy Outreach Colorado

Energy Outreach Colorado has been a leading expert on issues impacting low-income energy consumers for over 30 years. Through strong public and private partnerships, the statewide nonprofit has raised and leveraged millions of dollars to reduce energy costs and usage for low-income Coloradans.

US Solar Contact
Greta Chizek
This email address is being protected from spambots. You need JavaScript enabled to view it.

Wells Fargo Contact
E.J. Bernacki
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Carbon Capture and Storage Market Share, Size, Trends, Industry Analysis Report By Application; By Capture Type; By Region, Segments & Forecast, 2022 - 2029" report has been added to ResearchAndMarkets.com's offering.

The global carbon capture and storage market size is expected to reach USD 15,286.4 million by 2029 according to this new study. The report gives a detailed insight into the current market dynamics and provides analysis on future market growth.

Increasing government regulations on GHG emission along with rising awareness regarding climate change conditions among CO2 emitting industries is expected to boost the market over the forecast period.

Furthermore, increasing the use of sustainable resources such as wind and water along with the introduction of emission control machinery is expected to create opportunities for industry growth.

North America is expected to hold the largest market share over the forecast period due to increasing energy demand along with government initiatives to reduce CO2 emissions. Moreover, increasing investment towards technology storage development coupled with the presence of key industry players are expected to favor the trend in the coming years. Additionally, developed economies in this region are expected to increase the demand for the storage product over the forecast period.

The publisher has segmented the carbon capture and storage market report on the basis of capture type, application, and region:

Carbon Capture and Storage, Capture Type Outlook (Revenue-USD Million, Volume-Million Metric Tons)

• Pre-combustion
• Industrial separation
• Oxyfuel-combustion
• Post-combustion

Carbon Capture and Storage, Application Outlook (Revenue-USD Million, Volume-Million Metric Tons)

• Enhanced Oil Recovery
• Industrial
• Agriculture
• Others

Carbon Capture and Storage, Regional Outlook (Revenue-USD Million, Volume-Million Metric Tons)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Spain
• Poland
• Italy
• Belgium
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Malaysia
• Indonesia
• Rest of Asia Pacific
• Central & South America
• Brazil
• Argentina
• Rest of Central & South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Nigeria
• Rest of Middle East & Africa

Companies Mentioned

• Aker Solutions
• Cansolv Technologies Inc
• Chevron Corporation
• Dakota Gasification Company
• Exxon Mobil
• Fluor
• General Electric
• Halliburton
• HTC CO2 Systems Corp
• Japan CCS Co. Ltd.
• Linde
• Maersk Oil
• Mitsubishi Heavy Industries
• NRG Energy
• Schlumberger Limited
• Shell CANSOLV
• Siemens AG
• Statoil
• Sulzer

For more information about this report visit https://www.researchandmarkets.com/r/2zqxvn

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

PASADENA, Calif.--(BUSINESS WIRE)--$HLGN #ArtificialIntelligence--Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrated solar energy, today announced that it will release financial and operating results for the first quarter 2022 after the market close on Monday, May 9, 2022. This release will be followed by a conference call for investors at 8:30 AM EST on Tuesday, May 10. Bill Gross, Founder and Chief Executive Officer of Heliogen, and Christie Obiaya, Chief Financial Officer will host the call.

The conference call may be accessed via a live webcast on a listen-only basis in the Investors section of Heliogen’s website at investors.heliogen.com. The call can also be accessed live via telephone by dialing 1-844-825-9789 (1-412-317-5180 for international callers) and referencing Heliogen.

A replay of the webcast will be available shortly after the call on the Investors section of Heliogen’s website.

About Heliogen

Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit Heliogen.com

Heliogen Media Contact:
Cory Ziskind
ICR, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.

Heliogen Investor Contact
Louis Baltimore
VP, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

Financial literacy more crucial than ever as inflation persists

DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, released the Middle-Income Financial Security Monitor for the first quarter of 2022 — a national survey that measures changes in the sentiments of middle-income families in the U.S. about their finances.

The survey found middle-income households remain concerned about inflation, with a majority indicating they are considering lifestyle changes to cut back on spending. In fact, two-thirds (66%) say inflation already has or is likely to impact a major purchase decision, and many people are contemplating lifestyle shifts because of rising costs.

Concern over the ongoing international conflict is also top of mind, with 61% saying they expect it will have at least some impact on their financial behavior and decisions over the next few months. This concern mirrors a Gallup poll about inflation issues from 1946 following World War II, when supply-chain shortages and pent-up demand drove prices upward.

“As we face the highest inflation levels in the past 40 years, it is critically important for middle-income families to understand how to budget, manage debt, save for the future and protect their incomes,” said Glenn J. Williams, CEO of Primerica. “These priorities compete for limited financial resources, making the need for professional guidance more important than ever.”

Key Findings from Primerica’s U.S. Middle-Income Financial Security Monitor

• Increasing cost of goods and services. Families are seeing the impact of inflation all around them, with respondents noting increasing price tags on a variety of items. That includes groceries (95%), gas (93%), retail purchases (82%), restaurants and bars (79%), health care (75%), subscriptions such as Netflix and Amazon (70%), and more. Of these, groceries (67%) and gas (60%) by far cause the most concern.
• Most plan to cut back due to inflation. The primary items people anticipate cutting back on include restaurant/take-out meals (57%), keeping current technology instead of upgrading (44%), and budgeting food purchases or cutting back on groceries (37%). Many are also looking at delaying a major purchase, with 40% indicating they have already done so and another quarter (26%) considering it.
• Is the “Great Resignation” waning? One-quarter (26%) say they are at least somewhat likely to change jobs in the next year, a decline from the 33% of respondents in December’s poll. Those likeliest to change jobs include adults ages 18-34 years old (35%), and Midwesterners (34%).

Financial Literacy

April marks Financial Literacy Month and considering the current economic environment, it’s noteworthy that many respondents indicated they feel anxious about tracking their financial health and don’t know where to start. In addition, while a majority indicated it’s smart to start saving and investing for retirement sooner rather than later, many aren’t following their own advice. Nearly one-third (30%) say they don’t contribute to a savings account, follow a budget, contribute to an investment account, or set a financial budget each month. Among the biggest challenges people cite for keeping track of their finances are anxiety (26%) and not having time (18%).

Topline Trends Data

About Primerica’s Middle-Income Financial Security Monitor

The Monitor is a quarterly national survey to monitor the financial health of those with annual household incomes of $30,000-$100,000. Change Research conducted online polling from March 4 through 8, 2022. Using Dynamic Online Sampling, Change Research polled 980 adults over 18. Post-stratification weights were made on gender, age, race, education and Census region to reflect the population of these adults based on the five-year averages in the 2018 American Community Survey published by the U.S. Census. The margin of error is 3.7%.

About Primerica, Inc.

Primerica is a leading provider of financial services to middle-income households in the United States and Canada. Licensed financial representatives educate Primerica clients about how to prepare for a more secure financial future by assessing their needs and providing appropriate products like term life insurance, mutual funds, annuities, and other financial products. Primerica insured over 5.7 million lives and had over 2.7 million client investment accounts as of December 31, 2021. Primerica was the #2 issuer of Term Life insurance coverage in the United States and Canada in 2021 through its insurance company subsidiaries. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.

Gana Ahn
Head of Public Relations I Primerica
This email address is being protected from spambots. You need JavaScript enabled to view it.

BOULDER, Colo.--(BUSINESS WIRE)--Bolder Industries, Inc., the circular solutions provider for rubber, plastics, and petrochemical supply chains, today announced that its Maryville, Missouri facility has been ISCC PLUS (International Sustainability and Carbon Certification) certified for circular carbon black (BolderBlack^®) and pyrolysis oil (BolderOil™).

ISCC PLUS Certification Highlights

• Allows Bolder Industries to bring in-demand certified circular products to market, presenting customers with options for sustainable raw materials on a mass balance basis to meet their net zero goals.
• Allows Bolder’s customers in the rubber, plastic, and petrochemical supply chains to accelerate and validate their transition to a circular economy.
• Provides customers the potential to leverage Bolder’s broad expertise across a number of manufacturing sectors for the certified raw materials, BolderBlack and BolderOil.
• Validates the “mass balance approach,” tracking the quantity and sustainability characteristics of recycled / renewable content in the value chain.

“True circularity has been our goal from the start, and we’re thrilled to see the market demanding that more materials be verified as delivering what they promise,” says Tony Wibbeler, Founder and CEO, “As a circular solutions provider, ISCC PLUS certification is yet another solution we can deliver to our customers—ensuring Bolder Industries products are made from certified sustainable materials that contribute directly to their net zero goals.”

BolderBlack, a sustainable carbon black, is now in over 3,000 products including auto parts, passenger tires, inks, coatings, and more. Additionally, BolderOil has been fully adopted into the petrochemical supply chain as a sustainable oil for well cleanup, solvents, and fuels.

Bolder Industries has experienced a significant uptick in market demand for their sustainable raw materials and is pursuing aggressive global growth. Bolder Industries Maryville, which became a certified ISO 9001 facility in 2021, recently completed an expansion that will increase production capacity by 2.5x in 2022. Bolder will also apply for ISCC PLUS certification upon the commissioning of its next two facilities in Terre Haute, Indiana and Antwerp, Belgium, slated for 2023 and 2024 respectively.

About Bolder Industries

Founded in 2011, Bolder Industries, Inc. provides circular solutions for rubber, plastic, and petrochemical supply chains by converting end-of-life tires into sustainable carbon black (BolderBlack^®), petrochemicals (BolderOil™), steel (BolderSteel™), and power. The Company has developed and scaled a proprietary process that generates 98% less CO2, uses 85% less water and energy than traditional methods, and utilizes 98% of every scrap tire. As a Certified B Corp and ISO 9001 company, Bolder Industries is committed to environmental, social, and governance matters that form the core of their mission. To learn more, visit www.bolderindustries.com.

Bolder Industries Contact
Jessica Hogan
Vice President of Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
(214) 236-0984

Over GBP 200 million of Planned Capital Investment to Build the UK’s Largest Synchronous Condenser Pathfinder Portfolio

Delivering the New Infrastructure Required by the Net Zero Transition to Support UK Grid Stability

Four new Scottish projects to provide over half of National Grid’s published Short Circuit Level requirement, enabling the innovative management of critical grid stability as renewables increase

LONDON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused on renewables, storage, grid stability and related assets and businesses, announced today that it has been awarded contracts for four new synchronous condenser projects in Phase 2 of National Grid’s Pathfinder Programme (“Pathfinder Phase 2”). These additional awards follow the recently announced completion of Quinbrook’s first synchronous condenser project at Rassau in Wales which is now fully constructed and operational. The Rassau project was the second newly built synchronous condenser project in the UK (under Pathfinder Phase 1) in support of National Grid’s efforts to improve grid stability in the wake of the increased growth of intermittent renewables.

National Grid’s Pathfinder Phase 2 offers fully inflation-indexed, long-term revenue contracts in return for essential grid support services from projects like Rassau. Under Pathfinder Phase 2, National Grid has awarded 10 new contracts (worth a total of GBP 323 million) to projects which offer solutions to stability issues that arise due to rapid decarbonisation of the UK power system.¹ Quinbrook has now assembled the largest portfolio of Pathfinder synchronous condenser assets in the UK that is designed to provide vital stability services to National Grid enabling more renewables to be safely and reliably connected to the power transmission network. Quinbrook expects to take total investment in Pathfinder projects to over GBP 220 million in building the portfolio over the next 24 months.

Quinbrook and Welsh Power have been developing the four Scottish projects (located near Gretna, Neilston, Rothienorman and Thurso – collectively, the “Scottish Portfolio”) since early 2020 when work commenced to identify suitable locations, with priority given to sites adjacent to existing substations where National Grid had critical needs for new stability services. Substantially all required grid connections and land rights have been secured for all four projects with one final planning consent outstanding and expected to be secured over the coming weeks. With the award of the Pathfinder Phase 2 contracts now complete, Quinbrook will progress works towards commencement of construction during 2022 with start of operations scheduled for 2024.

Once operational, the Scottish Portfolio is expected to support the stable decarbonisation of electricity supply as the UK rapidly increases uptake of intermittent and weather dependent renewables in the drive to Net Zero;² by collectively providing 3,500 MVa of short circuit level (“SCL”) and 1,850 MVA.s of inertia, meeting over half of NGESO’s published SCL requirement.³ Quinbrook will lead equipment specification and procurement and continue its policy to prioritise the use of local contractors and specialists during construction works.

Rory Quinlan, Co-founder and Managing Partner of Quinbrook commented, “We view the UK’s ‘Net Zero’ transformation as an unprecedented investment opportunity with a diverse array of attractive thematics. Crucially, our ‘whole of system’ investment philosophy puts the emphasis on addressing critical system needs and enablers for a stable transition to a decarbonised power system. By delivering both innovative and high-impact investments such as this portfolio of synchronous condensers, we can enable more renewables to be built and reliably connected to the UK power grid thereby supporting large scale carbon emissions reduction and real progress towards Net Zero. These significant new contract awards are an excellent and timely example of how specialist investors like Quinbrook can identify truly differentiated and value-add infrastructure investments arising from the energy transition. As a firm we have moved well beyond vanilla wind and solar projects.”

Historically, grid stability in the UK’s power systems has been maintained by large synchronous power plants predominantly fueled by carbon-intensive coal and gas. These older fossil plants are being phased out and non-synchronous renewable generators, such as wind and solar pose new reliability challenges as they do not possess the same grid stabilising properties. Due to the rapid proliferation of renewables across the UK, National Grid launched the Pathfinder Programme to source these critical grid stability services from other technologies.⁴ Once fully constructed and operational, Quinbrook’s synchronous condenser portfolio will offer these critical support services to National Grid using the well-established synchronous condenser technology which is designed to operate on a continuous 24/7 basis.⁵

Keith Gains, Senior Director added, “Our expanded portfolio of synchronous condenser projects adds to Quinbrook’s recently completed investment in Rassau and in other innovative UK businesses that strategically support the energy transition in important ways, such as Flexitricity and Habitat Energy. These entrepreneurial UK businesses reinforce Quinbrook’s early strategic move into the supply of critical flexible capacity, storage and grid support infrastructure that enables more variable and weather-dependent renewables capacity to be safely accommodated on the UK power grid.”

Alastair Fraser, Chief Executive of Welsh Power commented, “Success in the Pathfinder 2 tender validates the two years of hard work that our teams at Welsh Power, Quinbrook and our extended network of partners have invested to bring these nationally important developments to the point where we are ready to start construction. We consider these innovative projects an essential step towards building an effective zero carbon electricity network in Great Britain. Through the partnership with Quinbrook, Welsh Power is able to continue to build its expertise in developing these exciting new projects.”

About Quinbrook
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c. USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c. USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK and Australia.

About Welsh Power
Welsh Power is an employee-owned business providing development and asset management services to flexible generation, storage, and grid stability markets.

^{_____________________________________
1} https://www.nationalgrideso.com/news/scotlands-wind-success-story
² https://www.nationalgrideso.com/future-energy/projects/pathfinders
³ https://www.nationalgrideso.com/future-energy/projects/pathfinders/stability/Phase-2
⁴ https://www.nationalgrideso.com/news/latest-boost-stability-pathfinder-construction-flywheel-begins
⁵ https://Press.siemens-energy.com/global/en/pressrelease/siemens-energy-begins-construction-gb-stabilization-project

Media:
Jennifer Pflieger
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (212) 446-1866

Awards showcase customer products and initiatives promoting sustainability, carbon reduction and environmental best practices with green tech innovations

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, is pleased to announce the winners of its 2022 Green Tech Customer Innovation Awards. Now in its second year, the awards showcase customer products and initiatives that promote sustainability, carbon reduction, and environmental best practices with green tech innovations.

Each award winner has utilized Digi solutions to build or deploy technologies supporting environmental stewardship including innovations for smarter cities, improved water management, greener vehicle technology and more. These companies have demonstrated forward-thinking leadership and innovation in eco-friendly and environmentally safe applications.

Digi has selected the following customers as recipients for the 2022 Green Tech Customer Innovation Awards, in six categories:

• AddÉnergie Technologies: Green Vehicle Technology
• Sicom Electronics: Smart City Lighting
• Valmont Industries: Smart Infrastructure
• Brown and Caldwell: Water Monitoring and Management
• Renu Robotics: Green Tech Innovation
• Jain Irrigation: Smart Agriculture

“In our second year rewarding green tech innovation, we are thrilled and proud to acknowledge the many ways in which our customers innovate to support a more sustainable world,” says Digi International President and CEO Ron Konezny. “From infrastructure projects that reduce carbon emissions, to cleaner air and water, our honorees are making an enormous difference in the global quest to preserve our planet. We applaud these efforts and hope they inspire green innovation.”

For more information about Digi’s Green Tech initiative visit here.

About Digi International

Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services and solutions. We help our customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, we’ve helped our customers connect over 100 million things and growing. For more information, visit Digi's website at www.digi.com.

Peter Ramsay
Global Results Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
949.307.5908