Agreement to deliver convenient, integrated charging experience for drivers in North America
CAMPBELL, Calif. & PLANO, Texas--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading electric vehicle (EV) charging network, and Toyota Motor North America, Inc. (Toyota) today announced agreements to enable convenient, accessible home and public electric vehicle (EV) charging for drivers of Toyota’s new battery electric bZ4X SUV.
“As esteemed automotive brands like Toyota continue to electrify transportation with new models of cars, trucks, SUVs, and fleet vehicles, ChargePoint continues to enable EV charging wherever drivers live, work, and play,” said Pasquale Romano, president and CEO of ChargePoint. “This agreement combines Toyota’s leadership in mobility with our leadership in providing charging everywhere drivers need it, including home and public charging, to provide a seamless, convenient charging experience for bZ4X drivers.”
Leading companies work together to enhance driver experience
Through the agreement, bZ4X drivers will have access to ChargePoint’s industry-leading home and public charging solutions. To ensure drivers can charge wherever they need it, bZ4X drivers will have access to the ChargePoint network of Level 2 and DC fast chargers across North America. The company’s extensive network of charging stations, and roaming partner stations, provides bZ4X drivers access to more than 80% of charging spots in North America.
Drivers can charge up to nine times faster
For residential charging needs, drivers will have the option of purchasing a ChargePoint Home Flex Level 2 charger either from participating Toyota dealerships or directly through ChargePoint online. With the ChargePoint Home Flex connected charger, drivers can charge up to nine times faster than a standard outlet. Using the ChargePoint app, drivers can save money by scheduling charging times when energy is cheapest, track their charging, get charging reminders, and find places to charge through their smartphone.
“We want to instill a feeling of confidence in our bZ4X customers by providing a variety of charging options both at home and away to serve each customer’s unique charging needs and preferences,” said Christopher Yang, vice president of EV Charging Solutions, Toyota Motor North America. “The ChargePoint home charger and public charging network will further enhance our customers’ ownership experience of the bZ4X.”
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 110 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every two seconds or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American European press offices or Investor Relations.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs more than 48,000 people in North America who have contributed to the design, engineering, and assembly of nearly 43 million cars and trucks at our 13 manufacturing plants. By 2025, Toyota’s 14th North American plant, located in North Carolina, will begin to manufacture automotive batteries for electrified vehicles. Toyota has more electrified vehicles on the road than any other automaker, with electrified vehicles comprising more than a quarter of the company’s 2021 North American sales.
Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.ToyotaNewsroom.com.
CHPT-IR
Press North America
Jennifer Bowcock
VP, Communications
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MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced the appointment of Britton Smith as senior vice president, Electrification and Chief Strategy Officer, with immediate effect.
In his current role, Smith is responsible for further strengthening Blue Bird’s leadership in electric-powered school buses, expanding the company’s electric vehicle (EV) ecosystem, and establishing strategic partnerships to drive performance.
Smith has over 20 years of leadership experience in public and private-equity-owned companies across manufacturing, industrial, healthcare, financial services, and services sectors. Most recently he served as director, Strategy and Deal Advisory at KPMG. Before then, Smith held various executive roles, including Chief Operating Officer at financial services company DFC Global Corp, and Associate Principal at management consulting firm McKinsey & Company.
“Britton’s broad industry and leadership experience makes him a strong executive team member to further fortify Blue Bird's leadership position in zero-emission electric school buses,” said Matthew Stevenson, president and CEO, Blue Bird Corporation. “He will be instrumental in turning our vision of an employee-centric, high performance organization into reality. Together, we will advance clean transportation solutions to shape the future of the industry.”
Smith succeeds Trevor Rudderham who has decided to retire after a distinguished, over 40-year career in the automotive and transportation industry. Rudderham has served in the role of senior vice president, Electrification since July 2020. He will stay on through the end of May to ensure a smooth leadership transition.
Smith holds a master’s degree in Business Administration from Harvard Business School and a bachelor's degree in Mechanical Engineering with Highest Distinction from the United States Naval Academy.
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com. For Blue Bird's line of emission-free electric buses, visit www.bluebirdelectricbus.com.
Julianne Barclay
TSN Communications
M: +1.267.934.5340
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--Capstone will help achieve customer’s CO2 emissions and cost reduction goals--
VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #Bitcoin--Capstone Green Energy Corporation’s (NASDAQ: CGRN), exclusive distributor for the Mid-Atlantic and Southeastern US and the Caribbean, E-Finity Distributed Generation, has secured a new long-term Energy-as-a-Service (EaaS) contract with a cryptocurrency mining company looking to reduce its impact on the environment. This business expansion demonstrates progress on the Company's vision to create smarter energy for a cleaner future and builds on its track record of saving its customers an estimated $698 million in annual energy savings, and reducing CO2 emissions by more than 1,115,100, in the past three years alone.
Cryptocurrency mining is a fast-growing industry and involves specialized computers used to compute complex mathematical puzzles. Powering and cooling the processing units is extremely energy intensive. This cryptocurrency mining company will use Capstone Green Energy’s Energy-as-a-Service to generate more efficient and cleaner electricity to power its remote data center operations. Capstone Green Energy’s Energy-as-a-Service includes a low emission and quiet microturbine providing data center quality power, unit maintenance and 24/7 system monitoring at a fixed price for the length of the contract.
The customer, which mines large volumes of cryptocurrency, approached E-Finity wanting to take advantage of existing on-site production waste gas that would otherwise go unused. Because Capstone microturbines are designed to offer fuel flexibility, the system will use the waste gas, a benefit that not only reduces emissions but also offers operational savings. The Capstone microturbines generate electricity that is already substantially lower in emissions and cost from most grid power. Using energy that would otherwise be wasted brings even greater environmental and economic benefits to the project. Further, the added reliability and low maintenance requirements of microturbine-based systems make them ideal for remote locations, which can be hard to reach and often deal with challenging climate conditions.
“This new cryptocurrency mining customer has a proven track record of utilizing off-grid, stranded natural gas resources to generate low-cost energy to fuel their mining operations. Using Capstone's Energy-as-a-Service should allow them to achieve CO2 reduction goals while providing exceptional uptime by utilizing highly reliable, low emission natural gas-fueled microturbines,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy.
Capstone is seeing new growth as the cryptocurrency mining industry, and other growing energy intensive industries, take progressive steps that will allow them to lower their environmental impact, maintenance costs and time spent managing their energy supply, while also increasing power reliability.
“Our track record of successful operations in remote oil and gas locations across the Mid-Atlantic and the data center quality power generated by the microturbine-based systems was key to our customer’s decision to deploy the three megawatt Capstone systems,” said Jeff Beiter, Managing Partner of E-Finity Distributed Generation. “Capstone’s Energy-as-a-Service provides peace of mind for customers who are looking to reduce energy costs, receive stable high-quality power, ensure ongoing monitoring and maintenance, and limit their impact on the environment, all for a fixed price.”
About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.
For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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As the most experienced software vendor enabling the Lloyd’s Cargo market, Insurity helps carriers across international markets to leverage a digitally-capable, sanctions-compliant solution for their entire global cargo book of business
HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that it is providing P&C carriers with the most digitally-capable, sanctions-compliant solution in the global cargo market following Lloyd’s Certificate Office closure announcement. Insurity is the leading vendor in the market for online certificates and is the most experienced vendor in servicing the Lloyd’s Cargo Insurance market.
In 2021, Lloyd’s Certificate Office announced its closure and that it will no longer be issuing certificates itself. Due to its deep experience, Insurity is one of two qualified vendors nominated by Lloyd’s to provide electronic certificates in its stead. Insurity’s cargo insurance management and certificate issuance solution, Insurity Marine Suite, is the most comprehensive, purpose-built software available, issuing nearly 4 million certificates annually from over 100,000 insurers, brokers, freight forwarders, and shippers worldwide.
Insurity’s cargo solution provides the capability to service global markets with any necessary certificate, not just Lloyd’s certificates. The digital platform is multi-browser, multilingual, multi-currency, and has complete digital platform capabilities, including built-in invoicing and billing, plus sanction screening. It provides customized branding, BI reporting and analytics, and support for complex multi-national policies. It is ideal for servicing all cargo policies, including complex freight forwarders and traders. Insurity’s Marine Suite enables cargo lines with complete functionality for managing shipment and storage declarations, certificate issuance, and the calculation of billings based on activity.
“Insurity is best positioned to help carriers evolve with the global cargo market and support the organizations looking to expand their business following the closure of the Lloyd’s Certificate Office,” said Sylvester Mathis, Chief Insurance Officer, Insurity. “In addition to completing Lloyd’s certificates with minimal migration impact or effort, Insurity’s Marine Suite will also allow carriers to manage all of their cargo business via a forward-looking, future proof, and technologically secure platform.”
To learn more about how your organization can leverage Insurity’s Marine Suite, please contact Laura Krause at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Insurity
Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 15 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform and with unrivaled industry experience and the industry’s most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.
Laura Krause
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MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, will webcast its 2022 Investor/Analyst Day on Tuesday, March 29, 2022.
Management will share details about the Company’s strategy, market trends across the world, product and technology roadmap as well as operational and financial plans.
A live webcast, beginning at 9:15 AM ET will be available in the Investor Relations section of SolarEdge’s website at: https://investors.solaredge.com/events. Presentations will conclude at approximately 3:30 PM ET. A replay of the webcast will be available approximately two hours after the conclusion of the event and remain available for approximately 30 calendar days.
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at www.solaredge.com
Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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Sapphire Investor Relations, LLC
Erica Mannion and Michael Funari
+1 617-542-6180
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METAIRIE, La.--(BUSINESS WIRE)--The Board of Directors of Biloxi Marsh Lands Corporation has declared a dividend of $.30 per outstanding share of common stock payable on Wednesday, April 6, 2022 to shareholders of record as of the close of business on Friday, April, 1, 2022.
Biloxi Marsh Lands Corporation
Eric Zollinger: 504-837-4337
Solving The Most Demanding Temperature Control Applications
MT. LAUREL, N.J.--(BUSINESS WIRE)--inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing in key target markets which include automotive, defense/aerospace, industrial, life sciences, security, and semiconductor, today announced its thermal segment subsidiary, inTEST Thermal Solutions (iTS), engineered the next generation of ThermoStream® Systems and introduced the new North Sciences brand, born from products obtained through the acquisition of Z-Sciences in October 2021.
“Our customers rely on our expertise in precision temperature control, and we believe these quality products solve their challenging problems,” commented Nick Grant, inTEST President & CEO. “Our new North Sciences line of products offers a broad array of solutions for customers that need a variety of options, greater reliability, and superior protection for their cold storage needs.”
The all-new Eco-friendly Thermal Test Systems, the ThermoStream® ECO 560 and 660, are designed for 24/7, 365-day use in production or lab environments where small footprint, low audible noise, less heat dissipation, and lower energy usage are desirable. The ECO Series operates on an energy-efficient, 20 amp, 200-230V 50/60Hz circuit with proprietary technology delivering quiet, smooth sounding operation with swift, precise temperature transitions from -60°C to 200°C. The ECO system also eliminates the time and expense required to perform annual leak testing, because its gas charge is below the CO2 equivalent limit for greenhouse gas emissions as specified in the EU 517/2014 regulation.
The North Sciences brand was launched after products acquired from Z-Sciences were enhanced with multiple advancements including a variety of ergonomic and performance developments, along with state of the art controls technology. The brand offers a line of cold storage products, including biomedical freezers, vaccine refrigerators, blood bank and Ultra Low Temperature (ULT) freezers serving the biomedical and life sciences markets for temperatures ranging from -86°C to +10°C. These products are ideal for hospitals, research labs, and customers needing reliability, redundancy, uniformity, and sample security. North Sciences refrigeration units with innovative Twincore™ technology are extremely reliable, providing 100% redundancy even if a compressor fails, with industry-leading uniformity of +/-2.5°C, Energy Star certification, and EPA-rated natural refrigerants. North Sciences cold storage products range from small and portable to powerful and large-storage that cover the entire range of cold chain response for critical material storage.
iTS has been solving the most demanding temperature control applications for over 50 years. With global recognition for expertise in precise control of extreme environmental conditions, from -185°C to +500°C and rapid transitions, the breadth of iTS products and in-house engineering capabilities offers a single-partner-solution for thermal test, process cooling, and cold storage needs. The iTS family includes four product brands: Temptronic, Sigma Systems, Thermonics, and North Sciences.
About inTEST Corporation
inTEST Corporation is a global supplier of innovative test and process solutions for use in manufacturing and testing in target markets which include automotive, defense/aerospace, industrial, life sciences, and security, as well as both the front-end and back-end of the semiconductor manufacturing industry. Backed by decades of engineering expertise and a culture of operational excellence, inTEST solves difficult thermal, mechanical, and electronic challenges for customers worldwide while generating strong cash flow and profits. inTEST’s strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, and market expansion. For more information, visit www.intest.com.
inTEST Corporation
Duncan Gilmour
Chief Financial Officer, Treasurer and Secretary
Tel: (856) 505-8999
Investors:
Deborah K. Pawlowski
Kei Advisors LLC
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Tel: (716) 843-3908
BOSTON--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
KOURA SIGNS A THREE-PARTY LETTER OF INTENT WITH FOOSUNG CO. LTD. AND THE MAYOR OF KĘDZIERZYN-KOŹLE, POLAND TO MEET GROWING DEMAND FOR INORGANIC FLUORINE COMPOUNDS USED IN THE PRODUCTION OF LITHIUM-ION BATTERIES IN EUROPE
Orbia’s Fluorinated Solutions brand Koura, a global solutions leader in the fluorine and advanced materials space, announced today that it has signed a three-party Letter of Intent with Foosung Co. Ltd. and the Mayor of Kędzierzyn-Koźle, Poland to develop a new production plant in the region to meet the growing demand in Europe for inorganic fluorine compounds used in the production of lithium-ion batteries.
The agreement follows the Katowice Special Economic Zone’s decision to support construction of a battery materials production and service plant on a 49 acre plot of land acquired by Foosung Poland from the Commune in July 2019.
In addition to meeting renewable energy market needs, the construction and continued operations of the plant will drive economic development in the region. The first phase of construction will entail creating 80 local jobs with a ramp up to 150 local jobs for continued operations. Additionally, Koura and Foosung will provide chemistry education in schools and other educational institutions in the Commune and the Kędzierzyn-Koźle Powiat (county) through this partnership.
At a signing ceremony held in Katowice Poland, Gregg Smith, President of Orbia Fluorinated Solutions, said, “We are really pleased to have signed this agreement today and look forward to an incredible partnership. Battery materials are an important space for growth and key to supporting Orbia’s decarbonization efforts. We are excited to participate with Foosung as part of our energy materials strategy to bring key enabling fluorine materials to the end market.”
Said Sameer Bharadwaj, Chief Executive Officer of Orbia, “Decarbonization is an area of focus for Orbia, and growth opportunities like this partnership with Foosung and the mayoral leaders in Kędzierzyn-Koźle are key to our success. We are working in the climate solutions space to create value for people and planet. Our ownership of raw material assets and our team’s expertise in fluorine technologies puts us in the driver’s seat for the future of energy storage: an area of accelerated need and global demand.”
Ben Gook Hur, Chief Executive Officer of Foosung, said, “Foosung is deploying advanced technology for fluorine materials and will leverage Orbia’s strength in upstream fluorine intermediates to ensure a robust supply chain for European lithium-ion battery production.”
Construction of the production plant on the Southern Field (Polish: Pole Południowe) will commence in the second quarter of 2022, with the personnel recruitment process set to begin in 2023.
About Orbia
Orbia is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Data Communications (Dura-Line) and Fluorinated Solutions (Koura) sectors. The five Orbia businesses and their commercial brands have a collective focus on expanding access to health and wellness, reinventing the future of cities and homes, ensuring food and water security, connecting communities to data infrastructure and accelerating a sustainable, circular economy with basic and advanced materials and solutions. Orbia has commercial activities in more than 110 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. To learn more, please visit www.orbia.com.
About Koura
Orbia’s Fluorinated Solutions brand Koura is a global leader in the development, manufacture and supply of fluoroproducts that play a fundamental role in enhancing everyday lives and shortening the path to a sustainable, circular economy. Koura’s products are used in a vast range of applications including energy storage, urban and rural infrastructure, indoor climate management, food and medicine refrigeration and even in treating respiratory conditions. Headquartered in Boston, Koura has commercial activities across the world, with operations in the United Kingdom, Mexico, United States, India and Japan.
About Foosung Co. Ltd.
Foosung Co. Ltd. leads the fluorochemical industry with proven high-quality products based on its 40-year experiences in fluorochemical technology and advanced production knowledge. Foosung provides its best-in-class chemical products within specialty gas, secondary battery materials, inorganic fluorine compounds and refrigerants. To put this into perspective, South Korea's environmental regulation has set a high entry barrier into the market for refrigerants, semiconductor gases and other fluorine products, making Foosung the sole producer and seller within the nation, as well as a globally competitive manufacturing company. Foosung will not satisfy with the present but pursue sustainable growth by investing in the future industry. We will continue our efforts to improve quality of life and to create a cleaner future by manufacturing eco-friendly products through our innovative technology.
Kacy Karlen
Global Head of Communications, Orbia
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865-410-3001
For Fluorinated Solutions inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.
ANN ARBOR, Mich.--(BUSINESS WIRE)--#customersatisfaction--Residential customer satisfaction with the energy utilities sector overall creeps up 0.3% to 72.2 (on a scale of 0 to 100), according to the American Customer Satisfaction Index Energy Utilities Study 2021-2022.
Of the three categories measured in the report, cooperative energy utilities, unchanged at 73, now share the top spot with municipal energy utilities, up 2.8% year over year. Investor-owned energy utilities are just behind the leaders, with a steady ACSI score of 72.
Following three straight years of decline, natural gas service is stable at 75. It still outpaces electricity, which is unchanged at 71.
“While overall customer satisfaction remains relatively stable in the energy utilities sector, there is movement in the municipal category that raises some eyebrows,” says David VanAmburg, Managing Director at the ACSI. “The progress of the smaller group of municipal energy utilities has the greatest impact on the industry itself, but CPS Energy’s 14% recession year over year is hard to ignore. Clearly, the utility’s satisfaction shows long-lasting damage stemming from last year’s devastating winter storm in Texas and its aftermath.”
CenterPoint Energy separates itself among investor-owned energy utilities
Customer satisfaction with investor-owned energy utilities is unchanged at an ACSI score of 72.
CenterPoint Energy takes sole possession of first place after improving 3% to 78. A stable Atmos Energy is next at 76, followed by NextEra Energy (down 1%), Southern Company (unchanged), and WEC Energy Group (up 3%), all at 75. Dominion Energy inches up 1% to 74.
Four utilities sit just above the industry average with ACSI scores of 73: Berkshire Hathaway Energy (unchanged), Consolidated Edison (unchanged), NiSource (down 3%), and Sempra (up 1%).
The group of smaller investor-owned utilities bounces back 3% to the industry average of 72, tying with six other providers: Ameren (down 1%), CMS Energy (up 1%), Duke Energy (up 1%), Exelon (unchanged), PPL (down 3%), and Xcel Energy (unchanged).
Public Service Enterprise Group stumbles 3% to 71, just ahead of FirstEnergy, which slips 3% to 70. Five utilities tie at 69, all experiencing downturns: American Electric Power (down 1%), DTE Energy (down 5%), Edison International (down 4%), Entergy (down 4%), and National Grid (down 1%).
Despite being at the bottom of the industry, Eversource improves 2% to 66, and PG&E is stable at 61.
Salt River Project leads municipal energy utilities, while CPS Energy nosedives
Overall, customer satisfaction with municipal energy utilities increases 2.8% to an ACSI score of 73. After slipping last year, industry leader Salt River Project rises 1% to 76.
Smaller municipal energy utilities gain ground, climbing 3% to 73, while the Los Angeles Department of Water and Power holds steady at 68. CPS Energy falls to the bottom of the industry after plunging 14% to 63.
Smaller energy utilities move into cooperative category’s top spot
Cooperative energy utilities serving small rural communities maintain stable customer satisfaction overall with an ACSI score of 73.
The group of smaller cooperatives leads the industry after inching up 1% to 74. Following closely behind, Touchstone Energy is unchanged at 73.
The American Customer Satisfaction Index Energy Utilities Study 2021-2022 is based on interviews with 21,929 residential customers, chosen at random and contacted via email between January 11, 2021, and December 21, 2021. Download the study, and follow the ACSI on LinkedIn and Twitter at @theACSI.
No advertising or other promotional use can be made of the data and information in this release without the express prior written consent of ACSI LLC.
About the ACSI
The American Customer Satisfaction Index (ACSI®) has been a national economic indicator for 25 years. It measures and analyzes customer satisfaction with more than 400 companies in 47 industries and 10 economic sectors, including various services of federal and local government agencies. Reported on a scale of 0 to 100, scores are based on data from interviews with roughly 500,000 customers annually. For more information, visit www.theacsi.org.
ACSI and its logo are Registered Marks of the University of Michigan, licensed worldwide exclusively to American Customer Satisfaction Index LLC with the right to sublicense.
Denise DiMeglio 610-228-2102
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MIAMI--(BUSINESS WIRE)--#Italian--Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
UNIESSE ANNOUNCES EXPANSION OF MANUFACTURING AND ASSEMBLY PLANT IN PISA
Uniesse announces it will be moving its current assembly and manufacturing operations 5 Kilometers from their current location at Seven Stars main shipyard in Navicelli Pisa, Italy to the recently acquired Seven Stars location in Tombolo, Via Livornese, 1317, A 56121 Pisa, Italy, which will serve as its main base of operations for the company’s production line of yachts from 50’ to 72’.
The new facility will support the increased demand for the company’s Exuma product line which includes a full range of yachts 57’– 64’ LOA with options for the new Mercury Marine Verado 600HP engines, as well as 50’ – 61’ LOA with diesel inboard engine options from Cummins, MAN and Volvo Penta.
“We are very excited to have a new manufacturing platform in collaboration with Seven Stars to help expand production of our Exuma line of yachts, as well as our Capri line in the coming years,” said Rafael Barca, President and CEO of Uniesse. “The expanded facility will enable us to meet our current work in progress, while providing the ability to continue to grow Uniesse over the next decade.”
About Uniesse:
Uniesse yachts are one of the world’s most highly regarded luxury motor yacht lines in the world today. With administrative offices in South Florida, and manufacturing facilities in Pisa, Italy, Uniesse yachts are created by a dedicated Italian & American design team. Hand built in Italy, by a group of dedicated Uniesse stakeholders. This enables our yachts to rise to the upper echelon of one of the finest Italian built yachts in the world today. For more information contact: +1 (888) 504-5523 or visit www.uniesse.com.
Aileen Fan
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305-310-8218
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (“COP”) announced today the expiration and final results of its two pools of Exchange Offers as detailed below.
COP and certain of its subsidiaries have offered to exchange (the “Pool 1 Offer”) four series of notes issued by COP, ConocoPhillips Company (“CPCo”) and Burlington Resources LLC (“Burlington”) as described in the table below (collectively, the “Pool 1 Notes”) for a combination of cash and new 4.025% notes due 2062 issued by CPCo (the “New 2062 Notes”). The following table sets forth the aggregate principal amount of Pool 1 Notes validly tendered after 5:00 p.m., New York City time, on March 7, 2022 (the “Early Participation Deadline”) and at or prior to one minute after 11:59 p.m., New York City time, on March 21, 2022 (the “Expiration Date”).
Pool 1 Notes |
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Acceptance Priority Level |
CUSIP Number |
Title of Security |
Issuer |
Principal Amount Outstanding(1) |
Aggregate Principal Amount
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Aggregate Principal Amount
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1 |
20825CAQ7 |
6.50% Notes due 2039 |
COP |
$2,750,000,000 |
$1,162,146,000 |
$110,000 |
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2 |
20825VAB8 |
5.95% Notes due 2036 |
Burlington |
$500,000,000 |
$172,579,000 |
$1,100,000 |
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3 |
20825CAP9 |
5.90% Notes due 2038 |
COP |
$600,000,000 |
$249,920,000 |
$— |
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4 |
20826FAR7 |
5.95% Notes due 2046* |
CPCo |
$500,000,000 |
$170,008,000 |
$1,310,000 |
(1) The aggregate principal amount of each series of Pool 1 Notes outstanding as of the commencement of the Exchange Offers (as defined below) on February 22, 2022.
* Denotes a series of Pool 1 Notes for which the Exchange Consideration (as defined in the Offering Memorandum (as defined below)) will be determined taking into account the par call date, instead of the maturity date, in accordance with market practice.
COP and certain of its subsidiaries have also offered to exchange (the “Pool 2 Offer” and, together with the Pool 1 Offer, the “Exchange Offers”) five series of notes issued by CPCo, Burlington and Burlington Resources Oil & Gas Company LP (“BRO&G”) as described in the table below (collectively, the “Pool 2 Notes” and, together with the Pool 1 Notes, the “Old Notes”) for a combination of cash and new 3.758% notes due 2042 issued by CPCo (the “New 2042 Notes” and, together with the New 2062 Notes, the “New Notes”). The following table sets forth the aggregate principal amount of Pool 2 Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date.
Pool 2 Notes |
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Acceptance Priority Level |
CUSIP Number |
Title of Security |
Issuer |
Principal Amount Outstanding(1) |
Aggregate Principal Amount
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Aggregate Principal Amount
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1 |
208251AE8 |
6.95% Notes due 2029 |
CPCo |
$1,549,114,000 |
$353,429,000 |
$326,000 |
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2 |
12201PAN6 |
7.40% Notes due 2031 |
Burlington |
$500,000,000 |
$117,720,000 |
$— |
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3 |
20825UAC8 |
7.25% Notes due 2031 |
BRO&G |
$500,000,000 |
$99,672,000 |
$— |
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4 |
12201PAB2 |
7.20% Notes due 2031 |
Burlington |
$575,000,000 |
$127,626,000 |
$800,000 |
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5 |
718507BK1 |
7.00% Notes due 2029 |
CPCo |
$200,000,000 |
$87,507,000 |
$— |
(1) The aggregate principal amount of each series of Pool 2 Notes outstanding as of the commencement of the Exchange Offers on February 22, 2022.
The Exchange Offers expired at one minute after 11:59 p.m., New York City time, on March 21, 2022 and are being conducted upon the terms and subject to the conditions set forth in the Offering Memorandum, dated February 22, 2022 (the “Offering Memorandum”). Based on the amount of Old Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date and in accordance with the terms of the Exchange Offers, COP, CPCo, Burlington and BRO&G, as applicable, expect to accept, on the final settlement date (expected to be March 23, 2022), all of the Pool 1 Notes and Pool 2 Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date. As previously announced, all Old Notes validly tendered and not validly withdrawn at or prior to the Early Participation Deadline were accepted for exchange at the early settlement held on March 11, 2022.
Holders whose Old Notes are accepted for exchange will receive the Exchange Consideration (as defined in the Offering Memorandum), which is equal to the Total Consideration (as defined in the Offering Memorandum) previously announced for the applicable series of Old Notes less the early participation payment of $30 of principal amount of New 2062 Notes per $1,000 principal amount of Pool 1 Notes and $30 of principal amount of New 2042 Notes per $1,000 principal amount of Pool 2 Notes, as applicable. Holders whose Old Notes are accepted for exchange will receive in cash accrued and unpaid interest from the last applicable interest payment date to, but excluding, the date on which the exchange of such Old Notes is settled, less the amount of any pre-issuance interest on the New Notes exchanged therefor, and amounts due in lieu of fractional amounts of New Notes.
Based on the aggregate principal amount of Old Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date, CPCo expects to issue approximately $2,541,000 in aggregate principal amount of the New 2062 Notes and approximately $1,091,000 in aggregate principal amount of the New 2042 Notes on the final settlement date. These New 2062 Notes and New 2042 Notes will be fungible with $1,767,690,000 in aggregate principal amount of the New 2062 Notes and $783,545,000 in aggregate principal amount of the New 2042 Notes, respectively, issued by CPCo at the early settlement.
The Exchange Offers are only being made, and the New Notes are only being offered and will only be issued, and copies of the offering documents will only be made available, to holders of Old Notes (1) either (a) in the United States, that are “qualified institutional buyers,” or “QIBs,” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act or (b) outside the United States, that are persons other than “U.S. persons,” as that term is defined in Rule 902 under the Securities Act, in offshore transactions in reliance upon Regulation S under the Securities Act, or a dealer or other professional fiduciary organized, incorporated or (if an individual) residing in the United States holding a discretionary account or similar account (other than an estate or a trust) for the benefit or account of a non-“U.S. person,” and (2) (a) if located or resident in any Member State of the European Economic Area, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129), and consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the European Economic Area has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the European Economic Area may be unlawful under the PRIIPs Regulation; or (b) if located or resident in the United Kingdom, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA), and consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation (“Eligible Holders”). The Exchange Offers will not be made to holders of Old Notes who are located in Canada. Only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. There is no separate letter of transmittal in connection with the Offering Memorandum.
The New Notes have not been registered under the Securities Act or any state securities laws. Therefore, the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.
Holders are advised to check with any bank, securities broker or other intermediary through which they hold Old Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in the Exchange Offers before the deadlines specified herein and in the Offering Memorandum and eligibility certification. The deadlines set by each clearing system for the submission and withdrawal of exchange instructions will also be earlier than the relevant deadlines specified herein and in the Offering Memorandum and eligibility certification.
This news release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers are being made solely by the Offering Memorandum and eligibility certification and only to such persons and in such jurisdictions as is permitted under applicable law.
Global Bondholder Services Corporation has been appointed as the exchange agent and information agent for the Exchange Offers. Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Offering Memorandum and eligibility certification may be directed to Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or (212) 430-3774 (banks and brokers) or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Offering Memorandum and eligibility certification can be accessed at the following link: https://gbsc-usa.com/eligibility/cop.
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About ConocoPhillips
ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $91 billion of total assets and approximately 9,900 employees at Dec. 31, 2021. Production including Libya averaged 1,567 MBOED for the 12 months ended Dec. 31, 2021, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. For more information, go to www.conocophillips.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Dennis Nuss (media)
281-293-4733
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Eyelit Inc., a leader in Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions, announced today that Banneker Partners, an enterprise software focused investment firm, has made a growth investment in the company. Banneker’s software expertise, an umbrella of complementary holdings, and capital backing will further strengthen Eyelit’s smart factory solution set.
The Eyelit platform is well-positioned as the centerpiece to control, sense, and coordinate data sources using a tightly integrated, low-code solution. The Banneker investment in Eyelit will further the company’s pursuit in becoming the world leader in factory Digital Transformation Solutions.
“The next wave of solutions will focus on industry Internet of Things,” said Salil Jain, CEO of Eyelit. “We have built Eyelit to be a versatile platform that enables disparate systems to easily exchange timely information, ultimately providing proactive insight to adverse manufacturing situations. Using the information collected, Eyelit’s event manager and graphical scenario manager allow companies to sense and automatically respond, preventing expensive operations disruption. With Banneker behind us, Eyelit will accelerate its reach across industry and disrupt the global legacy solutions that exist today, with our low-code no-code solutions that are easy to deploy, maintain and provide a singular environment.”
“The market has long recognized Eyelit as an innovative technology leader in complex, high-value manufacturing spaces. Eyelit has delivered world-class solutions and proven its ability to operate as a trusted partner to global enterprises,” said Harjot Sachdeva, Operating Partner at Banneker Partners. “We are delighted to fuel this next stage of Eyelit’s growth as the company continues to solve the most critical problems faced in the manufacturing world,” added Terrance Bei, Principal at Banneker Partners.
About Eyelit
Eyelit Inc. is the leader in Manufacturing Execution (MES), Quality Management (QMS), and Automation solutions for visibility, control, and coordination of manufacturing operations for aerospace & defense, battery technology, electronics, medical device, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of smart factory and Industry 4.0 solutions, including Asset Management, Factory and Equipment Integration (Automation/IoT), Manufacturing Execution (MES), Recipe Management, Quality Management, and Business Process Management. These solutions enable customers to rapidly and cost-effectively optimize production and company processes. For more information, please visit www.eyelit.com.
About Banneker Partners
Banneker Partners invests in growing, mission-critical enterprise software businesses to drive sustainable long-term value. Banneker takes a partnership approach to support founders and management teams to achieve their goals by implementing proven best practices and making additional investments across functional areas including sales, marketing, product management, product development, professional services, and customer success and complements these growth initiatives with strategic acquisitions that are focused on enhancing customer value. Banneker has developed an in-depth understanding of manufacturing and supply chain solutions, which has led to a track record of successful partnership in these software businesses, including with companies like IQMS, Orbis MES, LevaData, and EverAg/Dairy.com. For more information, please visit www.bannekerpartners.com.
Gurminderjit Sandhu, This email address is being protected from spambots. You need JavaScript enabled to view it.
Duke Energy Florida Will Use Itron’s DER Optimizer Solution to Monitor Residential EV Charging
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DER--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and Duke Energy Florida, which supplies electrical services to 1.9 million customers throughout Florida, are collaborating to deploy Itron’s newly developed DER Optimizer solution, powered by its industry-leading demand response platform, IntelliSOURCE®.
Itron is expanding its IntelliSOURCE platform to be the foundation of a broader distributed energy resource management solution set, in recognition of the rapidly evolving landscape of DERs that utilities need to monitor, optimize and orchestrate to maintain grid reliability and safety and meet decarbonization goals. The DER Optimizer solution is a suite of modules that enables utilities to monitor residential electric vehicle (EV) charging and manage holistic residential EV charging programs at scale.
Duke Energy Florida will use its existing instance of IntelliSOURCE EnterpriseTM to deploy the new DER Optimization modules and run a new managed EV charging program. The program will identify and provide credits for EV owners to charge their vehicles during off-peak hours. Itron is integrating with a comprehensive EV telematics platform provided by Rolling Energy Resources, which connects to cars through their native APIs (Application Programming Interfaces) to allow easy on-boarding for customers and their vehicles into the program without needing to install additional hardware or communicating charging stations.
The program will begin in Q1 2022 and run for four years. During that time, Duke Energy Florida will use Itron’s DER Optimizer to collect permissible EV charging session data in near-real time and gain insights into residential EV charging behavior.
“As the first utility to deploy Itron’s DER Optimizer solution, Duke Energy is leading the way to better manage EV charging for residential consumers in Florida. The scalable solution will enable Duke Energy Florida to accommodate future growth of electric transportation within its service territory and discover best practices for residential EV Off Peak programs,” said Don Reeves, senior vice president of Outcomes at Itron. “Understanding the supply and demand of EV charging is critical. With Itron’s DER Optimizer solution, Duke Energy Florida will have a tool to do just that.”
Itron is a proven leader in distributed energy management, with programs active at 25 utilities, representing over 1 GW of connected load and 1.5 million enrolled devices. DER Optimizer expands the capabilities of Itron’s IntelliSOURCE DER management platform to connect to and control a wide range of residential DERs, including electric vehicles, smart inverters, smart thermostats, grid-integrated water heaters, energy management systems and other devices. DER Optimizer features near-real time analytics and optimization that provide DER program managers, grid planners and grid operators with a new class of actionable insights and control capabilities designed to help utilities successfully accommodate a high penetration of DERs. To learn more, please visit the DER Optimizer product page on itron.com.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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DUBLIN--(BUSINESS WIRE)--The "Global Perforating Gun Market by Gun Type (Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP), Well Type (Horizontal, Vertical), Application (Onshore, Offshore), Pressure, Depth, Type, Orientation, Explosives, Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global perforating gun market is projected to reach USD 1.4 billion by 2027 from an estimated market size of USD 1.1 billion in 2022, at a CAGR of 5.6% during the forecast period.
Tubing Conveyed perforation system gun type segment dominates the global market
The perforating gun market, by gun type, is segmented into through tubing hollow carrier gun system, wireline conveyed casing gun system, through tubing exposed gun system and tubing conveyed perforation system. The tubing conveyed perforation system is estimated to have the largest market share. The versatile nature and the high operational efficiency of these gun systems are expected to drive through tubing perforation system, which consequently increases the demand of perforating gun.
Onshore segment to lead the global perforating gun market
The onshore application segment holds the largest share in the perforating gun market, followed by offshore. Onshore exploration and re-exploration activities is expected to fuel the growth of onshore perforating gun market during the forecast period.
North America dominates the global perforating gun market in terms of annual growth rate
The North America region is estimated to be the largest market for the perforating gun market, followed by Asia Pacific. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The growth of the North American perforating gun market is expected to be driven by increasing E&P activities concerned with shale and tight oil reserves.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/s76fo2
ResearchAndMarkets.com
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Toshi Tajima Brings Decades of Expertise in Plasma Physics and Fusion Energy to IUPAP Commission
FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--TAE Technologies, the world’s leading developer of clean fusion, is pleased to announce the appointment of Chief Science Officer (CSO) Dr. Toshi Tajima to the International Union of Pure and Applied Physics (IUPAP) Commission 16 on Plasma Physics.
IUPAP strives to promote collaboration among members of the global physics community, particularly to address urgent problems such as infectious disease and climate change.
Tajima will serve a four-year term on the Commission, which specializes in the field of plasma physics for applications such as fusion energy.
“We are pleased to have Toshi join IUPAP, and we believe he will play an integral role in educating our community about fusion energy and technology. Toshi’s expertise will take us to the next level in understanding the role of fusion technology in making sustainable energy choices for the future,” said Michel Spiro, President of IUPAP.
The IUPAP Commission is working toward meeting the 17 Sustainable Development Goals identified in the United Nations’ 2030 Agenda, which range from affordable and clean energy to creating sustainable communities. To aid in this effort, the Commission has joined forces with CERN (The European Organization for Nuclear Research), UNESCO, and over 100 international scientific unions and research organizations to demonstrate how basic sciences can be the key to resolving these pressing challenges. The UN General Assembly has since designated 2022 as the International Year of Basic Sciences for Sustainable Development (IYBSSD2022), during which Tajima will spearhead dialogue among plasma physicists to help meet these goals.
“I am honored to have the opportunity to represent the IUPAP and to be able to work to solve some of the most pressing energy problems at the intersection of fusion innovation and climate change. I’m excited for the chance to share my knowledge and expertise with others, and to learn from new connections about where we can improve in fusion energy,” said Tajima.
In addition to serving as TAE’s CSO, Tajima is the Norman Rostoker Chair Professor of Physics and Astronomy at the University of California Irvine (UCI), where he researches accelerator physics, plasma physics, fusion, laser physics, astrophysics, and medical applications of physics. He builds on the legacy established by noted plasma physicist Dr. Norman Rostoker, the technology co-founder of TAE. Tajima was Dr. Rostoker’s first UCI-educated Ph.D. student.
Dr. Tajima has also been the chairman of multiple organizations, including the International Committee for Ultrahigh Intensity Lasers, Extreme Light Infrastructure-nuclear Physics, International Science Advisory Board, and Deputy Director of the International Center for Zetta-Exawatt Science and Technology. He is the recipient of many prestigious awards, including the Robert Wilson Prize, the Hannes Alfven Prize, the Enrico Fermi Prize, the Nishina Memorial Prize, the Blaise Pascal Chair Award, and the Einstein Professorship. He received his Ph.D. in Physics from UCI in 1975 and has since authored over 600 papers and eight books on accelerator physics, plasma physics, fusion, laser physics, astrophysics, and medical applications of physics.
The International Year of Basic Sciences for Sustainable Development will hold an opening conference on July 8, 2022 at UNESCO headquarters in Paris, with additional events organized around the world through June 2023.
For more information about TAE Technologies and fusion energy, please visit www.tae.com.
About TAE Technologies
TAE Technologies (pronounced T-A-E) was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company’s pioneering work represents the fastest, most practical, and economically competitive solution to bring abundant clean energy to the grid. With over 1,700 patents filed and over 1,100 issued; more than $1 billion in private capital; five generations of National Laboratory-scale devices built and two in development; and an experienced team of over 250 employees, TAE is now on the cusp of delivering this transformational energy source capable of sustaining the planet for thousands of years.
The company’s revolutionary technologies have produced a robust portfolio of commercial innovations in large adjacent markets such as power management, energy storage, transmission, electric mobility, life sciences, and more. TAE is based in California, and maintains international offices in the UK and Switzerland. Multidisciplinary and mission-driven by nature, TAE is leveraging proprietary science and engineering to create a bright future.
Media
Alex Autry
Silverline Communications
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DUBLIN--(BUSINESS WIRE)--The "Europe Environmental Consulting Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type, Media Type, and Vertical" report has been added to ResearchAndMarkets.com's offering.
According to this research study titled "Europe Environmental Consulting Services Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Service Type, Media Type, and Vertical," the market is expected to reach US$ 11,954.86 million by 2028 from US$ 8,356.29 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the Europe environmental consulting services market along with the drivers and restraints pertaining to the market growth.
The rising adoption of renewable technologies for a cleaner and greener environment is the major factor driving the growth of the Europe environmental consulting services market. However, issues associated with lack of attention in regulatory compliance hinder the growth of Europe's environmental consulting services market.
Owing to the COVID-19 outbreak, electronics equipment manufacturing and sales have been affected massively. The outbreak restricted the supply chain in various countries in Europe. The member states of Europe such as Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of COVID-19 among their citizens. European countries represent a major share in the market as Europe has the highest environmental safety standards in the world. However, due to the COVID-19 outbreak, the manufacturing of various electronic devices and associated environmental consulting services equipment's witnessed a sharp decline in European countries and are expected to be under stress in 2020, and they will require time to stabilize. Furthermore, the recent imposition of containment measures owing to the outbreak of newly mutated strain is expected to hamper the growth of the environmental consulting services market in Europe till the first two quarters of 2021.
AECOM; Antea Group; Arcadis N.V.; Bechtel Corporation; ERM Group, Inc.; Golder Associates; Jacobs Engineering Group Inc.; John Wood Group PLC; Ramboll Group A/S; SLR Consulting; Stantec Inc.; and Tetra Tech Inc. are among the leading companies in the Europe environmental consulting services market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Jacobs Engineering Group Inc. announced it has signed a contract with NIRAS/ONDRAF, a Belgian agency for radioactive waste management. Under the agreement, Jacobs Engineering Group Inc. is awarded a framework contract covering new treatment and storage facilities for radioactive waste projects in Belgium.
The report segments the Europe Environmental Consulting Services Market as follows:
Europe Environmental Consulting Services Market - By Service Type
Europe Environmental Consulting Services Market - By Media Type
Europe Environmental Consulting Services Market - By Vertical
Europe Environmental Consulting Services Market - By Country
Key Industry Dynamics
Market Drivers
Market Restraints
Future Trends
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/g0lrsz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Upgrade to Exahash targets – 4 Exahash by Q3 2022, 5.5 Exahash by early Q1 2023
808 Self-mined Bitcoin produced in FY 2021
New 100-megawatt facility in Pennsylvania, USA signed
100-megawatt expansion at Georgia, USA facility commenced
In early 2022, 100 megawatt hosting customer agreement executed and $20M debt facility secured with Celsius Mining LLC
First revenues from Mawson’s Hosting Co-location business
SYDNEY & NEW YORK CITY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to announce financial highlights and financial results, for the fourth quarter and full year ended December 31, 2021.
Q4 2021 Financial and Business Highlights
Full Year 2021 Financial and Business Highlights
Subsequent to Quarter End
2022 Strategic Focus
James Manning, CEO and Founder of Mawson Infrastructure, said, "FY 2021 was a transformational year for our business. We significantly increased our Bitcoin self-mining operational footprint, producing a record 808 Bitcoin, increased revenue 886% to $43.9 million, increased our gross profit 2526% to $34.0 million, and posted a record $17.9 million of non-GAAP EBITDA.
We also successfully launched our Luna Squares hosting co-location business, signed a new large-scale facility in Midland, Pennsylvania and materially expanded the size of our Sandersville, Georgia Bitcoin mining facility. We also launched our first Australian facility in 2021 as well as listing on the Nasdaq late in Q3.
The Mawson team have put in a phenomenal effort these past 12 months and for that I am very grateful. We enter 2022 with a large bitcoin self-mining business, and a large scale hosting co-location business and I’m very excited for what 2022 has in store.”
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation mobile data centre (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.
For more information, visit: www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 21, 2022 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on November 15, 2021, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
Investor Contact:
Brett Maas
646-536-7331
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www.haydenir.com
DUBLIN--(BUSINESS WIRE)--The "Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, PS, CA), Application (N2 Generation & O2 Enrichment, HR, CO2 removal, Vapor/Gas Separation, Vapor/Vapor Separation, AD), Module (SW, HF) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period.
Polyimide & polyaramide accounted for the largest share amongst other material types in the gas separation membranes market
The polyimide & polyaramide segment is the largest and is also projected to continue this trend till 2026. The key growth driver of the high consumption of this material type is owing to properties such as good permeation rates, good selectivity, high chemical and thermal stability, mechanical strength, and good film-forming properties. Polyimide & polyaramide gas separation membranes are used for separating one or more gases from a gaseous mixture as they exhibit good permeation rates with good selectivity. Polyimide membranes have increased demand for gas separation owing to their superior permeability and stability. Polyimide & polyaramide membranes have increasing demand in carbon dioxide removal application.
Carbon dioxide removal segment accounted for the largest market share amongst other applications in the gas separation membranes market
The carbon dioxide removal segment is the largest consumer of gas separation membranes. Carbon dioxide is commonly found in natural gas, and its separation is necessary to meet pipeline requirements or other specifications. Also, in carbon capture and storage (CCS) processes, carbon dioxide has to be separated from the exhaust gas streams before the subsequent transportation and storage. Membrane gas separation technology is one of the efficient solutions for carbon dioxide removal as it is more compact, energy-efficient, and possibly more economical than conventional technologies, such as solvent absorption. The presence of reservoirs and increasing demand for shale gas drive the demand for carbon dioxide removal, which is further increasing the demand for gas separation membranes in the carbon dioxide removal application.
APAC is projected to grow the fastest in the gas separation membranes market during the forecast period
APAC is the fastest-growing market for gas separation membranes. This growth is primarily credited to the expanding demand for natural gas, biogas, and other environmentally sustainable energy solutions in developing economies, such as India, China, Indonesia, Malaysia, and others in the region. Moreover, growth in population and increasing urbanization rate are also driving the industrial growth and energy demand. In addition, growth in industrialization, increasing demand due to changing demographics, and government initiatives to attract business investments in industries such as power, oil & gas, packaging, metal processing & fabrication, and electronics are also driving the market for gas separation membranes in the region.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hly5p6.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LA PLATA, Md.--(BUSINESS WIRE)--The Wills Group, including its family of businesses, Dash In, Splash In ECO Car Wash, and SMO Motor Fuels, is proud to announce today that it has been Certified™ by Great Place to Work® as one of the nation’s top employers in 2022.
Great Place to Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. This prestigious award is based solely on what current employees say about their experience working for their employer. This year, 82 percent of Wills Group survey respondents said the company is a great place to work, compared to a 57 percent survey response in a typical U.S.-based company.
“Great Place to Work Certification™ isn’t something that comes easily – it takes ongoing dedication to the employee experience,” said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work. “It’s the only official recognition determined by employees’ real-time reports of their company culture. Earning this designation means that the Wills Group is one of the best companies to work for in the country.”
81 percent of survey respondents also agreed that the Wills Group has special and unique benefits, with 88 percent agreeing that they were made to feel welcome upon joining the company, and 90 percent noted feeling good about how the organization contributes to the community through its signature Community Engagement Program initiatives: Ending Childhood Hunger and Enhancing Outdoor Spaces.
“We are thrilled to be Great Place to Work-Certified™, as employee engagement is a top priority at the Wills Group,” said Blackie Wills, President and Chief Operating Officer of the Wills Group. “It reflects how we continue to invest in building a great culture, providing rich benefits, and instilling a sense of purpose that our employees and communities can embrace. That purpose being keeping Lives in Motion.”
According to Great Place to Work research, individuals looking for a job are 4.5 times more likely to find a great boss at a Certified™ workplace. Employees at Certified workplaces are also 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits, and have a fair chance at promotion.
“Our Wills Group, Dash In, Splash In ECO Car Wash, and SMO Motor Fuels teams come to work for more than just a paycheck,” said Mark Oliver, Executive Vice President, Talent and People Operations with the Wills Group. “They tell us that they are here to learn, make contributions, and make an impact.”
The Wills Group employee benefits and rewards program includes college tuition reimbursement options and reimbursement for earning a Graduate Equivalency Degree (GED). The company also offers one of the most generous 401k programs in their industry and comprehensive health insurance, maternity, and paternity leave. It now also offers pet insurance to all eligible employees. The Wills Group has also reinvested in its all-new headquarters located in La Plata, Maryland, to provide employees with an engaging and collaborative environment that offers the tools they need to be productive.
To learn more about career opportunities with the Wills Group, please visit willsgroup.com/careers.
About the Wills Group, Inc.
Headquartered in La Plata, Maryland, the Wills Group has 277 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers, employees, and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.
About Great Place to Work Certification™
Great Place to Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.
About Great Place to Work
Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces in the U.S. and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All.™
Rayma Alexander
The Wills Group
301-636-0251
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Jim Healy
Alluvus
202-332-6690
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WEST SPRINGFIELD, Mass.--(BUSINESS WIRE)--Through an exclusive licensing agreement, ESG Clean Energy, LLC, developers of net zero carbon footprints and clean energy solutions for distributed power generation, announced today it acquired a new patent (no. 11,286,832) issued by the U.S. Patent and Trademark Office for a Bottoming Cycle Power System and its related impact to carbon capture technology.
This is the latest patent acquired for ESG’s growing portfolio of advanced power generation technologies that make natural-gas fueled power generation maintain high efficiency without losing energy in the carbon capture process. This makes the process of capturing carbon dioxide more economically feasible and more environmentally friendly.
This new patent covers the invention of an “exhaust-gas-to-exhaust-gas heat exchanger” that efficiently cools – and then reheats – exhaust from a primary power generator so greater energy output can be achieved by a secondary power source with safe ventilation. Another key aspect of the new patent is the development of a carbon dioxide capture system that utilizes the waste heat of the carbon dioxide pump to heat and regenerate the adsorber that enables the CO2 to be safely contained and packaged.
“Acquiring this patent greatly expands our ability to better capture carbon – and use it to make something beneficial – whenever natural gas is used to produce electricity,” said Nick Scuderi, president of ESG Clean Energy. “It’s very important progress for a world that’s forced to still depend on fossil fuels while trying to meet new emissions standards. Until the renewable power industry can meet the rising global power demands, this technology addresses that challenge tremendously.”
ESG is finalizing a 4.2-megawatt power generation plant in Holyoke that will utilize this and other patents.
For more information about ESG Clean Energy, please visit www.ESGcleanEnergy.com.
About ESG Clean Energy, LLC
ESG Clean Energy, LLC (ESG) develops net zero carbon footprints and clean energy solutions for businesses and power providers using natural gas. The ESG system utilizes patented, off-the-shelf technology to efficiently produce electricity while capturing and converting 100% of the carbon dioxide and water vapor, which can be used in the production of various commodities, such as distilled water, ethanol, and urea. More information about ESG Clean Energy and its technology can be found at www.ESGcleanEnergy.com.
Bill Wrinn
978-559-1970
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
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