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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


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ResearchAndMarkets.com
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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


Contacts

Heliogen Media Contact:
Cory Ziskind
ICR, Inc.
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Heliogen Investor Contact
Louis Baltimore
VP, Investor Relations
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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

 

Mar.
2022

Dec.
2021

Aug.
2021

Apr.
2021

Dec.
2020

Sep.
2020

How would you rate the condition of your personal finances? (Reporting “Excellent” and “Good” responses.)

 

Q1 2022 Survey: Confidence in personal finances reported, consistent with previous reports.

 

60%

64%

65%

67%

57%

64%

Overall, would you say your income is…? (Reporting “Falling behind the cost of living” responses.)

 

Q1 2022 Survey: Concern about meeting increased cost of living remains high.

 

67%

68%

65%

56%

59%

50%

Do you have an emergency fund that would cover an expense of $1,000 or more (for example, if your car broke down or you had a large medical bill)? (Reporting “Yes” responses.)

 

Q1 2022 Survey: About the same percentage have an emergency fund that would cover an expense of $1,000 or more.

 

62%

60%

65%

66%

56%

61%

How would you rate the economic health of your community? (Reporting “Not so good” and “Poor” responses.)

 

Q1 2022 Survey: Half rate the economic health of their community negatively.

 

52%

50%

54%

52%

57%

45%

How would you rate your ability to save for the future? (Reporting “Not so good” and “Poor” responses.)

 

Q1 2022 Survey: Over 60% feel it will be difficult to save for the future, consistent with previous survey.

 

66%

62%

63%

58%

65%

54%

In the past three months, has your credit card debt…? (Reporting “Increased” responses.)

 

Q1 2022 Survey: Credit card debt remained around same level in the past three months.

25%

28%

21%

18%

25%

21%

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”.


Contacts

Gana Ahn
Head of Public Relations I Primerica
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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.


Contacts

Bolder Industries Contact
Jessica Hogan
Vice President of Communications
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(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


Contacts

Media:
Jennifer Pflieger
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+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:

“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.


Contacts

Peter Ramsay
Global Results Communications
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949.307.5908

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.


Contacts

Enquiries:

LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 154 9300
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Novus Communications
Alan Green
+44 (0)207 448 9839

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

RUEIL MALMAISON, France--(BUSINESS WIRE)--On March 7th of 2022, Sagemcom has been selected by Groupe E for the delivery of its SICONIA Software suite composed of:


- A “Multi-energy and scalable Head-End System (HES)”, embedding a Hardware Security Module (HSM) based Key Management System (KMS) complying will state-of-the art industry security standards, and with all swiss and Groupe E security requirements;

- A “Big data-based Meter Data Management system (MDMS)” including analytics, Business Intelligence and advanced integration capabilities with Groupe E IS ecosystem including SAP.

“Digital solutions make it possible, to collect, process and enhance metering data in increasingly complex grids” said Mr. Eric RIEUL, CEO of Sagemcom Energy & Telecom. “As a mission-driven company, Sagemcom is fully committed for a clean and sustainable energy transition. Sharing these values together, we are very proud to support Groupe E by providing our End-to-End smart metering solution. This large-scale project is the beginning of the Smart Grid journey in Switzerland and a long-term partnership with Groupe E”.

In addition to the meter-to-cash services, Sagemcom’s SICONIA Software Suite (HES, MDMS) will allow Groupe E to take a step forward and enable a large set of smart grid services and use cases such as the management of distributed energy resources (Renewable energy resources, Electric Vehicles charging points, etc.), the improvement of flexibility services, the management of individual and grouped self-consumption, the improvement of the Quality of Supply and other grid oriented services. With the digitization of the low-voltage network, Sagemcom and Groupe E aim to further enhance grid management with analytics capabilities.

"The deployment of smart meters represents a key step in the decarbonization process. In this sense, we are convinced that Sagemcom is the best partner to help us carry out our mission and accompany our customers in their energy transition", said Mr. Jacques MAURON, CEO of Groupe E.

As part of Sagemcom’s managed services offer, the solution will be delivered to Groupe E in SaaS (Software as a Service) mode, as Sagemcom will take care of the IT hosting and monitoring, security management, and support and maintenance services to allow Groupe E to focus on the business operations of the solution.

This project will last at least 8 years and will cover Groupe E service areas in the canton of Fribourg, Vaud and Neuchâtel.

About Sagemcom

Thanks to the innovative solutions designed and built by our people, Sagemcom provides access to broadband Internet, entertainment and managed energy supply to the greatest number all over the world.

As a “mission-driven company” since January 2022, Sagemcom makes sure that the design, construction and use of these solutions are sustainable, and fulfil the environmental and societal commitments that are known and shared by all our employees, partners and stakeholders.

In LBO since its 2008 carve-out with Safran, Sagemcom group entered its fourth LBO in 2019, with Charterhouse as the majority shareholder. Sagemcom is 30% owned by its employees, achieves over €2.2 billion turnover, is world leader in its markets, has been profitable since it was founded, and has been growing continuously since 2016.

www.sagemcom.com // https://www.linkedin.com/company/sagemcom // www.facebook.com/SagemcomOfficial // https://twitter.com/Sagemcom // https://www.instagram.com/sagemcom_inside


Contacts

Media Contact
Sylvaine COULEUR (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.


Contacts

10Fold for Librestream:
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Raju Chouthai, Librestream India:
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Sarah Ekenberg, Director, PR & Communications, Librestream:
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INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission today announced it has received certification from the California Air Resources Board (CARB) for the model year 2022 eGen Flex™ electric hybrid propulsion system paired with Cummins B6.7 and L9 engines. Since 2014, Allison has received annual certification from CARB for the Allison H 40/50 EP™ propulsion system. For the first time this year, the certification was awarded for the eGen Flex, the company’s newest electric hybrid solution for transit buses and coaches.


Introduced in 2020, the eGen Flex electric hybrid system is capable of traveling in electric-only mode for up to 10 consecutive miles or 50 minutes. This electric-only mode can be utilized multiple times per route and per day. In real world revenue service, Allison’s eGen Flex has demonstrated the ability to operate in full engine off mode for more than 50% of its time in operation across multiple routes within one of North America’s largest transit fleets. The eGen Flex is further capable of eliminating engine emissions and noise while loading and unloading passengers, in dense pedestrian areas, and in zero emission zones and bus depots. In addition, the eGen Flex improves fuel consumption by up to 25% versus a conventional diesel bus.

“We are thrilled to receive CARB’s certification for the eGen Flex, Allison’s latest innovation in electric hybrid propulsion technology,” said Barbara Chance, Director of Mobile Source Regulatory Compliance for Allison Transmission. “The H 40/50 EP legacy system was the first electric hybrid propulsion system to be certified in California for transit buses and coaches. We’re honored to now collaborate with CARB to earn certification for the eGen Flex, which provides revolutionary capabilities for public transit.”

The Cummins B6.7 and L9 diesel-electric hybrid engines feature proven technology designed and developed in-house that is optimized to deliver the efficiency, durability and performance on which transit bus customers depend. The B6.7 diesel-electric hybrid engine is rated at 280 hp (209kW) while the L9 diesel-electric hybrid engine is rated at 330 hp (246kW) for the transit bus market.

“Cummins is excited to have received the necessary CARB certifications for the integration of our engines into Allison’s next generation electric hybrid propulsion system,” said Francisco Lagunas, General Manager, North America Bus Business, Cummins Inc. “We believe the latest Cummins and Allison clean diesel power system will provide our bus customers an even more reliable and environmentally-friendly powertrain to help them be as successful as possible.”

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

About Cummins

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.


Contacts

Claire Gregory
Director, Global External Communications
Allison Transmission
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(317) 694-2065

Jon Mills
Director, External Communications
Cummins Inc.
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(317) 658-4540

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.


Contacts

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

DALLAS--(BUSINESS WIRE)--Navigator Energy Services (Navigator) announced today that Ken Reasnor has joined the company as Senior Vice President of Commercial. Reasnor brings over two decades of extensive knowledge of the crude oil industry with significant experience in market analysis, logistics, and asset management in the Midcontinent region of the United States.



As Senior Vice President of Commercial, Reasnor will lead the day-to-day management of commercial and business development, including the attraction of new merchant volumes and related service offerings. Reasnor will also spearhead the continued expansion of the downstream interconnectedness of the Navigator Midcontinent platform, providing customers a neat crude delivery for Cushing originated volumes. Reasnor’s strong reputation and relationships, developed during his 27 years in the energy industry, provides Navigator with a unique skillset to capitalize on its industry leading footprint and service offerings to unlock additional value for all stakeholders in the Midcontinent.

Prior to joining Navigator, Reasnor served as Director of Oil Marketing at Plains Marketing, L.P. where he was responsible for managing and directing the Midcontinent region’s business unit and increasing the company’s monthly supply and profitability. During his tenure at Plains, Reasnor also served as Director of Oil Marketing for the Oklahoma Business Unit and Senior Oil Purchasing Representative.

“Ken is the ideal person to lead Navigator’s next chapter of growth,” said Matt Vining, Navigator Chief Executive Officer. “His track record of success and integrity are entirely consistent with Navigator’s, and his unique position in the marketplace provides our platform immediate value. We couldn’t be more excited to welcome him to the team.”

An Oklahoma resident, Reasnor also serves as a board member for the Harold Hamm Diabetes Center Advisory Board and is a member of the Petroleum Alliance of Oklahoma. He holds a Bachelor of Science degree in Business Administration from Oklahoma State University.

About Navigator Energy Services

Navigator Energy Services provides comprehensive midstream services including product gathering, transportation and sequestration. The company is committed to building and operating all of our projects to meet and often exceed safety requirements, while minimizing the collective impact to the environment, landowners and the public during construction and ongoing operations. More information is available at www.nesmidstream.com.


Contacts

Meredith Howard
Redbird Communications Group
(210) 737-4478
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  • 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.

HALLIBURTON COMPANY

Condensed Consolidated Statements of Operations

(Millions of dollars and shares except per share data)

(Unaudited)

 

 

Three Months Ended

 

March 31

 

December 31

 

2022

 

2021

 

2021

Revenue:

 

 

 

 

 

Completion and Production

$

2,353

 

 

$

1,870

 

 

$

2,356

 

Drilling and Evaluation

 

1,931

 

 

 

1,581

 

 

 

1,921

 

Total revenue

$

4,284

 

 

$

3,451

 

 

$

4,277

 

Operating income:

 

 

 

 

 

Completion and Production

$

296

 

 

$

252

 

 

$

347

 

Drilling and Evaluation

 

294

 

 

 

171

 

 

 

269

 

Corporate and other

 

(57

)

 

 

(53

)

 

 

(66

)

Impairments and other charges (a)

 

(22

)

 

 

 

 

 

 

Total operating income

 

511

 

 

 

370

 

 

 

550

 

Interest expense, net

 

(107

)

 

 

(125

)

 

 

(108

)

Loss on early extinguishment of debt (b)

 

(42

)

 

 

 

 

 

 

Other, net

 

(30

)

 

 

(22

)

 

 

(24

)

Income before income taxes

 

332

 

 

 

223

 

 

 

418

 

Income tax benefit (provision) (c)

 

(68

)

 

 

(52

)

 

 

409

 

Net income

$

264

 

 

$

171

 

 

$

827

 

Net income attributable to noncontrolling interest

 

(1

)

 

 

(1

)

 

 

(3

)

Net income attributable to company

$

263

 

 

$

170

 

 

$

824

 

Basic and diluted net income per share

$

0.29

 

 

$

0.19

 

 

$

0.92

 

Basic weighted average common shares outstanding

 

899

 

 

 

889

 

 

 

896

 

Diluted weighted average common shares outstanding

 

903

 

 

 

889

 

 

 

896

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

See Footnote Table 1 for details of the impairments and other charges recorded during the three months ended March 31, 2022.

(b)

During the three months ended March 31, 2022, Halliburton recognized a $42 million loss on extinguishment of debt related to the early redemption of $600 million aggregate principal amount of senior notes.

(c)

The tax provision includes the tax effect on the loss on early extinguishment of debt and impairments and other charges during the three months ended March 31, 2022. During the three months ended December 31, 2021, based on improved market conditions, Halliburton recognized a $504 million tax benefit, primarily associated with a partial release of a valuation allowance on its deferred tax assets.

See Footnote Table 1 for Reconciliation of As Reported Operating Income to Adjusted Operating Income.

See Footnote Table 2 for Reconciliation of As Reported Net Income to Adjusted Net Income.

HALLIBURTON COMPANY

Condensed Consolidated Balance Sheets

(Millions of dollars)

(Unaudited)

 

 

March 31

 

December 31

 

2022

 

2021

Assets

Current assets:

 

 

 

Cash and equivalents

$

2,154

 

 

$

3,044

 

Receivables, net

 

4,026

 

 

 

3,666

 

Inventories

 

2,578

 

 

 

2,361

 

Other current assets

 

959

 

 

 

872

 

Total current assets

 

9,717

 

 

 

9,943

 

Property, plant, and equipment, net

 

4,270

 

 

 

4,326

 

Goodwill

 

2,850

 

 

 

2,843

 

Deferred income taxes

 

2,743

 

 

 

2,695

 

Operating lease right-of-use assets

 

913

 

 

 

934

 

Other assets

 

1,580

 

 

 

1,580

 

Total assets

$

22,073

 

 

$

22,321

 

 

 

 

 

Liabilities and Shareholders’ Equity

Current liabilities:

 

 

 

Accounts payable

$

2,561

 

 

$

2,353

 

Accrued employee compensation and benefits

 

434

 

 

 

493

 

Current portion of operating lease liabilities

 

237

 

 

 

240

 

Other current liabilities

 

1,212

 

 

 

1,220

 

Total current liabilities

 

4,444

 

 

 

4,306

 

Long-term debt

 

8,530

 

 

 

9,127

 

Operating lease liabilities

 

815

 

 

 

845

 

Employee compensation and benefits

 

460

 

 

 

492

 

Other liabilities

 

791

 

 

 

823

 

Total liabilities

 

15,040

 

 

 

15,593

 

Company shareholders’ equity

 

7,017

 

 

 

6,713

 

Noncontrolling interest in consolidated subsidiaries

 

16

 

 

 

15

 

Total shareholders’ equity

 

7,033

 

 

 

6,728

 

Total liabilities and shareholders’ equity

$

22,073

 

$

22,321

HALLIBURTON COMPANY

Condensed Consolidated Statements of Cash Flows

(Millions of dollars)

(Unaudited)

 

 

 

Three Months Ended

 

 

March 31

 

 

2022

 

2021

Cash flows from operating activities:

 

 

 

Net income

$

264

 

 

$

171

 

Adjustments to reconcile net income to cash flows from operating activities:

 

 

 

Depreciation, depletion, and amortization

 

232

 

 

 

226

 

Impairments and other charges

 

22

 

 

 

 

Working capital (a)

 

(386

)

 

 

59

 

Other operating activities

 

(182

)

 

 

(253

)

Total cash flows provided by (used in) operating activities

 

(50

)

 

 

203

 

Cash flows from investing activities:

 

 

 

Capital expenditures

 

(189

)

 

 

(104

)

Proceeds from sales of property, plant, and equipment

 

56

 

 

 

58

 

Other investing activities

 

(22

)

 

 

(16

)

Total cash flows used in investing activities

 

(155

)

 

 

(62

)

Cash flows from financing activities:

 

 

 

Payments on long-term borrowings

 

(640

)

 

 

(188

)

Dividends to shareholders

 

(108

)

 

 

(40

)

Other financing activities

 

80

 

 

 

5

 

Total cash flows used in financing activities

 

(668

)

 

 

(223

)

Effect of exchange rate changes on cash

 

(17

)

 

 

(35

)

Decrease in cash and equivalents

 

(890

)

 

 

(117

)

Cash and equivalents at beginning of period

 

3,044

 

 

 

2,563

 

Cash and equivalents at end of period

$

2,154

 

 

$

2,446

 

 

 

(a)

Working capital includes receivables, inventories, and accounts payable.

See Footnote Table 3 for Reconciliation of Cash Flows from Operating Activities to Free Cash Flow

HALLIBURTON COMPANY

Revenue and Operating Income Comparison

By Operating Segment and Geographic Region

(Millions of dollars)

(Unaudited)

 

 

Three Months Ended

 

March 31

 

December 31

Revenue

2022

 

2021

 

2021

By operating segment:

 

 

 

 

 

Completion and Production

$

2,353

 

 

$

1,870

 

 

$

2,356

 

Drilling and Evaluation

 

1,931

 

 

 

1,581

 

 

 

1,921

 

Total revenue

$

4,284

 

 

$

3,451

 

 

$

4,277

 

 

 

 

 

 

 

By geographic region:

 

 

 

 

 

North America

$

1,925

 

 

$

1,404

 

 

$

1,783

 

Latin America

 

653

 

 

 

535

 

 

 

669

 

Europe/Africa/CIS

 

677

 

 

 

634

 

 

 

730

 

Middle East/Asia

 

1,029

 

 

 

878

 

 

 

1,095

 

Total revenue

$

4,284

 

 

$

3,451

 

 

$

4,277

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

By operating segment:

 

 

 

 

 

Completion and Production

$

296

 

 

$

252

 

 

$

347

 

Drilling and Evaluation

 

294

 

 

 

171

 

 

 

269

 

Total

 

590

 

 

 

423

 

 

 

616

 

Corporate and other

 

(57

)

 

 

(53

)

 

 

(66

)

Impairments and other charges

 

(22

)

 

 

 

 

 

 

Total operating income

$

511

 

 

$

370

 

 

$

550

 

 

See Footnote Table 1 for Reconciliation of As Reported Operating Income to Adjusted Operating Income.

FOOTNOTE TABLE 1

 

HALLIBURTON COMPANY

Reconciliation of As Reported Operating Income to Adjusted Operating Income

(Millions of dollars)

(Unaudited)

 

 

 

Three Months Ended

 

 

March 31

 

December 31

 

 

2022

 

2021

 

2021

As reported operating income

$

511

 

 

$

370

 

 

$

550

 

 

 

 

 

 

 

Impairments and other charges:

 

 

 

 

 

Receivables

 

16

 

 

 

 

 

 

 

Other

 

6

 

 

 

 

 

 

 

Total impairments and other charges (a)

 

22

 

 

 

 

 

 

 

Adjusted operating income (b)

$

533

 

$

370

 

$

550

 

 

 

 

 

 

 

(a)

During the three months ended March 31, 2022, Halliburton recorded $22 million of impairments and other charges, primarily related to our assets in Ukraine.

(b)

Management believes that operating income adjusted for impairments and other charges for the three months ended March 31, 2022, is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the company's normal operating results. Management analyzes operating income without the impact of these items as an indicator of performance, to identify underlying trends in the business, and to establish operational goals. The adjustments remove the effect of these items. Adjusted operating income is calculated as: “As reported operating income” plus "Total impairments and other charges" for the respective periods.

FOOTNOTE TABLE 2

 

HALLIBURTON COMPANY

Reconciliation of As Reported Net Income to Adjusted Net Income

(Millions of dollars and shares except per share data)

(Unaudited)

 

 

 

Three Months Ended

 

 

March 31

 

December 31

 

 

2022

 

2021

 

2021

As reported net income attributable to company

$

263

 

 

$

170

 

 

$

824

 

 

 

 

 

 

 

Adjustments:

 

 

 

 

 

Loss on early extinguishment of debt

 

42

 

 

 

 

 

 

 

Impairments and other charges

 

22

 

 

 

 

 

 

 

Total adjustments, before taxes

 

64

 

 

 

 

 

 

 

Tax benefit (a)

 

(13

)

 

 

 

 

 

(504

)

Total adjustments, net of taxes (b)

 

51

 

 

 

 

 

 

(504

)

Adjusted net income attributable to company (b)

$

314

 

 

$

170

 

 

$

320

 

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

903

 

 

 

889

 

 

 

896

 

As reported net income per diluted share (c)

$

0.29

 

 

$

0.19

 

 

$

0.92

 

Adjusted net income per diluted share (c)

$

0.35

 

 

$

0.19

 

$

0.36

 

 

 

 

 

 

 

 

(a)

The tax benefit in the table above includes the tax effect on the loss on early extinguishment of debt and impairments and other charges, during the three months ended March 31, 2022. During the three months ended December 31, 2021, based on improved market conditions, Halliburton recognized a $504 million tax benefit, primarily associated with a partial release of a valuation allowance on its deferred tax assets.

(b)

Management believes that net income adjusted for the loss on the early extinguishment of debt, impairments and other charges, and the tax benefit is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the company's normal operating results. Management analyzes net income without the impact of these items as an indicator of performance to identify underlying trends in the business and to establish operational goals. Total adjustments remove the effect of these items. Adjusted net income attributable to company is calculated as: “As reported net income attributable to company” plus "Total adjustments, net of taxes" for the respective periods.

(c)

As reported net income per diluted share is calculated as: "As reported net income attributable to company" divided by "Diluted weighted average common shares outstanding." Adjusted net income per diluted share is calculated as: "Adjusted net income attributable to company" divided by "Diluted weighted average common shares outstanding."

 


Contacts

For Investors:
David Coleman
Investor Relations
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281-871-2688

For News Media:
Emily Mir
External Affairs
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281-871-2601


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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) today announced a collaboration with natural gas midstream companies, methane detection technology providers, and leading academic institutions to implement quantification, monitoring, reporting and verification (“QMRV”) of greenhouse gas (“GHG”) emissions at natural gas gathering, processing, transmission, and storage systems specific to Cheniere’s supply chain. The program is intended to improve the overall understanding of GHG emissions and further the deployment of advanced monitoring technologies and protocols. This collaboration builds upon Cheniere’s ongoing QMRV collaboration with natural gas producers and liquefied natural gas (“LNG”) shipping providers, both of which commenced in 2021. These QMRV programs support Cheniere’s climate strategy initiatives, including the Company’s plan to provide Cargo Emissions Tags (“CE Tags”) to customers beginning this year.


The midstream QMRV work will be conducted by emissions researchers from Colorado State University and the University of Texas. The measurement protocol designed by the research group and Cheniere will be field tested at facilities operated by the participating companies, which include Kinder Morgan, Inc., Williams Companies, Inc., MPLX LP, DT Midstream, Inc., and Crestwood Equity Partners LP. Cheniere is also a participant in the program through the Creole Trail Pipeline and Gillis compressor station.

The midstream QMRV program involves a combination of ground-based, aerial, and drone-based emissions monitoring technologies. The midstream QMRV program requires emissions monitoring over at least a six-month period, with all data independently analyzed and verified by the project’s academic partners. At the Gillis compressor station, the R&D initiative will also test multiple continuous emissions monitors to assess the performance of these technologies.

“Together with our partners on this project and across our LNG value chain, we are working collaboratively to maximize the climate benefits and environmental competitiveness of U.S. natural gas and Cheniere’s LNG,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “Including the Creole Trail Pipeline and Gillis compressor station in this phase of our QMRV work further evidences our commitment to science-based, data-driven environmental transparency.”

“Emissions quantification requires scientifically rigorous methods that are unique to each segment of the industry. This first-of-its-kind R&D project will investigate emissions performance at multiple midstream facilities not just by short-duration spot checks, but over several months, employing multiple monitoring technologies at multiple scales,” said Dan Zimmerle, the principal investigator on the project from Colorado State University who also serves as the Director of the school’s Methane Emissions Program.

“It is vital for both public policy and science that we have empirically driven measurement protocols, and importantly that the complex and voluminous data collected is independently analyzed and verified by the scientific community,” said Dr. Arvind Ravikumar, from the University of Texas Cockrell School of Engineering’s Sustainable Energy Development Lab.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG in operation. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.


Contacts

Cheniere Energy, Inc.

Investors
Randy Bhatia 713-375-5479
Frances Smith 713-375-5753

Media Relations
Eben Burnham-Snyder 713-375-5764

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.


Contacts

Media:
Marti Zehr-Breedlove
+1 469-955-1005
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Isabella Sarlo, Antenna Group
201-465-8045
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that it will collaborate with Cheniere Energy, Inc., the largest U.S. producer of liquefied natural gas (LNG), as well as other natural gas midstream companies, methane detection technology providers, and leading academic institutions to implement quantification, monitoring, reporting and verification (QMRV) of greenhouse gas (GHG) emissions at natural gas gathering, processing, transmission, and storage systems. This collaboration with Cheniere will improve the overall understanding of GHG emissions and further the deployment of the most advanced monitoring technologies and protocols to enhance clean energy supply and delivery for Williams and its customers.


This announcement further supports Williams’ recently announced partnership with Context Labs, whose technology solution will enable Williams to offer differentiated services to its customers across the entire natural gas value chain, providing end-to-end measured, verifiable and transparent emissions data for real-time decision-making capabilities.

The midstream QMRV work will be conducted by global emissions researchers from Colorado State University and the University of Texas. The measurement protocol designed by the research group and Cheniere will be field tested at facilities operated by the participating companies, including Williams’ Transco pipeline, the nation’s largest-volume natural gas transmission system that is also one of the largest providers of natural gas to LNG export facilities on the Gulf Coast.

The midstream QMRV program involves a combination of ground-based, aerial, and drone-based emissions monitoring technologies and requires emissions monitoring over at least a six-month period, with all data independently analyzed and verified by the project’s academic partners.

“Our large-scale clean energy infrastructure network is ideally positioned to leverage this pilot program to develop a comprehensive system for accurately quantifying emissions while connecting the cleanest energy sources to meet real-time energy needs across the country and overseas,” said Chad Zamarin, Williams Senior Vice President of Corporate Strategic Development. “As further demonstrated through our recent investment with Context Labs, Williams is committed to matching the best technology with meaningful strategies to facilitate and deliver responsibly sourced natural gas from wellhead to water.”

“Collaboration with our midstream partners is a vital part of Cheniere’s efforts to measure and verify our emissions and look for opportunities for reductions across our value chain,” said Scott Culberson, Cheniere’s Senior Vice President of Gas Supply. “Williams is a critical teammate in this effort to provide cleaner sources of energy around the world, and their leadership will help to improve the environmental performance of U.S. natural gas and LNG.”

“Emissions quantification requires scientifically rigorous methods that are unique to each segment of the industry. This first-of-its-kind R&D project will investigate emissions performance at multiple midstream facilities not just by short-duration spot checks, but over several months, employing multiple monitoring technologies at multiple scales,” said Dan Zimmerle, the principal investigator on the project from Colorado State University who also serves as the Director of the school’s Methane Emissions Program.

“It is vital for both public policy and science that we have empirically driven measurement protocols, and importantly the complex and voluminous data collected is independently analyzed and verified by the scientific community,” said Dr. Arvind Ravikumar, professor in the Petroleum and Geosystems Engineering department at the University of Texas at Austin.

About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.


Contacts

MEDIA:
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(800) 945-8723

INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075

Grace Scott
(918) 573-1092

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.


Contacts

Connect Marketing
Sherri Walkenhorst
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(801) 373-7888

Not for Distribution in the United States or Over United States News Wire Services

BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) today announced the closing of its previously announced bought deal offering of 4,800,000 subordinate voting shares of the Company (the “Shares”) at a price of $12.50 per Share (the “Issue Price”) for gross proceeds of approximately $60 million (the “Offering”).


The Offering was completed on a bought deal basis by a syndicate of underwriters led by TD Securities Inc. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., Roth Canada, Inc., Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and Raymond James Ltd. (collectively, the “Underwriters”). The Company has granted the Underwriters an over-allotment option to purchase up to an additional 720,000 Shares at the Issue Price, exercisable, in whole or in part, for a period of 30 days following closing of the Offering.

The Company intends to use the net proceeds of the Offering to fund the Company’s growth strategy, including the development and construction of build-own-operate assets in the Company’s revenue backlog and development pipeline and for general corporate purposes.

The Offering was completed by way of a (final) short form prospectus dated April 12, 2022 and filed with the securities regulatory authorities in each of the provinces and territories of Canada, copies of which are available under the Company’s profile on SEDAR at www.sedar.com.

No securities regulatory authority has either approved or disapproved the contents of this press release. The Shares have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws. Accordingly, the Shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.

Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable securities legislation, including the use of proceeds from the Offering, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Company’s management’s discussion and analysis of financial condition and results of operations and annual information form for the year ended December 31, 2021, which are available on SEDAR at www.sedar.com. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. All forward-looking information in this news release speaks only as of the date of this news release.

For more information, please see: www.anaergia.com

SOURCE: Anaergia Inc.


Contacts

For media relations, please contact: Melissa Bailey, Director, Marketing & Corporate Communications, This email address is being protected from spambots. You need JavaScript enabled to view it.

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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.


Contacts

US Solar Contact
Greta Chizek
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Wells Fargo Contact
E.J. Bernacki
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DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the first quarter of 2022 on Wednesday, May 4, 2022, after the market closes.


The company will also conduct a conference call on Wednesday, May 4, 2022 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at energytransfer.com.

Forward Looking Statements

This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including future distribution levels and leverage ratio, are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

The information contained in this press release is available on our website at energytransfer.com.


Contacts

Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795

Media Relations:
Vicki Granado
214-840-5820

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