Service providers to offer solar smarter home solutions to consumers and the solar industry
TYSONS, Va.--(BUSINESS WIRE)--Solar is one of the fastest-growing sectors of the U.S. energy industry, with an average annual growth rate of 42 percent over the past decade. In response to increased demand, Alarm.com is offering an integrated solar monitoring solution for service providers with a new Solar Automation & Awareness service package and Solar Program Certification Course.
Alarm.com’s solar monitoring offering allows customers with SolarEdge and Enphase inverters (which combined account for more than 90 percent of all solar inverters in the U.S.) to monitor home solar panel energy production and consumption. With the Solar Monitoring add-on, Alarm.com subscribers can track energy data for the day, week, past month, and past 12 months. All within the Alarm.com mobile app, they can monitor the property’s solar data alongside security and other energy-saving devices and features, to lower power bills, and reduce environmental footprint. As part of a comprehensive smart energy management solution, solar monitoring gives subscribers the information and insights to reduce overall energy consumption and manage a broad ecosystem of automation devices to compensate when solar production is low, such as raising the thermostat setpoint or turning off lights.
“Alarm.com offers solar monitoring as part of an all-in-one solution in response to the customer’s desire for sustainable energy solutions with their home automation and security system,” said Shawn Barry, Vice President of Strategic Sales at Alarm.com. “The Alarm.com Solar Monitoring integration enables homeowners with SolarEdge or Enphase inverters to monitor home solar panel energy production and consumption in the Alarm.com mobile app, empowering them to make smarter decisions about home energy use.”
Alarm.com’s service provider partners recognize the growing opportunity that solar energy solutions can have on their business but many haven’t been sure where to start. The Alarm.com Solar Program can help service providers by integrating third-party solar market leaders into the proposal, licensing, and installation process. The Alarm.com Solar Program offers two new solar service plans that are available to either prospective or current Alarm.com customers.
The Solar Program officially launches this month. Alarm.com solutions have limited international availability. For more information, please visit alarm.com.
About Alarm.com
Alarm.com is the leading platform for the intelligently connected property. Millions of consumers and businesses depend on Alarm.com's technology to manage and control their property from anywhere. Our platform integrates with a growing variety of Internet of Things (IoT) devices through our apps and interfaces. Our security, video, access control, intelligent automation, energy management, and wellness solutions are available through our network of thousands of professional service providers in North America and around the globe. Alarm.com's common stock is traded on Nasdaq under the ticker symbol ALRM. For more information, please visit alarm.com.
Julie Rollend
Alarm.com Public Relations
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TUCSON, Ariz.--(BUSINESS WIRE)--Tucson Electric Power (TEP) is seeking updated rates in late 2023 to support safe, reliable service and its transition to cleaner energy. The proposed rates would cover the cost of new wind and solar energy resources, grid improvements, technology and security upgrades and other key investments that support service reliability, including:
TEP’s request, filed today with the Arizona Corporation Commission (ACC), would increase the average monthly bills of typical residential customers by 11.7 percent, or $14.22, over current levels starting in September 2023. That change would vary with usage, and customers will be able to mitigate the impact through energy efficiency and Time-of-Use pricing plans that offer lower rates during off-peak periods.
TEP has effectively managed its costs amid rising prices for equipment, parts, construction materials and other necessities since 2018, the year upon which current rates are based. The company’s operations and maintenance (O&M) costs increased just 2.4 percent annually, on average, from 2018 through 2021 despite average annual inflation of 3.6 percent during that period.
“The cost of providing safe, reliable service is increasing rapidly as inflation exacerbates the impacts of supply chain challenges, regional energy capacity constraints and extreme weather events,” said Susan Gray, TEP’s President and CEO. “Our proposed rates are needed to support systems and infrastructure that protect and upgrade our grid, expand our use of cleaner energy and help us serve the expanding energy needs of our growing community.”
Peak energy demand on TEP’s local energy grid has increased by 5.7 percent since 2019, driven by record heat events and the addition of more than 14,000 new homes and businesses to its customer base over the past three years. The cost of fuel and wholesale energy also has increased significantly in recent years, driving up expenses that, like O&M costs, are passed along to customers without any markup.
Supporting Cleaner Energy
TEP’s proposed rates support investments that will help the company manage long-term energy costs through increased use of wind and solar power systems that will generate 70 percent of its power by 2035. They also support the company’s plan to ramp down and ultimately retire its two units at the coal-fired Springerville Generating Station in eastern Arizona in 2027 and 2032. Those steps will help TEP end its use of coal and achieve an 80 percent reduction in carbon dioxide emissions by 2035, key objectives articulated in its 2020 Integrated Resource Plan, which the ACC acknowledged as being in the public interest.
TEP also is proposing more gradual recovery of anticipated costs related to its transition to cleaner energy. This proposal would support the development of wind farms, solar arrays, battery storage systems and other investments that help reduce our community’s carbon footprint. Allowing these costs to be passed along as they occur will mitigate the larger impacts that result from accumulations over longer periods between rate requests.
Assisting Customers
The proposed rates will increase the Lifeline discount from $18 to $20 per month for customers whose household income does not exceed 200 percent of the federal poverty level. They also would eliminate TEP transaction fees for most credit card payments from residential and small business customers as well as for cash payments made at third-party payment processors.
TEP has supported customers and our community during the ongoing pandemic through increased philanthropic giving, delayed recovery of higher energy expenses, direct bill credits and a campaign to connect qualifying customers to expanded federal aid and other bill payment assistance – efforts that have included door-to-door visits. Including all federal funding, contributions and other resources, TEP has directed nearly $33 million in assistance to customers and our community since 2020.
“We know our community has faced real challenges over these past few years because we’ve been there with support every step of the way,” Gray said. “Our systems and employees have delivered admirable reliability and strong service for customers throughout this extraordinarily difficult period. I am very proud of our company’s performance in living up to our values and the expectations of our customers.”
Additional information about TEP’s rate proposal is available online at tep.com/rate-proposal. Images and video clips showing some of the recent upgrades that would be reflected in the proposed rates are available online at tep.com/key-investments-gallery/.
TEP provides safe, reliable electric service to more than 438,000 customers in Southern Arizona. For more information, visit tep.com. TEP and its parent company, UNS Energy, are subsidiaries of Fortis Inc. (TSX/NYSE: FTS), a leader in the North American electric and gas utility business, with regulated utilities that serve more than 3.4 million customers across Canada and in the United States and the Caribbean. For more information, visit fortisinc.com.
Joseph Barrios
(520) 884-3725
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DUBLIN--(BUSINESS WIRE)--The "Global Fatty Acid Methyl Esters Market by Source, Product Type, Application, and Region - Size, Share, Outlook, and Opportunity Analysis, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
This report provides an in-depth analysis of the global fatty acid methyl esters market, and provides market size (US$ Million & Kilotons) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year.
FAME (fatty acid methyl ester) is a form of fatty acid ester produced by transesterifying fats with methanol. The primary molecules in biodiesel are FAME, which are obtained by transesterification from vegetable oils. When base chemicals like sodium methoxide, potassium hydroxide, or sodium hydroxide are present, an alkali-catalyzed reaction between methanol and lipids produces FAME, which is employed in the manufacturing of biodiesel and detergents.
The most widely accessible biodiesel type in the marine industry is FAME-based biofuel, which is typically blended with regular marine diesel. FAME's application in the food industry as a thickening & emulsifying agent is expected to drive the market growth during the forecast period.
Growing demand for fatty acid methyl ester from various end-use industries is expected to benefit the global fatty acid methyl esters market. Fatty acid methyl ester is the most preferred alternative to conventional mineral-based products for applications in lubricants, paints & coatings, food & agriculture, detergent & surfactants, metal working, emulsifiers, and others.
This is owing to its superior properties such as high lubricity, excellent solubility inorganic solvents, high boiling points, non-toxicity, and biodegradability. Additionally, growing demand for fatty acid methyl ester in agrochemicals such as pesticide and fertilizer preparation is anticipated to further drive the fatty acid methyl ester market growth. Thus, the aforementioned properties and applications are expected to be key factors driving the global fatty acid methyl ester market growth over the forecast period.
However, the market's growth is expected to be restrained by high manufacturing costs due to unpredictable prices of raw materials and the global outbreak of coronavirus. Fatty acid esters required high processing cost. As a result, emerging nations such as Asia Pacific and the Middle East and Africa are still not able to employ high-cost technologies, which could limit the market for fatty acid esters.
Key features of the study:
Detailed Segmentation
Global Fatty Acid Methyl Esters Market, By Source:
Global Fatty Acid Methyl Esters Market, By Product Type:
Global Fatty Acid Methyl Esters Market, By Application:
Global Fatty Acid Methyl Esters Market, By Region:
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/xslqx7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (NYSE: GPRK) (the “Company”) today announced that it has received the requisite consents in connection with its previously announced solicitation of consents (the “Consent Solicitation”) from holders of its 5.500% Senior Notes due 2027 (the “2027 Notes”). The Consent Solicitation was made pursuant to a Consent Solicitation Statement, dated June 8, 2022 (as amended, supplemented or otherwise modified, the “Consent Solicitation Statement”). The proposed amendments (the “Proposed Amendments”) to the indenture (the “Indenture”) governing the 2027 Notes intend to (i) address the impact of adverse market conditions and related drop in the price of crude oil during 2020 on the Company’s results, which in turn negatively impacted the restricted payments builder basket as currently in effect, and (ii) increase and reset the general restricted payments basket in the Indenture to provide the Company additional restricted payments capacity, which will give the Company additional financial flexibility that is aligned to its improved performance beginning in 2021. Full details of the terms and conditions of the Consent Solicitation, including the Proposed Amendments, were included in the Consent Solicitation Statement.
The Company has been advised that it has received consents from holders of at least a majority of the aggregate principal amount of the 2027 Notes (not including any 2027 Notes held by the Company or any of its affiliates) (the “Requisite Consents”). In connection with the receipt of the Requisite Consents, the Company expects to execute a supplemental indenture to the Indenture to effect the Proposed Amendments with respect to the 2027 Notes on June 21, 2022. The Company will make a cash payment equal to $10.00 per $1,000 principal amount of 2027 Notes (the “Consent Fee”) to holders of the 2027 Notes on the applicable record date that delivered their consents prior to June 17, 2022 at 5:00 p.m., New York City time (the “Expiration Time”) and did not revoke such consents. The Company expects to pay the Consent Fee on June 27, 2022. No Consent Fee will be paid to any holder of the 2027 Notes unless such holder delivered (and did not revoke) a consent in accordance with the terms of the Consent Solicitation Statement prior to the Expiration Time. The supplemental indenture will become effective upon its execution and delivery by the Company and the trustee but will provide that the Proposed Amendments will not become operative until the Company has paid the Consent Fee in full.
Credit Suisse Securities (USA) LLC acted as solicitation agent for the Consent Solicitation and D.F. King & Co., Inc. acted as the information agent, tabulation agent and paying agent for the Consent Solicitation.
Neither the Consent Solicitation nor any related documents have been filed with the U.S. Securities and Exchange Commission, nor have any such documents been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Consent Solicitation Statement or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.
The Consent Solicitation was made solely on the terms and conditions set forth in the Consent Solicitation Statement. Under no circumstances shall this press release constitute an offer to buy or the solicitation of an offer to sell the 2027 Notes or any other securities of the Company or any of its affiliates. The Consent Solicitation has not been made to, nor has the Company accepted deliveries of consents from, holders in any jurisdiction in which the Consent Solicitation or the acceptance thereof would not have been in compliance with the securities or blue sky laws of such jurisdiction. This press release is also not a solicitation of consents to effect the Proposed Amendments.
ABOUT GEOPARK
GeoPark is a leading independent oil and natural gas exploration and production company with operations in Latin America and a proven track record of growth in production and reserves since 2006. GeoPark operates in Colombia, Chile, Brazil and Ecuador.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the consent solicitation. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.
The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.
INVESTORS:
Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
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Miguel Bello
Market Access Director
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MEDIA
Communications Department
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-- Investment focused on Permian Basin Opportunities --
HOUSTON & FORT WORTH, Texas--(BUSINESS WIRE)--EnCap Investments L.P.(“EnCap”) and the team behind the Double Eagle family of companies (“Double Eagle”) announced today that they have entered into a strategic partnership to form Double Eagle Energy Holdings IV, LLC (“Double Eagle IV”) and Tumbleweed Royalty IV, LLC (“Tumbleweed IV”). The new entities have also received minority investments from Apollo Natural Resource funds (“Apollo”), Magnetar Capital (“Magnetar”), and other strategic institutional partners. Headquartered in Fort Worth, Texas, Double Eagle IV will primarily focus on investing in oil and gas properties in the Permian Basin, and Tumbleweed IV will focus on royalty and mineral investments across the Permian Basin. Double Eagle IV was formed by the same management team that successfully led its predecessor companies, with John Sellers and Cody Campbell continuing to serve as Co-Chief Executive Officers. Double Eagle has been one of the largest independent acquirers of oil and gas leasehold interests across Texas, the Rockies, and the Mid-Continent.
Formation of this new company follows the recent successful sale of Double Eagle III Midco 2 LLC (“Double Eagle III”), wholly owned by DoublePoint Energy, LLC (“DoublePoint”) to Pioneer Natural Resources Company (NYSE: PXD) for approximately $6.4 billion. Double Eagle IV will pursue a similar strategy that led to the success of the predecessor companies, but on a considerably larger scale and with a more substantial upfront commitment from funds managed by EnCap, along with Apollo, Magnetar, and the Double Eagle management team.
Cody Campbell and John Sellers, Co-Chief Executive Officers of Double Eagle, commented, “We are excited about this new partnership with EnCap and are thrilled to do business with a group of people who have been longtime personal friends. Pairing EnCap with our longtime investors, Apollo and Magnetar, along with several large strategic institutions and our own personal capital, provides us with a unique strategic advantage. Together with the financial strength of our partnership, our track record of success, and our world-class operating team, we can confidently and aggressively pursue very large acquisitions while continuing to organically assemble smaller opportunities and undertake an ambitious development program.”
Gary Petersen, Founder of EnCap Investments, said, “I have known Cody and John for many years and our team at EnCap has long admired their approach to business.” Kyle Kafka, Partner of EnCap Investments, added, “The Double Eagle team brings unique relationships and a proven track record of success in the industry. We are excited to partner with John, Cody and the entire management team and look forward to building a substantial business together.”
Advisors
EnCap engaged Vinson & Elkins LLP and Double Eagle engaged Akin Gump Strauss Hauer & Field LLP as their respective legal advisors.
About Double Eagle
Double Eagle is a Fort Worth, Texas-based energy company focused on acquiring and developing oil and gas assets throughout North America.
About EnCap Investments L.P.
Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 22 institutional funds totalling approximately $38 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.
For Double Eagle:
Jordan Huelse
Vice President – Finance
817-928-3260
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For investor inquiries regarding EnCap:
Charles W. Bauer
Partner – Investor Relations
713-659-6100
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Matt Crystal
Managing Director – Investor Relations
713-659-6100
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For media inquiries regarding EnCap:
Redbird Communications Group
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BASEL, Switzerland--(BUSINESS WIRE)--Syngenta Group today announced succession plans for its leadership team. Jeff Rowe, currently President, Global Seeds, will take over the leadership of Syngenta Crop Protection, effective July 1, 2022. His former role will be assumed by Justin Wolfe, currently Regional Director North America Seeds. As members of the Group Leadership Team, the two will report to CEO Erik Fyrwald. Jeff will relocate to Basel, Switzerland; Justin will continue to be based in Downers Grove, Illinois, USA.
Jon Parr, President, Global Crop Protection, will retire on September 30, after a 35-year tenure at the company, including the last seven years as head of the global crop protection business.
“I would like to thank Jon for his many achievements, steering the business and the team successfully through the pandemic and unprecedented supply chain challenges. During Jon’s tenure, Syngenta Crop Protection has grown back into the global market leader and has become a leader in biologicals and innovation,” said Syngenta Group CEO Erik Fyrwald. “At the same time, I am excited to have Jeff and Justin taking on their important new roles, building on our momentum to drive further growth of the Crop Protection and Seeds businesses and advancing our commitment to regenerative agriculture.”
Jeff Rowe was instrumental for the successful turnaround of the Seeds business, with outstanding growth and return to profitability. Most recently, he has spearheaded Syngenta Group’s efforts into regenerative agriculture and soil health. Prior to joining Syngenta in 2016, Jeff served in several leadership roles at DuPont Pioneer over a 20-year period. He has nearly 30 years’ diverse experience as an agriculture leader.
Justin Wolfe’s leadership and focus on strong commercial execution were key to significant business growth and market share gains in North America. He joined Syngenta in 2018 as Regional Director EAME Seeds, where he successfully led the creation of the specialized Seeds business. Prior to joining Syngenta, Justin had a strong track record with Monsanto over 20 years, holding roles in operations, strategy, sales and marketing, including Vice President, Europe and Middle East Commercial Operations.
With increasing ambitions for Syngenta Group’s Vegetable Seeds and Flowers business, Matthew Johnston will continue in his current global role as Head of Vegetable Seeds and Flowers, now reporting directly to CEO Erik Fyrwald as from July 1, 2022.
Under Jon Parr’s leadership in the past seven years, the Syngenta Crop Protection business grew 50 percent. He joined Syngenta Group and its predecessor companies in January 1987. Prior to his current role, Jon Parr was Chief Operating Officer EAME & Latin America from 2015 to 2016. Before that, he was Head of Global Crops & Assets for Syngenta from 2014, Regional Director for EAME from 2009 to 2013 and Head of Syngenta Flowers from 2007 to 2008. Through his long career at Syngenta Group, Jon has also held other roles across marketing, strategy and manufacturing.
About Syngenta Group
Syngenta Group is one of the world’s leading agriculture innovation companies, with roots going back more than 250 years. In more than 100 countries, the company strives to transform agriculture through breakthrough products and technologies that play a vital role in enabling the food chain to feed the world safely, sustainably and with respect for our planet. Syngenta Group, registered in Shanghai, China and with its management headquarters in Switzerland, draws strength from its four business units – Syngenta Crop Protection headquartered in Switzerland, Syngenta Seeds headquartered in the United States, ADAMA® headquartered in Israel, and Syngenta Group China – that provide industry-leading ways to serve customers everywhere.
For Syngenta Group photos and videos, please visit the Syngenta Group Media Library.
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Cautionary Statement Regarding Forward-Looking Statements
This document may contain forward-looking statements, which can be identified by terminology such as “expect,” “would,” “will,” “potential,” “plans,” “prospects,” “estimated,” “aiming,” “on track” and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta Group, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or grain prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta Group assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
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Based in Saudi Arabia, CNTXT aims to bring new cloud and industrial software solutions to the digital transformation space.
RIYADH, Saudi Arabia--(BUSINESS WIRE)--Aramco and Cognite, a global leader in industrial software, have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT will support industrial digitalization in the Kingdom and the wider MENA region.
CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software. These solutions and services will help companies in the public and private sectors future-proof their data infrastructure, increase revenue, cut costs, and reduce risks while enhancing operational sustainability and security. CNTXT is Google Cloud’s reseller for cloud solutions in the Kingdom and the exclusive reseller of Cognite Data Fusion® in the MENA region. Additionally, Google Cloud is expected to launch a “Center of Excellence” later this year to provide training to developers and business leaders on how to use cloud technologies.
Led by Abdullah Jarwan, appointed CEO of CNTXT, and a management team of local and international talent, CNTXT plans to significantly grow the team this year in hopes of becoming the top tech employer in the Kingdom.
The launch of CNTXT is a major milestone in the collaboration between Aramco and Aker ASA, the majority owner of Cognite. The partnership began in 2019 with the signing of a Memorandum of Understanding (MoU) to develop synergies and share knowledge on industrial digitalization and sustainability initiatives.
Ahmad A. Al-Sa'adi, senior vice president of Technical Services at Aramco, said: “CNTXT brings together industrial legacy, unmatched technology, and a truly talented team that will aid in the digitalization of the public and private sectors in the Kingdom. CNTXT will be an important catalyst of digitalization of the Kingdom.”
Øyvind Eriksen, president of Aker ASA and chair of the Cognite Board of Directors, said: “CNTXT will be an important vehicle for driving profitability and sustainability of the Kingdom’s industries through innovative use of technology. I look forward to seeing the company accelerate the digital transformation of the most important sectors in the region.”
Abdullah Jarwan, CEO of CNTXT, said: “The untapped potential in the digital transformation of the Kingdom of Saudi Arabia and the greater Middle East is enormous. With Google Cloud and Cognite offerings in our portfolio, we can help the public and private sectors innovate faster, scale AI-driven solutions, and turn data into value.”
Abdul Rahman Al Thehaiban, managing director, Middle East, Turkey, and Africa, Google Cloud, said: “Businesses all around the world turn to Google Cloud to enable growth and help them solve their most business-critical challenges. With CNTXT as Google Cloud’s reseller in the Kingdom, we will be leveraging the latest technologies and decades of expertise to help businesses grow and develop safely and securely.”
About Aramco
Aramco is a global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world.
About CNTXT
Founded in 2022 and based in Saudi Arabia, CNTXT is a joint venture between Aramco and Cognite that delivers premium cloud and digital transformation products and services in the Middle East and North Africa. CNTXT’s digital offerings, including Google Cloud and Cognite Data Fusion, enable customers to achieve greater efficiency, sustainability, and profitability throughout their digital transformation journeys.
About Cognite
Cognite is a global industrial SaaS company that was established with one clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion®, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability.
Michelle Holford
Global PR Lead, Cognite
+47 482 90 454 (NO)
+1 (512) 744-3420 (US)
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DUBLIN--(BUSINESS WIRE)--The "Aviation Fuel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The aviation fuel market was valued at USD 77.91 billion in 2020, and it is anticipated to reach USD 224.67 billion by 2027, registering a CAGR of more than 16.3% during the forecast period of 2022-2027.
Companies Mentioned
Key Highlights
Key Market Trends
Aviation Turbine Fuels Expected to Dominate the Market
Asia-Pacific Expected to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Fuel Type
5.1.1 Air Turbine Fuel
5.1.1.1 Jet A-1
5.1.1.2 Jet A
5.1.1.3 Jet B
5.1.2 Aviation Biofuel
5.1.3 AVGAS
5.2 End-User
5.2.1 Commercial
5.2.2 Defence
5.2.3 General Aviation
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/u6zmnu
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Agreement initiates collaboration for planned pilot installations of PI Energy’s pioneering solar photovoltaic technology on residential, commercial and industrial buildings
SAN DIEGO--(BUSINESS WIRE)--Today, buildings account for almost 40 percent of global energy-related CO2 and will play a major role in a sustainable transformation, according to the US Green Building Council. To offset that, commercial building owners and managers are expected to invest $960 billion globally between now and 2023 on greening their existing built infrastructure.
Helping to lead this crucial step toward sustainable energy use in the industry is Acento Real Estate Partners, which has partnered with PI Energy for pilot installations of next-generation photovoltaic (PV) cell technology on its buildings across the US. Acento joined PI Energy’s Pilot Deployment Program, providing the company access to PI Energy’s revolutionary module PV technology, which is designed to be wrapped onto roofs, walls and other surfaces, so that sunlight can power a large portion of electricity needs, while decreasing energy purchases and lowering operating costs.
Solar photovoltaic installations on buildings usually only cover a small fraction of some roofs. High costs and physical limitations associated with conventional PV technology restricts how much solar energy can be generated onsite on buildings. PI Energy is changing that with its flexible and low-cost PV technology.
PI Energy’s Pilot Deployment Program is the first phase of the company’s commercialization of its PV cell technology, which is based on its proprietary nanofilm solar cell innovation, using ultrathin silicon, enables practical and low-cost installation of solar modules that are designed to be lightweight, flexible, nontoxic, and easy to install on most surfaces.
“Acento’s participation in PI Energy’s Pilot Deployment Program is aligned with our low-carbon infrastructure and social impact goals, so that we can have onsite electrical power from otherwise unused surfaces, from our buildings, parking areas and surrounding walls,” said Andrés González, CEO of Acento. “Enhancing our real estate portfolio’s energy resilience and sustainability is even more attractive with a cost-competitive approach to solar energy.”
Rooted in a twenty-year history of supporting the workforce populations of the United States and over US $1 billion of AUM, Acento specializes in increasing their access to high-quality and affordable rental workforce housing, expanding their opportunities for equity and inclusion, and empowering their lives through community development and the integration of essential human wellness factors. PI Energy’s new technology aligns well with Acento’s strategy to offer investments that deliver not only high returns for investors but greater benefits to the society and the environment.
“We are excited to partner with Acento, which is leading the shift to more sustainable buildings,” said Phil Layton, CEO of PI Energy. “A large-scale transition to sustainability requires both a low-carbon energy and cost-competitive path. Acento is creative and innovative in its approach to improving buildings’ performance while reducing their carbon footprint, which makes the company an ideal partner.”
David Andresen, PI Energy
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DUBLIN--(BUSINESS WIRE)--The "Marine Lubricants Market Research Report by Product (Compressor Oil, Engine Oil, and Hydraulic Fluid), Type, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Marine Lubricants Market size was estimated at USD 9,567.11 million in 2021, USD 10,012.11 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.82% to reach USD 12,695.63 million by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Marine Lubricants Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Marine Lubricants Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Marine Lubricants Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Marine Lubricants Market?
4. What is the competitive strategic window for opportunities in the Global Marine Lubricants Market?
5. What are the technology trends and regulatory frameworks in the Global Marine Lubricants Market?
6. What is the market share of the leading vendors in the Global Marine Lubricants Market?
7. What modes and strategic moves are considered suitable for entering the Global Marine Lubricants Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/j1kxeh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.045000 per unit, payable on July 15, 2022 to unitholders of record on June 30, 2022. The net profits interest calculation represents reported oil production for the month of March 2022 and reported natural gas production during February 2022. The calculation includes accrued costs incurred in April 2022.
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
|
|
Underlying Sales Volumes |
|
Average Price |
||||||||||
|
|
Oil |
|
Natural Gas |
|
Oil |
|
Natural Gas |
||||||
|
|
Bbls |
|
Bbls/D |
|
Mcf |
|
Mcf/D |
|
(per Bbl) |
|
(per Mcf) |
||
Current Month |
|
40,102 |
|
1,294 |
|
380,958 |
|
13,606 |
|
$ |
98.77 |
|
$ |
4.84 |
Prior Month |
|
40,553 |
|
1,448 |
|
331,076 |
|
10,680 |
|
$ |
86.55 |
|
$ |
5.00 |
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $4.0 million for the current month on realized wellhead prices of $98.77/Bbl, up $0.5 million from the prior month’s oil cash receipts.
Recorded natural gas cash receipts from the Underlying Properties totaled $1.8 million for the current month on realized wellhead prices of $4.84/Mcf, up $0.1 million from the prior month.
Total accrued operating expenses for the period were $2.3 million, a decrease of $0.5 million from the prior period. Capital expenditures increased $0.7 million from the prior period to $1.0 million primarily due to the drilling of four new, non-operated drilling projects by a private operator in the North Louisiana area.
Given the increase in rig count and operator activity on the Underlying Properties, COERT Holdings 1 LLC (the “Sponsor”), is withholding $0.35 million from the current month’s net profits to be added to the cash reserve for approved, future development expenses this year. To date, the Sponsor has established a total reserve of approximately $1.5 million for approved development expenses this year. This reserve is intended to fund an expected increase in development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuation since the beginning of 2020 as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2021 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 25, 2022. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.
Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555
Bringing a New Standard to Wind Energy Development and Investment
AVON, Colo.--(BUSINESS WIRE)--Wind-energy-focused data and geospatial SaaS provider, TurbineHub, today announced an Esri Partner Network relationship with Esri, the global leader in geographic information system (GIS) technology and location intelligence. TurbineHub has been selected to join the Esri Startup Program, a coveted three-year program that empowers startup partners with ArcGIS technology resources to utilize within their offerings. With these resources, TurbineHub has developed a solution to support wind energy investment and asset management, bringing new and innovative products to Esri customers.
TurbineHub offers a unique platform with tools and data integrations that enable firms to originate and validate market leading wind investments. This Software-as-a-Solution (SaaS) helps asset managers, private equity, utilities, and renewable royalty buyers visualize and analyze wind investment on a nationwide and offshore scale.
“Over the next 10 years, capital investments in the United States Offshore and Repower Wind Energy will be over $200 billion combined. Development of focused software products is critical to the next generation of wind investments’ ability to produce Return on Capital Employed (ROCE),” said Dylan Gust, CEO & Co-Founder of TurbineHub. “Esri’s ArcGIS software offers a unique set of capabilities for building geoprocessing analytics, feature layer integration, and data management.”
TurbineHub also recently released the TurbineHub Index Number (THI), a national database of wind turbines confirmed with recent satellite imagery. Based on the API number for each oil & gas well in the United States, the database establishes a unique identifier for each turbine across the country.
“We are excited to partner with TurbineHub through the Esri Startup Program,” said Robert Laudati, Director of Global Partners and Alliances at Esri. “Their team understands the value that geospatial insight brings to the renewables industry and they are helping to empower a new age of wind energy analytics by leveraging Esri ArcGIS technology.”
About Esri
Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics. Visit us at esri.com.
About TurbineHub.com, LLC
TurbineHub is the only wind-energy-focused data and geospatial analysis software in the United States and is purpose-built on the world's leading GIS platform to enable the next generation of wind energy development and investment. Headquartered in Avon, Colorado, TurbineHub provides tier one data on a first-class geospatial intelligence application in order to give actionable insights to our clients. Visit us at www.turbinehub.com.
Dylan Gust
TurbineHub.com
303-941-4314
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Visit us on social media:
TurbineHub: Overview | LinkedIn
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of June 2022. Unitholders of record on June 30, 2022 will receive distributions amounting to $0.149656742 per unit, payable on July 29, 2022. The Trust received $201,622, which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company and $105,910 which came from the Hugoton Royalty properties operated by Scout Energy Group V, LP. No income was received in June 2022 from the Colorado portion of the Trust’s San Juan Basin properties operated by SIMCOE LLC, an affiliate of IKAV Energy Inc. or from the Colorado portion of the Trust’s San Juan Basin properties operated by Red Willow Production Company. This month, after the Trust’s payment of administrative expenses, income from the distributable net profits was $278,899.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced during 2022, as the Trust intends to increase cash reserves to a total of $2.0 million to provide added liquidity.
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2021. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.q4web.com/home/default.aspx
MONTRÉAL--(BUSINESS WIRE)--$NMG #EV--Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) held yesterday its hybrid Annual General and Special Meeting of Shareholders (the “Meeting”) from its Phase-1 plant in Saint-Michel-des-Saints, an occasion to showcase its brand-new coating line with a nameplate capacity of 2,000 tonnes per annum (“tpa”). Completing the Company’s integrated anode material production, from ore to battery material, the coating module was built over H1-2022 to complement NMG’s portfolio of advanced materials.
The ultimate beneficiation step, coating is instrumental to battery technology. Coating helps create a stable electrolyte interface layer in the battery system and increase initial coulombic efficiency and discharge capacity, thus extending the battery performance over time. With this addition, NMG now operates the only fully integrated North American natural graphite production and is positioned to provide customers with a variety of customizable high-purity advanced materials to meet their specifications, desired environmental footprint, and quality standards.
Arne H Frandsen, Chair of NMG, said: “NMG’s scaled development plan has reached a significant milestone: Phase 1 now covers the full value chain! From extraction and concentration to advanced processing and battery testing in our laboratory, we have engineered processes, designed operations, and built facilities that demonstrate our proprietary technologies and production capability. This constitutes a springboard for executing our Phase 2 to develop what is projected to be North America’s largest fully integrated natural graphite operation. As an early mover, timing is superb for NMG considering the pressure battery and electric vehicles (“EV”) manufacturers are experiencing due to growth in demand for cleantech and limited raw materials.”
NMG’s innovative coating technology is projected to generate up to 25% energy reduction compared to the dominant manufacturing operations, with a minimal environmental footprint thanks to the Company’s access to clean hydropower and its strong ESG operational parameters. The technology built in this Phase 1 is planned to be replicated and scaled up for the Phase-2 Bécancour Battery Material Plant, for a planned 42,000-tpa production at the commercial level. The Company’s engineering team in collaboration with specialized firms have secured a technology that provides versatility for the use of different precursors as research and development advances.
Cold commissioning of the kiln and utilities is underway with NMG’s and the equipment’s supplier technical team onsite; hot commissioning is expected to start shortly after with the objective of processing the first tonne of material at the beginning of Q3-2022. The Company expects stable production by the end of Q3-2022 to support product qualification, operational optimization, and detailed engineering of the Phase 2 Bécancour Battery Material Plant.
Eric Desaulniers, Founder, President, and CEO of NMG, commented: “I am extremely proud of our team who has delivered a highly technical project safely and on budget amidst a complex environment shaken by logistical turbulences, labor shortages and rising inflation. We are now set to provide a turnkey supply of anode material to our potential customers, reinforcing our active commercial discussions and bringing us one step closer to signing an offtake agreement with a strategic anchor customer.”
Spherical purified graphite (“SPG”) extracted from the Company’s Matawinie deposit and produced through its Phase-1 concentrator, shaping unit and purification facility, will be refined with a nano layer of carbon to qualify the material for anode application. Production of coated spherical purified graphite (“CSPG”) in commercial-like settings, with NMG’s ore, technology and facilities, further advances commercial discussions with potential customers with a view towards the completion of an offtake agreement.
Matters Voted upon at the Meeting and Results
The Company also announced today the results of voting at the Meeting. Each of the seven nominees listed in the Company’s management information circular dated May 12, 2022, provided in connection with the Meeting were elected as directors of the Company.
Shareholders also adopted all other resolutions submitted for their approval, including the appointment of PricewaterhouseCoopers LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company and the authority given to directors to set its compensation, and the ratification and confirmation of the stock option plan of the Company.
The complete voting results for each item of business are as follows:
ELECTION OF DIRECTORS
Name of Nominee |
Votes in Favor |
% Votes in Favor |
Votes Withheld |
% Votes Withheld |
||||
Daniel Buron |
27,047,382 |
99.38% |
169,213 |
0.62% |
||||
Eric Desaulniers |
27,195,576 |
99.92% |
21,019 |
0.08% |
||||
Arne H Frandsen |
26,278,327 |
96.55% |
938,268 |
3.45% |
||||
Jürgen Köhler |
27,188,195 |
99.90% |
28,400 |
0.10% |
||||
Nathalie Pilon |
27,202,861 |
99.95% |
13,734 |
0.05% |
||||
James Scarlett |
27,034,959 |
99.33% |
181,636 |
0.67% |
||||
Andrew Willis |
27,164,762 |
99.81% |
51,833 |
0.19% |
APPOINTMENT AND COMPENSATION OF AUDITORS
Votes in Favor |
% Votes in Favor |
Votes Withheld |
% Votes Withheld |
|||
30,130,892 |
99.81% |
56,359 |
0.19% |
RATIFICATION AND CONFIRMATION OF THE COMPANY’S STOCK OPTION PLAN
Votes in Favor |
% Votes in Favor |
Votes Against |
% Votes Against |
|||
26,120,204 |
95.97% |
1,096,391 |
4.03% |
Details of the voting results on all matters considered at the Meeting are available in the Company’s report of voting results, which is available under Nouveau Monde’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the impact of the foregoing on the project economics, the intended production capacity of the Company’s Phase-2 operations, the potential results and benefits of the Company’s proprietary coating technology, including the potential reduction in energy consumption, the timelines of the various initiatives and deliverables described in this press release, future demand for batteries and EVs, the objective of developing the largest fully integrated natural graphite operation in North America, and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
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Awards provide best value, economic impact, and S/MWBE inclusion
HOUSTON--(BUSINESS WIRE)--Today, the Port Commission of the Port of Houston Authority met in a special session and awarded two of the largest contracts in the organization’s history. The Commission approved the staff’s recommendation to award Weeks Marine and Curtin Maritime Corporation contracts totaling $430 million to complete the remaining Galveston Bay segments of the Houston Ship Channel expansion project.
“It’s an exciting day for Port Houston and the entire region and the millions of people who rely on the Houston Ship Channel for their livelihood and to bring them essential goods,” Chairman Ric Campo said. “One of today’s contracts to support Houston Ship Channel Expansion – Project 11 is historic and, to our knowledge, the largest award ever made.”
Port Houston staff recommended Weeks Marine and Curtin Maritime Corporation based on the best value, including cost, schedule, environmental components, and Small, Minority and Woman-owned Business Enterprises (S/MWBE) inclusion.
“The teams recommended were the top proposers in all of these areas – best schedules, lowest costs and estimated NOx emissions, and most S/MWBE inclusion,” Executive Director Roger Guenther said in his report. “Nearly 32% of the contracts will go to S/MWBE companies furthering our commitment to business equity, which is a priority for Port Houston.”
Also noteworthy, nearly 52% of the contract amounts are dedicated to the creation of marshes, bird islands and oyster reefs.
Both Campo and Guenther expressed appreciation to all involved in the historic collaborative effort, especially the U.S. Army Corps of Engineers (USACE), the Houston Pilots, and industry partners.
According to the USACE, the Houston Ship Channel is the busiest waterway in the nation. Port Houston’s eight public terminals and more than 200 private facilities have an economic impact of nearly $802 billion in annual activity to the nation, and support more than 2.1 million U.S. jobs.
Project 11 is 82% funded, and efforts continue to secure the remaining federal funds. When complete, the USACE study shows Project 11 should add more than $133 million annually in national economic value.
The Port Commission approved all of the items on the agenda, totaling $450 million supporting the channel expansion efforts.
“The Houston Ship Channel is vital in our region and we are proud to continue to invest in our collective future,” Chairman Campo said.
Last month, during its regular meeting, the Port Commission also awarded approximately $30 million towards continued investments in landside infrastructure and terminal operations.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley-Daniels, Director, Media Relations, Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Low-emission, Natural Gas-fueled Solution Supports Customer’s Reliability and Environmental Goals
VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #capstone--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Horizon Power Systems, Capstone's exclusive distributor for the Rocky Mountain States, Oklahoma, Arizona, and Western Provinces of Canada, has secured an order for two C200S high-pressure natural gas systems from a Canadian firm that provides mobile power to upstream oil and gas sites.
"With climate change becoming a larger factor in business strategy, the oil and gas industry is looking for cleaner, cost-effective, and reliable power alternatives," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. "Capstone's microturbine technology provides a significant opportunity to help companies in any number of industries do better for the environment while maintaining their bottom line with cost-effective solutions," added Mr. Jamison.
Committed to leading the industry away from higher emission diesel power, the customer selected Capstone's microturbine technology for its low-emission, high-efficiency performance using clean-burning natural gas as a fuel. Other important factors included the systems' high reliability and low maintenance requirements, particularly in remote, off-grid locations. The microturbines can also be easily integrated into utility power or microgrids where and when needed, given their range of power outputs. Eliminating the need to truck diesel fuel into well sites reduces costs and lowers emissions, while the microturbines' quiet operation makes for a more pleasant environment.
The systems are expected to be operational in the third quarter of 2022. This is the first order Capstone has secured where the customer purchased the microturbine units to rent to its own oil and gas customers. The units will likely be installed at remote well sites and are sufficiently rugged and reliable for use in harsh Canadian weather conditions and environments.
"Our customer is committed to providing clean and reliable mobile power fueled by natural gas rather than environmentally unfriendly diesel," said Sam Henry, President of Horizon Power Systems. "Capstone clean energy microturbine-based systems are the ideal power source to help the company fulfill its promise to customers," concluded Mr. Henry.
About Horizon Power Systems
For over 20 years, Horizon Power Systems has worked exclusively with Capstone Green Energy to provide microturbine systems across the Rocky Mountain region in the United States and Western Canada. Its approximately 800 installed microturbines have logged millions of documented runtime operating hours. The Horizon Power System's team takes a total systems approach when determining a client's energy requirements to provide an engineered microturbine power system that fulfills unique energy needs. The company specializes in combined heat and power systems, trigeneration, microgrid power, and prime power.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three full fiscal years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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Training in Energy Efficiency, Electrification and Decarbonization Gives Architects, Engineers, Building Maintenance Professionals, HVAC Technicians and Others a Competitive Advantage
OAKLAND, Calif.--(BUSINESS WIRE)--Please replace the release dated June 13, 2022 with the following corrected version due to updated links in the second and sixth paragraphs.
The updated release reads:
PG&E’S ENERGY TRAINING CENTERS OFFER FREE EDUCATIONAL RESOURCES
Training in Energy Efficiency, Electrification and Decarbonization Gives Architects, Engineers, Building Maintenance Professionals, HVAC Technicians and Others a Competitive Advantage
With California’s burgeoning energy efficiency, electrification and decarbonization workforce expected to grow at least 8 percent in coming years, Pacific Gas and Electric Company (PG&E) is helping ensure current and future workers are ready to succeed.
Through PG&E Energy Training Centers, California clean energy workers and jobseekers can access more than 400 educational resources to help expand their technical skills.
Programs include live, online energy efficiency classes led by experts in fields such as architecture, construction, maintenance, and homebuilding. The courses provide training in new technology and practical skills architects, engineers, HVAC technicians and others can apply on their jobs immediately.
“We are proud to provide those who design, build and operate buildings in California with a broad range of no-cost, high-quality training experiences that will help them participate to their fullest potential in achieving California's climate goals, expand their skills and advance along their own career pathway,” said Angela McDonald, Workforce Education & Training Manager
New courses added this year expand training on the benefits of electrification and advanced electric technology such as pump water heating, induction cooking and heat pump space heating and cooling.
Anyone can sign up for a free online course by visiting the Energy Centers catalog of classes.
The Energy Centers also offer resources for K-12 school programs, training to obtain certifications, and a free tool lending library for specific projects.
For more information, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations; are scheduled to participate in meetings with investors at the J.P. Morgan 2022 Energy, Power & Renewables Conference in New York City on both Wednesday and Thursday, June 22-23, 2022. Mr. Lindsay will participate in an analyst Q&A session on behalf of the Company on Thursday, June 23, 2022, at 10:20 a.m. U.S. ET.
Investor slides to be used during the conferences are available for download on the company’s website, within Investors, under Presentations.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announced today the results of voting at its annual meeting of shareholders held on June 17, 2022 (the “Meeting”). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual Meeting of Shareholders and Management Information Circular of Anaergia dated May 5, 2022 (the “Circular”).
There were present at the meeting registered shareholders and proxy holders holding or authorized to vote 18,132,849 subordinate voting shares (carrying one vote per share), being 56.71% of the issued and outstanding subordinate voting shares of Anaergia, and one registered shareholder authorized to vote 32,222,369 multiple voting shares (carrying four votes per share), being 100% of the issued and outstanding multiple voting shares of Anaergia.
Election of Directors
Each of the nominee directors listed in the Company’s Circular was elected as a director. The voting results for the seven directors nominated for election are set forth in the table below:
Name of Nominee |
Votes For
|
% |
Votes Withheld
|
% |
||||
Dr. Andrew Benedek |
143,245,095 |
97.57% |
3,572,592 |
2.43% |
||||
Dr. Diana Mourato Benedek |
142,624,481 |
97.14% |
4,193,206 |
2.86% |
||||
Peter Gross |
143,407,464 |
97.68% |
3,410,223 |
2.32% |
||||
Francis J. McKenna |
137,948,101 |
93.96% |
8,869,586 |
6.04% |
||||
Douglas Fridrik Parkhill |
143,022,912 |
97.42% |
3,794,775 |
2.58% |
||||
Alan Viterbi |
143,318,041 |
97.62% |
3,499,646 |
2.38% |
||||
Richard Chow |
143,175,619 |
97.52% |
3,642,068 |
2.48% |
Appointment of Auditors
KPMG LLP was appointed as auditor of Anaergia and the directors were authorized to fix the auditor’s remuneration by a resolution passed by a majority of the shareholders represented by proxy at the Meeting. The following represents the votes received with regard to such matter:
Votes For (Aggregate) |
% |
Votes Withheld (Aggregate) |
% |
|||
147,017,671 |
100.00% |
4,654 |
0.00% |
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.
For further information please see: www.anaergia.com
Source: Anaergia Inc.
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.
For investor relations please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
NORMAL, Ill.--(BUSINESS WIRE)--Rivian today announced plans for a large-scale wind turbine at its Normal manufacturing campus that is intended to provide clean energy to enable new R1 vehicles to be powered by renewables for their first charge.
Earlier this year, at the plant’s outbound charging yard, Rivian installed a 783-kilowatt solar canopy that is scheduled to begin generating electricity later this summer.
The wind turbine project supports the company’s long-term renewable energy vision of developing high-impact projects that reduce its carbon footprint while also benefiting customers, communities, and the electrical grid.
The turbine is designed for a capacity of at least 2.8 megawatts and to be capable of generating nearly 10 million kilowatt-hours of electricity a year – enough to power 890 average US homes. Over its 25-year lifetime, it could avoid around 177,000 tons of carbon dioxide equivalent emissions – the equivalent of taking roughly 34,000 internal combustion engine vehicles off the road for one year.
“To us, our job isn’t done when our vehicles come off the line,” said Andrew Peterman, Rivian Director of Renewable Energy. “While we’re working hard to help electrify transportation, we’re also pushing to accelerate the shift to carbon-free electricity for all. This wind turbine is an early step on that path, and it’s also a beacon of our vision for a clean energy future.”
To construct the turbine, Rivian is partnering with Apex Clean Energy, a Virginia-based renewable energy development company with projects across the United States, including 500 megawatts of wind in Illinois.
Rivian submitted a permit application to the Town of Normal, Illinois, in June, and the Town’s Planning Commission will consider approval this summer.
The proposed wind turbine would be less than 510 feet tall, with white, non-reflective blades. The planned site is on the east side of Rivian’s manufacturing campus, inside the vehicle test track. To identify an appropriate location, Rivian commissioned studies on potential impacts from sound and shadow flicker and to threatened and endangered species, cultural resources and communication systems. Sound is estimated to average 35 decibels and reach a maximum of 42 decibels – about the level of a refrigerator.
The wind project aligns with Rivian’s strategy of adding renewable resources to parts of the country that need them most. Illinois’ grid is powered by 11% renewables.
Rivian has signed the Climate Pledge to reach net-zero carbon emissions by 2040, 10 years ahead of the Paris Agreement. The company has also set ambitious internal targets along the way.
About Rivian
Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at rivian.com.
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