MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) today announced that Megan Burkhart has been elected to the company’s board of directors effective immediately.
Burkhart is an accomplished executive with decades of experience in human resources (HR), compensation, culture, and diversity, equity and inclusion (DE&I). She currently serves as executive vice president, chief human resources officer at Comerica Incorporated, a major financial services company headquartered in Dallas, Texas. She is responsible for leading the bank’s people strategy and organization for the $94 billion company. Prior to her current role, Burkhart served as senior vice president and director of compensation. She joined Comerica in 1997.
“Megan is an outstanding leader and we’re pleased to have her join our board,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “Megan’s extensive HR experience in a heavily regulated industry will contribute to our continued Board excellence in oversight around the rapidly evolving world of people, executive compensation, DEI and environmental social governance (ESG).”
At Comerica, Burkhart led the company’s redesign of all executive compensation programs to drive financial performance, align with shareholder interests and ensure market competitive compensation. She also accelerated the company’s DE&I efforts through recruitment, established an executive diversity council as well as a new diversity scorecard to drive leadership accountability. Comerica’s DE&I programs are regularly recognized by external organizations including: 11 years listed on the DiversityInc Top Regional Companies, most recently named a Top Noteworthy Company for Diversity and a perfect score of 100 for the 8th consecutive year on Human Rights Campaign Foundation’s Corporate Equality Index.
Burkhart currently serves on the boards of Genesis Women’s Shelter, the Girl Scouts of North Texas, and Austin Street Center. She earned a bachelor's degree from Miami University in Oxford, Ohio.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
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Implemented facility upgrades will reduce utility and operational costs
FRAMINGHAM, Mass. & BALTIMORE--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the first phase completion of its $3.5 million energy conservation project with Baltimore City Public Schools (City Schools). As part of the project, Ameresco provided facility lighting upgrades and enhancements to improve the energy efficiency of 15 school buildings within City Schools.
The project consisted of replacing existing interior and exterior lighting with LED lighting. Compared to the existing lighting, LEDs are more energy efficient, need less maintenance, and provide good quality light for students and staff. Some of the lighting also included occupancy sensors so that the lights will turn off automatically when no one is present. The project is estimated to earn City Schools a $500,000 rebate from BGE, the local utility, and save over $400,000 annually in lower electricity costs. The 15 schools include elementary, middle, and high schools located throughout Baltimore City.
“Partnering with Ameresco on this project has provided the improvements we needed. Their support and expertise helped us navigate this important project smoothly and without disturbing student learning,” said Dr. Lynette Washington, Chief Operating Officer. “From the initial investment grade audit to the completion of this first phase of work, Ameresco has helped us generate energy savings and provide enhanced learning environments for our students.”
“With the completion of this project, we continue to expand our presence as a leading provider of energy-efficient solutions to educational institutions across the country. In fact, this project marks our first K-12 energy conservation project in Maryland, and we’re eager to continue our progress of implementing energy efficient and renewable solutions across the state and fostering a cleaner world for generations to come,” said Pete Christakis, Senior Vice President, Construction and Operations, Ameresco.
Construction began in November 2021 and reached completion by May 2022. A second phase of energy efficiency upgrades will be discussed between Ameresco and City Schools in the coming months.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About Baltimore City Public Schools
Serving nearly 78,000 students, Baltimore City Public Schools is committed to providing world-class education through the Blueprint for Success which addresses the critical areas of student wholeness, literacy, and staff leadership. The goal of City Schools is to create learning communities where our students will learn, grow, and graduate from our high schools, college, and career ready, and equipped to succeed wherever their life may take them.
The announcement of a customer’s completion of a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of March 31, 2022.
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Investment Accelerates Deployment of e-Mission Control’s Global Clean Fuels Technology Platform
SACRAMENTO, Calif.--(BUSINESS WIRE)--#cleanfuelprograms--e-Mission Control (eMC) is excited to announce that it has closed its Series A round of funding from Nashville-based venture capital firm Skyview Ventures, one of the most experienced early-stage cleantech venture firms in the United States. Skyview Ventures is responsible for billions of dollars of electric vehicle charging deployment and structured environmental attribute financing.
Founded in 2019 as a vibrant subsidiary of parent company Momentum, e-Mission Control designs, manages, and executes electricity consumption data platforms and services for forward-thinking on- and off-road vehicle fleet operators. e-Mission Control’s technology platforms have allowed the company to emerge as one of the largest and fastest-growing clean fuel program service providers in North America. A combination of robust data collection and tracking, operational efficiency, unparalleled transparency, and quality customer support distinguish e-Mission Control as a leader in the transportation SaaS space.
“We are excited to partner with e-Mission Control and its CEO, Todd Trauman,” said Skyview Capital President, Andrew Karetsky. “Todd and his team have done a remarkable job of creating a SaaS solution that is manageable and profitable for companies with electric fleets along the West Coast. As clean fuel programs roll out in other states and around the world, e-Mission Control will have the opportunity to greatly expand its services to become a leading global solutions and technology provider in the transportation arena.”
e-Mission Control’s clean fuel technology platform currently facilitates access and participation for hundreds of fleets and tens of thousands of pieces of equipment in both California and Oregon.
“As more and more states adopt clean fuel regulations, e-Mission Control’s technologies will be a great asset to companies of all sizes that want to access new revenue streams to buy down the total cost of ownership of electrification and advance their sustainability goals,” stated Todd Trauman.
Aligning with its core mission to focus on early-stage startup companies in the electric vehicle infrastructure space, Skyview Ventures President, Andrew Karetsky, and Structured Funding Director, Nick Stoker, led the round of funding.
About e-Mission Control
e-Mission Control designs, manages, and executes electricity consumption data platforms and services for forward-thinking on- and off-road vehicle fleet operators. With a specific focus on clean fuel programs in California, Oregon, Washington, and British Columbia, e-Mission Control partners with owners and operators of zero-emission vehicles and equipment at airports, seaports, retailers, grocers, manufacturers, campuses, distribution facilities, municipalities and many others along the West Coast and beyond. For more information, please visit www.e-missioncontrol.com
About Skyview Ventures
Skyview Ventures transacts, advises, and invests in renewable energy and carbon reduction markets and companies across North America and operates businesses in environment commodities, solar and battery storage development, and electric vehicle infrastructure. Founded in 2008, Skyview has successfully completed over $2 billion in structured environmental attribute financing, 100 MW of solar development and 400+ EV charging ports. Skyview’s operating businesses provide insights and access to innovative companies. Skyview is uniquely positioned to identify, invest in, and grow the companies that will lead the energy decarbonization transformation. Currently, Skyview has 21 active investments and has realized two exits, including most recently SRECTrade: https://skyviewventures.com/portfolio/.
About Momentum
Momentum designs and develops innovation campaigns for forward-thinking organizations working to deploy transformative energy, transportation and manufacturing technologies. Founded in 2005, the company has grown to be among the most sought-after technology and commercialization partners in North America. The company’s “Innovation Campaign” approach generates results: together with more than 1,000 clients and partners, Momentum has developed more than $6 billion in technology deployments—globally significant innovations in partnership with dozens of Fortune 1000 companies like Berkshire Hathaway Energy, Sempra Energy, SoCalGas, Sacramento Municipal Utility District (SMUD), Amazon, Volvo, General Motors, Schneider Electric, and Waste Management, as well as demonstration partners at hundreds of campuses, air- and sea-ports, public- and investor-owned utilities, and manufacturing and distribution facilities. Along the way, Momentum has assisted hundreds of early-stage and pre-commercial cleantech startups in plotting a course to successful funding and commercialization and assisted in the development and management of nine clean technology-focused incubators and accelerators that have invested $300M+ in 400 early stage companies, leveraging an additional $1 billion in private investment.
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that two of its subsidiaries, Sabine Pass Liquefaction, LLC (“SPL”) and Cheniere Marketing, LLC (“Cheniere Marketing”), have each entered into long-term liquefied natural gas (“LNG”) sale and purchase agreements (each, an “SPA”) with Chevron U.S.A. Inc. (“Chevron”), a wholly-owned subsidiary of Chevron Corporation (NYSE: CVX). At plateau, Chevron will purchase a combined 2.0 million tonnes per annum (“mtpa”) of LNG from Cheniere subsidiaries, subject to certain conditions described below.
Under the first SPA, Chevron has agreed to purchase approximately 1.0 mtpa of LNG from SPL on a free-on-board (“FOB”) basis. Deliveries under the SPA will begin in 2026, reach the full 1.0 mtpa during 2027 and continue until mid-2042. Under the second SPA, Chevron has agreed to purchase approximately 1.0 mtpa of LNG from Cheniere Marketing on an FOB basis with deliveries beginning in 2027 and continuing for approximately 15 years. The Cheniere Marketing SPA is subject to Cheniere making a positive final investment decision to construct additional liquefaction capacity at the Corpus Christi LNG Terminal beyond the seven-train Corpus Christi Stage III Project. The purchase price for LNG under the SPAs is indexed to the Henry Hub price, plus a fixed liquefaction fee.
Additionally, Cheniere’s subsidiary, Sabine Pass LNG, L.P. (“SPLNG”), and Chevron have agreed to terms for the early termination of their LNG Terminal Use Agreement (the “TUA”) in return for a lump sum payment to be made by Chevron to SPLNG during calendar year 2022. Termination of the TUA is subject to the consent of certain lenders to Cheniere Energy Partners, L.P., expected during the third quarter of 2022.
“We are pleased to welcome Chevron, one of the world’s premier integrated energy companies, as a valued long-term LNG offtaker,” said Anatol Feygin, Cheniere’s Executive Vice President and Chief Commercial Officer. “These long-term SPAs underscore the growing demand for reliable, cleaner burning LNG supply beyond 2040 and further support investment in additional LNG capacity beyond our Corpus Christi Stage III Project. We look forward to leveraging our market-leading LNG platform to explore opportunities to collaborate with Chevron on lower-carbon initiatives in the future.”
"Our strategy is to deliver lower carbon energy to a growing world," said Colin Parfitt, Chevron Vice President, Midstream. "Our agreements with Cheniere allow us to harness growing U.S. natural gas production and Gulf Coast LNG export capacity to help meet long-term demand for affordable, reliable, and ever cleaner energy.”
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 mtpa of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
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Acquisition will enable greater manufacturing capacity, supply chain control and flexibility in support of scaling Crusoe’s Digital Flare Mitigation®, Crusoe Cloud™ and other data center operations
DENVER--(BUSINESS WIRE)--Crusoe Energy Systems LLC (Crusoe) today announces that it has acquired Denver-based Easter-Owens Electric Co. (Easter-Owens), the manufacturer of modular data centers and specialized electrical systems. The acquisition follows several years of close cooperation between the companies as Crusoe has optimized and scaled its fleet of modular data centers that eliminate natural gas flaring and related emissions. The acquisition of Easter-Owens represents an extension of Crusoe’s existing strategy to vertically integrate key operational capabilities across climate-aligned power sourcing, modular infrastructure systems and digital technologies.
Crusoe looks forward to investing in and expanding Easter-Owens’ existing employee base, technologies and facilities to accelerate the expansion of Crusoe’s Digital Flare Mitigation®, Crusoe Cloud™ and other data center operations. Crusoe was recently ranked as the No. 1 best small company to work for in Colorado by The Denver Post.
Highlights:
Crusoe’s integration strategy began with a unique approach to power generation by installing, owning and operating large-scale power generation systems fueled by otherwise wasted and flared natural gas. Today Crusoe’s integrated business operations extend across power generation, networking systems, data center automation, software, trading, risk management, logistics, specialized maintenance capabilities, electrical systems, data center design and fabrication, among other areas.
“Crusoe and Easter-Owens have worked together closely for several years, and we see many strategic opportunities through the integration of Easter-Owens’ design and manufacturing capabilities into Crusoe’s business,” said Crusoe’s Co-Founder, President and Chief Operating Officer, Cully Cavness. “I have a great deal of respect for the Easter family and know that the decision to sell their business was made with much care and attention to the culture and mission of the acquiring company. On behalf of the Crusoe team, we are honored to have been selected. To the Easter-Owens employees joining Crusoe, I want to communicate our commitment to help you integrate successfully into our team and to make your future here safe, rewarding and fulfilling.”
Crusoe currently operates approximately 100 modular data centers that consume otherwise flared natural gas across Montana, North Dakota and Colorado and has planned expansions to additional domestic and international areas of operation, as well as new carbon-reducing power sources. Since launching in 2018, Crusoe has become a leading American Bitcoin validator and in 2022 launched Crusoe Cloud®, a cloud computing platform optimized for energy-intensive High-Performance Computing (“HPC”) workloads. Crusoe’s combined growth plans will require a significant ramping in data center fabrication, which will be supported by the facilities acquired through Easter-Owens.
Easter-Owens is a third-generation family business with a storied history in the Denver community and the electrical design and fabrication industry and has been a major supplier to Crusoe since 2020. Easter-Owens has provided high quality fabrication services for businesses and governments since its founding in 1955. Crusoe, founded by two Denver natives, aims to expand upon the strong foundation laid by the Easter family. The Easter family will assist and consult with Crusoe’s management team throughout the integration process.
“Cully, Chase and the Crusoe team are building an innovative and important business in our hometown of Denver that aligns with the values and culture of Easter-Owens and the Easter family,” said Easter-Owens’ CEO, Dave Easter. “I am very happy that Easter-Owens’ team will be part of this fabulous company and couldn’t be more excited for their future with the Crusoe family. I look forward to helping ensure a smooth and successful transition for all involved.”
About Crusoe Energy Systems Inc.
Crusoe is on a mission to align the future of computing with the future of the climate. We are the pioneers of clean computing infrastructure that reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power crypto, cloud and data centers, we are creating the future of compute-intensive innovation that reduces emissions rather than adds to them. The world’s appetite for computation, energy, and progress will never stop growing. Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate.
More Information:
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Holly Gordon
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Fifth Wall Climate Tech leads round that includes Amazon, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries and Rio Tinto; investment will support deployments of Electric Hydrogen's pioneering electrolyzer technology
BOSTON--(BUSINESS WIRE)--Electric Hydrogen (EH2) today announced a $198 million financing to support their efforts in making cost competitive fossil-free hydrogen. The round consisted of Series B equity and venture debt from top investors. Fifth Wall Climate Tech led the round, with participation by S2G Ventures, and lenders Silicon Valley Bank and Trinity Capital. Strategic investors included Amazon’s Climate Pledge Fund, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries, and Rio Tinto. Previous investors Breakthrough Energy Ventures, Capricorn Partners, Energy Impact Partners, and Prelude Ventures also participated.
The funding will support the scale-up of EH2’s high throughput electrolyzer technology and the manufacturing and deployment of demonstration projects to produce fossil-free hydrogen (also known as “green hydrogen”) at large scale for industrial and infrastructure applications.
Hydrogen, when produced in places with abundant and clean electricity, is a promising pathway for decarbonizing industries not amenable to electrification, like steel, fertilizer and intercontinental energy transport, that account for more than a third of global GHG emissions.
EH2’s patented approach to electrolysis – the process of producing hydrogen from electricity and water – is specially designed for the high-volume, low-cost production required to support massive industrial operations. Their systems run on 100% clean energy, working seamlessly with cheap variable renewable power.
“This round represents more than an investment in a company. It’s the biggest step yet toward meeting the urgent challenge of decarbonizing hard-to-decarbonize industries that are both essential to modern life and huge sources of GHG emissions,” said Peter Gajdoš, Partner at Fifth Wall and Co-Lead of the Climate Investment team. “We’ve been searching for the most promising answers to that challenge and found one in EH2. Their team, cross-disciplinary expertise and visionary technology place them at the forefront of the race to make deep cuts in industrial emissions with compelling economics.”
Led by cofounders Raffi Garabedian and Dave Eaglesham, former executives at First Solar, Dorian West, former engineering lead at Tesla, and Derek Warnick, former Company Builder at Breakthrough Energy Ventures, Electric Hydrogen’s team brings together expertise in multiple sectors, from engineering and finance to manufacturing.
“This funding round fuels the next phase of our evolution. We’ve demonstrated our enabling core technology, built an amazing team and now have the capital we need to get our technology out into the world and start curbing emissions,” said Raffi Garabedian, CEO of Electric Hydrogen. “Just as importantly, the participation of strategic partners at the forefront of the industries we are poised to decarbonize–energy, mining, logistics, and heavy manufacturing, to name a few–provides vital insight that will facilitate and accelerate our path to market.”
“Through our commitment to The Climate Pledge, Amazon has a goal to be net-zero carbon by 2040,” said Kara Hurst, Vice President for Worldwide Sustainability at Amazon. “We are proud to support Electric Hydrogen’s innovative efforts to scale the green hydrogen economy and to meet the decarbonization needs of hard-to-abate sectors like freight transportation and ocean shipping.”
Rio Tinto Chief Scientist Nigel Steward said, “Rio Tinto is investing in Electric Hydrogen to support the development of emerging technologies with the potential to help decarbonize our operations and supply chains. We produce materials that are increasingly required for our society’s transition to a low carbon future, so it is critical to pursue new ways to work towards net zero in supplying them.”
“The energy transition represents an opportunity for Equinor Ventures to leverage its leading position within carbon management and hydrogen, and to develop and grow new value chains and markets. We are pleased to announce the investment in Electric Hydrogen as they scale up green hydrogen production to GW-scale,” said Gareth Burns, Head of Equinor Ventures.
About Electric Hydrogen
Electric Hydrogen (EH2) is a deep decarbonization company pioneering new technology for low-cost, high-efficiency, fossil-free hydrogen systems. Focusing on industrial applications of hydrogen in steel, ammonia and freight transport, EH2’s goal is to help eliminate more than 30% of global GHG emissions from hard-to-electrify industries. Their leadership team has revolutionized other clean energy sectors at Tesla and First Solar and they are backed by world-class climate tech investors like Breakthrough Energy Ventures, Prelude Ventures, Capricorn Investment Group, Energy Impact Partners, Fifth Wall Climate Tech and S2G Ventures. The company also has partnerships with strategic investors that are leaders in their target sectors, including Amazon Decarbonization Fund, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries and Rio Tinto.
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- Partnership further cements Xebec’s hydrogen leadership in providing technology for industrial and fuel cell applications -
MONTREAL--(BUSINESS WIRE)--Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed an agreement to supply its proprietary Pressure Swing Adsorption (“PSA”) technology to support the deployment of Haffner Energy’s (PA: ALHAF) HYNOCA® solution. HYNOCA® is a unique and cost-effective technology for decarbonizing and producing green carbon negative hydrogen and renewable gases by thermolysis of biomass. Pursuant to this agreement, an initial multi-million Euro purchase order for 8 standardized PSA units was signed for delivery in 2023. This contract showcases Xebec’s continued global hydrogen leadership and represents one of the largest contracts in absolute dollar value Xebec has received to date for hydrogen PSAs.
This agreement establishes a mutually beneficial partnership between Haffner Energy and Xebec which is aimed at accelerating the efficient production of green hydrogen while creating local economic benefits and contributing to the circular economy.
“We are delighted with this new collaboration with Xebec, as PSA is the most important technology to guarantee the purity of hydrogen. The quality of its technology combined with its references led us to choose Xebec. This is a decisive step for HYNOCA®. It affirms its position as an immediate and competitive solution to produce super green hydrogen,” said Philippe Haffner, CEO and Chairman of Haffner Energy.
“We are excited to be working with a leader like Haffner Energy as we collectively progress towards a lower carbon future utilizing cleaner hydrogen,” stated Mike Munro, Chief Operating Officer of Xebec Adsorption Inc. “Haffner has developed a unique process that is enhanced by our PSA technology to produce green hydrogen at a lower cost and emission profile than other methods. We need a variety of solutions as we tackle the broader energy transition and it’s great to see Xebec’s products utilized in these emerging applications.”
Related links:
https://www.xebecinc.com
https://www.haffner-energy.com/?lang=en
About Haffner Energy
A family-owned company co-founded and co-led by Marc and Philippe Haffner, player in the energy transition for 28 years, Haffner Energy designs and provides technologies and services that enable its customers to produce green hydrogen and renewable gas replacing natural gas, combined with carbon capture through the co‑production of biochar via its Hynoca® process based on thermolysis of biomass. This process allows the production of hydrogen or renewable gas at highly competitive costs, with negative carbon balance of 12 kg (net) of CO2 per kg of hydrogen, while depending very little on the electricity grid and the cost of electricity. This allows Haffner Energy to make a very rapid and agile contribution to the strategic challenges of Europe's energy independence combined with the acceleration of its decarbonization.
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, carbon capture, oxygen and nitrogen which is supported by a service network under the brand “XBC Flow Services”. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with nine manufacturing facilities, seventeen Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Cautionary Statement
This press release contains forward-looking statements within the meaning of applicable Canadian securities law. These statements relate to future events or future performance and reflect the expectation of Management regarding the growth, results of operations, performance and business prospects and opportunities of the Corporation or its industry. Forward-looking statements typically contain words such as “believes”, “expects”, “anticipates”, “continues”, “could”, “indicates”, “plans”, “will”, “intends”, “may”, “projects”, “schedules”, “would” or similar expressions suggesting future outcomes or events, although not all forward-looking statements contain these identifying words. Examples of such statements include, but are not limited to, statements concerning: (i) targeted cost and emission reductions of green hydrogen as noted in this press release.
These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties that may cause the Company’s actual results, level of activity or performance to be materially different from any future results, levels of activity or performance expressed in or implied by these forward-looking statements. These risks include, generally, risks related to the ability of the Corporation to execute its strategy, operating results, purchasing third party supplies for key materials and components in a timely and cost effective basis, industry and products, technology, competition, ability to attract and retain qualified personnel, ability to manage successfully the anticipated expansion of our operations, the economy, the sufficiency of insurance and other factors which are discussed in greater details in the most recent quarterly management discussion and analysis (“MD&A”) and in the Annual Information Form of the Corporation filed on SEDAR at www.sedar.com.
Forward-looking statements contained herein are based on a number of assumptions believed by the Corporation to be reasonable as at the date of this press release, including, without limitations, assumptions about trends in certain market segments, the economic climate generally, the pace and outcome of technological development, the identity and expected actions of competitors and customers, the value of the Canadian dollar and of foreign currency fluctuations, interest rates, the anticipated margins under new contracts awards, the state of the Corporation’s current backlog, the regulatory environment, and the procurement of key material and components of products. If these assumptions prove to be inaccurate, the Corporation’s actual results may differ materially from those expressed or implied in the forward-looking statements. The forward-looking statements contained herein are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Except to the extent required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements contained herein. Readers should not place undue reliance on forward looking statements.
Investor Relations:
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Adam Bedard brings 25+ years of leadership in energy and technology to Validere.
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--#corporatedevelopment--Validere, a leading all-in-one commodity and carbon management software for the energy industry, welcomes Adam Bedard as Chief Strategy and Corporate Development Officer. Bedard will drive strategic initiatives, oversee corporate development including M&A, develop key partnerships, and accelerate growth.
Bedard brings his deep knowledge of energy infrastructure operations, markets, and carbon strategies to Validere. Prior to joining the company, Bedard held the role Strategic Accounts at Palantir Technologies, a leading big data and AI technology company.
Prior to Palantir, Bedard was the co-founder and CEO of ARB Midstream, the largest privately held Denver-based midstream company, operating over 1,500 miles of pipeline and 2 million barrels of storage throughout the inland corridor of North America. In 2020, he was recognized as an Entrepreneur of the Year Mountain Desert Region by Ernst & Young for his exceptional leadership in growing ARB Midstream.
“We are proud to have such a strategic industry leader join the Validere team,” says Nouman Ahmad, co-founder and CEO of Validere. “Adam's wealth of industry knowledge and depth of experience in growing companies will play a vital role in our future development.”
A professional engineer with a BS in Civil Engineering from the University of Colorado Boulder and an MBA in Finance from the Wharton School, Bedard began his career as an environmental engineer focused on unconventional energy development. He also served as the VP of Strategy for a publicly traded midstream MLP, which completed $2.5 billion in acquisitions over a two-year period.
“For the entirety of my career, I have seen the value of leveraging data and analysis to inform key operating and commercial decisions,” says Bedard. “Technology and data are essential for companies to not only navigate the challenging issue of carbon, but also leverage that same information to thrive. The shift toward a lower carbon intensity future—combined with the proliferation of high frequency data—demands it. Validere has an incredible team, and their software and industry knowledge combined are the best in the market.”
About Validere
Validere provides all-in-one commodity management to help energy organizations transform disconnected, incomplete data into clear and immediately actionable pathways to financial and environmental value. Over 50 of North America’s leading energy companies rely on Validere’s technology and multidisciplinary experts to understand their physical and environmental commodities and navigate an increasingly complex environment with clarity and ease. Validere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable. The company has offices in Houston, Calgary, and Toronto.
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Validere
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LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that former nVent Director Ronald Merriman has been named to the 2022 National Association of Corporate Directors (NACD) Directorship 100. The Directorship 100 list recognizes directors who “serve as role models in promoting exemplary board leadership, oversight and courage in the boardroom.”
“Ron served as a director of nVent’s board since the spin in May of 2018. He joined Pentair’s Board of Directors in 2004 and has had a long history with the business. Ron was a key contributor to help nVent spin as an independent company, navigate through the challenges of the pandemic and provide valuable mentorship to the nVent management team. Ron – thank you for being a valued leader, partner and director. Congratulations on this prestigious recognition,” said nVent’s Chief Executive Officer Beth Wozniak.
Ronald L. Merriman
Ronald L. Merriman served on nVent’s Board of Directors from the company’s launch until May 2022 and is the former Chair of nVent’s Audit and Finance Committee. Mr. Merriman is a retired Vice Chairman and partner of KPMG LLP, a global accounting and consulting firm, where he held various leadership roles from 1967 to 1997. At KPMG LLP, Mr. Merriman served as a Vice Chairman of the Executive Management Committee. He also led KPMG’s Global Transportation and Logistics Practice and its Global Healthcare Practice and served as its U.S. Liaison Partner for Asia. More recently, Mr. Merriman founded Merriman Partners, a management advisory firm, in 2003 and served as its managing partner from 2004 to 2011. Prior to that, he served as managing director of O’Melveny and Meyers LLP, a global law firm, as Executive Vice President of Carlson Wagonlit Travel, and as President of Ambassador Performance Group, Inc. Mr. Merriman has served as a director of Realty Income Corporation since 2005.
NACD
NACD is a nonprofit membership organization for corporate directors that work together to serve as trusted catalysts of economic opportunity and positive change.
About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.
nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.
Stacey Wempen
Director, External Communications
nVent
763.204.7857
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SEATTLE--(BUSINESS WIRE)--#fusion--Zap Energy has officially marked a critical engineering milestone by creating the first plasmas — the hot, dense form of matter found in stars — in FuZE-Q, their new prototype designed to reach the long-sought target of Q=1, where the process of nuclear fusion inside a plasma yields more energy than was consumed to create it.
The first plasmas in FuZE-Q come on the heels of progress last year showing the company’s innovation of sheared-flow stabilization continues to extend the lifetime of Z-pinch plasmas at 500 kiloamps (kA) of current.
To accelerate the pace of bringing its technology to market, the company is also announcing the close of $160 million in Series C funding.
No magnets required
The key to Zap Energy’s success is a breakthrough method of confining and compressing plasma called a sheared-flow-stabilized (SFS) Z pinch. In Z-pinch fusion a line of plasma carrying an electrical current generates its own magnetic field that “pinches” the plasma until it’s hot and dense enough for fusion to occur. SFS then helps sustain the plasma by suppressing instabilities that have plagued historical attempts at Z-pinch fusion.
Compared to prevailing approaches to fusion, Zap Energy’s technology is incredibly elegant and does not require any superconducting magnets or high-powered lasers. A simpler method of producing fusion means an opportunity to build smaller, less complex, more scalable systems that will more quickly bring fusion energy to the grid.
The conceptual basis for the technology was developed at the University of Washington (UW) together with collaborators from Lawrence Livermore National Laboratory. UW professors Uri Shumlak and Brian A. Nelson teamed up with entrepreneur and investor Benj Conway to co-found Zap Energy in 2017 to accelerate and ultimately commercialize the research. The company now has over 60 employees based in Seattle, Everett and Mukilteo, Washington.
“Z pinch has long been an appealing way to achieve nuclear fusion, but for many years researchers considered Z-pinch’s plasma instabilities to be an insurmountable challenge,” says Shumlak, who serves as Zap Energy’s Chief Science Officer and is also a UW Professor of Aeronautics & Astronautics. “We’ve shown through both simulation and experiment that sheared flows can stabilize fusion plasmas, and that the stability should extend to a commercially viable scale. The Zap Energy team has made rapid progress since this technology moved out of the lab, especially with recent team and investment growth.”
Fusion conditions
The more current used to make a Z pinch, the hotter and denser it will be, so climbing to higher and higher currents is a key part of advancing Z-pinch fusion. Having reached 500 kA and the limits of its current hardware capabilities this past fall, Zap Energy will now begin operation on its next-generation platform, known as FuZE-Q, and install a cutting-edge power bank later this year. The new system will be designed for the levels of current needed to reach an equivalent point of a scientific energy breakeven, where the energy coming out of the Z pinch will be greater than the energy put in to create it. Scientific modeling predicts the Q=1 equivalent point will occur around 650 kA of current.
“FuZE-Q is the fourth generation of Z-pinch device that we’ve built and is undoubtedly the most ambitious,” notes Nelson, Chief Technology Officer. “We designed it to be versatile, resilient and tunable in lots of ways that will be critical as we ramp to higher currents, temperatures and densities.”
“To be a practical energy source, we need to go well beyond Q=1, but if you want to get fusion on the grid in time to make a difference to the planet, then the ability to iterate quickly on a small, cheap platform, is absolutely vital,” says Conway. “We can design, build and test systems at a much faster pace than other approaches and we are working in parallel on technology that we are going to need on the other side of breakeven.”
Series C
Following a $27.5 million Series B in May 2021, Zap Energy’s $160 million Series C funding round was led by Lowercarbon Capital with participation by a new set of investors that includes Breakthrough Energy Ventures, Shell Ventures, DCVC and Valor Equity Partners. Existing financial and strategic investors who have backed the new raise include Addition, Energy Impact Partners (EIP) and Chevron Technology Ventures.
“The team at Zap are getting closer to mass-manufacturable fusion reactors small enough to fit inside a garage,” remarks Clay Dumas, a founding partner at Lowercarbon. “From powering heavy industry to remote communities, this tech could go a long way toward de-fossilizing our economy with energy that’s straight up cheaper, cleaner and more abundant.”
“We believe fusion technologies could be one of the most important developments for the benefit of the climate and society more broadly,” adds Carmichael Roberts, Breakthrough Energy Ventures. “Zap’s approach building on decades of peer-reviewed research in Z pinches represents another critical step towards progressing fusion as a viable carbon-free energy option, and we’re looking forward to working with them as they continue on the path towards commercialization.”
About Zap Energy
Zap Energy is building a low-cost, compact and scalable fusion energy platform that confines and compresses plasma without the need for expensive and complex magnetic coils. Zap’s sheared-flow-stabilized Z-pinch technology offers the shortest potential path to commercially viable fusion and requires orders of magnitude less capital than traditional approaches. Zap Energy has over 60 employees in two facilities near Seattle and is backed by leading financial and strategic investors. Visit Zap online at zap.energy.
Andy Freeberg
Head of Communications
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TORONTO--(BUSINESS WIRE)--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today announced at Collision 2022 partnering with Holaluz, a Spanish green technology company listed on BME Growth since November 2019. Our work together aims to reduce Holaluz’s carbon footprint by identifying priorities to optimize its operations in the AWS cloud with Cloud Carbon Footprint.
According to Gartner®, “organizations are increasingly turning to outside experts for help with strategic and operational sustainability initiatives.”1 In addition to implementing Cloud Carbon Footprint, one of the industry’s first multi-cloud carbon footprint tools, Thoughtworks worked alongside Holaluz’s IT organization to produce sustainability metrics for stakeholders. Cloud Carbon Footprint supports companies, such as Holaluz, to reconfigure, optimize or re-architect to reduce carbon emissions. It does this by breaking down emissions by region, service and project/team to help identify inefficient areas.
“From its founding almost a decade ago, Holaluz has been revolutionizing the electric power sector with a clear vision to connect people to green energy. We created Holaluz with the conviction that companies can be tools to change the world by leading the transformation of the Spanish energy sector with a commitment to the new model of distributed generation and differential supply in self-consumption,” said Carlota Pi, CoFounder and Executive President at Holaluz. “This includes examining the environmental impact of our own operations. As a result, Holaluz has been recognized in 2020 as number one in the electric companies category by Sustainalytics, the world’s leading agency for ESG and corporate governance research and ratings. We are pleased to partner with Thoughtworks to adopt more sustainable strategies and technologies, such as green cloud optimization.”
At the end of last year, Thoughtworks launched its Looking Glass report, a guide to critical technology-driven shifts, which provides organizations with the actionable insights needed to excel in the coming year. Notably, in its latest report, Thoughtworks presented the opportunities for companies to embed sustainability in more activities and practices and included reference to Holaluz’s experience.
“The cloud has enabled a new way of working, yet it brings with it a new, often overlooked, environmental cost. Measuring and tracking cloud-carbon footprint is a critical step to change the trajectory of emissions. With consumers and investors increasingly factoring sustainability into their decision-making, businesses have to measure and publish their progress in this area,” said Elise Zelechowski, who leads Thoughtworks’ global sustainability strategy. “Across our business we seek out partnerships with sustainably-minded organizations and we’re particularly excited to partner with Holaluz, in support of their carbon-reduction mission/revolution."
Thoughtworks has made certain portions of Cloud Carbon Footprint available under an open source license to enable the whole industry to collaborate in supporting the United Nations Framework Convention on Climate Change Paris Agreement’s goal for the information communications technology (ICT) industry to reduce greenhouse gas emissions by 45 percent by 2030.
Supporting resources:
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About Holaluz
Holaluz has the goal of a world powered by 100 percent green energy. This objective is advanced by persuading people to switch to a green energy plan made with 100 percent renewable energy. On average, Holaluz clients can make savings of 10 percent thanks to the intensive use of technology and a people focused business strategy which promotes a trusting relationship with clients.
Created with the conviction that companies can be tools to change the world, Holaluz leads the transformation of the Spanish energy sector with a commitment to the new model of distributed generation and differential supply in self-consumption. Holaluz is a benchmark company not only statistically but also in terms of quality and service innovation. Holaluz was the first electricity company to implement a simplified compensation package in the Spanish market with Holaluz Cloud, a programme that allows the deduction of surpluses from energy bills (in other words, the excess energy produced by solar panels that can’t be consumed in the moment).
At the heart of Holaluz’s strategy is the commitment to a new business model which gives employees flexibility and autonomy to carry out their responsibilities in a way that allows for a better work/life balance. Examples of this approach include goal based tasks and easy scheduling. This holistic business approach has helped Holaluz close in on its target of achieving parity of representation in all areas of the company. This development has come about almost completely organically. (It has only been necessary to apply quotas to the technology team where focus has been applied to gain 100 percent parity.) Holaluz has a positive impact on its employees, the community, and the wider environment. It was the first European power company to be B Corp certified. This authorisation of social and environmental performance beyond profit is shared with 2,400 other companies in 50 countries. Holaluz is also one of the founding companies of “Capitalism with a Conscience in Spain”, a philosophy that recognises the innate potential for business to improve the world.
About Thoughtworks
Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are 10,000+ people strong across 49 offices in 17 countries. Over the last 25+ years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator.
1Gartner, Competitive Landscape: Sustainability Consulting, Aapo Markkanen, Chrissy Healey, Brendan Williams, published January 18, 2022. 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.
Media:
Linda Horiuchi, global head of public relations
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Phone: +1 (646) 581-2568
HAMILTON, Bermuda--(BUSINESS WIRE)--June 22, 2022 – Triton International Limited (NYSE: TRTN) today announced that John Burns, Senior Vice President and Chief Financial Officer, intends to retire at the end of 2022 after more than 25 years with the Company. Mr. Burns will remain in his role until a successor is in place and following his retirement will serve in an advisory role to ensure a smooth transition. The Company has initiated a search for a successor, which will include both internal and external candidates. Triton has engaged Korn Ferry to assist in its CFO search process.
“On behalf of Triton’s Board and the entire Triton team, I would like to thank John for his leadership, dedication and significant contributions over his career with the Company,” said Brian Sondey, Chairman and CEO. “John has been an exceptional CFO for the past 13 years and has helped guide Triton through a period of strong growth and superior shareholder returns while building a talented and experienced finance team. We appreciate that John will remain in his position as we transition to a new CFO and that he has offered to continue as an advisor after our new CFO is in place.”
“It has been an honor and privilege to be a part of Triton’s long history of success. This is a great company with a world-class team and I am deeply grateful to the many colleagues who have helped make my career so memorable and fulfilling," said John Burns. “I’m very proud of what we have accomplished together and I’m excited for the bright future that lies ahead for Triton.”
About Triton International Limited
Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of over 7 million twenty-foot equivalent units ("TEU"), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.
Important Cautionary Information Regarding Forward-Looking Statements
Certain statements in this release, other than purely historical information, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, statements relating to Triton’s business, future performance and the management transition discussed in this release. Statements that include the words "expect," "intend," "plan," "seek," "believe," "project," "predict," "anticipate," "potential," "will," "may," "would" and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton's control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.
These factors include, without limitation, economic, business, competitive, market and regulatory conditions and the following: the impact of COVID-19 on our business and financial results; decreases in the demand for leased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; our customers' decisions to buy rather than lease containers; our dependence on a limited number of customers and suppliers; customer defaults; decreases in the selling prices of used containers; extensive competition in the container leasing industry; risks stemming from the international nature of our business, including global economic trends and geopolitical risks, such as economic and trade disruptions resulting from the ongoing war in Ukraine; decreases in demand for international trade; risks resulting from the political and economic policies of the United States and other countries, particularly China, including but not limited to, the impact of trade wars, duties and tariffs; disruption to our operations from failures of, or attacks on, our information technology systems; disruption to our operations as a result of natural disasters; compliance with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection and anti-corruption; the availability and cost of capital; restrictions imposed by the terms of our debt agreements; changes in tax laws in Bermuda, the United States and other countries; and other risks and uncertainties, including those risk factors set forth in the section entitled "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission ("SEC"), on February 15, 2022, in any subsequent Form 10-Q filed or to be filed by Triton, and in other documents we file with the SEC from time to time.
The foregoing list of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere. Any forward-looking statements made herein are qualified in their entirety by these cautionary statements. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Andrew Greenberg
Senior Vice President
Business Development & Investor Relations
914-697-2900
LONDON--(BUSINESS WIRE)--#energystorage--Highview Power, a global leader in long duration energy storage and essential grid services, has added Dominic Walters to the company’s leadership team as Chief Marketing and Communications Officer (CMCO). Walters will build and lead the company’s marketing, corporate communications, and government team to accelerate demand for its long duration energy storage technology and scale the company’s brand globally.
“Addressing climate change is one of the world’s most urgent issues, and Highview Power is poised to be a leader in the UK and global energy transition journey,” said Walters. “I am excited to be part of this challenge and quickly help establish why long duration energy storage, and Highview Power, is absolutely vital if we want to achieve our global ambitions of net zero.”
“We’re incredibly fortunate that Dominic will be joining Highview Power at this critical juncture as we scale our renewable energy platforms around the world,” commented Rupert Pearce, CEO of Highview Power. “I had the good fortune to work with Dominic at Inmarsat and saw first-hand how he was able to drive change and build a global brand and I know he’ll bring the same level of energy and expertise to Highview Power.”
Walters joins Highview Power after spending five years leading satellite giant Inmarsat Aviation’s integrated marketing and communications strategy. As Inmarsat’s Vice President of Marketing Communications and Strategy, he helped drive significant revenue growth as Inmarsat seized a 50% share of a new multi-billion dollar aviation segment. Walters took the business from virtual unknown in its sector to a global aviation connectivity leader.
His many accomplishments at Inmarsat include the ground-breaking Sky High Economics study developed with the London School of Economics that forecasted the potential for billions of dollars in ancillary revenue for the airline industry through advances in inflight broadband and connectivity.
Prior to Inmarsat, Walters held senior marketing communications and consultancy roles with a range of international businesses including BP, Shell, Pizza Express, and BAE Systems. Walters holds an MSc in Digital Communications from the London School of Business and Finance and is author of Harnessing the Power at Your Fingertips: A Leader's Guide to B2B Marketing Communications (Cutting Through the Bull Publishing).
About Highview Power
Highview Power is the designer and developer of a revolutionary liquid air energy services capability (the CRYOplatform) that utilizes proprietary cryogenic technology, delivering reliable and cost-effective long-duration energy storage, shifting and stability services. Its core Renewable Energy Power Station offering deploys this proprietary technology to provide 100 MW of charge and 200 MW of discharge at 2.5 GW/h of duration, meaning over 60 hours cycle time, for 40 years of design duration, locatable anywhere. Highview Power’s technology is low risk, immediately deployable, highly configurable and has excellent green credentials (using fresh air as its storage medium). For more information, please visit http://www.highviewpower.com.
Media Contact:
Wendy Prabhu, Mercom Communications
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Study will explore capturing carbon dioxide from the air and storing in concrete
PITTSBURGH--(BUSINESS WIRE)--$X #CarbonCapture--The United States Department of Energy’s National Energy Technology Laboratory (DOE-NETL) has selected the University of Illinois Urbana-Champaign’s Prairie Research Institute (PRI) for an award of $3,459,554 for research and development to support a front-end engineering design (FEED) study on carbon dioxide (CO2) removal technologies. The study will focus on the advancement of a direct air capture and utilization system (DACUS), which can remove 5,000 metric tons per year of CO2 from ambient air and then permanently mineralize it in concrete products. If built, the designed system would be larger than any existing direct air capture system (DAC).
“We’re excited to bring together a strong team of academic and industry collaborators to accelerate effective, economical carbon capture and use,” said Dr. Kevin OBrien, the project’s principal investigator and leader of PRI’s Illinois Sustainable Technology Center.
The study will launch at U. S. Steel’s Gary Works in Gary, Indiana, using a DAC technology developed by CarbonCapture Inc. The technology will use the plant’s waste heat, energy, and location, so energy and transportation costs can be minimized.
“U. S. Steel is committed to progressing our efforts described in our Climate Strategy Report to decarbonize and accelerate towards a lower carbon future, but we know that one company’s actions are not enough,” said Rich Fruehauf, Senior Vice President – Chief Strategy & Sustainability Officer at U. S. Steel. “Achieving our goal of net-zero emissions by 2050 is going to take unprecedented innovation and collaboration.”
Once CO2 emissions are captured from the atmosphere, the liquified gas will be transported to Ozinga ready mix concrete plants utilizing CarbonCure’s CO2 removal and utilization technologies, which inject the CO2 directly into the concrete as it is being mixed. When injected, the CO2 immediately mineralizes and is locked away in the concrete, never to return to the atmosphere.
“Permanent CO2 storage is a crucial component of carbon removal. As the most recent Intergovernmental Panel on Climate Change makes clear, the permanent storage of ‘centuries or more’ that carbon mineralization in concrete provides is a critical component of durable carbon removal,” said Robert Niven, Chair and CEO of CarbonCure Technologies. “CarbonCure is excited to contribute to this crucial research to help scale the solutions we need to ensure our climate future.”
“Ozinga’s purpose is to make a positive impact, and embracing innovation in concrete sustainability is key to ensuring a better environment for generations to come,” said Ryan Cialdella, Vice President of Innovation and Market Development at Ozinga. “We believe early collaboration is important to find the best solution for reduction of carbon emissions, and our development and testing of lower embodied CO2 mix designs has made participating in this important study a great fit.”
“We’re very excited about participating in this groundbreaking study,” said Adrian Corless, CEO of CarbonCapture Inc. “Direct air capture is particularly effective when energy costs can be reduced via the use of waste heat and the captured CO2 can be permanently stored in concrete. At scale, we think this solution will lead to the removal of massive amounts of CO2 from the atmosphere.”
This FEED study will also provide data for Visage Energy Corp. to assess the impact on job creation, regional economic impact, and environmental justice issues.
Sargent & Lundy will provide the constructability review and costing of the DAC’s integration within the steel plant. Ecotek Group will design the infrastructure to connect the DAC system and the plant.
In the project selection announcement, the DOE said that the advancement of DAC technology could play a critical role in conjunction with aggressive decarbonization in combatting the climate crisis and achieving the Biden-Harris Administration’s goal of net-zero greenhouse gas emissions by 2050.
About U. S. Steel (NYSE: X)
Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the company’s customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million metric net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.
About CarbonCapture Inc.
CarbonCapture is a US-based climate technology company that develops modular direct air capture (DAC) machines that filter carbon dioxide out of the atmosphere. The company also develops large-scale carbon removal projects using its proprietary DAC technologies, generating high-quality carbon removal credits for companies with net zero goals that seek to offset their hard-to-abate emissions. DAC-sourced carbon removal credits are the gold standard in offsets: measurable, verifiable, and permanent.
For more information, please visit carboncapture.com
About CarbonCure Technologies
CarbonCure Technologies, a fast-growing carbon dioxide removal tech company, is on a mission to annually reduce and remove 500 million metric tons of carbon emissions by 2030—equal to taking 100 million cars off the road each year. CarbonCure’s suite of technologies permanently store captured CO2 in concrete through carbon mineralization and Verra verified CarbonCure’s methodology in 2021. With more than 550 systems sold across the global concrete industry, CarbonCure’s technologies currently save from the atmosphere thousands of metric tons of CO2 each month—with exponential growth and impact, year-over-year. CarbonCure’s cutting-edge research and innovation have garnered global recognition and prestigious titles, most notably Carbon XPRIZE Grand Prize Winner, 2020 North American Cleantech Company of the Year and Cleantech 100 Hall of Fame Company. CarbonCure’s investors include Breakthrough Energy Ventures, Amazon, Microsoft, Carbon Direct, and Mitsubishi Corporation.
About Ozinga
Ozinga is a fourth-generation family-owned American business in the construction materials industry. They make a positive impact on individuals, their families and the community for generations by providing concrete, aggregates and cement that help build a better future.
About The Prairie Research Institute
The University of Illinois' Prairie Research Institute applies scientific expertise in geology, ecology and biodiversity, archaeology, water, weather and climate, pollution prevention, hazardous waste management, and sustainable energy to benefit the people, economy, and environment of Illinois. www.prairie.illinois.edu/.
About Sargent & Lundy
Sargent & Lundy is one of the longest-standing full-service architect engineering firms in the world. Founded in 1891, the firm is a global leader in power and energy with expertise in grid modernization, renewable energy, energy storage, nuclear power, fossil fuels and carbon capture. Sargent & Lundy delivers comprehensive project services – from consulting, design and implementation to construction management, commissioning and operations/maintenance – with an emphasis on quality and safety. The firm serves public and private sector clients in the power and energy, gas distribution, industrial and government sectors. For more information, visit sargentlundy.com and follow us on LinkedIn.
About Visage Energy
Visage Energy for the last three decades has been heavily involved in the energy and industrial sectors and providing advisory services in terms of stakeholder engagement, market analysis and technology commercialization. Visage’s industry knowledge has allowed the team to provide guidance with respect to optimal methods to scale up different energy technologies as well as advocate for the deployment of technologies with a multitude of diverse stakeholders. Their clients have included multi-national corporations, investor-owned utilities, state agencies, national laboratories, and small technology developers over the years. Additionally, Visage is focused on assessing the impact of carbon management technologies on job creation, regional economic impact, and environmental justice issues. Visage was designated a Small Disadvantaged Business by the Small Business Administration and is certified by the California Public Utility Commission’s (diverse business enterprise) Supplier Clearinghouse. www.visageenergy.com
About National Energy Technology Laboratory
NETL is a U.S. Department of Energy national laboratory that drives innovation and delivers technological solutions for an environmentally sustainable and prosperous energy future. Through its world-class scientists, engineers and research facilities, NETL is ensuring affordable, abundant and reliable energy that drives a robust economy and national security, while developing technologies to manage carbon across the full life cycle, enabling environmental sustainability for all Americans, advancing environmental justice and revitalizing the economies of disadvantaged communities. Leveraging the power of workforce inclusivity and diversity, highly skilled innovators at NETL’s research laboratories in Albany, Oregon; Morgantown, West Virginia; and Pittsburgh, Pennsylvania conduct a broad range of research activities that support DOE’s mission to ensure America’s security and prosperity by addressing its energy and environmental challenges through transformative science and technology solutions.
U. S. Steel Media Contact
Arista Joyner
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412-433-3994
Carbon Capture Media Contact
Al Duncan
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CarbonCure Technologies Media Contact
Haley McKey
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Ozinga Media Contact
Kristi Munno
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The Prairie Research Institute Media Contact
University of Illinois at Urbana-Champaign
Trish Baker
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217-300-2327
Sargent & Lundy Media Contact
Brenda Romero
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312-269-2137
Visage Energy Media Contact
Daryl-Lynn Roberts
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310-963-7478
MIAMI--(BUSINESS WIRE)--#AirTransport--H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, is pleased to announce that one of its affiliates has completed a growth investment in Load One, LLC (“Load One” or the “Company”).
Headquartered outside Detroit, Michigan, Load One is a leading provider of expedited transportation and logistics services. The Company serves clients across diverse end markets in all 48 contiguous U.S. states, Canada, and Mexico. Through its expansive network of experienced owner-operators, trusted carrier partners, and company drivers, Load One delivers exceptional service to its customers in helping them address their time-critical, time-sensitive, and high-value freight needs.
H.I.G. is partnering with Founder and Chief Executive Officer John Elliott as well as the current senior management team to provide capital and resources to take advantage of the Company’s significant strategic growth initiatives and substantial consolidation opportunities across the fragmented expedited transportation and logistics industry.
John Elliott, Founder and CEO of Load One said, “This is an exciting new chapter for our Company. Partnering with H.I.G. allows Load One to continue delivering outstanding service while also pursuing growth opportunities with both existing and new clients. The Company has numerous opportunities to expand, and H.I.G.’s capital and resources, particularly around M&A, will help us continue our successful growth trajectory. We are very excited about the future of Load One and believe our customers and employees will benefit greatly from this support.”
“We believe Load One represents an ideal opportunity to create a premier expedited transportation and logistics platform at a time when market tailwinds, as well as driver and equipment shortages, should continue to drive growth,” added Ryan Kaplan, Managing Director at H.I.G. “We look forward to partnering with John and the rest of his talented executive team as they lead the organization through the Company’s next phase of organic and inorganic growth.”
About Load One
Founded in 2003 and headquartered outside Detroit, Michigan, Load One a leading provider of expedited transportation and logistics services in North America. Through its expansive network of owner-operators, carrier partners, and company drivers, Load One is dedicated to providing exceptional service to its customers in helping them address their time-critical, time-sensitive, and high-value freight needs. In addition to ground expedite services, Load One also provides truckload, specialized flatbed, air, and logistics solutions.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $49 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
Ryan Kaplan
Managing Director
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Matt Keshian
Principal
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Itron’s Premier Customer-Focused Event to Uncover Possibilities for a Better Connected, Sustainable Future
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#IIoT--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that its flagship event, Itron Inspire 2022, will take place in person Sept. 23-30, 2022, at the JW Marriott Island Beach Resort in Marco Island, FL.
The customer-focused event will feature a full line-up of sessions and networking events for in-person attendees as well as livestreamed keynotes and select breakout sessions for an online audience. The conference will connect industry experts from across energy, water, industrial IoT (IIoT) and smart city communities to share insights, learn from one another and explore the possibilities for a more connected, sustainable and resourceful future.
“We can’t wait to reconnect in person and online with our customers and partners across the industry,” said Marina Donovan, vice president, global marketing and public affairs at Itron “Utilities and cities are uniquely aware of the emerging trends and challenges facing our industry, and Itron and our partners are developing cutting-edge solutions to address them. During Itron Inspire, we’ll come together to discuss these opportunities, including how more intelligence opens the door to more possibilities.”
Agenda-at-a-Glance
The high-level schedule of events is outlined below. A more detailed agenda will be released closer to the conference.
Registration for the conference, including both in-person and livestream sessions, is open and the full agenda will be available later this summer. To learn more, visit www.itron.com/inspire.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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Vicinity Energy was recognized by the Mechanical Contractors Association (MCA) of Kansas City for its chilled water lateral expansion.
KANSAS CITY, Missouri--(BUSINESS WIRE)--Vicinity Energy has received an Outstanding Mechanical Installation (OMI) Award in the large mechanical project class by the Mechanical Contractors Association (MCA) of Kansas City, Missouri, for its chilled water lateral expansion completed in collaboration with Enerfab and Davidson Architecture + Engineering.
The OMI Awards recognize the best mechanical projects completed in the last three years in the Kansas City Area. Projects are evaluated based on the complexity, quality, serviceability, and overall difficulty of the challenges involved.
The project expanded Vicinity’s district energy system piping 12,000 ft. to serve chilled water to the west side of Kansas City’s Central Business District. In conjunction with contractors Enerfab and engineers at Davidson Architecture + Engineering, the project included the interconnection of the first three customer buildings to be served by the lateral expansion: Flashcube apartments, KC Downtown Convention Center Hotel, and the MC Realty-owned 114 W. 11th Street.
With a commitment to achieve net zero carbon emissions by 2050, Vicinity Energy is currently electrifying its district energy systems in Boston and Cambridge with its other locations to follow. The company’s multi-pronged decarbonization and electrification plan include installing innovative technologies such as electric boilers, industrial-scale heat pumps, and thermal storage. As a key part of this strategy, Vicinity announced the launch of eSteam™, the first-ever carbon-free thermal energy product powered by renewable energy.
Over the next few years, Vicinity’s Kansas City operations will begin to procure renewable energy sources and work towards rapidly decarbonizing buildings connected to the district energy system in the city.
“We are honored to be recognized by the Mechanical Contractors Association of Kansas City,” said Scott Stordahl, general manager for Vicinity Energy. “This project involved a lot of hard work and collaboration from our team and partners, and we’re proud to expand our offering of reliable chilled water to more Kansas City buildings.”
Click here to read more about Vicinity’s district energy systems and its commitment to innovation and the environment.
About Vicinity Energy
Vicinity Energy is a clean energy company that owns and operates the nation’s most extensive portfolio of district energy systems. Vicinity produces and distributes reliable clean steam, hot water, and chilled water to over 230 million square feet of building space nationwide. Vicinity is committed to achieving net zero carbon across its portfolio by 2050. Vicinity continuously invests in its infrastructure and the latest technologies to accelerate the transition and rapidly decarbonize commercial and institutional buildings in city centers. For more information about Vicinity’s Clean Energy Future commitment, visit www.vicinityenergy.us.
Media
Sara DeMille
Senior Director of Marketing and Communications
857 557 7838
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will host a virtual Investor Day on Thursday, July 7, 2022, at 9 a.m. EDT. Advent’s senior executives will discuss the Company’s most recent advancements in its fuel cell products and systems, business activities in markets across the U.S., Europe, and Asia, and hydrogen development projects.
Webcast Details
The Investor Day event will include presentations and a Q&A session. To access the webcast, please visit: https://event.on24.com/wcc/r/3815829/BDF38706A8E399AEE45E339A8CD026A2. To submit questions please email to This email address is being protected from spambots. You need JavaScript enabled to view it., prior to the Investor Day.
“The Advent team looks forward to providing investors, partners, customers, and employees with a deep dive into the vision, technology, and market developments in the hydrogen and fuel cell economy,” said Dr. Vasilis Gregoriou, Chairman of the Board and CEO of Advent.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Media Contacts:
Elisabeth Maragoula
Advent Technologies Holdings, Inc.
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Mike Stolyar
Crenshaw Communications
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that its Board of Directors has made a positive Financial Investment Decision (“FID”) with respect to the 10+ million tonnes per annum of LNG Corpus Christi Stage 3 Liquefaction Project (“CCL Stage 3”) and has issued full notice to proceed to Bechtel Energy Inc. (“Bechtel”) to continue construction on CCL Stage 3, which began earlier this year under limited notice to proceed.
“Reaching FID on Corpus Christi Stage 3 represents an important milestone for Cheniere as we move forward on this significant growth project, which will strengthen our market-leading LNG infrastructure platform, provide much-needed volumes to the global LNG market by the end of 2025, and create long-term value for our stakeholders,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “I would like to recognize the Cheniere team, our financial partners, our EPC partner Bechtel and our long-term customers for their demonstrated teamwork, commitment and execution, all of which were critical elements in the successful commercialization and financing of CCL Stage 3. CCL Stage 3 is supported by a truly global portfolio of long-term customers and reflects the call for investment in natural gas infrastructure around the world to support environmental priorities and long-term energy security.”
On June 15, 2022, Cheniere’s wholly-owned subsidiary, Cheniere Corpus Christi Holdings, LLC (“CCH”) closed on an amended and restated approximately $4 billion Senior Secured Term Loan due 2029 (“CCH 2029 Term Loan”), as well as an amended, extended and upsized $1.5 billion Working Capital Facility due 2027. In conjunction with the financing, Cheniere contributed its wholly-owned equity interests in Corpus Christi Liquefaction Stage III, LLC (“CCL Stage III, LLC”) to CCH, and merged CCL Stage III, LLC into Corpus Christi Liquefaction, LLC (“CCL”), a subsidiary of CCH, with CCL continuing as the surviving company. Borrowings under the CCH 2029 Term Loan are being used to fund approximately half of the total expected cost to develop, construct, and place into service CCL Stage 3, the associated pipeline expansion and other infrastructure at or near the project, and for related business purposes. The remaining costs are expected to be funded from Cheniere.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 mtpa of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Energy, Inc.
Investors
Randy Bhatia, 713-375-5479
Frances Smith, 713-375-5753
Media Relations
Eben Burnham-Snyder, 713-375-5764
Phil West, 713-375-5586
BOSTON--(BUSINESS WIRE)--Schneider Electric, the global leader in the digital transformation of energy management and automation, is proud to announce that its Dallas site has achieved the UL Verified Healthy Building Mark for Indoor Air, demonstrating that the company’s indoor spaces have been evaluated by a third-party service provider to help ensure a healthy environment for the site’s occupants. The site has recently undergone a major renovation, with sustainability goals and initiatives at the forefront, and this verification recognizes the company’s ongoing commitment to the health and well-being of employees and visitors.
As one of the most respected names in safety, security and sustainability for buildings, UL’s Verified Healthy Building program is designed to help building owners demonstrate their commitment to a healthier environment for occupants in up to five areas, including IAQ. To achieve UL verification, the facility must go through a rigorous evaluation and testing period comprised of on-site, quantitative measurements, visual inspections and review of existing plans or policies. The site will be assessed using bi-annual on-site inspections to maintain compliant IAQ, and such inspections may include data from indoor air quality sensors for continual monitoring of quantitative metrics.
“Creating healthy and sustainable buildings is in our DNA,” said James Mylett, Vice President, US Digital Buildings at Schneider Electric. “We’ve made the same commitment to fostering healthy spaces for our employees at our office sites that we provide for our customers. This verification from UL recognizes our dedication to improving the quality of buildings that our teams work and collaborate in every day.”
The UL Verification serves as a science-based credential by an independent party fostering the occupants' trust in the company’s brand. “Schneider Electric is clearly going the extra mile to give their employees the peace of mind that comes with knowing they are working in a healthier environment,” said Sean McCready, Director, Asset and Sustainability, Real Estate and Properties at UL, “As workers start returning to physical office buildings, it is essential that companies everywhere take the necessary measures to earn the trust of their employees, and we’re excited to continue recognizing leaders in the IAQ space like Schneider Electric.”
The growing need for healthy and resilient buildings has prompted many companies to reconsider their practices around fundamental building aspects such as indoor air, water, hygiene and other indoor environmental quality factors. Schneider Electric was recognized as the World’s most sustainable corporation in 2021 by Corporate Knights and continues to advance its efforts to promote safer, healthier, more people-centric spaces by partnering with UL and utilizing its comprehensive range of solutions.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services across the entire lifecycle, enabling integrated company management for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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Hashtags: #LifeIsOn #BuildingsOfTheFuture #SchneiderElectric
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