SAN ANTONIO--(BUSINESS WIRE)--Streamline Innovations, Inc. (“Streamline”), the leader in green solutions for treating hydrogen sulfide (H2S) and other toxic emissions, has raised new growth capital via an equity raise led by Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF), which are closed-end funds managed by Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson”), and an upsize of its Term Loan from Riverstone Credit Partners LLC, a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”). Riverstone also participated in the equity raise. Proceeds will be used to construct additional Valkyrie™ plants to expand Streamline’s fleet across multiple sectors and geographies.
Sustainable Fitch, a division of Fitch Group focused on ESG, recently recognized the Term Loan as a Green Loan aligned with the four pillars of the LSTA Green Loan Principles and the LSTA category of pollution and prevention. This ESG rating validates Streamline’s green technology as a solution for helping industry move forward to a sustainable and clean future.
Streamline’s patented, biodegradable chemistry and processes convert toxic H2S into elemental sulfur, which can be cleanly disposed of or used in agricultural purposes, such as fertilizer. Many alternative treatment solutions result in hazardous or toxic byproducts that require special handling. In addition, Streamline’s chemistry is regenerative, so it can be reused hundreds of times versus toxic alternatives, reducing its footprint and the consumption of raw materials relative to other alternatives.
“We are thrilled to partner with Kayne Anderson and strengthen our relationship with Riverstone with this growth capital financing,” said David Sisk, Co-Founder and CEO. “The new funds will be put to immediate use to expand our lease fleet. More Valkyrie units will help us meet growing demand for our environmental solutions for H2S and be more responsive to the market by substantially reducing delivery times for our units. Also, we will use this capital to further penetrate and aggressively grow our presence in the energy transition markets, including RNG, LNG, renewable fuels and CCUS.”
Ron Logan, Senior Managing Director and Portfolio Manager at Kayne Anderson, said, “We have been impressed by Streamline’s green solutions for solving a persistent and pervasive problem faced by multiple industries worldwide. We invested in Streamline recognizing its growth potential and are excited to contribute our capital and experience to help scale the business.”
Chris Abbate, a Partner at Riverstone, said, “We are pleased to increase our commitment to Streamline and help them expand their Valkyrie fleet. Their green solutions are exactly what the industry needs to improve environmental performance, reduce emissions and achieve overall sustainability goals.”
Citigroup served as exclusive placement agent for the equity raise.
About Streamline Innovations
Streamline Innovations' vision is Eliminating Emissions Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.
Streamline’s environmentally forward H2S treating solutions help our customers achieve the “E” in ESG. H2S is present in many industrial processes throughout the world, and our technology can be applied across industries, delivering a sustainable solution that eliminates H2S, a leading cause of human inhalation accidents, corrosion and SO2 emissions, a primary cause of acid rain.
We also believe that achieving climate-improving directives requires data. Creating intelligent systems that operate effectively and efficiently without human intervention is critical to measuring and reducing emissions that harm the environment. We integrate advanced process control, data collection and analytics in our technologies to provide a total solution for customers.
We serve organizations in multiple sectors, including Energy/Oil & Gas, Biogas, Landfill Gas & Renewable Fuels, Municipal Wastewater and Industrial Air & Water.
Visit streamlineinnovations.com for more information.
About Kayne Anderson Capital Advisors, L.P.
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure/energy, renewables, and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages $33 billion in assets (as of 4/30/2022) for institutional investors, family offices, high net worth and retail clients and employs 325 professionals in five core offices across the U.S.
About Riverstone Holdings LLC
Founded in 2000, Riverstone is an investment firm focused on executing private equity and credit investments in energy, power, decarbonization and infrastructure. To date, the Firm has raised approximately $43 billion of capital, which it has deployed across its platform to over 200 portfolio companies since inception. For more information about Riverstone, please visit www.riverstonellc.com.
Streamline Innovations
Chip Van Os
Chief Financial Officer
Streamline Innovations, Inc.
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Kayne Anderson
Paul Blank
Chief Operating Officer Kayne Anderson Capital Advisors, L.P.
310-284-6410
Riverstone Holdings LLC
Adam Kneller
Managing Director, Head of Credit Investor Relations
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212-271-2941
VANCOUVER, British Columbia--(BUSINESS WIRE)--#climatechange--A report by the Clear Seas Centre for Responsible Marine Shipping (Clear Seas) provides an overview of the threat climate change poses to Canada’s maritime environment. While many studies address the mitigation of the effects of climate change, the study on Climate Change Vulnerability of the Canadian Maritime Environment goes further and identifies a range of strategies to help adapt to the challenge of the climate crisis.
The report provides a series of tools and frameworks designed to help identify climate change hazards and threats, and acts as an important resource for the people and organizations that rely on Canada’s oceans and waterways to thrive and survive. The study also presents real-world perspectives and maps out practical adaptation strategies to manage the effects of a changing climate. Read the report: https://bit.ly/3xkdT1T
The findings in this report will inform Canada’s National Adaptation Strategy and support pro-active decision-making and planning efforts for safe and sustainable waterways undertaken by the Canadian Coast Guard and other governmental departments, port authorities, industry stakeholders, Indigenous and coastal communities, and others.
“Climate change has very real consequences for mariners, fishers, workers in the tourism industry and many others,” says Paul Blomerus, Executive Director, Clear Seas.
Indigenous Peoples are facing similar challenges because they look to the ocean for their food and livelihood and a deep connection to the natural environment is an integral part of their culture. “The Traditional Knowledge held by Indigenous Peoples also presents valuable potential solutions to understand and adapt to the changing climate,” Blomerus says.
This study provides context to help understand the extent of the challenges climate change poses to the Canadian maritime environment as well as to the organizations responsible for delivering maritime services. By identifying key threats and adaptation strategies, this analysis allows for the development of effective risk mitigation plans, as well as for informed decisions and investments in relation to climate change. This will help ensure the sustainability and safety of marine trade and other maritime activities in Canadian waters and beyond.
The study reviewed:
Presentation of study
Clear Seas will host a webinar on the report, June 28 at 10:00 AM (PDT)/1:00 PM (EDT)/2:00 PM (ADT)/2:30 PM (NDT). Register here: https://bit.ly/3trsoQh
About Clear Seas
Clear Seas is a Canadian not-for-profit and independent research centre that provides impartial information on marine shipping to policy makers and the public. The organization’s research agenda is defined internally in response to current issues, reviewed by a research advisory committee, and approved by a board of directors. All publications are at clearseas.org.
Media:
Edward Downing
Director of Communications
(778) 730-1359 or cell (604) 817-3058
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DUBLIN--(BUSINESS WIRE)--The "Global Unmanned Underwater Vehicle Market Outlook: Global Opportunity and Demand Analysis, Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
Unmanned underwater vehicles are anticipated to make inroads in the global underwater vehicle industry at a value CAGR of 14.91% over 2020-2028. It is anticipated to reach approximately USD 7.64 billion, which was around USD 2.92 billion in 2019.
Expanding utilization of unmanned underwater vehicles for sea security and observation in maritime powers, expanding military, financial plan in creating nations, expanding request for UUVs in the oil and gas division for doing reviews at extraordinary profundities and the developing utilization of unmanned underwater vehicles for mapping the seafloor and examining oceanography are some of the factors expected to drive the development of the worldwide unmanned underwater vehicle showcase sooner rather than later.
Robust Demand for deep-water offshore oil & gas production
Interest in oil and gas has developed as of late, expanding by 31% since 2000. This interest, principally determined by the creating scene, is sufficient conjecture to proceed as oil is an essential vitality for significant ventures, for example, transportation, and can't be effectively subbed by elective vitality sources.
Be that as it may, with the gracefully of oil and gas from regular assets declining, the center has moved to deep water off-shore oil and gas production, which, thus, made a significant interest for ROVs for penetrating help, knowledge, and fix and support exercises in the subsea market.
Besides, developing utilization of unmanned underwater vehicles for mapping the sea depths and contemplating oceanography are factors expected to drive the development of the global unmanned underwater vehicle showcase soon.
Autonomous Underwater Vehicle (AUV) to Make Crucial Contribution to Growth of Global Unmanned Underwater Vehicle Market
The development of the market can be ascribed to the rising number of profound water seaward oil and gas creation exercises and expanding oceanic security dangers. For AUVs, the development is predominantly attributed to the expanding use of AUVs in guard tasks and profound water study. The Autonomous Underwater Vehicle Market is expected to grow from USD 916 million to USD 2,698.9 million at a CAGR of 24.13% from 2019 to 2028. Teledyne Technologies Inc.'s product AUV is performing monitoring or surveillance tasks.
Other segments by the application are Defense, Commercial Exploration, Miscellaneous and Scientific Research. By type are Autonomous Underwater Vehicles (AUV) and Remotely Operated Underwater Vehicles (ROV). By payload are Lighting Systems, Cameras, Sensors, Synthetic Aperture Sonar, Video Screens, and Inertial Navigation Systems (INS).
Rising Investments in Unmanned Underwater Vehicles and Research to Benefit the North American Market
The North American region is anticipated to grow by a high percentage compared with other regions. As they are adopting advanced technology, their spending on the military is increasing. They are doing offshore drilling activities, which are also a factor in the growth of their region. The market in the Middle East and Africa is relied upon to enlist worthwhile development as far as income, sooner rather than later, from developing oil and gas investigation exercises in this district.
Players to Focus on in the Expanding Applications in Global Unmanned Underwater Vehicle
The global unmanned underwater vehicle market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Teledyne Technologies Inc. and Lockheed Martin Corporation, among others, could be at the forefront of the competition in the global unmanned underwater vehicle market.
Teledyne Technologies, Inc.: Teledyne Gavia gives turnkey overview answers for military, business, and logical applications. The Gavia AUV conveys a variety of sensors and custom payload modules, making it ideal for observing or surveillance assignments where self-sufficiency, cost, and simplicity of arrangement matter. Its particular plan considers fast sensor reconfiguration and battery substitution.
Lockheed Martin Corporation: Lockheed Martin is progressing subsea assessments for the oil and gas industry by utilizing Marlin to give quicker, more secure, affordable, and increasingly productive reviews compared with utilizing jumpers and fastened remotely worked vehicles. Furnished with sensors and vigorous independence, Marlin conducts auxiliary reviews, pipeline investigations, base trash overviews, and subsea office assessments.
The 10-foot-long submarine is profoundly flexible and ready to work in restricted spaces, run up to four bunches, and voyage for as long as 18 hours. Marlin can perform up to multiple times faster assessments, conveying higher loyalty data in hours versus days.
Company Profiles
Scope of the Report
By Type:
By Propulsion System
By Product Type
By Application:
By Region
For more information about this report visit https://www.researchandmarkets.com/r/83l3ip
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company Website: CreekRoadMiners.com
PARK CITY, Utah--(BUSINESS WIRE)--Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or, “Company”) is pleased to announce that its first production facility in Meeker, Colorado is now fully operational. This facility houses 240 Bitmain Antminers capable of generating approximately 24 petahashes per second (PH/s) of mining capacity at a cost of approximately $.0455/kWh for electricity.
With the successful deployment of the Meeker facility, Creek Road Miners has decided to deploy its second facility in Rangely, Colorado. Rangely will operate on the same economic terms as Meeker but will house 270 Bitmain Antminers generating approximately 27 PH/s of mining capacity.
“With the deployment of this second facility, Creek Road Miners will more than double its current hashing power,” commented John D. Maatta, the Company’s Co-CEO, adding, “We’re now laser-focused deploying our next data centers.”
About Creek Road Miners, Inc. (OTCQB: CRKR)
Creek Road Miners, Inc. (www.CreekRoadMiners.com) is a cryptocurrency mining company that leverages mobile power generation units and mining facilities in a manner that overcomes otherwise existing economic barriers. The Creek Road Miners model utilizes the abundance of stranded natural gas in a manner that provides its operations with a desirably priced energy source while benefiting energy operators, the consumer, and environmental considerations.
Forward-Looking Statements:
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Investor Relations and Media:
Scott A. Sheikh
Creek Road Miners, Inc.
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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) will hold a webcast on Wednesday, July 20, 2022 to discuss the results for the second quarter ending June 30, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).
To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.
About Baker Hughes:
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
Investor Relations
Jud Bailey
+1 281-809-9088
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Media Relations
Thomas Millas
+1 713-879-2862
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PARIS--(BUSINESS WIRE)--The strategic collaboration between Equinor as a leading floating offshore wind developer and Technip Energies (PARIS: TE) as a complete offshore wind solutions provider, was signed during the Seanergy conference in Normandie, France. The two companies aim to develop floating wind steel SEMI substructures that accelerates technology development for floating offshore wind, ensures cost reductions and develops local value opportunities.
The collaboration builds on the two companies’ joint ambition to drive industrialization of floating offshore wind. By teaming up at an early design phase of a floating wind farm project, the two parties seek to unlock value from integration and maximum use of fabrication capacities.
Laure Mandrou, Senior Vice President Carbon-Free Solutions of Technip Energies, said “We believe partnering is an essential step to reach net-zero. We are proud to enter this strategic partnership with Equinor, a long-lasting client with which we share a common vision and commitment: create a low-carbon future. This agreement extends our recent collaboration in the Floating Offshore Wind field, creating unique synergies by combining Technip Energies’ and Equinor’s respective experiences in the development of core technologies and the delivery of groundbreaking projects.”
Beate Myking, Senior Vice President for Renewables Solutions in Equinor, commented: “We are excited about our collaboration with Technip Energies, which allows us to further leverage and develop our floating toolbox to customize locally adapted industrial solutions for future floating offshore wind projects.”
Growth in renewables is needed to succeed with the energy transition. A large part of this growth will come from floating wind as approximately 80 percent of the wind resources offshore are in deep waters that require a floating wind turbine solution. Even though costs have come down substantially, there is still a way to go for the floating technology to reach commerciality. From building the world first floating turbine, Hywind Demo, to the world first floating wind farm, Hywind Scotland, Equinor reduced the cost per megawatt by 70 percent. The strategic collaboration between Technip Energies and Equinor will contribute to industrializing floating offshore wind solutions.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States. For further information: www.technipenergies.com.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Contacts Technip Energies
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 20 7585 5051
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Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 (1) 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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Electrification holding grows lithium-ion battery cell manufacturer’s portfolio, builds on supply agreement announced in 1Q 2022 and joint development agreement announced in 2021.
PHOENIX--(BUSINESS WIRE)--KORE Power, Inc. (KORE), a leading U.S.-based manufacturer of lithium-ion battery cells, acquired a 4.22 percent stake in ZEVx, an innovative start-up dedicated to eliminating barriers to electric vehicle adoption with affordable EV conversion kits and a focus on fleet electrification. Earlier this year, KORE announced a supply agreement with ZEVx to provide KORE battery modules for ZEVx’s electric powertrain kits through 2030.
“KORE Power produces the battery cells that provide the backbone of electrification, and ZEVx is accelerating vehicle electrification with products that allow for rapid, affordable conversion of fleet vehicles,” said Lindsay Gorrill, CEO and Co-Founder of KORE Power. “Our joint product development and investment will help ZEVx realize the promise of these innovations at a time when moving to electric vehicles makes so much sense economically and environmentally.”
Based in Gilbert, AZ – just an hour east of KORE Power’s planned KOREPlex gigafactory – ZEVx manufactures electric powertrain solutions that allow fleet customers to convert existing light-medium duty fleet vehicles to EVs. Formerly known as Zero Electric Vehicles, Inc., the company is also partnering with KORE Power to develop new advances in vehicle battery efficiency and safety.
“We’re proud to be two American companies putting American IP to work here in Arizona to reduce greenhouse gas emissions, increase energy independence, and eliminate barriers to EV adoption,” said Carolyn Maury, the CEO of ZEVx. “With KORE Power officially on our team, we can accelerate the deployment of our products to deliver these benefits to our customers.
“When fleets are electrified, the benefits – from reduced pollution to lower maintenance and fuel costs – reverberate in communities across the nation,” she said.
The investment expands KORE Power’s presence in the e-mobility space. In March, the company launched its KORE Solutions division after acquiring Northern Reliability, a Vermont-based energy storage solution provider. Later this year, KORE Power will break ground on the KOREPlex, a 2 million-square-foot manufacturing facility, which will produce up to 12 GWh of lithium-ion battery cells annually. The KOREPlex will allow the company to produce a domestic battery supply for e-mobility manufacturers and energy storage projects starting in 2024.
ABOUT KORE Power
KORE Power, Inc., is a leading U.S.-based developer of battery cell technology for the clean energy industry, serving e-mobility, energy storage, utility, and commercial and industrial markets across the globe. KORE Power designs and manufactures its proprietary NMC and LFP cells, VDA modules and packs, and ESS modules, optimized by our proprietary battery management system. Through its global partnerships, KORE designs and manufactures top-tier energy storage systems (ESS).
KORE Power’s differentiated approach provides customers with direct access, unparalleled service, superior technology, and product availability. We care about building sustainable communities, clean energy jobs and green economic expansion. KORE Power is proud to offer a functional solution to real-world problems that fulfills growing market demand and contributes to a zero-carbon future. For more information, visit www.korepower.com.
About ZEVx
ZEVx (formerly Zero Electric Vehicles) is a leader in rapid development and distribution of electrification solutions for commercial fleets. ZEVx’s proprietary powertrain kit (batteries and drive motor) configuration and software enabled vehicle management system delivers rapid conversion turnaround of existing fleet vehicles. ZEVx’s partner network provides customers the support infrastructure, bundled with fleet management services, and EV knowledge they need to transform fleets to quickly meet sustainability goals. ZEVx’s primary mission is to enable EV participation across the existing automotive and mobility ecosystem and support fleets through their electrification journey while scaling globally using ZEVx’s partner ecosystem and open software architecture to make the ‘dream’ of EV accessible to all. For more information, visit www.zevx.com.
Cautionary Statement
Certain statements contained herein constitute forward-looking statements, including but not limited to statements about the plans, objectives, and expectations. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. KORE Power, Inc. believes the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements in this news release should not be unduly relied upon. Forward-looking statements included in this news release are made as of the date of this news release and KORE Power disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
David Jakubiak
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312-285-9622
Aleysha Newton
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(208) 758-9392
First permanent Pozyx demo deployment at Fabriek Logistiek test center confirms substantial warehouse efficiency improvements
GHENT, Belgium--(BUSINESS WIRE)--Pozyx, an industry-leading provider of RTLS (real-time location systems), has partnered with Fabriek Logistiek, the Belgian warehouse test center, to demonstrate its warehouse orchestration system based on real-time positioning to improve labor efficiency, increase safety and optimize inventory control in warehouse and logistics operations.
Intelligent warehousing and logistics can benefit operational efficiency by tracking assets and optimizing process flows, thereby increasing profit margins. The Pozyx RTLS helps improve the WMS (warehouse management system) and provides real-time asset tracking and identification, easier inventory management, greater operator effectiveness, better space utilization, reduced costs, and increased safety in the warehouse.
Losing track of pallets, carriers or goods means losing time and money. The Pozyx RTLS tracks bins, orders, pallets, returnable packaging, and vehicles in the warehouse and on the road. The location-based trigger system provides a detailed overview of pallet and good locations and their movements. Material handling routes can be evaluated and analyzed to enhance process workflows, resolve bottlenecks and optimize the warehouse footprint.
The Pozyx RTLS provides insights on how and where people work to better plan and optimize human resource management, optimize work shifts and labor efficiency, and calculate labor costs. It tracks forklifts, autonomous vehicles, and high safety-risk assets to reduce collision risks.
The Pozyx solution maintains inventory control by eliminating manual scanning and reducing laborious and expensive physical inventory counts. Knowing the exact location of goods, pallets, and assets not only saves time but also slashes lost inventory costs.
Pozyx will demonstrate its RTLS and the benefits in warehousing during the official opening of Fabriek Logistiek on June 20th, 2022.
To learn more about the Pozyx solution for optimized warehousing, please visit https://www.pozyx.io/solutions/industry-4-0/warehouse-optimization
About Pozyx
Pozyx delivers the most flexible real-time location system (RTLS) and software platform for global asset tracking and identification based on UWB (ultra-wideband) and other location technologies.
Since 2015, Pozyx has built a strong product portfolio with a focus on innovative solutions for Industry 4.0 and smart manufacturing. Cutting-edge hardware and firmware are combined with algorithms and analytics software to translate the stream of real-time locations into smart data and value-creating insights. The Pozyx offering covers the most demanding industry requirements for reliability, stability, robustness, and scalability.
More info on pozyx.io
Media
Elly Schietse - CMO
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As Kaptyn’s exclusive EV charging development provider, TeraWatt will establish charging hubs to support Kaptyn’s expanding electric fleet operations in Nevada, California and Florida
SAN FRANCISCO--(BUSINESS WIRE)--TeraWatt Infrastructure, a company providing best in class charging services for fleets in the U.S., today announced a strategic partnership with Kaptyn, a premier EV mobility company, to develop electric vehicle (EV) charging hubs in Las Vegas, Southern California, and South Florida and other North American markets to enable the company’s expanded fleet operations.
Rideshare drivers travel about three times as many miles per day on average than private car owners, yet less than one percent of rideshare miles are driven in an electric vehicle. With a nation-wide fleet of electric vehicles driven by employees instead of contractors, Kaptyn is a sustainable mobility company focused on acquiring and electrifying the most well managed fleets in the US to accelerate the shift to a zero-carbon transportation economy.
“The soon-to-be trillion-dollar market for ridesharing can be a major driver of reducing vehicle emissions and creating a cleaner, more equitable transport system for all,” said TeraWatt CEO Neha Palmer. “We’re proud to support Kaptyn’s mission to create the next-generation sustainable mobility company and to put forth an economical and sustainable model for other ridesharing companies looking to electrify.”
Combining real estate, and EV charging expertise, TeraWatt’s purpose-built platform is uniquely suited to help all fleets overcome the challenges associated with sourcing well located, reliable EV charging solutions for fleets. Developing charging hubs in and around urban areas in a manner that takes into account common routes, usage trends and additional on-site amenities requires significant expertise in securing grid interconnection, controlling energy costs and ensuring reliable charging operations. TeraWatt will own, develop, finance, and operate EV charging assets to help the company manage demand charges and reduce peak load, while ensuring reliable and resilient energy delivery for fleet operations. TeraWatt and Kaptyn will collaborate, bringing their relative strengths in real estate, charging operations, and EV fleet management to accelerate the adoption of EVs in fleets.
“This partnership with TeraWatt is critical to the future of our business and will enable us to quickly scale our electric fleet operations to markets with high demand,” said Kaptyn CEO Andrew Meyers. “TeraWatt's collective energy and transportation project development expertise is unparalleled, making the company the ideal choice to be our long term exclusive charging partner.”
TeraWatt intends to develop and own over 15 MW of initial charging capacity at sites across Kaptyn’s first three geographies and expand capacity over time to meet Kaptyn’s growth, as well as to support the co-location of other fleets.
About Terawatt Infrastructure
TeraWatt Infrastructure provides reliable charging solutions for the future of fleet transportation. The company designs, operates and owns electric vehicle charging hubs for fleet operations combining property assets with energy and charging expertise. Terawatt was founded, in the absence of anything like it, to be the nation’s reliable, long-term partner in the inevitable transition to all-electric transportation. For more information: www.terawattinfrastructure.com
About Kaptyn
Kaptyn is a sustainable mobility platform dedicated to changing mobility for good. The company operates one of the largest EV fleets in the U.S. with employee drivers and is developing and deploying an integrated eMobility platform designed to optimize electrification for large fleets. Kaptyn operates experiences in Las Vegas, South Florida and Southern CA, with more markets coming online soon. Learn more about us at www.kaptyn.com.
TeraWatt
Annika Harper, Director at Antenna Group
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Kaptyn
Alexandra Kreager PR
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(818) 730-5174
SANTA BARBARA, Calif.--(BUSINESS WIRE)--C-Zero Inc., a clean energy company that has developed a technology for natural gas decarbonization, announced today that it has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Korea’s second-largest conglomerate, the SK Group. SK Gas was joined by two other new investors - Engie New Ventures and Trafigura, one of the world’s largest physical commodities trading companies - in addition to participation from all existing investors including Breakthrough Energy Ventures, Eni Next, Mitsubishi Heavy Industries and AP Ventures.
The funding will be used to build C-Zero’s first pilot plant, which is expected to be online in Q1 2023. The plant will be capable of producing up to 400kg of hydrogen per day from natural gas with no CO2 emissions.
“We are excited to be scaling up our innovative technology with experienced investors and partners who recognize the need to decarbonize natural gas and the opportunity that turquoise hydrogen production represents,” said Eric McFarland, CTO of C-Zero. “Natural gas provides a quarter of the world’s energy, so the scale of the opportunity ahead of us is enormous. But we cannot do it alone.”
“We are eager to bring C-Zero’s technology to Korea, where we see great synergies with our plans to build a hydrogen value chain complex in Ulsan,” said Brian (Byung Suk) Yoon, CEO of SK Gas. “SK Gas strongly believes in the potential of methane pyrolysis and its ability to help countries like Korea in their decarbonization efforts by producing low-cost, clean hydrogen.”
“We see significant applications for low-carbon hydrogen production through methane pyrolysis which complement ENGIE’s existing activities and skill sets. Investing early on in C-Zero’s journey brings us familiarity with the technology, and could help ENGIE achieve its goal of Net Zero by 2045” said Johann Boukhors, Managing Director of ENGIE New Ventures.
“Trafigura is backing C-Zero as part of a series of investments in clean energy technologies, including low-carbon fuels needed for the energy transition. C-Zero is reaching a critical stage with the construction of its first pilot plant to successfully demonstrate the production of low-carbon hydrogen from natural gas,” said Julien Rolland, Head of Power and Renewables for Trafigura.
About SK Gas
SK Gas has the vision to become the Net Zero Solution Provider for customers by providing low-carbon solutions like LNG and LPG, and zero-carbon solutions such as clean hydrogen and ammonia. SK Gas is the no.1 player in the Korean LPG market, and is the leader in LPG global trading. Recently SK Gas expanded its portfolio to LNG by building a LNG terminal, a LNG/LPG dual fuel power plant and a LNG marketing business. The LNG terminal and power plant are expected to operate from 2024. SK Gas plans to leverage its LNG/LPG assets and capabilities to grow a successful clean hydrogen and ammonia business targeting power generation, industrial and mobility sectors.
About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2021: 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
About Engie New Ventures
ENGIE New Ventures (ENV) is the investment fund of ENGIE, Research & Innovation division, dedicated to innovative climate technology startups and the corporate venture capital arm of ENGIE, the global energy and services provider. ENGIE is committed to lead the energy revolution, towards a more decarbonized, decentralized, and digitized world. ENV makes minority investments in innovative start-ups bringing strategic value to the Group with a focus on both the current ecosystem and on future breakthrough technologies. Since 2014, investments have been made in more than 45 solutions in the cleantech sector. Investment thesis is now focused in particular on renewables, energy efficiency solutions and flexibility, green gasses including hydrogen. ENV’s offices are represented in Paris, San Francisco, Singapore, Santiago and Tel Aviv.
About Trafigura
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals & Minerals, and Power & Renewables divisions, we deploy infrastructure, skills, and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure, and sustainable. Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy, and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. Visit: www.trafigura.com
About C-Zero
C-Zero is commercializing a proprietary process for transforming natural gas into clean hydrogen and a solid carbon co-product. For more information, visit www.czero.energy.
Sydney Bartone
(805)-456-8230
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Mike Hicks joins Canes as Chief Operating Officer; Dan Westcott as Chief Financial Officer
DALLAS--(BUSINESS WIRE)--Canes Midstream LLC (“Canes”), a Dallas-based midstream company, announced today that it has added energy industry veterans Mike Hicks as Chief Operating Officer, and Dan Westcott as Chief Financial Officer. Hicks and Westcott join Scott Brown, Chief Executive Officer, to round out the Canes executive leadership team.
“We are excited about the future of Canes as we’ve added Mike and Dan to our team and continue to grow in a fast-paced, customer-centric environment,” said Scott Brown, Canes Midstream Chief Executive Officer. “Both Dan and Mike have a long and proven history of success in the energy industry. They not only bring valuable experience and expertise in their disciplines, they embody the values, work ethic, and outside-the-box thinking skills that we hold dear at Canes.”
Mike Hicks, Chief Operating Officer
Hicks brings nearly 35 years of natural gas gathering and processing experience to Canes. Most recently, Hicks served as President of Superior Pipeline Company, where he was responsible for the performance of natural gas gathering and processing facilities in Texas, Oklahoma, Kansas, Pennsylvania and West Virginia. Prior to Superior Pipeline Company, Mike held various positions at Aka Energy Group including Executive Vice President of Operations, and President of Frontier Field Services and Lumen Midstream Services, which were all part of the Southern Ute Growth Fund. Hicks has also served as the Director of Operations for Frontier Energy, a private equity-based midstream company, prior to its acquisition by Aka. Hicks earned a Bachelor of Science degree in Chemical Engineering from the University of Tulsa.
Dan Westcott, Chief Financial Officer
Westcott brings nearly 20 years of energy experience to Canes, including eight years of executive experience at Legacy Reserves, a Midland, Texas-headquartered producer, where he first served as Executive Vice President and Chief Financial Officer, then President, and finally as Chief Executive Officer. While managing Legacy as a publicly traded master limited partnership, Westcott helped raise more than $2 billion of capital to fund Legacy’s strategic acquisitions and organic growth through debt, preferred and common equity, as well as DrillCo capital. Prior to Legacy, Westcott worked at GSO Capital Partners within The Blackstone Group for six years, investing in a broad range of debt and equity capital across the wide-ranging energy space in both the public and private markets. Westcott holds a Bachelor of Arts degree and Master of Science degree from Stanford University where he was an All-American swimmer.
Canes operates strategic midstream assets located in the Southern Midland Basin, including 520 million cubic feet per day of processing capacity, more than 800 miles of pipelines, 42 compressor stations, a crude oil gathering system, and substantial acreage dedications from a diverse group of Midland Basin-focused producers.
About Canes Midstream LLC
Headquartered in Dallas and founded in 2019, Canes Midstream LLC is a midstream oil and gas company that offers a full suite of midstream services to our customers. Financially partnered with EIV Capital and Denham Capital, the Canes management team has been focused on gas gathering and processing, crude oil gathering and operating production the majority of their careers. For more information, visit www.canesmidstream.com.
Canes Midstream LLC
Meredith Hargrove Howard
Redbird Communications Group
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210-737-4478
AUSTIN, Texas--(BUSINESS WIRE)--TouchMate today announced a new partnership with Loop and Smartify Media to provide an electric vehicle charging kiosk, the EV-FOCUS, to customers in the cinema, education, and healthcare markets. BlueStar, a leading global distributor of solutions-based technology, brought the companies together to address the growing demand for charging stations.
“As we venture forward in our technology solutions offerings, as the channel’s most valued distributor, we are eager to curate this partnership with TouchMate, Loop, and Smartify, for we feel all contributions combined are sure to captivate the right audience as this innovation evolves. Electric vehicles and pDOOH (Programmatic Digital Out-of-Home Advertising) are the future, and it’s only fair to equip EV drivers with the best of the breed when it comes to charging and advertising,” stated BlueStar’s Chief Technology Officer, Mark Fraker.
It is no secret charging stations are beneficial for businesses. They attract new customers, increase visit times, and enhance brand loyalty, all while generating income with charging fees. What makes the EV-FOCUS special is its ability to display digital outdoor messaging with its eye-catching 55-inch screen, creating a second revenue stream through targeted, programmatic advertising. With Smartify’s data-driven monetization platform, site owners profit from the inherent media value of their real estate, even when their businesses are closed. Smartify also assigns dedicated team members to help facilitate advertising sourcing and content management, removing the burden from the business owner.
“We are excited about the possibilities that can be achieved through our new partnership with TouchMate, Bluestar, and Loop, as the inherent value of physical real estate continues to expand into media and electric vehicle technologies. Smartify is positioned well to offer our partners and their real estate clients additional value and recurring revenue in a combined digital media and EV charging station option,” said Joe Kunigonis, CEO of Smartify Media.
TouchMate understands implementing new technology can be overwhelming for business owners, which is why they are committed to providing the complete solution for their customers. Permitting and installation, site maintenance and technical support, and training and billing will all be conducted by their EV-FOCUS team, making investing in attractive, future-forward technology affordable and attainable for any size company. They will also help business owners utilize government programs and take advantage of tax breaks, reducing installation costs and accelerating payback on investment.
Ben Williams, President and CEO of TouchMate, stated, “We are excited about this unique opportunity to provide a business solution that both pays dividends to our customers while answering the need for advancing environmental responsibility. This is one opportunity that is good for the planet with a solid return on investment.”
Increased interest in electric vehicles is supercharging the need for more charging stations. According to J.P. Morgan, electric vehicle growth is rising and will represent an estimated “30% of all vehicle sales” by 2025, with projected purchases averaging around “8.4 million vehicles or a 7.7% market share.” The International Energy Agency also predicts a positive forecast for electric vehicle popularity in the U.S. due to recent announcements “to strengthen fuel economy standards, subsidize EVs and charging infrastructure, and reach net-zero emissions by 2050.” With high-quality Loop components, and easy-to-use mobile charging transactions, the EV-FOCUS is a superior charging kiosk for any brand of electric vehicle.
“The time for businesses to future-proof their locations for the electrification of the transportation sector is now. We are excited to be partnering with TouchMate, BlueStar, and Smartify to bring together a dual-purpose EV charging and programmatic advertising solution that helps businesses prepare for the growth of electric vehicles while simultaneously turning their parking lots into profit centers,” said Dustin Cavanaugh, CEO of Loop.
About TouchMate
TouchMate is a creative supplier of self-service solutions for the cinema, education, healthcare, hospitality, retail, and transportation markets. Headquartered in Austin, TX, TouchMate services customers all over the US with products built in America. TouchMate is known for its high-quality, leading-edge technology, and personable, reliable customer service. TouchMate’s mission is to develop solutions that reflect the personality of your business while improving your bottom line.
About Loop
Loop is one of the fastest growing electric vehicle charging network infrastructure companies in the world. The company provides turnkey hardware, software, and ongoing operating service-based solutions that simplify and streamline the delivery of cost-effective public and private EV charging network infrastructure for commercial, multifamily residential, fleet, and municipal real estate markets. Since their launch in 2019, Loop has grown to provide comprehensive EV charging solutions in all 50 US states as well as over 15 countries and growing.
About Smartify
Smartify Media is an infrastructure technology and digital media company at its core. We are connecting physical real estate, retailers, and outdoor audiences together through digital media, programmatic advertising, and community messaging. Smartify has developed the Media Monetization Platform for retailers, digital networks, and property owners. We have several programs that allow our clients to leverage digital signage technology for the purpose of monetization, advertising, dynamic messaging, and audience data.
About BlueStar
BlueStar is the leading global distributor of solutions-based Digital Identification, Mobility, Point-of-Sale, RFID, IoT, AI. AR, M2M, Digital Signage, Networking, Blockchain, and Security technology solutions. BlueStar works exclusively with Value-Added Resellers (VARs) to provide complete solutions, custom configuration offerings, business development, and marketing support. The company brings unequaled expertise to the market, offers award-winning technical support, and is an authorized service center for a growing number of manufacturers.
For further information, images, or interviews, please contact:
Kayla Cobble
Marketing Coordinator
TouchMate Inc.
(512) 949-3330, ext 220
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Eric Inneo
Marketing Coordinator
Loop Inc.
(661) 713-6407
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Bill Daddi
President
DBC Brand Communications
917-620-3717
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Samantha Kalany-Hughes
Digital Media Specialist
BlueStar US
(859) 468-3072
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KENNESAW, Ga.--(BUSINESS WIRE)--Valhalla Boatworks is the most recent addition to the list of boat manufacturers currently recycling plastic protective covers through the Yamaha Rightwaters plastics recycling program. To date, the program, which launched in August 2021, is responsible for returning 17,911 pounds of Polyethylene and Polypropylene sheet plastics back into base materials, reducing the amount of plastics in U.S. waterways.
Created, owned and operated by the Viking Yacht Company, Valhalla Boatworks offers four center consoles from 33 to 55 feet and claims the title of being the world leader in semi-custom high-performance luxury center console boats.
“Yamaha Rightwaters, through initiatives such as the plastic recycling program, continues to create opportunities for marine sustainability and conservation. Valhalla Boatworks is enthusiastic about being part of the journey,” says John Leek IV, General Manager of Viking Mullica. “By participating in this program, it’s our hope that we can help significantly reduce plastic in the nation’s waters.”
The Yamaha Rightwaters plastics recycling program leverages a reverse logistics strategy to return the protective covers from select boat builders, retail dealers and its three boat production facilities. Additional contributing manufacturers include Contender® Boats, Regulator Marine, Xpress® Boats, Yamaha Jet Boat Manufacturing (YJBM), Skeeter® and G3® Boats.
The materials ship from participating boat builders and dealers to Tommy Nobis Enterprises, which separates recyclable plastics from other materials, such as plastic zippers, cords and eyelets. Tommy Nobis Enterprises then ships the material - known as “feedstock” in the recycling industry - to Nexus for processing into raw materials, which range from gasses to waxes. Those materials are then used for other products.
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3 Boats and Skeeter Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
Nexus®, based in Atlanta, Ga., is an end-to-end plastics recycling business – an operational, commercially scaled, continuous system. The Nexus® plant in Atlanta is the first multi-polymer pyrolysis operation in the US to receive ISCC Plus™ certification. Nexus has developed a highly efficient system built at low capital cost and without a need for catalysts or post-processing, yielding clean, ISCC Plus™ on-specification outputs. Nexus® has converted more than 2.5 million pounds and counting of landfill-bound plastics into virgin resins for customers like Royal Dutch Shell and Chevron Phillips Chemical®. Investors include Cox Enterprises®, a $21-billion family-owned business committed to global sustainability. The Nexus® process is efficient, environmentally friendly, and encompasses rigorous operational and business standards. The company’s operating philosophy is founded on the principle that for any recycling solution to succeed, it must be profitable, technically proven at scale, and operate as a robust stand-along business, while creating a meaningful and positive environmental impact.
Tommy Nobis Center® is a Marietta-based nonprofit that helps individuals with disabilities enter or return to employment.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Contact:
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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Contact:
Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
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DUBLIN--(BUSINESS WIRE)--The "Carbon Capture Utilization and Storage Market - A Global and Regional Analysis: Focus on Application, Type, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The global carbon capture utilization and storage (CCUS) market was valued at $2,100.0 million in 2021 and is expected to reach $12,159.6 million by 2031, growing at a CAGR of 19.2% between 2022 and 2031.
The growth in the global carbon capture utilization and storage market is expected to be driven by an increasing focus on reducing carbon emissions and the growing demand for enhanced oil recovery (EOR). Lack of storage facilities and leakage of CO2 from underground storage are some key restraining factors of the industry.
The global carbon capture utilization and storage market is still in a nascent phase. New capturing technologies such as bio-based capturing and membrane capturing are expected to reduce the carbon capture process cost.
With an increased worldwide focus on achieving net-zero emissions, the shift to eco-friendly industrial practices increases financing opportunities. The shift is more prominent in the oil and gas industry in regions such as North America and the Middle East. The U.S. has the largest carbon capture utilization and storage industry as oil and gas companies use captured carbon for enhanced oil recovery.
Impact of COVID-19
The impact of COVID-19 on carbon capture utilization and storage (CCUS) was limited as it has still not been commercialized. Also, most investments toward CCUS plants were announced prior to the pandemic and are currently in the construction phase.
The new plants, such as the iCORD project in Croatia and Dry Fork Power Plant in the U.S., will start operation in 2025. Therefore, due to the delayed nature of the industry, it did not suffer any significant impact.
Recent Developments in Global Carbon Capture Utilization and Storage Market
Market Dynamics
Drivers
Challenges
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/2xrai3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN FRANCISCO--(BUSINESS WIRE)--Stem (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy software and services, announced today it will participate in a fireside chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference in New York City.
The fireside chat will take place on Thursday, June 23, 2022, at 2:55 p.m. Eastern Time and will be available via webcast. To access the webcast, please visit https://jpmorgan.metameetings.net/events/epr22/sessions/42382-stem-inc/webcast. A link to the live webcast will also be made available on the Events and Presentations page of Stem’s investor relations website at https://investors.stem.com. A replay of the webcast will be available the day after the event and archived for 30 days on the Events and Presentations page.
Stem’s most recent investor materials can be accessed on its Investor Relations website at https://investors.stem.com/events-and-presentations/.
About Stem, Inc.
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation, and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility, and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. With the acquisition of AlsoEnergy, Stem is a leader in the solar asset management space, bringing project developers, asset owners, and commercial customers an integrated solution for solar and energy storage management and optimization. For more information, visit www.stem.com.
Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
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(847) 905-4400
Stem Media Contacts
Suraya Akbarzad, Stem
Cory Ziskind, ICR
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference Thursday, June 23 at 8:20 a.m. Eastern Time.
A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent"), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that it has received notification from the Greek State for funding under the Important Projects of Common European Interest (“IPCEI”) Hydrogen – Technology, Green HiPo. The notification from the Greek State has been sent to the European Union (“EU”) under the IPCEI framework. Upon EU ratification, total funding of euro 782.1 million for Advent’s Green HiPo project will be made available over a period of six years, as submitted in accordance with the following schedule:
Year |
Funding (euro million) |
|||
1 |
35.8 |
|||
2 |
84.3 |
|||
3 |
175.7 |
|||
4 |
259.3 |
|||
5 |
111.7 |
|||
6 |
115.2 |
|||
Total |
782.1 |
Advent’s Green HiPo project was originally among five projects out of twenty candidates from Greece for IPCEI funding. These five projects were then subject to detailed review and due diligence by the EU, resulting in two projects now being notified by the Greek State. The notification in the first wave of IPCEI Hydrogen - Technology projects is a testament to the world-class innovation that Advent Technologies possesses and the belief that Greece and the EU have in Advent’s ability to deliver such an important project.
The scope of Green HiPo, over the initial period of six years, is to innovatively manufacture fuel cell systems and electrolyser systems. It is intended that the production of these systems will take place in Greece in the region of Western Macedonia.
Dr. Vasilis Gregoriou, Advent Chairman and CEO, stated, “Today is a milestone day for Advent but also for Greece and Europe. Green HiPo will catalyse a sea-change of operational events within Advent while the project is implemented. Our application was initially submitted in April 2021, and the process for review and due diligence by the EU has been thorough. We have been clear and focused throughout the process, with the conviction that Advent’s Green HiPo project will be instrumental in hydrogen generation and clean energy production. Green HiPo demonstrates the commitment by Greece and the EU to rapidly decarbonize power production and to move forward to energy security and independence with hydrogen technologies playing a crucial role.”
About Green HiPo
The Green HiPo project involves the development, design, and manufacture of HT-PEM fuel cells and electrolysers for the production of power and green hydrogen, respectively. The project is expected to take place in Western Macedonia, and aid significantly in the region’s transition from a coal-based economy to a greener economic model. A new state-of-the-art facility in Western Macedonia will be home to the production of fuel cells and electrolysers and will contribute to the economic development of the region.
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.
Advent Technologies Holdings, Inc.
Naiem Hussain, Chief Investment Officer
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to publish its second Sustainability Report which outlines its established environmental, social and governance (“ESG”) practices. The report includes insight into Superior’s 2021 operations and future milestones, and the Sustainability Report is available at www.superiorplus.com/investor-relations/financial-reports/.
“The release of our second Sustainability report with improved disclosure demonstrates our focus on prioritizing ESG in our operations,” said Luc Desjardins, President and Chief Executive Officer. “We are also developing an enterprise-wide sustainability strategy, supported by meaningful targets as we move forward on our carbon reduction and energy transition initiatives.”
Mr. Desjardins further added, “Superior’s resilient base business model and strong track record on execution positions us well to capture growth opportunities through the transition to a lower carbon energy environment. We are also evaluating opportunities for our existing and prospective commercial customers to help them decarbonize their operations through new product offerings, including green hydrogen and low carbon propane.”
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to the development of an enterprise-wide sustainability strategy supported by meaningful targets. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
Rob Dorran
Vice President, Capital Markets
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LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (“PCTL”) (OTC Pink: PCTL), the parent holding company to Paradigm Convergence Technologies Corp., a company focused on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies, announced today progress in multiple segments of its business.
Based on recent discussions and commitments, PCT is confident its pipeline will grow quickly. Recent expansion into new geographic markets is anticipated to translate into additional contracts with healthcare facilities. There is active interest from several entities regarding the healthcare business. PCT expects to be able to provide further detail in the coming weeks.
“In order to more rapidly accelerate the monetization of our healthcare contracts, PCTL has formed a new wholly-owned subsidiary, '21st Century Healthcare.' We plan on transferring all healthcare related assets into this new subsidiary creating an entity that invites and allows for direct investment opportunities into the healthcare business. This structure is intended to allow us to focus additional financial resources in this sector which is already gaining long-anticipated momentum. Stockholder value should increase from much faster growth and a stronger balance sheet without additional dilution. They should also benefit from the fact that the individual businesses may be worth far more than the current combined value of the company and we look forward to unlocking this potential,” commented CEO Gary Grieco.
The near-term plan is to create something similar in Oil and Gas allowing us to capitalize on momentum in this sector as well. The recently signed Memorandum of Understanding with LeadGreen Energy Services should allow larger-scale drilling to commence later this month and be completed in July. We fully expect this to lead directly to additional opportunities as we move through the third quarter.
About PCT LTD:
PCT LTD ("PCTL") focuses its business on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly owned operating subsidiaries. The Company established entry into its target markets with commercially viable products in the United States and now continues to gain market share in the U.S. and U.K.
Forward-Looking Statements:
This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Such statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements involve risks and uncertainties, including but not limited to: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; the anticipated results of business contracts with regard to revenue; any benefit resulting from the transfer of assets to the new healthcare subsidiary; and any other effects resulting from the information disclosed above; risks and effects of legal and administrative proceedings and government regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements PCTL makes in this press release include market conditions and those set forth in reports or documents it files from time to time with the SEC. PCTL undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Brokers and Analysts
Chesapeake Group
Tim Rieu
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DUBLIN--(BUSINESS WIRE)--The "Biodiesel - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Biodiesel Market to Reach US$40.2 Billion by the Year 2026
Amid the COVID-19 crisis, the global market for Biodiesel estimated at US$30.7 Billion in the year 2020, is projected to reach a revised size of US$40.2 Billion by 2026, growing at a CAGR of 4.6% over the analysis period.
The global biodiesel market is driven by the increasing need for clean and renewable fuel sources. There is rising environmental consciousness leading to a preference for environment-friendly fuel. The soaring prices of non-renewable sources of energy such as due to their limited resources are driving focus onto alternative fuels. The main factor which influences growth is the rising concern over gas emissions by fossil fuels.
Government policies favoring the promotion of sustainable projects that save energy and protect the environment are important drivers of growth in the biodiesel market. Advanced biofuels and ethanol are being promoted by the US Environment Protection Agency (EPA) through mandates and regulations.
There is a growing demand for biodiesel for use in commercial cars to reduce usage of crude oil. Fuel oil blended biodiesel fuel blends are being researched to reduce dependence on petroleum in the transportation sector. Also favoring market growth is the continuous focus on research activities aimed at developing biodiesel products that can replace crude oil.
Vegetable Oils, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$33 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Animal Fats segment is readjusted to a revised 4.3% CAGR for the next 7-year period. Vegetable oils are easily available, renewable, biodegradable, easy to transport, and provide high heat content. Most of the companies use vegetable oils to produce biodiesel on account of its higher yield and renewability.
The U.S. Market is Estimated at $5.2 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026
The Biodiesel market in the U.S. is estimated at US$5.2 Billion in the year 2021. The country currently accounts for a 16.2% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.2 Billion in the year 2026 trailing a CAGR of 5.9% through the analysis period.
Among the other noteworthy geographic markets are Canada and Europe, each forecast to grow at 4.2% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$6 Billion by the end of the analysis period.
Europe represents the leading region in the global biodiesel market. The region's large share is due to the several government initiatives and regulations aimed at reducing greenhouse gas emissions. Biodiesel fuel consumption is on the rise in Europe on account of the government laws and programs and energy taxation regimes.
The US is among the major producers and consumers of biodiesel. Increasing use of biodiesel in the United States is mainly driven by the presence of favorable legislations. Asia-Pacific region represents a promising market for biodiesel.
Due to rapid industrialization and increase in demand for liquid fuel in power and transport sectors in emerging countries such as Indonesia, China, India, Thailand, and Malaysia, Asia Pacific will witness high growth in the coming years.
Transportation Fuel (Application) Segment to Reach $20.6 Billion by 2026
Biodiesel is increasingly playing a role as a fuel in automobiles, railways, agriculture, and maritime operations. Biodiesel has improved efficiency compared to gasoline and is useful for compression-ignition engines.
Biodiesel is used in its pure form i.e. B100 or in the form of a blend with conventional petroleum diesel. Some of the blends of biodiesel include B2, B5 and B20, referring to 2%, 5% and 20% of biodiesel content, respectively. In the global Transportation Fuel (Application) segment, USA, Canada, China and Europe will drive the 4.9% CAGR estimated for this segment. T
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 152 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hx82tj
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