Business Wire News

Revenue from Oil and Gas Sales at $13.1 million and Net Income $3.6 million

Recent Acquisitions Add Immediate Accretive Cash Flow & Increased Scale with Minimal Incremental Overhead

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced the Company’s financial results for the first quarter of 2022, ended March 31, 2022.


Recent Highlights

First Quarter 2022 Financial Results

  • Revenue from oil, natural gas, and natural gas liquids sales was $13.1 million for the first quarter compared to $2.4 million in the 2021 comparable period.
  • Net income for the quarter was $3.62 million compared to a net loss of $997,180 for the first quarter of 2021. This growth is due to the Company’s transformative acquisition of the New Mexico assets in May 2021, successful execution of the Company’s mission to enhance the production of its existing wells, new production from four non-operated wells in North Dakota, and a favorable pricing environment.

First Quarter 2022 Production Accomplishments

  • Despite historically adverse weather conditions during Q1 in North Dakota, Montana, and New Mexico, Empire exceeded its internal production forecasts due to previous work performed on leases that led to increased volumes, even with fewer production days due to weather.
  • Average oil prices received for first quarter production realized $91.25/barrel compared to $51.56/barrel in the first quarter of 2021 and $74.66/barrel in the fourth quarter of 2021
  • Subsequent to quarter end, the Company completed the acquisition of:
    • Operated and non-operated oil and natural gas assets in the Landa Madison and Landa West Madison Units in Bottineau County, North Dakota
    • Operated and non-operated oil and natural gas assets in the Birdbear Area in Golden Valley and Billings County, North Dakota
    • Additional working interests in existing areas of operation in North Dakota, Montana and New Mexico.
    • These assets are expected to provide immediate accretive cash flow and increased scale with minimal incremental overhead.

Appointment of New Board Member

  • On April 30, 2022, Vice Admiral Andrew Lewis was appointed to the Company’s Board of Directors. He will serve on the Board’s Audit Committee.
  • Vice Admiral Lewis has had an illustrious 36-year military career in the United States Navy, serving as the Deputy Chief of Naval Operations for Operations, Plans and Strategy, vice director for Operations, and director of Fleet Training at Fleet Forces Command. Following his retirement in 2021, Lewis joined Business Executives for National Security as Senior Vice President of Policy and Projects.
  • “Empire Petroleum has built a strong foundation and platform for growth, I look forward to helping the Company achieve its goals,” said Vice Admiral Lewis.

Management Comments

Tommy Pritchard, Chief Executive Officer of Empire, commented, “Empire had a great first quarter, highlighted by our uplisting to the NYSE American, which caps off Empire’s transformation into a diversified, low-leverage, free cash flow conventional oil and gas operator. With prices high and production growing from acquisitions and our return-to-production well strategy, the outlook for the year is strong as we remain focused on organic growth while securing additional incremental long-life and low-decline reserves that generate strong cash flow.”

“We reported total revenue of over $13 million in the first quarter, 400% higher than last year, and driven by a nearly 300% increase in production. Net income reached $3.6 million, an increase of over 400% from the same period last year. Our most recent acquisitions are a good example of our strategy that is expected to provide immediate accretive cash flow and increased scale with minimal incremental overhead,” continued Mr. Pritchard.

Mike Morrisett, President of Empire, added, “We believe that our low total debt balance collateralized only by our North Dakota, Montana and Louisiana assets, combined with the $5.4 million of cash on our balance sheet and the cash flow that the Company is generating, puts us in a strong position to support organic growth and additional bolt-on acquisitions that meet our strict criteria. For the moment, we remain unhedged on the majority of our production, which is represented by our debt free assets in New Mexico.”

For Empire’s complete financial results for the three-month period ended March 31, 2022, see the Company’s Quarterly Form 10-Q filed with the Securities and Exchange Commission on May 16, 2022.

About Empire Petroleum

Empire Petroleum Corporation is a publicly traded, Tulsa-based oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico. Management is focused on targeted acquisitions of proved developed assets with synergies with its existing portfolio of wells. More information about Empire can be found at www.empirepetroleumcorp.com

Safe Harbor Statement

This release contains 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. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s estimates, strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2021, and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and other risks and uncertainties related to the conduct of business by the Company.

-Tables Follow -

 
Income Statement
 

Three Months Ended March 31,

2022

2021

Revenue:

Oil Sales

$

10,416,422

 

$

2,058,479

 

Gas Sales

 

985,423

 

 

376,549

 

Natural Gas Liquids Sales

 

1,732,518

 

 

-

 

Other

 

24,043

 

 

21,430

 

 

Net Realized and Unrealized Loss on Derivatives

 

(112,321

)

 

(357,915

)

Total Revenue

 

13,046,085

 

 

2,098,543

 

 

Costs and Expenses:

Operating

 

5,190,946

 

 

1,418,010

 

Taxes - Production

 

901,238

 

 

169,832

 

Depletion, Depreciation & Amortization

 

434,446

 

 

180,540

 

Accretion of Asset Retirement Obligation

 

330,000

 

 

284,465

 

General and Administrative

 

2,455,380

 

 

906,048

 

 

Total Cost and Expenses

 

9,312,010

 

 

2,958,895

 

 

Operating Income (Loss)

 

3,734,075

 

 

(860,352

)

 

Other Income and (Expense):

Interest Expense

 

(110,648

)

 

(136,828

)

 

Net Income (Loss)

$

3,623,427

 

$

(997,180

)

 

Net Income (Loss) per Common Share:

Basic

$

0.18

 

$

(0.13

)

Dilued

$

0.15

 

$

(0.13

)

 

Weighted Average Number of Common Shares Outstanding,

Basic

 

19,866,687

 

 

7,954,771

 

Diluted

 

24,018,453

 

 

7,954,771

 

 
Balance Sheet
 

March 31,

December 31,

2022

 

2021

ASSETS

Current Assets:

Cash

$

5,353,609

 

$

3,611,871

 

Accounts Receivable

 

8,491,371

 

 

7,733,905

 

Unrealized Gain on Derivative Instruments

 

77,907

 

 

55,242

 

Inventory - Oil in Tanks

 

975,678

 

 

1,037,880

 

Prepaids

 

542,112

 

 

679,122

 

Total Current Assets

 

15,440,677

 

 

13,118,020

 

 

Property and Equipment:

Oil and Natural Gas Properties, Successful Efforts

 

47,338,977

 

 

46,914,326

 

Less: Accumulated Depreciation, Depletion and Impairment

 

(17,926,748

)

 

(17,525,918

)

 

29,412,229

 

 

29,388,408

 

Other Property and Equipment, Net

 

1,224,319

 

 

1,288,611

 

Total Property and Equipment, Net

 

30,636,548

 

 

30,677,019

 

 

Unrealized Gain on Derivative Instruments - Long Term

 

142,292

 

 

194,018

 

Sinking Fund

 

5,290,000

 

 

4,810,000

 

Utility and Other Deposits

 

1,309,281

 

 

1,290,594

 

 

Total Assets

$

52,818,798

 

$

50,089,651

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

Accounts Payable

$

2,675,098

 

$

4,329,535

 

Accrued Expenses

 

6,284,655

 

 

5,844,184

 

Current Portion of Lease Liability

 

181,029

 

 

180,105

 

Current Portion of Long-Term Notes Payable

 

1,553,369

 

 

1,700,663

 

Total Current Liabilities

 

10,694,151

 

 

12,054,487

 

 

Long-Term Notes Payable

 

6,620,130

 

 

6,914,101

 

Long Term Lease Liability

 

602,554

 

 

646,311

 

Asset Retirement Obligations

 

20,970,599

 

 

20,640,599

 

Total Liabilities

 

38,887,434

 

 

40,255,498

 

 
 

Stockholders' Equity:

Series A Preferred Stock - $.001 Par Value, 10,000,000 Shares Authorized,

6 and 0 Shares Issued and Outstanding, Respectively

 

-

 

 

-

 

Common Stock - $.001 Par Value 190,000,000 Shares Authorized,

19,889,398 and 19,840,648 Shares Issued and Outstanding, Respectively

 

79,557

 

 

79,362

 

Additional Paid-in Capital

 

69,461,723

 

 

68,988,134

 

Accumulated Deficit

 

(55,609,916

)

 

(59,233,343

)

Total Stockholders' Equity

 

13,931,364

 

 

9,834,153

 

 

Total Liabilities and Stockholders' Equity

$

52,818,798

 

$

50,089,651

 

 


Contacts

Empire Petroleum Corporation:
Tommy Pritchard, CEO
Mike Morrisett, President
539-444-8002
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Investment will be used to scale software development, hardware integrations, and expansion into new industries

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Levatas, developers of AI software that enables robots, drones, remote sensors, and fixed cameras to execute operational tasks at industrial sites, announced that it has raised $5.5 million in a seed round led by Castellan Group. Levatas was founded by CEO Chris Nielsen, along with partners Ryan Gay and Daniel Bruce, who serve as Chief Financial Officer and Chief Product Officer, respectively.


The funding will be used to grow the machine learning engineering team, help the company extend into additional industries, and enable integration with a broader array of data capture hardware. Currently, Levatas’s platform and industrial AI models create greater efficiency for major chip manufacturers, global automakers, oil refineries, energy producers, and one of the largest breweries in the United States. Specific to each facility, the Levatas team builds and deploys fully operational models for analog gauge reading, thermal anomaly reporting, people identification, and detection of environmental changes over time. These tasks are then executed daily by autonomous robots, drones, camera systems, and other visual data collection devices.

“Our team lives and breathes the world of AI, but our core mission is all about people. We give machines the ability to handle the dirtiest, most repetitive, and dangerous tasks so that our clients' human employees can focus on problem-solving, thoughtful execution, and company growth,” explained Nielsen. "Because we enable their machines to handle rigorous tasks, the organizations we serve can see demonstrable ROI, as measured by higher efficiency, more uptime, and safer workplaces.”

Through automating labor-intensive tasks like reading analog gauges and performing equipment inspections, companies can significantly lower operational costs and create safer, more efficient facilities for employees. The Levatas platform and inspection models work with a wide variety of visual-capture platforms; ranging from fixed camera networks, to advanced drones and quadruped robots like Boston Dynamics’ Spot®.

"We’ve worked with Levatas on numerous projects and we’re continually impressed by what they bring to the table,” said Tim Dykstra, Director of Strategic Partnerships and Channel Sales at Boston Dynamics. "Spot is an agile mobile robot that is particularly well-suited for industrial inspections, because it captures data in a standardized, repeatable way. The Levatas team develops machine learning models that enable the robot to respond to complex tasks based on visual data it collects, so together, we can continuously monitor industrial assets to predict failures earlier and prevent unplanned downtime."

“The world of industrial robots and drones is accelerating at an astonishing rate, but what good are robots and industrial devices without automated intelligence to maximize their value?” added Scott Smith, Founding Family Member of Castellan Group, and new Levatas board member. “After meeting the Levatas team and seeing firsthand the value they are unlocking within their global customers, we quickly recognized their leadership in this category and we’re excited to watch them grow with our support.”

About Levatas

Based in West Palm Beach, FL, Levatas is the leading developer of cognitive intelligence for automating industrial inspections. Levatas creates and delivers end-to-end solutions that enable robots, drones, remote sensors and camera systems to autonomously perform equipment monitoring, safety checks, and site surveillance tasks in industrial environments. Learn more at www.levatas.com

About Castellan Group

Castellan Group, LLC is a SEC-registered investment advisor and multi-family family office that exists to partner with ultra-high net worth families as accountable stewards of their assets. In addition to managing several quantitative public investment strategies, Castellan structures direct investments in healthcare, financial technology, emerging consumer, green technology, and waste disposal businesses across all stages of growth.


Contacts

Media:
Heath Fradkoff
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Cleantech integrator awarded publication distinction for its annual ESG reports

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#abaawards--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in renewable energy and energy efficiency, was named the winner of a Silver Stevie® Award in the publication category for its annual Environmental, Social, and Governance (ESG) reports in the 20th Annual American Business Awards® today. The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.


Nicknamed the Stevies for the Greek word meaning “crowned”, the award program received more than 3,700 nominations from organizations of all sizes. Virtually every industry was submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Thought Leader of the Year, and App of the Year, among others.

Ameresco’s 2020 and 2021 ESG reports were nominated in the publication category for publicly held corporations. This recognition follows the publication of the company’s latest ESG report, which centered on the theme of “Doing Well by Doing Good: Innovation. Action. Integrity.”

“Since our inception more than 22 years ago, Ameresco has provided our customers with guidance on energy infrastructure solution sets in pursuit of their sustainability goals. We are so pleased to have acted on our own ESG initiatives and honored to be recognized for those efforts,” said George Sakellaris, CEO and President, Ameresco. “We feel energized to use this momentum to continue supporting our customers in their pursuit of a resilient, net-zero future.”

More than 230 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

Details about The American Business Awards and the list of 2022 Stevie winners are available at www.StevieAwards.com/ABA. To learn more about ESG at Ameresco, please visit www.ameresco.com/esg/.

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 Europe. 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 Europe. For more information, visit www.ameresco.com.

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.


Contacts

Ameresco:
Leila Dillon, 508-661-2264
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DALLAS--(BUSINESS WIRE)--Atmos Energy recently completed the installation of a natural gas-powered fuel cell at its corporate data center to generate high efficiency, grid-independent electricity with low emissions. The 460-kilowatt fuel cell generates electricity and heat through an electrochemical process with no combustion or moving parts – allowing it to deliver up to 90 percent system efficiency and much lower emissions, or emissions-free when coupled with renewable natural gas or carbon offsets.


“Natural gas once again proves it plays a pivotal role in lowering greenhouse gas emissions while increasing reliability to our critical facilities,” said Jennifer Ries, Atmos Energy vice president of pipeline safety. “We are excited to have this innovative technology operational and will continue to explore additional pathways to achieve increased reliability and a low carbon energy future.”

According to the manufacturer, a natural gas-powered fuel cell offsets approximately three times more carbon dioxide (CO₂) than either solar or wind thanks to the fuel cell’s high efficiency, high-capacity factor, and very low or zero emissions. A fuel cell also uses much less land than other renewable energy projects, generating nearly 500 times more power per square foot annually than solar or wind.

Natural gas remains the energy of choice for 3.4 million Atmos Energy customers across eight states, and this project demonstrates the vital role natural gas plays as a safe and reliable driver of a lower carbon energy future. Looking ahead, Atmos Energy will work to power the fuel cell with renewable natural gas (RNG) produced from methane captured at landfills and livestock farms or combine with carbon offsets, to further benefit the environment and deliver even greater sustainability.

About Atmos Energy

Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.


Contacts

Celina Cardenas Fleites
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Itron's Distributed Intelligence-enabled Meters Integrated with PayGo's Prepay Energy Solution Allows for Real-Time Energy Insights

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DistributedIntelligence--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that it has strengthened its long-term collaboration with PayGo and welcomes the billing and payment solution provider into Itron’s expanding ecosystem of distributed intelligence (DI) applications. Using Itron's DI platform, PayGo integrated its billing customer experience into Itron's DI-enabled Riva meters in order to provide consumers with a comprehensive real-time view of energy consumption and remaining energy credit balance through Itron Smart Pay, Itron’s smart payment Software-as-a-Service (SaaS) solution. The DI application works in concert with Itron Smart Pay and enables consumers to better control their payments and budget their overall energy usage, enhancing the user experience. The application will be demonstrated at DISTRIBUTECH, May 23-25, in Itron booth #2403.


The DI application features PayGo's algorithm, which works inside Itron's Riva meters, enabling consumers to gain access to their energy consumption in real time without worrying about the typical lag time associated with usage information being collected by the utility on a periodic basis. With this DI functionality, consumers can configure settings through Itron Smart Pay to personalize alerts such as low account balances and payment due dates. PayGo’s DI algorithm monitors energy usage threshold information in real time, and sends alerts to Itron Smart Pay, which will send text messages to the energy consumer. This gives the consumer greater flexibility to prepay whenever they want and for how much they want. According the Prepay Energy Working Group, by providing consumers flexible billing and payment options as well as real time information, consumers may be able to change their energy consumption behavior and potentially reduce their energy bills by up to 12% and potentially increase customer satisfaction for the utility by 10 points or more.

“With PayGo joining Itron’s expanding ecosystem of DI applications, the new capabilities for Itron Smart Pay will help consumers understand their energy usage and provide greater visibility into their consumption, enabling them to better control their energy spend,” said Don Reeves, senior vice president of Outcomes at Itron. “We are excited to build upon our partnership with PayGo. Not only does the company share the same value of sustainability, but PayGo values empowering consumers, utilities and the environment. We look forward to improving customer satisfaction and engagement.”

“The digital transformation of customer experience drives behavioral change and positive sustainability outcomes. Combining Itron’s DI platform with PayGo’s technology will enable utilities to delight their customers while better managing energy spend,” said Jeff Weiser, CEO of PayGo. “We look forward to working together with Itron to provide enhanced visibility into consumer energy usage at the meter.”

Itron’s robust DI platform allows innovators to build open, interoperable, value-driven applications on Itron’s secure platform that evolve with market and consumer demands. The DI development program enables an ecosystem of third-party developers to ensure a greater selection of applications to meet utility needs today and into the future. These applications are available via the Itron Enterprise Application Center, which features an increasingly diverse portfolio of Itron and third-party applications that connect to Itron's industry-leading, IoT-based network. The Itron Enterprise Application Center is the operational backbone for our utility customers to manage applications for their customers via a private, secure web portal.

About PayGo

PayGo® is an Atlanta-based software and payments company. With platforms that deliver flexible billing and payment solutions that enable America's largest investor-owned and public power utilities to enable higher customer engagement and improve revenue assurance. Utility customers experience greater control in how they manage and pay for their energy and water spend, along with ways to reduce consumption. More information is available at www.paygoutilities.com.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.


Contacts

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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MIAMI--(BUSINESS WIRE)--#cleanenergyfinance--Sol-REIT, which is revolutionizing clean energy financing through innovative construction-to-permanent loans leveraging a mortgage REIT model, has secured a substantial credit facility with a leading financial institution committed to environmental change.


The agreement with Amerant Bank, the largest community bank in Florida, will allow Sol-REIT to deploy cost-effective capital to support small and medium-sized solar developers to finance renewable energy projects in communities everywhere, including historically underserved areas.

“By securing a warehouse facility with a major regional bank, we’re able to provide small to medium-sized solar developers with access to capital and proliferate the access to clean energy for many households and businesses across the country,” said Mark Settles, CEO of Sol-REIT.

The Amerant Bank facility will provide Sol-REIT the ability to expeditiously execute its expansive pipeline of over $800 million and 400 megawatts of solar power. Sol-REIT is financing individual solar projects with an average loan size of $5 million to $50 million.

“Amerant is committed to offering products and services that help our communities and customers address the unique impacts of climate change,” said Jerry Plush, Amerant Vice Chairman and CEO.

Sol-REIT has structured an extremely compelling mortgage product for middle-market solar developers. Historically, solar financing has been inefficient, which is why Sol-REIT is changing the game in this sector.

“We are elated to further expand our relationship with Amerant Bank. Amerant has seen the vision of Sol-REIT and is at the forefront of being a capital growth driver in the renewable finance business,” stated Sol-REIT’s Co-Founder and Head of Capital Markets, Brian A. Sidman. “While other banks may follow, Amerant has proven to be a prominent banking institution that is insightful in growing their footprint while limiting risk through their diversification into investment-grade, quality, clean energy financing.”

“We are actively trying to help bridge the gap faced by communities by providing access to finance and building trusted relationships,” Plush said. “This engagement with a credit facility offers us the unique opportunity to drive both of these objectives. It is our expectation that by partnering with Sol-REIT, we can extend our financial services to the underserved while facilitating climate resilience.”

The 400 megawatts of solar power is equivalent to powering 72,253 homes with electricity every year or eliminating nearly a billion miles driven by an average gasoline-powered passenger vehicle annually.

“There is no question that global climate concerns are causing the world to re-think their energy supply chain and evaluate sustainable alternatives,” said Danny Rivera, SVP, Head of Specialty Finance at Amerant Bank, who spearheaded the transaction. “Credit facilities, such as the one we are providing to Sol-REIT, intentionally support the transition to solar energy.

“Specifically for underserved small and medium-sized businesses with a sustainable purpose, credit facilities provide a fundamental tool for business continuity, liquidity and financing flexibility.”

Founded by Jim Spano, Kevin Adler and Brian A. Sidman, Sol-REIT is the first and only firm seeking to bring mortgage REITs (real estate investment trusts) to the renewable energy market.

About Amerant Bank

Amerant Bank, N.A., is the largest community bank headquartered in Florida and the main subsidiary of Amerant Bancorp Inc. (NASDAQ: AMTB), with a presence across South Florida and in Tampa, FL, and Houston, TX. The bank has been serving clients for over 40 years, both domestically and abroad, and comprises subsidiaries Amerant Investments and Amerant Mortgage. Rooted in the communities it serves, Amerant Bank supports numerous non-profit, charitable and arts organizations. For news and updates, visit the Amerant Newsroom.

About Sol-REIT:

Sol-REIT revolutionizes clean energy financing by providing innovative construction-to-permanent loans for middle-market solar developments across North America. This segment is remarkably underserved in today’s renewable energy market. Led by a team of industry experts experienced in solar development, real estate lending, REITs, and fixed income, Sol-REIT is the first investment vehicle to bring mortgage REITs to the renewables market. In the process, Sol-REIT strives to play an important role in reducing the global carbon footprint. By financing solar similar to real estate, Sol-REIT offers flexible financing for solar projects that matches the asset’s operational life while empowering solar developer entrepreneurs to become long-term owners of their own projects. Sol-REIT is currently financing individual solar projects with an average loan size of $5 million to $50 million. For more information, visit https://www.sol-reit.com


Contacts

Media Contact:
Sid Robinson, APR
Sol-REIT / (909) 227-9589
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Media Contact:
Victoria Verdeja / Amerant Bank
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Following two years of explosive growth and momentum, the Series A funds will be used to fight climate change by boosting utility data access to generate energy savings at scale

OAKLAND, Calif.--(BUSINESS WIRE)--UtilityAPI today announced the close of Series A funding with a $10 million investment, led by Aligned Climate Capital. The new funds will serve to rapidly expand the company’s ability to satisfy the exploding market for utility-level data sharing platforms.


UtilityAPI is the software industry leader in providing secure, standardized, authorized access to utility data. In 2014, Daniel Roesler founded the company to fight climate change by offering a simple, fast, automated solution for sharing utility customer bills and interval data, shared only with explicit customer consent, and revocable at any time. Historically, energy efficiency service providers spent dozens of hours compiling and organizing customer usage data in order to propose appropriate technology solutions; UtilityAPI’s software collects the data in a moment. This time savings streamlines the sales process for clean energy companies, allowing them to provide clean energy solutions faster, and more cheaply. It is estimated that companies using their services prevent about 15 million pounds of CO2 emissions every month.

“Utility API drastically lowers the barriers for deploying energy efficient technologies and the services that rely upon them. These services are the backbone of the future of energy and the energy transition. Without data exchange, this future is not possible,” said Utility API CEO Devin Hampton. “This, coupled with our industry-leading commitment to privacy and security, creates a future we can all trust.”

“Data access shouldn’t be a roadblock to clean energy deployment,” said Aligned Climate Capital CEO Peter Davidson. “UtilityAPI solves this challenge by making it quick and easy for clean energy companies and utilities to share data, while still protecting consumer privacy.”

Aligned and UtilityAPI share a mission to fight climate change. But that’s far from their only synchrony. Both companies have a pronounced interest in diversifying the clean energy sector. Among other factors, Aligned focuses on companies to invest in through the lens of ESG (Environmental, Social, Governance) metrics. UtilityAPI is a company led by a diverse leadership team of three people who share no major demographics. In 2020, Hampton, UtilityAPI's CEO, took to social media to hold up a mirror to his industry, writing, “As a clean energy leader and a black man, I often go to conferences and gatherings where I am one of a few, if not the only black person in the room.” He later co-founded Edict, a movement to diversify climate tech.

Since the start of the pandemic, the company has negotiated deals with numerous Investor Owned Utilities (IOUs), Community Choice Aggregators (CCAs), and Municipal Utilities in the United States and Canada to bring their data sharing platform to millions of customers, third parties and energy efficiency providers.

About UtilityAPI

UtilityAPI is a mission-driven software company based in Oakland, California. Our data exchange tools are used to accelerate deployment and monitoring of distributed energy resources and energy efficiency technologies. Some of the top solar, storage, and energy efficiency companies use us every day. For utilities and utility vendors we enable seamless data access and behind-the-meter insights through our safe, secure, and standardized data exchange platform. We also work with regulators and local governments to shape effective utility data access policies. UtilityAPI's mission is to create a secure and standardized data infrastructure for the evolving energy economy. For more information, please visit www.utilityapi.com.

About Aligned Climate Capital

Aligned Climate Capital LLC is an asset manager investing exclusively in the people, companies, and real assets that are decarbonizing the global economy. Founded in 2019, Aligned is a dynamic and mission-driven firm that believes solving climate change is a unique opportunity to generate strong financial returns, while also achieving meaningful environmental and social impact. The team works at the intersection of finance, technology, and public policy with a particular focus on ESG metrics. For more information, please visit www.AlignedClimateCapital.com


Contacts

Pamela Waxman
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (510) 907-0009

TULSA, Okla.--(BUSINESS WIRE)--Black Bay Energy Capital (“Black Bay”), a private equity firm focused on the North American energy sector, announced that it has acquired a majority interest in Advanced Industrial Devices (“AID” or the “Company”) from Rock Island Capital (“Rock Island”). AID is a leading provider of electric motor automation and control solutions for oil and gas and industrial applications.


AID will continue to be headquartered in Tulsa, Oklahoma and led by Russell Claybrook, Chief Executive Officer. AID designs and sells custom variable frequency drive control systems (“VFD”) that are utilized across a diverse set of applications within the oil and gas and industrial sectors. The investment from Black Bay will help support AID’s customer demand and expand the Company’s manufacturing, engineering and service capabilities to capitalize on the growing market for electric motors and VFDs. AID’s VFD solutions enable end users to reduce operating costs, improve asset runtimes, enhance automation and control capabilities, and lower carbon footprints.

Russell Claybrook, CEO of AID, commented, “We are pleased to announce our strategic partnership with the Black Bay team for our next phase of growth. AID has evolved over the last ten years into a premier provider of VFD control packages and we pride ourselves on developing tailored solutions to address client needs. Electric motors and VFDs are utilized in countless industries across the world and we view this partnership with Black Bay as a key step in leveraging our collective experience to capitalize on new applications and industry sectors, while also delivering unmatched quality and service to our existing customers. We look forward to benefiting from Black Bay’s deep sector knowledge, industry relationships, and financial backing to support the next evolution of the Company. We would like to acknowledge and thank the Rock Island team for their involvement and support in helping us reach this point.”

Matt Schovee, Principal of Black Bay, commented, “Rising pressure from stakeholders is going to drive end users to shift further towards cleaner, electric driven equipment and we believe AID is uniquely positioned to capitalize on this trend. Russell and the entire AID team have built an impressive business and unique culture centered around customer service, collaboration, and professionalism and we are thrilled to be partnering with them.” Michael LeBourgeois, Managing Partner of Black Bay, added, “We are excited to partner with Russell and the entire AID team to support the Company’s continued growth. The trend of electrification within the oil and gas and various other industrial sectors is a key investment focus area for Black Bay.”

Brian Bastedo, Partner at Rock Island, said, “We had a wonderful relationship with AID over the last nine years and were excited about how the team was able to transform the business. Partnering with Black Bay will enable AID to reach its growth potential over the coming years. We appreciated Black Bay’s speed and professionalism in closing the transaction.”

Fishman Haygood acted as legal counsel to Black Bay. McDermott Will & Emery acted as legal counsel to AID and Rock Island. Chicago, IL based Old Second National Bank supported the transaction through upsized lending facilities.

About Advanced Industrial Devices

Founded in 1983, AID has evolved over its nearly 40 years in business from primarily an electric motor distributor to a leading provider of electric motor automation and control solutions across the United States. AID designs and sells custom variable frequency drive control systems that are utilized across a diverse set of applications within the oil and gas and industrial sectors. For more information, please visit www.aidusa.com.

About Black Bay Energy Capital

Black Bay is a private equity firm focused on the North American energy sector. Black Bay invests equity capital alongside talented entrepreneurs that provide a differentiated product or service to their clients to help reduce costs, improve operations, and achieve ESG initiatives. The firm’s investment strategy and success stem from the more than 75 years its investment professionals have been working day-to-day with great teams and building high-growth companies. www.blackbayenergy.com

About Rock Island Capital

Rock Island Capital provides equity and mezzanine capital to middle market companies nationwide. Rock Island makes majority and minority investments in leading middle-market manufacturing, distribution or service companies. Rock Island will invest capital for management buyouts of private companies or divisions of larger companies, generational changes of ownership, growth and expansion, or recapitalizations of family-owned or closely held businesses. www.rockislandcapital.com


Contacts

Black Bay Energy Capital
Michael LeBourgeois, 504-586-3848

Advanced Industrial Devices
Russell Claybrook, 918-388-1604

With a sleek new design, radar technology, and a built-in air quality monitor, saving energy is just the beginning

TORONTO--(BUSINESS WIRE)--Since launching the world’s first smart thermostat in 2009, ecobee has continued to redefine what a thermostat can do. Today’s introduction of ecobee Smart Thermostat Premium and ecobee Smart Thermostat Enhanced pushes the boundaries of the category to improve comfort, home health, and security, while continuing to deliver the energy saving features synonymous with ecobee.


Smart Thermostat Premium and Smart Thermostat Enhanced combine quality materials and advanced engineering for the company’s most sophisticated smart thermostats yet. The new smart thermostats are built with radar – ecobee’s most advanced sensor technology to date – for improved occupancy and motion detection, while a refreshed user experience and larger display make them easier to use than ever before. ecobee’s new flagship Smart Thermostat Premium offers all this plus so much more. With a harmonious combination of design and function, Smart Thermostat Premium is the only smart thermostat with both an indoor air quality monitor and an embedded smart speaker with a choice of Siri¹ or Alexa built-in, encased in a stunning zinc body.

“At ecobee, we believe the future smart home will be more resilient and efficient, and we remain committed to achieving these goals by offering advanced technologies designed to improve everyday life and create a more sustainable world,” said ecobee Founder and CEO, Stuart Lombard. “Our all-new smart thermostat lineup is our smartest yet, with industry leading technology including radar and a new intuitive user experience, and is designed to bring families more comfort, energy savings, and peace of mind, while improving home health and looking great on your wall.”

Beautifully Redesigned Inside and Out
Smart Thermostat Premium and Smart Thermostat Enhanced are redesigned with a stunning glass face and smooth waterfall edges that create a timeless look and feel. ecobee’s new radar technology can detect motion and occupancy from further away and around corners. Plus, unlike an infrared sensor, it can be hidden inside the thermostat without a visible lens in the corner, for a sleeker and smoother design, all while improving energy saving capabilities.

A more responsive display is 50% larger than previous models and boasts more colorful and vibrant resolution, while the refreshed user interface embraces ecobee’s signature squircle shape and improves ease of navigation. Larger temperature sliders make changing the temperature a breeze, and an easy-to-find menu helps users discover and engage with new features.

A Built-in Air Quality Monitor for Whole Home Health
There’s nothing more important than the air we breathe. However, new appliances and furniture like gas stoves, or certain fabrics, cooking oil, dust, mold, and even pet hair can leach chemicals into the air that decrease indoor air quality and may ultimately impact health and wellbeing. The flagship ecobee Smart Thermostat Premium revolutionizes the thermostat as a tool for overall home health with an air quality monitor built right into the device, delivering true comfort that residents can breathe in. The thermostat displays important data about indoor air quality, including volatile organic compounds (VOCs), estimated carbon dioxide (CO2) levels, and relative humidity. ecobee will alert customers through the app when indoor air quality is poor and provide tips on how to improve it.

Even Better with ecobee Smart Security
ecobee’s latest smart thermostats are designed to easily turn into a home security system to keep homes safe, while helping families live more comfortably and save energy. ecobee smart thermostats understand when families are home, away, awake, or asleep to optimize their comfort and savings. With SmartSensor for doors and windows and a Smart Security plan, ecobee works even better by understanding more about what is happening in the home to protect against break-ins, fires, and frozen pipes, and to automatically pause heating or cooling when a door or window is left open. Smart Thermostat Premium also comes with ecobee’s signature SmartSensor in the box, which can be placed anywhere throughout the home to detect motion and provide a more accurate reading of the home’s occupancy and temperature to help manage hot or cold spots.

By signing up for Smart Security Complete with professional monitoring ($10 USD/month), currently available in the United States, customers may save up to an additional 10% on their monthly home insurance. When added to the thermostat’s up to 26%² annual savings on heating and cooling bills, average annual savings total up to $360 USD, making it the only smart security system that pays for itself.³

Made For Your Home and the Planet
From energy conservation to recyclable packaging, the new ecobee smart thermostats were designed with sustainability in mind. Every home consumes energy differently, which is why ecobee created eco+, a suite of smart features that helps customers save on energy by improving the home's energy efficiency, while maintaining comfort. With eco+, ENERGY STAR® certified ecobee smart thermostats automatically help customers save up to 26%² on annual heating and cooling costs by learning and adapting to people's routines while at home and reducing energy use while away. In fact, eco+ is one of the reasons why ecobee has been named ENERGY STAR Partner of the Year for the second year in a row.

ecobee smart thermostats are made with quality materials and built to last. ecobee has also scrutinized every piece of packaging to create less waste and use fewer resources. Each package size has been reduced 30%, allowing more product to fit into each shipment, to lower the carbon footprint of shipping the thermostats. Inside the box, recycled paper packaging has been replaced with tapioca starch trays, which use less water and energy, are fully compostable, and are sourced near the assembly facilities to reduce shipping emissions. Smart Thermostat Premium and Smart Thermostat Enhanced are ecobee's first products to be paper manual-free with a mobile-only approach to installation.

Pricing, Availability and Compatibility
Starting today, ecobee Smart Thermostat Premium ($249.99 USD/$329.99 CAD) and ecobee Smart Thermostat Enhanced ($189.99 USD/$239.99 CAD) are available to purchase on ecobee.com, through select retail partners including Amazon, Lowe’s, Home Depot and Best Buy, via an ecobee certified installer or local utilities. ecobee3 lite is available for $149.99 USD/$199.99 CAD.

ecobee is dedicated to maintaining an open ecosystem, and like all the latest ecobee products, the new smart thermostats are compatible with Alexa, Apple HomeKit, Google Assistant, SmartThings, and IFTTT. ecobee Smart Thermostat Premium can be controlled by built-in Alexa or Siri.¹

¹ Accessing Siri on Smart Thermostat Premium requires iOS 15 or iPadOS 15 or later and a HomePod or HomePod mini with software version 15 or later. Only one voice assistant may be activated at one time.

² Compared to a hold of 72°F/22°C.

³ Users may be eligible to save up to $230 USD on their annual energy bill and save up to $130 USD on their annual home insurance when they enable 24/7 Professional Monitoring (available in the United States). Annual savings will vary based on energy use and insurance providers. Users should contact their provider for more details.

About ecobee
ecobee Inc. was founded in 2007 with a mission to improve everyday life while creating a more sustainable world. Since launching the world’s first smart thermostat, ecobee has helped customers across North America save more than 25 TWh of energy, which is the equivalent of taking all the homes in Los Angeles off the grid for a year. Today, ecobee continues to innovate with smart home solutions that solve everyday problems with comfort, security, and conservation in mind. With ecobee’s products, including the new Smart Thermostat Premium and Smart Thermostat Enhanced, ecobee continues to encourage SmartOwners to imagine what home could be. In 2021, ecobee joined Generac Holdings Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions, and other power products. Generac and ecobee share a vision to deliver a cleaner and more sustainable energy future for customers and communities. The Generac and ecobee home of the future will be more comfortable, resilient, and efficient. For more information, visit ecobee.com.


Contacts

Press:
Fatima Reyes, Senior Communications Manager, ecobee
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SEATTLE--(BUSINESS WIRE)--Ultra Safe Nuclear announces the addition of energy-industry veteran, Vladimir Novak, as Chief Commercial Officer. At Ultra Safe Nuclear, Vladimir will be responsible for setting corporate strategy and leading commercial growth across global markets. He will also oversee the company’s marketing efforts, educating industry leaders, partners, and consumers on the overall benefits of micro nuclear technologies and the unique advantages of the Ultra Safe Nuclear approach.



Vladimir will lead cross-functional teams driving corporate and commercial growth at Ultra Safe Nuclear. His efforts to develop an overall corporate vision and strategy will set the strategic course for the company, creating new business opportunities for Ultra Safe Nuclear’s innovative Micro Modular Reactor (MMR®), Fully Ceramic Micro-encapsulated (FCM®) fuel, and space-based nuclear power and propulsion technologies in both existing and new markets.

Vladimir joins Ultra Safe Nuclear from Chevron where he held senior positions for the past 14 years, as well as various leadership roles at GE in technology and business development. Over the past three years at Chevron, Vladimir initiated and led the company’s energy transition toward low-carbon fuels and next-gen vehicles. At Chevron, Vladimir received the EVP Transformation Leadership Award for his contributions to restructuring and focusing Chevron business units on clean-energy technologies.

“Ultra Safe Nuclear is uniquely positioned to provide reliable zero-carbon heat and power wherever it’s needed,” stated Vladimir. “We will explore all viable opportunities to deploy our innovative solution in regions around the world, and to industries where we deliver significant value.”

Vladimir received an Executive MBA from Rice University. He earned his PhD in Mechanical Engineering - Fusion Energy and MS in Mechanical Engineering from the Georgia Institute of Technology.

“Vladimir has a unique background that combines pragmatism with a vision of our energy future,” said Francesco Venneri, CEO of Ultra Safe Nuclear. “Vladimir’s zero-carbon goals are in complete sync with the mission of Ultra Safe Nuclear and will serve as inspiration to the teams he will lead.”

About Ultra Safe Nuclear Corporation

Ultra Safe Nuclear is the Seattle-based global leader in the deployment of micro reactors, and a strong vertical integrator of nuclear power technologies, entirely committed to bringing safe, commercially competitive, clean and reliable nuclear energy to markets throughout the world. The company adheres to strict inherent and intrinsic safety principles through technological innovation in fuels, materials and design: Ultra Safe Nuclear is Reliable Zero-Carbon Energy. Anywhere.


Contacts

Ultra Safe Nuclear
Ray Vincenzo
1-206-290-4431
This email address is being protected from spambots. You need JavaScript enabled to view it.
https://usnc.com/

Rapid Growth Drives Acquisition of New, Modernized Workspace for Executive and Main Business Functions

MONTVILLE, N.J.--(BUSINESS WIRE)--#additivemanufacturing--Marotta Controls, a rapidly growing aerospace and defense supplier, announces the opening of a second facility located in Parsippany, New Jersey. The company will retain its Montville buildings, using the freed-up space to expand its production capacity, development labs and testing facilities.



The move is driven by a significant growth across Marotta Controls, which has operated solely out of its Montville location for more than seven decades. Hiring efforts over the last few years introduced more than 200 staff members to its employee base. In parallel, the company’s solutions in markets outside its legacy valve offerings are shifting from development phase to volume production, creating the need for exponentially more manufacturing and assembling capacity on site.

“Demand for our advanced solutions is shifting from custom orders to large volume orders in several areas,” said Patrick Marotta, President & CEO, Marotta Controls. “Notably, we needed to increase production capacity for our Control Actuation Systems and Power Systems as our expertise and innovations in these areas draw more attention from our customers. We are far from where we started nearly eighty years ago when we focused on a valve-only portfolio. Our building resources simply needed to accommodate that evolution. It was an exciting problem to have.”

The company’s executive and main business functions—including engineering, human resources, program management, marketing and finance—will relocate to the Parsippany address. Spanning 50,000 square feet, the new office is structured as a modern, open workspace. The interior design intends to foster stronger employee collaboration and physical flexibility as Marotta Controls implements a formalized, hybrid work environment. The Parsippany space will also house a new development lab for Marotta’s power and control actuation technologies. Production of those solutions will still occur at the Montville location, which is now at 130,000 square feet.

“Marotta Controls is unique. We are a New Jersey born, privately-owned business serving our industry’s leading defense contractors. We offer enterprise-class capabilities with the nimbleness of a small business. Our success is built solely on organic growth and the strategic introduction of new capabilities. These traits have all resulted in us being one of the only long-standing aerospace and defense suppliers covering the breadth of verticals we do today. We intend to continue investing in our company, our people, and our community to maintain that trajectory for decades to come,” added Patrick.

Ribbon Cutting Ceremony

A formal ribbon cutting ceremony for the new Parsippany office will occur in June 2022, details to follow.

About Marotta Controls

Founded in 1943, Marotta Controls is a fully integrated solutions provider which designs, develops, qualifies and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.


Contacts

Heather Ailara
211 Communications
+1.973.567.6040
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Katee Glass
Marotta Controls, Inc.
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MADISON, Wis.--(BUSINESS WIRE)--The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today declared the regular quarterly dividend of $0.3875 per share on the outstanding shares of the company's common stock, payable June 15, 2022, to shareholders of record at the close of business June 1, 2022.


MGE Energy has increased its dividend annually for the past 46 years and has paid cash dividends for more than 110 years.

About MGE Energy

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties.


Contacts

Steve Schultz
Corporate Communications Manager
608-252-7219 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Investment in Clean Energy Data Platform Represents Seventh Deal in Firm’s Inaugural Venture Fund

NEW YORK--(BUSINESS WIRE)--#AlignedClimateCapital--Aligned Climate Capital, an investment firm focused on decarbonizing the global economy, announced today that it has closed a $5mm Series A investment in UtilityAPI, a data service provider for the clean energy economy. This represents the seventh investment in Aligned’s inaugural venture fund, the Aligned Climate Fund, and Aligned will be joining the Company’s Board of Directors.


UtilityAPI provides secure, standardized, and authorized access to utility data. The company was founded with a mission to fight climate change by offering a simple, fast solution for requesting and downloading utility customer bills and interval data, shared only with explicit customer consent, and revocable at any time. This streamlines the sales process for clean energy companies, allowing them to provide clean energy solutions faster, and more cheaply.

“Data access shouldn’t be a roadblock to clean energy deployment,” said Aligned Climate Capital CEO Peter Davidson. “UtilityAPI makes it quick and easy for clean energy companies and utilities to share data, while still protecting consumer privacy.”

The Aligned Climate Fund targets Seed through Series B investments in companies across four target sectors: clean energy, efficient buildings, electric transport, and sustainable land use. Specifically, Aligned focuses on companies that are scaling and enabling the deployment of proven technologies, like solar, electric vehicles, batteries, and more. Launched in March 2021, the Fund held a final close in January 2022 at $42 million of commitments and is now more than 80% committed across seven investments.

“We are out to prove that investors can achieve strong financial returns and help fight climate change at the same time,” continued Davidson. “By backing early-stage companies that use proven clean energy technologies, we believe you can make smart venture investments that minimize technology risk.”

Aligned Climate Fund Portfolio Companies

The Aligned Climate Fund has invested in seven companies to date. Each company is focused exclusively on climate and six of the seven ACF portfolio companies are led by women or people of color.

ChargeNet Stations
Sector: Electric Transport
Stage: Series Seed

ChargeNet develops DC Fast Charging (DCFC) stations for electric vehicles that are co-located with distributed solar and storage. The Company is focused primarily on deploying these solutions at quick-serve restaurants, including a partnership with a Taco Bell franchisee in California.
https://chargenetstations.com/

CleanFiber
Sector: Efficient Buildings
Stage: Series A

CleanFiber manufactures cellulose insulation from recycled waste materials that can be used in both commercial and residential applications at a lower cost and with fewer emissions than fiberglass.
https://www.cleanfiber.com/

pulsESG™
Sector: Multi-sector
Stage: Series Seed

pulsESG™’s enterprise software allows asset managers, financial services firms, and other companies to measure, track, and audit Environmental, Social, and Governance (ESG) metrics. pulsESG™ provides full integration with internal sources of data and external facing data systems allowing users to automate and audit ESG reporting.
https://pulsesg.com/

Sealed
Sector: Efficient Buildings
Stage: Series B

Sealed designs, manages, and finances home weatherization and electrification projects, making it easy and affordable for people to be more comfortable while using less energy.
https://sealed.com/

Swell Energy
Sector: Clean Energy
Stage: Series A

Swell installs, finances, and operates residential and commercial solar and battery storage systems as part of the Company’s Virtual Power Plant (VPP) network. The Company is a VPP developer and operator that has secured multiple utility contracts to provide grid services that support a carbon-free, distributed renewable energy system.
https://www.swellenergy.com/

SWTCH
Sector: Electric Transport
Stage: Series A

SWTCH provides EV charging solutions in urban multi-tenant settings—multi-family, office, and retail buildings—across North America; 50% of these buildings are low-moderate income multi-family buildings.
https://swtchenergy.com/

UtilityAPI
Sector: Clean Energy
Stage: Series A

UtilityAPI is a data service company that helps clean energy developers and utilities share data. The data is used to develop distributed energy resources, implement incentive programs, and meet regulatory requirements.
https://utilityapi.com/

About Aligned Climate Capital

Aligned Climate Capital LLC is an asset manager investing exclusively in the people, companies, and real assets that are decarbonizing the global economy. Founded in 2019, Aligned is a dynamic and mission-driven firm that believes solving climate change is a unique opportunity to generate strong financial returns, while also achieving meaningful environmental and social impact. The team works at the intersection of finance, technology, and public policy with a particular focus on ESG metrics.

Aligned currently has more than $1.8 billion in assets under management (as of 12/31/21) across three separate investment strategies: Aligned Climate Fund; Aligned Solar Partners, a tax-efficient distributed solar strategy; and Ares Climate Infrastructure Partners, its joint venture with Ares Management’s Infrastructure and Power Group.

Aligned’s senior leadership have been at the forefront of mobilizing private capital to solve climate change for more than a decade. Peter Davidson and Brendan Bell— Aligned’s CEO and COO respectively— met originally when they ran the US Department of Energy’s Loan Programs Office (LPO) under President Obama. In these roles they managed a $32 billion portfolio of innovative clean energy investments, including the first loan to Tesla and the first investments in utility-scale solar. After leaving government service, they launched Aligned Intermediary with their third partner, Larry Rodman, where they advised 12 institutional investors on investments in renewable energy and other climate solutions.

For more information, please visit www.AlignedClimateCapital.com


Contacts

Suzi Emmerling
202-550-3785
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Power Industry Expert Who Pioneered Wind Turbine Repowering and Engineered Remaking of Gamesa Set to Turbocharge Malta’s Growth

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Malta Inc., a leading innovator of grid-scale, long-duration energy storage (LDES), announced today the addition of Philippe (“Phil”) Delleville as Managing Director of Product Development, Strategy and Operations.


Delleville joins Malta with extensive global business development acumen, having served in catalytic management positions with major national and international energy corporations. Delleville most recently held multiple roles with Siemens Gamesa Renewable Energy S.A., culminating in his leadership as the Global Head of Siemens Gamesa’s Project and Developmental Finance group.

In this position, Delleville oversaw over $4 billion in project financing and supported approximately 4 gigawatts worth of wind energy projects. Prior to his role in Project and Development Finance, he was Vice President / Managing Director of the Service department for the North American region, optimizing the department’s profitability and implementing key initiatives to grow the business. Under his direction, Siemens Gamesa became a pioneer in wind energy project repowering.

Prior to Siemens Gamesa, Delleville amassed two decades of international experience in general management, manufacturing operations, strategic marketing, and product management for Saint-Gobain Corporation, a publicly held multinational producer of construction products and high-performance materials.

In 2021 Delleville was appointed as a member of the Export-Import Bank of the United States (EXIM) Advisory Committee.

Phil Delleville’s galvanizing approach to organizational development and project finance makes his addition to our team an exciting moment in the Malta Inc. journey,” said Malta CEO Ramya Swaminathan. “Phil’s proven international experience, his uncanny ability to anticipate what’s next, and his penchant for bringing people together will catalyze Malta’s progress as we rapidly advance toward global commercialization.”

Malta signaled that 2022 will be a transformational year for company as it implements its strategic plan with the addition of key industry professionals and a focus on commercial projects, as worldwide storage demand—particularly long duration—grows at an accelerating pace. Following the appointment of Alexandra (“Alie”) Pruner to the position of Board Chair last month, Delleville’s hiring is a major step in the company’s 2022 Strategic Plan to assemble a world-leading team and advance Malta’s position as the preeminent LDES company globally.

Delleville holds dual French and American citizenship and is multi-lingual, with fluency in English, French, German and Spanish. He earned a bachelor’s degree in international business and finance from the European School of Business, Germany, a bachelor’s degree in business administration from the Reims Management School, France, and his MBA from Temple University.

About Malta Inc.,

Based in Cambridge Massachusetts, Malta, Inc. has developed a Pumped Heat Energy Storage (PHES) system to provide long-duration, large-scale, cost-effective, and safe energy storage. Malta’s system stores electricity as thermal energy and then re-generates the electricity on demand for up to 200 hours, meeting daily and weekly needs. Malta’s PHES system also generates clean heat for industrial and district heating applications. The company was originally incubated at Google’s Moonshot Factory, X, and is backed by energy industry leaders Alfa Laval, Proman, Chevron Technology Ventures, as well as investors Breakthrough Energy Ventures and Piva Capital.

Visit: www.maltainc.com


Contacts

Steven C. Sullivan
518-441-7272
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DUBLIN--(BUSINESS WIRE)--The "Rooftop Solar Photovoltaic (PV) Market Size, Market Share, Major Trends, and Key Country Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.


The report provides a clear overview of and detailed insight into the global rooftop solar PV market. The report provides data and analysis on the historic and forecast rooftop solar PV capacity. It also covers the market size for the 2013-2030 period.

The report covers 12 major countries in the market: Australia, Belgium, China, France, Germany, India, Italy, Japan, the Netherlands, United Kingdom, United States, and Vietnam. Each section provides an overview of the country's rooftop solar PV market, along with installed solar PV capacity for 2012-2030, market size (2013-2030), segmentation, and market drivers and restraints affecting the market, major active and upcoming rooftop solar PV plants in each country, major tenders and contracts, and brief information about the major manufacturers in the country.

Scope

  • Rooftop solar PV market study at global level, and at key country level covering twelve key countries in depth.
  • Key growth drivers and challenges at a country level.
  • Historic (2012-2020) and forecast (2021-2030) data for cumulative installed rooftop solar PV capacity and annual additions globally, and for each of the key countries.
  • Market size globally and in each of the key countries.
  • Market segmentation globally and in each of the key countries.
  • Major active and upcoming rooftop solar PV plants in each country, major tenders and contracts, and brief information about the major manufacturers in the country.

Reasons to Buy

  • Facilitate decision-making by providing historical and forecast data in the rooftop solar PV market.
  • Develop business strategies by understanding the drivers and challenges of the market.
  • Position yourself to gain the maximum advantage of the industry's growth potential.
  • Maximize potential in the growth of the rooftop solar PV market.
  • Identify key partners, geographies, and business-development avenues.
  • Respond to business structure, strategy, and prospects.

Key Topics Covered:

1. Executive Summary

1.1 Global Installed Capacity of Rooftop Solar PV to Reach 773.7 GW by 2030

1.2 Asia-Pacific to continue to be the largest Rooftop Solar PV Market in 2030

1.3 Germany is the largest market in cumulative capacity and China reported the largest annual additions

1.4 Changes in subsidy scheme in developed markets and upcoming rooftop solar PV projects

2. Introduction

2.1 Solar Photovoltaics (PV), Overview

2.2 Types of Solar Modules

  • Crystalline Silicon Modules
  • Thin-film Technology

2.3 Types of Rooftop Solar PV Installations

2.4 Solar PV, Value Chain

2.5 The Publisher Report Guidance

3. Rooftop Solar PV Market, Global

3.1 Rooftop Solar PV Market, Global, Overview

3.2 Rooftop Solar PV Market, Global, Share of Rooftop Capacity in Total Solar PV Capacity, 2012 - 2030

3.3 Rooftop Solar PV Market, Global, Cumulative Capacity and Annual Additions, 2012 - 2030

3.4 Rooftop Solar PV Market, Global, Average Costs and Market Size, 2013 - 2030

4. Rooftop Solar PV Market, Australia

  • Tindo Solar

5. Rooftop Solar PV Market, Belgium

  • SOLTECH NV
  • Evocells

6. Rooftop Solar PV Market, China

  • LONGi Solar Technology Co Ltd
  • JinkoSolar Holding Co Ltd
  • JA Solar Technology Co Ltd
  • Trina Solar Co Ltd
  • Risen Energy Co Ltd
  • Hanergy Holding Group Ltd
  • Suntech Power Holdings Co., Ltd
  • GCL System Integration Technology Co Ltd

7. Rooftop Solar PV Market, France

  • Photowatt
  • Voltech
  • Systovi
  • REDEN
  • RECOM Sillia
  • Armor

8. Rooftop Solar PV Market, Germany

  • Aleo Solar GmbH
  • Heckert Solar
  • Solarwatt
  • CS Wismar
  • Astronergy Solar Module
  • Axitec Energy
  • AVANCIS

9. Rooftop Solar PV Market, India

  • Waaree Energies
  • Adani Mundra Solar PV Limited
  • Vikram Solar Ltd
  • RenewSys India
  • Tata Power Solar Systems Ltd
  • Premier Solar Systems Pvt Ltd
  • Emmvee Solar Systems Pvt Ltd
  • Moser Baer Solar Ltd

10. Rooftop Solar PV Market, Italy

  • Eclipse Italia
  • EXE s.r.l.
  • Enel Green Power SpA
  • SPS ISTEM
  • Sunerg Solar Srl
  • Trienergia srl

11. Rooftop Solar PV Market, Japan

  • Sharp Energy Solutions Corporation (SESJ)
  • Kyocera Corporation
  • Panasonic
  • Kaneka Solar Energy
  • Fujipream Solar Corp
  • INFINI Japan Solar
  • K.I.S
  • Solar Frontier KK

12. Rooftop Solar PV Market, the Netherlands

  • Supersola
  • GiraSolar BV
  • Scheuten Solar

13. Rooftop Solar PV Market, the UK

  • Viridian Solar
  • GB SOL
  • Romag

14. Rooftop Solar PV Market, the US

  • LG Electronics USA
  • SunPower Corp
  • ReneSola Ltd
  • Boviet Solar USA
  • First Solar
  • MiaSole Hi-Tech Corp

15. Rooftop Solar PV Market, Vietnam

  • IREX Energy JSC
  • Ht Solar Vietnam Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/erzvkl


Contacts

ResearchAndMarkets.com
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DUBLIN--(BUSINESS WIRE)--The "Global Advanced Lead Acid Battery Market by Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential) and Region (North America, APAC, Europe, RoW) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.


The market size of advanced lead acid battery is estimated to grow from USD 22.7 billion in 2022 to USD 30.7 billion by 2027, at a CAGR of 6.3% during the forecast period.

The advanced lead acid battery market has been growing moderately over the past five years, owing to rapid technological advancements and expansion in the telecom sector.

Utility is the fastest growing segment of advanced lead acid battery market by end-user

The advanced lead acid battery market by end-user is segmented into utility, transportation, industrial, and commercial & residential. The utility segment is expected to grow at the fastest rate owing to growing industrialization in developing countries such as India and China, which will enhance the electricity demand, creating the market for advanced lead acid batteries.

By type, motive segment is expected to account for the largest market share during the forecast period

By type, motive segment was the largest in the advanced lead acid battery market, in 2021, in terms of value. Motive advanced lead acid batteries are used in automotive and automobile applications and have a significantly high discharge and charge rate. These batteries commonly comprise of cathode, and anode plates, strengthened with either an amalgamate of lead and antimony in a flooded setup or calcium and lead alloy in a sealed setup. Usage of motive advanced lead acid batteries in automotive sector is expected to drive the market in the future.

Asia Pacific was the fastest growing region for advanced lead acid battery market in 2021

Asia Pacific is one of the major market for advanced lead acid battery, in terms of value. Asia Pacific is the leader in the advanced lead acid battery market, and this dominance is expected to continue during the forecast period as well. Key countries in the Asia Pacific advanced lead acid battery market include China, Japan, South Korea, and India, which dominated the region's overall market in terms of value in 2021. The growing demand for electricity in emerging countries of Asia Pacific are expected to drive the growth of the advanced lead acid battery market in the region.

Market Dynamics

Drivers

  • Cost-Competitive Energy Storage Solution
  • Rapid Technological Advancements and Expansion in Telecom Sector
  • Easily Recyclable Compared to Lithium-Ion Battery

Restraints

  • Low-Cost Alternatives in Energy Storage Space
  • Safety Related to Battery Usage

Opportunities

  • Expanding Data Center Infrastructure
  • Increase in Renewable Energy Generation Target

Challenges

  • Growth of Electric Vehicles
  • Impact of COVID-19 on Advanced Lead Acid Battery Market

Companies Mentioned

  • Amara Raja Batteries Ltd.
  • Banner Batteries
  • Camel Group Co., Ltd.
  • Chaowei Power Holdings Limited
  • Clarios
  • Coslight Technology International Group Co., Ltd.
  • Crown Battery
  • Csb Energy Technology Co., Ltd.
  • East Penn Manufacturing Company
  • Enersys
  • Exide Industries Ltd.
  • Exide Technologies
  • Fiamm Energy Technology S.P.A.
  • First National Battery
  • Gridtential Energy, Inc.
  • Gs Yuasa International Ltd.
  • Hoppecke Batterien GmbH & Co. Kg
  • Leoch International Technology Limited Inc.
  • Midac Batteries S.P.A.
  • Narada Power
  • Ritar International Group
  • Shuangdeng Group Co., Ltd.
  • The Furukawa Battery Co., Ltd.
  • Tianneng Group
  • Trojan Battery Company, LLC

For more information about this report visit https://www.researchandmarkets.com/r/uvtigz


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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  • Capstone CEO, Stewart Wallach to discuss the planning and current initiatives supporting the Capstone Connected Portfolio

DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology announced today that it will host a webcast during which Chief Executive Officer, Stewart Wallach will provide a strategic update for 2022.


Stewart Wallach, Capstone’s CEO, commented, “I am looking forward to discussing the 2022 marketing initiatives planned and underway in support of our Capstone Connected programming.”

Friday, May 20, 2022
10:30 a.m. Eastern Time
Phone: 1-201-689-8562

A telephonic replay will be available from 2:30 p.m. Eastern the day of the call until Friday, May 27, 2022. To listen to the archived call, dial (412) 317-6671 and enter conference ID 13730178. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com along with a transcript once available.

The Company welcomes you to visit its updated website at www.capstoneconnected.com that now enables users to reserve their preferred mirror.

About Capstone Companies, Inc.

Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.

Visit our websites; www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com and www.capstoneconnected.com for information on our current product offerings. Contents of referenced URL’s are not incorporated herein.

Forward Looking Statements. Forward Looking Statements. This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Company’s views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this press release and involve a number of risks and uncertainties, some beyond the Company’s control or ability to foresee, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including, including: the prospects of a new product line like the Smart Mirrors; the impact of Coronavirus/COVID-19 pandemic on the Smart Mirror product line and consumer responsiveness to that product line; any difficulty in manufacturing the products or marketing Company products in its target markets; growing competition in the very competitive market; and impact of evolving technologies in Smart Mirrors on Company’s prospects and products. Coronavirus/COVID 19 pandemic continues to restrict or adversely impact the general economy as well as business operations of companies and retailers, especially consumer product companies like our company that has traditionally relied on retail distribution. Further, whether resulting from Coronavirus/COVID-19 pandemic or our status as a smaller reporting company or both factors, an increase in the cost or the difficulty to obtain debt or equity financing necessary to produce and promote our product line could affect our ability to fund operations or future financial and business performance. The future impact of Coronavirus/COVID-19 pandemic and the emerging variants of that virus on our company and its Smart Mirror launch continues to very difficult to foresee or predict. Additional information that could lead to material changes in Company’s performance is contained in its filings with the Securities and Exchange Commission. Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise. Any investment in the Company’s common stock, which is a “penny stock,” is highly risky and not suitable for investors who require liquidity and are unable to withstand the loss of their investment. Investors should only rely on public information in our filings with the SEC, especially disclosures of Risk Factors, as a basis for investment decisions about Company common stock. Company’s SEC filings can be accessed through SEC website: www.sec.gov or the corporate website listed below.


Contacts

Aimee C. Brown
Corporate Secretary
(954) 252-3440, ext. 313

DUBLIN--(BUSINESS WIRE)--The "Sonar Systems Market Share, Size, Trends, Industry Analysis Report, By Application; By Ports; By Installation, By Region; Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.


The global sonar systems market size is expected to reach USD 7.0 billion by 2030, according to a new study. This report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Key factors driving the market's growth include stable growth in the deliveries of military vessels. The market will be driven by the steady increase in military vessel deliveries. Military vessels use a handful of the most modern systems for maximum precision. These are employed on military ships for various purposes, including mine detection, seabed terrain analysis, anti-submarine warfare, diver detection, and port security.

Submarines utilize active sonar to navigate enemy seas undetected, but aircraft carriers and corvettes employ multi-static sonar to identify enemy ships. The growing number of such military ships on the water will help the industry in the coming years. Furthermore, un-manned Underwater Vehicles (UUVs) are remotely operated underwater vehicles that are utilized for various functions in the marine environment, including mine detection, seabed terrain exploration, fish behavioral observation, and so on.

These uncrewed aerial vehicles (UUVs) are evolving as more militaries and other organizations show interest in them. Due to the small size of UUVs, the systems employed in them must likewise be small, and the systems must be modern enough to work efficiently on the remote control. This allows the industry to both change and flourish simultaneously.

Based on the platform, the airborne segment accounted for the leading share in the industry. During the predicted period, the airborne category will see significant expansion. Early detection of opponents' submarines to prevent attacks and loss of resources is a crucial usage of sonobuoys and dipping port in the airborne segment, generating demand for sonobuoys.

Market Dynamics

Drivers and Opportunities

  • Stable Growth in the Deliveries of Military Vessels
  • Increasing Adoption rate of Unmanned Underwater Vehicles (UUVs)

Restraints and Challenges

  • Shift from 2D sonar processing to 3D sonar processing for seabed imaging and charting

The publisher has segmented the sonar systems market report based on application, platform, ports, Installation, and region:

Sonar Systems, Application Outlook (Revenue - USD Billion, 2018 - 2030)

  • Anti-submarine Warfare
  • Port Security
  • Mine Detection & Countermeasure Systems
  • Search & Rescue
  • Navigation
  • Diver Detection
  • Seabed Terrain Investigation
  • Scientific
  • Others

Sonar Systems, Platform Outlook (Revenue - USD Billion, 2018 - 2030)

  • Commercial Vessels
  • Defense Vessels
  • Unmanned Underwater Vehicles (UUVs)
  • Aircrafts
  • Ports

Sonar Systems, Ports Outlook (Revenue - USD Billion, 2018 - 2030)

  • Hull-mounted
  • Stern-mounted
  • Dipping
  • Sonobuoy

Sonar Systems, Installation Outlook (Revenue - USD Billion, 2018 - 2030)

  • Fixed
  • Deployable

Sonar Systems, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Netherlands
  • Spain
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Companies Mentioned

  • Atlas Elektronik
  • FLIR Systems
  • Furuno Electric Co.
  • Japan Radio Company
  • Kongsberg Gruppen ASA
  • L3 Technologies
  • Lockheed Martin
  • Navico
  • Raytheon Company
  • Sonardyne
  • Teledyne Technologies Inc.
  • Thales Group
  • Ultra Electronics

For more information about this report visit https://www.researchandmarkets.com/r/5hi853


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

GRAND JUNCTION, Colo.--(BUSINESS WIRE)--#DigitalOilfield--Iron-IQ and ScoutFDC, powered by WolfePak Software, announced their partnership with Texas-based oil and gas company Greenlake Energy. Iron-IQ, the industry-leading cloud-native SCADA software provider, has joined forces with ScoutFDC, a field data capture platform that streamlines production data management processes, to further Greenlake Energy’s lean and nimble modern operations.


This partnership solidifies Greenlake Energy as a data-driven, modern operator of the future. The combination of data-driven culture, native cloud ecosystem and ESG-conscious engineering designs offer a differentiating storyline for Permian Basin operators.

“Greenlake Energy provided an opportunity to rethink legacy industry challenges and establish a cloud-first ecosystem across the well lifecycle. Strategic partners, Iron-IQ and ScoutFDC, quickly validated our shared vision and became anchor points for our Intelligent Operations program. Wellsite telemetry will be the lifeblood of our operate-by-exceptions workflows and data science initiatives. It was imperative to reevaluate traditional SCADA offerings. Collectively, we are confident this partnership will deliver mobile operator efficiency, reduced GHG intensity and boost operational uptime. We feel this collaborative partnership directly models the way for the responsible, modern operator moving forward,” said Rob Hembree, Greenlake Energy’s VP of Technology.

Field Superintendent of Greenlake Energy, Nick Sanchez shared, “We are carrying forward our commitment as a recognized responsible operator based on a proven track record at Parsley Energy. The low-carbon, low-cost barrel wins the day. This partnership serves as a foundation for intelligent well surveillance and improved incident response. The aligned vision across our teams will help optimize every barrel we produce while simultaneously minimizing emission intensity across our assets.”

Rethinking traditional field data capture was a primary objective. Greenlake Energy aims to digitize key development and production workflows from real-time production surveillance through production accounting reconciliation. The cloud-native and best-in-class field operations platforms enable digital workflow and integration across SCADA alarm rationalization, downtime tracking, and asset maintenance. All are counter to antiquated legacy E&P solutions.

"Every competitive energy producer should have SCADA," said Iron-IQ CEO Michael Ligrani. "However, most SCADA Systems are not built for tomorrow," Ligrani explained. "The best operators understand that SCADA and access to data have become a critical part of their business. The tough part until now is ensuring whatever SCADA System you invest in will be more capable and easier to use in the future. We've rethought how modern SCADA architecture looks and performs, and we're changing the way SCADA is implemented in the oil and gas industry. We are the future platform."

As the oilfield becomes more digital, combined with ever-increasing data volumes and measurement complexity, many other energy companies are struggling to continuously manage it. With the changing landscape of environmental regulations and the need for on-demand data, switching to a cloud-native and mobile-first solution is a necessary step in the evolution of how E&Ps will operate in the future.

“Greenlake Energy and like-minded operators are establishing the blueprint for modern systems, and Scout is proud to be a part of that foundational solution,” said Paul Marino, GM of ScoutFDC, a division of WolfePak Software. “By leveraging Scout for data collection, production surveillance, incident response, and ESG events, Greenlake is positioned to scale as a responsible operator without the burden of legacy systems. We have big things in store for our relationship with Greenlake and are excited to work with this team.”

The future of SCADA and field data management is being led by Iron-IQ and ScoutFDC with modern operators like Greenlake Energy setting the pace for the rest of the industry. To learn more about Iron-IQ and to schedule your demo, reach out to us at www.iron-iq.com/contact or call at 877-664-9355. To learn more about ScoutFDC, please visit wolfepak.com/scout/.

About Iron-IQ

Iron-IQ provides operators a frictionless path to getting all their equipment, people, and processes connected on the cloud with affordable cloud-native oil and gas SCADA. IRON-IQ formed from merging an established energy software company with a major SCADA provider, and together we offer deep domain expertise, better software, and work with hardware others can’t. Our cloud-native platform provides on-demand scalability with no expensive up-front costs and internal IT support. Gain all the benefits of enterprise SCADA without the price tag. For more information, please visit www.iron-iq.com.

About WolfePak Software

WolfePak Software offers cloud-based business automation software for independent oil and gas upstream and midstream companies, including E&P operators, crude oil purchasers, transporters, haulers, investors, and accounting firms. Located in Abilene, Texas, WolfePak serves over 2,000 customers primarily in North America. With its staff of experienced software developers, and oil and gas accounting professionals, WolfePak has been helping customers automate business operations, reduce operating costs, and increase their profitability since 1986. For more information, please visit www.wolfepak.com.


Contacts

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Chief Revenue Officer, Iron-IQ
Mobile: 970.697.7040 Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

BRYAN, Texas--(BUSINESS WIRE)--FSX, LLC, the developer of the Freight Shuttle System and Port Houston, have entered into an agreement to explore the steps required for deployment of Freight Shuttle’s Seaport System at the Port’s growing container facilities. The Freight Shuttle is an elevated, zero emission system for moving shipping containers to and from the Port’s busy terminals, making best use of available space and addressing the need to improve air quality in the region.



“Considering the tsunami of freight on the horizon, solutions like the Freight Shuttle are needed now more than ever,” says Steve Roop, the founder and CEO of FSX. With immense commercial growth at Port Houston, creative solutions are needed as demand for Port services continues to grow. Recent and ongoing global supply chain disfunction has highlighted this necessity. The Freight Shuttle Seaport System is a force multiplier for cargo space by accelerating the rate at which shipping containers are moved from the port, transporting them via autonomous vehicles safely and efficiently to a facility closer to customer hubs and away from critical high-traffic choke points. The proposed system will promise to keep pace with commercial growth at the port while reducing emissions and reducing truck miles on roadways shared by passenger vehicles. Implementation of the Freight Shuttle System is one way that Port Houston is planning to stay in front of the shipping needs of the Houston region. The agreement is a commitment to work together on the Freight Shuttle, which represents a significant innovation and builds on the introduction of the intermodal shipping container which first appeared in large scale use in 1965.

The Freight Shuttle (FSX) has been developed to provide a low-emission alternative to moving freight in heavy freight corridors or ports of entry. Freight Shuttle moves truck trailers, domestic intermodal containers (up to 53 ft.), and all sizes of ocean shipping containers via emissions-free, electric-powered transporters on elevated guideways in highway or other rights-of-way over distances of up to 500 miles. For more information visit www.freightshuttle.com.


Contacts

JESSICA FRANKLIN
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979-229-0687

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