Wallbox to reduce its global climate impact and exceed Paris Climate Agreement goals by almost two decades
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its goal to achieve Net Zero greenhouse gas (GHG) emissions across its global footprint by 2030. This announcement comes on the heels of the release of the company’s first sustainability report since listing on the New York Stock Exchange.
“Sustainability is a driving force behind everything we do at Wallbox, and climate change is a global issue. As a global company, we feel propelled to lead by example,” said Enric Asunción, CEO and co-founder of Wallbox. “While this is our first official pledge, it is just one example of how sustainability is part of our DNA. Last year alone we reduced the emissions from our HQ by 18%, through the installation of solar panels and the use of our proprietary energy management solution.”
Wallbox’s plan is intended to not only account for all emissions emitted from its buildings and internal operations, but also take into account its footprint throughout the full value chain of its products. To achieve this ambitious target the company has outlined a three-phase plan:
Phase 1
Phase 2
Phase 3
Asunción continued, “while some carbon offsetting may be necessary, our ESG strategy will be primarily based on reducing greenhouse gas emissions as much as possible, and we plan to offset residual emissions only where we cannot reduce greenhouse gas emissions any further through other means.”
Wallbox expects to sign the Global Compact and plans to undertake the UN’s Sustainable Development Goals. Wallbox is not only aligning to the Paris Agreement but, based on its plans, is on an accelerated track, with an aggressive goal of Net Zero GHG emissions by 2030, 20 years ahead of the Paris Agreement. Using Wallbox’s proprietary energy management system, Sirius, the company has been able to track emissions in real time in its headquarters (HQ) in Barcelona and its two Barcelona manufacturing facilities. In just the past year the company has been able to reduce its HQ emissions by 18%. The data from this software is being used to identify the main greenhouse gas impacts along the value chain to start implementing meaningful measures to reduce emissions. You can learn more about Wallbox’s NetZero journey here.
About Wallbox Chargers
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 98 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 900 people in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.
Wallbox Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s goal to achieve Net Zero greenhouse gas emissions by 2030, its three phase plan to achieve that goal, its plan to offset residual emissions only where it cannot reduce greenhouse gas emissions any further through other means and its intentions regarding the Global Compact and US’s Sustainable Development Goals. . In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," “goal,” "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; energy and fuel prices; technological innovations; legislative and regulatory changes; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control to perform; the compliance of various third parties with Wallbox’s policies and procedures and legal requirements; risks related to Wallbox’s technology, intellectual property and infrastructure; Wallbox’s ability to successfully implement various initiatives throughout our company and full value chain under expected time frames; Wallbox’s ability to gather and verify data regarding environmental impacts and emissions; risks related to the Russia-Ukraine War, and other important factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
###
Wallbox Public Relations Contact
Elyce Behrsin
Public Relations
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+34 622 513 358
DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Monitor" newsletter has been added to ResearchAndMarkets.com's offering.
REM covers information across all main renewable energy sources, including onshore and offshore wind, solar, geothermal, biomass, biofuels, hydro, wave, tidal and marine. It also gives insight into new and developing technologies such as algal biofuels and advanced storage, keeping customers abreast of the latest updates and innovations relevant to any of the above sectors.
REM aims to alert readers and investors on the latest large-scale projects and IPOs, giving balanced coverage of potential global opportunities for investors and companies along the renewable energy supply chain.
In the renewables industry, policy can often dictate the fate of successful projects and investment - REM aims to provide detailed commentary and the latest news on regional issues and decision-making, from a supra-national level such as the European Commission, to national guidance such as the US EPA or Japan's METI.
For more information about this newsletter visit https://www.researchandmarkets.com/r/1epd4v
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Middle East Oil & Gas Monitor" newsletter has been added to ResearchAndMarkets.com's offering.
With around 40% of the world's oil supply coming from the Persian Gulf, in addition to exploration and production (E&P), MEOG's coverage includes policy and transport issues which can cause price spikes in the global hydrocarbon markets.
MEOG offers insight into the latest developments in the oil and gas sectors of Bahrain, Iraq, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, the UAE and Yemen. While much of the region has been extensively explored, there remain 'frontier' areas of E&P.
Oil shale efforts in Jordan could provide vast resources through the greater cost effectiveness of new technologies. To the north-west, Beirut has grown increasingly impatient to follow the major gas discovery trend in the Eastern Med and Lebanon's first offshore bid round is likely to kick off drilling campaigns in the medium term.
Countries Covered
For more information about this newsletter visit https://www.researchandmarkets.com/r/qt0ngr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Outlook and Forecast Report" has been added to ResearchAndMarkets.com's offering.
This report includes crude oil and natural gas price forecasts and commentary about the market outlook.
This report is written by an independent financial market research firm based in Austin, Texas. The author has been top ranked by Bloomberg News for its forecast accuracy in 36 different categories, including being ranked the #1 forecaster in the world of crude oil prices and natural gas prices.
Key Topics Covered:
1. Overview Page
2. Letter from the President
3. Economic Outlook and Forecasts
4. Energy Outlook and Forecasts
5. Crude Oil Outlook
6. Natural Gas Outlook
For more information about this report visit https://www.researchandmarkets.com/r/w588ft
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TURIN, Italy--(BUSINESS WIRE)--The third edition of the Investment Challenge – the second challenge on the sustainability theme – created by Banca Generali and Reply in collaboration with MIP Politecnico di Milano, MainStreet Partners and CFA Society Italy, has officially ended.
The online competition saw record numbers, with over 13,750 participants from 95 countries generating a total traded value of over $8.2 billion by trading in companies with the best ESG rating, as the aim was to achieve the best impact for future generations.
From the outset, participants demonstrated an ability to identify and invest in products with a positive ESG rating, in line with the competition's sustainable investing objective. From day one, 67% of the transactions were carried out on instruments with a positive ESG rating, i.e. an ESG rating of 3 or more 3 (on a 1-5 scale). A further evolution in investment strategies was noted during the competition: participants came to identify virtuous stocks more effectively, increasing the percentage of traded products with ESG scores above 3 – a testament to the skill of the participants.
To better prepare for the challenge participants were able to deepen their knowledge of ESG ratings and broaden their general finance and investment skills through exclusive e-learning content specially created by Reply, Banca Generali, MIP Politecnico di Milano and MSP.
On the podium of the 2022 edition of the Reply Sustainable Investment Challenge stood:
Nigel Cledwyn Motinius, 22, a law student at the University of the West of England (Bristol), who took the first place with a ranking value of 98,852.47;
Antonio Villano, 23 years old, an Economics and Finance MA student at the University of Milano-Bicocca, with a ranking value of 75,002.96 achieved by investing exclusively in securities with a positive ESG rating, took the second place;
Giacomo Gazzo, 23, a Management Engineering student at the Politecnico di Milano, who took the third place with a ranking value of 81,507.37.
"The participants’ ability to change their strategy during the course of the competition in order to find more sustainable stocks highlights their level of knowledge and skill,” explained Roberto Tognoni, a Reply Executive Partner. “We are extremely satisfied with the huge success of this new edition of the Reply Investment Challenge and with the Reply Challenges programme in general, which shows how essential is to engage with the new generations of talent through new and innovative training dynamics".
We are happy with the extraordinary success of the Sustainable Investment Challenge 2022. The high level of participation in the event is a sign of strong interest from young people in savings and investments, with a particular focus on sustainable investments. The results achieved and the building of many of the portfolios in the competition are a sign of maturity from younger generations, which opens an interesting opportunity for reflection within our sector," commented Carmelo Reale, General Counsel and Head of Sustainability at Banca Generali.
The Reply Sustainable Investment Challenge is part of the Reply Challenges programme, which, in conjunction with the Reply Code For Kids programme and the Master's Degree course in AI & Cloud offered at the Polytechnic of Turin, is one of the examples of Reply's commitment to the development of innovative training models, capable of engaging new generations. Reply Challenges now have a community of over 140,000 players.
Reply
Reply [MTA, STAR: REY, ISIN: IT0005282865] specialises in the design and implementation of solutions based on new communication channels and digital media. As a network of highly specialised companies, Reply defines and develops business models enabled by the new models of AI, big data, cloud computing, digital media and the internet of things. Reply delivers consulting, system integration and digital services to organisations across the telecom and media; industry and services; banking and insurance; and public sectors. www.reply.com
Banca Generali
Banca Generali is one of Italy's leading private banks in financial planning and customer wealth protection, with a network of private bankers and consultants whose skill and professionalism places them at the top of the industry. The company's strategy is based on four key elements: the qualified advice of professionals specialising in protecting the wealth of families and supporting their future planning; a cutting-edge product portfolio with solutions tailored to personal needs; innovative wealth management services for the care of financial and other assets, and innovative tools that use technology to enhance the relationship of trust between advisors and clients. The bank's mission highlights its role as a group of trusted professionals who are constantly by their clients’ side, helping them build and take care of their life plans. Listed on the Milan Stock Exchange since November 2006, it manages over 85.7 billion euros in assets from Assicurazioni Generali on behalf of its clients (as at 31 December 2021). It has an extensive presence throughout Italy, with 45 bank branches and 137 offices available to over 2150 financial consultants, as well as an advanced digital contact service for its operations. In addition, its a digital banking platform, www.bancageneraliprivate.it, enables clients to access banking services independently.
MainStreet Partners
We are the trusted ESG partner of many investors for one simple reason: we provide a single platform for their portfolio-level sustainability requirements. Our clients include some of the most sophisticated wealth managers, investment banks, insurance companies and institutional investors in the financial sector.
MainStreet Partners is based in London, regulated by the Financial Conduct Authority and consists of two main divisions:
Our proprietary models and databases are available on a pragmatic and intuitive ESG platform. Our clients can create sustainable portfolios and/or analyse their portfolios through:
MIP Politecnico di Milano Graduate School of Business
MIP is the Graduate School of Business of the Politecnico di Milano. For more than 40 years, it has been offering management training programmes for graduates, professionals, companies and institutions. In 2014, it launched the first Executive MBA in digital learning in Italy. Today, digital training is an integral part of its entire training offering. The School pays particular attention to sustainability issues: it is the only European Business School among the B Corp certified companies, an award given to companies that stand out for their commitment to sustainable development and to building a more inclusive society. MIP constantly works alongside internationally renowned national and international companies, building partnerships that allow it to devise training programmes aimed at providing useful tools to meet the challenges of contemporary markets. Its educational offer consists of more than 40 yearly Master's degree programmes (including MBAs and Executive MBAs), a catalogue of more than 200 Open programmes dedicated to executive profiles, and several training courses tailored to different businesses. www.som.polimi.it/
CFA Society Italy
CFA Society Italy is Italy’s top association for professionals who have obtained the Chartered Financial Analyst® (CFA) qualification, the most important certification in the finance world. Founded in 1999 as an affiliate of CFA Institute, the association is the point of reference for CFA Charterholders in Italy. It promotes professional ethics and the value of the training and certification in our country, providing a range of services for professionals and for those following the demanding exam process. The entire activity of CFA Society Italy, as well as other affiliated associations around the world, is largely based on the voluntary commitment of its members. CFA Society Italy has approximately 600 members.
Press contacts:
Reply
Fabio Zappelli
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Aaron Miani
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Tel. +442077306000
Banca Generali
Davide Pastore
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Tel. +39 337 1115357
MainStreet Partners
Laura Regi
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MIP Politecnico di Milano Graduate School of Business
Alessandro D'Angelo
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CFA Society Italy
Elena Giffoni
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+39 347 2626681
ecobee once again recognized for its commitment to energy efficient products and solutions
TORONTO--(BUSINESS WIRE)--ecobee is proud to announce that the U.S Environmental Protection Agency has named it an ENERGY STAR Partner of the Year for the second year in a row. This award recognizes ecobee’s demonstrated leadership and commitment to improving energy efficiency through its continued innovations, including its industry-leading ecobee smart thermostats, and intelligent software platform, eco+, designed to improve energy efficiency, benefiting both consumers and the planet.
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.
“Receiving this recognition for the second consecutive year underscores our commitment to developing energy efficient products and solutions and finding innovative ways to reduce carbon emissions, all while helping customers live more comfortably,” said Chris Carradine, EVP of ecobee Energy. “At ecobee, it is our mission to ensure our advanced technologies are designed to not only improve everyday life, but create a more sustainable world.”
ecobee’s ENERGY STAR-certified smart thermostats include eco+, a suite of features that helps customers save even more energy. Community Energy Savings is an opt-in feature within eco+ that works with customers’ utilities to make slight temperature adjustments when community electrical demand peaks, which lessens the overall strain on the power grid and increases the consumption of cleaner energy. The thermostats learn and adapt to the owner’s routine for comfort while at home and reduce energy while away, saving customers up to 26%¹ on annual heating and cooling costs.
ecobee has also improved access to energy efficient products by subsidizing tens of thousands of thermostats through the company’s Income Qualified program and partnering with local housing organizations, cities, and NGOs to donate devices to community housing projects. Dedicated to energy efficiency, the company continues to work to find innovative ways to reduce carbon emissions, design products to stay in homes and out of landfills, and improve access to sustainable products for families across North America.
“We know it’s going to take all of us working together to tackle the climate crisis, and the 2022 ENERGY STAR award-winning partners are demonstrating what it takes to build a more sustainable future,” said EPA Administrator Michael S. Regan. “These companies are showing once again that taking action in support of a clean energy economy can be good not only for the environment, but also for business and customers.”
Each year, EPA’S ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. Winners lead their industries in the production and sale of energy efficient products and services, and in the development and adoption of strategies that provide substantial savings in the buildings where we work, and in our homes. For more information about the ENERGY STAR’s awards program, visit www.energystar.gov.
To learn more about ecobee’s suite of industry-leading energy efficient products and solutions, visit ecobee.com.
¹ Compared to a hold of 72°F/22°C.
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 SmartThermostat with voice control and SmartCamera with voice control, and its Smart Security home monitoring system, 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.
Press:
Fatima Reyes, Senior Communications Manager, ecobee
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Franchised Travel Center Adds 103 Truck Parking Spaces and Over 70 Jobs
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator of the TA, Petro Stopping Centers and TA Express travel center network, today announced the opening of a new TA Express travel center in Fairfield, Texas, located off Interstate 45, exit 198. The newly constructed TA Express is a franchised location and expands TA’s total nationwide network of travel centers to 276 sites, including 45 franchised sites.
TA Express Fairfield offers fueling, convenience items, dining options and other services for professional drivers and motorists. The new 17,000 square foot facility sits on a 19-acre property and offers a convenient stop for those traveling between Dallas and Houston. Amenities include:
“As we continue expanding our footprint across the country, we are strategically opening travel centers in locations where our services are needed by both professional drivers and motorists,” said Jon Pertchik, Chief Executive Officer of TravelCenters of America. “In partnership with our franchisee, we are proud to join the Fairfield community and look forward serving both travelers and residents along Interstate 45.”
Network growth and enhancing the guest experience are key components of TA’s Transformation. TA will continue to focus on franchising to expand its footprint and will continue offering guests welcoming and pleasant atmospheres like the newly built TA Express Fairfield, and through its continued nationwide site refresh program, which includes the upgrade of over 100 sites by the end of 2022.
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in 276 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, and leverages alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Tina Arundel
TravelCenters of America
440-250-4758
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WASHINGTON--(BUSINESS WIRE)--The Theodore Roosevelt Conservation Partnership® (TRCP®) honored Yamaha U.S. Marine Business Unit President Ben Speciale with the 2022 Conservation Achievement Award during the 14th Annual Capital Conservation Awards dinner on May 4, 2022. Recognized alongside Senator Steve Daines (R-MT) and Congresswoman Betty McCollum (D-MN), 2022 recipients of the James D. Range Conservation Award, Speciale received his award for his leadership in conservation and environmental stewardship.
“We all have access to the natural treasures of this country through our public lands and waterways, and I’m grateful to work for a company that makes products that foster a love for the outdoors. When we can find a common ground in our desire to conserve resources and work together through bi-partisan efforts, we can ensure those resources are here for future generations to enjoy,” said Speciale. “Conservation and sustainability are at the center of the Yamaha Marine organization. I’m humbled and share this honor with my co-workers and mentor, Yamaha Marine Past President Phil Dyskow.”
Involved since childhood in his family’s marina and marine dealership, Speciale grew up with a passion for boating and fishing as well as a respect for the resources that provide those opportunities. During the last five years, he encouraged the establishment and growth of Yamaha Rightwaters™, a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation and support of sustainable recreational fishing and water resources.
“Each year, the TRCP® proudly honors individuals whose commitment to conservation has had real and lasting on-the-ground results for hunters, anglers, and all Americans,” said Whit Fosburgh, TRCP® President and CEO. “Ben Speciale has been a leader in the fights to improve management of recreational angling in saltwater, conserve the ocean’s forage base, and tackle the threats posed to our fisheries by aquatic invasive species.”
As President of the Yamaha U.S. Marine Business Unit, Speciale directs all U.S.-based Yamaha marine activities and subsidiaries including Skeeter® bass boats, G3® aluminum fishing boats, Precision Propeller Industries, Bennett Marine, Siren Marine and Kracor. He also acts as Chief Sales and Marketing Officer of Marine Engines and Boat Power Systems (BPS). In addition, Speciale serves on the board of the National Marine Manufacturers Association® and is past chairman.
Founded in 2002, the TRCP® is the largest coalition of conservation organizations in the country, uniting and amplifying the voices of sportsmen and women by convening hunting and fishing groups, conservation organizations, and outdoor businesses to a common purpose.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3 Boats and Skeeter Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
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The acquisition strengthens Validere’s ESG offerings, allowing customers to turn compliance into capital
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--#ESG--Validere, a leading all-in-one commodity management platform for the energy industry, today announced the company has completed its acquisition of Clairifi Inc. (“Clairifi”). Clairifi offers end-to-end reporting capabilities on environmental and regulatory requirements, minimizing the burden around emissions management while maximizing tax savings and improving operational efficiency.
Companies across the energy supply chain are often burdened by the arduous task of compliance reporting, a time-intensive process that is usually performed manually in Excel spreadsheets by costly environmental consultants. These issues are coupled with constantly changing environmental, social and governance (ESG) policies, as well as disorganized data, which can cause confusion over meeting reporting requirements.
The acquisition of Clairifi strengthens Validere’s ESG offerings to now include regulatory reporting capabilities, in addition to enhancing our status as the only data platform for assessing and managing certification processes. Partnering with Validere also provides energy companies with access to expert ESG advisors, who can help businesses assess their ESG strategies and make the right decisions for driving efficiency and sustainability with speed and ease.
“Joining forces with Validere puts both companies in a better position to offer an effective and efficient path to compliance, utilizing a holistic approach that is guided by data-driven decisions,” says Clairifi Co-Founder and CEO Corey Wood, MSc. “Together, we’re ready to disrupt ineffective and outdated compliance approaches while enabling our clients to differentiate themselves as ESG-conscious energy producers.”
“Existing Validere customers can now take advantage of Clairifi’s proven technology to simplify regulatory compliance and fully leverage environmental commodities, utilizing comprehensive data sets to satisfy multiple regulatory requirements,” says Nouman Ahmad, Co-Founder and CEO of Validere. “This acquisition also enhances Validere’s predictive capabilities, allowing for precise forecasting based on granular inputs to create models with pinpoint accuracy.”
Thanks to the integration of Clairifi, businesses can now easily comply with current and future SEC regulations, as well as access a centralized platform to accurately measure, manage and predict their evolving emissions strategies.
"The implementation of costs on carbon and emission reduction requirements introduce new immediate and long-term consequences that cascade from the field to head office,” says Wood. “While regulatory compliance is often considered a burden on industry, requiring resources and continuous innovation, if we are well-prepared, these challenges may be used as catalysts to revive, refresh and improve.”
About Validere
Validere is the leading all-in-one commodity management platform for the energy industry. We help energy providers gain visibility, action their findings and predict future scenarios for their physical and environmental commodities. We are the only platform that integrates data and insights on ESG markets with traditional commodity markets, giving clients a holistic picture for their core business decisions. We believe the future of energy requires a modernized supply chain, so we’re reducing the barriers to actionable insights to make the energy landscape better for everyone. Through people and technology, we bring clarity to commercial and operational challenges, provide ways to act on the learnings and facilitate predictions for the future state.
About Clairifi
The Clairifi platform makes it easy to understand how regulatory requirements apply to your organization, while minimizing the burden of quantification, analysis, forecasting and reporting. By empowering our users with emerging regulatory technology, we are helping oil and gas companies shift their focus from the previous year's emissions to maximizing savings, increasing operational efficiency and identifying opportunities to capitalize on carbon offset credit projects.
Media Contacts:
Nicole Yager
Validere
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Matthew Juul
Validere
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DUBLIN--(BUSINESS WIRE)--The "Downstream ME & Africa Monitor" newsletter has been added to ResearchAndMarkets.com's offering.
In a region which has shown both extensive investment and increased instability over the past few years, MEA merits a significant degree of technically minded and industry-focused coverage.
While DMEA details mid- and downstream company activity throughout the Middle East and Africa, it also contains information of tender announcements and awards, allowing customers to be kept aware of what their competitors are up to as well as informing them of new opportunities.
Sample Table of Contents
Countries Covered
For more information about this newsletter visit https://www.researchandmarkets.com/r/66qitg
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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AUSTIN, Texas--(BUSINESS WIRE)--SeekOps Inc., global leader in providing best-in-class sensors and actionable analytics to support both traditional and renewable energy sectors in their decarbonization efforts, today announced the addition of Jennifer Stewart, J.D., to their advisory board.
“It is my pleasure to welcome Jennifer to our advisory board,” said Iain Cooper, President and CEO of SeekOps. “Her extensive background around environmental legislative and regulatory affairs across local, state and federal levels, her current focus on sustainability, in addition to her previous strategic roles in unmanned aerial systems, will greatly aid SeekOps’ long-term growth more broadly into oil and gas, renewable natural gas and landfill operations as we scale our operations globally. Her strong focus on safety, compliance and ethics will reinforce the culture that we have already established here at SeekOps and will ensure a consistency of service offering that is essential for reliable and accurate emissions monitoring reporting on a global stage.”
Jennifer Stewart is currently the Chief Sustainability Officer for Penn America Energy (PAE), a project to develop an LNG export terminal delivering clean Marcellus natural gas to global markets, and Principal Advisor to Equitable Origin, an independent organization that partners with business, communities, and government to support transparent, equitable, and sustainable development of energy and natural resources. She serves as an independent board member of the environmental services company Paragon Integrated Services where she chairs the Sustainability committee and is an advisory board member for Publicis Sapient’s Energy and Commodities Practice. She has also twice been awarded by the Texas Diversity Council the title of “The Most Powerful Woman in Oil and Gas.”
“I am honored and excited to join the team as an advisory board member,” said Jennifer Stewart. “I look forward to working with SeekOps’ leadership as we play an increasingly key role in accelerating the global energy transition with best in class automated, field-proven solutions for solving both sustainability and industrial decarbonization challenges.”
Jennifer joins Harmen Dekker, Director of the European Biogas Association, who joined the SeekOps Advisory board in 2021.
About SeekOps
SeekOps Inc. deploys its industry-leading SeekIR® sensors with enterprise-grade drones to provide field-proven measurement systems for methane Leak Detection and Quantification (LDAQTM), through repeatable, consistent, and cost-effective automated workflows. For more information, please visit www.seekops.com.
Paul Khuri
VP - Business Development
713 962 6146
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DUBLIN--(BUSINESS WIRE)--The "Indonesia Diesel Genset Market Report: By Power Rating, Application - Latest Trends, Competition Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The estimated Indonesian diesel genset market 2021 value was $339.9 million, and it will reach $504.5 million by 2030, at a 4.5% CAGR between 2021 and 2030.
The key reason behind it would be the high frequency of power outages in the country owing to its poor grid infrastructure and high incidence of natural calamities, such as earthquakes, incessant rain and flood, and volcanic eruptions.
For instance, during February-April 2021, certain parts of Indonesia were ravaged by floods and rain, which led to a massive power outage. Moreover, the country faces a critical shortage of coal, with mining firms deliberately not meeting their targets to supply 25% of the output to domestic power plants. Further, the government estimated in May 2021 that across the country, 500,000 households were still without a grid connection.
During the COVID-19 pandemic, diesel genset sales dropped massively in the country because of the closure of major industrial and commercial spaces and challenges in the import of these systems and their components. However, as the lockdowns have now been lifted, economic activity is resurging. Moreover, on January 12, 2022, the country lifted the ban on the arrival of people from overseas, which is a positive sign for its tourism sector.
Key Findings of Indonesia Diesel Genset Market Report
Major Players
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.5 Market Size Breakdown by Segment
1.6 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 by Power Rating
4.1.1.1 5 Kva-75 Kva
4.1.1.2 76 Kva-375 Kva
4.1.1.3 376 Kva-750 Kva
4.1.1.4 Above 750 Kva
4.1.2 by Application
4.1.2.1 Commercial
4.1.2.1.1 Retail Establishments
4.1.2.1.2 Offices
4.1.2.1.3 Telecom Towers
4.1.2.1.4 Hospitals
4.1.2.1.5 Hotels
4.1.2.1.6 Others
4.1.2.2 Industrial
4.1.2.2.1 Manufacturing
4.1.2.2.2 Energy & Power
4.1.2.2.3 Others
4.1.2.3 Residential
Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.1 Trends
5.1.1.1 Rise in Demand for High-Power-Rating Diesel Gensets
5.1.2 Drivers
5.1.2.1 Growth in Industrial and Construction Sectors
5.1.2.2 Power Outages
5.1.2.3 Growth in Telecom Sector
5.1.2.4 Impact Analysis of Drivers on Market Forecast
5.1.3 Restraints
5.1.3.1 Harmful Effects of Diesel Gensets
5.1.3.2 Growing Demand for Generators Based on Alternative Fuels
5.1.3.3 Impact Analysis of Restraints on Market Forecast
5.2 Impact of Covid-19
Chapter 6. Indonesia Market Size and Forecast
6.1 Overview
6.2 Market Volume, by Power Rating
6.3 Market Revenue, by Power Rating
6.4 Market Volume, by Application
6.4.1 Commercial Market Volume, by User
6.4.2 Commercial Market Volume, by Power Rating
6.4.3 Industrial Market Volume, by User
6.4.4 Industrial Market Volume, by Power Rating
6.5 Market Revenue, by Application
6.5.1 Commercial Market Revenue, by User
6.5.2 Commercial Market Revenue, by Power Rating
6.5.3 Industrial Market Revenue, by User
6.5.4 Industrial Market Revenue, by Power Rating
Chapter 7. Competitive Landscape
7.1 Market Share Analysis of Key Players
7.2 Diesel Genset Offerings of Key Players
7.3 Competitive Benchmarking of Key Players
7.4 Recent Strategic Developments of Key Players
7.4.1 Product Launches
7.4.2 Other Developments
Chapter 8. Company Profiles
8.1 Business Overview
8.2 Product and Service Offerings
8.3 Key Financial Summary
For more information about this report visit https://www.researchandmarkets.com/r/shjxc6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Citrix survey reveals majority of employees will continue to work from home until skyrocketing gas prices return to Earth
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--They’ve been given the green light to head back to the office, but employees aren’t in a rush to do so given the rising price of gas. According to the results of a OnePoll survey conducted by Citrix Systems, Inc. (NASDAQ: CTXS), 57 percent of workers across the United States plan to stay parked at home to avoid the high costs of commuting. And close to half of their counterparts around the world say they will do the same.
“It’s a classic cost-benefit analysis,” said Traci Palmer, Vice President of People and Organization Capability, Citrix. “Employees have learned they can engage and be just as productive working from home, and as gas prices continue to increase, they are questioning whether the benefits of being in the office outweigh the time and money associated with commuting.”
Of 5,000 employees polled in eight countries, the majority in most markets indicated they will work from home more often to reduce the costs of commuting:
And a significant number believe their employers should help them offset the costs of traveling to the office when they choose to by either increasing their salaries or providing a fuel allowance:
All of this may change, however, as many of those polled indicated they would work in the office more often during winter months to reduce the costs of heating their homes if prices stay inflated:
The good news is employers that embrace flexible work models and technology and policies to support them can accommodate these changes and keep their people and businesses performing at their best.
“The key to keeping employees engaged and productive lies in creating work-from-anywhere experiences that are seamless, fuel connection and collaboration, and empower people to do their best work, regardless of their location,” Palmer said.
Citrix provides a complete digital workspace platform from which companies can securely deliver the apps and data people need to be as productive as possible—no matter where they work or which devices they use.
More than 400,000 organizations use Citrix solutions to power a better way to work. Click here to learn more about these solutions and the value they can deliver.
About Citrix
Citrix (NASDAQ: CTXS) builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience, and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments.
For Citrix Investors:
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.
© 2022 Citrix Systems, Inc. Citrix, the Citrix logo, and other marks appearing herein are the property of Citrix Systems, Inc. and may be registered with the U.S. Patent and Trademark Office and in other countries. All other marks are the property of their respective owners.
Media Contact:
Karen Master
Citrix
+1 216-396-4683
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DUBLIN--(BUSINESS WIRE)--The "Oil Filter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global oil filter market reached a value of US$ 3.2 billion in 2021. Looking forward, the market is projected to reach US$ 4.4 billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Oil filter is a device designed for eliminating impurities and foreign particles from automobile oils. It removes dirt and sludge, which further helps in keeping the oil safe and unadulterated, protecting the engine from premature wearing, enabling it to function efficiently, reducing emissions and decreasing the overall consumption of fuel. Its utilization assists in preventing contaminants from damaging the engine as oil left unfiltered can become saturated. Besides this, it is easy to replace and leaves no residue and helps in cooling the oil and monitoring the pressure.
The increasing sales of oil filters are predominantly dependent on the growing environmental concerns among individuals as well as governing agencies of several countries due to considerable emissions of greenhouse gases (GHGs). In line with this, the rising need for vehicle safety and enhancing the overall performance of the engine is strengthening the growth of the market.
Apart from this, the burgeoning automotive industry, in confluence with the increasing production of commercial vehicles on account of the surging construction activities, is catalyzing the demand for oil filters around the world. Moreover, leading manufacturers are significantly funding research and development activities (R&D) to introduce clean fuel levels in oil filters.
Besides this, vehicle owners worldwide are focusing on preventive maintenance to increase the productivity and longevity of vehicles. This, in turn, is impelling the growth of the market. Furthermore, the growing average age of vehicles in operation due to continual improvement in the quality of vehicles and associated functionalities is envisaged to offer lucrative growth opportunities to market players.
Key Questions Answered in This Report
1. What was the size of the global oil filter market in 2021?
2. What is the expected growth rate of the global oil filter market during 2022-2027?
3. What are the key factors driving the global oil filter market?
4. What has been the impact of COVID-19 on the global oil filter market?
5. What is the breakup of the global oil filter market based on the End-use?
6. What is the breakup of the global oil filter market based on the fuel type?
7. What are the key regions in the global oil filter market?
8. Who are the key players/companies in the global oil filter market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Oil Filter Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by End-Use
5.5 Market Breakup by Fuel Type
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
6 Market Breakup by End-Use
7 Market Breakup by Fuel Type
8 Market Breakup by Region
9 Imports and Exports
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 Oil Filter Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/w8f4f1
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For GMT Office Hours Call +353-1-416-8900
Construction underway since March 2022 for the first 100 MWh EVx system to support grid resiliency and delivery of renewable energy to the Chinese national grid
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & HOUSTON & BEIJING--(BUSINESS WIRE)--$NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable, grid-scale energy storage solutions, today announced the groundbreaking for the first EVx™ deployment in China.
The 100 MWh gravity-based EVx system is being built adjacent to a wind farm and national grid site in Rudong, Jiangsu Province located outside of Shanghai to augment and balance China’s national energy grid through the delivery of renewable energy to the State Grid Corporation of China (SGCC). SGCC is the world’s largest utility and provides power to more than 1.1 billion Chinese citizens in 26 provinces, autonomous regions and municipalities, covering 88% of Chinese national territory.
Commencement of EVx construction follows the previously announced License and Royalty agreement for renewable energy storage in partnership with Houston-based Atlas Renewable LLC (“Atlas Renewable”) and its majority investor China Tianying Inc. (CNTY) (CN: 000035), an international environmental management and waste remediation corporation engaged in smart urban environmental services, resource recycling and recovery, and zero-carbon clean energy technologies.
The project is the first utility scale gravity-based storage deployment between a U.S. and Chinese company and was approved by the local city government and provincial government with support from the central government agencies within the People's Republic of China. The EVx deployment was granted unprecedented fast-tracked preliminary approval at a March 12th conference of cross-governmental agencies, including National Development and Reform Commission, Ministry of Ecology & Environment, Ministry of Industry Information and Technology, National Energy Bureau, Chinese Academy of Sciences, Chinese Academy of Engineering, National Power Grid and National Electric Power Planning Institute, as well as some of China’s leading scientists, academicians, and engineers, to accelerate and advance its State mandated environmental policy commonly referred to as “30-60”. That policy has a stated goal of Carbon Peak in 2030 and Carbon Neutrality in 2060.
On April 26th, the Energy Investment Professional Committee of the Investment Association of China, Three Gorges Construction Group, China Construction New Energy Shanghai (7th Unit), China Tianying and Atlas Renewable held an online seminar to discuss the deployment of gravity energy storage technology in China. The parties conducted in-depth exchanges and communication on gravity energy storage technology and the deployment of Energy Vault’s EVx system in Rudong, Jiangsu Province. Representatives of all parties expressed their ardent support for the project and full confidence in the future of gravity energy storage technology in China. Both Three Gorges Construction Engineering Group and China Construction New Energy Shanghai (7th Unit), two major tier-one global energy and construction companies, vowed to participate in the in-depth cooperation with Atlas Renewable and China Tianying on Energy Vault’s gravity energy storage projects and promote the implementation of the project in China.
Energy Vault and Atlas Renewable signed a $50 million licensing agreement for the use of Energy Vault’s proprietary gravity-based energy storage technology and its technology agnostic energy management and asset optimization software suite in the Chinese power market. The agreement also includes terms governing volume-based deployment royalties and covers maintenance, monitoring and the beneficial re-use of waste materials within Energy Vault’s composite blocks. The payment of the $50 million licensing fee is scheduled to be completed in 2022.
Energy Vault’s partnership with Atlas Renewable and China Tianying, and the deployment of EVx, are directly aligned with the U.S.-China Joint Glasgow Declaration on Enhancing Climate Action in the 2020s, published at COP26 in November 2021. The Declaration states that the U.S. and China intend to expand their combined efforts to accelerate the transition to a global net zero economy through cooperation on policies to encourage decarbonization and electrification of end-use sectors; key areas related to the circular economy, such as green design and renewable resource utilization; transmission policies that encourage efficient balancing of electricity supply and demand across broad geographies; and distributed generation policies that encourage integration of solar, storage, and other clean power solutions closer to electricity users; among other initiatives.
“Our first commercial EVx™ deployment in China is a significant milestone for Energy Vault and for the People’s Republic of China as it pursues its decarbonization goals,” said Robert Piconi, Chairman, Co-Founder and CEO, Energy Vault. “China is rapidly expanding its use of renewable energy coupled with annual energy storage mandates in order to meet its decarbonization goals. We are very pleased that EVx and our Energy Management Software Platform have already received local regulatory endorsement and is being deployed now as a critical enabling technology to support China’s energy transition and carbon neutrality goals. In 2021, China produced more metric tons of greenhouse gasses than the next four largest countries combined, and as currently planned, will continue to increase emissions until 2030. We must move swiftly to reverse this trend, and together with local partners China Tianying and Atlas Renewable, we will do just that.”
Eric Fang, Chief Executive Officer, Atlas Renewable, stated: “The world’s first deployment of Energy Vault’s transformative EVx™ technology is taking place in China and it represents U.S. and Chinese collaboration in its best form. The world’s two largest economies have joined forces to meaningfully address climate change with breakthrough, innovative technology that will play a critical role in enabling China’s clean energy transition and 30-60 policy. This project clearly demonstrates the seriousness with which China takes its COP26 commitments and will serve as a model for global decarbonization.”
CNTY Chairman Yan further stated: “The achievement of the Rudong project, will be historically noteworthy, as a path forward, enabled by both Chinese and American private business working together cooperatively and effectively, for a common climate goal: non carbon based energy storage that fully completes the energy production and use cycle of renewable electric power generated from non-carbon sources.”
Energy Vault’s gravity-based solutions are based on the well-understood physics and mechanical engineering fundamentals of pumped hydroelectric energy storage, but replace water with custom-made composite blocks that can be made from low-cost and locally sourced materials, including local soil, mine tailings, coal combustion residuals (coal ash), and end-of-life decommissioned wind turbine blades.
Energy Vault’s EVx systems are designed to help utilities, independent power producers and large industrial energy users significantly reduce their levelized cost of energy while maintaining power reliability. The circular economic design of EVx minimizes environmental and supply chain risks while increasing local jobs in the communities in which the systems are built, providing according to our current expectations from 50% to 75% of the storage investment back to local economies in the form of construction contracts to build the EVx structures and to fabricate the composite bricks locally on site, as well as ongoing maintenance contracts during operation of the systems over time. The systems are automated leveraging Energy Vault’s proprietary advanced computer control and machine vision software that orchestrate the charging and discharging cycles while meeting a broad set of storage durations starting from 2 hours and continuing to 12 hours, or more.
About Energy Vault
Energy Vault develops and deploys turnkey sustainable energy storage solutions designed to transform the world’s approach to utility-scale energy storage in realizing decarbonization while maintaining grid resiliency. The company’s proprietary energy management system and optimization software suite is technology agnostic in its ability to orchestrate various generation and energy storage resources to help utilities, independent power producers and large industrial energy users to significantly reduce their levelized cost of energy while maintaining power quality and grid reliability. Energy Vault’s EVx™ gravity energy storage system utilizes eco-friendly materials with the ability to integrate waste materials for beneficial re-use. Energy Vault is facilitating the shift to a circular economy while accelerating the clean energy transition for its customers. For additional information, please visit: www.energyvault.com
About China (CNTY) Tianying Inc., Nantong City, Jiangsu Province
China Tianying Inc. (CNTY) is the largest environmental services firm in China. A listed international company, CNTY is engaged in smart urban environmental services, resource recycling and recovery, and zero-carbon clean energy technologies (stock code: 000035). The company’s business expands from smart urban environmental services, waste-to-energy (WtE) power generation, renewable energy power generation, regional energy centers, hydrogen energy centers, and investment, construction, and operation of circular economy industrial parks, to reduction, recycling, and harmless treatment of catering waste, hazardous waste, construction and demolition waste. CNTY also researches, develops, and manufactures environmental protection equipment and energy storage systems. CNTY has established a whole-industry-chain business coverage from cleaning services, to waste collection, transfer, and end treatment.
Driven by innovation and backed by top-notch equipment manufacturing and R&D capabilities, CNTY strives to lead renewable energy upgrades and business model transformation through informatization, automatization, and industrialization solutions. These solutions include plasma technology, automated sorting systems, intelligent integrated urban service cloud platforms, zero-carbon energy network centers, and smart IoT centers, contributing to the realization of China’s carbon peak and neutrality goals.
About Atlas Renewable LLC, Houston, Texas
Atlas Renewable LLC is structured as an integral part of the project development and execution process led by CNTY in China. Atlas Renewable LLC serves as an American facilitation bridge between Chinese institutions, investors and regulatory entities and Energy Vault to identify projects, help pre-qualify and oversee financing efforts through the available mechanisms supported by Chinese Local, Provincial and National policies. Atlas Renewable LLC can evaluate situations quickly for Energy Vault, help to solve problems and give context to the new world of getting things done in China efficiently and effectively. Atlas Renewable LLC principals each have decades of experience and relationships in China with people at all levels.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our future expansion, deployments and capabilities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: expectations and timing related to the deployment of the EVx system announced in this press release, the availability of low-cost and locally sourced materials to produce “mobile masses,” developments and changes in the general market, the continuing impact of COVID-19, political, economic, and business conditions; our limited operating history as a public company; and our ability to retain qualified personnel. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on February 14, 2022, as amended on March 31, 2022, which is available on our website at investors.energyvault.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
Investors
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB):
May 2022 Cash Dividend - $0.06 per share
Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of May 2022 of $0.06 per share payable on June 15, 2022. The record date is May 31, 2022, and the ex-dividend date will be May 30, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
Upcoming Release of 2022 First Quarter Results and Conference Call
Superior expects to release its 2022 first quarter results on Tuesday, May 10, 2022, at 4:00 PM EDT. A conference call and webcast to discuss the 2022 first quarter results is scheduled for 10:30 AM EDT on Wednesday, May 11, 2022. To participate in the call, dial: 1-844-389-8661. Internet users can listen to the call live or as an archived call on Superior's website at: www.superiorplus.com under the Events section.
Superior Plus Virtual-Only 2022 Annual Meeting of Shareholders
Superior will hold its Annual Meeting of Shareholders (“AGM”) on Tuesday, May 10, 2022, at 4:00 PM EDT. The AGM will be held as a virtual-only meeting, conducted via a live video webcast at https://meetnow.global/MHFJQMZ. Participants are recommended to register for the virtual webcast at least 10 minutes before the AGM starts. For further information on Superior’s virtual AGM, please visit superiorplus.com.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to future dividends, which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll-Free: 1-866-490-PLUS (7587)
Company to Report Q1 2022 Results on May 12, 2022
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the first quarter ended March 31, 2022 on Thursday, May 12, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results.
To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time.
A replay of the call can also be accessed via phone through May 26, 2022, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 3273042.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to realize the benefits from the business combination; the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2022, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Naiem Hussain
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Chris Kaskavelis
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) is pleased to announce that Superior Propane and Charbone Hydrogen Corporation (“Charbone”) (TSXV:CH) have entered into a supply and logistics agreement to provide green hydrogen to commercial and industrial customers located initially in Quebec, Canada (the “Agreement”). Pursuant to the Agreement, Superior and Charbone will leverage their collective expertise in mobile energy distribution and green hydrogen production to bring green hydrogen to the Quebec market, providing a convenient green energy option for businesses looking to reduce their carbon emissions and advance sustainability goals.
Under the terms of the Agreement, Charbone will provide Superior with green hydrogen from its Sorel-Tracy, Quebec facility with initial deliveries expected as early as the third quarter of 2022. Superior’s industry leading energy distribution business in Canada, Superior Propane, will be responsible for delivering hydrogen directly from Charbone’s facility to Superior’s existing and new customers. These customers include mining, power generation, transportation and industrial energy users.
“We are excited to finalize the Agreement and begin working with Charbone to offer green hydrogen to customers in Quebec, Canada,” said Luc Desjardins, Superior’s President and CEO. “Our logistics network and best-in-class mobile energy distribution platform will enable Charbone to safely distribute green hydrogen and expand its hydrogen supply business. This Agreement and our relationship with Charbone aligns with our larger strategy to offer alternative energy products, including green and low carbon energy alternatives, to our customers by leveraging our existing energy distribution business”.
“This exclusive partnership with Superior is a highly important milestone for Charbone and sends a positive market signal, that our modular and scalable regional hub concept works in the new hydrogen market sector” said Dave B. Gagnon, Chairman and CEO of Charbone. “The Agreement will allow both parties to produce, develop, sell and distribute green hydrogen throughout an extensive network in North America and will offer Canadian industries and others, a new clean energy solution alternative to start the energy transition now”.
About Superior
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 890,000 customer locations in the U.S. and Canada.
About Charbone
Charbone is a Canadian green hydrogen group established in North America. The company’s strategy consists in developing modular and expandable hydrogen facilities. Through the acquisition of hydropower plants in the United States and Canada, Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy to distinguish itself as a provider of an environmentally friendly solution for industrial and commercial enterprises.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to the expected commercialization and supply and logistics business opportunities related to green hydrogen, and the expected completion of the Sorel-Tracy production facility and the expected timing of such events. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; that the Sorel-Tracy, Quebec facility will be constructed and operational in the anticipated time frame. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015,
or
Rob Dorran, Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587).
Initiative enables enhanced energy data integration and processing for more efficient management of the power grid
CAMBRIDGE, Mass.--(BUSINESS WIRE)--InterSystems, a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability, and speed problems, today announced its collaboration with the Agile Fractal Grid (AFG) to develop a scalable configuration data management solution that enables the digitization, decentralization, and decarbonization of power systems.
AFG selected InterSystems IRIS Data Platform™, a hybrid cloud data platform, to create a single source of truth for its power grid initiative. InterSystems IRIS provides a robust, scalable data management solution that ingests and analyzes streaming data from thousands of devices requiring milli-second decision and response. This “next generation” of real-time data processing and machine learning will enable AFG’s platform expansion for its Secure Supply Chain, Smart Manufacturing, Smart Grid, and Smart Transportation initiatives, as well as amplifying support for its comprehensive cybersecurity, edge computing, resilient electrical power, Fractal Twins, and energy services.
“The benefits of renewable energy are significant for both end users and the environment,” said John Reynolds, CEO of AFG. “We knew that to make an immediate and significant impact in how energy is delivered, we needed to work with a company that understood the importance of speed and scalability in managing energy data. InterSystems will be integral to our team’s transformation of the renewable energy and data infrastructure landscape, as it is the only partner capable of meeting the data processing and integration requirements for this initiative.”
InterSystems and AFG are addressing the industry's need for truly predictive solutions to enable the essential retooling of the electric grid. By incorporating real-time energy data processing and machine learning, InterSystems and AFG are paving the way for a next-generation data distribution network. Some of the new platform’s features include:
“As many business leaders, facility owners and municipality leaders continue to evaluate their renewable energy goals, the need to efficiently and securely manage energy sources and data will become paramount,” said Scott Gnau, Head of Data Platforms at InterSystems. “InterSystems IRIS plays a critical role in the development of AFG’s full suite of services, enabling energy security through the power of data to help organizations of all sizes and sectors meet their renewable energy goals.”
Founded eight years ago to architect the infrastructure needed to support its renewable energy platform, AFG and its consortium of over thirty organizations within the power, networking technology, and consulting sectors are moving away from centralized control of the power grid to provide a connected digital marketplace for operations, analytics, and financial applications for individual use.
For more information on the InterSystems IRIS data platform, please visit intersystems.com/IRIS.
About InterSystems
Established in 1978, InterSystems provides innovative data solutions for organizations with critical information needs in the healthcare, finance, and logistics sectors and beyond. Our cloud-first data platforms solve interoperability, speed, and scalability problems for organizations around the globe. InterSystems also develops and supports data management in hospitals through the world’s most proven electronic medical record, as well as unified care records for health systems and governments through a powerful suite of healthcare data integration solutions. The company is committed to excellence through its award-winning, 24x7 support for customers and partners in more than 80 countries. Privately held and headquartered in Cambridge, Massachusetts, InterSystems has 25 offices worldwide. For more information, please visit InterSystems.com.
About Agile Fractal Grid
The Agile Fractal Grid, Inc. (AFG) has created a platform to help cities, rural communities, campuses, and military bases achieve energy security and meet renewable energy goals while also providing gigabit broadband access. Together with its accompanying economic development ecosystem, AFG can help deploy clusters of microgrids into a system of systems to behave like a distributed utility, with the ability to participate in grid resiliency services and energy markets at scale.
InterSystems PR Contact:
Jackie D’Andrea
Inkhouse PR
781.820.5476
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(The Assessment covers New York, New England, and Eastern Canada)
NEW YORK--(BUSINESS WIRE)--Northeast Power Coordinating Council, Inc.’s (NPCC’s) annual reliability assessment forecasts the NPCC Region will have an adequate supply of electricity this summer. The overall NPCC coincident electricity summer peak demand is forecasted to be around 104,600 megawatts (MW), which is slightly higher than last summer. An installed supply capacity of about 160,000 MW is projected to be in place to meet electricity demand.
Forecasts also indicate sufficient transmission capability and adequate capacity margins to meet peak demand and required operating reserves. NPCC’s spare operable capacity (over and above reserve requirements) this summer is estimated to range from 8,000 MW to over 15,000 MW.
“Our assessment estimates that the NPCC Region’s spare operable capacity – that is the amount of electricity supply exceeding demand and required reserves – will be quite sizable. Simply put, that means that the region has extra insurance against unforeseen events and demands on the grid,” said Charles Dickerson, President and CEO of NPCC. “Against the stress tests of our assessment, the region has a reliable bulk supply and transmission capability of electricity throughout the summer months.”
For the six New England states, the state of New York and the province of Ontario, an adequate supply of electricity is forecast for this summer. Moreover, the winter peaking province of Québec and Canadian Maritime Provinces are expected to meet forecasted electricity demand by a wide margin, enabling those areas to transfer surplus electricity supplies to other areas of the region if needed.
The assessment considered a wide range of conditions including forecast demand uncertainty; unexpected generator plant outages; transmission constraints between Regions and within NPCC; implementation of operating procedures; estimated impact of demand response programs; and additional capacity unavailability coupled with reduced transfer capabilities.
“It appears that the gradual lifting of pandemic restrictions will lead to a small increase in the Region’s overall summer electricity peak demand for the first time in several years,” added Phil Fedora, NPCC’s Vice President and Chief Engineer. “However, ambient weather remains the single most important variable impacting demand forecasts during the summer.”
Throughout the summer, NPCC will continue to monitor the operating conditions on the bulk power system. As part of these efforts, NPCC conducts daily and week-ahead calls between NPCC system operators and neighboring regions to communicate current operating conditions and facilitate the procurement of assistance under emergency conditions. In addition, NPCC supports industry-wide reliability and security coordination efforts to promote communications, awareness, and information sharing.
About NPCC
Northeast Power Coordinating Council, Inc. is one of six Regional Entities located throughout the United States, Canada, and portions of Mexico that, in concert with the North American Electric Reliability Corporation, seeks to assure a highly reliable, resilient, and secure North American bulk power system through the effective and efficient identification, reduction, and mitigation of reliability risks. NPCC’s geographic area includes the six New England states, the State of New York, the provinces of Ontario, Québec, and the Canadian Maritime Provinces of New Brunswick and Nova Scotia. Overall, NPCC covers an area of nearly 1.2 million square miles, populated by approximately 56 million people.
NPCC carries out its mission through: (i) the development of regional reliability standards and compliance assessment and enforcement of continent-wide and Regional Reliability standards; (ii) coordination of system planning, design and operations, and assessment of reliability; and, (iii) the establishment of Regionally-specific criteria and monitoring and enforcement of compliance with such criteria.
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An overview of the NPCC Summer 2022 Reliability Assessment is available at: https://www.npcc.org/news.
Stephen Allen
(617) 640-6522
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
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