OMAHA, Neb.--(BUSINESS WIRE)--Valmont Industries, Inc., a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced it received a 2022 Better Project Award from the U.S. Department of Energy’s (DOE) Better Plants Program. As part of the DOE's Better Buildings Initiative, Better Plants works with leading manufacturers and water and wastewater treatment agencies to boost their competitiveness through improvements in energy efficiency, GHG emissions reduction, water efficiency, and waste reduction.
The annual Better Project Awards recognize partners for outstanding accomplishments in implementing industrial energy, water, and waste projects at individual facilities. Valmont was recognized for its Alternative Energy-Mobile Source project, which successfully replaced 100 fossil fuel-powered vehicles with electric equivalents at Valmont’s Valley, NE campus. The program was estimated to reduce the site’s carbon dioxide emissions by 131 metric tons each year.
“It is a great honor to be selected as a 2022 Better Project Award winner by the U.S. Department of Energy’s Better Plants program for our Alternative Energy-Mobile Source project,” said Cliff Fleener, corporate director, Environmental Responsibility. “Implemented at our largest campus in Valley, NE, the project provided immense fuel, carbon, and maintenance savings and is helping us achieve our enterprise-wide goal to reduce the carbon intensity of our operations. We plan to use this project as a model for future sustainability initiatives across our 85 manufacturing sites around the world.”
Valmont and other 2022 Better Project Award winners were formally recognized at the 2022 Better Buildings, Better Plants Summit on May 18, 2022.
As part of the broader Better Buildings Initiative, Better Plants partners voluntarily set long-term goals to reduce energy intensity and DOE supports these efforts with technical expertise and national recognition. Guided by Valmont’s overall Environmental, Social, and Governance (ESG) goals for 2025, the company is aiming for a 10% reduction in carbon emissions per million in revenue guided by a science-based carbon goal benchmark and a 12% additional reduction in normalized electricity usage.
“Conserving resources and improving life has always been at the core of our company,” continued Cliff. “Valmont has helped customers and communities do more with less for over 75 years, we are committed to prioritizing sustainable practices across our operations for years to come.”
To learn more about Valmont’s environmental goals and sustainability initiatives, visit valmont.com/sustainability.
Read more about Better Plants partner results, showcase projects, and innovative solutions being shared with others in the 2021 Better Plants Progress update.
About Valmont Industries, Inc.
For over 75 years, Valmont® has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we’re Conserving Resources. Improving Life.® at valmont.com.
Bridget Slavin
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Certification Validates Encina’s Circular Monomers Produced from Post-Consumer and Scrap Plastic
THE WOODLANDS, Texas--(BUSINESS WIRE)--#advancedrecycling--Encina Development Group (“Encina” or the “Company”), a producer of circular chemicals, announced today that it achieved the International Sustainability and Carbon Certification (ISCC) PLUS designation for its circular monomers converted from post-consumer and scrap plastic.
ISCC is a leading, internationally recognized third-party certification system. By achieving the voluntary designation, companies and their customers know that the sustainability characteristics that are being claimed, such as percentage of recycled content, have been credibly validated. It applies to the entire supply chain and many kinds of bio-based feedstocks and renewables, and relies on a framework with verifiable bookkeeping and predefined transparency requirements.
Encina uses a proprietary advanced recycling technology which, unlike traditional mechanical recycling, works at the molecular level. The polymer chains are split apart and converted back into their original chemical building blocks, which can then be reused to make new products.
“Achieving ISCC PLUS certification is a critical milestone and validator of our work to catalyze the move from linear to circular manufacturing systems, with the long-term vision of getting to a world where nothing is wasted,” said Sheida Sahandy, Chief Sustainability Officer for the Company. “It allows Encina to provide our global customers with certified products to meet their sustainability goals. Our customers are manufacturers who can drop these products seamlessly into their existing manufacturing processes to produce products with recycled content. This allows them to be responsive to growing consumer expectations of sustainability and transparency when it comes to their purchases.”
Encina’s projects include planned facilities in the United States, as well as projects in Asia and South America. Each facility is expected to process approximately 450,000 tons of post-consumer and scrap plastic material each year.
About Encina Development Group
Encina Development Group produces circular chemicals. Encina’s products provide the basic building blocks for customers to meet their renewable content goals and enable the cyclical production and reproduction of products across a broad spectrum of ubiquitous goods, including consumer products and packaging, pharmaceuticals, construction, and much more. For more information, please visit: www.encina.com.
Aileen Fan
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MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 48.75 cents per share. The dividends are payable July 20, 2022, to shareholders of record on June 15, 2022.
Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
This information is not given in connection with any sale or offer for sale or offer to buy any securities.
Statements in this press release regarding Xcel Energy’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
Xcel Energy, Minneapolis
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CLEVELAND--(BUSINESS WIRE)--Power management company Eaton (NYSE:ETN) today announced that it has been named one of the 100 Best Corporate Citizens for the 15th consecutive year by 3BL Media. The ranking recognizes outstanding environmental, social and governance (ESG) performance among the largest companies on the Russell 1000 Index.
“We’re pleased to be recognized for the work we’ve done to deliver on our mission of improving the quality of life and the environment,” said Harold Jones, chief sustainability officer and executive vice president, Eaton Business System, Eaton. “Our inclusion on this list speaks volumes to the progress we’ve made in achieving our ESG objectives and we’re honored to be among the companies leading the way.”
The 100 Best Corporate Citizens ranking is based on 155 ESG factors in eight pillars: climate change, employee relations, environment, finance, governance, human rights, stakeholders and society, and ESG performance.
As part of Eaton’s ongoing focus on ESG transparency and reporting, in addition to its annual Sustainability Report, last year, the company also released its first standalone Task Force on Climate-related Financial Disclosures (TCFD) Report and its first Global Inclusion and Diversity Transparency Report.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Margaret Hagan, +1 (440) 523-4343
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 18, 2022-- ITT Inc. (NYSE: ITT) today announced that its Board of Directors has declared a regular quarterly dividend payment of $0.264 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on July 5, 2022 to shareholders of record of such common stock as of the close of business on June 17, 2022.
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, NY., with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced the next phase of Sustainable Legacies, its industry-leading ESG strategy that was launched one year ago to advance sustainability initiatives that deliver positive impact both at AECOM and in communities around the world. This strategy integrates four key pillars that will embed sustainable development and resilience across the Company’s work, improve social outcomes for communities, achieve net-zero carbon emissions and enhance its governance. Included in the Company’s updated strategy are more ambitious net zero targets that are among the first in the world to be approved by the Science Based Targets initiative.
“As a purpose-driven organization, I am proud of our teams’ progress to lead the industry as an ESG firm and how we continue to challenge ourselves with even more ambitious initiatives and targets included in our Sustainable Legacies strategy,” said Troy Rudd, AECOM’s chief executive officer. “Alongside our Board of Directors and Executive Leadership Team, the advancements we have made in just a short time inspire all of us to strive for more through our commitment to making a positive impact on the communities we serve.”
“The passion our nearly 50,000 professionals bring to their work every day to deliver a better world is no better reflected than in our Sustainable Legacies strategy,” said Lara Poloni, AECOM’s president. “Following the meaningful accomplishments we have made over the past year, including the approval of our net zero targets by the Science Based Targets initiative, we are excited to continue the next phase of our ESG strategy, especially as we partner with our clients on their own increasingly complex, multi-decade sustainability initiatives.”
Significant Progress at the One Year Anniversary
Following the one-year anniversary of the launch of its Sustainable Legacies strategy, AECOM has celebrated numerous accomplishments that reflect strong progress to-date on its ESG initiatives, including:
Key Pillars of AECOM’s Sustainable Legacies Strategy
Reflecting the above accomplishments and more ambitious strategy, AECOM has launched today a refreshed website that provides more information on how AECOM is delivering Sustainable Legacies. Please visit aecom.com/sustainable-legacies for more.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital’s real estate development; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure, power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”), a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide, today announced the publication of the Company’s 2021 Sustainability Report.
This report is Tidewater’s second annual comprehensive and stand-alone sustainability report. The report presents the environmental, social, and governance (ESG) performance of Tidewater, along with its management approach to material sustainability topics, for the 2021 calendar year. The report can be downloaded from the Company website at www.tdw.com/sustainability/sustainability-report/.
About Tidewater
Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.
Forward-Looking Statements
In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that certain statements set forth in this press release contain certain forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. Investors should carefully consider the risk factors described in detail in the Company’s most recent Form 10-K, most recent Form 10-Q, and in similar sections of other filings made by the Company with the SEC from time to time. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports filed by the Company with the SEC.
Tidewater Inc.
West Gotcher
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LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (“SAM” or the “Company”), a company working to accelerate the adoption of green aviation, and Tuscan Holdings Corp. II (Nasdaq: THCA) (“THCA”), a publicly listed special purpose acquisition company (“SPAC”), jointly announced today that they have entered into a definitive business combination agreement resulting, subject to the satisfaction or waiver of certain closing conditions, in Surf Air Mobility becoming a publicly listed company.
The acquisition of Southern, also announced today, and the completion of the business combination with THCA (together, the “Transactions”) positions SAM to be a leader in the electrification of commercial aviation, providing it with resources necessary to bring electrified powertrain technology to market and expanding and electrifying regional consumer scheduled and charter flight services. Following completion of the Transactions, and the successful deployment of SAM’s proprietary powertrain technology, SAM plans to deploy the world’s largest fleet of hybrid electric aircraft on regional routes being serviced today and on additional routes in new markets. SAM intends for its hybrid electric propulsion to reduce operating costs and reduce emissions from regional air travel by offering original equipment manufacturers (“OEMs”) and third-party operators the ability to upgrade existing aircraft to hybrid electric powertrains.
“We believe deploying hybrid electric propulsion technology on existing aircraft at scale will be the most significant step we can take toward decarbonization of aviation in this decade,” said Sudhin Shahani, Co-founder and CEO of Surf Air Mobility. “We’re at a moment when the increasing consumer demand for faster, affordable, and cleaner regional travel will be met with SAM’s electrification ecosystem to accelerate the industry’s adoption of green flying.”
SAM’s agreements with AeroTEC and magniX will help the Company accelerate the introduction of its proprietary electrification technology. magniX has successfully flown the world’s largest fully-electric aircraft to date, a prototype Cessna Grand Caravan 208B, which it calls the eCaravan. SAM is designing its initial hybrid electric Cessna Grand Caravans to have the same flight range capabilities as their fully combustion counterparts, which will allow the Company to utilize the hybrid electric Cessna Grand Caravan aircraft across its own existing network, connecting more airports with direct flights and building a regional mass transport platform to sustainably connect communities across the U.S. SAM also intends to make hybrid electric powertrain upgrades available to fleet owners on and off its consumer platform, as well as license its technology to OEMs for new aircraft types.
SAM’s proprietary electrified propulsion technology, once developed, would target carbon emission reductions of up to 50% on its first-generation Cessna Grand Caravans, helping to reduce the 915 million metric tons of carbon dioxide emitted by the aviation industry globally per year. By targeting direct operating cost reductions of up to 25% on its first-generation Cessna Grand Caravans, lower cost point-to-point flight networks can connect previously economically untenable markets with non-stop and direct, regularly scheduled flights. SAM’s initial hybrid electric aircraft will not require charging stations, new takeoff and landing infrastructure, or changes to zoning, allowing the aircraft to operate anywhere in the U.S., unlocking more air travel potential for over 5,000 underserved public airports.
"Surf Air Mobility’s practical approach to scaling the decarbonization of aviation is built on a base of tangible revenue, industry-leading electrification technology, and significant growth prospects for the future,” stated Stephen A. Vogel, Tuscan Holdings. “Surf Air Mobility’s management team is first class, and with their leadership we have confidence this transaction will enable the Company to reach its true growth potential.”
SAM’s planned acquisition of Southern Airways Corporation (“Southern”), subject to satisfaction or waiver of the remaining closing conditions set forth in the Southern Agreement, including the completion of all required regulatory reviews and approvals, is expected to expand the companies’ collective regional airline network to U.S. cities across the Mid-Atlantic, Gulf South, Rocky Mountains, West Coast, New England, and Hawaii, where Southern currently operates. Southern Airways Express operates the largest passenger fleet of Cessna Grand Caravans in the U.S. SAM intends to electrify Southern’s existing fleet utilizing the Company’s proprietary electrified propulsion technology.
“Surf Air Mobility is positioned to bring benefits to consumers quickly while creating opportunities for the entire aviation industry. Our hybrid electric propulsion technologies will be the building blocks upon which reduced operating cost and green aviation can be realized,” stated Surf Air Mobility’s Chairman, Carl Albert. “We’re thrilled to be merging with THCA as they share our ambition of advancing the future of flight for the good of people and the planet.”
Transaction Overview
The proposed transaction reflects an implied pro forma equity value of $1.42 billion, assuming full payment of earnout. The transaction is expected to provide up to $467 million in gross cash proceeds to SAM, including committed capital from strategic and financial investors including iHeartMedia, and Partners For Growth, and an equity line from Global Emerging Markets (GEM), as well as from THCA’s cash in trust (assuming no exercise of THCA stockholder redemption rights).
The Boards of Directors of both SAM and THCA have unanimously approved the proposed business combination, which is expected to be completed in the second half of 2022, subject to, among other things, the approval by THCA’s stockholders, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions, including a registration statement being declared effective by the U.S. Securities and Exchange Commission (the “SEC”), the receipt of certain regulatory approvals, and the receipt of required approvals to publicly list the securities of the combined company.
The mergers are also conditioned on the closing of the acquisition of Southern. Although SAM and Southern are party to the Southern Agreement, there can be no assurance that the closing conditions set forth in the Southern Agreement will be satisfied and the acquisition will be completed.
Additional information about the proposed transaction, including a copy of the definitive agreement, investor presentation and transcript of management commentary, will be provided on a Current Report on Form 8-K to be filed by Tuscan Holdings Corp. II, which will be available on the SEC’s website at www.sec.gov.
About Surf Air Mobility
Surf Air Mobility (SAM) is a Los Angeles-based electric aviation and air travel company reinventing flying through the power of electrification. The company intends to bring electrified aircraft to market at scale in order to substantially reduce the cost and environmental impact of flying. The management team has deep experience and expertise across aviation, electrification, and consumer technology. SAM has a number of notable advisors including Arianna Huffington (founder Huffington Post), Fred Reid (former Virgin America CEO, President Delta and Lufthansa), Jonathan Mildenhall (founder 21st Century Brands, former Airbnb CMO), Dr. David Agus (founder/CEO Ellison Institute), and Matthew Anderson (former Roku CMO). Surf Air Mobility is the parent company of Surf Air Inc. For more information, visit: https://surfair.com.
About Tuscan Holdings Corp. II
Tuscan Holdings Corp. II is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more differentiated businesses.
Caution Concerning Forward-Looking Statements
Certain statements herein are “forward-looking statements” made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. In some cases, you can identify forward-looking statements through the use of words or phrases such as “may”, “should”, “could”, “predict”, “potential”, “believe”, “will likely result”, “expect”, “continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”, “plan”, “projection”, “would” and “outlook”, or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature, but the absence of such words does not mean that a statement is not forward-looking. These forward-looking statements are not historical facts and are based upon estimates and assumptions that, while considered reasonable by SAM and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement with Southern, thereby impeding SAM’s ability to become a leading air mobility platform with scheduled routes and on-demand charter flights operated by Southern and other third-party operators; the Company’s ability to upgrade Southern’s current fleet of nearly 40 Cessna Grand Caravans to hybrid electric aircraft using technology; the ability of the Company’s first generation of electrified aircraft to meaningfully decarbonize aviation and help alleviate the environmental impact of flying by reducing carbon emissions by as much as 50 percent; the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement with respect to the business combination with THCA (the “Business Combination”); the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements with AeroTEC and magniX to accelerate development of electrified commercial aircraft or the inability of SAM to realize the anticipated benefits of the these agreements; the ability of SAM, along with AeroTEC and magniX, to develop and certify hybrid and fully-electric powertrains for new and existing Cessna Grand Caravan aircraft; the outcome of any legal proceedings that may be instituted against SAM; the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; the inability to complete the Business Combination due to the failure to obtain approval of the stockholders of SAM, to obtain financing to complete the Business Combination or to satisfy other conditions to closing; changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; the ability to meet stock exchange listing standards following the consummation of the Business Combination; the risk that the Business Combination disrupts current plans and operations of SAM as a result of the announcement and consummation of the Business Combination; the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; costs related to the Business Combination; changes in applicable laws or regulations; the possibility that SAM or the combined company may be adversely affected by other economic, business, regulatory, and/or competitive factors; SAM’s estimates of expenses and profitability; the evolution of the markets in which SAM competes; the ability of SAM to implement its strategic initiatives and continue to innovate its existing products; the ability to respond to failures in our technology or cybersecurity threats affecting our business; the ability to respond to regional downturns or severe weather or catastrophic occurrences or other disruptions or events; the ability to respond to decreases in demand for private aviation services and changes in customer preferences; the ability of SAM to defend its intellectual property and satisfy regulatory requirements and the impact of the COVID-19 pandemic on SAM’s business; and other risks.
Use of Projections
This press release contains financial forecasts for Surf Air Mobility with respect to certain financial results for Surf Air Mobility’s fiscal years 2021 through 2024. The Company’s independent auditors have not audited, studied, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this press release. These projections are forward-looking statements and should not be relied upon as being necessarily indicative of future results. In this press release, certain of the above-mentioned projected information has been provided for purposes of providing comparisons with historical data. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Surf Air Mobility or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this press release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.
Additional Information and Where to Find It
THCA intends to file with the Securities Exchange Commission (the “SEC”) a registration statement on Form S-4 with a proxy statement containing information about the proposed transaction and the respective businesses of SAM and THCA. THCA will mail a final prospectus and definitive proxy statement and other relevant documents after the SEC completes its review. THCA shareholders are urged to read the preliminary prospectus and proxy statement and any amendments thereto and the final prospectus and definitive proxy statement in connection with the solicitation of proxies for the special meeting to be held to approve the proposed transaction, because these documents will contain important information about the THCA, SAM, and the proposed transaction. The final prospectus and definitive proxy statement will be mailed to stockholders of the THCA as of a record date to be established for voting on the proposed transaction. THCA shareholders will also be able to obtain a free copy of the proxy statement, as well as other filings containing information about the THCA, without charge, at the SEC’s website (www.sec.gov) or by calling 1-800-SEC-0330. Copies of the proxy statement and the THCA’s other filings with the SEC can also be obtained, without charge, by directing a request to: This email address is being protected from spambots. You need JavaScript enabled to view it.. Additionally, all documents filed with the SEC can be found on THCA’s website, tuscan-holdings.com. The information contained in, or that can be accessed through, THCA’s or SAM’s website is not incorporated by reference in, and is not part of, this press release.
Participants in the Solicitation
SAM and THCA and their respective directors and officers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the proposed business combination. THCA stockholders and other interested persons may obtain, without charge, more detailed information regarding directors and officers of THCA in the SPAC’s Form S-1 filed with the SEC relating to its initial public offering, which was declared effective on July 11, 2019 and in the proxy statement/prospectus relating to this transaction once filed. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from THCA’s shareholders in connection with the proposed business combination will be included in the definitive proxy statement/prospectus SPAC intends to file with the SEC.
No Offer or Solicitation
This press release does not constitute (i) a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination, or (ii) an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of the U.S. Securities Act.
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Significantly expands longstanding and successful CCUS partnership
PLANO, Texas & SASKATOON, Saskatchewan--(BUSINESS WIRE)--#Blueoil--Denbury Carbon Solutions, LLC, a wholly owned subsidiary of Denbury Inc. (NYSE: DEN) (“Denbury”), and PCS Nitrogen Fertilizer L.P., a wholly owned subsidiary of Nutrien Ltd. (TSX and NYSE: NTR) (“Nutrien”), today announced that the parties have reached a term-sheet agreement under which Denbury would transport and store carbon dioxide (CO2) captured from Nutrien’s potential new clean ammonia project at its Geismar, Louisiana location.
Nutrien is evaluating its Geismar, Louisiana, ammonia facilities as a potential site for significant new ammonia production to serve growing demand in agriculture, industrial and emerging energy markets. Nutrien is progressing the proposed project to the front-end engineering design phase, with a final investment decision expected to follow in 2023 and, if approved, full production by 2027. The new plant is expected to have annual production capacity of 1.2 million metric tons of clean ammonia, with approximately 1.8 million metric tons per year of CO2 to be captured. Under the terms of the agreement, Nutrien would pay Denbury for the transportation and sequestration of the associated CO2 into Denbury’s secure underground containment sites. The initial term of the agreement is 12 years, with up to two extension terms of five years each.
“We are thrilled to expand our successful long-term partnership with Nutrien through this world class project,” said Chris Kendall, Denbury’s President and Chief Executive Officer. “We believe that CCUS-enabled clean ammonia will be an important source of energy in a lower-carbon future, and we are honored by the confidence and trust that Nutrien has continued to place in Denbury to provide this important service.”
“Nutrien is optimally positioned to supply global emerging clean ammonia markets and grow a pathway for a decarbonized supply chain,” said Raef Sully, Nutrien’s Executive Vice President and CEO of Nitrogen and Phosphate. “We are pleased to partner with Denbury on this initiative given our established track record of cooperation. It is another example of how we are building on our expertise in low-carbon ammonia to decarbonize the agriculture industry while also developing a source of clean energy.”
This new agreement expands the companies’ longstanding efforts to reduce atmospheric emissions by capturing industrial-sourced CO2 for permanent underground storage. In 2013, Nutrien and Denbury began working together to transport CO2 captured from Nutrien’s existing nitrogen facilities in Geismar, Louisiana, located less than one mile from Denbury’s CO2 pipeline infrastructure, for use in Denbury’s enhanced oil recovery operations. Since then, the companies’ collective efforts have resulted in:
This agreement was previously announced by Denbury as part of its earnings release dated May 5, 2022. Inclusive of the agreement between Denbury and Nutrien, the cumulative volume of Denbury’s CO2 transportation and storage agreements totals approximately seven million metric tons per year. In parallel, Denbury has entered into a number of agreements providing Denbury the exclusive rights to develop secure underground CO2 sequestration sites in Louisiana, Texas, and Alabama, with total potential capacity of over 1.4 billion metric tons. Denbury’s leadership position in CCUS is supported by over 20 years of experience transporting and injecting CO2 underground. Denbury is currently moving in excess of 14 million metric tons of CO2 annually in the United States through its 1,300+ miles of CO2 pipelines, the largest CO2 pipeline network in the world.
ABOUT NUTRIEN
Nutrien is the world's largest provider of crop inputs and services, playing a critical role in helping growers increase food production in a sustainable manner. Nutrien produces and distributes approximately 27 million tonnes of potash, nitrogen and phosphate products world-wide. With this capability and our leading agriculture retail network, Nutrien is well positioned to supply the needs of our customers. Nutrien operates with a long-term view and is committed to working with our stakeholders to address our economic, environmental and social priorities. The scale and diversity of Nutrien’s integrated portfolio provides a stable earnings base, multiple avenues for growth and the opportunity to return capital to shareholders.
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
Follow Denbury on Twitter and LinkedIn.
This press release uses the term “agreement” to refer to both executed definitive agreements and executed term sheets covering various CCUS arrangements, such as the Nutrien agreement. These arrangements are subject to technical and feasibility evaluations and the building of new industrial facilities in future years.
This press release contains forward looking statements that involve risks and uncertainties, including the ultimate construction and operation of new industrial facilities, and the nature and extent of nearby sequestration sites, along with the results of Denbury’s pre-injection period tests and assessments. These statements are based on engineering, geological, financial and operating assumptions that Denbury believes are reasonable based on currently available information; however, their achievement are subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met. Actual results may vary materially. In addition, any forward-looking statements represent Denbury’s estimates only as of today and should not be relied upon as representing its estimates as of any future date. Denbury assumes no obligation to update these forward-looking statements.
NUTRIEN CONTACTS:
Jeff Holzman, VP Investor Relations, 306.933.8545
Megan Fielding, VP Brand & Culture Communications, 403.797.3015
DENBURY CONTACTS:
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
Climate tech company is crowdfunding to tackle the ‘dirty secret’ of the net-zero transition with its breakthrough flameless combustion technology
LONDON--(BUSINESS WIRE)--An investment opportunity is now open with climate tech company IPG, who has today announced the launch of its crowdfunding campaign to support its mission to replace the diesel generator. IPG’s patented product, the IPG Flameless Generator, disrupts the ‘chicken-and-egg’ scenario between the supply and demand of renewable fuels, giving businesses the confidence to ditch their diesel gensets today. The crowdfunding campaign is now open for interested investors to pre-register on Seedrs.
Diesel generators are the dirty secret of the energy transition. They accounted for 53% of the distributed power market in 2019 and, despite the progress we continue to make with wind, solar and battery storage, their market value is set to almost double to $30bn by 2030. With many contenders for the fuel of the future, the uncertainty in supply of hydrogen and biofuels makes businesses unwilling to risk the switch to solutions designed for just one of these fuels. However, without this demand, fuel suppliers won't invest in greater production – a classic ‘chicken-and-egg’ scenario stalling our decarbonisation.
IPG is tackling this problem with its breakthrough product – the IPG Flameless Generator. Patented flameless combustion technology delivers pollutant-free power from any renewable fuel, while allowing for the security of a conventional fuel back up should supplies fail. This will provide valuable energy security for businesses by de-risking the switch to hydrogen and biofuels, enabling them to end their reliance on diesel.
With patented technology validated by Cranfield University and a £1m prototype project with National Highways soon to be completed, IPG is now raising investment to deliver the next phase of product trials with its growing list of early adopters.
Toby Gill, CEO of IPG, commented: “With climate tech featured as the fastest-growing vertical in Europe, and investment in the space growing ten-fold over the last five years, the clean energy transition is referred to as the single greatest investment opportunity of this generation. Even so, opportunities to get involved with a B2B hardware company at this stage in the innovation journey remain few and far between. IPG’s crowdfund campaign represents a unique opportunity for climate-focused investors to get behind a breakthrough innovation at a pivotal stage, and to be a part of the journey towards accelerating the net-zero transition for businesses.”
Ian Marchant, Chairman of Thames Water plc, and Former non-Executive Director of Aggreko commented: “Technology in the power generation sector has hardly evolved in the last few decades, meaning there is no real solution for replacing the diesel generator. IPG is tackling that problem, and in my view, it’s the best technology out there to address this issue, with potentially real global impact. That’s what makes IPG’s innovation so interesting, and I’m really excited about being involved in this story.”
The new investment will enable IPG to accelerate product development building on their strong customer traction in beachhead markets, as well as set the foundation for future volume manufacturing processes with key supply chain partners.
IPG is in conversation with the UK’s top construction firms, as well as global generator rental and mining companies for undertaking its next phase of customer trials. At the same time, the company is demonstrating scaling potential in future markets through innovation projects with National Highways and SGN. IPG has also secured strategic partnerships with development and manufacturing experts, which are key to delivering the blueprint for stress-tested, cost-effective product manufacturing at scale.
The crowdfunding campaign is now open for pre-registration and will go live in the coming weeks. For more information, please visit https://www.seedrs.com/ipg/coming-soon.
<ENDS>
Notes to Editors
About IPG
IPG is a British climate-tech company tackling the ‘dirty secret’ of the energy transition: the diesel generator. We’re delivering a clean, multi-fuel capable generator so that companies can finally end their reliance on diesel, without sacrificing energy security.
The IPG Flameless Generator uses patented flameless combustion technology to deliver pollutant-free power from any fuel. Dynamic fuel flexibility unlocks the use of hydrogen and biofuels, while allowing for the security of conventional fuel back up – disrupting the ‘chicken-and-egg’ scenario between supply and demand of renewable fuels.
With innovation projects underway with national organisations for EV charging and future grids, as well as commercial discussions with leading construction and mining companies, IPG is on a mission to help move those difficult-to-decarbonise industries closer towards net-zero.
IPG is currently raising EIS-eligible investment through Seedrs crowdfunding platform to enable our customers to replace their diesel generators.
To learn more visit http://www.ipg.energy
Jessica Baldock, Account Executive, GingerMay
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 01892 882208
Evaluating existing Geismar, Louisiana site to produce 1.2 million tonnes of clean ammonia annually
SASKATOON, Saskatchewan--(BUSINESS WIRE)--Nutrien Ltd. (TSX and NYSE: NTR) announced today that it is evaluating Geismar, LA as the site to build the world’s largest clean ammonia facility. Building on the company’s expertise in low-carbon ammonia production, clean ammonia will be manufactured using innovative technology to achieve at least a 90 percent reduction in CO2 emissions. The project will proceed to the front-end engineering design (FEED) phase, with a final investment decision expected to follow in 2023. If approved, construction of the approximately US$2 billion facility would begin in 2024 with full production expected by 2027.
The new clean ammonia plant would leverage low-cost natural gas, tidewater access to world markets, and high-quality carbon capture and sequestration infrastructure at its existing Geismar, LA facility to serve growing demand in agriculture, industrial and emerging energy markets. The plant is expected to have an annual production capacity of 1.2 million metric tonnes of clean ammonia and capture at least 90 percent of CO2 emissions, permanently sequestering more than 1.8 million metric tonnes of CO2 in dedicated geological storage per annum. The new plant will use auto thermal reforming technology to achieve the lowest carbon footprint of any plant at this scale and has the potential to transition to net-zero emissions with future modifications.
“Our commitment to the development and use of both low-carbon and clean ammonia is prominent in our strategy to provide solutions that will help meet the world’s decarbonization goals, while sustainably addressing global food insecurity. Leadership in clean ammonia production will play a key role in achieving our 2030 Scope 1 and 2 emissions reduction goals, as part of our Feeding the Future Plan,” said Ken Seitz, Nutrien’s Interim President and CEO.
Nutrien has signed a term sheet with Denbury Inc., a trusted partner for nearly a decade, that would allow for expansion of the existing volume of carbon sequestration capability in the immediate vicinity of its Geismar facility, if selected as the final site of construction.
“Nutrien is optimally positioned to supply global emerging clean ammonia markets and grow a pathway for a decarbonized supply chain,” said Raef Sully, Nutrien’s Executive Vice President and CEO of Nitrogen and Phosphate. “We are pleased to partner with Denbury on this initiative given our established track record of cooperation. It is another example of how we are building on our expertise in low-carbon ammonia to decarbonize the agriculture industry while helping to sustainably feed and fuel the future.”
Nutrien has also signed a Letter of Intent to collaborate with Mitsubishi Corporation for offtake of up to 40 percent of expected production from the plant to deliver to the Asian fuel market, including Japan, once construction is complete.
Nutrien is committed to leading the development of low carbon and clean ammonia to rapidly accelerate the decarbonization of hard-to-abate sectors such as agriculture, industrial use of ammonia, power generation, and maritime fuel. As one of the world’s largest ammonia traders by marine transportation, Nutrien announced in 2021 a collaboration agreement with EXMAR to jointly develop and build one of the first low-carbon, ammonia-fueled maritime vessels to help decarbonize shipping. Nutrien is also involved with the US Department of Energy and other partners to explore flexible clean ammonia production using air, water and variable renewable electricity.
Visit our clean ammonia web page for more information.
Forward-Looking Statements
Certain statements in this news release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws including our expectations for a clean ammonia production facility (and timing thereof), production capacity, use of technologies, partnerships, carbon capture and sequestration, greenhouse gas reductions and carbon footprints as well potential for net-zero emissions, projected capital expenditures, statements about future operating results and offtake agreements, and our expectations for low-carbon, ammonia fueled maritime vessels. Forward looking statements in this news release are based on certain key expectations and assumptions made by Nutrien, many of which are outside of our control. Although Nutrien believes that the expectations and assumptions on which such forward looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Nutrien can give no assurance that they will prove to be correct. Forward looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this news release. For information on the assumptions made, and the risks and uncertainties that could cause actual results to differ from the anticipated results, refer to our reports filed with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission.
The forward-looking statements in this news release are made as of the date hereof and Nutrien disclaims any intention or obligation to update or revise any forward-looking statements in this news release, except as may be required under applicable laws.
About Nutrien
Nutrien is the world's largest provider of crop inputs and services, playing a critical role in helping growers increase food production in a sustainable manner. We produce and distribute approximately 27 million tonnes of potash, nitrogen and phosphate products world-wide. With this capability and our leading agriculture retail network, we are well positioned to supply the needs of our customers. We operate with a long-term view and are committed to working with our stakeholders as we address our economic, environmental and social priorities. The scale and diversity of our integrated portfolio provides a stable earnings base, multiple avenues for growth and the opportunity to return capital to shareholders.
About Denbury
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
About Mitsubishi Corporation
Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development. For more information about Mitsubishi, visit https://www.mitsubishicorp.com/jp/en.
FOR FURTHER INFORMATION:
Nutrien
Investor Relations
Jeff Holzman
Vice President, Investor Relations
(306) 933-8545
Media Relations
Megan Fielding
Vice President, Brand & Culture Communications
(403) 797-3015
Contact us at: www.nutrien.com
Denbury
Investor Relations
Brad Whitmarsh
Vice President, Investor Relations
(972) 673-2020
Beth Bierhaus
Investor Relations Analyst
(972) 673-2554
Ameresco ranked #1 for EaaS vision, successful track record, and growth in smart buildings, EV charging, and cybersecurity solutions
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that Guidehouse Insights has ranked them as number one in their 1Q 2022 Energy as a Service (EaaS) Leaderboard report for the second year in a row. Ameresco was recognized for the company’s ability to reach customers across the United States and Europe, its continued ambitious vision for EaaS, track record of success across customer segments and growth in smart buildings and EV charging infrastructure solution sets.
To determine rankings, Guidehouse assessed the competitive landscape of EaaS solutions and how well 17 different companies were positioned to address customer needs. Guidehouse estimates that the EaaS market is poised for a significant period of growth, expanding from $5.4 billion in 2021 to $60 billion by 2030. Market drivers for the rapid adoption of the EaaS model include the expansion of sustainability commitments by organizations of all types, paired with CAPEX constraints across various sectors.
“Ameresco’s leadership position within the EaaS market is supported by the company’s clear vision for EaaS, strong track record of EaaS project execution across multiple customer sectors, and a comprehensive technology solution stack to address customer resilience and sustainability needs,” said Sasha Wedekind, Principal Research Analyst with Guidehouse Insights.
In its 22nd year of business, this recognition further solidifies the importance of Ameresco’s innovation within the industry to provide tailored and cost-effective solutions for its customers as they face pressures to update energy infrastructure with limited available capital.
“Ameresco was founded on the basis of providing customers with solutions that don’t put additional constraints on their capital spending,” said George Sakellaris, Ameresco’s founder, President and CEO. “Energy as a Service is a long-term proven model we have been utilizing for our customers to advance their progress toward sustainability goals while also upgrading their energy infrastructure. This is a win/win and we are pleased to lead the industry on this important vehicle for addressing critical energy projects.”
Guidehouse’s EaaS Leaderboard report includes profiles on 17 EaaS companies and ranks them according to strategy and execution scores. To view the report in full, visit https://guidehouseinsights.com/reports/guidehouse-insights-leaderboard-energy-as-a-service.
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 Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded a contract for approximately $68 million to provide construction and installation services for a power plant maintenance project in North America.
“BWCC provides experienced, efficient and safety-focused construction and installation services for customers in a wide range of industries, including utilities, manufacturing, oil & gas, pulp & paper, renewable energy and more,” said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. “Maintaining the efficiency and reliability of power infrastructure is critical to energy security, and we are pleased to be a part of this project.”
BWCC Vice President and General Manager Mike Hidas emphasized the critical importance of performing work safely and reliably on every BWCC project. “We look forward to executing this project with a strong emphasis on our Target Zero safety culture, with a goal of zero lost-time incidents from start to finish,” Hidas said. “We have already started with project planning and look forward to successfully delivering this project to our customer.”
BWCC is a single-source turnkey supplier of a full range of field construction, construction management and maintenance services. BWCC’s experience ranges from large, complex projects to small, quick turnaround repair needs.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the awarding of a contract to provide construction and installation services for a power plant maintenance project in North America. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Investor Relations
Babcock & Wilcox
704.625.4944
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at the following investor conferences in May and June:
A live webcast of the presentations will be available on the Investor section of Wolfspeed’s website. To access the webcasts, please visit https://investor.wolfspeed.com/events-and-presentations/.
About Wolfspeed, Inc.
Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power-switching devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Category: Investor
Media Relations:
Melinda Walker
Director, Corporate Communications
818-261-4585
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
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SAN JOSE, Calif.--(BUSINESS WIRE)--$BE #investor--Bloom Energy Corporation (NYSE: BE) today announced that its management team will host an Investor Conference at our newest stack manufacturing plant in Fremont, California on May 25, 2022.
The live event will begin at 9:00 a.m. Pacific Time (PT) / 12:00 p.m. Eastern Time (ET) with a technology showcase featuring Bloom’s power generation, hydrogen production, and marine decarbonization solutions.
Business presentations will begin at 9:30 a.m. Pacific Time (PT) / 12:30 p.m. Eastern Time (ET), where we will share our vision of a decarbonized energy future and our plans to execute on an aggressive multiyear growth strategy.
This event will be webcast live and archived on our investor website. Additional details are available at https://investor.bloomenergy.com/ or at https://bloomenergyinvestorconference.com.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
Investor Relations:
Ed Vallejo
Bloom Energy
+1 (267) 370-9717
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Media:
Jennifer Duffourg
Bloom Energy
+1 (480) 341-5464
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Continuing to Build on Existing Leadership, Invert Adds Expertise to its Development Team as it Seeks to Drive Consumer Engagement to Fight Climate Change
OTTAWA, Ontario--(BUSINESS WIRE)--#ClimateAction--Invert Inc. ("Invert" or “the Company"), a specialized carbon emissions reduction and offsetting company focused on making carbon credits accessible to individuals, is proud to announce six new members of its Product and Software Development team. Joining the Company and working under the leadership of Ru Wadasinghe, Head of Product and Software Development, are Derik Lawlis, Shane Guay, Steve Davis, Krista Swanson, Matt De Wolfe, and Dan Meeking. Invert’s accomplished team will be tasked with developing and advancing the Company’s consumer-facing platform that enables individuals to invert their carbon-generating habits while also supporting carbon credit generating projects that will make a tangible difference in the global fight against climate change.
“We’re thrilled to welcome these talented professionals to the Invert team as we continue to advance the Invert app,” said Rade Kovacevic, Co-CEO, Invert Inc. “Having built many highly successful apps before, Invert will benefit tremendously from the critical set of skills and expertise they bring to their new roles. Our newest members join our talented Invert App team in place to help to drive our mission to increase consumer engagement in our common fight against climate change.”
Derik Lawlis joins Invert as a Product Manager. He is an Ecology graduate with almost a decade of consumer-facing product management experience. Derik previously served as Founder, CEO, and Chief of Operations for other accomplished start-ups where he deployed complex multi-platform software projects. He has also successfully founded, developed, launched, and sold a mobile wellness application.
Shane Guay is an accomplished leader in software development, focusing on enterprise solutions and mobile applications. He has delivered over 50 mobile apps to the Apple and Android app stores, including CFL Football Frenzy, NFL Play 60, Hasbro Monopoly Here & Now, Disney Junior Magic Phone, and streaming apps for TBS/Cartoon Network and Disney Anywhere. Joining Invert as Senior Systems Architect, Shane has over 20 years of experience encompassing all phases of development, including managing, designing, developing, coordinating, and tracking various IT projects of all sizes.
Steve Davis has created products in various areas, including mobile apps, websites, encryption, and embedded systems. His work has been awarded over ten patents in multiple technologies. Steve has over 35 years of software development experience and joins the Company leading Invert’s Software Research and Development team.
Krista Swanson joins Invert as Senior Director of Project Delivery. She is an accomplished IT professional with over 20 years of experience identifying and implementing business needs and technology solutions for various Fortune 500 companies across North America and Europe. This experience has provided her with a unique view of the impacts of technology across several industries. Krista is an avid volunteer and is passionate about giving back to her community and assisting non-profits with their technology platforms.
Matt De Wolfe is an experienced software developer focusing on mobile and enterprise applications in both Apple and Android systems. With over a decade of experience, Matt has managed projects through all design stages, including leading the development of 10 HTML games, and was the primary decision-maker on core technologies and limitations. Matt joins Invert as a Senior Software Developer.
Dan Meeking joins Invert as Product Management Advisor after a long career at Shopify. He has over 20 years of experience in building and operating multidisciplinary teams focusing on designing and building engaging new technology.
Invert’s unique software application, currently undergoing beta testing, will allow individuals to take control of their own climate footprint to invest in a cleaner future.
Governments worldwide are taking too long to drive action as they debate policies and procedures on how to achieve climate goals and net-zero emissions. This is where Invert is stepping in - Invert’s application provides individuals with the ability to support carbon reduction projects and reduce their carbon footprint directly from their mobile phones. By providing tools, content, and insights, users can choose which carbon-reducing projects to fund and, in return, earn carbon credits to offset their carbon footprint. The goal is to empower Invert app users to drive change by being part of a like-minded community, sharing ideas and resources on building greener habits while making progress towards a carbon-neutral lifestyle.
About Invert
Invert operates at the core of the carbon reduction ecosystem, from financing the removal of carbon from our atmosphere via high-quality carbon offset projects to empowering businesses and individuals on their emissions reduction journeys.
Invert invests in carbon credit projects that produce high-quality, meaningful carbon reduction and removal credits to help save our world. By selling these credits to individuals or businesses, the Company generates revenue that can be reinvested towards further projects that reduce or remove CO2 from the atmosphere. Working directly with businesses to help them understand and reduce the carbon footprint of their operations and reduce the Scope 1, 2, and 3 emissions that they generate.
Invert is also creating a place where individuals can learn about what they can do themselves to address the pressing issue of climate change. The Company helps individuals understand their impact on the world and gives them a chance to support projects that reduce greenhouse gas emissions. The goal is for every individual to be carbon neutral, and Invert will help get people there in an engaging manner with rich content and community.
Please visit our website for more information: https://join.invert.world/
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to, the intentions of the Corporation to complete the Offering, the planned use of the proceeds of the Offering and future development and financial prospects of the Corporation. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Invert to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: volatility in prices of carbon credits and demand for carbon credit; expectations regarding carbon market trends, overall carbon market growth rates and prices for carbon credits; inability to raise the money necessary to execute its business plan and strategies; the Corporation's business plans and strategies, including acquiring carbon credits, streams and interests in carbon credit projects or entities involved in carbon credits or related businesses; the political, social and economic conditions in each jurisdiction in which the Corporation holds an investment; terrorism, insurrection or war; or delays in obtaining governmental approvals. Although Invert has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Invert disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Caitlin O’Hara
Head of Corporate Communications, Invert
This email address is being protected from spambots. You need JavaScript enabled to view it.
1-613-621-9638
240 MWAC 7V Solar Ranch project in Fayette County, Texas, marks the first project to commence construction in the U.S. as part of Candela Renewables’ partnership with Naturgy
SAN FRANCISCO--(BUSINESS WIRE)--Candela Renewables today, in partnership with Naturgy Energy Group, announced they have broken ground on their first utility-scale solar project in Fayette County, Texas. This not only represents the start of construction for Candela’s first project, but also signals Naturgy’s first U.S.-based project since partnering with Candela in early 2021 as well as their largest solar project in the world to date.
For more information about this development, please visit:
https://www.candelarenewables.com/news-blog/
About Candela Renewables
Founded in 2018 by former First Solar executives, Candela Renewables has one of the most accomplished teams developing utility-scale solar and storage projects in the United States. Candela is active in markets across the U.S., including CAISO, WECC, ERCOT, PJM, NYISO, the Southeast & MISO.
In 2021, Candela entered into a partnership with Naturgy Energy Group. Candela and Naturgy formed a new joint entity that owns Candela’s development pipeline. The companies also executed a five-year Development Services Agreement for the U.S. market.
Candela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.
For more information, visit https://www.candelarenewables.com/
Erin Hall
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NEW YORK & OSLO, Norway & LUXEMBOURG & VAASA, Finland--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed an agreement with the City of Vaasa, Finland, for the temporary lease of 130 hectares (1,300,000 m²) of land in the GigaVaasa area. This plot is the future site of FREYR’s planned battery cell production plant and part of the company’s strategic collaboration with the City of Vaasa to develop industrial scale battery technology and production in the country.
In 2021, FREYR signed a non-binding memorandum of understanding (“MoU”) with the City of Vaasa, providing FREYR with an exclusive right to a site for a potential battery cell plant with the aim to explore opportunities for joint site-development to accelerate supply of clean batteries in Finland. The temporary land lease agreement of the Vaasa plot is 40 hectares larger than the area FREYR reserved in the initial MoU, to increase the company’s efforts to accelerate supply to meet the expected increasing demand for localized and decarbonized battery solutions.
The agreement now enables FREYR to begin soil investigation and preparatory work as a prelude to potential construction. The lease is valid from May 1, 2022, until December 31, 2023, with the option for a one-year extension.
“This lease grants us use of 1.3 million square meters of space in Vaasa, an area that we have previously identified as ideal for our future planned Gigafactory in Finland. There is an ample supply of affordable, renewable energy in this region and convenient proximity to raw materials. That, combined with the country’s highly competent workforce, makes this land lease an important step on the path to potential development,” said Axel Thorsdal, Senior Vice President, Project Development at FREYR.
Mayor of Vaasa, Tomas Häyry, shared his perspectives on the contract and the ongoing planning efforts. “We are developing the GigaVaasa area and the battery value chain in stages, and naturally, the progress of the cell plant project is particularly significant. At the same time, road and rail line connections are being developed in the area.”
Prior to this land lease, FREYR commenced an Environmental Impact Assessment (EIA) for its Vaasa project. The EIA is an essential step towards understanding the impact that the proposed factory may have on the local environment. The target is to conclude the assessment procedure before the end of 2022 with a subsequent potential investment decision in Finland’s first Gigawatt hour scale battery cell facility.
“With this agreement, we can now begin the work to clear routes for our ground investigations, which include assessing the soil and the local environment, prior to any potential construction. This is a critical step in our battery development strategy in Finland,” Thorsdal adds.
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028. To learn more about FREYR, please visit www.freyrbattery.com.
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding (i) the development, timeline, capacity and other usefulness of FREYR’s planned battery cell production plant, Gigafactory and battery development strategy in Finland and the Vaasa site, (ii) the timeline for FREYR’s supply of clean batteries in Finland, (iii) any potential benefits of the Vaasa site for FREYR, including its ample supply of affordable, renewable energy and convenient proximity to raw materials and (iv) any potential benefits of FREYR’s battery development strategy in Finland are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in (i) FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, (ii) FREYR’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2022 and (iii) in other SEC filings available on the SEC’s website at www.sec.gov.
Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161
Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570
Leading global supply chain visibility platform sees significant momentum in ocean visibility, and hires industry veteran Philippe Salles to lead ongoing aggressive growth strategy
AMSTERDAM--(BUSINESS WIRE)--Philippe Salles has been appointed FourKites’ Vice President of Strategic Solutions (Ocean), bringing a wealth of experience to this booming area of the company’s business.
“I’m delighted to be joining FourKites,” says Philippe, who brings experience from CMA CGM, INTTRA and maritime research and consultancy firm Drewry. “Visibility has been ocean shippers’ top priority for decades, and today’s real-time visibility platforms have completely changed the game. In addition to its market-leading machine learning-driven platform, FourKites understands that industry mindset and professionalism are as important as the technology itself. We need to provide shippers with a long-term strategic vision for their supply chain to make them resilient and collaborative.”
Philippe is an industry veteran with a detailed understanding of current supply chain issues. In his new role at FourKites, he will work closely with FourKites shippers and carriers to support them as they execute the change management needed to improve end-to-end supply chain visibility. Moreover, he will accelerate time to value for FourKites users by removing operational pain points and maximising the effectiveness of the systems they use.
“Philippe has a rare depth of experience, especially when it comes to evolving some of the traditional areas of ocean shipping with new technology,” says Mathew Elenjickal, FourKites Founder and CEO. “His network, the trust he's built up in the industry and his expertise in supply chain management will be invaluable to our customers as we continue to drive innovation in ocean visibility.”
FourKites sees unprecedented ocean momentum
Salles’ appointment is the latest leap forward in FourKites’ momentum in supply chain visibility for seagoing container traffic. FourKites now tracks 98% of global ocean container traffic across more than 270 lanes and 120 carriers, and covers every container port in North America and all major ports in Europe.
Over the last 12 months, the company has seen:
In the last quarter, FourKites signed a number of new ocean customers, including Cardinal Health, Arizona Tile, LyondellBasell, McCain Foods, Roehm, Rove Concepts and Yamaha Motors, among many others.
LyondellBasell, to take one example, is a top-10 global chemicals producer with operations around the world. The company has been a FourKites customer since 2018, when it began tracking shipments across all modes of transport in North America. Based on its success to date with the FourKites platform, the company extended its contract with FourKites in Q1 2022 to track multimodal shipments in Europe.
“Global shippers love FourKites’ Dynamic OceanSM platform because it addresses the full spectrum of shipping issues,” says Philippe. “And the company’s proprietary Dynamic ETA® technology provides estimated times of arrival that are 20% to 40% more accurate than carrier-generated figures. That’s important because timing errors can add significantly to costs.”
FourKites’ Dynamic Ocean addresses the full spectrum of ocean shipping issues through advanced document management and collaboration features; state-of-the-art real-time tracking capabilities, including highly accurate predictive ETAs; and comprehensive multimodal visibility from port to door, including the yard, so shippers can identify and manage the root causes of escalating fees.
About FourKites
Leading global supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.5 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching more than 200 countries, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 1,000 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
Scott Johnston
Director of European PR for FourKites
+31 62 147 8442
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Presentation on May 24, 2022, at 10:30 AM ET
VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #CGRN--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, today announced it will be featured as a presenting company at the H.C. Wainwright Global Investment Conference. Darren Jamison, President and Chief Executive Officer of Capstone Green Energy, will present at the conference on Tuesday, May 24, 2022, at 10:30 AM ET.
H.C. Wainwright & Co. is hosting its Annual Global Investment Conference, which is being held as a hybrid event from May 23-26, 2022. The in-person venue for the event is the Fontainebleau Hotel in Miami Beach. Virtual participation will be staged simultaneously with over 500 company presentations scheduled as a live feed or available on-demand.
If you are a professional investor and would like to listen to the Company’s presentation, please click on the following link (www.hcwevents.com/globalconference) to register for the conference. Over 500 corporate presentations & panels are available during May 23-26, 2022.
“I am pleased to be invited to present at the upcoming H.C. Wainwright conference. I look forward to providing an update on Capstone Green Energy and discussing recent corporate achievements, including Energy as a Service,” stated Darren Jamison, President and CEO of Capstone Green Energy.
Event: |
Capstone Green Energy’s Presentation at the H.C. Wainwright Global Investment Conference (Hybrid Conference) |
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Date: |
May 24, 2022 |
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Time: |
10:30-11:00 AM ET |
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Webcasting Link: |
One-on-One Meetings
Darren Jamison, Capstone’s President & Chief Executive Officer, and Eric Hencken, Capstone’s Chief Financial Officer, will be conducting one-on-one meetings with qualified professional investors throughout the conference days on May 24 & 25, 2022. To register and schedule a time with management, please get in touch with This email address is being protected from spambots. You need JavaScript enabled to view it. or register HERE.
An audio webcast of this event and supporting materials will be available on the Investor Relations section of Capstone Green Energy’s website located HERE. A replay of the webcast will be available for 90 days after the presentation date.
About H.C. Wainwright & Co.
H.C. Wainwright is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. also provides research and sales and trading services to institutional investors. According to Sagient Research Systems, H.C. Wainwright’s team is ranked as the #1 Placement Agent in terms of aggregate CMPO (confidentially marketed public offering), RD (registered direct offering) and PIPE (private investment in public equity) executed cumulatively since 1998.
For more information, visit H.C. Wainwright & Co., on the web at www.hcwco.com
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three full fiscal years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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