Engineering and procurement services project expands Audubon’s offshore experience and growth in GOM
HOUSTON--(BUSINESS WIRE)--#Audubon--Audubon Engineering Company LP (Audubon), a leading provider of engineering, procurement, construction, and fabrication services, has entered into an agreement with LLOG Exploration Offshore LLC (LLOG) to support its Salamanca floating production system (FPS) project in the U.S. Gulf of Mexico. LLOG is acting as project manager for the Salamanca FPS Infra LLC.
The scope of work includes detailed design services as well as procurement, vendor equipment management, construction, pre-commissioning, and offshore commissioning support.
About the Salamanca FPS
Rather than undertaking a new build, LLOG will repurpose the existing Independence Hub facility. This marks the first time in the Gulf of Mexico that an operator will have accomplished such an undertaking for an existing semisubmersible production facility. The project has a significant positive impact on environmental, social, and governance (ESG) due to its reuse of an existing unit rather than abandoning the unit. The project will also reduce emissions by approximately 70% compared to new unit construction.
The hull, topside truss, cranes, and lifeboats will be reused with minor modifications. All other topside equipment, including piping, instrumentation, and electrical systems, will be new and fit for purpose.
The column-stabilized Salamanca FPS will be located in Block 689 of the Keathley Canyon to tap the Leon and Castile discoveries. Situated at a water depth of approximately 6,400 ft., the deepwater platform will include processing facilities capable to 60,000 BOPD, 25,000 BWPD, and 40 MMSCFD of natural gas.
LLOG will obtain ABS A1 notation for the platform to comply with CG-ENG Policy Letter No. 01-13, Alternate Design and Equipment Standard for Floating Offshore Installations. Initial production from the joint development is expected mid-2025.
Audubon’s legacy with LLOG Exploration
Executed by Audubon’s strong local operating centers in New Orleans and Houston, this contract continues the company’s track record of successfully delivering integrated engineering and technical services for LLOG.
“Our history of partnership with LLOG goes back to 2006. As LLOG has grown from inshore facilities to offshore shelf to deepwater facilities, Audubon has grown with it,” said Ryan Hanemann, president of Audubon Engineering Company LP.
“We are excited about the opportunity to extend Audubon’s growth in offshore service delivery while helping LLOG achieve its mission of safely exploring and producing energy from the deepwater Gulf of Mexico,” Ryan continued.
On Twitter: @audubonco
About Audubon Engineering Company LP
Founded in 1997, Audubon Engineering Company LP is a leading provider of integrated engineering, construction, fabrication, and technical services. Serving the energy, power, utility, industrial, and infrastructure sectors, our end-to-end lifecycle solutions help solve our clients’ toughest challenges. Leveraging technology, ingenuity, and experience, we deliver outstanding project outcomes for a more sustainable tomorrow. For more information, visit auduboncompanies.com.
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NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA releases research that examines the Inflation Reduction Act (IRA) and its effect on the U.S. energy sector, with a focus on how the bill aims to reduce the country’s greenhouse gas (GHG) emissions by boosting clean energy investments. As we noted in a recent research report, high energy prices have slowed the pace of the U.S. energy transition plans. With the IRA, the U.S. is reinvigorating energy transition plans and bolstering its commitment to Paris Agreement climate goals. In KBRA’s view, this legislation sends a signal to the rest of the world that the U.S. is ready to be a leader in the global effort to address climate change.
Key Takeaways
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Technology leader to accelerate Booster’s digital transformation of the energy delivery sector, enhancing customer experience and expanding access to sustainable energy
SAN MATEO, Calif.--(BUSINESS WIRE)--With an increasing focus on digital transformation, artificial intelligence and a data-driven customer experience, Booster™, the leading tech-driven mobile energy delivery company, today announces Andrew Hamel as Chief Technology Officer (CTO). Hamel, a former senior executive at Amazon and a recognized leader in digital transformation strategies, will lead product, engineering and design.
“Last-mile transportation has historically relied on low-technology, antiquated solutions for energy needs,” said Frank Mycroft, Booster CEO and founder. “Booster’s data-driven energy network helps fleets win with technology at our core, and there’s no better leader to accelerate this vision than Andrew. With his strong track record of driving customer delight through scalable operating systems, Andrew is known for simplifying processes and blending the digital with the physical.”
Hamel joins an expanding leadership team; in March, Booster announced the appointment of three new vice presidents as the company continues to grow and scale its operations. Next month, the company will announce expansion into four new markets, cementing its footprint coast-to-coast across the U.S.
Hamel’s appointment reflects the company’s ongoing investment in taking a digital-first approach through the adoption of advanced technologies from artificial intelligence (AI) to machine learning. He will work closely with John Tokash, Senior Director of Engineering, to develop technology initiatives and integrate digital optimization efforts across the company's portfolio of energy-agnostic delivery services.
“Andrew’s expertise in leveraging technology to deliver a robust customer experience and strong bottom-line results makes him uniquely qualified to lead our technology team,” said Tokash. “His experience will be key to driving the innovation necessary to elevate Booster to the next level.”
“I am excited to join Booster, which is working with some of the world’s largest brands to accelerate the energy transition through mobile fueling,” Hamel said. “I look forward to immersing myself in the business, focusing on the customer, and collaborating with leadership to help grow and transform the business.”
Hamel spent more than a decade with Amazon, where he led development of customer experience and the company’s recommendation engines, search function, and other machine-learning strategies. He comes to Booster from LivePerson, where he served as executive vice president, Operations and Emerging AI Businesses, responsible for leading the technology team working to create more natural digital interactions between customers and AI.
About Booster
Booster is a tech-driven mobile energy delivery company on a mission to fuel the energy transition. Headquartered in San Mateo, California, Booster delivers conventional and renewable fuels directly to fleet vehicles nationwide, lowering carbon emissions, reducing costs, and providing access to renewable fuels. At a time when the urgent desire to transition to a more sustainable energy future is far outpacing the development of infrastructure, Booster provides a critical solution for Amazon, Imperfect Foods, UPS, and hundreds of other customers — no filling stations, truck stops, or off-route trips required. For more information, visit boosterusa.com.
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The Delfini Solar Project will be one of the first solar projects in Greece to utilize a private power purchase agreement
FRAMINGHAM, Mass. & ATHENS, Greece--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that Ameresco Energy Hellas S.A., a wholly-owned subsidiary of Ameresco Inc. and Sunel Group, an international developer and EPC contractor for energy projects, have been selected by Cero Generation, a leading European solar energy developer, as the contractors for “Delfini”, a 100 MWp solar photovoltaic (PV) project.
As part of the project, Ameresco SUNEL Energy S.A. - the joint company already established in Greece - will undertake the Engineering, Procurement and Construction (EPC) of the 100-MW solar PV park in Prosotsani Drama, Greece. The Delfini solar project is one of Greece's first solar project to utilize a private power purchase agreement that does not benefit from government subsidies on electricity costs. The launch of the Delfini solar project marks the start of a new chapter for the delivery of cheaper, clean energy to Greece’s grid.
“We are delighted to be partnering with Ameresco and Sunel Group on this landmark project. Against the backdrop of an ongoing energy crisis, we're helping to deliver cheaper, cleaner power across the country and supporting the government's ambitious transition goals. This project is an important step in the expansion of Cero's Greek portfolio and one of many market-leading projects in our pipeline,” said Marta Martinez Queimadelos, CEO of Cero Generation.
“We’re thrilled to have been selected as a partner on this innovative and important project. As one of the first private power purchase agreement for a solar project in Greece, this move sets the stage for future contracts that will stand to benefit the country both economically and environmentally,” said Britta MacIntosh, SVP, Ameresco “It’s an honor to play such an active role in developing a greener and cleaner future for Greece.”
"Sunel Group's collaboration with Cero and Ameresco on the 'Delfini' project is an important milestone, as it gives us the opportunity to leave our footprint in yet another important photovoltaic project. Cero is a valuable partner for us. Our commitment is to successfully deliver the Delfini project, on time and with high quality, thus strengthening our collaboration for its future projects" said Sunel Group CEO Konstantinos Zygouras.
Mr. Zygouras also emphasized that "The partnership of SUNEL Group with Ameresco opens new possibilities for growth in addition to this first specific project in Greece, as we are jointly exploring the expansion to additional countries and the creation of new models for providing specialized services to prospective investors.”
Project construction has begun and is expected to reach completion by Q3 2023. The Cero, Ameresco and Sunel project teams, along with recognized dignitaries such as Kostas Skrekas, Minister of Energy and Environment, Adonis Georgiadis, Minister of Development and Investment, and Nikolas Tagaras, Deputy Minister of Energy and Environment, celebrated the launch of the project with an in-person event in Athens on July 13, 2022.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and 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 Sunel Group
SUNEL Group is an international EPC contractor and Developer. Founded in 2006 by Greek stakeholders, the group has won the trust of the international investment community by its professionalism, reliability, efficiency, and work ethic, thus creating a strong and recognizable brand. Since 2012, Sunel has been rapidly expanding, by establishing operational centers in Athens, London, Valencia, Dubai and Istanbul. It has operated on 4 continents and has implemented to date 500+ projects, with a total capacity of over 1,000 MWp in Greece, Cyprus, Turkey, United Kingdom, France, Spain, the Ukraine and the United Arab Emirates. It is currently constructing projects in Greece, Cyprus, Denmark, Spain, United Kingdom, Malawi and Chile, of a total capacity exceeding 400 MWp. For the next 5 years SUNEL is planning to develop solar projects of over 2.000 MWp, in cooperation with strategic investors. For more information, visit www.sunelgroup.com.
About Cero Generation
Cero Generation is a leading solar energy company, working across Europe to support the transition to a net-zero future, for this and every generation. Active throughout the project lifecycle, from development through to construction and operations, its highly experienced team collaborates with local partners to bring world-class industrial, commercial and technical expertise to our projects. Cero’s 9 GW solar development portfolio is one of the largest in Europe, covering both utility-scale and on-site generation projects, as well as integrated energy storage solutions. Dedicated to delivering high-quality, high-performing assets, Cero provides corporate and industrial clients with the solutions to accelerate their pathway to a net-zero future. Cero is an independent portfolio company of Macquarie’s Green Investment Group (GIG) operating on a stand-alone basis. For more information, visit www.cerogeneration.com
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2022.
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Free, Virtual Event to Examine the Latest Trends, Challenges and Regulatory Changes Impacting the Dangerous Goods Supply Chain
CHICAGO--(BUSINESS WIRE)--#DangerousGoods--Labelmaster, the leading provider of products, services and technology for the safe and compliant transport of dangerous goods (DG) and hazardous materials (hazmat), today announced the key session topics for its virtual 2022 Dangerous Goods Symposium. This annual event gives supply chain and business professionals the opportunity to hear from the world’s leading trainers, shippers and regulators about the latest trends, updates and best practices impacting the DG industry. This year’s event kicks off September 7, with sessions scheduled through October and additional content to be unveiled throughout the rest of 2022.
The virtual Symposium is part of the DG Exchange—the DG industry’s first global digital community. This year’s event will feature speakers from FedEx, Emirates, the International Air Transport Association (IATA), the Pipeline and Hazardous Materials Safety Administration (PHMSA), SMC3, ARC Advisory Group and more, discussing transport regulations, lithium battery shipping, hazmat training and supply chain disruptions.
Key Session Topics:
“Shipping dangerous goods has become increasingly challenging due to complex regulations, the growth of ecommerce and compounding supply chain issues,” said Robert Finn, vice president, Labelmaster. “The annual DG Symposium provides an educational forum for supply chain and business leaders to hear about the latest industry issues and changes, and learn ways to improve regulatory compliance, increase operational efficiency and mitigate risk within their own organizations.”
Click here to register for free for the DG Exchange to gain access to all DG Symposium sessions, along with everything else the community has to offer. All sessions will be recorded and available afterwards for on-demand viewing.
About Labelmaster
For more than five decades, Labelmaster has been the go-to source for companies – big and small – to navigate and comply with the complex, ever-changing regulations that govern the transport of dangerous goods and hazardous materials. From hazmat labels and UN-certified packaging, hazmat placards and regulatory publications, to advanced technology and regulatory training, Labelmaster’s comprehensive offering of industry-leading software, products, and services helps customers remain compliant with all dangerous goods regulations, mitigate risk and maintain smooth, safe operations. Labelmaster's dedication to supporting its customers' operational and compliance needs is enhanced through its unmatched industry expertise and consulting services, which serve as a valuable resource for customers to answer difficult and commonplace regulatory questions. Whether you're shipping hazardous materials by land, air, or sea, Labelmaster is your partner in keeping your business ahead of regulations and compliant every step of the way. To learn more, visit www.labelmaster.com.
Stephen Dye
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Law to accelerate and expand the market opportunity for commercial-scale solar and battery storage across the nation
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today issued a statement in support of the Inflation Reduction Act, recently signed into law by President Biden. Altus expects to utilize many of the provisions included in the new law. In addition, Altus Power believes the law provides significant indirect benefits to its business by incentivizing investment in domestic solar generation and battery storage supply chains, providing the potential for U.S. manufacturing to compete with offshore production.
“Our industry can now further strengthen investments in new solar, battery storage and EV charging thanks to the direct and long-term support provided by the Inflation Reduction Act,” commented Lars Norell, Altus Power’ Co-Chief Executive Officer. “We welcome the Act’s focus on domestic clean energy manufacturing and look forward to increased opportunities to purchase components for our solar assets domestically.”
Gregg Felton, Altus Power’s Co-Chief Executive Officer added, “We believe this law will significantly enhance the economic advantage of our renewable energy solutions for our customers and thereby substantially expand our addressable market opportunity.”
Altus Power highlights the following provisions as most significant to its opportunity set:
About Altus Power, Inc.
Altus Power, based in Stamford, Connecticut, is the premier commercial-scale clean electrification company, serving commercial, industrial, public sector and community solar customers with an end-to-end solution. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage, and EV charging infrastructure across 18 states from Vermont to Hawaii. Visit www.altuspower.com to learn more.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as "believes," "expects," "intends," "aims", "may," “could,” "will," "should," "plans," “projects,” “forecasts,” “seeks,” “anticipates,” “goal,” “objective,” “target,” “estimate,” “future,” “outlook,” “vision,” or variations of such words or similar terminology that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to Altus Power’s future prospects, developments and business strategies. These statements are based on Altus Power’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Altus Power’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the ability of Altus Power to maintain its listing on the New York Stock Exchange; (2) the ability to recognize the anticipated benefits of the recently completed business combination and related transactions, which may be affected by, among other things, competition, the ability of Altus Power to grow and manage growth profitably, maintain relationships with customers, business partners, suppliers and agents and retain its management and key employees; (3) changes in applicable laws or regulations; (4) the possibility that Altus Power may be adversely affected by other economic, business, regulatory and/or competitive factors; and (5) the impact of COVID-19, inflationary pressures, and supply chain issues on Altus Power’s business.
Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found under the heading “Risk Factors” in Altus Power’s Form 10-K filed with the Securities and Exchange Commission on March 24th, 2022, as well as the other information we file with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and the information and assumptions underlying such statement as we know it and on the date such statement was made, and Altus Power undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
This press release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Altus Power and is not intended to form the basis of an investment decision in Altus Power. All subsequent written and oral forward-looking statements concerning Altus Power or other matters and attributable to Altus Power or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce the successful delivery of Advent’s portable fuel cell products to the Hellenic Army’s Z Amphibious Raider Squadron (“Z’MAK”).
Advent’s fuel cell technology powers a highly sophisticated, incredibly portable battery charger designed to meet the rugged off-grid power needs in performance-demanding settings, such as those regularly faced by Z’MAK and other military divisions. The portable fuel cell can be quickly and efficiently utilized by remote military units to power off-grid radio, surveillance gear, and other mobile electronic military equipment by operating under even the most challenging combat conditions. Advent’s portable fuel cell uses the Company’s proprietary methanol reformation technology to deliver premium performance alongside a significant reduction in size and weight.
Lightweight and compact, the portable fuel cell fits in soldier plate carrier systems and rucksacks, maximizing efficiency and portability across a full range of military operations. The portable fuel cell delivers up to 50W of continuous power and up to 85W of peak power, ensuring a reliable charging experience to a wide variety of the high power electronic devices regularly used by Z’MAK in deployment.
Advent’s portable fuel cell operates silently, and can run uninterrupted off grid for up to two weeks with a single hot-swappable fuel tank. The portable fuel cells have been deployed successfully within the framework of PARMENION National large-scale Joint Exercise.
Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer, stated: “We are excited about our ongoing collaboration with the Hellenic Army and we are grateful for their trust and confidence in our products. The ability of Advent’s products to effectively meet the increasing operating needs of key defense applications has been demonstrated in the field, and this demonstrates that our “Any Fuel. Anywhere.” strategy is more relevant than ever. All of us at Advent Technologies look forward to continuing this collaboration with the Hellenic Army, playing our part in their challenging mission to protect Greek national interests and to guarantee the integrity of Greek territorial waters, the mainland, and the islands.”
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
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NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA releases a report on the expected benefits to the U.S. residential solar industry and associated ABS markets following the passage of the Inflation Reduction Act (IRA) on August 16.
This report—a companion piece to our June publication about key developments in the industry—provides an update on two of those developments now that the IRA has been signed into law. The legislation bodes well for the residential solar industry (and by extension, solar ABS markets) in a number of respects, particularly regarding the extension and expansion of the investment tax credit (ITC), as well as investment in manufacturing for clean energy technology.
Click here to view the report.
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DUBLIN--(BUSINESS WIRE)--The "Electric Bus Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The report on the global electric bus market provides qualitative and quantitative analysis for the period from 2019 to 2027. The report predicts the global electric bus market to grow with a CAGR of 28.20% over the forecast period from 2021-2027. The study on electric bus market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.
The report on electric bus market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global electric bus market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global electric bus market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers
2) Restraints
3) Opportunities
Segment Covered
The global electric bus market is segmented on the basis of power type, bus type, and end user.
The Global Electric Bus Market by Power Type
The Global Electric Bus Market by Bus Type
The Global Electric Bus Market by End User
Key Topics Covered:
1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
2.1. Electric Bus Market Highlights
2.2. Electric Bus Market Projection
2.3. Electric Bus Market Regional Highlights
3. Global Electric Bus Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Analysis of COVID-19 impact on the Electric Bus Market
3.4. Porter's Five Forces Analysis
3.5. Growth Matrix Analysis
3.5.1. Growth Matrix Analysis by Power Type
3.5.2. Growth Matrix Analysis by Bus Type
3.5.3. Growth Matrix Analysis by End User
3.5.4. Growth Matrix Analysis by Region
3.6. Value Chain Analysis of Electric Bus Market
4. Electric Bus Market Macro Indicator Analysis
5. Global Electric Bus Market by Power Type
5.1. Hybrid
5.2. Fuel Cell
5.3. Battery
6. Global Electric Bus Market by Bus Type
6.1. Light Bus
6.2. Medium Bus
6.3. High Seating Capacity Bus
7. Global Electric Bus Market by End User
7.1. Government
7.2. Fleet Operators
8. Global Electric Bus Market by Region 2021-2027
8.1. North America
8.1.1. North America Electric Bus Market by Power Type
8.1.2. North America Electric Bus Market by Bus Type
8.1.3. North America Electric Bus Market by End User
8.1.4. North America Electric Bus Market by Country
8.2. Europe
8.2.1. Europe Electric Bus Market by Power Type
8.2.2. Europe Electric Bus Market by Bus Type
8.2.3. Europe Electric Bus Market by End User
8.2.4. Europe Electric Bus Market by Country
8.3. Asia-Pacific
8.3.1. Asia-Pacific Electric Bus Market by Power Type
8.3.2. Asia-Pacific Electric Bus Market by Bus Type
8.3.3. Asia-Pacific Electric Bus Market by End User
8.3.4. Asia-Pacific Electric Bus Market by Country
8.4. RoW
8.4.1. RoW Electric Bus Market by Power Type
8.4.2. RoW Electric Bus Market by Bus Type
8.4.3. RoW Electric Bus Market by End User
8.4.4. RoW Electric Bus Market by Sub-region
9. Company Profiles and Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/mj57g0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) today announced the pricing of $500 million aggregate principal amount of 2.625% convertible senior notes due 2028 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Sunnova also granted the initial purchasers of the notes the option to purchase up to an additional $100 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes are first issued. The sale of the notes is expected to close on August 19, 2022, subject to customary closing conditions.
The notes will be senior, unsecured obligations of Sunnova and will bear cash interest from August 19, 2022 at an annual rate of 2.625% payable semiannually in arrears on February 15 and August 15 of each year, beginning on February 15, 2023. The notes will mature on February 15, 2028, unless earlier converted, repurchased or redeemed. The initial conversion rate will be 29.2039 shares of Sunnova’s common stock, par value $0.0001, per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $34.24 per share of Sunnova’s common stock). The notes will be convertible into cash, shares of Sunnova’s common stock or a combination of cash and shares of Sunnova’s common stock, at Sunnova’s election.
Sunnova will not be able to redeem the notes prior to August 20, 2025. On or after August 20, 2025, Sunnova may redeem the notes at its option if the last reported sale price of Sunnova’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on and including the trading day immediately preceding the date on which Sunnova provides notice of redemption, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.
If a “fundamental change” (as defined in the indenture governing the notes) occurs at any time prior to the maturity date, holders of the notes may require Sunnova to repurchase for cash all or any portion of their notes at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. In addition, following certain corporate events or if Sunnova issues a notice of redemption, Sunnova will, under certain circumstances, increase the conversion rate for holders who convert their notes in connection with such corporate event or notice of redemption.
Sunnova estimates that the net proceeds from the upsized offering will be approximately $487.1 million (or $584.6 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers’ discounts and estimated offering expenses payable by Sunnova. Sunnova intends to use approximately $40.4 million of the net proceeds to pay the cost of the capped call transactions described below. Sunnova intends to use the remainder of the net proceeds for general corporate purposes, including, among other things, the funding of working capital, operating expenses, capital expenditures and the repayment of indebtedness.
In connection with the pricing of the notes, Sunnova entered into capped call transactions (the “capped call transactions”) with certain of the initial purchasers or their respective affiliates and other financial institutions (the “option counterparties”). The capped call transactions are expected generally to reduce the potential dilution to Sunnova’s common stock upon any conversion of notes and/or offset any cash payments Sunnova is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap initially equal to $46.10 (which represents a premium of 75.0% over the last reported sale price of Sunnova’s common stock on the New York Stock Exchange on August 16, 2022), subject to certain adjustments under the terms of the capped call transactions. If the initial purchasers exercise their option to purchase additional notes, Sunnova expects to enter into additional capped call transactions with the option counterparties.
In connection with establishing their initial hedges of the capped call transactions, Sunnova expects the option counterparties or their respective affiliates to purchase shares of Sunnova’s common stock and/or enter into various derivative transactions with respect to Sunnova’s common stock concurrently with or shortly after the pricing of the notes. These activities could increase (or reduce the size of any decrease in) the market price of Sunnova’s common stock or the notes at that time.
In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Sunnova’s common stock and/or purchasing or selling Sunnova’s common stock or other securities of Sunnova in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so on each exercise date for the capped call transactions, which are expected to occur on each trading day during the 30 trading day period beginning on the 31st scheduled trading day prior to the maturity date of the notes, or following any termination of any portion of the capped call transactions in connection with any repurchase, redemption or early conversion of the notes). This activity could also cause or avoid an increase or a decrease in (or reduce the size of any decrease or increase in) the market price of Sunnova’s common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the amount and value of the consideration that a noteholder will receive upon conversion of its notes.
Neither the notes, nor any shares of Sunnova’s common stock issuable upon conversion of the notes, have been, nor will be, registered under the Securities Act or any state securities laws and, unless so registered, such securities may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the expectations in connection with the offering, the use of proceeds from the offering and actions of the option counterparties and the effects on the price of our common stock as a result thereof. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding Sunnova’s ability to forecast its business due to its limited operating history, the effects of the coronavirus pandemic on Sunnova’s business and operations, supply chain uncertainties, results of operations and financial position, Sunnova’s competition, changes in regulations applicable to Sunnova’s business, fluctuations in the solar and home-building markets, availability of capital, Sunnova’s ability to attract and retain dealers and customers and manage its dealer and strategic partner relationships, the ability to successfully integrate the SunStreet acquisition and the ability of Sunnova to implement its plans, forecasts and other expectations with respect to SunStreet’s business and realize the expected benefits of the acquisition. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the Securities and Exchange Commission, including Sunnova’s annual report on Form 10-K for the year ended December 31, 2021 and subsequent quarterly reports on Form 10-Q. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
ABOUT SUNNOVA
Sunnova Energy International Inc. (NYSE: NOVA) is a leading Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
Investor Relations:
Rodney McMahan, Vice President Investor Relations
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877-770-5211
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CHICAGO--(BUSINESS WIRE)--$EXC--Exelon (Nasdaq: EXC) released the following statement on President Biden’s signing of the Inflation Reduction Act:
"Exelon continues to make substantial investments in the clean energy transition with a focus on innovative solutions that drive the safe, reliable, resilient, affordable energy delivery our customers expect and our communities deserve. The Inflation Reduction Act will provide historically significant new resources for our industry, customers, and other stakeholders to leverage in the pursuit of a cleaner grid. We commend Congress and President Biden for aligning on a promising path toward a clean energy future for our country."
About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.
Nick Alexopulos
Corporate Communications
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SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy Corporation (NYSE: BE) today announced the pricing of its underwritten public offering of 13,000,000 shares of Class A common stock at a public offering price of $26.00 per share, before underwriting discounts and commissions. All of the shares of common stock are being offered by Bloom Energy. In addition, Bloom Energy has granted the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Bloom Energy, are expected to be $338.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on August 19, 2022, subject to customary closing conditions.
J.P. Morgan, Morgan Stanley and BofA Securities are acting as joint book-running managers for the offering. Baird, Cowen, Credit Suisse, KeyBanc Capital Markets, Oppenheimer & Co., Wells Fargo Securities, Raymond James and Tuohy Brothers are acting as co-managers for the offering.
A shelf registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (SEC) on October 25, 2021, and automatically became effective upon filing. This offering is being made solely by means of a prospectus. A copy of the final prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the final prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at +1 (866) 803-9204 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Bloom Energy intends to use the net proceeds from this offering for general corporate purposes, including research and development and sales and marketing activities, general and administrative matters and capital expenditures, and which may include the repayment of some or all of our outstanding indebtedness.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy’s solid oxide platform for distributed generation of electricity and hydrogen delivers highly reliable and resilient, always-on electric power that is clean, fuel flexible, cost-effective and ideal for microgrid applications. Bloom Energy’s solid oxide platform can also be used to produce zero carbon hydrogen. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities and other industries.
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the completion and timing of closing of the offering and the intended use of the proceeds. Forward-looking statements represent Bloom Energy’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of Bloom Energy’s Class A common stock and risks relating to Bloom Energy’s business and the satisfaction of closing conditions in the underwriting agreement related to the offering. The forward-looking statements included in this press release speak only as of the date of this press release, and Bloom Energy does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
Bloom Energy Investor Relations:
Ed Vallejo
+1 (267) 370-9717
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Bloom Energy Media Contact:
Jennifer Duffourg
+1 (480) 341-5464
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Owner of New York City’s Largest Power Plant Proposes New Project to Meet New York’s Ambitious Renewable Energy Goals, Subject to Selection in NYSERDA Offshore Wind Solicitation
Rise’s Queensboro Renewable Express (Queensboro) Includes Years of Thorough Surveys and Engineering That Confirm the Feasibility of Delivering Offshore Wind Energy to Ravenswood Generating Station
Queensboro, Part of Rise’s Renewable Ravenswood Vision, Would Permanently Replace Fossil Fuel Generators, Preserve Good Union Jobs, Deliver a Historic Environmental Justice Victory, and Power Up to Two Million Homes
LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Rise Light & Power today announced another decisive step in support New York State’s bold climate goals, debuting Queensboro Renewable Express (Queensboro), a mature offshore wind transmission project that will bring renewable energy to Queens and replace existing fossil fuel generation. This announcement follows the release of Rise’s Renewable Ravenswood vision, which set ambitious targets to transition Ravenswood Generating Station from New York City’s largest fossil fuel power plant to a hub of renewable energy. It also follows Governor Kathy Hochul’s landmark announcement of New York’s third offshore wind solicitation, which will procure at least 2 GW of offshore wind energy. Queensboro is an innovative solution to the most challenging problem facing the offshore wind industry: delivering energy from the Atlantic Ocean to consumers efficiently and cost-effectively. With years of surveys and engineering work already complete, Queensboro offers unparalleled project maturity for interconnecting offshore wind in New York Harbor.
“As home to New York City’s largest power generator, there are countless reasons to interconnect gigawatts of new offshore wind energy at the Ravenswood site,” said Clint Plummer, Chief Executive Officer of Rise Light & Power. “We can leverage our existing infrastructure and waterfront location to deliver a low-cost, low-risk offshore wind transmission system. Queensboro Renewable Express, as part of the larger Renewable Ravenswood vision, is designed in partnership with our neighbors and community, and we are excited to make it a reality.”
Rise has been developing the Queensboro project for more than two years, completing 255 miles of geophysical surveys in New York Harbor to determine the safest and most efficient location for buried, submarine, high-voltage direct current (HVDC) cables. Multiple sets of transmission cables will bring up to 3.9 GW of offshore wind power from the Atlantic Ocean, through the Verrazano Narrows, Upper New York Bay, and East River to the Ravenswood site in Queens, avoiding any impacts to beaches, public streets, or other property. By landing the cables at Ravenswood – a 27-acre waterfront industrial site in Queens – the project will leverage existing infrastructure to lower costs and improve efficiency.
In addition to providing cost advantages, Queensboro allows the opportunity to permanently replace 1960s-era fossil fuel generation capacity and provide continued employment for Ravenswood’s union workforce that has kept New York’s lights on for decades. Queensboro, as part of the Renewable Ravenswood vision, has numerous advantages, including:
The Queensboro Renewable Express drew praise from elected leaders, environmental justice, and labor advocates.
“After years of advocacy for retiring Big Allis, I am thrilled to see this concrete proposal to bring offshore wind energy to Queens, directly replacing fossil fuel generation,” said U.S. Congresswoman Carolyn B. Maloney (NY-12). “Renewable Ravenswood offered a compelling vision for the site, and this announcement is the next step in making that vision a reality. The table is set for a just transition to renewables, and I look forward to collaborating with our partners in New York State government to make this happen.”
“There are many advantages for using Ravenswood as the gateway for New York City’s offshore wind future but none more important than it retires active fossil generation and puts environment justice at the forefront,” said Eddie Bautista, Executive Director of the New York City Environmental Justice Alliance. “This proposal has the potential to transform the smokestacks of Big Allis into an offshore wind and renewable energy hub.”
“Today’s announcement by Rise Light & Power presents an intriguing construct for delivering clean and renewable offshore wind power to the New York market consistent with the ambitious targets set out under the Climate Leadership Community and Protection Act,” said Fred Zalcman, Director of the New York Offshore Wind Alliance. “By directly replacing fossil fuels with offshore wind power, we will accelerate the transition to a clean and renewable energy economy as we create good-paying jobs and reduce greenhouse gases and combat climate change.”
“We applaud Rise Light and Power’s announcement in supporting New York State’s sustainable energy transition by working expeditiously to replace inefficient, high-emitting peaker plants in Western Queens with energy storage and offshore wind transmission infrastructure,” said Cortney Koenig Worrall, CEO and President, Waterfront Alliance. “The Renewable Ravenswood vision, including this proposal to bring new offshore wind resources to Queens, will directly replace fossil fuel generation while minimizing impacts to public waterfront resources.”
“Bringing new sources of renewable energy to Ravenswood Generating Station is a surefire way to ensure that UWUA Local 1-2 will continue to play a role in keeping the lights on,” said Jim Shillitto, President of Utility Workers Union of America Local 1-2. “By making investments to modernize and transition Ravenswood to clean energy, Rise will maintain electric reliability for New Yorkers and keep union workers at the forefront.”
About Rise Light & Power
Rise Light & Power is a Queens, New York based energy asset manager and developer, and is actively transforming its core asset, Long Island City’s Ravenswood Generation Station, into a new clean energy hub, Renewable Ravenswood. By redeveloping New York City’s largest power generating facility, Rise will permanently replace fossil fuel power with homegrown renewable energy, while providing a just transition for its existing union workforce and economic opportunities for surrounding communities. Renewable Ravenswood, core to Rise’s growth-oriented strategy, is at the forefront of the ambitious clean energy transition taking place in New York State and will continue to provide reliable and cost-effective electricity for New York City for decades to come. Rise Light & Power is a wholly owned affiliate of LS Power. For more information, please visit www.riselight.com.
About LS Power
LS Power is a development, investment, and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. Additionally, it has developed over 660 miles of high voltage transmission. In New York, LS Power Grid New York supports the state’s energy infrastructure through its upcoming build-out of the nearly 100-mile Marcy to New Scotland transmission upgrade project. LS Power Grid New York was selected by the New York Independent System Operator as the most efficient and cost-effective solution in New York’s largest competitive transmission project to date. LS Power actively invests in businesses focused on renewable energy and fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. Across its efforts, LS Power has raised in excess of $46 billion in debt and equity financing to support North American infrastructure. For more information, please visit http://www.lspower.com/.
Press Contact:
Sid Nathan
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HOUSTON--(BUSINESS WIRE)--Hunting PLC, the international energy services group, today announced that it has been contracted to provide titanium stress joints through multiple EPC Contractors for Beacon Offshore Energy’s Shenandoah development in the Gulf of Mexico.
Hunting will provide (2) 10.75” Titanium Grade 29 Stress Joints utilized for Production, (1) 16” Titanium Grade 23 Stress Joint for Gas Export, and (1) 18” Titanium Grade 23 Stress Joint for Oil Export.
“Hunting is extremely excited to provide this scope for the Shenandoah development. This marks the 3rd project over the past 2+ years where we have utilized our worldwide, field-proven technologies in the GOM,” said Dane Tipton, President of Hunting’s Subsea Technologies Division.
For more information regarding Hunting’s titanium stress joints and their Subsea Technologies offerings, visit http://www.hunting-intl.com/subsea-technologies.
About Hunting
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium-listed public company traded on the London Stock Exchange. The company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the company has operations in Canada, China, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
Business Contacts:
John Feuerstein, Hunting, 281-442-7382, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Chemical Tankers Market Intelligence Report - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Chemical Tankers Market is projected to reach USD 40.17 billion by 2027 from USD 29.78 billion in 2021, at a CAGR 5.11% during the forecast period.
In this report, the years 2019 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.
The report on chemical tankers identifies key attributes about the customer to define the potential market and identify different needs across the industry.
Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making. This market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience.
This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.
Key Findings
Company Usability Profiles:
Market Segmentation & Coverage:
Fleet Type:
Product Type:
Fleet Size:
Type:
Region:
For more information about this report visit https://www.researchandmarkets.com/r/e3fqns
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Fuel Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global fuel cards market reached a value of US$ 654.75 Billion in 2021. Looking forward, the market to reach a value of US$ 1,286.83 Billion by 2027, exhibiting a CAGR of 11.92% during 2021-2027
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A fuel card is a payment solution utilized for managing and budgeting vehicle-related expenses while minimizing the hassle of administrating costly expense reports and reimbursements. It can be used by employees who operate corporate vehicles for maintenance and other related expenses like fuel purchases and repairs. It is generally protected via anti-fraud technology and individual personal identification numbers (PINs) to make tracking easier.
It offers online access to the linked account, manages multiple cards, sets up reporting systems, and helps download statements. Nowadays, fuel cards are available with flexible payment options, including paying by credit card, which provides greater control over cash flow.
Fuel Cards Market Trends:
The increasing adoption of digital payment methods, the growing influence of the internet of things (IoT), and the rising focus on efficient fleet administration are among the key factors driving the demand for fuel cards across the globe.
Apart from this, as fuel cards allow business fleet managers to track fuel purchases in real-time, set spending limits, and manage fuel expenses, small and medium scale enterprises (SMEs) with fleets are increasingly relying on fuel cards to manage their fuel usage. In addition, several fuel card programs offer discounted prices or other rebates for purchasing fuel within a network and reducing fuel costs.
Besides this, key players are integrating fleet fuel cards with embedded chips and introducing smartcards, which are more durable than magnetic strips, quick response (QR) codes, and near-field communication (NFC) technology via mobile apps to handle payments.
Furthermore, they are offering customized solutions to clients with detailed reporting, which is anticipated to provide lucrative growth opportunities to market in the coming years.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Type:
Breakup by Technology:
Breakup by Application:
Breakup by End User:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
For more information about this report visit https://www.researchandmarkets.com/r/ijqfum
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America (EDFR) today announced that the Palen Solar site is fully operational and delivering decarbonized energy to the grid. The site consists of four projects totaling 620 megawatts (MWdc) of solar PV plus 200 MWh of battery energy storage.
The projects, which utilize horizontal single-axis tracking technology, are located adjacent to each other on unincorporated land in Riverside County, California, administered by the Federal Bureau of Land Management (BLM). The BLM designated this area as a Solar Energy Zone (SEZ) and Development Focus Area, land set aside for utility-scale renewable energy development.
In addition to economic benefits for Riverside County, including an average local spend of $24,000 a month during construction, the projects combined generate enough decarbonized energy to meet the consumption of up to 217,000 average California homes1. This is equivalent to avoiding more than 1 million metric tons of CO₂ emissions annually2 which represents the greenhouse gas emissions from 227,000 gasoline-powered passenger vehicles driven over the course of one year.
Construction activity commenced in early 2020 with Maverick 1 and Maverick 4, followed by Maverick 6 and Maverick 7 in early 2021. The projects were completed in sequence starting in December 2020. At peak construction, the sites employed over 500 personnel, majority of which were local to Riverside County.
Benoit Rigal, Senior Vice President, Implementation & Projects Management for EDF Renewables North America, commented, “The Maverick projects are the cornerstone of our large-scale solar and storage growth and expertise. The renewable energy industry has experienced significant volatility over the past years battling both unprecedented pandemic and supply chain constraints. We are excited to now have all four projects operating at full capacity and to contribute to California’s climate goal to reduce greenhouse gas emissions to 40% below 1990 levels by 2030.”
EDF Renewables’ Asset Optimization group will perform operations and maintenance services for the life of the Project. The group will provide NERC compliance support, remote monitoring, and balance-of-plant management to maximize power production.
EDF Renewables, one of the largest renewable energy developers in North America, is committing to providing solutions to meet California’s carbon-reduction goals. With over 35 years of experience and 24 gigawatts of wind, solar, and storage projects developed, EDF Renewables North America provides integrated energy solutions from grid-scale power to electric vehicle charging.
1 According to U.S. Energy Information Administration (EIA) 2020 Residential Electricity Sales and U.S. Census Data and typical transmission assumptions.
2 According to U.S. EPA Greenhouse Gas Equivalencies calculations and typical transmission assumptions.
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar and storage; and asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects. The Company’s PowerFlex subsidiary offers a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 24 GW of developed projects and 13 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
Sandi Briner, This email address is being protected from spambots. You need JavaScript enabled to view it.
PARIS--(BUSINESS WIRE)--In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) (ISIN:NL0014559478) declares the following purchases of its own shares during the week of August 8 to August 12, 2022.
These transactions were carried out as part of a buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently.
Name of the Issuer |
Identify Code of the Issuer (LEI Code) |
Day of the transaction |
Identity Code of the Security |
Total Daily Volume (in number of shares) |
Daily weighted average purchase prices of the shares (in €) |
Market Identity Code |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-08 |
NL0014559478 |
20000 |
12.017685 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-09 |
NL0014559478 |
20000 |
12.194626 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-10 |
NL0014559478 |
20000 |
12.206179 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-11 |
NL0014559478 |
20000 |
12.400297 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-12 |
NL0014559478 |
20000 |
12.476356 |
XPAR |
|
|
|
TOTAL |
100000 |
12.259029 |
|
For detailed information on the transactions carried out and on the objectives of the shares purchases, please refer to the detailed declaration available on https://investors.technipenergies.com/financial-information/notice-trading-own-shares.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: https://www.technipenergies.com.
Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
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Media Relations
Stella Fumey
Director, Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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HOUSTON--(BUSINESS WIRE)--The International Meeting for Applied Geoscience and Energy (IMAGE) 2022 conference is headed to Houston and is a must-attend event for geoscience and energy professionals, and journalists covering such important matters. It runs Aug. 28-Sept. 1.
Society of Exploration Geophysicists (SEG) and American Association of Petroleum Geologists (AAPG) leaders and members will drive compelling conversations about energy diversification, space exploration, and healthcare advances led by the geosciences. Of particular interest is the conversation surrounding energy transition and the shift to a net-zero carbon energy future. Other important topics to be discussed at IMAGE 2022 include:
IMAGE 2022 will begin with opening remarks and a welcome from SEG President Anna Shaughnessy and AAPG President Steven Goolsby. The session also features a compelling panel discussion on The Many Faces of Energy Poverty, which will underscore the fact that while climate change, net-zero emissions and electric vehicles are all important topics to discuss, 45% of the world’s population still struggles with access to energy for basic needs. Moderator Dr. Scott Tinker, founder and Chairman of the non-partisan Switch Energy Alliance, will lead panelists through a powerful discussion.
Top reasons to attend IMAGE 2022 include in-person connections with geoscientists, energy professionals, and thought leaders who are shaping the future of applied geoscience and energy, as well as discovering the latest trends and forecasts for the industry.
Media credentials can be obtained by contacting Stephanie Moore, SEG director of marketing and communications, at This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling 918-497-5547.
About SEG
The Society of Exploration Geophysicists is committed to connecting and inspiring the people and science of geophysics. SEG provides educational and technical resources to the global geosciences community through publications, books, events, forums, professional development, young-professionals programs and more. Founded in 1930, SEG fosters the expert and ethical practice of geophysics in exploration and development of natural resources, characterization of near surface, and mitigation of earth hazards. For more information visit www.seg.org.
Stephanie Moore
SEG, Director of Marketing & Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1.918.497.5547
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Citi One-on-One Midstream / Energy Infrastructure Conference in Las Vegas, Nevada. The conference is being held in person on Tuesday, August 16th, 2022 and Wednesday, August 17th, 2022.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536
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