Ingram Micro recognized on the Emerce100 Best Companies in e-Business list for second consecutive year

WAALWIJK, Netherlands--(BUSINESS WIRE)--#3pl--Ingram Micro Commerce & Lifecycle Services, a leading provider of global supply chain solutions, e-commerce logistics and IT asset disposition services, announced it has again been recognized as a top provider of fulfillment warehousing by Emerce, a Netherlands-based media platform for e-business decision makers. This marks the second consecutive year Ingram Micro has been included on the Emerce100, a list of the best companies in e-business.

The 2021 Emerce100 list was determined by the results of surveys and an analysis of 998 companies conducted by Dutch market researcher Motivaction International. Ingram Micro Commerce & Lifecycle Services is one of ten third-party logistics providers recognized in the fulfillment warehousing category.

"We are proud to be listed among the top fulfillment warehousing providers in the Netherlands once again,” said Jack Heijkans, vice president of commerce, Ingram Micro Commerce & Lifecycle Services. “We are trusted by some of today’s biggest brands and emerging businesses — not just in Europe, but globally — which is a testament to our customer-first focus and the excellence of our operations and teams. E-commerce will continue to take on more and more importance around the world, but it requires strong logistics and planning to be successful, and we enable that for our clients. We facilitate customer growth through world-class operations, supported by continuous investments in innovative technology, collaborative relationships and ensuring our services address the complete lifecycle of products — from receiving, to returns, to disposition and everything in between. We are proud to see our success acknowledged by Emerce.”

Ingram Micro’s global warehouse network includes three facilities in the Netherlands and many more across the rest of Europe, the UK, Asia Pacific, North America and Latin America. View the complete Emerce100 list here.

About Ingram Micro Commerce & Lifecycle Services

Ingram Micro Commerce & Lifecycle Services provides supply chain solutions that connect supply and demand. From cross-border fulfillment to dropship and returns management, IT asset disposition, re-marketing, distribution and more, our solutions drive growth across the commerce and technology markets.

We proudly serve customers ranging from fast-growing brands to Global 2000 enterprises and are dedicated to facilitating their success through our global warehousing network, world-class technology, strategic partnerships and decades of expertise in the logistics, mobile device and ITAD industries.

Learn more at www.ingrammicroservices.com.

Lauren Jow
Global Brand Manager
Ingram Micro Commerce & Lifecycle Services
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Companies Complete Benchmark Testing, Aid Utilities’ Digital Transformation through Management of Massive Data Volumes, Supporting Mission-critical Business Processes in the Cloud

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Azure--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it is collaborating with Microsoft to provide highly scalable cloud-based meter data management (MDM) services to customers. As part of this, the companies successfully completed another round of rigorous performance and scalability testing of its Itron Enterprise Edition™ Meter Data Management (IEE MDM) product. This marks the industry's only meter data management solution to perform large-scale benchmarks in Microsoft Azure.

As utilities undergo digital transformation, it is critical that MDM solutions support rapidly expanding use cases with an increasing volume of data and analytics – at scale. Itron’s collaboration with Microsoft facilitates a performant cloud-based solution enabling higher level of service, lower operational costs, flexible expansion and scability. The comprehensive benchmark validates IEE MDM’s capacity to process 2.8 billion readings a day in less than three hours and deliver time-of-use billing determinants equivalent to a 10-million-meter utility. As a result, utilities can be confident that IEE MDM, deployed using Microsoft Azure cloud will provide a reliable, cost-effective and low maintenance platform that supports some of the largest and most process-intensive deployments, globally.

Together, Itron and Microsoft conducted a series of high-volume data tests on IEE MDM using the Microsoft Azure cloud environment with the goal of replicating the genuine demands of a 10-million-meter deployment. Each test executed a "day-in-the-life" scenario that involved processing a mix of meter types including hourly, 15-minute and five-minute interval and register data—from data import, validation and estimation, to billing determinant calculations with time of use and data exports. These tests verified IEE MDM on Microsoft Azure within a scalable cloud environment that provides easy expansion over time as new data sensors or functionality requirements evolve. The Microsoft Azure cloud environment ultimately lowers the total cost of ownership through the ability to dynamically scale and enable Azure resources only when needed, coupled with upgrade-proof technology.

“Navigating the digital revolution, our customers are managing more mission-critical business processes in the cloud with even more use cases, and as a result, customers are collecting and managing more data than ever before. Expanding our partnership with Microsoft Azure is core to our commitment to continuously delivering a robust, scalable and well-managed data management solution,” said Stefan Zschiegner, vice president of product management, Itron. “This testing confirms that IEE MDM's powerful processing capabilities and ability to scale on Microsoft Azure meets our customers' future data and budget requirements.”

The global Microsoft and Itron partnership provides customers with the only enterprise-class meter data management system using Azure cloud computing, a combination that is optimized to flexibly scale, improve reliability and address the increasing requirements of tomorrow's smart grid. The combined offering's performance meets the strict timelines required for daily billing and critical meter-to-cash business processes and analytics, bringing unprecedented value and cloud stability to utility customers.

"Our customers tell us that scalability and agility are front of mind when selecting products for their smart grid while protecting existing technology investments with comprehensive integration features," said Scott Harden, chief technology officer, Energy at Microsoft. "Together, Microsoft and Itron have focused on providing solutions that help utilities execute on the vision of a data-driven and intelligent grid. IEE MDM based on Azure SQL Server is a leading example of a solution that leverages the performance and availability of the Microsoft cloud along with the rigorous security and administrative control that utilities require."

Itron Enterprise Edition (IEE) Meter Data Management System (MDMS) is an industry-leading data management solution for residential gas, water and electric meters, C&I meters and IoT sensors. The ever-evolving platform provides utilities and cities with the flexibility, value and functionality needed regardless of deployment size. IEE is the most globally deployed meter data management system in the world. The installed base comprises over 100 customers across six continents with more than 45 million meters in production.

About Itron

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

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

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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Designs unveiled for seafloor mineral collector robots, carbon-neutral vessels and waste-free metals processing and recycling plants will enable a circular supply chain for battery metals

VANCOUVER, British Columbia--(BUSINESS WIRE)--BIG-Bjarke Ingels Group, the acclaimed global architecture firm whose groundbreaking work incorporates innovations in architecture, has collaborated with The Metals Company, a developer of lower-impact battery metals from seafloor polymetallic nodules, to remake conventional metal production for the 21^st century as society embarks on the transition to a net-zero-carbon future. The Metals Company announced in March that it will merge with Sustainable Opportunities Acquisition Corporation (NYSE:SOAC) to go public on the NASDAQ in Q2 2021.

The Metals Company’s challenge with BIG was to bring innovative, whole-systems design to the industrial components needed to supply the world with critical battery metals from polymetallic nodules—fist-sized rocks containing battery-grade nickel, cobalt, copper and manganese—while reimagining the nexus of industry and community. BIG delivered an integrated suite of assets that work together to lift nodules off the seafloor and up to a purpose-built production vessel, transfer them to a hydrodynamic shuttle carrier, and onward to a metallurgical plant designed to transform an urban port site into a battery materials innovation and community hub, set within a regenerative coastal landscape.

“To collect the nodules, we have designed a light-touch, robotic collector vehicle that aims a jet of seawater across the tops of the rocks to gently pry them from the sediment. Part of our design for future collectors includes a buoyant, hydrodynamic shell with an extended lip to minimize seafloor compaction and reduce and redirect the dust plume kicked up during nodule collection,” said Daniel Sundlin, partner at BIG and partner in charge of the collaboration with The Metals Company.

The Metals Company’s first-generation collector vehicle has been engineered and is currently being built by Allseas in the Netherlands to be deployed for testing early next year.

Nodules are transported through a flexible hose at the top of the collector vehicle to a rigid riser pipe where they are lifted on compressed air bubbles ~4 km up to the surface production vessel, a 216-meter-long ship that runs on carbon-neutral electrofuels, with a sunken deck that is covered with photovoltaic solar panels. The streamlined design of the production vessel is driven by functionality. Equipment for nodule collection is strategically packed in the hull to minimize the size of the vessel and maximize operational efficiency. At scale, each production vessel would operate multiple collectors with additional maintenance capacity provided by a support vessel with a ‘moon pool’ for deploying and retrieving collector vehicles.

While The Metals Company’s first production vessel is a deep-water drillship repurposed by Allseas to enable pilot nodule collection, BIG’s next generation vessel design is central to The Metals Company’s plans to scale to a fleet of 10 production vessels, enabling the provision of over 40 million tons of battery metals by 2050, enough to produce 280 million electric vehicles (EVs)—a quarter of the global passenger car fleet.

At full-scale operations, nodules will be transferred from the production vessels to shuttle carriers, whose X-bow design was chosen by BIG to deliver hyper-efficient, hydrodynamic ships to further assist The Metals Company in lowering the carbon footprint of its battery metals. Once at port, the nodules are offloaded onto a conveyor and into a portside processing plant—designed by BIG as a sustainable, performative and social campus in a regenerative landscape that turns conventional metallurgy on its head.

“Deep-water ports around the world are often degraded ecosystems unwelcoming to local communities. We asked BIG to reimagine what a metals-processing facility could be, to have it integrate with—even remediate—the urban coastal environment,” said The Metals Company Chairman and CEO, Gerard Barron. “The result is a breathtaking innovation complex that will transform an industrial port into a community-based hub for the electric vehicle revolution.”

“The global energy system needs to undergo its most profound change in centuries to realize a world run exclusively on renewable sources. If the ongoing research and studies conclude that harvesting minerals from the seabed can be done in an environmentally and socially responsible way, we will not only be able to accelerate the green transition but give form to an entirely new industry that will create a sustainable circular metals economy for future generations,” said Founder and Creative Director in BIG-Bjarke Ingels Group, Bjarke Ingels.

BIG, well known for creating a ski slope on a waste-to-energy plant in Copenhagen, designed The Metals Company’s circular, zero-solid-waste metallurgical plant to contain pyrometallurgical processing and hydrometallurgical refining steps, stockpiles, and product storage alongside offices, visitor-centric experiences, and an innovation center to tie products into the EV supply chain. The company envisions multiple facilities spread across three continents and a number of brownfield sites are currently under consideration. These plants would in time be retooled to recycle battery cathodes at end-of-life, closing the loop on the battery metals supply chain.

“The world is characterized by a mindset that divides the world into front of house and back of house. The front of house is carefully designed in the form of beautiful facades and lush parks, leaving the back of house as purely utilitarian and logistical leftovers in the form of parking lots and warehouses. With The Metals Company, we are designing a human made ecosystem channeling the flow of resources with the care and attention conventionally reserved for the front of house. A next-generation materials industry,” said Bjarke Ingels.

“We’re remaking how society gets, uses and ultimately re-uses the base metals which form the foundation of the clean energy economy,” said Barron. “BIG has delivered these radical, low-impact designs to help us remake an industry. Now the exciting question is, which port will we transform first?”

ABOUT THE METALS COMPANY

The Metals Company is a Canadian developer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. In March, The Metals Company announced that it had entered into a business combination agreement with Sustainable Opportunities Acquisition Corporation (SOAC) to accelerate project development and take it public on NASDAQ as ‘The Metals Company’. More information is available at https://www.metals.co/.

ABOUT BJARKE INGELS GROUP

BIG-Bjarke Ingels Group is a Copenhagen, New York, London, Shenzhen, and Barcelona based group of architects, designers, urbanists, landscape professionals, interior and product designers, researchers and inventors. The office is currently involved in projects throughout Europe, America, Asia and the Middle East. BIG’s architecture emerges out of a careful analysis of how contemporary life constantly evolves and changes. By hitting the fertile overlap between pragmatic and utopia, we architects once again find the freedom to change the surface of our planet, to better fit contemporary life forms.

Find more information at www.big.dk.

Media
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Virtual Event Brings Together Leaders in Industry and Government Transforming the Energy and Utilities Industries

PHILADELPHIA--(BUSINESS WIRE)--#AMI--The Smart Grid Customer Education Symposium announced today its stellar lineup of speakers for the 2021 event taking place on June 8^th and 9^th virtually. This year’s event focuses on the intersection of industry and policy and how innovation in technology and customer education are paving the way for a more sustainable energy future.

Keynoting the event will be Congressman Marc Veasey of Texas who is a longtime supporter of energy forward legislation that promotes innovation and fights climate change.

In addition, Commissioner Tim Echols of Georgia is the recipient of this year’s “Innovator of the Year” award for his tireless efforts to promote technology innovation and utility customer education.

With nearly 20 senior leaders from utilities across the country as well as influential policy makers and customer advocates, the Symposium is the most impactful conference on smart grid customer education in the utilities industry. This year’s event will also feature an interactive workshop with the U.S. Department of Energy focused on improving collaboration and communication between industry and the Federal government.

To learn more and register for the event, visit www.smartgridcustomereducation.com.

About the Smart Grid Customer Education Symposium

For more than ten years, the Smart Grid Customer Education Symposium has shed a spotlight on the role customers play in the adoption of smart grid and advanced technologies in the energy and utilities industries. The Symposium is produced by SmartEnergy IP, a division of SmartMark Communications, LLC. Learn more at www.smartgridcustomereducation.com.

Meredith Salefski
SmartMark Communications for SmartEnergy IP
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615-864-7841

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) reported 2021 first quarter financial results.

Highlights

• Quarterly adjusted EPS increased by $0.17 to $0.96 driven by continued strength in the regulated portfolio, increased marketing and trading earnings and lower financing and other corporate costs, partially offset by a stronger Canadian dollar (“CAD”).
• On track to deploy more than $2 billion of capital investment in 2021 to drive rate base growth and advance Emera’s strategy.
• Filed a petition to increase 2022 base rates at Tampa Electric by $295 million USD.

“We’re off to a solid start this year,” said Scott Balfour, President and CEO of Emera Inc. “Emera’s proven strategy of safely delivering cleaner, affordable and reliable energy has been a driver of growth and innovation for over 15 years. As customers and policymakers look to accelerate the pace of decarbonization, Emera is aligned and well positioned to help lead the energy transition in a way that never loses sight of affordability and reliability for customers while continuing to deliver long-term value to shareholders.”

Q1 2021 Financial Results

Q1 2021 reported net income was $273 million, or $1.08 per common share, compared with net income of $523 million, or $2.14 per common share, in Q1 2020.

Reported net income for Q1 2020 included $321 million of earnings related to the gain on sale of the Emera Maine business, net of tax and transaction costs. In addition, $23 million of after-tax impairment charges were recognized on certain assets in Q1 2020.

Q1 2021 adjusted net income was $243 million, or $0.96 per common share, compared with $193 million, or $0.79 per common share, in Q1 2020.

Growth in quarterly adjusted net income was largely due to increased earnings at Emera Energy Services (“EES”), increased earnings at Peoples Gas (“PGS”) and Tampa Electric, and lower corporate interest and operating, maintenance and general expenses (“OM&G”), partially offset by a stronger CAD.

Strengthening of the CAD exchange rates decreased reported net income by $11 million and decreased adjusted net income by $9 million in Q1 2021 compared to Q1 2020.

Outlook

Emera’s $7.4 billion capital investment plan over the 2021-to-2023 period, and the potential for additional capital opportunities of $1.2 billion over the same period, results in a forecasted rate base growth of 7.5 per cent to 8.5 per cent through 2023. Emera is on track to invest more than $2 billion in 2021, increasing rate base by 6 per cent to $22.5 billion. The capital investment plan continues to include significant investments across the portfolio in renewable and cleaner generation, reliability and integrity investments, infrastructure modernization and customer-focused technologies.

Emera’s capital investment plan is being funded primarily through internally generated cash flows and debt raised at the operating company level. Equity requirements in support of our capital investment plan are expected to be funded through the dividend reinvestment plan, the issuance of preferred equity and the issuance of common equity through our at-the-market program. Maintaining investment-grade credit ratings is a priority of management.

Emera has provided annual dividend growth guidance of four to five per cent through to 2022.

Consolidated Financial Review

The following table highlights significant changes in adjusted net income from 2020 to 2021.

Segment Results and Non-US GAAP Reconciliation

Non-GAAP Measures

Emera uses financial measures that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities. Emera calculates the non-GAAP measures by adjusting certain GAAP and non-GAAP measures for specific items the Company believes are significant, but not reflective of underlying operations in the period. Refer to the Non-GAAP Financial Measures section of our Management's Discussion and Analysis ("MD&A") for further discussion of these items.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.

Teleconference Call

The company will be hosting a teleconference today, Wednesday, May 12, at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the Q1 2021 financial results.

Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.

A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 and entering pass code 7046138.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.

Emera Inc.
Investor Relations
Dave Bezanson, VP, Investor Relations & Pensions
902-474-2126
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Erin Power, Director, Investor Relations
902-428-6760
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HOUSTON--(BUSINESS WIRE)--#RBL--Opportune LLP is pleased to announce that Jonathan Harms has been promoted to Managing Director. Mr. Harms brings 15 years of structuring/transaction experience in upstream and midstream capital products, commodities risk management instruments, and off-balance sheet finance structures to the firm where his principal focus will be guiding companies through the financial complexities of the existing industry environment, corporate restructurings, transactional due diligence and advising on Chapter 11 bankruptcies.

“Jonathan brings a unique perspective from his previous roles, which included deploying capital in upstream and midstream finance, dealing with the same complexities as the clients he will now work with in an advisory capacity,” said Opportune Partner Sean Clements. “He is a welcome addition to the Opportune team as we help clients navigate the current energy industry environment.”

Before joining Opportune, Mr. Harms was a founding member of Madava Financial where he helped start an energy-lending specialty finance company. His main focus has been capital solutions for middle-market oil and gas producers and midstream companies. As a principal, Mr. Harms has deployed billions into the upstream and midstream sectors through a spectrum of capital products ranging from commodity prepays/VPPs to traditional RBL facilities to subordinated debt and equity.

“Opportune has built an incredible team and has been on a remarkable growth trajectory, attributes which were key to my decision to join the company,” added Mr. Harms. “As our clients continue to face increasingly complex issues in the ever-evolving energy industry landscape, I look forward to working collaboratively with my colleagues to help our clients achieve success in this challenging environment.”

Mr. Harms began his career with Wells Fargo's Energy Lending Group where he focused on reserve-based loans for upstream borrowers. He later joined Macquarie's commodities group focusing on reserve-based loans, off-balance-sheet financing solutions, and structured derivative finance products. He then moved to Morgan Stanley helping to build a $1.5 billion+ buy-side upstream RBL and mezzanine book.

Mr. Harms holds B.S. and B.A. degrees from Colorado State University.

About Opportune LLP

Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services. Opportune’s service lines include complex financial reporting, dispute resolution, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax, transactional due diligence and valuation. For additional information, please visit www.opportune.com.

Bryan Sims
713-490-5050
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DUBLIN--(BUSINESS WIRE)--The "Small Hydropower Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The global small hydropower market was evaluated at US$2.825 billion for the year 2019 growing at a CAGR of 3.12% reaching the market size of US$3.503 billion by the year 2026.

Small hydropower is the development of hydroelectric power on a smaller scale to serve a local community, a small business, or an industry. The plant usually produces a lesser amount of electricity with 15-20 MW being the upper limit. These plants are usually installed in existing water supply networks or small streams. The demand for small hydropower plants has also increased because they have a negligible environmental impact. Moreover, the rapid depletion of fossil fuels across the world has been a tailwind to the demand for renewable sources of energy.

The market for small hydropower plants is expected to witness significant growth during the forecast period owing to the rising demand for electricity and increasingly stringent government regulations and initiatives to promote the use of renewable resources across several countries. The rising environmental concern across the world has paved the path for the growth of the renewable energy sector over the years. Furthermore, the concerns due to the rising GHG emissions have increased the need for green sources of energy. The demand for these resources has increased exponentially in recent years with the implementation of a significant number of projects globally.

The rise in the demand for energy for various applications is due to the increasing global population with the need to shift towards renewable sources of energy. The small hydropower plants are appropriate for produce supportable as well as an inexpensive source of energy in emerging and rural areas owing to their lesser investment costs, better efficiency, versatility, and also due to their renewable nature. Furthermore, government initiatives with monetary concessions have promoted the use of renewable sources of energy. Moreover, the increasing demand for renewable sources of energy has increased the generation significantly over the years. For instance, according to a report by the International Energy Agency (IEA), hydropower generation has increased substantially from 3902 TWh in 2015 to 4333 TWh in 2019. Additionally, according to the report, hydropower is the world's largest source of renewable electricity generation with a global installed hydropower capacity of 1307 GW in 2019.

The advent of COVID-19 hurt the small hydropower market since the pandemic brought the activities in several end-use industries to a standstill globally which restricted the project construction, exploration and production, gas transportation, and storage activities. After the initial lockdown period, some of the activities were allowed but with restrictions and certain protocols that were required to be followed like the refinery will be operated with a lesser capacity which will require less labor to come in contact, and social distancing was required to be maintained in the premises as well. A significant shift was noticed in several industries using hydropower for various applications. The investments witnessed a downturn during the period as well which restricted the ongoing projects and activities. With the industries recovering after the pandemic gradually, the renewable energy industry is expected to operate in full capacity starting from the third and fourth quarters of 2021. This will further help in the recovery of the small hydropower market.

Companies Mentioned

• Voith GmbH & Co. KGaA
• ANDRITZ
• GENERAL ELECTRIC
• TOSHIBA CORPORATION
• Siemens Gas and Power GmbH & Co. KG
• BHEL
• Gilkes Hydro
• Natel Energy, Inc.
• FLOVEL Energy Private Limited
• SNC-Lavalin Group

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis

5. Small Hydropower Market Analysis, by Type

5.1. Introduction

5.2. Mini Hydropower

5.3. Micro Hydropower

6. Small Hydropower Market Analysis, by Capacity

6.1. Introduction

6.2. Up to 1 MW

6.3. 1-10 MW

7. Small Hydropower Market Analysis, by Application

7.1. Introduction

7.2. Civil Construction

7.3. Power infrastructure

7.4. Others

8. Small Hydropower Market Analysis, by Geography

8.1. Introduction

8.2. North America

8.3. South America

8.4. Europe

8.5. Middle East and Africa

8.6. Asia Pacific

9. Competitive Environment and Analysis

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. Company Profiles

10.1. Voith GmbH & Co. KGaA

10.2. ANDRITZ

10.3. GENERAL ELECTRIC

10.4. TOSHIBA CORPORATION

10.5. Siemens Gas and Power GmbH & Co. KG

10.6. BHEL

10.7. Gilkes Hydro

10.8. Natel Energy, Inc.

10.9. FLOVEL Energy Private Limited

10.10. SNC-Lavalin Group

For more information about this report visit https://www.researchandmarkets.com/r/ja4q8z

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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● First-of-its-kind “Energy as a Service” fleet electrification infrastructure project integrates solar photovoltaic canopies, onsite generation, battery energy storage, microgrid controls, and electric bus chargers ensuring the fleet’s continuous operation regardless of utility outages

● Project to deliver sustainable and resilient energy and charging infrastructure supporting at least 44 electric buses at Brookville Smart Energy Bus Depot

● Electrification of buses backed by expanded renewable energy advances Montgomery County’s goal of net zero carbon emissions by 2035

SILVER SPRING, Md.--(BUSINESS WIRE)--AlphaStruxure, a leader in Energy as a Service (EaaS) solutions, today announced an agreement to deploy an integrated microgrid and electric bus charging infrastructure project for Montgomery County, Maryland. The project will enable at least 44 buses in Ride On Montgomery County’s transit fleet to transition from diesel to electric, advancing the County’s goal to reach net zero carbon emissions by 2035, reducing lifetime emissions by over 155,000 tons, while delivering resilience to climate events and power outages.

The Brookville Smart Energy Bus Depot is a first-of-its-kind integration of microgrid and EV charging infrastructure, delivering sustainability, reliability and resilience for the County’s public transportation system. AlphaStruxure, a joint venture of Schneider Electric and the Carlyle Global Infrastructure Opportunity Fund, will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. The project is designed to deliver benefits and outcomes including:

❖ Bus Electrification: Enabling the County’s transition from fossil fuel buses to electric buses with a customized energy and infrastructure solution

❖ Environmental Sustainability: 62 percent carbon emissions reduction with electric buses powered by the microgrid and lifetime greenhouse gas benefit of over 155,000 tons

❖ Climate Resilience & Operational Reliability: Ensures uninterrupted bus services during any long-term power outages caused by severe weather as well as any short-term disturbances or perturbations of the utility grid

❖ Flexible Fleet Operations: Avoidance of utility demand charges and time-of-use tariffs provides fleet operations with ultimate dispatch flexibility

❖ Financial Benefits: Energy as a Service approach eliminates upfront cost to the County for the project including all microgrid and charging infrastructure, and provides long-term cost predictability for energy supply

❖ Economic Development: Creates more than 50 construction jobs

The Brookville Smart Energy Bus Depot will utilize Schneider Electric’s industry-leading EcoStruxure™ platform, including its top-ranked microgrid controllers and electrical distribution equipment. Leveraging strong relationships with industry-leading partners, the project integrates clean energy including solar photovoltaic canopies designed and built by SunPower, AB Energy USA onsite generation with a carbon neutral fuel transition strategy, Dynapower battery energy storage, charging and energy management software, ChargePilot from The Mobility House, and Heliox chargers. Mortenson will provide construction services and Arup will serve as engineer of record. AlphaStruxure will operate the project via a cloud-connected Network Operations Center providing 24/7/365 operations, monitoring and optimization of energy performance.

"This advanced infrastructure project drives forward several of our priorities—converting our fleets to electric, reducing harmful emissions, and ensuring safety and security—in alignment with our ambitious climate goals," said Montgomery County executive, Marc Elrich. "I’m pleased that this project will also improve the County's resilience, so we can continue providing transportation services even in the event of prolonged power outages."

"The Smart Energy Bus Depot project provides a national model for local governments, transit agencies, and the private sector looking to electrify their fleets," said Montgomery County Department of General Services director, David Dise. "Rather than buying the microgrid and charging infrastructure outright, the County partnered with AlphaStruxure, who builds, owns, operates and maintains the system. The County then purchases the electricity and resilience supplied by the microgrid and charging infrastructure on an ongoing basis. This model delivers the supporting infrastructure required to electrify our bus fleet, customized to our specific needs, at no upfront cost while also enhancing resilience and environmental sustainability."

"Electrifying our bus fleets is a necessary step in reducing carbon emissions, which is why the microgrid and electrification project brings us one step closer to meeting our ambitious climate goals," said Montgomery County council president, Tom Hucker. "This project can show a sustainable path for other counties and cities to follow Montgomery County's lead in transitioning away from dirty energy and moving toward electrification."

“We at AlphaStruxure applaud Montgomery County’s continued leadership in sustainability, resilience, and electrification. With transportation now the largest source of U.S. carbon emissions, we believe electrifying vehicle fleets is essential to reducing greenhouse gas emissions in line with the Paris Agreement. However, the availability of sustainable and resilient electricity often poses a major barrier to organizations seeking to migrate fleets off of fossil fuels,” said Juan Macias, CEO, AlphaStruxure. “AlphaStruxure serves as the comprehensive partner for fleet electrification. We’re taking the capital cost, complexity and risk out of electrification for Montgomery County through a powerful integration of technical, financial and contractual solutions.”

“We believe we have the tools to facilitate the transition away from fossil fuels, but organizations are struggling to navigate their options for energy infrastructure improvements,” said Pooja Goyal, co-head of the Infrastructure Group at The Carlyle Group and AlphaStruxure board member. “Carlyle and Schneider created AlphaStruxure to address these challenges with an Energy as a Service offering that we believe is truly unique to the market. We are working alongside our customers and providing a comprehensive solution encompassing technology, ongoing servicing as well as financing. The Montgomery County project illuminates a new pathway to pursue fleet electrification, but it’s only scratching the surface of the outcomes and goals we believe AlphaStruxure can help customers achieve.”

“AlphaStruxure’s microgrid and electrification project and our continued partnership with Montgomery County are more proof points of Schneider Electric’s leadership as the world’s most sustainable company,” said Annette Clayton, CEO & president, Schneider Electric North America and AlphaStruxure board member. “With our innovative Energy as a Service approach we are delivering the triple-bottom-line results for our customers: resilience, cost predictability, and sustainability.”

Beyond microgrid fleet electrification projects, AlphaStruxure partners with energy-intensive and energy-sensitive clients spanning commercial, industrial, government, and critical infrastructure sectors to deliver custom EaaS solutions. Delivering specified outcomes for sustainability, resilience, reliability, and cost-predictability, AlphaStruxure’s EaaS microgrid solutions often integrate additional energy-related technologies including electrical and mechanical upgrades, electrification technologies, charging infrastructure and other advanced systems.

AlphaStruxure is a joint venture between the Carlyle Global Infrastructure Opportunity Fund and Schneider Electric.

About AlphaStruxure

AlphaStruxure delivers customized Energy as a Service solutions that transform sustainability, resilience and reliability into a strategic advantage. Serving energy-intensive private and public sector organizations, AlphaStruxure brings together technical, financial and contractual innovation to meet customers’ current and future energy needs without capital expenditure. AlphaStruxure’s mission is to be the trusted partner in energy transformation, combining Schneider Electric’s industry-leading smart energy management and automation technologies with The Carlyle Group’s comprehensive structuring and financing capabilities. For more information, visit www.AlphaStruxure.com

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $246 billion of assets under management as of December 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs 1,825 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values. www.se.com

Media
Antenna Group for AlphaStruxure
Annika Harper
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Montgomery County
Scott Peterson
+1 (202) 277-9414
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The Carlyle Group
Brittany Berliner
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Dr. Hang Shi focused on leading the battery cell design group

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the appointment of Dr. Hang Shi as Vice President of Cell Engineering. In this role, Dr. Shi will be responsible for leading Romeo Power’s battery cell design group and is expected to play a critical role in the company’s efforts to secure a diverse range of qualified cells for its customers’ EV applications.

Dr. Shi brings a broad range of electrification experience to his new position at Romeo Power, including lithium-ion battery research and development, cell design and pilot line scale up. He is a 30-year veteran in the battery technology industry and studied under world-renowned battery technology researcher, Prof. Jeff Dahn. Dr. Shi has founded and served as CEO and CTO of several key innovators in the field.

At Romeo Power, Dr. Shi will evaluate novel cell design and chemistries with external partners, as well as the viability of new cell technology. He will also be responsible for prototyping Romeo Power’s proprietary chemistry-agnostic distributed cell design and leading commercial cell supplier quality audits.

“We are very excited about Dr. Shi’s vision for the future of Romeo Power’s battery cell design and supply sourcing initiatives,” said Dr. AK Srouji, CTO of Romeo Power. “Dr. Shi has been instrumental in leading battery cell technology over the last three decades and has a proven history in electrification solutions and delivering results. We could not be more pleased to welcome him to lead our battery cell engineering group and consider it a major validation of our technology and opportunity.”

“This is a unique opportunity to transform the commercial and industrial transportation industry while positively impacting our world,” said Dr. Hang Shi. “With Romeo Power’s dedicated commitment to powering the world’s transition to electrification, I look forward to challenging what’s possible as we seek new solutions in the battery technology space and take Romeo Power to the next level.”

About Romeo Power

Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The company’s suite of advanced hardware, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. Romeo Power's 113,000 square-foot manufacturing facility brings its flexible design and development process inhouse to pack the most energy dense modules on the market. To keep up with everything Romeo Power, please follow the company on social @romeopowerinc or visit romeopower.com.

Romeo Power

For Investors
ICR, Inc.
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ICR, Inc.
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ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that the Company will present virtually to the investment community via webcast at the 14^th Annual J.P. Morgan Homebuilding and Building Products Conference on Wednesday, May 19, 2021 at 4:40 p.m. Eastern Time.

The live broadcast of the presentation may be accessed under the events and presentations section of Forestar’s investor site at investor.forestar.com. Listeners are encouraged to go to the site at least five minutes before the scheduled presentation time. A replay of the presentation will also be available on the Company’s investor site within 24 hours of the presentation and may be accessed until June 18, 2021.

About Forestar Group Inc.
Forestar Group Inc. is a residential lot development company with operations in 54 markets in 22 states and delivered 13,155 residential lots during the twelve-month period ended March 31, 2021. The Company is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002.

Investor Relations:
Jessica Hansen, 817-390-8195
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•  First quarter revenue grew $0.9 million to $2.4 million over trailing fourth quarter as market steadily improves
• U.S. market conditions strengthening and market share expanding driving revenue in North America up 74% over trailing quarter
• Tool revenue grew 84% over the trailing quarter while Contract Services revenue was up 19%
• Cost savings efforts and improved revenue resulted in positive cash generation from operations; ended quarter with $2.3 million of cash on hand
• Restructured international team to build market opportunity while expanding relationships with major oil field service companies to deepen market reach

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today reported financial results for the first quarter of 2021 ended March 31, 2021.

Troy Meier, Chairman and CEO, commented, “The pace of activity is encouraging as markets begin to recover. Demand for new Drill-N-Ream^® well bore conditioning tools in North America continued through April as market conditions strengthen. We believe we are also continuing to gain market share in this depressed environment as more operators recognize both the production efficiencies gained and costs saved when using the DNR for their drilling operations. Drill bit refurbishment activity has increased as well during the quarter, with the growing number of drill rigs operating in the U.S.”

He added, “We are bringing back fabricators, advancing new drill bit development and we are making progress on broader marketing and servicing agreements with much larger entities that have the breadth to extend and deepen our market reach. While we are not expecting the market in the U.S. to return to pre-COVID levels, we believe that there is still plenty of room for improvement and more market penetration potential for the DNR. We have also restructured our international development team to improve returns on our investments in those markets while also advancing the agreements needed to gain market share.”

Mr. Meier concluded, “We are optimistic about the recovery supporting growth through 2021. More significantly, we are excited about the changes we are making in the organization and the relationships we are building that we expect to drive significant growth for the Company in the long-term.”

First Quarter 2021 Review ($ in thousands, except per share amounts) (See at “Definitions” the composition of product/service revenue categories.)

Revenue increased sequentially $884 thousand, or 57%, over the trailing fourth quarter as market share and market conditions improved. The year-over-year comparison reflects the impact of the global pandemic on the oil & gas production industry. The market in North America is improving more rapidly than international markets. Revenue in North America increased 74% from increased tool sales, as well as higher royalty and repair fees. Contract Services revenue also improved sequentially reflecting increased drill bit refurbishment. International revenue was relatively unchanged from the trailing fourth quarter as the market recovery is lagging similar to the lag in decline this market had through 2020.

First Quarter 2021 Operating Costs

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure defined as earnings before interest, taxes, depreciation and amortization, non-cash stock compensation expense and unusual items. See the attached tables for important disclosures regarding SDP’s use of Adjusted EBITDA, as well as a reconciliation of net loss to Adjusted EBITDA.

Total operating expenses increased 13% over the trailing fourth quarter, while revenue increased 57% demonstrating the effect of cost reduction efforts and the operating leverage gained from higher volume.

Net loss for the quarter was $1.1 million compared with $0.7 million in the trailing fourth quarter which included a $0.9 million benefit from the government forgiveness of SBA debt. Compared with the trailing fourth quarter, Adjusted EBITDA⁽¹⁾ improved sequentially as a result of increased sales and operating leverage gained from higher volume.

The Company believes that when used in conjunction with measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), Adjusted EBITDA, which is a non-GAAP measure, helps in the understanding of its operating performance.

Balance Sheet and Liquidity

Cash at the end of the quarter was $2.3 million, up from $2.0 million at the end of 2020. Cash provided by operations in the first quarter of 2021 was $139 thousand. Long-term debt, including the current portion at March 31, 2021, was $3.0 million. The $4.2 million long-term financial obligation is related to the future minimum lease payments under the 15-year lease of the Company’s Vernal, Utah property.

Definitions and Composition of Product/Service Revenue:

Contract Services Revenue is comprised of drill bit and other repair and manufacturing services.

Other Related Tool Revenue is comprised of royalties and fleet maintenance fees.

Tool Sales/Rental revenue is comprised of revenue from either the sale of tools or tools rented to customers.

Tool Revenue is the sum of Other Related Tool Revenue and Tool Sales/Rental revenue.

Webcast and Conference Call

The Company will host a conference call and live webcast today at 10:00 am MT (12:00 pm ET) to review the results of the quarter and full year and discuss its corporate strategy and outlook. The discussion will be accompanied by a slide presentation that will be made available prior to the conference call on SDP’s website at www.sdpi.com/events. A question-and-answer session will follow the formal presentation.

The conference call can be accessed by calling (201) 689-8470. Alternatively, the webcast can be monitored at www.sdpi.com/events. A telephonic replay will be available from 1:00 p.m. MT (3:00 p.m. ET) the day of the teleconference until Wednesday, May 19, 2021. To listen to the archived call, please call (412) 317-6671 and enter conference ID number 13718357, or access the webcast replay at www.sdpi.com, where a transcript will be posted once available.

About Superior Drilling Products, Inc.

Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® well bore conditioning tool and the patented Strider^™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.

Additional information about the Company can be found at: www.sdpi.com.

Safe Harbor Regarding Forward Looking Statements

This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, including, without limitations, the continued impact of COVID-19 on the business, the Company’s strategy, future operations, success at developing future tools, the Company’s effectiveness at executing its business strategy and plans, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management, and ability to outperform are forward-looking statements. The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

FINANCIAL TABLES FOLLOW.

⁽¹⁾ Adjusted EBITDA represents net income adjusted for income taxes, interest, depreciation and amortization and other items as noted in the reconciliation table. The Company believes Adjusted EBITDA is an important supplemental measure of operating performance and uses it to assess performance and inform operating decisions. However, Adjusted EBITDA is not a GAAP financial measure. The Company’s calculation of Adjusted EBITDA should not be used as a substitute for GAAP measures of performance, including net cash provided by operations, operating income and net income. The Company’s method of calculating Adjusted EBITDA may vary substantially from the methods used by other companies and investors are cautioned not to rely unduly on it.

For more information, contact investor relations:
Deborah K. Pawlowski, Kei Advisors LLC
(716) 843-3908, This email address is being protected from spambots. You need JavaScript enabled to view it.

NEW YORK--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.

The updated release reads:

LAKEVIEW ENERGY CLOSES A $50 MILLION CAPITAL PARTNERSHIP WITH ORION

Lakeview Energy, LLC. (“Lakeview”) announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners, L.P. (“Orion”) to fund process upgrades at its existing 55 million gallon per year biorefinery in Coshocton, Ohio (the “Plant”). The capital investment will provide energy savings to Lakeview and support a long-term offtake agreement with an industry leading producer of hand sanitizer and other hygiene products. Under this strategic arrangement, Lakeview will supply the offtaker with low carbon United States Pharmacopeia (“USP”) grade ethyl alcohol for use in its various product lines.

Based in Chicago, Illinois, Lakeview is a private renewable energy company that owns a variety of operating biorefineries in the Midwest US. Lakeview has been operating ethanol and biofuel plants since 2011 and acquired the Plant in Coshocton in 2013. With the infusion of Orion’s flexible capital, Lakeview will restart the Plant and produce higher quality USP grade ethanol, as well as fuel grade ethanol and associated co-products. The Plant’s process upgrade projects will be completed in early-2022.

“Our partnership with Orion provides us with the ability to improve the efficiency of the Plant and support the supply of low carbon, high purity alcohols to our new strategic offtake partner,” said Jim Galvin, Lakeview’s CEO. “We are excited to collaborate with Orion, an industry leader in sustainable infrastructure, and this partnership marks Orion’s confidence in our team, industry experience, and mission.”

“Lakeview has successfully proven its ability to capitalize on a growing market while reducing risk via product diversification, and we are extremely excited to start our capital partnership with the team,” said Chris Leary, Investment Partner at Orion. “We also recognize that society is still grappling with social and economic challenges resulting from the COVID-19 pandemic, and we feel proud to be supporting a business that will bring benefit to the local community in the form of new jobs and positive public health attributes.”

Dorsey & Whitney LLP acted as legal counsel to Lakeview and Greenberg Traurig, LLP acted as legal counsel to Orion.

About Lakeview Energy

​Lakeview Energy is a renewable energy company based in Chicago with investments in biofuels, agribusiness, and wind energy. For more information, please visit www.lakeviewenergyllc.com.

About Orion Energy Partners

Based in New York and Houston, Orion is a leading private credit and equity capital partner supporting middle market infrastructure and related companies focused on energy transition and environmental innovation, with firmwide assets under management of more than $2.5 billion. We provide a range of creative financing solutions as an alternative to equity investment and traditional loans. Our target investment sectors include energy efficiency, digital infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation and midstream. Orion manages long-term, committed capital across multiple investment funds, allowing Orion’s team to forge transformational relationships across a diverse group of companies and to be patient and supportive as these organizations execute on their business plans. For more information, please visit www.OrionEnergyPartners.com.

Contact information for Lakeview:
Jim Galvin
CEO
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Contact information for Orion:
Bethany Gorham
+1 (212) 292-0968
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ANNAPOLIS, Md.--(BUSINESS WIRE)--CleanBay Renewables Inc. (CleanBay) today announced that it is working with the Climate Action Reserve (The Reserve) to establish a nitrous oxide (N₂O) avoidance framework and a protocol for carbon credit accounting associated with fuel and fertilizer derived from poultry manure.

The Reserve, the premier carbon offset registry for the North American market, will initially focus on quantifying the emission reductions from the conversion of agricultural byproducts, like poultry manure, into controlled-release fertilizers. The team will also establish mechanisms to calculate the displacement of fossil transport fuels through the use of agriculture-derived renewable natural gas. The end goal is to develop a science-based framework that is applicable across the entire agricultural sector, enabling science-based carbon credit accounting for agricultural N₂O emission reductions.

“Through The Reserve’s independent analysis, we are confident that our process to create renewable natural gas and controlled-release fertilizer from poultry litter will prove to be a sustainable solution to our country’s emissions challenges,” said Thomas Spangler, CleanBay’s Executive Chairman. “Further, The Reserve will help scientifically quantify the amount of greenhouse gas emissions that each of our facilities will reduce, while also developing a carbon credit accounting method for the entire agricultural sector.”

CleanBay is developing a portfolio of bioconversion facilities across the U.S., each of which will recycle more than 150,000 tons of chicken litter annually. By repurposing a potential source of excess nutrients, each facility can generate over 750,000 MMBtus of sustainable renewable natural gas, 125,000 tons of organic, controlled-release fertilizer, and an estimated 500,000 tons of CO₂ equivalent emission abatement that will be available for purchase in carbon markets.

About CleanBay Renewables Inc.

CleanBay is an enviro-tech company founded in 2013 and focused on the sustainable management of waste through anaerobic digestion and nutrient recovery technologies which produce renewable natural gas and controlled-release organic fertilizer. The company’s first bio-conversion facility will be located in Maryland, and the company is actively developing sites for future facilities on the Delmarva Peninsula, in the Southeast, and California. CleanBay’s powerful solution to reduce air, soil and water pollution is sustained by a robust economic model that provides businesses with an opportunity to offset their CO₂ emissions, local farmers with an alternative use for their poultry litter, and a controlled-release fertilizer to increase food production and support healthy soils.

For more information, visit https://cleanbayrenewables.com.

Andy Hallmark
Outreach Director
CleanBay Renewables
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Arrangement highlights plug and play rapid shutdown solutions for commercial PV customers

CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry worldwide leader in Flex MLPE (Module Level Power Electronics), announced that Canadian Solar Inc. has joined the Tigo Enhanced program. Tigo Enhanced makes a clear visual link between the inverter and rapid shutdown devices, giving customers simple, reliable and safe rapid shutdown solutions.

Customers that choose Tigo Enhanced Canadian Solar inverters get the assurance that they will work out of the box with Tigo’s rapid shutdown devices and meet safety code requirements.

“Tigo Enhanced is all about making it easier for our customers to get simple and reliable rapid shutdown solutions,” stated Vincent Ambrose, GM of Canadian Solar North America. “Tigo is a leader in rapid shutdown and we are excited to be working with them to accelerate the adoption of commercial PV.”

Each of Canadian Solar’s inverters that participate in the Tigo Enhanced program have integrated Tigo RSS Transmitters, which work with Tigo’s industry leading TS4-A-F and TS4-A-2F rapid shutdown devices. The inverters are also UL Photovoltaic Rapid Shutdown System (PVRSS) certified with Tigo’s devices, which is required under the National Electrical Code. This program will enable Canadian Solar to enhance its system solutions capability and differentiate their suite of three-phase rooftop solutions on an enhanced LCOE basis.

The following inverters are included:

• 25kW | CSI-25KTL-GS-FLB & CSI-25K-T480GL01-UB
• 30kW | CSI-30KTL-GS-FLB & CSI-30K-T480GL01-UB
• 36kW | CSI-36KTL-GS-FLB & CSI-36K-T480GL01-UB
• 40kW | CSI-40KTL-GS-FLB & CSI-40K-T480GL01-UB
• 50kW | CSI-50KTL-GS-B & CSI-50K-T480GL01-UB
• 60kW | CSI-60KTL-GS-B & CSI-60K-T480GL01-UB
• 66kW | CSI-66KTL-GS-B & CSI-66K-T480GL01-UB
• 75kW | CSI-75K-T480GL02-U
• 80kW | CSI-80K-T480GL02-U
• 90kW | CSI-90K-T480GL02-U
• 100kW | CSI-100K-T480GL02-U

“Canadian Solar is a leader in the industry and we are excited to be working with them to offer customers plug and play rapid shutdown solutions,” stated Dru Sutton, Tigo’s VP of Sales, North America.

Under the program, Canadian Solar will use a Tigo Enhanced label on the inverters and datasheets that integrate Tigo’s rapid shutdown technology.

The UL PVRSS certification is the only guaranteed way to fulfill the safety requirement for PV Rapid Shutdown in the US National Electrical Code, whereby both the inverter and the rapid shutdown device must be tested as a “system”. Rapid shutdown devices are now required with rooftop PV installations across the vast majority of the United States. Similar requirements are being adopted and discussed throughout the world.

The Tigo Enhanced Canadian Solar inverters and Tigo rapid shutdown devices are available for purchase through Canadian Solar. Contact your local Canadian Solar sales representative or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

About Tigo

Tigo is the worldwide leader in flexible module level power electronics (MLPE) with innovative solutions that significantly increase energy production, decrease operating costs, and enhance safety of photovoltaic (PV) systems. Tigo’s TS4 platform maximizes the benefit of PV systems and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on 7 continents and produce gigawatt hours of reliable, clean, affordable and safe solar energy daily. Tigo's global team is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Visit us at www.tigoenergy.com.

About Canadian Solar

Canadian Solar is a single source for solar panels, inverters, services, and more. Canadian Solar simplifies access to solar with a complete system solutions approach; offering dedicated pre-sales, logistics and warranty support — from a local team that really understands solar. Backed by Canadian Solar's global expertise and bankability, Canadian Solar provides long lasting, world class solar solutions both now and for the future. Canadian Solar was founded in Ontario, Canada and is listed on the NASDAQ stock exchange in New York, NY USA. We have over 300 employees in North America staffing our global headquarters and module factory in Guelph, Ontario Canada, as well as sales and development offices throughout the US and Canada. Our local team of expert provides a full suite of solar solutions, as both a module and solar services provider. Visit us at csisolar.com/na

Media Contact for Tigo
John Lerch
408.402.0802 x430
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Media Contact for Canadian Solar
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BOSTON--(BUSINESS WIRE)--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.’s (NYSE: FE) Pennsylvania utilities — Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”) — to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auction scheduled for June 28, 2021.

The bidding process will use a descending-price clock auction format. The auction will be managed by Independent Evaluator and Auction Manager CRA International, Inc. The auction is being conducted pursuant to FirstEnergy’s Pennsylvania Default Service Program (DSP‑V) as approved by the Pennsylvania Public Utility Commission. This is the next auction in the DSP‑V auction series that began in October 2018.

The Information Session for prospective bidders for the June auction is scheduled for Wednesday, May 12, 2021. Instructions on how to join the Webcast session are available on the Information Website at http://www.fepaauction.com/Documents/BidderInformationSessions.aspx.

Part 1 Applications from prospective bidders will be accepted starting May 13 and are due no later than May 25. For successful Part 1 applicants, the submission window for the Part 2 Application process will be June 1 through June 15.

The product each of the four Companies is procuring in the June DSP‑V Commercial (Fixed-Price) auction is the 3‑month commercial class contract (delivery period September through November 2021).

Additional information about the auction process can be found at the Information Website at www.fepaauction.com.

About CRA International, Inc. and its Auctions & Competitive Bidding Practice

CRA is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com. Follow us on LinkedIn, Twitter, and Facebook. CRA’s Auctions & Competitive Bidding Practice offers businesses, governments, bidders, and other market participants extensive experience in auction and market design, implementation, monitoring, and participation. More information about CRA’s Auctions & Competitive Bidding Practice is available at www.auctions.crai.com.

Media Relations
Charles River Associates
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617-425-6453

Nicholas Manganaro
Sharon Merrill Associates, Inc.
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617-542-5300

• Thousands of operating hours demonstrate the success of joint efforts to optimize Jenbacher gas engines for use in SynCraft wood gas power plants.
• INNIO is supplying Jenbacher gas engines for two new SynCraft wood gas power plants in Upper Austria
• New joint projects planned for Germany and outside Europe

JENBACH, Austria--(BUSINESS WIRE)--INNIO Jenbacher receives two new orders to supply gas engines for innovative SynCraft wood gas power plants. As a result, the two Tyrolean companies, who have collaborated on successful joint projects for many years, have set another milestone in the growing use of biomass for power generation. SynCraft wood gas power plants equipped with Jenbacher gas engines are already successfully operating in Austria, Germany, Italy, Croatia, Switzerland, and Japan, with new projects in Germany, Austria, and Japan currently at an advanced stage of planning.

Exemplary wood gas power plant projects

INNIO will supply two Jenbacher J412 gas engines, each with an electrical output of 500 kW, for the two new SynCraft wood gas power plants in Upper Austria. Each year the two units will process a total of 6,000 metric tons of residual wood from the wood industry into 7,000,000 kWh of renewable power and 10,000,000 kWh of heat. The two power plants will generate a total 7,000 metric tons of CO₂ savings¹ annually.

They are of a similar scale to the recently commissioned wood gas power plant belonging to Croatian furniture manufacturer TERSA which is installed in the old warehouse at its former sawmill. Here a total of up to 3,000 metric tons of residual wood are converted into 3,000,000 kWh of power, 4,500,000 kWh of heat energy, and 400 metric tons of biochar each year, saving a total² of up to 3,000 metric tons of CO₂ annually. The wood gas power plant has a total efficiency of up to 92%.

SynCraft and INNIO Jenbacher are also currently in the final phase of installing one of the world’s largest gas engine-powered wood gas power plants, with an electrical output of 4 MW, in Frauenfeld, Switzerland. Future plans call for 25,000 metric tons of residual, storm-damaged or infested wood to be used to generate energy at the innovative, jointly optimized facility, supplying the city of Frauenfeld and a local sugar factory with environmentally friendly and sustainable power and heating.

Exploiting synergies for green power generation

The use of biomass for decentralized power and heat generation is an increasingly important aspect of the energy transition and associated decarbonization. In contrast to wind and sun, regrowing raw materials such as wood are constantly available and can be used in the form of wood gas to generate power and heat in SynCraft wood gas power plants operated using Jenbacher gas engines. Wood gas has a hydrogen content of around 40%. These plants achieve a fuel utilization rate of up to 92%, as well as offer another valuable advantage: in contrast to conventional plants, they produce high quality biochar, rather than ash.

INNIO Jenbacher and SynCraft collaborate closely to develop their products in terms of output, efficiency, and lifecycle costs, while simultaneously achieving the highest possible levels of plant availability, in order to optimize the overall cost effectiveness of the wood gas power plant.

“SynCraft is dedicated to exploiting synergies. INNIO Jenbacher is an excellent partner to raise awareness around the world of the enormous potential of biomass for power generation and cooperating to build innovative and highly efficient wood gas power plants,” says Marcel Huber, SynCraft founder and CEO.

“I am delighted that the results of our long and close collaboration with SynCraft are being so well received in the industry. We will continue to use our synergies and expand our collaboration, jointly driving the energy transition by efficiently exploiting the renewable energy source wood in the form of wood gas ,” explains Carlos Lange, President and CEO of INNIO.

In 2021, EcoVadis awarded INNIO a silver medal to honor its engagement for a climate-neutral, greener, and more secure energy future. This places INNIO Jenbacher in the top 17% of its peers working towards sustainability.

About INNIO

INNIO is a leading provider of renewable gas, natural gas, and hydrogen-based solutions and services for power generation and gas compression at or near the point of use. With our Jenbacher and Waukesha gas engines, INNIO helps to provide communities, industry, and the public access to sustainable, reliable, and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions for the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by decarbonization, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

About SynCraft

High-efficiency, resource-friendly, and climate-positive energy production:
For over ten years now, SynCraft, the Austrian high-tech company based in Schwaz, Tyrol, has been building and installing climate-positive energy systems around the world which use forest residual wood to generate power, heat, and valuable biochar. In 2020 alone, the company commissioned as many turnkey plants as in the first ten years since its founding in 2009, including projects in Japan. It is currently completing its 26th energy system. In 2020 the company received two prestigious awards, the Energy Globe Award, and the TRIGOS Award, for its innovative technology which is the result of years of internal research and development activities.

_____________________________
¹ Compared to electricity generated from natural gas (499 g CO₂e/kWh) and heat production (280 g CO₂e/kWh) and to a reduced Carbon Removal Factor for the generated charcoal of 3:1 (CO₂:C).
² Compared to electricity generated from natural gas (499 g CO₂e/kWh) and heat production (280 g CO2e/kWh) and a reduced Carbon Removal Factor for the generated charcoal of 3:1 (CO₂:C).

Susanne Reichelt
INNIO
+43 664 80833 2382
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DUBLIN--(BUSINESS WIRE)--The "Ultrasonic Flowmeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global ultrasonic flowmeter market reached a value of US$ 1.53 Billion in 2020. Looking forward, the publisher expects the global ultrasonic flowmeter market to exhibit moderate growth during the next five years.

An ultrasonic flowmeter is a device that is used to measure the quantity of a liquid or gas that is moving through a pipe. The device measures the fluid velocity which further calculates the motion of gas or any liquid flowing. The velocity of the material flowing is measured with the help of ultrasonic transducers. Along with liquid, one can also measure the velocity of molten sulphur, chemicals, cryogenic liquids and even gases. This device generally works on three different principles namely transit time difference, doppler effect principle, and open channel principle. Ultrasonic flowmeters are mainly used in industries like wastewater, chemical, food and beverages, mining, metals, pharmaceuticals, power generation, paper and pulp industry, etc.

The accuracy of the ultrasonic flowmeters in taking measurements and calculating the velocity of the fluids is a key factor that is driving its demand. The high efficiency and accuracy of ultrasonic flowmeters can be attributed to the fact that they do not suffer mechanical wear and tear, do not cause a drop in the pressure of the fluid flowing through the pipe, and can be used for bidirectional measurements as well. Ultrasonic flowmeters are playing a major role in making bidirectional measurements that can be done with clamp-on flowmeters. Another major factor that is driving the demand of ultrasonic flowmeters is their non-invasive nature. These flowmeters do not require to come in contact with the fluid or involve cutting of the pipe in order to take the measurements. They are highly accurate, reliable and require low-maintenance. Moreover, the rising number of refineries catalyzed by increasing energy demand is also driving the demand of ultrasonic flow meters.

Companies Mentioned

• Asea Brown Boveri Ltd.
• Badger Meter Inc.
• Emerson Electric Co.
• Emerson Process Management
• Faure Herman SA
• General Electric
• Hach/Marsh McBirney Inc.
• Honeywell International Inc.
• Index Corporation
• Invensys Process Systems
• Rockwell Automation Inc.
• Siemens AG
• Teledyne Isco Inc.
• Yamatake Co
• Yokogawa Electric Co

Key Questions Answered in This Report:

1. What was the global ultrasonic flowmeter market size in 2020?

2. What will be the ultrasonic flowmeter market outlook during the forecast period (2021-2026)?

3. What are the major trends in the global ultrasonic flowmeter market?

4. What are the global ultrasonic flowmeter market drivers?

5. What is the impact of COVID-19 on the global ultrasonic flowmeter market?

6. What is the global ultrasonic flowmeter market breakup by product type?

7. What is the global ultrasonic flowmeter market breakup by number of paths?

8. What is the global ultrasonic flowmeter market breakup by technology type?

9. What is the global ultrasonic flowmeter market breakup by distribution channel?

10. What is the global ultrasonic flowmeter market breakup by application?

11. What are the major regions in the global ultrasonic flowmeter market?

12. Who are the leading ultrasonic flowmeter manufacturers?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Ultrasonic Flowmeter Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Product Type

5.5 Market Breakup by Number of Paths

5.6 Market Breakup by Technology Type

5.7 Market Breakup by Distribution Channel

5.8 Market Breakup by Application

5.9 Market Breakup by Region

5.10 Market Forecast

5.11 SWOT Analysis

5.12 Value Chain Analysis

5.13 Porters Five Forces Analysis

6 Market Breakup by Product Type

6.1 Spool Peice

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Insertion

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Clamp-On

6.3.1 Market Trends

6.3.2 Market Forecast

6.4 Others

6.4.1 Market Trends

6.4.2 Market Forecast

7 Market Breakup by Number of Paths

7.1 3-Path Transit Time

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 4- Path Transit Time

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 5- Path Transit Time

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 6 or More Path Transit Time

7.4.1 Market Trends

7.4.2 Market Forecast

8 Market Breakup by Technology Type

8.1 Transit Time - Single/Dual Path

8.2 Transit Time - Multipath

8.3 Doppler

8.4 Hybrid

9 Market Breakup by Distribution Channel

9.1 Direct Sales

9.2 Independent Representatives

9.3 Distributors

9.4 Online

10 Market Breakup by Application

10.1 Natural Gas

10.2 Non-Petroleum Liquid

10.3 Petroleum Liquid

10.4 Others

11 Market Breakup by Region

11.1 Asia Pacific

11.2 North America

11.3 Europe

11.4 Middle East and Africa

11.5 Latin America

12 Ultrasonic Flowmeter Manufacturing Process

12.1 Product Overview

12.2 Raw Material Requirements

12.3 Manufacturing Process

12.4 Key Success and Risk Factors

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/2epsoj

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Strategic transaction strengthens Resource Innovations’ deep clean energy industry experience by adding Nexant’s technical expertise, infrastructure, and industry-leading software capabilities

The founding documents for the combined company outline a commitment to diversity through a majority-women board of directors

SAN FRANCISCO--(BUSINESS WIRE)--Resource Innovations, a woman-led energy consulting company, today announced it is adding energy services and software firm Nexant, Inc. to the organization. The combined company will result in a powerful yet nimble organization for driving best-in-class energy and software solutions to utilities and energy consumers.

The experienced Resource Innovations management team, led by Chief Executive Officer Lauren Casentini, will leverage the complementary capabilities and cultures of each legacy company to drive even greater impact and results for clients. Once combined, Resource Innovations and Nexant increase the company’s product portfolio offerings and strengthen each other. The combined organization has innovative leaders across demand side management and smart grid sectors, with tremendous potential to bring clients new tech-enabled solutions for emerging market needs such as demand response, distributed energy resources, and electric vehicles.

“A paradigm shift is happening in the way we generate, transmit, distribute, and use energy,” Casentini said. “We’re excited to welcome Nexant, a company that shares our passion and commitment to delivering innovative clean energy solutions. This combined team of industry experts, supported by tech-enabled capabilities and solutions, is poised to guide the energy industry through the clean and sustainable energy transition.”

“We’re excited to have found in Lauren Casentini and her Resource Innovations team the perfect partners for taking what we have built at Nexant over the last 20 years to the next level,” said Basem Sarandah, founder and CEO of Nexant, Inc. “Lauren has assembled a world-class leadership team for the combined company, and the complementary market profiles of both companies will enable significant growth and new opportunities—creating a true powerhouse for our industry.”

Resource Innovations’ proven leadership team and track record of growth and success, combined with Nexant’s industry-leading technical, engineering, and software expertise, will result in a full suite of integrated energy solutions. The companies share similar mission-driven and client-centric cultures.

Resource Innovations was founded by women and uniquely led by an all-women C-suite with decades of industry expertise. The combined company maintains a commitment to meeting clients’ diversity goals, building from Resource Innovations’ national diversity leadership and recognition as the 15th fastest growing private company by Inc. Magazine in 2020. The company will leverage this success to accelerate energy innovation and make clean and sustainable energy more available, accessible, and affordable.

Resource Innovations is bringing capital and equity alongside BV Investment Partners to fund the transaction, and the combined company will remain women led and controlled. The broader platform of the combined company will bring the backing of the investment community to advance diversity in the energy industry with a ground-breaking agreement that establishes diversity metrics into the legal structure and makeup of the combined company. Additional commitments include maintaining a majority-women board of directors; expanding leadership and executive opportunities to diverse candidates; increasing subcontractor, vendor, and partner diversity; and inclusive company policies and practices.

"The strengths of Resource Innovations and Nexant as legacy companies are clear, and we couldn’t be more supportive of Lauren’s vision for the new, combined company, which is poised for growth,” said Managing Partner of BV Investment Partners Justin Harrison. “There is long-term potential in clean and sustainable energy investments, and we’re thrilled about her plan to accelerate innovation in this dynamic industry. We are very pleased to partner with Lauren, whose track record as an innovator speaks for itself, and the Resource Innovations and Nexant teams as they embark on this journey.”

The new Resource Innovations now has an unprecedented opportunity to drive innovation in energy efficiency, demand response, and emerging sustainable energy markets.

“Through a strong, supportive and inclusive culture, our combined team will be empowered to continue innovating and delivering results to meet the needs of our energy industry clients,” said Casentini.

ABOUT RESOURCE INNOVATIONS AND NEXANT TOGETHER

Resource Innovations now combined with Nexant is a substantially woman-owned, woman-led energy consulting firm dedicated to creating equal access to clean resources through diverse partnerships. The company's deep roots and broad expertise in resource efficiency, policy development, coalition and partnership building, and market-based technology support enable the delivery of high-performing clean energy solutions. Nexant brings over 20 years of industry experience in demand-side management, grid management, and renewables, as well as a comprehensive suite of software designed to support these initiatives.

For more information about Resource Innovations and Nexant joining forces, visit www.resource-innovations.com.

Media Contact
Caroline Hutcheson, TrailRunner International
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Largest Wind Farms in Michigan to Serve DTE’s Commercial and Industrial Customers

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Apex Clean Energy today announced the closing of the sale of the Isabella Wind I and II projects to DTE Energy, Michigan’s leading producer of renewable energy, and the start of commercial operations for the facilities. The wind farms, totaling 383 MW and located in Michigan’s Isabella County, are the largest clean energy facilities in the state and in DTE’s portfolio. Apex developed and managed construction of the wind farms, which DTE will operate.

“With stakeholders at every level—from localities and utilities to power buyers and the statehouse—helping drive the transition to clean energy in the Great Lakes State, Apex and DTE brought to life the largest wind projects in the history of Michigan,” said Mark Goodwin, Apex Clean Energy president and CEO. “Alongside partners like DTE, we will continue to pioneer the new energy economy, both in Michigan and beyond.”

The Isabella Wind projects will serve commercial and industrial customers—including Ford, General Motors, and the University of Michigan—who have enrolled in MIGreenPower, DTE’s voluntary renewable energy program.

The projects were supported by a construction loan from KeyBank and CoBank, ACB as coordinating lead arrangers, Rabobank as joint lead arranger, and Sumitomo Mitsui Trust Bank as lender.

The Isabella Wind facilities will generate approximately $30 million in tax revenue for the local community, $100 million in landowner payments over the lifetime of the project, more than 350 jobs during construction, up to 20 long-term operations and maintenance positions, and enough clean energy to power the equivalent of 86,000 average U.S. homes. The wind farms will also displace nearly 700,000 tons of carbon dioxide annually, according to the EPA’s AVERT tool.

About Apex Clean Energy
Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 250 renewable energy experts uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information on how Apex is leading the transition to a clean energy future, visit apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn.

About DTE Energy
DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects, renewable natural gas, natural gas pipelines, gathering and storage, and energy marketing and trading. As an environmental leader, DTE will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com.

Apex Clean Energy
Cat Strumlauf
Director | Corporate Communications
(434) 227-4196
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DTE Energy
Cindy Hecht
Corporate Communications
313-235-5555
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One million Sonix IQ meters to help increase safety and reliability in 20-year technology and services agreement

RYE BROOK, N.Y.--(BUSINESS WIRE)--#LetsSolveWater--Xylem Inc. (NYSE: XYL), a leading global water and resource management technology company, is working with FortisBC Energy Inc. in British Columbia to deploy a Sensus advanced gas meter network. FortisBC serves more than one million natural gas customers across 135 communities in Canada’s westernmost province.

Through its Advanced Gas Meters project, FortisBC will address the need to modernize its metering infrastructure and enhance the resilience of its gas system. Pending regulatory approval, the project will provide the ability to better monitor and manage its system, and offer additional safety features.

FortisBC plans to deploy the Sensus FlexNet^® communication network and approximately one million Sonix IQ^TM ultrasonic, residential gas meters. The FlexNet system will provide the utility secure, reliable, near real-time customer usage data from advanced meters and sensors over an encrypted wireless network. The Sonix IQ goes beyond precise, ultrasonic measurement to include smart-sensing safety features such as:

• remote shutoff
• continuous health checks on pressure and temperature
• theft and tamper detection

“FortisBC exemplifies an innovative utility widening its view of what’s possible from advanced metering technology. They’re making their system smarter, safer and more sustainable while empowering their customers to better understand and track energy usage,” said Colin Sabol, senior vice president and president, Xylem Measurement & Control Solutions. “We’re proud to help FortisBC with this important work.”

The 20-year agreement includes Managed Services and Software as a Service (SaaS) solutions, which allows Xylem to maintain and perform upgrades so the utility can focus on what it does best: providing safe, reliable energy.

Subject to regulatory approval and other conditions precedent, meter deployment should begin in 2023.

Learn more about advanced gas meter technology in this video.

About Xylem

Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our more than 16,000 diverse employees delivered revenue of $4.88 billion in 2020. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com

About Sensus

Sensus, a Xylem brand, provides remotely-managed products and solutions that deliver the right data at the right time for investor-owned utilities, cooperatives and municipalities. As part of Xylem’s digital portfolio, our smart devices connect with a variety of communication technologies to help customers make timely decisions that optimize electric, gas and water systems. Learn more at sensus.com.

Media
Houston Spencer, +1 (914) 240-3046
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