PG&E has already restored power to approximately 74% of customers affected by the Oct. 21 PSPS
12 Community Resource Centers Open Until 10 p.m. Tonight and Re-Opening at 8 a.m. Friday to Provide Customers with Water, Restrooms, Device Charging and More
Potential Future PSPS Update: Another Wind Event Expected Sunday Morning Which Could Mean Turning Off Power to Customers in Targeted Portions of Select Counties
SAN FRANCISCO--(BUSINESS WIRE)--By late Friday (Oct. 23), Pacific Gas and Electric Company (PG&E) expects to restore power to essentially all the 31,000 PG&E customers in seven counties who are affected by the Public Safety Power Shutoff (PSPS) that began on Wednesday (Oct. 21).
PG&E turned off the power to these customers, the majority living in Shasta, Butte and Tehama counties, to protect their safety and the safety of their communities because of strong, windy weather that elevated the risk of wildfires in Northern and Central California. Due to changing weather conditions Wednesday evening, PG&E was able to decrease customer impact by another 16% than previously estimated, removing about 6,000 customers and eight counties from the scope.
PG&E meteorologists forecast that the strongest winds will subside Friday morning, enabling crews to begin patrolling power lines (by air, vehicle and on foot) to ensure that no damage or hazards exist before those lines can be re-energized and those customers restored. PG&E expects all customers who can receive service will be back in power by 10 p.m. Friday.
Meanwhile, PG&E meteorologists are monitoring an additional potential wind event due to arrive Sunday. Although it’s still three days away and weather conditions can rapidly change, it has the potential to be a larger scale event than the PSPS event that began Wednesday, Oct. 21. Tomorrow, the company plans to begin notifications two days in advance of the event for potentially impacted customers indicating the possibility of another power shutoff for safety Sunday morning.
“Our crews have been patrolling lines in helicopters, in vehicles, and on foot today and will continue into Friday in order to safely restore customers’ power as soon as possible. We know that being without power represents a hardship, especially for customers who might have to lose power a second time within a week. We are making every effort to restore power by Friday at latest so that our customers can run their appliances, recharge their devices and do what’s needed before the power potentially goes off again on Sunday morning,” said Mark Quinlan, a PG&E senior director and incident commander for the PSPS events.
Here are some updates related to the two PSPS events:
Current Oct. 21-23 Public Safety Power Shutoff
The PSPS that began Wednesday evening remains in place for some customers and PG&E is continuing to monitor conditions across the de-energized areas.
The top three recorded wind gust speeds by noon today were 56, 52 and 45 miles per hour. in Shasta, Butte and Yolo counties respectively, with humidity and fuel moisture levels remaining low.
Crews have already restored power to about 74 percent of customers affected by the Oct. 21 PSPS, with about 8,000 customers remaining as of 7:30 p.m.
Community Resource Centers
To support our customers, beginning Wednesday, PG&E planned to open 20 Community Resource Centers (CRCs) that operate from 8 a.m. to 10 p.m. through the current PSPS event. However, seven of these locations were cancelled last night after the weather risk lessened and those areas were removed from the event scope as they did not have to be de-energized. An additional CRC closed once all customers in Glenn County were restored this evening. Thirteen temporary CRCs are now open to customers when power is out at their homes and provide ADA-accessible restrooms, hand-washing stations, medical-equipment charging, Wi-Fi; bottled water, grab-and-go bags and non-perishable snacks.
PG&E will also open CRCs for affected customers should the potential Oct. 24-26 PSPS come to fruition.
For updates on the CRCs, check here.
Potential Future Oct. 24-26 Public Safety Power Shutoff
PG&E meteorology is tracking and forecasting a potential PSPS event encompassing areas and adjacent terrain of the northern and western Sacramento Valley, Northern and Central Sierra, higher terrain of the Bay Area, the Santa Cruz Mountains, Central Coast Region and portions of southern Kern.
Support for Customers with Medical Needs
In order to support customers during both PSPS events, PG&E is also partnering with 30 community-based organizations (CBOs) to assist customers with medical, financial, language and aging needs before, during and after PSPS events. These activities include:
Details about these resources are at our website at pge.com/disabilityandaging.
So far in 2020, more than 1,000 portable batteries have been provided to vulnerable customers via the CFILC’s Disability Disaster Access and Resources Program and through PG&E’s Portable Battery Program.
Here’s Where to Go to Learn More
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS
415-973-5930
MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE: REI) ("Ring Energy" or the "Company"), today announced it has entered into a definitive agreement with institutional investors for the purchase and sale of $18 Million of (i) 12,000,000 Common Shares, (ii) 9,052,630 Pre-Funded Warrants and (iii) 21,052,630 Common Warrants at an effective combined purchase price of $0.855 per unit in a registered direct offering priced at-the-market. The Common Warrants will have an exercise price of $0.855 per share, are exercisable immediately and have a term of five years. The closing of the offering is expected to occur on or about October 26, 2020, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-237988) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995 that involve a wide variety of risks and uncertainties, including, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2019, its Form 10-Q for the quarter ended June 30, 2020, and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.
K M Financial, Inc.
Bill Parsons, 702-489-4447
LONDON--(BUSINESS WIRE)--#fuel--The Fuel Cards Market is poised to experience spend growth of more than USD 167 billion between 2020-2024 at a CAGR of over 4.41%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Read the 120-page research report with TOC and LOE on "Fuel Cards Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Fuel Cards Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment
Insights into the Market Price Trends
Insights to help buyers identify and shortlist the most suitable suppliers for their Fuel Cards Market requirements. This procurement report answers the following questions:
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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:
Some of the top Fuel Cards Market suppliers enlisted in this report
This Fuel Cards Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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Red Hook will implement Octopi at two of its terminals by 2021 to enhance visibility and productivity at its locations
OAKLAND, Calif.--(BUSINESS WIRE)--Octopi, part of Navis and Cargotec Corporation, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, announced today that Red Hook Terminals has signed a subscription agreement for Octopi by Navis at its Newark, NJ and Brooklyn, NY locations. Red Hook Terminals selected Octopi’s cloud-based TOS because it offered a solution that would help its business become more dynamic and remain competitive in the industry.
With over 30 years of experience, Red Hook Terminals is the only terminal operator with facilities in Brooklyn and Port Newark. At its locations, Red Hook is able to handle any size or type of cargo to serve beneficial cargo owners and shippers east and west of the Hudson River, as well as regions north and south. To remain competitive in the evolving industry, Red Hook Terminals was looking to upgrade its TOS at the New York and New Jersey locations to a flexible system that would be able to be deployed with maximum value and little IT investment. As Red Hook Terminal’s business goals were to increase visibility, productivity, and optimize operations at the terminals, Octopi was the only choice to meet their needs with maximum ROI.
“By choosing Octopi’s cloud-based TOS, we will be able to easily transition to a more modern and comprehensive system, which will upgrade our offerings to benefit our business and customers,” said Tom Griffith, Executive Vice President of Red Hook Terminals. “Octopi’s functionality and utilization of real-time data will give us the tools and critical insights into our operation that will allow us to improve productivity and efficiency at our terminals.”
“With Octopi’s innovative TOS, we are able to provide a more affordable and nimble solution to help terminals reach their full business potential with enterprise-level functionality,” said Martin Bardi, Vice President of Global Sales, Octopi by Navis. “We are thrilled to partner with Red Hook Terminals and look forward to helping them transition to a new system to optimize their operations and better serve their customers in the region.”
For more information visit www.navis.com and www.octopi.co.
About Octopi
Octopi is the leading developer of cloud based software solutions for port terminal operators. The Octopi Terminal Operating System (TOS) helps seaport terminal operators manage their operations, track their cargo, and communicate electronically and in real-time with their commercial partners. The Octopi TOS provides small terminal operators the agility and adaptability required to modernize and efficiently run their operational ecosystem. www.octopi.co
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimize global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totaled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
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Geena Pickering
Affect
T+1 212 398 9680
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30 MWs expected to be online by Summer 2021
Located near renewable wind projects whose output is frequently congested
Environmentally advantaged & low-cost investment approach
NEW YORK--(BUSINESS WIRE)--SER Capital Partners, LLC (“SER”), a sustainable-investment focused private equity firm, has acquired three project companies from HGP (“HGP”), a Texas-based energy developer, in September 2020. As part of its investment, SER also entered into a strategic arrangement with LG Chem, Ltd. (“LG Chem”), a leading lithium-ion battery supplier to ensure the most environmentally sustainable, safest, and lowest cost equipment to serve its Texas customer base.
Sara Graziano, Partner of SER, said: “We believe that the acquisition of HGP’s provides an optimal path for SER to sustainably invest in Texas. These projects will help Texas integrate renewables and reduce fossil-fueled pollutants while improving the environment and providing economic benefits and jobs to the region. Further, our partnership with LG Chem gives us access to innovative, safe, and cost-effective equipment to deploy on these projects.”
“We have been working in the power markets for over 20 years and have seen firsthand the disruption that renewables and intermittent resources have had,” said Greg Forero, HGP Co-founder, and President. “As we move to a truly clean energy future and progress through the lifecycle of energy transition, our work alongside that of Perfect Power, a portfolio company of SER, will continue to focus on identifying the best in class assets that improve grid resiliency and achieve meaningful economic returns while accelerating the decarbonization of our energy grids.”
Rahul Advani, Managing Partner of SER added: “In closing on its second investment within the past three months and committing approximately $70 million of equity capital, SER has distinguished itself as a credible partner to talented management teams and to limited partner investors seeking PE investment opportunities tied to sustainability.”
Metric Point Capital acted as the exclusive placement agent for the fundraise.
About SER Capital Partners
SER Capital Partners is an independent, middle-market private equity firm dedicated to investing in North America’s sustainable industrial, environmental, and renewable businesses. Over the past two decades, its team members have amassed successful experience in its targeted sectors as private equity investors and senior executives at both private and public businesses. The firm’s strategy is to create attractive investments while also authentically measuring and improving sustainability. SER team members are also committed to aligning interests across its investors, team members, portfolio companies, and communities. More is available at www.sercapitalpartners.com.
About LG Chem
LG Chem is one of the world's largest lithium-ion battery manufacturers with a market-leading position in advanced batteries for grid-scale, residential storage, and automotive applications. Our advanced lithium-ion battery technology is the product of 26 years of experience in the development and production of mobile batteries and large format batteries for automotive and energy storage systems (ESS). LG Chem's commitment to technology leadership coupled with efficient and high-quality manufacturing processes produces batteries that exhibit the highest levels of safety, performance, and reliability. For more information about LG Chem's ESS Battery, please visit www.lgessbattery.com.
About HGP
HGP storage is a development and investment company focusing on building decentralized and distributed storage resources to achieve a decarbonized energy future. HGP storage was founded by a veteran team of energy and commodity executives, power system specialists, and engineers to provide Energy As A Service (EAAS) assets and storage solutions.
Metric Point Capital (Member FINRA and SIPC)
Metric Point Capital (“Metric Point”) is a capital advisory and placement firm specializing in raising institutional capital for alternative investment managers. Fund and co-investment assignments include leveraged buyouts, energy, real estate, infrastructure, royalties, mining, credit, and distressed debt, among others. Metric Point advises on all aspects of the fundraising process, including competitive positioning, preparation of marketing materials, comprehensive strategic fundraising planning, and distribution. The firm has professionals located in New York, Stamford, Chicago, Los Angeles, and Austin.
Rahul Advani
SER, Managing Partner
This email address is being protected from spambots. You need JavaScript enabled to view it.
(415) 873-1015
Sara Graziano
SER, Partner
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(212) 482-2118
Alex Leykikh
Metric Point, Partner
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(860) 478-7359
DUBLIN--(BUSINESS WIRE)--The "Sustainable Aviation Fuel Market by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel), Biofuel Manufacturing Technology, Biofuel Blending Capacity, Platform, Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The sustainable aviation fuel market is projected to grow from estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period.
This growth can be attributed to factors, such as increasing need for reduction in GHG emissions in aviation industry, increasing air passenger traffic, high fuel efficiency of renewable jet fuel.
The sudden outbreak of COVID-19 has adversely impacted the aviation sector in 2020. The immediate lockdown in various nations across the globe, bans on domestic and international flights during the lockdown, air travel restrictions on non-essential travel, temporary halts in production and manufacturing activities, and limited workforce as per new government norms to prevent the spread of the disease have led to delays in the deliveries of aircraft in the first and second quarter of 2020 as well as delays in the research and development activities.
Based on fuel type, the biofuel segment is estimated to lead the sustainable aviation fuel market during the forecast period
Based on fuel type, the biofuel segment of the sustainable aviation fuel market accounts for the largest share during the forecast period. The greatest potential of biofuel lies in its ability to significantly reduce GHG emissions in the aviation sector and positively impact climate change. The strong and ongoing commitment of the aviation sector and the active involvement of an increasing numbers of stakeholders such as airlines and many aviation organizations to develop biofuel through voluntary initiatives has been a major driving force behind biofuel development and consumption. The production of biofuel is expected to scale up rapidly in the coming decade due to rapid developments in technological pathways to commercialize the use of alternative jet fuel.
Based on biofuel manufacturing technology, the hydro processed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is estimated to lead the sustainable aviation fuel market in 2020
Based on biofuel manufacturing technology, the hydro processed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment of the sustainable aviation fuel market is expected to grow at the highest CAGR during the forecast period. The development and deployment of bio-jet fuels, primarily HEFA bio-jet, has progressed from single demonstration flights by airlines or equipment manufacturers to multi-stakeholder supply-chain initiatives including equipment manufacturers, airlines, fuel producers and airports. This growth can be attributed to the technology being most commercially available for the production of sustainable aviation fuel.
Based on biofuel blending capacity, the 30% to 50% segment is expected to grow at the highest CAGR during the forecast period
Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is expected to grow at the highest CAGR during the forecast period. The moderate blend capacity, drop-in facility in existing fuel systems, supply logistics infrastructure, and aircraft fleet allow to minimize the overall cost and cater to the volume demands from commercial and military aviation.
Based on platform, the commercial aviation segment is estimated to lead the sustainable aviation fuel market during the forecast period
Based on platform, the commercial aviation segment of the sustainable aviation fuel market accounts for the largest share during the forecast period. The growth of this segment can be attributed to the increase in the aircraft fleet of emerging economies in the commercial aviation sectors. The initiatives taken by the various commercial airlines, commercial airports, and aircraft manufacturers across the globe in adoption of renewable jet fuel is driving the growth of this segment in sustainable aviation fuel market.
Market Dynamics
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ipfvex
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DUBLIN--(BUSINESS WIRE)--The "Global Diesel Bottled (Aftermarket) Fuel Additives Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The diesel bottled (aftermarket) fuel additives market is poised to grow by $ 167.59 mn during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report on diesel bottled (aftermarket) fuel additives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high consumption of diesel bottled fuel additives due to rising vehicle population and an increase in marine trading and logistics activities. In addition, high consumption of diesel bottled fuel additives due to the rising vehicle population is anticipated to boost the growth of the market as well.
This study identifies the increasing demand for biodiesel as one of the prime reasons driving the diesel bottled (aftermarket) fuel additives market growth during the next few years.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading diesel bottled (aftermarket) fuel additives market vendors that include Afton Group, BASF SE, Callington Haven Pty. Ltd., Chevron Corp., Cummins Inc., Evonik Industries AG, LIQUI MOLY GmbH, Lucas Oil Products Inc., The Lubrizol Corp., and Total SA.
Also, the diesel bottled (aftermarket) fuel additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End user
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/bib8m0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--The Business Intelligence Group named Zen Ecosystems’ Zen Loop the Sustainability Product of the Year in the 2020 Sustainability Awards program. The Sustainability Awards honor those people, teams and organizations who have made sustainability an integral part of their business practice or overall mission.
Recently, Zen launched a new suite of sophisticated grid integration services for energy distributors and commercial customers. The new service includes their patented software application called Zen LOOP, which delivers intelligent demand management of distributed energy resources (DERs). Zen LOOP can intelligently respond to electric utility pricing signals, demand response programs, and many other energy or weather-related inputs to reduce energy use and peak demand charges, at a single location, or across a portfolio of buildings, driving significant energy savings, greenhouse gas reductions, and even create new recurring revenue streams.
“Zen Loop has allowed us to assist our customers in reducing their carbon footprint and save energy while still maintaining comfort in their sites. Innovative algorithms like Zen Loop are crucial to maintaining grid reliability and stability as we head towards a carbon neutral economy” said James Muraca, VP of Product at Zen Ecosystems.
“We are proud to reward and recognize Zen Ecosystems’ Zen Loop for their sustainability efforts,” said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. “It was clear to our judges that their vision and strategy will continue to deliver results toward a cleaner, more sustainable world. Congratulations!”
About Zen Ecosystems
Zen Ecosystems provides intelligent energy management solutions for businesses and consumers. Zen HQ is an energy management system designed for the unique needs of businesses and utilities to provide insights and control over multi-site commercial energy usage while delivering the fastest payback in the market. The Zen Thermostat is a beautiful, simple connected device for home and business that also enables multi-system operators to enhance the customer experience. Zen Ecosystems was recognized in 2018 as the Gold Stevie Award Winner for Energy Industry Innovation of the year. In 2019, Zen was recognized again as a Gold Stevie Award winner for Company of the Year in Energy followed by winning the People’s Choice Award in the Energy Category. In 2020, their Zen Loop was recognized by the American Business Awards with a Bronze Stevie Award in the Energy Innovation of the Year as well as Bronze Stevie Award in Company of the Year in Energy. Learn more at http://zenecosystems.com.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
Nicole Ricouard
Marketing Director
Zen Ecosystems
949-359-8208
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Maria Jimenez
Chief Nominations Officer
Business Intelligence Group
1 909-529-2737
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CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the nation's largest recreational boat and yacht retailer, today announced that the Company will hold a webcast to review its fourth quarter and full year fiscal 2020 results on Wednesday, October 28, 2020, at 9:00 a.m. Eastern Time.
To access the webcast, please visit the investor relations section of the Company's web site: http://www.marinemax.com. The on-line replay will be available for a limited time beginning within one hour of the conclusion of the call.
The Company will release its fourth quarter and full year fiscal 2020 financial results prior to the market open on Wednesday, October 28, 2020.
During the call, it is possible that the Company may make public disclosure of material nonpublic information and may make forward-looking statements regarding the Company's business, operations, and financial condition.
About MarineMax
Headquartered in Clearwater, Florida, MarineMax is the nation’s largest recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Hatteras, Azimut Yachts, Benetti, Ocean Alexander, Galeon, Grady-White, Harris, Bennington, Crest, MasterCraft, MJM Yachts, NauticStar, Scout, Sailfish, Scarab Jet Boats, Tige, Yamaha Jet Boats, Aquila, Aviara, and Nautique. MarineMax sells new and used recreational boats and related marine products and services, as well as provides yacht brokerage and charter services. MarineMax currently has 77 retail locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington and Wisconsin. MarineMax also owns Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies with operations in multiple countries. The Company also owns and operates MarineMax Vacations in Tortola, British Virgin Islands. MarineMax is a New York Stock Exchange-listed company. For more information, please visit www.marinemax.com.
Michael H. McLamb
Chief Financial Officer
727-531-1700
Media:
Abbey Heimensen
MarineMax, Inc.
Investors:
Brad Cohen or Dawn Francfort
ICR, LLC
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TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE:WPX) plans to discuss its third-quarter 2020 financial and operations results during a webcast on Tuesday, Nov. 3, 2020, beginning at 10 a.m. Eastern.
Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance.
Investors are encouraged to access the event and the corresponding slides at www.wpxenergy.com. The slides for the event will be posted on WPX’s website on Monday, Nov. 2, 2020, at 4:15 p.m. Eastern.
A limited number of phone lines also will be available at (833) 832-5123 for analysts who want to ask a question.
International callers should dial (469) 565-9820. The conference identification code is 1245245.
About WPX Energy, Inc.
WPX is an independent energy producer with core positions in the Permian and Williston basins. WPX’s production is approximately 80 percent oil/liquids and 20 percent natural gas. The company also has an infrastructure portfolio in the Permian Basin. Visit www.wpxenergy.com for more information.
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future drilling and production are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, the volatility of oil, natural gas and NGL prices; uncertainties inherent in estimating oil, natural gas and NGL reserves; drilling risks; environmental risks; political or regulatory changes; and disruptions to general economic conditions, including disruptions attributable to pandemics such as the COVID-19 pandemic. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by WPX Energy on its website or otherwise. WPX Energy does not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events or otherwise. Investors are urged to consider carefully the disclosure in our filings with the Securities and Exchange Commission, available from us at WPX Energy, Attn: Investor Relations, P.O. Box 21810, Tulsa, Okla., 74102, or from the SEC’s website at www.sec.gov.
MEDIA CONTACT:
Kelly Swan
(539) 573-4944
INVESTOR CONTACT:
David Sullivan
(539) 573-9360
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) announced today that it plans to issue its earnings release with respect to third quarter 2020 financial and operating results on Friday, November 6, 2020, before market opens. Additionally, the Company will host a conference call on Friday, November 6, 2020 at 9:00 a.m. Central Time.
Those wishing to listen to the conference call may do so via the Company’s website www.northernoil.com or by phone.
Conference Call and Webcast Details:
Date: |
November 6, 2020 |
|
Time: |
9:00 a.m. Central Time |
|
Dial-In: |
(866) 373-3407 |
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International Dial-In: |
(412) 902-1037 |
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Conference ID: |
13712449 |
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Webcast: |
Replay Information:
A replay of the conference call will be available through November 16, 2020 by dialing:
Dial-In: |
(877) 660-6853 |
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International Dial-In: |
(201) 612-7415 |
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Conference ID: |
13712449 |
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.
More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.
Mike Kelly, CFA
EVP, Finance
(952) 476-9800
This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#oilandgasspecialtymaintenanceservices--The Oil And Gas Specialty Maintenance Services market will register an incremental spend of about $ 9 billion, growing at a CAGR of 9.34% during the five-year forecast period. A targeted strategic approach to Oil And Gas Specialty Maintenance Services sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Download free sample pages
Key benefits to buy this report:
Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment
SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Oil And Gas Specialty Maintenance Services market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Oil And Gas Specialty Maintenance Services market. The report also aids buyers with relevant Oil And Gas Specialty Maintenance Services pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo
SpendEdge
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ESPOO, Finland--(BUSINESS WIRE)--#CFBC--Sumitomo SHI FW (SFW) has been awarded a contract by Sappi Europe to modernize an existing circulating fluidized bed (CFB) boiler, which will result in a 30% CO2 emissions reduction at the Gratkorn Pulp & Paper mill.
SFW will design, supply and erect the project, which includes modifications to the lower furnace, new heat shift system, biomass feeding system, bottom ash extraction system, and emissions control system, as well as dismantling and commissioning. The modernization will allow the plant to completely shift from coal to multiple sustainable and renewable fuels. The new emissions control system include bag filters and selective non-catalytic reduction (SNCR), which will ensure the plant meets the newest Best Available Technologies (BAT) standards, especially regarding dust and NOx emissions.
“SFW’s mission is to help our customers achieve their climate targets efficiently and cost-effectively. With this project, Sappi will be one step closer to achieving their decarbonization commitments, while reaping the benefits of reliable energy supply and extending the lifetime of their current assets”, says Kari Kohvakka, SVP Service at SFW.
The project will be completed at the end of 2021.
Sumitomo SHI FW (SFW) is a global, innovative provider of energy and environmental technologies and services focusing on high efficiency and flexible generation of energy. Our solutions expand from our world-leading circulating fluidized bed (CFB) technology, to long-duration energy storage solutions (Liquified Air Energy Storage), flue gas cleaning, gasification, waste heat boilers and a full spectrum of services for the global power and industrial markets.
We strive to provide sustainable energy solutions for a wide portfolio of customer needs in the fields of power generation, storage and network services. Sumitomo SHI FW’s quality and service rely on our 1,500 talented people with deep know-how and experience in the industry.
For more information visit www.shi-fw.com
Sumitomo SHI FW
Jan Rogers, +1-908-713-3288
DUBLIN--(BUSINESS WIRE)--The "Oil Cleaning Market - By Technology: Global Industry Perspective, Comprehensive Analysis And Forecast 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
According to the report, global demand for oil cleaning market is expected to grow at a CAGR of around 5.6% between 2020 and 2026.
Oil is neutral and non polar chemical substance, viscous in nature and mainly used in different industries including marine, aerospace, automotive, production and manufacturing. Oil is used for smoothing the functioning of machinery and motors. Oil cleaning is the process to purify the oil by eliminating the impurities such as sludge, water contaminants, acids, solid particles and traces of fuels. Oil cleaning machine pass the oil to the purifier by using the engine pressure. Oil is filtered in the purifier and contaminants ranging greater than one micron are removed. These filters are recyclable and can be changed when the contamination limit is crossed. Oil cleaning system can be directly fitted to the engine.
The report provides a comprehensive view on the oil cleaning market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the oil cleaning market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the oil cleaning market during the forecast period.
Rising demand for oil from the automotive and machinery industry drive the growth of oil cleaning market. Constant development of oil cleaning system has increased the demand for the oil cleaning equipment. Moreover, low operating cost, escalating concern for recycle technology and demand for high quantity of oil is expected to boost the growth of oil cleaning market. However, low acceptance of oil cleaning technologies from the emerging countries may impede the growth of oil cleaning market. Lack of awareness about oil cleaning technologies is likely to hamper the growth of oil cleaning market. Nevertheless, rapid industrialization and developing urbanization in the developing countries is anticipated to open new opportunities in the forecast period.
Based on technology, oil cleaning market segmented into offline filter, glass fiber pressure filter, hydraulic bypass, vacuum filter, centrifugal separator, glass fiber pressure filter, and electrostatic filter. Centrifugal oil cleaning emerged as the potential segment for the oil cleaning while hydraulic bypass and magnetic filtration are the recently developed techniques. Oil cleaning has wide range of applications and used as clean oil in turbine, motors, machinery, automotive, cement, plastic modeling and forging, defense, aerospace and casting among others.
North America and Europe together holds the largest share of oil cleaning market owing to developed industry and high demand for oil. Asia Pacific and Middle East are expected to grow at faster pace due to rapidly growing commercialization and increasing adoption of the oil cleaning equipment.
Key Topics Covered:
1. Preface
1.1. Report Description and Scope
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2. Executive Summary
2.1. Oil Cleaning Market, 2016 - 2026 (USD Million)
2.2. Oil Cleaning Market: Snapshot
3. Oil Cleaning Market - Industry Analysis
3.1. Oil Cleaning Market: Market Dynamics
3.2. Market Drivers
3.2.1. Rising demand for oil from the automotive and machinery industry
3.2.2. Constant development of oil cleaning system
3.3. Restraints
3.3.1. Low acceptance of oil cleaning technologies from the emerging countries
3.3.2. Lack of awareness about oil cleaning technologies
3.4. Opportunities
3.4.1. Rapid industrialization and developing urbanization in the developing countries
3.5. Porter's Five Forces Analysis
3.6. Market Attractiveness Analysis
4. Oil Cleaning Market- Competitive Landscape
4.1. Company market share analysis
4.1.1. Global Oil Cleaning Market: company market share, 2019
4.2. Strategic development
4.2.1. Acquisitions & mergers
4.2.2. New Product launches
4.2.3. Agreements, partnerships, collaborations and joint ventures
4.2.4. Research and development and Regional expansion
4.3. Price trend analysis
5. Global Oil Cleaning Market -technology Analysis
5.1. Global Oil Cleaning Market overview: by technology
5.2. Offline Filter
5.3. Glass Fiber Pressure Filter
5.4. Hydraulic Bypass
5.5. Vacuum Filter
5.6. Centrifugal Separator
5.7. Glass Fiber Pressure Filter
5.8. Electrostatic Filter
6. Global Oil Cleaning Market - Application Analysis
6.1. Global Oil Cleaning Market overview: by Application
6.2. Turbine
6.3. Motors
6.4. Machinery
6.5. Automotive
6.6. Cement
6.7. Plastic Modeling
6.8. Forging
6.9. Defense
6.10. Aerospace
6.11. Casting
6.12. Others
7. Global Oil Cleaning Market - Regional Analysis
7.1. Global Oil Cleaning Market overview: by Region
7.1.1. Global Oil Cleaning Market share, by Region, 2019 and 2026
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Latin America
7.6. The Middle East and Africa
8. Company Profiles
8.1. Clean Oil technology AB
8.2. Trident Engineering
8.3. Kleenoil Filtration Ltd.
8.4. Puradyn Filter technologies Inc.
8.5. Kleentek
8.6. Ferrocare Machines Pvt. Ltd
8.7. KlassicKlarul Filters Private Ltd
8.8. Triple R Co. Ltd
For more information about this report visit https://www.researchandmarkets.com/r/87ehf9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DUBLIN--(BUSINESS WIRE)--The "Thermal Energy Storage Market by Technology (Sensible, Latent, Thermochemical), Storage Material (Water, Molten Salts, PCM), Application (Power Generation, District Heating & Cooling, Process Heating & Cooling), End User and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global thermal energy storage market size is projected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025, at a CAGR of 14.4% from 2020 to 2025.
The rising number of CSP projects across globe are driving demand for thermal energy storage. The Middle Eastern & African and American countries, such as the US, Morocco, South Africa, and the UAE, are experiencing an upsurge in the demand for electricity for district heating & cooling, and process heating & cooling applications.
The latent heat storage segment is expected to be the fastest-growing of the thermal energy storage market, by technology, during the forecast period.
Latent heat storage has the advantage of storing large amounts of heat with only small temperature changes and, therefore, has a high storage density. Phase change materials work on constant temperature, both while charging and discharging. The use of phase change materials can be found in solar energy storage systems for water heating, greenhouses, space heating and cooling, cooking, and waste heat recovery systems.
Americas: The fastest market for thermal energy storage.
Americas is the fastest-growing market for the thermal energy storage market. The growth of the market in the region is driven by the launch of various CSP projects and propelling demand for thermal energy storage for district heating & cooling applications. The US has been a pioneering market for concentrating solar power technology, with CSP installations since the 1980s. The stellar decline in solar PV prices took the attention away from the CSP industry, although project developments continued. The US is the only significant market in the region, with virtually no action in South America and Canada in the near future. However, Chile has some operational thermal energy projects and leads the market in South America with CSP installations for mining and utility-scale power supply.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/gxppka
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the third quarter 2020 after the close of the New York Stock Exchange (NYSE) on Thursday, November 5.
The following morning, on Friday, November 6, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present.
The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the "Investor Relations" section.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate & Marketing Communications, (972) 443-6644
Selected as One of Four Companies for Innovative Clean Technology Solution to Lower Carbon Emissions
NEW YORK--(BUSINESS WIRE)--#energyefficiency--COI Energy has been named one of four winners of the 76West Clean Energy Business Competition. Nineteen semifinalists out of 183 applicants worldwide competed and COI Energy was awarded $500,000 to further develop its clean technology solution to lower carbon emissions and increase energy efficiency in buildings.
COI Energy has developed and deployed the first digital energy platform that successfully brings utilities and businesses together to detect, as well as eliminate, energy waste in buildings which in turn optimizes interactions with the electric grid. COI Energy will use the funding to deliver new features that will help businesses better manage energy demand, lower their carbon footprint in addition to increasing product sales.
“I’m truly honored that COI Energy was selected as a winner of the 76West Clean Energy Business Competition. This award is an acknowledgement of the tireless work my team has put in to bring our innovative clean technology to market,” said SaLisa Berrien, founder and CEO of COI Energy. “With these funds, COI Energy will be able to deliver 2.75GW of clean energy solutions to the electric grid from buildings, gift at least 500 homes from disadvantaged communities with clean energy solutions, and reduce the carbon footprint of businesses on our platform by 25 percent.”
The 76West Clean Energy Business Competition fosters cleantech economic development while expanding innovative entrepreneurship and economic growth in the Southern Tier. The program and resulting innovative initiatives support Governor Andrew M. Cuomo’s climate and clean energy goals as outlined in the nation-leading Climate Leadership and Community Protection Act that has set New York State on a path to a carbon-neutral economy.
Doreen M. Harris, Acting President and CEO of NYSERDA said, “Congratulations to SaLisa Berrien and the COI Services Energy team on becoming a 76West winner. Lowering carbon emissions from buildings is one of the most important areas for New York to address as it works to support Governor Cuomo’s efforts to fight climate change and their technology will help businesses realize tangible, cost saving results with energy management solutions.”
ABOUT COI ENERGY
Founded in 2016, COI Energy offers innovative technology solutions to electric utility companies that help improve the energy performance of its small to medium businesses, industrial, and commercial clients.
The company’s solutions focus on eliminating energy waste by optimizing energy behaviors with the ability to monetize energy assets for use with Demand Response, Energy Efficiency, and Renewable Energy markets. For additional information, contact us at 855.983.4667.
Sara Parvez, COI Energy, This email address is being protected from spambots. You need JavaScript enabled to view it.
The highest benefits for Colorado in terms of consumer costs, job creation and GHG emissions is when all of the electricity companies in Colorado join the Western Energy Imbalance Market.
BOULDER, Colo.--(BUSINESS WIRE)--#cleanenergy--A new study commissioned by Holy Cross Energy (HCE) and the Intermountain Rural Electric Association (IREA) finds that by enabling more efficient and transparent transmission coordination across Colorado the average residential electricity customer could save $255 per year by 2040 compared with today1. This amounts to an annual electricity cost saving across Colorado of $1.76 billion. The coordination of electric grid investments across Colorado also facilitates integration to Western electricity markets, and creates 70,000 new jobs while reducing annual greenhouse gas emissions (GHG) from the electricity sector by 73% from 2005 levels2.
The modeling, prepared by Vibrant Clean Energy LLC, further finds that Colorado fares better if all the utilities and cooperatives join either the SPP organized WEIS (Western Energy Imbalance Service) or the CAISO organized WEIM (Western Energy Imbalance Market). The most beneficial option is for all of Colorado to join the CAISO WEIM, as it provides lower costs, further reduces Colorado customer bills, enables Colorado to sell its wind and solar electricity to more customers, and grows local jobs across the state, particularly in rural areas. The integration of Colorado with the CAISO WEIM increases cost savings for Colorado consumers by $270 million annually and creates 6,000 additional new jobs in Colorado. It also facilitates an easier transition to meet the aggressive State-mandated GHG emission reduction requirements in recently passed state legislation, HB19-1261.
“The Colorado electricity sector can more cost-effectively lead the State’s transition to a clean energy future when we can participate in a regional electricity market with coordinated transmission access and planning across the State,” said Bryan Hannegan, CEO of Holy Cross Energy. Patrick Mooney, CEO of IREA, added that “The key is to have fixed or zonal transmission tariffs across Colorado with all entities having equal access to a system developed through coordinated regional or statewide planning.”
The modeling used nationally recognized economic inputs as well as bespoke inputs from the recent Brattle report commissioned by Xcel Energy3. The study utilized the VCE® WIS:dom®-P optimization software to evolve the Western US along with SPP from 2020 through 2040. It combines production cost and capacity expansion to ensure power is supplied everywhere for every 5-minute interval without fail.
According to Dr Christopher Clack, CEO of VCE®, “The study strongly suggests that Colorado can be a key participant in Energy Imbalance Markets, but the benefits are amplified for all regions if the state acts in a unified manner. Furthermore, there are clear steps that the state can take on its own that will benefit all Coloradans without risking reliable, clean and affordable electricity across the state. These benefits will sharply increase if the Energy Imbalance Market advance into full Regional Transmission Organization.”
The study shows that over 1,000 MW of low-cost, clean, renewable wind and solar could be left undeveloped if Colorado continues along its current path. Moreover, local distributed solar PV and storage combine to unlock more flexibility when transmission access is improved.
“The path forward to reducing GHG emissions, lowering electricity costs and increasing jobs across Colorado now has clear steps. Using this study as a guide, Colorado can improve transmission access and tariffs within its borders before all electricity companies join the same Energy Imbalance Market,” said Hannegan. “The final step would be a fully developed Regional Transmission Organization across the West.”
About Holy Cross Energy: Founded in 1939, Holy Cross Energy is a not-for-profit rural electric cooperative that provides safe, reliable, affordable and sustainable energy and services that improve the quality of life for more than 43,000 members and their communities in Western Colorado. Committed to leading the responsible transition to a clean energy future, HCE was named the 2020 Electric Cooperative of the Year by the Smart Electric Power Alliance for their work in clean energy. For more information on HCE, please visit www.holycross.com.
About Intermountain Rural Electric Association: Intermountain Rural Electric Association’s 5,000-square-mile service territory includes portions of 11 counties to the east, west and south of Denver. With more than 160,000 customers, IREA is the largest electric distribution cooperative in Colorado and one of the largest in the United States. As a customer-owned cooperative, IREA operates on a nonprofit basis; earnings exceeding expenses are invested in the facilities used to provide electric service and are booked as member equity. For more information on IREA, please visit https://irea.coop/.
About Vibrant Clean Energy: A nationally recognized energy grid modeling firm based in Boulder, Colorado. VCE® creates computer optimization software to study pathways for energy systems futures. It also performs studies using WIS:dom® to provide expertise in new arenas of electrification, decarbonization and variable resources. The mission of VCE® is to help facilitate universal, sustainable, and cheap energy for everyone. For more information on Vibrant Clean Energy, please visit https://www.vibrantcleanenergy.com.
This press release can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/10/CO-EIM-Options-PressRelease.pdf
The study report can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/10/CO-EIM-Options-Report.pdf
The accompanying presentation can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/10/CO-EIM-Options-Presentation.pdf
The WIS:dom®-P model output spreadsheets can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/10/CO-EIM-Options-Spreadsheets.zip
_________________
1 https://www.eia.gov/electricity/sales_revenue_price/
2 https://www.colorado.gov/pacific/cdphe/colorado-greenhouse-gas-reports
3 From docket 19M-0495E: https://brattlefiles.blob.core.windows.net/files/19235_joint_dispatch_agreement_energy_imbalance_market_participation_benefits_study.pdf
Sarah McKee (DOO Vibrant Clean Energy LLC)
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its third-quarter 2020 financial results before the market opens on Thursday, November 5, 2020, and host a conference call that morning for investors and analysts.
Time: |
10:00 a.m. ET |
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Dial-in numbers: |
(877) 709-8155 (U.S. and Canada) |
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(201) 689-8881 (International) |
The call also will be webcast live and archived on the Investor Relations section of the Global Partners website, https://ir.globalp.com.
About Global Partners LP
With approximately 1,550 locations primarily in the Northeast, Global is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit https://www.globalp.com/.
Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800
Edward J. Faneuil
Executive Vice President,
General Counsel and Secretary
Global Partners LP
(781) 894-8800
CLEVELAND--(BUSINESS WIRE)--Eaton today announced the launch of its Brightlayer digital foundation, a major step in its transformation into an intelligent power management company. By leveraging Brightlayer, Eaton is enabling customers to optimize how power is used, stored and distributed through data and insights from secure, connected and intelligent assets.
“Eaton is transforming into an intelligent power management company,” said Aravind Yarlagadda, chief digital officer, Eaton. “We’re leveraging digital technologies like connected devices, cloud and mobile platforms, artificial intelligence and machine learning at scale, to transform power management. This makes power safer, more sustainable and efficient for our customers and partners. Brightlayer is the digital foundation for this transformational journey.”
With the Brightlayer foundation for intelligent power management, Eaton has leveraged its more than 100 years of power management expertise to help customers make their operations more efficient through the use of data and insights.
The Brightlayer digital foundation is comprised of 4 layers: data, platform, solutions, and experience. Customers have the ability to engage with any of the layers – whether accessing data from existing assets, leveraging Eaton’s digital platform and unique artificial intelligence and machine learning algorithms to deliver insights, or implementing Eaton’s suite of industry-focused intelligent power management solutions.
The data layer allows customers to access data from any Eaton or third-party connected device for use in existing applications. The platform layer is comprised of a set of open, extensible development components that are leveraged by Eaton and also available for customers and partners to enable the delivery of intelligent power management solutions to market. The solutions layer represents integrated suites of digital solutions that provide data and insights to industry-specific power management challenges, starting with utilities, data centers and industrial markets and expanding into adjacent industry markets. The experience layer is where customers, partners and developers can discover, buy, develop and collaborate on new value through intelligent power management solutions.
“Customers are increasingly prioritizing access to secure, real-time data, with the connected intelligent power management technologies they rely on,” said Yarlagadda. “Brightlayer makes it easier for them to realize the operational value of the intelligent, actionable insights they can get from that data.”
To learn more, visit Eaton.com/Brightlayer. To learn about Eaton’s full range of innovative power management technologies, visit Eaton.com.
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.
Katy Brasser, (216) 232-8869
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