PORTLAND, Ore.--(BUSINESS WIRE)--Triple Oak Power LLC (“TOP”) announced today its formation, as well as underlying capital commitment from EnCap Investments L.P. (“EnCap”), a leading provider of equity capital to the independent sector of the U.S. energy industry. Yorktown Partners LLC (“Yorktown”), an energy-focused private equity firm, Mercuria Energy and TOP management will also invest in the company by providing additional growth capital.
Headquartered in Portland, Oregon, TOP will focus on developing high quality onshore wind and other competitive carbon-free power to accelerate the U.S. transition to renewable energy and help shape a more diverse, reliable, and sustainable power grid. TOP’s root strategy lies in filling the gap between early stage volatility in the development process to delivering the certainty of shovel-ready utility-scale wind facilities.
“Triple Oak Power’s deep, end-to-end expertise in the wind development value chain and unique strategic vision are a natural fit with the EnCap Energy Transition portfolio of industry innovators,” said EnCap Energy Transition Managing Partner Kellie Metcalf. “We’re excited about TOP’s ability to develop wind projects that lead to cost-effective, high-capacity solutions that will complement the continued growth of solar and battery storage.”
TOP is taking a creative approach to a proven business model, delivering well-positioned wind energy projects at a time when low-cost clean energy and local economic development are especially critical. TOP’s three key goals are meeting customers’ increasing demand for affordable zero carbon electricity, investing in rural economies seeking financial recovery and stability, and providing a platform for established capital partners to directly participate in the clean energy transition.
“Initially we’ll target markets with demonstrated momentum toward clean energy, including those supported by renewable energy standards or where economics are attractive to the expanding customer demand for a sustainable power supply,” said TOP Chief Executive Officer Jesse Gronner. “We’re also poised to efficiently take advantage of the growing shift away from older conventional power generation where, for example, retiring coal plants are creating transmission availability for cleaner energy capacity.”
The team at Triple Oak is led by co-founding partners Jesse Gronner, CEO, and Kenneth Labeja, CFO. Both recently held leadership roles at Portland-based Avangrid Renewables, a U.S.-based utility-renewable company controlled by Iberdrola SA, a global giant in the renewable sector. Gronner spent almost twenty years at Avangrid and its predecessor, PPM Energy, most recently as the vice president of development for all U.S. renewables. At Avangrid and PPM, he placed more than 5 gigawatts of wind and solar into operation and has built his career on the full development cycle, from landowners’ living rooms to investors’ Board rooms. Labeja started his career as an auditor with KPMG in Uganda. He later immigrated to the U.S. to pursue an MBA. He has spent more than 15 years in various roles in the energy sector, from energy investment banking to corporate development at firms including Credit Suisse and NRG and recently, at Avangrid Renewables, leading key commercial transactions on both buy and sell sides for utility-scale wind and solar projects.
About Triple Oak Power (TOP)
TOP’s mission is to leverage the enormous potential of our natural resources to create integrated, diverse, and sustainable electricity infrastructure. With many decades of combined experience in the renewable energy sector, the Triple Oak team is focused on building value for investors, communities, and landowners through responsibly developed wind and other carbon-free generation projects. For more information, visit www.tripleoakpower.com.
About EnCap Investments L.P.
Since 1988, EnCap Investments has been the leading provider of venture capital to the independent sector of the U.S. energy industry. The firm has raised 21 institutional investment funds totaling approximately $37 billion and currently manages capital on behalf of more than 350 U.S. and international investors. EnCap has invested capital in more than 240 companies. For more information, visit www.encapinvestments.com.
About Yorktown Partners LLC
Yorktown Partners LLC is an energy-focused private equity firm that has raised $9 billion of capital commitments across thirteen partnerships since 1991. The firm has provided financing and leadership to over 90 companies in the energy industry. Yorktown’s principals are significant investors in their partnerships. Yorktown’s limited partners include endowments, foundations, families, insurance companies, and other institutional investors. For more information, visit www.yorktownenergy.com.
About Mercuria Energy
Founded in 2004, Mercuria is one of the largest independent energy and commodity groups in the world. As an integrated group, Mercuria is present all along the commodity value chain with activities forming a balanced combination of trading flows, strategic assets and structuring solutions. With more than USD 100 billion in turnover, more than 1,000 people are operating from offices worldwide to sustain the group’s extensive business reach with their market knowledge, diversity, and experience. The company maintains a strong presence in the Americas, Asia and Europe. For more information, visit www.mercuria.com.
For Triple Oak Power:
Art Sasse, The Ovation Group
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503.453.0051 m
For EnCap Investments:
Casey Nikoloric, TEN|10 Group
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For Yorktown Partners:
Tomas LaCosta
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For Mercuria Energy:
Matthew Lauer
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DUBLIN--(BUSINESS WIRE)--The "Global Marine Composite Materials Market by Boat Type, Application Type, Material Type, and Region, - Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025" report has been added to ResearchAndMarkets.com's offering.
This report studies the marine composite materials market for the forecast period of 2020 to 2025 at the global, regional, and country-level.
The report provides detailed insights about the market dynamics and competitive landscapes to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. Furthermore, the publisher has exhaustively leveraged their huge marine database, gathered during the preparation of the comprehensive reports on the recreational fiberglass boat market and the marine epoxy resin market, in order to take the veracity of market estimations to the next level.
Companies Mentioned
The global spread of COVID-19 has imprinted an abysmal impact, clinching major economies across the globe. As a result, several industries have had to endure huge repercussions, making drastic changes in the stakeholders' long-term business strategies. The marine industry is no exception. Temporary halts in boat production have caused overall supply chain disruption, creating an obstructive impact on the marine composite materials market as well.
The pandemic's short- as well as long-term reverberations on the demand for marine composite materials are unprecedented. In the short-term, the boat demand is likely to stoop down to 2014-2015 levels, creating a lag of at least 4 to 5 years in the market. With the slow but steady revival in the boat demand, the market is expected to gradually pick up the pace in the long-term, well backed by key factors such as increasing the HNWI population; increasing boating participants in the marine hub, the USA; and increasing penetration of fiberglass boats. Expected healthy recovery in the USA's fiberglass boat market is likely to push the marine composite materials market towards healing, enabling it to cross its 2019-market level by 2025, growing at a healthy long-term CAGR of 7.0% (value basis).
Despite taking a severe blow in 2020, North America is projected to maintain its irrefutable lead, whereas Asia-Pacific is likely to remain the fastest-growing market during the forecast period. China is likely to be one of the fastest-growing marine composite material markets in the coming five years. There has been an increasing presence of country-level boat and yacht manufacturers in China to tap the growing potential.
The following are the key features of the report:
Key Topics Covered:
1. Executive Summary
2. Marine Composite Materials Market - Overview and Segmentation
3. Marine Composite Materials Market - The COVID-19 Impact Assessment
4. Competitive Analysis
4.1. Analyst Insights
4.2. Product Portfolio Analysis
4.3. Geographical Presence
4.4. New Product Launches
4.5. Strategic Alliances
4.6. Market Share Analysis
4.7. Porter's Five Forces Analysis
5. Marine Composite Materials Market Trend and Forecast by Boat Type (2014-2025)
5.1. Analyst Insights
5.2. Outboard Boat: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.3. Inboard/Sterndrive Boat: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.4. PWC: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.5. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)
6. Marine Composite Materials Market Trend and Forecast by Application Type (2014-2025)
6.1. Analyst Insights
6.2. Hull: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.3. Deck: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.4. Stringers: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.5. Roof: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.6. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)
7. Marine Composite Materials Market Trend and Forecast by Material Type (2014-2025)
7.1. Analyst Insights
7.2. Polyester Resin: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.3. Vinyl Ester Resin: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.4. Epoxy Resin: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.5. Glass Fiber: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.6. Carbon Fiber: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.7. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)
8. Marine Composite Materials Market Trend and Forecast by Region (2014-2025)
8.1. Analyst Insights
8.2. North American Marine Composite Materials Market: Country Analysis
8.3. European Marine Composite Materials Market: Country Analysis
8.4. Asia-Pacific's Marine Composite Materials Market: Country Analysis
8.5. Rest of the World's (RoW) Marine Composite Materials Market: Sub-Region Analysis
9. Strategic Growth Opportunities
9.1. Market Attractiveness Analysis
9.1.1. Market Attractiveness by Boat Type
9.1.2. Market Attractiveness by Application Type
9.1.3. Market Attractiveness by Material Type
9.1.4. Market Attractiveness by Region
9.1.5. Market Attractiveness by Country
9.2. Emerging Trends
9.3. Growth Matrix Analysis
9.4. Strategic Implications
9.5. Key Success Factors (KSFs)
10. Company Profile of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/udp3e7.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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An Environmental Leader in the State of Colorado going above and beyond environmental compliance
AURORA, Colo.--(BUSINESS WIRE)--The Colorado Department of Public Health and Environment (CDPHE) Division of Environmental Health and Sustainability awards Colorado Medical Waste with the Environmental Leadership Program Silver Award. The ELP is a statewide environmental recognition and reward program for facilities that voluntarily go above and beyond compliance of state and federal regulations and are committed to continual environmental improvement for their business and communities as well.
A video by Colorado Governor Jared Polis was presented to virtually celebrate the program’s new members. The ELP logo stencil was sprayed at their facility in Aurora along with a photo taken of available employees.
Inclusion in the CDPHE Environmental Leadership Program was awarded to Colorado Medical Waste for demonstrating its commitment to:
Using the natural oxidizing power of ozone, electricity, and an industrial shredder, waste volume is reduced by 90% to a sterile confetti residual with "ZERO" emissions as ozone reverts back to simple oxygen. Tons of medical waste streams are diverted from landfills, incinerators, and hazardous waste facilities. State of the art processes and technologies reduce the public health effects and environmental impact of traditional autoclave and incineration technologies. Efficacy tests prove ozone is 100x more effective than steam and an environmental alternative to incineration. Reduction of landfilled medical waste and incineration decreases methane greenhouse gas emissions and their contribution to global warming and climate change. Colorado Medical Waste and ozone processing bring medical waste management into the 21st century.
Beverly Hanstrom, the company CEO and owner says, "We are leading the industry and are at the forefront of environmental stewardship to reduce the carbon footprint of healthcare and medical waste. Our leadership raises awareness and exemplifies our passion and commitment to make a difference.”
Find us on:
Facebook: https://www.facebook.com/ColoradoMedicalWaste
Twitter: https://twitter.com/COmedwaste
Video - https://www.youtube.com/watch?v=6e9TxcTAO0c
Photos - https://www.coloradomedicalwaste.com/press-media/
Related Links:
Environmental Leadership Program: https://www.colorado.gov/cdphe/environmental-leadership-program
Environmental Leadership Brochure: https://drive.google.com/file/d/1RQq1EHIippch2lVgsn0C95ZDzHyll7wi/view?usp=sharing
Beverly Hanstrom, CEO/Owner
Colorado Medical Waste, Inc.
3131 Oakland St.
Aurora, CO 80010
303-794-5716
(303) 763-2339 Fax
Website: www.coloradomedicalwaste.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Links: Brochure | Video | LinkedIn
SAN FRANCISCO--(BUSINESS WIRE)--Dividend Finance Inc. (“Dividend”), a leading FinTech point-of-sale lender to solar and home improvement contractors, is announcing the launch of a new technology platform. In addition to a new solar + home improvement partner portal, Dividend is offering its solar contractors an array of new products and enhancements including:
Dividend’s New Partner Portal
With solar and home improvement in one portal, Dividend is making it easier than ever for contractors to provide a fast and informative sales experience to their customers. Dividend’s new portal offers a faster credit application process, the ability for users to update and resend documents, automated change orders, and customizable pipeline functionality to better enable users to manage projects from start to finish.
“We’ve been listening to our contractor network and wanted to deliver a comprehensive overhaul in Q4 2020 with a diverse suite of loan product options, a more flexible point-of-sale experience, enhanced credit approvals, and a streamlined funding process. The residential solar industry has continued to thrive despite facing some major hurdles in 2020. We are proud to see so many of our installer partners working to find creative solutions in this challenging and rapidly-changing environment, and we will continue our efforts to deliver tools that help salespeople close more deals and business leaders run more efficient operations,” said Skyler Hopkins, Dividend’s SVP of Solar Sales.
Dividend Lite – The Single Page App
In addition to the new partner portal, Dividend has launched a single page application to provide maximum speed and flexibility at the point of sale. Dividend Lite requires fewer data inputs upfront and allows a customer to go from prequalification to loan signing with a single click, while ensuring the same best-in-class consumer protection and data security protocols that the industry has come to expect from Dividend.
Direct Pay with CED Ensemble
After nearly three years of steady growth, Dividend is launching a new funding structure with CED Greentech’s Ensemble program. With Ensemble, installers can access up to a 50% stage payment and eliminate the burden of accounting and credit line management while getting exclusive access to the Dividend-Ensemble product suite. The latest iteration of this partnership removes the need for upfront project diligence and invoicing and ensures a more precise and streamlined funding process.
Technology Integrations
Over the coming months, Dividend will be launching strategic partnerships with some of the most popular point-of-sale tools in the solar industry, in addition to customized integrations for installer partners. Whether installers have built in-house software or are leveraging 3rd party applications, Dividend can integrate the prequalification, document signing, and pipeline management workflow for a truly seamless experience for the entire organization.
About Dividend Finance
Dividend is a leading FinTech point-of-sale lender to home improvement and solar contractors. The Company pioneered the residential solar financing landscape in 2014 with the launch of its EmpowerLoan™ product for financing residential solar installations and continues to expand its product offerings into the Home Improvement market. In addition to its industry-leading suite of financial products, Dividend has developed a comprehensive technology platform for installation partners and homeowners to streamline the financing process and manage financed project fulfillment. Learn more by visiting https://www.dividendfinance.com/div-partner-portal.
*Loan terms subject to underwriting and credit approval. Rates and terms may change. Please contact Dividend for more information.
Dividend Finance
Katie Giori, 858-800-4939
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DUBLIN--(BUSINESS WIRE)--The "Refinery Catalyst - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Refinery Catalyst market accounted for $3.81 billion in 2019 and is expected to reach $5.59 billion by 2027 growing at a CAGR of 4.9% during the forecast period.
Increasing energy consumption and stringent environmental regulations are the major factors driving the market growth. However, diminishing crude oil reserves is restraining market growth.
Refinery catalysts are chemical compounds, which are added in refining processes of petroleum. Usually, petroleum produced through fractional distillation of crude, takes more time and fails to meet the demand and does not meet quality standards. They help to increase the conversion of petroleum refinery and reduce the time required to produce through distillation.
Based on ingredient, the zeolites segment is likely to have a huge demand as they widely used as adsorbents and catalysts owing to their porosity and large surface area. They are extensively used refinery materials, owing to their characteristics to provide micro porosity and adjustable acidity, thus making it ideal for petrochemical applications. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to rising population and regulations related to environment. The increasing developments in amount of production of oil in refineries in developing countries of the region are providing growth opportunities for the market in the region.
What our report offers:
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Refinery Catalyst Market, By Type
5.1 Introduction
5.2 Catalytic Reforming Catalysts
5.3 Fluid Catalytic Cracking (FCC) Catalysts
5.4 Hydroprocessing Catalysts
5.4.1 Hydrocracking Catalysts
5.4.2 Hydrotreating Catalysts
5.5 Dispersed Catalyst
5.6 Supported Catalyst
5.7 Other Types
5.7.1 Alkylation Catalysts
5.7.2 Desulferisation Catalysts
5.7.3 Isomerization Catalysts
5.7.4 Enzyme-Based Catalyst
6 Global Refinery Catalyst Market, By Ingredient
6.1 Introduction
6.2 Chemical Compounds
6.2.1 Calcium Carbonate
6.2.2 Sulphuric Acid & Hydrofluric Acid
6.3 Zeolites
6.3.1 Synthetic Zeolites
6.3.2 Natural Zeolites
6.4 Metals
6.4.1 Rare Earth Metals
6.4.2 Precious Metals
6.4.2.1 Gold (Au)
6.4.2.2 Palladium (Pd)
6.4.2.3 Platinum (Pt)
6.4.3 Transition & Base Metals
6.4.3.1 Chronium (Cr)
6.4.3.2 Cobalt (Co)
6.4.3.3 Iron (Fe)
6.4.3.4 Mangenese (Mn)
6.4.3.5 Molybdenum (Mo)
6.4.3.6 Nickel (Ni)
6.4.3.7 Tunsten (W)
6.4.3.8 Zirconium (Zr)
7 Global Refinery Catalyst Market, By Application
7.1 Introduction
7.2 Chemical Processing
7.3 Environmental Safety
7.4 Petroleum Refining
8 Global Refinery Catalyst Market, By Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 South America
8.6 Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Albemarle Corporation
10.2 Anten Chemicals
10.3 Axens
10.4 BASF SE
10.5 Chempack
10.6 China Petroleum & Chemical Corporation
10.7 Clariant International Ltd
10.8 Criterion Catalysts & Technologies L.P.
10.9 Dorf-Ketal Chemicals India Private Limited
10.10 Exxon Mobile Corporation
10.11 Filtra Catalyst and Chemicals
10.12 Haldor Topsoe
10.13 Honeywell UOP LLC
10.14 Johnson Matthey Plc
10.15 W. R. Grace
For more information about this report visit https://www.researchandmarkets.com/r/8goc7i
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, October 30, 2020 at 11:00 a.m. ET (8:00 a.m. PT).
Conference Call Information:
Date: Friday, October 30, 2020
Time: 11:00 a.m. ET / 8:00 a.m. PT
Dial-in # (Listen-only mode): 773-305-6865 / 888-244-2435
Conference ID #: 7891185
Speakers:
Mark Nelson – Executive Vice President, Downstream & Chemicals
Pierre Breber – Vice President and Chief Financial Officer
Wayne Borduin – General Manager, Investor Relations
To access the live webcast, visit www.chevron.com.
The meeting replay will also be available on the company website under the “Investors” section.
Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Media Contact:
Sean Comey
+1 (925) 842-5509
DUBLIN--(BUSINESS WIRE)--The "Oilfield Modeling Services in the US - Procurement Research Report" report has been added to ResearchAndMarkets.com's offering.
This report is intended to assist buyers of oilfield modeling services. Operators in this market provide a variety of services aimed at evaluating an oil and gas reservoir, including oilfield completion models, drilling models, economic models, production models, risk management services, geological models, geophysical models, reservoir models and field development models.
The goal of all of these oilfield modeling services is to aid buyers in designing long-term production plans at new and developed fields. This report does not cover well service engineering, oilfield data management or oilfield production operations management services.
Key Topics Covered:
ABOUT THIS INDUSTRY
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
MAJOR COMPANIES
OPERATING CONDITIONS
KEY STATISTICS
JARGON & GLOSSARY
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/l7ffd2
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
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Multiple states with varying climates and road conditions adopt electric school buses for cost savings and environmental impact
FORT VALLEY, Ga.--(BUSINESS WIRE)--Electric vehicles have experienced significant growth in the past decade, and school buses are no exception. Since their introduction in 2018, school bus manufacturer Blue Bird Corporation (NASDAQ: BLBD), has seen a surge in demand for their 100% electric school buses. While a majority of these buses have been sold in California, the interest in electric is nation-wide, with buses being deployed all over the country.
“With districts able to obtain grant and other financial assistance, locations that we have deployed electric school buses in were the first in their state to have an EV bus in their fleet,” said Phil Horlock, president and CEO of Blue Bird Corporation. “As the only manufacturer currently producing every bus type in Electric, we can help districts start to introduce and potentially transform their entire fleet over time to zero emissions.”
School bus fleets in many states are transitioning their fleets to alternative power solutions such as propane and electric, in an effort to benefit their communities with cleaner air. “As districts continue to see the environmental benefits of low- and zero-emissions solutions, such as electric, it is inevitable for our industry to see this shift,” added Horlock. “In fact, over 50% of what we produce is an alternative to diesel, and we are prepared to meet further growth in demand.”
Electric buses built by Blue Bird are now equipped with vehicle to grid (V2G) capability, allowing communities to use the electric buses as back-up power sources in emergency situations, as well as revenue generators through selling electricity back to the grid while the bus is plugged in during peak power use times. Electric buses also have fewer parts to maintain, which helps the district see immediate savings on maintenance costs.
“The usual concern with deciding to introduce electric in a new area is the climate – will it work in cold weather?” said chief commercial officer for Blue Bird, Mark Terry. “We have deployed buses in over 25% of all states in the U.S., including cold climates such as North Dakota and New York, as well as hot areas such as Texas and Georgia. Charging is a key part of the equation that districts should really look into, and we have an incredible dealership network that helps districts navigate infrastructure setup to ensure effective charging and operation.”
For more information on Blue Bird’s electric school buses, please visit www.blue-bird.com/electric.
About Blue Bird Corporation
Blue Bird (Nasdaq: BLBD) is the leading independent designer and manufacturer of school buses, with more than 550,000 buses sold since its formation in 1927 and approximately 180,000 buses in operation today. Blue Bird distinguishes itself from its principal competitors by its singular focus on the design, engineering, manufacture and sale of school buses and related parts. As the only manufacturer of chassis and body production specifically designed for school bus applications, Blue Bird is recognized as an industry leader for school bus innovation, safety, product quality/reliability/durability, operating costs and drivability. In addition, Blue Bird is the market leader in alternative fuel applications with its propane-powered, electric-powered and compressed natural gas-powered school buses. Blue Bird manufactures school buses at two facilities in Fort Valley, Georgia. Its Micro Bird joint venture operates a manufacturing facility in Drummondville, Quebec, Canada. Service and after-market parts are distributed from Blue Bird’s parts distribution center located in Delaware, Ohio. For more information on Blue Bird’s complete line of buses, visit www.blue-bird.com.
FOR MORE INFORMATION:
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HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release third quarter 2020 earnings results on Wednesday, October 21, 2020.
What: Kinder Morgan Third Quarter ’20 Earnings Results Webcast
When: October 21, 2020, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-415-228-4878 and entering the passcode 3874814.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on November 21, 2020. To access the replay, please dial 1-203-369-3840 and enter passcode 3365.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 147 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.
Dave Conover
Media Relations
(713) 420-6397
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Investor Relations
(800) 348-7320
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www.kindermorgan.com
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#earnings--Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that it will release its third quarter 2020 financial results after the close of the market on Monday, November 2, 2020. The earnings press release will be available on the “Investor Relations” section of the Company’s website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. ET the same day.
In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the “Investor Relations” section of the Company's website.
Participants may access the earnings conference call by dialing domestically +1 (877) 359-9508 or internationally +1 (224) 357-2393. The passcode is 8769918. Participants are advised to dial into the call at least ten minutes prior to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media Relations
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Investor Relations
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HOUSTON--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 per share, or $0.50 per share on an annualized basis. The dividend is payable on December 1, 2020, to stockholders of record as of November 16, 2020.
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. It challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and natural gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the US or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the US Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.
Investor Contacts:
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Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
NEW YORK--(BUSINESS WIRE)--Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by China Yangtze Power Co., Ltd. (“CYPC”) – one of the largest listed hydropower companies in the world, established under the laws of the People’s Republic of China - to act as Depositary Bank for its Global Depositary Receipt (“GDR”) program.
CYPC’s GDR program was established in connection with a US$1.82 billion initial public offering of its GDRs (or approximately $2.01 billion, if the underwriters exercise their over-allotment option in full), priced at US$26.46 per GDR. The GDRs are listed on the Shanghai-London Stock Connect (“SLSC”) segment of the Main market of the London Stock Exchange (“LSE”) under the symbol “CYPC”. Each GDR represents ten A shares. CYPC’s A shares are listed and traded on the Shanghai Stock Exchange (“SSE”) under the stock code 600900.
“The successful listing on the London Stock Exchange will help raise CYPC’s profile in the international capital markets and help it further develop its overseas business. During the roadshow, CYPC’s strengths in hydropower business, future strategies of expanding along the industrial value chain and achievements in our overseas business were fully recognized by international investors, and we are happy to see many reputable international institutional investors joining the rank of our shareholders…We look forward to bringing more value to shareholders under the Shanghai-London Stock Connect,” said Mr. LEI Mingshan, Chairman of China Yangtze Power Company.
“It’s our honor to be appointed as the Depositary Bank for CYPC’s LSE Listed GDR Program,” said Dirk Jones, Head of Global Issuer Services at Citi. “Citi is committed to providing CYPC and its investors with the highest quality services by leveraging our cross-regional capabilities, global network and our experience gained in other SLSC programs.”
Citi is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.
For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Sophia Anthony
Citi Global Public Affairs
Banking, Capital Markets & Advisory Communications
+1 (212) 816-7140
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ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Array Technologies, Inc. (the “Company”) today announced that it has launched the roadshow for the initial public offering of its common stock. The Company is offering 7,000,000 shares of its common stock. A parent entity of the Company controlled by Oaktree Capital is offering 26,750,000 shares of the Company’s common stock and intends to grant the underwriters a 30-day option to purchase up to an additional 5,062,500 shares. The initial public offering price is expected to be between $19.00 and $21.00 per share. The Company intends to list its common stock on the Nasdaq Global Market under the symbol "ARRY".
The Company intends to use the net proceeds from this offering to prepay outstanding principal under its new senior credit facility and, to the extent of any remaining net proceeds, for general corporate purposes, including working capital, operating expenses and capital expenditures. The Company will not receive any of the proceeds from the sale of shares offered by the parent entity.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers and representatives of the underwriters for the offering. Guggenheim Securities and Morgan Stanley are also acting as joint book-running managers and Credit Suisse, Barclays and UBS Investment Bank are acting as book-runners. Cowen, Oppenheimer & Co. Inc., MUFG and Nomura are acting as co-managers.
The offering will be made only by means of a prospectus, which will be filed with the SEC and available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus relating to this offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282 (telephone: (866) 471-2526 or email: This email address is being protected from spambots. You need JavaScript enabled to view it.); J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: 1-866-803-9204), or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison, 8th Floor, New York, NY 10017, by telephone at (212) 518-9658, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; and Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, 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. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About Array Technologies, Inc.
Array Technologies is one of the world’s largest manufacturers of ground-mounting systems used in solar energy projects. The Company’s principal product is an integrated system of steel supports, electric motors, gearboxes, electronic controllers and software, commonly referred to as a single-axis “tracker.” Trackers move solar panels throughout the day to maintain an optimal orientation to the sun, which significantly increases their energy production. Solar energy projects that use trackers generate up to 25% more energy and deliver a lower levelized cost of energy than projects that use conventional “fixed tilt” mounting systems. Array Technologies is headquartered in the United States with offices in Europe, Central America, and Australia.
Forward Looking Statements
This press release contains forward looking statements, including statements regarding the initial public offering. These statements are not historical facts but rather are based on the Company's current expectations and projections regarding its business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward looking statements as a result of a number of factors, including those in the Company's registration statement filed with the Securities and Exchange Commission.
Media Contact:
James McCusker, 203-585-4750
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HOUSTON--(BUSINESS WIRE)--$NEXT #LNG--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today announced that the Company has developed proprietary processes using proven technology to reduce carbon dioxide equivalent (CO2e) emissions at its proposed Rio Grande LNG facility by approximately 90 percent. NextDecade is also exploring options to address the remaining emissions to enable Rio Grande LNG to achieve carbon-neutrality.
Throughout the course of NextDecade’s pre-FID development activities, and intensively in recent months, the Company has evaluated multiple technical solutions to ascertain the commercial viability of dramatically reducing CO2e emissions at Rio Grande LNG.
Based on these evaluations, NextDecade has determined that carbon capture and storage (CCS) is the most feasible technical solution for Rio Grande LNG. The Company believes that the addition of proven CCS technology in conjunction with its proprietary processes could reduce the CO2e emissions of its Rio Grande LNG facility by approximately 90 percent. While NextDecade advances its work in this area, the Company is also exploring options to address the remaining (approximately 10 percent) CO2e emissions.
“Natural gas has a critical role to play in the global energy transition to a low-carbon economy, ensuring the security of energy supplies and preserving high quality jobs in the United States and around the world,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “Our work to date confirms that reliable, competitively priced LNG and responsible environmental stewardship are not mutually exclusive. A solution that promises both is indeed eminently feasible with the thoughtful use of existing technologies and the application of our proprietary processes.”
NextDecade continues to work on remaining commercial agreements needed to achieve a final investment decision in 2021, enabled by flexible commercial offerings and leadership in environmental and social performance including targeting carbon-neutrality at Rio Grande LNG.
About NextDecade Corporation
NextDecade is a liquefied natural gas (LNG) development company focused on LNG export projects. NextDecade is developing the largest LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market, creating value for producers, customers, and stockholders. Its portfolio of LNG projects includes the 27 mtpa Rio Grande LNG export facility in the Port of Brownsville, Texas. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, visit www.next-decade.com.
NextDecade Forward-Looking Information
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline's construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; the 2019 novel coronavirus pandemic and its impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2019 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference.
Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
Media - NextDecade
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During National Customer Service Week, PG&E Provides Tips to Help Customers Use Less Energy
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) is promoting ways to save energy and use it more efficiently in recognition of National Energy Efficiency Day (EE Day) today October 7, 2020. The annual national event that began in 2016 urges customers to save energy, cut pollution, and create jobs. Energy efficiency is the most affordable and fastest way to meet energy needs, cut utility bills, and reduce pollution.
“For more than four decades, PG&E has partnered with our customers to help reduce their energy use through a variety of products and services. Today, our commitment to helping customers save energy is stronger than ever. We recognize residential customers are now spending considerably more time at home – working, schooling and recreating -- and using more energy than normal. Energy efficiency is a critical tool to help customers reduce their bills and benefit local economies. EE Day reminds us of the importance of being energy efficient every day,” said Aaron August, PG&E Vice President of Business Development & Customer Engagement.
PG&E’s energy efficiency programs are built on California’s pioneering energy efficiency model, which has helped keep the state’s per capita electricity consumption nearly flat since the 1970s. PG&E programs are designed to reach customers using a variety of channels, from self-service software tools to PG&E’s business customer account representatives. Reducing the energy used by manufacturers, homes, and businesses benefits everyone – particularly in lowering energy bills. The average household saves almost $500 annually thanks to efficiency standards that apply to new appliances such as dishwashers, refrigerators, and water heaters.
An example of how these savings add up can be found in the PG&E Home Energy Reports, individually tailored mailings going out to 1.8 million PG&E households six times a year. These reports offer information on how households use energy and how that compares with similar homes in the neighborhood, along with savings tips and details on energy saving programs. The actions taken from these reports have helped participating customers save an estimated $250 million on their bills since 2011.
As National EE Day and National Customer Service Week (Oct. 5-9) are being celebrated, PG&E thanks our customers and offers to consider the following ways to make sustainable choices, lower energy use, and bills, this fall.
To find other energy-saving actions, visit www.pge.com or join the conversation on Twitter by using the hashtag #EEDay2020 or #NCSW2020. Customers can also compare and shop energy-saving appliances and electronics by logging onto marketplace.pge.com.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will design, manufacture and supply two package boilers to Creative Energy for district heating in Vancouver, British Columbia, Canada. The contract is valued at more than $4 million.
The two B&W FM model water-tube package boilers, designed to fire natural gas or fuel oil, will be manufactured in the company’s Monterrey, Mexico, facility.
“B&W Thermal offers a broad portfolio of package boilers that are designed to provide dependable performance for a wide range of uses – from industry and manufacturing, to health care and municipal heating applications,” said B&W Chief Operating Officer Jimmy Morgan. “B&W Thermal’s many decades of ingenuity and experience have made our package boilers the preferred choice for thousands of customers, and we thank Creative Energy for choosing B&W for this project.”
Creative Energy is one of the largest district energy companies in North America. Its 280-megawatt plant in downtown Vancouver provides heating and domestic hot water to 215 buildings through a 15-kilometer network of underground pipelines.
“Creative Energy has a 50-year history of providing reliable service to customers,” said Creative Energy President & Chief Executive Officer, Krishnan Iyer. “The addition of these B&W boilers to our downtown system will further improve efficiency and provide redundancy to the planned installation of low carbon energy generation in the near term.”
Engineering for the boilers is underway and delivery is scheduled for Spring 2021.
With more than 5,000 units and 150 years of experience, B&W Thermal's water-tube package and industrial boilers are engineered to meet unique capacity, space, fuel, emissions, transportation, installation and other requirements. They offer reliable power with low emissions, low auxiliary power requirements, simple operation, low maintenance and can be tailored for a variety of fuel options.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. B&W has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to design, manufacture and supply two package boilers to Creative Energy Canada Platforms Corp. for district heating in Vancouver, British Columbia, Canada. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Ryan Cornell
Public Relations
Babcock & Wilcox
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SAN DIEGO--(BUSINESS WIRE)--#INL--XENDEE Corporation has partnered with Idaho National Laboratory to develop an optimized platform for designing Microgrid Fast Charging Stations (MFCS) quickly and effectively. This project is funded by the DOE Office of Electricity, Microgrid Program. The platform will be developed alongside a detailed analysis of two test sites which will act as seed locations for fast-charging facilities across the United States.
Additionally, with the use of distributed energy technologies, these Microgrid Fast Charging Stations can enable a deeper market penetration of private electric and commercial vehicles by allowing for the optimal placement of stations even in remote areas unserved by a traditional utility provider. In areas where a provider does exist, an optimized MFCS can help reduce distribution grid disturbances and costs for the entire energy market by supplementing the immense energy required for ultra-fast charging vehicles during peak hours, or by eliminating the need for upgrades to transmission lines.
“In each of our test sites, we will be addressing both a grid connected and an islanded MFCS design solution. This can also be expanded for further use cases such as multiple fast charging stations or large stations that allow for fast charging of Heavy Equipment Transporters,” said Michael Stadler, Ph.D., CTO of XENDEE. “This proof of concept will also enable XENDEE and Idaho National Labs (INL) to provide a streamlined, reliable, and standardized approach to the design and implementation of Microgrid enabled fast charging infrastructure throughout the world.” Success of the test cases performed within this project will ultimately enable a reliable electric vehicle fast-charging solution that could be implemented worldwide based primarily on renewables and battery storage.
Each test site will be developed using XENDEE’s end-to-end Microgrid design and optimization platform as well as Idaho National Laboratory’s Power & Energy Real-Time Lab. XENDEE researchers and engineers will design the Microgrid Fast Charging Stations, including the sizing and placement of Distributed Energy Resources technologies, techno-economic optimization, and power flow analysis to assure voltages can be sustained at every node. Optimizations can be extended from simply relieving congestion at charging sites to optimizing upgrades, energy resilience, and even selling voltage or frequency regulation back to the grid.
Once a design has been created, the XENDEE MFCS model will be validated using Hardware-in-the-Loop simulations of the dynamics and operation on the distribution system at Idaho National Laboratory's Power & Energy Real-time Lab. This simulated loop will evaluate XENDEE’s Microgrid model using actual control components under the most vigorous testing conditions without constructing a completed fast charging station.
“INL is enthusiastic about using its Controller Hardware in the Loop capabilities to simulate XENDEE’s test cases for Microgrid Fast Charging Stations,” said Anudeep Medam, Research Engineer at INL’s Power & Energy Systems department. “This setup is as close to the real world as possible, allowing us to scale up or down the power level and analyze Microgrid Fast Charging Stations under multiple scenarios for capacity and service provisions.”
“This will be the first simulation of our MFCS designs by a national laboratory,” remarked Adib Naslé, CEO of XENDEE, “and we are pleased to be doing it with INL.”
About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience, from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
About Idaho National Laboratory: INL is a U.S. Department of Energy (DOE) national laboratory that performs work in each of DOE’s strategic goal areas: energy, national security, science and environment. INL is the nation’s center for nuclear energy research and development. Day-to-day management and operation of the laboratory is the responsibility of Battelle Energy Alliance.
See more INL news at: www.inl.gov
Follow us on social media at: Twitter, Facebook, Instagram and LinkedIn
Jay Gadbois
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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or "Ampco-Pittsburgh") announced today that it issued an open letter to its shareholders to thank those who participated in the recent equity rights offering and to clarify the terms of the Series A Warrants. The full text of the letter follows:
Dear Investor,
On behalf of the entire Corporation, I want to thank you for participating in our recent equity rights offering. As a result of your actions, we raised $19.3 million in gross proceeds, which adds immediate value to Ampco-Pittsburgh by strengthening our balance sheet, reducing our debts, and supporting capital expenditures that will make a difference to our long-term cost structure and profitability.
By selecting a rights offering process, we chose to prioritize you, our current shareholders, with the opportunity to maintain or increase ownership in the Corporation while providing us the capital to continue to improve and grow our business. We thank you for your very tangible support.
With the exercise of your rights, you received shares of AP common stock as well as Series A warrants to purchase new shares of AP common stock in the future. You may exercise each warrant for 0.4464 shares of AP common stock at an exercise price of $2.5668 per warrant, which equates to a value of ($2.5668/0.4464 =) $5.75 per whole common share.
Since warrants can be complex, we have prepared a Frequently Asked Questions (FAQ) document to address common questions on interpreting and exercising your Series A warrants. This FAQ is available on the Investor Relations section of our website at http://ampcopgh.com/investors/.
Again, we are very grateful for your continued support, and we are here to help with any issues the FAQ document does not address.
Sincerely yours,
J. Brett McBrayer
Chief Executive Officer
Ampco-Pittsburgh Corporation
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by or on behalf of the Corporation. The information contained in this press release may include, but are not limited to, statements about undertaking the rights offering described herein, operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Act and words such as "may," "intend," "believe," "expect," "anticipate," "estimate," "project," "forecast" and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); new trade restrictions and regulatory burdens associated with "Brexit"; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation's operations and strategic plan; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully in documents filed with the SEC by the Corporation, particularly in the prospectus related to the rights offering and in Item 1A, Risk Factors, in Part I of the Corporation's latest annual report on Form 10-K, and Part II of the Corporation's Form 10-Q for the quarter ended June 30, 2020. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Melanie L. Sprowson
Director, Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "Explosion Proof Equipment - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Explosion Proof Equipment market accounted for $7.09 billion in 2019 and is expected to reach $12.55 billion by 2027 growing at a CAGR of 7.4% during the forecast period.
While the factors like increased oil, investments in emerging markets, are some of the major factors driving the market growth. However, the lack of standardization is hampering market growth.
Explosion-proof equipment refers to commodities that limit any source of explosion within its housings. This equipment relies on different principles of protection, such as explosion avoidance, and explosion isolation. While explosion-proof equipment utilizes a strong, protective housing, to contain any explosion within itself, explosion segregation equipment isolates the source of an explosion inside a protective medium.
Based on the end user, the oil & gas segment is estimated to have a lucrative growth due to the extensive adoption of explosion-protected products in this sector as a preventive measure against explosive areas. The adoption of spark-resistant enclosures, thermocouples, and sensors in dangerous areas of oil & gas industry eliminate the release of potentially toxic and flammable substances.
Companies Mentioned
What the report offers:
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Explosion Proof Equipment Market, By Group
5.1 Introduction
5.2 Group C: Petrochemicals
5.3 Group D: Petrochemicals (Includes Methane)
5.4 Group A: Acetylene
5.5 Group B: Hydrogen and Manufactured Gases Containing Hydrogen
6 Global Explosion Proof Equipment Market, By Protection Principle
6.1 Introduction
6.2 Explosion Prevention/Limiting Energy
6.3 Explosion Proof/Explosion Containment
6.4 Explosion Segregation (Isolation)
6.5 Encapsulations
6.6 Explosion-proof Lamp
7 Global Explosion Proof Equipment Market, By Flammable Substance
7.1 Introduction
7.2 Class I (Gas and Vapor)
7.2.1 Division 1
7.2.2 Division 2
7.3 Class II (Combustible Dust)
7.4 Class III (Fibers and Flying's)
8 Global Explosion Proof Equipment Market, By Explosion Protection
8.1 Introduction
8.2 Dust Explosion Protection
8.3 1D (Zone 20, 21 and 22)
8.4 2D (Zones 21 and 22)
8.5 3D (Zone 2)
8.6 Gas Explosion Protection
8.7 1Gas (Zones 0, 1 and 2)
8.8 2Gas (Zones 1 and 2)
8.9 3Gas (Zone 2)
9 Global Explosion Proof Equipment Market, By Zone
9.1 Introduction
9.2 Zone 0
9.3 Zone 20
9.4 Zone 1
9.5 Zone 21
9.6 Zone 2
9.7 Zone 22
9.8 Zone 12
9.9 Zone 212
10 Global Explosion Proof Equipment Market, By Temperature Class
10.1 Introduction
10.2 T1 (450C or 842F)
10.3 T2 (300C or 572F)
10.4 T3 (200C or 3142F)
10.5 T4 (135C or 275F)
10.6 T5 (100C or 212F)
10.7 T6 (85C or 185F)
11 Global Explosion Proof Equipment Market, By Product
11.1 Introduction
11.2 Industrial Controls
11.3 Process Instruments
11.4 Strobe Beacons
11.5 Sensors
11.6 Bells & Horns
11.7 Fire Alarms/Call Points
11.8 Visual & Audible Combination Units
11.9 Speakers & Tone Generators
11.10 Cable Glands & Accessories
11.11 Motors
12 Global Explosion Proof Equipment Market, By Connectivity Service
12.1 Introduction
12.2 Wired
12.3 Wireless
13 Global Explosion Proof Equipment Market, By Application
13.1 Introduction
13.2 Junction Boxes & Enclosures
13.3 Lifting Systems
13.4 Lighting Systems
13.5 Material Handling Systems
13.6 Panel Boards & Motor Starters
13.7 Switches & Sockets
13.8 Surveillance & Monitoring Systems
13.9 Signaling Systems
13.10 Switchgear
13.11 Heating, Ventilation, and Air Conditioning (HVAC)
13.12 Distribution Systems
13.13 Automation System
13.14 Power Supply System
13.15 Other Applications
13.15.1 Unions
13.15.2 Flexible Couplings
14 Global Explosion Proof Equipment Market, By End User
14.1 Introduction
14.2 Aerospace & Aircraft
14.3 Construction
14.4 Manufacturing
14.5 Mining
14.6 Oil & Gas
14.7 Marine Industry
14.8 Waste Management
14.9 Pharmaceutical
14.10 Power and Utility
14.11 Food Processing & Beverages
14.12 Automotive
14.13 Energy
15 Global Explosion Proof Equipment Market, By Geography
15.1 Introduction
15.2 North America
15.3 Europe
15.4 Asia Pacific
15.5 South America
15.6 Middle East & Africa
16 Key Developments
16.1 Agreements, Partnerships, Collaborations and Joint Ventures
16.2 Acquisitions & Mergers
16.3 New Product Launch
16.4 Expansions
16.5 Other Key Strategies
17 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/ktms11
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LONDON--(BUSINESS WIRE)--#GeneratorRentalMarketforOilandGasIndustry--The global generator rental market for oil and gas industry is expected to grow by USD 153.87 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%.
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Read the 120-page report with TOC on "Generator Rental Market for Oil and Gas Industry Analysis Report by Product (Diesel generator and Gas generator), Geography (MEA, North America, Europe, APAC, and South America), Application (Onshore and Offshore), and the Segment Forecasts, 2020-2024". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/generator-rental-market-for-oil-and-gas-industry-analysis
The generator rental market for oil and gas industry is driven by the need for consistent power. In addition, the increasing focus on unconventional oil and gas E&P activities is anticipated to boost the growth of the generator rental market for oil and gas industry.
Many oil and gas E&P companies are shifting to smaller, deep or ultradeep reserves, and unconventional reserves due to depleting conventional oil gas reserves. This has increased the use of power tools and additional tools and technologies as extracting oil from such reserves requires more power. In addition, processes such as production, processing, and refining in the oil and gas industry are energy-intensive and require a continuous supply of power. Any downtime in these processes will lead to significant monetary losses for oil and gas E&P companies. Hence, oil and gas E&P companies are exhibiting high demand for rental power as it serves as a backup to assist them during emergency and maintenance. It also helps them reduce downtime, operational costs, and ensures the safety of crew members. All these factors are positively influencing the growth of the global generator rental market for oil and gas industry.
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Major Five Generator Rental for Oil and Gas Industry Companies:
Aggreko Plc
Aggreko Plc operates its business through segments such as Rental Solutions, Power Solutions Industrial, and Power Solutions Utility. The company provides diesel and natural gas rental generators ranging from 20 kVA to 1,375 kVA.
APR Energy
APR Energy operates its business through segments such as Power solutions and Mobile technology. The company provides mobile containerized generators and diesel and natural-gas power module packages.
Ashtead Group Plc
Ashtead Group Plc operates its business through segments such as Sunbelt US, A-Plant, and Sunbelt Canada. The company offers rental power generators under the Sunbelt Rentals brand for industrial applications.
Atlas Copco AB
Atlas Copco AB operates its business through segments such as Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique. The company offers a wide range of mobile diesel generators and rental power generator models.
Caterpillar Inc.
Caterpillar Inc. operates its business through segments such as Resource Industries, Construction Industries, Energy and Transportation, and Financial Products. The company offers rental generators to oil and gas industry through its subsidiary, Energyst.
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Generator Rental Market for Oil and Gas Industry Product Outlook (Revenue, USD Million, 2020-2024)
Generator Rental Market for Oil and Gas Industry Geography Outlook (Revenue, USD Million, 2020-2024)
Generator Rental Market for Oil and Gas Industry Application Outlook (Revenue, USD Million, 2020-2024)
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