Multiple market trends support rapid adoption, including growing complexity of energy technologies, sustainability commitments, and CAPEX constraints
BOULDER, Colo.--(BUSINESS WIRE)--#BuildingEfficiency--A new report from Guidehouse Insights examines the market for energy as a service (EaaS) financing, providing regional forecasts for building efficiency, onsite energy supply, and energy flexibility solutions, through 2029.
While EaaS definitions continue to evolve, the financing element—focused on OPEX-based payments—is increasingly recognized as the central distinguishing feature of these agreements. EaaS contracts allow customers to outsource parts or the entirety of their energy operation while avoiding CAPEX or debt and paying out of the OPEX budget instead. The EaaS vendor owns and controls the installed technologies and guarantees an output, such as heating, cooling, or electricity. Click to tweet: According to a new report from @WeAreGHInsights, the as a service financing market for energy solutions is expected to grow from $1.6 billion in 2020 to $27.2 billion in 2029 at a compound annual growth rate of 36.8%.
“Customers are attracted to EaaS financing as it allows them to address sustainability and deferred maintenance while upgrading facilities with OPEX-only payments and immediate ROI,” says Sasha Wedekind, research analyst with Guidehouse Insights. “Multiple market trends support rapid adoption of the EaaS financing model, including growing complexity of available energy technologies, expanding sustainability commitments, and constraints on CAPEX across different sectors.”
According to the report, the market is expected to scale as common definitions evolve and vendors converge around a couple of repeatable models that are known by customers. North America is estimated to be the largest market for as a service financing for energy solutions in 2020, representing 42% of the total market value.
The report, Market Data: As a Service Financing for Energy Solutions, forecasts the EaaS financing market size between 2020 and 2029. The forecast is segmented by five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Revenue is also segmented by three technology categories: building efficiency, onsite energy supply, and energy flexibility solutions. The forecast also provides revenue splits between commercial and institutional customers. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: As a Service Financing for Energy Solutions, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
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PARIS--(BUSINESS WIRE)--SHV Energy has chosen IoT connectivity from Orange Business Services to deploy smart telemetry and meters on its gas tanks across Europe and the US. The solution will provide an enhanced gas delivery service to its customers across the world. It will help SHV Energy to improve infrastructure management, customer satisfaction and supply security, while saving on fuel costs and reducing carbon emissions.
SHV Energy is a leading global distributor of off-grid energy such as LPG, LNG and is active in the area of biofuels and renewable energy solutions. It supplies gas under brands, including Calor Gas, Gaspol, Liquigas, Pinnacle, Primagas, and Primagaz across four continents.
The company will fit smart devices to both legacy and new gas tanks, along with an antennae and a magnet mechanism that measures the gas. Each of these smart telemetry devices includes an Orange global SIM, which transfers data to SHV Energy’s offices via the Orange global mobile network. There the data is collected and analyzed to ensure that a customer’s gas tank is never empty. SHV Energy is also alerted if the tank registers any malfunction or leak. The data is also used to optimize gas delivery routes to reduce the company’s carbon footprint.
“The move toward smart metering and the deployment of digital functionalities are critical in delivering the best possible service in supplying gas to our customer base. With this innovative IoT connectivity solution from Orange Business Services we can increase the flexibility, reliability and robustness of our network, and become greener in the process,” explains Marieke Schoningh, SHV Energy Management Board Member.
Orange’s global mobile network is enhanced by an alliance of operators and more than 500 roaming agreements. This ensures that data gets to the data platform at SHV Energy’s offices fast, efficiently and securely. In addition, Orange provides value-added services, such as service and implementation management, to accompany SHV throughout its entire IoT journey. Orange Business Services was positioned as a Leader in Gartner's 2019 "Magic Quadrant for Managed IoT Connectivity Services, Worldwide."
“Connectivity is a key enabler of IoT. SHV Energy’s smart monitoring deployment is an excellent example of how a company can use our IoT connectivity solution to connect devices safely and reliably to transport data for actionable business insight and build a successful IoT-enabled business,” says Fabrice de Windt, senior vice president, Europe, Orange Business Services.
About Orange Business Services
Orange Business Services is a network-native digital services company and the global enterprise division of the Orange Group. It connects, protects and innovates for enterprises around the world to support sustainable business growth. Leveraging its connectivity and system integration expertise throughout the digital value chain, Orange Business Services is well placed to support global businesses in areas such as software-defined networks, multi-cloud services, Data and AI, smart mobility services, and cybersecurity. It securely accompanies enterprises across every stage of the data lifecycle end-to-end, from collection, transport, storage and processing to analysis and sharing.
With companies thriving on innovation, Orange Business Services places its customers at the heart of an open collaborative ecosystem. This includes its 27,000 employees, the assets and expertise of the Orange Group, its technology and business partners, and a pool of finely selected start-ups. More than 3,000 multinational enterprises, as well as two million professionals, companies and local communities in France, put their trust in Orange Business Services.
For more information, visit www.orange-business.com or follow us on LinkedIn, Twitter and our blogs.
Orange is one of the world's leading telecommunications operators with revenues of 42.2 billion euros in 2019 and 253 million customers worldwide at 30 June 2020. Orange is listed on the Euronext Paris (ORA) and on the New York Stock Exchange (ORAN). In December 2019, Orange presented its new "Engage 2025" strategic plan, guided by social and environmental accountability. While accelerating in growth areas, such as B-to-B services and placing data and AI at the heart of innovation, the entire Orange Group will be an attractive and responsible employer.
Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.
Press contact:
Elizabeth Mayeri, Orange Business Services, This email address is being protected from spambots. You need JavaScript enabled to view it., +1 212 251 2086
Investment will accelerate expansion of outsourced solutions leader in the transportation and logistics industry
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Lean Staffing Solutions (“LSS”), a leading provider of nearshore, expert outsourced solutions for transportation and logistics companies in the United States, today announced a $42.5 million minority growth equity investment from FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. LSS, headquartered in Florida with operations in four cities across Colombia, is a pioneer in nearshoring for the logistics and transportation industry. The investment enables LSS to continue expanding in its core transportation and logistics market and further enhance the product suite to better serve clients. The investment will also help LSS grow its footprint beyond transportation into industries like finance, healthcare, factoring and insurance, where LSS’s domain expertise and broadly applicable offering will help customers to become more efficient, improve scalability and reduce cost.
Given its proximity to the United States, Colombia has emerged as a preferred nearshoring hub for many North American companies, particularly those in the freight brokerage and third-party logistics (3PL) industries. Trucking remains labor intensive and while more technologies are available to address problems, human-to-human communications will remain critical to apply nuanced solutions to complex logistics systems.
LSS’s value lies in its deep domain expertise and exceptional talent, providing customers with quality assurance and consultative guidance as employees take on increasingly sophisticated roles as part of a dedicated team operating as an extension of the customer’s own office.
LSS’s workforce draws from highly educated, motivated, bilingual talent who are trained in industry-specific functions across back-office administration, sales, marketing, customer service and technology. LSS delivers significant cost savings to its customers by managing all recruitment, training and onboarding of qualified employees.
LSS has scaled nearly 3,000%, from a staff of 14 in 2016 to more than 1,500 employees today. With an ambition to deepen their expertise and build their careers with a fast-growing American company, LSS’s Colombian employees have contributed to industry-leading retention rates, helping customers achieve a higher degree of continuity in an industry where employee tenure is valuable.
“With our deeply collaborative customer success model, we have built a compelling value proposition across the logistics space and are experiencing rapid growth,” said Roberto Cadena, CEO and co-founder of LSS. “We are thrilled to partner with FTV Capital at this stage to advance our product and services and launch into new verticals to further meet the needs of our clients.”
Included in the Inc. 500 list for America’s fastest-growing private companies for the second year in a row, moving from #409 to #347 in 2020, LSS is recognized for its leadership advancing freight brokerage and transportation management, an area where many companies seek support to hire the right talent dedicated to their businesses.
“Colombia is the fourth largest business process outsourcing (BPO) market in Latin America with a $2.3 billion market size and an annual growth rate of 19% over the last seven years,” said Brad Bernstein, managing partner of FTV Capital. “With its outstanding management team, vertical expertise and operational excellence anchored in a customer-centric approach, LSS is well positioned to continue to lead in this market. A profitable, high-growth and founder-owned business, LSS is highly representative of the innovative companies which FTV Capital seeks to partner. We look forward to bringing the best of our 22 years’ domain expertise in logistics, BPO and emerging markets to help accelerate the company’s enormous potential.”
“Already in partnership with many of the world’s top-tier logistics companies and expanding to address a huge market need, LSS has clearly established itself as the leader in the category,” said Jerome Hershey, senior investment advisor at FTV Capital. “LSS’s ability to be a true partner to their diverse customer base is attributed to the company’s experienced management team who have long-standing careers in the logistics industry, giving them an exceptional view into their customers’ pain points.”
As part of the transaction, FTV Capital’s managing partner Brad Bernstein, senior investment advisor Jerome Hershey, and vice president Brent Fierro will join Lean Staffing Solutions’ board of directors.
About Lean Staffing Solutions
Lean Staffing Solutions has revolutionized the way companies look to outsource their back- and front-offices by providing nearshoring solutions in Colombia. LSS specializes in the transportation and logistics industry and works with US-based companies to enhance their back- and front-office operations. Since 2014, LSS has worked with over 100 satisfied customers, partnering with them to establish a satellite office in Cartagena, Barranquilla, Bogotá and Medellín. Led by industry veterans, LSS has grown its workforce to over 1,500 employees due to its continued focus on customer service and the expansion of offering to provide support across organizations. For more information, please visit leanstaffingsolutions.com.
About FTV Capital
FTV Capital is a growth equity investment firm that has raised nearly $4 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in more than 115 portfolio companies, including Centaur, CloudFactory, Derivative Path, Docupace, Enfusion Systems, InvestCloud, Liberis, Riskalyze, Strata Fund Services, Sunlight Financial and successfully exited companies including Empyrean Benefits (acquired by Securian Financial), ExlServices (IPO), Fleet One (acquired by WEX), Globant (NYSE IPO), Health Credit Services (acquired by Ally Financial), MedSynergies (acquired by Optum), Mu Sigma (acquired by shareholders), and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco and New York. For more information, please visit ftvcapital.com.
Gena Mann
VP of Sales & Marketing
214-507-3167
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Alexa Ottenstein
Prosek Partners for FTV Capital
646-402-2494
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AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that it plans to undertake a capacity expansion of its Geismar, Louisiana biorefinery by 250 million gallons annually to 340 million gallons per year.
This announcement follows a thorough review and site selection process. Construction should begin in mid to late 2021 with target mechanical completion date in late 2023.
“REG Geismar has proven to be a tremendous asset for our company and is a natural site for increasing production of our lower carbon renewable diesel,” said Cynthia (CJ) Warner, President & CEO of REG. “The state of Louisiana and Ascension Parish have been great partners who encouraged us every step along the way as we developed our expansion plan. They truly understand the broad economic and environmental benefits that renewable fuels provide, and we look forward to our continued partnership with them as we undertake this project.”
REG expects the expansion will require approximately $825 million in capital investment and is committed to supporting jobs and economic development in the communities in which it operates. Louisiana’s Governor John Bel Edwards announced his support for this project with the inclusion of an incentive package that contains comprehensive workforce support and tax incentives.
“Louisiana is recognized as a global leader in energy,” Louisiana Gov. John Bel Edwards said. “That’s an accomplishment we take great pride in, especially as we pursue lower greenhouse gas emissions through our Climate Initiatives Task Force. Attracting investments like REG’s low-carbon project shows Louisiana can be both an energy leader and a climate leader.”
REG Geismar was the first renewable diesel plant built in the U.S. and was acquired by REG in 2014. REG made additional improvements to the plant, taking its initial 75-million gallon nameplate facility up to 90-million gallons per year of demonstrated capacity.
“This is an exciting milestone for our business as we continue to advance our drive to produce low carbon fuels at significant scale,” said Warner. “We are developing this project with our proprietary process technology, and are proud to continue to deliver sustainable fuel solutions to our customers and accelerate the transition to cleaner energy.”
Renewable diesel is a 100 percent renewable, drop-in fuel alternative to diesel fuel. Renewable diesel has seen strong demand particularly in regions focused on lowering carbon emissions in transportation fuels.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the planned expansion of the Company’s facility in Geismar, Louisiana, and the expected costs and timing thereof and expected workforce support and tax incentives related thereto, the Company’s future business and the demand for renewable diesel. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s inability to obtain the capital needed to complete the expansion project, cost overruns and construction delays, the inability to obtain governmental permits and third party easements required or necessary to initiate or complete the expansion project, and other risks and uncertainties described in REG's annual report on Form 10-K for the year ended December 31, 2019 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
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(515) 239-8184
Oil and gas data analytics now available for subsurface data insights
HOUSTON--(BUSINESS WIRE)--#dataanalytics--Katalyst Data Management announced today the launch of their new Katalyst 360 data analytics platform for the oil and gas industry. This self-service data analytics environment provides a 360 degree view of how subsurface data assets are being utilized within an organization. Katalyst 360 greatly expands the utility of Katalyst’s data management solutions, giving oil and gas companies the ability to gain greater insight into their valuable subsurface data assets.
Katalyst 360 features analytics dashboards that are synchronized to an oil and gas company’s subsurface data. The platform comes with ready to use dashboards that display multiple attributes such as project status, data completeness and process efficiency. Users also have the ability to easily create and customize their own dashboards for analytics specific to their needs. For the first time, E&P companies can easily extend their understanding of their data and draw insights from the entirety of their subsurface data investment.
The new analytics platform was built for Katalyst Data Management’s signature iGlass solution, a multi-cloud database with over 80 petabytes of subsurface data under management. Subsurface data managed by iGlass feeds the Katalyst 360 analytics environment, and plans are to further enrich the platform with additional data, including oil and gas operational, economic and production data, as well as public data. This evolution will build on the goal of Katalyst 360, which is to enable oil and gas companies to use analytics to implement predictive and prescriptive actions.
“Our data science team has done an excellent job creating the Katalyst 360 analytics platform for our iGlass users,” stated Katalyst President and CEO Steve Darnell. “We’re proud of their efforts and are thrilled to see the benefits that our clients have realized already. There is so much potential with Katalyst 360, even beyond iGlass, and we cannot wait to see what it can do.”
For more information, visit katalystdm.com/analytics.
About Katalyst (www.katalystdm.com)
Katalyst Data Management provides complete subsurface data management and digital transformation services, assisting oil and gas companies with the challenge of managing ever increasing volumes of subsurface data acquired for exploration and production. Today, Katalyst manages over 80 petabytes of subsurface data from one of our five global locations – Houston, Calgary, London, Perth and Kuala Lumpur. Katalyst’s end-to-end data management services include every step in the subsurface data life cycle, from digital transformation and verification, to multi-cloud storage and organization, to data analytics and subsurface consulting. Katalyst’s signature offerings include the online iGlass solution for subsurface data management and the SeismicZone.com virtual brokerage for seismic data resale.
Steve Darnell, President and CEO
Katalyst Data Management
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James Lamb, Senior VP, Global Sales and Marketing
Katalyst Data Management
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--From the need to better integrate renewable energy into the grid to ensuring increased resilience and reliability while pursuing a lower-carbon footprint, electric utilities are pressing to thoughtfully transform themselves into an ever-evolving, complex energy ecosystem. Black & Veatch’s new 2020 Strategic Directions: Electric Report details these drivers and provides insight into the most effective way for the electric industry to respond.
The global engineering, consulting, procurement and construction (EPC) leader’s survey of more than 600 leaders in the industry offers deep perspective on a power sector where “new energy” in the form of renewables drawn from solar and wind, both on land and increasingly offshore, continues to accelerate. Calls for decarbonization from corporations, activists, shareholders, states and nations are increasing, fueling the need for utilities to balance energy portfolios in a move towards cleaner, more environmentally friendly options.
Key insights for 2020 include:
“After 130 years, the power industry is being repowered as sweeping changes are guiding more focus on a consistent, methodical adoption of innovative practices to ensure the sector’s relevance,” said Mario Azar, president of Black & Veatch’s power business. “Now more than ever, consumers expect their power providers to be progressive and proactive, further emphasizing the need for reliable and resilient energy supplies.”
Other notable findings in the report include:
Editor’s Notes:
About the Strategic Directions Reports
Black & Veatch’s high-impact Strategic Directions Report series provides industry insights and analysis based on market-leading research. Encompassing several annual reports, including smart utilities, water and electric, the series serves to inform and educate industry players on key issues, challenges and opportunities. Visit http://bv.com/reports to learn more.
About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.
Media Contact Information:
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866-496-9149
Bernard Looney (CEO, BP), Ahmad A. Al Sa’adi (SVP of Technical Services, Saudi Aramco) and Øyvind Eriksen (President and CEO, Aker ASA) will open virtual event with session on “What’s Next for the Global Energy Transition.”
OSLO, Norway & AUSTIN, Texas--(BUSINESS WIRE)--Cognite, a leader in industrial innovation, will host its third annual global conference “Ignite Talks: Industrial Intelligence Augmented: Reimagining How Minds and Machines Work Together” from Oct. 27-29, 2020. The free virtual event will feature global leaders and innovators who are driving industries and supply chains toward a more innovative, data-driven, sustainable future.
“The world is at a technological, economic, and environmental crossroads like never before, and we are looking forward to discussing pressing issues among some of the industry’s best,” said John Markus Lervik, Cognite CEO.
The full agenda for this free online conference can be found here and at www.cogniteignite.com.
Day-by-day overviews and panel highlights are listed below:
October 27: Igniting Industrial Transformation: Europe & Norway’s Leading Role
Opening day spotlights how leaders in Europe are melding minds and machines, and inspiring a transformation of heavy-asset industries and supply chains. Panel highlights:
October 28: America’s Industrial Transformation
The technology prowess of the United States and raw innovative capacity is unmatched, and its heavy-asset industries are taking steps to leverage technology at scale in order to jump-start digital transformations. What will it take to succeed, what role does technology play? Panel highlights:
October 29: Driving a Global Transformation from the Bottom Up
The domains and technologies behind the scenes are the real drivers of industrial transformation. The final day gives an insider's view into technology adoption, empowering users with data and domain-specific insights into subsurface and exploration, detection and warning, ocean data, sustainability, and more. Panel highlights:
About Cognite
Cognite is a global industrial software-as-a-service (SaaS) company supporting the full-scale digital transformation of heavy-asset industries around the world. Their key product, Cognite Data Fusion (CDF), empowers companies with contextualized OT/IT data to drive industrial applications that increase safety, sustainability, and efficiency, and drive revenue. Visit us at www.cognite.com and follow us on Twitter @CogniteData or at LinkedIn: https://www.linkedin.com/company/cognitedata
Michelle Holford
Global PR Lead - Cognite
+15127443420 (US)
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STAMFORD, Conn.--(BUSINESS WIRE)--Crane Co. (NYSE: CR) announces the following schedule and teleconference information for its third quarter 2020 earnings release:
Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers in the chemicals, oil & gas, power, automated payment solutions, banknote design and production and aerospace & defense markets, along with a wide range of general industrial and consumer related end markets. The Company has four business segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. Crane Co. has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.
Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com
Patented solutions support green energy boom by empowering utilities to predict optimal energy supply mix and pricing to meet grid demand and ensure grid reliability.
COSTA MESA, Calif.--(BUSINESS WIRE)--#AI--Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced it has entered the energy sector with Veritone Energy, a suite of proprietary, predictive AI solutions that will help utilities increase profitability and improve grid reliability as they make the transition to renewables.
“We are thrilled to be adding a new vertical to our growing customer bases in the Media & Entertainment and Government, Legal and Compliance markets,” said Chad Steelberg, Chairman and CEO of Veritone. “Every year, over $750 billion is invested in global electricity generation and distribution projects, giving Veritone Energy a significant opportunity to showcase how our cutting-edge, predictive AI technology can help the world reduce its dependence on fossil fuels.”
Veritone has already begun to deploy its AI energy technologies with a leading U.S. utility and is in advanced talks with other potential private and public sector customers and partners.
Veritone Energy's patented solutions use AI to optimize energy distribution across diverse energy grids. By applying advanced models, rules and learning to weather forecast, energy demand, pricing, and device data, the solutions help utilities automatically predict optimal energy supply mix and pricing to meet grid demand, in real-time. The utility can now more accurately predict how much energy, at what price, to send to which device, and when. Veritone estimates this real-time forecasting capability will translate to millions of dollars of cost savings for utilities in saved energy, device longevity, and optimal energy prices.
The company’s announcement comes as the increasing use of clean energy sources is creating enormous reliability and safety challenges for utilities due to the ageing U.S. electric grid, which still relies on human decision-making. Two-way power flow between legacy and renewable devices can cause network congestion, inconsistent energy delivery and blackouts. The need for synchronization and optimization to enable utilities to add renewable sources has never been greater. As Gartner states in their 2020 Market Guide for Advanced Distribution Management Systems, “The confluence of the 4D megatrends (digitalization, decentralization, decarbonization and democratization) is driving structural changes in energy provisioning systems. To manage electricity delivery networks safely and effectively given the new requirements of the energy transition, utilities need a solution that serves as the ‘nerve center’ of the digital grid.”* Veritone’s energy solution is key to that nerve center.
“The green energy boom is impossible without digital innovation,” Steelberg said. “Hamstrung by legacy infrastructure, and challenged by electrical grids that are becoming more distributed and complex, the energy sector urgently needs AI to make clean energy production more predictable, reliable and cost effective.”
Weather and energy demand are constantly changing, creating significant challenges for utility companies and equipment providers that need to deliver energy from a wide variety of old and new energy sources consistently and profitably. Day-ahead forecasting of always-changing weather is not enough.
“Unlike other predictive energy solution providers that use the past to predict the future, Veritone’s patented CDI technology predicts the future using the present. Veritone combines current data from multiple sources — weather sensors, load demand systems and distributed grid devices — to predict optimal energy dispatch, allowing utilities to accurately and dynamically meet future grid demand, whether minutes, hours or days ahead,” said Veritone Chief Energy Scientist Dr. Wolf Kohn. “Our active device synchronization technology ensures safe and reliable operation of distributed energy resources with the grid on a constant basis, rather than relying on historical feedback loops that may not accurately reflect the present state. We do this with patented, Hamiltonian-based models and machine learning that occurs both centrally and at the device level. This approach enables distributed, autonomous edge device decisions using low-cost processors that can be more cost effectively deployed on-premise, via Internet of Things devices or in the cloud.”
With a proprietary operating system for AI and more than 20 issued and pending patents covering its aiWARE-based energy technology, Veritone’s highly customizable solutions can be applied to solve a wide range of challenges facing the industry, including solar smoothing, demand response, micro-grid synchronization, intelligent device control, voltage optimization, regulatory compliance, dispatch optimization and high-speed energy arbitrage.
Veritone Energy’s flagship solutions include:
“Veritone's predictive AI technology brings much-needed optimization and efficiency to the energy grid, helping reduce energy consumption and provide greater stability," said John Zangardi, President of Redhorse Corporation, a leading U.S. government services provider. "Veritone's ability to leverage massive amounts of historical and real-time data to effectively balance energy supply and demand, with automated synchronization of grid assets for maximum reliability, is a real game changer in the energy industry."
More information about Veritone Energy’s solutions and services is available at https://www.veritone.com/energy.
*Gartner “Market Guide for Advanced Distribution Management Systems,” Zarko Sumic, Lloyd Jones, 29 July 2020
About Veritone
Veritone (NASDAQ: VERI) is a leading global software and solutions provider at the forefront of the artificial intelligence (AI) revolution. The company’s proprietary operating system, aiWARE™, the world’s first operating system for AI, democratizes AI as well as orchestrates an expanding ecosystem of machine learning models to transform audio, video, and other data sources into actionable intelligence. Veritone is helping to solve systemic and intractable problems in multiple sectors, including energy, media & entertainment, government, legal & compliance and public health & safety. Veritone is headquartered in Costa Mesa, California, and has offices in Denver, London, New York and San Diego. To learn more, visit veritone.com.
Safe Harbor Statement
This news release contains forward-looking statements, including without limitation statements that the Veritone Energy solutions will help utilities increase profitability and improve grid reliability as they make the transition to renewables, and statements regarding the features and capabilities of the Veritone Energy solutions and their expected benefits to customers, including the company’s estimate that its real-time forecasting capability will translate to millions of dollars of cost savings for utilities. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Allison Zullo
Walker Sands, for Veritone
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312-241-1474
Public safety solution enhances collaboration between patrol officers and dispatchers
PLANO, Texas--(BUSINESS WIRE)--$TYL #tylertech--Tyler Technologies, Inc. (NYSE: TYL) today announced the Long Beach Harbor Patrol Officers and Dispatchers in California have successfully gone live with Tyler’s New World Enterprise CAD™ and New World ShieldForce® solutions, along with New World Enterprise Records™, mobile messaging, and mobile field reporting.
The implementation of Tyler’s solutions replaces the agency’s previous tracking system used to manage dispatch activity.
“We recognized the need to implement a true computer-aided dispatch solution to better manage dispatch activity, streamline communication across the agency, and enhance our reporting processes,” said Jeremy Vetterlein, technical security project manager of Long Beach. “Tyler’s solution is already improving critical communication between our patrol officers and dispatch staff. The solution allows us to precisely locate and quickly respond to issues in the field, helping to ensure safety in our community.”
In addition to the CAD solution, the Long Beach Harbor Patrol Officers and Dispatchers will also leverage Tyler’s latest solution for public safety, New World Enterprise Records.
Following a completely virtual go-live, the Port of Long Beach is now using a true comprehensive CAD solution. A few notable features and benefits include:
“We’re pleased to bring the Port of Long Beach live with our comprehensive public safety solution, including CAD and enterprise records,” said Bryan Proctor, president of Tyler’s Public Safety Division. “Not only will our CAD solution and reporting capabilities increase efficiency for dispatching, but it will also allow their staff to allocate resources to other critical tasks.”
The Port of Long Beach is the second-busiest container seaport in the United States. It serves 175 shipping lines and handles trade valued at $200 billion annually, supporting 2.6 million jobs across the nation.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler's solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 26,000 successful installations across more than 10,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler was named to Forbes' "Best Midsize Employers" list in 2019 and has been recognized three times on Forbes’ "Most Innovative Growth Companies" list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.
Jennifer Kepler
Tyler Technologies
972.713.3770
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HOUSTON--(BUSINESS WIRE)--Centurion Pipeline L.P. (“Centurion”) today announced that the Augustus Pipeline is on schedule and expected to commence service on December 1, 2020. The 20”/18” Augustus Pipeline provides true physical connectivity for WTI, WTL, and WTSR from Midland, Texas to Crane, Texas. The Augustus Pipeline connects Centurion’s existing Midland Terminal, which currently has approximately 2 million barrels of storage capacity, to multiple long-haul pipelines originating at Crane, Texas. If you have questions about transportation on the Augustus Pipeline, please contact Scott Hutson at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Centurion Pipeline L.P.
Centurion Pipeline L.P. is a crude oil pipeline operator that owns and operates approximately 3,000 miles of pipeline extending from southeast New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma. With a significant crude oil storage facility in Midland, Texas, that has the capability to store approximately 2 million barrels of multiple qualities of crude oil, the company is well positioned to accommodate customer demand. Centurion is a wholly-owned subsidiary of Lotus Midstream, LLC.
Casey Nikoloric
TEN|10 Group, LLC
303.433.4397, x101 o
303.507.0510 m
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Industry Veteran Raymond Wisniewski, Sr. Joins Upstart Logistics Company
LOS ANGELES--(BUSINESS WIRE)--Whisk Logistics announced today the appointment of its newest board member, industry veteran Raymond Wisniewski, Sr. as Chief Revenue Officer. Wisniewski, known for his tenure in the supply chain industry, joins his son, Whisk President and Founder Ray Wisniewski, Jr., GLS, and Whisk COO Paul Hennessy, Esq.
Whisk Logistics is an asset-based logistics company located in Los Angeles, California, specializing in port drayage, transload, and truckload solutions for shippers. Currently servicing California, Arizona, and Nevada, the company has expanded rapidly in just four years.
Raymond Wisniewski, Sr. joins Whisk Logistics following a successful forty-year career with National Retail Systems, Inc. (NRS), most recently as its President and COO from 2000 to 2016. Known for being an innovator in new technologies and growth, Wisniewski began his career in 1978 as a dispatcher with NRS. He led the company’s expansion into California to become one of the Nation’s leading line-haul transportation companies. Under this direction the company grew from a locally based operation to over 1,000,000 square feet of warehousing and a fleet of 5,000 vehicles. Within NRS Wisniewski oversaw the creation of the i-track system, a proprietary tool that allowed for real-time visibility of freight movement. This created true partnership between shipper and client by sharing same information at the same time, a major advancement in the industry. He developed one of the top truck maintenance programs in the country. Wisniewski, Sr. was chosen as the only freight consolidator to sit on the committee that created the EDI standards that serve as the backbone for today’s ecommerce in shipping.
“It’s been an exciting four years full of rapid growth and new developments. We are thrilled to bring on an industry veteran with such an esteemed background to help take Whisk Logistics to the next level,” said Raymond Wisniewski, Jr.
ABOUT WHISK LOGISTICS
Founded and operated by Ray Wisniewski, Jr. since 2016, Whisk Logistics is a full-service logistics provider headquartered in the greater Los Angeles area that leverages three generations and more than sixty years of experience customizing the most effective transportation and distribution management solutions available for its customers.
The values of the Wisniewski family are evident in Whisk’s mission statement, which is to develop long term partnerships with its customers by providing exceptional service and value. Whisk’s management team builds on its enduring relationships with many of the Nation's largest retailers, manufacturers, and suppliers to provide best in class service for its customers. For more information, visit www.whisklogistics.com.
Laurie Wisniewski
818-208-7704
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HOUSTON--(BUSINESS WIRE)--#accounting--Opportune LLP, a global provider of business advisory services to the energy industry, is pleased to announce that it has successfully upgraded its back-office P2 BOLO software solution in less than four months. The firm utilizes, among other applications, BOLO as one of its software applications to provide oil and gas clients the most efficient and cost-effective integrated outsourced solutions.
Opportune is the largest provider of back-office accounting and land administration services in the U.S., accounting for approximately 40,000 wellbores and over 150 entities. The firm offers a full suite of services including, but not limited to, land and lease administration, owner relations, revenue and AP/JIB accounting, production, treasury and financial reporting. Opportune’s client base includes operating companies, first purchasers, midstream, mineral interests, family offices and institutions.
With the upgrade, additional applications and an intensive ongoing training program, the Opportune platform has continued to evolve as the best-in-class outsource provider. Following the roll-out, Opportune’s clients will see:
“We are very excited about our continued investments in our platform and team, which further demonstrate our commitment to adding value to our clients,” said Opportune Partner Carl Wimberley.
Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services. Opportune’s service lines include complex financial reporting, dispute resolution, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax, transactional due diligence and valuation.
Bryan Sims
713-490-5050
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CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced plans to release its fiscal 2021 first quarter financial results on Wednesday, October 28, 2020, before the market opens. The Company’s fiscal 2021 first quarter ended September 30, 2020.
The quarterly conference call for investors and analysts will begin at 10 a.m. ET on October 28. Neil A. Schrimsher – President & CEO, and David K. Wells – CFO will discuss the Company’s performance. A supplemental investor deck detailing latest quarter results will be available for reference on the Investor Relations portion of the Company’s website at www.applied.com. To join the call, dial 877-311-4351 (toll free) or 614-999-9139 (International callers) using conference ID 2164357.
A live audio webcast can be accessed online through the investor relations portion of the Company’s website at www.applied.com. To help ensure you do not miss any of the conference call, please dial-in or link to the call 15 minutes prior to the scheduled start. Replays of the call will be made available for two weeks via webcast or telephone by dialing 855-859-2056 or 800-585-8367 (both toll free), or 404-537-3406 (International) using conference ID 2164357.
About Applied®
Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise. For more information, visit www.applied.com.
Ryan D. Cieslak
Director – Investor Relations & Treasury
216-426-4887 / This email address is being protected from spambots. You need JavaScript enabled to view it.
SASKATOON, Saskatchewan--(BUSINESS WIRE)--#erp--ProjectLine Solutions Inc. (www.projectline.ca), a leading ERP (Enterprise Resource Planning) implementation and support partner for small and mid-size businesses, announces Prairie Heritage Seeds Organics Inc. (phsorganics.com) as its newest customer. With customers across Canada, ProjectLine will be delivering the SAP Business One implementation project from its Saskatoon, SK office.
Prairie Heritage Seeds is working to provide healthier food alternatives through sustainable agriculture. Starting as a Saskatchewan family farm, they have grown to be an international leader within the organic grain industry.
To continue growing the business, Prairie Heritage Seeds was looking for an ERP solution that would simplify their processes and give them full product traceability. SAP Business One proved to be the best fit ERP solution to meet their needs and ease the transition for their team. As a pioneer in the ERP space, SAP Business One offers a stable, solid foundation for growth. “It’s a system being used by thousands of companies – SAP Business One simply has good credentials,” said Pierre Auclair, Business Development Manager at Prairie Heritage Seeds.
Working with a local ERP partner that understands agri-food business was important to Prairie Heritage Seeds. ProjectLine’s demonstrated understanding of the industry and approachable nature made for a good fit. “I was glad I found a company in Saskatchewan that had the knowledge of what’s going on in the farming world,” said Pierre.
“We’re excited to welcome Prairie Heritage Seeds to the ProjectLine family,” said Derin Hildebrandt, CEO, ProjectLine. “Their team values strong relationships, just as we do. We’re looking forward to partnering with them as they grow their business.”
About ProjectLine Solutions
We sell, implement and support best-in-class ERP software for small and mid-size businesses. We believe putting people first is the best way to make technology work for them. It’s a conviction that sets us apart. The shift to a new ERP system can be daunting and disruptive. But it doesn’t have to be. As an SAP gold partner since 2004, we know the system inside out. We ease the inevitable uncertainty that comes with an ERP project, helping our customers transition with the highest level of empathy, consideration and fit. Experience the human side of ERP. Visit www.projectline.ca to learn more.
About SAP Business One
SAP Business One is an ERP system designed specifically for small and mid-size businesses. It offers an easy-to-use, yet powerful, integrated system to support growth, providing transparency and instant visibility into operations. The solution helps companies manage their entire business across financials, sales, customer service and operations, while eliminating redundancy and improving efficiency. Customers have flexibility to extend the solution for industry-specific needs, with more than 500 pre-integrated solutions from local SAP partners.
SAP Business One is the registered trademark of SAP AG in Germany and several other countries.
All other product and service names mentioned are the trademarks of their respective companies.
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ProjectLine Solutions Inc.
Jalene Ippolito
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3030 Louise Street Saskatoon, SK S7J 3L8
306-373-3150 EXT 124
AUSTIN, Texas--(BUSINESS WIRE)--HUVRdata, Inc. (“HUVR”), a cloud-based industrial asset management solution, has announced a Series A financing led by Cottonwood Venture Partners (“CVP”). Joining CVP in this round was Austin based Wild Basin Investments who made the initial seed investment in HUVR in 2015. This financing will allow HUVR to accelerate product development and continue to deliver innovative solutions and services to its growing customer base in the alternative energy, oil and gas, maritime, and other industrial sectors.
HUVR provides a software platform that streamlines and standardizes inspection workflows for both industrial asset owners and service providers with the goal to drive operational efficiency. The company’s industry-leading open platform approach allows industrial asset owners a new way to aggregate and analyze all aspects of complex asset inspection data, including a variety of inspection tools, third party service data, digital checklists, and native databases. The HUVR platform results in a single, standardized data repository that enables unprecedented insights and analytics, such as the ability to visualize trends across the fleet, site, and individual assets.
“HUVR was built alongside our customers’ operations teams – designed from the ground up to be simple to use, flexible to implement, and valuable from day one. We are the first to build an open platform where asset inspection data can be aggregated with valuable and configurable reporting and analytics. The vision was to have asset owners own their own asset data, and, more importantly, to use their data to make business decisions. The results are significant efficiency gains and millions of dollars in savings,” said HUVR co-founder and CEO Bob Baughman.
HUVR is the latest software company to join CVP’s portfolio of leading energy technology solutions. Ryan Gurney, Managing Partner of CVP, added, “The volume of industrial inspection data is growing exponentially. Operators are deploying new inspection tools to inspect a growing, and aging, asset base. The tools and processes of the past are simply unable to handle the data. The HUVR platform allows its customers to aggregate their vast amounts of inspection data – more importantly, HUVR is enabling its customers to gain insights from that data. We are delighted to partner with the HUVR team in the next chapter of their growth.”
About HUVR
HUVR provides software solutions to accelerate digital transformation in the alternative energy, oil and gas, maritime, and other energy and industrial sectors. Our technology and best practices enable our clients to transform Enterprise Asset Management into Smart Asset Governance. Our solutions empower our clients to break down data silos and integrate imagery, inspection data, and legacy enterprise asset management databases. Through powerful analytics, HUVR provides visibility and actionable insights across all asset operations. For more information, please visit www.huvrdata.com.
About Cottonwood Venture Partners
Cottonwood Venture Partners ("CVP") is an investment firm partnering with technology companies that provide digital solutions for the energy industry. CVP invests in technology companies that have achieved early customer adoption and require capital to accelerate growth. CVP leverages its expertise and relationships in energy and technology to help drive growth at its portfolio companies. For more information, please visit www.cottonwoodvp.com.
About Wild Basin Investments
Wild Basin Investments is a closely held investment firm located in Austin, Texas with a long-standing portfolio emphasis on private early-stage and growth investments. Wild Basin was formed in November 2007 as the most recent investment vehicle for a group of experienced investors who have participated in private equity, venture, and angel investing since 1987. WBI invests alongside other venture capital firms, family offices, private equity funds, and angels, serving as deal leads or as helpful co-investors. WBI reserves significant capital for follow-on investment into our portfolio companies. www.wildbasininv.com
Jenn Starr
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Partnership with Established, Chicago-Based Family Investors to Accelerate Leading Propane Distributor’s Growth Strategy
CHICAGO--(BUSINESS WIRE)--Pritzker Private Capital ("PPC”), a leader in family direct investing, today announced the completion of a successful recapitalization of Energy Distribution Partners (“EDP”), one of the leading distributors of propane and light fuels in North America. Pritzker Private Capital has invested alongside Concentric Equity Partners and Duchossois Capital Management, in partnership with EDP’s management team, who will continue to lead the business. Financial terms were not disclosed.
Headquartered in Chicago, Ill., EDP operates 26 regional branch locations spanning 10 states across the United States. The company serves more than 120,000 residential, commercial, industrial and agricultural customers through a diverse network of service centers. EDP was founded in 2012 by Thomas Knauff, an industry veteran with a track record of founding and building energy distribution companies. The company has successfully grown through acquisition of locally-managed market leaders and plans to continue to expand and diversify through the addition of new retail propane and midstream operations.
“EDP is a recognized leader in the propane distribution industry with multiple avenues for continued growth and a terrific leadership team,” said Ryan Roberts, Investment Partner – Services at PPC. “We are delighted to partner with EDP’s management team to support the continued expansion of the company’s national footprint and build on its proven track record of success.”
“Since our founding, EDP has cultivated a culture committed to delivering outstanding quality and service across all of the local markets in which we operate,” said Thomas Knauff, CEO of EDP. “Our collaboration with PPC, Concentric and Duchossois will advance our growth strategy as we build upon the exceptional standard of quality, service and safety for which EDP is known. This is the ideal long-term partnership to guide EDP into our next chapter.”
Paul Carbone, President and Managing Partner at PPC, said, “We are pleased to collaborate on this opportunity with two highly respected Chicago-based family investors. Together, in partnership with the EDP team, we look forward to continuing to build a market-leading business and achieving long-term success.”
Said Ken Hooten, Partner at Concentric Equity Partners, “On behalf of Concentric, and our primary investor, the Steans family, we’re delighted to join Pritzker Private Capital and Duchossois Capital Management, two like-minded family investment firms, to support a strong, growth-focused business like EDP. We believe this partnership will benefit EDP’s team, customers and all of the company’s stakeholders.”
The investment in EDP enhances Pritzker Private Capital’s family of services companies, which includes ENTACT, a leading environmental remediation and geotechnical construction services company; and Valicor Environmental Services, one of North America’s largest providers of non-hazardous wastewater treatment services.
Stifel acted as exclusive financial advisor to EDP.
About Energy Distribution Partners
Energy Distribution Partners (EDP) is a rapidly growing company with the deep experience in retail propane operations. The company provides safe, reliable propane service to residential, commercial, industrial and agricultural customers in California, Minnesota, Wisconsin, Michigan, Ohio, Pennsylvania, New York, South Carolina, West Virginia and Washington. Energy Distribution Partners pursues a long-term strategy of acquiring successful distributors of propane and other light fuels in the midstream energy sector, retaining the brand name and employee base, and preserving the culture and leadership in local communities. EDP has become a significant player in the propane industry, recently recognized as one of the top 10 independent multi-state marketers, selling more than 100 million gallons of propane and light fuels in 2019. Since its inception in 2012, EDP has helped more than 25 owners of well-run propane businesses transition to their own “next chapter” while benefiting everyone involved. For more information, visit Edplp.net.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services, and healthcare sectors. The firm's differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal family capital partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.
About Concentric Equity Partners
Concentric Equity Partners is a private investment firm based in Chicago, IL. We partner with leading middle market companies by providing capital and strategic advisory to accelerate long term value creation. Our approach is simple: support entrepreneurs and operators by providing the resources required to achieve extraordinary results. CEP’s investment team is made up of individuals with distinguished track records as operators and professional investors across a variety of growth oriented middle market companies. CEP is the direct investing arm of Financial Investments Corporation, a private asset management firm with over $2 billion in investment commitments under management. For more information, visit ficcep.com.
About Duchossois Capital Management
Duchossois Capital Management is a private investment firm owned by the Duchossois family. The firm’s operational expertise, industry knowledge and permanent source of capital creates long-term value alongside management teams and other investment partners. DCM brings additional capabilities through its extensive executive relationships, creative investment structures and expansive operating resources to a wide array of asset classes including private and public companies, private investment funds and real estate. For more information, visit dcmllc.com.
Abernathy MacGregor
Dan Scorpio / James Bourne
(312) 640-3111 / (213) 630-6550
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DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Pipe Coating Services in the US - Procurement Research Report" report has been added to ResearchAndMarkets.com's offering.
This report is intended to assist buyers of oil and gas pipe coating services. Pipe coatings, which are used for oil country tubular goods (OCTG) and line pipe, are suitable for corrosive environments and withstand high temperatures, scaling and pitch, thus allowing oil and gas to flow efficiently through the pipe.
Suppliers provide single-, double- and triple-layer external pipe coating services, as well as internal pipe coating solutions. Vendors also prepare the pipes, apply the primer and topcoat, supervise adhesion testing and perform repairs. Typical buyers include oil drilling firms, gas extractors and oil and gas field service providers, while vendors are specialists or multiline providers. This report does not cover oil country tubular modification and testing 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/7tb0xt
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and storage service provider, announced its qualification to participate in the ISO New England Forward Capacity Auction 15 (“FCA15”). The qualification will allow Sunnova’s residential solar portfolio to participate in the capacity market in the New England power system to help meet the market’s future demand for electricity.
Sunnova’s portfolio of distributed residential solar energy systems in New England is expected to start participating in the capacity market as early as 2021, with complete portfolio participation anticipated for the FCA15 commitment year beginning June 2024.
“As we continue to expand our energy service offerings, the aggregation and management of our solar and storage portfolio, and its participation in capacity markets and grid services, will drive further value for both Sunnova and our customers in the Sunnova network,” said William J. (John) Berger, Chief Executive Officer of Sunnova Energy International Inc. “We have one of the largest and fastest growing residential solar customer bases in New England and we look forward to leading the energy transition towards a more distributed and renewable grid by allowing our continued investment in solar services to help meet the broader energy needs in markets like ISO New England.”
“The recent FERC Order No. 2222, which aims to expand distributed energy resource (DER) participation across all power markets, directly aligns with our mission of powering energy independence, particularly during a time when the uncertainty surrounding the reliability of electric grids continues to grow,” said Michael Grasso, EVP and Chief Marketing Officer of Sunnova. “Our solar + storage service offerings give our customers more control, can protect them from power outages, and now can also participate in helping meet the overall energy needs of New England ratepayers.”
Sunnova is partnering with CPower Energy Management, one of the nation's leading demand-side energy management companies, to enroll and manage its residential solar portfolio in ISO-NE's On Peak Hours Resources (OPHR) passive demand response program. CPower's expertise in optimizing behind-the-meter resource participation in New England's capacity market will ensure Sunnova maximizes its revenue potential and ROI.
"CPower is honored that Sunnova has chosen to partner with us in this pioneering program," said John Horton, President and CEO of CPower. "CPower is the largest manager of demand side solar assets in the New England capacity market with an unmatched knowledge of the ISO New England market, and holds an unrivaled record of success as a DER aggregator. We look forward to working with Sunnova and helping them advance their goals in this space."
ABOUT SUNNOVA
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider, with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted™.
ABOUT CPOWER
CPower is a leading demand-side energy management solutions provider that helps commercial, industrial and government organizations in the US and Canada save on energy costs, earn revenue through energy curtailment, enhance their sustainability efforts, and contribute to a balanced, reliable grid. CPower serves more than 1,900 customers across North America by helping them achieve their energy goals.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, our statement that we have one of the largest and fastest growing residential solar customer bases in New England. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, our competition, fluctuations in the solar and home-building markets, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the Securities and Exchange Commission, including Sunnova’s annual report on Form 10-K for the year ended December 31, 2019. The forward-looking statements in this release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
Sunnova Energy International Inc.
Kelsey Hultberg, This email address is being protected from spambots. You need JavaScript enabled to view it.
OMAHA, Neb.--(BUSINESS WIRE)--#biosciencemonth--Bio Nebraska announced today that Governor Pete Ricketts officially proclaimed the month of October in Nebraska as Bioscience Month and recognized the celebration of the bioscience industry with a video message. Bioscience Month recognizes Nebraska’s diverse bio-ecosystem comprising the human and animal health sectors, educational research, renewable fuels, industrial biotech and agricultural processing, all of which are critical to the state’s economy and competitiveness in the global market.
“Nebraska’s strong workforce and business-friendly climate have sparked the growth of our bioscience industry,” said Governor Pete Ricketts. “Additionally, our abundant natural resources, agricultural innovation, and central location are highly attractive to bioscience companies.”
According to a recent report from the Biotechnology Innovation Organization (BIO), the bioscience industry in Nebraska plays a significant economic role in the state. In Nebraska:
“At Bio Nebraska, we are proud to represent over 80 bio-related member organizations whose work contributes greatly to the benefit of mankind, including the fight against COVID-19, while creating opportunities for economic development and growth across the state,” said Rob Owen, Bio Nebraska Executive Director. “We are grateful to Gov. Ricketts for recognizing the importance of Nebraska’s bio-ecosystem by proclaiming October Bioscience Month.”
Throughout the month, Bio Nebraska will celebrate Bioscience Month through a series of virtual offerings, including a special COVID-19 briefing for Nebraska Legislators and a presentation for Nebraska Women in STEM, both featuring bioscience leaders in Nebraska. Visit bionebraska.org to learn more.
About Bio Nebraska
Founded in 2005, Bio Nebraska is a non-profit trade association dedicated to supporting, promoting and growing Nebraska’s bio-ecosystem. Bio Nebraska represents over 80 member companies from all segments of our state’s bio-ecosystem and works to connect the bio-ecosystem to the world to create opportunities for economic development and growth in the state. For more information, visit bionebraska.org.
Sasha Forsen, Bio Nebraska
402.658.1263
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Justin Pinkerman, Governor’s Office
402.471.1967
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