Market growth for outdoor lighting is attributed to a continued interest in lighting controls, driven by smart streetlighting deployments and controls for commercial sites
BOULDER, Colo.--(BUSINESS WIRE)--#LEDs--A new report from Guidehouse Insights examines the global market for outdoor lighting and controls, providing a brief analysis of market issues with forecasts for luminaire and lamp unit shipments and revenue, through 2029.
Businesses and governments have turned to more energy efficient outdoor lighting systems with goals of decreasing energy, operating costs, and emissions while meeting sustainability targets. As the efficacy of LEDs has increased and the price has declined, this lighting technology has become more desirable as an investment for outdoor lighting applications. LEDs have continued to penetrate the market and take market share from traditional lighting technologies such as high pressure sodium (HPS), metal halide, induction, and fluorescents. Click to tweet: According to a new report from @WeAreGHInsights, global shipments of luminaires for outdoor applications are anticipated to grow at a compound annual growth rate (CAGR) of 1.5% from 2020 to 2029.
“During the same 10-year period, lamp shipments for outdoor lighting applications are expected to decrease by 2.2% globally, which represents a lessening need to replace lamps as lighting technologies become more efficient and the installed base becomes more saturated with LEDs,” says Krystal Maxwell, senior research analyst with Guidehouse Insights. “Likewise, global revenue for both luminaire and lamps over the forecast period is expected to diminish as LED prices continue to decline.”
According to the report, growth in the outdoor lighting market is attributed to a continued interest in lighting controls, driven by smart streetlighting deployments and controls for commercial site lighting. Lighting controls, although also on the rise, have not seen the same levels of adoption as LEDs. More advanced controls have begun to see an uptick in adoption, though it is still limited.
The report, Market Data: Outdoor Lighting Systems, examines the global market for outdoor lighting and controls in city parks and public areas, sports parks, commercial site lighting, parking lots, parking garages, university and college campuses, roadways and highways, and other outdoor lighting applications. The study provides a brief analysis of the market issues, developments, and regional trends surrounding outdoor lighting systems. Global market forecasts for luminaire and lamp unit shipments and revenue, segmented by lamp type, product type, application area, and region, extend through 2029. The forecast also includes lighting controls unit shipments and revenue for motion sensors, photosensors, intelligent controls, and controls software. 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: Outdoor Lighting Systems, 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.
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NEW YORK & HOUSTON--(BUSINESS WIRE)--Glenfarne Group, LLC (“Glenfarne”), an investor, developer, owner, and operator of energy and infrastructure assets, announced today that its recently acquired Magnolia LNG export terminal development project located in Lake Charles, LA has received a five-year permit extension from the Federal Energy Regulatory Commission (“FERC”). Per the extension, Magnolia LNG will begin operations of the terminal by April 15, 2026. At the same time, FERC also extended the permit for the Kinder Morgan pipeline that will supply feed gas to Magnolia LNG.
“At 8.8 million tonnes per annum from a four train mid-scale design, we believe Magnolia LNG has the right size and scope to best compete in the current and future LNG market and is well-positioned to meet global demand starting in the middle of this decade,” said Brendan Duval, Founder and Managing Partner of Glenfarne. “Our LNG customers will transact with Magnolia LNG knowing they will receive LNG from one of the lowest-cost, most reliable, and most efficient terminals on the U.S. Gulf Coast.”
“Coming only a few months after our acquisition of Magnolia LNG, this extension approval is an important early milestone in our development plan, and it underscores our focused commitment and belief in the project,” said Vlad Bluzer, Managing Director of Glenfarne and President of Magnolia LNG Holdings, LLC.
Magnolia LNG sits on a 115-acre project site on the Industrial Canal near Lake Charles in Southwest Louisiana and has a long-term Lease Option Agreement in place with the Lake Charles Harbor and Terminal District. Magnolia LNG is permitted to receive natural gas through the existing Kinder Morgan Louisiana Pipeline and will pretreat, liquefy and store the LNG onsite for domestic use and export. Magnolia LNG will utilize the patented OSMR® liquefaction technology, a low-cost, highly efficient process configured to generate lower greenhouse gas (GHG) emissions than other conventional LNG processes.
Glenfarne has two operating subsidiaries: Alder Midstream, LLC, which focuses on building, owning, and operating midstream and LNG assets, and EnfraGen, LLC, a developer, owner, and operator of specialized power generation assets. Glenfarne’s total LNG export capacity is approximately 12.8 mtpa: 8.8 mtpa from Magnolia LNG and 4.0 mtpa from Texas LNG Brownsville, LLC, a FERC-permitted LNG export development project in Brownsville, Texas, majority-owned by Alder Midstream.
About Glenfarne Group
Glenfarne is a privately held energy and infrastructure investment, development, and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile; Bogota, Colombia; and Dallas, Texas. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets. For more information, please visit www.glenfarnegroup.com.
Kris Cole
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(310) 652-1411
LONDON--(BUSINESS WIRE)--#FlatGlassMarket--Technavio has been monitoring the flat glass market and it is poised to grow by 23.86 million MT during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain SA, CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Taiwan Glass Ind. Corp., and Vitro SAB De CV are some of the major market participants. The rising demand from solar energy sector will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Flat Glass Market 2020-2024: Segmentation
Flat Glass Market is segmented as below:
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Flat Glass Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The flat glass market report covers the following areas:
This study identifies investments in construction projects globally as one of the prime reasons driving the flat glass market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Flat Glass Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user by Volume
Market Segmentation by Type by Volume
Market Segmentation by Raw Materials
Customer landscape
Geographic Landscape by Volume
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Onboard hydrogen generation for marine and off-road mobility applications
BENICIA, Calif.--(BUSINESS WIRE)--#H2Tech--RIX Industries (“RIX”), a leading developer of pneumatic energy technology, announced today that it has licensed proprietary methanol-based M-Series hydrogen generator technology from Element 1 Corp (e1). Under the terms of the license agreement, RIX has been granted rights to manufacture and deploy e1’s M-Series on-board hydrogen generators for use in fuel cell mobility applications, including marine vessels and off-road vehicles such as mining trucks, tractors, and heavy-lift trucks in both North America and Europe.
Governments across the globe are striving to reduce harmful emissions into the air and waterways. Tightening regulations combined with corporate sustainability initiatives are driving a massive migration to non-polluting electric propulsion systems, many of which utilize hydrogen fuel cells. RIX’s history of supporting the maritime industry, including the US Navy, together with e1’s methanol to hydrogen generator offers end-users an opportunity to adopt fuel cell motive solutions and work towards a zero-emissions future.
“RIX Industries has a global reputation for excellence and the addition of e1’s class-leading technology to our portfolio strategically aligns with our brand and our growth strategy,” said Bryan Reid, Chief Sales Officer at RIX. “We are focused on the clean energy future and firmly believe that there is a significant market opportunity that can be effectively addressed by RIX incorporating e1’s M-Series hydrogen generator into power solutions.”
Dr. David Edlund, e1 CEO, said, “e1 is delighted and privileged to be collaborating with RIX. They are a first-class manufacturing partner and a long-time authorized supplier to multiple branches of the U.S. military along with a wide range of commercial and industrial end-users. The on-board hydrogen generation technology being licensed to RIX is unique to e1 and is highly enabling to the mass commercialization of fuel cell systems for a wide variety of transportation-related fuel cell applications. I anticipate our relationship with RIX to broaden substantially over the not too distant future,” concluded Dr. Edlund.
The onboard storage of methanol used by e1’s hydrogen generators requires a fraction of the space on a maritime vessel as compared to compressed hydrogen, enabling a significantly greater range between fueling. This range extension is critical for not only marine vessels but also for heavy and medium-duty fuel cell trucks traveling long distances each day.
About RIX Industries:
Founded in 1878, RIX Industries is a technology-focused company, headquartered in Benicia, CA, specializing in the design, development and manufacture of pneumatic energy storage, transfer and control system solutions, including gas generation systems, precision compressor solutions and cryogenic cooling technologies for critical applications in Marine, Aerospace, Land, Energy, Industrial and Medical markets.
Visit www.CreateCompressCool.com for more information.
About Element 1 Corporation:
Element 1 designs and develops novel processes to enable the commercialization of clean-energy products and processes and alternative-energy technology. Through licensing our IP to strategic partners, our mission is to significantly reduce barriers to the adoption of hydrogen technology and fuel cells for a range of applications and to reduce the waste and pollution associated with flaring natural gas.
For more information about Element 1, please visit www.e1na.com.
Elizabeth Schroeder
Marketing Manager
RIX Industries
Phone: 707.745.7198
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Robert Schluter
President
Element 1 Corporation
Phone: 541.678.5943
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AirWarden™ “Smart Drone Detection” Allows Placement of Sensor Electronics in A Data Center Up to 20 Kilometers Away from Detection Antenna
HOLMDEL, N.J.--(BUSINESS WIRE)--#CUAS--AeroDefense announced a revolutionary “Smart Drone Detection” deployment option for their proven AirWarden™ system. AirWarden’s existing four-inch, four-ounce detection antenna can now connect back to sensor electronics in a central location or data center over a fiber connection up to 20 kilometers away. Given its small size and weight, the antenna offers multiple mounting options to complement AirWarden’s Smart Drone Detection deployment model.
Urban environments challenge drone detection systems due to heavy radio frequency (RF) traffic. Complex structures that cause signal multipath and blockage issues necessitate high placement of equipment. Building owners may be reluctant to mount bulky hardware on their buildings. Similarly, airport runways cannot support bulky hardware mounting options. In both cases, aesthetics are important. While temporary deployments are sometimes considered a solution, this creates a gap in identifying nefarious actors who conduct test flights.
The AirWarden Smart Drone Detection deployment model allows for low profile, aesthetically pleasing drone detection that effectively detects, classifies, tracks, and locates drones and their pilots in heavy RF environments.
Smart cities can deploy fiber connected permanent antennas in critical areas and equip mobile command vehicles and marine vessels with the same small antenna and easily portable sensor electronics. Individual property owners can deploy on ethernet or fiber or wireless. At a smart airport, antennas can be deployed along runways and around airport perimeters.
AirWarden has been deployed in the congested RF environment of MetLife Stadium since 2018 and was recently successfully tested in New York City’s Times Square. Earlier this year, the National Institute of Aerospace selected AeroDefense for their inaugural Smart Airport and Aviation Partnership flightPlan Accelerator program.
Linda Ziemba, Founder and CEO of AeroDefense, said, “Our ability to deploy over fiber connections is completely unique to the counter-UAS market and optimal for smart airports and cities and large areas in general. We are eager to help protect these critical sites where drone detection has either been unsuccessful or impossible.”
For more information about AeroDefense’s Smart Drone Detection deployment, visit our web page.
About AeroDefense: AeroDefense provides fixed and mobile solutions to detect drones and pilots at airports, correctional facilities, stadiums, critical infrastructure, and other high value targets. AeroDefense’s Drone and Pilot Detect, Classify, Locate and Track System, AirWarden™, detects Radio Frequency (RF) drone signals, locates both drone and pilot simultaneously, and continuously tracks and alerts on the device locations. The system does not require legal authorization to operate. Based in Holmdel, NJ, USA, AeroDefense is a privately held, woman owned company. AirWarden is the first and only drone detection solution to receive the Department of Homeland Security SAFETY Act Developmental Testing and Evaluation Designation. To learn more about AeroDefense and AirWarden, please visit www.AeroDefense.tech.
Lexi Rinaudo, Marketing Manager
AeroDefense
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225.270.1347
LONDON--(BUSINESS WIRE)--#AntifoulingCoatingsMarket--The global antifouling coatings market size is poised to grow by USD 3.61 billion during 2020-2024, progressing at a CAGR of almost 15% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis
Technological developments will be one of the major factors that will drive antifouling coatings market growth. The global antifouling coatings market is witnessing several innovations that could facilitate the introduction of eco-friendly antifouling coatings. Regulations governing the safety of the environment are further inducing these innovations. For instance, numerous countries have regulated the use of copper in antifouling coatings. Copper compounds are the vital components of antifouling coatings. Adhering to the regulations, vendors have introduced non-stick foul release coatings, copper-free antifouling coatings, and nano antifouling coating into the market, increasing their sales.
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Report Highlights:
Read the full report here: https://www.technavio.com/report/report/antifouling-coatings-market-industry-analysis
Use of Eco-friendly Components will be a Key Market Trend
The use of eco-friendly components, one of the key antifouling coatings market trends, will also contribute to the growth of this market. Antifouling coatings contain chemicals that harm marine flora and fauna. Stringent regulations against the use of harmful chemicals have been introduced by the governments to safeguard marine environment. Research and experiments are being undertaken to look for alternatives to these harmful chemicals and replace them with eco-friendly ones. The market is expected to witness advancements in the coming years where the antifouling coatings with no biocide will be introduced. Several types of eco-friendly antifouling technologies such as clean core technology, low-density copper technology, ECONEA technology, water-based ablative, and white copper technology are already available in this market. Such factors will drive antifouling coatings market growth.
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Antifouling Coatings Market 2020-2024: Key Highlights
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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Bay Area Nonprofit Models the Financial Market to Build Trust and Accountability in the Carbon Market
SAN FRANCISCO--(BUSINESS WIRE)--Cool Effect, a Bay Area based 501(c)3 nonprofit focused on fighting the climate crisis, today announces The Seller’s Pledge. This legal commitment to transparency in pricing is part of Cool Effect’s Carbon Done Correctly program and is made to any buyer of carbon offsets from its platform. The Seller’s Pledge is now available for download from its website, cooleffect.org.
Cool Effect was created nearly five years ago to meet the surging demand from individuals, organizations and businesses who want to take action to reduce their carbon emissions then offset the rest with the highest quality carbon offset projects that demonstrate a true carbon benefit, full transparency in pricing, and secondary benefits.
The Seller’s Pledge commits to the following:
“If we are to have the success in the carbon market that we desire and the world requires, we must build trust through improved transparency of carbon offset transactions for the benefit of all market participants. In my 40 years in the financial markets, I have witnessed many cases where improved clarity and accountability of transactions led to remarkable growth,” said Cool Effect Co-founder Richard Lawrence who is also Executive Chairman of Overlook Investments Limited.
“Today’s announcement marks the beginning of The Seller’s Pledge and Cool Effect’s legal commitment to fully transparent transactions. We hope The Seller’s Pledge will build trust with high quality carbon offset buyers and that the entire market will embrace this pledge and help us bring trust to the carbon market for the buyers, the developers and the planet,” he continued.
The Seller’s Pledge is a key component to Carbon Done Correctly which is the basis for Cool Effect’s commitment to protect the reputation of its partners and provide a new level of trust in the carbon market for the large increase of new buyers.
“In daily conversations with potential buyers, one question always arises: ‘Why do your prices differ from other sellers?’” says Jodi Manning, VP of Marketing and Partnerships. “The answer is The Seller’s Pledge. Cool Effect commits to full disclosure on pricing. We want the buyer to know exactly what will be sent to the project, and we want the developer to know exactly what is being paid and what they will receive. As a nonprofit, we also work to ensure that both sides understand our 9.87% fee. We want every buyer to trust that their donation is going to make a difference.”
Cool Effect has experienced a significant increase of inquiries from businesses searching for carbon programs and high-quality carbon offsets. The June 2020 Equity Research report from Goldman Sachs states, “…we see significant potential momentum for offset usage as companies focus more intensively on climate strategy and reputational risk," noting that corporate use of offsets is about to accelerate if the carbon market can build trust.
Cool Effect was founded to provide buyers access to carbon offsets from high-quality projects as well as price transparency, and encourages individuals and businesses to expect those high standards when considering their commitments to sustainability. To download The Seller’s Pledge today, and read more about Carbon Done Correctly, visit cooleffect.org.
About Cool Effect
Cool Effect is a San Francisco Bay Area 501(c)3 nonprofit dedicated to reducing carbon emissions around the world by allowing individuals, businesses, organizations and universities to create a tangible impact on climate change by funding the highest quality carbon reduction projects that are verifiably and measurably reducing global warming emissions. The organization was founded by Dee and Richard Lawrence on their passionate belief that support of carbon offset projects will create a cumulative effect that will reduce and prevent carbon pollution. Like the Butterfly Effect, The Ripple Effect, and others, a single action can have global impact. To learn more, please visit cooleffect.org or follow Cool Effect on Facebook, Instagram, LinkedIn and Twitter.
Media Contact
Demonstrate PR on behalf of Cool Effect
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415.400.4214
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release third quarter 2020 earnings at the close of business on Wednesday, October 28, 2020. The earnings announcement will also be available on the Company’s website at www.NewMarket.com the following day. A conference call and internet webcast is scheduled for 3:00 pm EDT on Thursday, October 29, 2020 to review third quarter 2020 financial results.
You can access the conference call live by dialing 1-844-407-9500 (domestic) or 1-862-298-0850 (international) and requesting the NewMarket conference call. To avoid delays, callers should dial in five minutes early. A teleconference replay of the call will be available until November 05, 2020 at 3:00 p.m. EST by dialing 1-877-481-4010 domestic and 1-919-882-2331 international. The replay passcode is 38031.
The call will also be broadcast via the internet and can be accessed through the Company’s website at www.NewMarket.com or https://www.webcaster4.com/Webcast/Page/2001/38031. A webcast replay will be available for 30 days.
NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.
NewMarket Corporation
Investor Relations
Brian D. Paliotti, 804-788-5555
Fax: 804-788-5688
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MINNEAPOLIS--(BUSINESS WIRE)--2020 has been an award-winning year for Westwood Professional Services, Inc. (Westwood) and its people. Daniel Parks, PE, Westwood’s Minneapolis-based senior project manager, was selected by the Minnesota Real Estate Journal for its prestigious Engineer of the Year award.
Parks has managed notable commercial and residential development projects throughout the Twin Cities area for over 30 years. He is recognized by his clients for having a thorough understanding of their land development needs and assembling strong technical teams to deliver high-quality designs and services.
Parks says of the award, “I am grateful to be recognized with this award. During my career, I have had the good favor of working with quality clients and the many opportunities they have brought us. The Westwood staff also need to be recognized for their help in executing these outstanding projects for our clients and community.”
Parks is an active member of Westwood’s Corporate Giving Back Committee, Minnesota NAIOP, and has served in various roles with the Minnesota Shopping Center Association (MSCA).
The Annual Minnesota Real Estate Journal Real Estate Awards showcase Minnesota’s top real estate achievements and development projects.
About Westwood Professional Services, Inc. (Westwood)
Westwood is a multi-disciplined national surveying and engineering services provider for private development, public infrastructure, wind energy, solar energy, energy storage, and electric transmission projects. Westwood was established in 1972 in Minneapolis, Minnesota and has grown to serve clients across the nation from multiple US offices. View more Westwood facts.
Awards
In 2020, Westwood placed #4 and #9 respectively on Zweig Group’s national Hot Firms’ and Best Firms to Work For Lists. Westwood also ranked consistently higher three years in a row on the Engineering News Record (ENR) List as a leading design firm in the country. The firm consistently ranks on industry top 25 lists and receives recognition for its involvement on award-winning projects nationwide.
Sarah Kopp
Brand Communications Coordinator
952-207-7606
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BEND, Ore.--(BUSINESS WIRE)--Element 1 Corp (“e1” or “the Company”), a leading developer of hydrogen generation technology, announced today that its proprietary methanol-based M-Series hydrogen generator technology has been licensed to RIX Industries (RIX). Under the terms of the license agreement, RIX has been granted non-exclusive rights to manufacture and deploy e1’s M-Series onboard hydrogen generators for use in fuel cell mobility applications, including marine vessels and off-road vehicles such as mining trucks, tractors, and heavy-lift trucks in both North America and Europe.
Governments across the globe are striving to reduce harmful emissions into the air and waterways. Tightening regulations combined with corporate sustainability initiatives are driving a massive migration to non-polluting electric propulsion systems, many of which utilize hydrogen fuel cells.
Dr. David Edlund, e1 CEO, said, “e1 is delighted and privileged to be collaborating with RIX. They are a first-class manufacturing partner and a long-time authorized supplier to multiple branches of the U.S. military along with a wide range of commercial and industrial end-users. The onboard hydrogen generation technology being licensed to RIX is unique to e1 and is highly enabling to the mass commercialization of fuel cell systems for a wide variety of transportation-related fuel cell applications. I anticipate our relationship with RIX to broaden substantially over the not too distant future,” concluded Dr. Edlund.
“RIX Industries has a global reputation for excellence, and the addition of e1’s technology to our portfolio strategically aligns with our brand and our growth strategy,” said Bryan Reid, Chief Sales Officer at RIX. “We are focused on the clean energy future and firmly believe that there is a significant market opportunity that can be effectively addressed by RIX incorporating e1’s M-Series hydrogen generator into power solutions.”
The onboard storage of methanol used by e1’s hydrogen generators requires a fraction of the space on a maritime vessel as compared to compressed hydrogen, enabling a significantly greater range between fueling. This range extension is critical for not only marine vessels but also for heavy and medium-duty fuel cell trucks traveling long distances each day.
Element 1 Corp (Bend, Oregon):
Element 1 designs and develops novel processes to enable the commercialization of clean-energy products and processes and alternative-energy technology. Through licensing our IP to strategic partners, our mission is to significantly reduce barriers to the adoption of hydrogen technology and fuel cells for a range of applications and to reduce the waste and pollution associated with flaring natural gas. For more information about Element 1, please visit www.e1na.com.
RIX Industries:
Founded in 1878, RIX Industries is a technology-focused company, headquartered in Benicia, CA, specializing in the design, development, and manufacture of pneumatic energy storage, transfer, and control system solutions, including gas generation systems, precision compressor solutions, and cryogenic cooling technologies for critical applications in Marine, Aerospace, Land, Energy, Industrial and Medical markets.
Media Contact:
Robert Schluter
President
Element 1 Corp
Phone: 541.678.5943
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
e1 Investor / Analyst Contact:
Greg Haugen
CFO
Element 1 Corp
Phone: 541.639.1711
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
RIX Industries Contact:
Elizabeth Schroeder
Marketing Manager
RIX Industries
Phone: 707.745.7198
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Flame and Detonation Arrestors Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The flame and detonation arrestors market is poised to grow by $ 122.41 million during 2020-2024 progressing at a CAGR of 3% during the forecast period.
Our reports on flame and detonation arrestors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the revision of standards and guidelines for flame arrestors and increasingly strict methane emission standards.
The flame and detonation arrestors market analysis include application segment and geographic landscapes. This study identifies the growth of end-user industries as one of the prime reasons driving the flame and detonation arrestors market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The report covers the following areas:
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/qff0xr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For GMT Office Hours Call +353-1-416-8900
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced the realignment of certain members of Pioneer’s Management Committee. These changes are effective January 1, 2021 and support the Company’s continued goals to deliver long-term shareholder value.
Richard (“Rich”) P. Dealy, currently Executive Vice President and Chief Financial Officer (CFO), has been named President and Chief Operating Officer. Rich has served as CFO since 2004, overseeing a myriad of teams, both financial and operational, during his tenure. Rich has been an invaluable leader in many roles during his 28 years with the Company. He initially joined Parker and Parsley, a predecessor to Pioneer, in 1992. Rich graduated with honors from Eastern New Mexico University with a Bachelor of Business Administration degree in Accounting and Finance.
Neal H. Shah, currently Vice President (VP), Investor Relations, has been named Senior Vice President and Chief Financial Officer. Neal has served as VP, Investor Relations since joining Pioneer in 2017 and has been instrumental in shaping and communicating the Company’s corporate strategy. He has over 15 years of experience in finance and investment management including VP at Nuveen Asset Management, as well as financial positions at various investment banks. Neal earned his Bachelor of Science degree in Electrical Engineering from Louisiana State University and holds a Master of Business Administration degree from the University of Chicago Booth School of Business.
Elizabeth (“Beth”) A. McDonald, currently Vice President, Permian Strategic Planning and Field Development (SPFD), has been named Senior Vice President, SPFD and Marketing. Beth has served as VP, SPFD since 2019 and has been impactful in her many roles, including VP, South Texas Asset Team, during her 15 years at Pioneer. She initially joined Pioneer in 2005. Beth holds a Bachelor of Science in Petroleum Engineering from Texas A&M University in College Station.
Chief Executive Officer (CEO) Scott D. Sheffield stated, “When I returned as CEO in 2019 it was clear the shale model was undergoing a rapid transformation. Pioneer responded by evolving its business strategy, culminating in the new investment framework we outlined in August that focused on strong returns, low leverage, significant free cash flow and return of capital to shareholders. These management changes enhance Pioneer’s ability to execute our plan, driving value for shareholders.
I would like to recognize Rich, Neal and Beth on their new appointments. Their collective experience, commitment and impact to Pioneer have been pivotal in securing Pioneer’s leading operational and financial position. I look forward to working with Rich, Neal and Beth in their new roles over the coming years. I am confident that Pioneer has a bright future as we work to supply low-cost energy to the world while adhering to the highest environmental standards.”
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties are described in Pioneer’s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, and other filings with the Securities and Exchange Commission. In addition, Pioneer may be subject to currently unforeseen risks that may have a materially adverse impact on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592
Media and Public Affairs
Tadd Owens - 972-969-5760
EDISON, N.J.--(BUSINESS WIRE)--Eos Energy Storage LLC (“Eos”), a leading manufacturer of safe, low-cost and long-duration zinc battery storage systems, today announced a partnership with Verdant Microgrid (“Verdant”), a custom microgrid solution provider. Eos will supply its Znyth™ Zinc Hybrid Cathode Technology, the core of its Aurora™ stationary energy storage system, to Verdant’s California-based microgrids beginning in the fourth quarter of 2020.
As previously announced, B. Riley Principal Merger Corp. II (“BMRG”), a publicly traded special purpose acquisition company, and Eos have entered into a definitive merger agreement for a business combination that would result in Eos becoming a publicly listed company. Upon closing of the transaction, the combined company will be renamed Eos Energy Enterprises, Inc. (“Eos Energy”) and intends to list its shares of common stock on Nasdaq under the ticker symbol “EOSE”.
The Eos battery features a 100% depth of discharge and a wide operating temperature range to enable deployment without the use of costly thermal management measures such as HVAC cooling systems and fire suppression systems. The Znyth™ technology requires just five core commodity materials that are derived from non-rare earth and non-conflict minerals which are commercially available and scalable. The technology is also patent protected and made in the United States.
A microgrid is a self-sufficient energy system that generates power in close proximity to the area it serves. These systems are considered to be more efficient and cost effective than central grids because they do not lose as much electricity in transit and they strategically pull energy from various sources, such as the central grid or a battery, depending on the local demand for electricity at any given time.
“Verdant is excited to partner with Eos on this industrial microgrid project,” said Robert Babcock, a Partner at Verdant. “The Znyth™ battery technology and Eos’ configuration provide our platform with fire safety and energy flexibility that we cannot get from lithium-ion. We are confident that this first project between Verdant and Eos will demonstrate how expansive and beneficial microgrids can be for commercial clients as they provide resiliency, sustainability and cost savings in one package. We look forward to using Eos’ long duration solutions in both our behind-the-meter and utility scale projects in the future."
In addition to the current applications, Eos and Verdant anticipate their partnership will promote the benefits of solar generation and storage, and set an example for future microgrid applications in the United States.
“This partnership opens up new applications for Eos, with onsite energy generation and storage taking center stage,” said Dr. Balki G. Iyer, Chief Commercial Officer of Eos. “Verdant’s approach to on- and off-grid energy management helps reduce spikes in demand with a smooth, clean, cost efficient, reliable power supply. Good technology is the key to creating these value stories that can open a massive market for project owners and operators looking for storage solutions.”
For more information about Eos and its Znyth™ Zinc Hybrid Cathode Technology, please visit https://eosenergystorage.com/products-technology/.
About Eos Energy Storage LLC
At Eos, we are on a mission to accelerate clean energy by deploying stationary storage solutions that can help deliver the reliable and cost-competitive power that the market expects in a safe and environmentally sustainable way. Eos has been pursuing this opportunity since 2008 when it was founded. Eos has more than 10 years of experience in battery storage testing, development, deployment, and operation. The Eos Aurora® system integrates Eos’ aqueous, Znyth® technology to provide a safe, scalable, and sustainable alternative to lithium-ion. https://eosenergystorage.com
About B. Riley Principal Merger Corp. II
BMRG was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
About Verdant Microgrid
Verdant is a custom microgrid solution provider that provides combined heat and power, solar, battery storage and demand management in a turnkey, economical solution to energy intensive. Verdant recognizes that rapidly evolving technology and electricity market reforms present opportunities for energy-intense industries to optimize their energy costs while easing the burden on local utility grids. With Verdant, options for energy now include the ability to meet power, heating and cooling requirements with onsite generation. In addition, battery storage can be used to help offset peak use periods and to reduce demand charges from utilities. In extreme cases, Verdant energy and battery solutions can support taking facilities “off grid.” https://www.verdantmicrogrid.com/
Additional Information about the Business Combination
In connection with the business combination, BMRG has filed a preliminary proxy statement with the United States Securities and Exchange Commission (“SEC”). BMRG stockholders and other interested persons are advised to read, when available, the preliminary proxy statement and any amendments thereto and, once available, the definitive proxy statement, in connection with BMRG’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination, because the proxy statement will contain important information about BMRG, Eos and the proposed business combination. When available, the definitive proxy statement will be mailed to BMRG stockholders as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by BMRG when and if available, can be obtained free of charge by directing a written request to B. Riley Principal Merger Corp. II, 299 Park Avenue, 21st Floor, New York, New York 10171 or by telephone at (212) 457-3300.
For Eos Energy Storage LLC
Investors
Ed Yuen
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Media
Balki G. Iyer
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NEW YORK--(BUSINESS WIRE)--#earnings--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 28, 2020 at 10 a.m. Eastern Time to discuss its third quarter 2020 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 2148568 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 2148568. This conference call will also be accessible by webcast (audio only).
A replay of the conference call will be available from October 28 through November 11, 2020 by dialing 855-859-2056 and entering the pass code 2148568. Outside the United States, parties should dial 404-537-3406 and enter the pass code 2148568.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
For Hess Corporation
Investor Contact:
Jay Wilson, 212-536-8940
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Media Contact:
Lorrie Hecker, 212-536-8250
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DUBLIN--(BUSINESS WIRE)--The "Subsea Thermal Insulation Material - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Subsea Thermal Insulation Material Market to Reach US$99.9 Million by the Year 2027
Amid the COVID-19 crisis, the global market for Subsea Thermal Insulation Material estimated at US$76.6 Million in the year 2020, is projected to reach a revised size of US$99.9 Million by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027.
Polyurethane, one of the segments analyzed in the report, is projected to grow at a 3.9% CAGR to reach US$33.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polypropylene segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 23.9% share of the global Subsea Thermal Insulation Material market.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 6.3% CAGR for the Period of 2020-2027
The Subsea Thermal Insulation Material market in the U.S. is estimated at US$22.1 Million in the year 2020. The country currently accounts for a 28.86% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$17.3 Million in the year 2027 trailing a CAGR of 6.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$17.3 Million by the year 2027.
Silicone Rubber Segment Corners a 18% Share in 2020
In the global Silicone Rubber segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.4 Million in the year 2020 will reach a projected size of US$13.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.3 Million by the year 2027, while Latin America will expand at a 4% CAGR through the analysis period.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/davag6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that the Company has closed on the repricing of its $175 million term loan facility. The interest rate spread on the term loan was reduced by 50 basis points to LIBOR, with a 1.00% floor, plus 4.50%, compared to the prior rate of LIBOR, with a 1.00% floor, plus 5.00%. The interest rate on the Company’s revolving credit facility was unchanged at LIBOR plus 3.5% and the maturity date on both facilities remains unchanged in 2025.
Allan Dicks, Montrose’s Chief Financial Officer, stated, “This reduction in borrowing rates reflects the ongoing progress we have made in strengthening our balance sheet and improving our operational performance. This successful repricing provides us with additional financial flexibility to execute on our strategic initiatives and underscores the strong relationships we maintain with our financial partners.”
About Montrose
Montrose is a leading environmental services company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. With 1,700 employees across 70 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.
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 may be identified by the use of words such as “intend,” “expect”, and “may”, and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s filings with the Securities and Exchange Commission, including its final prospectus dated July 22, 2020, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
Investor Relations:
Rodny Nacier
(949) 988-3383
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Media Relations:
Doug Donsky
(646) 361-1427
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Renewable Energy Alliance Houston Will Advance Houston’s Clean Energy Future
HOUSTON--(BUSINESS WIRE)--#HoustonEnergyCapital--Today, Houston community leaders announced the launch of the Renewable Energy Alliance Houston (REAL Houston), with the goal of filling critical gaps in promoting, connecting and growing Houston’s energy businesses and workforce to accelerate the evolving energy transition.
Known as the “Energy Capital of the World,” Houston is evolving to meet the needs of a changing energy industry. The “Energy Transition” requires connecting, attracting and growing the businesses, innovators, capital providers and workforce needed in this evolution. REAL Houston brings together voices from Houston’s energy community and provides current and future industry stakeholders opportunities to connect, promote innovation and increase the visibility of Houston’s renewable energy businesses.
“As the headquarters for virtually every segment of the energy industry, Houston is the clear leader for our nation’s energy development,” said Kay McCall, REAL Houston executive director. “With the clean energy transition progressing, REAL Houston is poised to help Houston rise to meet these challenges and promote opportunities for Houston’s leaders to connect, share and grow.”
McCall added, “REAL Houston believes in leveraging the experience of all energy industries as part of the clean energy evolution and welcomes our community members to join us as we transition to the new energy economy. That’s why we’re proud to welcome our founding members, including Sunnova, Pattern Energy, EDF, Willkie Farr & Gallagher and HBW Resources.”
“As a leading residential solar and storage service provider headquartered in Houston, we are proud to be a founding member of REAL Houston and to rally the new energy community in Houston to ensure our city's standing as a leader in the energy transition," said Kelsey Hultberg, VP, Chief of Staff of Sunnova Energy International Inc. “Houston has been a global leader in the energy space, and now we have the opportunity to empower a community that will accelerate Houston's new energy future."
“For more than a decade, Houston has been our development headquarters and its dynamic job market has fueled our wind and solar business across North America with the best and brightest talent,” said Deann Lanz, Senior Director of Land at Pattern Energy. “Looking ahead, Houston will continue to be the cornerstone of our growing development business as we aim to fulfill our mission of transitioning the world to renewable energy.”
“Houston has become the center of the U.S. energy transition. We have seen clients from large utilities to private equity sponsors open offices here to leverage Houston’s energy talent base,” said Archie Fallon, Partner at Willkie. “The results are stunning – Texas is now the 5th largest global producer of wind power. We think this growth is still in its early days.”
“With a wealth of talent, capital, infrastructure and ‘know-how,’ Houston is extremely well-positioned to continue to drive the U.S. energy transition,” said Ryan Scott, Vice President for Policy at HBW. “Texas is already a leader in renewable energy production; we are very excited to help facilitate future growth in Houston.”
REAL Houston is developing online programming, including conversations with thought leaders, introductory opportunities for those not in the industry, innovation highlights and networking opportunities. For more information, please follow us on LinkedIn.
About Renewable Energy Alliance Houston
Renewable Energy Alliance Houston is a Houston-based 501(c)(6) organization that works to ensure Houston’s standing as the Energy Capital of the Future by increasing the visibility of the renewable energy industry, connecting thought leaders, growing the network of renewable energy industry professionals and promoting innovation.
About Sunnova Energy International
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 Pattern Energy
Pattern Energy is one of the world’s largest private renewable energy companies, with large operating and development footprints in the United States, Canada and Japan.
About Willkie Farr & Gallagher
Willkie Farr & Gallagher is an elite international law firm of approximately 750 lawyers located in 12 offices in six countries. For more than 130 years, Willkie has represented companies across a wide spectrum of businesses and industries.
About HBW Resources
HBW Resources, LLC (HBW) is a strategic consulting, advocacy and policy campaign firm exclusively focused on energy, environment and transportation issues. With four distinct corporate divisions (Communications, Federal Affairs, State Affairs and Regulatory/Legal), HBW brings an integrated, multidisciplinary approach to identifying challenges and implementing successful, tailored strategies.
Kay McCall
Executive Director, REAL Houston
P: 860-853-8774
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OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) will release third quarter 2020 financial results before market hours Wednesday, Nov. 4, and will host a conference call at 10 a.m. EST (9 a.m. CST) that day to discuss the results.
The toll-free dial-in number to access the conference call is 833-968-1938, and the international dial-in number is 778-560-2726. The conference call ID is 8109667. The call will accompany a live webcast, and a replay will be available afterward. The webcast can be accessed from Enable’s investor page at investors.enablemidstream.com.
ABOUT ENABLE MIDSTREAM PARTNERS
Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit www.enablemidstream.com.
Media
Leigh Ann Williams
(405) 553-6947
Investor
Matt Beasley
(405) 558-4600
NEW YORK & HOUSTON--(BUSINESS WIRE)--Glenfarne Group, LLC (“Glenfarne”), an investor, developer, owner, and operator of energy and infrastructure assets, announced today that its recently acquired Magnolia LNG export terminal development project located in Lake Charles, LA has received a five-year permit extension from the Federal Energy Regulatory Commission (“FERC”). Per the extension, Magnolia LNG will begin operations of the terminal by April 15, 2026. At the same time, FERC also extended the permit for the Kinder Morgan pipeline that will supply feed gas to Magnolia LNG.
“At 8.8 million tonnes per annum from a four train mid-scale design, we believe Magnolia LNG has the right size and scope to best compete in the current and future LNG market and is well-positioned to meet global demand starting in the middle of this decade,” said Brendan Duval, Founder and Managing Partner of Glenfarne. “Our LNG customers will transact with Magnolia LNG knowing they will receive LNG from one of the lowest-cost, most reliable, and most efficient terminals on the U.S. Gulf Coast.”
“Coming only a few months after our acquisition of Magnolia LNG, this extension approval is an important early milestone in our development plan, and it underscores our focused commitment and belief in the project,” said Vlad Bluzer, Managing Director of Glenfarne and President of Magnolia LNG Holdings, LLC.
Magnolia LNG sits on a 115-acre project site on the Industrial Canal near Lake Charles in Southwest Louisiana and has a long-term Lease Option Agreement in place with the Lake Charles Harbor and Terminal District. Magnolia LNG is permitted to receive natural gas through the existing Kinder Morgan Louisiana Pipeline and will pretreat, liquefy and store the LNG onsite for domestic use and export. Magnolia LNG will utilize the patented OSMR® liquefaction technology, a low-cost, highly efficient process configured to generate lower greenhouse gas (GHG) emissions than other conventional LNG processes.
Glenfarne has two operating subsidiaries: Alder Midstream, LLC, which focuses on building, owning, and operating midstream and LNG assets, and EnfraGen, LLC, a developer, owner, and operator of specialized power generation assets. Glenfarne’s total LNG export capacity is approximately 12.8 mtpa: 8.8 mtpa from Magnolia LNG and 4.0 mtpa from Texas LNG Brownsville, LLC, a FERC-permitted LNG export development project in Brownsville, Texas, majority-owned by Alder Midstream.
About Glenfarne Group
Glenfarne is a privately held energy and infrastructure investment, development, and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile; Bogota, Colombia; and Dallas, Texas. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets. For more information, please visit www.glenfarnegroup.com.
Kris Cole
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(310) 652-1411
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) will hold its quarterly conference call to discuss third quarter 2020 results on Wednesday, October 28, 2020, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The results will be released via press release after market close on Tuesday, October 27, 2020. We invite call participants to submit questions in advance of the conference call, and we will respond to as many of the questions as we can in the time allowed. To submit your question(s) in advance of the call, please email This email address is being protected from spambots. You need JavaScript enabled to view it..
Hosting the conference call will be Bob Biesterfeld, Chief Executive Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers dial +1-201-689-7817. The call will be limited to 60 minutes in length.
An audio replay will be available at http://investor.chrobinson.com. An audio replay will also be available by telephone until 11:30 a.m. Eastern Time on November 4 by calling 1-877-660-6853 and dialing the passcode 13711722#. International callers dial +1-201-612-7415.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With nearly $20 billion in freight under management and 18 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 119,000 customers and 78,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
Source: C.H. Robinson
CHRW-IR
Chuck Ives, Director of Investor Relations
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