LONDON--(BUSINESS WIRE)--#GlobalTurbineOilMarket--The turbine oil market will witness an incremental growth of 1500.05 K MT during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as the imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
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COVID-19 Highlights
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This turbine oil market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed turbine oil market insights here: https://www.technavio.com/report/turbine oil market-industry-analysis
Key Turbine Oil Market Research Findings
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Key Considerations for Market Forecast
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
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.
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DUBLIN--(BUSINESS WIRE)--The "2030 Allowances Price and GHG Emissions Forecast for WCI Carbon Market" report has been added to ResearchAndMarkets.com's offering.
The California Air Resources Board (CARB), provides annual emissions data for each facility within an organization. California Carbon compiles that data and segregates facilities into nine sectors. The publisher then looks at sector-wise macroeconomic indicators to derive a usable correlation between variables to provide the forecast up to 2030. In the emissions forecast for 2018, an accuracy of 99.6% was achieved against actual data. This report provides a forecast for emissions, supply-demand, and prices up to the year 2030.
The report is segregated into six sections. Section one of the report gives an overview of the present WCI market emissions. The reported emissions data from 2018 is analyzed by sector and major entity. Section two of the report evaluates how regulations have evolved over time, and how market prices have been affected by these regulatory shifts. Section three presents the sectoral emissions forecast through to 2030. Consequently, California Carbon Allowance (CCA) supply-demand forecast is laid out in section four. Section five builds on this balance to give a 2030 WCI price forecast. Whilst section six concludes some of the research and provides an opinion on the program's future.
Key Topics Covered:
1 Context for the market
2 WCI Regulatory Timeline
2.1 CaliforniaCarbon.info Model Update on the proposed entry of Oregon in the Cap and Trade program
3 California GHG Emissions Forecast
3.1 Forecast Methodology
3.2 Long-term sectoral emissions forecast
3.3 Sectoral breakdown of forecasted emissions and production
3.3.1 Transportation Fuel & CO2 suppliers
3.3.2 Natural Gas Suppliers
3.3.3 Refineries and Hydrogen Plants
3.3.4 Fossil Fuel Based Electricity Generation
3.3.5 Electricity Importers
3.3.6 Oil and Gas Production
3.3.7 Other Combustion Sources
3.3.8 Cement Manufacturing
3.4 Other Cogeneration
3.5 WCI's GHG emissions forecast
4 Supply- Demand Forecast of Carbon Allowances in WCI
5 WCI Carbon allowance price forecast
5.1 Assumptions:
5.2 Allowance price forecast under base case emissions scenario
5.3 Allowance price forecast under low case emissions scenario
5.4 Allowance price forecast under high emissions case scenario
5.5 Offsets
6 Looking ahead
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/i4rfjf
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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The Climate Pledge, a commitment co-founded by Amazon and Global Optimism, calls on signatories to take urgent action to meet the Paris Agreement 10 years early
Signatories are implementing real, science-based, high-impact changes to their businesses, including deploying renewable energy, investing in sustainable buildings, and mobilizing supply chains to reach net zero by 2040
SEATTLE--(BUSINESS WIRE)--Today, Amazon (NASDAQ: AMZN) and Global Optimism announced that Best Buy, McKinstry, Real Betis, Schneider Electric, and Siemens have joined The Climate Pledge, a commitment to be net-zero carbon by 2040—a decade ahead of the Paris Accord’s goal of 2050.
These new signatories to The Climate Pledge agree to:
“From hurricanes to forest fires, climate change is leading to very real, negative impacts to our daily lives even sooner than scientists expected. Every company has a role to play in fighting climate change, and we welcome these new Climate Pledge signatories who are stepping up and committing to reach net-zero carbon by 2040,” said Jeff Bezos, Amazon founder and CEO. “They are showing important leadership in accelerating the transition to a low carbon economy to protect the planet for future generations.”
To achieve a net-zero carbon footprint, Best Buy will continue to measure, manage and decarbonize its emissions, increase the energy efficiency of its operations, and invest in carbon offsetting projects. Since 2009, the company has reduced its carbon emissions by 56% through investments in LED lighting, controls systems and hybrid vehicles. The company has also undertaken investments in utility-scale solar generation like the Best Buy Solar Field, which powers the equivalent of 260 Best Buy stores each year. Through its previously established science-based target, the company aims to reduce emissions in its operations by 75% and help customers reduce product emissions by 20%, saving the company $5 billion on utility costs by 2030. And as it looks to the future and meeting the 2040 requirements of The Climate Pledge, Best Buy’s focus areas may include fleet electrification, energy efficiency, renewable energy investments, and the development of carbon offset projects.
“We are a purposeful, values-driven company, with a long history of environmental work that includes meaningfully reducing our carbon footprint and helping our customers do the same,” said Corie Barry, Best Buy CEO. “We are proud to take the next step by committing to The Climate Pledge. Simply put, our customers and employees expect this degree of commitment from us and the planet demands it.”
McKinstry, a U.S. engineering, construction and energy services firm, has a three-fold plan. McKinstry will reduce its net greenhouse gas emissions by 50% by 2025 and reach net-zero carbon by 2030. McKinstry will use its impact and influence to support community organizations who are leading approaches to preserve the planet. It will also work with building owners and operators to deliver more buildings that aim for zero-carbon, energy-sharing, high-efficiency operations, and optimal building-to-grid interactions. This leads to occupant behavior that helps to transform buildings from blind energy consumers to valuable assets that serve the grid.
“Buildings account for 40% of energy use in the United States and 36% globally,” said Dean Allen, McKinstry CEO. “Emerging, complex building technologies are unlocking the potential to radically reduce carbon emissions and operate buildings with startling efficiency. It will take working together across industries to deploy these technologies and decarbonize the global building stock and dramatically improve energy efficiency. Working with other Climate Pledge companies, I believe we can meet this goal and drive real, lasting change.”
Real Betis, a professional football club based in Seville, Spain, has measured its carbon footprint and is implementing plans to reduce its emissions while at the same time purchasing carbon offsets from certified climate protection projects. In an effort to reduce its carbon emissions, the club is installing a “smart illumination system” in its 60,000-capacity Estadio Benito Villamarín stadium and is attempting to reduce its reliance on single-use plastic. It is also focused on serving as a role model for its fans: for the upcoming season, Real Betis is developing a list of sustainable initiatives to help fans reduce carbon emissions.
“At Real Betis, we are committed to tackling climate change,” said Ramón Alarcón, Real Betis general business director. “We are also helping to raise awareness to address the climate crisis, by engaging with our players and fans. We understand that climate change is a threat to the livelihoods and the wellbeing of everyone on the planet, and we are committed to doing our part. We are very excited to be the first football club in the world to join this program, and we can’t wait to work with Climate Pledge companies to ramp up our efforts.”
Fighting climate change has long been at the heart of Schneider Electric’s strategy and innovation roadmap, much ahead of its COP 21 Carbon Pledge endorsement. For Climate Week 2020, Schneider is accelerating its own carbon neutrality commitments and reaffirming that it will be carbon neutral in its operations by 2025 and have net-zero (no offset) emissions by 2030. It is also promising to have all of its products be carbon neutral by 2040, with full end-to-end neutrality, as well as having a net-zero supply chain by 2050. Schneider’s corporate pledge was amongst the first +1.5 degree Celsius roadmaps approved by the Science Based Target Initiative (SBTi).
“Sustainability is at the core of everything we do at Schneider, and digital innovation is critical to address the challenge of climate change,” said Jean-Pascal Tricoire, Schneider Electric chairman and CEO. “We will progress faster towards a sustainable and inclusive world if we progress together. This is why we joined The Climate Pledge – to deliver carbon neutrality.”
Siemens’ goal is clear: all production facilities and buildings worldwide are to achieve a net-zero carbon footprint by 2030. To reach this objective, Siemens is focusing on four levers: green energy procurement, improving energy efficiency, decentralized energy systems (e.g. photovoltaics on factory rooftops), and the electrification of its car fleet. Besides, Siemens has initiated a new Managing Board compensation system that is also linked to sustainability targets, such as CO2 emissions reduction targets.
“Climate change is one of humanity’s greatest challenges of our time. Businesses need to lead the way towards accelerated decarbonization. In September 2015, Siemens became the first global industrial company to commit to achieving carbon neutrality for our global operations by 2030. Today, we reemphasize our commitment to this goal and are looking forward to joining forces with other Climate Pledge companies to help ramp up global efforts,” said Joe Kaeser, Siemens AG president and CEO.
“The Paris Agreement set out a unifying roadmap for all countries and all people to address the climate crisis by taking action. The IPCC has informed us that we cannot warm the planet beyond 1.5 degrees Celsius and that the faster we achieve net-zero emissions, the better,” said Christiana Figueres, the UN’s former climate change chief and Global Optimism founding partner. “By joining The Climate Pledge, signatories are not just making a statement of commitment to the future, they are setting a pathway to significant actions and investments that will create jobs, spur innovation, regenerate the natural environment and help consumers to buy better starting now. This is what leadership looks like in resetting the global economy.”
Last year, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Eleven organizations have now signed The Climate Pledge including: Amazon, Best Buy, Infosys, McKinstry, Mercedes-Benz, Oak View Group, Real Betis, Reckitt Benckiser (RB), Schneider Electric, Siemens, and Verizon—sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information visit www.theclimatepledge.com.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about.
About Global Optimism
Global Optimism exists to precipitate transformational, sector-wide change. Achieving a zero emissions future is not a far-off challenge. It’s one we must get on track for now. Every scientific assessment shows that to meet the goal of net -zero emissions by 2050, to keep global heating below 1.5 degrees Celsius, we must halve our emissions between 2020 and 2030. Tackling the climate crisis is only possible when everyone, everywhere plays their part. We work with like-minded collectives from all sectors who are willing to invest in the choices required to be on this challenging – and life-affirming – journey. For more information, visit https://globaloptimism.com/.
Amazon.com, Inc.
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VISALIA, Calif.--(BUSINESS WIRE)--California Bioenergy LLC (CalBio), Chevron U.S.A. Inc. and local dairy farmers today announced their joint venture, CalBioGas LLC, successfully achieved first renewable natural gas (RNG) production from dairy farms in Kern County. The milestone underpins the partners’ commitment to provide affordable, reliable, and ever-cleaner energy to California consumers.
Manure storage on dairy farms results in the release of methane, a greenhouse gas. CalBio brings technology and operational experience to help build digesters and methane capture projects to convert this methane to a beneficial use as RNG. CalBio, dairy farmers and Chevron are providing funding for digester projects across three geographic clusters in Kern, Tulare and Kings counties. As they are completed, these projects will mitigate the dairies’ methane emissions and reduce greenhouse emissions from livestock.
The dairy biomethane projects are designed to send dairy biogas to a centralized processing facility where it will be upgraded to RNG and injected into local utility SoCalGas’ pipeline. The RNG is then marketed as an alternative fuel for heavy-duty trucks and buses.
“The project is the result of efforts of a remarkable range of stakeholders, including the California Department of Food and Agriculture, the California Energy Commission and the California Public Utility Commission. CalBio also is honored to be supported by a group of California’s dairy farmers, Farm Credit West and Chevron, California’s largest energy company,” said N. Ross Buckenham, CalBio’s CEO. “These projects bring so many win-wins – they help create local jobs, improve local air quality by producing renewable natural gas for use in low-NOX emission fleets, and reduce dairy methane emissions.”
With other recent Chevron announcements – such as the Adopt-a-Port initiative with Clean Energy Fuels – this milestone further demonstrates the company’s action areas to increase renewables in support of its business and invest in lower-carbon technologies.
“This is an exciting milestone that speaks to the capabilities and can-do attitude of our partners – CalBio and dairy farmers – to bring this RNG to the California vehicle fuels market,” said Andy Walz, president, Chevron Americas Products. “Chevron is increasing RNG in support of our business and is making targeted investments and establishing partnerships, as we evaluate many emerging sources of energy and the role they will play in our portfolio. And as a proud California company, we are pleased that local communities in the state will benefit from this investment.”
About California Bioenergy
CalBio is a leading developer of dairy digesters for generating renewable electricity and vehicle fuel in California. Founded in 2006, CalBio has worked closely with the dairy industry and state agencies to develop programs to help the state achieve its methane reduction goals while delivering a new revenue source to California dairies. For more information, visit: www.calbioenergy.com
About Chevron
Chevron U.S.A. Inc. is a subsidiary of Chevron Corporation, one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, Chevron Corp is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
N. Ross Buckenham, CalBio CEO
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Sean Comey, Chevron External Affairs
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CLEVELAND & DALLAS--(BUSINESS WIRE)--Align Capital Partners (“ACP”) announced today the closing of a fifth strategic add-on for its utility market intelligence, data science and consulting platform E Source. Excergy (the “Company”) is a consulting and technology implementation firm that partners with water, electric, and gas utilities and municipalities; specifically helping its customers assess, design and deploy operational technologies, such as advanced metering infrastructure (“AMI”) solutions, through multi-year engagements.
Based in Denver, CO, Excergy’s services include all aspects of a project from determining technology needs, writing RFPs, vendor selection, implementation and integration, customer communication and project management to completion. “E Source is a great partner for Excergy as both our companies believe in the transformative power of utility technology,” said Jim Ketchledge, Excergy’s CEO. “Together we can help bring utilities and cities to the 21st century by better leveraging technology to capture, synthesize and use data to make optimized decisions, conserve resources and best serve their customers.” Ketchledge will now serve as the Executive Vice President of Operations for E Source’s Technology Planning and Implementation Consulting Division.
For more than three decades, over two-thirds of the electric and gas utilities in the US and Canada have trusted E Source to help solve their most complex challenges using data and consumer insights. “E Source looks forward to welcoming Excergy into our recently formed Technology Planning and Implementation Consulting Division. The Company’s team of industry veterans have been offering energy and water solutions for over 20 years,” said E Source CEO Wayne Greenberg. “Excergy’s experience in AMI implementation makes for a perfect fit to the UtiliWorks acquisition we completed in February of this year.”
The Excergy partnership represents continued efforts by E Source to bring industry-leading tactical solutions to its customers to help them address the challenges that utilities face today. ACP acquired E Source in June of 2019 and announced earlier this year the acquisitions of QuadROI, UtiliWorks Consulting, Trove Predictive Data Science and StrategyWise. The Company will be united under the E Source brand in the months ahead.
“2020 has been a transformative year for E Source with the addition of new service offerings such as predictive data science and smart technology consulting,” said Rob Langley, ACP Managing Partner and Co-Founder. “These acquisitions enhance E Source’s value proposition and strategically complement one another by giving E Source customers the competitive advantage and intelligence they need to succeed in a rapidly evolving market.”
Operating Partner Dave Perotti, Vice President Matt Iodice and Senior Associate Corey Roe worked alongside Mr. Langley on the transaction.
About E Source
E Source is the leading solver focused solely on electric, gas, and water utilities and municipalities. The Company provides predictive data science software, market research, benchmarking data, and consulting services to more than 300 utilities, municipalities, and their partners. E Source’s data and experience helps customers make the best data-driven decisions to strengthen customer relationships, plan for tomorrow’s infrastructure and smart technology needs, and further their environmental sustainability while becoming more innovative and responsive in the rapidly evolving market. For more information, visit esource.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees, and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing / distribution, and healthcare sectors. For more information, visit aligncp.com.
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Multi-Emmy award-winning journalist Val Zavala to lead conversation on the importance of women in STEM.
LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles announced an upcoming webinar with three of the top female explorers and scientists in the field of ocean exploration and conservation. The webinar will be focused on the role these women played in breaking barriers in their field. The webinar will take place on October 9 at 12 PM PDT. Pre-registration is required, and space is limited. The link to sign up for the event is: https://altasea-project-blue.org/webinars/.
The webinar will feature Dr. Carlie Wiener, Dr. Dawn Wright, and Allison Fundis – three of the leading scientists, communicators, and explorers in the field, who have blazed the trail for the next generation of ocean explorers. The October 9 webinar is the latest in a series of webinars that AltaSea has hosted in 2020 following their launch of Project Blue, a digital education platform designed to provide science-based programming through webinars and live chats and inspire the next generation of explorers.
“These remarkable women have broken the glass ceiling at the bottom of the ocean, exploring what has been traditionally a man’s domain,” said Jenny Krusoe, founding executive director of AltaSea. “Collectively, they have covered significant ground in the exploration of the vast ocean, and their careers light the path forward for the next wave.”
The webinar comes on the eve of AltaSea’s biggest event of the year, The Blue Hour, which is a drive-in experience focusing on LA as the global capital of the Blue Economy and the importance of educating young people on ocean exploration and conservation. The Blue Hour will honor those who have paved the way for AltaSea and those who will continue to forge new paths. Space at the October 10 experience is limited, and tickets can be found here: https://altasea-project-blue.org/project-blue-presents-2/.
Allison Fundis, Chief Operating Officer of the Ocean Exploration Trust (OET), has spent much of the last 15 years exploring the deep sea, investigating submarine volcanoes, other unique ecosystems, shipwrecks, and even searching for Amelia Earhart’s airplane. Her work has taken her to remote stretches of the world, where she has led or participated in more than 50 expeditions at sea. As the COO for Ocean Exploration Trust, Allison leads a team of talented scientists, engineers, and educators to conduct annual missions aboard exploration vessel Nautilus. She is passionate about making authentic opportunities in STEM available to students, educators, and the public through her work and serves as an IF/THEN Ambassador for the American Association for the Advancement of Science.
Dr. Carlie Wiener, Director of Communications and Engagement Strategy at the Schmidt Ocean Institute, has over thirteen years of experience in marine science communications. Dr. Wiener has taught several courses throughout her career, specializing on communicating oceanography and marine science to the public. She has over twelve publications printed in top scientific research journals across the country.
Dr. Dawn Wright, Chief Scientist of the Environmental Systems Research Institute (Esri), became the first African American female to dive to the ocean floor early in her career, and never stopped breaking barriers after that. She currently plays a critical role at Esri by strengthening the scientific foundation for their software and services. She also represents the company, a world-leading geographic information system software, research and development company, to the international scientific community. Additionally, Dr. Wright is an active board member of the National Oceanic and Atmospheric Administration (NOAA) and other conservation agencies. A professor of Geography and Oceanography in the College of Earth, Ocean, and Atmospheric Sciences at Oregon State University, Dr. Wright was honored as Oregon Professor of the Year in 2007.
Dr. Wright will be presented with the Ocean Innovation Award at The Blue Hour the following evening.
“We believe it’s important to recognize and honor those who are dedicated to forging paths for the next generation of explorers,” said Krusoe. “These women are the embodiment of strength and perseverance, and I’m excited to use our platform to promote their advice and words of encouragement.”
Moderating the October 9 webinar will be the multi-Emmy award-winning journalist, Val Zavala. Zavala spent 30 years as a broadcast journalist at KCET in Los Angeles, winning numerous journalism awards. During her career, Zavala has covered a broad spectrum of Southern California issues, including politics, the environment, and the economy.
About AltaSea at the Port of Los Angeles
AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.
For more information on AltaSea, please see our website: https://altasea.org
Jacob Scott
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High-performance, customizable Manitou pontoons to integrate both Garmin and Fusion Entertainment marine electronics for the 2021 model year
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the world’s leading marine electronics manufacturer1, today announced that Manitou Pontoon Boats will install marine audio packages from Fusion® Entertainment, a Garmin Brand, as the standard-fit for select model year 2021 pontoon boats. Manitou exclusively offers the Garmin ECHOMAP™ UHD 73sv and GPSMAP® chartplotters for its entire lineup and will add a range of Fusion Entertainment stereos, speakers and amplifiers for the upcoming boating season.
“It is clear to us that Manitou, along with other boatbuilders, are taking note of the lasting, high-quality marine audio Fusion can deliver for their boats. We take great pride in the reputation that Fusion is building with each new OEM we supply,” said Dan Bartel, Garmin vice president of global consumer sales. “With Garmin marine electronics already aboard Manitou pontoons, the added convenience of Fusion-Link™ seamless audio integration is sure to bring an incomparable on-the-water experience that Manitou customers can trust for years to come.”
“We are eager to expand our relationship with Garmin to include Fusion Entertainment for the 2021 model year,” said James Heintz, Director, Project Management, BRP Marine Group. “Our customers have come to expect a level of style and sophistication aboard our pontoons, including innovative technology. We knew that selecting Fusion for our marine audio solutions would be a key factor in meeting those expectations.”
Equipped with a full suite of Garmin marine electronics and a range of Fusion Entertainment audio packages, including RA210 stereos, Signature Series high-power amplifiers and XS Series 6.5” sport speakers, Manitou customers will discover the exclusive advantage of Fusion-Link entertainment control onboard their boats. The free Fusion-Link app for compatible Apple and Android devices allows users to control sound volume, song choice, source selection and more at the touch of a button in and around their pontoon. Beyond seamless integration, Fusion Entertainment audio products are engineered and tested with True-Marine™ to be durable enough for any condition while still providing a sleek design and stunning sound performance.
Manitou will factory-install Fusion Entertainment audio packages on its 2021 Aurora LE, Oasis and Encore models with premium upgrade packages available for both the Oasis and Encore. Other audio options from Fusion Entertainment are available to add to premium upgrade packages. To view the full line of Fusion audio products, visit fusionentertainment.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the fifth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Navionics®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
1 Based on 2019 reported sales.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Fusion Entertainment and Navionics are registered trademarks and ECHOMAP, GPSMAP, Fusion-Link, and True-Marine are trademarks of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2019, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Category: Marine
Riley Swickard
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DUBLIN--(BUSINESS WIRE)--The "Industrial Lubricants: Global Markets" report has been added to ResearchAndMarkets.com's offering.
In this report, the market has been segmented based on industrial end-use category, material, a form of material, application and region.
It offers an overview of the global market for industrial lubricants and analyzes global market trends, considering the base year of 2019 and estimates for 2020 and 2025. Revenue forecasts for 2025 are given for each industrial lubricant type, a form of material, application and region. Estimated values are derived from manufacturers' total revenues.
The report also includes a discussion of the major players in the market. Further, it explains the major drivers and regional dynamics of the market for industrial lubricants and current trends within the industry. The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors in the global market for industrial lubricants.
This report covers the technological, economic and business considerations of the industrial lubricants industry with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the industrial lubricants industry and their areas of application.
Global markets are presented by base oil, product type and end-use industry of industrial lubricants, along with growth forecasts through 2025. Estimates on sales value are based on the price in the supply chain at which the industrial lubricants are procured by manufacturers.
Market-driving forces and industry structure are examined. International aspects are analyzed for all world regions and base oil of industrial lubricants. Brief profiles of major global manufacturers are presented.
Report Includes:
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 COVID-19 Impact
Chapter 5 Market Breakdown by Type of Base Oil
Chapter 6 Market Breakdown by Type of Product
Chapter 7 Market Breakdown by End-Use Industry
Chapter 8 Market Breakdown by Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
Chapter 11 Appendix A: Acronyms
Chapter 12 Appendix B: Sources
For more information about this report visit https://www.researchandmarkets.com/r/rs0mvt
ResearchAndMarkets.com
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Partnership Building a Global Standard for Financed Emissions Assessment and Disclosure
ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong") (NYSE: HASI), a leading investor in climate change solutions, today announced it has joined the Partnership for Carbon Accounting Financials (PCAF), a global industry-led partnership to facilitate a consistent and transparent approach to assess and disclose greenhouse gas (GHG) emissions associated with loans and investments in the financial services industry.
With its membership, Hannon Armstrong joins a network of more than 70 financial institutions working to establish a common carbon accounting framework.
"Seven years ago, we became one of the first capital providers to evaluate the carbon efficiency of our investment portfolio utilizing CarbonCount, our proprietary scoring tool," said Hannon Armstrong Chairman and CEO Jeffrey W. Eckel. "By joining PCAF, we are pleased to partner with other financial institutions in developing a global and transparent standard on financed emissions that will enable investors the ability to measure the efficiency with which their capital is reducing carbon emissions and mitigating climate change."
Launched in 2019, PCAF will offer a consistent approach to portfolio carbon accounting that provides financial institutions the information required to inform actions and strategy, set climate targets, assess climate transition risks, and disclose progress. This approach feeds into the work of other climate disclosure guidelines and reporting initiatives, such as the Task Force on Climate-related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), and CDP.
"We are very pleased that Hannon Armstrong has taken a leadership position by joining PCAF," said Ivan Frishberg of Amalgamated Bank and a member of the PCAF Steering Committee. "Measuring the carbon impact of loans and investments is a fundamental building block for further climate action and is of growing importance to investors. As we work towards COP26 next year and further align the finance sector with the goals of the Paris Climate Agreement, we believe that PCAF and member financial institutions will play an important leadership role in that work."
PCAF published a draft version of the Global Carbon Accounting Standard on August 3, with public comments to be collected through the end of September. Visit PCAF's Global Carbon Accounting Standard page to view a copy of the standard.
Hannon Armstrong has long been recognized as a leader among U.S. companies in terms of GHG reductions and transparent disclosures. In 2013, the company developed CarbonCount®, a tool for evaluating investments in U.S. based renewable energy, energy efficiency, and climate resilience projects to determine the efficiency by which each dollar of invested capital reduces annual carbon dioxide equivalent (CO2e) emissions. In 2017, Hannon Armstrong became the first U.S. public company to commit to TCFD and was among the first companies to integrate TCFD recommendations into its financial filings beginning in 2018.
Earlier this year, Hannon Armstrong published its seventh annual sustainability report card disclosing the CarbonCount® associated with each investment. As of December 31, 2019, Hannon Armstrong's investments have avoided 3.2 million metric tons of CO2e annually and saved 3.4 billion cumulative gallons of water annually. More information about Hannon Armstrong's commitment to a sustainable and resilient future can be found at www.hannonarmstrong.com/esg/.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of June 30, 2020. Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit http://www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.
About Partnership for Carbon Accounting Financials
The Partnership for Carbon Accounting Financials (PCAF) launched in 2019, currently consists of more than 70 banks and investors who have committed to the PCAF initiative. PCAF participants work together to jointly develop the Global Carbon Accounting Standard for the financial services industry to measure and disclose the greenhouse emissions of their loans and investments. By doing so, PCAF participants take the first step required to assess climate-related risks, set targets in line with the Paris Climate Agreement and develop effective strategies to decarbonize our society. For more information see https://carbonaccountingfinancials.com/.
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LONDON--(BUSINESS WIRE)--#geothermalenergy--With rising environmental concerns, alternative energy options and renewable power have become highly demanded. Consumers and governments are shifting focus from fossil fuel dependency on sustainable solutions such as geothermal energy. This has led to a need for geothermal energy suppliers to keep pace with consumer demand and monitor their brand reputation. Infiniti’s media monitoring solution enables geothermal energy suppliers to connect with their client base, find relevant information about their competitors, and identify new opportunities in the geothermal energy space. Leveraging Infiniti’s media monitoring solutions can be the best step for your organization. Request a free proposal to learn more about Infiniti’s expertise in the geothermal energy supplier space.
“To engage with the online customers and benchmark their service with the competitors, geothermal energy suppliers are leveraging effective media monitoring services that enable them to effectively connect with their client base and act per their demands and preferences,” says an energy industry expert at Infiniti Research.
Business Challenge:
The client is a renowned geothermal energy supplier with many supplier units spread across the globe. They were facing difficulties with anticipating and interpreting public opinion and wanted to understand consumers’ preferences and their effect on brand image. Additionally, with media monitoring, the client sought to avoid issues that could have a detrimental impact on the company’s reputation. Therefore, the geothermal energy supplier approached Infiniti Research to leverage our expertise in offering media monitoring solutions. During the seven-week engagement, the client wanted to implement a media monitoring tool to gain competitive insights, devise market strategies, and value proposition in the geothermal energy supplier space.
Speak to industry experts to gain a more comprehensive understanding of Infiniti’s media monitoring solution and how it helps geothermal energy suppliers understand their consumers and vendors better.
Our Approach:
Infiniti’s media monitoring experts developed a comprehensive approach to assist the geothermal energy supplier. The approach included the following:
Business Outcome:
With Infiniti’s media monitoring solution, the geothermal energy supplier was able to build strong impressions, fulfill their business objectives, and drive profitability. Additionally, the client gained comprehensive insights into the geothermal energy market and understood competitors’ strategies and value propositions. The solution also helped the client identify and analyze customer satisfaction and discover new growth opportunities. The geothermal energy supplier also effectively measured media campaign reach and built customer engagement.
By leveraging Infiniti’s media monitoring solution, the geothermal energy supplier was able to:
To learn more about the business impact of Infiniti’s media monitoring solution, and gain comprehensive insights into the geothermal energy supplier space, read the complete article here.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to analyze competitive activity, see beyond market disruptions and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
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FreeWire Technologies, a leader in EV charging technology, achieves a first-of-its-kind safety milestone for its next-generation ultrafast electric vehicle charger.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--#boostcharger--FreeWire Technologies has announced that Boost Charger™ is the first battery-integrated ultrafast charging system to achieve UL certification. Boost Charger is the future of electric vehicle (EV) charging technology – a next-generation charger that boosts power at the grid edge instead of relying on utility upgrades. It uses existing low-voltage power coupled with an integrated battery buffer to enable ultrafast charging speeds while reducing installation costs & complexity by an order of magnitude. By eliminating grid upgrades, Boost Charger also makes ultrafast charging feasible at ten times as many locations as compared to traditional chargers.
Boost Charger is the first technology of its kind to be UL certified under both EV charging standards and energy storage standards. FreeWire’s proprietary lithium-ion battery pack is certified to UL 1973, and the entire system is certified to UL 2202, UL 2231-1, UL 2231-2, and UL 991. This suite of UL certifications ensures that all FreeWire products, which are manufactured at their corporate headquarters in San Leandro, California, have undergone extensive third-party testing & validation and that the company’s supply chain and manufacturing processes have met rigorous quality standards.
"FreeWire is rethinking the relationship with the grid. By leveraging our experience with flexible energy storage platforms, we’re providing high power at a low cost, wherever it's needed," said Arcady Sosinov, CEO and founder of FreeWire Technologies. "Today, very few locations use storage to enhance the grid; in the near future, most sites will use storage to reduce costs and provide resiliency. These UL certifications are major milestones that guarantee safe, high-performance operation and expansion of this innovative product.”
Battery-integrated charging technology addresses limitations in the current electric grid, enabling rapid expansion of necessary charging infrastructure to drive EV growth. Boost Charger is uniquely compatible with both three-phase and split-phase inputs, using low-voltage infrastructure that is readily available at most commercial locations. The design allows sites, previously restricted by that low-voltage infrastructure, to provide premium and ultrafast EV charging in public charging, workplace, or fleet applications.
“Boost Charger offers a step-change in charging solutions, enabling cities like Los Angeles to deploy EV charging on every street corner,” said Matt Petersen, CEO of Los Angeles Cleantech Incubator (LACI). “We are proud to have FreeWire as a LACI alumnus providing innovations to transform the transportation market.”
Boost Charger has been deployed in California and will expand to additional locations this year and throughout 2021. FreeWire's lead investors include BP Ventures, ABB Technology Ventures, and Energy Innovation Capital. FreeWire joined LACI in 2015.
About FreeWire Technologies
FreeWire Technologies merges beautiful design with convenient services to electrify industries formerly dependent on fossil fuels. FreeWire’s turnkey power solutions deliver energy whenever and wherever it’s needed for reliable electrification beyond the grid. With scalable clean power that moves to meet demand, FreeWire customers can tackle new applications and deploy new business models without the complexity of upgrading traditional energy infrastructure. For more information visit www.freewiretech.com.
FreeWire Technologies, Inc.
Connor Botkin, 415.779.5515 ext. 2000
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Annual Powering the Arts program supports local arts and cultural community challenged by COVID-19 pandemic
CHICAGO--(BUSINESS WIRE)--As the COVID-19 continues to challenge the ways art is performed and experienced, ComEd and the League of Chicago Theatres today announced grants of up to $10,000 each to 12 non-profit arts organizations throughout northern Illinois to support the arts and encourage creativity in these unprecedented times.
While COVID-19 may have silenced some studios and traditional stage performances for now, the grants provided will help work to create and perform art to continue. From a play that explores the lives of students during the desegregation of Evanston’s public schools to expanding accessibility to the arts through sensory-friendly performances, this year’s recipients are making important contributions to the arts and communities.
“COVID-19 has posed significant challenges to the arts community. Many artistic venues have closed and traditional performances with live audiences are unable to safely proceed. Despite these challenges, the artistic community across northern Illinois continues to find new ways to safely create and share their talent,” said Melissa Washington, senior vice president of governmental and external affairs at ComEd. “We are proud to work with the League of Chicago Theatres to support local arts programs, theatres and cultural institutions, and provide more equitable access to the arts in communities we serve.”
ComEd and the League, an alliance of more than 200 Chicago theatres, have worked together since 2018 through the Powering the Arts Program. ComEd funds the program, providing more than $100,000 to grantees this year, and the League serves as program administrator to grant recipients.
Earlier this spring, non-profit organizations submitted grant applications for Powering the Arts. An advisory committee composed of members of the region's non-profit arts and culture community reviewed the applications.
“I am truly proud of the partnership we have built with ComEd through this program, which provides exposure to the arts,” said Deb Clapp, executive director of the League of Chicago Theatres. “I have seen the tremendous impact of our work together, specifically among underserved communities whose exposure to the arts is otherwise limited. These grants bring vibrancy and joy to communities – even more important this year as we all feel the effects of COVID-19.”
Additional information on the ComEd Powering the Arts Program can be found at: https://leagueofchicagotheatres.org/comedpoweringthearts/.
The 12 ComEd Powering the Arts Program grant recipients for 2020 are:
Carlson Community Services (Chicago – Irving Park) This grant will expand Irving Park’s Fine Arts Concert Series, a multi-year endeavor, to include seniors living in a Chicago Housing Authority building in the community.
Changing Worlds (Chicago – Brighton Park) The grant will allow Changing Worlds to expand its partnership with Calmeca Dual Language Academy to reach more youth. The partnership will provide music instruction to youth in underserved areas of Brighton Park.
Collaboraction (Chicago – Englewood) The grant will provide free tickets for Englewood residents to Peacebook, Collaboraction’s annual performance festival of short works about peace and peacemaking in Chicago. Collaboraction is specifically focused on working in and with artists from Englewood and Chicago’s South and West sides. This grant gives residents the opportunity to enjoy the performances firsthand.
Definition (Chicago – Woodlawn) The grant will assist Definition in producing its first production on Chicago’s South Side. Definition will also provide workshops and classes in the theater design areas of scenic, costume, lighting, and sound, with the goal of building racial equity among the theater community.
Elmhurst Art Museum (Elmhurst, Ill.) This grant will allow Elmhurst Art Museum to expand its Art is for Everyone program, which gives children from underserved and low-income communities in grades K-8 in DuPage and Cook counties free transportation to and from the museum for a day of arts educational experience. Art is for Everyone currently delivers programming to nearly 600 underserved students annually.
Green Star Movement (Chicago – South and West sides) The grant will support GSM’s Community Arts Program, which is a collection of several multi-phase, multi-year partnerships with Chicago communities that are interested in improving their physical environment and healing their communities. The grant gives residents the opportunity to learn the scientific principles of mosaic, sculpture, and painting, and then collaborate to paint and install a public art mural in their community. Each project is durable, resistant to vandalization and does not require any maintenance or upkeep.
Instituto del Progreso (Chicago – Pilsen, Little Village and Back of the Yards) The grant will assist Instituto del Progreso in its bilingual performance program, Diez Minutos, Dies Latidos. The program is focused on Next Generation Voices that tell 10 distinct stories regarding the experiences and thoughts of student scholars and the daily challenges they encounter. The project will engage 25 to 30 students who are interested in performing arts and will be completed before May 2021.
Invictus Theatre (Chicago) The grant will support Invictus Theatre’s Shakespeare in the Courts program. The program is a juvenile detention diversion program where educators from Invictus Theatre partner with the Cook County Juvenile Probation system to take a trauma-sensitive approach to rehearsing a Shakespeare production three days a week for six weeks with youth in the Cook County Probation system. The program culminates in a performance for participants’ friends, family, judges and probation officers.
Maywood Art Center (Chicago – Maywood) The grant will allow Maywood Art Center to support Classical Ballet for New Audiences (CBNA) in its efforts to increase participation of school children in low-income and underserved communities. CNBA provides aspiring dancers from low-income communities with opportunities to develop a classical ballet repertoire and provide opportunities for children and families from underserved communities to view classical ballet in live performance.
Mudlark Theatre (Evanston, Ill.) The grant will help Mudlark Theatre remount Concerning Foster, an original play which explores the lives of Evanston students during the desegregation of Evanston’s public schools. The play brings to life Mudlark’s commitment to social justice theatre through stories about young people told by young actors. Mudlark Theatre partners with Illinois artists of color and collaborates with local organizations and community members to bring authenticity to the stories it tells.
Prairie Center (Schaumburg, Ill.) The grant will expand access to the arts through sensory-friendly performances at the Prairie Center that are welcoming and accommodating for adults and children on the autism spectrum and those with other developmental or cognitive disabilities or sensory sensitivities. In partnership with the Northwest Special Recreation Association (NWSRA), the PCAF will present two performances by Catapult Entertainment that are full shadow-illusion concerts, featuring movement and music, which are ideal for audiences with sensory sensitivities.
Total Link 2 (Northbrook, Ill.) The grant will help Total Link 2 provide innovative programs and services that teach critical life skills to help prepare young adults with intellectual and developmental disabilities for the world of work. Total Link 2 provides learning labs, skills development programs, social programs and customized employment processes that empower young adults to be confident, independent and deeply rooted in their communities.
ComEd is a unit of Chicago-based Exelon Corporation (NYSE: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
The League of Chicago Theatres is an alliance of theatres, which leverages its collective strength to support, promote and advocate for Chicago’s theatre industry. Through our work, we ensure that theatre continues to thrive in our city. For a comprehensive list of Chicago productions, visit the League of Chicago Theatres website, ChicagoPlays.com. Half-price tickets to the current week’s performances as well as future performances are available at HotTix.org and at the two Hot Tix half-price ticket locations: across from the Chicago Cultural Center at Expo72 (72 E. Randolph) and Block Thirty Seven (108 N. State).
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Wins continue to validate success of Graham’s strategy
BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, today announced that it secured $17.5 million in orders for two defense projects and two oil refining projects. One of the oil refining projects is in India and the other is in North America.
James R. Lines, Graham’s President and Chief Executive Officer, commented, “We continue to execute well on our defense strategy. Orders for the defense industry continue to represent more than 50% of total backlog. The defense industry provides terrific visibility into procurement schedules, which translates into improved multiyear planning for our operations. We expect to continue to build defense backlog across the remainder of the current fiscal year.” Mr. Lines continued, “In our commercial markets, we are successfully leveraging our large installed base and continue to create follow-on revenue demand. These projects can arise quickly without much visibility and can have conversion cycles that are between 6 to 12 months. The India order is the result of our restructuring and establishing a subsidiary in India enabling us to secure our second large refining order for that region.”
The defense projects are existing component orders for new naval vessels in two of the three programs that Graham already participates in. The majority of revenue from the navy orders is expected to convert beyond fiscal 2022. The project in India is a major refinery expansion that will increase throughput capacity 50%, while the other oil refining order is a metallurgical upgrade to equipment supplied by the company approximately 20 years ago.
The projects will all be recognized in backlog during the second quarter of fiscal 2021. The company expects approximately 5% of the new order total to convert to revenue during the remainder of fiscal 2021 and approximately 25% to convert in fiscal 2022, with the remainder converting to revenue beyond fiscal 2022.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, and alternative power. For the defense industry, the Company’s equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham’s global brand is built upon world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality.
Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham’s equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s reach spans the globe and its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
Safe Harbor Regarding Forward Looking Statements
This news 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 are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “confidence,” “projects,” “typically,” “outlook,” “anticipates,” “believes,” “appears,” “could,” “opportunities,” “seeking,” “plans,” “aim,” “pursuit,” “look towards” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, effects of the COVID-19 global pandemic, expected expansion and growth opportunities within its domestic and international markets, anticipated revenue, the timing of conversion of backlog to sales, market presence, profit margins, tax rates, foreign sales operations, its ability to improve cost competitiveness and productivity, customer preferences, changes in market conditions in the industries in which it operates, the effect on its business of volatility in commodities prices, including, but not limited to, the extreme price volatility seen in the first six months of calendar year 2020, changes in general economic conditions and customer behavior, forecasts regarding the timing and scope of the economic recovery in its markets, its acquisition and growth strategy and its operations in China, India and other international locations, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation’s most recent Annual Report filed with the Securities and Exchange Commission, included under the heading entitled “Risk Factors.”
Should one or more of these risks or uncertainties materialize or should any of Graham Corporation’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation’s forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
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Program Gives 10,500 Income Qualified Customers Enrolled in Medical Baseline Access to Portable Batteries for Use During PSPS Events
SAN FRANCISCO--(BUSINESS WIRE)--As fire season is upon us and the uncertainty of the pandemic continues to unfold, Pacific Gas and Electric Company (PG&E) is launching a program to further enhance safety when the power goes out for customers that depend on life saving medical equipment.
The program is available before, during, and after Public Safety Power Shutoff (PSPS) events when PG&E needs to turn off power during severe weather for public safety to prevent wildfires.
PG&E’s Portable Battery Program (PBP) provides no-cost backup portable batteries for eligible income-qualified1 customers who live in high fire-threat districts2 (HFTD) and are enrolled in the Medical Baseline program. Additional eligibility requirements include a reliance on medical equipment that operates on electricity to sustain life. Working in coordination with Community Based Organizations (CBOs), PG&E has identified approximately 10,500 customers who could qualify for this program.
The CBOs are conducting initial outreach to all 10,500 customers to assess their needs with a survey and based on these results, the CBOs determine which customers are eligible to receive batteries. The CBOs then deliver the batteries to the homes of these qualified customers, set up the batteries, and educate customers on how to safely operate and maintain the equipment. The CBOs comply with all safety and health guidelines, including current COVID-19 federal, state, and local regulations, by wearing proper personal protective equipment (PPE) such as face coverings and gloves when entering a home, not delivering equipment if they are feeling sick, and sanitizing batteries prior to deliveries.
The PBP is administered by the following five Low-Income Home Energy Assistance Program (LIHEAP) providers: Butte Community Action Agency, Central Coast Energy Services, Community Resource Project, North Coast Energy Services, and Redwood Community Action Agency. Richard Heath & Associates (RHA), a third-party energy program implementer focused on underserved communities, is also administering the program.
The PBP was initially scoped to provide approximately 4,000 batteries for income-qualified Medical Baseline customers in 2020 but has recently expanded to 8,000 batteries. PG&E provided $19 million to fund the 2020 effort.
“The safety of customers is our most important responsibility. We understand power shutoffs impact all customers especially those with medical needs. We are working with local organizations to provide portable batteries to customers who rely on medical equipment to live. We hope these batteries will help reduce fear and keep our customers safe before, during, and after a shutoff,” said Laurie Giammona, PG&E Senior Vice President and Chief Customer Officer.
PG&E offers additional programs for customers not qualified for PG&E’s new Medical Baseline PBP.
PG&E understands how disruptive it is for our communities to be without power. This year, PG&E is working to make PSPS events easier on customers by providing better information and resources. We will provide more help to customers with disabilities, hardships, language barriers and other needs. For more information log onto pge.com/psps.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
1 Income-qualification requires that customers are enrolled in California Alternate Rates for Energy (CARE) or Family Electric Rate Assistance (FERA).
2 Eligible customers must live in Tiers 2 or 3 High Fire Threat Districts defined by the CPUC fire map
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LONDON--(BUSINESS WIRE)--#GlobalLiquidImmersedTransformersMarket--The liquid-immersed transformers market will witness an incremental growth of USD 7.29 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
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COVID-19 Highlights
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This liquid-immersed transformers market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed liquid-immersed transformers market insights here: https://www.technavio.com/report/liquid-immersed transformers market-industry-analysis
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Table of Contents:
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Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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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MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) will host a conference call on Thursday, October 29, 2020 at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2020 financial and operating results. The Company plans to announce third-quarter 2020 results on Wednesday, October 28, 2020, after close of trading.
Conference Call Information:
Dial-in: (844) 263-8298
Intl. dial-in: (478) 219-0007
Participant Passcode: 4263756
To access the live webcast, visit the Company’s website at www.concho.com. The replay will also be available on Concho’s website under the “Investors” section.
Concho Resources Inc.
Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing oil and natural gas resources. We are working today to deliver a better tomorrow for our shareholders, people and communities. For more information about Concho, visit www.concho.com.
INVESTOR RELATIONS
Megan P. Hays
Vice President of Investor Relations & Public Affairs
432.685.2533
MEDIA
Mary T. Starnes
Manager of Public Affairs & Corporate Responsibility Strategy
432.221.0477
Caltech/Cyclotron Road start-up working to reduce CO2 emissions through innovative technologies for industrial processes
OAKLAND, Calif.--(BUSINESS WIRE)--Brimstone Energy, Inc. (Brimstone) today announced that the startup company will join the Chevron Technology Ventures (CTV) Catalyst Program to support further development of its innovative technology platform for reducing CO2 emissions from industrial processes, including production of hydrogen and cementitious materials. Specializing in the generation of low-emissions hydrogen, as well as various commodity products, Brimstone’s technology platform focuses on developing multiple routes to cleaner production of key industrial inputs at a low price point.
The CTV Catalyst Program was launched in 2017 to accelerate the maturation of early-stage companies that have technology beneficial to the energy industry.
By meeting its Catalyst Program milestones, Brimstone Energy will make progress toward an initial plant trial as part of the company’s plan to scale its technology platform to deliver potential emissions reductions in hydrogen and cement production processes. Today, hydrogen production, mostly done via steam methane reforming, produces over two percent of global greenhouse gases. Cement production also has a significant climate impact producing over five percent of greenhouse gases.
“Brimstone Energy is excited to be supported by Chevron, a multi-national industrial company,” said Cody Finke, Ph.D., co-founder and CEO of Oakland, CA-based Brimstone Energy. “It is good to see Chevron continue to back companies with decarbonization in their mission.”
About Brimstone Energy
Co-founded in 2019 at Caltech, by Cody Finke and Hugo Leandri, Brimstone is working to eliminate non-energy process CO2 emissions from various industrial processes including the production of hydrogen and cement. The non-energy process emissions from hydrogen and cement are difficult to decarbonize, because even if clean energy were to be used to make these products, these emissions would persist. For more information, visit https://www.brimstoneenergy.com/
About Chevron Technology Ventures
Chevron Technology Ventures (CTV) pursues externally developed technologies and new business solutions that have the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy. CTV leverages innovative companies and technologies to strengthen Chevron’s core operations and identifies new opportunities to shape the future of energy. For more information, visit www.chevron.com/technology/technology-ventures.
Cody Finke, CEO
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Company’s Green Power Pass and 7.2MW data center solar array recognized as innovative clean energy alternative solutions
BOSTON--(BUSINESS WIRE)--#CSR--Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, today received its latest award, the RE100 Leadership Awards’ Most Impactful Pioneer award, for commitments to using clean energy alternatives across its global data center platform. The award was announced during Climate Week NYC, the largest annual climate summit, hosted by the Climate Group.
The RE100 Most Impactful Pioneer Leadership Award recognizes Iron Mountain’s outstanding commitments and innovations in bringing clean alternatives to areas previously dependent on fossil fuels. Specifically, the award recognizes Iron Mountain’s Green Power Pass offering and its green data center platform, including the Edison, New Jersey data center:
“It’s an honor to be recognized among a group of companies who practice, develop and transform innovative renewable energy strategies,” said William L. Meaney, president and chief executive officer of Iron Mountain. “We’re proud to receive this award for our Green Power Pass offering and data centers. We remain committed to our promise of strong economic growth whilst operating responsibly, ethically and sustainably.”
Since joining RE100 in June 2018, Iron Mountain has committed to using 100% renewable power, mitigating the need for fossil-based generation as well as reducing absolute greenhouse gas emissions to help meet the Paris Climate Accord.
“We are committed to challenging companies to move the needle on renewable power and show what is possible around the world,” said Sam Kimmins, Head of RE100, the Climate Group. “We’re excited to recognize Iron Mountain’s innovative approach to bringing clean energy alternatives and passing on the benefits to others.”
The RE100 initiative is a collaborative, global platform of more than 260 major businesses committed to 100% renewable power. It is led by the Climate Group, an international non-profit organization driving climate action – fast. Aiming for a world of net zero carbon emissions by 2050, with greater prosperity for all, the Climate Group focuses on systems with the highest emissions and networks with the greatest opportunity to drive change.
For more information on Iron Mountain’s Green Power Pass and Edison, New Jersey data center, visit: https://www.ironmountain.com/digital-transformation/data-centers.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across more than 1,480 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.
Visit www.ironmountain.com for more information.
Media:
Iron Mountain Global Communications
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Investor Relations:
Greer Aviv
Senior Vice President, Investor Relations
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(617) 535-2887
Nathan McCurren
Director, Investor Relations
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(617) 535-2997
L37 Leads $4M Round with Equinor Ventures and Saudi Aramco Energy Ventures
Blockchain Network Powers Smart Contracts to Ensure Transactional Certainty for Commercial Relationships
HOUSTON--(BUSINESS WIRE)--#VCfunding--Data Gumbo, the trusted industrial blockchain network, today announced the first close in its Series B funding round of $4 million led by new investor L37, a Bay Area and Houston-based venture capital company, with return investments from Equinor Ventures, the venture subsidiary of Equinor, and Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco.
Based on sales pipeline growth, increased demand of new projects and required global expansion, Data Gumbo has executed this first close of its Series B. Additionally, the capital will be used to mature its massively interconnected blockchain network, GumboNet™, in support of capturing increased market share across asset-heavy and capital-intensive industries including oil & gas, construction, mining and manufacturing. Data Gumbo’s funding totals $14.8 million to date.
“Time is of the essence to capitalize on greatly increased demand for our network, and we’re making key hires to support our growing commercial success and market penetration in oil & gas and adjacent industries,” said Andrew Bruce, CEO and Founder, Data Gumbo. “This funding will solidify Data Gumbo’s leadership position realizing transactional certainty through smart contracts. We are thrilled to partner with L37 and their expert team to apply our network to solve problems and generate value for our customers in this considerably difficult environment.”
In the current global business environment, it's imperative that industry frees up working capital and reduces inefficiencies to cut costs and streamline operations. As a network of companies, customers, suppliers and vendors, GumboNet enables participants to reduce contract leakage, free up working capital, improve cash and financial management, and deliver material provenance through the deployment of blockchain-powered smart contracts.
Investor Quotes
“Data Gumbo is the category leader for industrial smart contracts, which is an inevitable next step in digital transformation of the oil and gas industry,” said Kemal Farid, a Partner in L37. “There is a lack of transparency, visibility and accuracy between counterparts of contracts that increases the costs of doing business and this has been greatly exacerbated by the current business landscape. We look forward to applying our experience to propel the company along its journey to bring transactional certainty and cost efficiency to commercial relationships.”
“We are pleased to continue the investment in Data Gumbo as the company matures and scales, driving cost savings and efficiencies across the energy sector,” said Gareth Burns, Vice President and Head of Equinor Ventures. “We are excited to partner with a player pushing the envelope with proven technology to transform and automate business processes in oil, gas and low carbon solutions.”
“Data Gumbo’s deep knowledge of the issues that plague the oil & gas market, in addition to other industries, and its position to directly address these pain points make our follow-on investment an easy decision,” said Dan Carter, Senior Investment Director, Saudi Aramco Energy Ventures. “Our repeat investment will help the company achieve meaningful milestones including key hires, investing in further developing its product and expanding market presence. Smart contracts backed by blockchain empower companies to operate in low cost environments and realize value, a much needed consideration today in our current economic global climate.”
About L37
L37 is a new generation, hybrid venture capital and private equity company. We invest in visionary founders and companies who want to solve problems and transform industries. We work alongside founding teams, leveraging frameworks and our network of trusted relationships with customers, capital and talent to design new categories and engineer market-first, globally-minded companies. For more information, please visit www.L37.vc.
About Equinor Ventures
Equinor Ventures is Equinor’s corporate venture fund dedicated to investing in attractive and ambitious early phase and growth companies. We believe that the innovation, creativity and agility of startups can drive change and transition the energy industry toward a low carbon future. We deliver strategic business impact by connecting external innovation to Equinor.
About Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Aramco, the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV’s mission is to invest globally in startup and high growth companies with technologies of strategic importance to its parent. For more information, visit www.saev.com.
About Data Gumbo
Data Gumbo provides transactional certainty for tomorrow’s industrial leaders through GumboNet™, a massively interconnected industrial blockchain network. With integrated real-time capabilities that power, automate and execute smart contracts, our network reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Headquartered in Houston, Texas, Data Gumbo has a subsidiary office in Stavanger, Norway. To date, the company has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. For more information, visit www.datagumbo.com or follow on LinkedIn, @DataGumbo and Facebook.
Gina Manassero
Data Gumbo
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HOUSTON--(BUSINESS WIRE)--Waste Management, Inc. (NYSE: WM) announced that it will release third quarter 2020 financial results before the opening of the market on Monday, Nov. 2, 2020. Following the release, Waste Management will host its investor conference call at 10 a.m. ET.
A live audio webcast of the conference call can be accessed by visiting investors.wm.com and selecting “Events & Presentations” from the website menu. Alternatively, listeners may access the call by dialing 877-710-6139 (US/Canada) or 706-643-7398 (International) and entering passcode 9177824.
A replay of the call will be available through Nov. 16. To hear a replay of the call over the internet, access the “Events & Presentations” section on investors.wm.com. To hear a telephonic replay of the call, dial 855-859-2056 or 404-537-3406, and enter passcode 9177824.
The Company participates in investor presentations and conferences throughout the year. Interested parties can find a schedule of these conferences at investors.wm.com by selecting "Events & Presentations."
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America. Through its subsidiaries, the Company provides collection, transfer, disposal services, and recycling and resource recovery. It is also a leading developer, operator and owner of landfill gas-to-energy facilities in the United States. The Company’s customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management, visit www.wm.com.
Waste Management
Web site:
www.wm.com
Analysts:
Ed Egl
713.265.1656
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Media:
Janette Micelli
602.579.6152
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