Tellus Markets, a leading climate technology company, introduces the industry’s first technology solution with clean power and emissions reduction marketplaces.
DENVER--(BUSINESS WIRE)--Tellus Climate Suite, being released today by Tellus Markets, provides a single solution for companies to track, plan and meet their climate goals. This platform includes three interoperable products for streamlined operation and error-free data transfer. Tellus Climate Suite combines greenhouse gas accounting with digital marketplaces for users to purchase clean power, carbon offsets and RECs, providing the most comprehensive functionality of any climate solution available today.
Tellus Climate Suite is the logical evolution of their existing product offering for clean power purchasing, Tellus PPA. The expanded functionality brings enhanced value to existing customers, and offers a strong value proposition to any company with sustainability goals.
“An increasing number of firms are either beginning or accelerating their sustainability journey, committing to reducing emissions and hiring staff to implement those objectives. Up to now, sustainability teams had to go through a long process to identify and select technology solutions and digital marketplaces, ending up with a disconnected technology stack requiring significant management time and manual data transfer. With the launch of Tellus Climate Suite, for the first time these teams can leverage a single solution to manage and execute their organization’s sustainability plans to help achieve their climate goals,” said Chip Horton, Chief Executive Officer at Tellus Markets.
About Tellus Markets
Tellus Markets creates technology solutions that empower transformation of the global energy system. We are focused on improving the fragmented markets and inefficient transaction processes prevalent in climate markets and making our solutions available to a broad range of organizations. To learn more, please visit: https://www.tellusmarkets.com/
James Cahalin
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DUBLIN--(BUSINESS WIRE)--The "Marine, Aviation and Transit Insurance Market Size and Trends Analysis by Region, Business Lines, Top Markets, Regulatory Overview and Competitive Landscape, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The report provides in-depth market analysis, information, and insights into the global and regional marine, aviation, and transit insurance industry.
It provides values for key performance indicators such as written premium and claims during the review period (2017-2021) and forecast period (2022-2026).
The report gives a comprehensive overview of the global and regional marine, aviation, and transit insurance industry, key lines of business, key trends, drivers, challenges, regulatory overview and developments, and impact of the COVID-19 on the industry.
It provides insight into key technological developments impacting the Global Marine, Aviation, and Transit Insurance industry. It provides a detailed analysis of the competitive landscape, overview, and comparative analysis of leading companies and top insurance markets' premium and profitability trends for every region.
The report brings together the publisher's research, modeling, and analysis expertise, giving insurers access to information on Marine, Aviation, and Transit Insurance dynamics in the country.
Key Highlights
Scope
Reasons to Buy
Key Topics Covered:
A selection of companies mentioned in this report includes
For more information about this report visit https://www.researchandmarkets.com/r/sbw7bh-aviation?w=4
Source: GlobalData
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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- NRG makes it easier to own and drive an EV with a no-cost home charger and lower-priced, off-peak charging -
PHILADELPHIA--(BUSINESS WIRE)--NRG, one of the nation’s leading electricity and natural gas suppliers, now offers an energy plan designed to make it easier for customers to own and charge their electric vehicles (EVs) and to facilitate greater adoption of EVs. It is the first such plan available to electricity customers who live within select utilities in Pennsylvania and Maryland.
NRG’s EV Power Charger plan includes a Level 2 at-home EV charger at no-cost and reduced-price energy at night and early morning, when most EV owners typically charge their vehicles.
“We’re excited to roll out our EV Power Charger plan and help remove potential barriers to owning an EV,” said Bucky Gardner, Vice President and General Manager of NRG Home East. “At NRG, we believe in giving customers the power to choose their electricity supplier and a plan that fits their lifestyle. With this first-of-its-kind plan, our customers are in the driver’s seat.”
Here’s how the time-of-use portion of the plan works. Customers who charge their electric vehicles and use appliances between 10 p.m. and 7 a.m., when demand is lowest, will receive lower electricity supply prices.
For those on the fence about getting an EV, the convenience of efficient charging at home along with lower-cost, time-of-use pricing, can help people decide to take that step to buy an EV and is what makes NRG’s EV Power Charger Plan so unique.
Level 2 EV chargers typically take between three and eight hours, depending on the range of the vehicle, to fully charge a vehicle. The charger is compatible with most EVs, although Tesla owners would need a separate adapter.
To learn more about NRG’s EV Power Charger plan, visit picknrg.com/ev.
About NRG
NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions that help people, organizations, and businesses achieve their goals, while also advocating for competitive energy markets and customer choice. More information is available at www.nrg.com. Connect with NRG on Facebook, and LinkedIn, and follow us on Twitter, @nrgenergy.
Dave Schrader, Senior Manager Communications East
267-295-5768
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) has once again received a AAA rating in the latest MSCI environmental, social and governance (ESG) rating assessment. AAA, which is MSCI ESG’s highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess is one of only two U.S. oil and gas companies that currently hold a AAA rating from MSCI ESG.
Hess received its first AAA rating in 2021, after earning AA ratings from MSCI ESG for 10 consecutive years. MSCI provides research, ratings, and analysis of the ESG business practices of thousands of companies worldwide. Learn more about MSCI ESG ratings here.
In addition, Hess has earned a place on the 2023 Bloomberg Gender-Equality Index (GEI) for the fourth consecutive year and is the only oil and gas producer based in the U.S. to be included this year. Bloomberg's GEI is a modified market capitalization-weighted index measuring the performance of public companies in 50 countries across a variety of sectors on gender equality in leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand. Learn more about the GEI here.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. For more information about sustainability at Hess, including annual Sustainability Reports, please visit www.hess.com/sustainability.
Investors:
Jay Wilson (212) 536-8940
Media:
Lorrie Hecker (212) 536-8250
LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, announced the first delivery of Low Sulphur Gasoil futures since Russian oil was excluded from the contract at the end of 2022.
Following extensive consultation with market participants, and in line with sanctions preventing the delivery or export of Russian oil in the European Union (EU) which took effect from February 5, 2023, ICE changed the methodology for Low Sulphur Gasoil futures from previously delivering diesel from any origin, to deliver diesel that does not include any originating from Russia. ICE Gasoil is the global benchmark for refined oil products.
A total of 69,800 tons entered the delivery process, with Gasoil delivered in the Amsterdam, Rotterdam, and Antwerp areas, in-line with the amount delivered in January 2022. Gasoil open interest is at 596,900 contracts, up 13% since the start of the year, with trading volumes up 40% in January 2023 versus December 2022.
“ICE worked closely with market participants and regulators to design a workable solution for our customers, so that they can confidently participate in physical delivery and trade Gasoil with the knowledge that the contract is EU sanctions compliant and fully representative of physical distillates flows,” said Jeff Barbuto, Global Head of Oil Markets at ICE. “It is encouraging to see customers engaging in the new, Russian-Free Gasoil contract through the delivery mechanism and on a financial trading basis.”
The ICE Low Sulphur Gasoil Futures contract has a successful 42-year history as a physically deliverable futures contract for what is now ultra-low sulphur diesel. The contract forms part of ICE’s global crude and refined product complex which includes Brent crude, the price barometer for approximately 80% of global crude, WTI, Midland WTI Gulf Coast (HOU), (Platts) Dubai, and Murban benchmarks. These provide the foundation for over 600 related oil products spread over multiple geographic markets, giving participants access to the products they need at the point of consumption or production.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
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PITTSBURGH--(BUSINESS WIRE)--Intelligent power management company Eaton today announced it was awarded a contract to help AEP Ohio enhance the resilience and sustainability of critical water infrastructure in Columbus at the Tussing Water Booster Station. The project will establish the city’s first renewable energy microgrid and extend Columbus’ ability to deliver safe and clean water during extended electric grid outages. The microgrid project is fully commissioned and expected to be energized in Q1 2023.
“We’re proud to help AEP Ohio and the City of Columbus reach a major milestone in their journey to build a more equitable, resilient and sustainable future,” said Igor Stamenkovic, vice president and general manager for Eaton’s Electrical Engineering Services & Systems division. “This microgrid project is an important precedent that demonstrates how climate-friendly technologies can be applied to modernize critical infrastructure while improving people’s lives, the environment and the bottom line.”
Partially funded through AEP Ohio’s Smart City program, the project shows how microgrids can deliver more affordable, sustainable and resilient energy for critical infrastructure. The microgrid also supports the City of Columbus Climate Action Plan to reduce emissions by 45% and implement five microgrid pilot projects by 2030 to help achieve carbon neutrality by 2050.
"Climate change is already impacting quality of life in central Ohio, and the challenges stemming from its very existence will only continue to grow more frequent and more common in the years ahead,” said Columbus Mayor Andrew J. Ginther. “We have an obligation to strengthen the resiliency of our infrastructure and to meet these challenges head on. I am proud of the ways in which the City of Columbus is leading by example and embracing innovative solutions to ensure an equitable and prosperous future for every resident.”
According to the United States Environmental Protection Agency (EPA), as much as 40% of operating costs for drinking water systems can be for energy. The new microgrid at the Tussing Water Booster Station incorporates 100-kilowatts (kW) of onsite solar generation, 440-kilowatt hours (kWh) battery energy storage and Eaton’s intelligent microgrid controls to help offset energy costs and ensure residents receive safe drinking water. The microgrid system enables the city’s water tower to continue to operate in “island” mode during a grid outage to keep the water flowing. It will also help AEP Ohio support sustainable demand response and balance the grid through intelligent voltage regulation.
Learn more about Eaton’s microgrid solutions and services.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, 2023 marks Eaton’s 100th anniversary of being listed on the NYSE. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Hilary Spittle, (216) 712-2005
Regina Parundik, (412) 559-1614
VerStack omnidirectional antenna platform provides reliable, high-performance connectivity for critical applications
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology solutions, today announced its new VerStack antenna platform for smarter rail communications and IIoT applications.
The VerStack platform consists of the most advanced 5G and GNSS vertically stacked antennas in the market. It utilizes PCTEL’s broadband element technology to provide top-of-the-line RF performance in rail and IIoT applications. These antennas have been designed in a rugged UV-resistant fiberglass housing making them ideal for harsh environmental conditions. The VerStack platform is easy to install and offers 3:1 and 5:1 configurations.
Denis Dmitruk, PCTEL’s Technical Product Manager, commented, “Enabling mission critical connectivity is key for our customers in the rail market. The VerStack antenna platform allows secure and reliable communication exchanges between trains and wayside locations resulting in detection and prevention of safety-critical conditions, advance warning to locomotive engineers to take corrective actions, and monitoring and diagnosis necessary for proactive maintenance.”
To learn more about the VerStack antenna platform visit https://www.pctel.com/antenna-product/5g-fr1-multiband-base-station-omnidirectional-antenna-with-gnssl125/
About PCTEL
PCTEL is a leading global provider of wireless technology solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products. Trusted by our customers for over 29 years, we solve complex wireless challenges to help organizations stay connected, transform, and grow.
For more information, please visit our website at https://www.pctel.com/
PCTEL® is a registered trademark of PCTEL, Inc. © 2023 PCTEL, Inc. All rights reserved.
PCTEL Company Contact
Suzanne Cafferty
Vice President, Global Marketing
PCTEL, Inc.
(630) 339-2107
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NORFOLK, Va.--(BUSINESS WIRE)--For the second year in a row, BAE Systems, Inc.’s Ship Repair business has been recognized by Signal Mutual as a top company for safety. The prestigious Signal Mutual Industry Safety Leadership award was presented to BAE Systems, one of only five companies to receive it, during the industry group’s annual conference in Salt Lake City this week.
In presenting the award, Signal Mutual noted that, in 2022, BAE Systems had a noteworthy safety culture because of the leadership’s clear visibility and engagement of with employees. Signal Mutual also noted that BAE Systems’ focus on safety in its shipyards resulted in a low frequency rate of claims compared to industry standards, no excessive loss cases, and no fatalities for more than two years.
“Shipyards can be hazardous. However, our leaders’ commitment to empowering all employees to declare a ‘Stop Work’ when they see something out of order is critical to ensuring that our teammates complete their work and return home safely every day,” said Paul Smith, vice president and general manager of BAE Systems Ship Repair. “This award instills pride within us as industry leaders, and it inspires us to continue protecting each other and setting high standards for those who work alongside us.”
BAE Systems employs nearly 3,000 people across three shipyards in California, Florida, and Virginia who work alongside thousands of U.S. Navy personnel, commercial vessel owners, subcontractors and vendors who are also based at the sites.
“Everyone in the team is empowered and trusted to be a safety, health, and environmental leader,” said Noushin Sprossel, Safety, Health and Environment (SHE) director for BAE Systems Ship Repair. “Our tremendous progress towards achieving SHE excellence and recognition for our performance reflects our commitment to make the safety and health of our workforce a priority.”
Signal Mutual is an organization that provides workers’ compensation services to about 300 high-performing organizations in the maritime industry, including nearly 100 shipyard companies.
Karl Johnson, BAE Systems
Mobile: 757-375-5086
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www.baesystems.com/US
@BAESystemsInc
- Pluglink is the first EV charging platform in Korea to sign EV charger assets investment agreement.
- Pluglink raised a total of KRW 30 billion cumulative investment including KRW 17 billion in cumulative asset and KRW 13 billion in cumulative corporate investment.
SEOUL, South Korea--(BUSINESS WIRE)--#EV--Pluglink (CEO In-cheol Kang), an electric vehicle (EV) charging platform, announced on the 7th that it signed an investment agreement with KDB KIAMCO, the largest alternative asset manager in Korea, for a total of KRW 15 billion for EV charger assets.
Pluglink, acknowledged for its specialty in finance, introduced alternative investments in EV charger assets for the first time in Korea. Pluglink will provide total charging services for more than 7,400 EV chargers through this investment.
By signing the investment agreement with KDB KIAMCO, Pluglink raised the investment worth of KRW 17 billion in cumulative asset including KRW 2 billion investment by local city gas companies. With this, Pluglink has so far attracted a total of KRW 30 billion, including the KRW 13 billion of cumulative corporate investment.
In-cheol Kang, CEO of Pluglink, said, “Starting with this first investment for EV charger assets, we plan to expand the scale of charger-oriented finance and proceed with various structured finance.”
Pluglink is the fastest growing company in the market that made contracts for more than 10,000 EV chargers up till now and operates 1,100 EV charging stations in Korea. Pluglink joined K-RE100 for the first time in the industry and became the market leader of ESG management. This year, Pluglink was selected as the 2023 EV fast charger auxiliary business by the Ministry of Environment and will continue to expand its business scope.
About Pluglink
“Changing with Charging: Electric vehicle charging experience that changes your daily life.”
Based on its expertise in IT, construction, and user experience, Pluglink provides easy and convenient EV charging services for everyone. Pluglink provides user-centric EV charging experiences including simple charging and payments using QR codes, free installation of EV chargers, single rate plan for EV charging and IT-based charging control system. Pluglink is changing the paradigm of the EV charging market by joining the K-RE100 for first time and building a business model that utilizes renewable energy.
Minjung Kang
Marketing Unit CMO
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Yusun Moon
Brand Marketing Manager
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PITTSBURGH--(BUSINESS WIRE)--Stratus Materials Inc., a developer and manufacturer of next-generation cathode active materials for lithium-ion batteries, came out of stealth today. The company, previously operating as 33 Tech Inc., was founded in early 2022 to commercialize a set of highly promising, manganese-rich, cobalt-free cathode innovations by a team led by Dr. Jay Whitacre, a Carnegie Mellon University professor and serial entrepreneur.
For years, the lithium-ion battery industry has been seeking the performance and cost advantages of a high-manganese cathode chemistry, but these cathodes have faced persistent challenges with stability and cycling. Utilizing proprietary formulations and production processes, the Stratus Materials team has developed manganese-rich, zero-cobalt cathode materials that deliver outstanding functionality, energy density, stability, low cost, and input materials availability, overcoming the challenges that have hindered high-manganese systems to date. The company is focused on scaling the production of these novel cathode materials, which are being specifically targeted at light- and medium-duty electric vehicles as well as other applications with similar performance requirements.
Jay Whitacre, CEO & CTO of Stratus Materials, said: “Our innovative processes and materials are designed to provide the lithium-ion battery industry with cathode offerings that outperform best-in-class NMC cathode formulations on virtually every dimension, without relying on cobalt and with significantly less nickel and lithium per kilowatt-hour. We are extremely excited about engaging more broadly with potential customers and partners.”
In mid-2022, the company completed a $12M Series A financing led by Breakthrough Energy Ventures (BEV) with participation from DNS Capital.
“Energy density, cost, materials availability, and safety are critical factors for a battery technology to enable full EV adoption and production,” said Carmichael Roberts, Breakthrough Energy Ventures. “The Stratus Materials team has developed a set of cathode active materials that address and optimize each of these parameters, enabling EVs to scale to new levels.”
Stratus Materials is currently producing its proprietary cathode active material at an early pilot-scale and is providing samples to a small group of potential initial customers. Representatives of the company will be attending the International Battery Seminar & Exhibit next month in Orlando, FL. Please contact the company at This email address is being protected from spambots. You need JavaScript enabled to view it. for more information or to inquire about a meeting.
ABOUT STRATUS MATERIALS
Stratus Materials (www.stratusmaterials.com) is a U.S. based developer and manufacturer of next-generation cathode active materials for lithium-ion batteries. Our mission is to offer a highly compelling combination of performance, safety, cost, and environmental impact to leading battery manufacturers and their downstream OEM customers. Stratus is primarily focused on cathode solutions for light- and medium-duty electric vehicles and other applications with similar requirements.
ABOUT BREAKTHROUGH ENERGY VENTURES
Founded by Bill Gates and backed by many of the world’s top business leaders, BEV has raised more than $2 billion in committed capital to support cutting-edge companies that are leading the world to net-zero emissions. BEV is a purpose-built investment firm that is seeking to invest, launch and scale global companies that will eliminate GHG emissions throughout the economy as soon as possible. BEV seeks true breakthroughs and is committed to supporting these entrepreneurs and companies by bringing to bear a unique combination of technical, operational, market and policy expertise.
BEV is a part of Breakthrough Energy, a network of investment vehicles, philanthropic programs, policy advocacy and other activities committed to scaling the technologies we need to reach net-zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.
ABOUT DNS CAPITAL, LLC
DNS Capital is the investment office and internal merchant bank for the business interests of Gigi Pritzker, Michael Pucker, and their daughters. DNS Capital takes a long-term and flexible approach to investing by building relationships with business owners, management teams, and entrepreneurs to align interests, evolve businesses, and create lasting value with a sense of purpose and a sense of humor. To learn more about DNS Capital, please visit www.dnscap.com.
Media:
Robyn Kennedy DeSocio
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Mission critical decarbonization software helps reduce reliance on fuel imports in the face of skyrocketing heating costs and climate change - Planners from over 50 German municipalities use “DigiKoo Heat Concept” to design optimal heating decarbonization strategies for a new world
ESSEN, Germany & SAN FRANCISCO--(BUSINESS WIRE)--#energy--DigiKoo, Germany’s leading digital grid planning innovator, and wholly-owned subsidiary of German energy leader E.ON SE, and Intertrust, the world’s leading provider of trusted distributed computing solutions for digital energy management, today unveiled the DigiKoo Heat Concept service. Powered by Intertrust Platform™ and used by over 50 German municipalities including Dresden and Essen, Heat Concept is an Intertrust Platform application that allows municipalities and their utility partners to design actionable energy transition and decarbonization strategies to help Germany move from carbon intensive fossil fuel heating footprints to ones based on clean energy. Heat Concept provides planning capabilities and actionable intelligence on how, where and what to do to decarbonize, and reduce reliance on foreign gas imports.
Heat generation in Germany accounts for approximately 40 percent of the country’s CO2 emissions. With an unprecedented disruption in natural gas supplies and a climate crisis, transitioning to clean, renewable energy heating is essential to German society. Understanding decarbonization involves analyzing data from multiple parties as well as sensor readings that need to be authenticated. Intertrust Platform securely manages distributed datasets, respecting regulations. With a few clicks, Heat Concept can analyze a municipality’s heating footprint for structures across a city, creating carbon baselines and analyzing future scenarios. Municipalities and their Distribution Service Operators and energy utility partners can use these results to plan their heating transition strategies and apply for funding from the German Federal government.
“Since heat transition is unique and dependent on each location's specific conditions, these conditions must be transparent,” said Martin Möller, Managing Director of DigiKoo. “This transparency is made possible by Intertrust Platform and enables DigiKoo to provide community representatives, network operators, companies and households with a platform where they can exchange information and relevant information is available for all to see.”
Heat Concept uses an E.ON developed AI platform that interfaces with Intertrust Platform to analyze a wide variety of data from numerous sources such as sensors on heating infrastructure, types of buildings, and socio-economic and demographic data. Intertrust Platform ensures these datasets are accessed and managed efficiently and securely in accordance with German and European data regulations, and conditions set by the data rights holders. DigiKoo also plans to provide the analyses created by the Heat Concept to the public for community input.
“As Intertrust Platform’s use by major energy companies expands around the world, DigiKoo is an important partner in developing trusted data-driven applications for planning EV charging infrastructure, smart EV charging, and other important elements of the clean energy transition,” said Florian Kolb, Intertrust’s Chief Commercial Officer and General Manager, Energy. “Moving to a heating infrastructure based on clean energy is especially critical for Germany and other countries to meet their decarbonization goals and we’re proud to continue to support DigiKoo’s work in this field.”
About DigiKoo GmbH
Reshaping the energy landscape at the click of a mouse, Essen-based DigiKoo GmbH provides information for municipal utilities, local authorities, grid operators and energy supply companies to use to shape the climate transition throughout Germany. Where and how many charging stations for EVs need to be built? How is the need to renovate buildings for efficient heating developing? DigiKoo GmbH provides such insights to its customers with its in-house developed software, DigiPAD. Users can use it to process data to create reliable reports detailing the current state and forecasts in such areas as electricity, transport and heating. DigiKoo is a subsidiary of Westenergie AG, the largest regional energy service and infrastructure provider in Germany. Further information is at: https://digikoo.de.
About Intertrust
Intertrust provides trusted computing products and services to leading global corporations–from mobile, consumer electronics and IoT manufacturers, to service providers and enterprise software platform companies. These products include the world's leading digital rights management (DRM) and technologies to enable private data exchanges for various verticals, including energy, entertainment, retail/marketing, automotive, fintech, and IoT. Founded in 1990, Intertrust is headquartered in Silicon Valley with regional offices in London, Tokyo, Mumbai, Bangalore, Beijing, Seoul, and Tallinn. The company has a legacy of invention, and its fundamental contributions in the areas of computer security and digital trust are globally recognised. Intertrust holds hundreds of patents that are key to Internet security, trust, and privacy management components of operating systems, trusted mobile code and networked operating environments, web services, and cloud computing. Additional information is available at intertrust.com, or follow us on Twitter or LinkedIn.
Jordan Slade
MSR Communications
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TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO: MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that it will present its Malmbjerg molybdenum project on March 1, 2023 at 12.30 pm EST at the BMO Capital Markets' 32nd Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida.
The Company also wishes to note that molybdenum prices have been trading around US$40 per pound, making historical highs. The economics stated in the Company’s NI 43-101 Feasibility Study completed by Tetra Tech in 2022 (“FS”) were done using an US$18 per pound of molybdenum. The FS state that over the life of mine period, the average cash cost to produce a pound of molybdenum is US$6.38/lb.
About Greenland Resources Inc.
Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS2. The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com.
The Project is supported by the European Raw Materials Alliance (ERMA) as stated in their press release EIT/ERMA_June 13, 2022 Press Release, a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT), a body of the European Union.
About Molybdenum and the European Union
Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 24 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content in phosphorus, tin, antimony, and arsenic, makes it an ideal source of molybdenum for the high-performance steel industry lead worldwide by Europe, specifically the Scandinavian countries and Germany.
Forward Looking Statements
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the ability to negotiate a supply agreement with end users, roasters and distributors on terms that are economic or at all; the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; the ability to source and negotiate supply and offtake agreements with qualified counterparties on terms that are economic or at all; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information. Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information please contact:
Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer
Corporate office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Telephone 1-844-252-0532
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca
Trilliant to be exclusive RF network provider for Grupo Saesa’s AMI, IIoT, Smart Grid, grid automation and network digitalization
SAN DIEGO--(BUSINESS WIRE)--Trilliant, a leading international provider of solutions for Advanced Metering Infrastructure (AMI), smart grid, smart cities and lIoT, announced its strategic, long-term partnership with Grupo Saesa, one of the biggest electricity distributors in Chile.
Grupo Saesa will deploy Trilliant’s software and RF communication platforms for AMI, smart grid and IIoT applications that will support the organization in improving its customers’ experience, delivering secure and reliable energy to its customers, and contributing to the company’s sustainability objectives.
Grupo Saesa, through its distributors, Sociedad Austral de Electricidad S.A., Empresa Eléctrica de la Frontera S.A., Compañía Eléctrica Osorno S.A., and Empresa Eléctrica de Aisén S.A., has more than 950,000 customers. It owns and operates more than 62,000 kilometers of transmission and distribution lines nationwide.
“Trilliant brings a global portfolio of experience and a commitment to make our team successful,” said Leonel Martinez, Distribution Executive for Grupo Saesa. “Trilliant’s technologies and experience will deliver real value and improvement to our customers and operations.”
“We are delighted to have this partnership in place with Grupo Saesa,” said Nick Matchett, Managing Director for the Americas at Trilliant. “There are many synergies between our two companies, including our passions for technology innovation and sustainability. Grupo Saesa’s drive to deliver the highest standards and value for its customers is world class. We look forward to enhancing quality, safety and reliability for their customers through this partnership.”
Trilliant works with customers worldwide, from a recent successful Smart Water Metering project in Canada, to its partnership in the U.K. with Manx Utilities to roll out smart electricity meters across the Isle of Man, to its partnership with SAMART to deploy AMI for the Provincial Electricity Authority of Thailand (PEA). Most recently, Trilliant was selected by ESB Networks as one of the suppliers to provide smart meters in support of the rollout of Ireland’s National Smart Metering Programme.
Onsite at DISTRIBUTECH 2023
Trilliant will take part in DISTRIBUTECH 2023 at the San Diego Convention Center (Feb. 7-9), where it will showcase its commitment to providing the power of choice with its device-agnostic platform and interoperable solutions for energy companies, utilities and smart cities worldwide. Visit Trilliant at Booth 1701 on the Exhibition Floor. To book a one-on-one demo and meeting, contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Trilliant
Trilliant® empowers the global energy industry with its proven device-agnostic communications platform that enables utilities and cities to deploy any application securely and reliably on one powerful network. Our purpose-built portfolio is designed to offer the power of choice, without risk of customers being “locked in” with one technology provider or meter manufacturer. We are proud to offer mission-critical solutions that support AMI, Data & Analytics, Smart Metering, Smart Grids and Smart Cities. Customers worldwide benefit from Trilliant’s unique combination of flexibility, sustainability and scalability that connects utilities and cities to the IIoT and a more strategic path to the Energy Transition. Visit us at www.trilliant.com.
About Grupo Saesa
Grupo Saesa has more than 95 years of experience in the country. It is the main electricity distributor in southern Chile, where it supplies electricity to around 950,000 clients between the Ñuble and Aysén regions. In transmission, it operates in different parts of the country between the Antofagasta and Los Lagos regions with 75 substations and 2,280 km of transmission lines. In addition, the company has more than 275 MW of installed generation capacity. Grupo Saesa's controllers are Canadian pension funds Ontario Teachers' Pension Plan (OTPP) and Alberta Investment Management Corporation (AIMCo), with a 50% stake each.
Media Contacts:
Tracey Mitchell
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Cindy Watson/Anita Wong, StrategicAmpersand Inc.
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ROCHESTER, N.Y.--(BUSINESS WIRE)--#USmanufacturing--Linton Crystal Technologies (LCT), headquartered in Rochester, New York, announced today it will produce semiconductor and solar manufacturing equipment in the United States. This is the first Inflation Reduction Act related announcement for producing solar machine tools in the United States. LCT plans to break ground in Q2 2023.
“We’ve been working on this plan for a while now and are looking forward to reshoring manufacturing to the United States,” said Todd Barnum, president and CEO of Linton Crystal Technologies. “As a U.S. company with Chinese ownership, Linton Technologies Group, the geopolitical issues have been difficult to navigate. Our company used to manufacture in Rochester and we’re eager to get back to the United States.”
Efforts are underway to secure a site as soon as possible, with future plans for expansion to accommodate international orders as necessary. Linton is also developing an international service team to support customers worldwide as the industry looks to grow and improve processes and efficiency.
The company will establish a manufacturing center to build and demonstrate the full line of equipment represented by Linton Technologies Group. This includes Czochralski (CZ) furnaces for monocrystalline silicon ingots, both semiconductor and solar grade, and the machines for producing solar ingots and wafers, including wire saws and polishing equipment. Linton will be the first company to return this technology to the United States.
Linton’s initial investment of $10M will be used to add a new facility, establish a demonstration line, and build 1-2 gigawatts of production capacity, all by the end of year one. This will grow the company’s workforce to more than 75 employees. Linton’s goal is to exceed 2008 employment numbers, when the company had nearly 200 employees, at its New York factory by the end of year two.
“I’m excited to break ground. This creates more opportunities for our employees, new employees and their families,” Barnum said. “The IRA and CHIPS Act have created the pathway for manufacturing investment to fulfill the need for U.S.-made products. We’re going to meet that demand and we have the expertise to scale rapidly.”
Linton Crystal Technologies has a long history of manufacturing innovation. The company originated in Rochester in 1952 as a wire saw manufacturer, Hamco, and through a series of purchases became Kayex, a manufacturer of CZ crystal pullers. Linton has been the exclusive owner of Kayex technology since 2013 (the IP resides with LCT in the United States). The company also continues to advance the design of the machines. It holds several patents, with others under application.
For more information, visit www.lintoncrystal.com.
Media Contact:
Cindy McVey
585-746-4154
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) is pleased to announce that Ingevity president and CEO, John Fortson, was recognized as one of the 50 Most Influential People of 2022 by Charleston Business Magazine. The list celebrates individuals for their economic and community impact. Selection of individuals is a result of community nominations and Charleston Business Magazine's staff research.
“I am honored to be named alongside business, community and nonprofit leaders with a shared vision for a thriving Charleston,” said Fortson. “Ingevity’s mission is to purify, protect and enhance the world around us, and this recognition shows our efforts are making a difference in our own community. North Charleston is home for Ingevity, and I am proud to work with a team so committed to making a positive impact on the quality of life for those who live and work here.”
John Fortson became president and CEO of Ingevity in September 2020, after having served as the company’s chief financial officer for almost five years. Fortson helped orchestrate the company’s successful spin-off and establish it as an independent, publicly traded company, focused on providing market solutions to help customers solve complex problems and make the world more sustainable.
Ingevity was recently named to Newsweek Magazine’s list of America’s Most Responsible Companies of 2023, ranking number one of public companies in the state of South Carolina, 10th in the chemicals and materials industry and 58th in the country. The company was awarded the EcoVadis Gold rating for environmental, social and ethical business practices in 2022, and was also named to the 2022 list of the Best Places to Work in South Carolina.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, bioplastics, coatings, elastomers, lubricants, pavement markings, publication inks, oil exploration and production and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 31 locations around the world and employs approximately 2,050 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
Caroline Monahan
843-740-2068
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Investors:
John Nypaver
843-740-2002
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LOS ANGELES & AUCKLAND, New Zealand--(BUSINESS WIRE)--#aerospace--Universal Hydrogen Co., whose mission is to make hydrogen aviation a near-term reality, today announced it has signed a strategic agreement with Air New Zealand as part of the airline’s expanding Mission Next Gen Aircraft program. Air New Zealand has today named Universal Hydrogen to its long-term partner program as it seeks to find sustainable solutions for its fleet.
Air New Zealand’s Chief Sustainability Officer Kiri Hannifin says the airline has bold sustainability goals that won’t be met by a ‘business as usual’ approach. “Mission Next Gen Aircraft aims to accelerate the technology and infrastructure needed to decarbonize our domestic flights, by joining forces with the world’s leading aircraft developers, innovators, and infrastructure providers. We want to be a leader in the roll out of zero emissions aircraft in New Zealand. Having Universal Hydrogen as one of our long-term partners will grow our collective understanding of zero emissions aircraft technology as it develops and will give them the confidence they are developing a product that’s well-suited for our fleet.”
Universal Hydrogen is developing a solution to convert existing regional airplanes to fly on hydrogen and to supply hydrogen to the fleet using a modular fueling approach, which eliminates the need for new airport infrastructure, speeds up the fueling operation, and reduces transfer losses throughout the hydrogen delivery chain. On completion of testing and certification, Universal Hydrogen’s conversion kits could be installed in Air New Zealand’s regional fleet.
“As the second-largest turboprop operator in the world, Air New Zealand is a trendsetter for the industry,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “We fully expect other airlines to follow in Air New Zealand’s footsteps toward a true zero emissions solution for their fleets. We’re thrilled to be selected alongside Air New Zealand’s other long-term partners—Airbus, ATR, Embraer, and Heart Aerospace—to quickly address aviation’s contributions to the climate crisis.”
About Universal Hydrogen
Universal Hydrogen is building a hydrogen logistics network to fuel the future of aviation today. Hydrogen is the ideal fuel for flight and will power aviation’s new golden age, where planes are powered by renewables and emit nothing but water. The company’s modular hydrogen capsules move over the existing freight network from production directly to the airplane anywhere in the world. Universal Hydrogen is also working to certify a powertrain conversion kit to retrofit existing regional aircraft to fly on hydrogen. The company has gathered the world’s leading aviation and hydrogen talent to give the industry the option of clean flight, forever.
About Air New Zealand
Air New Zealand’s story started in 1940, first taking to the skies between Auckland and Sydney on a flying boat – a Short S30. Known for its warm Kiwi hospitality, today, the airline has 104 operating aircraft ranging from Boeing 787-9 Dreamliners and Airbus A320s to ATRs and Q300s, offering customers comfort in the latest most efficient jets and turboprops. It’s a modern fuel-efficient fleet with an average age of 7.3 years. Air New Zealand’s global network of passenger and cargo services centres around New Zealand. Pre-Covid, the airline flew more than 17 million passengers every year, with 3,400 flights per week. Air New Zealand was recently named the World’s Safest Airline by the Australian rating service AirlineRatings.com, highlighting the airline’s laser-focus on safety. This year, Air New Zealand won Best Corporate Reputation in New Zealand – 8th year in a row. Air New Zealand has a well-connected domestic business, connecting customers and cargo to 20 different regions around New Zealand. Internationally, the airline has direct flights to major cities across Australia, Asia, the Pacific Islands and the US, and through its strong relationships with alliance partners, offers customers more choice and convenience to connect further afield to hundreds of destinations. Air New Zealand has a particular focus on sustainability and its Sustainability Framework helps guide the airline’s efforts in tackling some of New Zealand’s and the world’s most complex challenges. Air New Zealand aircraft are proudly identified by its distinct tail livery of the Mangōpare, the Māori symbol of the hammerhead shark which represents strength, tenacity, and resilience.
Media
Kate Gundry
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617-797-5174
NORTH BETHESDA, Md.--(BUSINESS WIRE)--$ESAB #ESAB--ESAB Corporation ("ESAB" or the “Company”) (NYSE: ESAB), a world leader in fabrication and gas control technology, announced today that it will issue a press release providing financial results for the fourth quarter of 2022 on the morning of Tuesday, March 7, 2023. The Company will hold a conference call to discuss these results beginning at 8:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB’s website www.ESABcorporation.com under the “Investors” section.
ESAB’s financial results press release and supplemental information referenced on the call, if any, for the fourth quarter 2022 will be available under the “Investors” section of ESAB’s website prior to the conference call. A link to a replay of the call will also be available on the ESAB Corporation website later that day.
About ESAB Corporation
ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and gas control technology, providing our partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions which enable our customers to shape the world we imagine. To learn more, visit www.ESABcorporation.com.
Investor Relations Contact:
Mark Barbalato
Vice President, Investor Relations
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Phone: 1-301-323-9098
Media Contact:
Tilea Coleman
Vice President, Corporate Communications
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Phone: 1-301-323-9092
CARBON ATTEST program provides multi-level authentication of projects by combining Changeblock’s IoT approach with Martello’s ‘boots-on-ground’ expertise
LONDON--(BUSINESS WIRE)--Changeblock, a global technology company that develops technologies for creating and trading offsets, today announced a strategic partnership with Martello Risk called CARBON ATTEST. The new partnership enables multi-level authentication of carbon offsetting projects, providing buyers of credits the comfort of knowing their credits are legitimate, meet projected offsetting targets, and are compliant with regulations. The partnership combines Changeblock’s expertise in innovative technology and reliable, verifiable data, with Martello Risk’s experience in supply chain sustainability and risk management.
Carbon Attest will provide businesses with a range of services, including boots-on-the-ground investigations and audits, enhanced due diligence, supply chain sustainability and verification of projects meeting their carbon offsetting goals, as well as ensures compliance with anti-slavery and child labor regulations. Carbon Attest will also provide. strategic and competitor intelligence, social, environmental, and impact assessment, litigation support, and reputation management.
“We believe that the carbon offsetting industry needs to be more transparent, accurate and verifiable in order to combat climate change effectively,” said Billy Richards, CEO of Changeblock. “Changeblock uses IoT and remote sensing technologies to ensure the quality of the emission offsetting assets on its platform. With the addition of Martello Risk’s expertise in supply chain sustainability and risk management, we can provide businesses with a comprehensive multi-level authentication solution. This is a win-win for both originators and buyers of credits as all parties will be able to transact in the knowledge that their credits have been thoroughly verified to be meeting their emission reduction objectives, as well as ensuring compliance with regulations and best practices.”
“We are excited to be working with Changeblock to ensure the trading in carbon offsets achieves the highest levels of transparency, legitimacy, compliance and effectiveness,” said Caspar Fithen, CEO of Martello Risk. “With more than 50 years of combined experience working on the political economy of extractive industries in conflict-affected areas, we can follow supply chains all the way to the source, up to farms and mine sites deep in the African bush or the rainforests of Latin America and Asia. While this is a new market for us, the principles are the same: verification of compliance through boots-on-the-ground, but now further enhanced through Changeblock’s technology stack.”
About Changeblock
Changeblock creates global markets that make the creation and trade of environmental assets for individuals, businesses, and governments easy, affordable, transparent, secure, and environmentally responsible. The company is led by professionals with deep expertise in technology and environmental credits with proven track record of building and delivering solutions that work in the real world, including members of the team that created the first carbon credit, and come from top global organisations.
About Martello Risk
Martello Risk is a business intelligence, litigation support and natural resource audit company that works with companies around the world to ensure supply-chain sustainability and help them meet their corporate social responsibility (CSR) targets. The organisation offers a wide range of services for investigations and audits, litigation support, reputation management, due diligence, and regulatory compliance. Martello Risk is based in the UK and is privately held.
Cameron Thomas for Changeblock
416 660 9801 (Canada)
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WASHINGTON--(BUSINESS WIRE)--Nodal Exchange today announced it achieved a calendar month trading record for January 2023 with 270.8 million MWh of traded power futures volume in the month, up 22% from the prior year. Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.13 billion MWh at the end of January.
Nodal also posted a calendar month trading record for January in its environmental markets with 17,225 lots traded, up 36% from 12,620 lots a year earlier. Environmental open interest at the end of January was 230,634 lots, up 31% from 176,559 a year earlier.
Several key environmental markets continued to post solid growth during the month, including PJM-related REC futures, which posted open interest of 118,110 lots, up 15.5% from 102,175 lots a year earlier. Texas CRS wind and solar REC futures, the most successful voluntary REC futures launched, hit record open interest of 45,083 lots (equal to 45 million MWh of wind and solar power), up 58% from 28,559 lots a year earlier. Open interest in California carbon allowance futures ended January at 12,928 lots, up 176% from 4,691 lots a year earlier.
Nodal, which collaborates with IncubEx on environmental markets, also posted another first-ever trade, NEPOOL Quad-qualified REC futures in January. Only listed on Nodal, the NEPOOL Quad-qualified REC futures contract delivers RECs across Massachusetts Class 1, Connecticut Class 1, New Hampshire Class 1 and Rhode Island New energy resources.
“Nodal Exchange is proud to start the new year with record trading in its power and environmental markets,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. “We look forward to an exciting 2023 working with our trading and clearing community to continue to offer products and services that best meet the needs of all the markets we serve."
ABOUT NODAL
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC. www.nodalexchange.com
Nodal
Nicole Ricard
Nodal Exchange Public Relations
P: 703-962-9816
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NEW YORK--(BUSINESS WIRE)--Equinor and bp have announced that Skanska USA has been chosen as the Construction Manager for the port upgrade of the South Brooklyn Marine Terminal (SBMT). A transformative project in Southwest Brooklyn, the SBMT site will build upon its decades-long history as a staple of Brooklyn’s working waterfront by becoming an industry-leading offshore wind port for the Empire Wind and Beacon Wind projects, which are being developed off the coast of Long Island through a 50-50 partnership between Equinor and bp. Skanska’s initial involvement will be to provide pre-construction services.
The announcement was made at Equinor's Supply Chain Expo at the CUNY Graduate Center, an event focused on helping local and regional manufacturers participate in New York’s new offshore wind industry and connecting them directly with Equinor and its key suppliers.
SBMT will provide crucial infrastructure for the construction of the Empire and Beacon Wind projects, which will bring 3.3 GW of offshore wind power into New York, powering around 2 million homes. SBMT will be equipped to receive, store and pre-assemble key components for offshore wind turbines, serve as the operations and maintenance base for the wind farms, and include a substation that will serve as the point of interconnection to link the power from Empire Wind 1 into the local power grid.
“The South Brooklyn Marine Terminal will play an integral role in powering New York homes with offshore wind energy, while restoring the working waterfront of Sunset Park and creating renewable energy career opportunities. SBMT is at the heart of our offshore wind hub, and once completed, will become a leading port facility for offshore wind nationwide. Skanska has a long history of construction in the neighborhoods of our projects, Empire Wind and Beacon Wind. Together, we will collaborate in seeking to lower emissions from construction and bringing communities as well as minority and women owned business enterprises (MWBEs) into the supply chain. Equinor is excited to begin working with Skanska to transform the South Brooklyn Marine Terminal into a leading offshore wind hub for the community, New York State, and the nation,” said Molly Morris President of Equinor Wind US.
Matthias Bausenwein, bp’s senior vice president offshore wind, said: “This port upgrade allows us to keep growing good offshore wind jobs and will help position the South Brooklyn Marine Terminal as a cornerstone for New York’s expanding offshore wind industry. We’re pleased that Skanska will join us in advancing this exciting project that supports the state’s net-zero ambitions – and those of our companies.”
Skanska, a 135-year-old firm, has been in New York City since 1971 when they worked on their first US project to rebuild the New York City Subway. Since then, the United States has become the company’s single largest market. Some of their major projects in New York include the Moynihan Train Hall, the World Trade Center Oculus and the new LaGuardia Terminal B, recognized for its construction approach to sustainability and resilience from the Institute for Sustainable Infrastructure. Skanska also has a long history of working with New York MWBEs and union labor and will play an integral role in creating local job opportunities during the SBMT redevelopment.
“Skanska is delighted to partner with Equinor and bp on this cutting-edge project that will provide clean energy to millions of New Yorkers and reinforces our commitment to build for a better society. Through the strength of our building and civil construction operations here in New York City, this project will play a vital role in the community, providing a significant source of sustainable and renewable energy, while enhancing supplier diversity and increasing economic activity,” said Justin Post, Senior Vice President, Skanska USA Building.
Once completed, the terminal will be one of the largest offshore wind hubs in the nation and will serve as a national model for creating an offshore wind energy hub. Construction is expected to begin in 2024.
Equinor Renewables US
Equinor is one of the largest offshore wind developers in the world. Its work in the United States includes the development of two lease areas off of New York, Empire Wind and Beacon Wind. The projects plan to provide New York State with 3.3 gigawatts (GWs) of energy—enough to power nearly two million homes—including more than 2 GWs from Empire Wind and 1,230 megawatts from Beacon Wind 1. www.equinor.com/NY
bp in the US
bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp has a larger economic footprint in the United States than anywhere else in the world, investing more than $135 billion in the economy and supporting about 245,000 jobs. For more information on bp in the US, visit www.bp.com/us.
About Empire Wind
Empire Wind is being developed by Equinor and bp through their 50-50 strategic partnership in the US. Empire Wind will power more than 1 million homes and generate 2.1 GW of power. For more information, please visit www.empirewind.com.
About Beacon Wind
Beacon Wind is being developed by Equinor and bp and planned for an area of 128,000 acres in federal waters between Cape Cod and Long Island. The lease area was acquired in 2019 and is being developed in two phases. Beacon Wind 1 is on track to deliver 1.2 GW of renewable energy directly to New York City in the late 2020s – enough to power 1 million homes. Beacon Wind 2 has the capacity to generate another 1.2 GW of clean energy for consumers in the US Northeast. www.beaconwind.com
Lauren Shane
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+1 (917) 392- 4252
Brian Young
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+1 (917) 915-6461
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