MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the global leader in the digital transformation of energy management and automation, announced today its Certification™ by Great Place to Work® across North America. This is the first time that all three counties have been recognized in the same year. This marks the first win for Canada and Mexico, and the fifth time the United States team has been named to the list. The team in Costa Rica also earned this recognition.
The prestigious award is based entirely on what current employees say about their experience working at Schneider Electric. Employees across the region, including US: 84 per cent, Canada: 80 per cent, Mexico: 89 per cent and Costa Rica 91 per cent this year reporting that it’s a great place to work. Great Place to Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
“Being recognized with this award in North America shows that our inclusive, caring, and people-centric culture resonates among teams,” said Mai Lan Nguyen, Senior Vice President, Human Resources, Schneider Electric North America. “We continue to focus on the employee experience and recognize that by creating a collaborative, positive, high-trust work environment, we are empowering our employees to thrive in their current positions and throughout their careers.”
Schneider Electric offers a variety of benefits, resources, and well-being programs to support employees in being their best in all aspects of their lives — at work, at home, and everywhere in between. Some of these benefits include:
“Great Place to Work Certification™ isn’t something that comes easily – it takes ongoing dedication to the employee experience,” said Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place to Work. “It’s the only official recognition determined by employees’ real-time reports of their company culture. Earning this designation means that Schneider Electric is one of the best companies to work for in each of these countries.”
According to Great Place to Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93 per cent more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits and have a fair chance at promotion.
For more information on Schneider Electric, including career opportunities, please visit www.se.com.
About Great Place to Work Certification™
Great Place to Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On
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Hashtags #SchneiderElectric #GreatPlacestoWork #SEGreatPeople
Media:
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero
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MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has entered into a series of portfolio management transactions, comprising of a bolt-on acquisition, a divestiture of non-operated production and acreage and a divestiture of a portion of its water infrastructure assets in Reeves County, Texas.
“At Permian Resources, we believe our focus on portfolio management will continue to drive value for our shareholders. The combined transactions high-grade our portfolio, adding 45 top-quartile locations, 4,000 net acres with significant development potential and 3,100 net royalty acres while generating approximately $100 million in net cash proceeds,” said James Walter, Co-CEO of Permian Resources.
Acquisition Summary
Permian Resources has entered into a definitive agreement to acquire 4,000 net leasehold acres, 3,300 net royalty acres and 1,100 barrels of oil equivalent per day (“Boe/d”) (73% oil) of net production, located predominantly in Lea County, New Mexico from an undisclosed third-party for a total purchase price of $98 million.
This purchase price reflects an acquisition value of approximately $8,000 per net leasehold acre and approximately $7,000 per net royalty acre. The properties’ operated position consists of largely undeveloped acreage and is contiguous to one of the Company’s existing core blocks in Lea County. Permian Resources has identified approximately 45 gross operated two-mile locations from the properties being acquired that immediately compete for capital within the existing portfolio. The acquired properties also include non-operated acreage largely adjacent to and surrounding Permian Resources’ position, which the Company plans to utilize for future acreage trades and other portfolio management transactions.
Non-Operated Divestitures Summary
Permian Resources also announced the divestiture of producing, non-operated properties in Reeves County consisting of approximately 1,800 Boe/d (44% oil) and 3,500 net leasehold acres to an undisclosed third-party for $60 million, reflecting a valuation multiple of greater than 5x 2023 estimated EBITDA. The divested acreage represents the substantial majority of the Company’s non-operated position in Texas and included minimal remaining inventory.
The Company also sold a non-operated position consisting of 300 net leasehold acres in Eddy County, New Mexico for $35,000 per net acre, resulting in approximately $10 million of net proceeds.
Midstream Infrastructure Transactions Summary
The Company signed definitive agreements with an undisclosed third-party that result in Permian Resources divesting a portion of its saltwater disposal wells and associated produced water infrastructure in Reeves County for total consideration of $125 million. The full consideration will be received at closing with $60 million subject to repayment if certain thresholds tied to Permian Resources’ future drilling activity in the service area over the next several years are not met. The Company expects to retain the full consideration based on its current development plan. The counterparty has a strong record of operating midstream assets, and the divested infrastructure has ample additional capacity to service the Company’s future produced water disposal needs. The transaction is expected to close during the first quarter of 2023, subject to regulatory approval.
(For maps and further details summarizing Permian Resources’ recent acquisition and divestitures, please see the presentation materials on its website under the Investor Relations tab.)
2023 Preliminary Outlook
The Company is not adjusting its previously announced fourth quarter 2022 and full year 2023 preliminary outlook as a result of these transactions and plans to issue full year 2023 guidance concurrent with its fourth quarter and full year 2022 earnings results.
About Permian Resources
Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company’s assets and operations are located in the core of the Delaware Basin. For more information, please visit www.permianres.com.
Cautionary Note Regarding Forward-Looking Statements
The information in this press release includes “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. All statements, other than statements of historical fact included in this press release, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “goal,” “plan,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
Forward-looking statements may include statements about:
We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the development, production, gathering and sale of oil and natural gas. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, risks relating to the merger, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating oil and gas reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures and the other risks described in our filings with the SEC.
Reserve engineering is a process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact way. The accuracy of any oil and gas reserve estimate depends on the quality of available data, the interpretation of such data, and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil and natural gas that are ultimately recovered.
Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.
Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
Hays Mabry
Sr. Director, Investor Relations
(832) 240-3265
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Combined Funding in Europe and North America Reaches an All-Time High of $82B in 2022, with Europe Growing 26% Faster than the U.S.
LONDON & PORTLAND, Ore.--(BUSINESS WIRE)--Net Zero Insights, the leading market intelligence platform for climate tech in Europe and North America together with Alder & Co., a purpose-driven climate tech marketing agency, today announced year-end climate tech investment results for 2022 totaling a record-setting sum of $82 billion, a 20% increase compared to 2021. While the majority, $43.9 billion, came from the U.S., Europe’s total funding reached $35.6B, representing a 33% year-over-year increase, compared to only 7% in the U.S.
Europe’s funding surge of 33% was driven by investments in energy, which saw an increase in funding by 81% ($18.5B), followed by transport ($9.4B), circular economy ($7.1B) and industry ($6B). The sectors showing the strongest growth in Europe are industry (+645%), GHG capture, removal and storage (+457%) and emissions control, reporting and offsetting (+433%). Climate tech companies from the United Kingdom scored the highest funding ($8.1B), followed by Sweden ($7.7B) and Germany ($5.3B). Finland saw the biggest year-over-year growth of any European country driven by four mega-deals respectively across supply chain tracking, climate fintech, quantum computing and circular electronics.
“Unsurprisingly, energy was the strongest sector in Europe, with investors seeing a resurgence of renewable energy projects and technologies to strengthen Europe’s energy independence,” said Frederico Cristoforoni, co-founder, Net Zero Insights. “Europe is also banking on hydrogen and decarbonizing heavy industry.”
In 2022 solutions to decarbonize industry generated momentum as more investment poured into hardware. Even excluding the mega-round raised for H2 Green Steel of $4.54B, (the largest ever climate tech investment in Europe), the industry sector almost doubled year-over-year investment.
H2 Green Steel was far from the only substantially large investment, as mega-rounds accounted for 6.6% of rounds in 2022, showing a growing maturity of the ecosystem. Other mega-rounds included Northvolt, TerraWatt Infrastructure, Flexport and Enpal.
While venture capital and overall funding slowed down in the U.S., the median deal size increased significantly from $2.4M to $5.5M, a growth of 132%. From a challenge perspective, GHG capture, removal and storage was by far the fastest growing sector in the U.S. with a year-over-year growth rate of +1632%, translating to a total of $1.4B.
The recently passed Inflation Reduction Act (IRA) was the single largest investment in climate and energy in American history at $369B. Included within are appropriations of $250B in loans: $11.7B for new loans, $100B for increasing existing loans and $5B for a new loan program, the Energy Infrastructure Reinvestment (EIR).
“We expect 2023 to be a big year for transatlantic partnerships in climate tech,” said Melanie Adamson, chief marketing strategist, Alder & Co. “With European climate tech companies closing the funding gap vis-a-vis their North American counterparts, we’re seeing companies seeking collaboration and expansion opportunities on both sides of the Atlantic.” For more details on climate tech investment by sector, funding, and geography, read the report here.
About Net Zero Insights
Net Zero Insights operates the Net0 Platform – today probably the most comprehensive database of climate tech startups and SMEs operating in Europe and North America. Investors, corporates and decision-makers work with us to gain insight into financial and tech trends by accessing data on funding rounds, activity sectors, technology, patents, contact details, and much more. Find out more: netzeroinsights.com
About Alder & Co
Alder & Co. is a leading, global strategic brand marketing agency with the mission to drive the adoption of climate technologies until they become universal. Alder partners with forward-facing, innovative climate tech companies who need progressive brand & marketing strategies to drive growth, secure investment and make the impact needed to address our generation’s most urgent crisis – our environment. Find out more: alderagency.com
Whitney McGoram: This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus”) today announced that its Board of Directors approved the payment of a quarterly cash dividend of $0.11 per share of Class A common stock with payment to occur on March 16, 2023 to holders of record of Class A common stock at the close of business on February 27, 2023. A corresponding distribution of up to $0.11 per CW Unit has also been approved for holders of CW Units of Cactus Wellhead, LLC.
Declarations of any dividends in the future, and the amount of any such dividends, are subject to approval by Cactus’ Board of Directors.
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers throughout the United States and Australia, while also providing equipment and services in select international markets.
Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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$267 million financing leverages Production Tax Credit (PTC) structure made available for solar in the Inflation Reduction Act of 2022
SAN FRANCISCO--(BUSINESS WIRE)--#Arkansas--Lightsource bp has successfully closed on a $267 million tax equity investment from Fortune 500 Wells Fargo & Company (NYSE: WFC), a leading financial services company with approximately $1.9 trillion in assets. The tax equity investment by Wells Fargo is in addition to Lightsource bp’s sponsor equity investment and complements the debt financing package which originally closed in December 2021.
“We are pleased to support Lightsource bp in its efforts to supply low-cost, emission-free solar electricity in Louisiana and Arkansas,” said Shane Easter, a director with Wells Fargo’s Renewable Energy & Environmental Finance group. “Providing expertise and capital to important customers like Lightsource bp is part of our commitment to deploy $500 billion in sustainable financing by 2030 to support our customers and communities as they transition to a resilient, equitable and sustainable future.”
Well Fargo’s investment will support the construction and operation of a two-project portfolio totaling 481 megawatt dc (MW), which are among the largest projects in each state, and include:
As the tax equity investor, Wells Fargo is now the eighth global financial institution to support this portfolio of projects, joining the portfolio’s project finance lenders including HSBC Bank USA, ING Capital LLC, Societe Generale, NatWest, Intesa Sanpaolo, Standard Chartered Bank, and Allied Irish Banks.
Collectively, the projects will abate more than 630,00 metric tons of greenhouse gas emissions each year. Both projects are scheduled to come online starting in 2023, creating 600 direct construction jobs.
“This investment is a great example of the positive impact that top tier financial institutions with meaningful commitments to sustainability such as Wells Fargo can make to help accelerate our country’s transition to a low-carbon economy and reduce the impacts of climate change that affect lives and livelihoods,” said Kevin Smith, Lightsource bp’s CEO of the Americas. “The new tax credit options and stable policy environment for job growth made possible by the Inflation Reduction Act will further incentivize investment and spur the growth of America’s solar industry.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy and energy storage projects and a 50:50 joint venture with bp. For more than a decade, Lightsource bp has delivered affordable, safe and sustainable energy to businesses and communities around the world. Their team includes nearly 1,000 industry experts, working in 19 countries, providing full scope development for projects, from initial site selection, financing and permitting to long-term management of solar projects and energy sales to their customers. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Austin, Philadelphia and Atlanta. Since 2019, the team has brought into operation or initiated construction on U.S solar projects with capital costs of more than $4 billion, including projects in 10 states. For more information visit www.lightsourcebp.com/us.
Media contact:
Mary Grikas
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH) announced today that it has priced a private offering of $500 million of senior notes due 2031 (the “notes”).
The notes, which carry an interest rate of 6.375%, were priced for purposes of resale at 100.000% of their aggregate principal amount. The issuance and sale of the notes is expected to close on or about January 24, 2023, subject to customary closing conditions. Clean Harbors intends to use the net proceeds of the offering and a $114.0 million loan under Clean Harbors’ existing revolving credit facility, together with cash on hand, to repay the $614.0 million aggregate principal amount of senior secured term loans due in 2024 which are now outstanding under the Company’s term loan credit facility and to pay fees and expenses in connection with the offering of the notes and accrued interest in connection with such repayment of senior secured term loans.
The notes will be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes, nor shall there be any sale of notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. The notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates throughout the United States, Canada, Mexico, Puerto Rico and India.
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “should,” “estimates,” “projects,” “may,” “likely,” or similar expressions. Such statements may include, but are not limited to, statements about future financial and operating results, the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of Clean Harbors’ management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, without limitation, those items identified as “risk factors” in Clean Harbors’ most recently filed Form 10-K and Form 10-Q. Forward-looking statements are neither historical facts nor assurances of future performance. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Clean Harbors undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its various filings with the Securities and Exchange Commission.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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Findings demonstrate that coordinated, industry-wide workforce development solutions are crucial to enable the transition to climate-friendly refrigerants
MILL VALLEY, Calif.--(BUSINESS WIRE)--#grocery--The North American Sustainable Refrigeration Council (NASRC), a 501(c)(3) environmental nonprofit working to advance climate-friendly natural refrigerants in supermarkets, today announced the publication of a report summarizing the commercial refrigeration industry’s increasingly critical technician shortage. The report proposes data-driven solutions to improve technician recruitment, training, and retention to grow the workforce.
“Anecdotal evidence from NASRC member contractors has long pointed to a shortage of commercial refrigeration technicians,” said Danielle Wright, executive director of NASRC. “We conducted this assessment to find concrete evidence and identify strategies to address this industry challenge.”
The assessment substantiated that the nationwide technician shortage is disrupting essential operations and threatening U.S. supermarkets’ ability to transition from super-polluting hydrofluorocarbon (HFC) refrigerants. Supermarket refrigeration is one of the leading sources of high global warming potential (GWP) HFC emissions. NASRC estimates the annual climate impact from U.S. supermarket refrigerant leaks to be 55 million metric tons of carbon dioxide equivalent.
NASRC gathered assessment information through interviews and written surveys from training, service, and human resource stakeholders. Though some national data was collected, the initial assessment primarily focused on California due to stringent regulations that have stimulated the transition from HFCs in the state.
“Our research found that the refrigeration technician workforce is caught in a negative feedback loop,” said Wright. “The shortage leads to demanding schedules, causing technicians to leave the field, further exacerbating the labor market supply issues.”
NASRC will coordinate an industry-wide implementation of the report recommendations, starting with a Natural Refrigerant Training Summit for technicians April 4 – 6, 2023, in Irwindale, California. Co-hosted with Southern California Edison, the event is free to attend and will feature training by leading manufacturers and experts. Learn more.
Download the free Workforce Development report.
About the North American Sustainable Refrigeration Council
The North American Sustainable Refrigeration Council (NASRC) is a 501(c)(3) environmental nonprofit working to advance climate-friendly natural refrigerants and reduce greenhouse gas emissions caused by traditional HFC refrigerants. We collaborate with stakeholders from across the industry, including over 38,000 food retail locations, to eliminate the barriers to natural refrigerants in supermarkets. For more information, visit nasrc.org, Linkedin, Twitter and YouTube.
Media Contact
Morgan Smith
North American Sustainable Refrigeration Council
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585-217-2254
HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today that it has priced $600 million in aggregate principal amount of 7.375% unsecured Senior Notes due 2031 (the “Notes”) in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This represents a $100 million increase in the original offering amount. The Notes will be guaranteed on a senior unsecured basis by all of CMLP’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the “Revolving Credit Facility”). CMLP expects to close the offering on January 19, 2023, subject to customary closing conditions, and the Notes will be issued at par.
CMLP intends to use the net proceeds from the Notes Offering to repay a portion of borrowings under the Revolving Credit Facility. CMLP also intends to repay and terminate Crestwood Permian Basin Holdings LLC’s (“CPJV”) credit facility with borrowings under the Revolving Credit Facility within 30 days after the closing of the Notes Offering, at which time CMLP intends to designate CPJV and certain of its wholly owned subsidiaries as restricted subsidiaries and guarantors of the existing notes and the Notes.
The Notes and the related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes or related guarantees in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in CMLP’s filings with the United States Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
About Crestwood Midstream Partners LP
Houston, Texas, based CMLP is a limited partnership and wholly owned subsidiary of CEQP that owns and operates midstream businesses in multiple shale resource plays across the United States. CMLP is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water.
Crestwood Midstream Partners LP
Investor Contacts
Andrew Thorington, 713-380-3028
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Vice President, Finance and Investor Relations
Rhianna Disch, 713-380-3006
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Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211
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Senior Vice President, Sustainability and Corporate Communications
Starlink antennas and budget-friendly support plans can be purchased a-la-carte to provide Maritime customers the reseller benefits without required product add-ons or unnecessary bundled services
MIAMI--(BUSINESS WIRE)--Anuvu, the leading provider of high-speed connectivity and entertainment solutions for demanding mobility markets, announced that it has become an authorized global reseller of Starlink’s connectivity. Anuvu is the first maritime technology reseller to offer these antennas at a price of $2,500.
Through the new reseller agreement, Anuvu is offering the fastest speeds available from Starlink’s constellation.
Anuvu has been supporting customers’ Starlink installations in the cruise, energy and yacht verticals since Starlink expanded its offerings to the maritime industry in July 2022. In October, Anuvu introduced the energy industry’s first crew portal tailored to support Starlink service, meeting operators’ need for faster connectivity to accommodate their employees’ video calls, high-definition video streaming and online gaming from remote locations.
“Before entering the Starlink resale business, we wanted to guarantee the most seamless, affordable, obligation-free experience for maritime customers and that’s exactly what we’ve done,” said Erik Carlsen, SVP, Maritime, Energy & Government at Anuvu. “Customers who buy Starlink from Anuvu get our expertise and customer support without any strings attached. For maritime operators adopting a LEO solution, there’s no simpler path than ours, to acquire Starlink.”
Anuvu is focused on giving maritime customers the easiest acquisition process for LEO connectivity, without requiring product or service bundles that Starlink does not mandate. Customers who buy a Starlink antenna from Anuvu will benefit from multiple payment options, end-user customer support, the fastest Starlink speeds in maritime, and simplified billing from a single source.
"We’re happy to engage as a trusted technology guide and partner for our customers, but if you just need the fastest Starlink maritime service available in a seamless and straightforward process, then Anuvu is the obvious choice,” Carlsen said.
Customers can opt for Anuvu to install the Starlink solution if they choose, as well as SD-WAN and an advanced suite of network-management tools that can enhance, monetize and optimize their connectivity, but they are not required to do so.
To purchase Starlink from Anuvu click here.
About Anuvu
Anuvu’s team of global experts effortlessly manage connectivity and content requirements for demanding mobility markets including airlines, cruise lines and mission-critical maritime, energy and government applications. Through long-standing customer relationships, we have a proven track record for meeting our customers’ needs, even as the world changes.
Anuvu’s flexible and agile approach enables us to adopt the newest technology to optimize our clients’ experience and we take pride in maximizing the performance of today, while optimizing for tomorrow. Our goal is to provide our clients with reliable, scalable and affordable solutions that meet the ever-changing needs of their passengers and guests. Through our intelligent leadership and innovation, Anuvu defines next-generation passenger experiences through integrated solutions tailored to our customers’ brands and service objectives.
Anuvu. Let Innovation Move You.
Kite Hill PR for Anuvu
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Black & Veatch pinpoints, at Hydrogen India Summit 2023, decarbonization models that will hasten India's shift to cleaner fuels
DELHI, India--(BUSINESS WIRE)--With India’s reliance on imported crude oil, opportunities exist to plan for and grow the use of green hydrogen as a zero-emissions fuel source for the country’s transport sector, including commercial fleets and aviation.
“The commercial credibility of hydrogen development is absolutely key, particularly around securing viable off-takers for the product. There are a few emerging business models that are being studied and developed more closely in India, for domestic consumption and export. This includes the use of hydrogen for transport fleets, the use of hydrogen derivatives as an aviation fuel and the production of green ammonia,” said Ruturaj Govilkar, Country Manager and Managing Director, India, Black & Veatch.
India serves as an integral part of Black & Veatch’s innovation network exploring and providing hydrogen and other emerging sustainable solutions for clients globally. Countries throughout the world continue to announce new decarbonization and hydrogen strategies, and India recently approved the National Green Hydrogen Mission with an initial outlay of Rs.19,744 crore (US$ 2.3 billion). The Mission aims to make India a global hub for production, utilization and export of green hydrogen and its derivatives.
Speaking at the Hydrogen India Summit 2023, Govilkar proposed that, together, electric vehicles (EVs) and vehicles powered by hydrogen – in particular commercial fleets – are an alternate form of transportation that may eventually be more cost-effective, compared to the rising cost of fossil fuels.
Other promising commercial models include the production of green ammonia for export whereby importing countries could substitute ammonia directly for natural gas and use it for critical applications like power generation, or the use of ammonia as a fuel for shipping. A significant advantage is that outside the electrolysis process to produce green hydrogen, the production of ammonia is a well-established technology.
Similar to the ammonia synthesis loop, Black & Veatch notes that the basic method for producing synthetic fuel for aviation or other uses is proven, and pending wider usage.
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
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ROSH HA’AYIN, Israel--(BUSINESS WIRE)--$BNRG #cleanenergy--Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy”; TASE: BNRG, Nasdaq: BNRG), a global leader in thermal energy storage, is pleased to announce that it has won the World CleanTech Awards’ 2022 Visionary CleanTech StartUp of the Year Award in Energy Distinction. Brenmiller President and CEO Avi Bremiller accepted the award on behalf of the Company at the World CleanTech Awards in Abu Dhabi on January 15, 2023.
Hosted by the CleanTech Business Club CBC, the World CleanTech Awards bring together companies, financial institutions, investors, politicians and influencers from 36 countries to recognize companies and individuals driving the transition to a clean energy future. Brenmiller was selected for its outstanding contributions to the field of energy storage. Recognition for this award comes after Brenmiller, in conjunction with the Enel Group, inaugurated the world’s first-ever thermal energy storage system integrated with an active power plant in Santa Barbara, Italy.
“It is an honor to join such an esteemed network of innovative companies named as World CleanTech Awards winners,” said Brenmiller president and CEO Avi Brenmiller. “This award was made possible by our team’s hard work and unwavering commitment to developing innovative, affordable, and scalable thermal energy storage solutions. We believe that our thermal energy storage systems will help decarbonize industrial heat production, which accounts for nearly a quarter of all global emissions.”
The 2022 World CleanTech Awards (“WCA”) winners were nominated and voted on by a jury of solar industry experts, including past winners of the Solar Future Today Visionary Influencers Awards and past WCA Awardees.
About Brenmiller Energy Ltd.
Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a way to use electricity, biomass and waste heat to generate the clean steam, hot water and hot air they need to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals or drive steam turbines without burning fossil fuels. For more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when it discusses its belief that the Company’s thermal energy storage systems will help decarbonize industrial heat production. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company’s results include, but are not limited to, the Company’s planned level of revenues and capital expenditures, the demand for and market acceptance of our products, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks and the risks associated with the adequacy of existing cash resources. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s prospectus dated May 24, 2022 filed with the U.S. Securities and Exchange Commission (“SEC”), which is available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media:
Tori Bentkover
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SAN JOSE, Calif.--(BUSINESS WIRE)--AVACO continues to expand its contract manufacturing service to target broader markets of the semiconductor equipment industry. As a veteran contract manufacturer for the FPD, PV, battery, and additive manufacturing industries, AVACO will take on a new marketing initiative providing a highly cost-effective solution to various industries that require reliable repeatability control and automation capability for both R&D and mass production equipment.
FemtoMetrix®, the world leader in optical Non-Visual Defect (NVD) inspection for surface and buried defects, has recently entered into a manufacturing service agreement with AVACO Co., Ltd. to build Harmonic F-Series process control tools. Alon Raphael, CEO of FemtoMetrix, says, “By working with AVACO, FemtoMetrix has a world-class manufacturing Partner that can build our Harmonic F-Series metrology systems, reliably and repeatably. This will allow FemtoMetrix to continue improving our SHG technology and expand our application set within semiconductors and beyond.” AVACO brings decades of experience in semiconductor capital equipment and contract manufacturing. The Harmonic F-Series tools are used for in-line process monitoring.
With a proven track record in the highly competitive mass production manufacturing market, AVACO offered both the original design and contract manufacturing for world-class production equipment throughout the years, holding exceptional expertise in automation control, mass production, complex assemblies, system design, and turnkey solution. “AVACO anticipates phenomenal growth for the semiconductor equipment market that will also require greater flexible processes to meet product variations, and our company’s background that encompasses high quality, reliable products, unparalleled service, and competitive prices will give the competitive edge for customer satisfaction for the CM and ODM demands,” stated Chuck Kim, AVACO’s Vice President & GM, Business Development.
AVACO is pleased to announce its participation in the IME Anaheim West 2023 (Design & Manufacturing West) Exhibit, February 7-9, 2023 at Anaheim Convention Center, Anaheim, CA. For more information, please visit us at Exhibit Halls A-E Booth #3479. Additional information can be found on our website at www.avaco.com.
About AVACO Co., Ltd.:
AVACO, a publicly traded company headquartered in Daegu, South Korea (KOSDAQ:083930), is a global supplier of OEM equipment and Contract manufacturing service that specializes in the mass production of manufacturing equipment that encompasses all aspects related to PVD, ALD, various BEOL, PV, additive manufacturing, semiconductor processing & metrology equipment, and factory automation equipment.
For more information, visit www.avaco.com, contact AVACO Inc. at 669-230-3111, or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it..
AVACO Inc.
Heather Kim, 669-230-3111
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EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced an OLED evaluation agreement with Seiko Epson Corporation (TSE: 6724, "Epson"). Under the agreement, Universal Display will supply its proprietary phosphorescent OLED materials and technology to Epson for AR/VR (augmented reality/virtual reality) display applications. Details and financial terms of the agreement have not been disclosed.
“We are pleased to continue our partnership with Japanese panel maker Seiko Epson,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Our mission is to enable our customers and the OLED industry with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials. We look forward to further collaborating with Epson as the proliferation of OLEDs is expected to broaden and grow in the consumer electronics landscape.”
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
Follow Universal Display Corporation
(OLED-C)
Universal Display:
Darice Liu
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+1 609-964-5123
PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE)(ISIN:NL0014559478) will issue its full year 2022 financial results on Thursday March 2, 2023, at 07:30 CET. The Company will host a results conference call on the same day at 14:00 CET.
To participate in the conference call, please use one of the following telephone numbers and dial in approximately 10 minutes prior to the scheduled start time:
FR: |
+33 170918704 |
UK: |
+44 1 212818004 |
US: |
+1 718 7058796 |
Conference Code: |
880901 |
The event will be webcast simultaneously and can be accessed at:
https://edge.media-server.com/mmc/p/tf9e3ns7
To listen to the webcast, please register on the website at least 10 minutes before the call begins. The webcast will be available on-demand shortly after it has finished.
Please note that the 2023 financial results calendar is available here: T.EN Events Calendar
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs trading over-the-counter. For further information: www.technipenergies.com.
Investor relations
Phillip Lindsay
Vice-President Investor Relations
Tel: +44 (0) 20 7585 5051
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Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”), plan to announce results for the quarter ending December 31, 2022 on February 24, 2023, before the opening of trading on the NYSE. HF Sinclair and HEP have scheduled a joint webcast conference on February 24, 2023 at 8:30 a.m. Eastern time to discuss financial results.
This webcast may be accessed at:
https://events.q4inc.com/attendee/250565072
An audio archive of this webcast will be available using the above noted link through March 10, 2023.
About HF Sinclair Corporation:
HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HF Sinclair supplies high-quality fuels to more than 1,300 Sinclair branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries. Through its subsidiaries, HF Sinclair produces renewable diesel at two of its facilities in Wyoming and also at its facility in Artesia, New Mexico. HF Sinclair also owns a 47% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HF Sinclair subsidiaries.
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including subsidiaries of HF Sinclair Corporation. HEP, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude pipelines, tankage and terminals in Colorado, Idaho, Iowa, Kansas, Missouri, Nevada, New Mexico, Oklahoma, Texas, Utah, Washington and Wyoming, as well as refinery processing units in Kansas and Utah.
HF Sinclair Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Manager, Investor Relations
TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (“Li-Cycle”or the “Company”) (NYSE: LICY), today announced that it plans to release its fourth quarter and full year 2022 financial results (for the year ended October 31, 2022) prior to market open on Monday, January 30, 2023. Management will review the results during a conference call and audio-only webcast at 8:30 a.m. (Eastern Time) on the same day.
Investors may listen to the conference call live via audio-only webcast or through the following dial-in numbers:
Domestic: |
1 (800) 579-2543 |
|||||
International: |
1 (203) 518-9783 |
|||||
Participant Code: |
LICYQ422 |
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Webcast: |
https://investors.li-cycle.com |
A replay of the conference call/webcast will also be made available on the Investor Relations section of the Company’s website at https://investors.li-cycle.com.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
Investor Relations
Nahla A. Azmy
Sheldon D’souza
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Press
Louie Diaz
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DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”) and HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”), plan to announce results for the quarter ending December 31, 2022 on February 24, 2023, before the opening of trading on the NYSE. HEP and HF Sinclair have scheduled a joint webcast conference on February 24, 2023 at 8:30 a.m. Eastern time to discuss financial results.
This webcast may be accessed at:
https://events.q4inc.com/attendee/250565072
An audio archive of this webcast will be available using the above noted link through March 10, 2023.
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including subsidiaries of HF Sinclair Corporation. HEP, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude pipelines, tankage and terminals in Colorado, Idaho, Iowa, Kansas, Missouri, Nevada, New Mexico, Oklahoma, Texas, Utah, Washington and Wyoming, as well as refinery processing units in Kansas and Utah.
About HF Sinclair Corporation:
HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HF Sinclair supplies high-quality fuels to more than 1,300 Sinclair branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries. Through its subsidiaries, HF Sinclair produces renewable diesel at two of its facilities in Wyoming and also at its facility in Artesia, New Mexico. HF Sinclair also owns a 47% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HF Sinclair subsidiaries.
Holly Energy Partners, L.P.
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Manager, Investor Relations
MIAMI--(BUSINESS WIRE)--#electricvehicles--OBE Power Networks (“OBE Power”) announces the closing of a senior secured funding facility with SUSI Energy Efficiency Fund II, managed by SUSI Partners, a Swiss-based infrastructure investment manager. The facility will support OBE Power in further advancing its unique EV Charging-as-a-Service (“EV CaaS”) offering to a fast-growing customer base in the live-work-play-learn ecosystem, thus enabling the company to expand its current Florida and Texas footprint to the entire country.
OBE Power provides EV CaaS solutions in strategic urban locations through long-term exclusive agreements with investment grade hosts including municipalities, corporate headquarters, residential buildings, hospitals, and universities. The company offers a broad suite of EV CaaS and Software as a Service (“SaaS”) solutions to both hosts and fleet managers and is targeting a 10-fold growth over the next three years based on projected market conditions. OBE Power is currently ranked as one of the top 15 Charge Point Owners & Operators in the United States.
“With the rapidly expanding adoption of electric passenger and commercial-fleet vehicles across the U.S., as well as the recently announced federal and state EV incentive programs, we are excited to see the validation of our EV CaaS solution through the funding facility with SUSI Partners and look forward to growing our partnership as we expand our offerings to regional and national accounts,” said Alejandro Burgana, Co-Founder and Managing Director of OBE Power.
Alexander Hunzinger, Head of Credit Investments at SUSI Partners, commented: “It is great to see our credit financing solution, through which we have invested more than half a billion USD to date, be applied to an ever-growing array of energy transition solutions. As an investment manager with an exclusive focus on energy transition infrastructure, we are pleased to support OBE Power in driving forward the electrification of transportation in the U.S., a market in which we see a lot of potential and consider to be of great importance for the achievement of global climate goals.”
Says Luis Paul, Co-Founder and Managing Director of OBE Power, “Our funding facility with SUSI Partners is an important steppingstone in the continued nationwide growth of our EV CaaS offering. With this financing, we will be well positioned to continue to help hosts meet the EV charging requirements of their customers and clients by providing a convenient and affordable charging and software solution with an efficient host onboarding and management program.”
OBE Power was advised by ERG Capital Markets (US) LLC.
About OBE Power
OBE Power www.obepower.com, founded in 2017 in Miami, Florida, is the owner and operator of an integrated ecosystem of electric vehicle charging services for site hosts, EV drivers and related stakeholders. The Company’s platform provides an owner operated “Electric Vehicle Charging as a Service” (EV CaaS) business model at no cost to Host Customers, while providing conveniently located charging locations that promote the distributed Live/Work/Play/Learn sustainable lifestyle to their retail customers.
About SUSI Partners
Founded in 2009, SUSI Partners www.susi-partners.com is a Swiss-based investment manager specialized in sustainable energy infrastructure investments with EUR 1.9bn in capital commitments from institutional investors. The firm’s investment strategy focuses on private equity and credit opportunities across the energy transition spectrum, including clean energy generation, energy efficiency measures, and solutions enabling clean energy use. With a successful track record of more than 140 transactions in over 20 countries to date, SUSI Partners seeks to achieve attractive risk-adjusted returns for its clients and their beneficiaries while contributing meaningfully to achieving global climate neutrality.
Alejandro Burgana
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Steve Jackson appointed Managing Director of Australia business
SYDNEY & CHICAGO--(BUSINESS WIRE)--#Australia--Bluestar Energy Capital (‘Bluestar’ or ‘the Company’) today announced the appointment of Steve Jackson as Managing Director of its Australian renewable development platform, Bluestar Energy Australia Pty Ltd. Steve has over 30 years of experience in all facets of the Australian power industry and has held executive positions with leading private and public electricity companies. Jackson will be based in Bluestar’s Sydney CBD office.
Steve has held prior positions as Vice President (APAC Regional Manager) at First Solar and Head of Development at FRV Australia.
“Steve has a proven track record in establishing and scaling leading platforms in the Australian energy transition,” commented Declan Flanagan, Founder & CEO of Bluestar. “I am delighted to have such an accomplished energy executive build on our business in Australia.”
“Bluestar has such a high calibre team with a fantastic track record of success in developing renewable energy projects globally. I’m fortunate to hit the ground running with great resources, one permitted wind project, and other projects having commenced development with an established developer here in Australia,” commented Jackson. “I look forward to building another high performing team of Aussie industry professionals to develop more wind, solar, and storage projects. The challenge of meeting Australian decarbonization targets is considerable, creating a huge opportunity to build a globally significant platform and I look forward to helping achieve this.”
Since the completion of its US$100 million initial fundraising from founder Declan Flanagan and investors S2G Ventures and Great Bay Renewables in 2022, Bluestar has been successfully scaling its global presence. The company now has offices in Chicago, Austin, Dublin, and Sydney. Its fast-growing team consists of more than 30 professionals, and its project development pipeline already exceeds 1 gigawatt (GW), including Bluestar’s first fully permitted project in Australia, which is on track to enter construction next year.
“I am very pleased with the progress we have made in a short period of time. It’s a testament to the great group of professionals at Bluestar,” commented Flanagan. “But this is a long-term and patient plan. There are plenty of challenges to the global energy transition as well as undisciplined capital chasing investments, which makes Bluestar’s greenfield development-focused strategy especially important.”
About Bluestar Energy Capital
Bluestar Energy Capital (Bluestar) is a global renewable energy investment company focused on development platforms and project development capital. Bluestar delivers investable clean energy projects at scale through its regional development platforms, Nova Clean Energy, LLC, and Bluestar Energy Australia. Bluestar is headquartered in Chicago, Illinois with offices in Austin, Texas, Dublin, Ireland, and Sydney. Follow Bluestar on LinkedIn. Follow our platform company, Nova Clean Energy on LinkedIn.
Wendy Prabhu, Mercom Communications
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US: +1.512.215.4452
UK: +44.203.617.1930
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is pleased to provide an update on the 30-day Initial Production Rate (“IP30”) of its Glenn 16-3H well in its Tishomingo field in Oklahoma.
Glenn 16-3H Well
The Glenn 16-3H well (100% working interest) has averaged about 990 Barrels of oil equivalent (“BOEPD”) (805 Barrels of oil per day (“BOPD")) for thirty production days while the well has been flowing back the completion stimulation fluid.
Wolf Regener, President and CEO, commented, “The IP30 of the Glenn 16-3H well, along with the previous wells from our 2022 drilling program, have all far exceeded our expectations.
“We look forward to drilling our next wells later this quarter, as we have signed a drilling rig contract, where the rig is expected to arrive around the beginning of March 2023.
“To put this excellent well result in perspective, the forecasted 30-day proved curve case (IP30) utilized by our third-party engineering firm for our December 31, 2021 reserve report was 388 BOEPD (“Reserve Report IP30”), while the initial 30-day type curve used by the Company’s management for wells in the corridor assumes a 472 BOEPD IP30 rate (“Management IP30”). The Glenn 16-3H well’s IP30 is about 2.5 times higher than the Reserve Report IP30, which is similar to the Brock 9-3H well’s IP30 which we announced on January 9, 2023.”
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQX under the stock symbol KGEIF.
Cautionary Statements
In this news release and the Company’s other public disclosure: The references to barrels of oil equivalent ("Boes") reflect natural gas, natural gas liquids and oil. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. The type curve utilized by the Company’s management is the average of the 7 Caney wells that were drilled prior to December 31st, 2021, are located in the Corridor (well names can be found on the Company’s Corporate presentation), with lateral lengths normalized to a 4,900 ft lateral length, the other assumptions are the same as in the Company’s December 31, 2021 independent reserves evaluation.
Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company's December 31, 2021 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2021, which the Company filed on SEDAR on March 8, 2022.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of and expected results from planned wells development. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Wolf E. Regener +1 (805) 484-3613
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Website: www.kolibrienergy.com
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