HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today its intention, subject to market and other conditions, to offer $500 million in aggregate principal amount of 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”). 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 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 will be 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
There was a record 128 Solar M&A transactions in 2022
Total corporate funding for Solar companies came to $24.1 billion in 2022
AUSTIN, Texas--(BUSINESS WIRE)--#MA--Mercom Capital Group, a global clean energy communications and consulting firm, released its annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2022.
Total corporate funding worldwide in the solar sector, including venture capital and private equity (VC), debt financing, and public market financing, came to $24.1 billion in 2022, a decline of 13% compared to $27.8 billion in 2021. The total deal count, however, was up by over 20% year-over-year (YoY).
Get the report: https://mercomcapital.com/product/annual-q4-2022-solar-funding-ma-report
Chart: Solar Corporate Funding 2010-2022
“The war in Ukraine has accelerated demand for solar around the world and the Inflation Reduction Act has boosted the sector in the U.S. In 2022, we saw record venture capital and private equity funding; solar companies were acquired in record numbers; and solar projects saw its second best year for acquisitions,” commented Raj Prabhu, CEO of Mercom Capital Group. “But we are beginning to see higher interest rates bite into financing activity which resulted in lower public and debt financing in the second half of the year.”
Global VC funding in the solar sector in 2022 came to $7 billion, 56% higher compared to $4.5 billion in 2021. This is the highest amount of VC funding for solar in a single year. There were 21 VC funding deals over $100 million.
Chart: Solar VC Funding 2010-2022
Of the $7 billion in VC funding in 90 deals in 2022, $5.9 billion (84%) went to 62 Solar Downstream companies. Solar PV companies raised $864 million; Balance of System (BOS) raised $83 million; Thin-Film technology companies raised $76 million; Service Providers raised $44 million; and Concentrated Solar Power companies raised $13 million.
Chart: Solar Top VC-funded Companies
The top VC-funded companies in 2022 were Intersect Power ($750 million), Longroad Energy ($500 million), Yellow Door Energy ($400 million), Palmetto ($375 million), Aspen Power Partners ($350 million), and Agilitas Energy ($350 million).
Public market financing in 2022 totaled $5.1 billion.
In 2022, announced debt financing came to $12 billion.
There was a record 128 mergers and acquisition (M&A) transactions in 2022.
Chart: Solar M&A 2010-2022
Chart: Solar Top M&A Transactions in 2022
There were 268 large-scale solar project acquisitions in 2022, 66 GW of solar projects changed hands, the second highest ever.
Chart: Solar Large-Scale Project Acquisitions 2010-2022
The 122-page report covered 225 companies and investors, and contains 106 charts, graphs, and tables.
Learn more: https://mercomcapital.com/product/annual-q4-2022-solar-funding-ma-report
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence, and strategic decision-making. https://www.mercomcapital.com.
Wendy Prabhu, Mercom Communications
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US: +1.512.215.4452
Acquisition expands Tallgrass’ footprint to a nearly coast to coast 2,400-mile horizontal header system
DENVER--(BUSINESS WIRE)--Today, Tallgrass announced the successful completion of its acquisition of the Ruby Pipeline. The acquisition, which was previously announced in December, extends Tallgrass’ reach to west coast markets and adds 683 miles of modern 42” pipeline infrastructure capable of moving 1.5 bcf/d to the company’s extensive asset base.
"We moved quickly to close the acquisition and we are eager to bring Ruby and our new teammates into the Tallgrass family,” said Zach Rider, Vice President Commercial and Corporate Development. “This is a strategic asset which brings immediate value to our portfolio.”
Ruby also enhances the value proposition that Tallgrass can offer to its existing and future customers by providing access to nearly every major demand center across the U.S., as well as supply basin optionality. It also provides an expanded platform for Tallgrass’ continued efforts to offer innovative decarbonized energy solutions.
“Ruby enables cross-continental optionality and access for our existing customer base while providing Ruby’s customers a new partner with a strong track record of performance,” says Dustin Bashford, Segment President for Natural Gas.
Tallgrass was represented by Blank Rome LLP.
Cautionary Note Concerning Forward-Looking Statements
Disclosures in this news release contain forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expected benefits of the acquisition to Tallgrass and to its existing and future customers; expected access to established markets and supply basins; and the potential for using Ruby as a future vehicle for decarbonized energy solutions. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports and financial statements made available by Tallgrass. Any forward-looking statement applies only as of the date on which such statement is made, and Tallgrass does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
About Tallgrass
Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Learn more at Tallgrass.com.
Tallgrass Media Inquiries
Steven Davidson, 817-988-4284
Tallgrass Investor Inquiries
Andrea Attel, 913-928-6012
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SAN DIEGO--(BUSINESS WIRE)--Today, the national law firm of Baron & Budd announced a $24 million settlement with Pacific Gas and Electric (PG&E) on behalf of ten public entities affected by the historic 2021 Dixie Fire, which caused extensive public and natural resource damages. The Dixie Fire started on July 13, 2021, when PG&E equipment malfunctioned and ignited the fire, burning approximately 963,309 acres in Plumas, Lassen, Butte, Shasta, and Tehama Counties.
“We are honored to represent these ten public entities in their lawsuits and in this $24 million settlement,” said Baron & Budd Shareholder John Fiske. “The public infrastructure and public resource damages recovered should help the affected communities rebuild in the aftermath of one of the largest fires in California’s history.”
The ten settling public entities include Plumas, Lassen, Butte, Shasta, and Tehama Counties, as well as the City of Susanville, Plumas District Hospital, Chester Public Utility District, Honey Lake Valley Recreation Authority, and Herlong Public Utility District.
JAMS Mediators Judge Jay Gandhi (Ret.) and Lexi Myer presided over the mediation between the ten public entities and PG&E.
The public entities’ civil legal damages included public resource damages, staff and labor time, damages to pavement and roads, lost revenue, increased expenses, and other damages caused by the Dixie Fire. The $24 million is allocated among the ten public entities in accordance with their relative damages suffered. Also included in the settlement are funds related to FEMA and Cal OES assistance. PG&E denied liability and reached a settlement to avoid further protracted litigation.
The public entities were represented by John Fiske and Torri Sherlin of Baron & Budd, P.C., and Ed Diab of Dixon, Diab, and Chambers, LLP.
For more information, visit fireattorneys.com or contact John Fiske at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Baron & Budd, P.C.
Baron & Budd, P.C. is among the largest and most accomplished plaintiffs’ law firms in the country. With more than 45 years of experience, Baron & Budd has the expertise and resources to handle complex litigation throughout the United States. As a law firm that takes pride in remaining at the forefront of litigation, Baron & Budd has spearheaded many significant cases for hundreds of entities and thousands of individuals. Since the firm was founded in 1977, Baron & Budd has achieved substantial national acclaim for its work on cutting-edge litigation, trying hundreds of cases to verdict and settling tens of thousands of cases in areas of litigation as diverse and significant as dangerous and highly addictive pharmaceuticals, defective medical devices, asbestos and mesothelioma, California wildfires and environmental contamination, fraudulent banking practices, e-cigarettes, motor vehicles, federal whistleblower cases, and other consumer fraud issues.
Debra Webb
Baron & Budd, P.C.
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RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (collectively with its subsidiaries, the “Company” or “Bowman”) (NASDAQ: BWMN) announced that Cuhaci Peterson™, a nationally-recognized architecture and engineering firm, has teamed with Bowman’s geospatial division to deliver time and cost savings for their clients by utilizing Bowman’s minimally invasive ceiling scanning techniques.
Interior scanning of structures that have ceiling tiles, like grocery stores, presents a challenge for efficiency and accuracy for surveyors. Bowman took on this challenge to develop a new and proven technique that is simple, elegant, accurate, and most of all, repeatable in other environments.
Prior to developing this technique, ground level 3-D scanning in an open interior environment was simple enough. However, tying that information to the scanning data above the ceiling tiles was difficult unless they were all removed, which is inefficient and time consuming. For Bowman’s geospatial team, the key was finding a way to tie the scans vertically throughout the space at different elevations, then mapping them horizontally to develop the entire landscape of the structure. Cuhaci Peterson was specifically looking for a national partner who could provide this type of service, in a timely manner and within their data requirements, for structures that were 60,000-100,000 square feet.
The wealth of data provided by Bowman in just two evenings of scanning, allowed Cuhaci Peterson to streamline the development of recent commercial designs with precise knowledge of both the visible building interior and above ceiling structure of the facility. Bowman’s scanning revealed previously unknown information about the structure that could only have been discovered using this technique.
“When we saw the sophisticated detail that Bowman’s geospatial team could provide, along with the efficiency of their processes, we knew that it would allow us to deliver a real advantage to our clients,” said Bryon McCarthy, Cuhaci Peterson principal. “It is a win whenever we can bring time and cost efficiency into our design process. Bowman has proven to be a solid, and innovative, asset in delivering on this commitment to our clients.”
“Bowman continues to evaluate and refine new scanning capabilities to deliver incredible detail and data accuracy to forward-thinking firms like Cuhaci Peterson,” said Marc Olmeda, PLS, Bowman principal. “Our processes have proven to be exceptionally effective in retail and other difficult to access environments.”
About Bowman Consulting Group Ltd. (Bowman): Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With approximately 1,700 employees in more than 70 offices in the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.
Jennifer Kamienski, 201.519.4536
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F200/F150 Models Gain Integrated Steering, Helm Master® EX Adds New Features
KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Marine kicks off 2023 with new product offerings including an updated XTO Offshore outboard which delivers greater convenience, enhanced technology and 450 horsepower. Featuring the same 5.6-liter of big block displacement and long list of features as the original XTO 425, the updated XTO 450 improves upon the powerful platform that changed the offshore boating game.
“The XTO 450 allows boaters to enjoy the convenience and ease of operation associated with the XTO line – in addition to more torque and power,” said Ben Speciale, President, Yamaha U.S. Marine Business Unit. “In addition, Yamaha’s esteemed F200 and F150 DEC and Mechanical outboards now feature integrated electro-hydraulic steering for the 2.8L DEC models and integrated hydraulic steering for the 2.8L and 2.7L mechanical models. Helm Master EX also gets new features that take boat control to a new level in 2023. In a nutshell, these new products all work to elevate boating experiences for customers.”
New XTO Offshore 450
To help meet the extreme electrical demands of today’s larger boats, the Yamaha XTO Offshore 450 now boasts more charging power, featuring a three-phase, simultaneous charging system that delivers an incredible amount of net amps at low rpm, where it’s needed most.
Using Phase Angle Control (PAC) componentry to create a super-strong magnetic field, XTO Offshore 450 models produce up to 96 net amps per engine in neutral - plenty of power for today’s popular, high-demand devices such as gyro stabilizers, air conditioning and sound systems. The Phase Angle Control charging system on the new XTO Offshore 450 is so powerful, it can even eliminate the need for an on-board generator. The system also prioritizes charging to the starting batteries, keeping them charged and ready for action at all times.
Every XTO Offshore 450 comes equipped with Yamaha’s exclusive TotalTilt® feature for faster, easier engine tilting. When enabled, it allows complete tilt up from any position with a simple double-push of the “UP” trim/tilt button, or full tilt down (until trim ram contact) by the same double push of the “DOWN” trim/tilt button. A warning horn sounds just before and during these operations. Movement and the horn can be stopped anywhere in between by pressing the tilt button again.
New raised chrome graphics on the sides, a re-styled panel in back, a new flush-mounted manual flush connection up front and hidden external wiring near the bracket add to the premium look of this powerful outboard. There’s also an optional built-in propeller light (rather than transom mount) that illuminates when using Helm Master® EX SetPoint® features.
New XTO EC® propellers are now available for applications where propeller ventilation may be an issue due to the power and torque of XTO Offshore outboards. Yamaha also adds a 27-inch pitch to its XTO OS® line of propellers for lighter weight XTO applications that have the available wide-open throttle rpm to potentially drive more top speed.
The new Yamaha XTO Offshore 450 will become available starting in the spring of 2023.
Yamaha F200/F150 Integrated Steering Models
Yamaha’s F200 and F150 DEC and Mechanical outboards now feature a newly designed look and integrated steering. Available in Yamaha’s traditional gray, the modernized F200 and F150 outboards bring new delight to boating.
Integrated Electro-Hydraulic Steering: 2.8-Liter F200/F150 DEC Models
This plug-and-play electro-hydraulic steering system uses less rigging component space. The electric helm employs steer-by-wire technology to engage the under cowling Steering Control Unit and to control the hydraulic pump, tucked neatly into the bracket, outside of the boat. Boats equipped with electro-hydraulic steering models offer smooth, responsive power steering that’s fully compatible with the complete Helm Master EX system, including the Full Maneuverability Joystick package. The compact construction of integrated Electro-Hydraulic Steering also provides more bilge, splash well and transom space than conventional steering systems.
Also new for 2.8-liter F200 and F150 DEC models is the addition of Yamaha’s TotalTilt feature for faster, easier engine tilting (see details above).
Integrated Hydraulic Steering: 2.8-Liter F200 & 2.7-Liter F250 Mechanical Models
Featuring the same new streamlined look as the Electro-Hydraulic Steering models, these outboards combined a conventional hydraulic helm and lines with an integrated hydraulic cylinder. Simple in design yet offering all the space-saving, premium benefits of integrated steering, new 2.8-liter F200 and 2.7-liter F150 mechanical models offer a fresh look and smooth, precise non-powered control.
Available for single and twin outboard applications, the new integrated hydraulic steering system propels one of Yamaha’s most popular outboard families into the next generation of enhanced boating experiences.
The new Yamaha F200/F150 Integrated Steering models will become available starting in the spring of 2023.
Helm Master EX Upgrades
Helm Master EX now includes an improved, space-saving Digital Electronic Control (DEC) design with increased functionality and new trim and lighting options, the availability of integrated bow thruster control, and a new joystick with new functionality and trim and lighting options. With the addition of the recently introduced joystick-only control station, Helm Master EX continues to offer the most premium boating experience.
The new Digital Electronic Control binnacle delivers a new level of boater convenience and console space savings. Now equipped with integral Power and an All Start/Stop switch directly on the unit, this binnacle eliminates the need for separate Power and All Start/Stop switches on the console for both main and second stations. The new Digital Electronic Control grip echoes the soft tech grip used on Yamaha’s popular Helm Master EX joystick. To further enrich the boater experience, customers can also choose between optional black trim or traditional chrome trim to customize the binnacle to taste.
The new joystick is now available with the same optional black trim as the new binnacle, to match a console fitted for the sleek, black look. Boaters also have the ability to customize the look of the console with new joystick trim and nine new LED light color options including: Blue, Sky, Mint, Green, Yellow, Red, Sakura (which means “Cherry Blossom” in Japanese), Purple or White through a simple adjustment in the CL5 or MFDI-equipped MFD.
Yamaha also introduces integrated bow thruster control through the Helm Master EX joystick. When activated, the integrated bow thruster is an on-demand, self-activating feature that works in concert with the Helm Master EX joystick to enhance lateral movement and pivoting by automatically engaging the bow thruster in variable speed to match operator input. The bow thruster automatically compliments SetPoint® functions and helps keep the boat on track when using autopilot functions. Available for twin and triple engine configurations, operators can selectively activate this feature to integrate power and operation of the bow thruster and Helm Master EX system through the joystick. Independent bow thruster control remains possible by simply using the conventional bow thruster controls at any time.
Boaters can now access full maneuverability with Yamaha’s Joystick Station. Accompanied by the CL5 gauge, Emergency Stop switch, All Start/Stop switch and a newly designed harness, the Helm Master EX Joystick Station reaches new heights in functionality using a minimum of space. Boaters now have access to all joystick and SetPoint Full Maneuverability functions from a location away from the main helm, which is helpful when pulling boats into slips, steering on-the-fly while chasing a fish or circling a favorite fishing hole.
The new Yamaha Helm Master EX upgrades will be available in the spring of 2023.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine Engine Systems, based in Kennesaw, Ga., supports its 2,000 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception. Visit www.yamahaoutboards.com.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2023 Yamaha Motor Corporation, U.S.A. All rights reserved.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
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SolarEdge battery cells are manufactured at Sella 2, the Company’s new battery cell manufacturing facility in South Korea
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that its Energy Storage division has begun shipping new battery cells designed for stationary Energy Storage applications.
The new line of Nickel Manganese Cobalt (NMC) pouch cells, manufactured at Sella 2, the Company’s new battery cell manufacturing facility in South Korea, has been optimized for energy storage applications for the residential, commercial and utility scale segments. The cells support high cycle life (up to 8000 cycles), high energy density, high-power throughput and a wide temperature range without compromising operational life, enabling SolarEdge to provide battery solutions that support a broad range of use cases, including demanding grid-stability applications.
Ronen Faier, SolarEdge Chief Financial Officer and General Manager of SolarEdge Energy Storage division, commented: “The global stationary storage market is estimated to grow from approximately 45GWh in 2022 to 164GWh by 2030 and SolarEdge is focused on supporting this critical segment. Owning key processes and cell chemistries will allow us to further secure the resilience of our supply chain and provides us with the flexibility to produce cells optimized for various energy storage solutions.”
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. Visit us at: solaredge.com
Press Contact
SolarEdge Technologies, Inc.
Lily Salkin Global Public and Media Relations Manager
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+972-522028240
SolarEdge Technologies, Inc.
Dana Noyman Head of Corporate Communications and Global PR
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+972 54 999 8809
MOUNT AIRY, N.C.--(BUSINESS WIRE)--Pike Corporation, a leading provider of turnkey infrastructure solutions for electric and gas utilities, as well as telecommunications companies, today announced the promotion of Kevin Boatright to Region Vice President of Pike Electric’s Southern Division and Edward “Ed” Scott to Region Vice President of Pike Electric’s Western Division to support the company’s outstanding growth.
The promotions of Mr. Boatright and Mr. Scott come amid robust growth in demand for infrastructure engineering and construction services across Pike’s nationwide footprint.
Mr. Boatright joined Pike in 1995 out of high school as a groundman. Since then, he has held a variety of positions across the company.
“I am deeply proud of Kevin for his promotion,” said Matt Fisher, Senior Vice President of Pike Electric – Southern Division. “Kevin’s decades-long tenure and immeasurable contributions to Pike are a testament to his dedication to the company and the important work he does for our customers. We are delighted to recognize his commitment, growth and leadership capabilities, and look forward to his future contributions.”
Mr. Scott joined the company in early 2021 as a Vice President of Operations. Prior to joining Pike, Mr. Scott held various high-level positions at CenterPoint Energy.
“Ed brings extensive experience and expertise in operations at a time when our nation’s electric infrastructure is undergoing massive growth and change,” said Will Pike, Senior Vice President of Pike Electric – Western Division. “We congratulate Ed for his well-deserved promotion, and we welcome his leadership as we continue to expand our operations across the western region.”
About Pike Corporation
Founded in 1945, Pike Corporation is the nation’s leading provider of infrastructure engineering and construction services. Pike’s portfolio of expertise provides end-to-end infrastructure coverage, including electric distribution, transmission and substation; renewables and distributed energy resources; telecommunications and gas distribution services. In the rapidly evolving and increasingly connected world that we live in, Pike’s ability to plan, design and install infrastructure upgrades within a single enterprise ensures that our customers get the most up-to-date solutions delivered in the most effective way possible. Not only does our approach and field expertise maximize project efficiency, but it also leads to the industry’s highest-quality work. We have maintained long-standing, trusted customer relationships with over 400 investor-owned, municipal and cooperative utilities and infrastructure providers throughout the United States.
Media
Mei Shibata
1 (646) 483-0693
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CHICAGO--(BUSINESS WIRE)--A wide variety of municipal, business, community and labor leaders from across northern Illinois and beyond today released statements about ComEd’s multi-year grid and rate plans that advance the region’s economic, climate and equity goals.
Neil C. James
Executive Director of Metropolitan Mayors Caucus
"We are encouraged that ComEd's plans will build greater resilience, improve the capacity to transition to clean energy and adapt to climate change impacts. We are pleased to support ComEd's multi-year grid plan."
Joe Duffy
Executive director of labor coalition Climate Jobs Illinois
“Illinois leads the nation in moving to a clean energy economy built by union labor. ComEd's Grid Plan represents an important first step towards the clean jobs future.”
Jack Lavin
President and CEO of the Chicagoland Chamber of Commerce
“"As businesses continue to increase their electrification needs, an affordable, reliable, and clean grid has never been more critical. ComEd’s continued investments in a more sustainable system will keep Illinois competitive by providing a modernized grid that can attract businesses to our state and contribute to their performance.”
Michael P. Dunn, Jr
Executive Director of Region 1 Planning Council (R1)
“A modern and resilient grid is a top infrastructure priority for our region and our industry clusters. Industry and residents will further expect our region's future economic competitive advantage as we compete for tomorrow's industry. We are encouraged by and support ComEd's multi-year grid plan as aligned with our own future planning and policies."
Nancy E. Norton
President & CEO of Grundy Economic Development Council
"The GEDC is supportive of ComEd’s commitment to a modern, resilient, and flexible grid. As ComEd pursues these goals, affordability must be a key pillar in their plan."
Greg Bedalov
President & CEO of Choose DuPage
"Reliable, affordable electrical infrastructure and delivery is one of the assets that helps to define our economic advantage, and efforts to strengthen this advantage should be a priority. We support ComEd's grid plan, which includes cost-effective initiatives that will address climate change, grow our economy, advance equity and strengthen our local infrastructure."
Doug Pryor
President & CEO of Will County Center for Economic Development
“Will County CED supports the initiatives in ComEd's proposed grid plan, which seeks to affordably enhance grid resiliency and reliability while enabling renewable energy resources and beneficial electrification. We believe this will better economic outcomes for Will County and will positively impact development in Illinois."
Erich Sanchack
COO of Digital Realty
“Chicago, and in particular Northern Illinois and Franklin Park are critical to Digital Realty, our customer’s businesses, and an important part of the overall global digital infrastructure. Our continued partnership with ComEd and the work they are doing with the grid plan will ensures that not only do our data center facilities deliver on the needs of our global customers, but continue to drive regional economic benefits, and investment in clean energy technologies and continued strong reliability performance.”
Joshua Davis
President of the Will Group
"Over the past 10 years, we have partnered with ComEd on various projects that have transformed communities like the K-Town Business Center in North Lawndale. ComEd's proposed grid plan is a community investment that aligns with our partnership's foundational shared quality of being transformative in the communities in which we operate, and we fully support it."
Joann P. Ornelas-Bauer
Chief Executive Officer of Dynamic Utility Solutions
"ComEd has been a great supporter and partner for the growth of diverse suppliers like ours. We fully support this multi-year plan, which will continue to create jobs and fuel economic opportunity across northern Illinois."
Trisha Knych
VP of Marketing, Corporate Communication & Government Relations of S&C Electric Company
"While we have supplied ComEd with equipment to support their foundational smart grid, preparing for the grid of the future requires additional work that must happen now. When threats arise to our energy system, ComEd is the first responder, and we support ComEd's grid plan for the future."
George A. Williams
Chairman & CEO of PMI Energy Solutions, LLC
"Since our founding in 2012, ComEd has played a key role in opening growth opportunities for our firm and has demonstrated their ability to develop a smarter and more resilient grid to benefit all parties. As a minority-owned company, we stand behind ComEd's plans to prepare the grid for an ever-changing future that will benefit all communities."
Paula Robinson
Managing Member, Bronzeville Partners LLC
"While our collective objective is to ensure that the community and customers receive reliable and affordable service, greater neighborhood stability occurs when we leverage our collective experiences and expertise and create new jobs and new enterprise around these growth industries. This grid plan outlines this type of community collaboration, and BCDP supports ComEd’s grid plan that seeks to create long-lasting jobs and long-term prosperity."
Cohen Barnes
Mayor of the City of DeKalb
“The importance of ComEd continuing to build out capacity for the next datacenter in DeKalb is critical to the success of our continued economic growth. Without adequate infrastructure and a proactive approach to building out capacity, our economic growth will be stifled, and we are thankful ComEd continues to work with the City of DeKalb to anticipate the needs to come.”
Jodi Miller
Mayor of the City of Freeport
"As ComEd is preparing to address calls for a stronger and more intelligent grid to support the ever-growing growth in the renewable energy sector, I understand and support the need for future investment in ComEd's multi-year grid plan. We applaud ComEd's preparation to transform the operations and functionality in the current grid."
Mark W. Szula
President of the Village of Roscoe
"New and expanded clean energy requirements - as well as the increasing demand from expanding the electric vehicle market - require a continued to commitment to growth and improvement. The Village of Roscoe supports the initiatives advanced in ComEd's multi-year grid plan and appreciates the benefits that will come through improved system resiliency and reliability."
Billy McKinney
Mayor of the City of Zion
"We applaud ComEd's focus on equity as a key pillar of the grid plan, in particular focusing on investments and system performance improvements that benefit designated environmental justice communities like Zion."
Danny D. Langloss, Jr.
Dixon City Manager
"ComEd has been highly responsive and provided assistance around the areas of economic development and restoring the power grid to critical facilities and our entire community following extreme weather events, and we support their multi-year grid plan that will enable Dixon's planned commercial, industrial and residential development."
Matthew Deal
Manager, Utility Policy at ChargePoint
“EV adoption has grown significantly throughout the country, and specifically in Illinois, in recent years, and we expect this trend to accelerate in the near term. ComEd’s proposed Grid Plan establishes a strong foundation to support the State’s goal for one million EVs on Illinois roads by 2030.”
John Kenning
CEO First Student
“First Student provides unmatched care and the safest ride to school so when students arrive, they start and end their day with an exceptional experience. We continually seek better ways to do things with innovation and sustainable practices like supporting our districts that are upgrading their fleets with electric buses. We value the investment ComEd is making to support a broad and equitable transition to clean transportation, realizing the benefits to the environment and health of our customers. We understand the importance of V2X technology and the need to continue efforts to upgrade infrastructure. When utilities, manufacturers and providers work together, it’s a win for everyone and the planet.”
Haj Young
Managing Director, Illinois Energy Consortium, Powered by the Future Green Energy Consortium
“IEC Powered by Future Green is focused on helping all schools gain access to electric school buses and clean energy resources. A modern, flexible grid is imperative for schools to reach their clean energy goals.”
Phil Jones
Executive Director, Alliance for Transportation Electrification
“It is now time to spend the necessary time and resources to invest in grid upgrades in order to meet the pressing challenges of enabling transportation electrification infrastructure, promoting zero or low-carbon energy generation, and allowing customers and communities more choices working with the utility. The ComEd grid plan is based on good planning, solid data, and years of experience, but pivots to the future. The plan should enable the utility and its customers to meet the urgent needs of reducing carbon emissions and air pollution through electric transportation, as well as advance other electrification uses in homes and buildings as we decarbonize.”
Daniel Bloom
Public Affairs Manager for FLO EV Charging
"Creating a resilient, flexible electric grid that can accommodate the pace and growth of electrification, along with thousands of public EV chargers funded by these various programs will be critical, especially if the state is to reach Governor Pritzker’s goal of one million EVs on Illinois roads by 2030. FLO is pleased to support ComEd's efforts to create a more intelligent, resilient electric grid across northern Illinois to accelerate the state's transition to an electrified transportation future."
Nate Baguio
Senior Vice President of Commercial Development at Lion Electric
“As the demand for electric vehicles, including all electric, zero-emission school buses grows, it is critical to establish partnerships between elected officials, industry leaders, school districts, and leading utility companies to push toward vehicle-to-grid (V2G) technology standards and implementation. We are confident that ComEd’s plan presents a step in the right the direction for a clean energy, zero-emission future that addresses the needs and demands of all communities.”
Daniel Anello
CEO Kids First Chicago
“K1C believes that disrupting a status quo that has left over 200,000 Chicago households without high-speed internet is an essential public policy goal. K1C was pleased to see that ComEd’s proposed grid modernization plan envisions a smart, interconnected grid with a strong fiber backbone that can be used to support state-and-local efforts to help bridge the digital divide.”
Dwayne Douglas
CEO of the QUILT Corp NFP
"ComEd's grid improvements provide a once in a lifetime opportunity for digital equity and inclusion and make a dramatic impact on bridging the digital divide within our communities. These improvements will provide improved networks that drive economic growth and stimulate a new generation of innovations addressing critical needs like digital literacy, workforce development, health care, education and community empowerment. We stand in support of ComEd's grid expansion efforts."
Corey Perry
Director of Government Relations, PCs for People
“The issue of digital equity is an ever important one and we here at PCs for People work daily to develop and deploy initiatives that can help close the digital gap. When we consider endeavors like upgrades of Illinois Century Network, the state's existing 2,000-mile open access institutional fiber network serving marginalized communities across the state, it is critical to have entities such as ComEd be key contributor in tackling issues such as access and the digital divide as a whole. PCs for People is in full support for much needed expansions of affordable broadband and prioritization of digital equity and is encouraged to see ComEd seeking to increase the work being done towards closing the digital divide. PCs for People is glad to have our voice heard as we champion positive progress for digital equity and are glad to see our friends and support the endeavor of our friends at ComEd.”
Amin Khodaei, Ph.D.
Professor at the University of Denver
"My team at the University of Denver has collaborated extensively with ComEd over the past ten years on two innovative and nationally important projects that have helped the company gain a system-level perspective on grid capabilities and shortcomings in hosting a growing penetration of distributed energy resources like solar and wind. At a time that the electric grid is experiencing an unprecedented transformation to address the increasing challenges of climate change, distributed generation and growing customer expectations, ComEd took a proactive approach to embrace innovative technologies, tap into academic expertise through close collaboration, stay ahead of the curve and become a successful model for many other utilities to learn from and follow. ComEd has a forward-thinking vision in leveraging innovative technologies to support its customers, a vision that is required to address the complexities of the ever-more evolving grid, and we strongly support their mission and vision as a pioneering electric utility."
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
HOUSTON--(BUSINESS WIRE)--Eleox LLC (“Eleox”), a consortium of leading global energy companies, is pleased to announce the addition of Vincent Annunziata and Robert Palatnick to its newly-formed Advisory Board. Vinnie and Rob join the Eleox team as it prepares to launch its distributed ledger technology (“DLT”) software solutions for physical natural gas post-trade processes.
“The significant breadth of experience in digital transformation and DLT innovation both Rob and Vinnie bring to Eleox will be key to our product development and deployment in 2023,” said Eleox CEO, Matthew Almy.
Rob is the Global Head of Technology Research and Innovation at The Depository Trust & Clearing Corporation (“DTCC”), the premier post-trade market infrastructure for the global financial services industry. In 2021, DTCC’s subsidiaries processed securities transactions valued at nearly $2.4 quadrillion. Its depository provides custody and asset servicing for securities valued at $87.1 trillion. During his nearly 30-year career in senior technology leadership roles for DTCC, Rob spearheaded many technology innovation initiatives, including cloud, automation, big data analytics, and DLT. Additionally, Rob helped found and continues to be involved with Hyperledger Foundation, where he serves as a Governing Board member.
Vinnie is an accomplished energy industry executive with a proven keen vision for innovation and digital transformation. He holds numerous patents and industry awards while founding three firms, each with successful exits over the past two decades. His most recent company was sold to Xpansiv, the leading market-infrastructure platform for environmental commodities. His prior technology firm, TradeCapture OTC, was sold to the Intercontinental Exchange where his signature product, Tap and Trade, was rebranded ICE Mobile. Vinnie has been named “Entrepreneur of the Year” by Ernst & Young and “Top 50 People in Energy” by Energy Risk Magazine for his pioneering work in ETRM technology, electronic trading, and risk management.
Eleox is a joint venture established by bp, Castleton Commodities International (CCI), Koch Energy Services, Macquarie, Mercuria Energy America, and Shell Energy North America (US), L.P. for the purpose of designing and building a DLT platform to solve operational inefficiencies in natural gas post-trade processes.
To learn more, visit Eleox.com.
Matthew Almy, CEO
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HOUSTON--(BUSINESS WIRE)--USD Clean Fuels LLC (USDCF) announced its intention to build a new biofuels terminal in National City, CA that will have the capability to transload renewable diesel, biodiesel, ethanol and sustainable aviation fuel (SAF). The terminal will be served by the BNSF Railway and will provide efficient transportation of clean fuels to the area from the Midwest and US Gulf Coast. Pending receipt of all local and state permits, the terminal is expected to be operational by early 2024.
The terminal development is supported by two investment-grade rated parties that signed long-term Terminal Service Agreements. The Terminal Services Agreements provide for the inbound shipment of renewable diesel, biodiesel, ethanol and SAF on rail, self-switching of the rail rack and four truck loading spots that are equipped with in-line injection capabilities to provide quality finished products to customers.
“We are excited to announce this terminal development for USDCF. It is the second terminal of a growing network of clean fuels terminals that we anticipate will ultimately include California, Oregon, Washington, Canada and the Texas Gulf Coast based on strong customer and railroad interest. These terminals will provide needed infrastructure that will make the downstream logistics of biofuel production and feedstocks more efficient,” said Bob Copher, Senior Vice President of USD Clean Fuels.
With mounting political and public pressure to reduce reliance on fossil fuels, reduce and re-use waste streams, and cut greenhouse gas emissions, clean fuels are becoming popular alternatives that comply with California’s goal of reducing greenhouse gas emissions throughout the state by 2030. In addition to supporting climate change mitigation efforts through the increased distribution of cleaner, renewable energy, the National City terminal will serve several underserved areas in San Diego County using local and regional employees and resources.
As previously announced, USD Clean Fuels LLC is an entity formed by USD Group LLC to focus on providing production and logistics solutions to the growing market for clean energy transportation fuels.
About USD Group LLC
USD Group LLC (USDG), which owns the general partner of USD Partners LP (USDP), is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USDG solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USDG, along with its partner Gibson Energy, Inc., is pursuing long-term solutions to transport heavier grades of crude oil produced in Western Canada through its Diluent Recovery Unit adjacent to USDP’s Hardisty rail terminal. USDG is also currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to expectations regarding the development and permitting timeline and operational date for USDCF’s new biofuels terminal in National City, Ca, the ultimate size and scope of USDCF’s clean fuels terminal network, the ability of the new National City terminal to comply with California’s goal of reducing greenhouse gas emissions, USDCF’s ability to successfully engage regional economic development groups to support the National City terminal’s personnel needs, and USDG’s ability to develop future additional projects and expansion opportunities. Words and phrases such as “plans,” “expects,” “will,” “would,” “believes,” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management’s expectations, estimates and projections about the Partnership, its interests and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include construction and cost-related risks; risks associated with constructing and operating a terminals; changes in general economic conditions; the effects of competition, in particular, by pipelines and other terminalling facilities; the supply of, and demand for, rail terminalling services for biofuels, crude oil and refined products; hazards and operating risks that may not be covered fully by insurance; disruptions due to equipment interruption or failure at the Hardisty terminal or third-party facilities on which our business is dependent; natural disasters, weather-related delays, casualty losses and other matters beyond our control; and changes in laws or regulations to which we are subject, including compliance with environmental and operational safety regulations, that may increase our costs. USDG and USDCF are under no obligation (and expressly disclaim any such obligation) to update or alter the forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law.
Commercial Contact:
Robert Copher, (316) 305-6949
Senior Vice President, USD Clean Fuels
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Investor Relations Contact:
Adam Altsuler, (281) 291-3995
Executive Vice President, Chief Financial Officer
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DUBLIN--(BUSINESS WIRE)--The "Transparent Solar Panels Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028" report has been added to ResearchAndMarkets.com's offering.
The report on the global transparent solar panels market provides qualitative and quantitative analysis for the period from 2020 to 2028.
The report predicts the global transparent solar panels market to grow with a significant CAGR over the forecast period from 2022-2028. The study on the transparent solar panels market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2020 to 2028.
The report on the transparent solar panels market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global transparent solar panels market over the period of 2020 to 2028. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market, and opportunities for the new entrants in the global transparent solar panels market over the period of 2020 to 2028.
Further, IGR- Growth Matrix gave in the report brings insight into the investment areas that existing or new market players can consider.
What does this Report Deliver?
Report Findings
Drivers
Restraints
Opportunities
Company Profiles
Segments Covered
The global transparent solar panels market is segmented on the basis of type, panel type, and applications.
The Global Transparent Solar Panels Market by Type
The Global Transparent Solar Panels Market by Panel Type
The Global Transparent Solar Panels Market by Applications
For more information about this report visit https://www.researchandmarkets.com/r/kpc7gk
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, has been named as a Global Parity Alliance Diversity, Equity and Inclusion (DEI) Lighthouse for its Global Pay Equity (GPE) initiative, by the World Economic Forum’s (WEF) Centre for the New Economy and Society.
This award recognizes Schneider Electric’s efforts to promote inclusion and care by advancing pay equity across all its offices. Schneider Electric’s Global Pay Equity initiative began in 2014 with pilots in 12 countries. Since then, it has been implemented in over 100 countries, reaching 99.6 per cent of the company’s total workforce by the end of 2020.
“It’s an honor to be recognized for our ongoing commitment to gender equity. We believe that an inclusive and caring company culture is key for creating a sustainable future. We want to bring a long-term positive impact for our people, our company, and our planet – and that can only be achieved by providing equitable opportunities to everyone, everywhere. We’ve gained a lot of momentum and progress over the years in this area, and we’re determined to continue hardwiring equity and inclusion in all stages of our employees’ experience.” said Charise Le, Schneider Electric’s Chief Human Resources Officer.
Established by the WEF in collaboration with McKinsey & Company, the Global Parity Alliance is a global, cross-industry group of organizations that is working to drive better and faster DEI outcomes by identifying initiatives with proven impact, sharing insights that have been key to their success, and elevating DEI action to CEO level.
Schneider Electric’s Global Pay Equity initiative has enabled year-over-year improvements in the female pay gap, through:
Schneider Electric has since expanded its GPE program, setting itself the goal to attain and maintain a pay gap of <1 per cent for all employees, and to achieve a 50:40:30 gender balance (i.e., women should represent 50 per cent of all new hires, 40 per cent of all frontline managers, and 30 per cent of senior leadership) by 2025. The company will also look to implement a pay equity simulator tool to provide broader visibility into pay gap data, to help managers, HR business partners and recruiters make fair offers to potential candidates.
Related resources:
About Schneider Electric
Schneider Electric is an #ImpactCompany that provides energy and automation digital solutions to drive efficiency and sustainability for all. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for homes, buildings, data centers, infrastructure and industries. We make process and energy safe and reliable, open and connected, and efficient and sustainable. www.se.com/ca
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Media Contact:
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--President His Highness Sheikh Mohamed bin Zayed, President of the UAE, presented awards to the 10 winners of the 2023 Zayed Sustainability Prize today.
The Prize’s Awards Ceremony coincided with the beginning of the 2023 Abu Dhabi Sustainability Week (ADSW).
The ceremony was also attended by H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court; H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Ministry of Presidential Court; Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence; along with a number of Sheikhs and senior officials.
Also, present were various heads of state, ministers, and other senior-level dignitaries from the UAE and abroad, in addition to past winners, and the 2023 finalists.
His Highness Sheikh Mohamed bin Zayed congratulated winners across the five categories, reasserting the Prize’s role as a global catalyst for sustainability and humanitarian action.
In his remarks on the Awards Ceremony, His Highness Sheikh Mohamed bin Zayed, said: “The UAE continues to lead on important global initiatives at the heart of our mission to create a better future for all, both within the UAE and beyond our nation’s borders. The bold ambition of the Zayed Sustainability Prize remains at the forefront of these efforts. It creates a pathway for delivering life-changing humanitarian aid and solutions to communities around the world.”
Sheikh Mohamed bin Zayed Al Nahyan underscored how this year, which marks 15 years of the Prize, will also be a historic year for the UAE as it prepares to host the 28th session of the Conference of Parties (COP 28) to the UNFCCC (United Nations Framework Convention on Climate Change). Against this backdrop, this year’s awards serve as an important reminder of the need for greater international collaboration to mobilise climate action and create sustainable economic and social development opportunities across all nations, including the global south.
His Highness continued: “Over the last 15 years, the Zayed Sustainability Prize has successfully built upon the legacy of the UAE’s Founding Father, Sheikh Zayed, and carried forward his bold humanitarian vision, ensuring that the resources of our great nation are fully used to the benefit of all people. Today, the Zayed Sustainability Prize stands an internationally recognised award that mobilises innovators, social entrepreneurs and young people to accelerate positive change for our planet and all people.”
The US$3 million Prize is the UAE’s pioneering global award in sustainability that recognises and rewards small and medium-sized enterprises, nonprofit organisations and high schools around the world that are delivering impactful, innovative and inspiring solutions in health, food, energy and water.
Through its 96 former winners, the Prize has transformed the lives of more than 378 million people around the world since 2008, including in Vietnam, Nepal, Sudan, Ethiopia, Maldives and Tuvalu. In the Health, Food, Energy, and Water categories, each winner receives US$600,000, while the Global High Schools category has six winners, representing six world regions, with each winner receiving up to US$100,000.
His Highness also emphasised the need to develop bright young people into the critical thinkers and sustainability leaders of tomorrow, and praised the Prize’s Global High Schools category, which empowers youth to play an active role in supporting their communities’ socio-economic development.
In the Health category, Brazil’s Associação Expedicionários da Saúde (EDS) was awarded the Prize for its Mobile Hospital Complex, which provides specialised medical and surgical care for indigenous communities geographically isolated within the Amazon. The objective of the Mobile Hospital Complex is to reach the most difficult areas in the Amazon, guaranteeing the safety and comfort of patients and excellence in the quality of services provided. Over the course of six expeditions from 2015 - 2022, the nonprofit organisation performed more than 1,900 surgeries that improved health outcomes, including improved vision after cataract surgery.
Ÿnsect from France was the Food category winner for its important work in insect-based protein and natural fertilisers. The SME produces insect protein and natural insect fertilisers at Europe’s first-of-its-kind insect factory equipped with innovative vertical farming and integrated biorefining setup. Ÿnsect processes two insect species (molitor and buffalo mealworms) into high-end, high-value ingredients for the entire food chain—plants, fish, farmed animals, pets, and humans. Ÿnsect is currently building a new factory in France and operates two other sites in France and the Netherlands. By 2025, Ÿnsect will be able to produce more than 1,500 tonnes of protein per month.
In the past five years, Ÿnsect has improved the lives of 30 million people by delivering sustainable, natural, premium nutrition products for fish farming (as an alternative fish feed to meet aquaculture’s food supply needs) and human nutrition. The demo plant currently operated by the company produces 30 tonnes of protein production per month.
In the Energy category, the Jordan-based NeuroTech developed Al-based algorithms with a blockchain-based transaction system to bring reliable energy access to refugee camps. The SME employs the concept of energy sharing by separating electrical loads into low- and high-priority streams. Thus, beneficiaries are guaranteed to receive their lifesaving energy, and extra energy goes to low-priority feeders, according to energy availability. Sophisticated energy management and control reduces electricity stress and increases consumer awareness about electricity.
During its pilot phase, NeuroTech helped deliver electrical power to more than 10,000 Syrian refugees in Azraq. By optimising energy usage and distribution, NeuroTech has helped reduce the pressure on the camp’s main hospital respiratory section by making electricity available 24/7. Patients now can use a personal nebulizer, a medical device used during the COVID-19 pandemic, and for people with a chronic breathing illness.
LEDARS (Local Environment Development and Agricultural Research Society), an NPO from Bangladesh, secured the Water category win for its integrated water resource management model that solves water scarcity issues in disaster-prone areas. Their combination of technologies help transforms communities in Bangladesh so people can have access to safe drinking water and climate smart livelihoods.
With the support of LEDARS, 5,250 bio-sands-filters, 65 pond-sand-filters, 185 rainwater harvesting systems, and 69 protective ponds were installed in communities in Bangladesh, supporting cultivation of paddies and vegetables throughout the year on lands that were previously barren. LEDARS initiatives created access to safe drinking water for at least 15,881 families. As a result of this solution, more than 12 million gallons of water have been saved.
The Chair of the Jury and former President of the Republic of Iceland, Ólafur Ragnar Grímsson, said: “This year’s winners have demonstrated a new level of creativity and ambition in their solutions to tackle pressing global challenges. We are confident that these winners will provide meaningful and scalable impact in communities across the world, and in turn accelerate important climate action goals to help secure a sustainable future for all.”
H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director General of the Zayed Sustainability Prize, said: “Since our nation’s wise leadership established the Zayed Sustainability Prize 15 years ago, the Prize has become a key supporter of the UAE's vision to drive inclusive climate action and international sustainable development. By providing real-world solutions in sustainability to vulnerable communities around the world, the Prize honours Sheikh Zayed’s contribution towards social good, and elevates humanity on a global scale.
“Our 106 winners are driving action to solve the world’s most pressing challenges. Through their commitment to championing positive action, millions of people who were living without access to energy, water, healthcare, or food in the developing world, now have sustainable economic and social development opportunities, including access to quality education, decent work, economic growth and improved livelihoods.”
H.E. Al Jaber added: “As the UAE prepares to host COP28 later this year, the Zayed Sustainability Prize stands as a critical reminder of the UAE’s commitment to accelerating practical solutions needed to help societies mitigate and adapt to climate change.”
Since 2013, the Prize has awarded 46 high schools under its Global High Schools category from countries around the world. Students at these schools won for their self-led project proposals that have since been implemented by the youth. Collectively, they have generated 7.2 million kWh of electricity, saved 5,700 tons of CO2 and positively impacted 427,408 people in their communities.
The recipients of the 2023 Global High School awards are Fundacion Bios Terrae - ICAM Ubate (Colombia), representing The Americas; Romain-Rolland-Gymnasium (Germany), representing Europe & Central Asia; Gifted Students School (Iraq), representing the Middle East & North Africa region; UWC East Africa - Arusha Campus (Tanzania), representing Sub-Saharan Africa; Dhaka Residential Model College (Bangladesh), representing South Asia, and finally, Kamil Muslim College (Fiji) from the East Asia & Pacific region.
The winners were selected from a pool 4,538 – a record number of submissions – chosen by a panel of more than 40 experts. The Jury members include H.E. Olafur Ragnar Grimsson, Former President of the Republic of Iceland, UAE ministers, Sir Richard Branson, Founder of Virgin Group, Dr. Andreas Jacobs, Chairman of INSEAD, Jacobs Family Council, among others.
*Source: AETOSWire
Reem Diab
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CHICAGO--(BUSINESS WIRE)--ComEd today filed with the Illinois Commerce Commission (ICC) multi-year grid and rate plans (“the plans”) that will strengthen the region’s infrastructure and economy and increase access to the benefits of clean energy and decarbonization under the state’s Climate and Equitable Jobs Act (CEJA). The plans also ensure that the electric grid remains reliable and resilient for the 9 million people ComEd serves in northern Illinois as severe weather events become more common due to climate change.
“ComEd has a critical role in ensuring the transition to cleaner energy is reliable and equitable for all,” said ComEd CEO Gil Quiniones. “These proposed investments are necessary to deliver the resilient 24/7 power our customers depend on, prepare the grid for fleets of electric vehicles and electrification, integrate more clean energy and battery storage, and equitably advance a decarbonized energy future. In addition to supporting the goals of CEJA, the plans will create good-paying local jobs and drive investment to help ensure all communities – especially those that are under-resourced – benefit from the clean energy transition.”
The grid plan reflects input provided in 15 ICC-led workshops, which involved hundreds of participants and dozens of presentations on energy issues and community and stakeholder priorities. Following an 11-month open process in which the ICC, other public agencies, and consumer, environmental and other groups will review the plan and costs, the ICC will issue a decision in December 2023. State regulators must find all costs prudent and reasonable before including them in rates.
Multi-Year Plan Advantages
ComEd’s rate plan sets base rates and revenue requirements for four years, which provides greater predictability for customers while funding investments that are required to deliver at least 40 percent of benefits to equity investment-eligible communities. The plans align with ComEd 2030, the company’s recently announced vision for a carbon-free energy future that will benefit all communities and meet customers’ changing needs for the rest of this decade and beyond.
Each investment that ComEd plans helps ensure the safety, resiliency and security of the grid while meeting the demands of climate change, decarbonization and electrification, evolving customer needs, and increasing cyber and physical security threats – all with a focus on equity and affordability. Key areas of investment include:
Bills Among Lowest in Nation; Record-Breaking Reliability
ComEd’s average total monthly customer bill of $93 is among the lowest in the nation today, and its residential customers’ bills are approximately 20 percent lower than the average in the 10 largest U.S. metropolitan areas. ComEd’s plans would result in an increase of about $4.25 in the average monthly residential bill annually from 2024 through 2027, for a total impact of $17 by 2027. At ComEd’s requested rate for 2027, the average residential bill would be less than even the average 2021 residential utility bill in more than half of U.S. states. The plans include an increase in annual delivery costs of $1.47 billion spread out over four years. The company is seeking ICC approval to defer 35 percent of the 2024 increase until 2026 to smooth the transition for ComEd customers.
Maintaining a highly reliable grid with fewer and shorter power outages will continue to create savings for customers. ComEd’s reliability is among the best of all large U.S. electric companies and was better in 2022 than in any prior year on record. Since ComEd started smart grid improvements in 2012, it has improved overall reliability by more than 80 percent, helping customers avoid more than 19 million outages and save more than $3.3 billion in outage-related costs. As extreme weather events, electrification and other ComEd customer needs increase, the need to invest in the reliability of the system grows.
“We are encouraged that ComEd's plans will build greater resilience, improve the capacity to transition to clean energy and adapt to climate change impacts. We are pleased to support ComEd's multi-year grid plan," Neil C. James, Executive Director of Metropolitan Mayors Caucus.
Expansion of Renewables and Beneficial Electrification
ComEd estimates that solar power on its grid, including rooftop and community solar systems, will grow more than five times from almost 500 megawatts (MWs) today to 2,700 MWs by 2030. In 2022, ComEd received a record-setting 19,292 applications from residential, commercial and industrial customers to connect solar panels and other distributed energy resources to ComEd’s grid, a 74 percent increase from the prior year. Sustaining this growth and preparing to serve more electric vehicles, buildings and industries while maintaining grid safety and reliability for ComEd customers will require physical and digital infrastructure upgrades.
“EV adoption has grown significantly throughout the country, and specifically in Illinois, in recent years, and we expect this trend to accelerate in the near term,” said Matthew Deal, manager of utility policy at ChargePoint, the largest online network of independently owned EV charging stations. “ComEd’s proposed Grid Plan establishes a strong foundation to support the State’s goal for one million EVs on Illinois roads by 2030.”
Multi-Year Plans Support Jobs, Drive Economic Development
ComEd’s plan will support job creation as renewable energy rapidly expands and various sectors decarbonize. National economic and workforce applied research firm BW Research recently released a first-of-its-kind study that found that the state’s larger transition to clean energy could create a net increase of more than 41,000 jobs by 2030 and 150,000 jobs by 2050 in Illinois.
“Illinois leads the nation in moving to a clean energy economy built by union labor,” said Joe Duffy, executive director of labor coalition Climate Jobs Illinois. “ComEd's Grid Plan represents an important first step towards the clean jobs future.”
In addition, the grid plan advances ComEd’s leading role in supporting economic growth across northern Illinois. Companies continue to invest in the region thanks to the unparalleled access to clean, cost-effective and highly reliable power. As one key example, in the last two years, ComEd has brought 28 commercial projects online, including 12 data centers, representing 6,800 jobs and more than $3 billion in local investment.
“As businesses continue to increase their electrification needs, an affordable, reliable, and clean grid has never been more critical,” said Jack Lavin, President and CEO of the Chicagoland Chamber of Commerce. “ComEd’s continued investments in a more sustainable system will keep Illinois competitive by providing a modernized grid that can attract businesses to our state and contribute to their performance.”
Performance Metrics Drive Accountability in Achieving Targets and Equity
ComEd’s plan is subject to ICC-approved performance metrics that set targets for grid performance and equity. They measure: continued improvement in reliability of the overall grid and greater resilience in environmental justice communities; reduction of peak electric demand on the grid; reduction of residential customer disconnections; reduction of the time it takes to connect distributed energy resources; and enhancement of service through the resolution of customer issues.
Metrics include ComEd’s spend with diverse suppliers and its impact on the economy. In 2021, ComEd spent $893 million – 42 percent of its total spend – with minority-owned, women-owned, and veteran-owned companies, up from $253 million in 2012. ComEd works with more than 660 diversity-certified suppliers, including The Will Group, a contract manufacturing company.
“Over the past 10 years, we have partnered with ComEd on various projects that have transformed communities like the K-Town Business Center in North Lawndale,” said Joshua Davis, president of The Will Group. “ComEd's proposed grid plan is a community investment that aligns with our partnership's foundational shared quality of being transformative in the communities in which we operate, and we fully support it.”
To continue to support customers who are working to make ends meet, ComEd recently added three new customer-assistance programs to its existing offerings to help income-eligible families and individuals access assistance options and manage their electric bills.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
Innovative project is a significant milestone in acceleration of hydrogen technology development in India
DELHI, India--(BUSINESS WIRE)--Fluitron LLC, an established developer and manufacturer of industrial-grade gas compression systems, has successfully completed the manufacturing, testing, installation and PESO (Petroleum and Explosives Safety Organization) approval for the first domestically-built hydrogen dispenser in India. This project and its successful introduction is a significant milestone in acceleration of hydrogen technology development in India.
This dispenser, which is capable of filling tanks at 350 bar pressure, features two nozzles for light and heavy-duty vehicles and a third nozzle for the future addition of 700 bar hydrogen dispensing. It also integrates a cascading system and pre-cooling protocols specified through international codes and standards.
India currently relies heavily on coal and other fossil fuels for electricity generation. Combined with the fact that India is expected to be the world’s most populous country by 2030 (1), an energy crisis is looming. Hydrogen offers several advantages over traditional fuels when it comes to addressing the issue. It produces fewer emissions than fossil fuels while still providing a reliable source of power on demand. It is also relatively inexpensive when compared to other fuel sources like natural gas or nuclear power plants. In addition, it can be easily transported over long distances due to its low weight and high energy density. This makes it ideal for areas with limited infrastructure or access to energy sources.
“Hydrogen has the potential to revolutionize how India meets its growing energy needs while simultaneously promoting sustainability and reducing emissions,” said Tom Joseph, Vice President of Business Development at Fluitron LLC. “For more than a decade, Fluitron has provided customers with engineered, customized hydrogen technology solutions for energy storage and use in diverse markets. This investment in hydrogen technology helps ensure that India’s economy continues to grow while improving environmental quality and public health.”
About Fluitron
Fluitron is a global leader in precision technology for clean energy. With over 45 years of experience, Fluitron has grown to become a trusted partner for industrial gas compression technologies. Setting the bar in creating equipment that safely handles hydrogen and other specialized gases, Fluitron has the expertise to deliver the technology critical to your mission. For more information, www.fluitron.com.
Wilson Craig
Mindshare PR
408-516-6182
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HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (“PEP”) acted as a co-manager on the $150,000,000 follow-on public offering for Cactus, Inc. (NYSE: WHD) which closed on January 13, 2023.
About Pickering Energy Partners:
Pickering Energy Partners (PEP) is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. The PEP platform includes Investments, Research, Capital Markets, Investment Banking, and Consulting. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in.
For more information, please visit www.PickeringEnergyPartners.com.
Pickering Energy Partners LP (“PEP”) is an SEC Registered Investment Adviser. Affiliated PEP Advisory LLC (“PEP BD”) is a registered broker-dealer, member FINRA/SIPC.
Josh Martin, Managing Director
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+1.713.955.5338
For media inquiries, contact:
Jennifer Petree / Tina Tallant
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+1.713.269.3776
Innovative project is a significant milestone in acceleration of hydrogen technology development in India
NEW YORK--(BUSINESS WIRE)--Fluitron LLC, an established developer and manufacturer of industrial-grade gas compression systems, has successfully completed the manufacturing, testing, installation and PESO (Petroleum and Explosives Safety Organization) approval for the first domestically-built hydrogen dispenser in India. This project and its successful introduction is a significant milestone in acceleration of hydrogen technology development in India.
This dispenser, which is capable of filling tanks at 350 bar pressure, features two nozzles for light and heavy-duty vehicles and a third nozzle for the future addition of 700 bar hydrogen dispensing. It also integrates a cascading system and pre-cooling protocols specified through international codes and standards.
India currently relies heavily on coal and other fossil fuels for electricity generation. Combined with the fact that India is expected to be the world’s most populous country by 2030 (1), an energy crisis is looming. Hydrogen offers several advantages over traditional fuels when it comes to addressing the issue. It produces fewer emissions than fossil fuels while still providing a reliable source of power on demand. It is also relatively inexpensive when compared to other fuel sources like natural gas or nuclear power plants. In addition, it can be easily transported over long distances due to its low weight and high energy density. This makes it ideal for areas with limited infrastructure or access to energy sources.
“Hydrogen has the potential to revolutionize how India meets its growing energy needs while simultaneously promoting sustainability and reducing emissions,” said Tom Joseph, Vice President of Business Development at Fluitron LLC. “For more than a decade, Fluitron has provided customers with engineered, customized hydrogen technology solutions for energy storage and use in diverse markets. This investment in hydrogen technology helps ensure that India’s economy continues to grow while improving environmental quality and public health.”
About Fluitron
Fluitron is a global leader in precision technology for clean energy. With over 45 years of experience, Fluitron has grown to become a trusted partner for industrial gas compression technologies. Setting the bar in creating equipment that safely handles hydrogen and other specialized gases, Fluitron has the expertise to deliver the technology critical to your mission. For more information, www.fluitron.com.
Wilson Craig
Mindshare PR
408-516-6182
This email address is being protected from spambots. You need JavaScript enabled to view it.
PHILADELPHIA--(BUSINESS WIRE)--WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today a definitive agreement (“Haynesville Agreement”) to acquire up to $105 million of natural gas mineral and royalty assets primarily located in northwestern Louisiana (“Haynesville Royalties”). The Haynesville Royalties are focused in the core of the basin, representing some of the highest quality natural gas reserves in the United States. WhiteHawk’s position will cover 375,000 gross unit acres in the Haynesville Shale. The Haynesville Royalties are being actively developed by best-in-class natural gas operators Southwestern Energy, Chesapeake Energy, Aethon Energy Management and Comstock Resources. Under the Haynesville Agreement, WhiteHawk will acquire up to $105 million of the Haynesville Royalties with an initial effective date of February 1, 2023.
WhiteHawk management expects the Haynesville Royalties to be a strong compliment to the Company’s existing high-quality natural gas mineral and royalty assets. During 2022, WhiteHawk acquired natural gas mineral and royalty assets covering 475,000 gross unit acres in the core of the Marcellus Shale focused in Greene and Washington Counties, Pennsylvania. Pro forma for the Haynesville Royalties acquisition, the Company will have interests in over 2,300 producing horizontal wells across the two preeminent natural gas basins in North America, anchored by some of the best natural gas operators in the country with combined market capitalization of approximately $40 billion. The diversified position will benefit from sales points in both the Northeast and Gulf Coast regions.
“The acquisition of the Haynesville Royalties is an excellent next step for WhiteHawk,” says Daniel C. Herz, Chief Executive Officer of WhiteHawk. “With these assets, WhiteHawk is continuing to execute on its business plan of acquiring mineral and royalty interests in the highest quality natural gas basins in North America, anchored by best-in-class operators. Natural gas continues to be a core element of the global economy and is needed to provide clean electricity for vehicle electrification, offer affordable energy for heating homes, and further drive energy security for the United States and our allies.”
About WhiteHawk Energy
WhiteHawk Energy, LLC is focused on acquiring mineral and royalty interests in top tier natural gas resource plays, including the Haynesville and Marcellus Shales. The management team at WhiteHawk has successfully grown over $13 billion of minerals, midstream, and exploration and development companies over the last 20 years. Please go to www.whitehawkenergy.com for more information.
Advisors
Shearman & Sterling LLP acted as legal counsel to WhiteHawk and UBS Investment Bank acted as financial advisor.
For more information, please visit the Company’s website at www.whitehawkenergy.com, or contact its corporate relations department at This email address is being protected from spambots. You need JavaScript enabled to view it..
Cautionary Note Regarding Forward-Looking Statements
Certain matters discussed within this press release are forward-looking statements. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. The Company does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. This document contains forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. The Company cautions readers that any forward-looking information is not a guarantee of future performance. Such forward-looking statements include, but are not limited to, statements about future financial and operating results, resource potential, and the Company’s plans, objectives, expectations, intentions and other statements that are not historical facts. Risks, assumptions and uncertainties that could cause actual results to materially differ from the forward-looking statements include, but are not limited to, those associated with general economic and business conditions; changes in government environmental policies and other environmental risks; the availability of drilling equipment and the timing of production; tax consequences of potential balance sheet and other transactions; and global health conditions, including the impact of COVID-19. Forward-looking statements speak only as of the date hereof, and the Company assumes no obligation to update such statements, except as may be required by applicable law.
Corporate Relations
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NEW YORK--(BUSINESS WIRE)--OUPES, the clean generator expert providing people with innovative and eco-friendly power solutions, will soon launch its latest product Mega 5 on 16th February on Indiegogo. With 5.04kWh and 4000 watts, OUPES Mega 5 could be the most powerful mobile power station ever and it applies to both home use and commercial use. Its main features can be tracked now on its Indiegogo teaser page .
What Outstanding Features It Includes:
OUPES Mega 5 is positioned as a home power backup. It is a unit about the size of a piece of rolling luggage and features a huge capacity and wheels so that users can easily move it from place to place.
The OUPES Mega 5 solar generator will be launched on 16th February with the product prize disclosed. The biggest discount will be for those who order early. The best way users can get the best discount is to sign up on its Indiegogo teaser page to receive the latest updates and news from the campaign.
OUPES:
Official website of OUPES: https://oupes.com/
Contact Person: Cheney Green
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