WASHINGTON--(BUSINESS WIRE)--FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise Software-as-a-Service (“SaaS”) technology provider of global policy and market intelligence, today announced it will participate and present at the 25th Annual Needham Growth Conference, taking place in New York City, New York. Tim Hwang, Chairman and Chief Executive Officer, will present an overview of the company at 8:00 am ET on Tuesday, January 10, 2023. Management will also host one-on-one investor meetings at the conference.
A webcast of the event will be available at the following link, https://wsw.com/webcast/needham128/note/2266782, and an on-demand replay will be available shortly after the conclusion of the presentation on the Events & Presentations page of the FiscalNote investor relations website at https://investors.fiscalnote.com. The replay of the webcast will be available for 90 days following the event.
About FiscalNote
FiscalNote (NYSE: NOTE) is a leading technology provider of global policy and market intelligence. By uniquely combining AI technology, actionable data, and expert and peer insights, FiscalNote empowers customers to manage policy, address regulatory developments, and mitigate global risk. Since 2013, FiscalNote has pioneered technology that delivers mission-critical insights and the tools to turn them into action. Home to CQ, Equilibrium, FrontierView, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves more than 5,000 customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.
Media
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FiscalNote
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FiscalNote
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iSun sells first fully-internally development asset and executes EPC contract
WILLISTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, has agreed to sell a 7 MW solar asset valued at approximately $4.8 million in connection with the execution of an $11.6 million EPC contract.
HIGHLIGHTS:
“When we acquired Oakwood Construction’s IP assets in 2021, we positioned iSun to provide turnkey development and engineering services,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We added meaningful value at each stage of the solar assets’ life cycle for our new partner. We executed substantially all of the development, engineering and technical work and as a result, we have now contracted to sell this asset to a leading investment firm and execute EPC contracts to complete the installation. We pride ourselves on our years of experience that have positioned the Company to handle all the many challenges involved in creating more valuable long-term assets for customers.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
iSun Investor Relations
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BUFFALO, N.Y.--(BUSINESS WIRE)--$ROCK #ROCK--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced that Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Tim Murphy are scheduled to present at the CJS Securities 23rd Annual New Ideas for the New Year Conference on Wednesday, January 11, at 8:45 a.m. ET, and hold meetings with investors that day.
The link to the live webcast of the Company’s presentation will be available by visiting Gibraltar’s website at https://ir.gibraltar1.com/reports-presentations.
About Gibraltar
Gibraltar is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living, sustainable power, and productive growing throughout North America. For more please visit www.gibraltar1.com.
LHA Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
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LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) received an A- from CDP for its 2022 climate disclosure, securing a score at CDP’s Leadership Level for the fourth year in a row. This accomplishment is further evidence of CRC’s commitment to maintaining a strong ESG and sustainability platform.
Mac McFarland, CRC’s President and CEO, stated, “We are extremely pleased with CDP’s scoring of our 2022 climate disclosure. Our consistent leadership level rankings continue to validate CRC’s approach of valuing strong environmental, social and governance efforts while supporting energy transition. We continue to focus on providing low carbon intensity energy to meet California’s needs and advancing our carbon management strategy efforts.”
Chris Gould, EVP and Chief Sustainability Officer, continued, “We strive to demonstrate ESG leadership through detailed disclosure and pursuit of carbon reducing projects. We are pleased to be recognized by the CDP for our efforts. We continue to make progress on our 2045 Full-Scope Net Zero Goal and ESG goals and remain excited about our carbon management opportunities to help decarbonize California.”
CDP is an international non-profit that developed a robust global evaluation and scoring system to assess the world’s companies on their environmental transparency and performance. CDP scoring measures the comprehensiveness of disclosure, awareness and management of environmental risks and best practices associated with environmental leadership, such as setting ambitious and meaningful targets. The complete list of scores for companies from around the world can be found at http://www.cdp.net/.
For more information about ESG at CRC, please visit our Sustainability page at www.crc.com/ESG.
About CDP
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action.
About California Resources Corporation (CRC)
California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and CRC is focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing CCS and other emissions reducing projects. For more information about CRC, please visit www.crc.com.
Joanna Park
Investor Relations
818-661-3731
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Richard Venn
Media
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HSE & Sustainability
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DUBLIN--(BUSINESS WIRE)--The "Next Generation Refrigerants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Natural Refrigerants, Hydrofluoro Olefins & Others), By Application, By End-Use, By Region and Competition" report has been added to ResearchAndMarkets.com's offering.
Global Next Generation Refrigerants Market is anticipated to witness robust growth in the forecast period, 2024-2028 due to the increased concerns about global warming around the world. In 2020, the earth's surface temperature was around 0.98 Celsius degrees warmer than the 20th-century average.
Next-generation refrigerants with little to no global warming potential (GWP) and ozone depletion potential include ammonia and tetrafluoro propene. Due to the growing demand for environmentally friendly production processes, the need for next-generation refrigerants is growing rapidly. The two next-generation refrigerants with zero ozone depletion potential (ODP) and global warming potential are natural refrigerants and hydrofluoroolefins and Others. These factors are expected to boost market expansion.
Growing Uses of Next Generation Refrigerants in a Variety of End-Use Industries
The use of Next Generation Refrigerants in a wide range of end-user industries, for instance, food & beverage, pharmaceuticals, personal care, and industrial, is expected to increase the growth of the overall market at a substantial rate. Moreover, HFCs are frequently used as refrigerants because they are more effective at cooling and heating than other refrigerants. HFCs don't include chlorine; hence, they impact the ozone layer less. In addition, HFCs produce polymer foams as blowing agents, fire retardants, solvents in cleaning products, and plasma etching to manufacture semiconductors. All these factors are propelling the growth rate of the market.
Mergers & Acquisitions
Recent Developments
New Product Launches
Market players
Honeywell International, Zhejiang Juhua, Arkema, Daikin, Chemours, SRF Limited, Tazzetti S.p.A, ASPEN Refrigerants, The Chemours Company, and The Linde Group are some of the key players operating in the market.
Report Scope:
In this report, Global Next Generation Refrigerants Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Next Generation Refrigerants Market, By Type:
Next Generation Refrigerants Market, By Application:
Next Generation Refrigerants Market, By End-Use:
Next Generation Refrigerants Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Next Generation Refrigerants Market Outlook
6. Europe Next Generation Refrigerants Market Outlook
7. North America Next Generation Refrigerants Market Outlook
8. Asia-Pacific Next Generation Refrigerants Market Outlook
9. Middle East and Africa Next Generation Refrigerants Market Outlook
10. South America Next Generation Refrigerants Market Outlook
11. Market Dynamics
12. Market Trends & Developments
13. Global Microcrystallline Market: SWOT Analysis
14. Porter's Five Forces Analysis
15. Competitive Landscape
16. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/s2clmw
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HCA is comprised of 15 global brands, including AEG, American Standard, Arçelik, Beko, Electrolux, Frigidaire, GE Appliances, Grundig, Haier, Leader, LG, Resideo, Samsung, Trane and Vestel
News Highlights:
LAS VEGAS--(BUSINESS WIRE)--Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem, today announced the release of its HCA Interface Specification 1.0 for Cloud-to-Cloud (C2C) interoperability at CES 2023 in Las Vegas, Nev., USA on Jan. 5-8, 2023. The HCA exhibit is located in booth #52739 in the Venetian Expo Center.
“This is a monumental achievement for our members to release the HCA Interface Specification 1.0 within one year of the organization‘s launch at CES 2022,” said Yoon Ho Choi, Home Connectivity Alliance President. “The availability of this specification will enable the large appliance industry to begin development of interoperable and energy-efficient ecosystems between trusted global brands that will provide convenience, help stabilize the electrical grid, and help deliver cost savings for consumers.”
The HCA Interface Specification 1.0 leverages existing industry standards to define C2C interoperability and ensures that long-life appliances, HVAC systems and TVs are seamlessly interoperable with each other, regardless of manufacturer. Furthermore, the specification will cover legacy appliances and HVAC systems consumers already have in their homes today; ensuring that consumers can continue to use them, in most instances without major firmware updates. The specification will be available for public viewing on the HCA website and open-sourced to HCA members.
HCA will also be displaying its C2C interoperability demonstrations featuring solutions from multiple member companies in the Smart Home exhibition at CES 2023. This technical demonstration from HCA member companies leverages C2C connectivity, enabling multiple brands of apps to control multiple brands of appliances, HVAC systems and TVs. HCA continues to focus on making the smart home accessible to the everyday consumer and has focused on a select set of features most frequently used by consumers.
Energy Management in the Connected Home
The release of the HCA Interface Specification 1.0 paves the way for energy-efficient solutions that cover the entire connected home. HCA is actively working with industry leaders across energy management to build a foundation for a more energy-efficient and sustainable roadmap for the connected home. At CES, HCA members will present a simulation of how a utility could enhance its fleet of flexible loads by incorporating long life appliances alongside heating and cooling to reduce grid emergency risks.
With HCA, key data from devices that consume the most energy (appliances, HVAC systems, and TVs) – including how much energy they use and how to optimize it – become even more accessible. This leads directly to energy usage insights that empower consumers to leverage technology from member companies to act on or even automate key devices, with the option to override, resulting in energy efficiency and cost savings for the consumer.
Join Home Connectivity Alliance
Manufacturers in the connected home space are encouraged to join HCA now to receive access to the HCA Interface Specification and help build the future of C2C interoperability. For more information about membership benefits and how to join, visit www.homeconnectivityalliance.org/membership.
About Home Connectivity Alliance
The Home Connectivity Alliance is a member-driven organization comprised of 15 global brands dedicated to the development and promotion of safe and secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem. For more information, visit www.homeconnectivityalliance.org.
Liz Nardozza / Kevin Gaboury
Home Connectivity Alliance PR
Telephone: +1 503.619.0505
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Project is expected to produce approximately 5 million gasoline gallon equivalent (GGE) of RNG annually
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--$OPAL--OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG), announced Florida’s first landfill gas to RNG facility at the New River Solid Waste Association (NRSWA) municipal solid waste landfill has successfully completed its ramp-up period.
Located in Raiford, Florida, the facility captures naturally occurring biogas from the decomposition of organic material at the landfill and refines it into RNG, a usable low-carbon fuel. RNG is a right now solution to the right now problem of climate change and is one of the most attractive sources of renewable energy – capturing extremely damaging greenhouse gas emissions (GHG) and using it to replace fossil fuels, such as diesel.
The RNG will be used to feed OPAL Fuels transportation customers at the company’s fueling stations via the Peoples Gas distribution system. Peoples Gas System is Florida’s largest natural gas distribution utility, serving more than 445,000 homes and businesses across the state.
“Through our vertical integration model, from production through distribution, OPAL Fuels is committed to providing our customers with cost effective, reliable transportation fuel that results in zero Scope 1 and Scope 2 emissions,” said Adam Comora, Co-CEO of OPAL Fuels. “We are pleased to partner with local stakeholders across Florida and to have brought the state its first RNG project. Working together with NRSWA, this facility produces new revenue streams, new jobs for the county, and provides cost savings for our customers – enabling companies to achieve net zero now at a discount. It also reduces greenhouse gas emissions locally and for the planet. This is a win for everyone.”
The RNG facility has a nameplate capacity of 2,500 SCFM of landfill gas, which when processed would result in the production of approximately 5 million GGE per year of RNG. This RNG, when used as transportation fuel to displace diesel, will avoid GHG emissions equivalent to achieving zero Scope 1 and Scope 2 emissions from more than 380 heavy-duty trucks.
Additionally, the process of refining the biogas results in significant reductions in local emissions, including approximate decreases of 95% in carbon dioxide (CO2) emissions, 90% in nitrogen oxide (NOx) emissions, 90% in carbon monoxide (CO) emissions, and 98% in sulfur oxide (SOx) emissions.
The NRSWA municipal solid waste landfill is a publicly owned waste facility formed as an association of three member Florida counties: Baker, Bradford, and Union Counties. The association also accepts contracted waste from out-of-region locations.
“NRSWA is excited about partnering with OPAL Fuels on this important and industry leading project,” said Perry Kent, Executive Director, NRSWA. “This is the first project in Florida to convert gas from a municipal solid waste landfill to RNG and we are happy we have been able to lead the way. New River has always worked to manage solid waste in a sustainable way and to be good stewards of the environment. This project is one more step toward New River becoming a fully sustainable solid waste treatment facility.”
Through investments in people, technology, infrastructure, and environmentally focused innovations, Peoples Gas is committed to fueling Florida’s clean energy future responsibly and sustainably. Peoples Gas is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.
“Peoples Gas is invested in diverse energy solutions to serve the growing needs of Floridians,” said Lew Rutkin, Vice President of Business Development for Peoples Gas. “By collaborating with OPAL Fuels, we are enabling access to RNG, and we are providing a clean pathway to meaningful reduction in greenhouse gas emissions for the state.”
About OPAL Fuels Inc.
OPAL Fuels Inc. (Nasdaq: OPAL) is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market. RNG is a proven low-carbon fuel that is rapidly decarbonizing the transportation industry now while also significantly reducing fuel costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable, lower-cost alternative to diesel fuel. The company also develops, constructs, and services RNG and hydrogen fueling stations. As a producer and distributor of carbon-reducing fuel for heavy-duty truck fleets for more than a decade, OPAL Fuels delivers complete renewable solutions to customers and production partners. To learn more about OPAL Fuels and how it is leading the effort to capture North America’s harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events or OPAL Fuels’ (the “Company”) future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include various factors beyond management’s control, including but not limited to general economic conditions and other risks, uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the proxy statement/prospectus filed on June 21, 2022, in connection with our Registration Statement on Form S-4, and other filings with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Media
Jason Stewart
Senior Director Public Relations and Marketing
914-421-5336
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ICR, Inc.
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Investors
Todd Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
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ANAHEIM, Calif.--(BUSINESS WIRE)--$WLDN--Willdan Group, Inc. (NASDAQ: WLDN) announced today that it will provide upgrades to the Weyerhaeuser King County Aquatic Center through energy savings performance contracts with a combined value of $4.3 million. The Aquatic Center is one of the preeminent competitive swimming facilities in the United States and generates substantial economic activity for the county and local communities. The contracted projects were guided by an investment grade audit that Willdan won through a competitive selection process. The work is contracted through the State Department of Enterprise Services Energy Program.
Projects include improvements to the competition spaces of the main natatorium, such as the surface refinishing of 20,000 square feet of pool deck and dive tank bottom, and the replacement of HVAC and pool water heating equipment with a new, high-efficiency, all-electric system. This is a continuation of King County’s commitment to low-carbon facility improvements and follows Willdan’s installation of two large solar arrays on this same facility in 2015 and 2018. Willdan has supported energy and engineering projects at this facility for nearly 20 years.
“This aquatic center holds a very special place in our community, and we take great pride in our efforts to improve our environmental footprint while continuing to provide a world-class competitive facility,” said Mike Dunwiddie, Regional Aquatic Center Coordinator for King County. “We look forward to having these upgrades in place when we host the 2025 NCAA Men’s and Women’s Swimming and Diving Nationals and the 2025 US Masters Swimming Summer National Championship.”
About the Weyerhaeuser King County Aquatic Center
The Weyerhaeuser King County Aquatic Center is a legacy venue of the 1990 Seattle Goodwill Games. This 2,500-seat facility maintains one of the most active competition schedules in the country, hosting more than 50 events annually. It has been the site of Olympic Trials, top national and international competitions, and the Pacific Northwest’s premiere events. A recent economic study conducted for King County measured the financial impact of these events on the region in excess of $7.5 million annually.
About Willdan
Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 31, 2021. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Al Kaschalk
VP Investor Relations
310-922-5643
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CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, has completed the acquisition of Boatzon, the first 100 percent online boat and marine digital retail platform, through its recently formed technology entity, New Wave Innovations. Just as technology has changed the car-buying experience, the integrated Boatzon platform is giving consumers the ease and convenience of browsing for financing, purchasing, and insuring a boat, entirely online.
Shawn Berg, EVP, Chief Digital Officer of MarineMax and President of New Wave Innovations, stated, “Technology is integral to the growth of the marine industry, and with the acquisition of Boatzon we have added what we believe is the preeminent technology business connecting consumers and marine dealers. Boatzon’s unique combination of FinTech and InsureTech solutions is creating exactly what current and prospective boat owners want—a simpler, faster, and more efficient buying experience. Through New Wave Innovations we are building on this foundation, giving the Boatzon team access to technology, digital tools, and capital to continue to innovate and grow. We are thrilled to welcome Bryan, Michael, and the entire Boatzon team to the MarineMax family.”
Bryan Lenett, Co-Founder of Boatzon, added, “Fueled by MarineMax’s international presence and global leadership in the marine industry, we are excited about the significant opportunities ahead to address the robust long-term growth forecast for the recreational boating and yacht markets. We are exceptionally proud to become an integral part of MarineMax’s technology initiatives.”
Michael Muchnick, Co-Founder of Boatzon, commented “Since its founding, Boatzon has become the retail technology platform for the marine industry, delivering an exceptional experience for customers and dealers alike. We are thrilled to become part of MarineMax and look forward to continuing to build on Boatzon’s rapid success.”
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts, and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 125 locations worldwide, including 78 retail dealership locations, some of which include marinas. Collectively, with the IGY acquisition, MarineMax owns or operates 57 marinas worldwide. Through Fraser Yachts and Northrop & Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also owns Boatyard, an industry-leading customer experience digital product company. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.
Forward-Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the significant opportunities ahead to address the robust long-term growth forecast for the recreational boating and yacht markets, and Boatzon's continued innovation, growth, and success. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the performance and integration of the recently-acquired businesses, general economic conditions, as well as those within the Company's industry, the level of consumer spending, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2022 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investors:
Michael H. McLamb
Chief Financial Officer
727-531-1700
Scott Solomon or Laura Resag
Sharon Merrill Associates, Inc.
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Media:
Katherine Cooper
MarineMax, Inc.
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#EarningsAnnouncement--UGI Corporation (NYSE: UGI) will announce the results of its first fiscal quarter earnings after the market closes on February 1, 2023. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, February 2.
Interested parties may listen to the audio webcast both live and in replay on the Internet at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the company website https://www.ugicorp.com and clicking on “Investors” and then “Events and Presentations.”
About UGI
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, and the Netherlands.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
INVESTOR RELATIONS
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2022 of $0.49 per unit, or $1.96 per unit on an annualized basis.
This quarterly distribution will be paid February 14, 2023, to common unitholders of record as of the close of business January 31, 2023. This distribution represents a 5.4 percent increase over the distribution declared with regard to the fourth quarter of 2021.
Enterprise repurchased $120 million of its common units in the open market during the fourth quarter of 2022 for a total of $250 million of common units repurchased in 2022. Inclusive of these purchases, the partnership has utilized 37 percent of its authorized $2.0 billion buyback program.
Enterprise will announce its earnings for the fourth quarter of 2022 on Wednesday, February 1, 2023, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available following the conference call and may be accessed approximately one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Market in India 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The cumulative installed renewable energy capacity (excluding large hydro) stood at 111.39 GW in FY 2022. It is expected to reach 287.34 GW by FY 2027, expanding at a CAGR of 21.60% during the FY 2023 - FY 2027 forecast period.
The country intends to reach 450 GW of installed renewable energy capacity by 2030, with solar power accounting for 280 GW (more than 60%). By FY 2027, the share of RE is expected to come close to 50% of the installed power capacity.
The demand for power around the world is steadily increasing with enhanced living standards, supported by rapid urbanization. There has been a spurt in the demand for renewable energy since conventional electricity generation methods such as thermal power plants are getting exhausted gradually.
The renewable energy market is constantly expanding through efficient collaboration between the government and the private sector. In India, solar and wind are the most popular renewable sources of energy.
Market insights:
Key growth drivers of the market:
The combination of low-cost financing and expected solar and wind module cost declines are some of the key factors driving solar prices down in the country.
The recent adoption of the reverse auction regime for wind tariff trends are reflected by extending the high wind resource potential trajectory. The continued reduction in cost of renewable energy helps in creating sustainable and domestic-based energy system.
Key deterrent to the growth of the market:
Renewable energy projects have a decentralized nature and require proper system planning and integration in operation of transmission networks. The key purpose of the current transmission lines is to transmit the energy from regional generation units to load centers.
RE projects are often set up in remote areas, away from large cities, and result in weak transmissibility. The distance and voltage levels, therefore, increase with the installation of REs plants far away from the load centers.
COVID-19 impact analysis:
In the wake of the pandemic, renewable energy sector was hit by multiple demand and supply shocks, but the impact on the renewable power sector was relatively mild as a series of relief measures were announced by the government throughout 2020 - 2021.
However, revenue losses during the 2020 - 2021 period went up due to a fall in demand, high Aggregate Technical and Commercial (AT&C) losses, fixed charge waivers, and delayed payment collections.
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Government organizations that control the renewable energy market
Chapter 4: Market Overview
4.1 Renewable energy market - An overview
4.1.1. Renewable energy installed capacity and growth forecast (FY 2020 - FY 2027e)
4.1.2. Share of renewable energy in total installed power capacity (FY 2022 and FY 2027e)
Chapter 5: Market Segmentation
5.1. Share of different segments in renewable energy installed capacity (as of FY 2022)
5.2. Target of capacity share of different segments by end of 2022
5.3. Solar power capacity (as of August 2022)
5.4. Wind power capacity (as of August 2022)
5.5. Bio power capacity (as of August 2022)
5.6. Small hydro power capacity (as of August 2022)
Chapter 6: Government Initiatives
6.1. Government Initiatives
Chapter 7: Impact of COVID-19
7.1. Impact of COVID-19
Chapter 8: Market influencers
8.1. Key growth drivers
8.2. Key challenges
Chapter 9: Competitive landscape
9.1. Adani Power Limited
9.2. Azure Power Global Limited
9.3. JSW Energy Limited
9.4. NTPC Limited
9.5. ReNew Energy Global Plc
9.6. Suzlon Energy Limited
9.7. The Tata Power Company Limited
9.8. Torrent Power Limited
9.9. Sembcorp Energy India Limited
9.10. GreenKo Group
Chapter 10: Recent developments
10.1. Recent developments
Chapter 11: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/t9wc72
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At CES in Las Vegas, Davis launched its first touch-enabled weather data console, which puts the power of customization in the hands of weather enthusiasts
GERMANTOWN, Md.--(BUSINESS WIRE)--Davis Instruments, an AEM brand, announced the release of its newest product, the WeatherLink® Console, at the 2023 Consumer Electronics Show today. This console enables professionals and weather-enthusiasts to personalize, interact with and track observations from their weather station at-a-glance, all in a modern device that will become a centerpiece in your office or home.
“We are very excited to launch the WeatherLink Console,” said Mark D. Miller, Chief Commercial Officer of AEM. “As severe weather events such as floods, droughts, and major storms become increasingly common, more people are taking an interest in personal weather monitoring to stay aware and ahead of changing local weather conditions and help protect their property and communities. Manufacturing weather stations for over 35 years, Davis has established itself as a worldwide leader in high-quality sensor technology. As the next evolution, we wanted to bring the data to life by creating a more personal, modern, and compelling weather experience and narrative. That is what drove the development and enhancements of the WeatherLink Console.”
The WeatherLink Console comes equipped with a color HD touchscreen display that displays a personalized weather dashboard, featuring real-time data from their weather station as well as short and medium-range forecasts. The dashboard can show real-time data on up to 21 parameters, such as wind, rain, and barometric pressure, and alarm on hundreds of changing conditions that matter most to you.
Using the WeatherLink Console’s onboard database of historical records, users can create more than 80 custom charts and graphs that turn their local data into a powerful weather story. Using built-in Wi-Fi, the console makes is easy to connect to the WeatherLink Cloud and securely store and share data with the largest global personal weather station network, or keep that data private. Access to a multitude of personal weather stations in a community can provide emergency response agencies a more complete view of weather conditions across the area to better inform and sharpen crucial decisions.
Additional capabilities of the WeatherLink Console include:
The WeatherLink Console is on display at the Consumer Electronics Show in Las Vegas from now until January 8, 2023. To learn more about the WeatherLink Console and other personal weather technology, visit Davis Instruments at https://www.davisinstruments.com/.
About AEM
AEM is combining global technology leaders, including Davis Instruments and its precision weather monitoring solutions, to empower communities and organizations to survive and thrive in the face of escalating environmental risks. By deploying intelligent sensing networks, operating a secure and scalable data management infrastructure, and delivering high-value analytics through a suite of end-user applications, AEM serves as the essential source for environmental insights. These technologies enable positive outcomes, helping reduce environmental impact and creating a safer world. For more information, visit https://aem.eco and https://www.davisinstruments.com/.
John Lauer
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The large-scale technology installation is designed to prevent up to 5,000 tons of total emissions per year across five buildings and 2.5 million square feet of residential space
NEW YORK--(BUSINESS WIRE)--CarbonQuest, a leading carbon capture technology provider supporting onsite building decarbonization across the real estate sector, today announced that the company’s revolutionary technology will be installed in five multifamily properties owned by Glenwood Management (‘Glenwood’) in the first three months of 2023. With CarbonQuest serving as the only modular building carbon capture solution on the market, this marks the first large-scale installation of its type in an urban setting in which carbon is captured from buildings to prevent it from being emitted into the atmosphere.
The installations at these buildings — which include The Fairmont (300 East 75th Street), The Bristol (300 East 56th Street), The Paramount Tower (240 East 39th Street), The Barclay (1755 York Avenue) and The Somerset (1365 York Avenue) — come on the heels of the success of Glenwood’s pilot project with CarbonQuest at The Grand Tier (1930 Broadway), which is the first commercially operational building carbon capture project on the market.
Through CarbonQuest’s proprietary emission-reduction process, CO2 is captured from building flue exhaust before it ever has the chance to escape as a greenhouse gas. Subsequent to this initial capture, the CO2 undergoes a multi-stage process that separates and captures CO2, producing an end product of liquid CO2 stored securely in a bulk tank. CarbonQuest then sells its “Sustainable CO2”™ to other companies focused on carbon utilization and sequestration, including those that mineralize carbon in concrete and concrete aggregates manufacturing.
A large portion of the Sustainable CO2™ generated at the Glenwood buildings will be sold to NYC-based masonry firm and block producer Glenwood Mason Supply (unaffiliated with Glenwood Management), where the CO2 will be sequestered permanently in concrete blocks. CarbonQuest is also in the process of forming partnerships with other CO2 offtakers, who would utilize the recycled Sustainable CO2™ in their own carbon-intensive processes.
“Studies have shown that the building sector is a significant contributor to climate change, and federal and city legislation are both incentivizing technology that can drive emissions reduction at a building level,” said Josh London, Senior Vice President at Glenwood Management. “With the success of our first CarbonQuest system at 1930 Broadway, we are excited to roll out the technology to more of our portfolio, leveraging carbon capture alongside other technologies to reduce our emissions and gain compliance with local regulations.”
CarbonQuest’s systems will help Glenwood prevent thousands of tons of building CO2 emissions each year. The technology is particularly timely in light of New York City’s Local Law 97, which will begin to penalize buildings based on their CO2 emissions in 2024. Based on their current carbon usage, Glenwood's properties would incur roughly $7 million in penalties between 2024 and 2029, followed by $15 million in penalties in the years ranging from 2030 to 2034; CarbonQuest's systems are expected to eliminate those fines entirely.
CarbonQuest’s modular Building Carbon Capture SystemTM offers several sizes to support a variety of building types and applications, with some large building applications reducing tens of thousands of tons per year. Application of building carbon capture in NYC has the potential to quickly and cost effectively reduce hundreds of thousands of tons of emissions in NYC alone.
“CarbonQuest is the only cost-effective, nondisruptive solution offering an immediate pathway to meaningful building decarbonization, and we view this expanded partnership with Glenwood Management as a testament to the instant value realized through our pilot project,” said Brian Asparro, Chief Operating Officer at CarbonQuest. “With New York City’s building emission penalties set to go into effect next year, property owners are looking for innovative ways to decarbonize. And while improving energy efficiency is part of the equation, capturing carbon before it is emitted is also a critical part of the path to decarbonization.”
Added Asparro: “A growing number of property owners are evaluating our building carbon capture technology, and we are excited to continue partnering with forward-thinking real estate operators to reduce carbon emissions in the built environment.”
While CarbonQuest has the potential to provide significant value to building owners, the modular product also presents a unique approach that can dramatically increase the global capacity of “point-source” carbon capture. Historically, point-source carbon capture systems were used exclusively at power plants and other large industrial facilities that benefitted from an abundance of space, an absence of tenant activity, and often, significant capital to dedicate to energy and carbon reduction. CarbonQuest is elevating the building decarbonization landscape, fostering opportunities for emissions reduction from property owners of any sizable commercial, residential or institutional building, thereby dramatically expanding the potential environmental impact of the technology.
The carbon capture process at each property will also be coupled with the deployment of CarbonQuest’s Carbon Management Software™, providing real-time data and analytics to track the capture of the CO2 and its delivery to the customers in real time. CarbonQuest software will also verify, measure and report CO2 emissions to third party verifiers, auditors, and regulators.
About CarbonQuest
CarbonQuest is advancing building decarbonization with a modular, accessible solution that captures CO2 from buildings before it is emitted to the atmosphere. The captured CO2 is then liquified and transported to local businesses that need carbon for their production processes, such as cement manufacturers. By introducing its technology and Sustainable CO2™ into the market, CarbonQuest enables its customers to support a circular economy while meeting ESG and net-zero goals with a cost-effective, turnkey solution. Learn more at www.carbonquest.com.
About Glenwood Management
Founded in 1962, Glenwood Management is a leading developer, owner and manager of luxury apartment properties. The company offers residents across its portfolio a curated living experience, with high-end finishes, a wide range of property amenities and an unparalleled level of service. For more information, visit https://www.glenwoodnyc.com/.
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FREMONT, Calif.--(BUSINESS WIRE)--Amprius Technologies, Inc. (“Amprius”) (NYSE: AMPX), a leader in ultra-high energy density lithium-ion batteries with its Silicon Nanowire Anode Platform, today announced its schedule for January appearances and activities.
25th Annual Needham Growth Conference
Date: Thursday, January 12, 2023
Location: Virtual
Event Details: Amprius CEO Dr. Kang Sun and CFO Sandra Wallach will be participating virtually in the Needham Growth Conference on January 12th. 1-on-1 meetings are available for investors as company availability allows. Please contact your Needham representative if interested in scheduling a time to meet with management.
UBS Global Energy Transition Call Series: Energy Storage Solutions with Amprius
Date: Thursday, January 19, 2023
Time: 8:00 a.m. PT/11:00 a.m. ET
Location: Virtual
Event Details: UBS Alternative Energy and Environmental Services Equity Research Analyst John Windham, CFA, will host Amprius to discuss their business, technology, and market outlook. Amprius CEO Dr. Kang Sun will be on the call, which begins at 8:00 a.m. PT.
2023 Autonomous VTOL Technical Meeting and Electric VTOL Symposium
Date: Thursday, January 26, 2023
Time: 12:40 p.m. PT/1:40 p.m. MT
Location: Sheraton Hotel at Wrigleyville West; Mesa, AZ
Event Details: The two-part event gathers speakers from industry and academia to share technical papers and speakers from companies leading in the autonomy and electric VTOL sectors. Amprius CTO, Dr. Ionel Stefan, will be speaking on January 26 at 12:40 p.m. PT about how Amprius batteries are a smart solution to power eVTOL craft.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry’s highest energy density cells. The company’s corporate headquarters is in Fremont, California where it maintains an R&D lab and a pilot manufacturing facility for the fabrication of silicon nanowire anodes and cells. For additional information, please visit amprius.com. Also, see our LinkedIn and Twitter pages.
Investors
Cody Slach, Tom Colton
Gateway Group, Inc.
949-574-3860
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Zach Kadletz, Brenlyn Motlagh
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NEW ORLEANS--(BUSINESS WIRE)--IMTT announced today that it has closed on the sale of the company’s bulk liquids storage terminal located in Gretna, Louisiana to BWC Terminals LLC. The Gretna terminal is located on the Mississippi River and has approximately 2.3 million barrels of storage capacity, with truck, rail, and deep-water marine access.
“BWC was uniquely positioned to execute on this transaction due to the adjacent location of their Harvey terminal,” said Carlin Conner, chairman and CEO of IMTT. “Divesting a terminal that we have owned and operated for 32 years was a difficult decision. BWC’s commitment to continuing to operate Gretna with the current team in place, and in a safe, environmentally responsible, and efficient manner was a major factor in our decision.”
“With the reinvestment of proceeds from this transaction and the execution of contracted renewable fuel and chemical-related infrastructure projects that are in progress, over half of the company’s revenue in 2023 will be generated from the handling of non-petroleum products, such as renewable diesel feedstocks, renewable diesel, vegetable and tropical oils, and chemicals.”
New Orleans-based IMTT will continue to own and operate its 16 other terminals across North America, including its three Louisiana terminals located along the Mississippi River in Avondale, Geismar, and St. Rose, which generate nearly 70% of its revenue from the handling of non-petroleum products.
About IMTT
Founded in 1939 and headquartered in New Orleans, Louisiana, IMTT is an industry leader in the handling and storage of bulk liquid products, especially energy transition fuels, feedstocks and petrochemicals, through its ownership and operation of 16 terminals in the East, West, and Gulf Coasts, as well as the Great Lakes region and Canada. IMTT is focused on providing safe and reliable service while delivering innovative solutions for the evolving energy needs of its customers. In addition to expanding its independent liquid terminals business, IMTT is committed to pursuing low carbon intensity growth opportunities and reducing carbon emissions across its existing asset base. For more information about IMTT, visit imtt.com.
Contact: Kim Nave
Phone: 504-619-2259
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Hybrid system will be capable of powering approximately 2,000 electric customers within PG&E’s Calistoga microgrid for up to 48 hours (293 MWh of carbon-free energy) during a planned outage
This Long-Duration Energy Storage System is the first-of-its-kind and integrates a short duration battery system, for grid forming and black start capabilities, with a long duration fuel cells plus green liquid hydrogen storage system
System managed and dispatched by Energy Vault’s technology-neutral Energy Management Software to optimize performance and safety while minimizing operational cost
Project supported by a 10.5-year tolling agreement; Construction anticipated to begin in Q4 2023 with commercial operation expected by the end of Q2 2024
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--$NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (NYSE: PCG), today announced the companies are partnering to deploy and operate a utility-scale battery plus green hydrogen long-duration energy storage system (BH-ESS) with a minimum of 293 megawatt-hours (MWh) of dispatchable carbon-free energy.
The BH-ESS is designed to power downtown and the surrounding area of the Northern California City of Calistoga for a minimum of 48 hours during planned outages and potential Public Safety Power Shutoffs (PSPS), which is when the powerlines serving the surrounding area must be turned off for safety due to high wildfire risk.
PG&E submitted the project contract for review and approval to the California Public Utilities Commission (CPUC) on December 30, 2022, with a request for the issuance of a final resolution approving the project by May 15, 2023. The energy storage system will be owned, operated and maintained by Energy Vault while providing dispatchable power under a long-term tolling agreement with PG&E. The system’s capacity may be expanded to 700MWh, which would allow it to operate for longer without refueling, enabling further flexibility for PG&E and the City of Calistoga.
Energy Vault’s BH-ESS will replace the typical, mobile diesel generators used to energize PG&E’s Calistoga microgrid during broader grid outages. The project represents a major advance in community-scale microgrid development and a significant step toward realizing the CPUC’s vision of cleaner forms of microgrid generation.
“PG&E selected Energy Vault’s innovative hybrid architecture and design to create a cost-effective, community-scale, fully carbon-free microgrid that can store and dispatch on-demand renewable energy,” said Ron Richardson, Regional Vice President, North Bay and North Coast, PG&E. “This breakthrough collaboration between PG&E and Energy Vault provides a template for future, renewable community-scale microgrids that successfully integrate third-party distributed energy resources, which is expected to cost customers less than the benchmark set by state regulators based on the alternative use of mobile diesel generators.”
The system is anticipated to provide carbon-free energy for the Calistoga community of more than 2,000 electric customers for a period of 48 hours with a hybrid architecture that will allow for grid forming and black start capabilities, with the potential to further expand the project’s capacity in the future up to 700MWh.
Construction is anticipated to begin in the fourth quarter of 2023 with commercial operation expected by the end of second quarter of 2024. Upon completion, this project is expected to be the first-of-its-kind and the largest utility-scale green hydrogen project in the United States.
“We’re excited to partner with PG&E on this groundbreaking project that reflects Energy Vault’s differentiated ability to design, build and operate innovative and utility-scale energy storage solutions that meet our customers’ specific needs in achieving their grid reliability and decarbonization goals,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault. “We are setting a new benchmark for what can be achieved with an innovative design that integrates the most advanced energy storage mediums in order to deliver a fully renewable green hydrogen battery energy storage system. We look forward to delivering this world-class resiliency system for the City of Calistoga, which has been an excellent partner throughout the evaluation and operational review process. Our engineers designed this innovative hybrid energy storage system leveraging Energy Vault’s technology-neutral integration platform and energy management software. This project represents another key customer validation of our strategy and our unmatched, industry-leading ability to bring the most innovative short, long and ultra-long duration energy storage technologies to our customers with proprietary gravity, green hydrogen and hybrid battery solutions as we deliver on our mission of enabling a renewable world.”
About the Technology, How it Works, and Next steps
Under the 10.5-year agreement, Energy Vault will provide “Distributed Generation-Enabled Microgrid Services” – a type of energy service that involves using grid-forming generation and storage resources, potentially in combination with demand-side resources, to provide energy, fault current contribution and to regulate voltage and frequency within the utility’s established parameters to enable the islanding of the Calistoga microgrid during planned outages.
A hydrogen fuel cell will be powered by electrolytic hydrogen derived from renewable energy sources. The hybrid generation/storage facility will not emit localized pollutants such as oxides of nitrogen and particulate matter when generating electricity to power the microgrid. Green hydrogen, also called renewable hydrogen, is produced through the electrolysis of water. This process is powered entirely by renewable energy, so it generates no polluting emissions into the atmosphere and is the cleanest and most sustainable hydrogen. The community-scale microgrid will be 100% renewable.
The solution is designed to operate during planned outages and PSPS events, serving all the load within a safe-to-energize area in the City of Calistoga, including critical facilities such as fire and police stations, and shared services in the downtown and surrounding area.
Energy Vault’s proprietary Energy Management System will provide full system control and optimal dispatching across the multi-medium aspect of the project, including batteries, hydrogen tanks and fuel-cells.
PG&E will use and upgrade its existing distribution infrastructure to establish the microgrid.
The entire system will be developed on less than one acre of land and is expected to serve as a model for Energy Vault’s future utility-scale hybrid storage system deployments.
Given the groundbreaking nature of the technology, PG&E and Energy Vault undertook extensive safety and operational studies and also consulted with local stakeholders in advance of finalizing the agreement, including the City of Calistoga and Marin Clean Energy, a Community Choice Aggregator that is the default retail seller of electricity in the area.
The City of Calistoga supported the project through the issuance of a letter of intent to allow City property to be leased to Energy Vault in order to site the storage and dispatching resources.
For more information, read PG&E’s advice letter requesting approval of the project.
About PG&E
PG&E, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
About Energy Vault
Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.
Forward-Looking Statements
This press release includes forward-looking statements that reflect Energy Vault’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of the Company’s business plan and strategies. These statements often include words such as “ anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. The Company bases these forward-looking statements or projections on its current expectations, plans and assumptions, which it has made in light of its experience in our industry, as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances at the time. These forward-looking statements are based on the Company’s beliefs, assumptions and expectations of future performance, taking into account the information currently available to the Company. These forward-looking statements are only predictions based upon the Company’s current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in the Company's strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the implementation, market acceptance and success of its business model and growth strategy; its ability to develop and maintain our brand and reputation; developments and projections relating to its business, its competitors, and industry; the impact of health epidemics, including the COVID-19 pandemic, on its business and the actions it may take in response thereto; its expectations regarding its ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which it will be an emerging growth company under the JOBS Act; its future capital requirements and sources and uses of cash; its ability to obtain funding for its operations and future growth; its business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (SEC), accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time and it is not possible for the Company’s management to predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements it may make. Any forward-looking statement made by the Company in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on the Company’s forward-looking statements.
This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and PG&E, including but not limited to the BH ESS and Distributed Generation-Enabled Microgrid Services. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and PG&E’s joint annual report on Form 10-K for the year ended December 31, 2021, their most recent quarterly report on Form 10-Q for the quarter ended September 30, 2022, and other reports filed with the SEC, which are available on PG&E Corporation's website at www.pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.
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Innovative Technology Could Help OUC Ensure Reliability, Decrease Carbon Emissions while Shifting to Clean Energy
NEWS HIGHLIGHTS
ORLANDO, Fla.--(BUSINESS WIRE)--The Orlando Utilities Commission (OUC—The Reliable One) will explore deployment of Malta Inc.’s long-duration energy storage power plant as a reliable and commercially viable solution to help achieve the utility’s net-zero carbon emission goals. Malta’s storage solution converts excess electricity into thermal energy that is stored in salt and coolant. When needed, the plant regenerates gigawatt hours of electricity for residential and commercial use.
Malta’s utility-scale 100+ megawatt system provides more hours of energy storage than lithium-ion batteries and could provide energy storage diversity for OUC. The increased duration power plant has the potential to help OUC ensure grid reliability despite the variable nature of clean and renewable energy resources like solar. The Malta power plant would be situated at OUC’s Indian River Plant in Brevard County on Florida’s East Coast.
“Malta is committed to making climate-smart choices easier for our customers,” said Malta CEO Ramya Swaminathan. “This collaboration explores how Malta’s innovative technology can improve grid resiliency and accelerate OUC’s clean energy goals.”
“Long-duration energy storage is vital to OUC’s clean energy plans and our commitment to significantly reduce CO2 emissions. Malta’s innovative energy storage solution has the potential to help us reduce our CO2 emissions and provide a cleaner, greener energy future for our customers,” said Clint Bullock, OUC General Manager & CEO.
OUC’s Electric Integrated Resource Plan calls for ending the use of coal no later than 2027 and sets the utility on a course to reach net zero CO2 emissions by 2050, with interim carbon reductions of 50% by 2030 and 75% by 2040. Pairing Malta’s energy storage system with OUC’s growing investment in solar would help achieve the utility’s carbon-reduction goals while also leveraging experienced staff to operate large energy storage projects like Malta.
About OUC—The Reliable One
Established in 1923 by a special act of the Florida Legislature, OUC—The Reliable One is the second largest municipal utility in Florida. OUC provides electric and water services to about 400,000 accounts in Orlando, St. Cloud and parts of unincorporated Orange and Osceola counties. Visit www.ouc.com to learn more about our commitment to reliability, affordability and sustainability.
About Malta Inc.
Malta, Inc. has developed a 100 megawatt (MW) Zero-Carbon Power Plant, a like-for-like replacement for today’s fossil fuel-fired plants that delivers affordable, reliable, on-demand clean energy 24/7.
Malta’s innovative technology stores electricity as thermal energy from eight hours to eight days or longer, later returning it to the grid to meet hourly, daily, and weekly needs. The Malta system also provides clean heat for industrial and district heating applications. Visit: www.maltainc.com.
OUC Contact: Michelle Lynch, 407.434.2250
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Malta Contact: Steven C. Sullivan, 518.441.7272
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HOUSTON--(BUSINESS WIRE)--Andros Capital Partners LLC (“Andros”) today announced the closing of its second investment fund Andros Energy Capital II LP (“Fund II”) at its $750 million hard cap.
Phillip A. Gayle, Jr., Founder and Managing Partner of Andros, commented, “We are extremely grateful for the continued support and confidence that our investors and partners have placed in our firm. Our team continues to source and execute on compelling investment opportunities during this period of fundamental macro dislocation in global energy markets caused by the rapid recovery of hydrocarbon demand and continued global underinvestment.”
Andros will pursue a similar investment strategy as the firm’s inaugural 2020-vintage fund focused on private equity investments, credit opportunities and direct asset-level investments. Fund II will primarily target middle-market transactions requiring between $100 and $500 million and maintain a completely flexible and opportunistic investment mandate, allowing the firm to invest across the capital structure in both public and private equity or debt securities.
Gibson Dunn & Crutcher LLP served as legal counsel to Andros in connection with the formation of Fund II. Andros did not engage a placement agent or any outside advisor in connection with the capital raise.
About Andros Capital Partners LLC
Founded in 2020, Andros Capital Partners is a private investment firm based in Houston, Texas with over $1 billion in cumulative equity commitments. Andros combines flexible, long-duration capital with an opportunistic investment mandate, leveraging a proven track record of building, operating and monetizing assets across the energy value chain. For more information please visit www.androscapital.com or contact Andros at This email address is being protected from spambots. You need JavaScript enabled to view it..
Meredith Hargrove Howard
Redbird Communications Group
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RIVERSIDE, Calif.--(BUSINESS WIRE)--ElDorado National (California) or ENC, a subsidiary of REV Group, Inc., and an industry leader in heavy-duty transit buses and emission-free technology, announces it has begun delivering E-Z Rider II buses, equipped with a hybrid-electric powertrain, to the Georgia Institute of Technology. A total of nine buses will be in operation on the Atlanta, Georgia campus as part of the university’s commitment to becoming carbon neutral by 2050.
Through its partner, Creative Bus Sales, ENC has started delivering the first of nine 35' E-Z Rider II buses equipped with BAE hybrid-electric systems. The Georgia Tech fleet will feature innovative GPS technology with geofencing. When inside the geofenced “green zone” areas at the heart of the campus, the buses will automatically switch from clean diesel to 100% battery electric power, eliminating emissions and noise on campus.
“ENC has been a leader in alternative fuel options for universities, airports and transit applications for over 40 years,” said Jason Moore, Vice President and General Manager of ENC. “We are excited to partner with Georgia Tech to help them reach their carbon neutral goal with our latest innovation in hybrid-electric transportation.”
Learn more about the ENC E-Z Rider II at www.eldorado-ca.com/mid-size-public-bus-transportation.
About ElDorado National (California), Inc.
ENC, a subsidiary of REV Group Inc., has manufactured low floor and standard floor buses for over 45 years to public transit/paratransit, airport, and university transportation markets. ENC is best known in the industry for its customizable options including thousands of floorplan configurations, as well as ensuring unparalleled manufacturing and safety standards. All ENC models pass a comprehensive battery of durability and crash tests. ENC manufactures the greenest buses in the industry including the Zero Emissions, hydrogen-powered Axess-Fuel Cell as well as the new 100% battery electric Axess. All buses are crafted in the state-of-the-art 227,000 square-foot, ISO 9001 certified production facility in Riverside, California.
About REV Group, Inc.
REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through three segments: Fire & Emergency, Commercial, and Recreation. They provide customized vehicle solutions for applications, including essential needs for public services (ambulances, fire apparatus, school buses, and transit buses), commercial infrastructure (terminal trucks and industrial sweepers), and consumer leisure (recreational vehicles). REV Group's diverse portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG
Julie Nuernberg | Director of PR & Social Media
REV Group
+1.262.389.8620 (mobile)
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