CHICAGO--(BUSINESS WIRE)--Calvin Butler has begun in his role as president and chief executive officer of Exelon (Nasdaq: EXC) and has joined Exelon’s Board of Directors after previously serving as the company’s president and chief operating officer. Exelon, the nation’s largest energy transmission and delivery company by customer count, is headquartered in Chicago, and serves more than 10 million customers in Illinois, Pennsylvania, New Jersey, Delaware, Maryland and the District of Columbia.
“It is an honor and a privilege to lead this great company into its next chapter,” said Butler. “I have had the pleasure of working alongside Chris Crane for the past 10 years, and I am excited to build upon the legacy he has built for this company. We are in a unique position to lead our customers and the nation on a path to a clean energy future. And we strive to not only lead the energy transformation, but to do so equitably, while strengthening our infrastructure, modernizing our energy delivery systems, and improving the lives of those in our communities.”
“Leading this company has been the honor of a lifetime, and I can’t think of anyone better suited to build upon our successes and usher in our next chapter than Calvin Butler,” said Chris Crane. “I am so proud of what we have achieved as a company over the past decade for our customers and communities. We have an incredibly strong foundation to build upon, and so much ahead for us to achieve. Under Calvin’s leadership, our exceptionally talented Exelon team will continue to thrive for years to come.”
The company is an industry leader in improving the reliability and resilience of the energy grid and is consistently recognized for achieving excellence in safety, customer service and pursuing its value of diversity, equity and inclusion. Through its workforce development programs, support for educational initiatives, employee volunteerism and other philanthropic efforts, Exelon powers the economic health and well-being of the diverse communities it serves.
Butler has served as COO since October 2021 and was named president and COO in October 2022. He previously served as Exelon Utilities CEO since 2019 and as CEO of Baltimore Gas and Electric (BGE) from 2014 to 2019. Prior to that role, Butler served as BGE’s senior vice president for Regulatory and External Affairs. In addition, he has held various leadership positions at ComEd, including as senior vice president of Corporate Affairs and vice president of Governmental and Legislative Affairs.
Before joining Exelon in 2008, he held senior leadership roles in external affairs as well as in manufacturing with the print, digital and supply chain solutions company R.R. Donnelley. Butler spent his early career with Central Illinois Light Company (CILCORP, Inc.), where he worked in government affairs, legal and strategy.
In addition to serving on the Exelon Board, Butler also serves as chair of each Exelon operating company board — BGE, ComEd, PECO and PHI. He is the vice chair of the Institute of International Education (IIE) and also serves on the board of RLI Corp. (NYSE: RLI). He will be a new member of the Civic Committee of the Commercial Club of Chicago. He also serves on several nonprofit boards in areas where Exelon operates, and is on the Board of his undergraduate alma mater, Bradley University in Peoria, Ill. Butler also serves on the James Madison Council of the Library of Congress.
He has been recognized by several organizations for his leadership and community commitment. In 2021, The Daily Record named Butler to their “Power 100” list and has singled him out as one of its top 35 Influential Marylanders, as well as listed him three times as one of Maryland’s “Most Admired CEOs.” In 2020, he was honored with the BEYA Chairman’s Award, recognizing Black leaders for their meaningful contributions to science, technology, engineering and math (STEM). That same year, he was named among Black Enterprise magazine’s “Most Influential Black Executives in Corporate America,” and as Zpryme’s “ETS Thought Leader of the Year,” honoring those with the “inventive and brave vision needed to inspire the global energy ecosystem toward sustainable modernization.” In 2019, the Boy Scouts of America honored him with the Whitney M. Young, Jr. Service Award. He is an active member of the Kappa Alpha Psi Fraternity, Inc.
Butler earned a bachelor’s degree from Bradley University and a Juris Doctor degree from Washington University School of Law in St. Louis, Mo. He received an honorary doctorate of Humane Letters from Morgan State University in 2014.
Exelon is the nation’s largest energy transmission and distribution company. More information about Exelon is available at exeloncorp.com.
About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to powering a cleaner and brighter future for our customers and communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.
Linsey Wisniewski
Corporate Communications
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312-394-7417 Exelon Media Hotline
Qi2 will lead to faster wireless charging and universal compatibility of handheld and mobile devices
LAS VEGAS--(BUSINESS WIRE)--The Wireless Power Consortium (WPC) will introduce a new wireless charging standard to unify the industry under one global standard and provide enhanced convenience and efficiency for mobile devices and wearables.
The Qi2 standard will be introduced later this year by the global consortium and will offer millions of consumers who rely on wireless charging a better user experience. The WPC is a global body dedicated to the creation of standards to ensure safe, efficient, and interoperable wireless charging and wireless power.
“Consumers and retailers have been telling us they’re confused concerning what devices are Qi Certified and those that claim to work with Qi but are not Qi Certified. This confusion can lead to a poor user experience and even safety issues,” says Paul Struhsaker, executive director of the Wireless Power Consortium. “Our standard assures consumers that their devices are safe, efficient, and interoperable with other brands. Qi2 will be the global standard for wireless charging and provide consumers and retailers with that assurance.”
WPC member, Apple®, provided the basis for the new Qi2 standard building on its MagSafe® technology. Apple® and other WPC members developed the new Magnetic Power Profile, which is at the core of Qi2. Qi2’s Magnetic Power Profile will ensure that phones or other rechargeable battery-powered mobile products are perfectly aligned with charging devices, thus providing improved energy efficiency and faster charging.
The Qi2 (pronounced ‘chee two’) standard will replace its predecessor, Qi, in a rapidly expanding market where about one billion devices – transmitters and receivers – will be sold worldwide in 2023. The launch of the Qi2 standard will further expand the wireless charging market by opening the market to new accessories that wouldn’t be chargeable using current flat surface-to-flat surface devices.
Because of its improved efficiency and interoperability, Qi2 will enable faster charging for some devices, furthermore, it will pave the way for significant future increases in wireless charging speeds that are safe, and energy-efficient and won’t shorten battery life or damage a user’s phone.
“Energy efficiency and sustainability are on everyone’s minds these days,” says Struhsaker. “Qi2’s perfect alignment improves energy efficiency by reducing the energy loss that can happen when the phone or the charger is not aligned. Just as important, Qi2 will greatly reduce the landfill waste associated with wired charger replacement due to plugs breaking and the stress placed on cords from daily connecting and disconnecting.”
Qi2 Certified mobile phones and chargers are expected to be available for the 2023 holiday season.
At CES
Learn more about Qi2 at the Wireless Power Consortium’s CES booth number 53529 on Level 2 of the Venetian Expo Center.
About the Wireless Power Consortium
The Wireless Power Consortium leads the world in ensuring consumers, retailers and manufacturers that they can rely on universal, interoperable standards and certifications for wireless devices. Through rigorous testing and certifications, the global body is dedicated to ensuring safe, efficient, and interoperable wireless charging and wireless power. The WPC’s nearly 400 member organizations established and support the current Qi standard and are developing standards for innovative new wireless power applications, including the Ki Cordless Kitchen.
Paul Golden
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+1 972-854-2616
SAN RAMON, Calif. & HOUSTON--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), today closed its previously announced acquisition of full ownership of Beyond6, LLC and its nationwide network of compressed natural gas stations from Mercuria Energy Trading and Beyond6 founder Andrew West.
About Chevron
Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
About Mercuria
Founded in 2004, Mercuria is one of the largest independent energy and commodity groups in the world. As an integrated group, Mercuria is present all along the commodity value chain with activities forming a balanced combination of trading flows, strategic assets and structuring solutions. With more than USD 100 billion in turnover, Mercuria has become one of the most active players in the energy and renewables markets. Over the next five years, the company will direct half of its investment towards the energy transition. For more information, visit www.mercuria.com.
Tyler Kruzich, Chevron
External Affairs
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t. (925) 549-8686
Matthew Lauer, Mercuria
Public Affairs
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t. (703) 463-1841
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX.V: NOU) announces today the capitalization of accrued interests as part of a previously announced private placement.
Settlement of accrued interests
NMG has capitalized accrued interests owed to Investissement Québec, Pallinghurst Bond Limited and Mitsui & Co., Ltd. (the “Holders”) under the unsecured convertible notes (the “Notes”) issued in connection with the private placement announced by press release dated November 8, 2022.
An aggregate amount of US$611,712 will be capitalized and 160,976 common shares at a price of US$3.80 (each, a “Common Share”) will be issued to Holders at the maturity or conversion of the Notes in payment of the accrued interests due on December 31, 2022. The issuance of Common Shares is subject to the approval of the TSX Venture Exchange and the New York Stock Exchange and, when issued, will be subject to a hold period of four (4) months and one day.
Other
On November 18, 2022, NMG announced the grant of 50,000 stock options to an officer at a price of $6.48 per common share for a period expiring on November 13, 2027. NMG wishes to correct the expiration date of these options to November 14, 2027.
About Nouveau Monde Graphite
NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the potential conversion of the Notes, the issuance of the Common Shares and the vesting of the stock options and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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INVESTORS
Marc Jasmin
Director, Investor Relations
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PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced several leadership appointments, effective immediately.
Ram Vadlamannati, currently senior vice president, protective and marine coatings (PMC), and president, PPG EMEA (Europe, Middle East and Africa), will transition to lead a newly created PPG operations organization, while maintaining executive oversight accountability of PPG’s EMEA region. He will report to PPG president and chief executive officer, Tim Knavish. PPG’s operations organization will encompass supply chain, operational excellence, manufacturing operations, procurement, and environment, health and safety functions. Leaders of those functions will report to Vadlamannati.
Amy Ericson, currently senior vice president, packaging coatings, will become senior vice president, PMC, succeeding Vadlamannati and reporting to Knavish. She will also assume executive oversight accountability for PPG’s Latin America region. Ericson will continue to lead PPG’s packaging coatings business on an interim basis, until a new leader for the business is announced.
Kevin Braun, vice president, global industrial coatings and interim industrial segment leader, will assume executive oversight responsibility for the following PPG businesses: global automotive coatings, specialty coatings and materials, and packaging coatings. Leaders for these businesses will report to Braun, who will also continue to lead PPG’s global industrial coatings business and report to Knavish.
Chancey Hagerty, vice president, global automotive refinish, will continue in his current role and assume executive oversight accountability for the Asia Pacific region, reporting to Knavish.
“Congratulations to these PPG leaders on their expanded responsibilities and new roles,” said Knavish. “We are pleased to have a talented group of leaders with broad, proven experience, which provides continuity in driving our global business strategies and delivering shareholder value. I look forward to working with the entire PPG leadership team and our more than 50,000 PPG People around the world to drive our purpose forward – We Protect and Beautify the World.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial, and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
CATEGORY Corporate
Media Contact:
Mark Silvey
Corporate Communications
+1 412 434 3046
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www.ppg.com
Investor Contact:
John Bruno
Investor Relations
+1-412-434-3466
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investor.ppg.com
GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced it will report its fourth quarter 2022 results pre-market on Thursday, February 2, 2023. The Company will also hold a conference call to discuss results at 10:30 a.m. (Eastern Time) that day.
The conference call can be accessed by dialing 877-451-6152 (U.S.) or 201-389-0879 (international). A replay will be available approximately three hours after the call through February 9th, by dialing 844-512-2921 (U.S.), or 412-317-6671 (international). The passcode for the replay is 13734974.
The Company will also host a live webcast of its conference call which may be accessed on the Investor Relations section of the Company's website, schneider.com.
About Schneider
Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Media Relations Contact
Kara Leiterman, Schneider
M 920-370-7188
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Investor Relations Contact
Steve Bindas, Schneider
920-357-SNDR (7637)
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MicroEJ to showcase customizable, extensible smart meters that drive new business opportunities and better energy management at CES 2023
BOSTON--(BUSINESS WIRE)--#CES2023--MicroEJ, the leading provider of software containers for IoT and embedded devices, and Landis+Gyr, a global leader in energy management technologies, announced their collaboration to expand the app development environment for the next generation of smart meters. This collaboration establishes the digital foundation for more efficient and sustainable energy management.
Through innovative software containerization, MicroEJ Virtual Execution Environment provides an app operating system for Landis+Gyr’s Revelo® meter. Revelo’s unique waveform sampling makes it a highly accurate sensor and supports software applications for decision making at the grid edge.
Recognizing this impact, Frost & Sullivan awarded Landis+Gyr the 2022 Global AMI Company of the Year Award, an acknowledgement that highlights the potential of this platform to radically transforming how utilities operate.
Partnership provides better energy management
With rising consumer expectations for fast, personalized, and secure energy management, utility providers must maximize customer service capabilities at the grid edge. Revelo supports grid and consumer applications running on the MicroEJ platform that both optimize management of the grid and improve consumer engagement through:
As Todd Bushey, Vice President, Technologies at Landis+Gyr observes, “The next generation of meter technologies are a critical next step for energy management. Revelo and its related future-ready utility IoT platform provide the edge intelligence and sensing function to provide utilities and consumers with the capabilities to reach their goals. The flexibility of the MicroEJ environment enables us to provide an effective platform for app enablement and expansion in the future.”
Fred Rivard, CEO of MicroEJ, confirms, “MICROEJ VEE flagship software containers power the digital transformation of future-proof energy meters to an unprecedented level, enhancing services and energy management over the life of a smart meter. This turnkey solution supports the customization and personalization of smart meter applications to address new consumer needs, thereby achieving a sustainable and cost-effective platform for future development.”
MicroEJ will showcase the Revelo product platform at 2023 CES Unveiled on Tuesday, January 3, and at the MicroEJ CES Booth #52339 in the Venetian Expo from January 5-8. Contact us for a preview or to learn more about MicroEJ and Landis+Gyr partnership.
About MicroEJ
MicroEJ is a software vendor of cost-driven solutions for embedded and IoT devices. We are focused on providing device manufacturers with secure products in markets where software applications require high performance, compact size, energy efficiency, and cost-effective development.
Today more than 120+ companies in the world with currently over 100 million products sold, have already chosen MicroEJ to design electronic product applications in a large variety of industries, including smart home, wearables, healthcare, industrial automation, retail, telecommunications, smart city, building automation, transportation, etc.
For more info: www.microej.com
About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9 million tons of CO2 in FY 2021 and committed to achieve carbon neutrality by 2030, Landis+Gyr manages energy better – since 1896. With sales of USD 1.5 billion in FY 2021, Landis+Gyr employs around 6,500 talented people across five continents.
For more info: www.landisgyr.com
MicroEJ
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of January 2023. Participation by the management team will vary by event.
Investor slides to be used during the conferences will be available for download on the company’s website, within Investors, under Presentations, the afternoon of January 4, 2023.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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Hark’s capabilities will expand SolarEdge’s monitoring and energy management offering to the Commercial and Industrial segment
LEEDS, England & MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that it has entered into a definitive agreement to acquire the entire share capital of Hark Systems Ltd. (“Hark”). Founded in 2016 and based in Leeds, UK, Hark offers a highly flexible Software as a Service (SaaS) Internet of Things (IoT) platform that allows enterprises and asset operators to connect, analyze and optimize industrial assets and energy in their commercial sites. Hark’s technology enables rapid deployment and commissioning across multiple sites. Hark’s customer base is comprised of diverse industries, including some of the largest supermarket chains in the UK.
The acquisition of Hark is expected to enable SolarEdge to offer its commercial and industrial (C&I) customers expanded capabilities in energy management and connectivity, including identification of potential energy savings, detection of anomalies in assets’ energy consumption, and optimization of energy usage and carbon emissions through load orchestration and storage control.
“Hark’s SaaS platform will enable us to grow our extensive commercial and industrial energy management portfolio and offer additional services to our C&I customers,” said Zvi Lando, CEO, SolarEdge Technologies. “Coupled with our smart energy solutions, Hark’s advanced technological capabilities can provide enterprises with greater transparency and control of their energy usage and carbon emissions.”
“SolarEdge has revolutionized how solar energy is harvested and managed and has deployed millions of smart energy management systems globally. We are excited to be able to be a part of the SolarEdge offering and join their global infrastructure to assist enterprises in the C&I market to manage their energy in a more efficient and sustainable way,” said Jordan Appleson, CEO and Co-Founder, Hark Systems.
The acquisition is subject to certain customary closing conditions and regulatory approvals and is expected to close during the second quarter of 2023.
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
About Hark
Hark is an award-winning Energy Analytics and Industrial IoT company based in Leeds, UK. Founded in 2016, Hark's technology enables enterprises to improve efficiency, reduce waste and maximize yield by connecting to, providing visibility of, and automatically controlling assets such as energy meters, building management systems and industrial systems. Hark's cloud and edge technology securely streams data from entire estates at an asset-specific level and analyses that data in real time, providing actionable information for Energy Managers and Asset Operators. The Hark Platform’s intuitive user interface, asset connectivity technology, automations and custom dashboards enable rapid solution deployment for Energy Management, Asset Health Management, and Industrial Maintenance. Find out more: https://harksys.com
Lily Salkin, Global Public and Media Relations Manager
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+972-522028240
Dana Noyman, Head of Corporate Communications and Global PR
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+972 54 999 8809
BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen” or the “Company”) announced today the final results of its cash tender offer to purchase up to 4,500,000 shares of its Class A Common Stock at a purchase price of $25.00 per share. The tender offer expired at 5:00 P.M., Eastern time, on Friday, December 23, 2022.
Based on the final count by American Stock Transfer & Trust Company, LLC, the Depositary for the tender offer, a total of 3,040,882 shares of Bluegreen’s Class A Common Stock were properly tendered and not withdrawn. In accordance with the terms and conditions of the tender offer, Bluegreen will purchase all 3,040,882 shares tendered for an aggregate price of approximately $76.0 million, excluding fees and expenses relating to the tender offer. The Depositary will promptly issue payment for the shares being purchased.
The shares to be purchased represent approximately 18.9% of the issued and outstanding shares of Bluegreen’s Class A Common Stock and 15.4% of the total number of issued and outstanding shares of Bluegreen’s Class A Common Stock and Class B Common Stock. The shares purchased in the tender offer will be canceled by the Company. After giving effect to the purchase and cancellation of the shares, Bluegreen will have 16,719,269 shares of Common Stock issued and outstanding, consisting of 13,055,152 shares of Class A Common Stock and 3,664,117 shares of Class B Common Stock.
Shareholders who have questions or would like additional information about the tender offer may contact the Information Agent for the tender offer, Laurel Hill Advisory Group, LLC, toll-free at (888) 742-1305.
About Bluegreen Vacations Holding Corporation:
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 70 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.
For further information, please visit us at:
Bluegreen Vacations Holding Corporation: www.BVHCorp.com
This press release contains forward-looking statements. All opinions, forecasts, projections, future plans, and other statements, other than statements of historical fact, are forward-looking statements. The forward-looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on current expectations and involve risks, uncertainties, and other factors, many of which are beyond the Company’s control, that may cause actual results or performance to differ from those set forth or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, those relating to the tender offer described in this press release and the risks and uncertainties relating to the business, operations, affairs, plans, strategies, results, and financial condition of the Company, and the ownership of the Company’s stock, detailed in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (including the “Risk Factors” section thereof) and Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, which may be viewed on the SEC's website at www.sec.gov and in the “Investor Relations” section of the Company’s website at www.BVHCorp.com. The Company cautions that the foregoing factors are not exclusive. Readers should not place undue reliance on any forward-looking statement, which speaks only as of the date made.
Bluegreen Vacations Holding Corporation Contact Info:
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193
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PARIS--(BUSINESS WIRE)--Arcadia eFuels Receives Investment from Swen Infrastructure Fund for Transition 2 (“Swift 2”), a fund managed by SWEN Capital Partners, to provide necessary development capital to accelerate reaching Final Investment Decision stage for the world’s first commercial eFuels production facility to produce the lowest carbon emitter fuels for the Aviation sector
Arcadia eFuels announces that they have joined forces with Swift 2. The investment received from the fund dedicated to renewable gas production managed by SWEN Capital Partners will propel development and commence FEED (Front End Engineering Design) for eFuels production sites. This investment, the parties aim at reaching FID expeditiously, leading to the construction of commercial eFuels facilities that will supply the much-needed lowest carbon emitter fuel (eKerosene) to the aviation industry.
Climate change is the number one topic on the current agenda in the aviation sector, as airlines endure increasing public and political pressure globally to curb carbon emissions. With the airline industry formally committed to a pledge of “net zero” carbon emission by 2050, and pending EU legislation mandating the use of sustainable aviation fuels and specifically eKerosene by 2030, Arcadia eFuels and Swift 2 rise to meet this demand by joining forces to combat climate change and protect our planet.
To facilitate this process, Arcadia eFuels will utilize Swift 2’s investment to develop multiple eFuels production sites that it intends to own and operate, as well as market & sell eKerosene, eDiesel, and eNaphtha. Arcadia’s front running project in Vordinborg Denmark, is scheduled to begin operation in 2026, potentially followed by 2 more plants per year in 2026/2027. The output of each plant has been approximated to 100MM liters per year or 75,000 metric tonnes of eFuels.
“We believe that world travel is essential. It inspires people to seek out new places, while providing a learning experience like no other. The ability to experience cultural differences, as well as underlying cultural ties, serves as one of the greatest aids in protecting our global heritage and promote peace, while providing economic opportunities for countless communities. However, while the global economy is more connected than ever, a long-term challenge looms. Concern about air travel’s contribution to climate change threatens to curtail growth of an industry that has expanded steadily for decades, shrinking the world for travelers, as well as business in the global economy. For these reasons I am happy to announce that we have secured everything Arcadia needs to reach a final investment decision for one to two projects. SWEN Capital Partners has been a fantastic supporter, bringing an adept understanding of the social, societal and environmental impact of our work, and we are looking forward to developing the project further with them,” says Amy Hebert, CEO at Arcadia eFuels.
eFuels are produced by using renewable electricity to make green hydrogen, then combining hydrogen with carbon dioxide from direct air capture and/or other biogenic carbon sources to produce syngas. The syngas is then processed into eFuels using Fischer-Tropsch and refining to produce eKerosene, eDiesel, and eNaphtha.
“Decarbonising the hard-to-abate sectors such as heavy transport has been our mission since 2019. Although flying less must be a priority, we will keep on traveling long distances in the foreseeable future, it is therefore of outmost importance to produce sustainable aviation fuels with the lowest carbon footprint. Recombining green hydrogen from wind and solar, with much desired biogenic CO2 for example out of the biomethane industry where Swift2 is a European champion, provides a solution, which is being promoted by the EU under its “ReFuelEU Aviation initiative” (https://www.europarl.europa.eu/RegData/etudes/BRIE/2022/698900/EPRS_BRI(2022)698900_EN.pdf) . We are proud to team up with Arcadia eFuels which has assembled an incredible expertise under Amy Heberts’ leadership and is leading the way of sustainable aviation fuels.”, says Olivier AUBERT, Managing Director at Swen Capital Partners.
SWEN Capital Partners continue to evolve to remain constantly at the cutting-edge of sustainable finance and to heighten the impact of investments. Their endeavors continue to contribute to the world’s transformation in meeting tomorrow’s challenges through financing practices that are useful for everyone.
About Arcadia eFuels
Arcadia eFuels is committed to build facilities to produce the world’s future fuels. These low carbon fuels will allow the transportation sector, namely aviation and shipping, to use efuels directly, without changes to existing engines and infrastructure. Arcadia eFuels aims to produce eFuels around the world to help meet the aviation industry’s decarbonization goals. Please visit www.arcadiaefuels.com to learn more or contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..
About SWEN Capital Partners
SWEN Capital Partners is a benchmark player in sustainable investments in private equity with more than 7 billion euros in assets under management and/or advisory in Europe. The management company, owned by the Ofi Invest Group (whose main shareholders are entities of the Aéma group: Macif, Abeille Assurances holding, Aésio Mutuelle) and Crédit Mutuel Arkéa, as well as its team, has always placed the ESG/climate approach at the heart of its approach and offers its clients innovative and sustainable investment solutions.
SWEN CP supports entrepreneurs and its partners in a support approach on social, societal and / or environmental issues and the creation of sustainable value, essential in its eyes for useful finance. To learn more please visit https://www.swen-cp.fr/en.
Press contacts:
Arcadia eFuels
Phone: ++45 61 92 66 60
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Website: www.arcadiaefuels.com
SWEN Capital Partners
Phone: +33 (0) 6 24 76 83 40
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.swen-cp.fr/en
OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU), today announced that its Cherokee, AL (“Cherokee”) and El Dorado, AR facilities were shut down as a result of the extremely cold temperatures that impacted much of the United States in late December 2022. The El Dorado facility has since returned to service. Repairs are currently underway at Cherokee and the facility is expected to resume production by mid-January 2023. LSB management estimates that the unplanned outages at the two facilities will collectively reduce fourth quarter 2022 operating income by approximately $5 million to $7 million, largely attributable to lost sales and reduced absorption of fixed costs.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies. Additional information about LSB can be found on its website at www.lsbindustries.com.
Forward-Looking Statements
Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance including the effects of the COVID-19 pandemic and anticipated performance based on our growth and other strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or actual achievements to differ materially from the results, level of activity, performance or anticipated achievements expressed or implied by the forward-looking statements. Significant risks and uncertainties may relate to, but are not limited to, business and market disruptions related to the COVID-19 pandemic, market conditions and price volatility for our products and feedstocks, as well as global and regional economic downturns, including as a result of the COVID-19 pandemic, that adversely affect the demand for our end-use products; disruptions in production at our manufacturing facilities; our ability to complete the preferred stock exchange transaction on the terms disclosed or at all and other financial, economic, competitive, environmental, political, legal and regulatory factors. These and other risk factors are discussed in the Company’s filings with the Securities and Exchange Commission (SEC).
Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our 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. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether because of new information or future developments.
Investor Contacts:
Fred Buonocore, CFA, Vice President of Investor Relations
(405) 510-3550
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Media Contact:
David Kimmel, Director of Communications
(405) 815-4645
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DUBLIN--(BUSINESS WIRE)--The "Bio-Based Chemicals Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type, By End-Use, By Region, and By Competition" report has been added to ResearchAndMarkets.com's offering.
Global Bio-Based Chemicals Market is anticipated to grow at a robust CAGR in the forecast period, 2024-2028. The growing environmental concerns along with the rising need to minimize greenhouse emissions is expected to increase the demand for bio-based chemicals in the coming years. Additionally, increasing usage of bio-based chemicals in various end user industries, including chemical, pharmaceutical, food, and beverage, among others is expected to drive the growth of global bio-based chemicals market.
Moreover, Bio-based chemicals are necessary due to the depletion of fossil fuels and the development of strict government laws regarding emissions and waste generation and management. Governmental and non-governmental agencies across different parts of the globe are taking initiatives and making continuous attempts to promote green biotechnology and corporate sustainability programmes, such as prohibiting plastic bags in certain areas and restricting the dissemination of disposable carry bags. All these factors are expected to create lucrative opportunities for the growth of global bio-based chemicals market in the coming years.
Increasing Demand for Renewable Energy Sources
The market for bio-based chemicals is anticipated to grow due to the rising demand for renewable sources to reduce the effects of pollution and emissions of greenhouse gases. According to the International Energy Agency (IEA), in 2020, there was a 3% growth in the usage of renewable energy as demand for all other fuels dropped. The biggest driver was an almost 7% increase in electricity production from renewable sources. The initiatives to minimize harmful emissions because of their impact on the environment have increased demand for products made from bio-based materials in sectors like transportation, textiles, and building.
Supportive Governmental Measures Towards Sustainability Goals
Bio-based chemicals are supported as more environmentally friendly substitutes for petroleum-based chemicals as they become more economically and sustainably viable, improving the chemical and oil industries. Additionally, the expansion of the market is influenced by rising government initiatives to support biodegradable materials and sustainability programs, such as prohibiting plastic bags in some areas and restrictions placed on the uncontrolled distribution of disposable carry bags. As per the European Commission, the global market for renewable chemicals was worth USD85.6 billion in 2020, up from USD51.7 billion in 2015. Furthermore, according to the European Commission, the yearly revenue from bio-based chemicals and biofuels is estimated to be over USD58.97 billion, supporting 300,000 jobs.
Recent Developments
The industrial development of new bio-based materials for cutting-edge technological applications is getting the most interest. Bio-based, revolutionary plastics industry solutions undoubtedly hold the most suitable position. Poly(hydroxyalkanoate)s (PHAs) are being studied as potential biodegradable replacements for various commercial polymers such as HDPE, PP, and others.
PHAs are particularly appealing because they may be produced using biotechnological methods from a variety of carbon-rich biomass feedstocks, such as agricultural wastes, organic fractions of solid municipal wastes, and urban wastewater.
Market Dynamics
Drivers
Challenges
Market Trends & Developments
Report Scope:
In this report, global plastic films & sheets market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Bio-Based Chemicals Market, By Product Type:
Bio-Based Chemicals Market, By End-Use:
Bio-Based Chemicals Market, By region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Global Bio-Based Chemicals Market Outlook
5. Europe Bio-Based Chemicals Market Outlook
6. North America Bio-Based Chemicals Market Outlook
7. Asia-Pacific Bio-Based Chemicals Market Outlook
8. Middle East and Africa Bio-Based Chemicals Market Outlook
9. South America Bio-Based Chemicals Market Outlook
10. Market Dynamics
11. Market Trends & Developments
12. Global Bio-Based Chemicals Market: SWOT Analysis
13. Porter's Five Forces Analysis
14. Competitive Landscape
15. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hl8pck
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that Chief Executive Officer, Scott Sheffield, will present at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, at 8:00 a.m. ET.
The live presentation will be available to the public via webcast - click here. Following the live event, access to an archived version of the webcast will be available by visiting Pioneer’s website at www.pxd.com, selecting ‘Investors,’ and then selecting ‘Events & Presentations.’
About Pioneer
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Chris Leypoldt – 972-969-5834
Media and Public Affairs
Christina Voss – 972-969-5706
SOUTH CHARLESTON, W.Va.--(BUSINESS WIRE)--#AVNcorp--AVN Corporation (“AVN”) today announced it has completed the transaction to acquire Mid-Atlantic Technology & Innovation Center (MATRIC), a strategic research and development (R&D) partner for companies in the chemicals and advanced software technologies industries. AVN acquired all of the operations and assets of MATRIC, including all technology, patents and facilities.
All MATRIC employees were transitioned to AVN in the same roles they previously held. MATRIC, the 501c3 non-profit entity, will continue its efforts on fostering economic development in the Kanawha Valley.
AVN Corporation is an employee-owned, for-profit company founded by senior executive leadership Steven B. Hedrick, Elton Bond, John “Jack” P. Dever, Ph.D., and John T. Miesner in 2022. All employees received shares in AVN, and MATRIC, the non-profit entity, will have a small ownership stake, with the holdings expected to further fund charitable works in the future.
“This is an exciting day for our company, our employees and our customers. This year, we will celebrate our 20th anniversary of operation under a new name and legal structure, but with the same commitment to delivering excellence to our customers around the world,” said Hedrick, AVN CEO. “Previously, our non-profit status was impeding our ability to grow, and our name use was restricted. With a new name and legal structure, we have the ability to pursue new avenues of operation and market penetration. We will build off our company’s strong heritage in West Virginia and the science and technology communities, while charting a new course for growth. I am absolutely certain that our visionary founder, Dr. George Keller, would be thrilled with this development.”
The transaction was completed January 1, 2023. Financial details were not disclosed.
“For years, AVN Corporation has been an innovation mainstay in our great state, comprising some of the smartest and most talented chemical engineers, chemists and scientists,” said U.S. Senator Joe Manchin (D-W.Va.). “I am thrilled they are expanding their footprint and look forward to the exciting work they will do in the decades to come.”
“When this company was founded in 2003 in an effort to retain talent in the Kanawha Valley, no one could have known what the future would look like twenty years later,” U.S. Senator Shelley Moore Capito (R-W.Va.) said. “In their previous configuration, the company’s accomplishments in the areas of science and technology have far exceeded anyone’s expectations, which I have been proud to support. Most recently, their work to establish a Center of Excellence for chemical process design, along with their partners, underscores the talent and expertise that is housed within this organization. I look forward watching AVN Corporation grow and wish them continued success moving forward.”
AVN will continue to operate at its South Charleston and Morgantown, W.Va., locations. MATRIC, the nonprofit entity, will be governed by an independent volunteer board of directors.
“We are very grateful to the talented professionals at AVN who have added nearly $200 million to the local economy over the past two decades. We looked forward to seeing even greater achievements from them. MATRIC will now refocus our efforts on our core mission,” said Bill Goode, MATRIC Chairman of the Board of Directors. “As we look forward to exciting times, we remember great leaders like Dr. George Keller, Newton Thomas and Dwight Sherman.”
AVN Corporation will be exhibiting at the SOCMA Specialty & Custom Chemicals Show at Booth #606 on March 1-3, 2023, in Nashville, Tenn.
About AVN Corporation
AVN Corporation is the strategic innovation partner of choice that provides uncommon expertise and infrastructure to solve the most challenging science and technology problems. Focusing on the areas of chemical, energy and environmental technologies, technical engineering, specialty and custom manufacturing, and advanced software technologies, AVN delivers innovation from concept to commercialization to manufacturing. We utilize our experienced and renowned staff, unique laboratory and pilot plant facilities, and flexible intellectual property models to create value for customers and investors around the world. We are an energized and expanding company that works from facilities in South Charleston and Morgantown, W.Va. Visit us at www.AVNcorp.com.
Media Contact:
Katie Regan
AVN Corporation
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www.AVNcorp.com
The four assets represent 13.6 MW of renewable, reliable energy capacity
NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC (“EnfraGen”), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by Glenfarne Energy Transition, LLC, a global energy transition company providing critical solutions to lower the world’s carbon footprint addressing the “here and now” energy transition and leading global private markets firm, Partners Group, on behalf of its clients, announces the acquisition of four run-of-river hydropower assets in southern Chile, totaling 13.6 MW, from Invercap S.A., an investment group focused on mining and steel in Chile.
The acquired assets are owned outside of EnfraGen’s existing senior credit group, which was established following a 2020 refinancing. The four plants will be operated by Prime Energía SpA, a subsidiary of EnfraGen, and include La Arena, a 6.8 MW plant located near Puerto Montt; Tranquil, a 3.0 MW plant located near Panguipulli; San Victor, a 3.0 MW plant located near Puerto Aysen; and Cuchildeo, a 0.8 MW plant located near Hualaihue.
“The addition of these hydro plants to EnfraGen’s diversified energy and power asset portfolio are indicative of the transactions we will continue to pursue to grow EnfraGen into Latin America’s leading energy transition company,” said Brendan Duval, EnfraGen CEO and Founder and CEO and Founder of Glenfarne Energy Transition, LLC. “Like EnfraGen’s existing hydro assets in Panama, Southern Chile sits within a high-growth, emerging market with ample opportunity to utilize its natural, renewable energy sources to reduce carbon emissions and further Chile’s and Latin America’s energy transition.”
Ed Diffendal, Managing Director, Private Infrastructure Americas, Partners Group, and EnfraGen Board Member added, “Partners Group is pleased to support the acquisition of these renewable hydropower assets in Chile. These assets are consistent with EnfraGen’s value-added renewable and grid stability business model and Partners Group's commitment to investing in next-generation infrastructure.”
“With this acquisition, EnfraGen not only reaffirms its commitment to Chile in its strategy to achieve a sustainable energy transition, but also it confirms its intention to continue investing and growing in the country, contributing to grid stability and the development of more renewable energy,” said Jose Arosa, CEO of Prime Energía SpA, EnfraGen's main Chilean subsidiary.
EnfraGen has operational and in-construction assets totaling nearly 1.9 GW of capacity across Chile, Panama, and Colombia with corporate offices located in Houston and New York in the United States.
About EnfraGen, LLC
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin America. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.
EnfraGen is jointly controlled by Glenfarne Energy Transition, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling nearly 1.9 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of nearly 400 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Glenfarne Energy Transition, LLC
Glenfarne Energy Transition is a wholly owned subsidiary of Glenfarne Group, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Rio De Jainero, Brazil; Jakarta, Indonesia; Barcelona, Spain; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne Energy Transition aims to address the “here and now” global energy transition through three core businesses: Global LNG Solutions, Renewables, and Grid Stability. The company's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America, Asia, and Europe. For more information, please visit www.GlenfarneEnergyTransition.com.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested USD 185 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 131 billion in assets under management as of 30 June 2022, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,600 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
Kris Cole
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(310) 652-1411
Battle Axe is Milestone’s first facility outside Texas and serves the northern Delaware Basin
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--#BattleAxe--Milestone Environmental Services, LLC (“Milestone”), one of the largest independent providers of energy waste sequestration services in the U.S., today announced the opening of its first facility in New Mexico, effective December 26, 2022. The new facility is located southeast of Carlsbad on NM 128 and Battle Axe Road.
The Battle Axe facility is the first Milestone location outside of Texas and is the first of its kind permitted in New Mexico. The facility is permitted by the New Mexico Oil Conservation Division (NMOCD) to inject liquid oilfield waste and manage associated solid waste.
“Milestone’s expansion into New Mexico is a significant achievement and natural fit for our organization,” said Milestone President and CEO Gabriel Rio. “The state of New Mexico is committed to protecting the environment, and Milestone’s sustainable, carbon-negative solution for the safe, secure, and permanent sequestration of energy waste aligns very well with the state’s rigorous environmental standards.”
“American oil and gas is critical to powering the nation and the world, and Milestone is committed to cleaning up energy℠ by supporting our customers with responsible, environmentally friendly solutions for energy waste management and disposal,” added Rio. “We’re excited to bring our advanced waste sequestration operations to E&P operators in New Mexico.”
Battle Axe is the company’s ninth operational facility overall and its seventh in the Permian Basin. Open 24 hours a day, seven days a week, the facility accepts used drilling fluids, flowback, produced saltwater, tank bottoms, and other RCRA-exempt liquid E&P waste streams. The facility also provides full-service truck washouts. Milestone will host a grand opening at the new facility, located at 1290 NM Highway 128, Jal, NM 88252, in late January 2023.
About Milestone Environmental Services
Milestone is a Net Negative energy waste sequestration company with assets throughout the Permian Basin, Eagle Ford Shale, and Haynesville Shale. We are one of the largest independent energy waste sequestration companies in the United States, and a key business partner to energy companies looking to reduce their carbon footprint through cost-efficient waste management solutions. Our network of slurry injection sites and best-in-class E&P landfills provides a new avenue for the management and sequestration of hydrocarbon-rich energy waste streams. We are committed to protecting the environment and our communities by offering a better way to manage waste and play a key role in a forward-looking carbon agenda. Milestone is a partner in the transition to a sustainable energy future. For more information, please visit www.Milestone-ES.com.
Jessica Clements, This email address is being protected from spambots. You need JavaScript enabled to view it.
New insights showcase how connected vehicle data can help emergency services, utilities and DoTs prioritize aid during extreme weather events
MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ and cloud and software solutions for connected, electric and autonomous vehicle data, today released its “Americans turn to their vehicles for survival as power outages sweep across the US during the 2022 Bomb Cyclone” insights. According to these insights, during this month’s bomb cyclone, which impacted more than 60 percent of the U.S. from December 20 to December 26, Americans were more likely to use their cars for charging electronic devices and warmth when compared to the same period in 2021.
Wejo’s data shows that during the bomb cyclone, there was an:
“As we’ve seen through the end of year, our connected vehicle data from 95% of U.S. roads can bring insights that are invaluable when deciding how to prioritize resources during times of extreme weather,” said Richard Barlow, founder and CEO of Wejo. “From understanding what roads are closed and blocked to identifying rural areas where residents have turned to their vehicles due to power outages and may be in need of assistance, the power of the insights that we can give to DoTs and emergency services during extreme weather cannot be underestimated.”
Wejo’s findings related to the bomb cyclone are consistent with an earlier analysis of the Texas storm of 2021, which highlighted similar findings:
Wejo’s latest analysis underscores the power of insights gathered via connected vehicle data. The ability to access real-time insights via Wejo’s solutions, such as Winter Roads Insights, empowers DoTs and emergency response services with a cost-effective solution to effectively treat road networks and make life-saving decisions during extreme weather events.
Wejo’s traffic intelligence solutions, such as Winter Roads Insights, are part of a $3.4bn market opportunity. Through Wejo’s Winter Road Insights solution, a wide range of government departments can use these real-time insights for improved responses to incidents on roads, road closures and power outages. The real-time insights also enable vehicle after-sales and auto repair shops to be better prepared for what parts may be required post-weather event, as the findings also note a rise in bodywork damage and other necessary auto repairs to vehicles during these extreme weather events.
Learn more about Wejo’s data insights here: Americans turn to their vehicles for survival as power outages sweep across the US during the 2022 Bomb Cyclone
More information on Wejo’s Winter Road Insights here: https://www.wejo.com/products/winter-road-insights
About Wejo
Wejo Group Limited is a global leader in cloud and software analytics for connected, electric, and autonomous mobility, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. The Company enables smarter mobility by organizing trillions of data points from 20.1 million vehicles, of which 13.7 million were active on the platform transmitting data in near real-time, and over 87.2 billion journeys globally as of November 30, 2022, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information, and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo has offices in Manchester, UK and in regions where Wejo does business around the world. For more information, visit www.wejo.com or connect with us on LinkedIn, Twitter, and Instagram.
Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. For more information, please follow this link: https://www.wejo.com/forward-looking-statements
Media:
Ben Hohmann, Wejo
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Katie O’Brien, Raffetto Herman Strategic Communications on behalf of Wejo
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Investors:
Tahmin Clarke, Wejo
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) announced today that it has acquired ChartWorld International Limited and affiliates (“ChartWorld”). ChartWorld, headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo, is a leading provider of digital marine navigation hardware and software provided through an affordable subscription-based model. Terms of the transactions were not disclosed.
Commercial maritime subscribers to ChartWorld’s software as a service (SaaS) receive free type-approved Electronic Chart Display and Information Systems (ECDIS), a lifetime warranty and global 24/7 support. ChartWorld also provides digital Electronic Navigational Charts (ENCs) and other geospatial software and services, including digital route appraisal and voyage planning, as well as onshore software for fleet monitoring and risk assessment.
ChartWorld affiliate, SevenCs, has a long and proud history of participation in the development of standards regarding electronic maritime chart display. Today, SevenCs continues to provide ENC production and distribution software, as well as software development kits for the display of electronic nautical charts in accordance with maritime standards to other navigation system OEMs.
“ChartWorld’s maritime navigation software and hardware tools bridge a product and technology gap between our Teledyne Marine and Raymarine businesses,” said Robert Mehrabian, Chairman, President, and Chief Executive Officer. “Furthermore, the acquisition adds to our software capabilities and recurring revenue, while expanding our customer base to include commercial Safety of Life at Sea (SOLAS) class vessels and their commercial fleet operators. We are pleased to have now completed our second acquisition for the Teledyne FLIR and Raymarine organizations in the last six months.”
About Teledyne
Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to an acquisition of a company. Actual results could differ materially from these forward-looking statements. Many factors, as well as market and economic conditions beyond either company’s control, could change anticipated results. There are additional risks associated with operating businesses internationally, including those arising from United States and foreign government policy and regulatory changes or actions and exchange rate fluctuations.
Jason VanWees
(805) 373-4542
Unimicron, a leading high-tech manufacturer, strikes deal to enhance its energy security and make progress on decarbonization
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) has entered into an agreement with Unimicron, a chip substrate and printed circuit board maker (PCB), to deploy up to 10MW of fuel cells at Unimicron plants in Taiwan. The installations will begin in 2023 and be completed by 2026. With this, Bloom Energy will have deployed its solid oxide fuel-cell based Energy Server™ in four Asian countries.
“Bloom’s superior energy technology capabilities are attractive to companies that need reliable power,” said Tim Schweikert, Senior Managing Director, International Business Development, Bloom Energy. “That is particularly true of semiconductor fabs, which must meet a global demand for their products that shows no signs of abating. Bloom’s fuel-flexible platform can fill Unimicron’s needs today, with fuels that are available now, and they can transition to renewable fuels and hydrogen as those sources become more widely available.”
Reliable, high-quality power is critical to manufacturing operations particularly in the semiconductor and PCB operations because of the global demand for their products and the cost of electric power relative to their bottom line. Manufacturing facilities are also carbon intensive. Taiwan has set ambitious decarbonization goals for its industries. Bloom’s Energy Server, which can produce electricity from a variety of fuels without combustion, can play an important role in Taiwan’s decarbonization.
Bloom’s energy platform can be configured to create a microgrid that can operate alongside an electricity grid, or independently of it. When powered by a fuel source with an underground pipeline system, such as natural gas, they are less susceptible to the impacts of extreme weather, enabling safe, continuous operation and avoiding the costly consequences of unplanned downtime. Bloom’s technology also enables customers to plan against price volatility by locking in a large portion of their electricity cost, with multiple financing options and flexible term lengths.
Bloom unveiled a multi-gigawatt manufacturing plant in Fremont, California in July 2022 to meet growing demand for its technology. The $200 million investment created a state-of-the-art, 164,000 square foot facility followed the opening of a new research center and a global hydrogen development facility in Fremont, bringing Bloom’s footprint there to more than 524,000 square feet. In addition, Bloom added a high-volume commercial line for electrolyzers at its Newark, Delaware facility, increasing the company’s electrolyzers generating capacity to two gigawatts. The award-winning technology is the most energy-efficient design to produce clean hydrogen to date.
Forward-Looking Statements
This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding the collaboration with Unimicron, including plans to install solid oxide fuel cells sites selected by Unimicron, any expected benefits from the collaboration with Unimicron, such as carbon emissions reductions, increased energy efficiency, or satisfying any clean energy or power savings requirements by the Republic of China or regulatory agencies, progress towards any net-zero emissions, decarbonization or energy independence goals, and the cost, safety and availability of power provided by the microgrid. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, filed with the Securities and Exchange Commission on May 6, 2022, August 9, 2022 and November 3, 2022, respectively, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
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