PORTSMOUTH, United Kingdom--(BUSINESS WIRE)--#ICPC--Under the theme ‘Submarine Cable Resilience—Back to Basics,’ the International Cable Protection Committee (ICPC) is delighted to announce the 2023 ICPC ‘Call for Papers’ has been officially issued for the forthcoming Plenary that will take place in-person after three years in a virtual setting. ICPC now seeks presentation abstracts from ICPC Member and non-Member organisations including the cable industry, academics, and the science and legal communities.
This year’s annual Plenary will take place in Madrid, Spain from 18th – 20th April 2023. Current ICPC Members, guest observers, invited speakers, and exhibitors from around the world will gather under one roof for three days to listen, learn, and discuss from a diverse set of topics about the vital importance of submarine power and fibre optic cables and their protection worldwide. If interested in presenting at the event, please submit your abstract by 13th January 2023 via the following link where you will also find a detailed ‘Call for Papers’ document which includes suggested presentation topics.
Ahead of the event, ICPC General Manager Mr Ryan Wopschall commented: ‘It has been a long road to get back to this point, but we are doing it—we will be in-person in Madrid in 2023! The Plenary has always been such a valuable venue for discussing the protection of submarine cables. If anything, the pandemic has showed us how vital this infrastructure is, and for that reason we have themed the event around the concept of resilience. As an organisation, we are also resilient, as is the submarine cable industry. Through the pandemic, the ICPC has taken initiatives to sponsor numerous research projects for the benefit of its members, we have maintained our relationships with our affiliate organisations, and our membership has grown to record levels allowing new relationships to be formed. On behalf of the ICPC, we look forward to meeting with new and veteran members, guest and invited speakers, and to rekindle the cornerstone of the ICPC—the annual Plenary.’
About the Plenary. The Plenary will offer participants the opportunities to enhance their industry knowledge by networking with colleagues and customers as well as meeting with exhibitors who will be showcasing their products and services. Delegates will find an agenda full of pertinent presentations, round table debates and interviews.
About the ICPC. The ICPC is the world’s premier submarine cable protection organisation. It was formed in 1958 to promote the protection of submarine cables against human-made and natural hazards. It provides a forum for the exchange of technical, legal, and environmental information about submarine cables and engages with stakeholders and governments globally to promote submarine cable protection. The ICPC has over 190 Members from 69 nations, including cable operators, owners, manufacturers, industry service providers, as well as governments. For further information about the ICPC, see www.iscpc.org and www.linkedin.com/company/icpc-ltd/.
Please send e-mail to: This email address is being protected from spambots. You need JavaScript enabled to view it. for any enquiries. If interested in joining the ICPC, visit: https://iscpc.org/join-the-icpc/.
ICPC:
Ryan Wopschall
ICPC General Manager
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HOUSTON--(BUSINESS WIRE)--JERA Americas, the Houston-based subsidiary of global energy leader JERA, has made progress on its efforts to support a transition to a cleaner energy economy.
Canal and Bucksport Generating Facilities Acquisition
JERA Americas closed on its acquisition of a 1,633 megawatt (MW) thermal power portfolio in New England: Canal 1 (566 MW), Canal 2 (559 MW) and Canal 3 (333 MW) in Sandwich, Mass. and Bucksport (175 MW) in Bucksport, Maine.
Canal, with its location on Cape Cod, can serve as a critical site for enabling offshore wind using existing infrastructure. Bucksport, with its existing transmission interconnection, can also serve as a link for renewables to connect with the electric grid.
“Using existing large-scale power projects that do not require construction of new power transmission networks is an important part of aiding a clean transformation in New England,” said Steven Winn, JERA Americas Chief Executive Officer. “We are committed to transitioning the existing units to greener forms of energy as well as employing the attributes of the sites to enable renewable energy development in New England.”
Zenobē Battery Projects MOU
JERA Americas has entered into an agreement with Zenobē, a leading international EV fleet and battery storage specialist, to develop battery storage projects. The companies will work together to develop utility-scale, grid-connected, standalone and hybrid battery storage projects in both New York and New England to underpin renewable energy adoption. The companies will also look to identify other opportunities across the US, including co-location of battery storage and renewable energy technologies, and battery development acquisitions.
“Developing battery storage projects with Zenobē provides us with an additional solution to help support a robust rollout of renewable and clean energy technology projects where they are most needed, said Winn. “We will continue to pursue commercially viable decarbonization paths including battery storage solutions with Zenobē, large scale renewable projects, blending hydrogen in gas turbines, and using low carbon biofuels in place of traditional fuels.”
JERA Americas, and its parent company JERA, plan to achieve net zero CO2 emission electricity by 2050 and have accelerated progress toward that goal. In the past year, JERA Americas has achieved substantial progress constructing a 300 MW wind power project in TX and announced hydrogen blending projects at natural gas generation facilities in the northeastern US. The Company also announced it is collaborating with ConocoPhillips on a proposed facility on the US Gulf Coast. If constructed, the facility would produce hydrogen and convert it to clean ammonia. Potential long-term customers could include JERA and Uniper. The goal of the proposed project would be to accelerate the production and supply of low-carbon fuels for domestic and international use.
ABOUT JERA AMERICAS
JERA Americas is supporting an energy transition in an environmentally and socially responsible manner. The Company is a subsidiary of Tokyo-based JERA, which stands for Japan’s Energy for a New Era, and produces about 30% of all electricity in Japan. JERA is committed to achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is contributing to the development of a sustainable society. For more information contact This email address is being protected from spambots. You need JavaScript enabled to view it.. Or you may or follow JERA Americas on LinkedIn or visit https://www.jera.co.jp/english/corporate/.
ABOUT ZENOBĒ ENERGY LTD:
Zenobē is an international EV fleet and battery storage specialist, headquartered in the UK with operations in Europe and Australasia. It has c. 1.6GW in construction and development in the UK which equates to c. 25% market share forecast by 2026. It has around 25% market share of the UK EV bus sector and c.580 electric vehicles contracted globally. The company is the largest owner and operator of EV buses in the UK, Australia and New Zealand.
The company’s pioneering battery storage offering enables power grid operators to provide clean, secure and affordable power, accelerating the global transition to Net Zero energy systems. Zenobē’s fleet solution is driving the adoption of electric vehicles and reducing emissions from the transport and logistics sectors. Its ETaaS (Electric Transport-as-a-Service) solution provides fleet operators and local authorities with a full solution for a pay-per-month fee including charging infrastructure, battery replacement and award-winning software. Zenobē is also a leader in second life battery repurposing EV batteries after their first life, providing incremental power solutions to large business and the film and events industries. For more information, please visit www.zenobe.com.
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District to Launch Pilot Program to Evaluate Electric School Bus Fleet Feasibility
MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has delivered its first electric school bus to Michigan. The state-of-the-art, zero-emission vehicle will serve Dearborn Public Schools and usher in a new era of clean student transportation for the school district. Dearborn Public Schools is the third largest school district in Michigan with 37 neighborhood elementary, middle, and high schools educating more than 20,000 students.
Dearborn Public Schools received an advanced Blue Bird All American RE electric school bus. The school bus can carry a maximum of 84 passengers for up to 120 miles on a single charge. The vehicle takes between three and eight hours to fully recharge depending on the charging infrastructure.
“We are thrilled to add the first electric vehicle to our school bus fleet and to test the school bus in our real-world environment year-round,” said Dr. Glenn Maleyko, superintendent of Dearborn Public Schools. “Electric school buses help reduce harmful greenhouse gas emissions. Today marks an important step as we start to evaluate this new technology.”
“Blue Bird is recognized as a technology leader and innovator of zero-emission school buses in North America,” said Britton Smith, senior vice president of electrification and chief strategy officer of Blue Bird Corporation, which has more than 850 electric-powered school buses in operation today. “We are excited to deliver our first electric bus to Michigan, a state on the cutting edge of automotive innovation and eMobility. Blue Bird continually expands its electric vehicle footprint and market reach. Today, Blue Bird electric buses transport thousands of school children every day in the majority of U.S. states.”
Dearborn Public Schools has solely relied on Blue Bird for more than 30 years to meet its student transportation needs and currently maintains a fleet of more than 70 Blue Bird buses. The transition to electric vehicles will help the school district to reduce harmful greenhouse gas emissions while improving student and community health.
Blue Bird’s electric school bus was partially funded by a $300,000 grant through the U.S. Environmental Protection Agency’s (EPA) 2021 American Rescue Plan Electric School Bus Rebate program. The EPA recently awarded extra funding to Dearborn Public Schools for up to 18 additional electric school buses through the 2022 Clean School Bus Rebate program. The EPA classifies Dearborn Public Schools as a priority district since about 70 percent of the families in the district are low-income.
Dearborn Public Schools anticipates benefiting from significant cost saving opportunities by reducing or eliminating the fuel and maintenance costs tied to traditional diesel-powered vehicles. Select Blue Bird customers reported fuel costs of up to 49 cents per mile for their diesel buses, compared to an average 14 cents per mile in energy costs for electric buses.
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com.
About Dearborn Public Schools
Dearborn Public Schools is the third largest school district in Michigan with more than 20,000 students. The district operates 37 schools across 36 buildings. We provide services ranging from the free preschool for qualified families to free early college programs that allow any able high school student to earn an associate degree or trade certificate before they graduate high school. The district’s Vision Statement has become a popular inspiration for the students and staff in the Dearborn Public Schools: Students First: Inspire, Educate, Celebrate. For more information, visit https://dearbornschools.org.
Blue Bird Media Contact
Julianne Barclay
TSN Communications
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Dearborn Public Schools Media Contact
David Mustonen
Communications Director
Dearborn Public Schools
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PARIS--(BUSINESS WIRE)--Technip Energies (PARIS:TE) has been selected by Renexia to perform the front-end engineering and design (FEED) for the Med Wind floating offshore wind project, located in the Mediterranean Sea, 60 kilometers off the west coast of Sicily.
The scope of work covers the FEED for the 190 floating foundations and moorings for the wind turbines and the conceptual design for the floating offshore sub-stations.
The design of the floating foundation will be based on Technip Energies’ in-house floater technology INO15™, a three-column semi-submersible floater that is well suited to large series production.
Renexia, a subsidiary of Toto Group, is an Italian company specialized in the development and management of renewable energy plants. In April 2022, Renexia completed the Mediterranean’s first marine wind farm in Taranto (Puglia).
The Med Wind project is located in the Strait of Sicily and will have an installed power capacity of 2.8 GW, which is equivalent to powering more than 3 million Italian households.
Laure Mandrou, SVP Carbon Free Solutions of Technip Energies, commented: “We are pleased to have been selected by Renexia for the largest floating offshore wind development in the Mediterranean Sea. By leveraging our in-house technology, combined with our engineering and design capabilities, we are glad to support such a major development which will play a key role in achieving Italy’s ambitious renewable energies development plan and national decarbonization goals.”
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates. All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 203 429 3929
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Media relations
Stella Fumey
Director Press Relations & Digital Communications
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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ECU360’s Domestic Transportation Solution will help shippers in securing a truckload in real time with guaranteed capacity by providing accurate data on a real-time basis eliminating the hassle of managing and coordinating with multiple carriers.
MIAMI--(BUSINESS WIRE)--#AllcargoLogistics--ECU Worldwide’s Digital Logistics Platform – ECU360 has launched Domestic Transportation Solution to connect shippers with carriers across the length and breadth of the United States. The solution is built in partnership with ECU Trucking and launched on ECU360’s platform to streamline and automate the cumbersome process of finding carriers or shippers, ability to track the shipment end-to-end, and obtain quotes for shipping goods.
Surface transportation in the United States has a spend of US$ 800 billion and is prone to frequent fragmentation, giving rise to the cycles of boom and bust. Trucks are the lynchpins of the American economy and over 72% of consumable goods are moved through different parts of the country through it. They are a critical component of the supply-chain for goods arriving on ships, both domestic and international.
With this new launch, ECU360 wants to empower freight forwarders with a digital solution that helps in booking their required load to the destination along with transparency in rates. It cuts down the tedious process of obtaining quotes to tracking the status of the shipment at a click of button and within few seconds. The platform is end-to-end and enables freight forwarders to manage and optimize their on-ground transportation needs across the zip codes in partnership with over 120 Intermodal carriers with a click of button, stevedoring companies, and portside operation facilities to provide complete service and coverage for all USA/Canada ports and ramps.
Niels Nielsen, Regional Head USA & Canada, ECU Worldwide, said, “We are enabling shippers by providing them with the accurate data on a real-time basis, and empowering them with an on-ground logistics solution that is built to suit their requirement, giving them flexibility and control over the movement of their freight. Digitalization is the future of freight, enabling automation of capacity booking, shipment visibility, and analytics. The launch of trucking services on ECU360 is the due course of evolution and the response from the customers has been encouraging as they adopt the platform.”
Digitalization is disrupting industries worldwide, including logistics. ECU Worldwide, with its digital-first approach, continues to enhance and upgrade its proprietary state-of-the-art digital logistics platform ECU360 with integrated services, which offers shippers and freight forwarders key features like quick quotes, instant bookings for door-to-door deliveries in over 50 markets, advanced track and trace, and access to a network that operates in 180 countries.
Founded in 1987, ECU Worldwide is Allcargo Logistics’ wholly-owned global subsidiary. It is one of the major players in multi-modal transport and global leaders in LCL consolidation assuring smooth, safe and end to end coordination for its customer's cargo. As one of the leaders in the Cargo logistics industry, ECU Worldwide leverages its synergies with in-depth knowledge of local markets and vast experience in global logistics to deliver the best through its services. The company boasts of 300+ offices in 160+ countries at 530+ destinations with 2400+ trade lanes converging their international standard expertise with over 3500+ dedicated employees from across continents.
Media Contact
Pooja Singh
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WASHINGTON--(BUSINESS WIRE)--A Lifetime Achievement Award was presented to Don Stephens, founder of Mercy Ships this past weekend at the opening event of the GE7 Africa Visionary Leaders Annual Summit, held in Washington DC. This award was presented by H.E. Rania Al-Mashat, Minister of International Cooperation of Government of Egypt. Earlier this year the government of Egypt had provided free passage through the Suez Canal for the newest Mercy Ship, the Global Mercy® on the vessel’s maiden voyage.
“Africa is doing better because people from all parts of the world have joined forces to bring change and Mercy Ships is part of this transition,” stated Amy Sarr Fall, organizer of the event. “This event aims to galvanize change makers and bring hope. The awards highlight great initiatives and pay tribute to the main actors behind their success.”
Dr. Pierre M’Pelé, Mercy Ships ambassador for Africa, conveyed a special heartfelt message sung by a dozen African singers who represented the voice of the African people: “We thank Mercy Ships, we thank Don Stephens for the dignity and hope given back to thousands of our brothers and sisters.”
On receipt of the award, Don Stephens said, “On behalf of Mercy Ships and all of the crew who have served on our ships in the past 40 years, we thank you. We now have two world-class hospital ships serving the people of Africa while also training medical professionals. Our mission is to provide hope and healing to the world’s forgotten poor.
Stephens concluded, “Our overarching goal is transformational development. We are in a room tonight filled with a group of transformational leaders. A room of people passionate about various causes. We all have huge responsibilities. Let us all be transformational. I have a favorite African proverb, and I always enjoy concluding with it: If you want to go fast, go alone. If you want to go far, go together. Let’s go far together.”
30 years of Partnership in Africa
Since 1990 to this day, from Lomé in Togo to Dakar in Senegal, the international humanitarian organization Mercy Ships deployed its hospital ships and conducted 33 missions in 14 African countries to provide first-class surgical operations, build medical capacity and foster sustainable development in countries with limited access to surgical care. Its programs provide comprehensive support to countries striving to make health care accessible to all.
Over more than three decades, Mercy Ships has focused its efforts on Africa, working closely with African countries to help them strengthen their health systems, improving skills and training, and infrastructure. Volunteer professionals have performed more than 108,000 transformative surgeries, more than 520,000 dental procedures on nearly 200,000 patients, trained more than 50,000 health professionals, and nearly 7,000 trainers, and supported more than 1,100 agricultural and infrastructure renovation projects.
In partnership with African Heads of State, Mercy Ships also facilitated the Dakar Declaration on Access to Quality Surgical, Obstetric and Anesthetic Care in Africa by 2030 with the hope to see the Africa Union to endorse this milestone declaration towards achieving the Sustainable Development Goal related to health and well-being.
Focus on Emerging Africa
The objective of this gathering, labeled 'The Africa Chapter' and taking place as a side event to the US Leader’s Summit, according to GE7’s director Amy Sarr Fall, is to improve the narrative on Africa and demonstrate through well advanced initiatives, public-private partnerships, and infrastructure projects, that the continent is on an emerging path.
More than 100 African leaders including financial, green energy, and communication gathered at the summit’s invitation-only high-level event held in the nation’s capital to discuss key challenges to sustainable development.
ABOUT MERCY SHIPS
Global health for the last two decades has focused on individual diseases, while surgical care in low-resource countries has not received the attention it needs. Lack of surgical care results in almost 17 million deaths annually.
Mercy Ships is an international faith-based organization that operates hospital ships to deliver free, world-class healthcare services, medical capacity building, and health system strengthening to those with little access to safe surgical care. Since 1978, Mercy Ships has worked in more than 55 countries, with the last three decades focused entirely on partnering with African nations. Each year, volunteer professionals from over 60 countries serve on board the world’s two largest non-governmental hospital ships, the Africa Mercy® and the Global Mercy™. Professionals such as surgeons, dentists, nurses, health trainers, cooks, and engineers dedicate their time and skills to the cause. Mercy Ships has offices in 16 countries and an Africa Bureau. For more information, visit www.mercyships.org and follow us @MercyShips on social media.
Laura Rebouché
U.S. National Media Relations Manager
Mercy Ships
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www.mercyships.org/press
As the Only European Provider of Cerebras Cloud, Green AI Cloud Delivers AI Super Compute in an Easy-to-Use Solution for AI and ML Applications, Data Science and Simulation Workloads
SUNNYVALE, Calif. & STOCKHOLM--(BUSINESS WIRE)--#AI--Cerebras Systems, the pioneer in high performance artificial intelligence (AI) compute, and Green AI Cloud, the most sustainable super compute platform in Europe, today announced the availability of Cerebras Cloud at Green AI. As the first cloud computing provider in Europe to offer the industry-leading CS-2 system, Green AI customers now can easily train GPT-class models much faster than traditional cloud service providers and with significantly less environmental impact.
The Green AI Cloud is a pioneer in clean energy compute. The Green AI Cloud uses only renewable energy (Hydro and Wind Power) in its datacenter placed in the north of Sweden and converts the excess heat from operations into a heated liquid for industrial product manufacturing – resulting in a negative CO2 footprint. With its new Cerebras Cloud offering, customers can now train leading generative Transformer (GPT)-class models, including GPT-J, GPT-3 and GPT-NeoX, with the promise of equivalent carbon offsets through Green AI’s uniquely sustainable and “carbon-intelligent” cloud.
“We are thrilled to offer our customers access to the industry-leading CS-2 system, powered by the 850,000 AI core WSE processor, which will greatly reduce their initial programming work and enable easy integration with existing workflows,” said Jacob Bostrom, Founder and CEO of Green AI Cloud. “By providing the latest and fastest AI technology through our partnership with Cerebras, we continue to not only drive the future of AI innovation, but also the next era of sustainability and environmental responsibility.”
Energy Efficiency and CO2 Reduction – Examples
Safeguarding Data Security and Privacy Regulations
The EU has some of the strictest data privacy and security rules in the world. A cloud provider based in the EU, such as Green AI Cloud, enables customers across the EU to benefit from Cerebras’ industry-leading AI compute and stay within the data privacy structures. Customers across segments, from pharmaceutical to finance services, and energy to heavy manufacturing, now have push-button access to the Cerebras CS-2 system and can use it by the day, week, or month.
“Cerebras is committed to delivering AI compute – via cloud, on premise or hybrid – to our customers around the world in the most environmentally efficient way possible,” said Andrew Feldman, co-founder and CEO, Cerebras Systems. “As the leader in energy efficient AI compute, it was an obvious choice to partner with and deliver AI compute to the Green AI Cloud.”
Cerebras recently announced its AI Model Studio, as well as partnerships and wins with Sandia National Laboratory and generative AI pioneer Jasper. At the NeurIPS Conference earlier this month, Cerebras broke new ground demonstrating high sparsity training on GPT class models, showing that GPT models can be trained at 90% sparse, using a fraction of the FLOPs and time, and still achieve the same accuracy.
With customers in North America, Asia, Europe and the Middle East, Cerebras is delivering industry leading AI solutions to a growing roster of customers in the enterprise, government, and high-performance computing (HPC) segments, including Jasper, GSK, AstraZeneca, TotalEnergies, nference, Argonne National Laboratory, Lawrence Livermore National Laboratory, Pittsburgh Supercomputing Center, Leibniz Supercomputing Centre, National Center for Supercomputing Applications, Edinburgh Parallel Computing Centre (EPCC), National Energy Technology Laboratory, Sandia National Laboratory, and Tokyo Electron Devices.
For more information, please visit https://greenai.cloud/.
About Green AI Cloud
Green AI Cloud - a European Cloud Service Provider offering AI Super Compute for the largest AI models available. Green AI Cloud delivers superior cost efficiency while being the greenest CSP in Europe – fully capitalizing on its location in the northern part of Sweden that gives access to green energy, carbon offset facilities and world leading datacenter infrastructure.
About Cerebras Systems
Cerebras Systems is a team of pioneering computer architects, computer scientists, deep learning researchers, and engineers of all types who have come together to build a new class of computer system. That system is designed for the singular purpose of accelerating AI and changing the future of AI work forever, enabling customers to accelerate their deep learning work by orders of magnitude.
Kim Ziesemer
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Recording nearly 50% YoY growth and connecting the supply chains of 50% of the Fortune 500, the world’s leading corporations continue to select FourKites for real-time, end-to-end supply chain visibility
AMSTERDAM--(BUSINESS WIRE)--Leading supply chain visibility company FourKites today announces strong global growth during 2022, as the company executed on its vision for automated, interconnected and collaborative supply chains that span transportation, warehouses, stores, trucks and more. The company realised 70% growth in new customers, with more than 1,200 of the world’s most recognised brands now using FourKites to track more than 3M shipments around the world every day.
Among the new customers who are using FourKites to transform their supply chains are QVC, Ahold Delhaize, Volvo Group, Rohlig Logistics, Fiberpartner, Chevron Corporation, SpaceX, Molson Coors, Bacardi and 3T — further validating Gartner’s ranking of FourKites as a Leader in the 2022 Gartner® Magic Quadrant™ for Real-time Transportation Visibility Solutions, and the visibility provider of choice for customers with the most complex supply chain needs.1
In 2022, FourKites achieved the following in Europe:
Industry giants back FourKites’ long-term vision of supply chain transformation
In addition to strategic investments in 2021 from industry heavyweights Qualcomm Ventures, LLC, Volvo Group Venture Capital AB and Zebra Technologies, over the past year, FourKites inked strategic partnerships with a number of industry titans to continue executing on its bold vision for the future of digital supply chains. These companies include FedEx, Quiet Platforms, Mitsui & Co., Ltd., Sony, Microsoft and Narvar. The real-time supply chain visibility pioneer was also recognised for its industry leadership and ongoing innovation by Gartner, SupplyChainBrain, Blue Yonder, Builtin Chicago, Manhattan Associates and Food Shippers of America.
Unique customer collaboration model continues to deliver industry-first innovations
Close collaboration with customers has been the bedrock of FourKites’ product development since the company’s inception. More than nine out of 10 FourKites customers are active contributors to the company’s IdeaExchange, and FourKites’ Innovation Partner program has generated more than 200 product enhancements from more than 70 companies, including Andersen Corporation, Canfor, Cardinal Health, Ecolab, Henkel, Kimberly-Clark, Smithfield and Sprouts Farmers Market, among others.
New solutions released in 2022 include:
"In the past year, we worked closely with our community of supply chain leaders and partners to introduce valuable solutions and insights to better manage inventory, drive efficiencies in supplier ecosystems, streamline international shipments, improve sustainability — and so much more," says FourKites founder and CEO Mathew Elenjickal. "In 2023, we look forward to helping our customers take the next leap forward in their logistics operations, expanding their insight further into their network and at the SKU level. Together, we will build a more resilient and agile supply chain."
About FourKites
Leading supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 3 million shipments daily across road, rail, ocean, air, parcel and last mile, and reaching over 200 countries and territories, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 1,200 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
1 Gartner, Critical Capabilities for Real-Time Transportation Visibility Platforms, Carly West, 24 May 2022.
Scott Johnston
European PR Director for FourKites
+31 62 147 8442
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Strategies Can Be Replicated Nationwide to Power New Economy
HOUSTON--(BUSINESS WIRE)--Global energy transition management consulting firm Partners in Performance announced it was tapped by the Center for Houston’s Future (CHF) to assess Houston’s potential as a hub for hydrogen and hydrogen equipment manufacturing. The resulting report, “Houston’s Future as a Global Center for Clean Hydrogen Manufacturing, Recycling, and Electrolysis” offers an in-depth analysis of the city’s strategic advantages for becoming a global hydrogen energy hub.
Its findings conclude establishing a global hydrogen hub for hydrogen electrolyzers, storage, and delivery infrastructure is a massive economic opportunity for Houston. It offers recommendations to cement Houston’s leadership in the hydrogen energy ecosystem across the United States and potentially the world.
“Houston is a global center for the energy industry, from exploration & production to finance and infrastructure,” said Brett Perlman, CEO at Center for Houston’s Future. “As the world moves to clean, renewable energy Houston’s commercial and industrial base must transition to producing and delivering the green hydrogen energy that will be as vital to our energy future as fossil fuels are today.”
The U.S. is projected to exceed 100 Megatons of hydrogen manufacturing per year, approximately 20% of the global market. Houston is well-suited to play an outsized role in the U.S due to infrastructure, warehousing and logistics, and a highly skilled labor pool.
The study found other regions in the U.S. similar to Houston could spring up as “hydrogen opportunity zones” and provide similar and complementary services and industries.
“Partners in Performance is proud to support the Center for Houston’s Future in their foundational role in the Hydrogen Economy,” said Chris Millican, director. “We are convinced that Greater Houston is uniquely positioned to be a pathfinder for companies scaling up production within the electrolyzer manufacturing and hydrogen supply value chain. The report indicates it has a head-start and strengths in the H2 market to allow existing and new companies to break through challenges and establish a growth base for this new opportunity.”
The first steps in Houston’s path toward its hydrogen future involve electrolyzer manufacturing, an industry already underway in the area. The report examines other industry-adjacent concerns, and outlines paths Houston and other cities can take to ensure the US remains a leader in clean energy production for decades to come.
The full report, “Houston’s Future as a Global Center for Clean Hydrogen Manufacturing, Recycling, and Electrolysis” is available at www.centerforhoustonsfuture.org/electrolysis.
About Center for Houston’s Future
Center for Houston’s Future, an independent affiliate of the Greater Houston Partnership, focuses on understanding future global trends and their impact on the Houston region. The Center brings business, government, and community stakeholders together to engage in fact-based strategic planning, collaboration, and action on issues of great importance to the region’s success. It engages in research, holds community events and develops leaders. Its current strategic focus areas include energy, climate and energy transition; health and health equity; and the economic importance of immigration
About Partners in Performance
An agile, fast growing international management consultancy, the firm is a leading global player in driving operational excellence for complex organizations. The hardest challenge faced by senior executives with any change initiative is to make it last. By working as true partners with our clients, Partners in Performance enables lasting change in organizations; delivering both commercial impact and inspiring people to transform their behaviors.
Media
Partners in Performance
Matthew Kraft
646.502.3564
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Center for Houston’s Future
Elizabeth Rhodes
713.582.1605
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PARIS & STUTTGART, Germany--(BUSINESS WIRE)--#GEGrid--To continue operating the power grid safely and reliably in the future, GE Renewable Energy’s Grid Solutions business (NYSE: GE) and the transmission system operator TransnetBW have signed a contract for a turnkey solution to redesign the Pulverdingen 380 kV substation in the vicinity of Markgröningen, about 15 km northwest of Stuttgart.
The Pulverdingen substation needs to be redesigned for larger capacities and greater power fluctuations. As part of this redesign, the substation’s almost 50-year-old switchgear, will be upgraded and expanded during operation.
To support TransnetBW’s priorities to ramp up capacity, GE’s Grid Solutions team will design, produce, supply and commission 26 bays of 380 kV air-insulated switchgear (AIS) with associated buildings and control cabinets. Also in the plan is a 380 kV cable connection between the 380 kV/220 kV transformer and respective 380 kV switch panel. The overhead line connection to the substation will be executed in three phases. The erection of temporary overhead lines for several years is required in some cases to ensure safe operation of the switchgear during the construction period. The construction work is expected to take one decade, until the end of 2033.
This contract for a turnkey solution aligns with GE’s commitment to provide scalable power solutions to its customers that support the transformation of their electricity grids. The upgrade and expansion of the Pulverdingen substation will significantly improve short-circuit resistance, transmission capacity and voltage control.
"The Pulverdingen substation will strengthen the security of power supply in the Stuttgart area in the long term," said Christopher Kunstmann, project manager at TransnetBW.
“TransnetBW’s expansion plans for Germany’s electricity grid will provide a better network resiliency and power supply security in this region,” said Philippe Piron, CEO of GE Grid Solutions and Power Conversion. “For our team, this agreement represents not only our deep commitment to support TransnetBW in Germany but constitutes the example of the long-term partnerships GE Grid Solutions wants to adopt with key European customers, implementing key regional infrastructure to deliver reliable, stable and efficient energy transmission.”
GE Grid Solutions provides complete, engineered solutions for high voltage (HV) substations to power generation companies, utilities, and industries, bringing together the right mix of high-voltage products through expert engineering and full project management.
Allison J. Cohen
GE Renewable Energy, Grid Solutions business
External Communications Manager
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SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on January 26, 2023 at 10:00 a.m. ET to discuss 2022 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the conference call may join the webcast on Valero’s Investor Relations website at investorvalero.com.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (“U.S.”), Canada, the United Kingdom (“U.K.”), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which owns two renewable diesel plants located in the U.S. Gulf Coast region with a production capacity of approximately 1.2 billion gallons per year, and Valero owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.6 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments. Please visit investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Director – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
BOSTON--(BUSINESS WIRE)--4AIR, the first and only rating system focused on comprehensive sustainability in aviation, today announced that it has launched a Regulatory Monitoring & Compliance Program. The new turnkey compliance program helps operators monitor their potential obligations to rapidly changing and multiplying national or transnational aircraft emissions reporting requirements and to fulfill those obligations automatically, accurately and efficiently.
As governments fight climate change, they are establishing and expanding emissions trading schemes (ETS) and other regulatory programs that require operators to report and address their aircraft emissions. The compliance reporting requirements have multiplied in recent years, and a reporting obligation could be triggered by something as simple as flying to, from or within a participating country. The 4AIR Regulatory Compliance Program automatically monitors operators’ flight activity to check and forecast any potential compliance obligations and then helps them meet reporting requirements.
The program is limited not only to aviation regulatory programs. As more corporations disclose and make progress towards their own decarbonization goals, corporate flight departments and other operators need accurate reporting data to share with their Environment, Social and Governance (ESG) departments. 4AIR automatically aggregates necessary data and shares reporting guidelines for ESG departments, including emission reductions from the use of Sustainable Aviation Fuel (SAF). 4AIR aggregates and verifies required documentation for claiming reductions from SAF against aviation regulatory obligations and voluntary reporting schemes.
“4AIR’s purpose is to make sustainability more accessible and turnkey, and so far that has been focused on aligned-voluntary programs that meet or exceed industry goals,” said Kennedy Ricci, 4AIR’s President. “With the growing number of environmental regulatory obligations and their changing requirements, we wanted to add a turnkey tool for compliance with regulatory requirements as well to ensure our clients are always armed with the information needed to validate their sustainability efforts.”
How It Works
4AIR’s subscription-based Regulatory Monitoring & Compliance Program monitors flying activity and destinations to alert aircraft owners and operators of potential compliance obligations. Should a threshold be triggered or an aircraft be flown in a country or region which requires reporting of emissions, 4AIR alerts the subscriber and provides a full-service package for compliance. The program includes:
4AIR will draft the necessary monitoring procedures, provide internal quality assurance checks, complete annual reports, bring in third-party auditors, provide allowances and ensure operators are compliant in light of changing and expanding environmental obligations.
4AIR alleviates the burden on operators in keeping track of the many emissions trading programs and their changing scopes, ensuring operators are flying compliant. It serves as a regulatory autopilot for global emissions trading systems including:
“4AIR is about making sustainability turnkey in all its forms, and this includes regulatory and corporate ESG reporting requirements. Especially as more regions, states and countries are changing thresholds and implementing new – and occasionally overlapping – environmental reporting programs, our program is designed to take that compliance burden off of our partners,” said Nancy Bsales, 4AIR’s Chief Operating Officer.
For more information on the 4AIR Regulatory Monitoring & Compliance Program, visit https://www.4air.aero/regulatory-compliance.
About 4AIR
4AIR is an industry pioneer offering sustainability solutions beyond just simple carbon neutrality. Its industry-first framework seeks to address climate impacts of all types and provides a simplified and verifiable path for private aviation industry participants to achieve meaningful aircraft emissions counteraction and reduction.
The 4AIR framework offers four levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability that make it easy for private aviation users to pursue sustainability through access to carbon markets, use of Sustainable Aviation Fuel, support for new technologies and other strategies.
For more information, visit us at www.4air.aero.
Media Contact:
Erin Daigle
The Hubbell Group, Inc.
Mobile: 781-815-2827
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Gulf Run provides connectivity from natural gas producing regions in the U.S. to the Gulf Coast to meet growing domestic and international demand
DALLAS--(BUSINESS WIRE)--Dallas-based Energy Transfer LP (NYSE: ET) today announced its subsidiary, Gulf Run Transmission LLC has received FERC approval to place the Gulf Run pipeline in service delivering domestically produced natural gas from key U.S. producing regions to meet the rapidly growing demand along the Gulf Coast and international markets. The newly constructed 135-mile, 42-inch natural gas pipeline in Louisiana has a capacity of 1.65 Bcf/day, with potential growth opportunities.
Gulf Run receives natural gas from Energy Transfer’s extensive intrastate and interstate pipeline network, including production directly from the Haynesville Shale. Volumes originating from all the major natural gas basins in the U.S. have access to the pipeline, including the Permian Basin, the Barnett Shale, the Marcellus and Utica shales, East Texas, the Arkoma and the Anadarko basins. The pipeline consists of two zones. Zone 1 connects the Carthage Hub to the Perryville markets and Zone 2 extends south and connects to Golden Pass Pipeline and to Energy Transfer’s Trunkline system. The Zone 1 segment has bi-directional flow capabilities, providing the ability to deliver significant volumes to Perryville as well as to the Golden Pass and Trunkline systems.
Energy Transfer owns and operates approximately 120,000 miles of pipeline and related infrastructure across 41 states transporting natural gas, crude oil, natural gas liquids and refined products. Energy Transfer operates more than 8,800 miles of pipeline in Louisiana.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC).
Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
The information contained in this press release is available on our website at www.energytransfer.com.
Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795
Media Relations:
Vicki Granado
Alexis Daniel
214-840-5820
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$LPEN--Loop Energy™ (TSX: LPEN), a designer and manufacturer of hydrogen fuel cells, is delighted to announce the addition of Paul Cataford to its Board of Directors. Paul Cataford is a seasoned financial and business executive with over 30 years of success in finance, governance and strategy, specializing in emerging and high-growth technology-based companies. Cataford’s prior experience includes senior executive and board of directors positions with public and private companies including Titan Medical Inc. (NASDAQ and TSX) & Sierra Wireless Inc. (NASDAQ and TSX)
Cataford’s appointment continues the evolution of Loop Energy’s Board of Directors that began this year with the appointment of technology industry veteran Kent Thexton as the Chair of the Board. In conjunction with this appointment Allan Collings and Peter Johansson have resigned from the board.
“To provide guidance to Loop Energy in its next stage of growth, it is important to strengthen the board with depth of expertise across operations, technical and capital markets, along with the highest standards of corporate governance.” said Loop Energy Chairman of the Board Kent Thexton. “I want to extend my gratitude to Allan Collings and Peter Johansson for their dedication to the board, and am excited to welcome Paul Cataford to the company.”
Over the first nine months of 2022, Loop Energy has achieved significant growth including the quadrupling of purchase orders year-over year, doubling of its customer base, and posting a 2.5-time increase in unit sales year-over-year. Building on this foundation, Loop Energy’s strategy for 2023 will significantly intensify the focus of its corporate resources to support near- and mid-term growth markets such as EMEA, while taking a strategic readiness stance in the longer-term opportunity markets such as China.
Loop Energy President & CEO Ben Nyland added: ”With a solid set of customers in EMEA and a strong pipeline of meaningful opportunities, we are taking a more focused approach in our deployment of resources to provide Loop Energy a longer runway from our funds on hand, and a clear path to achieve profitability with near- and mid-term growth.”
In addition to the Loop Energy board appointment, Paul Cataford will also be joining the company’s executive management team as its interim Chief Financial Officer and Corporate Secretary. Paul Cataford’s track record of raising capital for emerging technology companies in Canada and the US, negotiating and closing deals with strategic partners and investors and engaging government sources of non-dilutive funding, along with his expertise and relationship with the capital markets in North America and globally, will bring significant value to Loop Energy as the company enters its next stage of growth. Paul Cataford replaces Damian Towns effective immediately.
“Paul’s exceptional leadership in finance and growth management will be critical as Loop Energy enters its next stages of growth,” said Loop Energy President & CEO Ben Nyland. “I am immensely thankful to Damian for his contributions and wish him well in his future endeavors. I am excited to welcome Paul and to work with him to take this company to the next level.”
About Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of hydrogen fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop Energy’s products feature the company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. At the core of this innovation is its modified geometry that delivers improved uniform current density across the entire active area and increases gas velocity throughout the plate to enhance performance and water management. This innovative design provides OEMs and fleet operators with new levels of fuel efficiency, peak power and durability. For more information about how Loop Energy is driving towards a zero-emissions future, visit www.loopenergy.com.
Source: Loop Energy Inc.
Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Particularly, statements regarding the Company’s expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information, including without limitation, purchase orders, cost reduction, profitability and revenue targets; our future growth prospects and business outlook including without limitation the expected demand for our products, the allocation of resources and funds, the expected timeline for profitability, the planned growth of our customer base and the expected growth of our operations globally. Forward-looking information is based on a number of assumptions (including without limitation assumptions with respect the current and future performance of the Company’s products, growth in demand for the Company’s products, the Company’s ability to execute on its strategy, achieve its targets and progress existing and future customers through the Customer Adoption Cycle in a timely way, and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the realization of electrification of transportation and hydrogen adoption rates, the elimination of diesel fuel and ongoing government support of such developments, the expected growth in demand for fuel cells for the commercial transportation market, our ability to obtain future patent grants for our proprietary technology and the effectiveness of current and future patents in protecting our technology and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated March 23, 2022. Loop disclaims any obligation to update these forward-looking statements.
Investor Inquiries:
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Business Inquiries:
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HOUSTON & VANCOUVER, British Columbia--(BUSINESS WIRE)--Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture technology.
“We are advancing a full value chain carbon capture, utilization, and storage (CCUS) business and believe Svante is poised to be a leader in enabling carbon capture solutions,” said Chris Powers, vice president of CCUS with CNE. “Innovation is key to enabling these types of breakthrough technologies and lower carbon solutions, and we look forward to applying our experience and expertise to help drive this effort forward.”
Since its founding in 2007, Svante has developed carbon capture and removal technology using structured adsorbent beds, known as filters. This funding will support Svante’s commercial-scale filter manufacturing facility in Vancouver, which is anticipated to produce enough filter modules to capture millions of tonnes of carbon dioxide (CO2) per year across hundreds of large-scale carbon capture and storage facilities.
“We are proud that Chevron and a group of existing and new strategic and financial investors have demonstrated their confidence in Svante to be a key player in building a commercially viable carbon management industry,” said Claude Letourneau, President and CEO of Svante. “We are working to remove the biggest barriers to rapid deployment of industrial carbon capture by building this manufacturing facility, which we expect will enable us to rapidly expand our order book.”
The size and cost of installing carbon capture technology has been a barrier to industry adoption. Svante’s modular solid sorbent technology is designed to capture CO2 from industrial flue gas. It then concentrates it into a high-purity, 95-percent pipeline-grade CO2 to prepare it for storage or further industrial use. Its approach is tailored specifically to the challenges of separating CO₂ from nitrogen in diluted flue gas, which is typically emitted at low pressures, and in dilute concentrations. Svante’s technology is targeted toward industrial decarbonization activities in fields including hydrogen, pulp and paper, lime, cement, steel, aluminum, and chemicals. Svante’s filters are also available for direct air capture and carbon dioxide removal.
In 2021, Chevron launched CNE to accelerate lower carbon business opportunities in CCUS, hydrogen, renewable fuels and products, offsets, and emerging technologies. Chevron plans to invest $10 billion in lower carbon projects through 2028 and remains committed to collaborating in new ways to accelerate progress.
Chevron Technology Ventures made an initial investment in Svante in 2014. In 2020, Chevron launched a project to pilot Svante technology to capture CO2 from post combustion of natural gas. The project has received funding from the U.S. Department of Energy (project #DE-FE0031944). In collaboration with Svante and the National Energy Technology Laboratory, the technology will be tested at Chevron’s Kern River facility in San Joaquin Valley, California, with startup underway this month.
Other fundraising round participants include existing shareholders Temasek, OGCI Climate Investments, Delek US and Hesta AG, and new investors, 3M Ventures (the venture capital arm of 3M Company), Full Circle Capital, GE Vernova, Japan Energy Fund, Liberty Media, M&G Catalyst, Samsung Engineering, TechEnergy Ventures and United Airlines Ventures. J.P. Morgan Securities LLC served as Svante’s lead placement agent with RBC Capital Markets as co-lead placement agent. Full Circle Capital acted as financial advisor to Svante in connection with the transaction.
About Svante
Svante offers companies in emission-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 from industrial sources and directly from the atmosphere in an environmentally sustainable way, Svante makes industrial-scale carbon capture and carbon removal a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu. To learn more about Svante, click here or visit www.svanteinc.com.
About Chevron
Chevron (NYSE: CVX) 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. For more information, please visit www.chevron.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 25 of the company’s 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Chevron
Creighton Welch
Communications Manager
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Svante
Colleen Nitta
Director of Marketing & Communications
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604-970-2813
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced the appointment of Cesar Ruipérez to the Wallbox Board of Directors and named him as Chairperson of Wallbox’s Nominating and Corporate Governance Committee. He will fill the seat previously held by Diego Diaz.
Mr. Ruipérez has served as a Director of Corporate Development at Iberdrola, S.A., a Spanish multinational electric utility company, since October 2008. At Iberdrola, Mr. Ruipérez has led various acquisitions, divestments and joint ventures in different geographies and business segments. Prior to joining Iberdrola, from September 2005 to October 2008, Mr. Ruipérez served as an analyst at Deloitte and 360 Corporate in the mergers and acquisitions departments, advising industrial customers and financial sponsors in various transactions, including acquisitions, divestments and restructurings. Mr. Ruipérez holds an International Business Administration degree from Universidad Pontificia Comillas in Madrid (ICADE) and Dublin City University (DCU).
“I am incredibly honored to serve on the Wallbox Board of Directors,” said Cesar Ruipérez. “The future is electric, and Wallbox continues to revolutionize the electric vehicle charging industry with its innovative solutions. Since the beginning, Iberdrola has been a reference shareholder in the company.”
“I would like to thank Diego, who has been with us since the beginning, for his guidance and commitment during his tenure as board member and wish him the best for his future endeavors,” said Enric Asunción, CEO of Wallbox. “I would also like to welcome Cesar Ruipérez, who will bring a valuable perspective as we embark on our next phase of growth and expansion.”
About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 113 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has more than 1,200 employees in its offices across Europe, Asia, and America. For more information, visit www.wallbox.com
Wallbox PR Contact:
Elyce Behrsin
PR Manager Global
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Wallbox Investor Contact:
Matt Tractenberg
VP, Investor Relations
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HOUSTON--(BUSINESS WIRE)--$PSX--Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Tuesday, Jan. 31, 2023, to discuss the company’s fourth-quarter 2022 financial results, which will be released earlier that day.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
Jeff Dietert (investors)
832-765-2297
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Owen Simpson (investors)
832-765-2297
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Thaddeus Herrick (media)
855-841-2368
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STAMFORD, CONNECTICUT--(BUSINESS WIRE)--Crane Holdings, Co. (“Crane,” NYSE: CR), a diversified manufacturer of highly engineered industrial products, today announced that Crane Company has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) relating to the company’s previously announced plan to separate into two simplified businesses to optimize investment and capital allocation, accelerate growth, and unlock shareholder value.
Max Mitchell, Crane’s President and Chief Executive Officer stated: “The public filing of the Form 10 is another important milestone toward the separation transaction to create Crane Company and Crane NXT. We continue to believe that the separation will create two focused businesses, each with differentiated technology, industry leading positions, strong balance sheets and significant opportunities for growth and value creation.”
Update on Previously Announced Separation
On March 30, 2022, Crane announced that its Board of Directors had unanimously approved a plan to pursue a separation into two independent, publicly-traded companies to optimize investment and capital allocation, accelerate growth, and unlock shareholder value.
Upon completion, Crane shareholders will benefit from ownership in two focused and simplified businesses that are both leaders in their respective industries and well-positioned for continued success:
Upcoming Events
Transaction Details
The separation is expected to occur through a tax-free distribution of the Aerospace & Electronics, Process Flow Technologies, and Engineered Materials businesses to the Company’s shareholders. Payment & Merchandising Technologies will be renamed Crane NXT concurrent with the separation, and the Aerospace & Electronics, Process Flow Technologies, and Engineered Materials businesses will be named Crane Company. Upon completion of the separation, shareholders as of the record date will own 100% of the equity in both of the publicly traded companies.
About Crane Holdings, Co.
Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: statements regarding Crane’s and the ultimate spin-off company’s (“SpinCo”) portfolio composition and their relationship following the business separation; the anticipated timing, structure, benefits, and tax treatment of the separation transaction; benefits and synergies of the separation transaction; strategic and competitive advantages of each of Crane and SpinCo; future financing plans and opportunities; and business strategies, prospects and projected operating and financial results. In addition, there is also no assurance that the separation transaction will be completed, that Crane’s Board of Directors will continue to pursue the separation transaction (even if there are no impediments to completion), that Crane will be able to separate its businesses or that the separation transaction will be the most beneficial alternative considered. We caution investors not to place undue reliance on any such forward-looking statements.
Words such as “anticipate(s),” “expect(s),” “intend(s),” “believe(s),” “plan(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained.
Risks and uncertainties that could cause actual results to differ materially from our expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations that may harm our business, results of operation and stock price; the continuing effects from the coronavirus pandemic on our business and the global and U.S. economies generally; information systems and technology networks failures and breaches in data security, theft of personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information; our ability to source components and raw materials from suppliers, including disruptions and delays in our supply chain; demand for our products, which is variable and subject to factors beyond our control; governmental regulations and failure to comply with those regulations; fluctuations in the prices of our components and raw materials; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow our business as planned; risks from environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation; risks associated with conducting a substantial portion of our business outside the U.S.; being unable to identify or complete acquisitions, or to successfully integrate the businesses we acquire, or complete dispositions; adverse impacts from intangible asset impairment charges; potential product liability or warranty claims; being unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow; significant competition in our markets; additional tax expenses or exposures that could affect our financial condition, results of operations and cash flows; inadequate or ineffective internal controls; specific risks relating to our reportable segments, including Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies and Engineered Materials; the ability and willingness of Crane and SpinCo to meet and/or perform their obligations under any contractual arrangements that are entered into among the parties in connection with the separation transaction and any of their obligations to indemnify, defend and hold the other party harmless from and against various claims, litigation and liabilities; and the ability to achieve some or all the benefits that we expect to achieve from the separation transaction.
Readers should carefully review Crane’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of Crane’s Annual Report on Form 10-K for the year ended December 31, 2021 and the other documents Crane and its subsidiaries file from time to time with the SEC. Readers should also carefully review the “Risk Factors” section of the registration statement relating to the business separation, which has been filed by SpinCo with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
These forward-looking statements reflect management’s judgment as of this date, and Crane assumes no (and disclaims any) obligation to revise or update them to reflect future events or circumstances.
We make no representations or warranties as to the accuracy of any projections, statements or information contained in this document. It is understood and agreed that any such projections, targets, statements and information are not to be viewed as facts and are subject to significant business, financial, economic, operating, competitive and other risks, uncertainties and contingencies many of which are beyond our control, that no assurance can be given that any particular financial projections ranges, or targets will be realized, that actual results may differ from projected results and that such differences may be material. While all financial projections, estimates and targets are necessarily speculative, we believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that we or our representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities for sale.
Non-GAAP Explanation
Crane Holdings, Co. reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This press release includes certain non-GAAP financial measures, including pre-corporate Adjusted EBITDA margin, that are not prepared in accordance with GAAP. Crane Holdings, Co. calculates “pre-corporate Adjusted EBITDA margin” as pre-corporate Adjusted EBITDA (earnings before interest, tax, depreciation and amortization expenses, before corporate overhead expense which includes director compensation, securities laws compliance costs, audit and professional fees, and other public company costs, and before Special Items which include transaction related expenses such as tax charges, professional fees and incremental corporate costs related to the proposed separation and other potential corporate transactions), divided by sales. These non-GAAP measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to operating income, net income or any other performance measures derived in accordance with GAAP.
We believe that pre-corporate Adjusted EBITDA margin on a forward-looking or projected basis provides useful supplemental information to investors about Crane Company and Crane NXT after the proposed separation transaction by presenting a prospective view of each post-separation company’s underlying profitability that is not influenced by: depreciation and amortization related to historical acquisition and capital investment activity, and which may not be representative of future levels of capital investment and acquisition activity post-separation; corporate costs which will be influenced by the corporate structure of each post-separation company that will be determined by management teams and Boards of Directors that have not yet been fully established; and, Special Items primarily related to separation transaction costs that are not related to the underlying and ongoing operations of the post-separation company’s businesses.
Our management uses certain forward looking non-GAAP measures to evaluate projected financial and operating results. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore our non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Reconciliations of forward-looking and projected non-GAAP measures, such as pre-corporate Adjusted EBITDA margin, to the closest corresponding GAAP measure are not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures, which could have a potentially significant impact on our future GAAP results.
Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with expected associated contract backlog to Valaris of approximately $275 million, awarded subsequent to issuing the Company’s most recent fleet status report on October 31, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.
Valaris Contracts
ARO Drilling Contracts
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not historical facts are 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 include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," “likely,” "plan," "project," "could," "may," "might," “should,” “will” and similar words. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the cancellation, suspension, renegotiation or termination of drilling contracts and programs, including drilling contracts which grant the customer termination rights if final investment decision (FID) is not received with respect to projects for which the drilling rig is contracted; oil and natural gas price volatility, customer demand for drilling rigs; downtime and other risks associated with offshore rig operations; severe weather or hurricanes; changes in worldwide rig supply, competition and technology; risks inherent to shipyard rig reactivation, upgrade, repair or maintenance; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to obtain financing, fund capital expenditures and pursue other business opportunities; the effects of our emergence from bankruptcy on the Company's business, relationships, comparability of our financial results and ability to access financing sources; actions taken by regulatory authorities or other third parties; the COVID-19 global pandemic and the related public health measures implemented by governments worldwide; increased scrutiny of Environmental, Social and Governance (“ESG”) practices and reporting responsibilities; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; environmental or other liabilities, risks or losses; debt agreement restrictions that may limit our liquidity and flexibility; failure to satisfy our debt obligations; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, which is available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
Investor & Media Contacts:
Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623
Tim Richardson
Director - Investor Relations
+1-713-979-4619
NASHVILLE, Tenn.--(BUSINESS WIRE)--Meta Platforms, Inc. (Nasdaq: META) today announced seven new solar projects in Georgia and Tennessee totaling 720 megawatts (MWAC) to support its regional operations with 100% renewable energy. Silicon Ranch, one of the nation’s largest independent power producers, is partnering with Walton Electric Membership Corporation (EMC) and the Tennessee Valley Authority (TVA) to supply the renewable power to serve Meta’s data centers in Georgia and the Tennessee Valley, respectively. As part of the agreements, Silicon Ranch will fund, build, own, operate, and maintain the solar facilities over the life of each of the seven projects, bringing significant investment to rural communities throughout the region.
In Georgia, Walton EMC recently executed contracts with Silicon Ranch on behalf of Meta (formerly the Facebook company) for three new solar facilities totaling 560 MWAC as part of the electric cooperative’s agreement to supply Meta with 100% renewable energy. Silicon Ranch will work with Walton EMC to deliver projects in each of the next three years to support Meta’s operations.
TVA recently signed agreements with Silicon Ranch on behalf of Meta for four new solar facilities in Tennessee totaling 160 MWAC under TVA’s Green Invest program, which helps customers such as Meta meet their long-term sustainability goals with new utility-scale solar projects located within the Tennessee Valley. Silicon Ranch will partner with TVA and local power companies to deliver all four projects in 2024 to support Meta’s operations in Tennessee and Alabama.
The announcement of the seven new projects coincides with the nearing completion of two additional solar facilities by Silicon Ranch that serve Meta’s operations: the 125 MWAC DeSoto I Solar Farm in partnership with Walton EMC in Lee County, Georgia, and the 70 MWAC McKellar Solar Farm with TVA in Madison County, Tennessee. Despite supply chain constraints that caused project delays across the solar industry, Silicon Ranch placed both projects in service on schedule, a feat the company has accomplished with every project it has signed since beginning operations in 2011.
“We are proud of the work we have done with Walton EMC and TVA to accelerate the transition to renewables in Georgia and the Tennessee Valley,” said Urvi Parekh, Head of Renewable Energy at Meta. “As we continue to support our global operations with 100% renewable energy, we are pleased to expand our partnership with Silicon Ranch, a trusted partner who shares our commitment to have a positive impact on the communities where we locate.”
Including the seven projects announced today, Meta is partnering with Silicon Ranch on 16 solar facilities to serve its operations in Georgia and the Tennessee Valley. In total, the portfolio has a capacity of approximately 1,500 MWAC. Eight of the projects are now operational, generating approximately 630 MWAC of solar energy, and each of the plants integrates Silicon Ranch’s transformative Regenerative Energy® model of land management, a holistic approach to design, construction, and operations that co-locates renewable energy production with regenerative agriculture practices.
“Silicon Ranch is honored by the confidence and trust that Meta continues to place in our company to execute on their behalf, and we are grateful to be part of this compelling economic development story with them as well as with our utility partners Walton EMC and TVA,” said Reagan Farr, President and CEO of Silicon Ranch. “Meta’s commitment to support their operations with 100% renewable energy is directly responsible for our own commitment to invest more than $2.3 billion across more than a dozen rural communities in Georgia, Tennessee, and Kentucky. As a company that calls this region home, we look forward to being active members of each community for decades to come.”
“As an electric cooperative, Walton EMC is driven by our ‘concern for community’ and our devotion to serving the needs of our member-owners, and our partnership with Meta and Silicon Ranch enables us to honor our commitments to these principles and values,” said Ronnie Lee, CEO of Walton EMC. “Walton EMC is proud of the meaningful work we are doing together, and we are grateful to each of our partners for the significant investments they are making in our service territory and across the state, reinforcing and strengthening Georgia’s claim as the number one state for business.”
“TVA is building the energy system of the future, and this public-private partnership with Meta and Silicon Ranch demonstrates the strength of TVA’s public power model to attract capital investment and high-quality jobs into the communities we serve while helping businesses meet their sustainability goals,” said Doug Perry, Senior Vice President of Commercial Energy Solutions for TVA. “We thank our partners Meta and Silicon Ranch for sharing our commitment to make our region the best place in the country to live, work, and raise a family.”
The recently completed projects and the seven new facilities announced today expand Meta’s renewable energy leadership, as highlighted by the Solar Energy Industries Association (SEIA) in its recently published Solar Means Business 2022 report. According to SEIA, Meta has procured more solar and brought more solar capacity online since 2020 than any other business in the U.S.
About Silicon Ranch
Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while expanding access to clean energy. To learn more, visit siliconranch.com, regenerativeenergy.org, and clearloop.us, and follow on Facebook and Instagram.
About Walton EMC
Walton EMC is an innovative, customer-owned and -focused electric utility serving accounts in 10 Northeast Georgia counties between Atlanta and Athens. In its long history of meeting customer-owners’ needs, the cooperative established successful natural gas and security subsidiaries as well as nationally recognized solar initiatives. For more information, visit waltonemc.com.
About Tennessee Valley Authority (TVA)
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation, and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation.
Meta
Melanie Roe
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(650) 798-7966
Silicon Ranch Corporation
Katie Jacobs/Quarter Horse PR
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(847) 715-8624
Walton EMC
Savannah Chandler
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(770) 266-2408
Tennessee Valley Authority
Scott Fielder
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(901) 414-6964
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